Document:

Exhibit
10.13

 

December
30, 2019

Membit Inc.

315
w36th street  c/o wework

New York, NY 10018

  

Re:
Right of First Refusal and Other Agreements

 

The
undersigned purchaser (the “Undersigned”) of stock of Membit Inc. (the “Company”) for good and valuable consideration
the sufficiency of which is acknowledged, for the benefit of the Company, hereby agrees as follows:

 

1.
Company’s Right of First Refusal. Before
any shares of the Company (the “Shares”) held by the Undersigned or any transferee (either being sometimes referred to herein
as the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its
assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this Section 1 (the “Right
of First Refusal”).

 

(a)
Notice of Proposed Transfer. The Holder of the
Shares shall deliver to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to
sell or otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed Transferee”);
(iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the bona fide cash price or other consideration for
which the Holder proposes to transfer the Shares (the “Offered Price”), and the Holder shall offer the Shares at the Offered
Price to the Company or its assignee(s).

 

(b)
Exercise of Right of First Refusal. At any time
within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder,
elect to purchase all, but not less than all, of the Shares proposed to be transferred to any one or more of the Proposed Transferees,
at the purchase price determined in accordance with subsection (c) below.

 

(c)
Purchase Price. The purchase price (“Purchase
Price”) for the Shares purchased by the Company or its assignee(s) under this Section 1 shall be the Offered Price. If the Offered
Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board
of Directors of the Company (the “Board”) in good faith.

 

(d)
Payment. Payment of the Purchase Price shall
be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding
indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee, to the assignee), or by any combination thereof
within thirty (30) days after receipt of the Notice or in the manner and at the times set forth in the Notice.

 

(e)
Holder’s Right to Transfer. If all of the
Shares proposed in the Notice to be transferred to a given Proposed Transferee are not purchased by the Company and/or its assignee(s)
as provided in this Section 1, then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered
Price or at a higher price, provided that such sale or other transfer is consummated within one hundred and twenty (120) days
after the date of the Notice, that any such sale or other transfer is effected in accordance with any applicable securities laws and
that the Proposed Transferee agrees in writing that the provisions of this Section 1 shall continue to apply to the Shares in the hands
of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period,
a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before
any Shares held by the Holder may be sold or otherwise transferred.

 

    	 

     

    

 

(f)
Exception for Certain Family Transfers. Anything
to the contrary contained in this Section 1 notwithstanding, the transfer of any or all of the Shares during the Holder’s lifetime
or on the Holder’s death by will or intestacy to the Holder’s immediate family or a trust for the benefit of the Holder’s
immediate family shall be exempt from the provisions of this Section 1. “Immediate Family” as used herein shall mean spouse,
lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and
hold the Shares so transferred subject to the provisions of this Section 1, and there shall be no further transfer of such Shares except
in accordance with the terms of this Section 1.

 

(g)
Termination of Right of First Refusal. The Right
of First Refusal shall terminate as to any Shares upon the earlier of (i) the first sale of Common Stock of the Company to the general
public, or (ii) a Change in Control in which the successor corporation has equity securities that are publicly traded.

 

(h)
“Change in Control” means the occurrence
of any of the following events:

 

(i)
Change in Ownership of the Company. A change
in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”),
acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total
voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private
financing of the Company that is approved by the Board will not be considered a Change in Control; or

 

(ii)
Change in Effective Control of the Company. If
the Company has a class of securities registered pursuant to Section 12 of the Exchange Act, a change in the effective control of the
Company which occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by Directors
whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election.
For purposes of this clause (ii), if any Person is considered to be in effective control of the Company, the acquisition of additional
control of the Company by the same Person will not be considered a Change in Control; or

 

(iii)
Change in Ownership of a Substantial Portion of the
Company’s Assets. A change in the ownership of a substantial portion of the Company’s assets which occurs on the date
that any Person acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such
person or persons) assets from the Company that have a total gross fair market value equal to or more than 50% of the total gross fair
market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For purposes of this subsection
(iii), gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined
without regard to any liabilities associated with such assets.

 

    	 

     

    

 

For
purposes of this Section 1(h), persons will be considered to be acting as a group if they are owners of a corporation that enters into
a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company.

 

Notwithstanding
the foregoing, a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within
the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations
and Internal Revenue Service guidance that has been promulgated or may be promulgated thereunder from time to time.

 

Further
and for the avoidance of doubt, a transaction will not constitute a Change in Control if: (i) its sole purpose is to change the jurisdiction
of the Company’s incorporation, or (ii) its sole purpose is to create a holding company that will be owned in substantially the
same proportions by the persons who held the Company’s securities immediately before such transaction.

 

2.
Restrictive Legends and Stop-Transfer Orders.

 

(a)
Legends. Holder understands and agrees that the
Company shall cause the legends set forth below or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing
ownership of the Shares together with any other legends that may be required by the Company or by state or federal securities laws:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) AND MAY NOT BE OFFERED,
SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR, IN THE OPINION OF COUNSEL SATISFACTORY
TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION IS IN COMPLIANCE THEREWITH.

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AND A RIGHT OF FIRST REFUSAL HELD BY THE ISSUER
OR ITS ASSIGNEE(S) AS SET FORTH IN THE LETTER AGREEMENT BETWEEN THE ISSUER AND THE HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED
AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH TRANSFER RESTRICTIONS AND RIGHT OF FIRST REFUSAL ARE BINDING ON TRANSFEREES OF THESE SHARES.

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER FOR A PERIOD OF TIME FOLLOWING THE EFFECTIVE DATE OF THE
UNDERWRITTEN PUBLIC OFFERING OF THE COMPANY’S SECURITIES SET FORTH IN AN AGREEMENT BETWEEN THE ISSUER AND THE HOLDER OF THESE SHARES
AND MAY NOT BE SOLD OR OTHERWISE DISPOSED OF BY THE HOLDER PRIOR TO THE EXPIRATION OF SUCH PERIOD WITHOUT THE CONSENT OF THE COMPANY
OR THE MANAGING UNDERWRITER.

 

    	 

     

    

 

(b)
Stop-Transfer Notices. Holder agrees that, in
order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions
to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect
in its own records.

 

(c)
Refusal to Transfer. The Company shall not be
required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of
this letter agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other
transferee to whom such Shares shall have been so transferred.

 

3.
Successors and Assigns. The Company may assign
any of its rights under this letter agreement to single or multiple assignees, and this letter agreement shall inure to the benefit of
the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth, this letter agreement shall be binding
upon Holder and his or her heirs, executors, administrators, successors and assigns.

 

4.
Governing Law; Severability. This letter agreement
is governed by the internal substantive laws, but not the choice of law rules, of California. In the event that any provision hereof
becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this letter agreement shall continue
in full force and effect.

 

	 	 	 	The
    Glimpse Group
	 	 	 	 	 
	 	 	 	By:	 /s/ Maydan
    Rothblum 
	 	 	 	Name:  	Maydan
    Rothblum
	 	 	 	Title:	CFO
    & COO
	 	 	 	 	 
	Acknowledged
    and agreed:	 	 	 
	 	 	 	 
	Membit
    Inc.	 	 	 
	 	 	 	 
	By: 	 /s/ Jay
    Van Buren 	 	 	 
	 	Jay
    Van Buren	 	 	 
	 	Chief
    Executive OfficerExhibit
10.14

 

LIMITED
LIABILITY COMPANY AGREEMENT OF

IMMERSIVE
HEALTH GROUP, LLC

 

This
Limited Liability Company Agreement (“Agreement”) of Immersive Health Group, LLC (the “Company”),
effective as of October 13, 2017 (the “Effective Date”), is entered into by The Glimpse Group, Inc., as the sole member
of the Company (the “Member”).

 

WHEREAS,
the Company was formed as a limited liability company on October 10, 2017 pursuant to Chapter 86 of the Nevada Revised Statutes, as amended
from time to time (the “Act”), by the filing of Articles of Organization of the Company with the office of the Secretary
of State of Nevada; and

 

WHEREAS,
the Member agrees that the membership in and management of the Company shall be governed by the terms set forth herein and the Act and
to the extent this Agreement is inconsistent in any respect with the Act, this Agreement shall control.

 

NOW,
THEREFORE, the Member agrees as follows:

 

1.
Name. The name of the Company is Immersive Health Group, LLC.

 

2.
Purpose. The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed
under the Act and to engage in any and all activities necessary or incidental thereto, including to provide virtual and augmented reality
experiences and solutions for the health and wellness industry.

 

3.
Principal Office; Registered Agent.

 

(a)
Principal Office. The location of the principal
office of the Company shall be 800 Third Avenue, Suite 1701, New York, New York 10022, or such other location as the Member may from
time to time designate.

 

(b)
Registered Agent. The agent for service of process
in Nevada as of the Effective Date of this Agreement is Corporate Creations Network Inc.

 

4.
Members.

 

(a)
Initial Member. The Member owns 100% of the membership
interests in the Company. The name and the business, residence or mailing address of the Member are as follows:

  

	Name	 	Address
	The
    Glimpse Group, Inc.	 	800
    Third Avenue, Suite 1701, New York, NY 10022

 

(b)
Additional Members. One or more additional members
may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company,
the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have
such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

 

    	 

     

    

 

(c)
Membership Interests; Certificates. The Company
will not issue any certificates to evidence ownership of the membership interests.

 

5.
Management.

 

(a)
Authority; Powers and Duties of the Member. The
Member shall have exclusive and complete authority and discretion to manage the operations and affairs of the Company and to make all
decisions regarding the business of the Company. Any action taken by the Member shall constitute the act of and serve to bind the Company.
Persons dealing with the Company are entitled to rely conclusively on the power and authority of the Member as set forth in this Agreement.
The Member shall have all rights and powers of a manager under the Act, and shall have such authority, rights and powers in the management
of the Company to do any and all other acts and things necessary, proper, convenient or advisable to effectuate the purposes of this
Agreement.

 

(b)
Election of Officers; Delegation of Authority.
The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name
of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an “Officer”).
Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member. Any action taken by an Officer
designated by the Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons
dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and
any instrument designating such officer and the authority delegated to him or her.

 

6.
Liability of Member; Indemnification.

 

(a)
Limited Liability of Member. Except as otherwise
required by any non- waivable provision of the Act or other applicable law, the debts, obligations, and liabilities of the Company, whether
arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Member shall not
be obligated for any such debt, obligation or liability of the Company solely by reason of being the Member or participating in the management
of the Company.

 

(b) Indemnification.
To the fullest extent permitted under the Act, the Member and officers (irrespective of the capacity in which it acts) shall be
entitled to indemnification and advancement of expenses from the Company for and against any loss, damage, claim or expense
(including attorneys’ fees) whatsoever incurred by the Member or officers relating to or arising out of any act or omission or
alleged acts or omissions (whether or not constituting negligence or gross negligence) performed or omitted by the Member or the
officers on behalf of the Company; provided, however, that any indemnity under this Section 6(b) shall be provided out of and to the
extent of Company assets only, and neither the Member, officers nor any other person shall have any personal liability on account
thereof.

 

    	2

     

    

 

7.
Term. The Company commenced on the date the Articles of Organization were properly filed with the Secretary of State of the State
of Nevada and shall exist in perpetuity unless the Company is dissolved and terminated in accordance with Section 13.

 

8.
Other Activities. The Member, its agents, representatives and affiliates may engage or invest in, and devote their time to, any
other business venture or activity of any nature and description (independently or with others), whether or not such other activity may
be deemed or construed to be in competition with the Company. The Company shall not have any right by virtue of this Agreement or the
relationship created hereby in or to such other venture or activity (or to the income or proceeds derived therefrom), and the pursuit
thereof, even if competitive with the business of the Company, shall not be deemed wrongful or improper.

 

9.
Standards of Conduct. Whenever the Member is required or permitted to make a decision, take or approve an action, or omit to do
any of the foregoing, then the Member shall be entitled to consider only such interests and factors, including its own, as it desires,
and shall have no duty or obligation to consider any other interests or factors whatsoever. To the extent that the Member has, at law
or in equity, duties (including, without limitation, fiduciary duties) to the Company or other person bound by the terms of this Agreement,
the Member acting in accordance with the Agreement shall not be liable to the Company or any such other person for its good faith reliance
on the provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict the duties of the Member otherwise
existing at law or in equity, replace such other duties to the greatest extent permitted under applicable law.

 

10.
Initial Capital Contributions. The Member hereby agrees to contribute to the Company such cash, property or services as determined
by the Member.

 

11.
Tax Status; Income and Deductions.

 

(a)
Tax Status. As long as the Company has only one
member, it is the intention of the Company and the Member that the Company be treated as a disregarded entity for federal and all relevant
state tax purposes and neither the Company nor the Member shall take any action or make any election which is inconsistent with such
tax treatment. All provisions of this Agreement are to be construed so as to preserve the Company’s tax status as a disregarded
entity.

 

(b)
Income and Deductions. All items of income, gain,
loss, deduction and credit of the Company (including, without limitation, items not subject to federal or state income tax) shall be
treated for federal and all relevant state income tax purposes as items of income, gain, loss, deduction and credit of the Member.

 

12.
Distributions. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

 

    	3

     

    

 

13.
Dissolution; Liquidation.

 

(a) The
Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (i) the written consent of the
Member or (ii) any other event or circumstance giving rise to the dissolution of the Company under Chapter 86.491 of the Act, unless
the Company’s existence is continued pursuant to the Act.

 

(b)
Upon dissolution of the Company, the Company shall immediately
commence to wind up its affairs and the Member shall promptly liquidate the business of the Company. During the period of the winding
up of the affairs of the Company, the rights and obligations of the Member under this Agreement shall continue.

 

(c)
In the event of dissolution, the Company shall conduct
only such activities as are necessary to wind up its affairs (including the sale of the assets of the Company in an orderly manner),
and the assets of the Company shall be applied as follows: (i) first, to creditors, to the extent otherwise permitted by law, in satisfaction
of liabilities of the Company (whether by payment or the making of reasonable provision for payment thereof); and (ii) thereafter, to
the Member.

 

(d)
Upon the completion of the winding up of the Company,
the Member shall file Articles of Dissolution in accordance with the Act.

 

14.
Miscellaneous.

 

(a)
Amendments. Amendments to this Agreement may
be made only with the consent of the Member.

 

(b)
Governing Law. This Agreement shall be governed
by the laws of the State of Nevada.

 

(c)
Severability. In the event that any provision
of this Agreement shall be declared to be invalid, illegal or unenforceable, such provision shall survive to the extent it is not so
declared, and the validity, legality and enforceability of the other provisions hereof shall not in any way be affected or impaired thereby,
unless such action would substantially impair the benefits to any party of the remaining provisions of this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	4

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Agreement to be effective as of the date first above written.

 

	 	THE
    GLIMPSE GROUP, INC.
	 	 	 
	 	By:
    	 /s/ Lyron
    Bentovim 
	 	Name: 	Lyron
    Bentovim
	 	Title:	President
    & CEO

 

    	5

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