Document:

EXHIBIT
10.2

 

ASSET MANAGEMENT AGREEMENT

 

This
Asset Management Agreement ("Agreement") is made and entered into effective as of July 1, 2013 ("Effective
Date") between The InterGroup Corporation (“OWNER”), and Delta Alliance Capital Management, LLC,
a California limited liability company ("MANAGER"). 

 

RECITALS

 

A.OWNER
owns certain real properties and buildings, improvements and assets associated therewith more particularly described on Exhibit
A hereto (each a "Property" and if applicable collectively, the "Properties"). 

 

B.MANAGER
and its staff or assignee are experienced and capable in the asset management of apartments that are similar in size and scope
to the Properties. 

 

C.OWNER
desires to engage MANAGER to furnish to OWNER, and MANAGER agrees to furnish to OWNER, in accordance with the terms herein, the
necessary technical, management and operating services described herein in order that the Properties will obtain the benefits deriving
from the experience and capabilities of MANAGER in said activities.

 

AGREEMENT

 

1.Appointment
and Acceptance. To the extent herein provided and subject to the terms and conditions set forth herein, OWNER appoints
MANAGER to asset manage the Properties, and MANAGER accepts the appointment, subject to the terms and conditions set forth in this
Agreement. In the absence of an agreement in writing between OWNER and MANAGER, no other tract or parcel of real property or the
improvements thereon shall be subject to this Agreement. 

 

2.Term.
The term of this Agreement ("Term") shall commence on the Effective Date and shall terminate on the earlier to occur
of: (i) the sale of the Properties or any portion thereof (in which event only as to such portion of the Properties sold); (ii)
the termination of this Agreement pursuant to the terms hereof; or (iii) one (1) year from the Effective Date, provided that the
Term be shall automatically renewed for successive one (1) year terms unless either party, upon delivery of written notice to the
other party at least ninety (90) days prior to the expiration of the Term of its intention
not to renew the Term.

 

3.Responsibilities
of MANAGER.. MANAGER agrees to provide to OWNER the following services:

 

		a)	Every year, on or prior to May 1st, MANAGER shall review
the proposed budget prepared by the property management company managing the Properties and give advice and counsel as to the assumptions
behind the proposed revenues and costs in the annual operating budget. For the first year of this agreement for fiscal year ending
June 30, 2014, the review will be conducted on or prior to October 15, 2013.

		b)	Every year, on or prior to May 1st, MANAGER shall review
the capital costs proposed for the operating budget and make recommendations concerning the establishment of any additional reserves.

		c)	MANAGER shall engage in discussions with OWNER any time so requested
by OWNER concerning long term capital projects and needs and, if so requested by Owner, MANAGER shall prepare in conjunction with
the annual property operating budget, a rolling three year capital budget for the Properties.

		d)	MANAGER shall assist OWNER in evaluating any refinancing of the
property including identifying potential replacement financing, appropriate terms, amortization period, principal balance, interest
rates and type of lender; However, the final selection of any lender and loan shall in all events be the sole responsibility and
at the sole discretion of OWNER. 

		e)	MANAGER shall provide investor relations services to OWENR including
but not limited to, handling inquiries from investors and delivering information as requested.

		f)	MANAGER shall work with the property management firm to evaluate
annual real estate taxes and any appeals that may be warranted.

		g)	MANAGER shall assist OWNER in preparation of annual tax returns
and shall coordinate any annual audits required by any lender, investor or OWNER.

		h)	MANAGER shall assist OWNER and the property management company
in the application and processing of any required licenses and permits.

		i)	MANAGER shall assist Owner in periodic valuations of the Properties.

 

    	 

    	 

    

  

4.Service
of Process. MANAGER is not authorized and shall not accept service of process or citation for violation of any code, ordinance,
regulation or law for OWNER. 

 

5.Disclosure.
MANAGER shall disclose to OWNER in advance in writing any and all relationships, and the nature and extent thereof, of MANAGER
to any other party with whom MANAGER contracts, for itself or on behalf of OWNER or Owners, in connection with the operation, maintenance
and repair of the Properties. Further, MANAGER may not contract for any services or supplies in connection with the operation,
maintenance and repair of the Properties with any affiliated agencies unless MANAGER demonstrates that the prices and terms (including
continuity, punctuality and reliability of contract performance) of such goods and services in connection with the operation, maintenance
and repair of the Properties are at least as favorable with the prices and terms of goods and services of equal quality available
from other reputable suppliers and contractors. 

 

6.Asset
Management Fee. For the complete performance of the services described herein, MANAGER's compensation shall be the payment
by OWNER to MANAGER of one half percent (0.5%) of the Gross Income From Operations ("Asset Management Fee"). 

 

7.Termination.
Notwithstanding anything to the contrary contained herein, (i) at any time during the Term, OWNER and MANAGER may terminate this
Agreement by giving thirty (30) days advance written notice to the other party; (ii) this Agreement shall automatically terminate
upon the sale of the Properties or any portion thereof (in which event only as to such portion of the Properties sold); (iii) OWNER
may terminate this Agreement immediately in the event of a breach of this Agreement by MANAGER or in the event of MANAGER's misconduct
by giving written notice of such termination to MANAGER, and upon such termination, in addition to all other rights and remedies
OWNER may have, MANAGER shall not be entitled to receive any further compensation as of the date of MANAGER's receipt of such written
notice of termination; and (iv) in the event OWNER is in default in the performance of any of its obligations hereunder, and such
default remains uncured for thirty (30) days following MANAGER's giving of written notice of such default to OWNER, MANAGER shall
have the right to terminate this Agreement upon thirty (30) days written notice to OWNER. Upon OWNER terminating this Agreement
pursuant to subsections (i), (ii) and (iv) of this Section 32, OWNER shall pay to MANAGER as its sole and exclusive compensation,
that portion of the Asset Management Fee earned to the date of termination, less any amounts previously received by MANAGER.

 

8.Assignment.
OWNER or Owners may assign its rights and obligations hereunder to any assignee of the Master Agreement. MANAGER may not assign
its rights and obligations hereunder without the advance written consent of Owner which consent may be withheld or granted by Owners
and Lender in their sole and absolute discretion. 

 

9.Notices.
All notices, requests, demands or other communications under this Agreement shall be in writing. Notice shall be sufficiently given
for all purposes as follows: (a) when personally delivered to the recipient; notice is effective upon delivery; (b) when mailed
first class to the last address of the recipient known to the party giving notice; notice is effective three (3) mail delivery
days after deposit in a United States Postal Service office or mailbox; (c) when mailed certified mail, return receipt requested;
notice is effective upon receipt, if delivery is confirmed by a return receipt; (d) by overnight delivery using a nationally
recognized overnight courier, charges prepaid or charged to the sender’s account; notice is effective upon delivery, if delivery
is confirmed by the delivery service; or (e) when sent by telex or facsimile to the last telex or fax number of the recipient
known to the party giving notice; notice is effective upon receipt, provided that (i) a duplicate copy of the notice is promptly
given by first-class or certified mail or by overnight delivery, or (ii) the receiving party delivers a written confirmation
of receipt; any notice given by telex or facsimile shall be deemed received on the next business day if it is received after 5:00 PM
(recipient’s time) or on a nonbusiness day. Any correctly addressed notice that is refused, unclaimed, or undeliverable because
of an act or omission of the party to be notified shall be deemed effective as of the first date that said notice was refused,
unclaimed, or deemed undeliverable by the postal authorities, messenger or overnight delivery service. Any party may change its
address, telex or fax number by giving the other party notice of the change in any manner permitted by this Agreement. 

 

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Addresses
for purposes of giving notice are as follows:

 

If
to OWNER,

addressed
to:

 

		With a copy to:	John Winfield

President
and Chairman

The
InterGroup Corporation

10940
Wilshire Blvd., Suite 2150

Los
Angeles, CA 90024

Phone:
310/889/2555

FAX:
310/440/0081

 

		With Copy to:	Michael G. Zybala

Asst.
Secretary & General Counsel

The
InterGroup Corporation

Phone:
310/466/7961

Email:
mzybala@intgla.com

FAX:
858/673/5406

If
to MANAGER

		Addressed to:	Delta Alliance Capital
Management, LLC15707 Rockfield, Suite 225

Irvine,
CA 92618

Attention: Paul
PerkinsPhone: 949/900-6160

FAX:
949/900-6601

10.Entire
Agreement. This Agreement contains the entire agreement between the parties hereto, and supersedes any prior written or
oral agreement between said parties concerning the subject matter contained herein. There are no representations, agreements, arrangements
or understandings, oral or written between and among the parties hereto, relating to the subject matter contained in this Agreement,
which are not fully expressed herein.

 

11.Governing
Law. The validity, interpretation, construction and performance of this Agreement shall be controlled by and construed
under the laws of the State of California, without giving effect to principles of conflict of law thereof. In the event of any
litigation arising out of any dispute in connection with this Agreement, the parties hereby consent to the jurisdiction of the
California courts.

  

12.Mediation.
If a dispute, controversy or claim: (i) occurs, in law or in equity; (ii) involves any of the Parties; and (iii) arises under,
out of, in connection with, or in relation to this Agreement, any amendments to this Agreement or a breach of this Agreement, the
disputing Parties agree first to try in good faith to settle the dispute by mediation under the mediation rules of JAMS or its
successor organization before resorting to litigation. The disputing Parties agree that mediation shall be completed within thirty
(30) days of a notification of a dispute, unless otherwise agreed by such Parties in writing. 

  

13.No
Recording. Unless required by Lender, this Agreement shall not be filed of record in the deed, deed of trust, real property
or other records in any county or office in any state. OWNER may file a copy of this Agreement with its reports to the Securities
and Exchange Commissions (“SEC”) to meet its public company reporting requirements with the SEC and NASDAQ.

 

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14.MANAGER's
and OWNER's Liability. MANAGER shall be liable to OWNER for all losses, damages, liabilities, actions, proceedings, claims,
fines, penalties, costs and expenses, including without limitation attorney's fees and court costs, sustained or incurred by OWNER
by reason of or arising out of MANAGER's breach of the duties and obligations required by this Agreement. OWNER shall be liable
to MANAGER for all losses, damages, liabilities, actions, proceedings, claims, fines, penalties, costs and expenses, including
without limitation attorney's fees and court costs, sustained or incurred by MANAGER by reason of or arising out of OWNER's breach
of the duties and obligations required by this Agreement.

 

15.Attorneys'
Fees. With regard to any action or proceeding between the parties arising from or relating to this Agreement or the enforcement
or interpretation hereof, the party prevailing in such action or proceeding shall be entitled to recover from the other party all
of its reasonable attorneys’ fees and other costs and expenses of the action or proceeding.

 

16.Applicability
of Agreement. It is understood and agreed that (a) the provisions of this Agreement shall apply to each of the Properties
described on Exhibit A as if each Property has a separate management agreement, and (b) the parties hereto may act in any
manner that is authorized by this Agreement with respect to any one (1) Property without affecting any of the other Properties.

 

17.Confidentiality.
MANAGER shall regard all information relating to the Properties and all information supplied to MANAGER by OWNER, lenders or any
of its employees or agents as confidential and proprietary information of OWNER and/or Owners, and shall not permit its release
to other parties without OWNER's prior written authorization.

 

18.Force
Majeure. Neither party shall be liable to the other in damages nor shall this Agreement be terminated nor a default be
deemed to have occurred because of any failure to perform hereunder caused by a "Force Majeure". In this Agreement, the
term "Force Majeure" shall mean an event, such as, but not limited to, fire, earthquake, flood, explosion, casualty,
strike, unavoidable accident, riot, insurrections, civil disturbance, act of public enemy, embargo, war, act of God, inability
to obtain labor, materials or supplies, any outbreak of disease, and any governmental regulation, restriction or prohibition, or
any other similar cause beyond the parties' control.

 

19.Meetings.
OWNER and MANAGER shall meet regularly upon OWNER's request, at mutually agreeable times and places, for the general purpose of
consultation and advisement as to Properties' operating plans for the balance of the fiscal year and all other material aspects
of Properties' performance, including without limitation, operations and management of all material policies and procedures affecting
all material phases of the conduct of business at the Properties. MANAGER shall consult with and seek advice from OWNER prior to
MANAGER effectuating any policies or procedures.

 

 

 

[Remainder
of Page Intentionally Left Blank; Signature Page Follows]

 

 

 

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement the date and year first above written.

 

	"OWNER"	 	"MANAGER"
	 	 	 	 	 
	THE INTERGROUP CORPORATION	 	DELTA ALLIANCE CAPITAL MANAGEMENT, LLC, a California limited liability company
	 	 	 	 	 
	By:	 /s/ John V. Winfield	 	By:	/s/ Paul Perkins
	 	John
        V. Winfield	 	 	Paul
        Perkins
	 	President
        and Chairman	 	 	Chief
        Investment Officer

 

    	 

    	 

    

  

EXHIBIT
A

 

DESCRIPTION
OF PROPERTIES

 

California Multifamily
and Residential

 

	11361 Ovada, Bel Air, CA  	7	units
	11371 Ovada, Bel Air, CA 	4	units
	11650 Bellagio, Bel Air, CA 	1	units
	11678 Bellagio, Bel Air, CA	1	units
	11680 Bellagio, Bel Air, CA	4	units
	15 Outrigger Street, Mariposa, CA	9	units
	2301 Roscomare, Bel Air, CA	30	units
	633 Ocean, Santa Monica, CA	31	units
	636 Acanto, Bel Air, CA 	8	units
	801 26th, Santa Monica, CA	12	units
	850 Moraga, Bel Air, CA  	9	units
	855 Moraga, Bel Air, CA	14	units
	614 Acanto, Bel Air, CA	2	units
	821 3rd Street, Santa Monica, CA	27	units
	 	 	 
	Total	159	

  

California Commercial

 

	600 N. Sepulveda, Bel Air, CA	5,886 sq ft. Office
	820 Moraga, Bel Air, CA	5,500 sq. ft. Office

  

Out of State Multifamily

 

	Property	Address	City	St	Units
	 	 	 	 	 
	Villas at Beaver Creek 	1000 Meadow Creek Dr.  	Irving	TX	358
	Capitol Village	6855 U.S. 290	Austin  	TX	249
	Cross Keys	3209 Cross Keys Dr #2	Florissant	MO	264
	Meadowbrook	3579 Us Highway 46	Parsippany	NJ	151
	Pine Lake	101 Pinehurst Dr.	Florence	KY	157Exhibit 10.5

 

 

SECURITIES PURCHASE AGREEMENT

 

This Securities Purchase
Agreement (this “Agreement”), effective as of April 16, 2013, is made and entered into by and between Global Eagle
Acquisition Corp. II, a Delaware corporation (the “Company”), and each of the parties set forth on the signature page
hereto under “Buyers” (“Buyers”).

 

RECITALS:

 

WHEREAS, the
Buyers wish to purchase from the Company an aggregate of 10,000,000 shares of the Company’s Common Stock (as defined below)
(the “Shares”); and

 

WHEREAS, the
Buyers wish to purchase the Shares from the Company and the Company wishes to sell the Shares to the Buyers on the terms and subject
to the conditions set forth in this Agreement.

 

AGREEMENT:

 

NOW, THEREFORE,
in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other
good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree
as follows:

 

ARTICLE I.

DEFINITIONS

 

The terms defined in
this Article I shall have for all purposes of this Agreement the respective meanings set forth below:

 

“Agreement”
shall have the meaning set forth in the preamble to this Agreement.

 

“Buyers”
shall have the meaning set forth in the preamble to this Agreement.

 

“Closing”
shall have the meaning set forth in Section 2.3 of this Agreement.

 

“Closing Date”
shall have the meaning set forth in Section 2.3 of this Agreement.

 

“Common Stock”
shall mean the Common Stock, $0.0001 par value per share, of the Company.

 

“Company”
shall have the meaning set forth in the preamble to this Agreement.

 

“Consent”
means any consent, approval, notification, waiver, or other similar action that is necessary or convenient.

 

“Governmental
Body” shall mean any legislature, agency, bureau, branch, department, division, commission, court, tribunal or other similar
recognized organization or body of any federal, state, county, municipal, local or foreign government or other similar recognized
organization or body exercising similar powers or authority.

 

    	 

    	 

    

 

“Law” shall
mean any law (statutory, common or otherwise), constitution, ordinance, rule, regulation, executive order or other similar authority
enacted, adopted, promulgated or applied by any Governmental Body.

 

“Lien”
shall mean a mortgage, deed of trust, pledge, hypothecation, assignment, encumbrance, charge, restriction, lien (statutory or otherwise,
including, without limitation, any lien for taxes), security interest, preference, participation interest, priority or security
agreement or preferential arrangement of any kind or nature whatsoever, including, without limitation, any conditional sale or
other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and
the filing of any document under the law of any applicable jurisdiction to evidence any of the foregoing, other than (i) statutory,
mechanics’ or other Liens incurred in the Company’s ordinary course of business or (ii) Liens for taxes incurred
but not yet due.

 

“Order”
shall mean an order, ruling, decision, award, judgment, injunction or other similar determination or finding by, before or under
the supervision of any Governmental Body or arbitrator.

 

“Permit”
shall mean a permit, license, certificate, waiver, notice or similar authorization to which a Buyer is a party or by which such
Buyer is bound or any of its assets are subject.

 

“Purchase Price”
shall have the meaning set forth in Section 2.2 of this Agreement.

 

“SEC” shall
mean the United States Securities and Exchange Commission.

 

“Securities Act”
shall mean the United States Securities Act of 1933, as amended, or any successor federal statute, and the applicable rules and
regulations promulgated and in effect from time to time thereunder.

 

“Shares”
shall have the meaning set forth in the recitals to this Agreement.

 

ARTICLE II

PURCHASE OF THE SHARES

 

Section 2.1 Purchase
and Sale of the Shares. Subject to the terms and conditions hereof and in reliance upon the representations and warranties
of the parties contained or incorporated by reference herein, simultaneous with the execution hereof, the Company shall sell and
deliver to the Buyers, and the Buyers shall purchase from the Company, the Shares set forth opposite such Buyer’s name on
Exhibit A to this Agreement, in consideration of the payment of the Purchase Price noted herein.

 

Section 2.2 Purchase
Price. As payment in full for the Shares being purchased under this Agreement and against delivery of the certificates therefor,
simultaneous with the execution hereof, the Buyers shall pay the amounts set forth opposite such Buyer’s name on Exhibit
A to this Agreement, to the Company by wire transfer ($1,000 of which, in the aggregate, shall be purchase price and $24,000
of which, in the aggregate, shall be additional paid-in capital) of immediately available funds or by such other method as may
be reasonably acceptable to the Company (the “Purchase Price”).

 

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Section 2.3 Closing.
The closing of the purchase and sale of the Shares (the “Closing”) shall be held on the date of this Agreement (“Closing
Date”) at the offices of McDermott Will & Emery LLP, 340 Madison Avenue, New York, New York 10173, or such other place
as may be agreed upon by the parties hereto.

 

Section 2.4 Closing
Deliveries. All actions taken at the Closing shall be deemed to have been taken simultaneously.

 

(a) Buyer Deliveries.
At the Closing the Buyers shall deliver to the Company the Purchase Price.

 

(b) Company Deliveries.
At the Closing, or within a reasonable time after the Closing but in no event later than thirty (30) days after Closing, the Company
shall deliver to the Buyers the certificates representing the Shares.

 

Section 2.5 Further
Assurances. The parties hereto shall execute and deliver such additional documents and take such additional actions as any
party reasonably may deem to be practical and necessary in order to consummate the transactions contemplated by this Agreement.

 

Section 2.6 Legend.
Each certificate evidencing the Shares and each certificate issued in exchange for or upon the transfer of any Shares shall be
stamped or otherwise imprinted with a legend in substantially the following form:

 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

“THE SECURITIES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET FORTH IN THE LETTER AGREEMENT BY AND BETWEEN THE COMPANY AND
THE SPONSOR.  COPIES OF SUCH AGREEMENT MAY BE OBTAINED FROM THE COMPANY AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS
WITHOUT CHARGE.”

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE BUYER

 

Each Buyer represents
and warrants solely as to such Buyer that the statements contained in this ARTICLE III are correct and complete as of the
date of this Agreement.

 

Section 3.1 Organization
and Good Standing. If such Buyer is not an individual, such Buyer is a limited liability company duly organized, validly existing,
and in good standing under the laws of the state of Delaware.

 

Section 3.2 Power
and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of such Buyer, enforceable
against such Buyer in accordance with its terms. Such Buyer has full entity power and authority to execute and deliver this Agreement
and to perform its obligations hereunder. Such Buyer has taken all actions necessary to authorize the execution and delivery of
this Agreement, the performance of its obligations hereunder and the consummation of the transactions contemplated hereby. This
Agreement has been duly authorized, executed and delivered by, and is enforceable against, such Buyer.

 

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Section 3.3 Investment
Representations.

 

(a) Such Buyer
is an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act.

 

(b) Such Buyer
has received, has thoroughly read, is familiar with and understands the contents of this Agreement.

 

(c) Such Buyer
hereby acknowledges that an investment in the Shares involves certain significant risks. Such Buyer acknowledges that there is
a substantial risk that it will lose all or a portion of its investment and that it is financially capable of bearing the risk
of such investment for an indefinite period of time. Such Buyer has no need for liquidity in its investment in the Shares for the
foreseeable future and is able to bear the risk of that investment for an indefinite period. Such Buyer understands that there
presently is no public market for the Shares and none is anticipated to develop in the foreseeable future. Such Buyer’s present
financial condition is such that such Buyer is under no present or contemplated future need to dispose of any portion of the Shares
subscribed for hereby to satisfy any existing or contemplated undertaking, need or indebtedness. Such Buyer’s overall commitment
to investments which are not readily marketable is not disproportionate to its net worth and the investment in the Company will
not cause such overall commitment to become excessive.

 

(d) Such Buyer
acknowledges that the Shares have not been and will not be registered under the Securities Act, or any state securities act, and
are being sold on the basis of exemptions from registration under the Securities Act and applicable state securities acts, except
those state securities acts that require registration of the Shares thereunder. Reliance on such exemptions, where applicable,
is predicated in part on the accuracy of such Buyer’s representations and warranties set forth herein. Such Buyer acknowledges
and hereby agrees that the Shares will not be transferable under any circumstances unless such Buyer either registers the Shares
in accordance with federal and state securities laws or finds and complies with an available exemption under such laws. Accordingly,
such Buyer hereby acknowledges that there can be no assurance that it will be able to liquidate its investment in the Company.

 

(e) There are
substantial risk factors pertaining to an investment in the Company. Such Buyer acknowledges that it has read the information set
forth above regarding certain of such risks and is familiar with the nature and scope of all such risks, including, without limitation,
risks arising from the fact that the Company is an entity with limited operating history and financial resources; and such Buyer
is fully able to bear the economic risks of such investment for an indefinite period, and can afford a complete loss thereof.

 

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(f) Such Buyer
has been given the opportunity to (i) ask questions of and receive answers from the Company and its designated representatives
concerning the terms and conditions of the offering, the Company and the business and financial condition of the Company and (ii) obtain
any additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to
assist such Buyer in evaluating the advisability of the purchase of the Shares and an investment in the Company. Such Buyer further
represents and warrants that, prior to signing this Agreement, it has asked such questions, received such answers and obtained
such information as it has deemed necessary or advisable to evaluate the merits and risks of the purchase of the Shares and an
investment in the Company. Such Buyer is not relying on any oral representation made by any person as to the Company or its operations,
financial condition or prospects.

 

(g) Such Buyer
understands that no federal, state or other governmental authority has made any recommendation, findings or determination relating
to the merits of an investment in the Company.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

Section 4.1 Organization
and Good Standing. The Company is a corporation duly organized, validly existing, and in good standing under the laws of the
State of Delaware.

 

Section 4.2 Power
and Authority; Enforceability. This Agreement constitutes the legal, valid, and binding obligation of the Company, enforceable
against the Company in accordance with its terms. The Company has full power and authority to execute and deliver this Agreement
and to perform its obligations hereunder. The Company has taken all actions necessary to authorize the execution and delivery of
this Agreement, the performance of its obligations hereunder, and the consummation of the transactions contemplated hereby. This
Agreement has been duly authorized, executed, and delivered by, and is enforceable against, the Company.

 

Section 4.3 No
Violation; Necessary Approvals. Neither the execution and delivery of this Agreement by the Company, nor the consummation or
performance by the Company of any of transactions contemplated hereby, will: (a) with or without notice or lapse of time,
constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance
of any obligation required under any Law, Order, contract or Permit to which the Company is a party or by which it is bound or
any of its assets are subject, or any provision of the Company’s organizational documents as in effect on the Closing Date,
(b) result in the imposition of any lien, claim or encumbrance upon any assets owned by the Company; (c) require any
Consent under any contract or organizational document to which the Company is a party or by which it is bound; or (d) require
any Permit under any Law or Order other than (i) required filings, if any, with the SEC and (ii) notifications or other
filings with state or federal regulatory agencies after the Closing that are necessary or convenient and do not require approval
of the agency as a condition to the validity of the transactions contemplated hereunder; or (e) trigger any rights of first
refusal, preferential purchase or similar rights with respect to any of the Shares.

 

Section 4.4 Authorization
of the Shares. The Shares have been duly authorized and, when issued in accordance with this Agreement, the Shares will be
duly and validly issued, fully paid and non-assessable shares of Common Stock and will be free and clear of all Liens and claims,
other than restrictions on transfer imposed by the Securities Act and applicable state securities laws.

 

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ARTICLE V

MISCELLANEOUS

 

Section 5.1 Entire
Agreement. This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant
hereto, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes
all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate
in any way to the subject matter hereof or the transactions contemplated hereby.

 

Section 5.2 Successors.
All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure
to the benefit of and are enforceable by, the parties hereto and their respective successors.

 

Section 5.3 Assignments.
Except as otherwise provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations
hereunder without the prior written approval of the other parties. Any purported assignment in violation of this Section 5.3
shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

 

Section 5.4 Waiver
of Jury Trial. THE PARTIES HERETO EACH HEREBY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO JURY TRIAL OF ANY DISPUTE BASED UPON
OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS RELATING HERETO OR ANY DEALINGS AMONG THEM RELATING TO THE TRANSACTIONS.
THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL ENCOMPASSING OF ANY AND ALL ACTIONS THAT MAY BE FILED IN ANY COURT AND THAT RELATE
TO THE SUBJECT MATTER OF THE TRANSACTIONS, INCLUDING, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON
LAW AND STATUTORY CLAIMS. THE PARTIES HERETO EACH ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS
RELATIONSHIP AND THAT THEY WILL CONTINUE TO RELY ON THE WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER REPRESENTS
AND WARRANTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL
RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. IN THE EVENT OF AN ACTION, THIS AGREEMENT
MAY BE FILED AS A WRITTEN CONSENT TO TRIAL BY A COURT.

 

Section 5.5 Counterparts.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together
will constitute one and the same instrument.

 

    	6

    	 

    

  

Section 5.6 Headings.
The article and section headings contained in this Agreement are inserted for convenience only and will not affect in any way the
meaning or interpretation of this Agreement.

 

Section 5.7 Governing
Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties (whether grounded
in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the
laws of the State of Delaware, without giving effect to its choice of laws principles.

 

Section 5.8 Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by
all parties hereto.

 

Section 5.9 Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect
the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to
any party hereto or to any circumstance, is adjudged by a Governmental Body, arbitrator, or mediator not to be enforceable in accordance
with its terms, the parties hereto agree that the Governmental Body, arbitrator, or mediator making such determination will have
the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific
words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

Section 5.10 Expenses.
Except as otherwise expressly provided in this Agreement, each party hereto will bear its own costs and expenses incurred in connection
with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby,
including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants.

 

Section 5.11 Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement.
Any reference to any federal, state, local, or foreign Law will be deemed also to refer to Law as amended and all rules and regulations
promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,”
and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine,
feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to
include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,”
“hereof,” “hereby,” “hereunder,” and words of similar import refer to
this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each
representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty
or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has
not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty,
or covenant.

 

    	7

    	 

    

  

Section 5.12 Waiver.
No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional
or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder
or affect in any way any rights arising because of any prior or subsequent occurrence.

 

[Signature page follows]

 

    	8

    	 

    

 

IN WITNESS WHEREOF, the undersigned
have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	GLOBAL EAGLE ACQUISITION CORP. II
	 	 	 
	 	By:	/s/ James A. Graf
	 	 	Name: James A. Graf
	 	 	Title: Vice President
	 	 	 
	 	BUYERS:
	 	 
	 	GLOBAL EAGLE ACQUISITION LLC
	 	 	 
	 	By:	/s/ James A. Graf
	 	 	Name: James A. Graf
	 	 	Title: Vice President
	 	 	 
	 	/s/ Dennis A. Miller
	 	Dennis A. Miller

 

[Signature
Page to Securities Purchase Agreement]

 

    	 

    	 

    

 

Exhibit A

 

	Name	 	Number of Shares	 	 	Purchase Price	 
	Global Eagle Acquisition LLC	 	 	9,500,000	 	 	$	23,750	 
	Dennis Miller	 	 	500,000	 	 	$	1,250

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