Document:

Exhibit 10.4

 

November 16, 2021

 

RE: Oasis Waiver and Consent

 

Reference is made to that
certain (i) Securities Purchase Agreement dated as of November 16, 2021 (the “Agreement”), by and between Digital Brands Group,
Inc., a Delaware corporation (the “Company”), and FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company
(“FirstFire”), providing for, among other things, the issuance of a Convertible Promissory Note in the principal amount of
US$2,625,000 (the “Note”), convertible into shares of common stock of the Company (“Common Stock), (ii) Amended and
Restated Securities Purchase Agreement dated as of October 1, 2021 (the “Oasis/FirstFire Purchase Agreement”) by and among
the Company, FirstFire and Oasis Capital, LLC, a Puerto Rico limited liability company (“Oasis”), and (iii) Registration Rights
Agreement, dated August 27, 2021, as amended by the Joinder Agreement and Amendment dated October 1, 2021 (as amended, the “RRA”)
among the Company, Oasis and FirstFire. Capitalized terms used but not defined herein shall have the meanings set forth in the Oasis/FirstFire
Purchase Agreement or the RRA, as applicable.

 

Pursuant to Section 4.16 of
the Oasis/FirstFire Purchase Agreement, the Company agreed not to, without the consent of Oasis and FirstFire, enter into any Variable
Rate Transaction. In addition, pursuant to the RRA, the Company agreed to file a registration statement on Form S-1 covering the Registrable
Securities by October 27, 2021 and for such registration statement to be declared effective by November 27, 2021 (the “Registration
Deadline).

 

In consideration of the issuance
by the Company to Oasis of 50,000 shares of Common Stock, Oasis agrees to consent to, and waive any restrictions contained in the Oasis/FirstFire
Purchase Agreement with respect to, the entry by the Company into the Variable Rate Transaction and the other transactions contemplated
by the Agreement. In addition, in consideration of the issuance by the Company to Oasis of an additional 50,000 shares of Common Stock,
Oasis agrees to permit the extension of Registration Deadline to the date set forth in the Amendment to the RRA dated the date hereof,
and waives any breach for failure to comply with the original Registration Deadline set forth in the RRA. The foregoing shares shall be
included as Registrable Securities under the RRA.

 

The waiver set forth in this
letter constitutes a one-time waiver and is limited to the matters expressly waived herein and should not be construed as an indication
that Oasis has agreed to any modifications to, consent of, or waiver of any other terms or provisions of the RRA or any Transaction Document
or of the terms of any other agreement, instrument or security or any modifications to, consents of, or waiver of any default that may
exist or occur thereunder.

 

The Company shall file a Form
8-K with the Securities and Exchange Commission disclosing the terms of this waiver as proscribed by law.

 

The Company hereby
represents and warrants and covenants to you that nothing contained herein or otherwise disclosed to Oasis by the Company in
connection herewith constitutes material non-public information. As of the date hereof, the Company shall have disclosed all
material, non-public information (if any) provided up to the date hereof to Oasis by the Company or any of its Subsidiaries or any
of their respective officers, directors, employees, affiliates or agents, that has not previously been publicly disclosed by the
Company in a filing with the Securities and Exchange Commission.

 

     

     

    

 

The Company hereby covenants
and agrees that, as of the date hereof, (i) Oasis has no confidentiality or similar obligation under any agreement to the Company, any
of its Subsidiaries or any of their respective officers, directors, employees, affiliates or agent and (ii) Oasis has made no agreement
to the Company, any of its Subsidiaries or any of their respective officers, directors, employees, affiliates or agent to not purchase
or sell, long and/or short, the Common Stock or any other securities of the Company.

 

[Signature Page Follows]

 

     

     

    

 

	 	Sincerely,
	 	 
	 	OASIS CAPITAL, LLC
	 	 
	 	 
	 	By:	/s/ Adam Long
	 	 	Adam Long
	 	 	Managing Partner

 

	Acknowledged and Agreed:	 
	 	 
	 	 
	DIGITAL BRANDS GROUP, INC.	 
	 	 
	By:	/s/ John Hilburn Davis IV	 
	 	John Hilburn Davis IV	 
	 	President and Chief Executive OfficerExhibit
4.1

 

	NUMBER
    	 	UNITS
	GLLIU
    	 	 

 

GLOBALINK
INVESTMENT INC.

 

	SEE REVERSE FOR

    CERTAIN
    DEFINITIONS
	 	CUSIP
    37892F 208

 

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK,

ONE
RIGHT TO RECEIVE ONE-TENTH SHARE OF COMMON STOCK

AND
ONE WARRANT TO PURCHASE ONE-HALF SHARE OF COMMON STOCK

 

THIS
CERTIFIES THAT ________________________________________________________________________ is the owner of _________________________________________________________________________
Units.

 

Each
Unit (“Unit”) consists of one (1) share of common stock, par value $0.001 per share (“Common Stock”),
of Globalink Investment Inc., a Delaware corporation (the “Company”), one right (the “Right(s)”)
to receive one-tenth (1/10) of one share of Common Stock upon the consummation of an initial Business Combination (as defined below)
and one redeemable warrant (the “Warrant(s)”). Each Warrant entitles the holder to purchase one-half (1/2)
of one share of Common Stock for $11.50 per share (subject to adjustment). Each Warrant will become exercisable on the later of (i) the
Company’s completion of a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other
similar business combination (“Business Combination”) and (ii) one year after the effective date of the registration
statement relating to the Company’s initial public offering (“IPO”), and will expire unless exercised before
5:00 p.m., New York City Time, on the fifth anniversary of the completion of an initial Business Combination, or earlier upon redemption
(the “Expiration Date”). Every ten Rights entitles the holder thereof to receive one share of Common Stock upon consummation
of the Company’s initial Business Combination. The Common Stock, Rights and Warrants comprising the Units represented by this certificate
are not transferable separately prior to the 30th day after the date of the prospectus relating to the Company’s IPO, subject to
earlier separation in the discretion of Chardan Capital Markets, LLC, provided that the Company has filed with the Securities and Exchange
Commission a Current Report on Form 8-K which includes an audited balance sheet reflecting the Company’s receipt of the gross proceeds
of the IPO and issued a press release announcing when separate trading will begin. The terms of the Rights and Warrants are governed
by a rights agreement (the “Rights Agreement”), dated as of [*], 2021, and a warrant agreement (the “Warrant
Agreement”), dated as of [*], 2021, respectively, both between the Company and Continental Stock Transfer & Trust Company,
as the rights agent and warrant agent, and are subject to the terms and provisions contained therein, all of which terms and provisions
the holder of this certificate consents to by acceptance hereof. Copies of the Rights Agreement and the Warrant Agreement are on file
at the office of Continental Stock Transfer & Trust Company at 1 State Street, New York, New York 10004 and are available to any
Right Holder or Warrant Holder, respectively, on written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

Witness
the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

 

	By	 	 	 
	 	Chairman
    of the Board	 	Chief
    Financial Officer

 

Globalink
Investment Inc. 

 

The
Company will furnish without charge to each stockholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

    	1

    	 

    

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	TEN
    COM	—	as
    tenants in common	 	UNIF
    GIFT MIN ACT	—	 	Custodian	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	JT
    TEN	—	as
    joint tenants with right of survivorship and not as tenants in common	 	 	under
    Uniform Gifts to Minors Act
	 	 	 	 	 	 
	 	 	 	 	(State)

 

Additional
abbreviations may also be used though not in the above list.

 

	For
    value received, ___________________________ hereby sell, assign and transfer unto

 

	PLEASE
    INSERT SOCIAL SECURITY OR OTHER

    IDENTIFYING NUMBER OF ASSIGNEE	 
	 	 
	 	 

 

	(PLEASE
    PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

 

________________________________________________________________________
Units represented by the within Certificate, and do hereby irrevocably constitute and appoint ____________________________________________________________________________
Attorney to transfer the said Units on the books of the within named Company will full power of substitution in the premises.

 

	Dated	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.

 

	Signature(s)
    Guaranteed:	 
	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT
    UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15).	 

 

The
holder(s) of this certificate shall be entitled to receive a pro-rata portion of the funds from the trust account with respect to the
common stock underlying this certificate only in the event that (i) the Company is forced to liquidate because it does not consummate
an initial business combination within the period of time set forth in the Company’s Amended and Restated Certificate of Incorporation,
as the same may be amended from time to time (the “Charter”), or (ii) if the holder seeks to convert his shares upon consummation
of, or sell his shares in a tender offer in connection with, an initial business combination or in connection with certain amendments
to the Charter. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

 

    	2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00336-of-00352.parquet"}]]