# EDGAR Filing Document

**Accession Number:** 0001838163
**File Stem:** 0001493152-26-019778
**Filing Date:** 2026-4
**Character Count:** 206937
**Document Hash:** 9a9dffa149f35c15c83e816afcafcb16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-019778.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001493152-26-019778

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260430

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Brand Engagement Network Inc.
- **CENTRAL INDEX KEY:** 0001838163
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40130
- **FILM NUMBER:** 26920345

**BUSINESS ADDRESS:**
- **STREET 1:** 300 DELAWARE AVE
- **STREET 2:** SUITE 210 #409
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801
- **BUSINESS PHONE:** 307-757-3650

**MAIL ADDRESS:**
- **STREET 1:** 300 DELAWARE AVE
- **STREET 2:** SUITE 210 #409
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DHC Acquisition Corp.
- **DATE OF NAME CHANGE:** 20201229

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or Section 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **April 30, 2026**

**Brand Engagement Network Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40130** | **98-1574798** |
| (State or other jurisdiction of<br> incorporation or organization) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **300 Delaware Ave,**<br> **Suite 210**<br> **Wilmington, DE** | **19801** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(307) 757-3650**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 per share | BNAI | The Nasdaq Stock Market LLC |
| Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share | BNAIW | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01. Entry into a Material Definitive Agreement.**

On April 30, 2026, Brand Engagement Network Inc., a Delaware corporation (the "Company") entered into a Share Purchase and Transfer Agreement with Christian Unterseer, in his individual capacity ("Unterseer"), CUTV GmbH, a limited liability company incorporated under the laws of the Federal Republic of Germany ("CUTV"), Cuneo AG, a stock corporation incorporated under the laws of the Federal Republic of Germany ("Cuneo"), and GForce 112 GmbH, a limited liability company incorporated under the laws of the Federal Republic of German ("GForce" and together with Unterseer, CUTV and Cuneo, the "Sellers") (the "Purchase Agreement") pursuant to which the Sellers have agreed to sell all of the outstanding equity interests of Cataneo GmbH, a limited liability company incorporated under the laws of the Federal Republic of Germany ("Cataneo") to the Company for an aggregate purchase price of $19.5 million, consisting of (i) $9 million in cash, and (ii) 250,792 shares of the Company's common stock, par value $0.0001 per share ("BEN Common Stock" and such 250,792 shares of BEN Common Stock, the "Equity Consideration") at an agreed upon value of $37.88 per share (the transactions governed by the Purchase Agreement, the "Acquisition"), subject to customary adjustments and offsets as further described herein. Additionally, an aggregate of 26,399 shares of BEN Common Stock issued as part of the Equity Consideration shall be subject to an escrow arrangement for a period of one year (the "Escrow Period") following Closing Date (the "Escrow Shares"). The Escrow Shares may be utilized to offset certain claims, fines, penalties, outstanding debts or other costs owed by the Sellers following the Closing Date.

The Purchase Agreement contains customary representations, warranties and covenants, as well as indemnification provisions subject to specified limitations. Among other things, the Sellers have agreed, subject to certain exceptions, to cause Cataneo to conduct its business in the ordinary course, consistent with past practice, from the date of the Purchase Agreement until the Closing Date and not to take certain actions prior to the Closing Date without the prior written consent of the Company.

The transaction is expected to close on June 30, 2026 and is subject to conditions, including, (i) written confirmation that the Company has not received any delisting notice or similar notification affecting its listing status with the NASDAQ, (ii) the receipt of customary third-party approvals and the release of the Sellers from customary bank guarantees, securities and indemnities, (iii) the amending of Cataneo's fiscal year to end on June 30 of each calendar year, and (iv) the completion of the Company's due diligence investigation of Cataneo (collectively, the "Closing Conditions").

In connection with the signing, the Company paid to Sellers $1 million in cash. The Company has secured capital commitments of $8 million to fund the remaining cash consideration, $500,000 of which has funded via the sale of common stock at a price of $39.59 per share and warrants exercisable in one year for $39.59 per share of common stock and the remainder of which will fund prior to closing.

The Purchase Agreement contains certain customary termination rights for the Company and the Sellers, including the right to terminate the Purchase Agreement if (i) not all of the Closing Conditions have been satisfied by June 30, 2026, (ii) by Sellers if Buyer has not performed all of its Closing Actions (as defined therein) within ten business days of the Closing Date, or (iii) the registration process of the Equity Consideration has not been initiated prior to June 30, 2026 to the satisfaction of the Sellers. Notwithstanding any termination right, any party may seek specific performance of the other parties to the Purchase Agreement. In the event the Purchase Agreement is terminated by the Buyers by virtue of Sellers' fault or by Sellers by virtue of the Sellers' failure to obtain the necessary consents, approvals, or waivers or to change Cataneo's fiscal year end to June 30, the Sellers shall return any consideration paid by Buyer within 10 business days.

The Purchase Agreement is filed herewith as Exhibit 2.1 to provide investors with information regarding its terms. It is not intended to provide any other factual information about the Company, Cataneo or their respective subsidiaries and affiliates. The Purchase Agreement contains representations and warranties of each of the parties to the Purchase Agreement, which were made only for purposes of the Purchase Agreement and as of specified dates therein. The representations, warranties and covenants in the Purchase Agreement were made solely for the benefit of the parties to the Purchase Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk between the parties to the Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company, Cataneo or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of the representations, warranties and covenants may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures. The Purchase Agreement should not be read alone, but should instead be read in conjunction with the other information regarding the Company that is or will be contained in, or incorporated by reference into, the Company's Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents that the Company files with the SEC.

The foregoing description of the Purchase Agreement and the transactions contemplated thereby is only a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is attached as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

**Item 3.02. Unregistered Sales of Equity Securities.**

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in response to this Item 3.02. The issuance of the Equity Consideration will be completed in reliance upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), provided by Section 4(a)(2) thereof as a transaction by an issuer not involving any public offering.

**Item 7.01. Regulation FD Disclosure.**

On April 30, 2026, the Company issued a press release announcing the execution of the Purchase Agreement. A copy of the press release announcing the proposed transaction is furnished as Exhibit 99.1 hereto. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Item 7.01, including the exhibit incorporated by reference herein, shall not be incorporated by reference into any filing under the Securities Act, regardless of any incorporation by reference language in any such filing, except as shall be expressly set forth by specific reference in such a filing. The furnishing of the press release is not intended to, and does not, constitute a determination or admission by the Company that the information in the press release is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company or any of its affiliates.

**Forward-Looking Statements**

Certain disclosures in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Acquisition, the ability of the parties to consummate the Acquisition in a timely manner or at all, the ability of the Company to obtain financing for the Acquisition on favorable terms or at all, the achievement by the Company of the intended synergies and benefits of the Acquisition, the Company's business outlook, industry, business strategy, plans, goals and expectations concerning the Company's market position, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this report. Forward-looking statements reflect the Company's current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although the Company believes the expectations reflected in the forward-looking statements are reasonable, the Company can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from the Company's expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, (i) uncertainties as to the timing of the Acquisition; (ii) the risk that the Acquisition may not be completed on the anticipated terms in a timely manner or at all; (iii) the failure to satisfy any of the conditions to the consummation of the Acquisition, including the ability to obtain financing to fund the Acquisition on terms that are agreeable to the parties or at all; (iv) the possibility that any or all of the various conditions to the consummation of the Acquisition may not be satisfied or waived, including the failure to receive major shareholder guarantees, or that any required regulatory approvals from any applicable governmental entities may not be obtained (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (vi) the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on the Company's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from the Company's ongoing business operations; (viii) uncertainty as to the timing of completion of the Acquisition; and (ix) risks that the benefits of the Acquisition are not realized when and as expected. Additional information concerning these and other factors can be found under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC and in the Company's Quarterly Reports on Form 10-Q. Any one of these factors or a combination of these factors could materially affect the Company's financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. The Company's forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

**Item 9.01 Exhibits and Financial Statements.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 2.1\* | [Share Purchase and Transfer Agreement, dated April 30, 2026, by and among Brand Engagement Network Inc., Christian Unterseer, CUTV GmbH, Cuneo AG and GForce 112 GmbH.](ex2-1.htm) |
| 99.1 | [Press Release, dated April 30, 2026](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Certain of the schedules and exhibits to the agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request; provided, however, that the parties may request confidential treatment for certain portions of the agreement pursuant to Rule 24b-2 of the Exchange Act, for any document so furnished.

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Brand Engagement Network Inc.** | **Brand Engagement Network Inc.** |
| Dated: April 30, 2026 | By: | */s/ Tyler Luck* |
|  | Name: | Tyler Luck |
|  | Title: | Acting Chief Executive Officer |

---

## Exhibit 2.1

**Exhibit 2.1**

30 April 2026

**Share Purchase and Transfer Agreement**

**Cataneo GmbH**

**Share Purchase and Transfer Agreement**

between

1. **Christian Unterseer**, Baumgartenstr.
 30a, 83607 Holzkirchen, Germany

- hereinafter "**Seller 1"** -

2. **CUTV GmbH**, a limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated under the Laws of Germany, having its registered seat in Munich, Germany, registered with the commercial register of the local court of Munich under no. HRB 170892, with business address at Rosenheimer Str. 145d, 81671 Munich, Germany

- hereinafter "**Seller 2**" -

3. **Cuneo AG**, a
 stock corporation (*Aktiengesellschaft*) incorporated under the Laws of Germany, having its registered seat in Grünwald,
 Landkreis München, Germany, registered with the commercial register of the local court of Munich under no HRB 132321, with business
 address at Schloßstr. 19, 82031 Grünwald, Germany

- hereinafter "**Seller 3"** -

- Parties 1. to 3. hereinafter each individually a<br> "**Seller**" and together the "**Sellers**" -

4. **GForce 112 GmbH**, a limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated under the Laws of Germany, having its registered seat in Frankfurt am Main, Germany, registered with the commercial register (*Handelsregister*) of the local court (*Amtsgericht*) of Frankfurt am Main under no. HRB 141591, with business address at Friedrich-Ebert-Anlage 56, 60325 Frankfurt am Main, Germany

- hereinafter "**Buyer**"

and

5. **Brand Engagement Network Inc.**, a corporation incorporated under the Laws of the State of Delaware, USA, with registered business address 300 Delaware Ave, Suite 210, Wilmington, DE 19801, USA, registered with the Secretary of State of the State of Delaware under File Number 3191463

- hereinafter "**Brand Engagement Network**" or "**BEN**"-

- Parties 1. to 5. hereinafter each individually a<br> "**Party**" and together the "**Parties**" -

1 / 62

**Table of Contents**

**I.** **Interpretation; Definitions and Exhibits** **8** 

**1.** **Interpretation** 8

**2.** **Definitions; Exhibits** **9** 

**II.** **Sale and Transfer of the Shares; Consideration** **9** 

**3.** **Sale of the Shares** **9** 

**4.** **Transfer of the Shares** **9** 

**5.** **Effective Date** **10** 

**6.** **Consideration** **10** 

6.1. Consideration 10

6.2. Effective
 Date Cash, Effective Date Financial Debt, Effective Date Working Capital 13

6.3. Adjustment
 Amount, Effective Date Balance Sheet 14

6.3.1. Preparation
 of the Effective Date Balance Sheet 14

6.3.2. Review
 by Buyer 15

6.3.3. Dispute
 Resolution 15

6.3.4. Final
 Effective Date Balance Sheet 17

6.3.5. Costs
 and Expenses 17

6.3.6. Payment
 of the Adjustment Amount 18

6.4. Third-Party
 Payment and Delivery 18

6.5. Severance
 Payment Thomas Brönauer 19

**7.** **Consideration Allocation; VAT** **19** 

**8.** **Payments** **20** 

**9.** **Financing Commitment** **21** 

2 / 62

**III.** **Separation from Sellers** **21** 

**10.** **Pre-Closing Obligations of Sellers** **21** 

**11.** **Separation Measures and Costs** **22** 

**IV.** **Closing the Transaction** **23** 

**12.** **Conditions to Closing** **23** 

12.1. Closing
 Conditions 23

12.2. Satisfaction
 and Waiver of Closing Conditions 24

**13.** **Closing** **24** 

13.1. Closing
 Date 24

13.2. Closing
 Actions 24

13.3. Waiver
 of Closing Actions; Closing Memorandum 25

13.4. Withdrawal
 prior to Closing 26

13.5. Post-Closing
 Registration of Consideration Shares 27

**V.** **Representations and Warranties** **29** 

**14.** **Representations and Warranties of Sellers** **29** 

14.1. General
 provisions 29

14.2. Authority
 of Sellers 29

14.3. No
 Conflicts or Consents 30

14.4. Required
 Approval 30

14.5. Existence
 of the Affiliate Companies, Title to Shares 30

14.6. No
 Insolvency 30

14.7. No
 Enterprise Agreements 31

14.8. Financial
 Statements 31

14.9. Undisclosed
 Off-Balance Sheet Liabilities, Finder's Fees, Security Rights 31

14.10. Financial
 results 2026 31

14.11. Material
 Contracts 32

3 / 62

14.12. Real
 Property; Title to Assets 33

14.13. Business
 Securities 34

14.14. Intellectual
 Property 34

14.15. Information
 Technology Systems; Information Technology Agreements 36

14.16. Insurance 37

14.17. Litigation;
 Governmental Orders; Third Party Claims 37

14.18. Compliance
 with Laws; Permits 38

14.19. Data
 Protection 39

14.20. Employment
 Matters 39

14.21. Full
 Disclosure 40

14.22. Sellers
 as Investor in Consideration Shares 40

**15.** **Buyer's Remedies** **41** 

15.1. Buyer
 Claims 41

15.2. Exclusion
 of Buyer Claims 42

15.3. Prohibiting
 Double Recovery 43

**16.** **Claim Procedures** **43** 

16.1. Buyer
 Claim Procedure 43

16.2. Third
 Party Claim Procedure 44

**17.** **Limitation of Claims** **45** 

17.1. Exclusive
 Regime 45

17.2. De
 minimis, Basket, Cap 45

17.3. Time
 Limitations 46

17.4. Intentional
 or Fraudulent Behavior 46

**18.** **Representations and Warranties of Buyer and BEN** **46** 

**VI.** **Covenants** **50** 

**19.** **Conduct of Business until Closing** **50** 

4 / 62

**20.** **Further Assurances** **52** 

**VII.** **Tax Matters** **53** 

**21.** **Tax Representations** **53** 

**22.** **Tax Indemnification** **53** 

**23.** **Tax Refunds** **55** 

**24.** **As if-Assessment, Pro-Rata Share and Treatment of Payments** **55** 

**25.** **Cooperation on Tax Matters** **56** 

**26.** **Survival** **57** 

**VIII.** **Indemnification** **58** 

**27.** **Indemnification by Sellers** **58** 

**IX.** **Miscellaneous** **59** 

**28.** **Expenses, Interest** **59** 

**29.** **Notices** **59** 

**30.** **Notice Changes** **60** 

**31.** **Severability** **60** 

**32.** **Entire Agreement** **61** 

**33.** **No Set-off** **61** 

**34.** **Successors and Assigns** **61** 

**35.** **Amendment and Modification; Waiver** **61** 

**36.** **Announcements** **62** 

**37.** **Governing Law** **62** 

**38.** **Submission to Jurisdiction** **62** 

5 / 62

**List of definitions**

---

| | | | |
|:---|:---|:---|:---|
| Actions | 37 | Effective Date Financial Debt | 13 |
| Adjustment Amount | 18 | Effective Date Working Capital | 13 |
| Affiliates | 7 | Effective Date Working Capital Shortfall | 13 |
| Base Amount | 10 | Effective Date Working Capital Surplus | 13 |
| BEN | 7 | Employee Benefits | 39 |
| BEN's SEC Documents | 46 | Encumbrance | 9 |
| BNAI Common Stock | 46 | Equity Consideration | 11 |
| Brand Engagement Network | 7 | Escrow Period | 11 |
| Business | 7 | Escrow Shares | 11 |
| Buyer Claims | 41 | Exchange Act | 48 |
| Buyer Indemnities | 58 | Fairly Disclosed | 43 |
| Buyer Warranties | 46 | Final Effective Date Balance Sheet | 17 |
| Buyer's Account | 20 | Financial Statements | 31 |
| Calculation Adjustment Amount | 14 | Fiscal Year Indemnification | 58 |
| Cap | 45 | Fiscal Year Matter | 58 |
| Cash Consideration | 11 | Fundamental Buyer Warranties | 49 |
| Cataneo | 7 | Fundamental Warranties | 45 |
| Cataneo VSOP | 7 | Indemnification CAP | 64 |
| Cataneo, d.o.o. | 7 | Information Technology Systems | 36 |
| Closing | 24 | Insurance Policies | 37 |
| Closing Actions | 24 | Intellectual Property | 34 |
| Closing Conditions | 23 | Investment Company | 49 |
| Closing Date | 24 | Key Employees | 39 |
| Closing Memorandum | 25 | Knowledge of Buyer | 49 |
| Closing Shares | 11 | Knowledge of Sellers | 29 |
| Company | 7 | Leased Real Property | 33 |
| Company Intellectual Property | 35 | LoI | 11 |
| Company IP Registrations | 34 | Losses | 42 |
| Confirmatory Due Diligence | 23 | Material Contracts | 32 |
| Consents | 23 | Neutral Expert | 15 |
| Consideration | 10 | Offset Amount | 12 |
| Consideration Shares | 11 | Owned IP Rights | 34 |
| Contentmarket | 7 | Partners | 32 |
| Critical Technologies | 49 | PEA | 27 |
| Data Room | 43 | Pension Commitments | 39 |
| Data Room Documents | 43 | Preferred Stock | 47 |
| De Minimis Amount | 45 | Preliminary Closing Consideration | 11 |
| Deductible Amount | 45 | Real Property | 33 |
| Disclosure Schedule | 29 | Registrable Securities | 27 |
| Effective Date | 10 | Registration Statement | 27 |
| Effective Date Balance Sheet | 14 | Resale Registration | 28 |
| Effective Date Cash | 13 | Sellers' Knowledge | 29 |
| Sellers' Accounts | 20 | Tax Disclosure Schedule | 53 |
| Sellers' Shares | 7 | Tax Indemnification Claim | 53 |
| Sellers' Warranties | 29 | Tax Representation | 53 |
| Severance Consideration | 19 | Third Party Claims | 44 |
| Severance Payment Brönauer | 22 | Transaction | 7 |
| Severance RSUs | 22 | Transfer Agent | 21 |
| SPA old | 11 | Transfer Agent Instruction Letter | 25 |
| Strike Price | 11 | Transfer Condition | 9 |
| Target Working Capital | 13 | Transfer Conditions | 9 |

---

6 / 62

**Preamble**

1. Brand
 Engagement Network Inc. ()"**Brand Engagement Network**" or "**BEN** "), a corporation incorporated under
 the Laws of the State of Delaware, United States of America, with registered business address at 300 Delaware Ave, Suite 210, Wilmington,
 DE 19801, USA, registered with the Secretary of State of the State of Delaware under File Number 3191463, is engaged in the business
 of delivering AI solutions and interactive AI assistants to consumers and businesses through its customizable full-stack platform.
 Its shares are publicly traded on the NASDAQ stock exchange under the ticker symbol 'BNAI'.

2. BEN
 is the sole shareholder of GForce 112 GmbH, a limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated
 under the Laws of Germany, having its registered seat in Frankfurt am Main, Germany, registered with the commercial register of the
 local court of Frankfurt am Main, Germany under no. HRB 141591, with business address at Friedrich-Ebert-Anlage 56, 60325 Frankfurt
 am Main, Germany.

3. Sellers
 are the sole shareholders of Cataneo GmbH, a limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated
 under the Laws of Germany, having its registered seat in Munich, Germany, registered with the commercial register of the local court
 of Munich, Germany under no. HRB 144834, with business address at 81671 Munich, Gisela-Stein-Str. 20, Germany ()"**Company** "
 or "**Cataneo** ").

4. The
 business of Cataneo is the development, production, marketing and distribution of media and content management technologies. Cataneo
 is developing SaaS solutions, including advertisement sales, scheduling, traffic and rights management, marketing and selling their
 solutions worldwide and provide related services (the "**Business** ").

5. Cataneo
 owns 100% interest in Cataneo, informacijske rešitve, d.o.o., incorporated in Ljubljana, Slovenia, with the business address
 at Miklošičeva cesta 30, 1000 Ljubljana. Affiliate has an aggregate registered share capital (*Gesellschaftskapital*)
 of EUR 7,500 (in words: Seven Thousand Five-hundred Euros), collectively owned by Cataneo GmbH, under Interest number 250441, and
 Partner number 895697 ()"**Cataneo, d.o.o.** ").

6. Cataneo
 owns 100% interest in Contentmarket AI GmbH, a limited liability company (*Gesellschaft mit beschränkter Haftung*) incorporated
 under the Laws of Germany, having its registered seat in Munich, Germany, registered with the commercial register of the local court
 of München under no. HRB 267327, with business address at 81671 München, Gisela-Stein-Straße 20, Germany ()"**Contentmarket** ";
 Cataneo, d.o.o and Contentmarket collectively: "**Affiliates** ").

7. The
 share capital of the Company amounts to EUR 25,000 (in words: Twenty Five Thousand Euros) and is held by the Sellers as follows (collectively
 the "**Sellers' Shares** "):

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shareholder** | **Total Number of Shares** | **Consecutive No. of Shares** | **Nominal Amount in EUR** | **Share Capital in Percentage** |
| **Christian Unterseer** | 1 | 5 | 10000 | 40% |
| **CUTV GmbH** | 1 | 6 | 2500 | 10% |
| **Cuneo AG** | 2 | 3 | 10000 | 50% |
|  |  | 4 | 2500 |  |
| **Total** | 4 | 4 | 25000 | 100% |

---

8. Buyer
desires to purchase and acquire the Sellers' Shares pursuant to the terms and conditions set forth herein. The consideration for
the Sellers' Shares shall consist partly of a cash payment and partly of a consideration in kind (*Sachleistung*) in the form
of shares of common stock in BEN to be issued to Seller 1 and Seller 3 (the "**Transaction** "). The consideration in kind shall
consist of registered and, to the extent legally possible, unrestricted shares in BEN whose transfer to the share accounts of Seller
1 and Seller 3 shall be initiated upon Closing. Buyer shall have the right to arrange for BEN to pay the cash consideration and deliver
the shares in BEN directly to the Sellers on behalf of Buyer.

9. Sellers
 have received satisfactory documentation to proof, that BEN is in a financial position to fund the amount of USD 8,000,000 (in words:
 Eight Million US-Dollars) as of the Signing Date (as defined below), such documentation attached to as copy as Exhibit Preamble

10. Cataneo
 maintains a virtual stock option programme for certain managing directors and Key Employees on the basis of the VSOP terms and conditions (the "**Cataneo VSOP** "). The Transaction contemplated hereunder constitutes, in the understanding of Sellers,
 a triggering event under the Cataneo VSOP giving rise to a settlement obligation vis-à-vis the relevant participants. Any
 such settlement obligation shall be borne economically in full by Sellers. Sellers intend to assume all obligations (*Vertragsübernahm* *e mit schuldbefreiender Wirkung*)
 arising thereof as of closing date. The settlement under the Cataneo VSOP shall be effected
 exclusively in cash. No participant or beneficiary under the Cataneo VSOP shall have any right, claim or entitlement to receive any
 shares, equity interests or other ownership interests in Cataneo or any of its Affiliates, whether by way of consideration in kind
 (*Sachleistung*) or otherwise.

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NOW, THEREFORE, Sellers and Buyer hereby agree as follows:

**I. Interpretation; Definitions and Exhibits**

**1.** **Interpretation** 

Unless expressly provided otherwise herein, for purposes of this Agreement, the following rules of interpretation shall apply:

1.1. The
 headings in this Agreement are for reference only and shall not affect the interpretation of this Agreement. Unless expressly otherwise
 provided in this Agreement, any reference to a Section, an Exhibit or a Disclosure Schedule is a reference to a Section, an Exhibit
 or a Disclosure Schedule of this Agreement.

1.2. The
 Exhibits and Disclosure Schedule shall be construed as an integral part of this Agreement. Any reference to this Agreement includes
 this Agreement and the Exhibits and the Disclosure Schedule as a whole.

1.3. If
 any Person or entity shall, pursuant to this Agreement, use „commercially reasonable efforts", such Person/entity shall
 be required to make a diligent, reasonable and good faith effort to accomplish the applicable objective. Such obligation, however,
 does not require an expenditure of material funds or the incurrence of a material Liability, nor does it require to make any concession
 or acts in a manner that would be contrary to normal commercial practices under the given circumstances in order to accomplish the
 objective. The fact that the objective is or is not actually accomplished is no indication that the Person/entity did, or did not,
 in fact use its reasonable commercial efforts in attempting to accomplish the objective.

1.4. Words
 such as "hereof", "herein" or "hereunder" refer (unless otherwise required by the context) to
 this Agreement as a whole and not to a specific provision of this Agreement.

1.5. The
 word "including", "in particular" or any variation shall be deemed to be followed by the words "without
 limitation" and shall not be construed to limit a general statement to the specific exemplary items or matters following it.

1.6. Any
 reference in this Agreement to gender shall include all genders. Words (including definitions) imparting the singular number only
 shall include the plural and vice versa.

1.7. This
 Agreement is made in the English language. The English language version of this Agreement shall prevail over any translation of this
 Agreement save for German terms inserted in brackets, which shall be authoritative for the purposes of interpretation of the relevant
 English term used and shall prevail over any translation of this Agreement. The relevant English term shall be interpreted the same
 way throughout the Agreement, unless the context requires otherwise.

1.8. Wherever
 in this Agreement the term "material" or "materiality" or any variation thereof appears, no monetary threshold
 set forth in any provision of this Agreement shall be considered in connection with the interpretation thereof unless specifically
 and explicitly tied thereto.

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1.9. Any
 monetary thresholds denominated in Euro shall include the equivalent in any foreign currency calculated based on the Exchange Rate
 as of the Signing Date.

1.10. Except
 where otherwise specifically set forth herein, references to a specific time herein are references to local time in Munich, Germany.

**2.** **Definitions; Exhibits** 

2.1.  **<u>Exhibit A</u>** sets out, for purposes of this Agreement, (i) certain defined terms and (ii) a list of all defined terms used in this Agreement.

2.2.  **<u>Exhibit B</u>** sets forth a list of all Exhibits to this Agreement.

2.3.  **<u>Exhibit C</u>** sets forth a list of all sections of the Disclosure Schedule to this Agreement.

**II. Sale and Transfer of the Shares; Consideration**

**3.** **Sale of the Shares** 

3.1. Subject
 to the terms and conditions set forth herein, Sellers hereby sell and transfer to Buyer, and Buyer purchases and accepts from Sellers
 in total one hundred percent (100%) of the Sellers' Shares free and clear of any mortgage, pledge, lien, charge, security interest,
 claim, community property interest, option, equitable interest, restriction of any kind (including any restriction on use, voting,
 transfer, receipt of income, or exercise of any other ownership attribute), or other encumbrance (each, an "**Encumbrance** ").

3.2. The
 sale shall be effected with economic and tax effect as of the Closing Date.

**4.** **Transfer of the Shares** 

4.1. Subject
 to the conditions precedent (*aufschiebende Bedingungen*) pursuant to section 158(1) German Civil Code (BGB) that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all
 Closing Conditions set out in Section 12.1 have been fulfilled or duly waived, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) the
 Cash Consideration has been received by Sellers in accordance with the terms of this Agreement

(each a "**Transfer Condition**" and together the "**Transfer Conditions**"), Sellers hereby assign (*abtreten*) to Buyer the Sellers' Shares.

For the avoidance of doubt, through the purchase of the Sellers' Shares, Buyer also becomes the indirect owner of the Affiliates.

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4.2. The
 Parties may fully or partly waive the Transfer Conditions by mutual agreement. The effect of any such waiver shall be limited to
 eliminating the need that the relevant Transfer Condition be fulfilled and, unless otherwise agreed, shall not limit or prejudice
 any claims that a waiving Party may have with respect to any circumstances relating to such Transfer Condition not having been fulfilled.
 All Transfer Conditions shall be deemed to irrefutably (*unwiderleglich*) have been satisfied and the transfer of the Shares
 shall be deemed to irrefutably (*unwiderleglich*) have occurred upon execution of the Closing Memorandum by the Parties.

4.3. Without
 undue delay (*unverzüglich*) after the fulfilment of the Transfer Conditions, the Parties shall notify the Notary about
 the fulfilment of the Transfer Conditions, in particular by submitting a copy of the Closing Memorandum executed by all Parties to
 the Notary. The Notary is hereby instructed to submit the updated list of shareholders to the commercial register.

**5.** **Effective Date** 

The Shares shall be sold and transferred to Buyer and shall be purchased, accepted and acquired by Buyer with effect as of the Closing Date, at 24:00 hours CET/CEST, (the "**Effective Date**"), with all benefits and burdens attached to the Shares, including the right to receive profits or losses, attaching to them as of the Effective Date.

**6.** **Consideration** 

**6.1.** **Consideration** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.1. The
 consideration (the "**Consideration**") for the Sellers' Shares shall consist of a combination of (i) cash
 and (ii) BNAI Common Stock (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2. The
 total value of the Consideration shall be the determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2.1. USD
 19,500,000 (in words: Nineteen Million Five Hundred Thousand Dollars) (the "**Base Amount** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2.2. <u>plus</u> the aggregate amount of the Effective Date Cash (as defined below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2.3. <u>minus</u> the aggregate amount of the Effective Date Financial Debt (as defined below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2.4. <u>plus</u> the amount of the Effective Date Working Capital Surplus (as defined below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.2.5. <u>minus</u> the amount of the Effective Date Working Capital Shortfall (as defined below).

The Consideration shall in no event exceed the amount of USD 19,500,000 (in words: Nineteen Million Five Hundred Thousand Dollars) (the "**Hard Cap**"). To the extent the determination of the total value of the Consideration pursuant to this Section 6.1.2 results in an amount exceeding the Hard Cap, the Consideration shall be limited to the Hard Cap. For the avoidance of doubt, to the extent the determination of the total value of the Consideration pursuant to this Section 6.1.2 results in an amount falling short of the Hard Cap, a corresponding reduction of the Consideration shall apply in accordance with Section 6.3.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3. On
 basis of a good faith estimate the Parties agree on a preliminary Closing Consideration of USD 19,500,000 (in words: Nineteen Million
 Five Hundred Thousand Dollars) (such estimated amount the "**Preliminary Closing Consideration** "). On the Closing
 Date, the Buyer shall pay the Preliminary Closing Consideration as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.1. a
 cash payment in the amount of USD 9,000,000, reduced by an aggregate amount of USD 1,000,000, such reduction reflecting (i) the
 consideration payment by BEN under the letter of intent dated March 18, 2026 (the "**LoI** "), and (ii) the fees previously
 paid to Sellers by BEN or representatives of BEN pursuant to the share purchase and transfer agreement entered into between the Sellers
 and BEN, notarial deed no. 1558/2024 of notary Lucas Wartenburger, Munich (the "**SPA old** "), resulting in an effective
 cash payment in the amount of USD 8,000,000 "**Cash Consideration** "), and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.2. a
 transfer of BNAI Common Stock (the "**Consideration Shares** "), the number of which shall be determined by dividing
 USD 10,500,000 (in words: Ten Million Five Hundred Thousand Dollars) by USD 37.88 (the "**Strike Price** ")
 (the "**Equity Consideration** "). The Consideration Shares shall be assigned as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.2.1. A
 number of Consideration Shares determined by dividing USD 9,500,000 (in words: Nine Million Five Hundred Thousand US-Dollars) by
 the Strike Price shall be assigned to the share accounts of Seller 1 and Seller 3 as unrestricted and registered shares and subject
 to standard settlement periods under applicable U.S. securities laws and regulations (the **"Closing Shares"**).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.2.2. A
 number of Consideration Shares determined by dividing USD 1,000,000 (in words: One Million US-Dollars) by the Strike Price (the "**Escrow Shares**") shall be held in escrow by Buyer or by a third party designated by Buyer on Buyer's behalf, as restricted
 stock, until December 31, 2026 (the "**Escrow Period** ").

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.3. To
 the extent that the calculation and allocation of the Consideration Shares pursuant to this Section 6.1.3 results in a fractional
 or odd number, the following rules shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.3.1. Step
 1: Determining number of Consideration Shares

The total number of Consideration Shares shall be rounded down to the next even whole number. The Cash Consideration shall be increased by an amount equal to the fractional remainder multiplied by the Strike Price.

For the avoidance of doubt, the Consideration Shares shall be allocated in equal parts between Seller 1 and Seller 3 in accordance with Section 7.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.3.3.2. Step
 2: Determining Closing Shares / Escrow Shares Split

The number of Closing Shares shall be determined by multiplying the number of Consideration Shares by the ratio of the Closing Shares value to the total Consideration Shares value as set forth in Section 6.1.3.2 (i.e., USD 9,500,000 / USD 10,500,000) and rounded down to the next even whole number. Any Consideration Share(s) exceeding the number of Closing Shares shall be Escrow Shares.

*Example: Assuming a Strike Price of USD 33.00, the Consideration Shares would be calculated and allocated as follows:*

 

*Step 1: USD 10,500,000 / USD 33.00 = 318,181.82 Consideration Shares. Rounded down to the next even whole number = 318,180 Consideration Shares. The fractional remainder of 1.82 × USD 33.00 = USD 60.06 is added to the Cash Consideration.*

 

*Step 2: (9,500,000 / 10,500,000) × 318,180 = 287,877.14 Closing Shares. Rounded down to the next even whole number = 287,876 Closing Shares (143,938 for each of Seller 1 and Seller 3). Escrow Shares = 318,180 – 287,876 = 30,304 Escrow Shares.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4. Escrow
 Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4.1. The
 Escrow Shares shall be primarily used to offset any claims, fines, penalties, outstanding debts or other costs determined to be owed
 by Sellers after Closing ()"**Offset Amount** "). Buyer will inform Sellers in due course, but no later than five (5)
 days prior to the expiration of the Escrow Period if Buyer intends to deduct an Offset Amount. Should Sellers have any objections
 against such intention of Buyer, the Parties will aim to amicably settle any dispute which may occur. If no amicable resolution is
 reached within twenty (20) Business Days, the dispute shall be finally settled in accordance with Section 38.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1.4.2. Within
 ten (10) Business Days following expiration of the Escrow Period or, in the case of a dispute, following the final settlement of
 such dispute, Buyer shall initiate the transfer of the Escrow Shares (after deduction of the Offset Amount, if any) by instructing
 the Transfer Agent (as defined below) to effect the book-entry issuance of such Escrow Shares as restricted securities subject to
 a restrictive legend in the form set forth in Section 14.22.5 (or such substantially equivalent notation as customarily applied
 by the Transfer Agent for book-entry positions), and to register such Escrow Shares in the stock ledger of Buyer in the name of Seller
 1 and Seller 3 respectively. Section 10.210. applies *mutatis mutandis*.

**6.2.** **Effective Date Cash, Effective Date Financial Debt, Effective Date Working Capital** 

For the purpose of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.1. "**Effective Date Cash**" means the pro-forma consolidated amount of the line items set forth in section 1 of  **<u>Exhibit 6.2.a</u>** of Cataneo in Euro as per the Effective Date, as determined on the basis of the Final Effective Date Balance Sheet (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.2. "**Effective Date Financial Debt**" means the pro-forma consolidated amount of the line items set forth in section 2 of Exhibit 6.2 under
 the heading "**Effective Date Financial Debt**" of Cataneo in Euro as per the Effective Date, as determined on the
 basis of the Final Effective Date Balance Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2.3. "**Effective Date Working Capital**" means the pro-forma consolidated amount of the line items set forth in section 3 of Exhibit 6.2.a
 under the heading 'Effective Date Working Capital' of Cataneo in Euro as per the Effective Date, as determined on the
 basis of the Final Effective Date Balance Sheet.

"**Target Working Capital**" shall be an amount of USD minus 197,106, and "**Effective Date Working Capital Surplus**" is the amount by which the Effective Date Working Capital exceeds the Target Working Capital by more than ten percent (10 %); and "**Effective Date Working Capital Shortfall**" is the amount by which the Effective Date Working Capital falls short of the Target Working Capital by more than ten percent (10 %).

**<u>Exhibit 6.2.b</u>** shows. the calculation of the Effective Date Cash, Effective Date Financial Debt, Effective Date Working Capital, and Effective Date Working Capital Surplus/Effective Date Working Capital Shortfall. Exhibit 6.2.b shows an example calculation for illustrative purposes. If there is any contradiction between the sample calculation and this agreement and Exhibit 6.2.a, the agreement and Exhibit 6.2.a shall prevail.

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**6.3.** **Adjustment Amount, Effective Date Balance Sheet** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.1.** **Preparation of the Effective Date Balance Sheet** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.1. After
 the Effective Date, Sellers shall cause the Company to prepare the individual balance sheets as well as a pro-forma consolidated
 balance sheet of Cataneo and its Affiliates as of the Effective Date showing all balance sheet items required for the determination
 of the Effective Date Cash, the Effective Date Financial Debt and the Effective Date Working Capital (together, the "**Effective Date Balance Sheet** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.2. The
 Effective Date Balance Sheet shall be prepared in the English language on a going concern basis and as if the respective business
 year were to end for accounting and tax purposes on the Effective Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.2.1. applying
 the accounting policies and consolidation principles set forth in  **<u>Exhibit 6.3.1.2.1</u>** ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.2.2. applying
 the applicable local GAAP of Cataneo (*Grundsätze ordnungsmäßiger Buchführung und Bilanzierung*) and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.2.3. complying
 with the principle of accounting and valuation consistency (*Bilanzierungs- und Bewertungskontinuität*), in particular
 by applying the same valuation criteria (*Bewertungskriterien*), depreciation principles (*Abschreibungsgrundsätze*)
 and election rights (*Wahlrechte*) as consistently applied by Sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.3. Amounts
 in foreign currency shall be converted into EUR with the Exchange Rate as of the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.4. To
 facilitate Sellers' creation of the Effective Date Balance Sheet Buyer shall, subject to reasonable Notice, make available
 free of charge during normal office hours to Sellers and their advisors all books, reports in relation to the Business, billing statements,
 correspondence, records and any and all other relevant documentation as may be reasonably required to develop the Effective Date
 Balance Sheet and as is reasonably available to Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.1.5. Sellers
 shall use best efforts to deliver the Effective Date Balance Sheet together with a convenience calculation of the Consideration and
 the Adjustment Amount (as defined below) derived therefrom (the "**Calculation Adjustment Amount**") to Buyer within
 forty (40) Business Days after the BEN financial information have been delivered to Sellers pursuant to Section 6.3.1.4.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.2.** **Review by Buyer** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2.1. To
 the extent Buyer believes that the Effective Date Balance Sheet and/or the Calculation Adjustment Amount has not been prepared in
 accordance with this Agreement, Buyer may raise objections to the Effective Date Balance Sheet and/or the Calculation Adjustment
 Amount within ninety (90) Business Days after receipt of the Effective Date Balance Sheet by providing Sellers with a statement of
 objections specifying the relevant positions, the reasons for each objection and the amounts in dispute in reasonable detail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2.2. To
 facilitate Buyer's review of the Effective Date Balance Sheet Sellers shall, subject to reasonable Notice, and to the extent
 such information and documents are not available to Cataneo, but to Sellers or its Affiliates, make available free of charge during
 normal office hours to Buyer all books, reports in relation to the Business, billing statements, correspondence, records and any
 and all other relevant documentation as may be reasonably required to review the Effective Date Balance Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.2.3. If
 and to the extent Buyer does not raise any objections within the period set forth in Section 6.3.2.1, Buyer shall be deemed to have
 agreed to the positions set forth in the Effective Date Balance Sheet and the Effective Date Balance Sheet shall become final and
 binding on such positions upon the expiry of the period set forth in Section 6.3.2.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.3.** **Dispute Resolution** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.1. If
 and to the extent Buyer has raised objections to the Effective Date Balance Sheet and/or the Calculation Adjustment Amount in accordance
 with Section 6.3.2.1, the Parties shall discuss the disputed items in order to reach a mutually acceptable agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.2. To
 the extent Sellers and Buyer are unable to reach such an agreement within forty (40) Business Days after expiry of the period set
 forth in Section 6.3.2.1) on any disputed items, either Party may, within twenty (20) Business Days, request that the items still
 in dispute between the Parties shall be decided by PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Frankfurt am
 Main, Germany, ()"**PWC**") which shall act as a neutral expert. If PWC refuses to act as a neutral expert, the Parties
 shall agree on another independent accounting firm of international standing to act as a neutral expert. If the Parties cannot agree
 on another accounting firm within twenty (20) Business Days following PWC's refusal, an independent accounting firm of international
 standing shall be appointed upon written request of either Party by the Institute of Chartered Accountants in Germany (Institut der
 Wirtschaftsprüfer in Deutschland e.V.) in Düsseldorf, Germany (PWC or the accounting firm finally determined as a neutral
 expert pursuant to this Section 6.3.3.2 to be referred to as the "**Neutral Expert** "). If and to the extent the Parties
 have not reached an agreement pursuant to Section 6.3.3.1 and neither Party requests that the matter in dispute be decided by the
 Neutral Expert in accordance with and within the time limit set forth in sentence 1, Section 6.3.2.1 shall apply *mutatis mutandis*.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.3. Sellers
 and Buyer shall jointly engage the Neutral Expert to decide the items in dispute in accordance with the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4. The
 Neutral Expert shall

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.1. act
 as an expert (*Schiedsgutachter*), not as an arbitrator, and shall decide by way of a written expert's opinion (*Schiedsgutachten*)
 substantiating the decision;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.2. decide
 only on the items in dispute between the Parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.3. apply
 the accounting and valuation standards and principles referred to in Section 6.3.1.2.2, interpret this Agreement only to the extent
 necessary in order to decide the items in dispute, and not decide upon legal issues (unless such legal issues specifically pertain
 to the applicable accounting and valuation standards and principles);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.4. give
 each Party adequate opportunity to present their point of view in writing, shall share such arguments with the respective other Party,
 and shall hold at least one (1) hearing in the presence of the Parties and their professional advisors and accountants;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.5. not
 pass a decision beyond or outside the positions taken by the Parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.4.6. decide
 upon the allocation of its costs and expenses between the Parties by applying the principles of sections 91 et seqq. ZPO.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.5. The
 Parties shall

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.5.1. instruct
 the Neutral Expert to use its best efforts to deliver its written expert's opinion to them as soon as reasonably practicable,
 but no later than six (6) weeks after the items in dispute have been referred to, and the Parties have properly instructed, the Neutral
 Expert;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.5.2. provide
 any information and other support which the Neutral Expert deems required in connection with the preparation of its written expert's
 opinion. They shall, subject to reasonable Notice, make available free of charge during normal office hours to the Neutral Expert
 all books, reports in relation to the Business, billing statements, correspondence, records and any and all other relevant documentation
 as may be reasonably required and as available to them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.3.6. The
 decision of the Neutral Expert on the disputed items shall be final and binding on the Parties for the purpose of determining the
 Consideration and the Adjustment Amount, subject to the qualification set forth in section 319 (1) BGB.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.4.** **Final Effective Date Balance Sheet** 

The Effective Date Balance Sheet and the Calculation Adjustment Amount shall be final and binding on the Parties for the purpose of determining the Consideration and the Adjustment Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.4.1. in
 accordance with Section 6.3.2.3, if and to the extent Buyer has not raised objections to the Effective Date Balance Sheet within
 the time period set forth in Section 6.3.2.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.4.2. if
 and to the extent Sellers and Buyer have reached an agreement concerning the disputed items within the time period set forth in Section
 6.3.3.2 or at any time thereafter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.4.3. in
 accordance with Section 6.3.3.2 in connection with Section 6.3.2.3, if and to the extent the Parties have not reached an agreement
 and neither Party requests within the time limit set forth in Section 6.3.3.2 that the matter in dispute be decided by the Neutral
 Expert; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.4.4. in
 accordance with Section 6.3.3.6, if and to the extent the Neutral Expert has decided about the unresolved disputed items;

(the so-determined final and binding Effective Date Balance Sheet and the Calculation Adjustment Amount is referred to herein as "**Final Effective Date Balance Sheet**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.5.** **Costs and Expenses** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.5.1. Sellers
 shall bear the costs and expenses of the preparation of the Effective Date Balance Sheet arising through the engagement of external
 advisors appointed by the Sellers.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.5.2. Buyer
 shall bear the costs and expenses of its own review of, and preparation of objections to, the Effective Date Balance Sheet.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.5.3. Each
 Party shall bear its own costs incurred in connection with the dispute resolution procedure set forth in Section 6.3.3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3.6.** **Payment of the Adjustment Amount** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.6.1. The
 Consideration shall in no event exceed the Hard Cap.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3.6.2. If,
 on the basis of the Final Effective Date Balance Sheet, the Consideration falls short of the Preliminary Closing Consideration (the
 amount of such shortfall, the "**Adjustment Amount** "), Sellers shall pay the Adjustment Amount in cash within ten
 (10) Business Days after the Final Effective Date Balance Sheet has become final and binding on the Parties. Any such payment shall
 be made to Buyer or a third party designated by Buyer, free of costs, bank charges and other expenses for the recipient.

For the avoidance of doubt, Sellers shall be jointly and severally liable (*gesamtschuldnerisch haftend*) for any payment obligations arising under this Section 6.3.6 in respect of the Adjustment Amount.

**6.4.** **Third-Party Payment and Delivery** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.1. Buyer
 shall be entitled, but not obliged, to procure that BEN pays the Cash Consideration, delivers the Consideration Shares (including
 the Escrow Shares) and the Severance Shares and makes any payments in respect of the Adjustment Amount directly to Sellers
 on behalf of Buyer, in whole or in part (*Teilleistung*), *(Leistung durch Dritte gemäß § 267 BGB*). Sellers
 hereby irrevocably consent to such payments and deliveries being made by BEN on behalf of Buyer.

For the avoidance of doubt, this Section 6.4 shall not establish any independent payment or delivery obligation of BEN vis-à-vis Sellers, nor shall it be construed as a guarantee (*Garantie*), assumption of debt (*Schuldübernahme*), accession to debt (*Schuldbeitritt*) or any other form of security by BEN for the obligations of Buyer under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.2. Any
 payment or delivery made by BEN in accordance with this Section 6.4 shall constitute due and valid performance of Buyer's corresponding
 obligations under this Agreement and shall discharge Buyer from such obligations to the extent of the payments or deliveries so made
 (*Leistung mit schuldbefreiender Wirkung*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4.3. To
 the extent the Adjustment Amount results in a repayment obligation of Sellers, such repayment shall be made to the bank or share
 account designated by Buyer in a Notice, irrespective of whether the original payment was made by Buyer or by BEN on Buyer's
 behalf.

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**6.5.** **Severance Consideration** 

Buyer or a third party on its behalf shall issue to Seller 2 shares of BNAI Common Stock valued at the Strike Price (the "**Severance Shares**") in the value of USD 160,000, resulting in 4,224 BNAI Common Stock (the "**Severance Consideration**").

**7.** **Consideration Allocation; VAT** 

7.1. The
 Parties agree to allocate the Preliminary Closing Consideration as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Shareholder** | **Consecutive Number of Share** | **Nominal Amount in EUR** | **Allocation of Consideration** |
| Christian Unterseer: | 5 | 10,000 thereof for Cash Consideration EUR 3,270 <br>thereof for Equity Consideration EUR 6,730 | <br> Cash Consideration:<br> USD2,550,000.00<br>Equity Consideration:<br> USD5,250,000.00 |
| CUTV GmbH: | 6 | 2500 | Cash Consideration:<br> USD 1,950,000 |
| Cuneo AG: | 3 | 10,000 thereof for Cash Consideration EUR 3,270 <br>thereof for Equity Consideration EUR 6,730 | <br> Cash Consideration:<br> USD 2,550,000.00<br>Equity Consideration:<br> USD5,250,000.00 |
| Cuneo AG: | 4 | 2500 | Cash Consideration USD 1,950,000 |
| **Total:** | **4** | **25000** | **USD 19,500,000** |

---

7.2. Any
 adjustments to the Preliminary Closing Consideration shall be made in equal proportion to the respective <u>Preliminary Closing</u> Consideration
 received by each individual Seller.

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7.3. It
 is the common understanding of the Parties that the sale and transfer of the Shares are not subject to or are exempt from VAT, and
 Sellers hereby waive any right to opt for VAT with respect to any consideration owed under this Agreement.

**8.** **Payments** 

8.1. Any
 payments under or in connection with this Agreement shall be made in USD by wire transfer in immediately available funds without
 any kind of deductions, bank charges or other charges for the recipient. Any such payment shall be deemed to have been made only
 upon its full, irrevocable and unconditional crediting to the relevant bank account.

8.2. All
 payments owed hereunder to Sellers or Buyer shall be paid to the following bank accounts or USD accounts, as applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1. Payments
 owed to Sellers (the "**Sellers' Accounts** "):

Account holder: Christian Unterseer

Bank: Kreissparkasse Miesbach

Bank sort code: 71152570

BIC: BYLADEM1MIB

IBAN: DE60 7115 2570 0005 2070 30

Account holder: CUTV GmbH <br> Bank: Stadtsparkasse München <br> Bank sort code: 70150000 <br> BIC: SSKMDEMMXXX <br> IBAN: DE55 7015 0000 0890 0181 20

Account holder: Cuneo AG <br> Bank: Hypovereinsbank <br> Bank sort code: 70020270 <br> BIC: HYVVEDEMMXXX <br> IBAN: DE84 7002 0270 0042 7887 24

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2. Payments
 owed to Buyer (the "**Buyer's Account** "):

Account holder: Brand Engangement Network Inc.<br> Bank: Bank of Jacksonhole<br> Routing Number: 102304099<br> Account Number: 5000 14434<br> SWIFT: NBHBUS55

8.3. Sellers
 and Buyer may notify each other of a change of their above-mentioned accounts at any time by giving Notice at least five (5) Business
 Days prior to the respective due date.

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8.4. Should
 any Party fail to pay any amount payable by it under or in connection with this Agreement on its due date, such Party shall be in
 default from the due date of the unpaid amount without further Notice being required. Interest shall accrue on the unpaid amount
 from (and including) the day following the due date up to (and including) the date of receipt of the actual payment at a rate of
 five percent (5 %) per annum, to be calculated on the basis of the actual days elapsed and a year with three hundred sixty (360)
 days. Further claims and remedies of the Parties in connection with such failure shall remain unaffected.

**9.** **Financing Commitment** 

BEN shall procure that Buyer has available, at the relevant times, sufficient funds to perform its Consideration obligations under this Agreement.

**III. Separation from Sellers**

**10.** **Pre-Closing Obligations of Sellers** 

10.1. Upon
 Buyer's written request, Sellers shall, in their capacity as shareholders of the Company, resolve to amend the Company's
 fiscal year for local GAAP (*Geschäftsjahr*) and tax purposes (*Wirtschaftsjahr*) so that it ends on 30 June of each
 calendar year, and shall cause such amendment to be duly registered with the commercial register (*Handelsregister*) of the
 Company no later than the Closing Date. In addition, Sellers shall grant a power of attorney (*Vollmacht*) to Walberg Law Tax
 Strategy GmbH & Cie. KG (registered with the commercial register (*Handelsregister*) of the local court (*Amtsgericht*)
 of Munich under HRA 117781) to file for the amendment of the Company's fiscal year for tax purposes (*Wirtschaftsjahr*)
 with the competent tax authority (*Finanzamt*) of the Company. The Parties shall use their best efforts and cooperate in all
 respects necessary to achieve the amendment of the Company's fiscal year for tax purposes (*Wirtschaftsjahr*).

10.2. Upon
 Buyer's written request, Seller 1 and Seller 3 shall without undue delay (*unverzüglich*), but in any event no later
 than two (2) Business Days prior to the Closing Date, provide to BEN's transfer agent, Continental Stock Transfer & Trust
 Company ()"**Transfer Agent** "), all information, documentation and other materials reasonably requested by BEN or
 the Transfer Agent in order to instruct the Transfer Agent with the Transfer Agent Instruction Letter, substantially attached in
 the form hereto as  **<u>Exhibit 10.2</u>** , facilitate the issuance, registration and book-entry transfer of the Consideration
 Shares to Seller 1 and Seller 3, including, without limitation, any account opening documentation, identity verification, and such
 other onboarding materials as may be required by the Transfer Agent.

10.3. During
 the period from the Signing Date until the Closing Date, Sellers shall, and shall procure that the Company and each Group Company
 shall, (i) promptly respond to and provide all information reasonably requested by Buyer and its and BEN's respective advisors
 in connection with the Confirmatory Due Diligence, and (ii) maintain and grant Buyer, BEN and their respective advisors continued
 access to the Data Room (as defined below).

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10.4. In
 order to effectuate the release of securities, guarantees and indemnities pursuant to Section 12.1.2, Buyer or a third party on behalf
 of Buyer shall be entitled, but not obliged, to grant a loan to Cataneo (the "**Pre-Closing Loan**") prior to the
 Closing Date and to transfer the loan proceeds (*Darlehensvaluta*) to a business bank account of Cataneo. Upon Buyer's
 written request, Sellers shall procure that Cataneo enters into a loan agreement with Buyer or such third party reflecting the Pre-Closing
 Loan (the "**Pre-Closing Loan Agreement** ").

10.5. Promptly
 following the Signing Date,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5.1. the
service agreement of the managing director of Cataneo, Thomas Brönauer, shall be assumed by Sellers 2 by way of a contract assumption
(*Vertragsübernahme*) with effect as of Closing, and Cataneo shall be fully and irrevocably released from any and all obligations
arising under or in connection with such service agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5.2. Sellers
 shall procure that all rights and obligations of Cataneo under the Cataneo VSOP are validly assumed (*Vertragsübernahme mit schuldbefreiender Wirkung*) by Sellers, with the written consent of all beneficiaries thereunder, with effect as of
 the Closing Date, and that Cataneo is fully and irrevocably released from any and all obligations (including, without limitation,
 any payment obligations) arising under or in connection with the Cataneo VSOP vis-à-vis the beneficiaries thereunder. Any
 settlement obligations arising under the Cataneo VSOP shall be effected exclusively in cash by Sellers.

**11.** **Separation Measures and Costs** 

In the period until the Closing Date, Sellers shall and shall cause Cataneo and its Affiliates to take all actions reasonably required to achieve that on the Closing Date Cataneo and its Affiliates will have available, as owners, if applicable, or based on valid and enforceable lease, license, service or similar agreements, all assets (whether tangible or intangible), rights, employees, systems (including IT systems, software, hardware and databases), contracts and services required by them in order to continue after the Closing their businesses in the ordinary course as currently conducted, taking into account any service and other agreements with Cataneo and its Affiliate to be entered into pursuant to this Agreement on the Closing Date and except for the matters identified in **<u>Exhibit 11</u>**. Any (actual or contingent) liabilities incurred by Cataneo and its Affiliates in connection with any action according to this Section 11 which have not been settled prior to the Effective Date shall be included in the Effective Date Working Capital.

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**IV. Closing the Transaction**

**12.** **Conditions to Closing** 

**12.1.** **Closing Conditions** 

The obligations of Sellers and Buyer to perform the Closing Actions pursuant to Section 12.2 shall be subject to satisfaction (or waiver pursuant to Section 12.2) of the following conditions precedent (*aufschiebende Bedingungen*) pursuant to section 158 (1) BGB (the "**Closing Conditions**"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.1. Buyer
 shall provide written confirmation that BEN has not received any delisting notice or similar notification affecting its listing status
 on the NASDAQ stock exchange at the time of the Closing, or, alternatively, that it has cured any issue with its listing status prior
 to Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.2. Buyer
 shall release of Sellers and of any Sellers' Affiliates or the relevant third party banks from any (i) securities, (ii) guarantees
 and (iii) indemnities which are listed in  **<u>Exhibit 12.1.2</u>** given by or binding upon Sellers or Sellers'
 Affiliates or given by the relevant third party banks and provide letters of release from the respective guarantor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.3. Sellers,
 in their capacity as shareholders of the Company, shall have resolved at the Buyer's expense to amend the Company's fiscal
 year (*Geschäftsjahr*) so that it ends on 30 June of each calendar year, and such amendment shall have been duly registered
 with the commercial register (*Handelsregister*) of the Company no later than the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1.4. Buyer
 shall have completed a confirmatory legal due diligence review of the Company (the "**Confirmatory Due Diligence**") and Buyer shall have confirmed in writing as of Closing Date that it is satisfied with the results of the Confirmatory Due Diligence.

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**12.2.** **Satisfaction and Waiver of Closing Conditions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.1. The
 Parties shall notify each other of the fulfilment or the definitive failure (*endgültiger Nichteintritt*) of any Closing
 Condition without undue delay (*unverzüglich*) after obtaining knowledge thereof and shall include in such notifications
 all relevant evidencing documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2.2. The
 Closing Conditions may be waived by mutual agreement of the Parties; the Closing Condition referred to in Sections 12.1.4
 and 12.1.5 may be waived by Buyer alone. Any waiver of a Closing Condition may be made in full or in part. The effect of a waiver
 of a Closing Condition shall be limited to eliminating the need that such Closing Condition be fulfilled and, unless otherwise agreed,
 shall not limit or prejudice any claims that a waiving Party may have with respect to any circumstances relating to such Closing
 Condition not having been fulfilled.

**13.** **Closing** 

**13.1.** **Closing Date** 

The consummation of the Transactions contemplated by this Agreement (the "**Closing**") shall take place (i) on 30 June 2026, or (ii) at such other time or date as the Parties have mutually agreed upon. The day on which the Closing actually takes place is referred to as the "**Closing Date**" .

**13.2.** **Closing Actions** 

On the Closing Date, the Parties shall take, or if applicable, cause to be taken, the following actions (the "**Closing Actions**") in the following order, in each case if not already taken before in accordance with this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.1. Buyer
 shall, or Buyer shall cause a third party on its behalf to, pay the Cash Consideration, including any applicable bank fees or charges
 of the Buyer or third party paying on Buyer's behalf, to Sellers' Accounts with discharging effect towards the Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.2. Buyer
 shall deliver to Sellers 1 and 3 a notice setting forth the number of Consideration Shares to be transferred to Sellers 1 and 3 as
 part of the Equity Consideration, calculated in accordance with Section 6.1.3, and Sellers 1 and 3 shall acknowledge and confirm
 such number in the form of a notice;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.3. Sellers
shall deliver to Buyer (i) a resignation letter (*Amtsniederlegung*) of the managing director of Cataneo, Thomas Brönauer,
resigning from his position as managing director (*Geschäftsführer*) of Cataneo with effect as of the Closing Date, and
(ii) copies of documentation evidencing that CUTV GmbH (Seller 2) has validly assumed (*Vertragsübernahme*) all obligations
of Cataneo under the managing director service agreement between Cataneo and Thomas Brönauer with effect as of the Closing Date
and that Cataneo has been fully and irrevocably released from any and all obligations arising under or in connection with such service
agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.4. Sellers
 shall deliver to Buyer copies of documentation evidencing that (i) Sellers have validly assumed (*Vertragsübernahme*) all
 rights and obligations of Cataneo under the Cataneo VSOP, with the written consent of all beneficiaries thereunder, and (ii) Cataneo
 has been fully and irrevocably released from any and all obligations (including, without limitation, any payment obligations) arising
 under or in connection with the Cataneo VSOP vis-à-vis the beneficiaries thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.5. Buyer
 shall initiate the assignment of the Closing Shares to Sellers 1 and 3 and the assignment of the Severance Shares to Seller 2
 and Sellers 1 and 3 shall acquire the Closing Shares and Seller 2 shall acquire the Severance Shares, each free of Encumbrances
 but subject to any restrictions under the applicable Laws (including stock exchange rules) and any restrictions expressly agreed
 upon by the Parties hereunder. To initiate the share transfer of Closing Shares, Buyer instructs the Transfer Agent, by means of
 an irrevocable letter of instruction (the "**Transfer Agent Instruction Letter** "), to effect the book-entry issuance
 of the Closing Shares as restricted securities subject to a restrictive legend in the form set forth in Section 14.22.5 (or
 such substantially equivalent notation as customarily applied by the Transfer Agent for book-entry positions), and to register such
 Closing Shares in the stock ledger of BEN in the name of Seller 1 and Seller 3 respectively. Buyer shall provide Sellers with a copy
 of the executed Transfer Agent Instruction Letter.

**13.3.** **Waiver of Closing Actions; Closing Memorandum** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.1. The
 Closing Actions referred to in Sections 13.2.1,13.2.2 and 13.2.5 may be waived or altered (in timing) by Sellers only.
 The Closing Action referred to in Section 13.2.3 and 13.2.4 may be waived by Buyer only. Any waiver of a Closing Action may
 be made in full or in part. The effect of a waiver of a Closing Action shall be limited to eliminating the need that such Closing
 Action be taken at the Closing and, unless otherwise agreed, shall not limit or prejudice any claims that a waiving Party may have
 with respect to any circumstances relating to such Closing Action not having been taken at the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.2. Immediately
after all Closing Actions have been duly taken or waived, the Parties shall confirm in a written document jointly executed by the Parties (the "**Closing Memorandum**") that (i) the Closing Conditions have been duly fulfilled or waived, (ii) the Closing
Actions have been duly taken or waived, and, therefore, (iii) the Closing has occurred. A copy of the Closing Memorandum shall be submitted
to the Notary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.3. The
 Parties instruct the Notary to submit an updated list of shareholders to the commercial register of the Company immediately upon
 receipt of the Closing Memorandum with the Buyer duly registered as the owner of the Sellers' Shares as of Closing.

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**13.4.** **Withdrawal prior to Closing** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.1. Any
 withdrawal (*Rücktritt*) from this Agreement shall be permissible only in accordance with this Section 13.4 and only until
 the Closing has occurred. Any withdrawal after the Closing or any withdrawal prior to the Closing other than in accordance with this
 Section 13.4 shall be excluded to the extent permitted by applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.2. Either
 Sellers or Buyer may withdraw (*zurücktreten*) from this Agreement prior to Closing by written Notice if not all of the
 Closing Conditions have been satisfied within three (3) months after the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.3. Sellers
 may withdraw (*zurücktreten*) from this Agreement within ten (10) Business Days after Closing by written Notice if the
 Buyer has failed to perform the Closing Actions as set forth in clause 13.2.1 and/or 13.2.2 and/or 13.2.5 until the
 Closing Date. For the avoidance of doubt, Sellers cannot withdraw from this agreement for failure to perform the Closing Action
 13.2.5 if Sellers fail to provide Buyer with the information necessary to submit the Transfer Agent Instruction Letter 2 to the Transfer
 Agent

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.4. The
 rights of a Party to withdraw from this Agreement in accordance with Sections 13.4.2 and 13.4.3 is in addition to all other rights
 and claims it has under this Agreement and the right of a Party to alternatively seek specific performance from the other Party,
 provided that a Party may at its sole discretion at any time change from seeking specific performance from the other Party to pursuing
 the other rights and claims it has against the other Party under this Agreement (e.g., to withdraw from this Agreement and seek damages).
 The Party that has caused the reason for withdrawal is obligated to compensate the other Party in full for all reasonable legal and
 other professional fees, costs and expenses (in each case including any applicable VAT) incurred in connection with this Agreement
 prior to the date of withdrawal (including its preparation and negotiation).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.5. In
 the event that the Sellers withdraw pursuant to Section 13.4.2 in conjunction with Section 12.1.3 or Section 12.1.4 or the Buyer
 withdraws from this Agreement due to the Sellers' fault prior to the Closing, the Sellers shall return to BEN the consideration
 in the amount of USD 350.000 paid by BEN pursuant to the LOI within ten (10) Business Days following the date of such
 withdrawal.

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**13.5.** **Post-Closing Registration of Consideration Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.1. Registration
 Statement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.1.1. For
 purposes of this Section 13.5, "**Registrable Securities**" means (i) the Closing Shares and (ii) the Escrow Shares,
 in each case to the extent issued to Sellers pursuant to this Agreement and not previously sold pursuant to an effective registration
 statement or Rule 144 under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.1.2. Closing
 Shares

BEN shall file a registration statement on Form S-1 (the "**Registration Statement**") registering the resale of the Closing Shares within thirty (30) calendar days following the Closing Date; provided, that in the event BEN needs additional time (i) to obtain auditor consents, (ii) to prepare financial statements or (iii) to otherwise prepare the Registration Statement due to changes in Law or stock exchange regulations or guidance from the SEC that, in each case, become effective or are issued after the Closing, BEN shall be permitted to delay such filing but shall use commercially reasonable efforts to file the Registration Statement as promptly as practicable thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.1.3. Escrow
 Shares

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If,
 as of the filing date of the Registration Statement pursuant to Section 13.5.1.2, the Escrow Period has expired without any unresolved
 dispute and the Escrow Shares, if any, are being issued to Sellers pursuant to Section 6.1.4.2, BEN shall include such Escrow Shares
 in the Registration Statement as additional Registrable Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) If,
 as of the filing date of the Registration Statement pursuant to Section 13.5.1.2, the Escrow Shares, if any, have not yet been issued
 to Sellers (whether due to a pending dispute pursuant to Section 6.1.4.2 or otherwise), BEN shall file a post-effective amendment
 to the Registration Statement (the "**PEA**") registering the resale of such Escrow Shares within forty (40) Business
 Days following the issuance of the Escrow Shares to Sellers pursuant to Section 6.1.4.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.1.4. BEN
 shall use commercially reasonable efforts to have the Registration Statement declared effective as soon as practicable after filing,
 and in any event within sixty (60) calendar days following the filing date pursuant to Section 13.5.1. The Parties agree that neither
 the timing of the SEC determination that the Registration Statement will not be subject to review nor the timing of effectiveness
 is within BEN's control, and BEN shall not be subject to any liability in the event that the SEC review process takes longer
 than sixty (60) calendar days, provided that BEN has used commercially reasonable efforts to cause effectiveness within such sixty
 (60)-day period. For the avoidance of doubt, the sixty (60)-day effectiveness obligation under this Section applies separately to
 the Registration Statement and, if applicable, to any PEA filed pursuant to Section 13.5.1.3 lit. b).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.2. In
 the event that the Registration Statement or the PEA is on or near BEN's fiscal quarter end, the Parties understand that filing
 the Registration Statement or the PEA may not be able to be done within the applicable filing deadline pursuant to Section 13.5.1,
 provided that BEN shall submit the Registration Statement or PEA as promptly as practicable, but in no event later than sixty (60)
 calendar days after the applicable trigger date set forth in Section 13.5.1.2 or Section 13.5.1.3 lit. b), as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.3. Maintenance
 of Registration Statement

BEN shall cause the Registration Statement and any PEA filed pursuant to Section 13.5.1 (each, a "**Resale Registration**") to remain continuously effective with respect to the Registrable Securities covered thereby until the earliest of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) the
 date that is one (1) year after the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) the
 date on which the Sellers cease to hold any Registrable Securities covered by such Resale Registration; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) the
 first date on which each Seller can sell all of its Registrable Securities then covered by such Resale Registration under Rule 144
 under the Securities Act without limitation as to the manner of sale or the amount of securities that may be sold.

The Sellers agree to disclose their beneficial ownership, as determined in accordance with Rule 13d-3 under the Exchange Act, of the Registrable Securities to BEN upon request to assist BEN in making the determination described in clause (c) above. Sellers shall furnish in writing to BEN such information regarding the Sellers, the Registrable Securities held by the Sellers and the intended method of disposition thereof as shall be reasonably requested by BEN to effect or maintain any Resale Registration, and shall execute such documents in connection therewith as BEN may reasonably request that are customary of a selling stockholder in similar situations. If the SEC prevents BEN from including any or all of the Registrable Securities proposed to be registered for resale under a Resale Registration due to limitations on the use of Rule 415 under the Securities Act, BEN shall use commercially reasonable efforts to register such Registrable Securities as promptly as practicable thereafter when permitted to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.4. BEN
 may delay filing or suspend the use of any such registration statement if it determines that in order for the registration statement
 to not contain a material misstatement or omission, an amendment thereto would be needed, or if such filing or use could materially
 affect a bona fide business or financing transaction of BEN or would require premature disclosure of information that could materially
 adversely affect BEN (each such circumstance, a "**Suspension Event** "); provided, that BEN shall use commercially
 reasonable efforts to make such registration statement available for the sale by the Sellers of such Registrable Securities as soon
 as practicable thereafter. Upon receipt of any written notice from BEN of the happening of a Suspension Event during the period that
 the Registration Statement is effective or if as a result of a Suspension Event the Registration Statement or related prospectus
 contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to
 make the statements therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading,
 the Sellers agree that they will (i) immediately discontinue offers and sales of the Registrable Securities under the Registration
 Statement until the Sellers receive (A) (x) copies of an amended prospectus that corrects the misstatement(s) or omission(s) referred
 to above and (y) notice that any post-effective amendment has become effective or (B) notice from BEN that they may resume such offers
 and sales, and (ii) maintain the confidentiality of any information included in such written notice delivered by BEN unless otherwise
 required by applicable law. If so directed by BEN, the Sellers shall deliver to BEN or destroy all copies of the prospectus covering
 the Registrable Securities in the Sellers' possession; provided, however, that this obligation to deliver or destroy all copies
 of the prospectus covering the Registrable Securities shall not apply to (i) the extent the Sellers are required to retain a copy
 of such prospectus (A) in order to comply with applicable legal, regulatory, self-regulatory requirements or (B) in accordance with
 a bona fide preexisting document retention policy or (ii) copies stored electronically on archival servers as a result of automatic
 data back-up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5.5. BEN
 shall bear all expenses in connection with the filing and maintenance of the Registration Statement pursuant to Section 13.5.3 (including
 Sellers' US-GAAP reporting requirements). Sellers shall bear all incremental selling expenses relating to the sale of Registrable
 Securities, such as underwriting commissions and discounts, brokerage fees, underwriter marketing costs and all reasonable fees and
 expenses of any legal counsel representing Sellers.

13.5.6. Section
 13.5 applies *mutatis mutandis* to the Severance Shares.

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**V. Representations and Warranties**

**14.** **Representations and Warranties of Sellers** 

**14.1.** **General provisions** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.1. Sellers
 represent and warrant (*garantieren*) to Buyer by way of an independent promise of guarantee (*selbständiges Garantieversprechen*)
 pursuant to section 311 (1) BGB within the scope and subject to the remedies and limitations set forth in this Agreement that the
 statements contained in this Section 14 (the "**Sellers' Warranties**") are, taking into account
 the facts and circumstances set forth in  **<u>Exhibit 14.1.1</u>** (the "**Disclosure Schedule** "), true and correct as of the Signing Date and as of the Closing Date, unless a Sellers' Warranty is explicitly made as of
 a different date, in which case such Sellers' Warranty shall be correct only as of such different date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.2. The
 scope and content of each Sellers' Warranty as well as the remedies and limitations of liability in case of breaches of Sellers'
 Warranties are exclusively defined by the provisions of this Agreement, in particular Sections 14 through 17, which shall form an
 integral part of Sellers' Warranties.

14.1.3. No
 Sellers' Warranty shall qualify as a quality agreement within the meaning of section 434 (1) BGB (*Beschaffenheitsvereinbarung*)
 or as a guarantee of condition within the meaning of sections 443, 444 BGB (*Garantie für die Beschaffenheit der Sache*).

For purposes of this Agreement, "**Sellers' Knowledge**" , "**Knowledge of Sellers'**" and any similar phrases shall mean the actual knowledge (*positive Kenntnis*) of Sellers and managing directors of the Company and its Affiliates of any fact or circumstance or Sellers having failed to obtain knowledge due to gross negligence (*grob fahrlässige Unkenntnis*) of such fact or circumstance until the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.4. Conduct
 of Business since 29 October 2024

In the period between 29 October 2024 (being the signing date of the SPA old) and the Signing Date of this Agreement, and except as disclosed in the Disclosure Schedule, the Company has been managed with the due care of a prudent businessman (*Sorgfalt eines ordentlichen Geschäftsmannes*) and in accordance with past business practice, and no circumstances have arisen of which, to the Sellers' Knowledge, the Sellers should reasonably have informed the Buyer.

**14.2.** **Authority of Sellers** 

14.2.1. The spouse of Seller 1 has consented to the Transaction
 pursuant to section 1365 BGB. A copy is attached hereto as Exhibit 14.2.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2.2. Sellers
 have all requisite power and authority, to execute, deliver, and perform its obligations under this Agreement and all other documents
 related to the Closing.

14.2.3. No
 insolvency proceedings (*Insolvenzverfahren*) or similar proceedings under applicable Laws are pending regarding Sellers and
 Sellers are not required under applicable Laws to file for any such proceeding.

14.2.4. Sellers
 are, as of the Signing Date and as of the Closing Date, the sole shareholders of Cataneo and hold one hundred percent (100 %) of
 its share capital (*Stammkapital*). No Person other than Sellers holds or is entitled to acquire any shares, equity interests
 or other ownership interests in Cataneo, whether by way of option, conversion right, pre-emptive right, warrant or otherwise. In
 particular, no participant or beneficiary under the Cataneo VSOP or similar incentive or phantom equity arrangement of Cataneo or
 any of its Affiliates has any right, claim or entitlement to receive any shares or other equity interests in Cataneo (whether by
 way of consideration in kind (*Sachleistung*) or otherwise) or to require the issuance, transfer or delivery of any shares or
 other equity interests in Cataneo in connection with the Transactions contemplated by this Agreement or otherwise.

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**14.3.** **No Conflicts or Consents** 

The execution, delivery, and performance by Sellers of this Agreement and the consummation of the Transaction, do not and will not violate or conflict with (a) any provision of the organizational documents or operating agreement, or other governing documents of Sellers or Cataneo or its Affiliates or (b) any order or injunction by any court or governmental authority.

**14.4.** **Required Approval** 

All shareholders' and board resolutions by Sellers or any of its shareholders as required to execute the Transaction have been obtained.

**14.5.** **Existence of the Affiliate Companies, Title to Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.5.1. The
 Company's Affiliates are duly established and validly existing under their respective jurisdiction of incorporation or formation.

14.5.2. The
 Shares and the Affiliate Interests are validly issued, the initial contributions (*Einlagen*) on the Shares and the Affiliate
 Interests have been made in accordance with statutory Law, and there are no obligations to make further contributions (*keine Nachschusspflichten*)
 on the Shares and the Affiliate Interests.

14.5.3. Cataneo
 is the sole legal and beneficial owner of the Affiliate Interests, the Shares and the Affiliate Interests are free and clear of any
 Encumbrances (*dingliche Belastungen*) and there are no pre-emptive rights, rights of first refusal, options or other rights
 of any third party to purchase or acquire any of the Sellers' Shares or the Affiliate Interests.

14.5.4. There
 are no loans granted by any Sellers to the Affiliates.

**14.6.** **No Insolvency** 

No insolvency proceedings (*Insolvenzverfahren*) or similar proceedings under applicable Laws are pending regarding Cataneo or Affiliate and neither Cataneo nor Affiliate are required under applicable Laws to file for any such proceeding.

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**14.7.** **No Enterprise Agreements** 

As of the Signing Date and as of the Closing Date, neither Cataneo nor its Affiliates are a party to any enterprise agreements (*Unternehmensverträge*) or silent partnership agreements (*stille Beteiligungsverträge*) that would entitle any Person or entity to participate in the profits of or to exercise control over Cataneo or its Affiliate.

**14.8.** **Financial Statements** 

Complete copies of financial statements consisting of the balance sheet and the profit and loss statements of Cataneo and its Affiliates as of the fiscal year-end date in each of the years 2023 until 2025 (to extent available due to the Affiliates' existence for that time). Cataneo shall provide completed financial statements for the first quarter of 2026 to Buyer no later than May 15, 2026. Buyer shall be responsible for aligning Cataneo's financial statements with GAAP as may be required pursuant to United States laws and regulations. The financial statements of Cataneo and its Affiliates (the "**Financial Statements**") have been or shall be prepared in accordance with applicable Laws and with generally accepted accounting principles specified therein, applied on a consistent basis throughout the period involved. The Financial Statements are based on the books and records of Cataneo and its Affiliates and present a true and fair view of the assets and liabilities, financial condition and results of operations (*Vermögens-, Finanz- und Ertragslage*) of Cataneo and its Affiliates as of the respective dates they were prepared. The Financial Statements of Cataneo and its Affiliates for the financial years 2022 until 2025 have not been audited as per applicable law. The Parties agree that nothing in this Clause 14.8 shall be deemed to be or construed as an objective balance sheet guarantee (*keine objektive Bilanzgarantie*).

**14.9.** **Undisclosed Off-Balance Sheet Liabilities, Finder's Fees, Security Rights** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.9.1. Cataneo
 and its Affiliate have no off-balance sheet liabilities (e.g. under guarantees), except those which have been incurred in the ordinary
 course of business consistent with past practice and which are not, individually or in the aggregate, more than EUR 10,000 (in words:
 ten thousand Euro). Any such off-balance liabilities shall be disclosed in Disclosure Schedule Section 14.9.1.

14.9.2. Cataneo
 and its Affiliates have not paid or are obliged to pay a finder's fee or any other type of brokerage fee, commission or benefit
 to any finder, broker, agent or other third party in connection with this Agreement or the Transactions contemplated herein.

**14.10.** **Financial results 2026** 

The update on Cataneo's and its Affiliate's revenues and EBITDA in the period from 1 January 2026 until the last available end date (28 February 2026), as attached as **<u>Exhibit 14.10</u>** has been prepared with due care in accordance with applicable GAAP and in accordance with past practice in all material respects. Exhibit 14.10 is attached to this deed, it was treated in the same way as the exhibits marked "B" in the Deed of Reference.

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**14.11.** **Material Contracts** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.11.1. The
 Data Room contains all of the following agreements of Cataneo and its Affiliates that are effective with a third party (i.e. any
 entity other than Cataneo and its Affiliate) and under which either party or both parties have not yet fulfilled their primary contractual
 obligations (*Hauptleistungspflichten*) (the "**Material Contracts** "):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) agreements
 with all customers and agreements with development, integration, or other providers ()"**Partners**") in connection
 with Cataneo or its Partners conducting its course of Business, in each case in terms of overall order volume or other such measure
 with the respective customer or affiliates for the last full fiscal year and the current fiscal year to date;

b) agreements
 relating to the acquisition or sale of interests in other companies, businesses or real estate providing, in each case, for a consideration
 or, if applicable, book value of EUR 30,000 (in words: Thirty Thousand Euros) or more in the individual case;

c) agreements
 relating to joint ventures, shareholders agreements, research and development agreements relating to a material part of the Business;

d) loan
 and credit agreements between Cataneo or its Affiliates as lender or borrower and any third party (i.e. any entity other than Cataneo
 and its Affiliate) with outstanding principal amounts exceeding EUR 30,000 (in words: Thirty Thousand Euros) in the individual case
 or EUR 50,000 (in words: Fifty Thousand Euros) in the aggregate; and

e) guarantees,
 suretyships, comfort letters and similar instruments and agreements that grant or create a lien, pledge or other security interest
 over any asset of Cataneo issued or entered into by Cataneo or its Affiliates for any debt of any third party, except for liens arising
 by operation of Law and in the ordinary course of business, liens over bank accounts arising under general terms and conditions of
 banks, and customary retention of title rights (*Eigentumsvorbehalte*) in favor of partners or suppliers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.11.2. Cataneo,
 its Affiliate, and, to Sellers' Knowledge, any other party thereto is not in breach of or default under (or is alleged to be
 in breach of or default under) in any material respect, or has provided or received any Notice of any intention to terminate, any
 Material Contract. True and substantially complete copies of each Material Contract (including all modifications, amendments, and
 supplements thereto and waivers thereunder) have been Fairly Disclosed in the Data Room.

14.11.3. According
 to Sellers' Knowledge, there are no exclusivity and non-compete undertakings which would materially restrict Cataneo or its
 Affiliates to conduct its business as conducted or contemplated to be conducted on the Signing Date or on the Closing Date or to
 expand its territorial reach, except as set forth in Section 14.11.3 of the Disclosure Schedule.

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**14.12.** **Real Property; Title to Assets** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.12.1. Cataneo
 and its Affiliate have not and do not own any real estate or rights equivalent to real estate, nor are Cataneo or its Affiliates
 obliged to acquire any real property, hereditary buildings rights (*Erbbaurechte*), other in-rem real property rights (*grundstücksgleiche Rechte*), or equivalent rights in the relevant jurisdictions (together with all buildings, structures, and improvements located
 thereon, the "**Real Property** ").

14.12.2. Section
 14.12.2 of the Disclosure Schedule lists all Real Property which Cataneo or its Affiliates have a leasehold (or subleasehold) interest
 or which Cataneo or its Affiliates have otherwise leased ()"**Leased Real Property** "), including: (i) for Leased Real
 Property the street address of each parcel of Real Property and the current use of each parcel of Real Property. Sellers have Fairly
 Disclosed to Buyer true, correct, and substantially complete copies of all Contracts relating to the Real Property.

14.12.3. Cataneo
 or its Affiliates possess the title (*Eigentum/Inhaberschaft*) to, hold a leasehold (or subleasehold) interest or are entitled
 to use under unterminated contracts all Real Property and all assets (other than IP Rights), which, in each case, are material for
 Cataneo or its Affiliates to conduct business as conducted on the Signing Date. All Owned Real Property and personal property and
 other assets (including leasehold interests) are free and clear of Encumbrances except those items set forth in Section 14.12.3 of
 the Disclosure Schedule.

14.12.4. To
 Sellers' Knowledge, the Real Property and other physical assets (other than IP Rights) which are material for Cataneo or its
 Affiliates to conduct business as conducted on the Signing Date are in all material respects in an operating condition as required
 to conduct Cataneo's and its Affiliates' business in the ordinary course (subject to normal wear and tear) and have been,
 in all material respects, maintained in the ordinary course of business in accordance with past practice.

14.12.5. Except
 as identified in Section 14.12.5 of the Disclosure Schedule, none of the shareholders of Cataneo or its Affiliates own or co-use
 any tangible or intangible asset which is material for Cataneo or its Affiliates to conduct business as conducted on the Signing
 Date and which is not being transferred to Buyer upon consummation of this Agreement.

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**14.13.** **Business Securities** 

Except as listed in Section 14.13 of the Disclosure Schedule, there are no securities, guarantees, indemnities or liabilities given or assumed by or binding upon Cataneo or its Affiliates in respect of any Liability of the shareholders of Cataneo or its Affiliates.

**14.14.** **Intellectual Property** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.1. The
 term "**Intellectual Property**" means any and all of the following in any
 jurisdiction throughout the world: (i) issued patents and patent applications, inventions
 and rights to and from inventions and invention disclosures (whether or not patentable);
 (ii) (registered or non-registered) trademarks, service marks, trade names, work titles,
 and other similar indicia of source or origin, together with the goodwill connected with
 the use of and symbolized by, and all registrations, applications for registration, and renewals
 of, any of the foregoing; (iii) copyrights, neighbouring rights (*Leistungsschutzrechte*),
 rights in data and databases, including all applications and registrations; (iv) trade secrets,
 know- how, technology, manufacturing processes, and other confidential and proprietary information
 and all rights therein used in conducting the Business; (v) internet domain names and social
 media accounts and pages; (vi) (registered or non- registered) design rights, (vii) utility
 models and (viii) other intellectual or industrial property and / or proprietary rights relating
 to intellectual property and related proprietary rights, interests, and protections, (ix)
 rights in and to corresponding applications, renewals and extensions of the foregoing, as
 well as all similar rights, whether registered or not, rights and interest in and entitlements
 to the foregoing rights, and rights of use in such rights. This shall particularly include
 but not be limited to rights in work-results created or acquired in connection with the business
 purpose of Cataneo or its Affiliates, such as software (including economic rights (*vermögensrechtliche Befugnisse*) in the source code and object code of software) and related documentation,
 scientific and technical presentations, texts, audio, visual and audio-visual material, technical
 improvements, designs, concepts, as well as their respective drafts and preliminary stages.
 This shall also include, where applicable, rights in and to training data sets, machine learning
 models, model weights, prompts, and AI-generated work results to the extent protectable under
 applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.2. Section
 14.14.2 of the Disclosure Schedule contains, for Cataneo and its Affiliates, a correct and
 complete list of all Intellectual Property rights registered with the DPMA, EuIPO, WIPO or
 a comparable national or international patent and trade mark office which are owned or co-owned
 by Cataneo and its Affiliates (the "**Company IP Registrations**") (together
 with all other Intellectual Property rights owned or co-owned by Cataneo and its Affiliates,
 the "**Owned IP Rights** "). Except as set forth otherwise in Section 14.14.2
 of the Disclosure Schedule, Cataneo or its Affiliates are the sole legal and commercial owner
 of the Owned IP Rights and are free to use, exploit, enforce and dispose of (*verfügen über*) the Owned IP Rights.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.3. Cataneo
 or its Affiliates own or have the valid and enforceable right to use all (i) issued patents
 and patent applications, inventions and rights to and from inventions and invention disclosures
 (whether or not patentable); (ii) (registered or non- registered) trademarks, service marks,
 trade names; (iii) trade secrets (iv) utility models, (v) registered or non-registered designs,
 (vi) data and databases and (vii) software, used or held for use in or necessary (a) for
 the conduct of their business as currently conducted, and (b) to continue such conduct after
 the Closing (the "**Company Intellectual Property** "), free and clear of all
 Encumbrances. All of the Company Intellectual Property is, to Sellers' Knowledge, valid
 and enforceable, and all Company IP Registrations are, to Sellers' Knowledge, subsisting
 and in full force and effect. Cataneo and its Affiliates have taken all reasonable and necessary
 steps to prosecute, register, maintain, renew, protect and enforce their Intellectual Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.4. To
 Sellers' Knowledge, the conduct of Cataneo's and its Affiliates' business
 as currently and formerly conducted, and as proposed to be conducted, has not infringed,
 misappropriated, or otherwise violated, is not infringing, misappropriating or otherwise
 violating and will not infringe, misappropriate, or otherwise violate, the Intellectual Property
 or other rights of any Person. No Person has infringed, misappropriated, or otherwise violated
 any Company Intellectual Property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.5. To
 Sellers' Knowledge, none of the execution and delivery or effectiveness of this Agreement,
 the consummation of the Transaction, nor the performance of Cataneo's and its Affiliates'
 obligations under this Agreement will cause the forfeiture or termination of, or give rise
 to a right of forfeiture or termination of, any Company Intellectual Property, or impair
 the right of Cataneo and its Affiliates to use the Company Intellectual Property or any portion
 thereof. All Owned IP Right will to the same extent as before Closing be transferable, alienable
 or licensable by Buyer and/or Cataneo and its Affiliates without restriction and without
 payment of any kind to any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.14.6. To
 Sellers' Knowledge Cataneo and its Affiliates have paid all remuneration and other
 compensation asserted to Cataneo and its Affiliates relating to any commercial exploitation
 of Owned IP Rights made prior to the Closing Date to Persons entitled thereto pursuant to
 applicable Laws (in particular pursuant to the German Act on Employee Inventions, *Arbeitnehmererfindungsgesetz*)
 or any similar applicable Laws or pursuant to contractual arrangements, if applicable. To
 Sellers' Knowledge, Cataneo and its Affiliates are not obliged nor will be obliged
 after the Closing Date to pay any remuneration or other compensation for any use of Owned
 IP Rights made prior to the Closing Date. The Sellers' Knowledge obligation in this
 Section 14.14.6 shall extend to any remuneration claims that may arise under applicable laws
 from the use of artificial intelligence tools by employees in the creation of Owned IP Rights.

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**14.15.** **Information Technology Systems; Information Technology Agreements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.1. Cataneo
 and its Affiliates either own or hold valid leases and/or licenses to all computer hardware,
 software, networks and other information technology (collectively the "**Information Technology Systems** "), which is used by or necessary for Cataneo and its Affiliates
 to conduct its business as conducted at the Signing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.2. All
 Information Technology Systems are in satisfactory working order,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.2.1. are
 fit for the purpose for which they are being used and operate and perform in accordance with
 their documentation and functional specifications and otherwise as required for Cataneo and
 its Affiliates to carry on its business as conducted on the Signing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.2.2. have
 not suffered any material error, breakdown, failure or security breach within the last twelve
 (12) months prior to the Signing Date which has caused disruption or damage to the business
 of Cataneo and its Affiliates constituting a material adverse effect on Cataneo's or
 its Affiliates' business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.3. To
 Sellers' Knowledge, there have been no unauthorized intrusions or breaches of the security
 of Cataneo's or its Affiliates' Information Technology Systems except as set
 forth otherwise in Section 14.15 of the Disclosure Schedule. Cataneo and its Affiliates have
 implemented any and all current security patches, updates or upgrades that are generally
 available for their Information Technology Systems.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.4. Cataneo
 and its Affiliates have not been obligated pursuant to any Material Contract to disclose
 the source code of the software it deploys and licenses in the conduct of its Business to
 any Partner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.5. No
 software has been incorporated into, integrated or bundled into any product, service or proprietary
 software or has been otherwise used or distributed by Cataneo or its Affiliates in any way
 which would make it subject to licensing terms for open source software (e.g. the GNU General
 Public License (GPL), GNU Lesser General Public License (LGPL), Mozilla Public License (MPL),
 BSD licenses, the Artistic License, the Netscape Public License, the Sun Community Source
 License (SCSL), the Sun Industry Standards License (SISL) and the Apache License, irrespective
 of the applicable version of the licensing or distribution terms), and which would restrict
 Cataneo's or its Affiliates' ability to charge for any distribution of such product,
 service or proprietary software and the rendering of related services or to use such product,
 service or proprietary software for commercial purposes, in each case except as Fairly Disclosed
 in the Data Room.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.6. None
 of the license terms applicable to open source software used by Cataneo or its Affiliates
 create any obligations for Cataneo or its Affiliates:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.6.1. to
 disclose any trade secret which is incorporated in its product, service and/or proprietary
 software,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.6.2. to
 distribute any of the software owned or licensed by Cataneo or its Affiliates in source code
 format,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.6.3. to
 license any of Cataneo's or its Affiliates' products, services, proprietary software
 and/or licensed software for the purpose of making derivative works, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.6.4. to
 redistribute any of Cataneo's or its Affiliates' products, services, proprietary
 software and/or licensed software at no charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.15.7. To
 the Sellers' Knowledge, the Company and its Affiliates comply in all material respects
 with applicable cybersecurity laws and regulations

**14.16.** **Insurance** 

Section 14.16 of the Disclosure Schedule sets forth a true and complete list of all current policies or binders of insurance maintained by Cataneo and its Affiliates and relating to their assets, business, operations, employees, officers, and directors (collectively, the "**Insurance Policies**"). Such Insurance Policies are, to Sellers' Knowledge, in full force and effect. Neither Cataneo nor its Affiliates have received any written Notice of cancellation of, premium increase with respect to, or alteration of coverage under, any of such Insurance Policies. All premiums due on such Insurance Policies have been paid. Cataneo and its Affiliates are not in default under, or have otherwise failed to comply with, in any material respect, any provision contained in any Insurance Policy in each case in a way that would impact the scope of their available insurance protection. The Insurance Policies are sufficient for compliance with all applicable Laws and Contracts to which Cataneo and its Affiliates are a party or by which they are bound.

**14.17.** **Litigation; Governmental Orders; Third Party Claims** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.17.1. Subject
 to Section 14.17.1 of the Disclosure Schedule list, there are no claims, actions, demands,
 lawsuits, arbitrations, audits, notices of violation, (administrative) proceedings, public
 procurement Law related complaints, review proceedings (*Nachprüfverfahren*), litigation
 or investigations by public authorities (collectively, the "**Actions** ")
 pending (*anhängig*) or threatened in writing against or by Cataneo or its Affiliates
 (i) relating to non-compliance with specifications or breaches of warranties or representations
 by the products of Cataneo or its Affiliates, (ii) relating to or affecting Cataneo or its
 Affiliates or any of their properties or assets; (iii) that challenge or seek to prevent,
 enjoin, or otherwise delay the Transactions contemplated by this Agreement, or (iv) with
 a value in excess of EUR 10,000 (in words: Ten Thousand Euros).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.17.2. To
 Sellers' Knowledge, Cataneo and its Affiliates are in all material respects in compliance
 with all governmental orders against, relating to, or affecting their business, properties
 or assets.

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**14.18.** **Compliance with Laws; Permits** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.18.1. In
 the period since October 1, 2022, to Sellers' Knowledge, Cataneo and its Affiliates
 have complied, and are now complying, with all Laws applicable to them or their business,
 products, properties or assets except for any failure to comply with applicable Laws which
 is not material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.18.2. To
 Sellers' Knowledge all permits obtained, or required to be obtained, from governmental
 authorities (collectively, the "**Permits**") in order for Cataneo and its
 Affiliates to conduct their business, including, without limitation, operating any of the
 Real Property, have been obtained and are valid and in full force and effect. No governmental
 authority has informed Cataneo or its Affiliates in writing that any Permit is missing or
 invalid. Section 14.18.2 of the Disclosure Schedule lists all current Permits issued to Cataneo
 and its Affiliates and to Sellers' Knowledge no event has occurred that would reasonably
 be expected to result in the revocation or lapse, modification or amendment of any such Permit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.18.3. In
 the period since October 1, 2022, except as set out in Section 14.18.3 of the Disclosure
 Schedule, neither Cataneo nor its Affiliates have received a Governmental Order, penalty,
 fine or other sanction, with respect to a violation of applicable law or Permits, or have
 been accused of or convicted of any violation of applicable law or Permits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.18.4. To
 Sellers' Knowledge, neither Cataneo nor its Affiliates are subject to any pending administrative
 or criminal investigation regarding an alleged Compliance Case and there exist no incidents
 that are likely to result in such investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.18.5. In
 the period since October 1, 2022, neither Cataneo or its Affiliates, nor, to Sellers'
 Knowledge, any of the current or former directors, officers, employees, or agents of Cataneo
 or its Affiliates have been accused of or convicted for, in each case as a result of actions
 for or on behalf of Cataneo or its Affiliates, any Compliance Case, and neither Cataneo nor
 its Affiliates have received a written notice stating that a Compliance Case has occurred
 with regard to the aforementioned persons. There are no internal reports (including whistleblowing
 reports), which give rise to an initial suspicion that any of the aforementioned persons
 have been involved since October 1, 2022 in any Compliance Case, in each case as a result
 of actions for or on behalf of Cataneo or its Affiliates.

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**14.19.** **Data Protection** 

To Sellers' Knowledge, Cataneo and its Affiliates are not subject to an official investigation, order or informal inquiry of the competent authorities with regard to compliance with data protection laws applicable to Cataneo and its Affiliates and are not obliged under any court decision or administrative order to pay damages to data subjects or administrative fines under data protection law. No claims for such damages have been asserted by data subjects against Cataneo or its Affiliates in writing. To Sellers' Knowledge, all steps necessary to ensure that personal data is being processed in accordance with data protection laws applicable to Cataneo and its Affiliates have been taken and duly implemented by Cataneo, its Affiliates, and its employees, managing directors, board members and officers except, in each case, where a failure to do so would not or is not reasonably expected to result in a loss in excess of EUR 2,500 (in words: Two Thousand and Five Hundred Euros).

**14.20.** **Employment Matters** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.1. Section
 14.20.1 of the Disclosure Schedule and  **<u>Exhibit 14.20.1</u>** to this deed contain
 a correct and complete list of all employees, managing directors, board members, officers
 and members of other corporate bodies of Cataneo and its Affiliates, setting forth for each
 individual described, (A) the individual's title or position, hire date, and compensation,
 and (B) the other employee benefits (such as performance-related payments, anniversary, holiday
 or jubilee payments, Christmas bonuses, stock options, fringe benefits, other variable remuneration
 elements or similar rights) other than Pensions Commitments (collectively, the "**Employee Benefits**") as well as all commitments, whether of an individual or collective
 nature (including commitments based on company practice (*betriebliche Übung*))
 regarding pensions (*betriebliche Altersversorgung*) under which Cataneo and its Affiliates
 have any obligations (collectively, the "**Pension Commitments**") provided
 to each such individual. All agreements and commitments of collective nature regarding Employee
 Benefits and all Pension Commitments have been Fairly Disclosed in the Data Room. Exhibit
 14.20.1 to this deed has been treated in the same way as the exhibits marked "B"
 in the Deed of Reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.2. Cataneo's
 managing directors (*Geschäftsführer*) are Thomas Brönauer and Renato
 Rocha Pinto. Christian Unterseer has resigned from his office as managing director of Contentmarket
 before Signing. <u>Renato Rocha Pinto</u> has been appointed managing director of Contentmarket
 prior to Signing. Cataneo d.o.o's managing directors are Julien Saisset-Roche and Horst
 Friedrich.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.3. Section
 14.20.3 of the Disclosure Schedule contains for Cataneo and its Affiliate a correct and complete
 list of their leadership team, i.e. all first level officers below the managing directors
 (*Gruppenleiter*) (collectively, the "**Key Employees** "). None of the
 Key Employees and, except as expressly provided for in this Agreement, no managing director,
 board member, officer or member of other corporate bodies of the Company or its Affiliate
 have given Notice of termination or requested amendment of his/her employment agreement or
 has announced such termination or request for amendment. The execution and performance of
 this Agreement or the Transactions contemplated therein do not trigger any rights or claims
 of any Key Employee, managing director, board member, officer or member of other corporate
 bodies of the Company or its Affiliate.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.4. Cataneo
 and its Affiliate are not a member in any employers' association (*Arbeitgeberverband*)
 and no collective bargaining agreements (*Tarifverträge*) apply to the employees
 of Cataneo or its Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.5. There
 is no works council (*Betriebsrat*) competent for the employees of Cataneo or its Affiliates
 and no works agreements (*Betriebsvereinbarungen*) (including joint works agreements
 (*Gesamtbetriebsvereinbarungen*) and group works agreements (*Konzernbetriebsvereinbarungen*))
 apply to the employees of Cataneo or its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.20.6. In
 the last three (3) years prior to the date of this Agreement Cataneo and its Affiliates have
 not experienced any strike, lockout or labor interruption. Except as disclosed in Section
 14.20.6 in the Disclosure Schedule, Cataneo and its Affiliates are not involved in any legal
 proceedings before any court with any current or former employee, managing director, board
 member, officer or member of other corporate bodies. To Sellers' Knowledge, and except
 as disclosed in the Disclosure Schedule, no such legal proceedings have been threatened against
 Cataneo or its Affiliates.

**14.21.** **Full Disclosure** 

No representation or warranty by Sellers in this Agreement and no statement contained in the Disclosure Schedule to this Agreement or any certificate or other document furnished or to be furnished to Buyer pursuant to this Agreement contains any untrue statement of a material fact, or omits to state a material fact necessary to make the statements contained therein. Sellers have disclosed to Buyer all facts or circumstances relating to Cataneo, its Affiliates and their Business that are material and reasonably relevant, from the perspective of a cautious businessman as buyer, to evaluate Cataneo, its Affiliates, their Business and the associated risks and opportunities.

**14.22.** **Sellers as Investor in Consideration Shares** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.22.1. Sellers
 acquire the Consideration Shares for investment for Sellers' own accounts, not as a
 nominee or agent. Sellers have received all information from the Buyer and its management
 that the Buyer considers necessary or appropriate for deciding whether to purchase the Consideration
 Shares hereunder. Sellers further represent that they have had an opportunity to ask questions
 and receive answers from the Buyer regarding the Buyer, its financial condition, results
 of operations and prospects and terms and conditions of the offering of the Consideration
 Shares sufficient to enable it to evaluate its investment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.22.2. Each
 Seller is an "**accredited investor**" (as defined in Regulation
 D under the Securities Act). Each Seller has such knowledge and experience in financial or
 business matters that he or it is capable of evaluating the merits and risks of the investment
 in the Consideration Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.22.3. Neither
 Sellers, Cataneo or its Affiliates beneficially own any securities of Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.22.4. Sellers
 understand that the Consideration Shares, when issued, shall be "**restricted securities**" under the federal securities Laws inasmuch as they are being acquired
 from Buyer or a third party on behalf of Buyer in a transaction not involving a Public Offering
 and that under such Laws the Consideration Shares may be resold without registration under
 the Securities Act only in certain limited circumstances. Sellers represent that they are
 familiar with Rule 144 of the Securities Act, as presently in effect.

14.22.5 Sellers
 understand that any certificates representing the Consideration Shares and Severance Shares
 shall bear the following legends:

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

**15.** **Buyer's Remedies** 

**15.1.** **Buyer Claims** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1.1. In
 the event that any of the Sellers' Warranties prove to be inaccurate, or of a breach
 of any obligation of Sellers under or in connection with this Agreement, Sellers shall put
 Buyer into the position it would have been in had the Sellers' Warranty not been inaccurate
 or the Sellers' obligation not been breached (restitution in kind; *Naturalrestitution*).
 If, and to the extent Sellers fail to effect restitution in kind, Buyer shall be entitled
 to request from Sellers payment of damages (*Schadensersatz in Geld*) to Buyer for the
 Losses incurred by Buyer as a result of the incorrectness of Sellers' Warranty or the
 breach of the obligation of Sellers, as applicable. Sellers shall at any time be entitled
 to render payment of damages instead of restitution in kind. Claims of Buyer pursuant to
 this Section 15.1.1, which, for the avoidance of doubt, do not include any Tax Indemnification
 Claim, shall be referred to as the "**Buyer Claims** ". Sellers shall be jointly
 and severally liable.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1.2. "**Losses** "
 shall mean damages (*Schäden*) within the meaning of sections 249 et seqq. BGB
 that have been actually incurred by Buyer. For the avoidance of doubt, the obligation of
 the Sellers to compensate the Buyer, or at the election of the Buyer, the Company for incurred
 damages and Losses includes only any direct damages. Consequential and indirect damages (*Folgeschäden, mittelbare Schäden*) and lost profits (*entgangener Gewinn*), lost opportunities
 and frustrated expenses (*vergebliche Aufwendungen*) within the meaning of Section 284
 BGB are excluded. Any Liability due to a recalculation (*Neuberechnung*) of the Consideration
 upon a breach of a Sellers' Warranty is explicitly excluded, unless the breach is based
 on fraud (*Arglist*) or willful misconduct (*Vorsatz*) by or on behalf of Sellers
 or any Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1.3. If
 a Sellers' Warranty contained in Section 14.8 is incorrect, the Losses shall at least
 equal the amount that is necessary to put Buyer in the position as if Sellers' Warranty
 had not been breached (filling of balance sheet, *Bilanzauffüllung*), provided
 that if Sellers' Warranty is breached because a provision for a certain matter has
 not been made at all, or not in the appropriate amount, Losses shall not exceed the difference
 between the actual (or reasonably expected) damage or detriment of Buyer and the amount of
 the provisions actually made in the Financial Statements.

**15.2.** **Exclusion of Buyer Claims** 

Sellers shall not be liable for, and Buyer shall not be entitled to bring, any Buyer Claim if and to the extent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.1. the
 facts or circumstances giving rise to the claim have been taken into account (i) as Liability
 (*Verbindlichkeit*), specific provision (*Rückstellung*), specific depreciation
 (*Abschreibung*), specific value adjustment (*Wertberichtigung*) or otherwise specifically
 in the Financial Statements 2024 and 2025 of the Company and/or (ii) as a deduction item
 in the determination of the Consideration pursuant to Section 6.1.1, it being understood
 that any specific or generic provision made for product warranty or product liability in
 the Effective Date Balance Sheet and which is accordingly included as Effective Date Financial
 Debt shall reduce (and be set off against) Sellers' liability under this Agreement
 with regard to any product warranty or product liability related claims;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.2. Losses
 have actually been recovered from a third party, including under any insurance policy maintained
 by, or for the benefit of the Company or the Buyer existing immediately prior to the Closing
 if such insurance had not been terminated after Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.3. Buyer,
 any Affiliate of Buyer or, after the Closing Date, Cataneo or its Affiliates has (i) caused
 or partially caused the facts or circumstances giving rise to the claim or (ii) failed to
 mitigate damages;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.4. the
 matter to which the claim relates was caused by the passing of or any change in any Law,
 or in the interpretation or application thereof by any administrative body or court, after
 the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2.5. the
 facts or circumstances giving rise to the claim have been Fairly Disclosed to Buyer. For
 the purpose of this Section 15.2.5 facts or circumstances shall be considered as "**Fairly Disclosed**" if the information has been disclosed in the Disclosure Schedules or
 in the Data Room Documents in such manner and with sufficient detail that the nature and
 scope of the relevant claim and the resulting risk could reasonably be expected to be discovered
 and understood by an experienced and diligent Buyer. "**Data Room Documents** "
 shall mean the documents and diligence question logs made accessible during the period commencing
 on 09 September 2024 and ending on the date of Signing through a virtual data room set up
 on sharedrive under the designation BENAI-Dokumente (the "**Data Room** ").
 For identification purposes the Data Room Documents have also been stored on an electronic
 data storage medium in the form of a USB flash drive and handed over to the Notary to be
 taken into custody until three (3) years after Signing, unless otherwise unanimously instructed
 in writing by the Parties. A copy of the USB flash drive will be handed over to any Party
 upon request. The notary has not reviewed the USB flash drive and shall not be liable for
 its content or the durability of the data stored on the USB flash drive and will not arrange
 for any special protection of the USB flash drive against theft, fire or natural disasters.
 After expiration of the storage period, the Notary shall hand over the USB flash drive to
 Buyer.

**15.3.** **Prohibiting Double Recovery** 

Buyer shall not be entitled to recover damages or obtain payment, reimbursement, restitution or indemnity more than once in respect of any Liability, Loss, cost, shortfall, damage, breach or other set of circumstances that gives rise to more than one (1) claim.

**16.** **Claim Procedures** 

**16.1.** **Buyer Claim Procedure** 

Buyer shall without undue delay, but in any event thirty (30) Business Days after Buyer has gained knowledge of facts that are reasonably likely to form the basis of a Buyer Claim, give Sellers' Notice of such alleged claim, stating in such Notice in reasonable detail the nature thereof (including all relevant available facts and circumstances) and the amount involved, to the extent that such amount has been determined at the time when such Notice is given.

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**16.2.** **Third Party Claim Procedure** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2.1. If
 a third party asserts or threatens to assert any claim against Buyer or Cataneo or its Affiliates,
 or if Buyer or Cataneo or its Affiliates is subjected to any audit or examination by any
 public authority, in each case based on facts or circumstances that are reasonably likely
 to give rise to a Buyer Claim (each a "**Third Party Claim** "), Buyer shall,
 notwithstanding its obligations pursuant to Section 16.1, give Sellers' Notice of such
 Third Party Claim within twenty (20) Business Days after Buyer has learned of any of the
 aforementioned actions or circumstances. The provisions of Section 16.1 shall apply accordingly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2.2. Buyer
 will procure that Cataneo or its Affiliates will make no admission of Liability with respect
 to any Third Party Claim which involves potential Liability against Sellers without consulting
 Sellers and receiving written consent of Sellers for such admission regarding the Third Party
 Claim and the Third Party Claim will not be compromised, disposed of or settled without the
 prior consultation and written consent of Sellers which shall not be unreasonably withheld.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2.3. If
 Sellers wish to defend Buyer or Cataneo or its Affiliates against the Third Party Claim in
 their name and on their behalf, Sellers shall give Notice to Buyer of such decision within
 a period of three (3) weeks after having been duly notified of the Third Party Claim in accordance
 with Section 16.2.1. Upon such notification and provided that Sellers have acknowledged its
 responsibility for such Third Party Claim under this Agreement, Sellers shall be entitled
 to take any action it deems necessary to defend against or appeal the Third Party Claim (including
 the assertion and pursuit of counter-claims or other claims against any third parties) at
 its sole discretion in the name and on behalf of Buyer or Cataneo or its Affiliates in each
 case taking into account the legitimate business interests of Buyer and provided that Buyer
 or Cataneo or its Affiliates shall have the right to participate in the defense of any Third
 Party Claim. Sellers shall not have the right to assume or direct the defense of any Third-Party
 Claim that (a) seeks an injunction or other equitable relief against Buyer or Cataneo or
 its Affiliates (from and after the Closing), (b) involves any criminal charges, (c) is reasonably
 anticipated to exceed the applicable maximum Liability amounts of Sellers pursuant to this
 Agreement. In the event that Sellers timely elect to assume such defense but then fail to
 promptly commence and diligently pursue the defense against a Third Party Claim pursuant
 to this Section 16.2.3, Buyer shall in such events be entitled to assume the defense of such
 Third Party Claim and to take any action it deems necessary to defend against or appeal the
 Third Party Claim (including the assertion and pursuit of counter-claims or other claims
 against any third parties), if Buyer has notified Sellers of its intention in advance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2.4. To
 the extent that Sellers were in breach of a Sellers' Warranty, all costs and expenses
 incurred by Buyer or Cataneo or its Affiliates in connection with the defense against the
 Third-Party Claim shall be borne by Sellers. If Sellers have assumed or directed the defense
 of any Third-Party Claim, all costs and expenses incurred by Sellers in connection with such
 defense shall be borne by Sellers, irrespective of whether Sellers were in breach of a Sellers'
 Warranty.

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**17.** **Limitation of Claims** 

**17.1.** **Exclusive Regime** 

The Parties agree that the rights and remedies that Buyer may have against Sellers under or in connection with this Agreement and the Transaction shall be limited to the rights and remedies expressly provided for herein and shall be solely governed by this Agreement. All other rights or remedies of any legal nature that Buyer may otherwise have against Sellers under or in connection with this Agreement or the Transaction are hereby waived by Buyer and excluded to the largest extent permitted under applicable Law, in particular any (i) right to withdraw (*zurücktreten*) from this Agreement or to require the winding up (*Rückabwicklung*) of the Transaction (e.g. by way of *großer Schadensersatz*), (ii) claims for breach of pre-contractual obligations (culpa in contrahendo, including claims arising under sections 241 (2), 311 (2) and (3) BGB) or ancillary obligations (positive Forderungsverletzung, including claims arising under sections 280, 282 BGB), (iii) claims in connection with frustration of contract pursuant to section 313 BGB (*Störung der Geschäftsgrundlage*) , (iv) claims for defects of the sold assets (Mängelrechte) under sections 434 et seq. BGB, (v) rights to rescind (*anfechten*) or otherwise terminate this Agreement and (vi) other statutory rights or remedies.

**17.2.** **De minimis, Basket, Cap** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.1. Buyer
 shall only be entitled to bring any claims under or in connection with this Agreement other
 than pursuant to Sections VII (Tax Matters) and VIII (Indemnification) if and to the extent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.1.1. such
 claim exceeds an amount of EUR 25,000 (in words: Twenty Five Thousand Euros) (the "**De Minimis Amount** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.1.2. the
 aggregate amount of all such claims exceeding the De Minimis Amount exceeds an amount of
 EUR 350,000 (in words: Three Hundred Fifty Thousand Euros) (the "**Deductible Amount** ").
 <br>
 If the thresholds pursuant to Section 17.2.1.1 and Section 17.2.1.2 are exceeded, the entire
 amount shall be taken into account and not only the exceeding amount (*Freigrenze*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.2. The
 aggregate total Liability of Sellers for any and all claims under or in connection with this
 Agreement shall be limited to USD 3,000,000 (in words: Three Million Dollars) (the "**Cap** ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.2.3. The
 Cap shall not apply to any claim to pay the Adjustment Amount, claims for breach of any of
 Sellers' Warranties listed in Sections 14.2 through 14.6 (the "**Fundamental Warranties**") and claims pursuant to Sections VII (Tax Matters) and VIII (Indemnification).

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**17.3.** **Time Limitations** 

All claims of Buyer arising under or in connection with this Agreement shall become time-barred (*verjähren*) twelve (12) months after the Closing Date, except for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.3.1. claims
 resulting from a breach of any of the Fundamental Warranties, which shall become time-barred
 three (3) years after the Closing Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.3.2. claims
 pursuant to Section VII (Tax Matters), which shall become time-barred pursuant to Section
 26; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17.3.3. claims
 pursuant to Section VIII (Indemnification) which shall become time-barred three (3) years
 after the Closing Date.

**17.4.** **Intentional or Fraudulent Behavior** 

The limitations of Liability in this Agreement, including limitations with regard to the term Losses and the limitations set forth in Sections 15 to 17, shall not apply if a breach is based on fraud (*Arglist*) or willful misconduct (*Vorsatz*) by or on behalf of Sellers or any Affiliates.

**18.** **Representations and Warranties of Buyer and BEN** 

18.1. Buyer
 and BEN, as joint debtors (*Gesamtschuldner*), represent and warrant (*garantieren*)
 to Sellers, by way of an independent promise of guarantee (*selbständiges Garantieversprechen*)
 pursuant to section 311 (1) BGB, within the scope and subject to the remedies and limitations
 set forth in this Agreement, that the statements contained in this Section 18 (the "**Buyer Warranties**") are true and correct as of the Signing Date and the Closing Date,
 unless a Buyer Warranty is explicitly made as of a different date, in which case such Buyer
 Warranty shall be correct only as of such different date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.1. BEN
 is a U.S. Corporation, duly incorporated and validly existing under the Laws of the state
 of Delaware, USA, with the requisite power and authority to own and use its properties and
 assets and to carry on its business as currently conducted. The shares of common stock, par
 value USD 0.0001 per share, of BEN (the "**BNAI Common Stock**") are traded
 on the NASDAQ stock exchange under the ticker symbol 'BNAI'. BEN has all requisite
 corporate power and authority to enter into this Agreement, to carry out its obligations
 hereunder, and to consummate the Transaction contemplated hereby. The copies of the certificate
 of incorporation and by-laws of Buyer as most recently filed with the Buyer's SEC Documents
 are true, correct, and complete copies of such documents as in effect as of the date of this
 Agreement. The execution and delivery by BEN of this Agreement, the performance by BEN of
 its respective obligations hereunder, and the consummation by BEN of the Transaction contemplated
 hereby have been duly authorized by all requisite corporate action on the part of BEN. As
 used in this Agreement, "**BEN's SEC Documents**" shall mean all registration
 statements, prospectuses, reports, schedules, forms, statements, and other documents (including
 exhibits and all other information incorporated by reference) required to be filed or furnished
 by Buyer with the SEC, and "**SEC**" shall mean the U.S. Securities and Exchange
 Commission.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.2. The
 execution, delivery, and performance by BEN of this Agreement, and the consummation of the
 Transaction contemplated hereby, do not and will not: (i) violate or conflict with any provision
 of the certificate of incorporation, by-laws, or other governing documents of Buyer or any
 of its subsidiaries; (ii) violate any provision of any Law or governmental order applicable
 to Buyer or any of its subsidiaries; or (iii) constitute a breach of, or default under (or
 an event which, with notice or lapse of time or both, would become a default under) or conflict
 with, or give rise to any right of termination, cancellation or acceleration of, any agreement,
 arrangement or instrument, whether written or oral, by which Buyer or any of its subsidiaries
 is bound

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.3. No
 insolvency proceedings (*Insolvenzverfahren*) or similar proceedings under applicable
 Laws are pending regarding BEN or any of its subsidiaries and neither BEN nor any such subsidiary
 is required under applicable Laws to file for any such proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.4. No
 consent, approval, authorization or other order of or filing with any Governmental Authority
 is required to be obtained by BEN in connection with the authorization, execution and delivery
 of this Agreement or with the issuance and sale of the Consideration Shares at the Closing,
 except the filing of a Current Report on Form 8-K and a Notice of Sale of Securities on Form
 D with the SEC to the extent required by applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.5. The
 authorized capitalization of BEN consists of: (a) 750,000,000 BNAI Common Stock and (b) 10,000,000
 shares of preferred stock, USD 0.0001 par value ()"**Preferred Stock** ")).
 As of the date hereof: (i) 6,521,559 BNAI Common Stock are issued and outstanding;
 (ii) no shares of Preferred Stock are issued and outstanding; (iii) private warrants to purchase
 538,868 shares of Common Stock are outstanding; (iv) public warrants to purchase 1,644,096
 shares of Common Stock are outstanding; and (v) options to purchase 1,386,640 shares
 of Common Stock are outstanding. Except as described in the immediately preceding sentence,
 as of the date hereof, there are no outstanding (A) securities of BEN or any of its subsidiaries
 convertible into or exchangeable for shares of capital stock of BEN, (B) options, warrants,
 or other agreements or commitments to acquire from BEN or any of its subsidiaries, or obligations
 of BEN or any of its subsidiaries to issue, any shares of capital stock of (or securities
 convertible into or exchangeable for shares of capital stock of) BEN, or (C) restricted shares,
 restricted stock units, stock appreciation rights, performance shares, profit participation
 rights, contingent value rights, "phantom" stock, or similar securities or rights
 that are derivative of, or provide economic benefits based, directly or indirectly, on the
 value or price of, any shares of capital stock of BEN, in each case that have been issued
 by Buyer or its subsidiaries. All outstanding shares of Common Stock, and all outstanding
 shares of capital stock, voting securities, or other ownership interests in any subsidiary
 of BEN, have been issued or granted, as applicable, in compliance in all material respects
 with all applicable securities Laws. The sale and issuance of the Shares will not obligate
 BEN to issue shares of Common Stock or other securities to any other person and will not
 result in a right of any holder of securities issued by BEN to adjust the exercise, conversion,
 or exchange price or ratio under any such securities. Other than as set forth in BEN's
 SEC Documents, BEN is not a party to any stockholders, voting or similar agreement with any
 other person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.6. When
 issued and delivered in accordance with the terms hereof against payment therefore, the Consideration
 Shares shall be validly issued, fully paid and nonassessable, free from any liens, encumbrances
 or restrictions on transfer, including preemptive rights, rights of first refusal or other
 similar rights, other than as arising pursuant to this Agreement, including but not limited
 to Section 6.1.3.2.2, as a result of any action by Sellers or under federal or state securities
 Laws. Assuming the accuracy of the representations and warranties of Sellers in this Agreement,
 the Consideration Shares will be issued in compliance with all applicable federal and state
 securities Laws and accordance with the NASDAQ stock exchange rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.7. From
 and after April 16, 2026, BEN has timely filed with or furnished to, as applicable,
 all of the Buyer's SEC Documents. As of their respective filing dates (or date of amendment,
 if amended), each of Buyer's SEC Documents (i) complied as to form in all material
 respects with the requirements of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**") (as the case may be), and the rules and regulations of the SEC promulgated
 thereunder applicable to such Buyer's SEC Documents, and (ii) contained no untrue statement
 of a material fact or omitted to state a material fact required to be stated therein or necessary
 in order to make the statements therein, in light of the circumstances under which they were
 made, not misleading. Buyer is in compliance in all material respects with all of the applicable
 listing and corporate governance rules of the NASDAQ.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.8. From
 and after April 16, 2026 to the date hereof, (i) there have been no events, occurrences
 or developments that have had or would reasonably be expected to have, either individually
 or in the aggregate, a Material Adverse Effect and (ii) Buyer has not incurred any liabilities
 other than (A) trade payables, accrued expenses and other liabilities incurred in the ordinary
 course of business consistent with past practice, (B) liabilities not required to be reflected
 in Buyer's financial statements pursuant to GAAP or disclosed in filings made with
 the SEC and (C) liabilities that would not, individually or in the aggregate, reasonably
 be expected to have a Material Adverse Effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.9. There
 is no action, suit, proceeding or investigation pending, or to the Knowledge of Buyer, threatened
 which (i) would reasonably be expected to materially adversely affect or successfully challenge
 the legality, validity or enforceability of this Agreement or (ii) except as specifically
 disclosed in Buyer's SEC Documents, would, if there were an unfavorable decision, individually
 or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect.
 Except as disclosed in Buyer's SEC Documents, neither Buyer nor, to the Knowledge of
 Buyer, any director or officer thereof is or has been the subject of any action, suit, proceeding
 or investigation involving a claim of violation of or liability under federal or state securities
 laws or a claim of breach of fiduciary duty relating to actions taken at Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.10. Buyer
 is not, and is not an affiliate of, and immediately after receipt of payment for the Consideration
 Shares, will not be or be an affiliate of, an "**Investment Company**" within
 the meaning of the Investment Company Act of 1940, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.11. Neither
 Buyer nor any Person acting on behalf of Buyer has offered or sold any of the Consideration
 Shares by any form of general solicitation or general advertising (within the meaning of
 Regulation D of the Securities Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.12. Neither
 Buyer nor any of its subsidiaries engages in the design, fabrication, development, testing,
 production or manufacture of one (1) or more "**Critical Technologies**" within
 the meaning of the U.S. Defense Production Act of 1950, as amended, including all implementing
 regulations thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1.13. No
 representation or warranty by Buyer in this Agreement and no statement contained in any certificate
 or other document furnished or to be furnished to Sellers pursuant to this Agreement contains
 any untrue statement of a material fact, or omits to state a material fact necessary to make
 the statements contained therein.

18.2. Sections
 16 and 22 shall apply mutatis mutandis to any Sellers' claims under this Section 18,
 provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2.1. The
 aggregate total liability of Buyer for any and all claims under this Section 18 shall be
 limited to the Cap and, if applicable, shall be settled in equity transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2.2. The
 Cap shall not apply to claims for breach of any of Buyer Warranties listed in Sections 18.1.1
 through 18.1.6 ()"**Fundamental Buyer Warranties** "), provided, however, that
 Buyer's overall liability for any and all claims under this Section 18 shall in no
 event exceed the amount of the Equity Consideration (determined based on the Agreed Share
 Value); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.2.3. Claims
 resulting from a breach of any of the Fundamental Buyer Warranties shall become time-barred
 five (5) years after the Closing Date and any other claims under this Section 18 shall become
 time-barred eighteen (18) months after the Closing Date.

18.3. For
 purposes of this Agreement, "**Knowledge of Buyer**" and any similar phrases
 shall mean the actual knowledge (*positive Kenntnis*) of Sellers and managing directors
 of the Company and its Affiliates of any fact or circumstance or Sellers having failed to
 obtain knowledge due to gross negligence (*grob fahrlässige Unkenntnis*) of such
 fact or circumstance until the Signing Date.

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**VI. Covenants**

**19.** **Conduct of Business until Closing** 

19.1. Sellers
 shall cause Cataneo and its Affiliates to conduct the Business until the Closing Date only
 in the ordinary course of business consistent with past practice unless Buyer has consented
 to the specific measure or activity.

19.2. Sellers
 shall, and shall cause Cataneo and its Affiliates, at the Buyer's expense, to cooperate
 with and support Buyer in converting the financial statements of Cataneo and its Affiliates
 to United States Generally Accepted Accounting Principles (US-GAAP), including by providing
 all information, documents and access reasonably required for such purpose in a timely manner.

19.3. Sellers
 shall, and shall cause Cataneo and its Affiliates, at the Buyer's expense, to cooperate
 with and support Buyer in preparing, establishing, executing and consummating a profit and
 loss transfer agreement (*Ergebnisabführungsvertrag*) between Buyer (or an Affiliate
 designated by Buyer) and Cataneo. Such cooperation shall include, without limitation, the
 provision of all information and documents reasonably necessary for the preparation, negotiation
 and execution of such agreement.

19.4. Sellers
 shall not take in relation to Cataneo and its Affiliates and shall cause Cataneo not
 to take any of the following measures or activities unless Buyer has consented to them:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.1. Make
 any change in authorized equity ownership interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.2. Sell,
 purchase, transfer, acquire, redeem or issue any shares or other equity interests, securities
 convertible into shares or other equity interests, or any debt securities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.3. Issue
 or grant any options, warrants, conversion rights or other rights to purchase shares or other
 equity interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.4. Purchase
 or otherwise acquire or agree to acquire for a consideration any shares (other than in a
 fiduciary capacity);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.5. Take
 any action, or authorize any Person to take any actions relating to the disposition of Cataneo's
 and its Affiliates' business or assets, or the sale of any shares in Cataneo or its
 Affiliates to, or the merger with, any Person other than Buyer;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.6. Enter
 into or amend any pension, retirement, profit sharing, deferred compensation, consultant,
 bonus, or similar plan or agreement in respect of any of its shareholders or other employees,
 or increase the current level of contributions to any such plan now in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.7. Acquire,
 consolidate or merge with any other company, corporation, or association, or acquire, other
 than in the ordinary course of business, any assets of any other company, corporation, or
 association;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.8. Mortgage,
 pledge, or subject to a lien or any other Encumbrance, any of their assets, dispose of any
 of their assets, incur or cancel any debts or claims, or increase the current level of compensation
 or benefits payable to its members or employees except in the ordinary course of their business
 as heretofore conducted, or take any other action not in the ordinary course of their business
 as heretofore conducted, or incur any material obligation, or enter into any material contract
 except as provided for in this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.9. Amend
 organizational documents, in particular the articles of association of Cataneo or its Affiliate
 or operating agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.10. Take
 any material shareholders' resolutions, including with respect to reorganization, dissolution
 or liquidation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.11. Enter
 into or amend any agreements involving annual payment obligations in excess of EUR 10,000
 (in words: Ten Thousand Euros) in the individual case, except for any employment agreements
 and supply agreements entered into in the ordinary course of business consistent with past
 practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.12. Terminate,
 materially amend, or materially breach any Material Contract (as defined in Section 14.11),
 or waive any material rights thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.13. Enter
 into any loan agreements with a party exceeding a principal amount of EUR 5,000 (in words:
 Five Thousand Euros) in the individual case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.14. Make
 any capital expenditures in excess of EUR 10,000 (in words: Ten Thousand Euros) in the individual
 case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.15. Acknowledge
 (*anerkennen*) any claims exceeding EUR 5,000 (in words: Five Thousand Euros) in the
 individual case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.16. Enter
 into any settlement agreement (*Vergleich*) with a value in dispute exceeding EUR 5,000
 (in words: Five Thousand Euros) in the individual case;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.17. Appoint
 or dismiss any managing directors (*Geschäftsführer*) or directors of Cataneo,
 except for dismissal for cause (*aus wichtigem Grund*);

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.18. Terminate,
 materially amend, or fail to renew any agreement with any of the top ten (10) customers of
 Cataneo or its Affiliates (measured by revenue in the twelve (12) months preceding the Signing
 Date);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.19. Enter
 into, amend, or terminate any transaction or agreement between Cataneo or its Affiliates,
 on the one hand, and any Seller or any of its Affiliates, on the other hand, other than on
 arm's length terms and in the ordinary course of business consistent with past practice;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.4.20. To
 the extent it may affect or relate to Cataneo or its Affiliates: (i) make, change, or rescind
 any Tax election; (ii) amend any Tax Return, except (a) for monthly VAT returns or (b) as
 required by applicable Laws; (iii) change any method of accounting for Tax purposes; (iv)
 change any annual Tax accounting period, or (v) enter into an contractual obligation or request
 any binding ruling in respect of Taxes with any governmental authority.

**20.** **Further Assurances** 

20.1. Following
 the Closing, each of the Parties shall, and shall cause their respective Affiliates to, execute
 and deliver such additional documents and instruments and take such further actions as may
 be reasonably required to carry out the provisions hereof and give effect to the Transaction
 contemplated by this Agreement.

20.2. Sellers,
 Cataneo and its Affiliates acknowledge that BEN is a U.S. public company with its shares
 listed on NASDAQ stock exchange and subject to various reporting, disclosure and filing requirements
 under Law. Sellers, Cataneo and its Affiliates covenant and agree to cooperate with Buyer's
 reasonable requests in order to prepare the pro forma financial statements and historical
 financial statements of Cataneo and its Affiliates for the periods required to be filed by
 Buyer with the SEC, in connection with Buyer's obligations to report the Transaction
 on a Current Report on Form 8-K or in connection with any registration statement filed by
 Buyer, or as otherwise required by Law. Sellers shall, and shall cause Cataneo and its Affiliates
 to, obtain from the registered accounting firm that audited the historical financial statements
 of Cataneo and its Affiliates to deliver all required consents for the inclusion of such
 historical financial statements in any filings made by Buyer. Sellers acknowledge that the
 filings described in this Section 20.2 necessitate timely cooperation, including cooperation
 in the performance of incremental audit procedures necessary, by Sellers and Cataneo and
 its Affiliates to facilitate the execution and filing of an auditor's consent. Sellers
 shall ensure that Cataneo and its Affiliates promptly cooperate from and after the date hereof
 including following the Closing to facilitate such actions and to supply the requested information
 as described in this Section 20.2. Buyer shall reimburse Sellers for any reasonable out-of-pocket
 costs incurred in providing the cooperation described in this Section 20.2.

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**VII. Tax Matters**

**21.** **Tax Representations** 

Sellers represent and warrant (*garantieren*) to Buyer by way of an independent promise of guarantee (*selbständiges Garantieversprechen*) pursuant to section 311 (1) BGB within the scope and subject to the remedies and limitations set forth in this Agreement that the statements contained in this Section 21 (the "**Tax Representations**") are, taking into account the facts and circumstances set forth in **<u>Exhibit 21</u>** (the "**Tax Disclosure Schedule**"), true and correct as of the Signing Date.

21.1. To
 Sellers' Knowledge, all returns, declarations, reports, information returns and statements,
 and other documents relating to Taxes (including amended returns and claims for refund) (collectively,
 "Tax Returns") required to be filed by Cataneo and its Affiliates on or
 before the Closing Date have been timely filed. Such Tax Returns are true, correct, and complete
 in all respects.

21.2. To
 Sellers' Knowledge, all Taxes due and owing by Cataneo and its Affiliates (whether
 or not shown on any Tax Return) have been timely paid. No extensions or waivers of statutes
 of limitations have been given or requested with respect to any Taxes of Cataneo and its
 Affiliates.

21.3. To
 Sellers' Knowledge, Cataneo and its Affiliates keeps books of accounts as required
 by applicable Law, and the application thereof by the competent Taxing Authority, and have
 sufficient records relating to past events during all times prior to and including the Closing
 Date.

21.4. To
 Sellers' Knowledge, there are no liens for Taxes (other than for current Taxes not
 yet due and payable) upon the assets of Cataneo or its Affiliates.

21.5. Cataneo
 and its Affiliates have their registered office and place of effective management in the
 jurisdiction of incorporation, and do not have any permanent establishments (*Betriebstätten*)
 outside such jurisdiction, other than a permanent establishment for VAT purposes that Cataneo,
 d.o.o. might have in Germany, if any.

**22.** **Tax Indemnification** 

Sellers shall pay to Buyer an amount equal to any Indemnifiable Tax (the "**Tax Indemnification Claim**"), provided that Sellers shall not be liable vis-à-vis Buyer (and the Tax Indemnification Claim shall be reduced accordingly) if and to the extent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.1. the
 respective Tax has been paid or otherwise discharged until the Effective Date; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.2. a
 specific Liability (*Verbindlichkeit*) or provision (*Rückstellung*) for the
 Indemnifiable Tax is included in the Final Effective Date Balance Sheet and has reduced the
 Consideration.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.3. Cataneo
 and its Affiliates are entitled to any benefits in the form of Taxes that result directly
 from the circumstances giving rise to the Indemnifiable Tax and arise for periods or portions
 thereof beginning on or after the Effective Date, including (without limitation) benefits
 resulting from the lengthening of any amortization or depreciation periods, a step- up in
 the Tax basis of assets (e. g. triggered by a mutual agreement procedure – "*Verständigungsverfahren* "),
 the non- recognition of liabilities or provisions for any period prior to the Effective Date
 (*Phasenverschiebung*) (herein collectively "Tax Benefits"), it being
 understood that the present value of the corresponding Tax Benefits shall reduce the Tax
 Indemnification Claim. The present value shall be calculated on a lump-sum basis taking into
 account (i) the (expected) reduction of the Tax base, (ii) the Tax rates applicable (or expected
 to be applicable) in the year in which the respective Tax Benefit arises, and (iii) an applied
 discount rate of three (3) per cent per annum. If the discount period cannot be determined
 a period of five (5) years shall be used;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.4. the
 income resulting in the respective Tax is offset against a loss-carry back or loss carry
 forward available at the level of Cataneo and its Affiliates and generated in periods or
 portions thereof ending on or before the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.5. the
 respective Tax results from (i) a change in the exercise of any Tax election right or (ii)
 the termination of any Tax consolidation scheme or (iii) a corporate reorganization, in each
 case of (i) through (iii) with retroactive effect under statutory tax law to periods prior
 to the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.6. the
 Buyer has failed to comply with its obligations set forth in Section 22.3 and such failure
 has materially prejudiced the defense of the Sellers against the relevant Tax; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1.7. the
 amount of Taxes is recovered or could be recovered under a fully valid and enforceable claim
 from a third party (other than any officer or employee of Cataneo, the Buyer or any of their
 Affiliates), including under an insurance policy in force on the Signing Date.

22.2. Any
 amounts payable to Buyer under this Section 22 shall be payable and due within ten (10) Business
 Days after the Sellers have been notified by the Buyer about the amount payable and the date
 on which the Tax is due by providing a copy of the Tax assessment notice, if available, but
 not prior to three (3) Business Days prior to the day on which the respective Tax is due
 for payment by Cataneo and its Affiliates to the competent Taxing Authority even if the assessment
 does not yet have binding effect (*formelle Bestandskraft*).

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22.3. As
 from the Closing Date, Buyer shall cause Cataneo and its Affiliates to prepare and file,
 when due, all Tax returns required to be filed by or on behalf of Cataneo and its Affiliates
 with respect to any taxable period ending before or including the Effective Date. The Buyer
 shall provide, or cause to be provided, drafts of such Tax returns, excluding preliminary
 Tax returns and Tax returns filed on a monthly basis, to Sellers not later than four (4)
 weeks before the relevant filing date. All such Tax returns and any amendments to any Tax
 returns filed by Cataneo and its Affiliates which relate to any period prior to or including
 the Effective Date shall require the prior written consent of Sellers, such consent not to
 be unreasonably withheld, conditioned or delayed. If and to the extent that the Parties fail
 to reach an agreement thereon, Cataneo and its Affiliates shall file or amend the Tax returns
 in their free discretion (to the extent legally permissible). If, after the Closing Date,
 any Taxing Authority informs the Buyer or Cataneo or its Affiliates of a Relevant Tax Matter
 or any other matter which could otherwise reasonably be expected to have an impact on Sellers'
 Tax position, or if the Buyer or Cataneo or its Affiliates otherwise becomes aware of a Relevant
 Tax Matter, the Buyer shall notify Sellers of such matter. The Buyer's notice shall
 be given within fifteen (15) Business Days after the Buyer or Cataneo or its Affiliates has
 received the relevant information or knowledge, or at any earlier date if required to enable
 Sellers to participate in any Tax audit or to review the relevant Tax assessment within the
 applicable period available for an appeal or other legal remedy. If the Buyer has reason
 to believe that a payment is to be made by Sellers pursuant to Section 21.1, such notice
 shall state the amount of the alleged Tax Indemnification Claim and include evidence reasonably
 necessary to determine the fact, amount and payment of such claim to the extent already known
 and available.

**23.** **Tax Refunds** 

23.1. Buyer
 shall pay to Sellers any Tax Refunds received after the Effective Date by Cataneo or its
 Affiliates for the time period (*Zeitraum*) prior to and including the Effective Date,
 except to the extent the respective claim for a Tax Refund is shown in the Final Effective
 Date Balance Sheet.

23.2. Buyer
 shall pay to Sellers an amount equal to any unused Tax liability (*Steuerverbindlichkeit*)
 or Tax provision (*Steuerrückstellung*) of any of Cataneo or its Affiliates as
 shown in the Effective Date Balance Sheet which may be dissolved after Closing, except to
 the extent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) such
 Tax liability or Tax provision has been set off against any Indemnifiable Tax. Buyer shall
 be entitled to set off any other Buyer Claim against such payment obligation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) the
 Buyer or Cataneo or its Affiliates have an obligation arising from actions, measures or omissions
 taken by Cataneo or Sellers or any of its Affiliates prior to or on the Effective Date to
 forward such amounts to a third party.

23.3. Buyer
 shall notify Sellers in writing and without undue delay (*unverzüglich*) of any
 relevant decision by the Taxing Authority. Any amounts payable to Sellers pursuant to this
 Section 23 shall be due and payable within five (5) Business Days after the relevant decision
 of the Taxing Authority has been taken, provided, however, that any amounts payable to Sellers
 pursuant to Section 23.2 shall not be due and payable prior to expiry of five (5) years after
 the Closing or, if later, the last Buyer Claim has been satisfied or become time-barred.

**24.** **As if-Assessment, Pro-Rata Share and Treatment of Payments** 

24.1. In
 the event Taxes relate to a Tax period beginning before the Effective Date and ending thereafter,
 such Tax period shall be deemed to be split in one Tax period ending on the Effective Date
 and another Tax period starting after the Effective Date for the purpose of determining claims
 under this Section VII (Tax Matters).

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24.2. All
 payments to be made by Sellers to Buyer or by Buyer to Sellers under this Agreement shall
 constitute a reduction or an increase in the Consideration for Tax purposes, as the case
 may be. If and to the extent payments are made by Sellers directly to Cataneo or its Affiliates,
 such payments shall be construed and deemed as contributions (*Einlagen*) made by Buyer
 into Cataneo or its Affiliates and shall be treated as a reduction of the Consideration as
 between the Parties.

**25.** **Cooperation on Tax Matters** 

25.1. Buyer
 and Sellers shall, and shall ensure that Cataneo and its Affiliates, their respective employees
 and advisors, including the employees and advisors of Sellers, fully cooperate with each
 other in connection with any Relevant Tax Matter, including but not limited to the filing
 of any Tax Return, the conduct of any inquiry, examination, audit, investigation, negotiation,
 dispute, appeal, litigation or mutual agreement procedures (*Verständigungsverfahren*).

25.2. Buyer
 and Sellers shall, and shall ensure that Cataneo and its Affiliates follow any reasonable
 instructions of Sellers in respect of any Relevant Tax Matter. In particular, and without
 prejudice to the aforementioned the Buyer shall

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.1. not
 cause or permit Cataneo or its Affiliates to take any action on or after the Closing Date
 (including, without limitation, the making or changing of any Tax election, the amendment
 of any Tax Return or the taking of any Tax position on any Tax Return) that could give rise
 to (or increase) any Tax Indemnification Claims or that could reduce potential Tax Refunds
 without Sellers' prior written consent, such consent not to be unreasonably withheld,
 conditioned or delayed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.2. keep
 and make available to Sellers, and instruct that Cataneo and its Affiliates will keep and
 make available to Sellers, all books, records and information to the extent relating to any
 Relevant Tax Matter in accordance with, and during the periods required under statutory law
 (and to the extent such books, records and information might be of relevance for the Relevant
 Tax Matter, until the relevant Tax has become final and binding and can no longer be amended);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.3. provide,
 or instruct Cataneo and its Affiliates to provide, to Sellers and its advisors, upon Sellers'
 request, copies of all relevant documents or other information and permit, or instruct Cataneo
 and its Affiliates to permit, Sellers and its Representatives to have access, during regular
 business hours and upon reasonable advance notice, to the premises, employees and books and
 records of Cataneo and its Affiliates, to the extent relating to a Relevant Tax Matter;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.4. promptly
 provide Sellers, no later than three (3) weeks prior to the expiration of the applicable
 appeal period, with copies of all Tax assessments and other relevant information that in
 Buyer's opinion could trigger a Tax Indemnification Claim. Buyer shall give Sellers
 and/or the members of the legal and tax advisory professions commissioned by the Sellers
 and bound to secrecy the opportunity, at the Sellers' request, to cooperate in an external
 tax audit or other proceedings of the Company which may be relevant for a Tax Indemnification
 Claim of the Sellers. Buyer shall direct the Company, as directed by the Sellers, to pursue
 available appeals of tax notices which may result in a Tax Indemnification Claim and to conduct
 the appeal or court proceeding including the application for suspension of execution (*Aussetzung der Vollziehung*) if and to the extent that the Sellers secure payment of court costs,
 counsel fees and security deposits. The Sellers may appoint the counsel. If the Sellers do
 not appoint a counsel despite of a reasonable deadline set by Buyer Buyer or the Company
 may appoint the counsel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.5. challenge
 and litigate, and instruct Cataneo and its Affiliates to challenge, to litigate and to enter
 into mutual agreement procedures (*Verständigungsverfahren*), at the request of
 Sellers and according to Sellers' instructions, any Tax assessment relating to a Relevant
 Tax Matter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25.2.6. not
 accept, compromise, dispose of or settle, and instruct that Cataneo or its Affiliates do
 not accept, compromises, disposes of or settles, any Tax proceedings or Tax assessment relating
 to a Relevant Tax Matter without Sellers' prior written consent; such consent not to
 be unreasonably withheld, conditioned or delayed.

25.3. Sellers
 shall reasonably consider the interest of Buyer and Cataneo and its Affiliates when defending
 a Relevant Tax Matter and using its rights under this Agreement. Sellers shall bear all costs
 incurred in connection with the defense of the Relevant Tax Matter or the cooperation rights
 of Sellers under this Section 25.

**26.** **Survival** 

Claims under this Section VII (Tax Matters) shall be time-barred upon expiration of six (6) months after the ultimate, final and binding assessment of the relevant Tax. However, Sellers' rights under Section VII shall not be time-barred before the expiration of six (6) months after Sellers have been notified by Buyer about the circumstance giving rise to a claim of Sellers.

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**VIII. Indemnification**

**27.** **Indemnification by Sellers** 

Subject to the other terms and conditions of this Section 27, Sellers as joint debtors (*Gesamschuldner*) shall indemnify and defend each of Buyer and its Affiliate (including Cataneo and its Affiliates) (collectively, the "**Buyer Indemnities**") against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses as well as any consequential and indirect damages (*Folgeschäden, mittelbare Schäden*) and lost profits (*entgangener Gewinn*), lost opportunities and frustrated expenses (*vergebliche Aufwendungen*) within the meaning of section 284 BGB, incurred or sustained by, or imposed upon, Buyer Indemnities based upon, arising out of, with respect to, or by reason of:

27.1. the
 dissolution or liquidation or any organizations or similar instrument available under applicable
 Law for winding up any Cataneo or its Affiliates;

27.2. any
 penalty payments relating to non-compliance with applicable data privacy law by Cataneo or
 its Affiliates, in particular with regard to (i) Cataneo or its Affiliates not having concluded
 mandatory data protection agreements with service providers, employees, banks or any other
 third party, and/or (ii) the lack of other mandatory documentation required under the General
 Data Protection Regulation, in each case if and to the extent such non-compliance existed
 to Sellers' Knowledge on the Closing Date;

27.3. any
 repayment of subsidies obtained by Cataneo or its Affiliates by any government entity;

27.4. any
losses, liabilities, costs or expenses arising out of, resulting from, or in connection with the exercise or purported exercise by any
third party of any change of control provision, consent requirement, special termination right (*Sonderkündigungsrecht*), right
of first refusal or similar right under any Material Contract that is triggered by the execution or consummation of this Agreement;

27.5. (i)
 any payments, liabilities, accruals or other obligations of the Company or any of its Affiliates
 relating to Cataneo VSOP, including any wage tax (*Lohnsteuer*), solidarity surcharge
 and employer's social security contributions arising in respect thereof, (ii) any severance
 payments (*Abfindungen*) or any other personnel-related costs, bonuses or compensation
 payable by Cataneo or any of its Affiliates in connection with, or triggered by, the execution
 or consummation of the transactions contemplated hereunder, including any wage tax (*Lohnsteuer*),
 solidarity surcharge and employer's social security contributions arising in respect
 thereof, or (iii) any salary costs (*Gehaltskosten*) of Thomas Brönauer for a period
 of twelve (12) months following the Closing Date, including any wage tax (Lohnsteuer), solidarity
 surcharge and employer's social security contributions arising in respect thereof,
 to the extent the assumption of the service agreement of Thomas Brönauer by CUTV GmbH
 as set out in Section 6.5.1 has not been validly effected as of the Closing Date; and

27.6. any
 losses, liabilities, damages, costs, charges, fees, expenses, fines, penalties, taxes and
 other amounts of whatever nature, including consequential and indirect damages and lost profits,
 resulting from, or in connection with the circumstance that the statutory fiscal year (*Geschäftsjahr*)
 of Cataneo was changed to the period from 1 July through 30 June pursuant to a shareholders'
 resolution dated May 12, 2009 (notarial deed no. 1141 V 2009, Hans-Joachim Vollrath),
 that the competent tax authorities have not recognized such fiscal year, and that the annual
 financial statements of Cataneo have since been prepared, adopted and disclosed on the basis
 of a fiscal year ending on 31 December (the "**Fiscal Year Matter** "), including
 (a) all costs relating to the remediation, cure and disclosure of the Fiscal Year Matter
 (including the preparation of corrected annual financial statements, establishment of a short
 fiscal year (*Rumpfgeschäftsjahr*), required shareholders' resolutions, amendments
 to the articles of association and applications to the tax authorities), (b) any third-party
 claims, regulatory fines and penalty proceedings (in particular under Sections 335, 335a
 HGB), repayment claims under Section 31 GmbHG or unjust enrichment, and claims by financing
 banks or other contractual counterparties, and (c) reasonable advisory, notary and register
 costs (the "**Fiscal Year Indemnification** ").

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**IX. Miscellaneous**

**28.** **Expenses, Interest** 

The costs for the notarization of this Agreement, all stamp duties, transfer Taxes and similar levies, all administrative and court fees associated with the consummation of this transaction shall be borne by Buyer. All other costs and expenses incurred in connection with this Agreement and the Transactions contemplated hereby shall be paid by the Party incurring such costs and expenses, including the fees for its advisors.

**29.** **Notices** 

29.1. Any
 notice ()"**Notice**") hereunder shall be made in the English language, in
 writing and given by personal delivery, by commercial overnight delivery service, or by certified
 mail, postage prepaid, return receipt requested, or by email including a document with a
 signature, at the following address:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.1. If
 to Sellers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.1.1. Cuneo
 AG 82031 Grünwald, Schloßstraße 19 Email: mw@cuneo.ag Attention: Mr. Michael
 Wölfle, CEO;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.1.2. Mr.
 Christian Unterseer c/o CUTV GmbH 81671 München, Rosenheimer Straße 145d Email:
 christianunterseer@t-online.de ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.1.3. CUTV
 GmbH 81671 München, Rosenheimer Straße 145d Email: christianunterseer@t-online.de
 Attention: Mr. Christian Unterseer, CEO.

59 / 62

<u>With a copy to</u>:

Philipp Rinke, LL.M., Kleeberg Rechtsanwaltsgesellschaft mbH 80333 München, Germany Email: philipp.rinke@crowe-kleeberg.de

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.2. If
 to Buyer:

GForce 112 GmbH Friedrich-Ebert-Anlage 56, 60325 Frankfurt am Main, Germany Email: Legal@Beninc.ai Attention: James D. Henderson, Jr., General Counsel

<u>With a copy to</u>:

Dr. Simon Sabel, Walberg Law Tax Strategy GmbH & Cie. KG, Ludwigstr. 10, 80539 Munich<br> Marc Wiesner, LL.M. (Yale), Walberg Law Tax Strategy GmbH & Cie. KG, Ludwigstr. 10, 80539 Munich

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.3. If
 to Buyer:

Brand Engagement Network, Inc. 300 Delaware Ave, Suite 210, Wilmington, DE 19801, USA Email: Legal@Beninc.ai Attention: James D. Henderson, Jr., General Counsel

<u>With a copy to</u>:

Dr. Simon Sabel and Marc Wiesner Walberg & Cie. KG, Ludwigstr. 10, 80539 Munich <br> Marc Wiesner, LL.M. (Yale), Walberg Law Tax Strategy GmbH & Cie. KG, Ludwigstr. 10, 80539 Munich

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.1.4. If
 to notary: Huttenlocher Zintl Notare, Leopoldstraße 11a, 80802 Munich (info@huttenlocher-zintl.de)

29.2. Each
 Notice shall be effective upon receipt (*Zugang*) which shall be deemed to have occurred
 (i) if personally served, upon such service, (ii) if sent by commercial overnight delivery
 service, upon the next Business Day following such sending, (iii) if mailed, three (3) days
 following the date of the post stamp, (iv) if sent by email upon transmission, provided that
 the Person sending the email shall not have received an out-of-office reply or a failure
 notice or (v) if otherwise transmitted, if acknowledged in writing by all other Parties to
 this Agreement.

**30.** **Notice Changes** 

Any Party may, by like Notice at any time and from time to time, designate a different address to which Notices shall be sent.

**31.** **Severability** 

If any provision of this Agreement should be or become wholly or partially void (*nichtig*), ineffective (*unwirksam*) or unenforceable (*undurchsetzbar*), the validity, effectiveness and enforceability of the other provisions of this Agreement shall not be affected thereby. Any such invalid, ineffective or unenforceable provision shall be deemed replaced by such valid, effective and enforceable provision as comes closest to the economic intent and purpose of the invalid, ineffective or unenforceable provision as regards subject-matter, extent (*Maß*), time, place and scope (*Geltungsbereich*). The aforesaid shall apply *mutatis mutandis* to any gap (*Lücke*) in this Agreement. This Section shall not merely operate as a shift of the burden of proof (*Beweislastumkehr*) but section 139 BGB shall be contracted out in its entirety.

60 / 62

**32.** **Entire Agreement** 

This Agreement (including its Exhibits and the Disclosure Schedule) constitutes the sole and entire agreement of the Parties with respect to the subject matter contained herein and therein, and supersedes all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject matter. In the event of any inconsistency between the statements in the body of this Agreement and those in any Exhibits or the Disclosure Schedule (other than an exception expressly set forth as such in the Disclosure Schedule), the statements in the body of this Agreement will control.

**33.** **No Set-off** 

Unless otherwise provided in this Agreement, no Party shall be entitled to exercise any right to set-off, retention or other right to refuse performance (*Aufrechnung, Zurückbehaltung oder sonstige Leistungsverweigerungsrechte*) with respect to any of its payment obligations under or in connection with this Agreement, except in case the underlying rights or claims of the Party have been expressly acknowledged (*anerkannt*) by the other Party in writing or have been awarded in a legally binding (*rechtskräftig*) decision in principal proceedings (*im Hauptsacheverfahren*) by a competent court or arbitral tribunal.

**34.** **Successors and Assigns** 

This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective successors and permitted assigns. Neither Party may assign its rights or obligations hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed. No assignment shall relieve the assigning Party of any of its obligations hereunder.

**35.** **Amendment and Modification; Waiver** 

This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each Party hereto, unless notarization is required in which case such amendments, modifications or supplements have to be notarized. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the Party so waiving. No failure to exercise, or delay in exercising, any right or remedy arising from this Agreement shall operate or be construed as a waiver thereof. No single or partial exercise of any right or remedy hereunder shall preclude any other or further exercise thereof or the exercise of any other right or remedy.

61 / 62

**36.** **Announcements** 

The Parties have pre-aligned on and Sellers have consented to BEN's filing of a Notice of Sale of Securities on Form D and a Current Report on Form 8-K to be made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, which shall include a copy of this Agreement as an exhibit, as well as an accompanying press release, concurrently with the execution of this Agreement. The Parties undertake that without the written consent of the other Party neither Party shall make any public announcement regarding this Agreement or any part of its content or the transactions contemplated hereunder, unless required by applicable law, regulation or stock exchange rules applicable to the respective Party. If legally permissible, at least five (5) Business Days prior to any permitted press release the Party wishing to make the announcement shall notify the other Parties thereof in writing, provide to the other Parties the proposed wording and take any requests of the other Parties into due consideration.

**37.** **Governing Law** 

This Agreement shall be construed in accordance with, and governed by, German Law, excluding the German conflict of Law rules and excluding the United Nations Convention on Contracts for the International Sale of Goods (CISG).

**38.** **Submission to Jurisdiction** 

All disputes arising out of or in connection with this contract or its validity shall be finally settled in accordance with the Arbitration Rules of the German Arbitration Institute (DIS) without recourse to the ordinary courts of law. The arbitral tribunal shall be comprised of three members. The seat of the arbitration is Munich, Germany. The language of the arbitration shall be English. The Parties agree that the arbitration shall be conducted as Expedited Proceedings and that Annex 4 of the DIS Arbitration Rules shall apply.

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## Exhibit 99.1

**Exhibit 99.1**

**FOR IMMEDIATE RELEASE**

**Brand Engagement Network (NASDAQ: BNAI) Signs Definitive Agreement to Acquire Cataneo GmbH, a Global Media Infrastructure Leader, in a Debt-Free $19.5 Million Transaction**

Combined Collaboration and Patented AI Technology to Power 1:1 Engagement Across Ad-Driven Systems

WILMINGTON, Del. and MUNICH, Germany, April 30, 2026 /PRNewswire/ — Brand Engagement Network, Inc. (NASDAQ: BNAI) ("BEN" or the "Company"), a leader in secure, enterprise-grade conversational AI for the engagement layer between companies and consumers, today announced a definitive agreement to acquire Cataneo GmbH ("Cataneo"), a Munich-based provider of mission-critical media and advertising infrastructure software.

The transaction is valued at approximately $19.5 million, with payment in a combination of cash and equity. BEN has already advanced $1.0 million, and the Company has secured capital commitments of $8 million to fund the remaining cash consideration, $500,000 of which has funded via the sale of common stock at a price of $39.59 per share and warrants exercisable in one year for $39.59 per share of common stock and the remainder of which will fund prior to closing. Approximately $10.5 million of the consideration will be delivered in BEN common stock, priced at the 20-day volume-weighted average price of $39.59 per share - which represents a premium to BEN's recent trading levels. This structure eliminates reliance on discounted or dilutive capital and underscores BEN's disciplined execution and strong balance-sheet focus.

Strategic Highlights:

● **Global Scale & Blue-Chip Clients:** Cataneo's MYDAS platform powers advertising sales, scheduling, traffic, and monetization for major global media organizations, including leading U.S. film studios. MYDAS manages €6 billion+ in annual advertising inventory across 1,000+ media brands and 200+ channels worldwide.

● **Next-Generation Technology:** Autonomous operating cycle with minimal human intervention and the most advanced security benchmark standards.

● **Operational Efficiency:** Cataneo delivers 35%+ in workflow efficiency through AI, improving headcount productivity and enabling automated anomaly detection.

● **Leadership Continuity:** Cataneo co-founder Christian Unterseer to join BEN's Board of Directors upon closing.

● **Debt-Free Execution:** $8 million secured at closing to complete the transaction without debt.

Cataneo's MYDAS platform is the core of media revenue operations, enabling broadcasters and networks to oversee, enhance, and monetize advertising inventory in real time across linear, digital, and streaming platforms. By incorporating BEN's proprietary AI, protected by U.S. Patent No. 12,581,163 for "Systems and Methods for Delivering User-Specific Messages," the combined technology and expertise of Cataneo and BEN are expected to bring conversational AI directly into live media systems. This is expected to advance the industry beyond decades of static inventory sales toward more customizable 1:1 brand-to-audience engagement, where each interaction can support revenue optimization and more measurable outcomes.

"The era of traditional ad inventory sales is evolving. The combination of Cataneo's proven, fully automated global cloud infrastructure and our patented AI technology positions us to help deliver a more advanced conversational AI engagement layer across the entire media ecosystem," said Tyler Luck, BEN's Chief Executive Officer.

Christian Unterseer, Co-Founder of Cataneo, says, "When we launched nearly 25 years ago, our goal was to create the industry's first cloud service. Now, through this strategic combination with BEN, we are leading again by harnessing AI to transform ad sales and content monetization and to create what we believe will be a new industry standard. I am honored to join the board of directors and to witness this revolution firsthand."

Renato Rocha Pinto, Chief Executive Officer of Cataneo, added: "Our platform has powered media companies' core operations for over two decades, delivering unmatched reliability. The next natural step is to integrate BEN's AI to unlock exciting new capabilities for our customers and to expand into new markets and channels."

The transaction is expected to close on June 30, 2026, subject to customary closing conditions.

**About Cataneo** Cataneo GmbH is a global leader in media management solutions for advertising sales, scheduling, traffic, and content management across linear, non-linear, and digital channels. Headquartered in Munich, Germany, its highly customizable and scalable MYDAS platform delivers end-to-end monetization tools with data analytics, CRM integration, and real-time reporting. With over 20 years of experience, Cataneo supports more than 1,000 media brands across 200+ channels on four continents. For more information, visit <u>www.cataneo.com</u>

**Contacts**:

Media: BEN: <u>amy@beninc.ai</u>; Cataneo: <u>marketing@cataneo.de</u>

Investor Relations: <u>investors@beninc.ai</u>

**Forward-Looking Statements**

Certain statements in this communication are "forward-looking statements" within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN's current expectations, assumptions, plans, strategies, and anticipated results, including the closing and anticipated benefits of the acquisition of Cataneo (the "Cataneo Acquisition"). Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

There are a number of risks, uncertainties and conditions that may cause BEN's actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to: (i) uncertainties as to the timing of the Cataneo Acquisition; (ii) the risk that the Cataneo Acquisition may not be completed on the anticipated terms in a timely manner or at all; (iii) the failure to satisfy any of the conditions to the consummation of the Cataneo Acquisition, including the ability to obtain financing to fund the Cataneo Acquisition on terms that are agreeable to the parties or at all; (iv) the possibility that any or all of the various conditions to the consummation of the Cataneo Acquisition may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals) or required major shareholder guarantees; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (vi) the effect of the announcement or pendency of the transactions contemplated by the purchase agreement on BEN's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from BEN's ongoing business operations; (viii) uncertainty as to the timing of completion of the Cataneo Acquisition; (ix) risks that the benefits of the Cataneo Acquisition are not realized when and as expected; and (x) (A) the risk factors described in Part I, Item 1A of Risk Factors in BEN's Annual Report on Form 10-K for the year ended December 31, 2025 and (B) the other risk factors identified from time to time in the BEN's other filings with the Securities and Exchange Commission (the "SEC"). Filings with the SEC are available on the SEC's website at <u>http://www.sec.gov</u>.

Many of these circumstances are beyond BEN's ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN's part. These forward-looking statements may include words such as "believe," "expect," "anticipate," "estimate," "intend," "plan," "project," "should," "may," "will," "might," "could," "would," or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN's behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.