0001628280-20-003690 Sample Contracts

FORM OF RANPAK HOLDINGS CORP. 2019 OMNIBUS INCENTIVE PLAN RESTRICTED STOCK UNIT AWARD AGREEMENT
Restricted Stock Unit Award Agreement • March 17th, 2020 • Ranpak Holdings Corp. • Converted paper & paperboard prods (no contaners/boxes) • Delaware

THIS AGREEMENT (the “Agreement”) is made and effective as of [ , 2020] (the “Date of Grant”) by and between Ranpak Holdings Corp., a Delaware corporation (with any successor, the “Company”), and [•] (the “Participant”) pursuant to the Ranpak Holdings Corp. 2019 Equity Incentive Plan (as it may be amended from time to time, the “Plan”). Except as otherwise indicated, any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan.

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SEVERANCE AND NON-COMPETITION AGREEMENT WITH
Severance and Non-Competition Agreement • March 17th, 2020 • Ranpak Holdings Corp. • Converted paper & paperboard prods (no contaners/boxes) • Ohio

This Severance and Non-Competition Agreement (this "Agreement") is entered into between Ranpak Corp., an Ohio corporation (the"Company"), and Michele Smolin ("Executive,,.") as of this 29th day of October, 2018.

EMPLOYMENT AGREEMENT WITH
Employment Agreement • March 17th, 2020 • Ranpak Holdings Corp. • Converted paper & paperboard prods (no contaners/boxes)
SEVERANCE AND NON-COMPETITION AGREEMENT WITH
Severance and Non-Competition Agreement • March 17th, 2020 • Ranpak Holdings Corp. • Converted paper & paperboard prods (no contaners/boxes) • Ohio

This Severance and Non-Competition Agreement (this “Agreement”) is entered into between Ranpak PTE. LTD., a corporation organized under the laws of Singapore (the “Company”), and Antonio Grassotti (“Executive”) as of this __01_ day of November, 2015.

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