Document:

PATENT LICENSE AGREEMENT

 

This Patent License Agreement ("Agreement") is made effective
on the 29th day of August 2022 (hereinafter the “Commencement Date”) by and between Sparx Holdings Group, Inc.
fka Prime Time Holdings, Inc., a Nevada corporation ("Licensee"), Cassandra DeNunzio, a Rhode Island resident (“Inventor”),
and Sparx Technologies, LLC, a Wyoming limited liability company (“Licensor”); (collectively, the “Parties”).

 

WITNESSETH:

 

WHEREAS, Inventor through sole ownership of Licensor is the indirect owner
of all rights, title, and interest in United States Provisional Patent Application No. 63/304,302 ("Licensed Patent");

 

WHEREAS, Licensee wishes to exclusively license the Licensed Patent to
manufacture, market, and sell products and other inventions relating to the fire protection industry including a commercially available
battery-operated wireless electronic fire sprinkler network in the U.S. covered by the Licensed Patent;

 

WHEREAS, Licensor desires to license Licensed Patent to the Licensee on
an exclusive basis in the United States;

 

WHEREAS, Licensor has the right to grant an exclusive license for use within
the United States to Licensee under the Licensed Patent and is willing to do so on the terms and conditions recited in this Agreement;
and

 

NOW, THEREFORE, in consideration of the foregoing and of the mutual terms
and covenants hereinafter expressed, the Parties do mutually agree as follows:

 

 

1.  Definitions

 

In this Agreement, except where the context otherwise requires, the
following words and expressions shall have the following meanings:

 

1.1 “Licensed Patents”
shall mean the Patent Rights and interests in or other intellectual property rights of any kind resulting from, or involving, United States
Provisional Patent Application Serial No. 63/304,302 filed by Licensor on January 28, 2022 and any subsequent patents or patent applications
filed in the United States which claim priority directly or indirectly to such patent application including all non-provisional, divisional,
continuation, continuation-in-part, renewal or substitute applications.

 

1.2 “Licensed Know-How”
shall mean any Know-How owned by the Licensor that (i) is necessary for practicing inventions claimed in patents and/or patent applications
defined in “Licensed Patents”, (ii) directly relates to the testing, certification, manufacturing, or commercialization of
the inventions claimed in patents and/or patent applications defined in “Licensed Patents”, or (iii) directly includes technical
information, processes, procedures, compositions, devices, methods, formulas, protocols, techniques, designs, drawings, or data created
by the Inventor as it relates to practicing inventions claimed in patents and/or patent applications defined in “Licensed Patents”.

 

1.3 “Licensed Technology”
shall mean any and all technology disclosed in and/or subject of Licensed Patents and/or the Licensed Know-How.

 

1.4 “Licensed Product”
shall mean any product which is based on, relates to, incorporates, uses or is covered by the Licensed Technology.

 

1.5 “Patent Rights” shall mean those very rights subject of
the definition of “Licensed Patents” above and which are owned by Licensor or are subject to various applications applied,
by Inventor or Licensor, in her or its name, with the U.S. Patent and Trademark Office or any state corollary intellectual property authority.

 

1.6 “Territory” as used in this Agreement shall mean the
United States.

 

1.7 “Net Sales” shall mean the gross dollar amount collected
by Licensee from its customers, whether such customer is a distributor, wholesaler, retailer, end-user, or any other third party, for
Licensed Products sold, leased, or otherwise commercially transferred by Licensee, less: 1) any discounts or rebates actually applied;
2) any tax or governmental charge included in such gross dollar amount, which is imposed directly on, or measured by, the sale, lease
or transfer, transportation, delivery or use of the Licensed Product, other than any taxes or charges on the seller’s net income,
unless it is actually reimbursed; 3) actual allowances for returned Licensed Products.

 

1.8 “Confidential Information” shall mean all proprietary
materials including the Licensed Know-How or other information (whether or not patentable) regarding a Party’s technology, products,
business information or objectives, including technical information, processes, procedures, compositions, devices, methods, formulas,
protocols, techniques, designs, drawings, or data created by the Inventor, manufacturing and marketing information that is identified
as proprietary or confidential by the disclosing Party, or information disclosed by a Party that is not generally known to the public
or, by its nature, would be reasonably understood to be the type of materials or information that should be treated as proprietary or
confidential.

 

2.  Grant of Rights

 

2.1 Licensor grants to Licensee a royalty bearing exclusive right
and license to the Patent Rights in the United States. In this regard, the word “license” as used herein means the unfettered
right or other ability to exploit, in any lawful way, the commercial viability of the Licensed Technology.

 

2.2 Licensor grants to Licensee a royalty bearing exclusive right
and license to use and make derivative works of the Licensed Know-How to make, have made, use, have used, offer for sale, sell, import,
export, and otherwise dispose of, develop, commercialize, and exploit, in any lawful way, the commercial viability of the Licensed Technology
in the Territory.

 

2.3 Licensee shall not grant or purport to grant to any person any
sublicense or subcontract of its rights or obligations under this Agreement without the express written consent of Licensor.  

 

2.4 Licensee hereby agrees not to challenge the validity of any issued
patent under the Patent Rights or cause a third party to challenge the validity of any such patent.  

 

2.5 In no event shall this Agreement be construed to be an assignment
of any actual ownership interest in or to the Patent Rights or Know-How other than what is necessary or consistent with the licensing
thereof and Licensee’s license rights hereunder.

 

3. Ownership and No Assignment of Works

3.1 Licensee agrees that all right, title and interest in any
and all ideas, Know-How, representations, textual material, illustrations, original works of authorship, developments, reduction to practice,
improvements, inventions, concepts, discoveries, designs, trademarks, trade secrets, and other items developed and/or conceived by Inventor
solely or jointly with another prior to, or during the course or as a result of this License Agreement, and which are related to the business
or activities of Licensee (collectively "Works"), will be the sole and exclusive property of Licensor. Licensee understands
and agrees that the decision whether or not to commercialize or market any Works developed by Inventor solely or jointly with others is
within Inventor’s sole discretion and for Inventor’s sole benefit, and that no royalty will be due to Licensee as a result.

4. Consideration

4.1 In partial consideration for the exclusive license granted by
Licensor, Licensee shall pay to Sparx Holdings, LLC, a Wyoming Limited Liability company solely owned by Inventor a non-refundable license
fee upon execution of this Agreement in the amount of One Hundred Million shares (100,000,000) of common stock of Licensee (the “Initial
License Fee”). The Initial License Fee described in this Section is consideration for the grant and continuation of the license
hereunder, and Licensor shall have no obligation to return any portion of the Initial License Fee.

 

5.  Royalties

 

5.1 Licensee shall pay Licensor a royalty of fifty percent (50%) of
Licensee’s Net Sales of all Licensed Products sold by or for Licensee in the Territory.

 

5.2 The royalty on Net Sales shall accrue on the date when Licensee
receives payment for sales of its Licensed Product(s) and shall be payable to Licensor no less than quarterly, within thirty (30) days
following the end of each calendar quarter in which a royalty payment accrues covered by a statement specifying the gross sales and Net
Sales including an accounting of deductions in the calculation of Net Sales in accordance with GAAP.

 

5.3 All royalties, if any, shall be paid to Licensor in U.S. dollars.

 

5.4 Licensee shall keep accurate and complete records in sufficient
detail to enable royalties payable to Licensor hereunder to be verified.  Licensee shall permit such records to be inspected at the
sole option of Licensor semi-annually upon written notice by Licensor for the purpose of verifying the amount of royalties payable hereunder
to Licensor. Such inspection shall be made during reasonable business hours and shall be performed by an independent auditor or accountant
selected and appointed by Licensor.  

 

6. Indemnification

 

6.1 Licensee Indemnification.  Licensee shall at all times during
the term of this Agreement and thereafter indemnify, defend, and hold Licensor, its directors, officers, employees, agents, and affiliates
harmless against all claims, proceedings, demands, and liabilities of any kind whatsoever, including legal expenses and reasonable attorneys'
fees, arising out of the death of or injury to any person or out of any damage to property, or resulting from the production, manufacture,
sale, use, lease, or advertisement of Licensed Products or arising from any obligation of Licensee under this Agreement. 

 

7.  Duration of Agreement

 

7.1 Unless terminated sooner in accordance with the provisions of
this Agreement, the term of this license is five years and shall expire when the last of the royalty obligations set forth has expired.

 

8.  Warranty

 

8.1 Licensee agrees to and assumes all liability associated with any
product generated by the processes covered by the Patent Rights and/or Licensed Know-How. Licensor offers no warranty, express or implied,
regarding the suitability or viability of any products produced under the Patent Rights and/or Licensed Know-How.

 

8.2 Licensor offers no warranty, express or implied, regarding the
patentability of the technology covered under the Patents Rights and/or Licensed Know-How.

 

8.3 Licensor offers no warranty regarding the non-infringement of
any product covered by or developed under the Patent Rights and/or Licensed Know-How.

 

9.  Patent Prosecution and Maintenance; Improvements

9.1 Discretionary Duty to Prosecute and Maintain:  Licensor shall
have the first right and discretion to bring any action to enforce any patent falling under the Patent Rights and shall further have the
first right and discretion to defend any declaratory judgment or other action in which a cause of action is asserted challenging the validity,
enforceability, use, and/or claim construction of any patent(s) or patent application(s) constituting the Patent Rights.  

 

9.2 Abandonment of Prosecution:  Licensor shall notify
Licensee in the event Licensor decides at any time to abandon or discontinue prosecution of any patent application covered under the Patent
Rights.  Such notification will be given as early as possible which in no event will be less than thirty (30) days prior to the date
on which said application(s) will become abandoned.  

9.3 Maintenance:  Licensor shall pay all official maintenance
fees required to keep in force any patent which may issue included in the Patent Rights.  

9.4 Improvements: If the Licensee shall at any time during the term
of this Agreement devise any improvement in relation to the technology covered by the Patent Rights, Licensee shall promptly notify the
Licensor in writing giving details of the improvement.  Further, Licensee shall cooperate with Licensor in providing any information
or explanations as the Licensor may reasonably require in order to be able to effectively assess, utilize, and protect the intellectual
property rights of the same, including cooperation in filing, prosecuting, and assigning any patent application arising out of such an
improvement.  Any such improvement and the intellectual property rights associated with such improvement shall be owned by Licensor,
but Licensee shall be granted an exclusive royalty-free license to utilize such improvement(s) in accordance with the terms of this Agreement.

 

10. Confidentiality

 

10.1 Parties shall hold each other's Confidential Information in confidence
and shall not disclose Confidential Information to any third party without each other's prior written consent. The Parties acknowledge
and agree that a breach of this section would cause irreparable harm and that either Party shall be entitled to seek equitable relief
from such breach without the obligation of posting a bond or proving actual damages.

 

11. Termination

 

11.1 This Agreement may be terminated at any time by Licensor, for
any reason, with or without cause, and without any payment or liability to Licensee with immediate effect by notice given in writing to
the Licensee via email or certified mail at the sole option of Licensor to terminate the Agreement. In the event of bankruptcy proceedings
by or against Licensee, the Agreement will automatically terminate without any action of any party.  

 

11.2 This Agreement may be terminated with immediate effect by notice
given in writing via email or by certified mail at the option of Licensee if the Licensor commits a breach of its obligations and/or any
provision of the Agreement and fails or refuses to remedy such breach or default within sixty (60) days after being requested, by certified
mail, to remedy such breach.  

 

11.3 The termination of this Agreement, however arising, shall be
without prejudice to any other express obligations in this Agreement of a continuing nature and to any rights of either party which may
have accrued at or up to the date of termination.

 

11.4 All rights and licenses defined in the Grant of Rights section
of this Agreement shall terminate immediately upon termination of this Agreement.

 

11.5 Licensee shall cease making, having made, distributing, having
distributed, using, selling, offering to sell, leasing, loaning and importing any Licensed Products by the effective date of termination.

 

11.6 Licensee shall tender payment of all accrued royalties and other
payments to Licensor as of the effective date of termination within sixty (60) days thereafter.

 

11.7 The provisions of section 1, 6, 8, 10 and 13.5 shall survive
the termination or expiration of this Agreement and shall remain in full force and effect.

 

12. Assignment 

 

12.1 Licensor may assign or transfer this Agreement without the express
written consent of Licensee.

 

12.2 Licensee may not assign or transfer this Agreement without the
express written consent of Licensor.

 

13. General

 

13.1 This Agreement sets forth the entire Agreement and understanding
between the parties and supersedes all previous agreements and understandings, whether oral or written, between the parties with respect
to the subject matter of this Agreement.

 

13.2 No variation of this Agreement shall be effective unless it is
in writing signed by Licensor and a duly authorized officer of Licensee.

 

13.3 Nothing in this Agreement shall be deemed to constitute a partnership
between the Parties nor shall either Party be taken to have any authority to bind or commit the other or be taken to have authority to
act as the agent of the other or in any other capacity other than as expressly authorized in this Agreement.

 

13.4 The Parties agree that if any part, term, or provision of this
Agreement shall be found illegal or in conflict with any valid controlling law, the validity of the remaining provisions shall not be
affected thereby.

 

13.5 This Agreement shall be interpreted construed and enforced in
accordance with the internal laws of the State of Wyoming, without reference to its conflicts of law principles. 

 

 

IN WITNESS WHEREOF, the parties, by their duly authorized representative,
have caused this Agreement to be executed on the 29th day of August 2022.

 

	
    INVENTOR/LICENSOR:

     

     

     

    /s/ Cassandra L. DeNunzio

    Cassandra L. DeNunzio, Individually

     
	 
	 	 
	
    LICENSOR:

     

    Sparx Technologies, LLC  

     

    /s/ Cassandra L. DeNunzio

    By: Cassandra L. DeNunzio,

    Managing Member

     
	
    LICENSEE:

     

    Sparx Holdings Group, Inc. 

     

    /s/ Cassandra L. DeNunzio

    Cassandra L. DeNunzio,

    Chief Executive OfficerExhibit 10.13

 

CONFIDENTIAL

 

ACTING-IN-CONCERT AGREEMENT

 

This acting-in-concert agreement (the “Agreement”)
is executed by the following two parties on March 22, 2021:

 

		(1)	Mr. Yiran Xu, a citizen and resident
                                            of the PRC (identity card no. 110102197206032311) (“Mr. Xu”);

 

		(2)	Lucky Cookie Holdings Limited, a company
                                            incorporated under the law of British Virgin (“Lucky Cookie”, collectively
                                            with Mr. Xu, “Parties A”)

 

		(3)	Mr. Yanzhi Wang, a citizen and resident
                                            of the PRC (identity card no. 110103198405040358) (“Mr. Wang”); and

 

		(4)	Avatar Group Holdings Limited, a company
incorporated under the law of British Virgin Islands (“Avatar”, collectively with Mr. Wang, “Parties B”).

 

Mr. Xu, Mr. Wang, Lucky Cookie, and
Avatar are hereinafter collectively referred to as the “Parties”, and individually referred to as the “Party”
as the context may require

 

WHEREAS:

 

		(1)	Lucky Cookie and Avatar are the record owners
                                            of equity interest of MultiMetaVerse Inc. (“MMV”), a company incorporated
                                            under the law of Cayman Islands. Lucky Cookie is under the control of Mr. Xu and Avatar
                                            is under the control of Mr. Wang;

 

		(2)	MMV plans to go public through either an
                                            initial public offering or a business combination with a publicly listed entity (each a “Going
                                            Public Transaction”). Upon completion of the Going Public Transaction, both Parties
                                            A and Parties B will directly or indirectly hold equity interest in a publicly listed entity,
                                            which could be MMV, its successor or certain other publicly listed entity (the “Public
                                            Entity”);

 

		(3)	The Parties to this Agreement agree to act in concert in accordance with the arrangement of this Agreement.

 

    1

     

    

 

CONFIDENTIAL

 

NOW, THEREFORE, THE PARTIES HEREBY AGREE AS FOLLOWS:

 

		1.	Parties B undertake, that,
                                            with regard to any matter in relation to the Public Entity or any of the Public Entity’s
                                            subsidiaries, branches, affiliates and other entities directly or indirectly controlled by
                                            the Public Entity (collectively with the Public Entity, the “Group Companies”
                                            and each a “Group Company”), that is submitted to vote by the shareholders
                                            of any Group Company or requires any action to be taken by the shareholders of any Group
                                            Company (“Action-in-Concert Matters”), Parties B shall (i) consult
                                            and/or discuss with Parties A with regard to such Action-in-Concert Matter in advance; and
                                            (ii) take any action, including but not limited to vote, or cause to be voted, all of
                                            the shares of any Group Company held by them or their holding vehicles, or over which they
                                            have voting power or control, in accordance with the instructions of Parties A, both expressed
                                            and implied, with regard to such Action-in-Concert Matters, including but not limited to:

 

		a.	appointment and removal of directors of any Group Company;

 

		b.	approving or adjusting business plan or investment plan of any Group Company;

 

		c.	approval or amendment of the annual budget and final accounts of any Group Company;

 

		d.	any amendment to the Memorandum and Articles or the charter documents of any Group Company;

 

		e.	any increase, decrease, cancellation, redemption, repurchase, consolidation, subdivision or other alteration of any authorized share
capital, issued shares or registered capital of any Group Company or any issuance, allotment, purchase or redemption of any securities
or instruments that are convertible into securities;

 

		f.	any merger, division, sale event, reorganization, bankruptcy, liquidation, dissolution or change of corporate
form of any Group Company;

 

		g.	other material matters in relation to the operation or management of any Group Company.

 

		2.	Parties B undertake, that, if Parties B are
                                            entitled to nominate any director of any Group Company, Parties B shall, with regard to any
                                            matter in relation to any Group Company that is submitted to vote by the directors of any
                                            Group Company or requires any action to be taken by the directors of any Group Company (“Director
                                            Action-in-Concert Matters”), Parties B shall (i) consult and/or discuss with
                                            Parties A with regard to such Director Action-in-Concert Matters in advance; and (ii) procure
                                            any incumbent director of any Group Company nominated by Parties B or whom they have control
                                            over to take any action, including but not limited to vote for or against such Director Action-in-Concert
                                            Matter, in accordance with the instructions of Parties A, both expressed and implied.

 

		3.	The Parties hereby agree to take any and all such further actions, including but not limited to execute
any additional documents (such as power of attorney), to give effect to the action-in-concert arrangement set forth above, to the extent
required by applicable law and regulations.

 

    2

     

    

 

CONFIDENTIAL

 

		4.	Except otherwise specified herein, this Agreement shall not affect other rights and obligations of any
Party as a shareholder of any Group Company, including but not limited to the right of information and inspection, and the right to receive
dividend and distribution.

 

		5.	This Agreement shall be effective on and from the date when the Going Public Transaction is completed.

 

		6.	This Agreement shall be governed by the laws of British Virgin Islands without giving effect to the conflicts
of law principles thereof.

 

		7.	In the event the parties are unable to settle
                                            a dispute between them regarding this Agreement, such dispute shall be referred to and finally
                                            settled by arbitration at Hong Kong International Arbitration Centre (“HKIAC”)
                                            in accordance with the Administered Arbitration Rules of HKIAC then in effect. The arbitration
                                            tribunal shall consist of three arbitrators to be appointed by Hong Kong International Arbitration
                                            Centre. The language of the arbitration shall be Chinese.

 

		8.	If any provision of this Agreement is found to be invalid or unenforceable, then such provision shall
be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions
contemplated hereby on substantially the same terms as originally set forth herein, and if no feasible interpretation would save such
provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision
is essential to the rights or benefits intended by the Parties. In such event, the Parties shall use best efforts to negotiate, in good
faith, a substitute, valid and enforceable provision or agreement which most nearly effects the Parties’ intent in entering into this
Agreement.

 

		9.	The provisions of this Agreement shall inure to the benefit of, and shall be binding upon, the successors
and permitted assigns of the parties hereto, but shall not otherwise be for the benefit of any third party.

 

		10.	Each Party hereto shall keep in confidence, and shall not use (except for the purposes of the transactions
contemplated hereby) or disclose, any non-public information disclosed to it or its affiliates, representatives or agents in connection
with this Agreement or the transactions contemplated hereby, except for disclosure required by applicable law or regulation. Each Party
hereto shall ensure that its affiliates, representatives and agents keep in confidence, and do not use (except for the purposes of the
transactions contemplated hereby) or disclose, any such non-public information, except for disclosure required by applicable law or regulation.

 

		11.	An amendment of this Agreement is valid only if it is agreed in writing and signed by or on behalf of
each Party to this Agreement.

 

		12.	This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

    3

     

    

 

CONFIDENTIAL

 

This Agreement has been entered into on the date stated at the beginning.

 

	PARTIES A	 	PARTIES B
	 	 	 
	YIRAN XU	 	YANZHI WANG
	 	 	 
	/s/ Yiran Xu	 	/s/ Yanzhi Wang
	 	 	 
	 	 	 
	LUCKY COOKIE HOLDINGS LIMITED	 	AVATAR GROUP HOLDINGS LIMITED
	 	 	 
	By:	/s/ Yiran Xu	 	By:	/s/ Yanzhi Wang
	 	 	 
	Name:	 	Name:
	 	 	 
	Title:	 	Title:

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