425 1 d870729d425.htm 425 425

Filed by Global Blue Holding Group AG

Pursuant to Rule 425 under the Securities Act of 1933

Subject Company: Far Point Acquisition Corporation

Commission File No.: 001-38521

Date: January 21, 2020


SHARE PURCHASE AND CONTRIBUTION AGREEMENT

SHARE PURCHASE AND CONTRIBUTION AGREEMENT dated as of January 15, 2020 by and among (i) Antfin (Hong Kong) Holding Limited (the “Purchaser”), (ii) Global Blue Group Holding AG, a Swiss corporation (the “Company”), and (iii) SL Globetrotter, L.P., a Cayman Islands exempted limited partnership (“Globetrotter”). Capitalized terms used but not defined herein have the meanings assigned to such terms in the Transaction Agreement (as defined below).

Introductory Note

This Share Purchase and Contribution Agreement (the “Agreement”) is being entered into in connection with the proposed business combination (the “Transaction”) among the Company, Far Point Acquisition Corporation (“FPAC”) and Global Blue Group AG, a Swiss corporation (“Target”) pursuant to the Agreement and Plan of Merger dated on or about the date hereof (as it may be amended and/or restated, the “Transaction Agreement”). Pursuant to the Transaction, and as more specifically set forth in the Transaction Agreement, the following actions, among other actions, will occur on the Closing Date (i) the Management Rollup shall occur, (ii) each of Globetrotter and the Management Sellers will contribute a portion of the ordinary shares of the Target (the “Target Shares”) that each respectively owns to the Company, in exchange for ordinary shares of the Company (the “Shares”); (iii) the Company will acquire all of the remaining issued and outstanding ordinary shares of the Target held by Globetrotter and the Management Sellers; and (iv) a wholly-owned indirect subsidiary of the Company will merge with and into FPAC, with FPAC being the surviving corporation in the merger and a wholly-owned indirect subsidiary of the Company following the merger. Upon consummation of the Transaction, the Company will continue as a publicly traded corporation.

In connection with the Transaction, the Purchaser desires, on the terms and subject to the conditions set forth herein, (i) to purchase Target Shares (the “Purchased Shares”) from Globetrotter for consideration in an aggregate amount of $125,000,000 (the “Purchase Price”) and (ii) to immediately contribute in kind such Target Shares acquired in item (i) to the Company for the subsequent issue by the Company of a number of Shares equal to the Purchase Price divided by $10 per share in accordance with Swiss law requirements (the “Acquired Shares”).

IN WITNESS WHEREOF, and in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, set forth herein, and intending to be legally bound hereby, the parties hereto agree as follows:

1. Purchase. The Purchaser hereby agrees to purchase from Globetrotter, and Globetrotter hereby agrees, subject to the receipt of the Purchase Price, to deliver to the Purchaser, the Purchased Shares, all on the terms, and subject to the conditions, provided for herein.

2. Subscription. Immediately following the purchase of the Purchased Shares pursuant to Section 1, the Purchaser hereby agrees to deliver a duly signed Subscription Form in the form of Schedule B, pursuant to which Purchaser will agree to contribute the Purchased Shares to the Company, and the Company will agree, subject to the receipt of title and ownership in the Purchased Shares, to issue and deliver to the Purchaser, the Acquired Shares, all on the terms, and subject to the conditions, provided for herein and therein.

3. Closing. The closing of the purchase and subscription contemplated hereby (the “Closing”) is contingent upon the substantially concurrent consummation of the Transaction. Upon (a) satisfaction or waiver of the conditions set forth in Section 4 below and (b) delivery of written notice from (or on behalf of) the Company to the Purchaser (the “Closing Notice”) that the Company reasonably expects all conditions to the closing of the Transaction to be satisfied on a date that is not less than two (2) business days (as defined in Section 12.o) from the date on which the Closing Notice is so delivered to the Purchaser:

(i) the Purchaser (or one or more of its affiliates or related companies to which Globetrotter shall consent (in the case of an affiliate, such consent not to be unreasonably withheld or delayed) and provided that such affiliate is able to obtain the funds to pay the Purchase Price and pay the Purchase Price as and when the same is due and payable hereunder) shall deliver to Globetrotter concurrently with the closing of the Transaction the Purchase Price for the


Purchased Shares by wire transfer of United States dollars in immediately available funds to such account or accounts as Globetrotter specifies to the Purchaser in writing (at least two (2) business days prior to the Closing), and Globetrotter shall confirm receipt of the Purchase Price and shall transfer ownership and title to the Purchased Shares to the Purchaser so that the Purchaser has unrestricted title and ownership and can freely dispose over them, subject to restrictions arising under applicable securities laws (and the Target will record such ownership by book entry); and

(ii) immediately following completion of item (i) of this Section 3, the Purchaser shall contribute the Purchased Shares to the Company, and on the Closing Date the Company and the Purchaser shall perform the following actions:

a. The Company shall hold an extraordinary shareholders meeting of the Company in Switzerland in the presence of a notary public resolving to increase the nominal share capital of the Company by the nominal amount of CHF 125,000 by issuing 12,500,000 shares with a nominal value of CHF 0.01 each (the “Capital Increase”) against contribution in kind of the Purchased Shares;

b. The Purchaser shall deliver a duly signed Subscription Form substantially in the form as set out in Schedule B;

c. The Purchaser and the Company shall enter into a contribution in kind agreement substantially in form and substance as set out in Schedule C (with such changes thereto as may be required by the competent commercial register (the “Commercial Register”)), pursuant to which the Purchaser shall transfer ownership and title to the Purchased Shares to the Company so that the Company has unrestricted ownership and can freely dispose over them, in each case, other than restrictions arising under applicable securities laws;

d. The board of directors of the Company shall issue the report regarding the capital increase as required under Swiss law;

e. The auditor of the Company shall issue its verification report to the Company as required under Swiss law;

f. The board of Directors of the Company shall take the resolutions on the ascertainment and the execution of the Capital Increase, as well as the corresponding amendments to the Company’s Articles of Association in the presence of the notary as required under Swiss law;

g. The board of directors of the Company shall file the duly signed application regarding the Capital Increase with the Commercial Register; and

h. The Company shall as soon as the Capital Increase is approved by and registered with the Commercial Register deliver (or cause the delivery of) the Acquired Shares in book entry form to the Purchaser or to a custodian designated by Purchaser, as applicable.

(iii) The Purchaser accepts, acknowledges and consents that following registration of the Capital Increase in the Commercial Register, as required by Swiss law, the Articles will disclose the name of the Purchaser, the number and purchase price of the Purchased Shares contributed in kind and the number of Acquired Shares received as consideration.

(iv) The parties agree that if any of the steps required by Section 3(ii) are not completed on the Closing Date or within five (5) business days thereafter, they will take all actions necessary to unwind each of the transactions under Section 3(i) and (ii) that have already been completed in order to put the parties in the position, as near as reasonably can be, that they would have been in had the Closing not been commenced.

 

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4. Closing Conditions. The Closing is also subject to the conditions that, on the Closing Date:

a. all representations and warranties of each of the parties contained in this Agreement shall be true and correct in all material respects at and as of the Closing Date, and each of the parties shall deliver a certificate reaffirming each of the representations, warranties, covenants and agreements of each such party contained in this Agreement as of the Closing Date, but in each case without giving effect to consummation of the Transaction; provided that a party may not rely on this closing condition if the failure of this closing condition to be satisfied results from the failure of such party’s representations and warranties to be so true and correct;

b. there shall not have been enacted or promulgated any governmental order, law, statute, rule or regulation enjoining or prohibiting the consummation of the transactions set forth herein (provided that this condition may be waived by Globetrotter and/or the Company in their sole discretion); and

c. all conditions precedent to the closing of the Transaction pursuant to the Transaction Agreement, including the approval of FPAC’s stockholders, shall have been satisfied or waived and the closing of the Transaction shall be scheduled to occur concurrently with or immediately following the Closing.

5. Further Assurances. At the Closing, the parties hereto shall execute and deliver such additional documents and take such additional actions as the parties reasonably may deem to be practical and necessary in order to consummate the purchase and sale as contemplated by this Agreement.

6. Company Representations and Warranties. The Company represents and warrants to the Purchaser that:

a. The Company is duly incorporated and validly existing under the laws of Switzerland and, subject only to completion of the steps referred to in Section 3(ii) (the “Required Approvals”), has taken all actions (including obtaining all necessary consents, approvals, anti-trust approvals and clearances, regulatory clearances and applications, and permits, if any) required to enter into this Agreement and to complete the purchase of the Acquired Shares contemplated hereunder. The Company has all corporate power and authority to (i) own, lease and operate its properties and conduct its business as conducted and as intended to be conducted following the Transaction, (ii) to enter into, deliver and perform its obligations under this Agreement, and (iii) subject to the Required Approvals and all approvals contemplated in the Transaction Agreement, to consummate the Transaction and issue the Acquired Shares to the Purchaser in accordance with the terms hereof. The Company was formed for the purposes of consummating the Transaction and has no material assets or liabilities and no order has been passed or meeting convened for the winding-up of the Company, or for a provisional liquidator to be appointed in respect of the Company and there are no cases or proceedings under applicable insolvency, bankruptcy, composition, moratorium, reorganization or similar laws nor are there any circumstances which give rise to any such case or proceeding.

b. The Acquired Shares have been duly authorized and, subject to the Required Approvals, when issued and delivered to the Purchaser in accordance with the terms of this Agreement, the Acquired Shares will be validly issued, fully paid and non-assessable and will not have been issued in violation of or subject to any preemptive or similar rights created under the Company’s organizational and constituent documents or under Swiss law and the Purchaser will have valid title, free and clear of any liens to the Acquired Shares (other than liens arising under this Agreement).

c. This Agreement has been duly authorized, executed and delivered by the Company and is enforceable against the Company in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity.

d. The issuance of the Acquired Shares and the compliance by the Company with all of the provisions of this Agreement and the consummation of the transactions contemplated herein, including set forth in Schedule B and Schedule C, will be done in accordance with New York Stock Exchange rules and will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Company that would reasonably be expected to have a material adverse effect on the business, properties, financial condition, stockholders’ equity or results of operations of the Company or Target, taken as a whole (a “Material Adverse Effect”) or materially affect the validity of the Acquired Shares or the legal authority of the Company to comply in all material respects with the terms of this Agreement; (ii) result in any violation of the provisions of the organizational documents of the Company; or (iii) subject to the Required Approvals, result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Company or Target or any of their respective properties that would reasonably be expected to have a Material Adverse Effect or materially affect the validity of the Acquired Shares or the legal authority of the Company to comply in all material respects with this Agreement.

 

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e. The Company has not entered into any agreement or arrangement entitling any agent, broker, investment banker, financial advisor or other person to any broker’s or finder’s fee or any other commission or similar fee in connection with the transactions contemplated by this Agreement for which the Purchaser could become liable. Other than Credit Suisse, the Company is not aware of any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Shares.

f. Assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 8, in connection with the offer, sale and delivery of the Acquired Shares in the manner contemplated by this Agreement, it is not necessary to register the Acquired Shares under the Securities Act of 1933, as amended (the “Securities Act”).

g. The Acquired Shares (i) were not offered by any form of general solicitation or general advertising and (ii) assuming the accuracy of the Purchaser’s representations and warranties set forth in Section 8, are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

h. As of the date hereof (and prior to giving effect to the consummation of the Transaction), the Company has a share capital of CHF 100,000, divided into 10,000,000 registered shares of CHF 0.01 each. All outstanding Shares have been duly authorized and validly issued, are fully paid and nonassessable and were not issued in violation of (or subject to) any preemptive rights, rights of first refusal or similar rights.

i. The Company understands that the foregoing representations and warranties shall be deemed material and to have been relied upon by the Purchaser.

7. Globetrotter Representations and Warranties. Globetrotter represents and warrants to the Purchaser that:

a. Globetrotter is duly formed and validly existing in good standing under the laws of the Cayman Islands, with power and authority to enter into, deliver and perform its obligations under this Agreement and has taken all actions (including obtaining all necessary consents, approvals, anti-trust approvals and clearances, regulatory clearances and applications, and permits, if any) required to enter into this Agreement and to complete the sale of the Purchased Shares contemplated hereunder.

b. This Agreement has been duly authorized, executed and delivered by Globetrotter and is enforceable against Globetrotter in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity.

c. The execution and delivery of this Agreement by Globetrotter and the compliance by Globetrotter with all of the provisions of this Agreement and the consummation of the transactions contemplated herein will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Globetrotter; (ii) result in any violation of the provisions of the organizational documents of Globetrotter; or (iii) subject to the Required Approvals, result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over Globetrotter or any of its properties, except (in the case of clauses (i) or (iii) above) for such conflicts, breaches, violations, defaults, liens, charges or encumbrances which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of Globetrotter to enter into, perform its obligations under this Agreement and consummate the transactions contemplated hereby.

 

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d. On the Closing Date, Globetrotter will be the record and beneficial owner of, and have good, valid and marketable title to, the Purchased Shares, free and clear of any lien other than restrictions arising under applicable securities laws. The Purchased Shares owned by Globetrotter will not be subject to any stockholder agreement, investor right agreement, registration rights agreement, voting agreement or trust, proxy or other contract that could require Globetrotter to sell, transfer, or otherwise dispose of any Purchased Shares (other than pursuant to this Agreement and the Transaction Agreement). There will be no limitations or restrictions on Globetrotter’s right to transfer the Purchased Shares pursuant to this Agreement. At the Closing, Globetrotter shall transfer ownership and title to the Purchased Shares to the Purchaser so that the Purchaser will have free, unencumbered and unrestricted ownership over them, other than restrictions arising under applicable securities laws. The value of the Purchased Shares corresponds at least to the aggregate nominal value of the Acquired Shares.

e. Globetrotter understands that the foregoing representations and warranties shall be deemed material and to have been relied upon by the Purchaser.

8. Purchaser Representations and Warranties. The Purchaser represents and warrants to the other parties hereto that:

a. The Purchaser (i) is an institutional “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) satisfying the applicable requirements set forth on Schedule A, (ii) is acquiring the Purchased Shares and the Acquired Shares only for its own account and not for the account of others, and (iii) is not acquiring the Purchased Shares and the Acquired Shares with a view to, or for offer or sale in connection with, any distribution thereof in violation of the Securities Act (and shall provide the requested information on Schedule A). The Purchaser is not an entity formed for the specific purpose of acquiring the Purchased Shares and the Acquired Shares.

b. Following completion of the transfer of ownership of the Purchased Shares to the Company pursuant to Section 3 and subject to the Required Approvals and the accuracy of the other parties’ representations and warranties, the Company will have free, unencumbered and unrestricted ownership over them, other than restrictions arising under applicable securities laws.

c. The Purchaser understands that the Purchased Shares and the Acquired Shares are being offered in a transaction not involving any public offering within the meaning of the Securities Act and that the Purchased Shares and the Acquired Shares have not been registered under the Securities Act. The Purchaser understands that the Purchased Shares and the Acquired Shares may not be resold, transferred, pledged or otherwise disposed of by the Purchaser absent an effective registration statement under the Securities Act except (i) to the issuer of such securities or a subsidiary thereof, (ii) to non-U.S. persons pursuant to offers and sales that occur outside the United States within the meaning of Regulation S under the Securities Act or (iii) pursuant to another applicable exemption from the registration requirements of the Securities Act, and in each of cases (i) and (iii) in accordance with any applicable securities laws of the states and other jurisdictions of the United States, and that the Purchased Shares and the Acquired Shares will be subject to a restrictive legend to such effect. The Purchaser acknowledges that the Purchased Shares and the Acquired Shares will not be eligible for resale pursuant to Rule 144A promulgated under the Securities Act. The Purchaser understands and agrees that the Purchased Shares and the Acquired Shares will be subject to transfer restrictions and, as a result of these transfer restrictions, the Purchaser may not be able to readily resell the Purchased Shares and the Acquired Shares and may be required to bear the financial risk of an investment in the Purchased Shares and the Acquired Shares for an indefinite period of time. The Purchaser understands that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer of any of the Purchased Shares and the Acquired Shares.

d. The Purchaser further acknowledges that there have been no representations, warranties, covenants and agreements made to the Purchaser, expressly or by implication, other than those representations, warranties, covenants and agreements included in this Agreement (and any other agreements executed and delivered in connection with the Transaction to which the Purchaser is party, if any).

e. The Purchaser’s acquisition and holding of the Purchased Shares and the Acquired Shares will not constitute or result in a non-exempt prohibited transaction under Section 406 of the Employee Retirement Income Security Act of 1974, as amended, Section 4975 of the Internal Revenue Code of 1986, as amended, or any applicable similar law.

 

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f. The Purchaser acknowledges and agrees that the Purchaser has received such information as the Purchaser deems necessary in order to make an investment decision with respect to the Purchased Shares and the Acquired Shares, including, with respect to the Company, the Transaction and the Target. The Purchaser represents and agrees that the Purchaser and the Purchaser’s professional advisor(s), if any, have had the full opportunity to ask such questions, receive such answers and obtain such information as the Purchaser and such Purchaser’s professional advisor(s), if any, have deemed necessary to make an investment decision with respect to the Purchased Shares and the Acquired Shares.

g. The Purchaser became aware of this offering of the Purchased Shares and the Shares solely by means of direct contact between the Purchaser, Globetrotter and the Company or their respective representatives, and the Purchased Shares and the Shares were offered to the Purchaser solely by direct contact between the Purchaser, Globetrotter and the Company or their respective representatives. The Purchaser did not become aware of this offering of the Purchased Shares and the Shares, nor were the Purchased Shares and the Shares offered to the Purchaser, by any other means. The Purchaser acknowledges that Globetrotter and the Company each represents and warrants that the Purchased Shares and the Acquired Shares, as applicable, (i) were not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

h. The Purchaser acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Purchased Shares and the Acquired Shares. The Purchaser has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Purchased Shares and the Acquired Shares, and the Purchaser has sought such accounting, legal and tax advice as the Purchaser has considered necessary to make an informed investment decision.

i. Alone, or together with any professional advisor(s), the Purchaser has adequately analyzed and fully considered the risks of an investment in the Purchased Shares and the Acquired Shares and determined that the Purchased Shares and the Acquired Shares are a suitable investment for the Purchaser and that the Purchaser is able at this time and in the foreseeable future to bear the economic risk of a total loss of the Purchaser’s investment in the Company. The Purchaser acknowledges specifically that a possibility of total loss exists.

j. In making its decision to purchase the Purchased Shares and the Acquired Shares, the Purchaser has relied solely upon independent investigation made by the Purchaser.

k. The Purchaser understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Shares or made any findings or determination as to the fairness of this investment.

l. The Purchaser has been duly formed or incorporated and is validly existing under the laws of its jurisdiction of incorporation or formation, with full power, authority and capacity to enter into, deliver and perform its obligations under this Agreement and has taken all actions required to enter into this Agreement and to complete the purchase of the Purchased Shares and the Acquired Shares contemplated hereunder.

m. The execution and delivery of this Agreement by the Purchaser and the compliance by the Purchaser with all of the provisions of this Agreement and the consummation of the transactions contemplated herein will not (i) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Purchaser; (ii) result in any violation of the provisions of the organizational documents of the Purchaser; or (iii) subject to the Required Approvals, result in any violation of any statute or any judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Purchaser or any of its properties, except (in the case of clauses (i) or (iii) above) for such conflicts, breaches, violations, defaults, liens, charges or encumbrances which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of the Purchaser to enter into, perform its obligations under this Agreement and consummate the transactions contemplated hereby.

n. This Agreement has been duly authorized, executed and delivered by the Purchaser and is enforceable against the Purchaser in accordance with its terms, except as may be limited or otherwise affected by (i) bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity.

 

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o. The Purchaser (1) is exempt from making or is not required to make (i) any filing of an outbound investment registration with the Ministry of Commerce of the People’s Republic of China (the “PRC”) and/or its competent provincial or local counterparts (“MOFCOM”) in respect of the transactions contemplated hereby or has unconditionally received an Enterprise Overseas Investment Certificate issued by MOFCOM reflecting such registration; or (ii) after completion (if applicable) of the procedures contemplated by subsection (i) above, the registration with a bank in the PRC approved by the State Administration of Foreign Exchange of the PRC in respect of the transactions contemplated hereby or has unconditionally received the Foreign Exchange Business Registration Certificate reflecting such registration; and (2) prior to Closing, any required filings of an outbound investment registration with the National Development and Reform Commission of the PRC and/or its competent provincial or local counterparts (the “NDRC”) in respect of the transactions contemplated hereby shall have been made and evidence of the receipt of submission of such filings shall be shown on the NDRC website (subsection (1) and (2), together, the “PRC Approvals”).

p. Neither the due diligence investigation conducted by the Purchaser in connection with making its decision to acquire the Purchased Shares and the Acquired Shares nor any representations and warranties made by the Purchaser herein shall modify, amend or affect the Purchaser’s right to rely on the truth, accuracy and completeness of the Company’s representations and warranties contained herein.

q. The Purchase Price is not directly or indirectly derived, obtained, received, taken, acquired, or gained, or does not stem, from any violation by the Purchaser or any of its directors, officers, employees, affiliates or, to the Purchaser’s knowledge, any of its agents or other persons acting on behalf of the Purchaser of any laws or regulations concerning money laundering, corruption, or bribery of any jurisdiction, any rules and regulations thereunder, or any related or similar laws, rules, regulations, or guidelines, issued, administered, or enforced by any governmental agency or any such jurisdiction (collectively, the “Money Laundering or Anti-Corruption or Anti Bribery Laws”); and no action, suit, or proceeding with respect to the Money Laundering or Anti-Corruption or Anti Bribery Laws subsists, is pending or, to the Purchaser’s knowledge, threatened by or before any court or governmental agency, authority, or body, or any arbitrator involving the Purchaser or its respective directors, officers, employees, agents, affiliates, or other persons acting on behalf of the Purchaser.

r. The Purchaser is not (i) a person or entity named on the List of Specially Designated Nationals and Blocked Persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) or in any Executive Order issued by the President of the United States and administered by OFAC (“OFAC List”), or a person or entity prohibited by any OFAC sanctions program, (ii) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part 515, or (iii) a non-U.S. shell bank or providing banking services indirectly to a non-U.S. shell bank. None of the Purchaser’s directors, officers, agents, employees, or affiliates is currently subject to any sanctions adopted, administered or enforced by the United Nations, the United Kingdom, the European Union, Switzerland or the respective governmental institutions and agencies of any of the foregoing, or any other relevant sanctions authority. The Purchaser agrees to provide law enforcement agencies, if requested thereby, such records as required by applicable law, provided that the Purchaser is permitted to do so under applicable law. If the Purchaser is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the “BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT Act”), and its implementing regulations (collectively, the “BSA/PATRIOT Act”), the Purchaser maintains written policies and procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. To the extent required, it maintains policies and procedures reasonably designed for the screening of its investors against the OFAC sanctions programs, including the OFAC List To the extent required by applicable law, the Purchaser maintains policies and procedures reasonably designed to ensure that the funds held by the Purchaser and used to purchase the Purchased Shares and the Acquired Shares were legally derived.

s. The Purchaser has and will have sufficient unconditional funds (including with respect to the PRC Approvals) to enable it to pay the Purchase Price at the Closing and comply with its obligations under this Agreement.

t. The Purchaser understands that the foregoing representations and warranties shall be deemed material and to have been relied upon by the other parties hereto.

 

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9. Purchaser Covenant. Without prejudice to any other provision of this Agreement, Purchaser and its affiliates shall propose, negotiate, commit to and effect, and otherwise take or commit to take, any and all actions necessary or advisable or reasonably requested by the Company or Globetrotter in order to obtain before Closing all necessary consents, approvals, anti-trust approvals and clearances, regulatory clearances and applications and permits required by or from any governmental body in any jurisdiction, including without limitation the United States and the PRC Approvals, in each case if and to the extent any of the foregoing is or is determined to be required for Purchaser to enter into this Agreement or to complete the transactions contemplated hereby, including without limitation the Purchaser reducing, limiting or relinquishing (and committing or agreeing to do the same before Closing) any or all of Purchaser’s rights hereunder or in connection with its investment in the Company or, if requested by Globetrotter or the Company in order for the Purchaser to fulfill its obligations to enable the Closing to occur, otherwise agreeing to modify this Agreement or its investment in the Company, including without limitation by reducing its investment size or splitting the investment between the Purchaser and one or more affiliates (the identity of which will require Globetrotter’s prior written consent, such consent not to be unreasonably withheld).

10. Termination. This Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earlier to occur of (a) such date and time as the Transaction Agreement is terminated in accordance with its terms, (b) August 31, 2020 or (c) upon the mutual written agreement of each of the parties hereto to terminate this Agreement; provided, that nothing herein will relieve any party from liability for any willful breach hereof prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities or damages arising from such breach. The Company shall notify the Purchaser of the termination of the Transaction Agreement promptly after the termination of such agreement. This Agreement shall further terminate and be of no further force or effect, without any liability to any party hereto, if the Company notifies the Purchaser in writing that it has abandoned its plans to move forward with the Transaction and/or terminates the Purchaser’s obligations with respect to the purchase and sale hereunder without the delivery of the Acquired Shares having occurred.

11. Lock-up. For purposes of this Section 11, “Transfer” shall mean any act by Purchaser to sell, exchange, assign, transfer, convey or otherwise dispose of, encumber, pledge, convey or hypothecate, or agree to any of the above acts with respect to any legal or economic interest (including, without limitation, as part of a hedge), whether directly, indirectly, voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise, all or any (in whole or in part) of the Acquired Shares.

a. Subject to Section 11.b, Purchaser agrees that until the date that is eighteen (18) months after Closing, it will not Transfer any Shares without the prior written consent of Globetrotter.

b. Notwithstanding Section 11.a, Purchaser may, without the prior written consent of Globetrotter, effect a Transfer: (i) by way of acceptance of a public takeover offer, tender offer, merger, consolidation or similar business combination with a third party in respect of a change of control that results in all holders of Shares having the right to exchange their Shares for cash, securities or other property and is recommended by the board of the Company, (ii) if required by law or a governmental authority and (iii) to one or more of its affiliates.

12. Miscellaneous.

a. Neither this Agreement or any rights or obligations that may accrue to the Purchaser hereunder may be transferred or assigned, in whole nor in part, without the prior written consent of the Company and Globetrotter (the “Other Parties”); provided, that the Purchaser may assign and delegate its rights and obligations hereunder pursuant to a joinder to this Agreement in form and substance reasonably satisfactory to Globetrotter and the Company, to one or more of its subsidiaries, but such assignment shall not relieve the Purchaser from any of its obligations or liabilities hereunder (and provided that such subsidiary or subsidiaries to which Purchaser delegates its obligations are able to obtain the funds to pay the Purchase Price and pay the Purchase Price as and when the same is due and payable hereunder)); provided, further, that Globetrotter may assign and delegate its rights and obligations to Global Blue Holding L.P., and Global Blue Holding L.P. will assume such obligations with respect to any Target Shares to be held by it immediately before Closing pursuant to a joinder to this Agreement in form and substance reasonably satisfactory to the Purchaser.

b. The Other Parties may request from the Purchaser such additional information as any Other Party may deem necessary to evaluate the eligibility of the Purchaser to acquire the Purchased Shares, the Acquired Shares, and the Purchaser shall provide such information as may reasonably be requested, to the extent readily available and to the extent consistent with its internal policies and procedures. The Purchaser acknowledges that the Company and/or FPAC shall file a copy of this Agreement with the SEC.

 

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c. The Purchaser acknowledges that each of the Other Parties and others will rely on the acknowledgments, understandings, agreements, representations and warranties contained in this Agreement. The Other Parties acknowledge that the Purchaser and others will rely on the acknowledgments, understandings, agreements, representations and warranties contained in this Agreement.

d. Each of the Other Parties is entitled to rely upon this Agreement and is irrevocably authorized to produce this Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. The Purchaser shall consult with the Other Parties in issuing any press release or making any other similar public statement with respect to the transactions contemplated hereby, and the Purchaser shall not issue any such press release or make any such public statement without the prior consent (such consent not to be unreasonably withheld or delayed) of the Other Parties, provided that the consent of the Other Parties shall not be required if such disclosure is required by law, in which case the Purchaser shall promptly provide the other party with prior notice of such disclosure. The Other Parties shall not publicly disclose the name of the Purchaser or any affiliate or investment adviser of the Purchaser without the prior written consent (including by e-mail) of the Purchaser (such consent not to be unreasonably withheld or delayed), except as required by the federal securities laws, rules or regulations and to the extent such disclosure is required by other laws, rules or regulations, at the request of the staff of the SEC or regulatory agency or under New York Stock Exchange regulations, in which case the relevant Other Party, as the case may be, shall provide the Purchaser with prior written notice (including by e-mail) of such permitted disclosure, and shall reasonably consult with the Purchaser regarding such disclosure. Notwithstanding the foregoing, in connection with the announcement of the Transaction, the Other Parties may announce customary elements for transactions similar to the Transaction, including without limitation the Purchaser’s name, its investment in the Company (including investment amount) and/or that the Company and/or the Purchaser or their respective affiliates are pursuing a strategic partnership, and shall provide the Purchaser with prior written notice (including by e-mail) of such announcement and consult with the Purchaser regarding the same.

e. The agreements, representations and warranties made by each party hereto in this Agreement shall survive the Closing.

f. This Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party against whom enforcement of such modification, waiver, or termination is sought. No failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have hereunder.

g. This Agreement (and any other agreements executed and delivered in connection with the Transaction to which the Purchaser is party, if any) constitutes the entire agreement, and supersedes all other prior agreements, understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof. Each of the Target and FPAC shall be a third-party beneficiary of this Agreement. This Agreement shall not otherwise confer any third party beneficiary, or other rights or remedies upon any person other than the parties hereto, the Target and their respective successors and assigns.

h. Except as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements, representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon, such heirs, executors, administrators, successors, legal representatives and permitted assigns.

i. If any provision of this Agreement shall be adjudicated by a court of competent jurisdiction to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby and shall continue in full force and effect.

 

9


j. The parties acknowledge and agree that each of the Other Parties and/or one or more of their respective direct or indirect shareholders is or may be subject to supervision or regulation by a number of regulatory bodies including, but not limited to, the SEC and any other competent governmental authority, regulator, bank examiner, self-regulatory organization or stock or securities trading exchange. The parties also acknowledge and agree that each of the Other Parties is prohibited from entering into transactions with any party who is specifically listed on, or owned or controlled by a person specifically listed on, any sanctions list including the OFAC List maintained by OFAC or any similar public list maintained by, or public announcement of sanctions designation made by, any of the United States government, the United Nations, the United Kingdom, the European Union, Switzerland or the respective governmental institutions and agencies of any of the foregoing and nothing in this Agreement shall require any Other Party to take any act, make any omission, or enter into or deliver any document, asset, security or any other action whatsoever which would cause it to be in breach of any of the foregoing.

k. This Agreement may be executed in one or more counterparts (including by facsimile or electronic mail or in pdf) and by different parties in separate counterparts, with the same effect as if all parties hereto had signed the same document. All counterparts so executed and delivered shall be construed together and shall constitute one and the same agreement.

l. The parties hereto agree that irreparable damage would 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 an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, this being in addition to any other remedy to which such party is entitled at law, in equity, in contract, in tort or otherwise.

m. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THAT WOULD OTHERWISE REQUIRE THE APPLICATION OF THE LAW OF ANY OTHER STATE. EACH PARTY HERETO HEREBY WAIVES ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY.

n. Any action based upon, arising out of or related to this Agreement, or the transactions contemplated hereby, shall be brought in any federal or state court located in New York County, New York, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, agrees that all claims in respect of the action shall be heard and determined only in any such court, agrees that service of process upon such party in any such action shall be effective if given as may be permitted by applicable law, and agrees not to bring any action arising out of or relating to this Agreement or the transactions contemplated hereby in any other court. Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by law, or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any action brought pursuant to this Section 12.n.

o. For purposes of this Agreement, the term “business day” means each day that is not a Saturday, Sunday or other day on which banking institutions located in New York, New York, and Hong Kong are authorized or obligated by law or executive order to close.

p. Each party acknowledges that it is not relying upon, and has not relied upon, any statement, representation or warranty made by any person, firm or corporation (including, without limitation, the Company, Globetrotter, Purchaser, any of their respective affiliates or any of its or their control persons, officers, directors and employees, in each case as applicable), other than the statements, representations and warranties contained in this Agreement, in making its investment or decision to invest in the Company. Each party agrees that the other party, its respective affiliates or any of its affiliates’ control persons, officers, directors or employees, as applicable, shall not be liable to any other person pursuant to any other agreement related to the private placement of the Shares for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Shares, except in each case for fraud.

[SIGNATURE PAGES FOLLOW]

 

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IN WITNESS WHEREOF, the Purchaser has executed or caused this Agreement to be executed by its duly authorized representative as of the date set forth below.

 

Name of Purchaser: Antfin (Hong Kong) Holding Limited       State/Country of Formation or Domicile:
      Hong Kong

 

By:  

/s/ Leiming Chen

Name:   Leiming Chen
Title:   Director

 

Name in which Acquired Shares are to be registered (if different):      Date: January 15th, 2020
Purchaser’s EIN:     
69906700     
Business Address-Street:      Mailing Address-Street (if different):

26/F., Tower One, Times Square,

1 Matheson Street,

    

 

Causeway Bay     

 

 

 

    

 

    
City, State, Zip:      City, State, Zip:
Hong Kong     

 

Attn: Gary Liu      Attn:                                                                                           
Telephone No.: +852 2215 5437      Telephone No.:
Facsimile No.: +852 2215 5200      Facsimile No.:
Number of Acquired Shares: 12,500,000     
Aggregate Contribution Purchase Price: $125,000,000      Price Per Share: $10

 

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IN WITNESS WHEREOF, the Company and Globetrotter have accepted this Agreement as of the date first set forth above.

 

GLOBAL BLUE GROUP HOLDING AG

By:

Name:

 

/s/ Joseph Osnoss

  Joseph Osnoss
Title:   Director

 

 

[Signature Page to PIPE Purchase Agreement (Ant)]


SL GLOBETROTTER, L.P.
By: SL Globetrotter GP, Ltd., its general partner
By:  

/s/ Joseph Osnoss

Name:   Joseph Osnoss
Title:   Managing Director

 

[Signature Page to PIPE Purchase Agreement (Ant)]


SCHEDULE A

ELIGIBILITY REPRESENTATIONS OF PURCHASER

 

A.

QUALIFIED INSTITUTIONAL BUYER STATUS

(Please check the applicable subparagraphs):

☒ We are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act (a “OIB”)).

 

B.

INSTITUTIONAL ACCREDITED INVESTOR STATUS

(Please check the applicable subparagraphs):

 

  1.

☒ We are an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act or an entity in which all of the equity holders are accredited investors within the meaning of Rule 501(a) under the Securities Act, and have marked and initialed the appropriate box on the following page indicating the provision under which we qualify as an “accredited investor.”

 

  2.

☒ We are not a natural person.

This page should be completed by Purchaser

and constitutes a part of the Agreement.

 

A-l


Rule 501(a), in relevant part, states that an “accredited investor” shall mean any person who comes within any of the below listed categories, or who the issuer reasonably believes comes within any of the below listed categories, at the time of the sale of the securities to that person. Purchaser has indicated, by marking and initialing the appropriate box below, the provision(s) below which apply to Purchaser and under which Purchaser accordingly qualifies as an “accredited investor.”

☐ Any bank, registered broker or dealer, insurance company, registered investment company, business development company, or small business investment company;

☐ Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000;

☐ Any employee benefit plan, within the meaning of the Employee Retirement Income Security Act of 1974, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5,000,000;

☒ Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

☐ Any trust with assets in excess of $5,000,000, not formed to acquire the securities offered, whose purchase is directed by a sophisticated person; or

☐ Any entity in which all of the equity owners are accredited investors meeting one or more of the above tests.

 

A-2


SCHEDULE B

Zeichnungsschein

Subscription form

Die Unterzeichnete zeichnet hiermit in Kenntnis des Beschlusses der ausserordentliche Generalversammlung Global Blue Group Holding AG, mit Sitz in Wangen-Brüttisellen, Schweiz, vom [●] Januar 2020 betreffend ordentliche Kapitalerhöhung von CHF [●] um CHF [●] auf CHF [●] durch Ausgabe von [●]0 Namenaktien zu je CHF 0.01 Nennwert (“Neue Namenaktien”) zum Ausgabepreis je Neue Namenaktie von CHF [●] [gerundet]:

The undersigned herewith subscribes in consideration of the resolution of the extraordinary general meeting of Global Blue Group Holding Ltd, Wangen-Brüttisellen, Switzerland, dated [] January 2020 regarding the ordinary increase of the share capital from CHF [●] by CHF [●] to CHF [●] by issuance of [] registered shares with a nominal value CHF 0.01(“New Registered Shares”) at an issue price for each New Registered Share of CHF [●] [(rounded)]:

Zeichnung durch die Unterzeichnete / Subscription by the Undersigned:

Ausgabepreis (total) (CHF) / Issue price (total) (CHF)

CHF [●]

Anzahl Neue Namenaktien / Number of New Registered Shares

[●] Neue Namenaktien / New Registered Shares

Die Zeichnerin tilgt den gesamten Ausgabepreis für die durch sie gezeichneten Neuen Namenaktien gemäss Sacheinlagevertrag vom [●] 2020 durch Sacheinlage von [●] Namenaktien mit einem Nennwert von CHF 0.01 der Global Blue Group AG mit Sitz in Wangen-Brüttisellen, Schweiz, . Die Zeichnerin verpflichtet sich hiermit bedingungslos zur Leistung der entsprechenden Sacheinlage.

The subscriber shall pay the aggregate issue price of the New Shares subscribed by it pursuant to the contribution in kind agreement dated [] 2020 by way of contribution in kind of [] registered shares of CHF 0.01 nominal value each of Global Blue Group AG, Wangen-Brüttisellen, Switzerland. The subscriber unconditionally undertakes to provide this contribution in kind.

Dleser Zeichnungsschein ist gültig bis und mit [●].2020.

This subscription form expires on the day after [] 2020.

[Unterschriften auf der Folgeseite]

[Signatories on next page]


Unterschriften / Signatories

[●] 2020

[insert company name of the subscriber]
 

 

By: [●insert name(s) of the signatory/-ies]


Sacheinlagevertrag / Contribution Agreement

SCHEDULE C

SACHEINLAGEVERTRAG

CONTRIBUTION IN KIND AGREEMENT

datiert per

dated as per

[●] 2020

zwischen

between

[name of contributor], [address]

(“Sacheinleger”

“Contributor in Kind”)

und

and

Global Blue Group Holding AG, Zürichstrasse 38, 8306 Brüttisellen, Schweiz / Switzerland

(“GBGHAG”)

betreffend

regarding

Sacheinlage von Namenaktien der Global Blue Group AG

Contribution in Kind of Registered Shares of Global Blue Group AG


Die Parteien vereinbaren was folgt / IT IS AGREED as follows:

 

1.

ÜBERTRAGUNG VON GESELLSCHAFTSANTEILEN

TRANSFER OF SHARES

Der Sacheinleger überträgt und GBGHAG übernimmt hiermit insgesamt die folgenden Gesellschaftsanteile an der folgenden Gesellschaft zu folgendem gesamten Übernahmepreis gegen Ausgabe von folgenden Neuen Namenaktien:

The Contributor in Kind transfers and GBGHAG receives hereby in the aggregate the following shares in the following company at the following total transfer price against the issuance of the following New Registered Shares:

 

Sacheinlage durch Einlage der folgenden Anteile (Anteile) / Contribution in kind by contribution of the following shares (“Shares”):    [●] Namenaktien mit einem Nennwert von je CHF 0.01, [] registered shares with a nominal value of CHF 0.01 each
Anteile der folgenden Gesellschaft (“GBAG”) / Shares in the following company (GBGAG):    Global Blue Group AG, Zürichstrasse 38, 8306 Brüttisellen, Schweiz / Global Blue Group AG, Zürichstrasse 38, 8306 Brüttisellen Switzerland
Anzahl Neue Namenaktien der Gesellschaft / number of New Registered Shares in the Company:    [●]
Nennwert je Neue Namenaktie / nominal value of each New Registered Share:    CHF 0.01
Ausgabepreis je Neue Namenaktie / issue price of for each New Registered Share:    CHF [●]
Gesamter Ausgabepreis für alle Neuen Namenaktien / aggregate issue price of all New Registered Shares:    CHF [●]

 

2.

RECHTSWIRKSAMKEIT UND VERFÜGUNGSMACHT

LEGAL EFFECTIVENESS AND AUTHORITY TO DISPOSE

Die Anteile des Sacheinlegers werden mittels Sacheinlage gemäss Art. 652c in Verbindung mit Art. 628 bzw. Art. 634 des Schweizerischen Obligationsrechts (OR) auf die GBGHAG übertragen. GBGHAG kann mit der Eintragung der Kapitalerhöhung ins Handelsregister sofort über die Anteile frei verfügen.

 

2


The Shares of the Contributor in Kind shall be transferred to GBGHAG by a contribution in kind pursuant to art. 652c in connection with art. 628 resp. art. 634 of the Swiss Code of Obligations (CO). GBGHAG may freely dispose of the Shares directly after the registration of the capital increase in the Commercial Register.

 

3.

ÜBERNAHMEPREIS

ACQUISITION PRICE

Die Gegenleistung von CHF [●] in Anteilen wird getilgt durch Ausgabe an den Sacheinleger von [●] voll liberierten Neuen Namenaktien der GBGHAG (mit einem Nennwert von je CHF 0.01), entsprechend einem Gesamtnennwert von CHF [●] (zu einem Ausgabepreis von CHF [●] pro Neue Namenaktie). Der den Nennwert der Neuen Namenaktien übersteigende Betrag von CHF [●] (Agio) wird von dem Sacheinleger der GBGHAG als Zuschuss in die Kapitaleinlagereserven eingebracht.

The total consideration of CHF [] as Shares is settled by the issuance to the Contributor in Kind of a total of [] fully paid-in New Registered Shares in GBGHAG (with a nominal value of CHF 0.01 each), corresponding to an aggregate nominal value of CHF [] (at an issue price of CHF [] per New Registered Share). The amount of CHF [], which exceeds the nominal value of the New Registered Shares, is contributed by the Contributor in Kind as contribution to the capital contribution reserves.

 

4.

GEWÄHRLEISTUNGEN

REPRESENTATIONS AND WARRANTIES

Der Sacheinleger leistet hiermit Gewähr, dass die von ihm zu übertragenden Anteile rechtsgültig ausgegeben und voll einbezahit sind sowie im unbeschwerten Eigentum des Sacheinlegers und frei von jeglichen Rechten (insbesondere Pfandrechten) Drifter sind.

The Contributor in Kind hereby represents and warrants that the Shares to be transferred by it are duly issued and fully paid-in and that the Contributor in Kind has full title to the Shares free and clear from all rights (in particular liens) of third parties.

 

5.

VERTRAGSSPRACHE

LANGUAGE OF THE AGREEMENT

Falls sich zwischen der deutschen und der englischen Fassung dieses Vertrags Abweichungen ergeben, gilt die deutsche Fassung.

In the event of deviations between the English and the German version of this agreement, the German version shall prevail.

 

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6.

ANWENDBARES RECHT UND GERICHTSSTAND

GOVERNING LAW AND JURISDICTION

Dieser Vertrag untersteht materiellem Schweizer Recht, unter Ausschluss der Bestimmungen des Wiener Kaufrechts vom 11. April 1980.

This Agreement shall be governed by and construed in accordance with the substantive laws of Switzerland, with the exclusion of the Vienna Convention on the International Sale of Goods dated April 11, 1980.

Alle sich aus oder in Zusammenhang mit diesem Vertrag ergebenden Differenzen sind ausschliesslich den ordentlichen Gerichten am Sitz der Gesellschaft zu unterbreiten.

All disputes arising out of or in connection with this Agreement shall be resolved exclusively by the ordinary courts at the registered office of the Company.

*    *    *

 

4


UNTERSCHRIFTEN / SIGNATORIES

[insert Company Name of the Contributor]

 

 

By: [●insert name]

 

5


Sacheinlagevertrag / Contribution Agreement

 

Global Blue Group Holding AG

 

By:


No Offer or Solicitation

This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.

Forward-Looking Statements

This communication includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. When used herein, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Far Point’s or Global Blue’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination; the ability to meet NYSE’s listing standards following the consummation of the transaction contemplated by the proposed business combination; costs related to the proposed business combination; Global Blue’s ability to execute on its plans; Global Blue’s estimates of the size of the markets for its solutions; Global Blue’s ability to identify and integrate acquisitions; the performance and security of Global Blue’s services; potential litigation involving Far Point or Global Blue; and general economic and market conditions impacting demand for Global Blue’s services. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. Neither Far Point nor Global Blue undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additional risks and uncertainties are identified and discussed in Far Point’s reports filed with the SEC and available at the SEC’s website at http://www.sec.gov.

Non-GAAP Financial Measures

Pro forma Adjusted EBITDA is a non-GAAP financial measure that is not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and may be different from non-GAAP financial measures used by other companies. This non-GAAP financial measure should not be construed as an alternative to net income as an indicator of operating performance or as an alternative to cash flow provided by operating activities as a measure of liquidity (each as determined in accordance with GAAP).

Additional Information and Disclaimer

In connection with the business combination, an affiliate of Global Blue intends to file with the Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 (the “Registration Statement”), which will include a preliminary proxy statement of Far Point and a prospectus in connection with the business combination. The definitive proxy statement/prospectus and other relevant documents will be mailed to stockholders of Far Point as of a record date to be established for voting on the business combination. Stockholders of Far Point and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus,


and amendments thereto, and the definitive proxy statement/prospectus in connection with Far Point’s solicitation of proxies for the special meeting to be held to approve the business combination because these documents will contain important information about Far Point, Global Blue, and the business combination. Stockholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, by directing a request to: Far Point Acquisition Corporation, 18 West 18th Street, New York, NY 10011. These documents, once available, and Far Point’s annual and other reports and proxy statements filed with the SEC can also be obtained, without charge, at the SEC’s internet site (http://www.sec.gov).

Far Point, Global Blue and their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the stockholders of Far Point in connection with the business combination transaction. Stockholders of Far Point and other interested persons may obtain more information regarding the names and interests in the proposed transaction of Far Point’s directors and officers in Far Point’s filings with the SEC, including Far Point’s Annual Report on Form 10-K for the year-ended December 31, 2018, which was filed with the SEC on March 29, 2019. Additional information regarding the interests of such potential participants in the solicitation process will also be included in the Registration Statement (and will be included in the definitive proxy statement/prospectus) and other relevant documents when they are filed with the SEC.

 

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