Document:

EX-4.5

 Exhibit 4.5 

THE REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION (THE “PURCHASE OPTION”) BY ITS ACCEPTANCE HEREOF AGREES THAT IT WILL NOT SELL,
TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE OPTION AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION OR CAUSE IT TO BE THE SUBJECT OF ANY
HEDGING, SHORT SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF THE PURCHASE OPTION BY ANY PERSON FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING THE EFFECTIVE DATE (AS DEFINED HEREIN) TO ANYONE
OTHER THAN TO (I) CHARDAN CAPITAL MARKETS, LLC (“CHARDAN”) OR AN UNDERWRITER OR SELECTED DEALER PARTICIPATING IN THE OFFERING (AS DEFINED HEREIN) OR (II) AN OFFICER OR PARTNER OF CHARDAN OR OF ANY SUCH UNDERWRITER
OR SELECTED DEALER AND IN ACCORDANCE WITH FINRA RULE 5110(G)(2). 
 THIS PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE CONSUMMATION BY HASH SPACE
ACQUISITION CORP (THE “COMPANY”) OF A MERGER, SHARE EXCHANGE, ASSET ACQUISITION, RECAPITALIZATION, REORGANIZATION OR OTHER SIMILAR BUSINESS COMBINATION (“BUSINESS COMBINATION”) (AS DESCRIBED MORE FULLY
IN THE COMPANY’S REGISTRATION STATEMENT (AS DEFINED HEREIN)). THIS PURCHASE OPTION SHALL BE VOID AFTER 5:00 P.M. NEW YORK CITY LOCAL TIME, ON THE EARLIER OF THE LIQUIDATION OF THE COMPANY’S TRUST ACCOUNT (AS DESCRIBED IN THE REGISTRATION
STATEMENT) IF THE COMPANY HAS NOT COMPLETED A BUSINESS COMBINATION WITHIN THE REQUIRED TIME PERIODS OR [•], 20261. 

UNIT PURCHASE OPTION 
 FOR THE
PURCHASE OF 
 120,000 UNITS OF 

HASH SPACE ACQUISITION CORP 
  

	1.	 PURCHASE OPTION. 

THIS CERTIFIES THAT, in consideration of $100.00 duly paid by or on behalf of Chardan Capital Markets, LLC (“Holder”), as registered
owner of this Purchase Option, to Hash Space Acquisition Corp (the “Company”), Holder is entitled, at any time or from time to time upon the consummation of a Business Combination (the “Commencement
Date”), and until at or before 5:00 p.m., New York City local time, on the earlier of the liquidation of the Company’s Trust Account (as described in the Company’s Registration Statement on Form
S-1 (the “Registration Statement”) pursuant to which units of the Company are offered for sale to the public in the Company’s initial public offering
(“Offering”)) in the event the Company has not completed a Business Combination within the required time periods and [•], 20262, five years from the effective date
(the “Effective Date”) of the Registration Statement (the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to one hundred twenty thousand
(120,000)2 units (“Units”) of the Company, each Unit consisting of one (1) ordinary share of the Company (the “Ordinary Share(s)”) and one
(1) right to receive one-tenth (1/10) of an Ordinary Share upon the consummation of a Business Combination (the “Right(s)”). Each Right is the same as the right included in the
units being registered for sale to the public by way of the Registration Statement (the “Public Rights”). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Purchase Option
may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This
Purchase Option is initially exercisable at [$11.50][$13.00] per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this
Purchase Option, including the exercise price per Unit and the number of Units (and Ordinary Shares and Rights) to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean
the initial exercise price or the adjusted exercise price, depending on the context. 
  

	1 	 Insert date that is five years from the effective date of the Registration Statement.

	2 	 There will be two UPOs – one at $11.50 and one at $13.00. 

	2.	 EXERCISE OF PURCHASE OPTION. 

2.1 Exercise Form. In order to exercise this Purchase Option, the exercise form attached hereto must be duly executed and completed and
delivered to the Company, together with this Purchase Option and payment of the Exercise Price for the Units being purchased payable in cash or by certified check or official bank check. If the subscription rights represented hereby shall not be
exercised at or before 5:00 p.m., New York City local time, on the Expiration Date, this Purchase Option shall become and be void without further force or effect, and all rights represented hereby shall cease and expire. 

2.2 Legend. Each certificate for the securities purchased under this Purchase Option shall bear a legend as follows, unless such
securities have been registered under the Securities Act of 1933, as amended (the “Act”): 
 “The securities
represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Act”) or applicable state law. The securities may not be offered for sale, sold or otherwise transferred except pursuant to an
effective registration statement under the Act, or pursuant to an exemption from registration under the Act and applicable state law.” 

2.3 Cashless Exercise. 

2.3.1 Determination of Amount. In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Purchase
Option is exercisable (and in lieu of being entitled to receive Ordinary Shares) in the manner required by Section 2.1, and subject to Section 6.1 hereof, the Holder shall have the right (but not
the obligation) to convert any exercisable but unexercised portion of this Purchase Option into Units (“Cashless Exercise Right”) as follows: upon exercise of the Cashless Exercise Right, the Company shall deliver to the
Holder (without payment by the Holder of any of the Exercise Price in cash) that number of Units (or that number of Ordinary Shares and Rights comprising that number of Units) equal to the number of Units to be exercised multiplied by the quotient
obtained by dividing (x) the “Value” (as defined herein) of the portion of the Purchase Option being converted by (y) the Current Market Value (as defined herein). The “Value” of the portion of the
Purchase Option being converted shall equal the remainder derived from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Purchase Option being converted from (b) the Current
Market Value of a Unit multiplied by the number of Units underlying the portion of the Purchase Option being converted. As used herein, the term “Current Market Value” per Unit at any date means: (A) in the event that
the Units, Ordinary Shares and Public Rights are still trading, (i) if the Units are listed on a national securities exchange, the average reported last sale price of the Units in the principal trading market for the Units as reported by the
exchange, as the case may be, for the three trading days preceding the date in question; or (ii) if the Units are not listed on a national securities exchange, but is traded in the
over-the-counter market, the average reported last sale price for Units for the three trading days preceding the date in question for which such quotations are reported
by the OTC Markets Group Inc., or similar publisher of such quotations; (B) in the event that the Units are not still trading but the Ordinary Shares and Public Rights underlying the Units are still trading, the aggregate of (i) the
product of (x) the Current Market Price of the Ordinary Share and (y) the number of the Ordinary Shares underlying one Unit (which shall include the portion of an Ordinary Share the holder of a Unit would automatically receive in
connection with the Right included in each such Unit); or (C) in the event that the Units are not still trading, the aggregate of (i) the product of (x) the Current Market Price of the Ordinary Shares and (y) the number of the
Ordinary Shares underlying one Unit (which shall include the portion of an Ordinary Share the holder of a Unit would automatically receive in connection with the Right included in each such Unit). The “Current Market Price”
shall mean (i) if the Ordinary Shares are listed on a national securities exchange, the average reported last sale price of the Ordinary Shares in the principal trading market for the Ordinary Share as reported by the exchange, as the case may
be, for the three trading days preceding the date in question; (ii) if the Ordinary Shares are not listed on a national securities exchange, but are traded in the
over-the-counter market, the average reported last sale price for the Ordinary Share for the three (3) trading days preceding the date in question for which such
quotations are reported by the OTC Markets Group Inc., or similar publisher of such quotations; and (iii) if the fair market value of the Ordinary Share cannot be determined pursuant to clause (i) or (ii) above, such price as the Board of
Directors of the Company shall determine, in good faith. 

 2.3.2 Mechanics of Cashless Exercise. The Cashless Exercise Right may be exercised by
the Holder on any business day on or after the Commencement Date and not later than the Expiration Date by delivering the Purchase Option with the duly executed exercise form attached hereto with the cashless exercise section completed to the
Company, exercising the Cashless Exercise Right and specifying the total number of Units the Holder will purchase pursuant to such Cashless Exercise Right 

2.4 No Obligation to Net Cash Settle. Notwithstanding anything to the contrary contained in this Purchase Option, in no event will the
Company be required to net cash settle the exercise of the Purchase Option. The holder of the Purchase Option will not be entitled to exercise the Purchase Option unless it exercises such Purchase Option pursuant to the Cashless Exercise Right or a
registration statement is effective, or an exemption from the registration requirements is available at such time and, if the holder is not able to exercise the Purchase Option, the Purchase Option will expire worthless. 

 

	3.	 TRANSFER OF PURCHASE OPTION. 

3.1 General Restrictions. The registered Holder of this Purchase Option, by its acceptance hereof, agrees that it will not sell,
transfer, assign, pledge or hypothecate this Purchase Option (or the Ordinary Shares underlying this Purchase Option), or cause the Purchase Option (or the Ordinary Shares underlying this Purchase Option) to be the subject of any hedging, short
sale, derivative, put, or call transaction that would result in the effective economic disposition of the Purchase Option by any person, for a period of 180 days (pursuant to Rule 5110(g)(1) of the Conduct Rules of the Financial Industry Regulatory
Authority (“FINRA”)) following the Effective Date to anyone other than (i) Chardan or an underwriter or selected dealer in connection with the Offering, or (ii) a bona fide officer or partner of Chardan or of any
such underwriter or selected dealer. On and after the 181st day following the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities
laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Option and payment of all transfer taxes, if any, payable in
connection therewith. The Company shall within five (5) business days transfer this Purchase Option on the books of the Company and shall execute and deliver a new Purchase Option of like tenor to the appropriate assignee(s) expressly
evidencing the right to purchase the aggregate number of Units purchasable hereunder or such portion of such number as shall be contemplated by any such assignment. 

 3.2 Restrictions Imposed by the Act. The securities evidenced by this Purchase Option
shall not be transferred unless and until (i) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Act and applicable state securities laws,
the availability of which is established to the reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Loeb & Loeb LLP shall be deemed satisfactory evidence of the availability of an exemption), or
(ii) a registration statement or a post-effective amendment to the Registration Statement relating to such securities has been filed by the Company and declared effective by the Securities and Exchange Commission (the
“Commission”) and compliance with applicable state securities law has been established. 
  

	4.	 NEW PURCHASE OPTION TO BE ISSUED. 

4.1 Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be
exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds sufficient to
pay any Exercise Price (except to the extent that the Holder elects to exercise this Purchase Option by means of a cashless exercise as provided in Section 2.3 above) and/or transfer tax, the Company shall cause to be delivered to the Holder
without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the number of Units purchasable hereunder as to which this Purchase Option has not been exercised or
assigned 
 4.2 Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Purchase Option and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase Option of like tenor and date. Any such new Purchase Option executed and delivered as a
result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company. 
  

	5.	 REGISTRATION RIGHTS. 

5.1 Demand Registration. 

5.1.1 Grant of Right. The Company, upon written demand (the “Initial Demand Notice”) of the Holder(s) of at
least 51% of the Purchase Option and/or the underlying Units and/or the underlying securities (the “Majority Holders”), agrees to use its best efforts to register (the “Demand Registration”) under the
Act on one occasion, all or any portion of the Purchase Option requested by the Majority Holders in the Initial Demand Notice and all of the securities underlying such Purchase Option, including the Units and Ordinary Shares (collectively, the
“Registrable Securities”). On such occasion, the Company will use its best efforts to file a registration statement or a post-effective amendment to the Registration Statement covering the Registrable Securities as
expeditiously as possible after receipt of the Initial Demand Notice and use its best efforts to have such registration statement or post-effective amendment declared effective as soon as possible thereafter. The demand for registration may be made
at any time during a period of four and one-half years beginning 180 days after the Effective Date. The Initial Demand Notice shall specify the number of shares of Registrable Securities proposed to be sold
and the intended method(s) of distribution thereof. The Company will notify all holders of the Purchase Option and/or Registrable Securities of the demand within ten days from the date of the receipt of any such Initial Demand Notice. Each holder of
Registrable Securities who wishes to include all or a portion of such holder’s Registrable Securities in the Demand Registration (each such holder including shares of Registrable Securities in such registration, a “Demanding
Holder”) shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities
included in the Demand Registration, subject to Section 5.1.4. The Company shall not be required to effect more than one (1) Demand Registration under this Section 5.1 in respect of all Registrable Securities.

 5.1.2 Effective Registration. Notwithstanding
Section 5.1.5, a registration will not count as a Demand Registration until the registration statement filed with the Commission, with respect to such Demand Registration, has been declared effective and the Company has
complied with all of its obligations under this Purchase Option with respect thereto. 
 5.1.3 Underwritten Offering. If the Majority
Holders so elect and such holders so advise the Company as part of the Initial Demand Notice, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. In such event, the right
of any holder to include its Registrable Securities in such registration shall be conditioned upon such holder’s participation in such underwriting and the inclusion of such holder’s Registrable Securities in the underwriting to the extent
provided herein. All Demanding Holders proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such underwriting by the
Majority Holders. 
 5.1.4 Reduction of Offering. If the managing underwriter or underwriters for a Demand Registration that is to be
an underwritten offering advises the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holders desire to sell, taken together with all other Ordinary Shares or other
securities which the Company desires to sell and the Ordinary Shares, if any, as to which registration has been requested pursuant to written contractual piggy-back registration rights held by other shareholders of the Company who desire to sell,
exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such
maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in such registration: (i) first, the Registrable Securities as to which Demand
Registration has been requested by the Demanding Holders (pro rata in accordance with the number of shares that each such person has requested be included in such registration, regardless of the number of shares held by each such person (such
proportion is referred to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clause (i), the Ordinary Shares or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the
foregoing clauses (i) and (ii), the Ordinary Shares or other securities registrable pursuant to the terms of the Registration Rights Agreement between the Company and the initial investors in the Company and Chardan, dated as of [__________], 2021 (the “Registration Rights Agreement” and such registrable securities, the “Investor Securities”) as to which “piggy-back” registration
has been requested by the holders thereof, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii),
and (iii), the Ordinary Shares or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of
Shares. 
 5.1.5 Withdrawal. If a
majority-in-interest of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all of their Registrable Securities in any
offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such offering by giving written notice to the Company and the underwriter or
underwriters of their request to withdraw prior to the effectiveness of the registration statement filed with the Commission with respect to such Demand Registration. If the
majority-in-interest of the Demanding Holders withdraws from a proposed offering relating to a Demand Registration, then the Company does not have to continue its
obligations under Section 5.1, provided that, any such withdrawal will not count as the Demand Registration if the Demanding Holders pay all of the Company’s out-of-pocket expenses, with respect to such withdrawn registration. 

 5.1.6 Terms. The Company shall bear all fees and expenses attendant to registering
the Registrable Securities, including the expenses of one legal counsel selected by the Holders to represent them in connection with the sale of the Registrable Securities, but the Holders shall pay any and all underwriting commissions. The Company
agrees to use its reasonable best efforts to qualify or register the Registrable Securities in such states as are reasonably requested by the Majority Holder(s); provided, however, that in no event shall the Company be required to
register the Registrable Securities in a state in which such registration would cause (i) the Company to be obligated to qualify to do business in such state, or would subject the Company to taxation as a foreign corporation doing business in
such jurisdiction or (ii) the principal shareholders of the Company to be obligated to escrow their shares of capital stock of the Company. The Company shall use its best efforts to cause any registration statement or post-effective amendment
filed pursuant to the demand rights granted under Section 5.1.1 to remain effective for a period of nine consecutive months from the effective date of such registration statement or post-effective amendment. 

5.2 Piggy-Back Registration. 

5.2.1 Piggy-Back Rights. If at any time during the seven year period commencing on the Effective Date the Company proposes to file a
registration statement under the Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its own account or for shareholders
of the Company for their account (or by the Company and by shareholders of the Company including, without limitation, pursuant to Section 5.1), other than a registration statement (i) filed in connection with any
employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company’s existing shareholders, (iii) for an offering of debt that is convertible into equity securities of the Company
or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable Securities as soon as practicable but in no event less than ten (10) days before the
anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of the
offering, and (y) offer to the holders of Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within five (5) days following
receipt of such notice (a “Piggy-Back Registration”). The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the managing underwriter or underwriters of
a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such
Registrable Securities in accordance with the intended method(s) of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration that involves an underwriter or underwriters
shall enter into an underwriting agreement in customary form with the underwriter or underwriters selected for such Piggy-Back Registration. 

 5.2.2 Reduction of Offering. If the managing underwriter or underwriters for a
Piggy-Back Registration that is to be an underwritten offering advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of Ordinary Shares which the Company desires to sell, taken together with
Ordinary Shares, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable Securities as to which registration has been
requested under this Section 5.2, and the Ordinary Shares, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration rights of other shareholders of the Company, exceeds
the Maximum Number of Shares, then the Company shall include in any such registration: 
 (a) If the registration is undertaken for the
Company’s account: (A) first, Ordinary Shares or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clause (A), the Ordinary Shares or other securities, if any, comprised of Registrable Securities and Investor Securities, as to which registration has been requested pursuant to the applicable written contractual
piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of shares has not been reached under the foregoing clauses
(A) and (B), the Ordinary Shares or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual piggy-back registration rights with such persons and that can be sold without
exceeding the Maximum Number of Shares; 
 (b) If the registration is a “demand” registration undertaken at the demand of holders
of Investor Securities, (A) first, the Ordinary Shares or other securities for the account of the demanding persons, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clause (A), the Ordinary Shares or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the shares of Registrable Securities, Pro Rata, as to which registration has been requested pursuant to the terms hereof, that can be sold without exceeding
the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the Ordinary Shares or other securities for the account of other persons that the
Company is obligated to register pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares; and 

(c) If the registration is a “demand” registration undertaken at the demand of persons other than either the holders of Registrable
Securities or of Investor Securities, (A) first, the Ordinary Shares or other securities for the account of the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clause (A), the Ordinary Shares or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the
Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), collectively the Ordinary Shares or other securities comprised of Registrable Securities and Investor Securities, Pro Rata, as to which registration has been
requested pursuant to the terms hereof and of the Registration Rights Agreement, as applicable, that can be sold without exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (A), (B) and (C), the Ordinary Shares or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons, that can be sold
without exceeding the Maximum Number of Shares. 
 5.2.3 Withdrawal. Any holder of Registrable Securities may elect to withdraw such
holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the registration statement. The Company (whether on its
own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations) may withdraw a registration statement at any time prior to the effectiveness of the registration statement. Notwithstanding
any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration as provided in Section 5.2.4. 

 5.2.4 Terms. The Company shall bear all fees and expenses attendant to registering
the Registrable Securities, including the expenses of one legal counsel selected by the Holders to represent them in connection with the sale of the Registrable Securities but the Holders shall pay any and all underwriting commissions related to the
Registrable Securities. In the event of such a proposed registration, the Company shall furnish the then Holders of outstanding Registrable Securities with not less than fifteen days written notice prior to the proposed date of filing of such
registration statement. Such notice to the Holders shall continue to be given for each applicable registration statement filed (during the period in which the Purchase Option is exercisable) by the Company until such time as all of the Registrable
Securities have been registered and sold. The Holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written notice within ten days of the receipt of the Company’s notice of its
intention to file a registration statement. The Company shall use its best efforts to cause any registration statement filed pursuant to the above “piggyback” rights to remain effective for at least nine months from the date that the
Holders of the Registrable Securities are first given the opportunity to sell all of such securities. 
 5.3 General Terms. 

5.3.1 Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration
statement hereunder and each person, if any, who controls such Holders within the meaning of Section 15 of the Act or Section 20(a) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), against all
loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against litigation, commenced or threatened, or any claim whatsoever whether
arising out of any action between the underwriter and the Company or between the underwriter and any third party or otherwise) to which any of them may become subject under the Act, the Exchange Act or otherwise, arising from such registration
statement but only to the same extent and with the same effect as the provisions pursuant to which the Company has agreed to indemnify the underwriters contained in Section 5 of the Underwriting Agreement between the Company, Chardan and the
other underwriters named therein dated the Effective Date (“Underwriting Agreement”). The Holder(s) of the Registrable Securities to be sold pursuant to such registration statement, and their successors and assigns, shall
severally, and not jointly, indemnify the Company, its officers and directors and each person, if any, who controls the Company within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act, against all loss, claim,
damage, expense or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which they may become subject under the Act, the Exchange
Act or otherwise, arising from information furnished by or on behalf of such Holders, or their successors or assigns for specific inclusion in such registration statement or arising from any omission or the alleged omission to state a material fact
required to be stated therein or necessary to make the statement contained therein not misleading in connection with the registration of the Registrable Securities, to the same extent and with the same effect as the provisions contained in
Section 5 of the Underwriting Agreement pursuant to which the underwriters have agreed to indemnify the Company. 
 5.3.2 Exercise
of Purchase Option. Nothing contained in this Purchase Option shall be construed as requiring the Holder(s) to exercise their Purchase Option prior to or after the initial filing of any registration statement or the effectiveness thereof. 

 5.3.3 Documents Delivered to Holders. The Company shall furnish Chardan, for as long
as it is a Holder, as representative of the Holders participating in any of the foregoing offerings, a signed counterpart, addressed to the participating Holders, of (i) an opinion of counsel to the Company, dated the effective date of such
registration statement (and, if such registration includes an underwritten public offering, an opinion dated the date of the closing under any underwriting agreement related thereto), and (ii) a “cold comfort” letter dated the
effective date of such registration statement (and, if such registration includes an underwritten public offering, a letter dated the date of the closing under the underwriting agreement) signed by the independent public accountants who have issued
a report on the Company’s financial statements included in such registration statement, in each case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of
such accountants’ letter, with respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten
public offerings of securities. The Company shall also deliver promptly to Chardan, as representative of the Holders participating in the offering, the correspondence and memoranda described below and copies of all correspondence between the
Commission and the Company, its counsel or auditors and all memoranda relating to discussions with the Commission or its staff with respect to the registration statement and permit Chardan, as representative of the Holders, to do such investigation,
upon reasonable advance notice, with respect to information contained in or omitted from the registration statement as it deems reasonably necessary to comply with applicable securities laws or rules of FINRA. Such investigation shall include access
to books, records and properties and opportunities to discuss the business of the Company with its officers and independent auditors, all to such reasonable extent and at such reasonable times and as often as Chardan, as representative of the
Holders, shall reasonably request. The Company shall not be required to disclose any confidential information or other records to Chardan, as representative of the Holders, or to any other person, until and unless such persons shall have entered
into reasonable confidentiality agreements (in form and substance reasonably satisfactory to the Company), with the Company with respect thereto. 

5.3.4 Underwriting Agreement. The Company shall enter into an underwriting agreement with the managing underwriter(s), if any, selected
by any Holders whose Registrable Securities are being registered pursuant to this Section 5, which managing underwriter shall be reasonably acceptable to the Company. Such agreement shall be reasonably satisfactory in form
and substance to the Company, each Holder and such managing underwriters, and shall contain such representations, warranties and covenants by the Company and such other terms as are customarily contained in agreements of that type used by the
managing underwriter. The Holders shall be parties to any underwriting agreement relating to an underwritten sale of their Registrable Securities and may, at their option, require that any or all the representations, warranties and covenants of the
Company to or for the benefit of such underwriters shall also be made to and for the benefit of such Holders. Such Holders shall not be required to make any representations or warranties to or agreements with the Company or the underwriters except
as they may relate to such Holders and their intended methods of distribution. Such Holders, however, shall agree to such covenants and indemnification and contribution obligations for selling shareholders as are customarily contained in agreements
of that type used by the managing underwriter. Further, such Holders shall execute appropriate custody agreements and otherwise cooperate fully in the preparation of the registration statement and other documents relating to any offering in which
they include securities pursuant to this Section 5. Each Holder shall also furnish to the Company such information regarding itself, the Registrable Securities held by it, and the intended method of disposition of such
securities as shall be reasonably required to effect the registration of the Registrable Securities. 
 5.3.5 Rule 144 Sale.
Notwithstanding anything contained in this Section 5 to the contrary, the Company shall have no obligation pursuant to Sections 5.1 or 5.2 to use its best efforts to obtain the registration of Registrable
Securities held by any Holder (i) where such Holder would then be entitled to sell under Rule 144 within any three-month period (or such other period prescribed under Rule 144 as may be provided by amendment thereof) all of the Registrable
Securities then held by such Holder, or (ii) where the number of Registrable Securities held by such Holder is within the volume limitations under paragraph (e) of Rule 144 (calculated as if such Holder were an affiliate within the meaning
of Rule 144). 

 5.3.6 Supplemental Prospectus. Each Holder agrees, that upon receipt of any notice
from the Company of the happening of any event as a result of which the prospectus included in the registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated
therein or necessary to make the statements therein not misleading in light of the circumstances then existing, such Holder will immediately discontinue disposition of Registrable Securities pursuant to the registration statement covering such
Registrable Securities until such Holder’s receipt of the copies of a supplemental or amended prospectus, and, if so desired by the Company, such Holder shall deliver to the Company (at the expense of the Company) or destroy (and deliver to the
Company a certificate of such destruction) all copies, other than permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 

6. ADJUSTMENTS. 
 6.1 Adjustments to
Exercise Price and Number of Securities. The Exercise Price and the number of Units underlying the Purchase Option shall be subject to adjustment from time to time as hereinafter set forth: 

6.1.1 Stock Dividends – Split-Ups. If after the date hereof, and subject to the provisions
of Section 6.3 below, the number of outstanding Ordinary Shares is increased by a stock dividend payable in Ordinary Shares or by a split-up of Ordinary Shares or other similar event,
then, on the effective date thereof, the number of Ordinary Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding shares. 

6.1.2 Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 6.3, the
number of outstanding Ordinary Shares is decreased by a consolidation, combination or reclassification of Ordinary Shares or other similar event, then, on the effective date thereof, the number of Ordinary Shares underlying each of the Units
purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares and the Exercise Price shall be proportionately increased. 

6.1.3 Replacement of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Ordinary
Shares other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects the par value of such Ordinary Shares, or in the case of any merger or consolidation of the Company with or into another
company (other than a consolidation or merger in which the Company is the continuing entity and that does not result in any reclassification or reorganization of the outstanding Ordinary Shares), or in the case of any sale or conveyance to another
company or entity of the property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of this Purchase Option shall have the right thereafter (until the expiration of the right
of exercise of this Purchase Option) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of shares or other securities or property (including cash)
receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, by a Holder of the number of Ordinary Shares of the Company obtainable upon exercise of this Purchase Option
immediately prior to such event; and if any reclassification also results in a change in Ordinary Shares covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1,
6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other
transfers. 

 6.1.4 Changes in Form of Purchase Option. This form of Purchase Option need not be
changed because of any change pursuant to this Section, and a Purchase Option issued after such change may state the same Exercise Price and the same number of Units as are stated in the Purchase Option as initially issued. The acceptance by any
Holder of the issuance of a new Purchase Option reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof. 

6.2 Substitute Purchase Option. In case of any consolidation of the Company with, or merger of the Company with, or merger of the
Company into, another entity (other than a consolidation or merger which does not result in any reclassification or change of the outstanding Ordinary Shares), the entity formed by such consolidation or merger shall execute and deliver to the Holder
a supplemental Purchase Option providing that the holder of each Purchase Option then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of such Purchase Option) to receive, upon exercise of such Purchase
Option, the kind and amount of shares and other securities and property receivable upon such consolidation or merger, by a holder of the number of Ordinary Shares of the Company for which such Purchase Option might have been exercised immediately
prior to such consolidation, merger, sale or transfer. Such supplemental Purchase Option shall provide for adjustments which shall be identical to the adjustments provided in Section 6. The above provision of this Section
shall similarly apply to successive consolidations or mergers. 
 6.3 Elimination of Fractional Interests. The Company shall not be
required to issue certificates representing fractions of Ordinary Shares upon the exercise of the Purchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being the intent of the parties that all
fractional interests shall be eliminated by rounding any fraction up or down to the nearest whole number of Ordinary Shares or other securities, properties or rights. 

7. RESERVATION AND LISTING. The Company shall at all times reserve and keep available out of its authorized but unissued Ordinary Shares, solely for
the purpose of issuance upon exercise of the Purchase Option (including the Ordinary Shares underlying the Rights), such number of Ordinary Shares or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company
covenants and agrees that, upon exercise of the Purchase Option and payment of the Exercise Price therefor, all Ordinary Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any shareholder. As long as the Purchase Option shall be outstanding, the Company shall use its best efforts to cause all (i) Units and Ordinary Shares
issuable upon exercise of the Purchase Option, (ii) Rights issuable upon exercise of the Purchase Option and (iii) Ordinary Shares underlying the Rights included in the Units issuable upon exercise of the Purchase Option to be listed
and/or quoted (subject to official notice of issuance) on all securities exchanges (or, if applicable, on the OTC Bulletin Board or OTC Markets Group, Inc. or any successor trading market) on which the Ordinary Shares may then be listed and/or
quoted. 
 8. CERTAIN NOTICE REQUIREMENTS. 

8.1 Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or
consent as a shareholders for the election of directors or any other matter, or as having any rights whatsoever as a shareholders of the Company. If, however, at any time prior to the expiration of the Purchase Option and its exercise, any of the
events described in Section 8.2 shall occur, then, in each such event, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer
books for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice
shall specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other shareholders of the Company at the
same time and in the same manner that such notice is given to the shareholders. 

 8.2 Events Requiring Notice. The Company shall be required to give the notice
described in this Section 8 upon one or more of the following events: (i) if the Company shall take a record of the holders of its Ordinary Shares for the purpose of entitling them to receive a dividend or distribution payable otherwise
than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company, or (ii) the Company shall offer to all the
holders of its Ordinary Shares any additional shares of capital stock of the Company or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor, or (iii) a
dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or merger) or a sale of all or substantially all of its property, assets and business shall be proposed. 

8.3 Notice of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to
Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall describe the event causing the change and the method of calculating same and shall be
certified as being true and accurate by the Company’s Chief Executive Officer. 
 8.4 Transmittal of Notices. All notices,
requests, consents and other communications under this Purchase Option shall be in writing and shall be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (i) if to the registered Holder of
the Purchase Option, to the address of such Holder as shown on the books of the Company, or (ii) if to the Company, to the following address or to such other address as the Company may designate by notice to the Holders: 

Hash Space Acquisition Corp
 Room
06, 13A/F. 
 South Tower, World Finance Centre, Harbour City 

17 Canton Road, Tsim Sha Tsui 

Kowloon, Hong Kong 
 Attn: 

Telephone: 
 9. MISCELLANEOUS. 

9.1 Amendment The Company and Chardan, for as long as it is a Holder, may from time to time supplement or amend this Purchase Option
without the approval of any of the Holders in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any other provisions in regard to
matters or questions arising hereunder that the Company and Chardan may deem necessary or desirable and that the Company and Chardan deem shall not adversely affect the interest of the Holders. All other modifications or amendments shall require the
written consent of and be signed by the party against whom enforcement of the modification or amendment is sought. 
 9.2 Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this Purchase Option. 

 9.3 Entire Agreement. This Purchase Option (together with the other agreements and
documents being delivered pursuant to or in connection with this Purchase Option) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the
parties, oral and written, with respect to the subject matter hereof. 
 9.4 Binding Effect. This Purchase Option shall inure solely
to the benefit of and shall be binding upon the Holder and the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed to have any legal or equitable right,
remedy or claim under or in respect of or by virtue of this Purchase Option or any provisions herein contained. 
 9.5 Governing Law;
Submission to Jurisdiction. This Purchase Option shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof. Each of the Holder and the
Company hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Option shall be brought and enforced in the New York Supreme Court, County of New York, or in the United States District
Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. Each of the Holder and the Company hereby waives any objection to such exclusive jurisdiction and that such courts
represent an inconvenient forum. Any process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth
in Section 8.4 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any
such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefore. 

9.6 Waiver, Etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Option shall
not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Option or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this
Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Option shall be effective unless set forth in a
written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-
fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach or non-compliance. 

9.7 Execution in Counterparts. This Purchase Option may be executed in one or more counterparts, and by the different parties hereto in
separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties
hereto and delivered to each of the other parties hereto. 
 9.8 Exchange Agreement. As a condition of the Holder’s receipt and
acceptance of this Purchase Option, the Holder agrees that, at any time prior to the complete exercise of this Purchase Option by the Holder, if the Company and Chardan enter into an agreement (“Exchange Agreement”) pursuant
to which they agree that all outstanding Purchase Option’s will be exchanged for securities or cash or a combination of both, then the Holder shall agree to such exchange and become a party to the Exchange Agreement. 

 [Signature Page Follows] 

 IN WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by its duly
authorized officer as of the _____ day of ____________, 2021. 
  

			
	HASH SPACE ACQUISITION CORP
		
	By:	 	 
		 	Name:
		 	Title:

 FORM TO BE USED TO EXERCISE PURCHASE OPTION 

Hash Space Acquisition Corp 
 Room 06, 13A/F. 

South Tower, World Finance Centre, Harbour City 
 17 Canton Road,
Tsim Sha Tsui 
 Kowloon, Hong Kong 
 Date: _________________,
20___ 
 The undersigned hereby elects irrevocably to exercise all or a portion of the within Purchase Option and to purchase ____ Units of Hash Space
Acquisition Corp and hereby makes payment of $____________ (at the rate of $_________ per Unit) in payment of the Exercise Price pursuant thereto. Please issue the securities as to which this Purchase Option is exercised in accordance with the
instructions given below. 
 or 
 The undersigned hereby
elects irrevocably to convert its right to purchase _________ Units purchasable under the within Purchase Option by surrender of the unexercised portion of the attached Purchase Option (with a “Value” based of $_______ based on a
“Market Price” of $_______). Please issue the securities comprising the Units as to which this Purchase Option is exercised in accordance with the instructions given below. 

 

			
	Signature:	 	
		
		 	                                      
                                         
                             
		 	NOTICE: The signature must correspond with the name as written upon the face of the Purchase Option in every particular, without alteration or enlargement or any change whatever.

 Signature(s) Guaranteed: 
 THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15). 
  
  

INSTRUCTIONS FOR REGISTRATION OF SECURITIES 

Name: 
  

 

	
	(Print in Block Letters)

 Address:
  

 

 FORM TO BE USED TO ASSIGN PURCHASE OPTION 

ASSIGNMENT 
 (To be executed by the registered
Holder to effect a transfer of the within Purchase Option): 
 FOR VALUE RECEIVED,______________________________________________ does hereby sell, assign
and transfer unto___________________________________________ the right to purchase __________ Units of Hash Space Acquisition Corp (the “Company”) evidenced by the within Purchase Option and does hereby authorize the Company
to transfer such right on the books of the Company. 
 Dated:___________________, 20__

 

			
		 	
                      
                                         
                     

		 	 Signature

		
		 	                                      
                                         
                     
		 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the Purchase Option in every particular, without alteration or enlargement or any change whatever.

 Signature(s) Guaranteed: 
  

 
 THE SIGNATURE(S) SHOULD BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15).EX-10.1

 Exhibit 10.1 

Execution Version 

TERMINATION AND SETTLEMENT AGREEMENT 

THIS TERMINATION AND SETTLEMENT AGREEMENT (this “Agreement”) is made and entered into effective as of October 4, 2021
(the “Effective Date”), by and among ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation (“Odyssey”), ALDAMA MINING COMPANY, S. DE R.L. DE C.V., a Mexican company (“Aldama”), ODYSSEY MARINE
ENTERPRISES, LTD., a Bahamian company (“Enterprises”), OCEANICA MARINE OPERATIONS, S.R.L., a Panamanian company (“OMO”), and ODYSSEY MARINE SERVICES, INC., a Nevada corporation (“OMS”), on the one
hand; and MONACO FINANCIAL, LLC, a California limited liability company (“Monaco”), MAGELLAN LIMITED, a Guernsey company (“Magellan”), and SMOM LIMITED, a Jersey company (“SMOM”), on the other hand.
As used in this Agreement (a) Odyssey, Aldama, Enterprises, OMO, and OMS are collectively referred to as the “Odyssey Parties,” and (b) Monaco, Magellan, and SMOM are collectively referred to as the “Monaco
Parties.” 
 Recitals: 

A. The Odyssey Parties and the Monaco Parties are parties to various loan arrangements and other commercial or transaction
relationships pursuant to the Loan Documents (as defined herein) and the Acquisition Transaction Documents (as defined herein). 
 B.
Certain of the Odyssey Parties have outstanding obligations to certain of the Monaco Parties pursuant to the Loan Documents and the Acquisition Transaction Documents; and certain of the Monaco Parties have outstanding obligations to certain of the
Odyssey Parties pursuant to the Loan Documents and the Acquisition Transaction Documents. 
 C. Disagreements have arisen among
certain of the Odyssey Parties and certain of the Monaco Parties regarding their respective rights and obligations under the Loan Documents and the Acquisition Transaction Documents. 

D. The Odyssey Parties and the Monaco Parties desire to settle and resolve all their disputes, on the terms and subject to the
conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

Article 1 
 Definitions
and Interpretation 
 Section 1.01. Definitions. Capitalized terms used herein and not otherwise
defined shall have the respective meanings set forth in Appendix A attached hereto. 
 Section 1.02.
Interpretation. For purposes of this Agreement: (a) the words “include,” “includes,” and “including” shall be deemed to be followed by the words “without limitation,” (b) the word “or”
is not exclusive, and (c) the words “herein,” “hereof,” “hereby,” “hereto,” and “hereunder” refer to this Agreement as a whole. The definitions given for any defined terms in this Agreement
shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine, and neuter forms. Unless the

 
context otherwise requires, references herein: (x) to Articles, Sections, Exhibits, Appendixes, and Schedules mean the Articles and Sections of, and Exhibits, Appendixes, and Schedules
attached to, this Agreement, (y) to an agreement, instrument, or other document means such agreement, instrument, or other document as amended, restated, supplemented, and modified from time to time, and (z) to a statute or applicable law
means such statute or applicable law as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring
construction or interpretation against the Party drafting an instrument or causing any instrument to be drafted. The Exhibits, Appendixes, and Schedules referred to herein shall be construed with, and as an integral part of, this Agreement to the
same extent as if they were set forth verbatim herein. 
 Article 2 

Termination 

Section 2.01. Termination of Certain Documents. 

(a) Each of the 2014 Loan Documents, the 2018 Loan Documents, and the SMOM Loan Documents is hereby terminated and of no further force or
effect as of the Effective Date, so long as Odyssey has delivered the payment contemplated by Section 3.04(a). 
 (b) Each of the 2016
Loan Documents shall be deemed terminated and of no further force or effect as of the date upon which Odyssey has performed its obligations under Section 3.01(a) and Section 3.01(b). 

(c) Each of the Acquisition Ancillary Documents is hereby terminated as of the Effective Date. 

(d) Any obligation to pay additional consideration pursuant to Section 2.06 of the Acquisition Agreement, and any other obligation to pay
compensation, fees, or similar monetary amounts pursuant to the Acquisition Agreement are hereby terminated as of the Effective Date. 

Section 2.02. Rights, Duties, and Obligations. In furtherance and not in limitation of Section 2.01, and
for the avoidance of doubt, from and after the Effective Date: 
 (a) none of the Monaco Parties shall have any right to repayment of any of
the indebtedness outstanding under any of the 2014 Loan Documents, the 2016 Loan Documents, the 2018 Loan Documents, or the SMOM Loan Documents; 

(b) none of the Monaco Parties shall have any rights of conversion, options to purchase, or similar rights arising out of or relating to any of
the 2014 Loan Documents, the 2016 Loan Documents, the 2018 Loan Documents, or the SMOM Loan Documents; 
 (c) none of the Monaco Parties
shall hold any security interest in or pledge of any collateral owned by any of the Odyssey Parties and granted to any of the Monaco Parties pursuant to any of the 2014 Documents, the 2018 Loan Documents, and the SMOM Loan Documents, and any such
pledge or security interest shall be deemed terminated; 
 (d) none of the Monaco Parties shall owe any amount to any of the Odyssey Parties
for services provided by any of the Odyssey Parties pursuant to any of the Acquisition Ancillary Documents or any other agreements or transactions; 

  
 2 

 (e) neither Odyssey nor any of the other Odyssey Parties shall have any right to the
additional consideration contemplated by Section 2.06(a) of the Acquisition Agreement, whether it be past, present, or future; and 

(f) neither Odyssey nor any of the other Odyssey Parties shall have any further right to provide any services to any of the Monaco Parties
pursuant to any of the Acquisition Ancillary Documents. 
 Article 3 

Consideration 

Section 3.01. From Odyssey. In consideration of the terminations set forth in Article 2 and of the other
mutual covenants and agreements herein contained and other good and valuable consideration: 
 (a) Odyssey shall issue and deliver to Monaco
or its designee 984,848 shares (the “Settlement Shares”) of Odyssey’s common stock, par value $0.0001 per share, in accordance with Section 3.03; and 

(b) subject to the provisions of Section 3.04(b) and Article 5, no later than December 1, 2021, Odyssey shall deliver to Monaco
or its designee an aggregate amount equal to $3.0 million in cash (the “Settlement Cash”), payable to Monaco or its designee in accordance with Section 3.04. 

Section 3.02. From the Monaco Parties. In consideration of the terminations set forth in Article 2 and
of the other mutual covenants and agreements herein contained and other good and valuable consideration, Monaco and Magellan, for themselves and on behalf of their affiliates, hereby sells, assigns, grants, conveys and transfers to Odyssey all of
their right, title and interest in and to the Monaco Beatrix Rights, to be held and enjoyed by Odyssey and its successors and assigns. 

Section 3.03. Delivery of Settlement Shares. As soon as practicable (and in any event within two Business
Days) after the Effective Date, Odyssey shall instruct its transfer agent to issue the Settlement Shares to Monaco or its designee in accordance with the reasonable delivery instructions provided by Monaco to Odyssey on or prior to the Effective
Date (the “Offering”). If Monaco does not provide delivery instructions to Odyssey on a timely basis, Odyssey shall instruct its transfer agent to deliver a physical stock certificate issued in Monaco’s name and
representing all the Settlement Shares to the address for Monaco set forth in Section 9.02. 
 Section 3.04.
Delivery of Settlement Cash. Odyssey shall deliver the Settlement Cash to Monaco or its designee as follows: 
 (a) on the Effective
Date, Odyssey shall deliver $500,000 of the Settlement Cash to Monaco or its designee by wire transfer of immediately available funds to an account designated in writing by Monaco; and 

(b) subject to Article 5, on or before December 1, 2021, Odyssey shall deliver an additional $2.5 million, representing the balance
of the Settlement Cash, to Monaco or its designee by wire transfer of immediately available funds to an account designated in writing by Monaco. 

If Odyssey anticipates that all or any portion of the amount payable in accordance with Section 3.04(b) will be derived, directly or
indirectly, from proceeds under the Beatrix Agreement, Odyssey will provide an instruction (an “Instruction”) directing legal counsel representing the parties in the subject matter of the Beatrix Agreement
(“Beatrix Counsel”) to accept, deposit, and retain in a client 

  
 3 

 
trust account, from the portion of the settlement proceeds due to Monaco and Odyssey, an amount equal to $2.5 million dollars, for the benefit of Monaco. Any Instruction delivered will be
irrevocable absent Monaco’s written approval. If Beatrix Counsel receives both proceeds under the Beatrix Agreement and an Instruction on or before December 1, 2021, Odyssey shall be deemed not to be in breach of Section 3.04 if
Beatrix Counsel delivers the $2.5 million to Monaco on or before December 8, 2021. Monaco shall not take, or fail to take, any action that would reasonably be expected to delay the proper disbursement of the $2.5 million by Beatrix
Counsel. 
 Section 3.05. Evidence of Obligation. At Monaco’s request, Odyssey agrees that it will
prepare, execute, and deliver to Monaco a negotiable promissory note payable to Monaco (or its designee) evidencing Odyssey’s obligation under Section 3.04(b). Any such note shall set forth or incorporate by reference the rights of Monaco
(or such designee) under Article 4 and Article 5.
 Article 4 

Security 

Section 4.01. Grant of Security Interest. As security for Odyssey’s obligations under Section 3.01(b) (the
“Secured Obligation”), OMO hereby grants to Monaco, for the benefit of all the Monaco Parties, a continuing security interest in the OMO Collateral and all substitutions, replacements, additions, accessions, proceeds,
products to or of the OMO Collateral. For the avoidance of doubt, Monaco acknowledges that its security interest in the OMO Collateral is not a first priority security interest, and Monaco’s security interest in the OMO Collateral is
subordinate only to the security interests granted to the Senior Lender. 
 Section 4.02. Secured
Obligation. The security interest granted pursuant to Section 4.01 shall secure the prompt payment of the Secured Obligation. 

Section 4.03. Perfection. OMO hereby specifically authorizes Monaco at any time and from time to time to file
financing statements, continuation statements, similar perfection documents, and amendments thereto that describe the OMO Collateral and contain any other information required by the applicable law of the jurisdiction of organization of OMO for the
sufficiency or filing office acceptance of any financing statement, continuation statement, similar perfection documents, or amendment. At any time and from time to time, OMO shall take such steps as Monaco may reasonably request for Monaco to
ensure the continued perfection and priority of Monaco’s security interest in the OMO Collateral and of the preservation of its rights therein. 

Article 5 
 Conversion

 Section 5.01. Option to Convert. Monaco shall have the right at any time and from time to time
during the period commencing on the Effective Date and ending the date on which Odyssey delivers $2.5 million in cash to Monaco in accordance with Section 3.04(b) (the “Conversion Period”), in accordance with the
procedures set forth below, to convert all of the Secured Obligation into shares of Common Stock. 
 Section 5.02.
Exercise of Option. If Monaco elects to exercise its right to convert the Secured Obligation, Monaco shall specify in a written notice to Odyssey (an “Exercise Notice”) (a) that Monaco elects to exercise its right
to convert all of the Secured Obligation, and (b) whether the shares of Common Stock issued pursuant to this Article 5 are to be issued in the name of Monaco or a designee. As soon as practicable thereafter, Monaco shall receive one or more
certificates, registered in the name of Monaco or its designee(s), representing the shares of Common Stock issued pursuant to this Article 5. 

  
 4 

 Section 5.03. Conversion Price. If Monaco elects to
exercise its right to convert all or a portion of the Secured Obligation, then the number of shares of Common Stock that Monaco shall be entitled to receive (the “Conversion Shares”) shall equal the quotient determined by
dividing (a) $2.5 million, by (b) the Conversion Price. 
 Section 5.04. Conversion Date. Any
conversion of the Secured Obligation pursuant to this Article 5 shall be deemed to occur on the date which Monaco delivers the Exercise Notice to Odyssey (the “Conversion Date”), except that, if Monaco delivers an Exercise
Notice on or after November 21, 2021, then the Conversion Date shall be December 1, 2021. 
 Article 6 

Representations and Warranties 

Section 6.01. Representations and Warranties of the Odyssey Parties. Each of the Odyssey Parties hereby represents
and warrants to the Monaco Parties that: 
 (a) such Odyssey Party is an entity duly organized, validly existing, and in good standing under
the laws of its organization; 
 (b) such Odyssey Party has the full right, power, and authority to enter into this Agreement and to perform
its obligations hereunder; 
 (c) the execution of this Agreement by such Odyssey Party and the delivery of this Agreement by such Odyssey
Party, have been duly authorized by all necessary action on the part of such Odyssey Party; 
 (d) the execution, delivery and performance of
this Agreement by such Odyssey Party will not violate, conflict with, require consent under or result in any breach or default under any of such Odyssey Party’s organizational documents (including its articles or certificate of incorporation or
formation, bylaws, limited liability company agreement or similar organizational documents; and 
 (e) this Agreement has been executed and
delivered by such Odyssey Party and (assuming due authorization, execution and delivery by the other Parties hereto) constitutes the legal, valid, and binding obligation of such Odyssey Party, enforceable against such Odyssey Party in accordance
with its terms. 
 Section 6.02. Representations and Warranties of the Monaco Parties. Each of the Monaco
Parties hereby represents and warrants to the Odyssey Parties that: 
 (a) such Monaco Party is an entity duly organized, validly existing,
and in good standing under the laws of its organization; 
 (b) such Monaco Party has the full right, power, and authority to enter into this
Agreement and to perform its obligations hereunder; 
 (c) the execution of this Agreement by such Monaco Party and the delivery of this
Agreement by such Monaco Party, have been duly authorized by all necessary action on the part of such Monaco Party; 

  
 5 

 (d) the execution, delivery and performance of this Agreement by such Monaco Party will not
violate, conflict with, require consent under or result in any breach or default under any of such Monaco Party’s organizational documents (including its articles or certificate of incorporation or formation, bylaws, limited liability company
agreement or similar organizational documents; 
 (e) this Agreement has been executed and delivered by such Monaco Party and (assuming due
authorization, execution and delivery by the other Parties hereto) constitutes the legal, valid, and binding obligation of such Monaco Party, enforceable against such Monaco Party in accordance with its terms; and 

(f) although nominally parties to the Acquisition Agreement, neither Freeport nor Magellan-Bahamas was ever organized; none of the Monaco
Parties continues to hold, directly or indirectly, any interest in Seascape; and, therefore, none of the Odyssey Parties owes any duties or obligations to Freeport, Magellan-Bahamas, or Seascape. 

Section 6.03. Securities Representations and Warranties. Monaco and any of the other Monaco Parties to which
any of the Settlement Shares are issued and delivered hereby (each of Monaco and any such other Monaco Parties, as applicable, a “Purchaser”) represent and warrant to Odyssey that: 

(a) Registration. Such Purchaser acknowledges that the Settlement Shares and any Conversion Shares will be issued pursuant to
Odyssey’s registration statement on Form S-3 (Registration No. 333-227666) filed under the Securities Act, which was declared effective by the U.S. Securities
and Exchange Commission on October 25, 2018, the base prospectus included therein (the “Base Prospectus”) and the related prospectus supplement, dated of even date herewith (the “Prospectus
Supplement,” and, together with the Base Prospectus, the “Prospectus”), containing certain information regarding the Settlement Shares and the Conversion Shares and the issuance thereof. 

(b) Acknowledgement of Delivery. Each Purchaser acknowledges that Odyssey has delivered a copy of the Prospectus to him, her, or it
prior to such Purchaser’s execution and delivery of this Agreement. 
 Article 7 

Mutual Releases 

Section 7.01. Release by Odyssey Parties. In exchange for the Monaco Parties’ promises and obligations
contained in this Agreement, each of the Odyssey Parties, on behalf of itself and its agents, directors, employees, attorneys, parents, affiliates, subsidiaries, successors, predecessors, assigns, and anyone claiming by or through them, hereby
releases and forever discharges each of the Monaco Parties and its present and former agents, directors, employees, attorneys, affiliates, subsidiaries, parents, successors, predecessors and assigns of and from any and all claims, debts, demands,
obligations, damages, liabilities, benefits, costs, actions, causes of action, suits, proceedings, whether known or unknown, of whatsoever kind and nature in law or in equity, it now has, has had or to date may have, arising or accruing from or
relating to, in whole or in part, any matter. This release does not preclude any claims which may arise in the future, including, but not limited to, any action to enforce the terms of this Agreement. 

Section 7.02. Release by Monaco Parties. In exchange for the Odyssey Parties’ promises and obligations
contained in this Agreement, each of the Monaco Parties, on behalf of itself and its agents, directors, employees, attorneys, parents, affiliates, subsidiaries, successors, predecessors, assigns, and anyone claiming by or through them, hereby
releases and forever discharges each of the Odyssey Parties and its present and former agents, directors, employees, attorneys, affiliates, subsidiaries, parents, successors, predecessors and assigns of and from any and all claims, debts, demands,
obligations, damages, liabilities, benefits, costs, actions, causes of action, suits, proceedings, whether known or unknown, of whatsoever kind and nature in law or in equity, it now has, has had or to date may have, arising or accruing from or
relating to, in whole or in part, any matter. This release does not preclude any claims which may arise in the future, including, but not limited to, any action to enforce the terms of this Agreement. 

  
 6 

 Article 8 

Indemnification 

Section 8.01. By the Monaco Parties. Each of the Monaco Parties shall indemnify and hold each of the Odyssey
Parties and their respective directors, officers, shareholders, members, partners, employees and agents (and any other persons with a functionally equivalent role of a person holding such titles notwithstanding a lack of such title or any other
title) (each, an “Odyssey Indemnitee”) harmless from any and all Damages that any Odyssey Indemnitee may suffer or incur arising out of, as a result of, or relating to any inaccuracy, breach or violation of any of the
representations, warranties, covenants or agreements made by any of the Odyssey Parties in this Agreement. 

Section 8.02. By the Odyssey Parties. Each of the Odyssey Parties shall indemnify and hold each of the Monaco
Parties and their respective directors, officers, shareholders, members, partners, employees and agents (and any other persons with a functionally equivalent role of a person holding such titles notwithstanding a lack of such title or any other
title) (each, a “Monaco Indemnitee”) harmless from any and all Damages that any Monaco Indemnitee may suffer or incur arising out of, as a result of, or relating to any inaccuracy, breach or violation of any of the
representations, warranties, covenants or agreements made by any of the Monaco Parties in this Agreement. 
 Article 9 

General Provisions 

Section 9.01. Further Assurances. Each party hereto shall execute and deliver such additional documents and
take all such further action as may be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the transactions contemplated by this Agreement. 

Section 9.02. Notices. All notices, requests, consents, claims, demands, waivers and other communications
hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested);
or (c) on the date sent by e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent after normal business
hours of the recipient. Such communications must be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 9.02): 

 

			
	 If to any of the Odyssey Parties:
	  	 Odyssey Marine Exploration, Inc.
 205 S. Hoover
Boulevard
 Suite 210
 Tampa, Florida 3360

Attention: Chairman and President
 Email:
mark@odysseymarine.com

  
 7 

			
	 With a copy (which shall not

constitute notice) to:
	  	 Akerman LLP
 401 East Jackson Street

Suite 1700
 Tampa, Florida 33602

Attention: David M. Doney
 Email:
david.doney@akerman.com

		
	 If to Monaco:
	  	 c/o Borchard & Callahan, APC
 25909
Pala
 Suite 300
 Mission Viejo, California 92691

Attention: Thomas Borchard
 Email:
tborchard@borchardlaw.com

		
	 If to Magellan:
	  	 1st Floor, Tudor House
 Le Bordage

St Peter Port
 Guernsey

GY1 1DB

		
	 If to SMOM:
	  	 VTS Tower
 Victoria Pier

St Helier
 JE2 3NB

 Section 9.03. Public Announcements. Unless otherwise required by applicable
law or stock exchange requirements (based upon the reasonable advice of counsel), no party to this Agreement shall make any public announcements in respect of this Agreement or the transactions contemplated hereby or otherwise communicate with any
news media without the prior written consent of the other party, and the parties shall cooperate as to the timing and contents of any such announcement. 

Section 9.04. Headings. The headings in this Agreement are for reference only and shall not affect the
interpretation of this Agreement. 
 Section 9.05. Severability. If any term or provision of this Agreement
is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other
jurisdiction. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as
possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. 

Section 9.06. Entire Agreement. This Agreement constitute the soles and entire agreement of the parties to
this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous representations, warranties, understandings and agreements, both written and oral, with respect to such subject matter. 

  
 8 

 Section 9.07. Assignment. No party may assign any of its
rights or delegate any of its obligations hereunder without the prior written consent of (a) in the case of any Monaco Party, Odyssey, and (b) in the case of any Odyssey Party, Monaco, which consent shall not be unreasonably withheld,
conditioned, or delayed. Any purported assignment or delegation in violation of this Section 9.07 shall be null and void. No assignment or delegation shall relieve the assigning or delegating party of any of its obligations hereunder. For the
voidance of doubt, the provisions of this Section 9.07 does not apply to any assignment, sale, or other transfer of any Settlement Shares or Conversion Shares by any of the Monaco Parties. 

Section 9.08. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and their respective permitted successors and permitted assigns. 
 Section 9.09. No Third
Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any
legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

Section 9.10. Amendment and Modification; Waiver. This Agreement may only be amended, modified or
supplemented by an agreement in writing signed by each party hereto. 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 waiver by any party shall
operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. No failure to exercise,
or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. 
 Section 9.11. Governing Law;
Submission to Jurisdiction; Waiver of Jury Trial. 
 (a) This Agreement and all matters arising out of or relating to this Agreement,
whether sounding in contract, tort, or statute shall be governed by, and construed in accordance with, the laws of the State of Florida, without giving effect to the conflict of laws provisions thereof to the extent such principles or rules would
require or permit the application of the laws of any jurisdiction other than those of the State of Florida. 
 (b) ANY LEGAL SUIT, ACTION OR
PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF FLORIDA
IN EACH CASE LOCATED IN THE CITY OF TAMPA AND COUNTY OF HILLSBOROUGH, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY
MAIL TO SUCH PARTY’S ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF
ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

  
 9 

 (c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING
OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND
(D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.11(c). 

Section 9.12. Specific Performance. The parties agree that irreparable damage would occur in the event that
any of the provisions of this Agreement were not performed in accordance with their specific terms and that monetary damages, even if available, would not be an adequate remedy therefor. It is accordingly agreed that the parties shall be entitled to
specific performance of the terms hereof, this being in addition to any other remedy to which they are entitled at law or in equity. The parties acknowledge that the awarding of equitable remedies is within the discretion of the applicable court.

 Section 9.13. Counterparts. This Agreement may be executed in counterparts, each of which shall be
deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be
deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 
 [Remainder of page left blank; 

signature pages follow] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first written above by their respective officers thereunto duly authorized. 
  

									
	Odyssey Marine Exploration, Inc.	  		  	Monaco Financial, LLC
					
	By:	  	 /s/ Mark D. Gordon
	  		  	By:	  	 /s/ Michael Carabini

		  	Mark D. Gordon	  		  	Name:	  	Michael Carabini
		  	Chief Executive Officer	  		  	Title:	  	President
			
	Odyssey Marine Enterprises, Ltd.	  		  	Magellan Limited
					
	By:	  	 /s/ Mark D. Gordon
	  		  	By:	  	 /s/ R.J. Parkinson

		  	Mark D. Gordon	  		  	Name:	  	R.J. Parkinson
		  	Vice President	  		  	Title:	  	Director
			
	Oceanica Marine Operations, S.R.L.	  		  	SMOM Limited
					
	By:	  	 /s/ Mark D. Gordon
	  		  	By:	  	 /s/ R.J. Parkinson

		  	Mark D. Gordon	  		  	Name:	  	R.J. Parkinson
		  	Vice President	  		  	Title:	  	Director
				
	Odyssey Marine Services, Inc.	  		  		  	
					
	By:	  	 /s/ Mark D. Gordon
	  		  		  	
		  	Mark D. Gordon	  		  		  	
		  	Vice President	  		  		  	
				
	Aldama Mining Company, S. de R.L. de C.V.	  		  		  	
					
	By:	  	  
	  		  		  	
		  	Mark D. Gordon	  		  		  	
		  	Chief Executive Officer	  		  		  	

  
 11 

 Appendix A 

Definitions 
 “2014
Loan Agreement” means the Loan Agreement, dated as of August 14, 2014, between Monaco and Odyssey. 
 “2014 Loan
Documents” means, collectively, the 2014 Loan Agreement and the 2014 Notes. 
 “2014 Notes” means all promissory
notes issued by Odyssey to Monaco pursuant to the 2014 Loan Agreement in the aggregate principal amount of $10.0 million. 

“2016 Loan Agreement” means the Loan and Security Agreement, dated as of April 15, 2016, among Monaco, Odyssey, OMO,
OMS, and Enterprises. 
 “2016 Loan Documents” means, collectively, the 2016 Loan Agreement and the 2016 Note. 

“2016 Note” means the convertible promissory note, dated April 15, 2016, issued by Odyssey to Monaco pursuant to the
2016 Loan Agreement in the principal amount of $1.825 million. 
 “2018 Loan Agreement” means the Loan and Security
Agreement, dated as of April 20, 2018, among Monaco and Odyssey. 
 “2018 Loan Documents” means, collectively, the
2018 Loan Agreement and the 2018 Note. 
 “2018 Note” means the promissory note, dated April 20, 2018, issued by
Odyssey to Monaco pursuant to the 2018 Loan Agreement in the principal amount of $1,099,367.00. 
 “Acquisition Agreement”
means the Acquisition Agreement, dated as of December 10, 2015, among Odyssey, Magellan, Freeport, and Seascape. 

“Acquisition Ancillary Documents” means, collectively, the MMS Agreement, the Services Agreement, and the VTC Agreement (in
each case as such terms are defined in the Acquisition Agreement). 
 “Acquisition Transaction Documents” means, together,
the Acquisition Agreement and the Acquisition Ancillary Documents. 
 “Aldama” has the meaning set forth in the preamble.

 “Base Prospectus” has the meaning set forth in Section 4.03(a). 

“Beatrix Agreement” means the letter of intent and term sheet dated October 31, 2018, and thereafter executed by Monaco,
Magellan, Odyssey, and the other parties thereto, relating to the shipwreck code-named “Beatrix.” 
 “Beatrix
Counsel” means has the meaning set forth in Section 3.04. 
 “Business Day” means a day other than a
Saturday, Sunday or other day on which commercial banks in Tampa, Florida are authorized or required by law to close. 
 “Common
Stock” means Odyssey’s common stock, par value $0.0001 per share. 
 “Conversion Period” has the meaning set
forth in Section 5.01. 

 Appendix A 

Definitions 
  

 “Conversion Price” means the product of (a) 90.0% multiplied by (b) the
greater of (i) $5.50 or (ii) the average closing price of the Common Stock (as reflected on Nasdaq.com) for the five full trading days immediately preceding the date on which the Exercise Notice is delivered pursuant to Section 5.02. 

“Conversion Shares” has the meaning set forth in Section 5.03. 

“Damages” means losses, liabilities, obligations, claims, contingencies, damages, costs and expenses, including all
judgments, amounts paid in settlements, court costs and reasonable attorneys’ fees and costs of investigation. 
 “Effective
Date” has the meaning set forth in the preamble. 
 “Enterprises” has the meaning set forth in the preamble. 

“ExO” means Exploraciones Oceanicas S. de R.L. de C.V., a Mexican company. 

“ExO Note” means the Amended and Restated Consolidated Note and Guaranty, dated September 25, 2015, in the original
principal amount of $18.0 million and issued by ExO to OMO. 
 “Freeport” means Freeport Ocean Minerals Ltd, a
purported Bahamian company that was a nominal party to the Acquisition Agreement. 
 “Gross Proceeds” has the meaning set
forth in the Beatrix Agreement. 
 “Instruction” means has the meaning set forth in Section 3.04.“Loan
Agreements” means, collectively, the 2014 Loan Agreement, the 2016 Loan Agreement, the 2018 Loan Agreement, and the SMOM Loan Agreement. 

“Loan Documents” means the Loan Agreements, the Outstanding Notes, and all other agreements, instruments, and documents
delivered pursuant to the Loan Agreements. 
 “Magellan” has the meaning set forth in the preamble. 

“Magellan-Bahamas” means Magellan Offshore Services Ltd, a purported Bahamian company that was a nominal party to the
Acquisition Agreement. 
 “Monaco” has the meaning set forth in the preamble. 

“Monaco Beatrix Rights” means all the right, title, and interest of Monaco, Magellan, and their affiliates to a 20.0%
interest in Gross Proceeds or in-kind distributions from the Shipwreck pursuant to paragraph 5 of Appendix A to the Beatrix Agreement. 

“Monaco Indemnitee” has the meaning set forth in Section 8.02. 

“Notes” means, collectively, the 2014 Notes, the 2016 Note, the 2018 Note, and the SMOM Note. 

“Odyssey” has the meaning set forth in the preamble. 

“Odyssey Indemnitee” has the meaning set forth in Section 8.01. 

“Offering” has the meaning set forth in Section 3.03. 

 Appendix A 

Definitions 
  

 “OMO” has the meaning set forth in the preamble. 

“OMO Collateral” means one-half of the indebtedness evidenced by the ExO Note and all
rights associated therewith. 
 “OMS” has the meaning set forth in the preamble. 

“Prospectus” has the meaning set forth in Section 4.03(a). 

“Prospectus Supplement” has the meaning set forth in Section 4.03(a). 

“Purchaser” has the meaning set forth in Section 4.03. 

“Seascape” means Seascape Artifact Exhibits, Inc., a purported Nevada corporation that was party to the Acquisition
Agreement. 
 “Secured Obligation” has the meaning set forth in Section 4.01. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Senior Lender” means Epsilon Acquisitions LLC, a Delaware limited liability company. 

“Settlement Shares” has the meaning set forth in Section 3.01(a). 

“Shipwreck” has the meaning set forth in the Beatrix Agreement. 

“SMOM” has the meaning set forth in the preamble. 

“SMOM Loan Agreement” means the Amended and Restated Loan Agreement, dated as of April 20, 2018, among SMOM, Odyssey,
and Aldama. 
 “SMOM Loan Documents” means, collectively, the SMOM Loan Agreement and the SMOM Note. 

“SMOM Note” means the promissory note, dated April 20, 2018, issued by Odyssey to SMOM pursuant to the SMOM Loan
Agreement in the principal amount of $3.5 million.

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