SEC Contract Filing

Filing Date: 2020-09-08

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d35419dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B></B>EXECUTION VERSION<B> </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SPONSOR AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This
SPONSOR AGREEMENT (this &#147;<B>Agreement</B>&#148;), dated as of September 7, 2020, is made by and among Conyers Park II Sponsor LLC, a Delaware limited liability company (&#147;<B>Sponsor</B>&#148;), the other holders of Acquiror Class&nbsp;B
Common Stock set forth under the heading &#147;Other Class&nbsp;B Holders&#148; on the signature pages to this Agreement (the &#147;<B>Other Class</B><B></B><B>&nbsp;B Holders</B>,&#148; and together with Sponsor, collectively, the
&#147;<B>Class</B><B></B><B>&nbsp;B Holders</B>&#148;), Conyers Park II Acquisition Corp., a Delaware Corporation (&#147;<B>Acquiror</B>&#148;), and Advantage Solutions Inc., a Delaware corporation (the &#147;<B>Company</B>&#148;). Sponsor, the
Other Class&nbsp;B Holders, Acquiror and the Company shall be referred to herein from time to time collectively as the &#147;<B>Parties</B>&#148;. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms
in the Agreement and Plan of Merger (as defined below). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Acquiror, the Company and certain other Persons party thereto entered
into that certain Agreement and Plan of Merger, dated as of the date hereof (as it may be amended, restated or otherwise modified from time to time in accordance with its terms, the &#147;<B>Merger Agreement</B>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Merger Agreement contemplates that the Parties will enter into this Agreement concurrently with the entry into the Merger
Agreement by the parties thereto, pursuant to which, among other things, (a)&nbsp;the Class&nbsp;B Holders will vote in favor of approval of the Merger Agreement and the transactions contemplated thereby (including the Merger ) and (b)&nbsp;the
Class&nbsp;B Holders will agree to waive any adjustment to the conversion ratio set forth in the Acquiror Organizational Documents with respect to the Acquiror Class&nbsp;B Common Stock related to the issuance of Acquiror Class&nbsp;A Common Stock
pursuant to the PIPE Investment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and the mutual promises contained herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Agreement to Vote</U>.&nbsp;Each Class&nbsp;B Holder hereby unconditionally and irrevocably agrees (i)&nbsp;to vote or consent at any
meeting of the shareholders of Acquiror or in any other circumstance in which the vote or consent of the shareholders of Acquiror is sought (and appear at any such meeting, in person or by proxy, or otherwise cause all of such holder&#146;s Subject
Acquiror Equity Securities (as defined below) to be counted as present thereat for purposes of establishing a quorum) all of such Class&nbsp;B Holder&#146;s Acquiror Class&nbsp;B Common Stock (together with any other Equity Securities of Acquiror
that such Class&nbsp;B Holder holds of record or beneficially, as of the date of this Agreement, or acquires record or beneficial ownership of after the date hereof, collectively, the &#147;<B>Subject Acquiror Equity Securities</B>&#148;) (A) in
favor of the Acquiror Stockholder Matters, (B)&nbsp;against any merger agreement or merger, consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Acquiror (other
than the Merger Agreement and the Transactions) and (C)&nbsp;against any proposal in opposition to approval of the Merger Agreement or in competition with or inconsistent with the Merger Agreement or the Transactions and (ii)&nbsp;not to redeem,
elect to redeem or tender or submit any of its Subject Acquiror Equity Securities for redemption in connection with the Merger Agreement or the Transactions. The obligations of Class&nbsp;B Holders specified in this
<U>Section</U><U></U><U>&nbsp;1</U> shall apply whether or not the Merger, any of the Transactions or any action described above is recommend by Acquiror&#146;s board of directors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Waiver of Anti-dilution Protection</U>. Each Class&nbsp;B Holder hereby (a)&nbsp;irrevocably waives, subject to, and conditioned upon,
the occurrence of the Closing, to the fullest extent permitted by Law and the Acquiror Organizational Documents, and (b)&nbsp;agrees not to assert or perfect, any rights to adjustment or other anti-dilution protections with respect to the rate that
the Acquiror Class&nbsp;B Common Stock held by him, her or it converts into Acquiror Class&nbsp;A Common Stock pursuant to Section&nbsp;4.3 of the Certificate of Incorporation or any other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-to