SEC Contract Filing

Filing Date: 2020-10-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>tm2033240d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>EXECUTION VERSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">October&nbsp;12, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Churchill Capital Corp II&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">640 Fifth Avenue, 12<SUP>th</SUP>&nbsp;Floor&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New York, New York 10019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Software Luxembourg Holding S.A.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">48, Boulevard Grande-Duchesse Charlotte<BR>
L-1330 Luxembourg<BR>
Grand Duchy of Luxembourg</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
 <TD STYLE="width: 4%; font-size: 10pt">Re:</TD>
 <TD STYLE="width: 96%; font-size: 10pt"><U>Sponsor Agreement</U></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This letter (this &ldquo;<B><I>Sponsor Agreement</I></B>&rdquo;)
is being delivered to you in accordance with that Agreement and Plan of Merger, dated as of the date hereof, by and among Churchill
Capital Corp II, a Delaware corporation (the &ldquo;<B><I>Acquiror</I></B>&rdquo;), Software Luxembourg Holding S.A., a public
limited liability company (<I>soci&eacute;t&eacute; anonyme</I>), incorporated and organized under the laws of the Grand Duchy
of Luxembourg, having its registered office at 48, Boulevard Grande-Duchesse Charlotte, L-1330 Luxembourg, Grand Duchy of Luxembourg,
and registered with the Luxembourg Register of Commerce and Companies (Registre de Commerce et des Soci&eacute;t&eacute;s, Luxembourg)
under number B246188 (the &ldquo;<B><I>Company</I></B>&rdquo;), and the other parties thereto (the &ldquo;<B><I>Merger Agreement</I></B>&rdquo;)
and the other transactions relating thereto (the &ldquo;<B><I>Business Combination</I></B>&rdquo;) and hereby amends and restates
in its entirety that certain letter, dated June&nbsp;26, 2019, from Churchill Sponsor II LLC, a Delaware limited liability company
(the &ldquo;<B><I>Sponsor</I></B>&rdquo;), and the undersigned individuals, each of whom is a member of the Acquiror&rsquo;s board
of directors and/or management team (each, an &ldquo;<B><I>Insider</I></B>&rdquo; and collectively, the &ldquo;<B><I>Insiders</I></B>&rdquo;),
to the Acquiror (the &ldquo;<B><I>Prior Letter Agreement</I></B>&rdquo;). Certain capitalized terms used herein are defined in
paragraph 5 hereof. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such
terms in the Merger Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Sponsor is currently, and as of the Closing will be, the
record owner of all of the outstanding Founder Shares and outstanding Private Placement Warrants, with the Sponsor&rsquo;s ownership
as of the date hereof detailed on <U>Schedule A</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In order to induce the Company and Acquiror to enter into the
Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Sponsor and each Insider hereby agrees with the Acquiror and, at all times prior to any valid termination of the Merger Agreement,
the Company as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sponsor and each Insider irrevocably agrees that it, he or she shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">a.</TD><TD>vote any Common Stock and Founder Shares owned by it, him or her (all such common stock, the &ldquo;<B><I>Covered Shares</I></B>&rdquo;)
in favor of the Business Combination and each other proposal related to the Business Combination included on the agenda for the
special meeting of stockholders relating to the Business Combination and any other special meeting of Acquiror&rsquo;s stockholders
called for the purpose of soliciting stockholder approval in connection with the consummation of the Business Combination (each
such meeting, a &ldquo;<B><I>Stockholders Meeting</I></B>&rdquo;);</TD></TR></T