Document:

Exhibit
10.1

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (“Agreement”) is made as of the 5th day of October 2017 (the “Effective Date”) by
and between Muralikrishna Gadiyaram (the “Consultant”), and Helios and Matheson Analytics Inc. (together with each
of its present and future subsidiaries, the “Company”), in reference to the following:

 

RECITALS

 

WHEREAS,
The Company wishes to retain the Consultant, and the Consultant wishes to be retained by the Company, to continue to assist
the Company and Zone in their strategic and business development efforts.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company
and the Consultant agree as follows:

 

AGREEMENT

 

1.           Term.
The Company retains the Consultant and the Consultant accepts this appointment with the Company beginning as of the Effective
Date. The initial term of this Agreement shall be two (2) years (the “Term”), renewable thereafter by mutual written
consent, unless terminated sooner pursuant to Section 5 hereof.

 

2.           Duties of Consultant. The Consultant agrees to continue providing guidance
to the Company and Zone relating to the further development of their respective businesses and technologies, including, without
limitation, rolling-out the RedZone Map application worldwide (outside the United States), particularly in India, and, if requested
by the Company, the Consultant shall provide guidance with respect to the development of any businesses or technologies that the
Company or Zone may acquire during the term of this Agreement, including, without limitation, MoviePass Inc. (the “Services”).
The Consultant will determine the method, details and means of performing the Services. The Consultant may, at the Consultant’s
own expense, use employees or other subcontractors to assist the Consultant with the performance of the Services. In providing
the Services, the Consultant shall report to the Chief Executive Officer of the Company.

 

3.           Compensation.

 

3.1       Monthly
Compensation. The Company shall pay to the Consultant, as compensation for the Services, a consulting fee of US$18,750 per
month, which consulting fee shall be paid on the last business day of each calendar month during which the Services are rendered,
with the first such payment being due and accruing as of January 31, 2017. If this Agreement is terminated prior to the end of
a calendar month, the consulting fee for such month shall be pro-rated to the date of the Consultant’s termination.

 

3.2       Compensation
for Additional Services. Compensation for Additional Services shall be determined at the time the Subsequent Statement of
Work is entered into and shall be included therein. Compensation for Additional Services shall be paid on the last business day
of each calendar month during the period that the Additional Services are rendered.

 

     

     

    

 

4.           Nondisclosure.

 

4.1       Property
Belonging to Company. The Consultant agrees that all developments, ideas, devices, improvements, discoveries, apparatus, practices,
processes, methods, concepts and products (collectively the “Inventions”) developed by the Consultant during the term
of this Agreement are the exclusive property of the Company and shall belong to the Company. The Consultant agrees to assign the
Inventions to the Company. Notwithstanding the foregoing, the Consultant shall not be required to assign his rights in any invention
which the Consultant developed entirely on his own time without using the Company’s equipment, supplies, facilities or trade
secret information except for those inventions that either:

 

 (i) Relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of the Company; or

 

 (ii) Result from any work performed by the Consultant for the Company.

 

The
Consultant understands that he bears the full burden of proving to the Company that an invention qualifies fully under this section
4.1.

 

4.2       Access
to Confidential Information. The Consultant agrees that during the term of the business relationship between the Consultant
and the Company, the Consultant will have access to and become acquainted with confidential proprietary information (“Confidential
Information”) which is owned by the Company and is regularly used in the operation of the Company’s business. The
Consultant agrees that the term “Confidential Information” as used in this Agreement is to be broadly interpreted
and includes (i) information that has, or could have, commercial value for the business in which the Company is engaged, or in
which the Company may engage at a later time, including but not limited to all information of any kind or nature relating to the
RedZone Map technology, and (ii) information that, if disclosed without authorization, could be detrimental to the economic interests
of the Company. The Consultant agrees that the term “Confidential Information” includes, without limitation, any patent,
patent application, copyright, trademark, trade name, service mark, service name, “know-how,” negative “know-how,”
trade secrets, customer and supplier identities, characteristics and terms of agreements, details of customer or consultant contracts,
pricing policies, operational methods, marketing plans or strategies, product development techniques or plans, business acquisitions
plans, science or technical information, ideas, discoveries, designs, computer programs (including source codes), financial forecasts,
unpublished financial information, budgets, processes, procedures, formulae, improvements or other proprietary or intellectual
property of the Company, whether or not in written or tangible form, and whether or not registered, and including all memoranda,
notes, summaries, plans, reports, records, documents and other evidence thereof. The Consultant acknowledges that all Confidential
Information, whether prepared by the Consultant or otherwise acquired by the Consultant in any other way, shall remain the exclusive
property of the Company.

 

4.3       No
Unfair Use by Consultant. The Consultant promises and agrees that the Consultant (which shall include his employees and contractors)
shall not misuse, misappropriate, or disclose in any way to any person or entity any of the Company’s Confidential Information,
either directly or indirectly, nor will the Consultant use the Confidential Information in any way or at any time except as required
in the course of the Consultant’s business relationship with the Company. The Consultant agrees that the sale or unauthorized
use or disclosure of any of the Company’s Confidential Information constitutes unfair competition. The Consultant promises
and agrees not to engage in any unfair competition with the Company and will take measures that are appropriate to prevent his
employees or contractors from engaging in unfair competition with the Company.

 

    	 	1	 

     

    

 

4.4       Further
Acts. The Consultant agrees that, at any time during the term of this Agreement or any extension thereof, upon the request
of the Company and without further compensation, but at no expense to the Consultant, the Consultant shall perform any lawful
acts, including the execution of papers and oaths and the giving of testimony, that in the opinion of the Company, its successors
or assigns, may be necessary or desirable in order to obtain, sustain, reissue and renew, and in order to enforce, perfect, record
and maintain, patent applications and United States and foreign patents on the Company’s inventions, and copyright registrations
on the Company’s inventions.

 

4.5       Obligations
Survive Agreement. The Consultant’s obligations under this section 4 shall survive the expiration or termination of
this Agreement.

 

5.           Termination.

 

5.1       Termination
on Default. Should either party default in the performance of this Agreement or materially breach any of its provisions, the
non-breaching party may terminate this Agreement by giving written notification to the breaching party. Termination shall be effective
immediately on receipt of said notice. For purposes of this section, material breaches of this Agreement shall include, but not
be limited to, (i) the failure by the Company to pay the compensation set forth in section 3 above; or (ii) any item that constitutes
Cause (as defined in Section 5.2).

 

5.2       Termination
on Notice. Either party may terminate this Agreement at any time by giving thirty (30) days written notice to the other party.
If the Company terminates the Agreement without Cause prior to the end of the Term, the Consultant shall be entitled to a severance
payment equal to the lesser of (a) the consulting fee for the remainder of the Term, or (b) the consulting fee for a period of
12 months following the delivery of written notice of termination by the Company, in each case, payable monthly and subject to
proration in accordance with Section 3.1. For the purposes of this Agreement, “Cause” shall be defined as (i) the
Consultant’s conviction of, or entry of a plea of guilty or nolo contendere for any crime which constitutes a felony in
the jurisdiction involved; (ii) misappropriation by the Consultant of funds of the Company or the Consultant’s commission
of an act of fraud against the Company , as determined by the Company’s Board of Directors in good faith; (iii) the Consultant’s
gross negligence in the performance of the Services, as determined by the Company’s Board of Directors in good faith; (iv)
a willful breach by the Consultant of a material provision of this Agreement, as determined by the Company’s Board of Directors
in good faith; (v) termination of the Consultant’s employment in connection with the bankruptcy, insolvency, liquidation
or similar winding-up of the Company’s businesses; (vi) the Consultant’s failure to substantially perform the Services,
as determined by the Company’s Board of Directors in good faith, (vii) the Consultant’s failure to conform in all
material respects to all laws and regulations governing the Consultant’s duties under this Agreement; (viii) the Consultant’s
commission of any act that tends to bring the Company into public scandal or which will reflect unfavorably on the reputation
of the Company, as determined by the Company’s Board of Directors in good faith; or (ix) the Consultant’s commission
of any act of dishonesty, fraud, or misrepresentation with respect to the Company, as determined by the Company’s Board
of Directors in good faith.

 

    	 	2	 

     

    

 

5.3       Automatic
Termination. This Agreement terminates automatically on the occurrence of the bankruptcy or insolvency of either party.

 

5.4       Return
of Company Property. Upon the termination or expiration of this Agreement, the Consultant shall immediately transfer to the
Company all files (including, but not limited to, electronic files), records, documents, drawings, specifications, equipment and
similar items in his possession relating to the business of the Company or its Confidential Information (including the work product
of the Consultant created pursuant to this Agreement).

 

6.           Status
of Consultant. The Consultant understands and agrees that his employees are not employees of the Company and that his
employees shall not be entitled to receive employee benefits from the Company, including, but not limited to, sick leave, vacation,
retirement, death benefits, or an automobile. The Consultant shall be responsible for providing, at the Consultant’s expense
and in the Consultant’s name, disability, worker’s compensation or other insurance as well as licenses and permits
usual or necessary for conducting the services hereunder. Furthermore, the Consultant shall pay, when and as due, any and all
taxes incurred as a result of the Consultant’s compensation hereunder, including estimated taxes, and shall provide the
Company with proof of said payments, upon demand. The Consultant hereby agrees to indemnify the Company for any claims, losses,
costs, fees, liabilities, damages or injuries suffered by the Company arising out of the Consultant’s breach of this section.

 

7.           Representations
by Consultant. The Consultant represents that the Consultant has the qualifications and ability to perform the services
in a professional manner, without the advice, control, or supervision of the Company. The Consultant shall indemnify, defend,
and hold harmless the Company, and the Company’s officers, directors, and shareholders from and against any and all claims,
demands, losses, costs, expenses, obligations, liabilities, damages, recoveries, and deficiencies, including, without limitation,
interest, penalties, and reasonable attorney fees and costs, that the Company may incur or suffer and that arise, result from,
or are related to any breach or failure of the Consultant to perform any of the representations, warranties and agreements contained
in this Agreement.

 

8.           Business
Expenses. The Company shall reimburse the Consultant for all reasonable business expenses incurred by the Consultant,
provided that each such expenditure is approved by the Chief Executive Officer or Chief Financial Officer of the Company prior
to being incurred and qualifies as a proper deduction on the Company’s federal and state income tax return. Each such expenditure
shall be reimbursable only if the Consultant furnishes to the Company adequate records and other documentary evidence required
by federal and state statutes and regulations issued by the appropriate taxing authorities for the substantiation of that expenditure
as an income tax deduction.

 

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9.           Notices.
Unless otherwise specifically provided in this Agreement, all notices or other communications (collectively and severally
called “Notices”) required or permitted to be given under this Agreement, shall be in writing, and shall be given
by: (A) personal delivery (which form of Notice shall be deemed to have been given upon delivery), (B) by telegraph or by private
airborne/overnight delivery service (which forms of Notice shall be deemed to have been given upon confirmed delivery by the delivery
agency), or (C) by electronic or facsimile or telephonic transmission, provided the receiving party has a compatible device or
confirms receipt thereof (which forms of Notice shall be deemed delivered upon confirmed transmission or confirmation of receipt).
Notices shall be addressed to the address set forth below, or to such other address as the receiving party shall have specified
most recently by like Notice, with a copy to the other party.

 

If
to the Company:

 

Helios
and Matheson Analytics Inc.

The
Empire State Building

350
5th Avenue, Suite 7520

New
York, New York 10118

Attn.:
Chief Financial Officer

Facsimile
No.:                                     

Email:
sbenson@hmny.com

 

If
to the Consultant:

 

Mr.
Muralikrishna Gadiyaram

Facsimile
No.:                                     

Email:

 

10.         Choice
of Law and Venue. This Agreement shall be governed according to the laws of the state of New York. Venue for any legal
or equitable action between the Company and the Consultant which relates to this Agreement shall be in the Federal or State courts
located in the borough of Manhattan, City of New York, State of New York.

 

11.         Entire
Agreement. This Agreement supersedes any and all other agreements, either oral or in writing, between the parties hereto
with respect to the Services to be rendered by the Consultant to the Company and contains all of the covenants and agreements
between the parties with respect to the Services to be rendered by the Consultant to the Company in any manner whatsoever. Each
party to this agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have
been made by any party, or anyone acting on behalf of any party, which are not embodied herein, and that no other agreement, statement
or promise not contained in this Agreement shall be valid or binding on either party.

 

12.         Counterparts.
This Agreement may be executed manually or by facsimile signature in two or more counterparts, each of which shall be deemed
an original, and all of which together shall constitute but one and the same instrument.

 

13.         Severability.
If any term or provision of this Agreement or the application thereof to any person or circumstance shall, to any extent,
be determined to be invalid, illegal or unenforceable under present or future laws effective during the term of this Agreement,
then and, in that event: (A) the performance of the offending term or provision (but only to the extent its application is invalid,
illegal or unenforceable) shall be excused as if it had never been incorporated into this Agreement, and, in lieu of such excused
provision, there shall be added a provision as similar in terms and amount to such excused provision as may be possible and be
legal, valid and enforceable, and (B) the remaining part of this Agreement (including the application of the offending term or
provision to persons or circumstances other than those as to which it is held invalid, illegal or unenforceable) shall not be
affected thereby and shall continue in full force and effect to the fullest extent provided by law.

 

    	 	4	 

     

    

 

14.         Preparation
of Agreement. It is acknowledged by each party that such party either had separate and independent advice of counsel or
the opportunity to avail himself or itself of same. In light of these facts it is acknowledged that no party shall be construed
to be solely responsible for the drafting hereof, and therefore any ambiguity shall not be construed against any party as the
alleged draftsman of this Agreement.

 

15.         No
Assignment of Rights or Delegation of Duties by Consultant; Company’s Right to Assign. The Consultant’s rights
and benefits under this Agreement are personal to him and therefore no such right or benefit shall be subject to voluntary or
involuntary alienation, assignment or transfer. The Company may assign its rights and delegate its obligations under this Agreement
to any other person or entity.

 

16.         Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall
constitute one and the same instrument, binding on all parties hereto. Any signature page of this Agreement may be detached from
any counterpart of this Agreement and reattached to any other counterpart of this Agreement identical in form hereto by having
attached to it one or more additional signature pages.

 

17.         Electronically
Transmitted Documents. If a copy or counterpart of this Agreement is originally executed and such copy or counterpart
is thereafter transmitted electronically by facsimile or similar device, such facsimile document shall for all purposes be treated
as if manually signed by the party whose facsimile signature appears.

 

[SIGNATURES
APPEAR ON NEXT PAGE]

 

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WHEREFORE,
the parties have executed this Consulting Agreement on the date first written above.

 

	 	“CONSULTANT”
	 	 	 
	 	/s/
    Muralikrishna Gadiyaram
	 	Muralikrishna
    Gadiyaram
	 	 	 
	 	“COMPANY”
	 	 	 
	 	Helios
    and Matheson Analytics Inc.
	 	 	 
	 	By:	/s/
    Theodore Farnsworth
	 	Name:	Theodore
    Farnsworth
	 	Title:	Chief
    Executive Officer

 

 

  

7Exhibit 10.2

 

THE SECURITIES REPRESENTED BY THIS AGREEMENT
AND ISSUABLE UPON THE EXERCISE OF THE OPTION EVIDENCED HEREBY (COLLECTIVELY, THE “SECURITIES”) HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE
OR DISTRIBUTION THEREOF. NO SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION
OF COUNSEL IN A FORM SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

 

INVESTMENT OPTION AGREEMENT

 

INVESTMENT OPTION AGREEMENT,
dated as of October 11, 2017 (this “Agreement”), by and between Helios and Matheson Analytics Inc., a Delaware
corporation (“Helios”), and MoviePass Inc., a Delaware corporation (“MoviePass”). Capitalized
terms used but not otherwise defined herein have the meanings ascribed to those terms in the Purchase Agreement (as defined below).

 

WHEREAS, Helios and
MoviePass are parties to a Securities Purchase Agreement, dated August 15, 2017 (as may be amended from time to time, the “Purchase
Agreement”);

 

WHEREAS, pursuant to
the Purchase Agreement, Helios agreed to purchase such number of shares of MoviePass common stock, $0.0001 par value per share
(the “Common Stock”), equal to 51% of the then outstanding shares of Common Stock of MoviePass (on a fully-diluted
basis, giving effect to the payment or conversion of any notes that convert into MoviePass capital stock that are outstanding immediately
prior to the Closing, but excluding any outstanding options to purchase shares of Common Stock and warrants to purchase shares
of MoviePass’ capital stock and the shares of Common Stock issuable upon conversion of the Kelly Note) for an aggregate purchase
price of up to $27,000,000;

 

WHEREAS, on October
6, 2017, Helios and MoviePass entered into an amendment to the Purchase Agreement (the “Amendment”), pursuant
to which the amount of shares of Common Stock to be purchased by Helios at the Closing was increased to 51.71% of the then outstanding
shares of Common Stock for an aggregate purchase price of $28,500,000 and $5,000,000 to be loaned under the Helios Note on the
90th calendar day following the Closing was accelerated and provided to MoviePass as of the date of the Amendment; and

 

WHEREAS, in consideration
of the transactions contemplated by the Amendment, MoviePass desires to grant an option, and Helios desires to acquire an option,
to purchase such additional number of shares of Common Stock equal to an additional 8.7% of the Currently Outstanding Shares of
Common Stock (as defined below) for an aggregate purchase price of up to $20,000,000 (the “Maximum Option Amount”).

 

     

     

    

 

NOW, THEREFORE, in
consideration of the premises, mutual covenants herein set forth and other good and valuable consideration, subject to the terms
and conditions herein, MoviePass and Helios hereby agree as follows:

 

1.           Grant
of Option; Term; Exercise Price.

 

(a)       Subject
to the terms and conditions herein, MoviePass hereby grants to Helios an option (the “Option”) to purchase up
to that number of shares of MoviePass’ common stock (such shares of common stock being referred to herein as the “Option
Shares”) equal to 8.7% of the Currently Outstanding Shares of Common Stock of MoviePass as of the date hereof. For purposes
of this Agreement, “Currently Outstanding Shares of Common Stock” means the sum of (i) all shares of Common
Stock outstanding as of the date hereof, (ii) all shares of Common Stock issuable upon conversion of outstanding Preferred Stock
as of the date hereof, (iii) all shares of Common Stock issuable assuming the conversion in full of any convertible notes of MoviePass
outstanding as of the date hereof (the “Currently Outstanding Notes”) that convert into MoviePass capital stock,
including the Kelly Note, and (iv) all shares of Common Stock issuable to Helios at Closing assuming that Closing occurred on the
date hereof and giving effect to (i), (ii) and (iii) above.

 

(b)       The
Option is exercisable, in whole or in part, by Helios’ delivery to MoviePass of an Exercise Notice at any time from the date
of this Agreement until 5:00 p.m. Eastern Time on the thirtieth (30th) day following the delivery by MoviePass to Helios of (i)
its audited financial statements for the years ended December 31, 2016 and 2015 with the corresponding audit report and (ii) its
reviewed unaudited interim financial statements for the periods ended September 30, 2017 and 2016 (the “Exercise Period”).
For the avoidance of doubt, Helios may exercise the Option multiple times up to the Maximum Option Amount.

 

(c)       The
exercise price per Option Share (the “Exercise Price”) shall be equal to the quotient of (x) $210,000,000 divided
by (y) the Currently Outstanding Shares of Common Stock. Notwithstanding the foregoing, to the extent the Option is exercised prior
to the Closing, then MoviePass shall issue Helios a subordinated convertible promissory note (the “Option Note”),
in substantially the same form as the MoviePass Note, pursuant to and in accordance with the Amended Note Purchase Agreement, in
the principal amount equal to the aggregate Exercise Price and, immediately upon the Closing, MoviePass shall issue the Option
Shares to Helios in accordance with Subsection 2(a)(ii) below, and upon such issuance the Option Note shall be deemed satisfied
in full (it being understood that if the Purchase Agreement is terminated prior to the Closing, such Option Note shall remain outstanding
in accordance with its terms); provided, however, that in the event that any of the Currently Outstanding Notes are not converted
into Common Stock at or prior to Closing, but are instead repaid by MoviePass in cash, the number of Currently Outstanding Shares
of Common Stock shall be adjusted to reflect such repayment and, accordingly, the number of Option Shares deliverable to Helios
at Closing pursuant to this Agreement and the Option Note shall be proportionately reduced.

 

(d)       The
Exercise Price shall be payable in cash.

 

2.           Exercise
Procedure.

 

(a)       Procedure.

 

(i)       Helios
may exercise the Option, in whole or in part, at any time during the Exercise Period, by delivering to MoviePass a written notice
duly signed by Helios indicating that Helios is exercising the Option and stating the form of consideration to be paid pursuant
to Subsection 1(d) above (the “Exercise Notice’). The Option shall not be deemed exercised, however,
until full payment in an amount equal to the full purchase price for the Option Shares in accordance with Subsection 1(d)
above has been made. Helios may withdraw the Exercise Notice and elect not to exercise the Option at any time before making full
payment.

 

    2

     

    

 

(ii)       Subject
to Subsection 1(c) above, following receipt by MoviePass of such Exercise Notice and full payment of the Exercise Price,
MoviePass shall issue, as soon as practicable, in certificate form the Option Shares in the name as designated by Helios.

 

(b)       Legend.
The Option Shares and any securities issued in respect of or exchange for the Option Shares, as applicable, may be notated with
the following legend to the extent the Option Shares are not registered with the SEC for resale or available for resale without
restriction under Rule 144 under the Securities Act:

 

“THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN
CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT
RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933.”

 

3.           Rights of
Helios. Helios shall not have any rights to dividends or any other rights of a stockholder with respect to any Option
Shares until such Option Shares shall have been issued to Helios (as evidenced by the appropriate entry on the transfer books
of MoviePass). MoviePass will give written notice to Helios at least fifteen (15) days prior to the date on which MoviePass
closes its books or takes a record (A) with respect to any dividend or distribution upon the Common Stock, (B) with respect
to any grant, issuances, or sales of any securities or rights to purchase stock, warrants, securities or other property to
all (or substantially all) holders of shares of Common Stock or (C) for determining rights to vote with respect to any
merger, reorganization, sale of substantially all assets, dissolution, liquidation, recapitalization, stock split or stock
combination, provided in each case that if the Common Stock is then listed on Nasdaq or NYSE such information shall be made
known to the public prior to or in conjunction with such notice being provided to Helios.

 

4.           Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given upon the earlier of actual receipt, or (a) personal delivery to the party to be notified, (b) when sent and affirmatively
confirmed as received, if sent by electronic mail or facsimile during normal business hours of the recipient, and if not sent
during normal business hours, then on the recipient’s next business day, (c) five (5) days after having been sent by registered
or certified mail, return receipt requested, postage prepaid, or (d) one (1) business day after deposit with a nationally recognized
overnight courier, freight prepaid, specifying next business day delivery, with written verification of receipt. All communications
shall be sent to the respective parties at their address as set forth on the signature page, or to such e-mail address, facsimile
number or address as subsequently modified by written notice given in accordance with this Section 4. If notice is given to MoviePass,
a copy shall also be sent to Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY 10105, attention: Barry
I. Grossman, Esq., telephone: (212) 370-1300, e-mail: bigrossman@egsllp.com and if notice is given to Helios, a copy shall also
be given to Mitchell Silberberg & Knupp LLP, 11377 W. Olympic Blvd., Los Angeles, CA 90064, attention: Kevin Friedmann, Esq.,
telephone: (310) 312-3106, e-mail: kxf@msk.com.

 

    3

     

    

 

5.           Binding;
Assignment. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors
and assigns of the parties.

 

6.           Dispute
Resolution. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York
and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit,
action or other proceeding arising out of or based upon this Agreement, (ii) agree not to commence any suit, action or other proceeding
arising out of or based upon this Agreement except in the state courts of New York or the United States District Court for the
Southern District of New York, and (iii) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise,
in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient
forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not
be enforced in or by such court.

 

7.           WAIVER
OF JURY TRIAL. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF THIS AGREEMENT, THE SECURITIES OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING
OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT
LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY
CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS.
EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND
THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

8.           Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the matters herein,
and cannot be amended, modified or terminated except by an agreement in writing executed by the parties hereto.

 

9.           Governing
Law. This Agreement shall be governed by the internal law of the State of New York without giving effect to the conflicts
of laws principles thereof.

 

[Signature page to follow]

 

    4

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Investment Option Agreement as of the date first set forth above.

 

	 	MOVIEPASS INC.:
	 	 	 	 
	 	By:	/s/ Mitch Lowe
	 	 	Name:	Mitch Lowe
	 	 	Title:	Chief Executive Officer

 

	 	Address:	175 Varick Street
	 	 	Suite 604
	 	 	New York, New York 10012

 

[MoviePass Signature page to Investment
Option Agreement]

 

    5

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Investment Option Agreement as of the date first set forth above.

 

	 	HELIOS AND MATHESON ANALYTICS INC.:
	 	 	 	 
	 	By:	/s/ Theodore Farnsworth
	 	 	Name:	Theodore Farnsworth
	 	 	Title:	Chief Executive Officer

 

	 	Address:	Empire State Building
	 	 	350 5th Avenue
	 	 	New York, New York 10018

 

[Helios Signature page to Investment
Option Agreement]

 

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00275-of-00352.parquet"}]]