Document:

Exhibit
4.1

 

Execution
Version

 

NEITHER
THIS WARRANT, NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT (COLLECTIVELY, THE “SECURITIES”), HAVE BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES OR BLUE
SKY LAWS. THE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED
OR OTHERWISE TRANSFERRED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, PURSUANT
TO REGISTRATION OR QUALIFICATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL
RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE COMPANY MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT ANY PROPOSED TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES OR BLUE SKY LAWS. THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT WITH
A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR” AS DEFINED
IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

Facebank
Group, Inc.

 

Warrant
To Purchase Common Stock

 

Warrant
No.: 1

Number
of Shares of Common Stock: 3,269,231

Date
of Issuance: March 19, 2020 (“Issuance Date”)

 

Facebank
Group, Inc., a Florida corporation (the “Company”), hereby certifies that, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, FB Loan Series I,
LLC, the registered holder hereof or its permitted assigns (the “Holder”), is entitled, subject to the terms
set forth below, to purchase from the Company, at the Exercise Price (as defined below) then in effect, at any time or times on
or after the Issuance Date, but not after 11:59 p.m., New York time, on the Expiration Date, (as defined below), Three Million
Two Hundred Sixty Nine Thousand Two Hundred Thirty One (3,269,231) fully paid nonassessable shares of Common Stock, subject to
adjustment as provided herein (the “Warrant Shares”). Except as otherwise defined herein, capitalized terms
in this Warrant to Purchase Common Stock (including any Warrants to Purchase Common Stock issued in exchange, transfer or replacement
hereof, this “Warrant”) shall have the meanings set forth in Section 19. This Warrant is being issued pursuant
to Section 4.1(d) of that certain Note Purchase Agreement, dated as of March 19, 2020 (the “Subscription Date”),
by and among the Company, FuboTV Acquisition Corp., a Delaware corporation, Evolution AI Corporation, a Florida corporation, Pulse
Evolution Corporation, a Nevada corporation, and the Holder (the “Note Purchase Agreement”). Capitalized terms
used herein and not otherwise defined shall have the definitions ascribed to such terms in the Note Purchase Agreement.

 

    	 

    	 

    

 

1. EXERCISE
OF WARRANT.

 

(a) Mechanics
of Exercise. Subject to the terms and conditions hereof (including, without limitation, the limitations set forth in Section
1(f)), this Warrant may be exercised by the Holder at any time or times on or after the Issuance Date, in whole or in part, by
(i) delivery of a written notice, in the form attached hereto as Exhibit A (the “Exercise Notice”),
of the Holder’s election to exercise this Warrant and (ii) (A) payment to the Company of an amount equal to the applicable
Exercise Price multiplied by the number of Warrant Shares as to which this Warrant is being exercised (the “Aggregate
Exercise Price”) in cash by wire transfer of immediately available funds or (B) if the provisions of Section 1(d) are
applicable, by notifying the Company that this Warrant is being exercised pursuant to a Cashless Exercise. The Holder shall not
be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available
hereunder and the Warrant has been exercised in full, in which case the Holder shall surrender this Warrant to the Company for
cancellation within three (3) Trading Days after the date the Warrant Shares which are the subject of the final Notice of Exercise
are delivered to the Holder. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant
Shares available hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in
an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing
the number of Warrant Shares purchased and the date of such purchases. The Holder and any assignee, by acceptance of this Warrant,
acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant
Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount
stated on the face hereof. On or before the third (3rd) Trading Day following the date on which the Company has received the
Exercise Notice (the “Share Delivery Date”), so long as the Holder delivers the Aggregate Exercise Price (or
notice of a Cashless Exercise) on or prior to the second (2nd) Trading Day following the date on which the Company has received
the Exercise Notice (provided that if the Aggregate Exercise Price (or notice of a Cashless Exercise) has not been delivered by
such date, the Share Delivery Date shall be extended one (1) Trading Day after the Aggregate Exercise Price (or notice of a Cashless
Exercise) is delivered), the Company shall (X) provided that the Company’s transfer agent (“Transfer Agent”)
is participating in The Depository Trust Company (“DTC”) Fast Automated Securities Transfer Program (“FAST”)
and the Warrant Shares are eligible to be issued without a restrictive legend, credit such aggregate number of Warrant Shares
to which the Holder is entitled pursuant to such exercise to the Holder’s or its designee’s balance account with DTC
through its Deposit/Withdrawal At Custodian system, or (Y) if the Transfer Agent is not participating in FAST or the Warrant Shares
are not eligible to be issued without a restrictive legend, issue and dispatch by overnight courier to the address as specified
in the Exercise Notice, a certificate, registered in the Company’s share register in the name of the Holder or its designee,
for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise. The Company shall be responsible for
all fees and expenses of the Transfer Agent and all fees and expenses with respect to the issuance of Warrant Shares via DTC,
if any. Upon delivery of the Exercise Notice and the Aggregate Exercise Price (or notice of a Cashless Exercise), the Holder shall
be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this Warrant
has been exercised, irrespective of the date such Warrant Shares are credited to the Holder’s DTC account or the date of
delivery of the certificates evidencing such Warrant Shares, as the case may be. If this Warrant is submitted in connection with
any exercise pursuant to this Section 1(a) and the number of Warrant Shares represented by this Warrant submitted for exercise
is greater than the number of Warrant Shares being acquired upon an exercise, then the Company shall as soon as practicable and
in no event later than three (3) Trading Days after any exercise and at its own expense, issue a new Warrant (in accordance with
Section 7(d)) representing the right to purchase the number of Warrant Shares issuable immediately prior to such exercise under
this Warrant, less the number of Warrant Shares with respect to which this Warrant is exercised upon surrender of the Warrant
so exercised. No fractional Warrant Shares are to be issued upon the exercise of this Warrant, but rather the number of Warrant
Shares to be issued shall be rounded up to the nearest whole number. The Company shall pay any and all taxes which may be payable
with respect to the issuance and delivery of Warrant Shares upon exercise of this Warrant; provided, however, that
in the event certificates for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant when surrendered
for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder and the Company may require,
as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company’s
obligations to issue and deliver Warrant Shares in accordance with the terms and subject to the conditions hereof are absolute
and unconditional, irrespective of any action or inaction by the Holder to enforce the same, any waiver or consent with respect
to any provision hereof, the recovery of any judgment against any Person or any action to enforce the same, or any setoff, counterclaim,
recoupment, limitation or termination.

 

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(b) Exercise
Price. For purposes of this Warrant, “Exercise Price” means $5.00, subject to adjustment as provided herein.

 

(c) Company’s
Failure to Timely Deliver Securities. If the Company shall fail, for any reason or for no reason, on or prior to the Share
Delivery Date, if the Transfer Agent is not participating in FAST or such shares of Common Stock may not be issued without legends
under the 1933 Act, to issue and deliver to the Holder (or its designee) a certificate for the number of Warrant Shares to which
the Holder is entitled and register such Warrant Shares on the Company’s share register or, if the Transfer Agent is participating
in FAST and such shares of Common Stock may not be issued without legends under the 1933 Act, to credit the balance account of
the Holder or the Holder’s designee with DTC for such number of Warrant Shares to which the Holder is entitled upon the
Holder’s exercise of this Warrant (as the case may be) (a “Delivery Failure”), then, in addition to all
other remedies available to the Holder, (X) the Company shall pay in cash to the Holder on each day after the Share Delivery Date
and during such Delivery Failure an amount in cash, as liquidated damages and not as a penalty, equal to 2.0% of the product of
(A) the sum of the number of shares of Common Stock not issued to the Holder on or prior to the Share Delivery Date and to which
the Holder is entitled, and (B) any trading price of the Common Stock selected by the Holder in writing as in effect at any time
during the period beginning on the applicable Exercise Date and ending on the applicable Share Delivery Date, and (Y) the Holder,
upon written notice to the Company, may void its Exercise Notice with respect to, and retain or have returned, as the case may
be, any portion of this Warrant that has not been exercised pursuant to such Exercise Notice; provided that the voiding of an
Exercise Notice shall not affect the Company’s obligations to make any payments which have accrued prior to the date of
such notice pursuant to this Section 1(c) or otherwise. In addition to the foregoing, if on or after such Share Delivery Date
the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale
by the Holder of all or any portion of the number of shares of Common Stock issuable upon such exercise that the Holder is entitled
to receive from the Company (a “Buy-In”), then, in addition to all other remedies available to the Holder,
the Company shall, within three (3) Business Days after the Holder’s request and in the Holder’s discretion, either
(i) pay cash to the Holder in an amount equal to the Holder’s total purchase price (including brokerage commissions and
other out-of-pocket expenses, if any) for the shares of Common Stock so purchased (including, without limitation, by any other
Person in respect, or on behalf, of the Holder) (the “Buy-In Price”), at which point the Company’s obligation
to so issue and deliver such certificate (and to issue such shares of Common Stock) or credit the balance account of such Holder
or such Holder’s designee, as applicable, with DTC for the number of Warrant Shares to which the Holder is entitled upon
the Holder’s exercise hereunder (as the case may be) (and to issue such Warrant Shares) shall terminate, or (ii) promptly
honor its obligation to so issue and deliver to the Holder a certificate or certificates representing such Warrant Shares or credit
the balance account of such Holder or such Holder’s designee, as applicable, with DTC for the number of Warrant Shares to
which the Holder is entitled upon the Holder’s exercise hereunder (as the case may be) and pay cash to the Holder in an
amount equal to the excess (if any) of the Buy-In Price over the product of (A) such number of Warrant Shares multiplied by (B)
the Closing Sale Price of the Common Stock on the Share Delivery Date with respect to the related Exercise Notice (the “Buy-In
Payment Amount”). The Holder shall provide the Company written notice indicating the amounts payable to the Holder in
respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing shall limit the Holder’s
right to pursue any other remedies available to it hereunder, at law or in equity, including, without limitation, a decree of
specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver certificates representing
shares of Common Stock (or to electronically deliver such shares of Common Stock) upon the exercise of this Warrant as required
pursuant to the terms hereof.

 

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(d) Cashless
Exercise. Notwithstanding anything contained herein to the contrary (other than Section 1(f) below), the Holder may, in its
sole discretion (and without limiting the Holder’s rights and remedies contained herein), exercise this Warrant in whole
or in part and, subject to the provisions of Section 1(a), in lieu of making the cash payment otherwise contemplated to be made
to the Company upon such exercise in payment of the Aggregate Exercise Price, elect instead to receive upon such exercise the
“Net Number” of Warrant Shares determined according to the following formula:

 

Net
Number = (A x B) - (A x C)

B

 

For
purposes of the foregoing formula:

 

A=
the total number of shares with respect to which this Warrant is then being exercised.

 

B
= the quotient of (x) the sum of the VWAP of the Common Stock of each of the five (5) Trading Days ending at the close of business
on the Principal Market immediately prior to the time of exercise as set forth in the applicable Exercise Notice, divided by (y)
five (5).

 

C
= the Exercise Price then in effect for the applicable Warrant Shares at the time of such exercise.

 

For
purposes of Rule 144(d) promulgated under the 1933 Act, as in effect on the date hereof, it is intended that the Warrant Shares
issued in a Cashless Exercise shall be deemed to have been acquired by the Holder, and the holding period for the Warrant Shares
shall be deemed to have commenced, on the date this Warrant was originally issued pursuant to the Note Purchase Agreement.

 

(e) Disputes.
In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the Warrant Shares, the
Company shall promptly issue to the Holder the number of Warrant Shares that are not disputed and resolve such dispute in accordance
with Section 12.

 

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(f) Limitations
on Exercises. Notwithstanding anything to the contrary contained herein, the Company shall not effect the exercise of any
portion of this Warrant, and the Holder shall not have the right to exercise any portion of this Warrant, pursuant to the terms
and conditions of this Warrant and any such exercise shall be null and void and treated as if never made, to the extent that after
giving effect to such exercise, the Holder together with the other Attribution Parties collectively would beneficially own in
excess of 4.99% (the “Maximum Percentage”) of the number of shares of Common Stock outstanding immediately
after giving effect to such exercise. For purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially
owned by the Holder and the other Attribution Parties shall include the number of shares of Common Stock held by the Holder and
all other Attribution Parties plus the number of shares of Common Stock issuable upon exercise of this Warrant with respect to
which the determination of such sentence is being made, but shall exclude the number of shares of Common Stock which would be
issuable upon (A) exercise of the remaining, unexercised portion of this Warrant beneficially owned by the Holder or any of the
other Attribution Parties and (B) exercise or conversion of the unexercised or unconverted portion of any other securities of
the Company (including, without limitation, any convertible notes or convertible preferred stock or warrants) beneficially owned
by the Holder or any other Attribution Party subject to a limitation on conversion or exercise analogous to the limitation contained
in this Section 1(f). For purposes of this Section 1(f), beneficial ownership shall be calculated in accordance with Section 13(d)
of the Securities Exchange Act of 1934, as amended (the “1934 Act”). For purposes of this Warrant, in determining
the number of outstanding shares of Common Stock the Holder may acquire upon the exercise of this Warrant without exceeding the
Maximum Percentage, the Holder may rely on the number of outstanding shares of Common Stock as reflected in (x) the Company’s
most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other public filing with
the Securities and Exchange Commission (the “SEC”), as the case may be, (y) a more recent public announcement
by the Company or (z) any other written notice by the Company or the Transfer Agent setting forth the number of shares of Common
Stock outstanding (the “Reported Outstanding Share Number”). If the Company receives an Exercise Notice from
the Holder at a time when the actual number of outstanding shares of Common Stock is less than the Reported Outstanding Share
Number, the Company shall (i) notify the Holder in writing of the number of shares of Common Stock then outstanding and, to the
extent that such Exercise Notice would otherwise cause the Holder’s beneficial ownership, as determined pursuant to this
Section 1(f), to exceed the Maximum Percentage, the Holder must notify the Company of a reduced number of Warrant Shares to be
purchased pursuant to such Exercise Notice (the number of shares by which such purchase is reduced, the “Reduction Shares”)
and (ii) as soon as reasonably practicable, the Company shall return to the Holder any exercise price paid by the Holder for the
Reduction Shares. For any reason at any time, upon the written or oral request of the Holder, the Company shall within one (1)
Business Day confirm orally and in writing or by electronic mail to the Holder the number of shares of Common Stock then outstanding.
In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise
of securities of the Company, including this Warrant, by the Holder and any other Attribution Party since the date as of which
the Reported Outstanding Share Number was reported. In the event that the issuance of shares of Common Stock to the Holder upon
exercise of this Warrant results in the Holder and the other Attribution Parties being deemed to beneficially own, in the aggregate,
more than the Maximum Percentage of the number of outstanding shares of Common Stock (as determined under Section 13(d) of the
1934 Act), the number of shares so issued by which the Holder’s and the other Attribution Parties’ aggregate beneficial
ownership exceeds the Maximum Percentage (the “Excess Shares”) shall be deemed null and void and shall be cancelled
ab initio, and the Holder shall not have the power to vote or to transfer the Excess Shares. As soon as reasonably practicable
after the issuance of the Excess Shares has been deemed null and void, the Company shall return to the Holder the exercise price
paid by the Holder for the Excess Shares. Upon delivery of a written notice to the Company, the Holder may from time to time increase
(with such increase not effective until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum
Percentage to any other percentage not in excess of 9.99% as specified in such notice; provided that (i) any such increase in
the Maximum Percentage will not be effective until the sixty-first (61st) day after such notice is delivered to the
Company and (ii) any such increase or decrease will apply only to the Holder and the other Attribution Parties and not to any
other holder that is not an Attribution Party of the Holder. For purposes of clarity, the shares of Common Stock issuable pursuant
to the terms of this Warrant in excess of the Maximum Percentage shall not be deemed to be beneficially owned by the Holder for
any purpose including for purposes of Section 13(d) or Rule 16a-1(a)(1) of the 1934 Act. No prior inability to exercise this Warrant
pursuant to this paragraph shall have any effect on the applicability of the provisions of this paragraph with respect to any
subsequent determination of exercisability. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 1(f) to the extent necessary to correct this paragraph or any portion
of this paragraph which may be defective or inconsistent with the intended beneficial ownership limitation contained in this Section
1(f) or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitation contained
in this paragraph may not be waived and shall apply to a successor holder of this Warrant.

 

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(g) Insufficient
Authorized Shares. If at any time while this Warrant remains outstanding the Company does not have a sufficient number of
authorized and unreserved shares of Common Stock to satisfy its obligation to reserve for issuance upon exercise of this Warrant
at least a number of shares of Common Stock equal to the number of shares of Common Stock as shall from time to time be necessary
to effect the exercise of all of this Warrant then outstanding (the “Required Reserve Amount” and the failure
to have such sufficient number of authorized and unreserved shares of Common Stock, an “Authorized Share Failure”),
then the Company shall immediately take all action necessary to increase the Company’s authorized shares of Common Stock
to an amount sufficient to allow the Company to reserve the Required Reserve Amount for this Warrant then outstanding. Without
limiting the generality of the foregoing sentence, as soon as practicable after the date of the occurrence of an Authorized Share
Failure, but in no event later than sixty (60) days after the occurrence of such Authorized Share Failure, the Company shall hold
a meeting of its stockholders for the approval of an increase in the number of authorized shares of Common Stock. In connection
with such meeting, the Company shall provide each stockholder with a proxy statement and shall use its best efforts to solicit
its stockholders’ approval of such increase in authorized shares of Common Stock and to cause its board of directors to
recommend to the stockholders that they approve such proposal. In the event that the Company is prohibited from issuing shares
of Common Stock upon an exercise of this Warrant due to the failure by the Company to have sufficient shares of Common Stock available
out of the authorized but unissued shares of Common Stock (such unavailable number of shares of Common Stock, the “Authorization
Failure Shares”), in lieu of delivering such Authorization Failure Shares to the Holder, the Company shall pay cash
in exchange for the cancellation of such portion of this Warrant exercisable into such Authorization Failure Shares at a price
equal to the sum of (i) the product of (x) such number of Authorization Failure Shares and (y) the Closing Sale Price of the Common
Stock on the date the Holder delivers the applicable Exercise Notice with respect to such Authorization Failure Shares to the
Company; and (ii) to the extent the Holder purchases (in an open market transaction or otherwise) shares of Common Stock to deliver
in satisfaction of a sale by the Holder of Authorization Failure Shares, any Buy-In Payment Amount, brokerage commissions and
other out-of-pocket expenses, if any, of the Holder incurred in connection therewith. Nothing contained in this Section 1(g) shall
limit any obligations of the Company under any provision of the Note Purchase Agreement.

 

2. ADJUSTMENT
OF EXERCISE PRICE AND NUMBER OF WARRANT SHARES. The Exercise Price and the number of Warrant Shares shall be adjusted
from time to time as follows:

 

(a) Voluntary
Adjustment By Company. The Company may at any time during the term of this Warrant, without the prior written consent of the
Holder, reduce the then current Exercise Price to any amount and for any period of time deemed appropriate by the Board of Directors
of the Company.

 

(b) Adjustment
Upon Subdivision or Combination of Shares of Common Stock. If the Company at any time on or after the Subscription Date subdivides
(by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock
into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision will be proportionately reduced
and the number of Warrant Shares will be proportionately increased. If the Company at any time on or after the Subscription Date
combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into
a smaller number of shares, the Exercise Price in effect immediately prior to such combination will be proportionately increased
and the number of Warrant Shares will be proportionately decreased. Any adjustment under this Section 2(b) shall become effective
at the close of business on the date the subdivision or combination becomes effective.

 

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(c) Adjustment
Upon Issuance of Shares of Common Stock. If and whenever on or after the Subscription Date, the Company issues or sells, or
in accordance with this Section 2 is deemed to have issued or sold, any shares of Common Stock (including the issuance or sale
of shares of Common Stock owned or held by or for the account of the Company, but excluding Excluded Securities for a consideration
per share (the “New Issuance Price”) less than a price equal to the Exercise Price in effect immediately prior
to such issuance or sale or deemed issuance or sale (such Exercise Price then in effect is referred to herein as the “Applicable
Price”) (the foregoing a “Dilutive Issuance”), then immediately after such Dilutive Issuance, the
Exercise Price then in effect shall be reduced to an amount equal to the product of (i) 80% and (ii) the New Issuance Price. For
all purposes of the foregoing (including, without limitation, determining the adjusted Exercise Price and the New Issuance Price
under this Section 2(c)), the following shall be applicable:

 

(i) Issuance
of Options. If the Company in any manner grants or sells any Options and the lowest price per share for which one share of
Common Stock is at any time issuable upon the exercise of any such Option or upon conversion, exercise or exchange of any Convertible
Securities issuable upon exercise of any such Option or otherwise pursuant to the terms thereof is less than the Applicable Price,
then such share of Common Stock shall be deemed to be outstanding and to have been issued and sold by the Company at the time
of the granting or sale of such Option for such price per share. For purposes of this Section 2(c)(i), the “lowest price
per share for which one share of Common Stock is at any time issuable upon the exercise of any such Options or upon conversion,
exercise or exchange of any Convertible Securities issuable upon exercise of any such Option or otherwise pursuant to the terms
thereof” shall be equal to (1) the lower of (x) the sum of the lowest amounts of consideration (if any) received or receivable
by the Company with respect to any one share of Common Stock upon the granting or sale of such Option, upon exercise of such Option
and upon conversion, exercise or exchange of any Convertible Security issuable upon exercise of such Option or otherwise pursuant
to the terms thereof and (y) the lowest exercise price set forth in such Option for which one share of Common Stock is issuable
(or may become issuable assuming all possible market conditions) upon the exercise of any such Options or upon conversion, exercise
or exchange of any Convertible Securities issuable upon exercise of any such Option or otherwise pursuant to the terms thereof
minus (2) the sum of all amounts paid or payable to the holder of such Option (or any other Person) upon the granting or sale
of such Option, upon exercise of such Option and upon conversion, exercise or exchange of any Convertible Security issuable upon
exercise of such Option or otherwise pursuant to the terms thereof plus the value of any other consideration received or receivable
by, or benefit conferred on, the holder of such Option (or any other Person). Except as contemplated below, no further adjustment
of the Exercise Price shall be made upon the actual issuance of such shares of Common Stock or of such Convertible Securities
upon the exercise of such Options or otherwise pursuant to the terms of or upon the actual issuance of such shares of Common Stock
upon conversion, exercise or exchange of such Convertible Securities.

 

(ii) Issuance
of Convertible Securities. If the Company in any manner issues or sells any Convertible Securities and the lowest price per
share for which one share of Common Stock is at any time issuable upon the conversion, exercise or exchange thereof or otherwise
pursuant to the terms thereof is less than the Applicable Price, then such share of Common Stock shall be deemed to be outstanding
and to have been issued and sold by the Company at the time of the issuance or sale of such Convertible Securities for such price
per share. For the purposes of this Section 2(c)(ii), the “lowest price per share for which one share of Common Stock is
at any time issuable upon the conversion, exercise or exchange thereof or otherwise pursuant to the terms thereof” shall
be equal to (1) the lower of (x) the sum of the lowest amounts of consideration (if any) received or receivable by the Company
with respect to one share of Common Stock upon the issuance or sale of the Convertible Security and upon conversion, exercise
or exchange of such Convertible Security or otherwise pursuant to the terms thereof and (y) the lowest conversion price set forth
in such Convertible Security for which one share of Common Stock is issuable (or may become issuable assuming all possible market
conditions) upon conversion, exercise or exchange thereof or otherwise pursuant to the terms thereof minus (2) the sum of all
amounts paid or payable to the holder of such Convertible Security (or any other Person) upon the issuance or sale of such Convertible
Security plus the value of any other consideration received or receivable by, or benefit conferred on, the holder of such Convertible
Security (or any other Person). Except as contemplated below, no further adjustment of the Exercise Price shall be made upon the
actual issuance of such shares of Common Stock upon conversion, exercise or exchange of such Convertible Securities or otherwise
pursuant to the terms thereof, and if any such issuance or sale of such Convertible Securities is made upon exercise of any Options
for which adjustment of this Warrant has been or is to be made pursuant to other provisions of this Section 2(c), except as contemplated
below, no further adjustment of the Exercise Price shall be made by reason of such issuance or sale.

 

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(iii) Change
in Option Price or Rate of Conversion. If the purchase or exercise price provided for in any Options, the additional consideration,
if any, payable upon the issue, conversion, exercise or exchange of any Convertible Securities, or the rate at which any Convertible
Securities are convertible into or exercisable or exchangeable for shares of Common Stock increases or decreases at any time (other
than proportional changes in conversion or exercise prices, as applicable, in connection with an event referred to in Section
2(b)), the Exercise Price in effect at the time of such increase or decrease shall be adjusted to the Exercise Price which would
have been in effect at such time had such Options or Convertible Securities provided for such increased or decreased purchase
price, additional consideration or increased or decreased conversion rate, as the case may be, at the time initially granted,
issued or sold. For purposes of this Section 2(c)(iii), if the terms of any Option or Convertible Security that was outstanding
as of the Subscription Date are increased or decreased in the manner described in the immediately preceding sentence, then such
Option or Convertible Security and the shares of Common Stock deemed issuable upon exercise, conversion or exchange thereof shall
be deemed to have been issued as of the date of such increase or decrease. No adjustment pursuant to this Section 2(c) shall be
made if such adjustment would result in an increase of the Exercise Price then in effect.

 

(iv) Vesting
of Rights of Conversion or Exercise.

 

(A)
If and when any Convertible Security or Option issued prior to the Issuance Date and disclosed on Schedule I hereto
becomes by its terms exercisable, convertible or exchangeable for shares of Common Stock, then such shares of Common Stock
shall be deemed to be outstanding and to have been issued and sold by the Company at the time such Convertible Security or
Option became exercisable, convertible or exchangeable and at a price per share equal to the applicable exercise, conversion
or exchange price.

 

(B)
If any Convertible Security or Option has been issued prior to the Issuance Date and not disclosed on Schedule I
hereto, then regardless of whether it is currently exercisable, convertible or exchangeable for shares of Common Stock, such
shares of Common Stock shall be deemed to be outstanding and to have been issued and sold by the Company immediately
following the Issuance Date at a price per share equal to the applicable exercise, conversion or exchange price, regardless
of whether currently exercisable, convertible or exchangeable.

 

(v) Calculation
of Consideration Received. If any Option and/or Convertible Security and/or Adjustment Right is issued in connection with
the issuance or sale or deemed issuance or sale of any other securities of the Company (as determined by the Holder, the “Primary
Security”, and such Option and/or Convertible Security and/or Adjustment Right, the “Secondary Securities”
and together with the Primary Security, each a “Unit”), together comprising one integrated transaction (or
one or more transactions if such issuances or sales or deemed issuances or sales of securities of the Company either (A) have
at least one investor or purchaser in common, (B) are consummated in reasonable proximity to each other and/or (C) are consummated
under the same plan of financing), the aggregate consideration per share of Common Stock with respect to such Primary Security
shall be deemed to be the lowest of (x) the purchase price of such Unit, (y) if such Primary Security is an Option and/or Convertible
Security, the lowest price per share for which one share of Common Stock is at any time issuable upon the exercise or conversion
of the Primary Security in accordance with Section 2(c)(i), 2(c)(ii) or 2(c)(iii) above and (z) the quotient of (I) the sum of
the three (3) lowest VWAPs of the Common Stock during the five (5) Trading Day period immediately following the public announcement
of such Dilutive Issuance, divided by (II) three (3) (for the avoidance of doubt, if such public announcement is released prior
to the opening of the Principal Market on a Trading Day, such Trading Day shall be the first Trading Day in such five (5) Trading
Day period). If any shares of Common Stock, Options or Convertible Securities are issued or sold or deemed to have been issued
or sold for cash, the consideration received therefor will be deemed to be the net amount of consideration received by the Company
therefor. If any shares of Common Stock, Options or Convertible Securities are issued or sold for a consideration other than cash,
the amount of such consideration received by the Company will be the fair value of such consideration, except where such consideration
consists of publicly traded securities, in which case the amount of consideration received by the Company for such securities
will be the arithmetic average of the VWAPs of such security for each of the five (5) Trading Days immediately preceding the date
of receipt. If any shares of Common Stock, Options or Convertible Securities are issued to the owners of the non-surviving entity
in connection with any merger in which the Company is the surviving entity, the amount of consideration therefor will be deemed
to be the fair value of such portion of the net assets and business of the non-surviving entity as is attributable to such shares
of Common Stock, Options or Convertible Securities (as the case may be). The fair value of any consideration other than cash or
publicly traded securities shall be deemed to be equivalent to $0.01 per share issued.

 

    	 	8	 

    	 

    

 

(vi) Record
Date. If the Company takes a record of the holders of shares of Common Stock for the purpose of entitling them (A) to receive
a dividend or other distribution payable in shares of Common Stock, Options or in Convertible Securities or (B) to subscribe for
or purchase shares of Common Stock, Options or Convertible Securities, then such record date will be deemed to be the date of
the issuance or sale of the shares of Common Stock deemed to have been issued or sold upon the declaration of such dividend or
the making of such other distribution or the date of the granting of such right of subscription or purchase (as the case may be).

 

(d) Adjustment
Upon Certain Events of Default under the Note Purchase Agreement. If at any time on or after the Subscription Date an Event
of Default occurs under any Section of the Note Purchase Agreement other than Section 11.1(n), (o) or (q), and such Event of Default
remains uncured for a period of thirty (30) consecutive days, the Exercise Price shall be reduced to $0.01 as of the end of such
thirty (30) day period.

 

(e) Adjustment
Upon Standstill Extensions under the Note Purchase Agreement.

 

(i) If
at any time on or after the Subscription Date an Event of Default occurs under Section 11.1(n), (o) or (q) of the Note Purchase
Agreement and the Company exercises its right to the “First Standstill Extension” as defined in and pursuant to Section
11.3(a) of the Note Purchase Agreement, then the Exercise Price then in effect, without any further action by any party, shall
be immediately reduced to $0.01.

 

(ii) If
at any time on or after the Subscription Date the Company exercises its right to the “Second Standstill Extension”
as defined in and pursuant to Section 11.3(a) of the Note Purchase Agreement, then the number of Warrant Shares then in effect,
without any further action by any party, shall be immediately doubled.

 

    	 	9	 

    	 

    

 

(f) Par
Value. Notwithstanding anything to the contrary in this Warrant, in no event shall the Exercise Price be reduced below the
par value of the Company’s Common Stock.

 

3. RIGHTS
UPON DISTRIBUTION OF ASSETS. In addition to any adjustments pursuant to Section 2 above, if the Company shall declare or make
any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way
of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property,
options, evidence of indebtedness or any other assets by way of a dividend, spin off, reclassification, corporate rearrangement,
scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this
Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the
Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise
of this Warrant (without regard to any limitations or restrictions on exercise of this Warrant, including without limitation,
the Maximum Percentage) immediately before the date on which a record is taken for such Distribution, or, if no such record is
taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution
(provided, however, that to the extent that the Holder’s right to participate in any such Distribution would result in the
Holder and the other Attribution Parties exceeding the Maximum Percentage, then the Holder shall not be entitled to participate
in such Distribution to the extent of the Maximum Percentage (and shall not be entitled to beneficial ownership of such shares
of Common Stock as a result of such Distribution (and beneficial ownership) to the extent of any such excess) and the portion
of such Distribution shall be held in abeyance for the benefit of the Holder until such time or times, if ever, as its right thereto
would not result in the Holder and the other Attribution Parties exceeding the Maximum Percentage, at which time or times the
Holder shall be granted such Distribution (and any Distributions declared or made on such initial Distribution or on any subsequent
Distribution held similarly in abeyance) to the same extent as if there had been no such limitation).

 

4. PURCHASE
RIGHTS; FUNDAMENTAL TRANSACTIONS.

 

(a) Purchase
Rights. In addition to any adjustments pursuant to Section 2 above, if at any time the Company grants, issues or sells any
Options, Convertible Securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders
of any class of Common Stock (the “Purchase Rights”), then the Holder will be entitled to acquire, upon the
terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had
held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations
or restrictions on exercise of this Warrant, including without limitation, the Maximum Percentage) immediately before the date
on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as
of which the record holders of shares of Common Stock are to be determined for the grant, issuance or sale of such Purchase Rights
(provided, however, that to the extent that the Holder’s right to participate in any such Purchase Right would result in
the Holder and the other Attribution Parties exceeding the Maximum Percentage, then the Holder shall not be entitled to participate
in such Purchase Right to the extent of the Maximum Percentage (and shall not be entitled to beneficial ownership of such shares
of Common Stock as a result of such Purchase Right (and beneficial ownership) to the extent of any such excess) and such Purchase
Right to such extent shall be held in abeyance for the benefit of the Holder until such time or times, if ever, as its right thereto
would not result in the Holder and the other Attribution Parties exceeding the Maximum Percentage, at which time or times the
Holder shall be granted such right (and any Purchase Right granted, issued or sold on such initial Purchase Right or on any subsequent
Purchase Right held similarly in abeyance) to the same extent as if there had been no such limitation).

 

    	 	10	 

    	 

    

 

(b) Fundamental
Transactions. The Company shall not enter into or be party to a Fundamental Transaction unless:

 

(i) in
the event that the Successor Entity (including its Parent Entity) is not a publicly traded entity with common equity quoted on
or listed for trading on an Eligible Market and registered under the 1934 Act, the Company or the Successor Entity, as applicable,
shall, on or prior to the date of consummation of such Fundamental Transaction, purchase this Warrant from the Holder by paying
to the Holder cash in an amount equal to the Black Scholes Going Private Value whereupon the Successor Entity shall have no obligation
to assume the obligations of the Company under this Warrant and the other Note Documents, including any obligation to deliver
to the Holder in exchange for this Warrant any security of the Successor Entity, and

 

(ii) in
the event that the Successor Entity (including its Parent Entity) is a publicly traded entity with common equity quoted on or
listed for trading on an Eligible Market and registered under the 1934 Act, the Successor Entity assumes in writing all of the
obligations of the Company under this Warrant and the other Note Documents in accordance with the provisions of this Section 4(b)(ii)
pursuant to written agreements in form and substance satisfactory to the Holder and approved by the Holder prior to such Fundamental
Transaction, including agreements to deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced
by a written instrument substantially similar in form and substance to this Warrant, including, without limitation, which is exercisable
for a corresponding number of shares of capital stock equivalent to the shares of Common Stock acquirable and receivable upon
exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction,
and with an exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account
the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital
stock, such adjustments to the number of shares of capital stock and such exercise price being for the purpose of protecting the
economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction). Upon the consummation of
each Fundamental Transaction described in this Section 4(b)(ii) (each such Fundamental Transaction, a “Public Fundamental
Transaction”), the Successor Entity shall (x) succeed to, and be substituted for (so that from and after the date of
the applicable Public Fundamental Transaction, the provisions of this Warrant and the other Note Documents referring to the “Company”
or the “Borrower” shall refer instead to the Successor Entity), and may exercise every right and power of the Company
and shall assume all of the obligations of the Company under this Warrant and the other Note Documents with the same effect as
if such Successor Entity had been named as the Company herein or therein, and (y) deliver to the Holder confirmation that there
shall be issued upon exercise of this Warrant at any time after the consummation of the applicable Public Fundamental Transaction,
in lieu of the shares of Common Stock (or other securities, cash, assets or other property (except such items still issuable under
Sections 3 and 4(a) above, which shall continue to be receivable thereafter)) issuable upon the exercise of this Warrant prior
to the applicable Public Fundamental Transaction, such shares of publicly traded common stock (or its equivalent) of the Successor
Entity (including its Parent Entity) which the Holder would have been entitled to receive upon the happening of the applicable
Public Fundamental Transaction had this Warrant been exercised immediately prior to the applicable Public Fundamental Transaction
(without regard to any limitations on the exercise of this Warrant), as adjusted in accordance with the provisions of this Warrant.
Notwithstanding the foregoing, and without limiting Section 1(f) hereof, the Holder may elect, at its sole option, by delivery
of written notice to the Company to waive this Section 4(b)(ii) to permit the Public Fundamental Transaction without the assumption
of this Warrant.

 

    	 	11	 

    	 

    

 

In
addition to and not in substitution for any other rights hereunder, prior to the consummation of each Fundamental Transaction
pursuant to which holders of shares of Common Stock are entitled to receive securities or other assets with respect to or in exchange
for shares of Common Stock (a “Corporate Event”), the Company shall make appropriate provision to insure that
the Holder will thereafter have the right to receive upon an exercise of this Warrant at any time after the consummation of the
applicable Fundamental Transaction but prior to the Expiration Date, in lieu of the shares of the Common Stock (or other securities,
cash, assets or other property (except such items still issuable under Sections 3 and 4(a) above, which shall continue to be receivable
thereafter)) issuable upon the exercise of the Warrant prior to such Fundamental Transaction, such shares of stock, securities,
cash, assets or any other property whatsoever (including warrants or other purchase or subscription rights) which the Holder would
have been entitled to receive upon the happening of the applicable Fundamental Transaction had this Warrant been exercised immediately
prior to the applicable Fundamental Transaction (without regard to any limitations on the exercise of this Warrant). Provision
made pursuant to the preceding sentence shall be in a form and substance reasonably satisfactory to the Holder.

 

(c) Holder
Optional Redemptions. Notwithstanding the foregoing and the provisions of Section 4(b)(ii) above, at the request of the Holder
delivered at any time commencing on the earliest to occur of (x) the public disclosure of any Public Fundamental Transaction,
(y) the consummation of any Public Fundamental Transaction and (z) the Holder first becoming aware of any Public Fundamental Transaction
through the date that is ninety (90) days after the public disclosure of the consummation of such Public Fundamental Transaction
by the Company pursuant to a Current Report on Form 8-K filed with the SEC, the Company or the Successor Entity (as the case may
be) shall purchase this Warrant from the Holder on the date of such request by paying to the Holder cash in an amount equal to
the Black Scholes Value. Payment of such amounts shall be made by the Company (or at the Company’s direction) to the Holder
on or prior to the later of (x) the second (2nd) Trading Day after the date of such request and (y) the date of consummation of
such Public Fundamental Transaction.

 

(d) Application.
The provisions of this Section 4 shall apply similarly and equally to successive Fundamental Transactions and Corporate Events
and shall be applied as if this Warrant (and any such subsequent warrants) were fully exercisable and without regard to any limitations
on the exercise of this Warrant (provided that the Holder shall continue to be entitled to the benefit of the Maximum Percentage,
applied however with respect to shares of capital stock registered under the 1934 Act and thereafter receivable upon exercise
of this Warrant (or any such other warrant)).

 

5.
NONCIRCUMVENTION. The Company hereby covenants and agrees that the Company will not, by amendment of its Articles of Incorporation
or Bylaws, or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issuance
or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms
of this Warrant, and will at all times in good faith carry out all of the provisions of this Warrant and take all action as may
be required to protect the rights of the Holder. Without limiting the generality of the foregoing, the Company (i) shall not increase
the par value of any shares of Common Stock receivable upon the exercise of this Warrant above the Exercise Price then in effect,
(ii) shall take all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully
paid and nonassessable shares of Common Stock upon the proper exercise of this Warrant by the Holder, and (iii) shall, so long
as this Warrant is outstanding, take all action necessary to reserve and keep available out of its authorized and unissued shares
of Common Stock, solely for the purpose of effecting the exercise of this Warrant, the number of shares of Common Stock as shall
from time to time be necessary to effect the exercise of this Warrant (without regard to any limitations on exercise).

 

    	 	12	 

    	 

    

 

6. WARRANT
HOLDER NOT DEEMED A STOCKHOLDER. Except as otherwise specifically provided herein, the Holder, solely in such
Person’s capacity as a holder of this Warrant, shall not be entitled to vote or receive dividends or be deemed the
holder of share capital of the Company for any purpose, nor shall anything contained in this Warrant be construed to confer
upon the Holder, solely in such Person’s capacity as the Holder of this Warrant, any of the rights of a stockholder of
the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of
stock, reclassification of stock, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive
dividends or subscription rights, or otherwise, prior to the issuance to the Holder of the Warrant Shares which such Person
is then entitled to receive upon the due exercise of this Warrant. In addition, nothing contained in this Warrant shall be
construed as imposing any liabilities on the Holder to purchase any securities (upon exercise of this Warrant or otherwise)
or as a stockholder of the Company, whether such liabilities are asserted by the Company or by creditors of the Company.
Notwithstanding this Section 6, the Company shall provide the Holder with copies of the same notices and other information
given to the stockholders of the Company generally, contemporaneously with the giving thereof to the stockholders.

 

7. REISSUANCE
OF WARRANTS.

 

(a) Transfer
of Warrant. If this Warrant is to be transferred and reissued to the transferee, the Holder shall surrender this Warrant to
the Company together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the
Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer, whereupon
the Company will forthwith issue and deliver upon the order of the Holder a new Warrant (in accordance with Section 7(d)), registered
as the Holder may request, representing the right to purchase the number of Warrant Shares being transferred by the Holder and,
if less than the total number of Warrant Shares then underlying this Warrant is being transferred, a new Warrant (in accordance
with Section 7(d)) to the Holder representing the right to purchase the number of Warrant Shares not being transferred. For the
avoidance of doubt, this Section 7(a) will not apply to a sale, transfer, pledge or assignment of this Warrant that does not involve
a reissuance of this Warrant.

 

(b) Lost,
Stolen or Mutilated Warrant. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Warrant (as to which a written certification and the indemnification contemplated below shall
suffice as such evidence), and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to
the Company in customary and reasonable form and, in the case of mutilation, upon surrender and cancellation of this Warrant,
the Company shall execute and deliver to the Holder a new Warrant (in accordance with Section 7(d)) representing the right to
purchase the Warrant Shares then underlying this Warrant.

 

(c) Exchangeable
for Multiple Warrants. This Warrant is exchangeable, upon the surrender hereof by the Holder at the principal office of the
Company, for a new Warrant or Warrants (in accordance with Section 7(d)) representing in the aggregate the right to purchase the
number of Warrant Shares then underlying this Warrant, and each such new Warrant will represent the right to purchase such portion
of such Warrant Shares as is designated by the Holder at the time of such surrender; provided, however, that no
warrants for fractional shares of Common Stock shall be given.

 

(d) Issuance
of New Warrants. Whenever the Company is required to issue a new Warrant pursuant to the terms of this Warrant, such new Warrant
(i) shall be of like tenor with this Warrant, (ii) shall represent, as indicated on the face of such new Warrant, the right to
purchase the Warrant Shares then underlying this Warrant (or in the case of a new Warrant being issued pursuant to Section 7(a)
or Section 7(c), the Warrant Shares designated by the Holder which, when added to the number of shares of Common Stock underlying
the other new Warrants issued in connection with such issuance, does not exceed the number of Warrant Shares then underlying this
Warrant), (iii) shall have an issuance date, as indicated on the face of such new Warrant which is the same as the Issuance Date,
and (iv) shall have the same rights and conditions as this Warrant.

 

    	 	13	 

    	 

    

 

8.NOTICES.
Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be given in accordance
with Section 13.2 of the Note Purchase Agreement. The Company shall provide the Holder with prompt written notice of all actions
taken pursuant to this Warrant, including in reasonable detail a description of such action and the reason therefor. Without limiting
the generality of the foregoing, the Company will give written notice to the Holder (i) immediately upon any adjustment of the
Exercise Price, setting forth in reasonable detail, and certifying, the calculation of such adjustment and (ii) at least fifteen
(15) days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution
upon the shares of Common Stock, (B) with respect to any grants, issuances or sales of any Options, Convertible Securities or
rights to purchase stock, warrants, securities or other property to holders of shares of Common Stock or (C) for determining rights
to vote with respect to any Fundamental Transaction, dissolution or liquidation; provided in each case that such information
shall be made known to the public prior to or in conjunction with such notice being provided to the Holder. It is expressly understood
and agreed that the time of exercise specified by the Holder in each Exercise Notice shall be definitive and may not be disputed
or challenged by the Company.

 

9.AMENDMENT
AND WAIVER. Except as otherwise provided herein, the provisions of this Warrant may be amended or waived and the Company may
take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained
the written consent of the Holder, and with respect to any amendment, the amendment is in writing and signed by the Company and
the Holder.

 

10. GOVERNING
LAW; JURISDICTION; JURY TRIAL. This Warrant shall be governed by and construed and enforced in accordance with, and all questions
concerning the construction, validity, interpretation and performance of this Warrant shall be governed by, the internal laws
of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State
of New York. The Company hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The
City of New York, Borough of Manhattan, 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. The Company 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 the Company at the address set forth in Section 13.2 of the Note Purchase 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. Nothing contained herein shall be deemed or operate to preclude the Holder from
bringing suit or taking other legal action against the Company in any other jurisdiction to collect on the Company’s obligations
to the Holder, to realize on any collateral or any other security for such obligations, or to enforce a judgment or other court
ruling in favor of the Holder. THE COMPANY 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 WITH OR ARISING OUT OF THIS WARRANT OR ANY TRANSACTION CONTEMPLATED
HEREBY.

 

11.CONSTRUCTION;
HEADINGS; BUSINESS DAYS. This Warrant shall be deemed to be jointly drafted by the Company and the Holder and shall not be
construed against any Person as the drafter hereof. The headings of this Warrant are for convenience of reference and shall not
form part of, or affect the interpretation of, this Warrant. If the last or appointed day for the taking of any action or the
expiration of any right required or granted herein shall not be a Business Day, then, such action may be taken or such right may
be exercised on the next succeeding Business Day.

 

    	 	14	 

    	 

    

 

12. DISPUTE
RESOLUTION. In the case of a dispute as to the determination of the Exercise Price or the arithmetic calculation of the
Warrant Shares, the Company shall submit the disputed determinations or arithmetic calculations via facsimile or electronic
mail within two (2) Business Days of receipt of the Exercise Notice giving rise to such dispute, as the case may be, to the
Holder. If the Holder and the Company are unable to agree upon such determination or calculation of the Exercise Price or the
Warrant Shares within three (3) Business Days of such disputed determination or arithmetic calculation being submitted to the
Holder, then the Company shall, within two (2) Business Days submit via facsimile or electronic mail the dispute to a
nationally recognized accounting firm selected by the Holder and reasonably satisfactory to the Company. If the Company does
not object in writing to the selection of the accounting firm within two (2) Business Days of notice of the Holder’s
selection, the Company will have deemed to have consented to such selection. If the Company does object, the Company shall
provide the Holder its rationale for such rejection and five (5) acceptable alternative firms. The Company shall cause at its
expense the accepted accounting firm to perform the determinations or calculations and notify the Company and the Holder of
the results no later than three (3) Business Days from the time it receives the disputed determinations or calculations. Such
accounting firm’s determination or calculation, as the case may be, shall be binding upon all parties absent
demonstrable error. In the event that the accounting firm resolves the dispute in the Holder’s favor, a Delivery
Failure will be deemed to have occurred and the Buy-In and other remedies available to the Buyer under Section 1(c) will
apply.

 

13. REMEDIES,
OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF. The remedies provided in this Warrant shall be cumulative and in
addition to all other remedies available under this Warrant and the other Note Documents, at law or in equity (including a
decree of specific performance and/or other injunctive relief), and nothing herein shall limit the right of the Holder to
pursue actual damages for any failure by the Company to comply with the terms of this Warrant. The Company acknowledges that
a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such
breach may be inadequate. The Company therefore agrees that, in the event of any such breach or threatened breach, the Holder
shall be entitled, in addition to all other available remedies, to an injunction restraining any breach, without the
necessity of showing economic loss and without any bond or other security being required.

 

14. TRANSFER.This
Warrant and the Warrant Shares may be offered for sale, sold, transferred, pledged or assigned without the consent of the
Company, subject to compliance with applicable state and federal securities laws. The Holder acknowledges that the Warrant
Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does not utilize cashless exercise, will
have restrictions upon resale imposed by state and federal securities laws.

 

15. SEVERABILITY.If
any provision of this Warrant is prohibited by law or otherwise determined to be invalid or unenforceable by a court of
competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to
apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision
shall not affect the validity of the remaining provisions of this Warrant so long as this Warrant as so modified continues to
express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited
nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective
expectations or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be
conferred upon the parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or
unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the
prohibited, invalid or unenforceable provision(s).

 

    	 	15	 

    	 

    

 

16. NO
DISCLOSURE. The Company shall not provide material, non-public information or confidential or proprietary information to the
Holder without such Holder’s written consent.

 

17. MOST
FAVORED NATION; EXCHANGE. In the event the Company issues any Options while this Warrant remains outstanding, then (i) the
Company shall provide notice thereof to the Holder immediately following the occurrence thereof and (ii) the Holder may, in its
sole and absolute discretion, elect by written notice to the Company to cause any terms and/or conditions (as the case may be)
of such Option to be, without any further action by the Holder or the Company, automatically incorporated into this Warrant in
an economically and legally equivalent manner such that the Holder shall receive the benefit of such terms and/or conditions (as
the case may be). Notwithstanding the foregoing, if such modification would adversely effect the available tacking period under
this Warrant, in lieu of such modification, the Company shall promptly (but in no event later than the scheduled closing date
of such Subsequent Placement) exchange (an “Exchange”) all, or any portion of this Warrant as elected by the
Holder, for a new warrant, in the form of this Warrant, but incorporating such terms and/or conditions (as the case may be) of
such Option in reliance upon Rule 3(a)(9) of the 1933 Act.

 

18. PIGGYBACK
REGISTRATION RIGHTS.

 

(a) If
at any time the Warrant Shares are not eligible for resale pursuant to Rule 144 promulgated under the 1933 Act the Company has
registered or has determined to register any of its securities for its own account or for the account of other security holders
of the Company on any registration form (other than Form S-4 or S-8) (a “Piggyback Registration”), the Company
will give the Holder written notice thereof promptly (but in no event less than 15 days prior to the anticipated filing date)
and shall use its commercially reasonable efforts to include in such registration all Warrant Shares requested to be included
therein pursuant to the written request of the Holder received within 10 days after delivery of the Company’s notice. As
a condition to such inclusion, the Company may require the Holder to complete such questionnaires or enter into customary agreements
regarding the sale of such Warrant Shares, including representations and warranties as to the Holder’s beneficial ownership
of shares of the Company’s Common Stock, this Warrant and such other matters as shall be typical for distributions of the
kind contemplated by the Piggyback Registration; provided that, in no event will the Holder be required to agree to any lock-up
or other transfer restrictions on the Warrant Shares or any other securities of the Company.

 

(b) The
Company shall not grant to any Person the right to request the Company to register any Common Stock unless such rights are consistent
with the provisions of this Section 18.

 

(c) All
expenses incurred in connection with any Piggyback Registration (excluding, for the avoidance of doubt, any underwriting discount
or commission applicable to the sale by a Holder) shall be borne by the Company.

 

19. CERTAIN
DEFINITIONS. For purposes of this Warrant, the following terms shall have the following meanings:

 

(a) “1933
Act” means the Securities Act of 1933, as amended.

 

(b) “Adjustment
Right” means any right granted with respect to any securities issued in connection with, or with respect to, any issuance
or sale (or deemed issuance or sale in accordance with Section 2) of shares of Common Stock (other than rights of the type described
in Section 3 and 4 hereof) that could result in a decrease in the net consideration received by the Company in connection with,
or with respect to, such securities (including, without limitation, any cash settlement rights, cash adjustment or other similar
rights).

 

    	 	16	 

    	 

    

 

(c) “Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

(d) “Approved
Stock Plan” means any employee benefit plan which has been approved by the board of directors of the Company prior to
or subsequent to the date hereof pursuant to which shares of Common Stock and standard options to purchase Common Stock may be
issued to any employee, officer or director for services provided to the Company in their capacity as such.

 

(e) “Attribution
Parties” means, collectively, the following Persons and entities: (i) any investment vehicle, including, any funds,
feeder funds or managed accounts, currently, or from time to time after the Issuance Date, directly or indirectly managed or advised
by the Holder’s investment manager or any of its Affiliates or principals, (ii) any direct or indirect Affiliates of the
Holder or any of the foregoing, (iii) any Person acting or who could be deemed to be acting as a Group together with the Holder
or any of the foregoing and (iv) any other Persons whose beneficial ownership of the Company’s Common Stock would or could
be aggregated with the Holder’s and the other Attribution Parties for purposes of Section 13(d) of the 1934 Act. For clarity,
the purpose of the foregoing is to subject collectively the Holder and all other Attribution Parties to the Maximum Percentage.

 

(f) “Black
Scholes Going Private Value” means the value of the unexercised portion of this Warrant remaining on the date of the
consummation of the Fundamental Transaction referred to in Section 4(b)(i), which value is calculated using the Black Scholes
Option Pricing Model obtained from the “OV” function on Bloomberg utilizing (i) an underlying price per share equal
to the greater of (1) the highest Closing Sale Price of the Common Stock during the period beginning on the Trading Day immediately
preceding the announcement of the applicable Fundamental Transaction (or the consummation of the applicable Fundamental Transaction,
if earlier) and ending on the date of consummation of the applicable Fundamental Transaction and (2) the sum of the price per
share being offered in cash in the applicable Fundamental Transaction (if any) plus the value of the non-cash consideration being
offered in the applicable Fundamental Transaction (if any), (ii) a strike price equal to the Exercise Price in effect on the date
of consummation of the applicable Fundamental Transaction, (iii) a risk-free interest rate corresponding to the U.S. Treasury
rate for a period equal to the greater of (1) the remaining term of this Warrant as of the date of consummation of the applicable
Fundamental Transaction and (2) the remaining term of this Warrant as of the date of consummation of the applicable Fundamental
Transaction, (iv) a zero cost of borrow and (v) an expected volatility equal to the greater of 100% and the 60 day volatility
obtained from the “HVT” function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading
Day immediately following the earliest to occur of (A) the public disclosure of the applicable Fundamental Transaction, and (B)
the consummation of the applicable Fundamental Transaction.

 

(g) “Black
Scholes Value” means the value of the unexercised portion of this Warrant remaining on the date of the Holder’s
request pursuant to Section 4(c), which value is calculated using the Black Scholes Option Pricing Model obtained from the “OV”
function on Bloomberg utilizing (i) an underlying price per share equal to the greater of (1) the highest Closing Sale Price of
the Common Stock during the period beginning on the Trading Day immediately preceding the announcement of the applicable Fundamental
Transaction (or the consummation of the applicable Fundamental Transaction, if earlier) and ending on the Trading Day of the Holder’s
request pursuant to Section 4(c) and (2) the sum of the price per share being offered in cash in the applicable Fundamental Transaction
(if any) plus the value of the non-cash consideration being offered in the applicable Fundamental Transaction (if any), (ii) a
strike price equal to the Exercise Price in effect on the date of the Holder’s request pursuant to Section 4(c), (iii) a
risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the greater of (1) the remaining term of
this Warrant as of the date of the Holder’s request pursuant to Section 4(c) and (2) the remaining term of this Warrant
as of the date of consummation of the applicable Fundamental Transaction or as of the date of the Holder’s request pursuant
to Section 4(c) if such request is prior to the date of the consummation of the applicable Fundamental Transaction, (iv) a zero
cost of borrow and (v) an expected volatility equal to the greater of 100% and the 60 day volatility obtained from the “HVT”
function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the earliest
to occur of (A) the public disclosure of the applicable Fundamental Transaction, (B) the consummation of the applicable Fundamental
Transaction and (C) the date on which the Holder first became aware of the applicable Fundamental Transaction.

 

    	 	17	 

    	 

    

 

(h) “Bloomberg”
means Bloomberg, L.P.

 

(i) “Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close.

 

(j) “Closing
Bid Price” and “Closing Sale Price” means, for any security as of any date, the last closing bid
price and last closing trade price, respectively, for such security on the Principal Market, as reported by Bloomberg, or, if
the Principal Market begins to operate on an extended hours basis and does not designate the closing bid price or the closing
trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00:00
p.m., New York time, as reported by Bloomberg, or, if the Principal Market is not the principal securities exchange or trading
market for such security, the last closing bid price or last trade price, respectively, of such security on the principal securities
exchange or trading market where such security is listed or traded as reported by Bloomberg, or if the foregoing do not apply,
the last closing bid price or last trade price, respectively, of such security in the over-the-counter market on the electronic
bulletin board for such security as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported
for such security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such
security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.).
If the Closing Bid Price or the Closing Sale Price cannot be calculated for a security on a particular date on any of the foregoing
bases, the Closing Bid Price or the Closing Sale Price, as the case may be, of such security on such date shall be the fair market
value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market
value of such security, then such dispute shall be resolved pursuant to Section 12. All such determinations to be appropriately
adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable
calculation period.

 

(k) “Common
Stock” means (i) the Company’s shares of common stock, par value $0.0001 per share, and (ii) any share capital
into which such common stock shall have been changed or any share capital resulting from a reclassification of such common stock.

 

(l) “Convertible
Securities” means any stock or securities (other than Options) directly or indirectly convertible into or exercisable
or exchangeable for shares of Common Stock.

 

(m) “Eligible
Market” means The Nasdaq Capital Market, the NYSE American, The Nasdaq Global Select Market, The Nasdaq Global Market
or The New York Stock Exchange.

 

(n) “Excluded
Securities” means:

 

(i) shares
of Common Stock or standard options to purchase Common Stock issued to directors, officers or employees of the Company for services
rendered to the Company in their capacity as such pursuant to an Approved Stock Plan, provided that the exercise price of any
such options is not lowered, none of such options are amended to increase the number of shares issuable thereunder and none of
the terms or conditions of any such options are otherwise materially changed in any manner that adversely affects any of the holders
of this Warrant; and

 

    	 	18	 

    	 

    

 

(ii) the
issuance of Common Stock constituting Stock Merger Consideration, as defined in and issued pursuant to that certain Agreement
and Plan of Merger and Reorganization dated as of March 19, 2020, by and among the Company, FuboTV Acquisition Corp., a Delaware
corporation, and fuboTV, Inc., a Delaware corporation (the “Merger Agreement”), as such Merger Agreement is
in effect on the Issuance Date and without regard to any amendment, waiver or other modification after such date.

 

(o)
“Expiration Date” means the date that is the five (5) year anniversary of the Issuance Date or, if such date
falls on a day other than a Trading Day or on which trading does not take place on the Principal Market (a “Holiday”),
the next date that is not a Holiday.

 

(p) “Fundamental
Transaction” means (A) that the Company shall, directly or indirectly, including through subsidiaries, Affiliates or
otherwise, in one or more related transactions, (i) consolidate or merge with or into (whether or not the Company is the surviving
corporation) another Subject Entity, or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of
the properties or assets of the Company or any of its “significant subsidiaries” (as defined in Rule 1-02 of Regulation
S-X) to one or more Subject Entities, or (iii) make, or allow one or more Subject Entities to make, or allow the Company to be
subject to or have its Common Stock be subject to or party to one or more Subject Entities making, a purchase, tender or exchange
offer that is accepted by the holders of at least either (x) 50% of the outstanding shares of Common Stock, (y) 50% of the outstanding
shares of Common Stock calculated as if any shares of Common Stock held by all Subject Entities making or party to, or Affiliated
with any Subject Entities making or party to, such purchase, tender or exchange offer were not outstanding; or (z) such number
of shares of Common Stock such that all Subject Entities making or party to, or Affiliated with any Subject Entity making or party
to, such purchase, tender or exchange offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934
Act) of at least 50% of the outstanding shares of Common Stock, or (iv) consummate a stock purchase agreement or other business
combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with one or
more Subject Entities whereby all such Subject Entities, individually or in the aggregate, acquire, either (x) at least 50% of
the outstanding shares of Common Stock, (y) at least 50% of the outstanding shares of Common Stock calculated as if any shares
of Common Stock held by all the Subject Entities making or party to, or Affiliated with any Subject Entity making or party to,
such stock purchase agreement or other business combination were not outstanding; or (z) such number of shares of Common Stock
such that the Subject Entities become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934 Act) of at least
50% of the outstanding shares of Common Stock, or (v) reorganize, recapitalize or reclassify its Common Stock, (B) that the Company
shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise, in one or more related transactions, allow
any Subject Entity individually or the Subject Entities in the aggregate to be or become the “beneficial owner” (as
defined in Rule 13d-3 under the 1934 Act), directly or indirectly, whether through acquisition, purchase, assignment, conveyance,
tender, tender offer, exchange, reduction in outstanding shares of Common Stock, merger, consolidation, business combination,
reorganization, recapitalization, spin-off, scheme of arrangement, reorganization, recapitalization or reclassification or otherwise
in any manner whatsoever, of either (x) at least 50% of the aggregate ordinary voting power represented by issued and outstanding
Common Stock, (y) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock not held
by all such Subject Entities as of the date of this Warrant calculated as if any shares of Common Stock held by all such Subject
Entities were not outstanding, or (z) a percentage of the aggregate ordinary voting power represented by issued and outstanding
shares of Common Stock or other equity securities of the Company sufficient to allow such Subject Entities to effect a statutory
short form merger or other transaction requiring other stockholders of the Company to surrender their shares of Common Stock without
approval of the stockholders of the Company or (C) directly or indirectly, including through subsidiaries, Affiliates or otherwise,
in one or more related transactions, the issuance of or the entering into any other instrument or transaction structured in a
manner to circumvent, or that circumvents, the intent of this definition in which case this definition shall be construed and
implemented in a manner otherwise than in strict conformity with the terms of this definition to the extent necessary to correct
this definition or any portion of this definition which may be defective or inconsistent with the intended treatment of such instrument
or transaction.

 

    	 	19	 

    	 

    

 

(q) “Group”
means a “group” as that term is used in Section 13(d) of the 1934 Act and as defined in Rule 13d-5 thereunder.

 

(r) “Options”
means any rights, warrants or options to subscribe for or purchase shares of Common Stock or Convertible Securities.

 

(s) “Parent
Entity” of a Person means an entity that, directly or indirectly, controls the applicable Person, including such entity
whose common shares or common stock or equivalent equity security is quoted or listed on an Eligible Market (or, if so elected
by the Holder, any other market, exchange or quotation system), or, if there is more than one such Person or such entity, the
Person or such entity designated by the Holder or in the absence of such designation, such Person or entity with the largest public
market capitalization as of the date of consummation of the Fundamental Transaction.

 

(t) “Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

(u) “Principal
Market” means the OTC Bulletin Board or any other Eligible Market, or any national securities exchange, market or trading
or quotation facility on which the Common Stock is then listed or quoted.

 

(v) “Subject
Entity” means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.

 

(w) “Successor
Entity” means one or more Person or Persons (or, if so elected by the Holder, the Company or Parent Entity) formed by,
resulting from or surviving any Fundamental Transaction or one or more Person or Persons (or, if so elected by the Holder, the
Company or the Parent Entity) with which such Fundamental Transaction shall have been entered into.

 

(x) “Trading
Day” means any day on which the Common Stock is traded on the Principal Market, or, if the Principal Market is not the
principal trading market for the Common Stock, then on the principal securities exchange or securities market on which the Common
Stock is then traded; provided that “Trading Day” shall not include any day on which the Common Stock is scheduled
to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from trading during
the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing
time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York time).

 

(y)
“VWAP” means, for any security as of any date, the dollar volume-weighted average price for such security on
the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly
announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market
publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function
or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market
on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time
as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time
as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted
average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the
lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets”
by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the VWAP cannot be calculated for a security on a particular date
on any of the foregoing bases, the VWAP of such security on such date shall be the fair market value as mutually determined by
the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then
such dispute shall be resolved pursuant to Section 12 with the term “VWAP” being substituted for the term “Exercise
Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination,
reclassification or other similar transaction during the applicable calculation period.

 

[Signature
Page Follows]

 

    	 	20	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to Purchase Common Stock to be duly executed as of the Issuance Date
set out above.

 

	 	FACEBANK GROUP, INC.
	 	 	 
	 	By:	/s/ John C. Textor
	 	Name:	John C. Textor
	 	Title:	Chief Executive Officer

 

    	 

    	 

    

 

EXHIBIT
A

 

EXERCISE
NOTICE

 

TO
BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS

 

WARRANT
TO PURCHASE COMMON STOCK

 

FACEBANK
GROUP, INC.

 

The
undersigned holder hereby exercises the right to purchase _________________ of the shares of Common Stock (“Warrant Shares”)
of Facebank Group, Inc., a Florida corporation (the “Company”), evidenced by the attached Warrant to Purchase
Common Stock (the “Warrant”). Capitalized terms used herein and not otherwise defined shall have the respective
meanings set forth in the Warrant.

 

1.
Form of Exercise Price. The Holder intends that payment of the Exercise Price shall be made as:

 

____________
 a “Cash Exercise” with respect to _________________ Warrant Shares; and/or

 

____________ a
“Cashless Exercise” with respect to _______________ Warrant Shares.

 

In
the event that the Holder has elected a Cashless Exercise with respect to some or all of the Warrant Shares to be issued pursuant
hereto, the Holder hereby represents and warrants that this Exercise Notice was executed by the Holder at [a.m.][p.m.] on the
date set forth below.

 

2.
Payment of Exercise Price. In the event that the holder has elected a Cash Exercise with respect to some or all of the Warrant
Shares to be issued pursuant hereto, the holder shall pay the Aggregate Exercise Price in the sum of $___________________ to the
Company in accordance with the terms of the Warrant.

 

3.
Delivery of Warrant Shares. The Company shall deliver to the holder __________ Warrant Shares in accordance with the terms of
the Warrant.

 

	_______
    Electronic Delivery	DTC
    Participant:	 
	 	DTC
    Number:	 
	 	Account
    Name:	 
	 	Account
    Number:	 
	 	 	 
	_______
    Physical Delivery	Address:	 
	 	 	 
	 	 	 

 

Date:
_______________ __, ______

 

________________________________

 

	Name
    of Registered Holder	 
	 	 	 
	By:
    	      	 
	Name:	 	 
	Title:	 	 

 

    	 

    	 

    

 

ACKNOWLEDGMENT

 

The
Company hereby acknowledges this Exercise Notice and hereby directs American Stock Transfer & Trust Company, LLC to issue
the above indicated number of shares of Common Stock in accordance with the Transfer Agent Instructions dated _________________
from the Company and acknowledged and agreed to by American Stock Transfer & Trust Company, LLC.

 

	FACEBANK GROUP, INC.	 
	 	 	 
	By:	         	 
	Name:	 	 
	Title:	 	 

 

    	 

    	 

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing warrant, execute

this
form and supply required information.

Do
not use this form to exercise the warrant.)

 

FOR
VALUE RECEIVED,
                     all
of or
                      
shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

_______________________________________________________________ whose
address is

_______________________________________________________________

_______________________________________________________________

 

Dated:
__________________, ____

 

Holder’s
Signature:          ____________________________

Holder’s
Address:           ____________________________

                                         ____________________________

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration
or enlargement or any change whatsoever.

 

    	 

    	 

    

 

Schedule
I

 

Outstanding
Convertible Securities and Options

 

		1.	456,000
                                         shares of Series D Preferred Stock
		2.	Convertible
                                         Debt issued to following holders in the principal amounts and on the dates set forth
                                         beside their name:

 

	Holder	 	Principal Amount	 	 	Issue Date
	JSJ Investments	 	$	255,000	 	 	December 6, 2019
	Eagle Equities	 	$	210,000	 	 	December 12, 2019
	BHP Capital	 	$	125,000	 	 	December 20, 2019
	GS Capital Partners	 	$	150,000	 	 	January 17, 2020
	Auctus Fund	 	$	275,000	 	 	January 29, 2020
	Adar Alef	 	$	150,000	 	 	February 10, 2020
	EMA Capital	 	$	125,000	 	 	February 6, 2020Exhibit 10.1

 

NOTWITHSTANDING
ANYTHING HEREIN TO THE CONTRARY, THE LIEN AND SECURITY INTEREST GRANTED TO THE LENDER PURSUANT TO OR IN CONNECTION WITH THIS LOAN
AGREEMENT, THE TERMS OF THIS LOAN AGREEMENT, AND THE EXERCISE OF ANY RIGHT OR REMEDY BY THE LENDER HEREUNDER ARE SUBJECT TO THE
PROVISIONS OF THE INTERCREDITOR AGREEMENT DATED AS OF MARCH 19, 2020 (AS AMENDED, RESTATED, SUPPLEMENTED OR OTHERWISE MODIFIED
FROM TIME TO TIME, THE “INTERCREDITOR AGREEMENT”), AMONG AMC NETWORKS VENTURES, AS THE FIRST LIEN AGENT, AND THE SECOND
LIEN LENDERS PARTY THERETO. IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF THE INTERCREDITOR AGREEMENT AND THIS AGREEMENT,
THE TERMS OF THE INTERCREDITOR AGREEMENT SHALL CONTROL.

 

LOAN
AND SECURITY AGREEMENT

 

This
LOAN AND SECURITY AGREEMENT, dated as of March 19, 2020 (this “Loan Agreement”), is entered by
and between fuboTV Inc., a Delaware corporation (“Borrower”); and FaceBank Group, Inc., a Florida corporation
(“Lender”). Capitalized terms used and not otherwise defined in this Loan Agreement shall have the respective
meanings given to such terms in Article 10.

 

In
connection with and as a condition precedent to the Merger Agreement, Lender has agreed to make available to Borrower certain
loans and other financial accommodations, subject to the terms and conditions set forth herein.

 

In
consideration of the covenants, conditions and agreements set forth herein and intending to be legally bound, the parties agree
as follows:

 

Article
1. THE LOANS.

 

Section
1.01 Commitment. Subject to the terms and conditions of this Loan Agreement, Lender agrees to advance to Borrower (the
“Advance”): at Closing, a single term loan in an aggregate principal amount of Ten Million Dollars ($10,000,000).
Borrower may prepay the Advance in accordance with Section 1.02(c).

 

Section
1.02 Interest and Payments.

 

	 	(a)	Interest.
    Interest shall accrue on the unpaid principal amount of the Advance from the date of such Advance until such Advance is paid
    in full, at a fixed per annum rate of interest equal to 11.0% per annum. If Borrower pays interest on such Advance which is
    determined to be in excess of the then legal maximum rate, then that portion of each interest payment representing an amount
    in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of the Advance.

 

	 	(b)	Payments
    of Principal and Interest. Accrued and unpaid interest on the Advance shall be payable in cash monthly or any earlier
    date of prepayment in accordance with the terms of this Loan Agreement and shall be computed on the basis of a 360-day year
    based on the actual number of days elapsed. On the first Business Day of each calendar month, commencing with the calendar
    month beginning on April 1, 2020, the Borrower shall pay in arrears in cash, by automatic bank draft or wire transfer pursuant
    to the instructions set forth in Section 9.04 of immediately available funds, all accrued and unpaid interest on the outstanding
    principal amount of the Advance. The outstanding principal, together with all accrued and unpaid interest thereon, shall be
    due and payable in full on the Maturity Date.

 

    	 	 	 

    	 

    

 

	 	(c)	Prepayment.

 

	 	(i)	Voluntary
    Prepayment. Upon three (3) Business Days’ prior written notice to Lender, Borrower may, at its option, at any time,
    prepay the Advance in whole or in part, without premium or penalty. Any prepayment shall include an amount equal to the principal
    amount of the Advance being prepaid, plus all accrued and unpaid interest thereon through and including the date of such prepayment,
    plus any other amounts then due to Lender.
	 	 	 
	 	(ii)	Mandatory
    Prepayment Following Merger Termination Date. Borrower shall, within five (5) Business Days following any Merger Termination
    Date, prepay the Advance in an amount equal to the outstanding principal amount of the Advance, plus accrued and unpaid interest
    thereon through and including the date of such prepayment, plus any other amounts then due to Lender.

 

	 	(d)	No
    Usurious Interest. In the event that any interest rate(s) provided for in this Section 1 or otherwise in this Loan Agreement
    shall be determined to exceed any limitation on interest under Requirements of Law, such interest rate(s) shall be computed
    at the highest rate permitted by Requirements of Law. Any payment by the Borrower of any interest amount in excess of that
    permitted by law shall be considered a mistake, with the excess being applied to the principal amount of the Advance without
    prepayment premium or penalty; if no such principal amount is outstanding, such excess shall be returned to the Borrower.

 

Section
1.03 Use of Proceeds. The proceeds of the Advance shall be used for general corporate purposes.

 

Section
1.04 Other Payment Terms.

 

	 	(a)	Place
    and Manner. Borrower shall make all other payments due to the Lender in lawful money of the United States, in immediately
    available funds, in accordance with the instructions set forth in Section 9.04.
	 	 	 
	 	(b)	Date.
    Whenever any payment due hereunder shall fall due on a day other than a Business Day, such payment shall be made on the next
    succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the case
    may be.
	 	 	 
	 	(c)	Default
    Rate. Upon the occurrence and during the continuance of any Event of Default, Borrower shall pay interest on the aggregate,
    outstanding principal balance hereunder from the date of occurrence of such Event of Default until such Event of Default is
    cured or waived, at a per annum rate equal to the Default Rate. All computations of such interest shall be based on a year
    of 360 days and actual days elapsed.
	 	 	 
	 	(d)	Expenses.
    Each of the parties hereto will pay all costs and expenses that it incurs with respect to the negotiation, execution, delivery,
    and performance of this Loan Agreement and the transactions contemplated hereby.

 

Article
2. CREATION OF SECURITY INTEREST.

 

Section
2.01 Grant of Security Interest. Borrower grants to Lender a continuing security interest in all presently existing
and hereafter acquired or arising Collateral in order to secure prompt payment of any and all Obligations and in order to secure
prompt performance by Borrower of each of its covenants and duties under the Transaction Documents. Such security interest constitutes
a valid security interest in the presently existing Collateral, and will constitute a valid security interest in Collateral acquired
after the date hereof. Notwithstanding termination of this Loan Agreement, Lender’s Lien on the Collateral shall remain
in effect for so long as any Obligations (other than inchoate indemnity obligations) are outstanding.

 

    	 	-2-	 

    	 

    

 

Article
3. CLOSING.

 

Section
3.01 Conditions Precedent. The obligation of Lender to fund shall be subject to Lender’s receipt of each of the
following:

 

	 	(i)	This
    Loan Agreement, duly executed by Borrower;
	 	 	 
	 	(ii)	Copies,
    certified by the Secretary or Assistant Secretary of Borrower, of: (A) the Certificate of Incorporation and Bylaws of Borrower
    (as amended to the date of this Loan Agreement), (B) the resolutions adopted by Borrower’s board of directors authorizing
    the transaction and the documents being executed in connection therewith, and (C) the incumbency of the officers executing
    this Loan Agreement and the other Transaction Documents on behalf of Borrower;
	 	 	 
	 	(iii)	Good
    Standing Certificate(s) (including tax status if available) with respect to Borrower from Borrower’s state of incorporation
    and principal place of business, if different, (each) as of a date acceptable to Lender;
	 	 	 
	 	(iv)	All
    necessary consents of shareholders and other third parties with respect to the subject matter of the Loan Agreement and the
    other documents being executed in connection therewith;
	 	 	 
	 	(v)	Evidence,
    satisfactory to the Lender, of the receipt by the Borrower of all consents required under the AMC Loan Documents with respect
    to this Loan Agreement, the other Transaction Documents and the transactions contemplated hereunder and thereunder; and
	 	 	 
	 	(vi)	(i)
    final executed copies of the Merger Agreement and the other Merger Documents and (ii) final executed shareholder consents
    from Borrower’s shareholders authorizing the entry by Borrower into the Merger Documents.

 

Article
4. REPRESENTATIONS AND WARRANTIES OF BORROWER.

 

Borrower
represents and warrants to Lender that:

 

Section
4.01 Due Incorporation, Qualification, etc. Each of Borrower and its Subsidiaries (i) is a corporation duly organized,
validly existing and in good standing under the laws of its state of incorporation; (ii) has the power and authority to own, lease
and operate its properties and carry on its business as now conducted; and (iii) is duly qualified, licensed to do business and
in good standing as a foreign corporation in each jurisdiction where the failure to be so qualified or licensed could reasonably
be expected to have a Material Adverse Effect.

 

Section
4.02 Authority. The execution, delivery and performance by Borrower of each Transaction Document to be executed by
Borrower and the consummation of the transactions contemplated thereby (i) are within the power of Borrower and (ii) have been
duly authorized by all necessary actions on the part of Borrower.

 

Section
4.03 Enforceability. Each Transaction Document executed, or to be executed, by Borrower has been, or will be, duly
executed and delivered by Borrower and constitutes, or will constitute, a legal, valid and binding obligation of Borrower, enforceable
against Borrower in accordance with its terms, except as limited by bankruptcy, insolvency or other similar laws of general application
relating to or affecting the enforcement of creditors’ rights generally and general principles of equity.

 

Section
4.04 Non-Contravention. The execution and delivery by Borrower of the Transaction Documents executed by Borrower and
the performance and consummation of the transactions contemplated thereby do not and will not (i) violate any Requirement of Law
applicable to Borrower; (ii) violate any provision of, or result in the breach or the acceleration of, or entitle any other Person
to accelerate (whether after the giving of notice or lapse of time or both), any material Contractual Obligation of Borrower;
or (iii) result in the creation or imposition of any Lien upon any property, asset or revenue of Borrower (except such Liens as
may be created in favor of Lender pursuant to this Loan Agreement or the other Transaction Documents).

 

    	 	-3-	 

    	 

    

 

Section
4.05 Approvals. No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental
Authority or other Person (including, without limitation, the shareholders of any Person) is required in connection with the execution
and delivery of the Transaction Documents executed by Borrower and the performance and consummation of the transactions contemplated
thereby.

 

Section
4.06 Jurisdiction of Incorporation; Locations. Borrower is incorporated in the jurisdiction stated in the first sentence
of this Loan Agreement. Except as disclosed on Schedule 1, Borrower has not done business under any name other than that
specified on the signature page hereof.

 

Section
4.07 Merger Agreement Representations. Each representation and warranty of Borrower in the Merger Agreement (each of
which is hereby incorporated by reference) is true and correct in all material respects (without duplication of any materiality
qualifiers contained therein) as of the date hereof, as qualified by the disclosure letter delivered in connection therewith.

 

Article
5. COVENANTS OF BORROWER.

 

While
any Obligations remain outstanding:

 

Section
5.01 Financial Statements. Borrower shall provide to Lender the financial statements specified in this Section 5.01,
prepared in accordance with generally accepted accounting principles, consistently applied (except, in the case of unaudited financial
statements, for the absence of footnotes and normal year-end adjustments); provided, however, that after the effective
date of the initial registration statement covering a public offering of Borrower’s securities, Borrower shall only be required
to deliver those financial statements required to be filed by the Securities and Exchange Commission, to be provided as soon as
practicable and no less frequently than quarterly.

 

	 	(a)	As
    soon as practicable (and in any event within forty-five (45) days after the end of each fiscal quarter of Borrower), an unaudited
    consolidated balance sheet as of the end of such quarter and unaudited consolidated statements of income or loss, retained
    earnings or deficit, cash flows and capital structure of Borrower and its Subsidiaries for such quarter, certified by an officer
    of Borrower to fairly present in all material respects the data reflected therein.
	 	 	 
	 	(b)	As
    soon as practicable (and in any event within one hundred and thirty-five (135) days after the end of each fiscal year of Borrower),
    audited consolidated balance sheets as of the end of such year, and related consolidated statements of income or loss, retained
    earnings or deficit, cash flows and stockholders’ equity of Borrower and its Subsidiaries for such year, accompanied
    by an audit report and opinion of the independent certified public accountants of recognized national standing selected by
    Borrower.

 

Section
5.02 Other Information. Borrower shall promptly provide to Lender (i) notice of any Default, Event of Default, or any
matter which has resulted or would reasonably be expected to result in a Material Adverse Effect and (ii) copies of all notices,
reports, certificates, financial statements and other materials sent or received pursuant to the AMC Loan Agreement.

 

Section
5.03 Corporate Identity. Borrower shall notify Lender in writing ten (10) days prior to any change in Borrower’s
principal place of business or chief executive office and shall not, without Lender’s prior written consent, change Borrower’s
legal name or jurisdiction of incorporation.

 

    	 	-4-	 

    	 

    

 

Section
5.04 Title. Borrower shall promptly notify Lender in writing of any event which materially and adversely affects the
value of the Collateral, taken as a whole, the ability of Borrower or Lender to dispose of any material portion of the Collateral,
taken as a whole, or the rights or remedies of Lender in relation thereto, including, but not limited to, the levy of any legal
process against any material portion of the Collateral, taken as a whole.

 

Section
5.05 Good Repair. Borrower shall keep and maintain all material Collateral in good operating condition and repair,
subject to ordinary wear and tear, make all necessary repairs thereto and replacement of parts thereof so that the value and operating
efficiency thereof shall at all times be maintained and preserved in all material respects in accordance with Borrower’s
historical conduct on or prior to the date of this Loan Agreement; and Borrower shall keep books and records with respect to any
material Collateral, including maintenance records, which are complete and accurate in all material respects.

 

Section
5.06 Investment Property; Partnership/LLC Interests.

 

	 	(a)	Without
    the prior written consent of the Lender, the Borrower shall not (i) vote to enable, or take any other action to permit, any
    applicable Issuer to issue any Investment Property or Partnership/LLC Interests, except for such additional Investment Property
    or Partnership/LLC Interests that will be subject to the Security Interest granted herein in favor of the Lender or (ii) on
    or after the date of this Loan Agreement, enter into any agreement or undertaking validly restricting the right or ability
    of the Borrower or the Lender to sell, assign or transfer any Investment Property or Partnership/LLC Interests or Proceeds
    thereof, other than the Merger Documents and/or the AMC Loan Documents. The Borrower will take all commercially reasonable
    actions to defend such Security Interest of the Lender in and to any Investment Property and Partnership/LLC Interests against
    the claims and demands of all Persons whomsoever, other than Permitted Liens and any Security Interests granted in connection
    with the AMC Loan Documents or incurred with the consent of Lender.
	 	 	 
	 	(b)	If
    Borrower shall become entitled to receive or shall receive (i) any Certificated Securities (including, without limitation,
    any certificate representing a dividend or distribution paid in equity or a distribution in connection with any reclassification,
    increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect
    of the ownership interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for,
    any Investment Property, or otherwise in respect thereof, or (ii) any sums paid upon or in respect of any Investment Property
    upon the liquidation or dissolution of any Issuer, the Borrower shall accept the same as the agent of the Lender, hold the
    same in trust for the Lender, segregated from other funds of the Borrower, and promptly deliver the same to the Lender in
    accordance with the terms hereof.
	 	 	 
	 	(c)	Subject
    to the remaining provisions of this Section 5.06(c), the Borrower shall have the right to vote all or any portion of its pledged
    Investment Property and Partnership/LLC Interests on all limited liability company or corporate questions for all purposes
    not inconsistent with the terms of this Loan Agreement. To that end, if the Lender transfers all or any portion of the pledged
    Collateral into its name or the name of its nominee, to the extent authorized to do so under this Loan Agreement, the Lender
    shall, upon the request of the Borrower, unless an Event of Default exists, execute and deliver or cause to be executed and
    delivered to the Borrower, proxies with respect to the pledged Collateral pledged by the Borrower. The Borrower hereby grants
    to the Lender an irrevocable proxy such that from and after written notice to the Borrower, solely after the occurrence and
    during the continuance of an Event of Default, of an intent to exercise such rights, the Lender shall be entitled to exercise
    all voting powers pertaining to the Borrower’s pledged Collateral at all times during the existence of an Event of Default,
    including the power to call and attend all meetings of the shareholders or members of the applicable Issuer to be held from
    time to time with full power to act and vote in the name, place and stead of the Borrower (whether or not the pledged Investment
    Property and Partnership/LLC Interests shall have been transferred into its name or the name of its nominee or nominees),
    give all consents, waivers and ratifications in respect of the pledged Collateral and otherwise act with respect thereto as
    though it were the owner thereof, and any and all proxies theretofore executed by the Borrower shall terminate and thereafter
    be null and void and of no effect whatsoever.

 

    	 	-5-	 

    	 

    

 

Section
5.07 Control Covenants.

 

	 	(a)	Commencing
    no later than (30) days after the date hereof, Borrower shall use its commercially reasonable efforts to cause (i) each depository
    bank holding a Deposit Account owned by Borrower and (ii) each Securities Intermediary holding any Investment Property owned
    by Borrower, to execute and deliver a control agreement, sufficient to provide the Lender with Control of such Deposit Account
    or Investment Property and otherwise in form and substance reasonably satisfactory to the Lender (any such depository bank
    executing and delivering any such control agreement, a “Controlled Depository”, and any such Securities Intermediary
    executing and delivering any such control agreement, a “Controlled Intermediary”).
	 	 	 
	 	(b)	Upon
    the request of the Lender, Borrower will take such actions and deliver all such agreements as are requested by the Lender
    to provide the Lender with Control of all Letter of Credit Rights and Electronic Chattel Paper with a value in excess of Fifty
    Thousand Dollars ($50,000) owned or held by Borrower, including, without limitation, with respect to any such Electronic Chattel
    Paper, by having the Lender identified as the assignee of the Record(s) pertaining to the single authoritative copy thereof.
	 	 	 
	 	(c)	Commencing
    no later than thirty (30) days after the date hereof, if any Collateral (other than Collateral specifically subject to the
    provisions of Section 5.07(a) and Section 5.07(b)) with a value in excess of $100,000 in the aggregate (such Collateral exceeding
    such amount, the “Excess Collateral”) is at any time in the possession or control of any consignee, warehouseman,
    bailee (other than a carrier transporting Inventory to a purchaser in the ordinary course of business), processor, or any
    other third party, Borrower shall notify in writing such Person of the Security Interests created hereby, shall use its commercially
    reasonable efforts to obtain such Person’s acknowledgment in writing to hold all such Collateral for the benefit of
    the Lender subject to the Lender’s instructions, and shall use its commercially reasonable efforts to cause such Person
    to issue and deliver to Lender warehouse receipts, bills of lading or any similar documents relating to such Collateral to
    the Lender together with an Effective Endorsement and Assignment; provided that if Borrower is not able to obtain such agreement
    and cause the delivery of such items. Further, Borrower shall perfect and protect such Borrower’s ownership interests
    in all Inventory stored with a consignee against creditors of the consignee by filing and maintaining financing statements
    against the consignee reflecting the consignment arrangement filed in all appropriate filing offices, providing any written
    notices required by the UCC or any Requirements of Law to notify any prior creditors of the consignee of the consignment arrangement,
    and taking such other actions as may be appropriate to perfect and protect Borrower’s interests in such Inventory under
    Section 2-326, Section 9-103, Section 9-324 and Section 9-505 of the UCC or otherwise under any Requirements of Law. All such
    financing statements filed pursuant to this Section 5.07(c) shall be assigned to the Lender.

 

Section
5.08 Landlord Waivers. Commencing no later than thirty (30) days after the date hereof, with respect to any leased
property containing Collateral with an aggregate value in excess of One Hundred Thousand Dollars ($100,000), Borrower shall use
commercially reasonable efforts to obtain a landlord waiver or bailee letter or any similar agreement or arrangement, in favor
of the Lender granting the Lender rights of access to such property and the Collateral located thereon, which agreement or letter
shall be satisfactory in form and substance to the Lender.

 

    	 	-6-	 

    	 

    

 

Section
5.09 Further Assurances. Upon the request of the Lender and at the sole expense of Lender , the Borrower will promptly
and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as the Lender
may reasonably request for the purpose of obtaining or preserving the full benefits of this Loan Agreement and of the rights and
powers herein granted, including, without limitation, upon the occurrence and during the continuance of an Event of Default, (a)
the assignment of any material Contractual Obligation, (b) with respect to Government Contracts, assignment agreements and notices
of assignment, in form and substance satisfactory to the Lender, duly executed by Borrower in compliance with any Requirements
of Law, and (c) all applications, certificates, instruments, registration statements, and all other documents and papers the Lender
may reasonably request and as may be required by law in connection with the obtaining of any consent, approval, registration,
qualification, or authorization of any Person deemed necessary or appropriate for the effective exercise of any rights under this
Loan Agreement.

 

Section
5.10 AMC Loan Covenants. Borrower shall, and shall cause each of its subsidiaries to, comply in all respects with each
of the covenants, obligations and responsibilities set forth in the AMC Loan Documents, as in effect on the date hereof (and without
giving effect to any amendments, waivers, supplements, forbearances or other modifications thereto from and after the date hereof
unless such amendments, waivers, supplements or other modifications have been approved in writing by Lender).

 

Article
6. PRESERVATION OF COLLATERAL BY LENDER.

 

Should
Borrower fail or refuse to make any payment or take any other action which Borrower is obligated under any Transaction Document
to make, perform, observe, take or do at the time or in the manner provided in any Transaction Document, then at Lender’s
sole and absolute discretion, without notice to or demand upon Borrower and without releasing Borrower from any obligation, covenant
or condition in any Transaction Document, Lender may make, perform, observe, take or do the same in such manner and to such extent
as Lender may deem necessary to protect its security interest in or the value of the Collateral. In furtherance of the foregoing
rights, Borrower does hereby irrevocably appoint Lender (which appointment is coupled with an interest), the true and lawful attorney-in-fact
of Borrower with full power of substitution, for it and in its name (i) to perform (but Lender shall not be obligated to and shall
incur no liability to Borrower or any third party for failure to perform) any act which Borrower is obligated by this Loan Agreement
to perform, (ii) to ask, demand, collect, receive, receipt for, sue for, compound and give acquittance for any and all rents,
issues, profits, avails, distributions, income, payment draws and other sums in which a security interest is granted under Section
2.01 with full power to settle, adjust or compromise any claim thereunder as fully as if Lender were Borrower itself, (iii) to
receive payment of and to endorse the name of Borrower to any items of Collateral (including checks, drafts and other orders for
the payment of money) that come into Lender’s possession or under Lender’s control, (iv) to make all demands, consents
and waivers, or take any other action with respect to, the Collateral, (v) in Lender’s discretion, to file any claim or
take any other action or institute proceedings, either in its own name or in the name of Borrower or otherwise, which Lender may
reasonably deem necessary or appropriate to protect and preserve the right, title and interest of Lender in and to the Collateral,
and (vi) to otherwise act with respect thereto as though Lender were the outright owner of the Collateral; provided, however,
that the power of attorney herein granted shall be exercisable only upon the occurrence and during the continuation of an Event
of Default. Borrower agrees to reimburse Lender upon demand for all costs and expenses, including attorneys’ fees and expenses,
which Lender may incur while acting as Borrower’s attorney in fact or otherwise under this Article 6, all of which costs
and expenses are included within the Obligations.

 

    	 	-7-	 

    	 

    

 

Article
7. EVENTS OF DEFAULT.

 

Section
7.01 Events of Default. The occurrence of any of the following shall constitute an “Event of Default”
under the Transaction Documents:

 

	 	(a)	Failure
    to Pay. Borrower shall fail to pay (i) any principal or interest on the due date or (ii) any other payment required under
    the terms of this Loan Agreement or any other Transaction Document within three (3) Business Days of the due date; or
	 	 	 
	 	(b)	Breaches
    of Other Covenants. Borrower or any of its Subsidiaries shall fail to perform or observe any other term, covenant, or
    agreement contained in any Transaction Document (other than the other Events of Default specified in this Article 7) and such
    failure remains unremedied for five (5) Business Days after Borrower having obtained knowledge thereof; or
	 	 	 
	 	(c)	Representations
    and Warranties. Any representation, warranty, certificate, or other statement (financial or otherwise) made or furnished
    by or on behalf of Borrower or any of its Subsidiaries to Lender in writing in connection with this Loan Agreement or any
    of the other Transaction Documents, or as an inducement to Lender to enter into the Transaction Documents, shall be false,
    incorrect, incomplete or misleading in any material respect when made or furnished; or
	 	 	 
	 	(d)	Other
    Payment Obligations. Borrower or any of its Subsidiaries shall default in the observance or performance of any agreement,
    term or condition contained in any Indebtedness, and the effect of such failure or default is to cause, or permit the holder
    or holders thereof to cause Indebtedness in an aggregate amount of Two Hundred Fifty Thousand Dollars ($250,000) or more to
    become due prior to its stated date of maturity; or
	 	 	 
	 	(e)	Voluntary
    Bankruptcy or Insolvency Proceedings. Borrower shall (i) apply for or consent to the appointment of a receiver, trustee,
    liquidator or custodian of itself or of all or a substantial part of its property, (ii) admit in writing its inability, to
    pay its debts generally as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iv)
    be dissolved or liquidated in full or in part, (v) commence a voluntary case or other proceeding seeking liquidation, reorganization
    or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter
    in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an
    involuntary case or other proceeding commenced against it, or (vi) take any action for the purpose of affecting any of the
    foregoing; or
	 	 	 
	 	(f)	Involuntary
    Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian
    of Borrower or any of its Subsidiaries or of all or a substantial part of the property thereof, or an involuntary case or
    other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or any of its Subsidiaries
    or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and
    an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) days of commencement;
    or
	 	 	 
	 	(g)	Judgments.
    A final judgment or order for the payment of money in excess of One Hundred Fifty Thousand Dollars ($150,000) shall be rendered
    against Borrower and/or any of its Subsidiaries and the same shall remain undischarged for a period of sixty (60) days during
    which execution shall not be effectively stayed, or any judgment, writ, assessment, warrant of attachment, or execution or
    similar process shall be issued or levied against a substantial part of the property of Borrower or any of its Subsidiaries
    and such judgment, writ, or similar process shall not be released, stayed, vacated or otherwise dismissed within sixty (60)
    days after issue or levy; or
	 	 	 
	 	(h)	Transaction
    Documents. Any Transaction Document or any material term thereof shall cease to be, or be asserted by Borrower not to
    be, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms or if the Liens of Lender in
    any material portion of the Collateral, taken as a whole, shall cease to be or shall not be valid perfected Liens or Borrower
    shall assert that such Liens are not valid perfected Liens.
	 	 	 
	 	(i)	AMC
    Loan Documents. Borrower (or any of its Subsidiaries) shall fail to satisfy its covenant in Section 5.10 of this Loan
    Agreement beyond the expiration of any applicable cure or grace period contained in the AMC Loan Documents in effect as of
    the date hereof, without giving effect to any amendments, waivers, supplements, forbearances or other modifications thereto
    from and after the date hereof other than any amendments, waivers, supplements, forbearances or other modifications that are
    approved in writing by Lender.
	 	 	 
	 	(j)	LENDER’S
    RIGHTS AND REMEDIES

 

    	 	-8-	 

    	 

    

 

Section
7.02 Rights of Lender upon Default. Upon the occurrence and during the existence of any Event of Default (other than
an Event of Default referred to in Sections 7.01(e) and 7.01(f)) and at any time thereafter during the continuance of such Event
of Default, Lender may, by written notice to Borrower, declare all outstanding Obligations payable by Borrower hereunder to be
immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly
waived, anything contained herein to the contrary notwithstanding. Upon the occurrence and during the continuance of any Event
of Default described in Sections 7.01(e) and 7.01(f), immediately and without notice, all outstanding Obligations payable by Borrower
hereunder shall automatically become immediately due and payable, without presentment, demand, protest or any other notice of
any kind, all of which are hereby expressly waived.

 

Section
7.03 Rights Regarding Collateral.

 

	 	(a)	Borrower
    agrees that when any Event of Default has occurred and is continuing Lender shall have the rights, options, duties and remedies
    of a secured party as permitted by law and, in addition to and without limiting the foregoing, Lender may exercise any one
    or more or all, and in any order, of the remedies herein set forth, including the following: (i) Lender, personally or by
    agents or attorneys, shall have the right (subject to compliance with any applicable mandatory legal requirements) to require
    Borrower to assemble the Collateral and make it available to Lender at a place to be designated by Lender or to take immediate
    possession of the Collateral, or any portion thereof, and for that purpose may pursue the same wherever it may be found, and
    may enter any premises of Borrower, with or without notice, demand, process of law or legal procedure, to the extent permitted
    by applicable law, and search for, take possession of, remove, keep and store the same, or use and operate or lease the same
    until sold; (ii) Lender may, if at the time such action may be lawful and always subject to compliance with any mandatory
    legal requirements, either with or without taking possession and either before or after taking possession, without instituting
    any legal proceedings whatsoever, having first given notice of such sale by registered or certified mail to Borrower once
    at least ten (10) days prior to the date of such sale, and having first given any other notice which may be required by law,
    sell and dispose of the Collateral, or any part thereof, at a private sale or at public auction, to the highest bidder, in
    one lot as an entirety or in separate lots, and either for cash or on credit and on such terms as Lender may determine, and
    at any place (whether or not it be the location of the Collateral or any part thereof) designated in the notice referred to
    above. To the extent permitted by applicable law, any such sale or sales may be adjourned from time to time by announcement
    at the time and place appointed for such sale or sales, or for any such adjourned sale or sales, without further published
    notice, and Lender may bid and become the purchaser at any such sale; and (iii) Lender may proceed to protect and enforce
    this Loan Agreement and the other Transaction Documents by suit or suits or proceedings in equity, at law or in bankruptcy,
    and whether for the specific performance of any covenant or agreement herein contained or in execution or aid of any power
    herein granted; or for foreclosure hereunder, or for the appointment of a receiver or receivers for any real property security
    or any part thereof, or for the recovery of judgment for the Obligations or for the enforcement of any other proper, legal
    or equitable remedy available under applicable law.

 

    	 	-9-	 

    	 

    

 

	 	(b)	Borrower
    further agrees that when any Event of Default has occurred and is continuing the Lender shall have the right to receive any
    and all cash dividends, payments or distributions made in respect of any Investment Property or Partnership/LLC Interests
    or other Proceeds paid in respect of any Investment Property or Partnership/LLC Interests, and any or all of any Investment
    Property or Partnership/LLC Interests shall be registered in the name of the Lender or its nominee, and the Lender or its
    nominee may exercise (A) all voting, corporate and other rights pertaining to such Investment Property or Partnership/LLC
    Interests at any meeting of shareholders, partners or members of the relevant Issuers or otherwise and (B) any and all rights
    of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Investment Property
    or Partnership/LLC Interests as if it were the absolute owner thereof (including, without limitation, the right to exchange
    at its discretion any and all of the Investment Property or Partnership/LLC Interests upon the merger, consolidation, reorganization,
    recapitalization or other fundamental change in the corporate, partnership or limited liability company structure of any Issuer
    or upon the exercise by the Borrower or the Lender Agent of any right, privilege or option pertaining to such Investment Property
    or Partnership/LLC Interests, and in connection therewith, the right to deposit and deliver any and all of the Investment
    Property or Partnership/LLC Interests with any committee, depository, transfer agent, registrar or other designated agency
    upon such terms and conditions as the Lender may determine), all without liability except to account for property actually
    received by it; but the Lender shall have no duty to the Borrower to exercise any such right, privilege or option and the
    Lender shall not be responsible for any failure to do so or delay in so doing. In furtherance thereof, Borrower hereby authorizes
    and instructs each Issuer with respect to any Collateral consisting of Investment Property or Partnership/LLC Interests to
    comply with any instruction received by it from the Lender in writing that (A) states that an Event of Default has occurred
    and is continuing and (B) is otherwise in accordance with the terms of this Loan Agreement, without any other or further instructions
    from the Borrower, and the Borrower agrees that each Issuer shall be fully protected in so complying following receipt of
    such notice and prior to notice that such Event of Default is no longer continuing. and (ii) upon the occurrence and during
    the continuance of an Event of Default, except as otherwise expressly permitted hereby, pay any dividends, distributions or
    other payments with respect to any Investment Property or Partnership/LLC Interests directly to the Collateral Agent

 

Section
7.04 Application of Collateral Proceeds. The proceeds and/or avails of the Collateral, or any part thereof,
and the proceeds and the avails of any remedy hereunder (as well as any other amounts of any kind held by Lender at the time of,
or received by Lender after, the occurrence of an Event of Default hereunder) shall be paid to and applied as follows: (i) First,
to the payment of all costs and expenses, including all amounts expended to preserve the value of the Collateral, of foreclosure
or suit, if any, and of such sale and the exercise of any other rights or remedies, and of all proper fees, expenses, liability
and advances, including reasonable and documented legal expenses and attorneys’ fees, incurred or made hereunder by Lender;
(ii) Second, to the payment to Lender of any amounts then owing or unpaid under any Transaction Documents; and (iii) Third, to
the payment of the surplus, if any, to Borrower, its successors and assigns, or to whomsoever may be lawfully entitled to receive
the same.

 

Article
8. MISCELLANEOUS.

 

Section
8.01 Modifications, Amendments or Waivers. The provisions of any Transaction Document may be modified, amended or waived
only by a written instrument signed by the parties thereto.

 

Section
8.02 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure of Lender in exercising any right,
power or remedy hereunder shall affect or operate as a waiver thereof; nor shall any single or partial exercise thereof or any
abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any
other right, power or remedy. The rights and remedies hereunder of Lender are cumulative and not exclusive of any rights or remedies
which they would otherwise have. Any waiver, permit, consent or approval of any kind or character on the part of Lender of any
breach or default under this Loan Agreement or any such waiver of any provision or condition of this Loan Agreement must be in
writing and shall be effective only in the specified instance and to the extent specifically set forth in such writing.

 

    	 	-10-	 

    	 

    

 

Section
8.03 Reimbursement. If any action at law or in equity is necessary to enforce or interpret the terms of any Transaction
Document, the prevailing Person will be entitled to reasonable attorneys’ fees, costs, and necessary disbursements in addition
to any other relief to which such Person may be entitled.

 

Section
8.04 Disbursements and Payments.

 

(a)
Disbursements. Lender shall disburse the Advance to Borrower according to the following account and wire transfer instructions:

 

	Credit:	fuboTV
    Inc.
	Bank
    Name:	JPMorgan
    Chase Bank, N.A.
	Account
    Number:	737077136
	ABA
    Routing Number:	021000021
	Reference:	Facebank
    Loan Agreement

 

(b)
Regularly Scheduled Payments. All regularly scheduled payments due to Lender shall be effected by wire transfer of the
appropriate funds in accordance with the following wire instructions:

 

	Credit:	Facebank
    Group Inc.
	Bank
    Name:	Regions
    Bank
	Account
    Number:	0268366868
	ABA
    Routing Number:	062005690
	Reference:	Facebank
    Loan Agreement

 

Section
8.05 Notices. All notices and other communications given to or made upon any party hereto in connection with this Loan
Agreement shall be in writing and (except for financial statements and other informational documents which may be sent by email)
shall be delivered by certified mail, postage prepaid, return receipt requested, by a nationally recognized overnight courier,
or by prepaid facsimile or personally delivered to the respective parties, as follows:

 

Borrower:
fuboTV Inc.

Address:
1330 Avenue of the Americas, 7th Floor, New York, NY 10019

Email:
dgandler@fubo.tv

Attention:
David Gandler, Chief Executive Officer

 

Lender:
FaceBank Group, Inc.

Address:
1115 Broadway, 12th Floor, New York, NY 10010

Email:
john.textor@facebank.com

Attention:
John Textor, Chief Executive Officer

 

or
in accordance with any subsequent written direction from either party to the other. All such notices and other communications
shall, except as otherwise expressly herein provided, be effective when received; or in the case of delivery by messenger or overnight
delivery service, when left at the appropriate address.

 

    	 	-11-	 

    	 

    

 

Section
8.06 Severability. If any provision of any Transaction Document is held invalid or unenforceable to any extent or in
any application, the remainder of such Transaction Document and all other Transaction Documents, or the application of such provision
to different Persons or circumstances or in different jurisdictions, shall not be affected thereby.

 

Section
8.07 Confidentiality. Lender agrees to hold non-public information received in confidence and shall not disclose such
information to third parties except to their employees, members, partners, their lenders, and professional advisors to the foregoing,
including attorneys and accountants, and others under a similar duty of confidentiality, and as Lender may deem necessary in its
reasonable judgment to satisfy its legal obligations or to enforce Lender’s or rights under any Transaction Document.

 

Section
8.08 Choice of Law and Venue; Jury Trial Waiver. THIS LOAN AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. BORROWER AND LENDER HEREBY
SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN THE SOUTHERN DISTRICT OF NEW YORK. TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, LENDER AND BORROWER HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING OUT OF ANY OF THE TRANSACTION DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING
CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

 

Section
8.09 Successors and Assigns. This Loan Agreement and the other Transaction Documents shall be binding upon and inure
to the benefit of Lender, Borrower and their respective successors and permitted assigns, except that neither Lender nor Borrower
may assign or transfer its rights hereunder or thereunder or any interest herein or therein without the prior written consent
of the other party hereto; provided, that Borrower hereby consents to the pledge by Lender of all of its right, title and interest
in and to this Loan Agreement to FB Loan Series I, LLC or any of its affiliates, and to any future assignment of such right, title
and interest to FB Loan Series I, LLC or any of its affiliates.

 

Section
8.10 Counterparts. This Loan Agreement may be executed in any number of counterparts and by different parties hereto
on separate counterparts, each of which, when so executed and delivered, shall be an original, but all such counterparts shall
together constitute one and the same instrument.

 

Section
8.11 Further Assurances. Borrower will, at its own expense, from time to time do, execute, acknowledge and deliver
all and every further acts, deeds, conveyances, transfers and assurances, and all financing and continuation statements and similar
notices, reasonably necessary or proper for the perfection of the security interest being herein provided for in the Collateral,
whether now owned or hereafter acquired.

 

Section
8.12 Entire Agreement. This Loan Agreement and each of the other Transaction Documents, taken together, constitute
and contain the entire agreement of Borrower and Lender and supersede any and all prior agreements, negotiations, correspondence,
understandings and communications among the parties, whether written or oral, respecting the subject matter hereof.

 

Section
8.13 Binding Obligation; Separation from Merger Agreement. This Loan Agreement and all obligations hereof are absolute,
unconditional, separate and independent from the obligations under the Merger Agreement, and this Loan Agreement and the obligations
hereunder shall be valid and binding upon the Borrower notwithstanding any termination of the Merger Agreement. Borrower hereby
acknowledges that any termination of, subsequent amendment to, or other similar circumstances regarding the Merger Agreement do
not in any way affect the validity and enforceability of this Loan Agreement and the Liens granted hereunder; and Borrower hereby
waives any and all claims disputing the same, including, but not limited to any claims that (i) Borrower’s obligations pursuant
to this Loan Agreement are terminated, excused or otherwise modified as a result of any termination, breach, violation of, or
similar act performed, in each case by any Person, with respect to the Merger Agreement and (ii) this Loan Agreement and the Merger
Agreement, and all of the obligations hereunder and thereunder are not separate, distinct and independent in all respects.

 

    	 	-12-	 

    	 

    

 

Section
8.14 Termination. Upon payment in full of the Obligations (other than inchoate indemnity obligations), the Loan Agreement,
the security interests granted herein shall terminate and all rights to the Collateral shall revert to Borrower. Upon payment
in full of the Obligations (other than inchoate indemnity obligations), Lender shall, at the sole cost and expense of Borrower,
take such actions as may be reasonably requested by Borrower to evidence the termination of Lender’s Liens in the Collateral.

 

Section
8.15 No Set-Off. All payments to be made by Borrower shall be made without set-off (including in connection with any
breach or purported breach of any Merger Document), recoupment, or counterclaim and free and clear of and without deduction for
any and all current or future taxes, levies, imposts, deductions, charges, or withholdings with respect to any payments owed by
Borrower and all interest, penalties, or similar liabilities with respect thereto.

 

Section
8.16 Enforcement Expenses; Indemnification.

 

	 	(a)	The
    Borrower will pay all expenses of the Lender (including, without limitation, reasonable fees, charges and disbursements of
    counsel to the Lender) in connection with (a) any enforcement, amendment, supplement, modification or waiver of or to any
    provision of this Loan Agreement or any documents relating thereto (including, without limitation, a response to a request
    by the Borrower for the consent of the Lender to any action otherwise prohibited hereunder or thereunder) and (b) consent
    to any departure from, the terms of any provision of this Loan Agreement or such other documents, and (c) any prepayment hereof.
	 	 	 
	 	(b)	In
    addition to all other sums due hereunder or provided for in this Loan Agreement, the Borrower shall indemnify and hold harmless
    the Lender and its affiliates and their respective officers, directors, agents, employees, Subsidiaries, partners, members,
    attorneys, accountants and controlling persons (each, an “Indemnified Party”) to the fullest extent
    permitted by law from and against any and all losses, claims, damages, expenses (including, without limitation, reasonable
    fees, disbursements and other charges of counsel and costs of investigation incurred by an Indemnified Party in any action
    or proceeding between the Borrower and such Indemnified Party (or Indemnified Parties) or between an Indemnified Party (or
    Indemnified Parties) and any third party or otherwise) or other liabilities or losses (collectively, “Liabilities”),
    in each case resulting from or arising out of any breach of any representation or warranty, covenant or agreement of the Borrower
    in this Loan Agreement, including without limitation, the failure to make payment when due of amounts owing pursuant to this
    Loan Agreement, on the due date thereof (whether at the scheduled maturity, by acceleration or otherwise) or any legal, administrative
    or other actions (including, without limitation, actions brought by any holders of equity or Debt of the Borrower or derivative
    actions brought by any Person claiming through or in the Borrower’s or any of its Subsidiaries’ name), proceedings
    or investigations (whether formal or informal), or written threats thereof, based upon, relating to or arising out of the
    Note Documents, the transactions contemplated thereby, or any Indemnified Party’s role therein or in the transactions
    contemplated thereby; provided, however, that the Borrower shall not be liable under this Section 9.14(b) to
    an Indemnified Party to the extent such Liabilities resulted from the willful misconduct or gross negligence of such Indemnified
    Party; provided, further, that if and to the extent that such indemnification is unenforceable for any reason
    other than willful misconduct or gross negligence, the Borrower shall make the maximum contribution to the payment and satisfaction
    of such Liabilities which shall be permissible under Requirements of Law. In connection with the obligation of the Borrower
    to indemnify for expenses as set forth above, the Borrower further agrees, upon presentation of invoices, to reimburse each
    Indemnified Party for all such expenses (including, without limitation, reasonable fees, disbursements and other charges of
    counsel and costs of investigation incurred by an Indemnified Party in connection with any Liabilities) as they are incurred
    by such Indemnified Party.

 

    	 	-13-	 

    	 

    

 

	 	(c)	Each
    Indemnified Party under this Section 9.14 will, after the receipt of notice of the commencement of any action, investigation,
    claim or other proceeding against such Indemnified Party in respect of which indemnity may be sought from the Borrower under
    this Section 9.14, notify the Borrower in writing of the commencement thereof. The omission of any Indemnified Party to so
    notify the Borrower of any such action shall not relieve the Borrower from any liability which it may have to such Indemnified
    Party unless such omission substantially and irrevocably impairs the Borrower’s ability to defend the action, claim
    or other proceeding. In case any such action, claim or other proceeding shall be brought against any Indemnified Party and
    it shall notify the Borrower of the commencement thereof, the Borrower shall, with Lender’s consent, be entitled to
    assume the defense thereof at its own expense, with counsel satisfactory to such Indemnified Party in its reasonable judgment;
    provided, that any Indemnified Party may, at its own expense, retain separate counsel to participate in such defense.
    Notwithstanding the foregoing, in any action, claim or proceeding in which the Borrower, on the one hand, and an Indemnified
    Party, on the other hand, is, or is reasonably likely to become, a party, such Indemnified Party shall have the right to employ
    separate counsel at the Borrower’s expense and to control its own defense of such action, claim or proceeding if, in
    the reasonable opinion of counsel to such Indemnified Party, a conflict or potential conflict exists between the Borrower,
    on the one hand, and such Indemnified Party, on the other hand, that would make such separate representation advisable. The
    Borrower agrees that it will not, without the prior written consent of the Lender, settle, compromise or consent to the entry
    of any judgment in any pending or threatened claim, action or proceeding relating to the matters contemplated hereby (if any
    Indemnified Party is a party thereto or has been actually threatened to be made a party thereto) unless (i) such settlement,
    compromise or consent includes an unconditional release of the Lender and each other Indemnified Party from all liability
    arising or that may arise out of such claim, action or proceeding (ii) the Borrower has provided reasonable prior notice thereof
    and (iii) the Lender has provided its prior written consent to such settlement, compromise or consent, which consent will
    not be unreasonably withheld or delayed. The rights accorded to Indemnified Parties hereunder shall be in addition to any
    rights that any Indemnified Party may have at common law, by separate agreement or otherwise.
	 	 	 
	 	(d)	To
    the fullest extent permitted by Requirements of Law, Borrower shall not assert, and hereby waives, any claim against any Indemnified
    Party, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual
    damages) arising out of, in connection with, or as a result of, this Loan Agreement or any agreement or instrument contemplated
    hereby or the transactions contemplated hereby or thereby.
	 	 	 
	 	(e)	Notwithstanding
    the termination of this Loan Agreement, the indemnities to which the Lender is entitled under the provisions of this Section
    9.14 and any other provision of this Loan Agreement shall continue in full force and effect and shall protect the Lender against
    events arising after termination of this Loan Agreement as well as before.
	 	 	 
	 	(f)	All
    amounts due under this Section 9.14 shall be payable promptly after demand therefor.

 

Article
9. DEFINITIONS.

 

All
terms defined in the Code shall have the respective meanings specified in the Code. In addition, for purposes of this Loan Agreement
the following capitalized terms shall have the meanings set forth below:

 

“Advance”
shall have the meaning set forth in Section 1.01 of this Loan Agreement.

 

“AMC
Loan Agreement” shall mean that certain Credit and Guaranty Agreement, dated as of April 6, 2018, by and among Borrower,
the guarantors party thereto, the lenders party thereto and AMC Networks Ventures LLC, as administrative agent and collateral
agent, amended, amended and restated, modified, supplemented, restated or replaced from time to time.

 

    	 	-14-	 

    	 

    

 

“AMC
Loan Documents” shall mean, collectively, the AMC Loan Agreement and all other instruments, agreements and documents
executed in connection therewith (specifically including the “Credit Documents” (as defined in the AMC Loan Agreement),
as each such document may be amended, amended and restated, modified, supplemented, restated or replaced from time to time.

 

“Business
Day” shall mean any day on which commercial banks are not authorized or required to close in New York, New York.

 

“Capital
Stock” means (a) any capital stock, partnership, membership, joint venture or other ownership or equity interest,
participation or securities (whether voting or non-voting, whether preferred, common or otherwise), and (b) any option, warrant,
security or other right (including Debt securities or other evidence of Debt) directly or indirectly convertible into or exercisable
or exchangeable for, or otherwise to acquire directly or indirectly, any capital stock, partnership, membership, joint venture
or other ownership or equity interest, participation or security described in clause (a) above.

 

“Closing”
shall mean the date, time and place as each of the conditions set forth in Section 3.01 have been satisfied.

 

“Code”
shall mean the Uniform Commercial Code as in effect from time to time in the state of New York.

 

“Collateral”
shall mean property described on Exhibit A attached hereto.

 

“Contractual
Obligation” of any Person shall mean, any indenture, note, security, deed of trust, mortgage, security agreement,
lease, guaranty, instrument, contract, agreement or other form of obligation or undertaking to which such Person is a party or
by which such Person or any of its property is bound.

 

“Control”
means the manner in which “control” is achieve under the UCC with respect to any Collateral for which the UCC specifies
a method of achieving “control”.

 

“Default”
shall mean any event or circumstance not yet constituting an Event of Default but which, with the giving of any notice or the
lapse of any period of time or both, would become an Event of Default.

 

“Default
Rate” shall mean, as of any date of determination, an interest rate per annum equal to fourteen percent (14%) in
excess of the rate per annum otherwise applicable on such date.

 

“Effective
Endorsement and Assignment” means, with respect to any specific type of Collateral, all such endorsements, assignments
and other instruments of transfer reasonably requested by the Lender with respect to the Security Interests granted in such Collateral,
and in each case, in form and substance satisfactory to the Lender.

 

“Event
of Default” shall have the meaning set forth in Article 7 of this Loan Agreement.

 

“Excluded
Accounts” shall mean Excluded Accounts (as defined in the AMC Loan Agreement).

 

“Excluded
Subsidiary” shall mean Excluded Subsidiary (as defined in the AMC Loan Agreement).

 

“Governmental
Authority” shall mean any domestic or foreign national, state or local government, any political subdivision thereof,
any department, agency, authority or bureau of any of the foregoing, or any other entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.

 

    	 	-15-	 

    	 

    

 

“Government
Contract” shall mean any contract between Borrower and an agency, department or instrumentality of the United States
or any state, municipal or local Governmental Authority located in the United States or all obligations of any such Governmental
Authority arising under any Account now or hereafter owing by such Government Authority, as account debtor, to Borrower.

 

“Governmental
Rule” shall mean any law, rule, regulation, ordinance, order, code interpretation, judgment, decree, directive,
guidelines, policy or similar form of decision of any Governmental Authority.

 

“Indebtedness”
of any Person shall mean and include the aggregate amount of, without duplication (i) all obligations of such Person for borrowed
money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations
of such Person to pay the deferred purchase price of property or services (other than accounts payable incurred in the ordinary
course of business determined in accordance with generally accepted accounting principles), (iv) all obligations under capital
leases of such Person, (v) all obligations or liabilities of others secured by a lien on any asset of such Person, whether or
not such obligation or liability is assumed, (vi) all guaranties of such Person of the obligations of another Person, (vii) all
obligations created or arising under any conditional sale or other title retention agreement with respect to property acquired
by such Person (even if the rights and remedies of the seller or lender under such agreement upon an event of default are limited
to repossession or sale of such property), (viii) net exposure under any interest rate swap, currency swap, forward, cap, floor
or other similar contract that is not entered to in connection with a bona fide hedging operation that provides offsetting benefits
to such Person, which agreements shall be marked to market on a current basis, and (ix) all reimbursement and other payment obligations,
contingent or otherwise, in respect of letters of credit.

 

“Issuer”
means any issuer of any Investment Property or Partnership/LLC Interests (including, without limitation, any Issuer as defined
in the UCC).

 

“Lien”
shall mean, with respect to any property, any security interest, mortgage, pledge, lien, claim, charge or other encumbrance in,
of, or on such property or the income therefrom, including, without limitation, the interest of a vendor or lessor under a conditional
sale agreement, capital lease or other title retention agreement, or any agreement to provide any of the foregoing, and the filing
of any financing statement or similar instrument under the Code or comparable law of any jurisdiction.

 

“Loan
Agreement” shall mean this Loan and Security Agreement, as amended, restated or otherwise modified from time to
time.

 

“Maturity
Date” shall mean May 1, 2020; provided that, if the Merger is consummated on or prior to May 1, 2020, the
Maturity Date shall automatically and without further action by any Person be extended to June 27, 2020.

 

“Material
Adverse Effect” shall mean a material adverse effect on (i) the business, assets, operations, prospects or financial
or other condition of Borrower and its Subsidiaries, taken as a whole; (ii) the ability of Borrower and its Subsidiaries to pay
or perform the Obligations in accordance with the terms of this Loan Agreement and the other Transaction Documents and to avoid
an Event of Default under any Transaction Document; or (iii) the rights and remedies of Lender under this Loan Agreement, the
other Transaction Documents or any related document, instrument or agreement.

 

“Merger”
shall have the meaning set forth in the Merger Agreement (as defined in the Merger Agreement).

 

“Merger
Agreement” shall mean that certain Agreement and Plan of Merger and Reorganization, dated on or about the date hereof,
by and among Borrower, Lender and Merger Sub, as may be amended, restated, amended and restated, supplemented or otherwise modified
from time to time.

 

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“Merger
Closing Date” shall mean the Closing Date (as defined in the Merger Agreement).

 

“Merger
Documents” means the Merger Agreement and each other document required pursuant to the terms of the Merger Agreement
to be executed by Borrower in connection with the Merger at or prior to the Merger Closing Date.

 

“Merger
Sub” shall mean fuboTV Acquisition Corp., a Delaware corporation and a wholly-owned Subsidiary of Lender.

 

“Merger
Termination Date” shall mean any date on which (a) the Merger (as defined in the Merger Agreement) has not been
consummated and (b) the Merger Agreement has been terminated in accordance with its terms.

 

“Obligations”
shall mean and include all loans, advances, debts, liabilities, and obligations, howsoever arising, owed by Borrower to Lender
of every kind and description (whether or not evidenced by any note or instrument and whether or not for the payment of money),
now existing or hereafter arising under or pursuant to the terms of this Loan Agreement or the other Transaction Documents chargeable
to and payable by Borrower hereunder and thereunder, in each case, whether direct or indirect, absolute or contingent, due or
to become due, and whether or not arising after the commencement of a proceeding under Title 11 of the United States Code (11
U.S.C. Section 101 et seq.), as amended from time to time (including post-petition interest) and whether or not allowed
or allowable as a claim in any such proceeding.

 

“Partnership/LLC
Interests” means, the entire partnership interest, membership interest or limited liability company interest, as
applicable, of Borrower in each partnership, limited partnership or limited liability company owned thereby and all rights, powers
and benefits as a partner or member thereof, whether under any limited liability company agreement, operating agreement, membership
agreement, partnership agreement or similar agreement relating to any Partnership/LLC Interests or under any Requirements of Law,
including, without limitation, Borrower’s capital account, its interest as a partner or member, as applicable, in the net
cash flow, net profit and net loss, and items of income, gain, loss, deduction and credit of any such partnership, limited partnership
or limited liability company, as applicable, the Borrower’s interest in all distributions made or to be made by any such
partnership, limited partnership or limited liability company, as applicable, to the Borrower and all of the other economic rights,
titles and interests of the Borrower as a partner or member, as applicable, of any such partnership, limited partnership or limited
liability company, as applicable, whether set forth in the partnership agreement or membership agreement, as applicable, of such
partnership, limited partnership or limited liability company, as applicable, by separate agreement or otherwise.

 

“Person”
shall mean and include an individual, a partnership, a corporation (including a business trust), a joint stock company, a limited
liability company, an unincorporated association, a joint venture or other entity or a Governmental Authority.

 

“Permitted
Liens” shall mean Permitted Liens (as defined in the AMC Loan Agreement).

 

“Requirement
of Law” applicable to any Person shall mean (i) the articles or certificate of incorporation, bylaws or other governing
documents of such Person, (ii) any Governmental Rule applicable to such Person, (iii) any license, permit, approval or other authorization
granted by any Governmental Authority to or for the benefit of such Person and (iv) any judgment, decision or determination of
any Governmental Authority or arbitrator, in each case applicable to or binding upon such Person or any of its property or to
which such Person or any of its property is subject.

 

“Security
Interest” means the security interests granted pursuant to Section 2.01, as well as all other security interest
now or hereafter created or assigned as additional security for the Obligations.

 

    	 	-17-	 

    	 

    

 

“Subsidiary”
of any Person shall mean (i) any corporation of which more than fifty percent (50%) of the issued and outstanding equity securities
having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether at the
time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any
contingency) is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other
Subsidiaries or by one or more of such Person’s other Subsidiaries, (ii) any partnership, joint venture, or other association
of which more than fifty percent (50%) of the equity interest having the power to vote, direct or control the management of such
partnership, joint venture or other association is at the time owned and controlled by such Person, by such Person and one or
more of the other Subsidiaries or by one or more of such Person’s other subsidiaries and (iii) any other Person included
in the financial statements of such Person on a consolidated basis. Any reference to a Subsidiary without designation of the ownership
of such Subsidiary shall be deemed to refer to a Subsidiary of Borrower.

 

“Transaction
Documents” shall mean, collectively, the Loan Agreement and any other documents executed in connection herewith.

 

“UCC”
means the Uniform Commercial Code as currently in effect in the State of New York.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 	-18-	 

    	 

    

 

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

 

	LENDER:	 	BORROWER:
	 	 	 	 	 
	FaceBank Group, Inc.,	 	FUBOTV INC.,
	a Florida corporation	 	a Delaware corporation
	 	 	 	 	 
	By: 	/s/ John C. Textor	 	By: 	/s/ David Gandler           
	Name: 	John C. Textor	 	Name: 	David Gandler
	Title: 	Chief Executive Officer	 	Title: 	Chief Executive Officer

 

    	 	 	 

    	 

    

 

SCHEDULE
1

 

Other
Names: S.C. Networks, Inc. and other names from time to time used more than five years prior to the date hereof.

 

    	 	 	 

    	 

    

 

EXHIBIT
A

 

The
Collateral shall consist of Borrower’s right, title and interest in the following property, now owned or at any time hereafter
acquired by Borrower or in which Borrower now has or at any time in the future may acquire any right, title or interest, and wherever
located or deemed located, as collateral security for the prompt and complete payment and performance when due (whether at the
stated maturity, by acceleration or otherwise) of the Obligations:

 

(a)
all Accounts;

 

(b)
all cash and currency;

 

(c)
all Chattel Paper;

 

(d)
all Commercial Tort Claims;

 

(e)
all Deposit Accounts;

 

(f)
all Documents;

 

(g)
all Equipment;

 

(h)
all Fixtures;

 

(i)
all General Intangibles;

 

(j)
all Instruments;

 

(k)
all Intellectual Property;

 

(l)
all Inventory;

 

(m)
all Investment Property;

 

(n)
all Letter of Credit Rights;

 

(o)
Partnership/LLC Interests;

 

(p)
all Vehicles;

 

(q)
all other Goods not otherwise described above;

 

(r)
all books and records pertaining to the Collateral; and

 

(s)
to the extent not otherwise included, all Proceeds and products of any and all of the foregoing, all Accessions to any and all
of the foregoing and all collateral security and Supporting Obligations (as now or hereafter defined in the UCC) given by any
Person with respect to any of the foregoing.

 

    	 	 	 

    	 

    

 

Notwithstanding
anything herein to the contrary, in no event shall the Collateral include or the security interest granted under Section 2.01
hereof attach to (a) (x) any lease, license, contract or agreement to which any Borrower is a party and any of its rights or interests
thereunder, if and to the extent that a security interest (i) is prohibited by or in violation of (A) any law, rule or regulation
applicable to Borrower, or (B) a term, provision or condition of any such lease, license, contract or agreement, or (ii) would
result in the invalidation or termination of, or create a right of termination in favor of any other party with respect to, such
lease, license, contract, or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective
with respect to the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or
any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including title 11 of the United
States Code) or principles of equity) or (y) any property to the extent that the grant of a security interest therein, if and
to the extent that a security interest (i) is prohibited by or in violation of (A) any law, rule or regulation applicable to Borrower,
or (B) a term, provision or condition of any lease, contract, license, agreement, instrument or other document evidencing or giving
rise to such property or (ii) would result in the invalidation or termination of, or create a right of termination in favor of
any other party with respect to, any lease, contract, license, agreement, instrument or other document evidencing or giving rise
to such property (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to
the creation of the security interest hereunder pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor
provision or provisions) of any relevant jurisdiction or any other applicable law (including title 11 of the United States Code)
or principles of equity; provided, however, that the Collateral shall include (and such security interest shall attach) immediately
at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately
to any portion of such lease, license, contract or agreement or such other property, in each case, not subject to the prohibitions
specified in (a) above; provided further, the exclusion in clause (a) of this paragraph shall not include (x) any term, provision
or condition of any such lease, license, contract or agreement included for the purpose of evading any term, provision or condition
of this Agreement (for the avoidance of doubt, to the extent that including any such term, provision or condition is market practice
in any lease, license, contract or agreement entered into in the ordinary course of business, including such term, provision or
condition shall not be deemed as evading any term, provision or condition of the Loan Agreement), or (y) any proceeds of any such
lease, license, contract or agreement; (b) any of the issued and outstanding capital stock of an Excluded Subsidiary in excess
of 65% of the voting power of all classes of capital stock of such Excluded Subsidiary; provided that immediately upon the amendment
of the Internal Revenue Code occurring after the date hereof to allow the pledge of a greater percentage of the voting power of
capital stock in an Excluded Subsidiary without material adverse tax consequences, the Collateral shall include, and the security
interest granted by Borrower shall attach to such greater percentage of capital stock of each Excluded Subsidiary; (c) any “intent-to-use”
application for registration of a Trademark filed pursuant to Section 1(b) of the Lanham Act, 15 U.S.C. § 1051, prior to
the filing of a “Statement of Use” pursuant to Section 1(d) of the Lanham Act or an “Amendment to Allege Use”
pursuant to Section 1(c) of the Lanham Act with respect thereto, solely to the extent, if any, that, and solely during the period,
if any, in which, the grant of a security interest therein would impair the validity or enforceability of any registration that
issues from such intent-to-use application under applicable federal law; (d) any property as to which the Lender determines in
its sole discretion, in writing, in consultation with the Borrower that the costs of creating a security interest in such property,
or perfection thereof, are excessive in relation to the value to the Lender of the security interest afforded thereby; (e) motor
vehicles and other assets subject to certificates of title, except to the extent a security interest therein can be accomplished
by the filing of a UCC financing statement; and (f) Excluded Accounts other than those accounts referred to in paragraph (c) and
(d) of the definition thereto.

 

The
following terms when used in this Exhibit shall have the meanings assigned to them in the UCC (as defined in Article 10) as in
effect from time to time: “Accession”, “Account”, “Account Debtor”, “Authenticate”,
“Certificated Security”, “Chattel Paper”; “Commercial Tort Claim”, “Deposit
Account”, “Documents”, “Electronic Chattel Paper”, “Equipment”,
“Fixture”, “General Intangible”, “Goods”, “Instrument”,
“Inventory”, “Investment Company Security”, “Investment Property”, “Letter
of Credit Rights”, “Proceeds”, “Record”, “Registered Organization”,
“Security”, “Securities Account”, “Securities Entitlement”, “Securities
Intermediary”, “Supporting Obligation”, “Tangible Chattel Paper”, and “Uncertificated
Security”.

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