Document:

Exhibit
10.63

 

AMENDED
DIGITAL LIKENESS DEVELOPMENT AGREEMENT

 

THIS
AMENDED DIGITAL LIKENESS DEVELOPMENT AGREEMENT (this “Agreement”) is made and entered into as of January 25, 2020
(the “Effective Date”) between FaceBank Group, Inc., a Florida corporation (“FaceBank Group”), FaceBank,
Inc., a Florida corporation (“FaceBank”), and Floyd Mayweather, an individual, represented by ONE Entertainment (“Mayweather”).

 

WHEREAS,
FaceBank Group is a digital human technology company, focused on the development, collection, protection and preparation of the
personal digital likeness assets, of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity
and social networking;

 

WHEREAS,
Mayweather is a retired professional boxing champion, professional boxing promoter and globally recognized celebrity, active in
the sports and entertainment industries;

 

WHEREAS,
FaceBank, a minority subsidiary of Facebank Group, is a development stage company formed to become the world’s first virtual
bank dedicated to the capture, storage, protection, distribution and opt-in enjoyment of the world’s faces.

 

WHEREAS,
the parties desire to enter into a joint venture and revenue share agreement, principally focused on commercial opportunities
relating to the digital likeness of Mayweather, and the potential collaboration with the digital likenesses of other globally
recognized athletes and celebrities;

 

WHEREAS,
the parties desire to enter into an agreement that accurately describes their working relationship and agreement, intending this
agreement to amend and supersede the DIGITAL LIKENESS DEVELOPMENT AGREEMENT between the parties, dated July 31, 2019;

 

NOW,
THEREFORE, in consideration of the mutual covenants, agreements and conditions contained in this Agreement, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound hereby, agree as follows:

 

1.
Term. The term (“Term”) of this Agreement will commence on the Effective Date and continue until the
fifth anniversary of the Effective Date, unless extended by mutual agreement of the parties. FaceBank Group shall also have an
option to extend the Agreement, for an additional five year term, if either (a) the cash proceeds paid to Mayweather, in connection
with this Agreement, are equal to, or greater than, Five Million dollars ($5,000,000) during the final year of the Agreement,
or (b) the cash proceeds paid to Mayweather, in connection with this Agreement, are equal to, or greater than, $15 million dollars
($15,000,000), during the entire term of the Agreement. For the purposes of this agreement, cash proceeds shall include amounts
paid to Mayweather, either by third parties or by FaceBank Group, or its affiliates.

 

2.
Development of Virtual Mayweather. FaceBank Group and FaceBank will work directly with Mayweather to research, capture
and analyze photographic, filmed and mathematical representations of the face and body of Mayweather, to develop a comprehensive
and hyper-realistic, computer generated ‘digital likeness’ of the face and body of Mayweather (“Virtual Mayweather”),
for global exploitation in commercial applications.

 

Use
of Virtual Mayweather. Virtual Mayweather shall be available for broad commercial purposes, based on the mutual agreement
of Mayweather and FaceBank Group, including but not limited to, feature films, television commercials, award shows, live concerts,
print advertisements, outdoor/public advertisements, endorsements, video games, virtual reality, augmented reality, social media
and other holographic public appearances. Virtual Mayweather shall also be available, at the sole discretion of Mayweather, for
his personal use, subject to certain cost considerations outlined in section 7 below.

 

    	 	1	 

     

    

 

3.
Catalog of Virtual Mayweather Assets. Upon completion of the core digital assets of Virtual Mayweather, FaceBank
Group shall continue to develop a robust library of facial poses revealing of the personality and physical appeal of Mayweather,
as necessary to support commercial requests for the likeness of Mayweather, in a timely manner, and to reduce the need for Mayweather
to appear personally for photographic and modeling engagements.

 

4.
Responsibility of FaceBank Group. FaceBank Group will be responsible for the marketing, license, distribution and
implementation of applications and the usage of Virtual Mayweather. All uses, applications and deployments of the Virtual Mayweather
Assets shall be approved, in advance, by Mayweather, or his designated representatives. Mayweather shall devote his reasonable
best efforts to approve or reject proposed applications, in a timely manner, as necessary to support the business purposes of
FaceBank Group and Maywether, as contemplated by this Agreement.

 

5.
Role of FaceBank. FaceBank shall be entitled to, and will, utilize Virtual Mayweather and its relationship with
Floyd Mayweather in connection with various promotional initiatives intending to demonstrate to a global audience the diverse
opportunities for usage of Virtual Mayweather, as well as the usage of digital likeness that may be enjoyed by consumers, prospective
joint venture partners, and business development prospects of FaceBank. All such promotional initiatives and publicity featuring
Virtual Mayweather, or referring to FaceBank’s relationship with Mayweather, shall be subject to Mayweather’s prior
review and consent, such approval not to be unreasonably withheld or delayed.

 

6.
Responsibility for Virtual Mayweather Production Costs. FaceBank Group shall be responsible for the advance funding
of all technology related costs and animation services (collectively “Virtual Mayweather Production Costs”) required
to develop, produce and maintain Virtual Mayweather as a usable digital asset, readily deployable into animation production workflows
as may be required by Virtual Mayweather profit- making activity. FaceBank Group may elect to fund such Virtual Mayweather Production
Costs directly, or seek reimbursement for such costs from third parties. However, in any event, Mayweather shall not be responsible
to fund any of such costs related to the production of Virtual Mayweather for profit-making activity in which FaceBank Group has
a revenue sharing interest, as outlined in section 8 below. Notwithstanding the foregoing, Mayweather shall be responsible for
any and all costs associated with his personal use of Virtual Mayweather, in which FaceBank Group has no economic participation.

 

7.
Revenue Sharing. Revenues will be split in the following manner, as necessary to provide equal importance to Mayweather
and to the recovery of invested capital by FaceBank Group:

 

Initial
Sharing Ratio: Until such time as FaceBank Group has recovered actual funded Virtual Mayweather Production Costs, revenues
attributable to the exploitation of Virtual Mayweather will be collected by FaceBank Group and divided 50% to Mayweather and 50%
to FaceBank Group.

 

Post-recoupment
Sharing Ratio: Any and all revenues attributable to the exploitation of Virtual Mayweather, in excess of recovery of Virtual
Mayweather Production Costs, will be collected by FaceBank Group and divided 75% to Mayweather and 25% to FaceBank Group.

 

Method
and Timing of Payments. FaceBank Group shall be responsible to pay Mayweather’s share of revenues, as described above,
on a quarterly basis, immediately after completion of independent auditor review of FaceBank Group quarterly financials, as such
would be filed with the United States Securities Exchange Commission.

 

    	 	2	 

     

    

 

8.
Mayweather Share Grant and Cash Incentive. Upon execution of the Amended Digital Likeness Development Agreement,
Mayweather shall be entitled to receive an upfront cash payment of US$250,000, such amount having already been paid to Mayweather
by FaceBank Group. Mayweather shall also be entitled to an option to purchase 280,000 shares of FaceBank Group common stock, at
an exercise price of $7.20 per share, which is equal to market price determination at execution of the Digital Likeness Development
Agreement, dated July 21, 2019. Such stock options shall be exercisable for a five year period ending midnight EST on December
21, 2024. The option may be exercised with a cash payment, or by a cashless exercise method which shall grant to Mayweather an
amount of marketable shares equal in value to the difference between the market price per share, upon exercise, and the original
exercise price, such difference then multiplied by the number of options so exercised. . The issuance of such options shall not
constitute a taxable event, until such time as the options are exercised at Mayweather’s discretion and the corresponding
shares are simultaneously sold. Facebank Group hereby agrees, at the election of Mayweather, to execute the exercise and sale
transaction, thereby withholding any taxes due and remitting to Mayweather the net cash proceeds.

 

9.
Publicity. Mayweather and FaceBank Group shall cooperate and consult with each other on all matters related to the
publicity of this Agreement and the creation and deployment of Virtual Mayweather. The parties shall mutually agree on any press
releases in respect of this Agreement. No other press releases, or public announcements, relating to this Agreement shall be issued
or made by Mayweather, FaceBank Group, or any of their respective affiliates without the joint approval of Mayweather and FaceBank
Group, such approval not to be unreasonably withheld or delayed.

 

10.
Notices. Notices, requests, instructions, claims, demands, consents and other communications required or permitted
to be given under this Agreement or other communications required or desired to be sent to either party in connection with this
Agreement shall be in writing and shall be delivered by email and in person, or by internationally recognized overnight courier
service (such as Federal Express). Notices shall be deemed received when delivered in the case of personal delivery or overnight
courier delivery. Notices shall be addressed as follows (or at such other address that each Party may from time to time specify
in a written notice):

 

If
to FaceBank Group:

 

FaceBank
Group, Inc.

318
South US Highway One, Suite 200 Jupiter, FL 33477

 

If
to Mayweather:

Floyd
Mayweather

c/o
ONE Entertainment

15344
Weddington Street Unit 102 Sherman Oaks, CA 91411

 

11.
FaceBank Group Representations and Warranties. FaceBank Group represents and warrants to Mayweather that FaceBank
Group has, and will have, the right to enter into this Agreement and shall perform its obligations for the benefit of this Agreement
and for Mayweather, without infringement on third party rights, and all technology and know-how required to produce Virtual Mayweather
is either owned or licensed by FaceBank Group.

 

    	 	3	 

     

    

 

12.
Mayweather Representations and Warranties. ONE Entertainment represents and warrants to FaceBank Group that it is
free to enter into this Agreement and is not subject to any conflicting obligations or impediments that may prevent or interfere
with its performance of this Agreement.

 

13.
Florida Law. This Agreement shall be governed by and construed and interpreted in accordance with, and all disputes
hereunder or relating hereto shall be resolved in accordance with, the substantive internal laws of the State of Florida (together
with the applicable federal laws of the United States), without regard to any conflicts of laws rules that may otherwise require
the application of the laws of any other state or jurisdiction.

 

14.
Assignment. This Agreement may not be assigned in whole or in part, including by operation of law, sale of assets,
merger or otherwise, by any party without the other party’s prior written consent, which may be granted or withheld in such
party’s sole discretion.

 

15.
Entire Agreement. This Agreement (including any attachments hereto) constitutes an integrated agreement and represents
the exclusive and entire agreement among the parties with respect to the subject matter hereof, and supersedes all prior and contemporaneous
understandings and agreements of any kind, as well as all negotiations and discussions among the parties and/or their respective
legal counsel with respect to the subject matter covered hereby. No other covenants, conditions, representations, warranties,
or other agreements, express or implied, oral or written, have been made by any of the parties concerning the subject matter hereof,
and each party acknowledges that, in entering into this Agreement, it is not relying on any covenants, conditions, representations,
warranties, or other agreements except as expressly set forth herein.

 

16.
Amendment. Any amendment to this Agreement must be in writing and signed by a duly authorized representative of
the party against which enforcement is sought and must expressly state that it is the intention of such party to amend this Agreement.
No breach of any provision of this Agreement shall be deemed waived unless the waiver is in writing signed by a duly authorized
representative of the waiving party. Waiver of any one breach shall not be deemed a waiver of any other breach of the same or
any other provision of this Agreement.

 

17.
Interpretation. This Agreement shall be construed as if the parties jointly prepared it and any uncertainty or ambiguity
shall not be interpreted against any one party because of the manner in which this Agreement or any provision hereof was drafted
or prepared. Unless the context requires otherwise, all words used in this Agreement in the singular number shall extend to and
include the plural, all words in the plural number shall extend to and include the singular, and all words in any gender (including
the neuter) shall extend to and include all genders (including the neuter). Unless otherwise specifically stated, the words “herein,”
“hereof,” and “hereunder” and other words of similar import refer to this Agreement as a whole and not
to any particular article, section or paragraph. The captions and article and section headings used in this Agreement are inserted
for convenience only and shall not affect the meaning or interpretation of this Agreement.

 

18.
Counterparts. This Agreement may be executed in counterparts, and each counterpart shall have the same force and
effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned. Delivery of
a signed execution page by PDF file via email or facsimile, with acknowledgement of receipt, shall be acceptable as proof of execution.

 

[
Signature Page to Follow ]

 

    	 	4	 

     

    

 

AMENDED
DIGITAL LIKENESS DEVELOPMENT AGREEMENT by and between FACEBANK GROUP, INC., FACEBANK, INC. and FLOYD MAYWEATHER, dated December
16, 2019.

 

	ACKNOWLEDGED
    AND AGREED:	 
	 	 
	FaceBank
    Group, Inc.	 
	 	 
	/s/
    John Textor	 
	John
    Textor, CEO	 
	January
    25, 2020	 
	 	 
	Mr.
    Floyd Mayweather	 
	 	 
	/s/
    Floyd Mayweather	 
	Floyd
    Mayweather, Individually	 
	January
    25, 2020	 

 

    	 	5Exhibit
10.64

 

CONSENT
AND SECOND AMENDMENT TO NOTE PURCHASE AGREEMENT

 

This
CONSENT AND SECOND AMENDMENT TO NOTE PURCHASE AGREEMENT (this “Amendment”), dated as of May 28, 2020, is entered
into by and among FACEBANK GROUP, INC., a Florida corporation (“FaceBank”), EVOLUTION AI CORPORATION,
a Florida corporation (“Evolution”), PULSE EVOLUTION CORPORATION , a Nevada corporation (“Pulse”),
FUBOTV INC., a Delaware corporation (“FuboTV” ) and SPORTS RIGHTS MANAGEMENT, LLC, a Delaware
limited liability company (“SRM” and together with FaceBank, Evolution, Pulse and FuboTV, collectively, the
“Borrower”) and FB LOAN SERIES I, LLC, a Delaware limited liability company (the “Purchaser”).

 

WHEREAS,
the Borrower and the Purchaser are parties to that certain Note Purchase Agreement, dated as of March 19, 2020 (as supplemented
by that certain Joinder Agreement, effective as of April 2, 2020, as amended by that certain Amendment to Note Purchase Agreement,
dated April 21, 2020, and as further amended, restated, supplemented or otherwise modified from time to time, the “Purchase
Agreement”), pursuant to which the Purchaser purchased a certain promissory note issued by the Borrower, which promissory
note is secured by security interests upon the Collateral;

 

WHEREAS,
the Borrower has advised the Purchaser that (i) on May 11, 2020 FaceBank sold Capital Stock of FaceBank for aggregate consideration
in the amount of $7,409,045 (the “Financing”) and (ii) as of the date hereof, FaceBank’ s Capital Stock
has not been listed for trading on a national exchange (the “Registration Covenant”); and

 

WHEREAS,
the Purchaser desires to consent to the Equity Financing and extend the time period to satisfy the Registration Covenant, and
the parties desire to amend the Purchase Agreement, in each case subject to the terms and conditions as hereinafter set forth.

 

NOW
THEREFORE, in consideration of the mutual conditions and agreements set forth in the Purchase Agreement and this Amendment, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows:

 

Section
1. Definitions. Capitalized terms used in this Amendment, unless otherwise defined here in, shall have the meaning
ascribed to such term in the Purchase Agreement.

 

Section
2. Consent. Upon the satisfaction of all conditions precedent set forth in Section 4 below, the Purchaser
consents to the Equity Financing, and acknowledges and agrees that no Default or Event of Default has occurred under the Purchase
Agreement as a result of the Equity Financing.

 

Section
3. Amendments. Subject to the satisfaction of all conditions precedent set forth in Section 4 below,
effective as of May 25, 2020, the Purchase Agreement is hereby amended as follows:

 

(a)
Section 3.2(d)(iii) of the Purchase Agreement is amended by deleting such Section it in its entirety and inserting
“[Reserved]” in lieu thereof:

 

(b)
Section 8.17(c)(i) of the Purchase Agreement is amended by deleting “May 25, 2020”, and inserting “July 1,
2020” in lieu thereof in both instances in which such date appears in such subsection.

 

(c)
Section 9.6 of the Purchase Agreement is amended by adding the following words immediately before the period at the end of
the first sentence in such section: “, other than an Asset Disposition consisting of the Capital Stock of foreign
Subsidiaries of the Loan Parties, other than FuboTV or any Subsidiaries of FuboTV.”

 

    	 	1	 

     

    

 

Section
4. Conditions to Effectiveness. The effectiveness of this Amendment is subject to the following conditions
precedent (unless specifically waived in writing by the Purchaser):

 

(a)
The Purchaser shall have received an executed counterpart hereto signed by the Borrower; and

 

(b)
The Purchaser shall have received a payment from the Borrower m Cash of $7,500,000 as a partial redemption of the
Notes.

 

Section
5. Representations and Warranties of the Loan Parties. Each Loan Party represents and warrants that: (a) no
Default or Event of Default has occurred and is continuing; (b) no Material Adverse Effect has occurred since the Closing
Date; (c) the representations and warranties of the Loan Parties set forth in the Purchase Agreement (including any
amendment, modification, supplement or extension thereof) and the other Note Documents are true and correct in all material
respects as if made on and as of the date hereof; (d) the execution, delivery, and performance of this Amendment and the
other Note Documents related hereto are within the Loan Parties’ power and authority, have been duly authorized, do not
violate the Loan Parties’ constituent documents, any law or regulation in any material respect, including without
limitation, any law or regulation relating to occupational health and safety or protection of the environment, applicable to
the Loan Parties, or any indenture, agreement, or undertaking to which any Loan Party is a party or by which any Loan Party
or any Loan Party’s property is bound in any material respect; and (e) this Amendment and the other Note Documents
related hereto constitute the valid, binding and enforceable obligations of the Loan Parties in accordance with the terms
hereof and thereof, except as enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, arrangement,
reorganization, moratorium or other similar laws applicable to creditors’ rights generally or by generally applicable
equitable principles affecting the enforcement of creditors’ rights.

 

Section
6. Reaffirmation of Obligations. Each Loan Party hereby ratifies and reaffirms the Purchase Agreement and each other
Note Document and all of its obligations and liabilities thereunder. The Borrower acknowledges and agrees that all terms and provisions,
covenants and conditions of the Purchase Agreement shall be and remain in full force and effect and constitute the legal, valid,
binding and enforceable obligations of the Loan Parties in accordance with their respective terms as of the date hereof. The Borrower
shall pay to the Purchaser all of the Purchaser’s out-of-pocket costs and expenses actually incurred by the Purchaser in
connection with the transactions contemplated hereby and the preparation, reproduction, execution, delivery, administration and
enforcement of this Amendment, including the reasonable out-of-pocket fees and expenses of the Purchaser’ s counsel actually
incurred.”

 

Section
7. Ratification. The terms and provisions set forth in this Amendment shall modify and supersede all inconsistent
terms and provisions of the Purchase Agreement, and shall not be deemed to be a consent to the modification or waiver of any other
term or condition of the Purchase Agreement. Except as expressly modified and superseded by this Amendment, the terms and provisions
of the Purchase Agreement are ratified and confirmed and shall continue in full force and effect.

 

    	 	2	 

     

    

 

Section
8.  No Novation, Etc. This Amendment is not intended to be, nor shall it be construed to create, a novation or
accord and satisfaction, and the Purchase Agreement, as amended hereby, shall remain in full force and effect.
Notwithstanding any prior mutual temporary disregard of any of the terms of any of the Purchase Agreement, the parties agree
that the terms of each of the Purchase Agreement shall be strictly adhered to on and after the date hereof, except as
expressly modified by this Amendment.

 

Section
9. No Waiver. Nothing contained herein shall be construed as a waiver by the Purchaser of any covenant or provision
of the Purchase Agreement, the other Note Documents, this Amendment, or of any other contract or instrument between the Borrower,
on the one hand, and the Purchaser, on the other hand, and the failure by the Purchaser at any time or times hereafter to require
strict performance by the Borrower of any provision thereof shall not waive, affect or diminish any right of the Purchaser to
thereafter demand strict compliance therewith. The Purchaser hereby reserves all rights granted under the Purchase Agreement,
the other Note Documents, this Amendment and any other contract or instrument between the Borrower, on the one hand, and any Holder,
on the other hand.

 

Section
10. Release of Claims. To induce the Purchaser to enter into this Amendment, each Loan Party hereby releases, acquits
and forever discharges the Purchaser, its Affiliates and each of their respective officers, directors, agents, employees, successors
and assigns (the “Released Parties”), from all liabilities, claims, demands, actions or causes of action of
any kind (if any there be), whether absolute or contingent, due or to become due, disputed or undisputed, liquidated or unliquidated,
at law or in equity, or known or unknown, that any one or more of them now have or ever have had against any Released Parties,
whether arising under or in connection with the Purchase Agreement or otherwise through the date of this Amendment.

 

Section
11. Relationship of Parties; No Third Party Beneficiaries. Nothing in this Amendment shall be construed to alter the
existing debtor-creditor relationship between the Borrower and the Purchaser. This Amendment is not intended, nor shall it be
construed, to create a partnership or joint venture relationship between or among any of the parties hereto. No Person other than
a party hereto is intended to be a beneficiary hereof and no Person other than a party hereto shall be authorized to rely upon
or enforce the contents of this Amendment.

 

Section
12. Incorporation by Reference. Each of Sections 13.5 (Signatures; Counterparts), 13.7 (Governing Law)
and 13.8 (Jurisdiction, Jury Trial Waiver, Etc.) of the Purchase Agreement are hereby incorporated herein by reference,
mutatis mutandis.

 

Section
13. Severability. Any provision of this Amendment held by a court of competent jurisdiction to be invalid or unenforceable
shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the provision so held
to be invalid or unenforceable.

 

Section
14. References. Any reference to the Purchase Agreement contained in any document, instrument or agreement executed
in connection with the Purchase Agreement, shall be deemed to be a reference to the Purchase Agreement as modified by this Amendment.

 

Section
15. Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and permitted assigns.

 

    	 	3	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed under seal and delivered by their respective
duly authorized officers on the date first written above.

 

	 	Borrower:
	 	 	 
	 	FACEBANK
    GROUP, INC.
	 	 	 
	 	By:	 /s/
	 	Name:	 
	 	Title:	 
	 	 	 
	 	FUBOTV INC.
	 	 	 
	 	By:	 /s/
	 	Name:	 
	 	Title:	 
	 	 	 
	 	EVOLUTION
    AI CORPORATION
	 	 	 
	 	By:	 /s/
	 	Name:	 
	 	Title:	 
	 	 	 
	 	PULSE
    EVOLUTION CORPORATION
	 	 	                       
	 	By:	 /s/
	 	Name:	 
	 	Title:	 
	 	 	 
	 	SPORTS
    RIGHTS MANAGEMENT, LLC
	 	 	 
	 	By:	 /s/
	 	Name:	 
	 	Title:	 

 

[signature
pages continue]

 

    	 	4	 

     

    

 

	 	Purchaser:
	 	 	 
	 	FB
    LOAN SERIES I, LLC
	 	 	 
	 	By:	/s/
    Gregory Preis
	 	Name:	Gregory
    Preis
	 	Title:	Authorized
    Signatory

 

    	 	5

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