Document:

Exhibit
10.6

 

FORM OF
REGISTRATION RIGHTS AGREEMENT

 

REGISTRATION RIGHTS AGREEMENT (this “Agreement”),
dated as of l, 2015,

BY AND AMONG

 

PREMIER EXHIBITIONS, INC., a Florida
corporation

 

(the “Company”)

 

AND

 

DAOPING BAO, businessperson residing
in Richmond, British Columbia

 

(“Bao”)

 

AND

 

NANCY BRENNER, businessperson residing
in Delta, British Columbia

 

(“Brenner” together with Bao and
their permitted assigns, the “Investors”)

 

Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings set forth in that certain Merger Agreement by and among the parties hereto and
the other parties thereto, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time,
the “Merger Agreement”).

 

WHEREAS:

 

A.            The
Company has agreed, upon the terms and subject to the conditions of the Merger Agreement, to issue to the Investors [up to] _____________
of the Company’s common stock, $0.0001 value per share, and to induce the Buyer to enter into the Merger Agreement, the Company
has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder,
or any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws.

 

NOW, THEREFORE, in consideration of the
promises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Company and the Investors hereby agree as follows:

 

		1.0	DEFINITIONS

 

		1.1	As used in this Agreement, the following terms shall
have the following meanings:

 

=

 

“Person” means
any person or entity including but not limited to any corporation, a limited liability company, an association, a partnership,
an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency.

 

    	 

    	 

    

  

“Register,” “registered,”
and “registration” refer to a registration effected by preparing and filing one or more registration statements
of the Company in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule
providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering of
effectiveness of such registration statement(s) by the United States Securities and Exchange Commission (the “SEC”).

 

“Registrable Securities”
means (i) any or all of the Premier Shares which have been, or which may from time to time be, issued or issuable to the Investor
(A) under the Merger Agreement, the Pentwater Loan, the Second Loan or the Post-Closing Success Payment Agreement, or (B) pursuant
to the exchange of the Exchangeable Shares which have been, or which may from time to time be, issued or issuable to the Investor
under the Merger Agreement, the Pentwater Loan, the Second Loan or the Post-Closing Success Payment Agreement and (ii) any shares
of capital stock of the Company issued or issuable with respect to any of the foregoing as a result of any stock split, stock dividend,
recapitalization, exchange or similar event or otherwise, without regard to any limitation on purchases under the Purchase Agreement.
[Definition subject to ongoing review.]

 

“Registration Statement”
means the registration statement of the Company on Form S-3 (or if the Company is not eligible to use such form for purposes of
registering the Registrable Securities, on Form S-1) covering only the re-sale of the Registrable Securities.

 

		2.0	REGISTRATION

 

		2.1	Mandatory Registration

 

At any time after the closing of the transactions
contemplated by the Merger Agreement, the Company shall within 30 Business Days after receipt of a written request from the
Investors file with the SEC the Registration Statement. The Registration Statement shall register only the Registrable Securities
and no other securities of the Company. The Investor and its counsel shall have a reasonable opportunity to review and comment
upon such registration statement or amendment to such registration statement and any related prospectus prior to its filing with
the SEC. Investor shall furnish all information reasonably requested by the Company for inclusion therein. The Company shall use
its reasonable best efforts to have the Registration Statement or amendment declared effective by the SEC at the earliest possible
date. The Company shall use reasonable best efforts to keep the Registration Statement effective pursuant to Rule 415 promulgated
under the Securities Act and available for re-sales of all of the Registrable Securities at all times until the earlier of:

 

		(a)	the date as of which the Investor may sell all of the Registrable Securities without restriction pursuant to Rule 144(b)(1)(i)
promulgated under the Securities Act (or successor thereto); or

 

		(b)	the date on which the Investor shall have sold all the Registrable Securities

 

(the “Registration Period”).

 

The Registration Statement (including any amendments or supplements
thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state a material
fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were
made, not misleading.

 

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		2.2	Rule 424 Prospectus

 

The Company shall, as required by applicable
securities regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, the
prospectus and prospectus supplements, if any, to be used in connection with re-sales of the Registrable Securities under the Registration
Statement. The Investor and its counsel shall have a reasonable opportunity to review and comment upon such prospectus prior to
its filing with the SEC. The Investor shall use its reasonable best efforts to comment upon such prospectus within five Business
Days from the date the Investor receives the proposed final version of such prospectus.

 

		2.3	Sufficient Number of Shares Registered

 

In the event the number of shares available
under the Registration Statement is insufficient to cover all of the Registrable Securities, the Company shall amend the Registration
Statement or file a new registration statement (a “New Registration Statement”), so as to cover all of such
Registrable Securities as soon as practicable, but in any event not later than 20 Business Days after the necessity therefor
arises. The Company shall use it reasonable best efforts to cause such amendment and/or New Registration Statement to become effective
as soon as practicable following the filing thereof.

 

		3.0	RELATED OBLIGATIONS

 

With respect to the Registration Statement
and whenever any Registrable Securities are to be registered pursuant to Section 2.2 including on any New Registration Statement,
the Company shall use its reasonable best efforts to effect the registration of the Registrable Securities in accordance with the
intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations:

 

3.1         The
Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to any registration
statement and the prospectus used in connection with such registration statement, which prospectus is to be filed pursuant to Rule 424
promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any New Registration Statement
effective at all times during the Registration Period, and, during such period, comply with the provisions of the Securities Act
with respect to the disposition of all Registrable Securities of the Company covered by the Registration Statement or any New Registration
Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods
of disposition by the seller or sellers thereof as set forth in such registration statement.

 

3.2         The
Company shall permit the Investor to review and comment upon the Registration Statement or any New Registration Statement and all
amendments and supplements thereto at least five Business Days prior to their filing with the SEC, and not file any document
in a form to which Investor reasonably objects. The Investor shall use its reasonable best efforts to comment upon the Registration
Statement or any New Registration Statement and any amendments or supplements thereto within five Business Days from the date the
Investor receives the final version thereof. The Company shall furnish to the Investor, without charge any correspondence from
the SEC or the staff of the SEC to the Company or its representatives relating to the Registration Statement or any New Registration
Statement.

 

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		3.3	Upon request of the Investor, the Company shall furnish
to the Investor:

 

		(a)	promptly after the same is prepared and filed with the SEC, at least one copy of such registration statement and any amendment(s)
thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits;

 

		(b)	upon the effectiveness of any registration statement, a copy of the prospectus included in such registration statement and
all amendments and supplements thereto (or such other number of copies as the Investor may reasonably request); and

 

		(c)	such other documents, including copies of any preliminary or final prospectus, as the Investor may reasonably request from
time to time in order to facilitate the disposition of the Registrable Securities owned by the Investor. For the avoidance of doubt,
any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor”
hereunder.

 

		3.4	The Company shall use reasonable best efforts to:

 

		(a)	register and qualify the Registrable Securities covered by a registration statement under such other securities or “blue
sky” laws of such jurisdictions in the United States as the Investor reasonably requests;

 

		(b)	prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations
and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period;

 

		(c)	take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during
the Registration Period; and

 

		(d)	take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to:

 

		(i)	qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4;

 

		(ii)	subject itself to general taxation in any such jurisdiction; or

 

		(iii)	file a general consent to service of process in any such jurisdiction.

 

The Company shall promptly notify the Investor who holds Registrable
Securities of the receipt by the Company of any notification with respect to the suspension of the registration or qualification
of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United
States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

 

3.5         As
promptly as practicable after becoming aware of such event or facts, the Company shall notify the Investor in writing of the happening
of any event or existence of such facts as a result of which the prospectus included in any registration statement, as then in
effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary
to make the statements therein, in light of the circumstances under which they were made, not misleading, and promptly prepare
a supplement or amendment to such registration statement to correct such untrue statement or omission, and deliver a copy of such
supplement or amendment to the Investor (or such other number of copies as the Investor may reasonably request). The Company shall
also promptly notify the Investor in writing:

 

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		(a)	when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a registration statement
or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to the Investor by
facsimile on the same day of such effectiveness and by overnight mail);

 

		(b)	of any request by the SEC for amendments or supplements to any registration statement or related prospectus or related information;
and

 

		(c)	of the Company’s reasonable determination that a post-effective amendment to a registration statement would be appropriate.

 

3.6         The
Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of
any registration statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction and,
if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment
and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation
or threat of any proceeding for such purpose.

 

		3.7	The Company shall:

 

		(a)	cause all the Registrable Securities to be listed on each securities exchange on which securities of the same class or series
issued by the Company are then listed, if any (the “Principal Market”), if the listing of such Registrable Securities
is then permitted under the rules of such exchange; or

 

		(b)	secure designation and quotation of all the Registrable Securities on the Principal Market.

 

The Company shall pay all fees and expenses in connection with
satisfying its obligation under this Section.

 

3.8         Upon
the Investor’s written request, the Company shall cooperate with the Investor to facilitate the timely preparation and delivery
of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to any registration
statement and enable such certificates to be in such denominations or amounts as the Investor may reasonably request and registered
in such names as the Investor may request.

 

3.9         The
Company shall at all times provide a transfer agent and registrar with respect to its Common Stock.

 

		3.10	If reasonably requested by the Investor, the Company
shall:

 

		(a)	immediately incorporate in a prospectus supplement or post-effective amendment such information as the Investor reasonably
believes should be included therein relating to the sale and distribution of Registrable Securities, including, without limitation,
information with respect to the number of Registrable Securities being sold, the purchase price being paid therefor and any other
terms of the offering of the Registrable Securities;

 

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		(b)	make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be
incorporated in such prospectus supplement or post-effective amendment; and

 

		(c)	supplement or make amendments to any registration statement.

 

3.11        The
Company shall use its reasonable best efforts to cause the Registrable Securities covered by any registration statement to be registered
with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable
Securities.

 

3.12        Within
one Business Day after any registration statement which includes the Registrable Securities is ordered effective by the SEC,
the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable
Securities (with copies to the Investor) confirmation that such registration statement has been declared effective by the SEC in
the form attached hereto as Schedule A. Thereafter, if requested by the Investors at any time, the Company shall require its
counsel to deliver to the Investors a written confirmation whether or not the effectiveness of such registration statement has
lapsed at any time for any reason (including, without limitation, the issuance of a stop order) and whether or not the registration
statement is current and available to the Investors for sale of all of the Registrable Securities.

 

3.13        The
Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable
Securities pursuant to any registration statement.

 

		4.0	OBLIGATIONS OF THE INVESTOR

 

4.1         The
Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection
with any registration statement hereunder. The Investor shall furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required
to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration
as the Company may reasonably request.

 

4.2         The
Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing
of any registration statement hereunder.

 

4.3         The
Investor agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind
described in Section 3.6 or the first sentence of 3.5, the Investor will immediately discontinue disposition of Registrable
Securities pursuant to any registration statement(s) covering such Registrable Securities until the Investor’s receipt of
the copies of the supplemented or amended prospectus contemplated by Section 3.6 or the first sentence of 3.5. Notwithstanding
anything to the contrary, the Company shall cause its transfer agent to promptly deliver shares of Common Stock without any restrictive
legend in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect
to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from the Company of
the happening of any event of the kind described in Section 3.6 or the first sentence of Section 3.5 and for which the
Investor has not yet settled.

 

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		5.0	EXPENSES OF REGISTRATION

 

5.1            All
reasonable expenses, other than sales or brokerage commissions, incurred in connection with registrations, filings or qualifications
pursuant to Sections 2.0 and 3.0, including, without limitation, all registration, listing and qualifications fees, printers
and accounting fees, and fees and disbursements of counsel for the Company, if any, shall be paid by the Company.

 

		6.0	INDEMNIFICATION

 

6.1         To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, each
Person, if any, who controls the Investor, the members, the directors, officers, partners, employees, agents, representatives of
the Investor and each Person, if any, who controls the Investor within the meaning of the Securities Act or the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) (each, an “Indemnified Person”), against
any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement
or expenses, joint or several (collectively, “Claims”), incurred in investigating, preparing or defending any
action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental,
administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party
is or may be a party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such
Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon:

 

		(a)	any untrue statement or alleged untrue statement of a material fact in the Registration Statement, any New Registration Statement
or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities
or other “blue sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue Sky Filing”),
or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements
therein not misleading;

 

		(b)	any untrue statement or alleged untrue statement of a material fact contained in the final prospectus (as amended or supplemented,
if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein
any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein
were made, not misleading;

 

		(c)	any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law, including, without
limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities
pursuant to the Registration Statement or any New Registration Statement; or

 

		(d)	any material violation by the Company of this Agreement (the matters in the foregoing clauses (a) through (d) being, collectively,
“Violations”).

 

The Company shall reimburse each Indemnified Person promptly
as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them
in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 6.1:

 

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		(e)	shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon
and in conformity with (a) information about the Investor furnished in writing to the Company by such Indemnified Person expressly
for use in connection with the preparation of the Registration Statement, any New Registration Statement or any such amendment
thereof or supplement thereto or (b) information that such Indemnified Person instructed the Company to include in the Registration
Statement pursuant to Section 3.10;

 

		(f)	with respect to any superceded prospectus, shall not inure to the benefit of any such person from whom the person asserting
any such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any person controlling such
person) if the untrue statement or omission of material fact contained in the superceded prospectus was corrected in the revised
prospectus, as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant to Section 3.3
or Section 3.5, and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior to the
use giving rise to a Violation and such Indemnified Person, notwithstanding such advice, used it;

 

		(g)	shall not be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered
the prospectus made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3.3
or Section 3.5; and

 

		(h)	shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent
of the Company, which consent shall not be unreasonably withheld.

 

Such indemnity shall remain in full force and effect regardless
of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities
by the Investor pursuant to Section 9.0.

 

6.2          In
connection with the Registration Statement or any New Registration Statement, the Investor agrees to severally and not jointly
indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6.1, the Company,
each of its directors, each of its officers who signs the Registration Statement or any New Registration Statement, each Person,
if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (collectively and together with an
Indemnified Person, an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may
become subject, under the Securities Act, the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out
of or are based upon any Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance
upon and in conformity with written information about the Investor furnished to the Company by the Investor expressly for use in
connection with such registration statement or furnished by the Investor to the Company for inclusion in such registration statement
under Section 3.10; and, subject to Section 6.4, the Investor will reimburse any legal or other expenses reasonably incurred
by them in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained
in this Section 6.2 and the agreement with respect to contribution contained in Section 7.0 shall not apply to amounts
paid in settlement of any Claim if such settlement is effected without the prior written consent of the Investor, which consent
shall not be unreasonably withheld; provided, further, however, that the Investor shall be liable under this Section 6.2 for
only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to the Investor as a result of the sale
of Registrable Securities pursuant to such registration statement. Such indemnity shall remain in full force and effect regardless
of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities
by the Investor pursuant to Section 9.0.

 

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6.3          Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 6.0 of notice of the commencement of any action
or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party
shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6.0, deliver to the indemnifying
party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to
the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of
the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified
Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its
own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained
by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying
party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party
and any other party represented by such counsel in such proceeding. The Indemnified Party or Indemnified Person shall cooperate
fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying
party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified
Person which relates to such action or claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully
apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party
shall be liable for any settlement of any action, claim or proceeding effected without its written consent, provided, however,
that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without
the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other
compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified
Party or Indemnified Person of a release from all liability in respect to such claim or litigation. Following indemnification as
provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person
with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure
to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve
such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6.0, except to
the extent that the indemnifying party is prejudiced in its ability to defend such action.

 

6.4          The
indemnification required by this Section 6.0 shall be made by periodic payments of the amount thereof during the course of
the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

 

		6.5	The indemnity agreements contained herein shall be in
addition to:

 

		(a)	any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others;
and

 

		(b)	any liabilities the indemnifying party may be subject to pursuant to the law.

 

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		7.0	CONTRIBUTION

 

7.1          To
the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6.0 to the fullest
extent permitted by law; provided, however, that:

 

		(a)	no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation;
and

 

		(b)	contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such
seller from the sale of such Registrable Securities.

 

		8.0	REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS

 

8.1          With
a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar
rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without
registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:

 

		(a)	make and keep public information available, as those terms are understood and defined in Rule 144;

 

		(b)	file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is
required for the applicable provisions of Rule 144;

 

		(c)	furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request:

 

		(i)	a written statement by the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the
Securities Act and the Exchange Act;

 

		(ii)	a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company;
and

 

		(iii)	such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144
without registration (for the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall
be deemed “furnished to the Investor” hereunder); and

 

		(d)	take such additional action as is requested by the Investor to enable the Investor to sell the Registrable Securities pursuant
to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions
to the Company’s Transfer Agent as may be requested from time to time by the Investor and otherwise reasonably cooperate
with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144.

 

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8.2          The
Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8.0 and
that Investor shall, whether or not it is pursuing any remedies at law, be entitled to equitable relief in the form of a preliminary
or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such terms
or provisions.

 

		9.0	ASSIGNMENT OF REGISTRATION RIGHTS

 

9.1          The
Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investor.
The Investor may not assign its rights under this Agreement without the written consent of the Company, other than to an affiliate
of the Investor.

 

		10.0	AMENDMENT OF REGISTRATION RIGHTS

 

10.1        Provisions
of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company and the Investor.

 

		11.0	MISCELLANEOUS

 

11.1        A
Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the
same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered
owner of such Registrable Securities.

 

11.2        Any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be
in writing and will be deemed to have been delivered:

 

		(a)	upon receipt, when delivered personally;

 

		(b)	upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and
kept on file by the sending party); or

 

		(c)	one Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed
to the party to receive the same.

 

The addresses and facsimile numbers for such communications
shall be:

 

If to the Company:

 

PREMIER EXHIBITIONS, INC.

3340 Peachtree Road N.E.

Atlanta, GA 30326

 

	Attention:	Chief Financial Officer
	Telephone:	404-842-2600
	Facsimile:	404-842-2626

 

    	- 11 -

    	 

    

  

With a copy to:

 

Derek Bork

Thompson Hine LLP

3900 Key Center

127 Public Square

Cleveland, Ohio 44114-1291

 

	Telephone:	(216) 566-5800
	Facsimile:	(216) 566-5527 

 

If to the Investor:

 

Dinoking Tech Inc.

#110 - 11188 Featherstone Way

Richmond, British Columbia V6W 1K9

Canada 

	Attention:	Chief Executive Officer
	Facsimile:	(604) 277-1617

 

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

 

Dentons Canada LLP

20th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada 

	Attention:	Catherine Wade
	Facsimile:	(604) 683-5214

 

or at such other address and/or facsimile number and/or to the
attention of such other person as the recipient party has specified by written notice given to each other party three Business
Days prior to the effectiveness of such change. Written confirmation of receipt:

 

		(d)	given by the recipient of such notice, consent, waiver or other communication;

 

		(e)	mechanically or electronically generated by the sender’s facsimile machine containing the time, date, recipient facsimile
number and an image of the first page of such transmission; or

 

		(f)	provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by
facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (a), (b) or (c) above,
respectively.

 

11.3        Failure
of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or
remedy, shall not operate as a waiver thereof.

 

    	- 12 -

    	 

    

  

11.4        All
questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal
laws of the State of Florida, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of Florida or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of
Florida. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State
of Florida, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that
it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient
forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of
process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at
the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner
permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the
validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES
ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH
OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

11.5       This
Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There
are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement
supersedes all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.

 

11.6       Subject
to the requirements of Section 9.0, this Agreement shall inure to the benefit of and be binding upon the permitted successors
and assigns of each of the parties hereto.

 

11.7       The
headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

11.8       This
Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party so delivering
this Agreement.

 

11.9       Each
party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver
all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry
out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

11.10     The
language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules
of strict construction will be applied against any party.

 

    	- 13 -

    	 

    

  

11.11     This
Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for
the benefit of, nor may any provision hereof be enforced by, any other Person.

 

IN WITNESS WHEREOF, the parties have caused
this Registration Rights Agreement to be duly executed as of day and year first above written.

 

	PREMIER EXHIBITIONS, INC.	 
	 	 	 
	By: 	   	 
	 	Name:	 
	 	Title:	 
	 	 	 
	By: 	 	 
	 	Daoping Bao	 
	 	 	 
	By: 	 	 
	 	Nancy Brenner	 

 

    	- 14 -

    	 

    

 

Schedule A

 

TO REGISTRATION
RIGHTS AGREEMENT

 

Form
of Notice of Effectiveness of Registration Statement 

 

[Date] 

 

[TRANSFER AGENT]

____________________________

____________________________

 

Re: [___]

 

Ladies and Gentlemen:

 

We are counsel to PREMIER EXHIBITIONS, INC.,
a Florida corporation (the “Company”). The Company is party to that certain Merger Agreement, dated as of [___],
2015 (the “Merger Agreement”), entered into by and between the Company, Dinoking Tech, Inc., a company existing
under the laws of the Province of British Columbia (“DK”), [●] LTD., a company existing under the laws
of the Province of British Columbia (“Exchangeco”), [●] LTD., a company existing under the laws of the
Province of British Columbia (“Newco”), Daoping Bao, a businessperson residing in Richmond, British Columbia
(“Bao”), and Nancy Brenner, a businessperson residing in Delta, British Columbia (“Brenner”
and together with Bao, the “Investors”), pursuant to which the Company agreed to issue to the Investors and
register with the U.S. Securities & Exchange Commission the following shares of Common Stock:

 

	(1)	 	 
	 	 	 
	(2)	 	 (collectively, the “Applicable Shares”).

 

Pursuant to the Merger Agreement, the Company
also entered into a Registration Rights Agreement, dated as of [___], 2015, with the Investors (the “Registration Rights
Agreement”) pursuant to which the Company agreed, among other things, to register the Applicable Shares under the Securities
Act of 1933, as amended (the “Securities Act”). In connection with the Company’s obligations under the
Merger Agreement and the Registration Rights Agreement, on [___], 2015, the Company filed a Registration Statement (File No. 333-[___])
(the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating
to the re-sale of the Applicable Shares.

 

In connection with the foregoing, we advise
you that on [___], 2015, a member of the SEC’s staff has advised us by telephone that the SEC has entered an order declaring
the Registration Statement effective under the Securities Act at [___] on [___], 2015 and we have no knowledge, after telephonic
inquiry of a member of the SEC’s staff, that any stop order suspending its effectiveness has been issued or that any proceedings
for that purpose are pending before, or threatened by, the SEC and the Applicable Shares are available for re-sale under the Securities
Act pursuant to the Registration Statement and may issued without any restrictive legend.

 

    	 

    	 

    

  

	Very truly yours,	 
	 	 
	[Company Counsel]	 
	 	 
	By: 	      	 
	 	 
	cc:  Daoping Bao and Nancy Brenner	 

 

    	- 2 -Exhibit
10.7

 

NEITHER
THIS NOTE NOR THE COMMON STOCK INTO WHICH IT MAY BE CONVERTED HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR ANY STATE SECURITIES LAWS, AND NEITHER MAY BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS SO REGISTERED OR UNLESS SOLD
PURSUANT TO AN EXEMPTION THEREFROM.

 

AMENDED AND RESTATED

SECURED PROMISSORY NOTE AND GUARANTEE

 

April 2, 2015

 

FOR VALUE RECEIVED,
Premier Exhibitions, Inc., a Florida corporation (the “Maker”) hereby promises to pay to the order of Daoping
Bao (the “Agent” and the “Payee”) for and on behalf of the Lenders (as defined below), the
principal sum set out on the grid attached to this Note, not to exceed THIRTEEN MILLION FIVE HUNDRED THOUSAND U.S DOLLARS ($13,500,000)
together with interest, in each case in the manner described herein. Certain terms used herein are defined in Annex A.

 

This Amended
and Restated Secured Promissory Note and Guarantee (this “Note”) amends and restates in their entirety (a) that
certain PWCM Master Fund Ltd. Secured Promissory Note and Guarantee, dated as of September 30, 2014, made by Maker in favor PWCM
Master Fund Ltd. in the principal amount of Seven Million U.S. Dollars, and (b) that certain Pentwater Credit Opportunities Master
Fund Ltd Secured Promissory Note and Guarantee, dated as of September 30, 2014, made by Maker in favor Pentwater Credit Opportunities
Master Fund Ltd. in the principal amount of One Million U.S. Dollars, in each case as assigned to Payee pursuant to that certain
Assignment and Assumption Agreement, dated as of April 2, 2015 (collectively the “Existing Promissory Notes”)
and is amended to increase the principal amount that may be advanced by the Payee and may be drawn by the Maker by up to an additional
Five Million Five Hundred Thousand U.S. Dollars (the “Additional Principal Amount”) for an aggregate principal amount
not to exceed Thirteen Million Five Hundred Thousand U.S. Dollars. Upon the effectiveness of this Note, the terms and provisions
of the Existing Promissory Notes shall be superseded hereby.  Notwithstanding the amendment and restatement of the Existing
Promissory Notes by this Note, the obligations outstanding under the Existing Promissory Notes as of April 2, 2015 shall remain
outstanding and constitute continuing Obligations hereunder.  Such outstanding Obligations and the guarantees of payment thereof
by the Guarantors shall in all respects be continuing, and this Note shall not be deemed to evidence or result in a novation or
repayment and re-borrowing of such Obligations.  In furtherance of and, without limiting the foregoing, from and after the
date hereof and except as expressly specified herein, the terms, conditions, and covenants governing the obligations outstanding
under the Existing Promissory Notes shall be solely as set forth in this Note, including, without limitation, the Guarantors guarantees
hereunder, which shall supersede the Existing Promissory Notes and guarantees provided therein in their entirety;

 

The lenders
under this Note are listed in Appendix A hereto (the “Lenders”) and have authorized the Agent to act for and on their
behalf in respect of all matters related to this Note. Agent hereby represents and warrants to Maker that the Lenders have granted
Agent such authority and that all Lenders have agreed to the terms and conditions of this Note. The respective obligations of the
Lenders hereunder are joint and several and the failure of any Lender to make any loan hereunder or to perform any of its obligations
hereunder shall not relieve any other Lender from any of its obligations hereunder.

 

1.          Draw
Downs. Agent and the Lenders hereby agree to make advances to Maker as follows:

 

    	 

    	 

    

 

a.           an
advance by way of payoff of the Existing Promissory Notes, such advance to be made directly to the holders of the Existing Promissory
Notes in the specific amounts owing to each of them on the date hereof representing the aggregate amount of $8,000,000;

 

b.           within
five business days after receipt of a written notice from Maker requesting the second advance, an advance of $3,500,000 to be made
between April 15, 2015 and April 30, 2015; provided that the proceeds of such advance shall be used solely for expenses related
to (1) the build-out of the “Saturday Night Live: The Exhibition” project and (2) construction of Maker’s new
facility located at 417 5th Avenue, New York, New York; and

 

c.           within
five business days after receipt of a written notice from Maker requesting the third advance, an advance of $2,000,000 to be made
between May 15, 2015 and May 30, 2105,

 

provided that, (i) with
respect to the request of an advance under Sections 1(b) or (c), the Agent and the Lenders are not required to make such advance
if there shall have been an Event of Default under this Note relating to either the Maker or any Guarantor; and (ii) with respect
to the advance under Section 1(b), the Agent and the Lenders are not required to make such advance if the requested drawdown is
made at a time when the Business Cash Flow of the Maker set out at Schedule 6 hereto is less than 85% of the cumulative projected
cash flow since the date of this Note.

 

In connection with the foregoing,
the Agent and the Lenders agree that each advance hereunder shall be made via wire transfer to an account designated by Maker (and
provided to Agent) on or prior to the date of such advance.

 

2.          Payments
of Principal. Subject to the acceleration provisions of Section 11, all unpaid principal, fees and accrued and unpaid interest
shall be due and payable in full on April 2, 2016 (the “Maturity Date”).

 

3.          Interest.
The unpaid principal amount of this Note shall accrue interest on the basis of a 360 day year at 12% per annum, provided that
upon the occurrence and during the continuance of an Event of Default, at the option of the Payee (other than with respect to an
Event of Default under Section 10(e) hereof, in which case it shall be automatic), the outstanding principal amount of this Note
and any accrued and unpaid interest and all other overdue amounts shall each bear interest until paid at the stated rate plus 3%
per annum. Accrued interest shall be payable (a) upon the payment or prepayment of any principal owing under this Note (but only
on the principal amount so paid or prepaid), (b) on the last business day of each month and (c) on the Maturity Date. In the event
of a conversion of this Note prior to the Maturity Date pursuant to the terms set forth in Section 6, all accrued and unpaid interest
shall be added to the principal amount being converted as of the date of conversion to determine the amount of securities into
which this Note shall be converted.

 

4.          Prepayments.
Immediately upon a Change of Control, other than a Permitted Change of Control, the Maker shall repay all unpaid principal at 105%
of the principal amount outstanding plus all accrued and unpaid interest thereon and all other amounts hereunder. In addition,
subject to the below, the Maker may at any time and from time to time prepay any principal amount of this Note in whole or in part
subject to the below. Any repayment or prepayment, whether voluntary, mandatory, upon acceleration, or otherwise shall be made
at 105% of the principal amount hereof and in the case of a conversion upon a Change of Control (other than a Permitted Change
of Control), the principal amount shall be converted at 105% of the principal amount. If the Maker elects to prepay all or any
part of this Note, it shall provide written notice of such election (a "Prepayment Notice") to the Payee fixing
a date for prepayment of such amounts (the "Prepayment Date"), which date shall not be earlier than the fifth
(5th) Business Day after the date of the Prepayment Notice (provided that the Maker shall have confirmed the Payee’s receipt
of the Prepayment Notice on or prior to such date).

 

    	2

    	 

    

 

5.          Payment
Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Agent for and on behalf
of the Lenders and shall be paid in cash in immediately available funds in lawful money of the United States by wire transfer to
the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made without withholding,
defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied
first to expenses recoverable under Section 16, then accrued interest and then to principal. If the due date of any payment under
this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business
day, and interest shall be payable on any principal so extended for the period of such extension.

 

6.          Conversion.

 

(a)        Automatic Conversion. This Note shall, on the first Business Day after Shareholder Approval has been obtained (the “Conversion
Date”), automatically be converted with respect to the entire principal amount of this Note then outstanding (plus accrued
but unpaid interest thereon) into Common Stock of the Maker.

 

(b)        Conversion
Price. In the event of any conversion under this Section 6, the price at which the principal amount of this Note shall be converted
into shares of Common Stock of the Maker is $4.48, subject to adjustment as set forth herein (the "Conversion Price").
This Note shall be convertible into the number of fully paid and non-assessable shares of Common Stock equal to the quotient of
(x) the principal amount of this Note being converted plus all accrued and unpaid interest with respect to such principal, divided
by (y) the Conversion Price. No fractional shares of Common Stock shall be issued upon conversion of the Convertible Note. If the
conversion would result in the issuance of any fractional share, the Maker shall, in lieu of issuing any fractional share, either,
at its option, pay the Payee cash equal to the product of such fraction multiplied by the closing price of the Maker’s Common
Stock on the Applicable Market on the Business Day immediately prior to the Conversion Date or round such fraction of a share up
to the nearest whole share.

 

(c)         Conversion
Mechanics. In connection with any conversion by the Payee under this Section 6, the Payee shall (i) surrender this Note
to the Maker, and (ii) pay any transfer or similar tax if required. The Maker shall, promptly after surrender of this Note,
issue to the Payee, or its designees, a certificate or certificates evidencing the number of shares of Common Stock of the Maker
to which it shall be entitled. Such conversion shall be deemed to have been made immediately prior to the close of business on
the Conversion Date and surrender of this Note, and the Person or Persons entitled to receive the shares of Common Stock of the
Maker issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common
Stock as of such time and shall, with respect to such shares, have all of those rights of a holder of shares of Common Stock of
the Maker.

 

7.          Adjustments;
Reorganizations.

 

(a)         Adjustment
for Stock Splits and Combinations. If the outstanding shares of Common Stock of the Maker shall be subdivided into a greater
number of shares, or a dividend in Common Stock or other securities of the Maker convertible into or exchangeable for Common Stock
(in which latter event the number of shares of Common Stock issuable upon the conversion or exchange of such securities shall be
deemed to have been distributed) shall be paid in respect to the Common Stock of the Maker, the Conversion Price in effect immediately
prior to such subdivision or at the record date of such dividend shall, simultaneously with the effectiveness of such subdivision
or immediately after the record date of such dividend, be proportionately reduced, and conversely, if outstanding shares of the
Common Stock of the Maker shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to
such combination shall simultaneously with the effectiveness of such combination, be proportionately increased. Any adjustment
to the Conversion Price under this Section 7(a) shall become effective at the close of business on the date the subdivision or
combination referred to herein becomes effective.

 

    	3

    	 

    

 

(b)        Reorganizations,
Mergers, Consolidations or Reclassifications. In the event of any capital reorganization, any reclassification of the Common
Stock of the Maker (other than a change in par value), or the consolidation or merger of the Maker with or into another Person
(each a "Reorganization"), the Payee shall thereafter be entitled to receive, and provision shall be made therefor
in any agreement relating to a Reorganization, upon conversion of this Note (or deemed conversion of this Note in the event that
the Reorganization is consummated at such time as this Note is not otherwise convertible under the terms hereof), the kind and
number of shares of Common Stock or other securities or property (including cash) of the Maker, or other corporation resulting
from or surviving such Reorganization, to which a holder of the number of shares of the Common Stock of the Maker which this Note
entitled the holder thereof to convert into immediately prior to such Reorganization would have been entitled to receive with respect
to such Reorganization; and in any such case appropriate adjustment shall be made in the application of the provisions herein set
forth with respect to the rights and interests thereafter of the Payee of this Note, to the end that the provisions set forth herein
(including the specified changes and other adjustments to the Conversion Price) shall thereafter be applicable, as nearly as reasonably
may be, in relation to any shares, other securities or property thereafter receivable upon conversion of this Note. In the event
of a Reorganization in which the equity securities of the Maker into which this Note is then convertible are exchangeable for or
convertible into securities of another issuer, the shares of common stock of which are securities registered under or subject to
Section 12 or 15(d) of the Securities Exchange Act of 1934, as amended, any agreement relating to such Reorganization shall provide
for the assumption of this Note by such issuer, to the extent not previously converted or redeemed, which Note shall thereafter
be convertible into the shares of common stock of such issuer on the basis set forth in this Section 7(b). The provisions of this
Section 7(b) shall similarly apply to successive Reorganizations.

 

(c)         Reservation
of Stock Issuable Upon Conversion. The Maker shall, at all times after the Shareholder Approval has been obtained, reserve
and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the full conversion
of this Note, such number of shares of Common Stock as shall from time to time be sufficient to effect a full conversion of this
Note, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the full
conversion of all then outstanding Note, the Maker shall promptly take such corporate action as may, in the opinion of its counsel,
be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for
such purpose.

 

(d)        No
Impairment. The Maker shall not participate in any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance
of any of the terms to be observed or performed hereunder by the Maker, but shall at all times in good faith use its best efforts
in carrying out all such action as may be reasonably necessary or appropriate in order to protect the conversion rights of the
Payee against dilution or other impairment.

 

    	4

    	 

    

 

8.          Guarantee.
  The Guarantors hereby jointly and severally guarantee to the Payee and its successors and assigns the prompt payment in full
when due (whether at stated maturity, by acceleration or otherwise, including amounts that would become due but for the operation
of the automatic stay under the Debtor Relief Laws) of the Obligations. The Guarantors hereby further jointly and severally agree
that if the Maker shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise, including amounts
that would become due but for the operation of the automatic stay under the Debtor Relief Laws) any of the Obligations strictly
in accordance with the terms of any document or agreement evidencing any such Obligations, including in the amounts, in the currency
and at the place expressly agreed to thereunder, irrespective of and without giving effect to any law, order, decree or regulation
in effect from time to time of the jurisdiction where the Maker, any Guarantor or any other person obligated on any such Obligations
is located, the Guarantors will promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension
of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity,
by acceleration or otherwise) in accordance with the terms of such extension or renewal. The obligations of the Guarantors under
this Section 8 are primary, absolute and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity
or enforceability of the obligations of the Maker under this Note, or any substitution, release or exchange of any other guarantee
of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance
whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent
of this Section 8 that the obligations of the Guarantors hereunder shall be absolute and unconditional, joint and several, under
any and all circumstances and shall apply to any and all Obligations now existing or in the future arising. The guarantee in this
Section 8 is a continuing guarantee and is a guaranty of payment and not merely of collection, and shall apply to all Obligations
whenever arising.

 

9.          Security
Grant. As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise)
of all Obligations, each of the Obligors hereby pledges and grants to the Payee a security interest in all of such Obligor’s
right, title and interest in the following property, assets and revenues, whether now owned by such Obligor or hereafter acquired
and whether now existing or hereafter coming into existence (all of the property, assets and revenues described in this Section 9
being collectively referred to herein as the “Collateral”):

 

(a)         all
accounts, as-extracted collateral, chattel paper (whether tangible or electronic), commercial tort claims, deposit accounts, documents,
equipment, financial assets, fixtures, general intangibles, goods, pledged shares, instruments (including promissory notes), insurance,
intellectual property, inventory, investment property, letter-of-credit rights, , payment intangibles, receivables and receivables
records, securities, securities accounts, security entitlements and software (as each such term is defined in the UCC);

 

(b)         all
other tangible and intangible property whatsoever; and

 

(c)         all
proceeds of and to any of the Collateral,

 

provided that Collateral
shall not include the Titanic Assets but in any event the Collateral shall include any and all proceeds of the Titanic Assets and
all revenues, contracts and agreements arising out of the Titanic Assets, except with respect to any such proceeds, revenues, contracts
and agreements received or entered into in violation of the Titanic Documents (such proceeds, revenues, contracts and agreements
being referred to as the “Titanic Proceeds and Agreements”).

 

10.         Events
of Default. An “Event of Default” shall exist hereunder if any one or more of the following events shall
occur:

 

(a)         the
Maker shall fail (i) to pay any principal or any portion thereof when due, or (ii) to pay any interest or any portion thereof or
any other amount hereunder within three business days the same becomes due; or

 

    	5

    	 

    

 

(b)          any
Premier Party shall fail to perform or observe any term, covenant or agreement to be performed or observed by it contained in Sections
13 or 14; or

 

(c)          any
Obligor shall fail to perform or observe any other covenant or agreement contained herein for ten days after notice thereof; or

 

(d)          any
material representation or warranty of any Obligor made herein or in connection herewith proves to have been materially incorrect
when made or reaffirmed; or

 

(e)          any
Premier Party institutes or consents to any proceeding under any bankruptcy laws relating to it or to all or any part of its property,
or is unable or admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors;
or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator
or similar officer is appointed without the application or consent of any Premier Party, as applicable; or any proceeding under
a Debtor Relief Law relating to any Premier Party or to all or any part of its property is instituted without its consent and remains
undismissed for thirty (30) days from the commencement of any such proceeding; or any judgment, writ, warrant of attachment or
execution or similar process is issued or levied against all or any material part of its property and is not released, vacated
or fully bonded within ten calendar days after its issue or levy; or

 

(f)          (i)
a judgment against any Premier Party is entered for the payment of money exceeding $1,000,000 or (ii) a judgment against any Premier
Party is entered that could result in a Lien on any of its property; and, absent procurement of a stay of execution, any such judgment
(under clause (i) or (ii)) remains unbonded or unsatisfied for ten calendar days after the date of entry of judgment, or in any
event later than 60 days prior to the date of any proposed sale thereunder; or

 

(g)          (i)
failure of any Premier Party to pay when due any principal of or interest on or any other amount payable in respect of one or more
items of Indebtedness (other than Indebtedness under this Note) with an aggregate principal amount of $1,000,000 or more, in each
case beyond the grace period, if any, provided therefor or (ii) breach or default by any Premier Party with respect to any term
of (1) one or more items of Indebtedness in the aggregate principal amounts referred to in clause (i) above or (2) any loan agreement,
mortgage, indenture or other agreement relating to such Indebtedness, in each case beyond the grace period, if any, provided therefor,
if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf
of such holder or holders), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated
maturity or the stated maturity of any underlying obligation, as the case may be; or

 

(h)          (i)
there shall occur any material damage to or loss of any material portion of the Titanic Assets or (ii) there shall be any material
prohibition or material restriction on the ability of the Obligors to display or exhibit the Titanic Assets other than as set forth
in the Titanic Documents on the date hereof, in each case that prevents PEM from operating exhibitions of the Titanic Assets; or

 

(i)           there
shall have occurred any condition or event that has or is reasonably likely to have a Material Adverse Effect;

 

    	6

    	 

    

 

(j)           if
the Shareholder Approval is not obtained on or prior to the date that is 180 days after the Special Meeting; or

 

(k)          any
Obligor shall contest the validity or enforceability of any part of this Note.

 

11.         Remedies.
Upon the occurrence of any Event of Default specified in Section 10(e) above, the principal amount of this Note together with any
interest thereon, all fees and all other Obligations (including the Prepayment Premium) shall become immediately and automatically
due and payable, without presentment, demand, notice, protest or other requirements of any kind (all of which are hereby expressly
waived by the Maker). Upon the occurrence and during the continuance of any other Event of Default, the Payee may, by written notice
to the Maker, declare the principal amount of this Note together with any interest thereon to be due and payable, and the principal
amount of this Note together with any such interest shall thereupon immediately become due and payable without presentment, further
notice, protest or other requirements of any kind (all of which are hereby expressly waived by the Maker). Following any such demand,
the Maker shall immediately pay to such holder all amounts due and payable with respect to this Note. If an Event of Default shall
have occurred and is continuing the Payee shall have all of the rights and remedies with respect to the Collateral of a secured
party under the UCC (whether or not the UCC is in effect in the jurisdiction where the rights and remedies are asserted) and such
additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights
and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual
and other powers of ownership pertaining to the Collateral as if the Payee were the sole and absolute owner thereof (and each Obligor
agrees to take all such action as may be appropriate to give effect to such right), in each case subject to the Payee’s compliance
with the Titanic Documents. Notwithstanding the foregoing, the Payee’s exercise of its rights and remedies with respect to
the Titanic Proceeds and Agreement, and the rights and obligations of any subsequent transferee (but not a pledgee) of the RMST
Shares, are governed by and subject to the terms and conditions of the Titanic Documents.

 

If the Obligations are accelerated for
any reason, including because of default, sale, transfer or encumbrance (including that by operation of law or otherwise), the
Prepayment Premium will also be automatically due and payable regardless of whether the Obligations were voluntarily or involuntarily
prepaid, repaid, paid, satisfied, distributed or discharged and shall constitute part of the Obligations, in view of the impracticability
and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of
the Payee’s lost profits as a result thereof.  Any Prepayment Premium payable above shall be presumed to be the liquidated
damages sustained by the Payee as the result of the early termination and the Maker agrees that it is reasonable under the circumstances
currently existing.  THE MAKER EXPRESSLY WAIVES THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW WHICH PROHIBITS OR
MAY PROHIBIT THE COLLECTION OF THE FOREGOING PREPAYMENT PREMIUM OR DAMAGES IN CONNECTION WITH ANY SUCH VOLUNTARY OR INVOLUNTARY
ACCELERATION OF THIS NOTE, ANY RECISSION OF SUCH ACCELERATION, THE EARLIER MATURITY OF THIS NOTE OR THE COMMENCEMENT OF ANY INSOLVENCY
PROCEEDING OR OTHER PROCEEDING PURSUANT TO ANY DEBTOR RELIEF LAWS, OR PURSUANT TO A PLAN OF REORGANIZATION.  The Maker expressly
agrees that: (A) the Prepayment Premium and any discount on the loan provided for herein is reasonable and is the product of an
arm’s length transaction between sophisticated business people, ably represented by counsel, (B) the Prepayment Premium shall
be payable notwithstanding the then prevailing market rates at the time payment is made, (C) there has been a course of conduct
between the Payee and the Maker giving specific consideration in this transaction for such agreement to pay the Prepayment Premium
and (D) the Maker shall be estopped hereafter from claiming differently than as agreed to in this paragraph.  The Maker expressly
acknowledges that its agreement to pay the Prepayment Premium to the Payee as herein described is a material inducement to the
Payee to accept this Note.

 

    	7

    	 

    

 

12.         Obligors’
Representations. Each Obligor represents and warrants to the Payee as follows

 

(a) General
Representations. It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization
and has full power and authority to execute, deliver and perform its obligations under this Note.  It has duly authorized
and taken all other appropriate action for the execution, delivery and performance of this Note and any other document or instrument
delivered pursuant hereto or in connection herewith and the consummation of the transactions provided for in this Note.  It
has duly executed and delivered this Note and this Note constitutes its legal, valid and binding obligation, enforceable in accordance
with its terms except as enforceability thereof may be limited by bankruptcy, insolvency, moratorium and similar laws and by equitable
principles, whether considered at law or in equity.  Its execution and delivery of this Note, the performance of the transactions
contemplated by this Note and the fulfillment of the terms of this Note will not (i) conflict with or violate any of its constitutive
documents or its contractual obligations, (ii) conflict with or violate any order, judgment or decree of governmental authority
binding on it, (iii) require any approval of its equityholders or any approval or consent of any Person under any contractual obligation
of such Obligor, except for such approvals or consents which will be obtained on or before the date hereof, or (iv) conflict with
or violate any applicable laws, or (v) result in or require the creation or imposition of any Lien upon any of its properties or
assets (other than any Liens created hereunder).  It has duly obtained, effected or given all authorizations, consents, licenses,
orders or approvals of or registrations or declarations with any governmental authority or any other Person required in connection
with the execution and delivery of this Note and the performance of the transactions contemplated by this Note, and such authorizations,
consents, licenses, orders or approvals of or registrations or declarations are in full force and effect. There has been no increase
in salary or other compensation (cash or otherwise) payable or to become payable to any director, officer, contractor or advisor
of an Obligor. There are no actions, suits or proceedings by or before any arbitrator or governmental authority pending against
or, to the knowledge of such Obligor, threatened against or affecting any Premier Party (A) as to which there is a reasonable
possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect or (B) that involve this Note or the transactions contemplated hereby. It
is not an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. None
of the reports, financial statements, certificates or other information furnished by or on behalf of such Obligor in connection
with this Note contains any material misstatement of fact or omits to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading.

 

    	8

    	 

    

 

(b)         Collateral
Representations. It owns the Collateral purported to be owned by it or otherwise has rights or the power to transfer rights
in the Collateral in which it purports to grant a security interest hereunder and no Lien exists upon the Collateral other than
(i) the security interest created or provided for herein and (ii) Permitted Liens. The full and correct legal name, type
of organization, jurisdiction of organization and mailing address of each Obligor are correctly set forth in Schedule 1. Except
as set forth in the disclosures in the first six paragraphs of Item 1 of Part 1 of the Maker’s Annual Report on Form 10-K
for the fiscal year ended February 28, 2014, no Obligor has been known by or used any other legal or fictitious name or been a
party to any merger or consolidation, or acquired all of the assets of any Person, or acquired any of its property or assets out
of such Obligor’s ordinary course of business. Each Obligor has not (A) within the period of four months prior to the
date hereof, changed its location (as defined in Section 9-307 of the UCC), (B) since January 28, 2009 changed its name,
(C)  heretofore become a “new debtor” (as defined in Section 9-102(a)(56) of the UCC) with respect to a currently
effective security agreement previously entered into by any other Person, who is not an Obligor, or (D) changed its identity or
corporate structure. The RMST Shares constitute and will constitute 100% of the issued and outstanding Equity Interests of RMST
and the Maker is and will at all times while the Obligations are outstanding (other than contingent indemnity obligations) be the
sole holder of record and the legal and beneficial owner, free and clear of all Liens, of the RMST Shares, and there are no outstanding
warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to,
or property that is convertible into, or that requires the issuance or sale of, the RMST Shares. Schedule 2 correctly identifies
the RMST Shares and the par value of the RMST Shares as of the date hereof. All certificates, agreements or instruments representing
or evidencing the RMST Shares have been delivered to the Payee in a suitable form for transfer by delivery or accompanied by duly
executed instruments of transfer or assignment in blank. The RMST Shares are duly authorized, validly existing, fully paid and
non-assessable, and none of the RMST Shares are or will be while the Obligations are outstanding (other than contingent indemnity
obligations) subject to any contractual restriction, or any restriction under the organizational documents of RMST, upon the pledge
or, except as set forth in the Titanic Documents, transfer, assignment, disposal or sale thereof.

 

13.         Covenants.
Each Obligor covenants and agrees as provided in Annex B.

 

14.         RMST
Provisions.

 

(a) Representations.         The
Obligors represent and warrants to the Payee as follows:

 

(i) the execution
and delivery of this Note, the performance of the transactions contemplated by this Note, and the fulfillment of the terms of this
Note, will not conflict with or violate any of the Titanic Documents or require any approval of the U.S. District Court for the
Eastern District of Virginia, provided that any transfer, assignment (but not the pledge), disposal or sale of the RMST
shares is subject to the Titanic Documents;

 

(ii) RMST is
the sole owner of the Titanic Assets and has and at all times will have the sole rights and powers to transfer rights in the Titanic
Assets subject in all respect to the Titanic Documents, and no Lien exists upon the Titanic Assets;

 

(iii) the location
of each of the Titanic Assets is as described in Schedule 3;

 

(iv) there
are no restrictions on the transfer, pledge, assignment, disposal or sale of the Titanic Assets except as set forth in the Titanic
Documents;

 

(v) each of
the Titanic Documents is enforceable and in full force and effect in all applicable United States jurisdictions;

 

(vi) all material
documents entered into by RMST and all other material documents entered into by any Obligor relating to the Titanic Assets are
described in Schedule 4 and (x) each such document is and shall remain while the Obligations are outstanding (other than contingent
indemnity obligations) in full force and effect, (y) no defaults by any party exist thereunder, and (z) there shall be no amendments,
modifications or waivers thereto that are adverse to the Payee in any material respect;

 

(vii) none
of the Titanic Assets will be disposed, sold, assigned, pledged, donated, transferred or, except in the ordinary course of business,
licensed or sublicensed while the Obligations are outstanding (other than contingent indemnity obligations); and

 

(viii) it is
and shall remain in compliance with the Titanic Documents as in effect on the date hereof

 

    	9

    	 

    

 

(b) Single
Purpose. RMST will take all steps necessary to continue its identity as a separate legal entity and to make it apparent to
other Persons that it is an entity with assets and liabilities distinct from those of any other Person.  Without limiting
the generality of the foregoing and the other provisions of this Note, RMST will comply with the special-purpose covenants set
forth in Annex C.

 

15.         Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial, Etc. This Note shall be governed by, and construed in accordance with,
the law of the State of New York. The Obligors and the Payee hereby submit to the exclusive jurisdiction of the United States District
Court for the Southern District of New York and of any New York state court sitting in New York City, borough of Manhattan for
the purposes of all legal proceedings arising out of or relating to this Note or the transactions contemplated hereby. This Note
may be executed in any number of counterparts, each of which, when so executed, shall be deemed to be an original and all of which,
taken together, shall constitute one and the same Note. Delivery of an executed counterpart of a signature page to this Note by
electronic transmission shall be as effective as delivery of an original executed counterpart of this Note. This Section 15 shall
survive the termination of this Note. EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING
TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES HERETO IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT
HEREOF.

 

16.         Expenses;
Amendments; Notices. The Maker shall pay on demand all costs and expenses of the Payee (i) in connection with the negotiation,
preparation, administration, execution and delivery of this Note and any other agreement in connection herewith, including filing
fees, taxes, assessments, reasonable attorney’s fees and expenses, (ii) in connection with each amendment, forbearance, waiver,
consent, refinancing, restructuring, reorganization (including any fees (including attorneys’ fees) and costs incurred by
the Payee for any reason in respect of the bankruptcy of the Maker), enforcement or attempted enforcement, and any matter related
thereto, and in each case including all reasonable out of pocket expenses of the Payee or the Payee’s attorneys that are
related thereto, and (iii) the reasonable fees and costs of consultants, appraisers, accountants and the like engaged by the Payee
in respect of the Maker’s obligations hereunder. The Maker shall reimburse, hold harmless and indemnify the Payee and its
directors, officer, employees, advisors agents and affiliates from any and all loss, liability or legal or other expense with respect
to or resulting from this Note, except losses or damages resulting from Payee’s own gross negligence or willful misconduct.
This Note may not be changed, modified or terminated orally, but only by an agreement in writing signed by the Obligors and the
Payee. All notices and other communications in respect of this Note shall be given or made in writing at the address as shall be
designated by such party in a notice to the other party. Except as otherwise provided in this Note, all such communications shall
be deemed to have been duly given when transmitted by electronic transmission or personally delivered or, in the case of a mailed
notice, upon receipt, in each case given or addressed as aforesaid.

 

17.         Right
of Setoff. The Payee and each of its affiliates is hereby authorized at any time and from time to time, to the fullest extent
permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final,
in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by the Payee or any such
affiliate to or for the credit or the account of any Obligor against any and all of the obligations of such Obligor now or hereafter
existing hereunder to the Payee or, irrespective of whether or not the Payee shall have made any demand hereunder and although
such obligations of such Obligor may be contingent or unmatured or are owed to a branch or office of the Payee different from the
branch or office holding such deposit or obligated on such indebtedness. The rights of the Payee and its affiliates hereunder are
in addition to other rights and remedies (including other rights of setoff) that the Payee or its affiliates may have.

 

    	10

    	 

    

 

18.         Assignments.
The Payee may at any time assign all or a portion of its rights and obligations under this Note without the prior written consent
of the Obligors. From and after the effective date specified in each assignment and assumption, the assignee thereunder shall be
a party to this Note and, to the extent of the interest assigned by such assignment and assumption, have the rights and obligations
of the Payee under this Note, and the Payee shall, to the extent of the interest assigned by such assignment and assumption, be
released from its obligations under this Note (and, in the case of an assignment and assumption covering all of the Payee’s
rights and obligations under this Note, the Payee shall cease to be a party hereto) but shall continue to be entitled to the benefits
of Section 15 with respect to facts and circumstances occurring prior to the effective date of such assignment.

 

19.         Board
Meetings. One representative of the Payee shall be entitled to attend all board meetings of the Maker so long as the Obligations
remain outstanding. Maker shall provide to Payee all board and committee meeting materials in advance of each board meeting.

 

20.         Exemption.
This Note, and the rights and obligations of the parties hereunder, are subject to the delivery to the Maker by the Agent of an
exemption certificate, in the form attached hereto as Annex D, duly completed and executed by each Lender who has advanced funds
hereunder.

 

21.         Terms
Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”.
Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein
shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein
to any person shall be construed to include such person’s successors and assigns, (c) the words “herein”, “hereof”
and “hereunder”, and words of similar import, shall be construed to refer to this Note in its entirety and not to any
particular provision hereof, (d) all references herein to Sections, Annexes and Schedules shall be construed to refer to Sections,
Annexes and Schedules of this Note and (e) any reference to any law or regulation herein shall, unless otherwise specified, refer
to such law or regulation as amended, supplemented or otherwise modified from time to time.

 

    	11

    	 

    

 

IN WITNESS WHEREOF, the Obligors
have caused this Note to be executed and delivered by their duly authorized officers, as of the date and year and at a place first
above written.

 

	 	PREMIER EXHIBITIONS, INC.,
	 	as the Maker
	 	 
	 	By:	/s/ Michael Little
	 	Name:	Michael Little
	 	Title:	Chief Executive Officer
	 	 
	 	PREMIER MERCHANDISING, LLC,

as an Obligor
	 	 
	 	By:	/s/ Michael Little
	 	Name:	Michael Little
	 	Title:	Manager
	 	 
	 	RMS TITANIC, INC,

 as an Obligor
	 	 
	 	By:	/s/ Michael Little
	 	Name:	Michael Little
	 	Title:	Chief Executive Officer
	 	 
	 	PREMIER EXHIBITION MANAGEMENT LLC,

 as an Obligor
	 	 
	 	By: Premier Exhibitions, Inc., its Managing Member
	 	 
	 	By:	/s/ Michael Little
	 	Name:	Michael Little
	 	Title:	Chief Financial Officer
	 	 
	 	ARTS AND EXHIBITIONS INTERNATIONAL, LLC,

 as an Obligor
	 	 
	 	By: Premier Exhibition Management LLC, its Managing Member
	 	 
	 	By:	/s/ John Norman
	 	Name:	John Norman
	 	Title:	President

 

    	 

    	 

    

 

The undersigned hereby agrees and acknowledges the terms
of the foregoing, on behalf of itself and the Lenders:

 

	 	DAOPING BAO, as Agent
	 	 	 
	 	By:	/s/ Daoping Bao
	 	 	Daoping Bao

 

    	 

    	 

    

 

Appendix A

 

Lenders

 

a.           1030443
B.C. Ltd.

b.           High
Nature Holding Limited

c.           Mandra
Forestry Limited (subject to a name change)

d.           Lenge
Feng

 

    	Appendix A

    	 

    

 

Annex A

 

Definitions.
The following capitalized terms, when used in this Note, shall have the following meanings:

 

“Affiliate”
means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with,
that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”,
“controlled by” and “under common control with”), as applied to any Person, means the possession, directly
or indirectly, of the power (i) to vote 10% or more of the Equity Interests having ordinary voting power for the election of directors
of such Person or (ii) to direct or cause the direction of the management and policies of that Person, whether through the ownership
of voting securities or by contract or otherwise.

 

“Applicable
Market” means NASDAQ or, if the Maker's Common Stock is not listed for trading on NASDAQ at the applicable time, the
Over-The-Counter Bulletin Board, if the trading of the Maker’s Common Stock is qualified for quotation thereon at the applicable
time.

 

“Approval”
means the approval of the Maker’s shareholders (a) by the affirmative vote of the holders of more than 50% of the Maker’s
outstanding shares of Common Stock present and cast on the applicable proposal at the Special Meeting or other meeting of the Maker’s
shareholders, in any such case at which a quorum is present, or such higher percentage as may be required by applicable law or
the listing rules of NASDAQ as of the date of such meeting, or (b) by the affirmative vote of the holders of more than 50% of the
Maker’s outstanding shares of Common Stock pursuant to written consents obtained in accordance with applicable law, or such
higher percentage as may be required by applicable law or the listing rules of NASDAQ as of the date of such consents.

 

“BofA”
means Bank of America, N.A.

 

“BofA
LC Account” means the deposit account maintained by the Maker at BofA as collateral for the letters of credit issued
by BofA.

 

“Cash”
means money, currency or a credit balance in any demand or deposit account.

 

“Change
of Control” means (i) the Maker shall cease to directly beneficially own and control 100% on a fully diluted bases of
the economic and voting interest in the Equity Interests of RMST, (ii) any person or “group” (within the meaning of
Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the date hereof, but excluding any employee benefit plan of such person
and its subsidiaries and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan) shall have acquired beneficial ownership (within the meaning of Rules 13d-3 and 13d-5 of the Exchange Act as in effect
on the Closing Date) of Equity Interests of the Maker representing more than 27.5% of the voting interests represented by the issued
and outstanding Equity Interests of the Maker (determined on a fully diluted basis but not giving effect to contingent voting rights
that have not yet vested), and (iii) PEM shall cease to have the exclusive right to exhibit the Titanic Assets.

 

“Controlled
Account” means a deposit account maintained by an Obligor at BofA that is subject to a deposit account control agreement
in favor of the Agent, on behalf of the Lenders.

 

“Conversion
Date” shall have the meaning set forth in Section 6(a) hereof.

 

“Conversion
Price” shall have the meaning set forth in Section 6(b) hereof.

 

    	Annex A - 1

    	 

    

 

“Debtor
Relief Law” means the Bankruptcy Reform Act of 1978, codified as 11 U.S.C. §§101 et seq, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization,
or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting
the rights of creditors generally.

 

“Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling
the holder thereof to purchase or acquire any such equity interest.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.

 

“Excluded
Accounts” means (i) each zero-balance account maintained by an Obligor at BofA, (ii) the Titanic Reserve Account and
(iii) the BofA LC Account.

 

“Excluded
Subsidiary” means each of Premier Exhibitions International, LLC, Exhibitions International, LLC, Premier Exhibitions
NYC, Inc., PRXI International Holdings CV, RMS Titanic (UK) Ltd. and Premier Exhibitions (UK) Ltd.

 

“GAAP”
means United States generally accepted accounting principles as in effect from time to time.

 

“Guarantors”
means each of the signatories hereto other than the Maker and each person that has executed a joinder to this Note pursuant to
clause (g) of Annex B.

 

“Indebtedness”
of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits
or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments,
(c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person
under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations
of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in
the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness
has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether
or not the Indebtedness secured thereby has been assumed, (g) all guarantees by such Person of Indebtedness of others, (h) all
capital lease obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party
in respect of letters of credit and letters of guaranty and (j) all obligations, contingent or otherwise, of such Person in
respect of bankers' acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person's
ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that
such Person is not liable therefor.

 

“Lien”
means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement
to give any of the foregoing, any conditional sale or other title retention agreement, and any lease or license in the nature thereof)
and any option, trust or other preferential arrangement having the practical effect of any of the foregoing and (ii) in the case
of Equity Interests, any purchase option, call or similar right of a third party with respect to such Equity Interests.

 

    	Annex A - 2

    	 

    

 

“Material
Adverse Effect” means a material adverse effect on and/or material adverse developments with respect to (i) the business,
operations, properties, assets or condition (financial or otherwise) of the Maker and its Subsidiaries taken as a whole, (ii) the
ability of any Obligor to fully and timely perform its Obligations, (iii) the legality, validity, binding effect or enforceability
against an Obligor of this Note, or (iv) the rights, remedies and benefits available to, or conferred upon, the Payee under this
Note.

 

“Material
Agreement” means each of those agreements listed on Schedule 4 hereto.

 

“Merger”
means the proposed transactions set out in the Merger Agreement.

 

“Merger
Agreement” means that agreement among inter alia Daoping Bao, Nancy Brenner, Dinoking Tech Inc. and the Maker
dated April 2, 2015.

 

“NASDAQ”
means the market tier of The National Association of Securities Dealers Automated Quotation System, referred to as the NASDAQ National
Capital Market.

 

“Obligations”
means, collectively, (a) in the case of the Maker, all obligations of the Maker under this Note to pay principal, fees and interest
(including default interest and the Prepayment Premium) on this Note and other amounts whatsoever, whether direct or indirect,
absolute or contingent, now or hereafter from time to time owing by the Maker to the Payee, and (b) in the case of the Guarantors,
all obligations of the Guarantors in respect of its guarantee under Section 8 and all other obligations of the Guarantors
under this Note and (c) in the case of each of the foregoing, including all interest thereon and expenses related thereto,
including any interest or expenses accruing or arising after the commencement of any case under any Debtor Relief Law (whether
or not such interest or expenses are enforceable, allowed or allowable as a claim in whole or in part in such case).

 

“Obligors”
means the Maker and the Guarantors.

 

“PEM”
means Premier Exhibitions Management LLC, a Florida limited liability company.

 

“Permitted
Change of Control” means a Change of Control resulting from the implementation of the Merger.

 

“Permitted
Investments” means (a) direct obligations of, or obligations the principal of and interest on which are unconditionally
guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by the full faith and
credit of the United States), in each case maturing within one year from the date of acquisition thereof and (b) investments
in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of
any commercial bank organized under the laws of the United States or any State thereof which has a combined capital and surplus
and undivided profits of not less than $500,000,000;

 

“Permitted
Liens” means, with respect to any person: (a) Liens arising by operation of law which were incurred in the ordinary course
of business, including carriers’, warehousemen’s and mechanics’ Liens and other similar Liens arising in the
ordinary course of business, and which (i) do not in the aggregate materially detract from the value of the property subject thereto
or materially impair the use thereof in the operations of the business of such person or (ii) are being contested in good faith
by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property subject to such
Liens and for which adequate reserves have been made if required in accordance with generally accepted accounting principles; (b)
pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance
or other similar social security legislation; (c) Liens securing taxes, assessments and other governmental charges, the payment
of which is not yet due or is being contested in good faith by appropriate proceedings promptly initiated and diligently conducted
and for which such reserve or other appropriate provisions, if any, as shall be required by generally accepted accounting principles
shall have been made; and (d) Liens securing any extension, renewal, replacement or refinancing of an indebtedness secured by a
Lien permitted by this Note.

 

    	Annex A - 3

    	 

    

 

“Person”
means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability companies, limited
liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts,
business trusts or other organizations, whether or not legal entities, and governmental authorities.

 

“Premier
Party” means each Obligor and each Excluded Subsidiary.

 

“Prepayment
Date” shall have the meaning set forth in Section 4 hereof.

 

“Prepayment
Notice” shall have the meaning set forth in Section 4 hereof.

 

“Prepayment
Premium” means any additional amounts and fees above the principal amount to be paid pursuant to Section 4.

 

“Proposal”
means the following proposal: the issuance to the Payee for and on behalf the Lenders of the shares of Common Stock of the Maker
issuable upon conversion of this Note, pursuant to all applicable rules under NASDAQ’s listing rules.

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
Equity Interests in any of the Obligors or any Subsidiary, or any payment (whether in cash, securities or other property), including
any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination
of any such Equity Interests or any option, warrant or other right to acquire any such Equity Interests.

 

“Reorganization”
shall have the meaning set forth in Section 7(b) hereof.

 

“RMST”
means RMS Titanic, Inc., a Florida corporation.

 

“RMST
Shares” means all of the Equity Interests in RMST issued by RMST.

 

“SEC”
means the Securities and Exchange Commission of the United States.

 

“Shareholder
Approval” means the Approval by the Maker’s shareholders of the Proposal.

 

“Special
Meeting” means the Maker’s special meeting of shareholders required to be called and held by it pursuant to the
Merger Agreement, dated as of the date hereof, by and among Maker, 1032403 B.C. Ltd., Dinoking Tech, Inc., Daoping Bao and Nancy
Brenner with respect to the Merger.

 

“Subsidiary”
means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other
business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without
regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees
or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies
thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of
that Person or a combination thereof.

 

    	Annex A - 4

    	 

    

 

“Titanic
Assets” means (a) the Titanic Collections, as defined in the Revised Covenants and Conditions set forth in the 2010 Opinion,
and related supporting documentation and intellectual property owned by RMST, and (b) the Titanic Reserve Account.

 

“Titanic
Documents” means (i) the Opinion issued by the United State District Court for the Eastern District of Virginia with
respect to Action No. 2:93cv902, dated as of August 12, 2010 (the “2010 Opinion”); (ii) the Order issued by
the United State District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 15,
2011; (iii) the Revised Covenants and Conditions for the Future Disposition of Objects Recovered from the R.M.S. Titanic by R.M.S.
Titanic, Inc. pursuant to an in specie salvage award granted by the United States District Court for the Eastern District of Virginia,
dated as of August 15, 2011 and (iv) the Process Verbal, issued on October 12, 1993 by the Maritime Affairs Administrator for the
Ministry of Equipment Transportation and Tourism, French Republic to Titanic Ventures Limited Partnership, together with the letter
of intent of Titanic Ventures Limited Partnership dated September 22, 1993.

 

“Titanic
Reserve Account” means that certain trust reserve account established by RMST pursuant to Article V, Section D of the
Revised Covenants and Conditions set forth in the 2010 Opinion.

 

“UCC”
means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction.

 

    	Annex A - 5

    	 

    

 

Annex B

 

Each Obligor covenants and agrees as follows:

 

(a) Indebtedness. The Maker will
not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

 

(i) Indebtedness created hereunder;

 

(ii) Indebtedness existing on the date hereof
and set forth in Schedule 5 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding
principal amount thereof;

 

(iii) Indebtedness with respect to letters
of credit in an aggregate amount not to exceed $1,700,000 at any time;

 

(iv) Indebtedness of any Obligor to any other
Obligor; and

 

(v) other unsecured Indebtedness
in an aggregate principal amount not exceeding $25,000 at any time outstanding.

 

(b) Liens. The Maker will not, and
will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter
acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:

 

(i) Permitted Liens;

 

(ii) Liens on cash collateral in an
aggregate amount not to exceed $1,700,000 in the aggregate at any time securing potential reimbursement obligations in respect
of the letters of credit permitted pursuant to clause (a)(iii) of this Annex B; and

 

(iii) Liens on the Titanic Reserve Account
to the extent required by the Revised Conditions and Covenants set forth in the 2010 Opinion.

 

(c) Fundamental Changes. The Maker
will not, and will not permit any Subsidiary to, merge into or consolidate with any other Person (other than an Obligor, provided
that this exclusion shall not apply to RMST), or permit any other Person to merge into or consolidate with it, or sell, transfer,
lease or otherwise dispose of (in one transaction or in a series of transactions) all or any substantial part of its assets (other
than to an Obligor, provided that this exclusion shall not apply to RMST), or all or substantially all of the stock of any
of its Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve.

 

(d) Investments, Loans, Advances, Guarantees
and Acquisitions. The Maker will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including
pursuant to any merger with any Person that was not an Obligor prior to such merger) any capital stock, evidences of indebtedness
or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist
any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any
other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person
constituting a business unit, except Permitted Investments and investments by the Maker existing on the date hereof in the capital
stock of its Subsidiaries.

 

    	Annex B - 1

    	 

    

 

(e) Restricted Payments. The Maker
will not, and will not permit any of its Subsidiaries other than Excluded Subsidiaries to, declare or make, or agree to pay or
make, directly or indirectly, any Restricted Payment, except Subsidiaries may declare and pay dividends ratably with respect to
their Equity Interests.

 

(f) Transactions with Affiliates.
The Maker will not, and will not permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to,
or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of
its Affiliates, except in the ordinary course of business at prices and on terms and conditions not less favorable to the Maker
or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties and transactions between
or among the Maker and its Subsidiaries not involving any other Affiliate.

 

(g) Additional Subsidiaries; Further
Assurances.

 

(i) The Maker shall cause each Subsidiary other
than an Excluded Subsidiary to become a Guarantor and Obligor under this Note by executing and delivering to the Payee a joinder
to this Note in form and substance reasonably satisfactory to the Payee. Each Obligor shall promptly from time to time give, execute,
deliver, file, record, authorize or obtain all such financing statements, continuation statements, notices, instruments, documents,
agreements or consents or other papers as may be necessary or, in the judgment of the Payee, desirable to create, preserve, perfect,
maintain the perfection of or validate the security interest granted pursuant hereto or to enable the Payee to exercise and enforce
its rights hereunder with respect to such security interest, provided that the Maker shall not be required to establish
control of the Excluded Accounts in favor of the Payee to the extent permitted in clause (i) of this Annex C. No Obligor shall
(A)  file or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing
statement or like instrument with respect to any of the Collateral in which the Payee is not named as the sole secured party or
(B) cause or permit any Person other than the Payee to have “control” (as defined in Section 9-104, 9-105,
9-106 or 9-107 of the UCC) of any deposit account or investment property constituting part of the Collateral.

 

(ii) If an Event of Default shall have
occurred and be continuing, all dividends and other distributions on any pledged shares (including the RMST Shares) shall be paid
directly to the Payee and retained by it as part of the Collateral. Each Obligor hereby expressly authorizes and instructs each
issuer of any pledged shares (including RMST in respect of the RMST Shares) pledged hereunder to (A) comply with any instruction
received by it from the Payee that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance
with the terms of this Note, without any other or further instructions from such Obligor, and (B) pay any dividend or other payment
with respect to any pledged shares directly to the Payee. Without limiting any rights or powers granted by this Note to the Payee
while no Event of Default has occurred and is continuing, upon the occurrence and during the continuance of any Event of Default,
other than with respect to the Titanic Assets or actions governed by the Titanic Documents, the Payee is hereby appointed the attorney-in-fact
of each Obligor for the purpose of carrying out the provisions of this Note and taking any action and executing any instruments
that the Payee may deem necessary or advisable to accomplish the purposes, which appointment as attorney-in-fact is irrevocable
and coupled with an interest. Without limiting the generality of the foregoing, so long as the Payee shall be entitled under this
Note to make collections in respect of the Collateral, the Payee shall have the right and power to receive, endorse and collect
all checks made payable to the order of any Obligor representing any dividend, payment or other distribution in respect of the
Collateral or any part thereof and to give full discharge for the same.

 

    	Annex B - 2

    	 

    

 

(h) Cash
Management. All Cash of the Obligors shall be maintained at all times in a Controlled Account, provided that (1) each
Excluded Account shall not be subject to the foregoing requirement so long as Cash in each such Excluded Account (other than the
Titanic Reserve Account and the BofA LC Account) is swept into a Controlled Account at the end of each business day, provided
further that no additional amounts shall be deposited into the Titanic Reserve Account or the BofA LC Account, except with
respect to the Titanic Reserve Account as required by Article V, Section D, Clause 2 of the Revised Covenants and Conditions set
forth in the 2010 Opinion.

 

(i) UCC Filings.
The Maker shall promptly, and in any event within 15 business days after the date hereof, cause to be terminated any UCC filing
not permitted hereunder.

 

(j) Deposit
Account Control Agreement. The Maker shall use its best efforts to obtain a deposit account control agreement in favor of Payee
within 15 days from the date hereof over any deposit accounts maintained by the Maker at BofA that are not Excluded Accounts.

 

(k) Capital
Expenditures. The Obligors shall not invest in capital expenditures an amount in excess of Twenty-Five Thousand Dollars ($25,000)
during any calendar year.

 

(l) Hedge
Agreements. No Obligor shall enter into any hedge agreement, interest rate swap, cap, collar or floor agreement, or other interest
rate management device with any Person in connection with any Indebtedness of such Obligor.

 

(m) Contracts.
No Obligor shall enter into any contract after the date hereof, or extend any contract existing as of the date hereof, having a
value in excess of Twenty-Five Thousand Dollars ($25,000) without the prior written consent of Payee, which consent shall not be
unreasonably withheld.

 

(n) Employment
Matters. No Obligor shall create a new executive-level position or hire a new executive-level employee; provided that, in consultation
with, and with the consent of, the Payee, an Obligor may fill an executive-level position that becomes vacant after the date hereof.
No Obligor shall increase the salary or other compensation (cash or otherwise) payable or to become payable to any director, officer,
contractor or advisor of an Obligor beyond the respective amounts paid to such individuals as of the date hereof.

 

(o) Material
Agreements. No Obligor shall amend or terminate a Material Agreement without the Payee’s prior written consent.

 

    	Annex B - 3

    	 

    

 

Annex C

 

RMST shall:

 

(a)  Maintain accurate and appropriately
detailed books, financial records and accounts, including bank accounts and custodian and other securities safekeeping accounts,
that are separate and distinct from those of any other person;

 

(b)  Maintain its books, financial
records and accounts (including inter-entity transaction accounts) in a manner so that it will not be difficult or costly to segregate,
ascertain or otherwise identify its assets and liabilities;

 

(c)  Not commingle any of its
assets, funds, liabilities or business functions with the assets, funds, liabilities or business functions of any other Person;

 

(d) Observe all appropriate corporate
procedures and formalities;

 

(e)  Not enter into any guaranty
of, or otherwise become liable for, or pledge its assets to secure, the liabilities, debts or obligations of any other Person (except
pursuant to this Note);

 

(f) Not create, incur, assume or
permit to exist any Indebtedness or create, incur, assume or permit to exist any Liens, in each case except for Indebtedness and
Liens under this Note;

 

(g)  Hold itself out as separate
and distinct from any other Person and not identify itself as a division or department of any other Person;

 

(h)  Ensure that decisions with
respect to its business and daily operations shall be independently made (although the individual making any particular decision
may also be an employee, officer or director of any one or more of its Affiliates) and shall not be dictated by its Affiliates;

 

(i)  Maintain separate annual
financial statements prepared in accordance with GAAP showing its assets and liabilities separate and distinct from those of any
other person; and

 

(j)  Not make any loans or investments
to any Person or buy or hold any indebtedness or other obligations issued by any other person.

 

    	Annex C - 1

    	 

    

 

Annex D

 

EXEMPTION CERTIFICATE

 

		TO:	PREMIER EXHIBITIONS, INC. (the “Maker”)

 

Capitalized terms not otherwise
defined herein or Appendix A attached hereto shall have the meanings ascribed to them in the Amended and Restated Secured Promissory
Note and Guarantee dated April 2, 2015 (the "Note") to which this Annex D is attached.

 

The Lender understands that the
Maker and its counsel are relying upon the information provided by the Lender in this certificate, in determining to sell securities
to the Lender in a manner exempt from the prospectus requirements of applicable securities legislation in the province of British
Columbia (“Securities Legislation”).

 

The Lender represents, warrants
and certifies to the Maker and its counsel that as at the date hereof and as at the date of the Note he, she or it is, or is deemed
to be, purchasing the Note as principal for his, her or its own account, not for the benefit of any other Person, and that he,
she or it fully complies with one of the criteria set out below (beside which the Lender has indicated by checkmark that the Lender
complies with such criteria):

 

	1.	 ̈	The
Lender is resident in the Province of British Columbia and are an accredited investor as defined under National Instrument 45-106
Prospectus and Registration Exemptions, by virtue of the fact that the Lender falls within one of the categories of a accredited
investor reproduced in Appendix A attached hereto (beside which the Lender has indicated by checkmark that the Lender belongs
to such category), and the Lender was not created or used solely to purchase securities as an accredited investor as described
in paragraph (m) of the definition of accredited investor; or

 

	2.	 ̈	the
Lender is not resident in Canada or the United States and:

 

		(a)	the Lender is knowledgeable of, or has been independently
advised as to the applicable securities laws of the securities regulatory authorities (the “Authorities”) having
application in the jurisdiction in which the Lender is resident (the “International Jurisdiction”) which would
apply to the purchase of the Note, if any;

 

		(b)	the Lender is purchasing the Note pursuant to exemptions
from the prospectus and registration requirements under the applicable securities laws of the Authorities in the International
Jurisdiction or, if such is not applicable, the Lender is permitted to purchase the Purchased Securities under the applicable
securities laws of the Authorities in the International Jurisdiction without the need to rely on any exemption;

 

		(c)	the Lender confirms that the purchase of the Note does
not contravene any applicable securities laws of the Authorities in the International Jurisdiction and does not require the Maker
to make any filings or seek any approvals of any nature whatsoever from any Authority of any kind whatsoever in the International
Jurisdiction in connection with the issue and sale or resale of the Note; and

 

		(d)	confirm that the purchase of the Note by the Lender does
not trigger:

 

    	Annex D - 1

    	 

    

 

		(i)	an obligation by the Maker or any other person to prepare
and file a registration statement, prospectus or similar document, or any other report with respect to such purchase in the International
Jurisdiction; or

 

		(ii)	continuous disclosure reporting obligations of the Maker
in the International Jurisdiction; and

 

the Lender will, if requested
by the Maker, comply with such other requirements as the Maker may reasonably require.

 

	Dated: 	 	 	Signed:
	 	 	 
	 	 	 
	Witness (If Lender is an individual)	 	Print the name of Lender
	 	 	 
	 	 	 
	Print the name of Witness	 	If the Lender is a corporation, print name and title of Authorized Signing Officer

 

    	Annex D - 2

    	 

    

 

Appendix A to Annex D

 

[Please check the box of the applicable category
of accredited investor] 

 

	 ̈	(a)	a Canadian financial institution, or a Schedule III bank;
	 	 	 
	 ̈	(b)	the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada);
	 	 	 
	 ̈	(c)	a subsidiary of any Person referred to in paragraphs (a) or (b), if the Person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary;
	 	 	 
	 ̈	(d)	a Person registered under the Securities Legislation as an adviser or dealer, other than a Person registered solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);
	 	 	 
	 ̈	(e)	an individual registered or formerly registered under the Securities Legislation as a representative of a Person referred to in paragraph (d);
	 	 	 
	 ̈	(f)	the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or a jurisdiction of Canada;
	 	 	 
	 ̈	(g)	a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Québec;
	 	 	 
	 ̈	(h)	any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government;
	 	 	 
	 ̈	(i)	a pension fund that is regulated by the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of a jurisdiction of Canada;
	 	 	 
	 ̈	(j)	an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000;
	 	 	 
	 ̈	(k)	an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
	 	 	 
	 ̈	(l)	an individual who, either alone or with a spouse, has net assets of at least $5,000,000;
	 	 	 
	 ̈	(m)	a Person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements and that was not created solely as an accredited investor under this definition;
	 	 	 
	 ̈	(n)	an investment fund that distributes or has distributed its securities only to
	 	 	 
	 	 	(i)	a Person that is or was an accredited investor at the time of the distribution,

 

    	Annex D - 3

    	 

    

 

	 	 	(ii)	a Person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment] and 2.19 [Additional investment in investment funds] of NI 45-106, or
	 	 	 
	 	 	(iii)	a Person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106;
	 	 	 
	 ̈	(o)	an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt;
	 	 	 
	 ̈	(p)	a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be;
	 	 	 
	 ̈	(q)	a Person acting on behalf of a fully managed account managed by that Person, if that Person
	 	 	 
	 	 	(i)	is registered or authorized to carry on business as an adviser or the equivalent under the securities laws of a jurisdiction of Canada or a foreign jurisdiction, and
	 	 	 
	 	 	(ii)	in Ontario, is purchasing a security that is not a security of an investment fund;
	 	 	 
	 ̈	(r)	a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the Securities Legislation of the jurisdiction of the registered charity to give advice on the securities being traded;
	 	 	 
	 ̈	(s)	an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function;
	 	 	 
	 ̈	(t)	a Person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are Persons that are accredited investors;
	 	 	 
	 ̈	(u)	an investment fund that is advised by a Person registered as an adviser or a Person that is exempt from registration as an adviser, or
	 	 	 
	 ̈	(v)	a Person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as an accredited investor.

 

The following terms have the following
meanings:

 

		(a)	“Canadian financial institution” means

 

		 	(i)	an association governed by the Cooperative Credit Associations
Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or

 

		 	(ii)	a bank, loan corporation, trust company, trust corporation,
insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case,
is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

 

    	Annex D - 4

    	 

    

 

		(b)	“entity” means a company, syndicate,
partnership, trust or unincorporated organization;

 

		(c)	“financial assets” means cash, securities,
or a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of Securities Legislation;

 

		(d)	“fully managed account” means an account
of a client for which a Person makes the investment decisions if that Person has full discretion to trade in securities for the
account without requiring the client’s express consent to a transaction;

 

		(e)	“investment fund” means a mutual fund
or a non-redeemable investment fund, and, for greater certainty in British Columbia, includes an employee venture capital corporation
that does not have a restricted constitution, and is registered under Part 2 of the Employee Investment Act (British Columbia),
R.S.B.C. 1996 c. 112, and whose business objective is making multiple investments and a venture capital corporation registered
under Part 1 of the Small Business Venture Capital Act (British Columbia), R.S.B.C. 1996 c. 429 whose business objective
is making multiple investments;

 

		(f)	“mutual fund” means:

 

		(i)	for the purposes of British Columbia law,

 

		(A)	an issuer of a security that entitles the holder to receive
on demand, or within a specified period after demand, an amount computed by reference to the value of a proportionate interest
in the whole or in a part of the net assets, including a separate fund or trust account, of the issuer of the security,

 

		(B)	an issuer described in an order that the commission may
make under section 3.2 of the Securities Act (British Columbia), and

 

		(C)	an issuer that is in a class of prescribed issuers,

 

but does not include an
issuer, or a class of issuers, described in an order that the commission may make under section 3.1 of the Securities Act
(British Columbia);

 

		(ii)	for the purposes of Alberta law,

 

		(A)	an issuer whose primary purpose is to invest money provided
by its security holders and whose securities entitle the holder to receive on demand, or within a specified period after demand,
an amount computed by reference to the value of a proportionate interest in the whole or in part of the net assets, including
a separate fund or trust account, of the issuer, or

 

		(B)	an issuer that is designated as a mutual fund under section
10 of the Securities Act (Alberta) or in accordance with the regulations,

 

but does not include an
issuer, or class of issuers, that is designated under section 10 of the Securities Act (Alberta) not to be a mutual
fund;

 

    	Annex D - 5

    	 

    

 

		(iii)	for the purposes of Ontario law, an issuer whose primary
purpose is to invest money provided by its security holders and whose securities entitle the holder to receive on demand, or within
a specified period after demand, an amount computed by reference to the value as a proportionate interest in the whole or in part
of the net assets, including a separate fund or trust account, of the issuer;

 

		(iv)	for the purposes of Quebec law,

 

		(A)	an issuer whose primary purpose is to invest money provided
by its security holders and whose securities entitle the holder to receive on demand or within a specified period after demand
an amount computed by reference to the value of a proportionate interest in the whole or in part of the net assets, including
a separate fund or trust account, of the issuer; or

 

		(B)	a mutual fund designated under section 272.2 of the
Securities Act (Quebec) or determined by regulation;

 

		(g)	“NI 45-106” means National Instrument
45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators;

 

		(h)	“non-redeemable investment fund” means
an issuer,

 

		(i)	whose primary purpose is to invest money provided by its
securityholders,

 

		(ii)	that does not invest,

 

		(A)	for the purpose of exercising or seeking to exercise control
of an issuer, other than an issuer that is a mutual fund or a non-redeemable investment fund, or

 

		(B)	for the purpose of being actively involved in the management
of any issuer in which it invests, other than an issuer that is a mutual fund or a non-redeemable investment fund, and

 

		(iii)	that is not a mutual fund;

 

		(i)	“regulator” means the person referred
to in Appendix D of National Instrument 14-101 Definitions opposite the name of the local jurisdiction;

 

		(j)	“related liabilities” means liabilities
incurred or assumed for the purpose of financing the acquisition or ownership of financial assets or liabilities that are secured
by financial assets;

 

		(k)	“Schedule III bank” means an
authorized foreign bank named in Schedule III of the Bank Act (Canada);

 

		(l)	“securities regulatory authority” means
the securities commission or similar regulatory authority listed in Appendix C of National Instrument 14-101 Definitions
opposite the name of the local jurisdiction; and

 

    	Annex D - 6

    	 

    

 

		(m)	“spouse” means an individual who

 

		(i)	is married to another individual and is not living separate
and apart within the meaning of the Divorce Act (Canada), from the other individual,

 

		(ii)	is living with another individual in a marriage-like relationship,
including a marriage-like relationship between individuals of the same gender, or

		 	 

		(iii)	in Alberta, is an individual referred to in paragraph (i)
or (ii), or is an adult interdependent partner within the meaning of the Adult Interdependent Relationships Act (Alberta).

 

		(n)	"subsidiary" means an issuer that is controlled
directly or indirectly by another issuer and includes a subsidiary of that subsidiary.

 

For purposes of the definition of
“subsidiary”, a Person (first Person) is considered to control another Person (second Person) if (a) the first Person,
directly or indirectly, beneficially owns or exercises control or direction over securities of the second Person carrying votes
which, if exercised, would entitle the first Person to elect a majority of the directors of the second Person, unless that first
Person holds the voting securities only to secure an obligation, (b) the second Person is a partnership, other than a limited partnership,
and the first Person holds more than 50% of the interests of the partnership, or (c) the second Person is a limited partnership
and the general partner of the limited partnership is the first Person.

 

    	Annex D - 7

    	 

    

 

Schedule 1

 

Legal Names of Obligors

 

	Legal Name of Obligor	 	Type of Entity	 	Jurisdiction of

Organization	 	Mailing Address
	 	 	 	 	 	 	 
	Premier Exhibitions, Inc.	 	Corporation	 	Florida	 	3340 Peachtree Rd NE Suite 900

Atlanta, Georgia 30326
	 	 	 	 	 	 	 
	RMS Titanic, Inc.	 	Corporation	 	Florida	 	3340 Peachtree Rd NE Suite 900

Atlanta, Georgia 30326
	 	 	 	 	 	 	 
	Premier Exhibition Management LLC	 	Limited Liability Company	 	Florida	 	3340 Peachtree Rd NE Suite 900

Atlanta, Georgia 30326
	 	 	 	 	 	 	 
	Arts and Exhibitions International, LLC	 	Limited Liability Company	 	Florida	 	3340 Peachtree Rd NE Suite 900

Atlanta, Georgia 30326
	 	 	 	 	 	 	 
	Premier Merchandising, LLC	 	Limited Liability Company	 	Delaware	 	3340 Peachtree Rd NE Suite 900

Atlanta, Georgia 30326

 

    	Schedule  1 - 1

    	 

    

 

Schedule 2

 

RMST Shares

 

	Pledgor	 	Name of

Subsidiary	 	Shares	 	Certificate

Number	 	Par Value
	 	 	 	 	 	 	 	 	 
	Premier Exhibitions, Inc.	 	RMS Titanic, Inc.	 	10,000	 	1	 	0.0001

 

    	Schedule 2 - 1

    	 

    

 

Schedule 3

 

Location of Titanic Assets

 

Permanent Locations 

		·	Titanic the Artifact Exhibition: 7324 International Drive, Orlando,
FL 32819, United States

		·	Premier Exhibition Center: 7711 Beach Blvd., Buena Park, CA 90620,
United States

		·	Titanic: The Artifact Exhibition within The Luxor Hotel and Casino,
3900 Las Vegas Blvd South, Las Vegas, NV 89119, United States

 

Traveling Exhibitions

	·	Brussels Expo, Brussels, Belgium	Through November 30, 2014
	·	Technic Museum Speyer, Speyer, Germany	December 20, 2014  June 28, 2015
	·	Imagination Station, Toledo, OH 43604, United States	Through September 21, 2014
	·	Palexpo Opus One/Encore B, Geneva, Switzerland,	October 10, 2014 – February 1, 1014
	·	Discovery Park of America, Union City TN	January 31, 2015 – May 3, 2015
	·	National Mississippi River Aquarium, Dubuque, IA	May 23, 2015 – September 30- 2015
	·	V&A Waterfront, Expo 24, Cape Town, South Africa	June 25, 2015 – August 30, 2015

 

Artifacts on Loan Agreement

Titanica at the Ulster Folk & Transport Museum, Belfast,
Ireland

Titanic: Return to Cherbourg, La Cite de la Mer, Cherbourg,
France

 

Conservation Warehouse

 

On Deposit in Bank

c/o McGuire Woods, Norfolk, Virginia

 

    	Schedule  3 - 1

    	 

    

 

Schedule 4

 

Material Agreements of RMST

 

Material Agreements related to
Titanic Assets

 

	Name of Document	 	Parties	 	Date
	Intercompany Agreement 	 	Premier Exhibitions, Inc.

RMS Titanic, Inc.	 	March 1, 2012
	Restated Intercompany Services and Exhibition Touring Rights License Agreement	 	Premier Exhibition Management LLC

RMS Titanic, Inc.	 	March 1, 2012
	Binding Deal Memo for “Titanic...The Artifact Exhibition”	 	Premier Exhibition Management LLC

Discovery Park of America, Inc.	 	September 8, 2014
	Binding Deal Memo for “Titanic...The Artifact Exhibition”	 	Premier Exhibition Management LLC

Historiches Museum der Pfalz Speyer	 	February 13,2014
	Binding Deal Memo for “Titanic...The Artifact Exhibition”	 	Premier Exhibition Management LLC

Fire-Starter SA, Belgium	 	July 11, 2014
	Binding Deal Memo for “Titanic...The Artifact Exhibition	 	Premier Exhibition Management LLC

Opus One S.A., Switzerland	 	May 2, 2014
	Binding Deal Memo for “Titanic...The Artifact Exhibition”	 	Premier Exhibition Management LLC

Toledo Science Center d/b/a Imagination Station	 	October 10, 2012
	Amendment of 

“Titanic...The Artifact Exhibition” Binding Deal Memo	 	Premier Exhibition Management LLC

Toledo Science Center d/b/a Imagination Station	 	December 19, 2013
	Second Amendment of 

“Titanic...The Artifact Exhibition” Binding Deal Memo	 	Premier Exhibition Management LLC

Toledo Science Center d/b/a Imagination Station	 	March 19, 2014
	Non-Binding Term Sheet for Titanic: the Artifact Exhibition	 	Premier Exhibition Management LLC

Perlage Grandi Eventi	 	July 7, 2014

 

    	Schedule 4 - 1

    	 

    

 

Schedule 5

 

Existing Indebtedness

 

		·	Revenue Payment Agreement, entered into as of April 17, 2014, by and
between AEG Live LLC and Premier Exhibition Management LLC. Premier pays AEG different percentage royalties on various exhibitions
through April 20, 2017. 

 

		·	Purchase note in connection with the acquisition of the Orlando exhibition,
in the amount of $183,000, due in December 2015 and payable by the Maker.

 

		·	Capital leases of the Maker totaling $83,000 due between June, 2015
and Sept, 2017.

 

		·	Indebtedness of the Maker, if any, under the Agreement of Lease dated
as of April 9, 2014 between the Maker and 417 Fifth Ave Real Estate LLC.

 

    	Schedule 5 - 1

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