Document:

Exhibit 10.3

 

FORM OF INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management Trust Agreement
(this “Agreement”) is made effective as of [_], 2021 by and between Hawks Acquisition Corp, a Delaware corporation
(the “Company”), and Continental Stock Transfer & Trust Company, a New York limited purpose trust company
(the “Trustee”).

 

WHEREAS, the Company’s registration statement
on Form S-1, File No. 333-258264 (the “Registration Statement”) and prospectus (the “Prospectus”)
for the initial public offering of the Company’s units (the “Units”), each of which consists of one share of
the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable
Public Warrant (as defined in the Underwriting Agreement as defined below), each whole Public Warrant entitling the holder thereof to
purchase one share of Common Stock (such initial public offering hereinafter referred to as the “Offering”), has been
declared effective as of the date hereof by the U.S. Securities and Exchange Commission; and

 

WHEREAS, the Company has entered into an Underwriting
Agreement (the “Underwriting Agreement”) with [Representative] (the “Representative”) of
the several underwriters named therein (the “Underwriters”); and

 

WHEREAS, as described in the Registration
Statement, an aggregate of $200,000,000 from the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined
in the Underwriting Agreement) (or $230,000,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered
to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust
Account”) for the benefit of the Company and the holders of the Common Stock included in the Units issued in the Offering
as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to
herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will
be referred to as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to
together as the “Beneficiaries”); and

 

WHEREAS, pursuant to the Underwriting Agreement,
a portion of the Property equal to $[_], or $[_] if the Underwriters’ over-allotment option is exercised in full, is attributable
to deferred underwriting discounts and commissions that will be payable by the Company to the Underwriters upon and concurrently
with the consummation of the Business Combination (as defined below) (the “Deferred Discount”); and

 

WHEREAS, the Company and the Trustee desire
to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

 

     

     

    

 

NOW THEREFORE, IT IS AGREED:

 

1.                 
 Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)              Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established
by the Trustee in the United States at JPMorgan Chase Bank, N.A. (or at another U.S. – chartered commercial bank with consolidated
assets of $100 billion or more) and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

 

(b)              Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)              In
a timely manner, upon the written instruction of the Company, invest and reinvest the Property in solely United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185
days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7
promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S.
government treasury obligations, as determined by the Company; the Trustee may not invest in any other securities or assets, it
being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s
instructions hereunder; while the account funds are invested or uninvested the Trustee may earn bank credits or other
consideration;

 

(d)              Collect and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)              Promptly notify the Company and the Representative of all communications received by the Trustee with respect to any Property
requiring action by the Company;

 

(f)              Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in connection
with the Company’s preparation of the tax returns relating to assets held in the Trust Account or in connection with the
preparation or completion of the audit of the Company’s financial statements by the Company’s auditors;

 

(g)              Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as
and when instructed by the Company to do so;

 

(h)              Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all
receipts and disbursements of the Trust Account;

 

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(i)                Commence liquidation of the Trust Account only after and promptly after
(x) receipt of, and only in accordance with, the terms of a letter from the Company (“Termination Letter”) in
a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf
of the Company by its Chief Executive Officer, President, Chief Financial Officer, Secretary or Chairman of the board of directors of
the Company (the “Board”) or other authorized officer of the Company and, in the case of Exhibit A, acknowledged
and agreed to by the Representative and complete the liquidation of the Trust Account and distribute the Property in the Trust Account,
including interest earned on the funds held in the Trust Account (net of amounts withdrawn in accordance with this Agreement and less
up to $100,000 of interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter
and the other documents referred to therein, or (y) upon the date which is the later of (i) 18 months after the closing of the
Offering, (ii) such later date as provided by Section 9.1(c) of the Company’s amended and restated certificate of incorporation
(as further amended, supplemented or otherwise modified from time to time, the “Certificate of Incorporation”), and
(iii) such later date as may be approved by the Company’s stockholders in accordance with the Certificate of Incorporation, if a
Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance
with the procedures set forth in the Termination Letter attached hereto as Exhibit B and the Property in the Trust Account,
including interest earned on the funds held in the Trust Account (net of amounts withdrawn in accordance with this Agreement and less
up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Stockholders
of record as of such date;

 

(j)                
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached
hereto as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and
distribute to the Company the amount of interest earned on the Property requested by the Company to cover any tax obligation owed
by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered
directly to the Company, the Company shall forward such amount to the relevant taxing authority; provided, however,
that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such
assets held in the Trust Account as shall be designated by the Company in writing to make such distribution, so long as there is
no reduction in the principal amount per share initially deposited in the Trust account; provided, further, that
if the tax to be paid is a franchise tax, the written request by the Company to make such distribution shall be accompanied by
a copy of the franchise tax bill from the relevant taxing authority for the Company. The written request of the Company referenced
above shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility
to look beyond said request;

 

(k)               [Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached
hereto as Exhibit D (a “Working Capital Withdrawal Instruction”), withdraw from the Trust Account
and distribute to the Company the amount of interest earned on the Property requested by the Company to fund working capital
compliance requirements (a “Working Capital Withdrawal”), which amount shall be delivered directly to the
Company; provided, however, that to the extent there is not sufficient cash in the Trust Account to fund such
Working Capital Withdrawal, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the
Company in writing to make such distribution, so long as there is no reduction in the principal amount initially deposited in
the Trust account. The written request of the Company referenced above shall constitute presumptive evidence that the
Company is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request; provided,
further, that Working Capital Withdrawal shall not exceed $[●] per annum;] / [Reserved]

 

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(l)                
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached
hereto as Exhibit [E] (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute
to the Public Stockholders on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock
from Public Stockholders properly submitted in connection with a stockholder vote to approve an amendment to the Company’s
amended and restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to
redeem 100% of its public shares of Common Stock if the Company has not consummated an initial Business Combination within such
time as is described in the Company’s amended and restated Certificate of Incorporation or with respect to any other material
provisions relating to stockholders’ rights or pre-initial Business Combination activity. The written request of the Company
referenced above shall constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee shall
have no responsibility to look beyond said request; and

 

(m)              
Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j),
(k) or (l) above.

 

2.                 
Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)              Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, President,
Chief Executive Officer, Chief Financial Officer or Secretary. In addition, except with respect to its duties under Sections 1(i),
1(j), 1(k) and 1(l) hereof, the Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic
advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the persons authorized
above to give written instructions, provided that the Company shall promptly confirm such instructions in writing;

 

(b)              Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all reasonable
and documented out-of-pocket expenses, including reasonable outside counsel fees and disbursements, or losses suffered by the
Trustee in connection with any action taken by it hereunder and in connection with any action, suit or other proceeding
brought against the Trustee involving any claim, or in connection with any claim or demand, which arises out of or relates to
this Agreement, the services of the Trustee hereunder, or the Property or any interest earned on the Property, except for
expenses and losses resulting from the Trustee’s, or its representatives’, gross negligence, fraud or willful
misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or
proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b), it shall
notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The
Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that the
Trustee shall obtain the consent of the Company with respect to the selection of counsel; provided, further
that the Company may conduct and manage the defense against any Indemnified Claim if the Trustee does not promptly take
reasonable steps to mount such a defense. The Trustee may not agree to settle any Indemnified Claim without the prior written
consent of the Company. The Company may participate in any such action with its own counsel;

 

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(c)              Pay
the Trustee the fees set forth on Schedule A hereto, including an initial set-up fee, annual administration fee, and
transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood
that the Property shall not be used to pay such fees unless and until the property is distributed to the Company pursuant to Sections 1(i)
hereof. The Company shall pay the Trustee the initial set-up fee and the first annual administration fee at the consummation of the
Offering. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 2(c), Schedule A
and as may be provided in Section 2(b) hereof;

 

(d)              In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting
verifying the vote of such stockholders regarding such Business Combination;

 

(e)              Provide the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the
Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)              Unless otherwise agreed between the Company and the Representative, ensure that any Instruction Letter delivered in connection
with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly to
the accounts as directed by the Representative prior to any transfer of the funds held in the Trust Account to the Company or any
other person;

 

(g)              Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing
the Trustee to make any distributions that are not permitted under this Agreement; and

 

(h)              Within four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion
thereof) or such over-allotment expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount,
which shall in no event be less than $[●], or $[●] if the Underwriters’ overallotment option is exercised in
full.

 

    5 

     

    

 

3.                 
 Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)              Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other
than this Agreement and that which is expressly set forth herein;

 

(b)              Take any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall
have no liability to any third party except for liability arising out of the Trustee’s, or its representatives’, gross
negligence, fraud, or willful misconduct;

 

(c)              Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend
any proceeding of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company
given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any reasonably
incurred expenses incident thereto;

 

(d)              Refund any depreciation in principal of any Property;

 

(e)              Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing
unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority
to the Trustee;

 

(f)              The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken
or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s, or its representatives’,
gross negligence, fraud, or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order,
notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s
counsel), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness
of its provisions, but also as to the truth and acceptability of any information therein contained) which the Trustee believes,
in good faith and with reasonable care, to be genuine and to be signed or presented by the proper person or persons. The Trustee
shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of
the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed by the proper party or parties and,
if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto;

 

(g)              Verify the accuracy of the information contained in the Registration Statement;

 

(h)              Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company
is as contemplated by the Registration Statement;

 

    6 

     

    

 

(i)               File information returns with respect to the Trust Account with any local, state or federal taxing authority or provide
periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income
earned on the Property;

 

(j)              Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated
by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company,
including, but not limited to, franchise and income tax obligations, except pursuant to Section 1(j) hereof; or

 

(k)              Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i),
1(j), 1(k) and 1(l) hereof.

 

4.                 
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including,
without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely
against the Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account.

 

5.                 
Termination and Replacement of Trustee. This Agreement shall terminate as follows:

 

(a)              If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use
its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement.
At such time that the Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject
to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including
but not limited to the transfer of copies of the reports and statements relating to the Trust Account and any other reasonable
transfer requests that the Company may make, whereupon this Agreement shall terminate; provided, however, that in
the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation notice from
the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York
or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be
immune from any liability whatsoever; or

 

(b)              At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with
the provisions of Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination
Letter, this Agreement shall terminate except with respect to Section 2(b).

 

(c)              If
the Offering is not consummated within ten (10) business days of the date of this Agreement, in which case any funds received
by the Trustee from the Company or Sponsor, as applicable, shall be returned promptly following the receipt by the Trustee of
written instructions from the Company.

 

    7 

     

    

 

6.                 
Miscellaneous.

 

(a)              The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect
to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information
relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason
to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel.
In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names,
account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank.
Except for any liability arising out of the Trustee’s, or its representatives’, gross negligence, fraud, or willful
misconduct, the Trustee shall not be liable for any loss, liability or out-of-pocket expense resulting from any error in the information
or transmission of the funds.

 

(b)              This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York,
without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction.
This Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and
together shall constitute but one instrument.

 

(c)              This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter
hereof. This Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical
error) by a writing signed by each of the parties hereto.

 

(d)              Sections 1(i)
and 1(j) hereof may only be changed, amended or modified pursuant to Section 6(c) hereof with the Consent
of the Stockholders, it being the specific intention of the parties hereto that each of the Company’s stockholders is,
and shall be, a third party beneficiary of this Section 6(d) with the same right and power to enforce this Section 6(d) as
the other parties hereto. For purposes of this Section 6(d), the “Consent of the Stockholders”
means receipt by the Trustee of a certificate from the inspector of elections of the stockholder meeting certifying that
either (i) the Company’s stockholders of record as of a record date established in accordance with
Section 213(a) of the Delaware General Corporation Law, as amended (“DGCL”) (or any successor rule),
who hold sixty-five percent (65%) or more of all then outstanding shares of the Common Stock and Class B common stock, par
value $0.0001 per share, of the Company voting together as a single class, have voted in favor of such change, amendment or
modification, or (ii) the Company’s stockholders of record as of the record date who hold sixty-five percent (65%)
or more of all then outstanding shares of the Common Stock and Class B common stock, par value $0.0001 per share, of the
Company voting together as a single class, have delivered to such entity a signed writing approving such change, amendment or
modification. No such amendment will affect any Public Stockholder who has otherwise indicated his election to redeem his
share of Common Stock in connection with a stockholder vote sought to amend the Certificate of Incorporation. Except for any
liability arising out of the Trustee’s, or its representatives’, gross negligence, fraud, or willful misconduct,
the Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved
of all liability to any party for executing the proposed amendment in reliance thereon.

 

    8 

     

    

 

(e)              The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York,
County of New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM
OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

(f)              Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be
in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or by facsimile or email transmission:

 

if to the Trustee, to:

 

Continental Stock Transfer &
Trust Company

1 State Street

30th Floor

New York, New York 10004

 

Attn: Francis Wolf and Celeste Gonzalez

Email: fwolf@continentalstock.com

cgonzalez@continentalstock.com

 

if to the Company, to:

Hawks Acquisition Corp

600 Lexington Avenue, 9th Floor

New York, NY 10022

 

Attn: J. Carney Hawks

Email: [carneyhawks@outlook.com]

 

in each case, with copies to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019

Attn: Brian M. Janson, Esq.

Email: bjanson@paulweiss.com

Fax No.: (212) 492-0588

 

    9 

     

    

 

and

[Representative]

[Address]

Attn: [Name]

 

in each case, with copies to:

 

Latham & Watkins LLP

811 Main Street, Suite 3700

Houston, TX 77002

Attn.: Ryan J. Maierson, Esq.

Email: ryan.maierson@lw.com

 

(g)              Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized
to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and
agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled
to any funds in the Trust Account under any circumstance.

 

(h)               Each of the Company and the Trustee hereby acknowledges and agrees that the Representative, on behalf of the Underwriters,
is a third party beneficiary of this Agreement.

 

(i)               The Trustee shall perform its duties under this Agreement in compliance with all applicable laws[, including those relating
to privacy, data protection and information security,] shall keep confidential all information [(including personally identifiable
information and personal data)] relating to this Agreement and, except as required by applicable law, shall not use such information
for any purpose other than the performance of the Trustee’s obligations under this Agreement.

 

(j)              Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any
other person or entity without the written consent of the other party.

 

(k)              This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same Agreement. Only one counterpart signed by the party against whom enforceability
is sought needs to be produced to evidence the existence of this Agreement.

 

[Signature Page Follows]

 

    10 

     

    

 

IN WITNESS WHEREOF, the parties have
duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	Continental Stock Transfer & Trust Company, as Trustee

 

	 	By:	 
	 	 	Name:	 Francis Wolf
	 	 	Title:	Vice President

 

	 	Hawks Acquisition Corp

 

	 	By:	 
	 	 	Name:	 J. Carney Hawks
	 	 	Title:	Chief Executive Officer

 

[Signature Page
to Investment Management Trust Agreement]

 

     

     

    

 

SCHEDULE A

 

	Fee Item	Time and method of payment	Amount
	Initial set-up fee.	Initial closing of Offering by wire transfer.	$       3,500.00
	Trustee administration fee	Payable annually. First year fee payable at initial closing of Offering by wire transfer; thereafter, payable by wire transfer or check.	$       10,000.00
	Transaction processing fee for disbursements to Company under Sections 1(i), 1(j), 1(k) and 1(l)	 Billed to Company following disbursement made to Company under Section 1	$       250.00
	Paying Agent services as required pursuant to Sections 1(i) and 1(l)	Billed to Company upon delivery of service pursuant to Sections 1(i) and 1(l)	Prevailing rates

 

    Sch. A-1 

     

    

 

EXHIBIT A

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the
Investment Management Trust Agreement between Hawks Acquisition Corp (the “Company”) and Continental Stock Transfer
 & Trust Company (the “Trustee”), dated as of [_], 20[_] (the “Trust Agreement”), this
is to advise you that the Company has entered into an agreement with [Target] (the “Target Business”) to consummate
a business combination with Target Business (the “Business Combination”) on or about [Date]. The Company shall
notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination (the “Consummation
Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with the
terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account, and to
transfer the proceeds into the trust operating account at J.P. Morgan Chase Bank, N.A. to the effect that, on the Consummation Date,
all of the funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company
shall direct on the Consummation Date (including as directed to it by the Representative) (with respect to the Deferred Discount).
It is acknowledged and agreed that while the funds are on deposit in the trust operating account at J.P. Morgan Chase Bank,
N.A., awaiting distribution, the Company will not earn any interest or dividends.

 

On the Consummation Date
(i) counsel for the Company shall deliver to you written notification that the Business Combination has been
consummated, or will be consummated substantially concurrently with your transfer of funds to the accounts as directed by the
Company (the “Notification”) and (ii) the Company shall deliver to you (a) [a
certificate] of the Chief Executive Officer of the Company, which verifies that the Business Combination has been approved by
a vote of the Company’s stockholders, if a vote is held and (b) a joint written instruction signed by the Company
and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed
to public stockholders who have properly exercised their redemptions rights and payment of amounts of the Deferred Discount
to the underwriter from the Trust Account directly to the account or accounts directed by the Representative (the
 “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust
Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the
Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation
Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such
funds should remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution
of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust
Account, your obligations under the Trust Agreement shall be terminated.

 

     Ex. A-1 

     

    

 

In the event that the Business Combination
is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original
Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds
held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately
following the Consummation Date as set forth in such written instructions as soon thereafter as possible.

 

	 	Very truly yours,

 

	 	Hawks Acquisition Corp

 

	 	By:	 
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer

 

	Acknowledged:	 

 

	[Representative]	 

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

     Ex. A-2 

     

    

 

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust Account - Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of the
Investment Management Trust Agreement between Hawks Acquisition Corp (the “Company”) and Continental Stock Transfer
 & Trust Company (the “Trustee”), dated as of [_], 20[_] (the “Trust Agreement”), this
is to advise you that the Company has been unable to effect a Business Combination with a Target Business within the time frame
specified in the Company’s amended and restated Certificate of Incorporation, as described in the Company’s Prospectus
relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with the terms of the Trust
Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to transfer the total proceeds into
a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Stockholders. The Company has
selected [insert completion deadline] as the effective date for the purpose of determining when the Public Stockholders will be
entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity
as Paying Agent, agree to distribute said funds directly to the Public Stockholders in accordance with the terms of the Trust Agreement
and the amended and restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments
necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement
shall be terminated, except to the extent otherwise provided in Section 1(i) of the Trust Agreement.

 

	 	Very truly yours,

 

	 	Hawks Acquisition Corp

 

	 	By:	 
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer

 

		cc:	[Representative]

 

     Ex. B-1 

     

    

 

EXHIBIT C

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust Account - Tax Payment Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j) of the
Investment Management Trust Agreement between Hawks Acquisition Corp (the “Company”) and Continental Stock Transfer
 & Trust Company the “Trustee”), dated as of [_], 20[_] (the “Trust Agreement”), the Company
hereby requests that you deliver to the Company $___________ of the interest income earned on the Property as of the date hereof.
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay for the
tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement,
you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to
the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,

 

	 	Hawks Acquisition Corp

 

	 	By:	 
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer

 

		cc:	[Representative] 

 

    Ex. C-1

     

    

 

[EXHIBIT D

 

[Letterhead of Company] 

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust Account - Working Capital Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(k) of
the Investment Management Trust Agreement between Hawks Acquisition Corp (the “Company”) and Continental Stock
Transfer & Trust Company (the “Trustee”), dated as of [_], 20[_] (the “Trust Agreement”),
the Company hereby requests that you deliver to the Company $___________ of the interest income earned on the Property as of the
date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to fund its working
capital requirements. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via
wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,

 

	 	Hawks Acquisition Corp

 

	 	By:	 
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer

 

		cc:	[Representative]

 

     Ex. D-1 

     

    

 

EXHIBIT E

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf & Celeste Gonzalez

 

		Re:	Trust Account - Stockholder Redemption Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(l) of the
Investment Management Trust Agreement between Hawks Acquisition Corp (the “Company”) and Continental Stock Transfer
 & Trust Company (the “Trustee”), dated as of [_], 20[_] (the “Trust Agreement”), the
Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $__________ of the principal and interest
income earned on the Property as of the date hereof into a segregated account held by you on behalf of the Beneficiaries for distribution
to the Stockholders who have requested redemption of their shares. Capitalized terms used but not defined herein shall have the
meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay its Public
Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a stockholder
vote to approve an amendment to the Company’s amended and restated Certificate of Incorporation. As such, you are hereby
directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter.

 

	 	Very truly yours,
	 	 
	 	Hawks Acquisition Corp

 

		By:	 
	 	 	Name: J. Carney Hawks
	 	 	Title: Chief Executive Officer

 

		cc:	[Representative]

 

     Ex. E-1Exhibit 4.1

 

NEITHER THIS WARRANT, NOR THE SECURITIES ISSUABLE
UPON EXERCISE HEREOF, HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT OF 1933"), OR QUALIFIED
UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968 OR OTHER APPLICABLE SECURITIES LAWS ("STATE SECURITIES LAWS"), AND THIS
WARRANT HAS BEEN, AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF, WILL BE, ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR FOR RESALE
IN CONNECTION WITH, ANY DISTRIBUTION THEREOF. NO SUCH SALE OR OTHER DISPOSITION MAY BE MADE WITHOUT AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 AND QUALIFICATION UNDER STATE SECURITIES LAWS RELATED THERETO OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY
TO THE COMPANY (AS THAT TERM IS DEFINED BELOW) AND ITS COUNSEL, THAT SAID REGISTRATION AND QUALIFICATION ARE NOT REQUIRED UNDER THE SECURITIES
ACT OF 1933 AND STATE SECURITIES LAWS, RESPECTIVELY, OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933.

 

LOOP MEDIA, INC.

 

COMMON STOCK WARRANT

 

Aggregate Exercise Price: $ [  ]

Aggregate Exercisable Warrant Shares: [  ]

 

Issue Date: [  ]

Warrant Number: CSW- 21-[  ]

 

This certifies that Sake TN LLC ("Investor"),
or any party to whom this Common Stock Warrant (this "Warrant") is assigned in compliance with the terms hereof (Investor
and any such assignee being hereinafter sometimes referenced as "Holder"), is entitled to subscribe for and purchase
the number of shares of fully paid and nonassessable Warrant Stock (as such term is described below) of Loop Media, Inc., a Nevada
corporation (the "Company"), that has an aggregate purchase price equal to the Aggregate Exercise Price (as defined below).
The purchase price of each such share of Warrant Stock shall be equal to the Warrant Exercise Price (as defined below). This Warrant may
be exercised during the period commencing upon the date first written above and ending on [  ], 2024.

 

     

     

    

 

ARTICLE I

DEFINITIONS

 

		1.1	"Aggregate Exercise Price" means $[  ].

 

1.2            "Change
of Control" means the consummation of: (a) a sale, transfer, exclusive license or other disposition, in one transaction
or a series of related transactions, of all or substantially all of the Company's and its subsidiaries' assets, taken as a whole (except
where such sale, transfer, license or other disposition is to a wholly-owned subsidiary of the Company); (b) the merger or consolidation
of the Company with or into another entity, except any merger or consolidation in which the holders of capital stock of the Company immediately
prior to such merger or consolidation continue to hold a majority of the voting power of the capital stock of the Company or the surviving
or acquiring entity, (or, if the surviving or acquiring entity is a wholly owned subsidiary of another party immediately following such
merger or consolidation, the parent entity of such surviving or acquiring entity); (c) the transfer (whether by merger, consolidation
or otherwise), in one transaction or a series of related transactions, to a person or group of affiliated persons (other than an underwriter
of the Company's securities), of the Company's securities if, after such consummation, such person or group of affiliated persons would
hold 50% or more of the outstanding voting stock of the Company's (or the surviving or acquiring entity, or the parent entity of such
surviving or acquiring entity); or (d) a liquidation, voluntary or involuntary dissolution or winding up of the Company.

 

1.3            "Holder"
shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.4            "Investor"
shall have the meaning set forth in the introductory paragraph of this Warrant.

 

1.5            "Other
Stock" means the securities of the Company into which Warrant Stock may be converted pursuant to the terms of Warrant Stock,
which may include but not be limited to another class or series of common stock of the Company, but only if the terms of the Warrant Stock
provide for such conversion.

 

1.6            "Rights"
means any options, warrants, or rights to purchase common stock or convertible securities.

 

1.7            "Securities
Act" shall have the meaning set forth in the introductory paragraph of this Warrant.

 

		1.8	"Warrant Exercise Price" means $2.75.

 

		1.9	"Warrant Stock" means the Company's Common Stock.

 

     

     

    

 

ARTICLE II

EXERCISE AND PAYMENT

 

2.1            Cash
Exercise. The purchase rights represented by this Warrant may be exercised by Holder, in whole or in part, by the surrender of this
Warrant at the principal office of the Company, accompanied by the form of Notice of Cash Exercise attached hereto as Exhibit A-1,
and by the payment to the Company, by cash or by certified, cashier's or other check acceptable to the Company, of an amount equal to
the aggregate Warrant Exercise Price (rounded up to the nearest whole cent) of the shares being purchased. If the Warrant Stock issuable
under this Warrant has been automatically converted into Other Stock, this Warrant shall automatically convert into a right to purchase
Other Stock, and the Warrant Exercise Price shall be divided by the number of shares of Other Stock which were received upon conversion
of one share of such Warrant Stock at the time of such automatic conversion.

 

2.2            Automatic
Conversion. If Warrant Stock has been automatically converted to Other Stock pursuant to the terms and conditions of the Warrant Stock,
then this Warrant shall automatically convert into a right to purchase Other Stock and the number of shares of the Company's common stock
to which Holder shall be entitled to purchase shall be multiplied by that number of shares of Other Stock which were received upon conversion
of one share of such Warrant Stock at the time of such automatic conversion.

 

2.3            Stock
Certificates. In the event of any exercise of the rights represented by this Warrant, unless the Company's common stock is held in
book-entry only form, in which case the Company's transfer agent shall provide a statement of holdings, certificates for the shares of
Warrant Stock so purchased shall be delivered to Holder within a reasonable time and, unless this Warrant has been fully exercised or
has expired, a new Warrant representing the remaining unexercised portion hereof shall also be issued to Holder at such time. Notwithstanding
the date of the delivery of the certificate(s) for such Warrant Stock, the person in whose name the certificate(s) for such
Warrant Stock are to be issued shall be deemed to have become a stockholder of record on the next succeeding day on which the transfer
books are open after the date of the appropriate Notice of Exercise is received by the Company.

 

2.4            Stock
Fully Paid; Reservation of Shares. The Company covenants and agrees that all Warrant Stock which may be issued upon the exercise of
the rights represented by this Warrant (any Other Stock receivable upon any conversion of Warrant Stock) will, upon issuance, be fully
paid and nonassessable and free from all taxes, liens and charges with respect to the issue thereof (excluding taxes based on the income
of Holder). The Company further covenants and agrees that during the period within which the rights represented by this Warrant may be
exercised, the Company will at all times use its best efforts to have authorized and reserved for issuance a sufficient number of shares
of its Warrant Stock or other securities as would be required upon the full exercise of the rights represented by this Warrant.

 

2.5            Fractional
Shares. No fractional share of Warrant Stock will be issued in connection with any exercise hereof; in lieu of a fractional share
upon complete exercise hereof, Holder may purchase a whole share by delivering payment equal to the appropriate portion of the then effective
Warrant Exercise Price.

 

     

     

    

 

ARTICLE III

CERTAIN ADJUSTMENTS OF NUMBER OF

SHARES PURCHASABLE AND WARRANT EXERCISE PRICE

 

The number and kind of securities
purchasable upon the exercise of this Warrant and the Warrant Exercise Price shall be subject to adjustment from time to time upon the
happening of certain events, as follows:

 

3.1            Reclassification,
Consolidation or Merger. In case of, after the Warrant Stock is determinable: (a) any reclassification or change of outstanding
securities issuable upon exercise of this Warrant; (b) any consolidation or merger of the Company with or into another corporation
(other than a merger with another corporation in which the Company is a continuing corporation and which does not result in any reclassification,
change or exchange of outstanding securities issuable upon exercise of this Warrant); or (c) any sale or transfer to another corporation
of all, or substantially all, of the assets of the Company, in each case which does not constitute a Change of Control, then, and in each
such event, the Company or such successor or purchasing corporation, as the case may be, shall execute a new Warrant of like form, tenor
and effect and which will provide that Holder shall have the right to exercise such new Warrant and purchase upon such exercise, in lieu
of each share of Warrant Stock theretofore issuable upon exercise of this Warrant, the kind and amount of securities, money and property
receivable upon such reclassification, change, consolidation, merger, sale or transfer by a holder of one share of Warrant Stock issuable
upon exercise of this Warrant had this Warrant been exercised immediately prior to such reclassification, change, consolidation, merger,
sale or transfer. Such new Warrant shall be as nearly equivalent in all substantive respects as practicable to this Warrant and the adjustments
provided in this Article III and the provisions of this Section 3.1, shall similarly apply to successive reclassifications,
changes, consolidations, mergers, sales and transfers.

 

3.2            Subdivision
or Combination of Shares. If the Company shall at any time while this Warrant remains outstanding and less than fully exercised: (a) divide
its Warrant Stock, the number of shares into which this Warrant shall be exercisable shall be proportionately increased and the Warrant
Exercise Price shall be proportionately reduced; or (b) shall combine shares of its Warrant Stock, the number of shares into which
this Warrant shall be exercisable shall be proportionately decreased and the Warrant Exercise Price shall be proportionately increased.

 

3.3            Adjustments
for Dividends in Stock or other Securities or Property. If while this Warrant, or any portion hereof, remains outstanding and less
than fully exercised Holders of the securities as to which purchase rights under this Warrant exist at the time shall have received, or,
on or after the record date fixed for the determination of eligible stockholders, shall have become entitled to receive, without payment
therefor, other or additional stock or other securities or property (other than cash) of the Company by way of dividend, then and in each
case, this Warrant shall represent the right to acquire, in addition to the number of shares of the security receivable upon exercise
of this Warrant, and without payment of any additional consideration therefor, the amount of such other or additional stock or other securities
or property (other than cash) of the Company which such holder would hold on the date of such exercise had it been the holder of record
of the security receivable upon exercise of this Warrant on the date hereof and had thereafter, during the period from the date hereof
to and including the date of such event, retained such shares and/or all such other additional stock during such period, giving effect
to all adjustments called for during such period by the provisions of this Section 3.3.

 

     

     

    

 

3.4            Time
of Adjustments to the Warrant Exercise Price. All adjustments to the Warrant Exercise Price and the number of shares purchasable hereunder,
unless otherwise specified herein, shall be effective as of the earlier of:

 

		(a)	the effective date of a division or combination of shares; and

 

(b)            the
record date of any action of holders of any class of the Company's equity taken for the purpose of entitling holders of Warrant Stock
to receive a distribution or dividend payable in securities of the Company, provided that such division, combination, distribution or
dividend actually occurs.

 

3.5            Notice
of Adjustments. In each case of an adjustment in the Warrant Exercise Price and the number of shares purchasable hereunder, the Company,
at its expense, shall cause the Chief Financial Officer of the Company to compute such adjustment and prepare a certificate setting forth
such adjustment and showing in detail the facts upon which such adjustment is based. The Company shall mail a copy of each such certificate
to Holder pursuant to Section 6.7 hereof.

 

3.6            Duration
of Adjusted Warrant Exercise Price. Following each adjustment of the Warrant Exercise Price, such adjusted Warrant Exercise Price
shall remain in effect until a further adjustment of the Warrant Exercise Price.

 

3.7            Adjustment
of Number of Shares. Upon each adjustment of the Warrant Exercise Price pursuant to this Article III, the number of shares of
Warrant Stock purchasable hereunder shall be adjusted to the nearest whole share, to the number obtained by dividing the Aggregate Exercise
Price by the Warrant Exercise Price as adjusted.

 

ARTICLE IV

TRANSFER, EXCHANGE AND LOSS

 

4.1            Transfers.
Subject to applicable law, this Warrant is transferable on the books of the Company at its principal office by the registered Holder
hereof upon surrender of this Warrant properly endorsed, subject to compliance with federal and state securities laws. The Company shall
issue and deliver to the transferee a new Warrant or Warrants representing the Warrants so transferred. Upon any partial transfer, the
Company will issue and deliver to Holder a new Warrant or Warrants with respect to the Warrants not so transferred, at Holder’s
cost and expense. Notwithstanding the foregoing, Holder shall not be entitled to transfer a number of shares or an interest in this Warrant
representing less than fifty percent (50%) of the Aggregate Exercise Price initially covered by this Warrant. Any transferee shall be
subject to the same restrictions on transfer with respect to this Warrant as the Investor.

 

4.2            Securities
Laws. If required by the Company, in connection with each issuance of shares of Warrant Stock upon exercise of this Warrant, Holder
will give: (a) assurances in writing, satisfactory to the Company, that such shares are being purchased solely for Holder's own account
and not as a nominee for any other party, for investment and not with a view to the distribution thereof in violation of applicable laws,
(b) sufficient information, in writing, to enable the Company to rely on exemptions from the registration or qualification requirements
of applicable laws, if available, with respect to such exercise, and (c) its cooperation to the Company in connection with such compliance.

 

     

     

    

 

4.3            Exchange.
This Warrant is exchangeable at the principal office of the Company for Warrants which represent, in the aggregate, Holder's rights
to purchase the number of shares of Warrant Stock at the Warrant Exercise Price, as set forth above, subject to adjustment from time
to time as set forth herein; each new Warrant to represent the right to purchase such portion thereof as Holder shall designate at
the time of such exchange. Each new Warrant shall be identical in form and content to this Warrant, except for appropriate changes
in the number of shares of Warrant Stock covered thereby and any other changes which are necessary in order to prevent the Warrant
exchange from changing the respective rights and obligations of the Company and Holder as they existed immediately prior to such
exchange.

 

4.4            Loss
or Mutilation. Upon receipt by the Company of evidence satisfactory to it of the ownership of, and the loss, theft, destruction or
mutilation of, this Warrant and (in the case of loss, theft, or destruction) of indemnity satisfactory to it, and (in the case of mutilation)
upon surrender and cancellation hereof, the Company will execute and deliver in lieu hereof a new Warrant.

 

ARTICLE V

HOLDER RIGHTS

 

5.1            No
Stockholder Rights Until Exercise. No Holder hereof, solely by virtue hereof, shall be entitled
to any rights as a shareholder of the Company. Holder shall have all rights of a stockholder with respect to securities purchased upon
exercise hereof as of the date set forth in Section 2.

 

ARTICLE VI

MISCELLANEOUS

 

6.1            Governmental
Approvals. The Company will from time to time take all action which may be necessary to obtain and keep effective any and all permits,
consents and approvals of governmental agencies and authorities and securities acts filings under federal and state laws, which may be
or become requisite in connection with the issuance, sale, and delivery of this Warrant, and the issuance, sale and delivery of the Warrant
Stock or other securities or property issuable or deliverable upon exercise of this Warrant.

 

6.2            Governing
Laws. This Warrant will be governed by and construed in accordance with the laws of the State of Nevada, excluding that body of laws
pertaining to conflict of laws. If any provision of this Warrant is determined by a court of law to be illegal or unenforceable, such
provision will be enforced to the maximum extent possible and the other provisions will remain effective and enforceable. If such clause
or provision cannot be so enforced, such provision shall be stricken from this Warrant, as applicable, and the remainder of this Warrant,
as applicable, shall be enforced as if such invalid, illegal or unenforceable clause or provision had (to the extent not enforceable)
never been contained in this Warrant, as applicable.

 

6.3            Binding
Upon Successors and Assigns. Subject to, and unless otherwise provided in, this Warrant, each and all of the covenants, terms, provisions,
and agreements contained herein shall be binding upon, and inure to the benefit of the permitted successors, executors, heirs, representatives,
administrators and assigns of the parties hereto.

 

     

     

    

 

6.4            Severability.
If any one or more provisions of this Warrant, or the application thereof, shall for any reason and to any extent be invalid or unenforceable,
the remainder of this Warrant and the application of such provisions to other persons or circumstances shall be interpreted so as best
to reasonably effect the intent of the parties hereto. The parties further agree to replace any such void or unenforceable provisions
of this Warrant with valid and enforceable provisions which will achieve, to the extent possible, the economic, business and other purposes
of the void or unenforceable provisions.

 

6.5            Amendments,
Waivers, Modifications. This Warrant may be amended only by a written agreement executed by each of the parties hereto. No amendment
of or waiver of, or modification of any obligation under this Warrant will be enforceable unless set forth in a writing signed by the
party against which enforcement is sought. Any amendment effected in accordance with this section will be binding upon all parties hereto
and each of their respective successors and assigns. The failure of any party to enforce any of the provisions hereof shall not be construed
to be a waiver of the right of such party thereafter to enforce such provision as to that or any other instance. No waiver granted under
this Warrant as to any one provision herein shall constitute a subsequent waiver of such provision or of any other provision herein or
therein, nor shall it constitute the waiver of any performance other than the actual performance specifically waived.

 

6.6            Attorneys'
Fees. Should suit be brought to enforce or interpret any part of this Warrant, the prevailing party shall be entitled to recover,
as an element of the costs of suit and not as damages, reasonable attorneys' fees to be fixed by the court (including without limitation,
costs, expenses and fees on any appeal). The prevailing party shall be the party entitled to recover its costs of suit, regardless of
whether such suit proceeds to final judgment. A party not entitled to recover its costs shall not be entitled to recover attorneys' fees.
No sum for attorneys' fees shall be counted in calculating the amount of a judgment for purposes of determining if a party is entitled
to recover costs or attorneys' fees.

 

6.7            Notices.
Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed sufficient upon delivery,
when delivered personally or by overnight courier or sent by e-mail or facsimile (upon customary confirmation of receipt), or forty- eight
(48) hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified
at such party's address or fax number as set forth in the Company's records.

 

6.8            No
Endorsement. Holder understands that no federal or state securities administrator has made any finding or determination relating to
the fairness of investment in the Company or purchase of the Warrant Stock hereunder and that no federal or state securities administrator
has recommended or endorsed the offering of securities by the Company hereunder.

 

6.9            Further
Assurances. The Company and Holder each agree to cooperate fully with the other and to execute such further instruments, documents
and agreements and to give such further written assurances, as may be reasonably requested by the other party to better evidence and reflect
the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Warrant.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

     

     

    

 

INVESTOR
ACKNOWLEDGES THAT IT HAS BEEN ADVISED TO CONSULT ITS OWN TAX ADVISOR WITH SPECIFIC REFERENCE TO ITS OWN TAX SITUATION AND THE POTENTIAL
EFFECT OF APPLICABLE LAWS AND REGULATIONS. THE COMPANY HAS NOT AND DOES NOT PROVIDE ANY ADVICE CONCERNING ANY OF THE POTENTIAL TAX CONSIDERATIONS
AND CONSEQUENCES RELATING TO THE ACQUISITION, OWNERSHIP OR DISPOSITION OF THIS WARRANT OR THE WARRANT STOCK. IN ADDITION, THE COMPANY
HAS NOT OBTAINED, NOR DOES IT INTEND TO OBTAIN, A RULING FROM THE IRS OR AN OPINION OF COUNSEL WITH RESPECT TO ANY TAX CONSEQUENCES OF
ACQUIRING, OWNING OR DISPOSING OF THIS WARRANT OR THE WARRANT STOCK.

 

THE COMPANY IS NOT RESPONSIBLE,
NOR DOES IT DIRECTLY OR INDIRECTLY ASSUME RESPONSIBILITY, FOR THE TAX OR LEGAL CONSEQUENCES OF THIS WARRANT OR THE TRANSACTION TO INVESTOR.
INVESTOR SHOULD CONSULT ITS OWN TAX AND LEGAL ADVISORS AS TO THE PARTICULAR TAX AND LEGAL CONSEQUENCES TO IT OF ACQUIRING, HOLDING OR
DISPOSING OF THIS WARRANT OR THE WARRANT STOCK, INCLUDING THE EFFECT AND APPLICABILITY OF FEDERAL, STATE AND LOCAL TAX LAWS.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Common Stock Warrant as of the date first set forth above.

 

	 	LOOP MEDIA, INC., a Nevada corporation
	 	 	 
	 	By: 	
	 	 	Jon Niermann, CEO
	 	 	 
	 	Accepted By Investor:
	 	 	 
	 	[Name]
	 	 	 
	 	By: 	
	 	Name:	 
	 	Title: 	 
	 	 	 
	 	Address:	 

 

     

     

    

 

Exhibit A-1

 

NOTICE OF EXERCISE OF COMMON STOCK WARRANT

BY CASH PAYMENT OF WARRANT EXERCISE PRICE

 

	 	[Date]	 	 
	Loop Media, Inc.	 	Aggregate Exercise Price
	 	 	
    of Warrant

    Before Exercise:
	
     

    $
	 

	Attention: Chief Executive Officer	 	 	 
	 	 	Aggregate Exercise Price	 
	 	 	Being Exercised:	$	 
	 	 	 	 	 
	 	 	Warrant Exercise Price:	$	 
	 	 	per share	 
	 	 	 	 
	 	 	Number of Shares of	 
	 	 	Warrant Stock to be	 
	 	 	
    Issued

    Under this Notice:
	
     

     

	 	 	 	 
	 	 	Remainder Aggregate	 
	 	 	Price (if any)	 
	 	 	After Issuance:	$	 

 

CASH EXERCISE

 

Ladies and Gentlemen:

 

The
undersigned registered Holder of the Common Stock Warrant delivered herewith ("Warrant"), hereby irrevocably
exercises such Warrant for, and purchases thereunder, shares of the Warrant Stock of Loop Media, Inc., a Nevada corporation, as
provided below. Capitalized terms used herein, unless otherwise defined herein, shall have the meanings given in the Warrant. The
portion of the Aggregate Exercise Price (as defined in the Warrant) to be applied toward the purchase of Warrant Stock pursuant to
this Notice of Exercise is $        , thereby
leaving a remainder Aggregate Exercise Price (if any) equal to $         .
Such exercise shall be pursuant to the cash exercise provisions of Section 2.1 of the Warrant. Therefore, Holder makes payment
with this Notice of Exercise by way of check payable to the Company in the amount of
$             . Such
check is payment in full under the Warrant for                 
shares of Warrant Stock based upon the Warrant Exercise Price as currently in effect under the Warrant. Holder requests that the
shares of Warrant Stock be issued in the name of ____________________________ and delivered to
__________________________.

 

To the extent the foregoing
exercise is for less than the full Aggregate Exercise Price, a Replacement Warrant representing the remainder of the Aggregate Exercise
Price and otherwise of like form, tenor and effect should be delivered to Holder along with the share certificates evidencing the Warrant
Stock issued in response to this Notice of Exercise.

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