Document:

Exhibit
10.2

 

premier
exhibitions, inc.

 

and

 

daoping
bao

 

and

 

nancy
brenner

 

	 

        SUCCESS
        PAYMENT agreement

         

 

April 2, 2015

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia

V6C 3R8

 

    	 

    	 

    

 

success
PAYMENT agreement

 

MEMORANDUM
OF AGREEMENT made as of the 2nd day of April, 2015.

 

AMONG:

 

PREMIER EXHIBITIONS,
INC., a corporation existing under the laws of the State of Florida

 

(“Premier”)

 

AND:

 

DAOPING BAO,
businessperson residing in Surrey, British Columbia

 

(“Bao”)

 

AND:

 

NANCY BRENNER,
businessperson residing in Surrey, British Columbia

 

(“Brenner”
and collectively with Bao, the “DK Shareholders” and collectively with Premier the “Parties”)

 

WHEREAS each
of Premier, Bao, Brenner, Dinoking Tech Inc. (“DK”) and 1032403 B.C. Ltd. (“ExchangeCo”),
immediately before the entering into of this agreement, entered into a Merger Agreement dated April 2, 2015 (the “ Merger
Agreement”) under which ExchangeCo acquired all of the securities of DK;

 

WHEREAS under
the Merger Agreement the DK Shareholders sold their respective shares of DK to ExchangeCo in exchange for Premier Shares and/or
Exchangeable Shares exchangeable for Premier Shares;

 

WHEREAS
each of the DK Shareholders and Premier has agreed that DK has been working to obtain rights in respect of certain potential future
assets which have value (the “Future Rights”);

 

WHEREAS
the DK Shareholders will continue to work to obtain such Future Rights;

 

WHEREAS
if obtained after the date of Closing (as defined below), the value of such Future Rights will be for the benefit of the Premier
corporate group;

 

WHEREAS
each of the DK Shareholders and Premier has agreed that the value of the Future Rights, if obtained, is equal to $8,562,714 (the
“Value”), which is more particularly as follows:

 

$4,281,357 representing
50% of the Value (the “Cedar Fair Value”)

 

$1,712,543 representing
20% of the Value (the “Macau Signing Value”)

 

$2,568,814 representing
30% of the Value (the “Macau Opening Value”)

 

    	- 2 -

    	 

    

 

WHEREAS
the Value has been calculated as the difference between $14,990,272 million and the number of Premier Shares and/or Exchangeable
Shares issued or issuable to the DK Shareholders under the Merger Agreement multiplied by $4.48;

 

WHEREAS
Premier has agreed that if as of the Closing (as defined below), the Future Rights have been obtained by DK or a subsidiary of
DK, it is appropriate for there to be an increase in either or both of the Exchangeco Exchange Ratio or the Premier Exchange Ratio
under the Merger Agreement, such that the DK Shareholders will receive a greater number of Premier Shares or Exchangeable Shares
(as the case may be) in exchange for their DK Shares based on the Exchange Ratio Adjustment Formula; and

 

WHEREAS Premier
has agreed that if and when, after Closing (as defined below), the Future Rights are obtained by the Premier corporate group,
the DK Shareholders should be compensated therefor in the amount of the Cedar Fair Signing Value if a Cedar Fair Triggering Event
(as defined below) occurs on or after Closing, in the amount of the Macau Signing Value if a Macau Signing Triggering Event (as
defined below) occurs on or after Closing, and/or in the amount of the Macau Opening Value if a Macau Opening Triggering Event
(as defined below) occurs on or after Closing.

 

THIS AGREEMENT
WITNESSETH THAT in consideration of the respective covenants and agreements herein contained and for other good and valuable
consideration (the receipt and sufficiency of which is hereby acknowledged by each Party), the Parties hereby covenant and agree
as follows:

 

    	- 3 -

    	 

    

 

1.0         INTERPRETATION

 

1.1         Definitions

 

In this Agreement,
unless there is something in the subject matter or context inconsistent therewith, the following terms shall have the following
meanings respectively:

 

“Business Day”
means any day on which commercial banks are open for business in Vancouver, British Columbia and Atlanta, Georgia and other than
a Saturday, a Sunday or a day observed as a holiday in Vancouver, British Columbia under the laws of the Province of British Columbia
or the federal laws of Canada, or in Atlanta, Georgia under the laws of the State of Georgia or the federal laws of the United
States of America.

 

“Cedar
Fair Agreement” means any new agreement or any agreement relating to the replacement, amendment, restatement, renewal
or extension of that certain agreement between DK and Cedar Fair, L.P.

 

“Cedar
Fair Triggering Event” the execution of the Cedar Fair Agreement by DK or a subsidiary of DK and Cedar Fair, L. P.

 

“Closing”
means the effective time on the date upon which the transactions contemplated in the Merger Agreement occur;

 

“DK Shareholder
Percentage”

 

		i.	in respect of Bao means 87.5%;
                                         and

 

		ii.	in respect of Brenner means12.5%,

 

in each
case, of each and every amount payable by Premier hereunder.

 

“DK Shareholders”
has the meaning set out above.

 

“Macau Agreement”
means a proposed joint venture agreement among a newly formed subsidiary of DK, and a subsidiary of Macau Legend Development
Limited relating to the cultural, exhibition and entertainment business activities and related operational and management matters,
including a proposed dinosaur exhibition project.

 

“Macau Signing
Triggering Event” means the execution of the Macau Agreement by DK, or a newly formed subsidiary of DK, and a subsidiary
of Macau Legend Development Limited

 

“Macau Opening”
means the opening of the business under the Macau Agreement.

 

“Macau Opening
Triggering Event” means the opening of a Macau exhibit pursuant to the Macau Agreement.

 

All other capitalized terms used but
not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement.

 

    	- 4 -

    	 

    

 

1.2         Interpretation
Not Affected by Headings, etc.

 

The division of
this Agreement into sections and other portions and the insertion of headings are for convenience of reference only and shall
not affect the construction or interpretation hereof. Unless otherwise indicated, all references in this Agreement to a “Section”
followed by a number and/or a letter refer to the specified section of this Agreement, and all references in this Agreement to
an Appendix or Exhibit followed by a letter refer to the specified Appendix or Exhibit to this Agreement. Unless otherwise indicated,
the terms “this Agreement”, “hereof”, “herein”, “hereunder” and “hereby”
and similar expressions refer to this Agreement (including the Appendices and Exhibits hereto), as amended or supplemented from
time to time pursuant to the applicable provisions hereof, and not to any particular section or other portion hereof.

 

1.3         Currency

 

Unless otherwise
indicated, all sums of money referred to in this Agreement are expressed in lawful money of the United States of America.

 

1.4         Number,
etc.

 

Unless the context
otherwise requires, words importing the singular shall include the plural and vice versa and words importing any gender shall
include all genders.

 

1.5         Date For
Any Action

 

In the event that
any date on which any action is required to be taken hereunder by any of the Parties is not a Business Day, such action shall
be required to be taken on the next succeeding day which is a Business Day.

 

1.6         Entire
Agreement

 

This Agreement
and the agreements and other documents referred to herein constitute the entire agreement between the Parties with respect to
the payment of the Value, and other transactions contemplated hereby and supersede all other prior agreements, understandings,
negotiations and discussions, whether oral or written, between the Parties with respect thereto.

 

1.7         Construction

 

In this Agreement,
unless otherwise indicated:

 

		(a)	the
                                         words “include”, “including” or “in particular”,
                                         when following any general term or statement, shall not be construed as limiting the
                                         general term or statement to the specific items or matters set forth or to similar items
                                         or matters, but rather as permitting the general term or statement to refer to all other
                                         items or matters that could reasonably fall within the broadest possible scope of the
                                         general term or statement;

 

		(b)	a
                                         reference to a statute means that statute, as amended and in effect as of the date of
                                         this Agreement, and includes each and every regulation and rule made thereunder and in
                                         effect as of the date hereof;

 

    	- 5 -

    	 

    

 

		(c)	a
                                         reference to an “approval”, “authorization”, “consent”,
                                         “designation”, “notice” or “agreement” means an approval,
                                         authorization, consent, designation, notice or agreement, as the case may be, in writing,
                                         signed by an authorized representative of the party or parties thereto;

 

		(d)	the
                                         phrase “ordinary course of business”, or any variation thereof, of any person
                                         refers to the business of such person, carried on in the regular and ordinary course
                                         including commercially reasonable and businesslike actions that are in the regular and
                                         ordinary course of business for such person consistent with the past practices of such
                                         person;

 

		(e)	where
                                         a word, term or phrase is defined, its derivatives or other grammatical forms have a
                                         corresponding meaning; and

 

		(f)	time
                                         is of the essence.

 

2.0         TRIGGERING
EVENTS AND PAYMENTS

 

2.1         Cedar
Fair Agreement

 

2.1.1      If a Cedar
Fair Trigger Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier shall
within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option to obtain
the Cedar Fair Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Cedar Fair Triggering
Event:

 

		(a)	if
                                         so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder
                                         Percentage of that number of Premier Shares (on a fully paid and non-assessable basis)
                                         equal to the quotient obtained by dividing the Cedar Fair Value by (i) the lower of $5.15
                                         and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior
                                         to the date of the Cedar Fair Triggering Event; or

 

		(b)	if
                                         so elected, deliver to the DK Shareholder who so elects into such account or to such
                                         payee as such DK Shareholder has specified in the notification, in certified funds or
                                         by wire transfer, their respective DK Shareholder Percentage of $4,281,357, being the
                                         Cedar Fair Value,

 

provided,
however if the total gross revenue value of the Cedar Fair Agreement is less than $3 million then no payment or share issuance
will be owed to the DK Shareholders pursuant to this Section 2.1.1.

 

2.2         Macau
Agreement

 

2.2.1      If a Macau
Signing Triggering Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier
shall within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option
to obtain the Macau Signing Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Macau
Signing Triggering Event:

 

    	- 6 -

    	 

    

 

		(a)	if
                                         so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder
                                         Percentage of that number of Premier Shares (on a fully paid and non-assessable basis)
                                         equal to the quotient obtained by dividing the Macau Signing Value by (i) the lower of
                                         $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately
                                         prior to the date of the Macau Signing Triggering Event; or

 

		(b)	if
                                         so elected, deliver to the DK Shareholder who so elects into such account or to such
                                         payee as such DK Shareholder has specified in the notification, in certified funds or
                                         by wire transfer, their respective DK Shareholder Percentage of $1,712,543, being the
                                         Macau Signing Value.

 

2.2.2       If a Macau
Opening Triggering Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier
shall within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option
to obtain the Macau Opening Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Macau
Opening Triggering Event:

 

		(a)	if
                                         so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder
                                         Percentage of that number of Premier Shares (on a fully paid and non-assessable basis)
                                         equal to the quotient obtained by dividing the Macau Opening Value by (i) the lower of
                                         $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately
                                         prior to the date of the Macau Opening Triggering Event; or

 

		(b)	if
                                         so elected, deliver to the DK Shareholder who so elects into such account or to such
                                         payee as such DK Shareholder has specified in the notification, in certified funds or
                                         by wire transfer, their respective DK Shareholder Percentage $2,568,814 being the Macau
                                         Opening Value,

 

provided
however, if the Macau Opening occurs later than June 30, 2018 then no payment or share issuance will be owed to DK Shareholders
pursuant to this Section 2.2.2.

 

2.3         Registration
of Shares

 

2.3.1      Premier
shall register the Premier Shares (if any) issued under this Section 2.0,

 

		(a)	in
                                         respect of Bao, Daoping Bao;

 

		(b)	in
                                         respect of Brenner, Nancy Brenner.

 

3.0         GENERAL

 

3.1         Notices

 

All notices and
other communications which may or are required to be given pursuant to any provision of this Agreement shall be given or made
in writing and shall be deemed to be validly given if served personally or by telecopy, in each case addressed to the particular
Party at:

 

    	- 7 -

    	 

    

 

		(a)	If
                                         to Premier:

 

Premier Exhibitions, Inc.

Suite 900, 3340 Peachtree Road N.E.

Atlanta, Georgia 30326

USA

 

Attention:         Chief Executive
Officer

Facsimile:        (404) 842-2626

 

with a copy to:

 

Thompson Hine LLP (Cleveland)

3900 Key Center

127 Public Square

Cleveland, Ohio 44114-1291

USA

 

Attention:         Derek Bork

Facsimile:        (216) 566-5800

 

		(b)	If
                                         to Bao:

 

5790 126A Street

Surrey, British Columbia V6W 1K9

Canada

 

Attention:          Daoping Bao

Facsimile:        (604) 277-1617

 

with a copy to:

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

 

Attention:          Catherine Wade

Facsimile:        (604) 683-5214

 

		(c)	If
                                         to Brenner:

 

18 - 1828 Lilac Drive

Surrey, British Columbia V4A 5C9

Canada

 

Attention:          Nancy Brenner

Facsimile:        (604) 277-1617

 

    	- 8 -

    	 

    

 

with a copy to:

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

 

Attention:          Catherine Wade

Facsimile:        (604) 683-5214

 

or at such other address of which
any Party may, from time to time, advise the other Parties by notice in writing given in accordance with the foregoing. The date
of receipt of any such notice shall be deemed to be the date of delivery or telecopying thereof.

 

3.2         Assignment

 

Each of the DK
Shareholders may assign its rights or obligations under this Agreement with the consent of Premier, such consent not to be unreasonably
withheld, delayed or conditioned. Premier may not, without the prior written consent of each of the DK Shareholders (which consent
may be arbitrarily withheld) assign its rights or obligations under this Agreement.

 

3.3         Binding
Effect

 

This Agreement
and the Arrangement shall be binding upon and shall enure to the benefit of the Parties and their respective successors.

 

3.4         Waiver
and Modification

 

The DK Shareholders
and Premier may waive or consent to the modification of the provisions hereof, in whole or in part, and may waive or consent to
the modification of any of the covenants herein contained for their respective benefit or waiver or consent to the modification
of any of the obligations of the other Parties. Any waiver or consent to the modification of any of the provisions of this Agreement,
to be effective, must be in writing executed by the Party granting such waiver or consent.

 

3.5         Further
Assurances

 

Each Party shall,
from time to time, and at all times hereafter, at the request of the other Parties, but without further consideration, do all
such further acts and things and execute and deliver all such further documents and instruments as shall be reasonably required
in order to fully perform and carry out the terms and intent hereof.

 

3.6         Governing
Laws

 

This Agreement
shall be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable
therein and shall be treated in all respects as a British Columbia contract.

 

    	- 9 -

    	 

    

 

3.7         Severability

 

If any term, provision,
covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall
in no way be affected, impaired or invalidated, and the Parties shall in such event negotiate in good faith to modify the Agreement
to preserve each Party’s anticipated benefits under this Agreement.

 

3.8         Counterparts

 

This Agreement
may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall
constitute one and the same instrument.

 

    	- 10 -

    	 

    

 

IN WITNESS WHEREOF
the Parties hereto have executed this Agreement as of the date first written above.

 

PREMIER EXHIBITIONS, INC.

 

	By:	 /s/ Mark A. Sellers	 
	 	Authorized Signatory	 

 

	Signed in the presence of:	  )	 
	 	  )	 
	 	  )	 
	/s/ witness	  )	/s/ Daoping
    Bao
	Witness	  )	DAOPING BAO

 

	Signed in the presence of:	  )	 
	 	  )	 
	 	  )	 
	/s/ witness	  )	/s/ Nancy
    Brenner
	Witness	  )	NANCY BRENNER

 

    	- 11 -Exhibit
10.3

 

FORM OF CORPORATE
GOVERNANCE AGREEMENT

 

CORPORATE GOVERNANCE AGREEMENT, dated
as of [____] (this “Agreement”), by and among PREMIER EXHIBITIONS,
INC. (“Premier”), DAOPING BAO (“Bao”) and NANCY BRENNER (“Brenner”,
together with Bao and those persons who become shareholders of Premier as a result of the conversion of the Amended and Restated
Promissory Note of Premier dated April 2, 2015 and their Permitted Transferees, the “DK Group”).

 

WHEREAS in connection with the transactions
pursuant to the merger agreement entered into among, inter alia, Premier, Bao and Brenner on April 2, 2015 (the “Merger
Agreement”), Premier and the DK Group desire to enter into this Agreement setting forth certain rights and obligations
with respect to the nomination of directors to the Board of Directors of Premier (the “Board”) and board of
directors of Premier Subsidiaries, appointment of the Executive Chairman of the Board and Chief Executive Officer of Premier and
similar positions at Premier Subsidiaries at other related matters.

 

NOW THEREFORE, for good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby
agree as follows:

 

1.0          Definitions

 

All capitalized terms used but not defined herein
have the meanings ascribed to them in the Merger Agreement, other than as the following terms that shall have the meanings ascribed
to them below:

 

“Affiliate” means,
with respect to a specified Person, any Person that directly or indirectly through one or more intermediaries, controls or is controlled
by, or is under common control with, the Person specified. For purposes of this definition, “control” (including the
terms “controlling,” “controlled by” and “under common control with”) means the possession,
direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise.

 

“Board” has the meaning
ascribed to that term in the Recital above.

 

“Bylaws” means the
Amended and Restated Bylaws of Premier, as in effect on the date hereof, as may be amended from time to time.

 

“Exchangeable Shares”
means the non-voting exchangeable shares in the capital of 1032403  B.C. Ltd. held by Bao and
Brenner from time to time.

 

“Merger Agreement”
has the meaning ascribed to that term in the Recital above.

 

“Permitted Transferee”
shall mean, with respect to any Former DK Shareholder, (i) a Former DK Shareholder’s Affiliate, and (ii) a
trust of which such DK Group is a trustee or is a beneficiary.

 

“Person” means any
individual, corporation, partnership, limited liability company, joint venture, association, trust or other entity or organization,
including a government or political subdivision or an agency or instrumentality thereof.

 

    	 

    	 

    

 

“Premier Merger Shares”
means the two separate classes of shares of Premier one class to be issued to Bao and one class
to Brenner on the Effective Date each class having attached thereto voting rights equivalent
to the number of Premier Shares into which the Exchangeable Shares held by each of Bao and Brenner (from time to time) are exchangeable
(from time to time).

 

“Premier Shares” means
the shares of common stock with a par value of $0.0001 of Premier.

 

Unless the context otherwise requires, words
importing the singular shall include the plural and vice versa and words importing any gender shall include all genders.

 

2.0          Board
Number; Board Nomination

 

2.1           The
Board is currently composed of seven members. 

 

2.2           The
DK Group shall have the right (but not the obligation) to nominate:

 

2.2.1       
so long as the Board consists of seven members, up to four directors to the Board;

 

2.2.2        if
the Board consists of more or less than seven members, such lesser or higher number as will be equal to at least 47% of
the number of directors at any particular time (the “Nominees”) for appointment to the Board; and

 

2.2.3        if
the DK Group has a combination or rights to direct the votes attached to Premier Merger Shares and the Premier Shares, representing
in the aggregate between 30% and 10% of all of the voting rights with respect to the election of directors of Premier attached
to the Premier Merger Shares and the Premier Shares, Nominees representing up to 30% of the Nominees for appointment to the Board.

 

2.3           If
the DK Group has a combination of rights to direct the votes of the Premier Merger Shares and Premier Shares representing in the
aggregate less than 10% of the aggregate voting rights with respect to the election of directors of Premier it shall no longer
be entitled to present Nominees for appointment to the Board.

 

2.4           If
the DK Group provide notice to the Board of Directors of Premier prior to the closing of the Merger setting out the proposed Nominees
to be appointed on the date of closing of the Merger, the Board of Directors of Premier, consistent with Section 2.2, shall appoint
such Nominees to the Board effective as of the Effective Date of the Merger. 

 

2.5           Premier
shall include, and shall use its best efforts to cause the Board, whether acting through the Corporate Governance and Nominating
Committee of the Board (“Committee”) or otherwise, to include those nominees
of the DK Group the (“DK Group Nominees”) on the slate of nominees recommended
to shareholders of Premier (the “Shareholders”) for election as a directors
at any annual or special meeting of the Shareholders at or by which directors of Premier are to be elected (or, if permitted, by
written consent of the Shareholders). 

 

2.6           In
the event that the Former DK Group has named less than four DK Group Nominees, then the DK Group shall have the right,
at any time, to name such additional nominees up to a maximum of four, subject to Section 2.2.

 

2.7           Vacancies
arising through the death, resignation of any DK Group’s’ Nominee may only be filled by the Board with an individual
named by the DK Group and to which the Committee has agreed.

 

    	- 2 -

    	 

    

 

2.8           Premier
shall use its best efforts to ensure that at all times the Board of Premier shall include up to four DK Group’s Nominees
or such other number as provided herein, subject to Section 2.2. Each DK Group Nominee shall be considered the nominees recommend
for election for the purpose of proxy solicitations by Premier, and Premier shall solicit proxies for each of such nominees to
the same extent it does for any other nominees of Premier.

 

2.9           Notwithstanding
the provisions of this Section 2.0, Premier shall not be required to comply with the obligations of Section 2.1 if the Committee
determines that any such person named as a potential DK Group’s Nominee is not qualified under any applicable law, rule or
regulation to serve as a director of Premier. The Committee shall provide to the DK Group written notice of its determination together
with the grounds for such determination. In such an event, the DK Group shall be entitled to select another individual as
a replacement nominee and Premier shall use its best efforts to cause such replacement nominee to be nominated as the DK Group
Nominee at the same meeting (or, if permitted, pursuant to the same action by written consent of the Shareholders) at which the
initial nominee was to be nominated. Other than with respect to the review of the Committee, Premier shall not have the right to
object to any DK Group’s Nominee.

 

2.10         Premier
shall notify the DK Group in writing at least 60 days prior to the date on which proxy materials are expected to be mailed by Premier
in connection with an annual or special meeting of the Shareholders at which directors are to be elected. Premier shall provide
the DK Group with a reasonable opportunity to review and provide comments on any portion of the proxy materials relating to the
DK Group’ Nominees or the rights and obligations provided under this Agreement and to discuss any such comments with Premier.
Premier shall notify the DK Group of any opposition from the Committee to the nomination of a DK Group Nominee sufficiently in
advance of the date on which such proxy materials are to be mailed by so as to enable the DK Group to propose a replacement nominee.

 

2.11         The
DK Group shall have the right, exercisable by delivering written notice to the Board, to designate a non-voting observer to attend
any meetings of the Board (or committees thereof); provided, however, that the chairperson of such meeting shall have the right
to cause any non-voting observer to leave any such meeting of the Board (or committee thereof) for such period as the chairperson
of such meeting may specify. Notice of meetings of the Board (or committees thereof) shall be furnished to each non-voting observer
no later than, and using the same form of communication as, notice of meetings of the Board are furnished to directors in accordance
with the bylaws.

 

2.12         Upon
termination of this Agreement, the DK Group shall, at the request of the Board, use its best efforts to cause the applicable DK
Group Nominee to resign from the Board.

 

2.13         Subject
to applicable legal requirements, the Bylaws and the Articles of Incorporation shall not be amended or replaced so that performance
by Premier of this Agreement is negatively impacted.

 

3.0          Chairman
of the board

 

3.1           The
Board shall elect Bao as the executive chairman of the Board effective at the Effective Date . 

 

4.0          President
and chief executive officer

 

4.1           The
Board shall appoint Bao as the president of Premier, who shall be the chief executive officer of Premier (and may also be given
such title of office) effective at the Effective Date . The Board and Bao shall co-operate in good faith to enter into an employment
agreement in respect of this position.

 

    	- 3 -

    	 

    

 

5.0          Subsidiary

 

5.1           All
provisions in Section 2.0 excepting only the approval of the Committee for any nominee put forward by the DK Group, shall apply,
mutatis mutandis, to each Premier Subsidiary as directed in writing by the DK Group to Premier from time to time, such that the
composition of the board of directors of those Premier Subsidiaries shall reflect the same pro rata composition as the Board provided
in Section 2.0. 

 

5.2           The
board of directors of each Premier Subsidiary composed in accordance with Section 5.1 shall, upon written notice by the DK Group,
elect Bao as the executive chairman of such board(s) of directors, and such board shall appoint Bao as the president and chief
executive officer (if he is also given such title of office). 

 

6.0          insurance;
indemnification

 

6.1           During
all periods that any of the DK Group’s Nominees or Bao (collectively, the “Insured Parties”) serve Premier or
any Premier Subsidiary, Premier shall purchase and maintain directors’ and officers’ insurance with reputable insurance
companies, and at coverage levels, customary for companies comparable in size and having a similar business risk profile as the
Premier (the “Insurance”). Premier shall maintain the Insurance for a period of not less than six years from the date
of the last Insured Party’s resignation or removal.

 

6.2           Promptly
after the Effective Date , Premier shall enter into an indemnification agreement (an “Indemnification Agreement”),
substantially in the form and content of Exhibit “A” hereto, with each Insured Party. 

 

6.3           For
as long as any of the Insured Parties holds office as director or officer of Premier or any Premier Subsidiary, Premier and each
such Premier Subsidiary shall not amend, alter or repeal any right to indemnification or exculpation covering or benefiting any
of the Insured Parties, including those rights contained herein, in the Indemnification Agreements and in the respective charter
documents of Premier and any Premier Subsidiary, without express consent from the DK Group. 

 

7.0          Miscellaneous

 

7.1           Effective
Date

 

This Agreement shall become effective upon the
Effective Date.

 

7.2           Governing
Law

 

This Agreement and the rights and obligations
of the parties hereto and the Persons subject hereto shall be governed by, and construed and interpreted in accordance with, the
laws of the State of Florida, without giving effect to the choice of law principles thereof.

 

7.3           Enforcement

 

Each of the parties hereto agrees that in the
event of a breach of any provision of this Agreement, the aggrieved party may elect to institute and prosecute proceedings in any
court of competent jurisdiction to enforce specific performance or to enjoin the continuing breach of this Agreement. Such remedies,
however, shall be cumulative and not exclusive, and shall be in addition to any other remedy which any party hereto may have.

 

    	- 4 -

    	 

    

 

7.4           Jurisdiction

 

In any judicial proceeding involving any dispute,
controversy or claim arising out of or relating to this Agreement, each of the parties hereto unconditionally accepts the non-exclusive
jurisdiction and venue of any state or federal court located in the State of Florida and the appellate courts to which orders and
judgments thereof may be appealed. In any such judicial proceeding, each of the parties hereto agrees that in addition to any method
for the service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may
be made by delivery provided pursuant to the directions in Section 7.7. EACH OF THE PARTIES HEREBY WAIVES TRIAL BY JURY
IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

 

7.5           Successors
and Assigns

 

Except as otherwise provided herein, the provisions
of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives,
successors and permitted assigns.

 

7.6           Entire
Agreement

 

This Agreement constitutes the full and entire
understanding and agreement between the parties with regard to the subject matter hereof and supersedes all prior oral or written
(and all contemporaneous oral) agreements or understandings with respect to the subject matter hereof.

 

7.7           Notices

 

All notices, requests, demands, waivers, consents
and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have
been duly given if (a) delivered personally, (b) mailed by certified or registered mail with postage prepaid, (c) sent
by next-day or overnight mail or delivery with proof of receipt maintained or (d) sent by email or fax, to the following addresses
(or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof):

 

(a)          If
to Premier:

 

Premier Exhibitions, Inc.

Suite 900, 3340 Peachtree Road N.E.

Atlanta, Georgia 30326

USA

 

Attention:        Chief Executive Officer

Facsimile:         (404) 842-2626

 

    	- 5 -

    	 

    

 

with a copy to:

 

Thompson Hine LLP (Cleveland)

3900 Key Center

127 Public Square

Cleveland, Ohio 44114-1291

USA

 

Attention:        Derek Bork

Email:                Derek.Bork@thompsonhine.com

Facsimile:         (216) 566-5800

 

(b)          If
to Bao:

 

#110 – 11188
Featherstone Way

Richmond, British Columbia V6W 1K9

Canada

 

Attention:        Daoping Bao

Email:                daoping@dinosaursunearthed.com

Facsimile:         (604) 277-1617

 

with a copy to:

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

 

Attention:        Catherine Wade

Email:                Catherine.wade@dentons.com

Facsimile:         (604) 683-5214

 

(c)          If
to Brenner:

 

18 - 1828 Lilac Drive,

Surrey BC V4A 5C9

Canada

 

Attention:        Nancy Brenner

Email:                nancy@dinosaursunearthed.com

Facsimile:         (604) 277-1617

 

with a copy to:

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

 

    	- 6 -

    	 

    

 

Attention:        Catherine Wade

Email:                Catherine.wade@dentons.com

Facsimile:         (604) 683-5214

 

All such notices, requests, demands, waivers, consents and other
communications shall be deemed to have been received by (w) if by personal delivery, on the day delivered, (x) if by
certified or registered mail, on the fifth business day after the mailing thereof, (y) if by next-day or overnight mail or
delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such delivery is confirmed.

 

7.8           Waiver

 

Waiver by any party hereto of any breach or
default by the other party of any of the terms of this Agreement shall not operate as a waiver of any other breach or default,
whether similar to or different from the breach or default waived. No waiver of any provision of this Agreement shall be implied
from any course of dealing between the parties hereto or from any failure by either party to assert its or his or her rights hereunder
on any occasion or series of occasions.

 

7.9           Counterparts

 

This Agreement may be executed in any number
of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

 

7.10         Headings

 

The headings in this Agreement are for the convenience
of the parties only and shall not control or affect the meaning or construction of any provision hereof.

 

7.11         Invalidity
of Provision

 

The invalidity or unenforceability of any provision
of this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that
jurisdiction or the validity or enforceability of this Agreement, including that provision, in any other jurisdiction.

 

7.12         Amendments
and Waivers

 

The provisions of this Agreement may be amended
at any time and from time to time, and particular provisions of this Agreement may be waived or modified, with and only with an
agreement or consent in writing signed by each of the parties hereto.

 

7.13         Further
Assurances

 

Each party hereto shall do and perform or cause
to be done and performed all such further acts and things and shall execute and deliver all such other agreements, certificates,
instruments and documents as any other party hereto or Person subject hereto may reasonably request in order to carry out the intent
and accomplish the purposes of this Agreement. Premier shall not directly or indirectly take any action that is intended to, or
would reasonably be expected to result in, the DK Group being deprived of the rights contemplated by this Agreement.

 

    	- 7 -

    	 

    

 

7.14         No
Third-Party Beneficiaries

 

This Agreement is not intended to, and does
not, confer upon any Person other than the parties hereto any rights or remedies.

 

IN WITNESS WHEREOF this Agreement has been signed
by each of the parties hereto, and shall be effective as of the date first above written.

 

PREMIER EXHIBITIONS, INC.

 

	Per:  	 	 
	 	Authorized Signatory	 

 

	Signed in the presence of:	)	 
	 	)	 
	 	)	 
	 	)	 
	Witness	)	DAOPING BAO

 

	Signed in the presence of:	)	 
	 	)	 
	 	)	 
	 	)	 
	Witness	)	NANCY BRENNER

 

    	- 8 -

    	 

    

 

Exhibit “A”

 

Form of Indemnification Agreement

 

As attached.

 

    	 

    	 

    

 

INDEMNIFICATION
AGREEMENT

 

This Indemnification Agreement (this “Agreement”),
dated                                   ,
20       , by and between PREMIER EXHIBITIONS, INC., a Florida corporation (the
“Premier”), and                                   
(“Nominee”).

 

WHEREAS:

 

A.            Indemnitee
performs a valuable service to Premier and/or affiliate(s) of Premier (collectively, the “Company”) in his or
her capacity as a director and/or officer of one or more of these entities;

 

B.            Premier
has adopted provisions in its articles of incorporation (the “Articles”) providing for indemnification of its officers
and directors,; and

 

C.            This
Agreement is a supplement to the provisions of the Articles dealing with indemnities and shall not be deemed a substitute therefor,
nor to diminish or abrogate any rights of Indemnitee thereunder and shall remain in place irrespective of the Articles.

 

NOW THEREFORE in consideration of the
premises and the covenants contained herein, the parties hereto agree as follows:

 

1.0          INDEMNITY

 

1.1           General
Scope: The Company shall indemnify the Nominee and the Nominee’s heirs, executors, administrators and personal representatives
(collectively the “Indemnitees” and, individually, an “Indemnitee”) for all liabilities or obligations
imposed upon or incurred by the Indemnitees at law, in equity or by, pursuant to or under any statute or regulation and all expenses
(“Liability”) in relation to any claim, action, proceeding, investigation, or order whether civil, criminal or administrative
and whether made or commenced by the Company, by an Associated Corporation or by any other person (collectively, or individually,
a “Claim”) by reason of: 

 

(a)           the
Nominee being or having been a director, alternate director or officer of, or holding or having held a position equivalent to that
of a director, alternate director or officer of, the Company or any Associated Corporation, or

 

(b)           any
act or omission, whether or not negligent, of the Nominee acting as a director, alternate director or officer, or as a person in
an equivalent position, of the Company or any Associated Corporation,

 

including without limitation, legal fees and
disbursements and all other costs of investigation and defence incurred by the Indemnitees or any of them in relation to a Claim,
whether or not any action or proceeding is commenced, and all amounts paid or payable by the Indemnitees or any of them, to settle
a Claim or to satisfy a judgment, including without limitation the payment of interest and costs, or otherwise to discharge a Liability
imposed or incurred.

 

1.2           Absolute
Liability: Without limiting the generality of paragraph 2.1, the Company shall indemnify the Indemnitees against any Liability
in relation to a Claim which is statutorily imposed on the Nominee.

 

1.3           Negligence:
Without limiting the generality of paragraph 2.1, the Company shall indemnify the Indemnitees against any Liability in relation
to a Claim arising from negligent conduct of the Nominee.

 

    	 

    	 

    

 

1.4           Actual
Payment: The Company shall pay all amounts due to an Indemnitee under this Indemnity Agreement forthwith upon demand by the Indemnitee.

 

2.0          INDEMNITY
RESTRICTED

 

Despite any other provision of this Indemnity
Agreement, the Company is not obliged under this Indemnity Agreement to make any payment that is prohibited by applicable law,
including, as at the date of this Indemnity Agreement, the Florida Business Corporation Act, or by court order in force at the
date the payment must be made.

 

3.0          ADVANCE
EXPENSES

 

Unless prohibited by applicable law or court
order, the Company shall pay, as they are incurred, in advance of the final disposition of a Claim, the expenses actually and reasonably
incurred by an Indemnitee in respect of the Claim provided that the Company shall not make such payments unless the Company first
receives from the Indemnitee a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited
by applicable law, the Indemnitee will repay the amounts advanced.

 

4.0          TAXABLE
BENEFITS

 

Any indemnity payment made pursuant to this
Indemnity Agreement shall be grossed up by the amount of any tax payable by the Indemnitee pursuant to the Income Tax Act (Canada)
in respect of such payment.

 

5.0          ENFORCEMENT
COSTS

 

5.1           Application
to Court: If any payment by the Company under this Indemnity Agreement would be prohibited under paragraph 3 unless approved by
a court, or if there shall be a disagreement between the Company and any Indemnitee as to whether or not an indemnification under
this Indemnity Agreement would be prohibited under paragraph 3 unless approved by the court, the Company, at its own expense and
in good faith, will promptly take proceedings to obtain that approval or such other appropriate determination. The Company shall
indemnify the Indemnitees for the amount of all costs incurred by any or all of them in obtaining any court approval contemplated
by this paragraph 6.1, including without limitation all legal fees and disbursements.

 

5.2           Independent
Counsel: The Indemnitees, or any of them, may each retain their own independent legal counsel for the purpose set out in paragraph
6.1 or for any other purpose in relation to a Claim and the cost of such representation shall be considered a “Liability”
to which this Indemnity Agreement applies.

 

5.3           No
Presumption of Wrong Doing: The determination of any Claim, by adjudication, settlement, or otherwise, shall not, of itself, create
any presumption for the purposes of this Indemnity Agreement that the Nominee did not act honestly and in good faith with a view
to the best interests of the Company or an Associated Corporation, or, in the case of a criminal or administrative action or proceeding,
that the Nominee did not have reasonable grounds for believing that his conduct was lawful, unless a judgment or order of the Court
specifically finds otherwise.

 

    	- 2 -

    	 

    

 

6.0          NOMINEE
CEASING TO ACT

 

The Nominee may resign at any time as a director,
alternate director and/or officer, or from an equivalent position, of the Company or any Associated Corporation. The obligations
of the Company hereunder continue after and are not affected in any way by the Nominee ceasing to be a director, alternate director
and/or officer, or to hold an equivalent position, of the Company or any Associated Corporation whether by resignation, removal,
death, incapacity, disqualification under applicable law or otherwise.

 

7.0          RE-ELECTION

 

The obligations of the Company under this Indemnity
Agreement continue after and are not affected in any way by the re-election or re-appointment from time to time of the Nominee
as a director or officer, or to an equivalent position, of the Company or any of its Associated Corporations.

 

8.0          CONTINUING
INDEMNITY

 

8.1           Other
Compensation: The obligations of the Company under this Indemnity Agreement are not diminished or in any way affected by:

 

(a)           Financial
Interest: the Nominee holding from time to time any direct or indirect financial interest in the Company, in an Associated Corporation
or in a corporation otherwise related to the Company;

 

(b)           Salary/Compensation:
payment by the Company, by an Associated Corporation, or by any corporation otherwise related to the Company, to the Nominee of
director’s fees or any salary, wages or other compensation;

 

(c)           Interested
Contracts: payment by the Company, by an Associated Corporation, or by any corporation otherwise related to the Company, to the
Nominee or to any firm of which the Nominee is a partner, associate or employee, of any fees for services rendered;

 

(d)           D
& O Insurance: any directors’ or officers’ liability insurance placed by or for the benefit of the Nominee by the
Nominee, the Company, an Associated Corporation or any entity related to any of them; or

 

(e)           Other
Indemnities: payment to the Nominee by any shareholder of the Company, an Associated Corporation or any corporation otherwise related
to the Company, or by any other person pursuant to any other contract of indemnity.

 

8.2           Non
Compliance with Constating Documents: The obligations of the Company under this Indemnity Agreement are not diminished, or in any
way affected by the Nominee’s failure to comply with the provisions of the Florida Business Corporations Act or of the articles
or by-laws of the Company.

 

8.3           Non
Waiver: No waiver by the Nominee of any default or breach of any of the terms, covenants, conditions, or obligations of this Indemnity
Agreement shall constitute a waiver by the Nominee of any prior, concurrent, or subsequent default or breach of the same, or any
other term, covenant, condition, or obligation of the Company.

 

    	- 3 -

    	 

    

 

9.0          REPORTING

 

9.1           Material
Developments: The Company shall report promptly and regularly to the Nominee any material adverse change in the financial condition,
business or property of the Company or any entity related to it and any event or circumstance known to the Company that may result,
directly or indirectly, in any liability or obligation being imposed upon any Indemnitee.

 

9.2           Nominee
Cooperation: The Nominee agrees to give notice to the Company within two business days of being served with any statement of claim,
writ, notice of motion, indictment, or other documents commencing or continuing any Claim against the Nominee. The Nominee agrees
to give the Company such information and cooperation as the Company may reasonably require from time to time in respect of all
matters contemplated by this Indemnity Agreement.

 

9.3           Company
Cooperation: The Company agrees to notify the Nominee in writing within two business days of being served with any statement of
claim, writ, notice of motion, indictment, or other document commencing or continuing any Claim against the Nominee. The Company
agrees to give the Nominee such information and cooperation as the Nominee may reasonably require from time to time in respect
of all matters under this Indemnity Agreement.

 

10.0        Separability

 

Each of the provisions of this Agreement is
a separate and distinct agreement and independent of the others, so that if any provision hereof shall be held to be invalid for
any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof.
Furthermore, if this Agreement shall be invalidated in its entirety on any ground, then the Company shall nevertheless indemnify
Indemnitee to the fullest extent provided by the charter documents or any other applicable law.

 

11.0        Governing
Law

 

This Agreement shall be governed by and its
provisions construed in accordance with the laws of the State of Florida, without regard to the conflict of law principles thereof.
The Company and Indemnitee each irrevocably consents to the jurisdiction of the courts of the State of Florida for all purposes
in connection with any Proceeding which arises out of or relates to this Agreement and agree that any action instituted under this
Agreement shall be brought only in the state courts of the State of Florida.

 

12.0        Amendment
and Termination

 

No amendment, modification, termination or cancellation
of this Agreement shall be effective unless in writing signed by both parties hereto.

 

13.0        Identical
Counterparts

 

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 but one
and the same Agreement. Only one such counterpart need be produced to evidence the existence of this Agreement.

 

14.0        Headings

 

The headings of the sections of this Agreement
are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof.

 

    	- 4 -

    	 

    

 

15.0        Notices

 

15.1         All
notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) delivered
personally, (ii) mailed by certified or registered mail with postage prepaid, (iii) sent by next-day or overnight mail
or delivery with proof of receipt maintained or (iv) sent by fax: 

 

(a)           If
to Indemnitee, at the address indicated on the signature page hereof.

 

(b)           If
to the Company, to:

 

Premier Exhibitions, Inc.

Suite 900, 3340 Peachtree Road N.E.

Atlanta, Georgia 30326

USA

 

Attention:        Chief Executive Officer

Facsimile:         (404) 842-2626

 

or to such other address as the Company may have furnished
to Indemnitee.

 

15.2         All
such notices, requests, demands, waivers, consents and other communications shall be deemed to have been received by (w) if by
personal delivery, on the day delivered, (x) if by certified or registered mail, on the fifth business day after the mailing thereof,
(y) if by next day or overnight mail or delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such
delivery is confirmed.

 

16.0        Merger

 

This Agreement constitutes the entire agreement
between the parties concerning the subject matter hereof, and supersedes any and all prior agreements and understandings between
them with respect thereto; provided that the provisions hereof shall not supersede the provisions of the Company’s charter
documents, any agreement by which the Company is bound, any vote of shareholders or directors of the Company, and any applicable
law, to the extent any such provisions shall be more favorable to Indemnitee than the provisions hereof.

 

[Signatures to appear on
the following page.]

 

    	- 5 -

    	 

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement on and as of the day and year first above written.

 

PREMIER EXHIBITIONS,
INC.

 

	By:	 	 
	Name: 	 	 
	Title: 	 	 

 

INDEMNITEE

 

	By: 	 	 
	Name: 	 	 
	Title: 	 	 

 

    	- 6 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]