Document:

Exhibit 10.31

 

Contract Number: SHHL 2021-BG10002

 

3D Animation Works Production Service Framework
Agreement

 

 

dated

August 20, 2021

 

 

by and among

Shanghai Huijie Culture Communication Co., Ltd.

Shanghai Hui Zhi Ren Cultural & Creative Co.,
Ltd.

 

signed in

Yangpu District, Shanghai

People’s Republic of China

  

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Party
A: Shanghai Huijie Culture Communication Co., Ltd. 

Address: 18/F, Building A, Chuangzhi International,
No. 657 Songhu Road, Yangpu District, Shanghai 

Contact Person: Huang Tingyu

 

Party
B: Shanghai Hui Zhi Ren Cultural & Creative Co., Ltd. (together with Party A, the “Parties” and
each a “Party”) 

Legal Representative: Qu Xiaodan 

Address: Building D3, No.718 Lingshi Road, Jing'An
District, Shanghai 

Contact Person: Gao Xiang

 

WITNESETH:

 

Party A is an animation, film and television operating
entity, which is incorporated in the People's Republic of China, with strong animation production and project development capacity, and
abundant experience in and necessary licenses and permits for the production, development, marketing, publishing, business cooperation
of animation and TV dramas, and the development and distribution of merchandise based on animation and TV dramas.

 

Party B is an entertainment industry operating
entity incorporated in the People's Republic of China, possessing the technology, qualification of and experience in animation production,
and capable of providing high-quality animation production services.

 

NOW,
THEREFORE, in accordance with the provisions of the Civil Code of the People's Republic of China and other relevant laws and
regulations, with thorough and friendly negotiation and on the principle of equality and mutual benefits, regarding Party A engaging Party
B to provide 3D animation works production services, the parties accordingly agree as follows:

 

Chapter I 

Definitions

 

Article 1
The following terms used in this 3D Animation Works Production Service Framework Agreement (hereinafter referred to as the
 "Agreement") shall be interpreted in accordance with the definitions set forth below, unless otherwise provided in other articles
of this Agreement:

 

		1.	Related Party Relationship: shall mean the relationship between an entity with its controlling shareholder,
ultimate controlling person, directors, supervisor, senior manager, and any entity directly or indirectly controlled by the above controlling
shareholder, ultimate controlling person, directors, supervisor and senior management, as well as other relationships that may lead to
the transfer of the entity’s interests.

 

		2.	Party A's Affiliates: shall mean any entities with Related Party Relationship, notified to Party B by
Party A in writing, which could be amended by Party A from time to time.

 

		3.	Animated Drama Works: shall mean audio-visual works with literary and artistic originality produced through
the creative activities of creators and composed of continuous playing of many frames of still pictures, hereinafter referred to as "Animated
Works".

 

		4.	Copyright: shall mean the personal and property rights given to the authors of Animation Works and their
related subjects in relation to their original works, performances, audio and video recordings, etc. as stipulated in the Copyright
Law of the People's Republic of China and the relevant judicial interpretations.

 

		5.	Intellectual Property Rights: shall mean the personal rights, property rights and other exclusive rights
enjoyed by the right holder in respect of the intellectual work products created and the marks and reputations in the business activities,
including but not limited to copyright, trademark rights, patent rights, etc.

 

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		6.	Storyboard: means the graphic illustration displayed in sequence for the purpose of pre-visualizing comics
and animation works before actual production.

 

		7.	Setting: means the process of designing the characters, props and scenes of the Animation Works by the
creator during the production process.

 

		8.	Modelling: means the process of creating the models of animation characters and scenes in three-dimensional,
or 3D, modelling software according to concept modelling design.

 

		9.	Rigging: means the process that a rigger, after modelling, analyzing the motion structure of a character,
formulating the rigging plan, learning about the skeleton, system transformation (including but not limited to IK/FK switch) and other
preliminary preparations, adds the skeleton to the model, creates rigging controller, assigns skeleton weighting properly, so that an
animator can continue to produce 3D animation works using the rigging controller.

 

		10.	Color Setting: means the process of creating a color palette according to the production requirements
of the animation works and specifies the correct color for all objects in each original painting.

 

		11.	Texture: means the texture of the materials used in the process of creating 3D animation works. To be
more specific, texture is the surface characteristics that the animation creator gives to the animation model, which are reflected the
model's color, transparency, reflectivity, reflective intensity, spontaneous light and roughness.

 

		12.	Texture Mapping: means the process that the creator applies two-dimensional pictures to 3D models in 3D
modelling software to form the surface details and structure of the 3D models.

 

		13.	Layout: means the preliminary design on the composition, action and camera movement of the characters
and scenes according to the storyboard in the process of creating 3D animation works.

 

		14.	Animation: means the process of producing complete and smooth actions according to the Storyboard and
Layout with the prepared models and scenes in 3D animation production software.

 

		15.	Lighting: means the process of a lighting artist illuminates the animation scenes, adjusts the textures,
and determine the atmosphere of rendering for each shot, based on the art style determined in concept design stage.

 

		16.	Rendering: means the process that the animation creator creates a complete picture or motion pictures
in certain computer program based on the setting of the animation scene, the texture and mapping of models and lighting.

 

		17.	Special Effects: means the special techniques and methods used to create the final visual effects (including
but not limited to using 3D production software to simulate the natural environment, hair and cloth making, and realize special visual
needs based on the plot) when traditional production techniques are present the characters, scenes and plots. This usually happens in
the process of 3D production or post-production

 

		18.	Compositing: means combining all the lighting, rendering and special effects done in earlier process to
output the final animation works.

 

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		19.	Deliverable: means all tangible and intangible products produced by Party B in accordance with the performance
of this Agreement hereunder, including but not limited to the final delivery of animation works (including the accepted products of each
process in the production stage), materials (including but not limited to sub-scripts, animators, soup scene drawings, prop setting, story
board design, illustration, animation shots, audio and video products, etc.) and the contents not ultimately delivered to Party A.

 

		20.	Reference material: means the original works, documents and other relevant materials necessary for the
production of the Animation Works under this Agreement.

 

		21.	Written Document: means non-electronic and electronic documents (such as e-mails) which objectively confirm
the producer message related to the date of production and/or the date of dispatch and delivery.

 

Chapter 2 

Animation Production Orders

 

Article 2
Under this Agreement, the scope of production services to be provided by Party B includes but is not limited to: scripts, shooting scripts,
director, producer, character setting, scene setting, props setting, storyboard, modeling, texture, texture mapping, layout, animation,
rigging, special effects, lighting rendering, compositing and editing. Detailed scope of services will be agreed by Parties in Animation
Production Orders.

 

Article 3
During the Term of this Agreement, Party A has the right to inform Party B its animation works production requirements (including but
not limited to the title of the animation works, number of episodes and duration, delivery date and format, production and quality specification)
by sending an Animation Production Order Party B. Party B shall provide animation production services based on Party A’s requests
and the terms and conditions of this Agreement.

 

Article 4
Upon the delivery of an Animation Production Order by Party A to Party B, the terms and conditions of this Agreement and the
contents agreed in the Animation Production Order shall be deemed confirmed and unconditionally accepted by Party B. Party B shall provide
animation production services in accordance with this Agreement and the requirements of the Animation Production Order.

 

Article 5
This Agreement is a framework agreement. During the Term of this Agreement, any Animation Production Order sent by Party A to Party B
hereof are bound by this Agreement. The Parties do not need to sign any separate agreement for the production services related to any
specific animation works, unless otherwise agreed by the Parties in writing.

 

Article 6
The following special term is agreed by the Parties: Upon the execution of this Agreement, unless otherwise agreed in this
Agreement, Party A's Affiliates shall have all the rights and assume all the obligations of Party A hereunder, and may place Animation
Production Orders for production of animation works (hereinafter referred to as "Affiliated Party Orders") to Party B in accordance
with this Agreement. Party A’s Affiliates forms a separate service agreement with Party B based on the Animation Production Orders
placed. Party A assumes no responsibility nor guarantees no responsibility for Party A’s Affiliates for the separate service agreement.
The specific scope of Party A's Affiliates shall be subject to Party A's interpretation.

 

Chapter 3 

Term

 

Article 7
The term of this Agreement is three years, commencing on August 20, 2021 and expiring on August 19, 2024 (the “Term”).
The Term is subject to earlier termination or extension upon mutual agreement of both Parties, provided that separate written agreement
shall be entered into by both Parties.

 

Article 8
The effective period of all Animation Production Orders placed within the Term shall be separately specified in Animation Production Orders.
The termination, suspension and expiration of this Agreement shall not affect the effective period of Animation Production Orders in execution
(including but not limited to Animation Production Orders confirmed by Party B).

 

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Chapter 4 

Production Fees and Payment

 

Article 9
The unit price and total consideration for the production services for specific animation works projects (hereinafter referred to as "Production
Fees") shall be set forth in the related Animation Production Order.

 

Article 10
Both Parties agree that the Production Fees under this Agreement shall be paid in the following manners:

 

		1.	In principle, Party B shall be responsible for the excess of production costs exceeding the Production
Fees. When Party A materially change its production requirements, the Parties shall negotiate thoroughly on the increase of Production
Fees. Party B shall notify Party A in writing of the over budget matters, proposed increase of Production Fees and how it is going to
be spent for the subject animation production services, in ten days prior to the actual occurrence of the over budget event. The Parties
shall further negotiate the amendment of the Production Fees.

 

		2.	Party B shall provide Party A with a settlement application (hereinafter referred to as “Settlement
Application”) to request payment of Production Fees for the Animation Production Order under which Party B delivers all deliverables
and receives written acceptance from Party A. If the quantity of deliverables that Party B actually produced (including but not limited
to concept design, character setting, storyboard, composition, original arts, review and supervision, animation and coloring) exceeds
the agreed quantity of the Animation Production Order, Party B shall furnish the Settlement Application only after having Party A's written
consent, review, approval and acceptance in writing. Upon confirmation of the Settlement Application by both Parties, Party B shall issue
to Party A a legal and valid value added tax special invoice at the tax rate of 6%, and Party A shall make payment of such Production
Fees to Party B on or before the 25th day of the month following the receipt of the invoice. Party A shall have the right to refuse to
make payment and assumes no liability for breach of contract if Party B fails to provide such invoice satisfactory to Party A's requests.

 

		3.	The Production Fees in Settlement Applications represents is all the amount that Party A shall pay to
Party B based on this Agreement and Animation Production Orders (including but not limited to the remuneration of production personnel,
director, equipment and all other expenses incurred by Party B to complete the production work assigned by Party A). Party A is not required
to make any other payment to Party B, other than Production Fees.

 

		4.	The settlement of Production Fees under Animation Production Orders could either be on a stand-alone order
basis pursuant to Paragraph 2 of this article, or on a monthly aggregated basis, subject to the specific provisions in the Animation Production
Orders or otherwise agreed by the Parties.

 

		5.	Each Party shall be solely responsible for all taxes and administrative fees payable with respect to such
Party’s own income under this Agreement according to applicable laws.

 

		6.	If there is any inconsistency in the payment method between terms in this Agreement and the Animation
Production Order, the Animation Production Order shall prevail.

 

Article 11
Once Party B completes the production for Affiliated Party Orders and receives the written acceptance by Party A's affiliates,
that Party A’s Affiliate shall notify Party B of the value added tax invoicing information in writing before payment. The invoicing
and payment process shall be consistent with the provisions of Article 10 hereof.

 

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Article 12
After Party B delivers all the deliverables that are accepted by Party A or Party A’s Affiliates with no further modification needed,
and valid value added tax special invoices that meet Party A’s requirements, Party A or Party A's Affiliates shall make payment
of the Production Fees, in accordance with this Agreement and the Animation Production orders, to the following bank account designated
by Party B as follows:

 

Bank: China Merchants Bank Co., Ltd., Shanghai
Daning Sub-branch 

Account Name: Shanghai Hui Zhi Ren Cultural Creative
Co., Ltd. 

Account Number: 1219342525106011

 

Article 13
If Party B intends to change its designated bank account, it shall notify Party A in writing seven (7) working days in advance. Otherwise,
Party B shall be solely responsible for all payment delay or other problems as a result of Party B's failure to timely notify Party A
in writing within the aforementioned timeframe.

 

Chapter 5 

Delivery and Acceptance

 

Article 14
Party B shall deliver to Party A the deliverables that are accepted by Party A within the specified delivery deadline in Animation Production
Orders.

 

Article 15
Once Party A determines no further modifications are required for the edited animation works, Party B shall immediately provide Party
A with the following materials for Party A’s acceptance in a delivery method designated by Party A:

 

		1.	Settings (including line art and color line art of characters, scenes and props);
		2.	Storyboard (including paper storyboard and animatics);
		3.	3D Layout;
		4.	Model files (including rigged character, scenes, props and other files containing the final texture mapping);
		5.	Animated shots;
		6.	Lighting, special effects, rendering, and compositing;
		7.	Documents and pictures (including but not limited to psd, mari, Substance Painter, EXR, PNG and other
formats, subject to Party A's requirements);
		8.	Video file of 3D animation works: MOV format video (resolution and frame shall be subject to Party A's
requirements);
		9.	Other materials required by Party A (the specific materials shall be subject to the animation acceptance
material list provided by Party A in Annex II).

 

Article 16
Party A shall provide written acceptance report when the deliverables delivered by Party B are accepted by Party A; if the deliverables
fail to be accepted by Party A, Party A shall have the right to require Party B to make modifications. Party B shall make modifications
in strict accordance with the requirements of Party A until the deliverables are ultimately accepted by Party A. However, such iterations
by Party B shall not exceed two times for each Animation Production Order. In case that Party B triggers three or even more rounds of
modifications due to Party B’s reasons (including but not limited to quality issue), Party A shall have the right to unilaterally
terminate this Agreement without liability. In the meanwhile, Party A reserves the right to hold Party B liable for breach of contract.

 

Article 17
Party B shall return, delete or destroy Party A's materials as required by Party A upon delivery of the deliverables accepted by Party
A or upon termination of this Agreement (regardless of the reasons for termination of this Agreement).Without the prior consent of Party
A, Party B shall not retain any copies.

 

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Chapter 6 

Rights and Obligations of the Parties

 

Article 18
Party A has the right to designate specific staff/team of Party B to be responsible for the production of Party A's animation works under
Animation Production Orders. Without prior written consent of Party A, Party B shall not change the staff/team of animation works designated
by Party A. Even if Party B changes the animation production staff/team with Party A's written consent, Party B shall be liable for any
loss caused to Party A due to the change of staff/team.

 

Article 19
Party A shall furnish Party B with the materials necessary for the production of animation works in a timely manner in according to the
terms of this Agreement and the requirements in Animation Production Orders. Party A shall, in accordance with this Agreement and Animation
Production Orders, make payment of Production Fees, provided that Party B strictly abide by this Agreement and fulfill its obligations
under Animation Production Orders. If the timeframe is extended due to various factors such as confirmation, Party A shall have the right
to renegotiate the deadline to complete the production of animation works with Party B. If Party B fails to complete the production of
animation works on time or fails to deliver the complete finished animation works on time due to Party A's own reasons or force majeure,
Party B may delay the delivery accordingly upon obtaining Party A's written confirmation.

 

Article 20
Party A shall pay Party B on time and in full on the premise that Party B does not breach any contract. If Party B fails to do so If Party
B fails to deliver the animation works and materials within the time limit stipulated in the Animation Production Order, or the delivered
animation works and materials fail to meet the requirements of this Agreement and Party A, or fails to deliver qualified invoices within
the time limit stipulated in the Animation Production Order, Party A shall have the right to suspend or postpone the payment upon written
notice, and Party A shall not be liable for breach of contract.

 

Article 21
Party A shall have the right to require Party B to inform Party B of the production status and progress of the animation works in writing
or via email on a regular basis, and Party B shall, in accordance with the principle of honesty and credibility, truthfully reply. Party
A may assign on-site personnel to monitor and facilitate the production progress of the animation works, may supervise the work of Party
B, and shall have the sole discretion of ultimate review and approval to the extent of the review and approval standards agreed in this
Agreement and its Annex (including but not limited to the content and technical aspects of the animation works). Party B shall respect
Party A's rights hereof and fully cooperate.

 

Article 22
Party A shall have the right to supervise and inspect Party B's work and provide suggestions, to request involved staff/team of Party
B (including but not limited to producers, directors, scriptwriters, storyboard directors, original artists, supervisors) to provide services
based on Party A’s requirements, and to urge Party B to replace staff not suitable for certain animation works. Party B shall cooperate
in good faith regarding Party A’s right hereof. If Party A’s requirements proposed during the production stage are inconsistent
with Animation Production Orders, the Parties shall negotiate to resolve; in the case no agreement can be reached regarding such inconsistency,
Party A shall decide in its discretion.

 

Article 23
For all works completed by Party B under this Agreement and its related Animation Production Orders (hereinafter referred to
as the “Works"), Party A may decide to participate in any competition (including but not limited to applying for or participating
in relevant awards and competitions at home and abroad) or apply for government awards and subsidies at its own discretion. All the costs
of the competition and application shall only be borne by Party A; and any honor (including but not limited to trophies, certificates,
awards), and material rewards or income obtained shall solely be owned by Party A. Party A may invite Party B's representatives to attend
the award ceremony where it sees fit, and the claims of expenses (including but not limited to round-trip travel expenses and hotel) arising
therefrom shall be mutually agreed.

 

Article 24
Party A and its affiliates may use the names, stage names or portraits of Party B and the staff to market the Works online or offline.
The subject staff shall not claim any rights against Party A and its affiliates for any reason; otherwise, Party B shall bear all adverse
consequences resulting therefrom, and indemnify Party A for its loss. However, Party A shall timely notify Party B of such marketing and
promotion activities.

 

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Article 25
During the production period, Party A and its affiliates may carry out relevant marketing and promotion activities of the Works
(in forms including but not limited to featurettes, VCR and live broadcasting), which Party B shall provide cooperation and assistance,
provided that Party B confirms the production status is not adversely affected.

 

Article 26
Party B makes the warranty to Party A that it has all the permits, registrations, filings, licenses and approvals issued by relevant regulatory
authorities necessary to enter into this Agreement, and to carry out its obligations hereunder and any subsequent Animation Production
Orders. Party B has the qualifications to carry out the Works in this Agreement and any subsequent Animation Production Orders. Performance
of this Agreement by Party B does not violate any existing laws and regulations, rules and the undertakings it has committed under
this Agreement. If Party B violates any of the above warranties, Party A may unilaterally terminate this Agreement and claim Party B to
indemnify all losses caused thereby.

 

Article 27
Party B shall be solely responsible for preparing all the software, hardware tools and materials necessary to carry out its obligations
under this Agreement and subsequent Animation Production Orders. During the preparation and production of animation works, Party B may
enter into any contracts in terms of production, lease and services in its own name, provided that such contracts shall not contravene
this Agreement and relevant laws and regulations, and Party B shall be solely liable for any disputes arising therefrom. During the production
of animation works, Party B shall not carry out any business activities unrelated to the production of any animation works in the name
of Party A’s studio or Party A. For any debts or disputes arising therefrom, Party B shall bear all the liabilities. Without the
prior written consent of Party A, Party B shall not unilaterally carry out any online or offline publicity of the animation works.

 

Article 28
Party B warrants that, without prior written consent of Party A, Party B shall not delegate or subcontract its obligations under this
Agreement and subsequent Animation Production Orders to any third party. If Party B intends to retain subcontractors to work on the Works
under this Agreement and subsequent Animation Production Orders, Party B shall submit a written application to Party A in advance for
the subcontracting matter along with the detailed information of such subcontractor (including but not limited to its introduction, qualifications,
credentials, staff/team to be involved in the Works and their resumes). Only after the written consent of Party A is obtained, Party B
may proceed with the subcontracting. Even if Party B involves subcontractors with Party A's written consent, Party B shall be jointly
and severally liable for all losses of Party A caused by the subcontractors.

 

Article 29
Party B warrants that it owns, or has obtained licenses for, the intellectual property rights used in the production services
under this Agreement and subsequent Animation Production Orders, including but not limited to the materials and technical software. Any
deliverables to Party A, including but not limited to animation works and its materials, will be the result of solely the original work
of Party B, or have the valid authorization from its legally entitled owner with required right of distribution, and will not infringe
the intellectual property rights or other legitimate rights and interests of any third party, otherwise Party A may immediately terminate
this Agreement and claim for indemnification against all the losses caused thereby.

 

Article 30
Party B warrants that all its staff involved in the animation works (including but not limited to the directors, scriptwriters,
supervisors, producers, the same below) will undertake in writing (or agreed in their employment contracts signed with Party B), during
the period commencing on the date of engaging in the production of the Works and ending on two years following the full release of the
Works, staff shall abide by the laws, regulations and policy requirements of China in all aspects, and respect the history, culture, society,
life, religion and national habits of China. If the misconduct of the staff of Party B causes damage to the reputation and public image
of their personal, the Works and Party A, or adversely affects the normal production, publicity and distribution of the Works (including
but not limited to affecting the production, publicity and distribution cycle, cost and expected revenue of animation works), Party B
shall indemnify Party A and/or its affiliates for all economic, reputational and other losses incurred therefrom. Meanwhile, Party B shall
not neglect to recover from the relevant cast and crew members.

 

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Article 31
Party B shall ensure that all staff, cast and crew members of the Works do not violate laws and regulations, current and to
be newly enacted rules and provisions of relevant regulatory authorities, regulations on administrative penalties for public security,
nor violate social moral behavior consensus in a serious and material manner (including but not limited to drugs and prostitution). Party
B shall obtain written confirmation of restrictions on such misconduct from all staff, cast and crew member when entering contracts with
them.

 

Article 32
During the filming and production of the Works, Party B shall be the core of the artistic creation of the Works and shall be
responsible and obligation to ensure the high artistic standards of the Works. Party B shall create the Works based on the theme, style,
plot and character setting of the Works mutually confirmed by both Parties. Party B undertakes that the Works shall not contain any political,
detrimental, sexual, violence, vulgar content, not violate public order and good customs. Otherwise, Party B shall bear all losses caused
thereby, and indemnify Party A for any losses caused thereby.

 

Article 33
Party B warrants that if any deliverable provided by Party B according to Animation Production Orders contains deficiency in copyright,
plagiarism, false, illegal, improper contents or any other unreasonable issues that lead to complaints from a third party to Party A (including
but not limited to attorney’s letter claiming Party A’s infringement, lawsuit or arbitration against Party A, reporting to
regulatory authorities against Party A), or adverse public relation crisis against Party A, Party B shall, upon receipt of the notice
from Party A, resolve the aforesaid complaint and/or crisis by itself or directly through negotiation with such third party at its own
cost. If a third party files a lawsuit or arbitration, or Party A is subject to examination or inquiry by regulatory authorities, Party
B shall, upon receipt of Party A's notice, promptly respond to the lawsuit in its own name and bear all costs (including but not limited
to legal costs, arbitration costs, attorney's fees, compensation, notary fees, appraisal fees and audit fees), and compensate to Party
A 200% of the total Production Fees under the subject Animation Production Order as penalty. If such penalty is insufficient to cover
the actual losses suffered by Party A and/or Party A's Affiliates, Party B shall indemnify Party A and/or Party A's Affiliates for all
the actual losses. Party A shall furnish Party B with the proof of its loss, and Party B shall settle in full within three days upon receipt
of such proof.

 

Article 34
Party B shall build up its own technical force to complete the production of the Works in Animation Production Orders issued
by Party A. Party B undertakes to maintain the high artistic standards of the Works and to complete the production of the Works in quality
and quantity not lower than demo (if any) according to the plan on the story, style and character setting of the Works confirmed by both
Parties in writing. Party B shall also ensure that the quality of the Works meets the standards approved by Party A in writing, and strictly
control the production schedule and ensure the production timetable.

 

Article 35
Each Party shall communicate the following with the contact persons designated by the other Party:

 

		1.	sending Animation Production Orders and Settlement Applications;

 

		2.	approving Animation Production Order and Settlement Applications, or raise objections.

 

Chapter 7 

Intellectual Property

 

Article 36
The copyright and other intellectual property rights of any pictures, manuscripts, samples, illustrations and other relevant
materials provided by Party A to Party B for the purpose of this Agreement shall not change the ownership of such intellectual property
rights, and such intellectual property rights shall remain owned by Party A or a third party approved by Party A. Without the written
consent of Party A, Party B shall not use or permit any third party to use such materials in any matter, or Party A may terminate this
Agreement immediately and seek indemnification from Party B to cover all of its losses caused thereby. Party B shall only use any reference
materials, deliverables and materials provided by Party A for the purpose of production of the Works hereunder. Without the prior written
consent of Party A, Party B shall not disclose, provide to any third party or authorize any other third party to use any relevant reference
materials, deliverables and materials in any way. Without the prior written consent of Party A, Party B shall not use any reference materials,
deliverables and materials in any form for commercial, advertising, publicity and other purposes.

 

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Article 37
Party A shall own all worldwide right, including but not limited to copyright (personal and property right), trademark and other intellectual
property rights, property rights and other relevant rights and interests, in any and all work products including ideas, designs, plans,
work-in-progress and deliverables (including but not limited to any patterns, scripts, character settings, pictures, shots, actions, props
and scenes), regardless of whether or not is accepted by Party A. Meanwhile, Party A shall have the right to defend itself against any
infringement of the work products (including but not limited to exercising such rights by itself or authorized third parties), and Party
A may exercise all such right without restriction. Without the prior written consent of Party A, Party B shall not use, license or transfer
the work products to any third party in any form for any purpose other than this Agreement.

 

Article 38
Party A agrees that Party B and its staff shall have the moral right for their work products according to their duties and responsibilities
in the production process. The moral right shall be subject to Party A's needs and requirements, and Party B and its staff shall not use
the work products for their own purpose nor claim any right (including but not limited to all other intellectual property rights, property
rights and rights to safeguard rights except the moral right) from Party A or any other third party in the Works, materials in the Works,
adapted works and merchandise related to the Works based on such moral right or any other reasons. Otherwise, Party B shall transfer all
the earnings thus obtained to Party A and pay Party A penalty equal to 30% of the total Production Fees of the subject Animation Production
Order. If such penalty is insufficient to make up for Party A's loss, Party A may seek indemnification from Party B on any loss in excess
of the penalty and reserves the right for legal proceedings against Party B.

 

Article 39
Party B warrants that it owns or has obtained proper, paid-up license for the intellectual property rights of materials, technical
software and other materials used in the animation production services. If required by Party A, Party B shall timely submit the proof
of license issued by the relevant licensor to Party A. Party B warrants that any deliverables that it submit to Party A is original created
or legal obtained, with the right to publish, and does not infringe any third party's intellectual property rights or other legitimate
rights; Party A has a worldwide, complete intellectual property rights of the Works with no encumbrance. Otherwise Party A may immediately
terminate this Agreement, and Party B shall indemnify Party A for all losses thus caused to Party A.

 

Article 40
Party B undertakes that the animation works produced by Party B during the performance of this Agreement shall not violate relevant laws
and regulations effective at the time of production, and comply with the requirements for the dissemination and broadcast of animation
works issued and effective at the time of production by the regulatory authorities. Otherwise, Party A may terminate this Agreement and
demand Party B to bear the liability for breach of contract. If the animation works produced by Party B do not comply with the newly effective
policies or requirements for the dissemination and broadcast of animation works issued after the production of the animation works, Party
B shall cooperate to modify the Works until it meets the new requirements.

 

Article 41
When Party B needs to use Party A's corporate name, corporate logo, business logo and trademark for the purpose of providing production
services hereunder, Party B shall obtain Party A's written authorization in advance and use such materials in the same in a manner as
agreed by Party A.

 

Article 42
This chapter shall survive the termination or rescission of this Agreement.

 

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Chapter 8 

Confidentiality

 

Article 43
Each Party hereto warrants that it shall hold in confidence of the confidential information (including but not limited to
documents, materials, data, models, drafts, information, company business plans, operating activities, financial information, technology
information, operational information and human resource arrangements) that is obtained from the other Party however cannot be obtained
from public channels during the negotiation of matters agreed herein and the execution and performance of this Agreement. Upon completion
or termination of this Agreement, the receiving party shall return or destroy any documents, materials or software containing the confidential
information as required by the disclosing party, delete any confidential information from any memory device, and shall not continue to
use such confidential information (including but not limited to its own use or license for others' use).

 

Article 44
Both Parties shall hold in confidence the terms of this Agreement and any trade secrets and other confidential information of the other
Party obtained during the performance of this Agreement, and shall not disclose to any third party relevant information and documents.
Party B shall return, delete or destroy Party A's materials and documents as required by Party A after deliverables are accepted by Party
A or the termination of this Agreement. Besides, in case Party B intends to publish any press release in relation to any Animation Works
produced under this Agreement, Party B shall obtain Party A’s consent and ensure the content of the press releases is satisfactory
to Party A. However, Party B may disclose when required by judicial, audit and regulatory authorities, as well as to certain employees
who are necessary to know in order to perform any work under this Agreement. If either Party violates this confidentiality clause, it
shall indemnify the non-breaching Party, including but not limited to actual losses, litigation costs, attorney's fees, transportation
expenses, etc.

 

Article 45
The confidentiality clause shall not become invalid upon completion of performance or termination of this Agreement, and shall remain
valid until the Confidential information is in fact entered into the public domain through legal channels without infringement or breach
by any Party (including but not limited to the disclosing Party).

 

Article 46
Neither Party shall use any social media platform (including but not limited to Bilibili, Weibo, Wechat subscription account, Wechat moments,
Xiaohongshu, Douyin, Meipai, Miaopai, Baijiahao, various live streaming platforms, QQ Music, Kugou Music, Kuwo Music, NetEase Cloud Music,
Yizhibo, Kuaishou, Facebook and Twitter) to publish any statement that is detrimental to the other Party or may cause any negative doubt
or adverse impression to the goodwill/reputation of the other Party. In case of any breach, the non-breaching party shall have the right
to hold the breaching party legally liable and to require the breaching party to compensate the non-breaching party for all losses suffered
by the non-breaching party.

 

Article 47
This chapter shall survive the termination or rescission of this Agreement.

 

Chapter 9

Notices

 

Article 48
All notices, documents and materials sent or provided by one Party to the other in relation to the performance of this Agreement
shall be delivered by mail or E-mail according to the mailing address and E-mail address set forth in the first paragraph of this Agreement,
unless otherwise agreed in other terms of this Agreement. If Party A's affiliates sends Animation Production Orders to Party B in accordance
with this Agreement, Parties shall confirm in writing the contacts of each Party.

 

Article 49
If either Party changes its address or telephone number, it shall notify the other Party in writing five working days in advance. If it
is mailed, it shall be deemed to have been delivered on the 5th day (whichever is earlier) from the date of actual signature or mailing.
If sent by electronic mail, the mail shall be deemed to have been served from the time it enters the recipient's data message system.

 

    	 	11	 

     

    

 

Chapter 10 

Liability for Breach
of Contract

 

Article 50
Party A shall timely furnish Party B with relevant materials required for creation of the Works in accordance with this Agreement
and the requirements set forth in subsequent Animation Production Orders. If Party B strictly performs its obligations in accordance
with this Agreement, Party A shall make payment of Production Fees to Party B in accordance with this Agreement. If the production schedule
is delayed due to various factors, Party A shall have the right to renegotiate and determine the schedule with Party B. If Party B fails
to deliver complete the production or fails to deliver the Deliverables on time due to Party A's reasons or Force Majeure, Party B may
delay the delivery accordingly with the written consent from Party A.

 

Article 51
Party B acknowledges that delay in the delivery of the Works will have material adverse effects on Party A's revenue from the
utilization and operation of the Works and Party A's goodwill. Therefore, Party B undertakes that it will complete the production of the
Works within the schedule stipulated in the Animation Production Orders with satisfactory quality and quantity of content. In case there
is delay of delivery by Party B due to Party B’s causes, for each day of delay, Party A shall be entitled to demand payment of penalty
from Party B equivalent to five percent of the Production Fees in subject Animation Production Order, and Party A may deduct such penalty
from the remaining Production Fees (if any) of the subject Animation Production Order. If Party B delays the delivery for 15 days, Party
A may demand Party B to return all the Production Fees paid by Party A and terminate this Agreement upon written notice to Party B. Party
A shall have the right not to pay the remaining Production Fees and reserve the right to hold Party B liable for breach of contract. Even
if Party A unilaterally terminates this Agreement, Party B shall still deliver all finished work products and materials to Party A in
accordance with provisions of this Agreement.

 

Article 52
Party B shall, in strict compliance with this Agreement, the requirements set out in Animation Production Order and Party A's instructions
(including but not limited to hardcopy documents and E-mails), render animation production services and provide support and any other
matters specified by Party A. In case of any violation, Party A shall have the right to unilaterally terminate this Agreement upon written
notice. In the meanwhile, Party A may demand Party B of a penalty equal to twice the Production Fees of the Animation Production Orders.
In case that such penalty is insufficient to cover the losses caused by Party A, Party B shall indemnify Party A for all the losses suffered
by Party A, except as otherwise agreed herein.

 

Article 53
If Party B violates the warranties it has given under Article 30, 31 and 32 of this Agreement, Party A may stop the cooperation
with the staff, require Party B replace them with other personnel with similar level, and direct no display of the portrait and name of
the subject staff in the Works, publicity materials or posters. If the Works have been completed, Party A may either demand Party B’s
payment of penalty equal to three times of the total Production Fees for the Animation Production Orders that the subject staff involved
under this Agreement; or demand Party B to assign other staff in similar level for replacement to redo or modify the contents produced
by the subject staff. In such circumstances, if Party B refuses to redo or modify, or such redo or modification may result in delay of
delivery for at least one month, or such redo or modification fails to ensure the continuity of the story, logic, completeness, artistry
and market feedback, or even makes the Works fail to broadcast, Party A shall have the right to unilaterally terminate this Agreement,
and Party B shall, within 3 working days upon receipt of the written notice from Party A, return all the Production Fees paid by Party
A (if any) and make payment of the penalty equal to three times of the total Production Fees in the subject Animation Production Orders
under this Agreement. If such penalty is insufficient to cover the losses thus caused to Party A and/or its affiliates, Party B shall
indemnify Party A for all actual losses. Party A shall provide the proof of the loss to Party B, and Party B shall pay the amount within
15 days upon receipt of the proof.

 

Article 54
Both Parties shall strictly comply with terms and conditions of this Agreement. Failure of each Party to perform or fully perform this
Agreement shall constitute a breach of contract, and the breaching Party shall indemnify the non-breaching Party for all losses suffered
thereby, unless otherwise agreed herein.

 

Article 55
Loss in this Agreement refers to all direct and indirect losses caused by the breaching Party to the non-breaching Party as well as all
reasonable expenses such as fees incurred for arbitration, legal services, notary, forensic, appraisal, audit and travel expenses borne
by the non-breaching Party to settle the dispute.

 

    	 	12	 

     

    

 

Article 56
The Parties confirm the penalty due to breach of contract represents the minimum loss of the non-breaching Party may incur
that both Parties foresee at the execution of this Agreement. When the non-breaching Party claims penalty or compensation for damages
under or equal to the agreed penalty amount, in case that the breaching Party gives up its claim of the penalty or compensation requested
by the non-breaching Party being too high, the non-breaching party shall be exempted from providing proof of actual loss. However, if
the non-breaching party claims that the actual loss suffered by the non-breaching Party is greater than the penalty amount agreed in
this Agreement, the non-breaching Party shall provide proof of its actual loss.

 

Article 57
The payment and/or any other performance of this Agreement by Party A does not constitute the proof that Party B has been in compliance
with terms and conditions of this Agreement during the Term. In case that Party A finds any breach of contract by Party B after the expiry
of the Term or the early termination of this Agreement, Party A shall be entitled claim from Party B for breach of contract based on terms
herein.

 

Chapter 11 

Force Majeure

 

Article 58
For the purposes of this Agreement, "Force Majeure" means any objective circumstance which is unforeseeable, unavoidable and
insurmountable. Force Majeure events including but not limited to, natural disasters, the new law formulated or revised, act of government,
policy requirements, war or warlike hostile behavior, terrorism, civil commotion, riots, blockade, embargo, epidemic, machine failure
caused by force majeure, such as what would meet or exceed any other event the affected Party's reasonable control. Upon the occurrence
of the Force Majeure event, both Parties shall immediately take measures to prevent further losses to the other Party.

 

Article 59
If either Party is unable to perform this Agreement and Animation Production Orders due to Force Majeure, it shall notify the other Party
within 15 days after the elimination of the Force Majeure cause that it is unable to fully perform this Agreement, and it may be exempted
from the liability for partial or total breach of this Agreement after providing corresponding proof.

 

Article 60
If, after the Force Majeure disappears, it is still necessary to perform this Agreement and Animation Production Orders, and the conditions
for further performance are met, both Parties shall continue to perform this Agreement. If it is unnecessary or impossible to continue
to perform this Agreement and Animation Production Orders due to Force Majeure, or if the Force Majeure event or its impact lasts for
more than 30 days and both Parties fail to reach a mutually accepted solution, either Party hereto shall have the right to terminate this
Agreement and neither Party shall be liable for breach of contract.

 

Chapter 12 

Termination

 

Article 61
Unless otherwise specified in this Agreement, either Party may terminate this Agreement under any of the following circumstances:

 

		1.	the purpose of this Agreement cannot be achieved due to force majeure;

 

		2.	before the expiration of this Agreement, the other Party explicitly expresses or shows by its own conduct
that it will not perform its major obligations;

 

		3.	the other Party delays in fulfilling its major obligations and fails to do so within a reasonable period
of time after being called upon;

 

		4.	the other Party's delay in fulfilling its obligations under this Agreement or other breach of this Agreement
makes the purpose of this Agreement impossible to be realized;

 

    	 	13	 

     

    

 

		5.	Other circumstances as stipulated by laws.

 

Article 62
This Agreement shall be terminated under any of the following circumstances:

 

		1.	this Agreement shall be terminated as of the date when either Party declares bankruptcy or enters liquidation
or dissolution;

 

		2.	in case of any force majeure lasts for more than 30 days, either Party shall have the right to terminate
this Agreement;

 

		3.	Party B shall strictly abide by the obligations stipulated in this Agreement and Animation Production
Orders for Animation Works, otherwise Party A has the right to request Party B to rectify within 5 working days. If Party B fails to rectify,
Party A has the right to immediately terminate this Agreement and hold Party B liable for breach of contract.

 

Chapter 13 

Miscellaneous

 

Article 63
Animation Production Order is an important part of this Agreement and has the same legal effect as this Agreement. In case
of any inconsistency between Animation Production Orders and this Agreement, this Agreement shall prevail.

 

Article 64
The Parties hereto may modify, suspend or terminate this Agreement upon negotiation. To alter, suspend or terminate this Agreement, an
amendment to this Agreement shall be signed. For matters not covered in this Agreement, the Parties may negotiate and sign an amendment
to this Agreement separately. The amendment to this Agreement has the same legal effect as this Agreement.

 

Article 65
The provisions of this Agreement are of severability, which means, if any provision in this Agreement is held to be void, invalid or inoperative,
the remaining provisions of this Agreement will not be affected.

 

Article 66
The execution, interpretation, performance, jurisdiction and dispute resolution of this Agreement shall be conducted in Mainland
ChinaThe law of the district.2. Any dispute between the parties arising from this Agreement itself or the performance of this Agreement
shall be settled through friendly negotiation.If no agreement can be reached through negotiation, the dispute shall be submitted to Guangzhou
Arbitration Commission for arbitration The arbitration shall be conducted in accordance with the arbitration rules in effect at that
time. The arbitration shall be final and binding upon both parties.

 

Article 67
This Agreement shall come into force upon being sealed by both Parties and shall remain valid until both Parties have performed
all the provisions hereof.

 

Article 68
This Agreement is made in quadruplicate, with each party holding two copies and each copy having the same legal effect.

 

Article 69
Appendixes to this Agreement are important parts of this Agreement and have the same legal effect as this Agreement.

 

Appendix 1: Form Animation Production Order
of Animation Works

 

Appendix 2: List of Requirements for Animation
Acceptance Materials

 

    	 	14	 

     

    

 

Appendix 3: Copyright Statement

 

Appendix 4: Copy of Party B's Business License
(with official seal)

 

Appendix 5: Commitment Letter for Business Ethics

 

[The remainder of this page intentionally
left blank; signature pages to follow]

 

    	 	15	 

     

    

 

 

Party A: Shanghai Huijie Culture Communication
Co., Ltd

 

 

________________________(Company Chop)

Date of signing:

 

 

Party B: Shanghai Hui Zhi Ren Cultural Creative
Co., LTD. (Seal)

 

 

________________________(Company Chop)

Date of signing:

 

    	 	16Exhibit 10.1

 

 

FORM OF SUPPORT AGREEMENT

 

This SUPPORT AGREEMENT
(this “Agreement”) is entered into as of [●], 2022, by and among AeroClean Technologies, Inc., a Delaware
corporation (“Parent”), Molekule, Inc., a Delaware corporation (the “Company”), and [●]
(the “Shareholder”). Each of Parent, the Company and the Shareholder are sometimes referred to herein individually
as a “Party” and collectively as the “Parties”. Capitalized terms used but not otherwise defined
herein shall have the meanings ascribed to them in the Merger Agreement (defined below).

 

RECITALS

 

WHEREAS,
on October 3, 2022, Parent, Air King Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (“Merger
Sub”) and the Company, entered into that certain Agreement and Plan of Merger (as amended, supplemented or otherwise modified
from time to time in accordance with its terms, the “Merger Agreement”) pursuant to which, among other things, Merger
Sub will merge with and into the Company, with the Company as the surviving company in the merger and, after giving effect to such merger,
becoming a wholly-owned Subsidiary of Parent;

 

WHEREAS,
at the Effective Time, each share of Company Common Stock will be converted automatically into the right to receive Parent
Common Stock on the terms and subject to the conditions set forth in the Merger Agreement;

 

WHEREAS,
Section 4.2 of the Company’s Restated Certificate of Incorporation, dated as of May 19, 2022 (the “Charter”),
provides for the mandatory conversion (the “Conversion”) of the Company Series 1 Preferred Stock into shares of
Company Common Stock upon the vote or written consent of the Requisite Holders (as defined in the Charter), the Company Stockholders entering
into Support Agreements in connection with the Merger constitute the Requisite Holders and, following receipt of the consent of the Requisite
Holders and prior to the Effective Time, each share of Company Series 1 Preferred Stock shall be converted into one share of Company
Common Stock;

 

WHEREAS,
Section 6.1 of the Charter provides for the redemption of the Company Series 2 Preferred Stock upon the Conversion, and each
share of Company Series 2 Preferred Stock shall be redeemed by the Company at a price per share equal to $0.0001 upon the Conversion;

 

WHEREAS,
as of the date hereof, the Shareholder is the record and beneficial owner of the number and type of shares of Company Common Stock and
Company Preferred Stock set forth on Schedule A hereto (together with (i) any other shares of capital stock of the Company
that the Shareholder acquires record or beneficial ownership after the date hereof and (ii) any shares of capital stock of the Company
with respect to which the Shareholder has or acquires voting power, collectively, the “Covered Company Shares”); and

 

WHEREAS,
in consideration for the benefits to be received by the Shareholder under the terms of the Merger Agreement, the Shareholder agrees to
enter into this Agreement and to be bound by the agreements, covenants and obligations contained in this Agreement.

 

NOW,
THEREFORE, in consideration of the premises and the mutual promises set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows:

 

    

     

    

 

AGREEMENT

 

1.             Agreement
to Vote.

 

(a)            Shareholder,
solely in its capacity as a Company Stockholder, irrevocably and unconditionally agrees (until the termination of this Agreement in accordance
with its terms), and agrees to cause any other holder of record of any of the Shareholder’s Covered Company Shares, to validly execute
and deliver to the Company in respect of all of the Shareholder’s Covered Company Shares, on or as promptly as reasonably practicable
(and in any event within two (2) Business Days) following the time at which (x) the Registration Statement is declared effective
under the Securities Act and (y) the Company requests such delivery, a written consent in respect of all of the Shareholder’s
Covered Company Shares approving the Merger, the Merger Agreement, the Transaction Agreements, the other transactions contemplated thereby
and any other matters necessary or reasonably requested by the Company to implement the foregoing. In addition, the Shareholder, in its
capacity as a stockholder of the Company, irrevocably and unconditionally agrees (until the termination of this Agreement in accordance
with its terms) that, at any other meeting of the Company Stockholders (whether annual or special and whether or not an adjourned or postponed
meeting, however called and including any adjournment or postponement thereof) and in connection with any written consent of Company Stockholders,
such Shareholder shall, and shall cause any other holder of record of any of such Shareholder’s Covered Company Shares to:

 

(i)            when
such meeting is held, appear at such meeting or otherwise cause the Shareholder’s Covered Company Shares to be counted as present
thereat for the purpose of establishing a quorum;

 

(ii)            vote
(or execute and return an action by written consent), or cause to be voted at such meeting (or validly execute and return and cause such
consent to be granted with respect to), all of such Shareholder’s Covered Company Shares owned as of the record date for such meeting
(or the date that any written consent is executed by such Company Stockholder) in favor of the Merger, the Merger Agreement, the Transaction
Agreements, the other transactions contemplated thereby and any other matters necessary or reasonably requested by the Company to implement
the foregoing;

 

(iii)           in
any other circumstances upon which a vote, consent or other approval of the Company Stockholders is required under the Company Organizational
Documents or otherwise sought, in each case, with respect to the Merger, the Merger Agreement, the Transaction Agreements or the other
transactions contemplated by the Merger Agreement or the Transaction Agreements, vote, consent or approve (or cause to be voted, consented
or approved) all of such Shareholder’s Covered Company Shares held at such time in favor thereof; and

 

(iv)           vote
(or execute and return an action by written consent), or cause to be voted at such meeting (or validly cause such consent to be granted
with respect to), all of such Shareholder’s Covered Company Shares against (i) any transaction concerning any merger, consolidation,
combination, sale or transfer of ownership interests and/or assets of the Company, recapitalization, dissolution, liquidation or winding
up of or by the Company or similar transaction (other than the Merger); (ii) any proposal that would result in a material change
in the business, management or the board of directors of the Company; and (iii) any proposal, action or agreement that would be reasonably
expected to, in any manner, (A) impede, delay, frustrate, prevent or nullify any provision of this Agreement, the Merger Agreement,
the Transaction Agreements or the Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any
other obligation or agreement of the Company under the Merger Agreement, (C) change in any manner the voting rights of any outstanding
class of capital stock of the Company or (D) result in any of the conditions set forth in Article VII of the Merger Agreement
not being fulfilled.

 

    2

     

    

 

(b)            The
obligations of the Shareholder specified in this Section 1 shall apply whether or not the Merger, or any action described above,
is recommended by the board of directors of the Company or the board of directors of the Company has previously recommended the Merger
but changed such recommendation.

 

2.             Other
Covenants and Agreements.

 

(a)            The
Shareholder hereby agrees that, notwithstanding anything to the contrary in any such agreement, with respect to each such agreement to
which the Shareholder is a party (i) each of the agreements set forth on Schedule B hereto shall be automatically terminated
and of no further force and effect (including any provisions of any such agreement that, by its terms, survive such termination) effective
as of, and subject to and conditioned upon the occurrence of, the Closing and (ii) upon such termination none of the Shareholder,
the Company nor any of their respective Affiliates (including, from and after the Effective Time, Parent and its Affiliates) shall have
any further obligations or liabilities under each such agreement. Without limiting the generality of the foregoing, each of the Parties
hereby agrees to promptly execute and deliver all additional agreements, documents and instruments and take, or cause to be taken, all
actions necessary or reasonably advisable in order to achieve the purpose of the preceding sentence.

 

(b)            The
Shareholder shall be bound by and subject to (i) Section 6.07 (Public Announcements) of the Merger Agreement and (ii) Section 6.06
(No Parent Common Stock Transactions) of the Merger Agreement to the same extent as such provision applies to the parties to the Merger
Agreement, as if the Shareholder is directly party thereto. Notwithstanding anything in this Agreement to the contrary, (x) the Shareholder
shall not be responsible for the actions of the Company or the board of directors of the Company (or any committee thereof) or any officers,
directors (in their capacity as such), employees and professional advisors of any of the foregoing (the “Company Related Parties”),
including with respect to any of the matters contemplated by this Section 2(b), (y) the Shareholder is not making any
representations or warranties with respect to the actions of any of the Company Related Parties, and (z) any breach by the Company
of its obligations under the Merger Agreement shall not be considered a breach of this Section 2(b) (it being understood
for the avoidance of doubt that the Shareholder shall remain responsible for any breach by it of this Section 2(b)).

 

(c)            The
Shareholder acknowledges and agrees that Parent and Merger Sub are entering into the Merger Agreement in reliance upon the Shareholder
entering into this Agreement and agreeing to be bound by, and perform, or otherwise comply with, as applicable, the agreements, covenants
and obligations contained in this Agreement and but for the Shareholder entering into this Agreement and agreeing to be bound by, and
perform, or otherwise comply with, as applicable, the agreements, covenants and obligations contained in this Agreement, Parent and Merger
Sub would not have entered into or agreed to consummate the transactions contemplated by the Merger Agreement.

 

(d)            The
Shareholder hereby waives, and agrees not to exercise or assert, if applicable, and agrees to cause any record holder of its Covered Company
Shares to waive and not to exercise or assert, if applicable, any rights of appraisal, including under Section 262 of the DGCL, or
any other rights to dissent from the Merger that the Shareholder may have under applicable Law. The Shareholder hereby agrees not to commence
or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any action, derivative
or otherwise, against the Company, Merger Sub, Parent or any of their respective Subsidiaries or successors: (a) challenging the
validity of, or seeking to enjoin or delay the operation of, any provision of this Agreement or the Merger Agreement (including any claim
seeking to enjoin or delay the Closing); or (b) to the fullest extent permitted under applicable Law, alleging a breach of any duty
of the Board of Directors of the Company or Parent in connection with the Merger Agreement, this Agreement, the Transaction Agreements,
or the transactions contemplated thereby or hereby.

 

    3

     

    

 

(e)            The
Shareholder consents to the Conversion, pursuant to which each share of Company Series 1 Preferred Stock shall be converted into
one share of Company Common Stock.

 

(f)            The
Shareholder consents to the redemption, immediately prior to the Closing, of each share of Company Series 2 Preferred Stock for nominal
consideration.

 

3.             Shareholder
Representations and Warranties. The Shareholder represents and warrants to Parent as follows:

 

(a)            The
Shareholder is a limited liability company, limited partnership or other applicable business entity duly organized or formed, as applicable,
validly existing and in good standing (or the equivalent thereof, if applicable, in each case, with respect to the jurisdictions that
recognize the concept of good standing or any equivalent thereof) under the laws of its jurisdiction of formation or organization (as
applicable).

 

(b)            The
Shareholder has the requisite corporate, limited liability company, limited partnership or other similar power and authority to execute
and deliver this Agreement, to perform its covenants, agreements and obligations hereunder (including, for the avoidance of doubt, those
covenants, agreements and obligations hereunder that relate to the provisions of the Merger Agreement), and to consummate the transactions
contemplated hereby or thereby. The execution and delivery of this Agreement has been duly authorized by all necessary corporate (or other
similar) action on the part of the Shareholder. This Agreement has been duly and validly executed and delivered by the Shareholder and
constitutes a valid, legal and binding agreement of the Shareholder (assuming that this Agreement is duly authorized, executed and delivered
by Parent), enforceable against the Shareholder in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other applicable Law affecting generally the enforcement of creditors’ rights and subject to general principles of
equity).

 

(c)            No
consent, approval or authorization of, or designation, declaration or filing with, any Governmental Authority is required on the part
of the Shareholder with respect to the Shareholder’s execution, delivery or performance of its covenants, agreements or obligations
under this Agreement (including, for the avoidance of doubt, those covenants, agreements and obligations under this Agreement that relate
to the provisions of the Merger Agreement) or the consummation of the transactions contemplated hereby, except for any consents, approvals,
authorizations, designations, declarations, waivers or filings, the absence of which would not adversely affect the ability of the Shareholder
to perform, or otherwise comply with, any of its covenants, agreements or obligations hereunder in any material respect.

 

(d)            None
of the execution or delivery of this Agreement by the Shareholder, the performance by the Shareholder of any of its covenants, agreements
or obligations under this Agreement (including, for the avoidance of doubt, those covenants, agreements and obligations under this Agreement
that relate to the provisions of the Merger Agreement) or the consummation of the transactions contemplated hereby or thereby will, directly
or indirectly (with or without due notice or lapse of time, or both) (i) result in any breach of any provision of the Shareholder’s
organizational and governing documents, (ii) result in a violation or breach of, or constitute a default or give rise to any right
of termination, consent, cancellation, amendment, modification, suspension, revocation or acceleration under, any of the terms, conditions
or provisions of any Contract to which the Shareholder is a party, (iii) violate, or constitute a breach under, any order or applicable
Law to which the Shareholder or any of its properties or assets are bound or (iv) other than the restrictions contemplated by this
Agreement, result in the creation of any Lien upon the Covered Company Shares, except, in the case of any of clause (ii) and
clause (iii) above, as would not adversely affect the ability of the Shareholder to perform, or otherwise comply with, any
of its covenants, agreements or obligations hereunder in any material respect.

 

    4

     

    

 

(e)            The
Shareholder is the record and beneficial owner of the Covered Company Shares and has valid, good and marketable title to the Covered Company
Shares, free and clear of all Liens (other than transfer restrictions under applicable securities laws or the Company Stockholder Agreements
or the restrictions contemplated by this Agreement). Except for the Covered Company Shares, the Shareholder does not own, beneficially
or of record, any shares of capital stock of the Company. Except as otherwise expressly contemplated by the Company Organizational Documents
or the Company Stockholder Agreements, the Shareholder does not have the right to acquire any shares of capital stock of the Company.
The Shareholder has the sole right to vote (and provide consent in respect of, as applicable) the Covered Company Shares and, except for
this Agreement, the Merger Agreement and the Company Stockholder Agreements, the Shareholder is not party to or bound by (i) any
option, warrant, purchase right, or other Contract that would (either alone or in connection with one or more events, developments or
events (including the satisfaction or waiver of any conditions precedent)) require the Shareholder to Transfer or cause to be Transferred
any of the Covered Company Shares or (ii) any voting trust, proxy or other Contract with respect to the voting or Transfer of any
of the Covered Company Shares, and no Person has any contractual or other right or obligation to purchase or otherwise acquire any of
the Covered Company Shares. As used herein, the term “Company Stockholder Agreements” means those Contracts set forth
on Schedule C.

 

(f)            There
is no Legal Proceeding pending or, to the Shareholder’s knowledge, threatened against the Shareholder or any property or asset of
the Shareholder that, if adversely decided or resolved, would reasonably be expected to adversely affect the ability of the Shareholder
to perform, or otherwise comply with, any of its covenants, agreements or obligations under this Agreement in any material respect.

 

(g)            The
Shareholder, on its own behalf and on behalf of its representatives, acknowledges, represents, warrants and agrees that (i) it has
conducted its own independent review and analysis of, and, based thereon, has formed an independent judgment concerning, the business,
assets, condition, operations and prospects of, the Parent and Merger Sub and (ii) it has been furnished with or given access to
such documents and information about the Parent and Merger Sub and their respective businesses and operations as it and its representatives
have deemed necessary to enable it to make an informed decision with respect to the execution, delivery and performance of this Agreement
and the other agreements related to the Transaction (“Transaction Agreements”) to which it is or will be a party and
the transactions contemplated hereby and thereby.

 

(h)            In
entering into this Agreement and the other Transaction Agreements to which it is or will be a party, the Shareholder has relied solely
on its own investigation and analysis and the representations and warranties expressly set forth in the Transaction Agreements to which
it is or will be a party and no other representations or warranties of Parent or Merger Sub (including, for the avoidance of doubt, none
of the representations or warranties of Parent or Merger Sub set forth in the Merger Agreement or any other Transaction agreement) or
any other Person, either express or implied, and the Shareholder, on its own behalf and on behalf of its representatives, acknowledges,
represents, warrants and agrees that, except for the representations and warranties expressly set forth in the Transaction Agreements
to which it is or will be a party, neither Parent, Merger Sub nor any other Person makes or has made any representation or warranty, either
express or implied, in connection with or related to this Agreement, the Transaction Agreements to which it is or will be a party or the
transactions contemplated hereby or thereby.

 

    5

     

    

 

4.            Transfer
of Covered Company Shares. Except as expressly contemplated by the Merger Agreement or with the prior written consent of Parent (such
consent to be given or withheld in its sole discretion), from and after the date hereof, the Shareholder agrees not to (a)  Transfer
any of the Covered Company Shares (or any interest therein), (b) enter into (i) any option, warrant, purchase right, or other
Contract that would (either alone or in connection with one or more events, developments or events (including the satisfaction or waiver
of any conditions precedent)) require the Shareholder to Transfer the Covered Company Shares or (ii) any voting trust, proxy or other
Contract with respect to the voting or Transfer of the Covered Company Shares, or (c) take any actions in furtherance of any of the
matters described in the foregoing clause (a) or clause (b). Any attempted Transfer by the Shareholder of its Covered
Company Shares (or any interest therein) in violation of this Section 4 shall be null and void. Notwithstanding the foregoing, the
Shareholder may Transfer its Covered Company Shares to its Affiliates with prior written notice to (but without the consent of) Parent,
subject to any such Affiliate transferee signing a joinder hereto, in a manner acceptable in form and substance to Parent, (i) accepting
such Covered Company Shares subject to the terms and conditions of this Agreement and (ii) agreeing to be bound by all provisions
hereof to the same extent as the Shareholder or to any Person who is, prior to such Transfer, bound by the provisions hereof to the same
extent as the Shareholder. For purposes of this Agreement, “Transfer” means any, direct or indirect, sale, transfer,
assignment, pledge, mortgage, exchange, hypothecation, grant of a security interest in or disposition or encumbrance of an interest (whether
with or without consideration, whether voluntarily or involuntarily or by operation of law or otherwise).

 

5.            Termination.
This Agreement shall automatically terminate, without any notice or other action by any Party upon the earlier of (a) the Effective
Time, (b) the termination of the Merger Agreement in accordance with its terms and (c) the mutual agreement of the Parties hereto.
Upon termination of this Agreement as provided in the immediately preceding sentence, none of the Parties shall have any further obligations
or liabilities under, or with respect to, this Agreement. Notwithstanding the foregoing or anything to the contrary in this Agreement,
the termination of this Agreement pursuant to Section 5(b) shall not affect any liability on the part of any Party for
a willful breach of any covenant or agreement set forth in this Agreement prior to such termination or fraud.

 

6.            Fiduciary
Duties. Notwithstanding anything in this Agreement to the contrary, (a) the Shareholder makes no agreement or understanding herein
in any capacity other than in such Shareholder’s capacity as a record holder and beneficial owner of the Covered Company Shares,
and not in such Shareholder’s capacity as a director, officer or employee of the Company or any of the Company’s Subsidiaries
or in such Shareholder’s capacity as a trustee or fiduciary of the Company, and (b) nothing herein will be construed to limit
or affect any action or inaction by such Shareholder or any representative of such Shareholder serving as a member of the board of directors
of the Company or as an officer, employee or fiduciary of the Company, in each case, acting in such person’s capacity as a director,
officer, employee or fiduciary of the Company.

 

7.            No
Recourse. Except for claims pursuant to the Merger Agreement or any other Transaction Agreement by any party thereto against any other
party thereto, each Party agrees that (a) this Agreement may only be enforced against, and any action for breach of this Agreement
may only be made against, the Parties, and no claims of any nature whatsoever (whether in tort, contract or otherwise) arising under or
relating to this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby shall be asserted against
Parent or Merger Sub, and (b) none of the Company or Parent or Merger Sub shall have any liability arising out of or relating to
this Agreement, the negotiation hereof or its subject matter, or the transactions contemplated hereby, including with respect to any claim
(whether in tort, contract or otherwise) for breach of this Agreement or in respect of any written or oral representations made or alleged
to be made in connection herewith, as expressly provided herein, or for any actual or alleged inaccuracies, misstatements or omissions
with respect to any information or materials of any kind furnished in connection with this Agreement, the negotiation hereof or the transactions
contemplated hereby.

 

    6

     

    

 

8.            Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given) by delivery in person, by facsimile (having obtained electronic delivery confirmation thereof) if applicable,
by e-mail (having obtained electronic delivery confirmation thereof (i.e., an electronic record of the sender that the email was sent
to the intended recipient thereof without an “error” or similar message that such email was not received by such intended
recipient)), or by registered or certified mail (postage prepaid, return receipt requested) (upon receipt thereof) to the other Parties
as follows:

 

(a)            If
to Parent or Merger Sub, to:

 

AeroClean Technologies, Inc.

10455 Riverside Dr.

Palm Beach Gardens, Florida 33410

Attn: Ryan Tyler

E-mail: rtyler@aeroclean.com

 

with a copy (which shall not constitute notice) to:

 

Freshfields Bruckhaus Deringer US LLP 

601 Lexington Avenue; 31st Floor 

New York, NY 10022 

Attention: Valerie Ford Jacob; Paul K. Humphreys 

Email: valerie.jacob@freshfields.com; paul.humphreys@freshfields.com

 

(b)            If
to the Company, to:

 

Molekule, Inc.

1301 Folsom Street

San Francisco, CA 94103

Attn: Jonathan Harris

E-mail: jonathan.harris@molekule.com

 

with a copy (which shall not constitute notice) to:

 

Fenwick & West LLP 

801 California Street 

Mountain View, CA 94041 

Attention: Cynthia Hess; Ethan A. Skerry; Jeremy Delman 

Email: chess@fenwick.com; eskerry@fenwick.com; jdelman@fenwick.com

 

(c)            If
to Shareholder, to the address specified on the signature page hereto.

 

with a copy (which shall not constitute notice) to: 

Attention: 

Email:

 

or to such other address as the Party
to whom notice is given may have previously furnished to the others in writing in the manner set forth above.

 

    7

     

    

 

9.             Entire
Agreement. This Agreement, the Merger Agreement and documents referred to herein and therein constitutes the entire agreement of the
Parties with respect to the subject matter of this Agreement, and supersede all prior agreements and undertakings, both written and oral,
among the Parties with respect to the subject matter of this Agreement, except as otherwise expressly provided in this Agreement.

 

10.            Amendments
and Waivers; Assignment. Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in
writing and signed by the Shareholder and Parent. Notwithstanding the foregoing, no failure or delay by any Party in exercising any right
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise of
any other right hereunder. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assignable by the
Shareholder without Parent’s prior written consent (to be withheld or given in its sole discretion).

 

11.            Further
Assurances. The Shareholder will, from time to time, (i) at the request of Parent take, or cause to be taken, all actions, and
do, or cause to be done, and assist and cooperate with the other Parties in doing, all things reasonably necessary, proper or advisable
to carry out the intent and purposes of this Agreement and (ii) execute and deliver, or cause to be executed and delivered, such
additional or further consents, documents and other instruments as Parent may reasonably request for the purpose of effectively carrying
out the intent and purpose of this Agreement.

 

12.            Fees
and Expenses. Except as otherwise expressly set forth in the Merger Agreement, all fees and expenses incurred in connection with this
Agreement and the transactions contemplated hereby, including the fees and disbursements of counsel, financial advisors and accountants,
shall be paid by the Party incurring such fees or expenses.

 

13.            Remedies.
Except as otherwise expressly provided herein, any and all remedies provided herein will be deemed cumulative with and not exclusive of
any other remedy conferred hereby, or by law or equity upon such Party, and the exercise by a Party of any one remedy will not preclude
the exercise of any other remedy. The Parties agree that irreparable damage for which monetary damages, even if available, would not be
an adequate remedy, would occur in the event that either Party does not perform its respective obligations under the provisions of this
Agreement in accordance with their specific terms or otherwise breach such provisions. It is accordingly agreed that each Party shall
be entitled to seek an injunction or injunctions, specific performance and other equitable relief to prevent breaches of this Agreement
and to enforce specifically the terms and provisions of this Agreement, in each case, without posting a bond or undertaking and without
proof of damages and this being in addition to any other remedy to which they are entitled at law or in equity. Each Party agrees that
it will not oppose the granting of an injunction, specific performance and other equitable relief when expressly available pursuant to
the terms of this Agreement on the basis that the other parties have an adequate remedy at law or an award of specific performance is
not an appropriate remedy for any reason at law or equity.

 

14.            No
Third Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties and their respective successors and permitted
assigns and is not intended, nor shall be construed, to give any Person, other than the Parties and their respective successors and assigns,
any legal or equitable right, benefit or remedy of any nature whatsoever by reason this Agreement. Nothing in this Agreement, expressed
or implied, is intended to or shall constitute the Parties, partners or participants in a joint venture.

 

15.            Miscellaneous.
Sections 9.01 (Survival), 9.06 (Governing Law), 9.07 (Waiver of Jury Trial), 9.09 (Counterparts) and 9.11 (Severability) of the Merger
Agreement are incorporated herein by reference and shall apply to this Agreement, mutatis mutandis.

 

[Signature page follows]

 

    8

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Support Agreement as of the date first above written.

 

	 	AeroClean Technologies, Inc.
	 	 
	 	 
	 	By: 	                  
	 	Name:	 
	 	Title:	 

 

[Signature Page to Support Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Support Agreement as of the date first above written.

 

	 	Molekule, Inc.
	 	 
	 	 
	 	By: 	         
	 	Name:	 
	 	Title:	 

 

[Signature Page to Support Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the Parties
have executed and delivered this Support Agreement as of the date first above written.

 

	 	[Shareholder]
	 	 
	 	 
	 	By: 	           
	 	Name:	 
	 	Title:	 

 

	 	Address:
	 	 
	 	 
	 	 
	 	 
	 	Attn:	 
	 	E-mail:	 
	 	 	 
	 	with a copy (which shall not constitute
notice) to:
	 	 
	 	 
	 	 
	 	 
	 	Attn:	 
	 	E-mail: 	 

 

[Signature Page to Support Agreement]

 

    

     

    

 

SCHEDULE A

 

	Class/Series Securities	Number of Shares
	Company Series 1 Preferred Stock	[●]
	Company Series 2 Preferred Stock	[●]
	Company Common Stock	[●]

 

[Schedule A to Stockholder Support Agreement]

 

    

     

    

 

SCHEDULE B

 

Terminated Agreements

 

Amended & Restated Investors’ Rights Agreement, dated
May 19, 2022, by and between the Company and certain of its investors.

 

Amended & Restated Right of First Refusal and Co-Sale Agreement,
dated May 19, 2022, by and between the Company and certain of its investors.

 

Amended & Restated Voting Agreement, dated May 19, 2022,
by and between the Company and certain of its investors.

 

[Schedule B to Support Agreement]

 

    

     

    

 

SCHEDULE C

 

Company Stockholder Agreements

 

Amended & Restated Investors’ Rights Agreement, dated
May 19, 2022, by and between the Company and certain of its investors.

 

Amended & Restated Right of First Refusal and Co-Sale Agreement,
dated May 19, 2022, by and between the Company and certain of its investors.

 

Amended & Restated Voting Agreement, dated May 19, 2022,
by and between the Company and certain of its investors.

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