Schultze Special Purpose Acquisition Sponsor, LLC - Feb 2, 2022 Form 4 Insider Report for Clever Leaves Holdings Inc. (CLVR)

Role: 10%+ Owner
Signature: Schultze Special Purpose Acquisition Sponsor, LLC, By: Schultze Asset Management, LP, its manager, By: Schultze Asset Management GP, LLC, its general partner, By: /s/ George J. Schultze, Managing Member
Stock symbol: CLVR
Transactions as of: Feb 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/4/2022, 04:07 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CLVR	Warrants	Other		-4.9M	-100%		0	Feb 2, 2022	Common shares	4.9M	$11.50	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Schultze Special Purpose Acquisition Sponsor, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Schultze Special Purpose Acquisition Sponsor, LLC (the "Sponsor") entered into a Waiver of Certain Rights (the "Waiver") with the Issuer on February 2, 2022 (the "Waiver Date"), pursuant to which, among other matters, the Sponsor waived its right to exercise any of its 4,900,000 warrants to purchase common shares, which waiver shall terminate upon 61 days' prior written notice to the Issuer. As such warrants are not exercisable within 60 days under the terms of the Waiver, as of the Waiver Date, the common shares underlying such warrants are no longer beneficially owned by the Sponsor.
F2	The securities are held directly by the Sponsor and indirectly by George J. Schultze, who controls both Schultze Asset Management, LP, the manager of the Sponsor, and Schultze Master Fund, Ltd, the majority owner of the Sponsor. Mr. Schultze disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Content

Schultze Special Purpose Acquisition Sponsor, LLC (the "Sponsor") entered into a Waiver of Certain Rights (the "Waiver") with the Issuer on February 2, 2022 (the "Waiver Date"), pursuant to which, among other matters, the Sponsor waived its right to exercise any of its 4,900,000 warrants to purchase common shares, which waiver shall terminate upon 61 days' prior written notice to the Issuer. As such warrants are not exercisable within 60 days under the terms of the Waiver, as of the Waiver Date, the common shares underlying such warrants are no longer beneficially owned by the Sponsor.

The securities are held directly by the Sponsor and indirectly by George J. Schultze, who controls both Schultze Asset Management, LP, the manager of the Sponsor, and Schultze Master Fund, Ltd, the majority owner of the Sponsor. Mr. Schultze disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.