Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 AMENDMENT
NO. 2 
 Dated as of September 28, 2020 

to 
 FOURTH AMENDED AND RESTATED
CREDIT AGREEMENT 
 Dated as of June 14, 2019 

THIS AMENDMENT NO. 2 (this “Amendment”) is made as of September 28, 2020 by and among Chart Industries, Inc., a Delaware
corporation (the “Company”), Chart Industries Luxembourg S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated under the laws of Luxembourg,
having its registered office at 2, rue des Dahlias, L-1411 Luxembourg and registered with the Luxembourg Trade and Companies Register under number B 148.907 (“Chart Luxembourg”), Chart Asia
Investment Company Limited, a private limited company incorporated under the laws of Hong Kong with company number 1174361 and having its registered office address at 36/F., Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong
(“Chart Hong Kong” and, together with the Company and Chart Luxembourg, the “Borrowers”), the financial institutions listed on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (the
“Administrative Agent”), under that certain Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 by and among the Borrowers, the Lenders and the Administrative Agent (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. 

WHEREAS, the Company has requested that the requisite Lenders and the Administrative Agent agree to a certain amendments to the Credit
Agreement; 
 WHEREAS, the Borrowers, the Lenders party hereto and the Administrative Agent have agreed to amend the Credit Agreement on the
terms and conditions set forth herein; 
 NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment. 

1.    Amendments to the Credit Agreement. Effective as of the date of satisfaction of the conditions precedent set
forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby amended as follows: 

(a)    Section 1.01 of the Credit Agreement is hereby amended to add the following definitions thereto in the
appropriate alphabetical order: 
 ““Ancillary Documents” shall have the meaning assigned to such term
in Section 9.13.” 
 ““CryoBio Divestiture” shall mean the disposition
pursuant to which the Company (and/or one or more of its Subsidiaries) will divest its cryobiological products business to Cryoport, Inc., all as more specifically described in the Company’s Current Report on Form
8-K dated August 24, 2020 and filed with the SEC on August 25, 2020.” 

 ““Lender-Related Person” shall mean the Administrative
Agent, any Arranger, any Co-Syndication Agent, any Co-Documentation Agent, the Issuing Bank and any Lender, and any Related Party of any of the foregoing Persons.”

 ““Liabilities” shall mean any losses, claims (including intraparty claims), demands, damages or
liabilities of any kind.” 
 (b)    The definition of “Alternate Base Rate” appearing in
Section 1.01 of the Credit Agreement is hereby amended to replace each reference to “2.00%” therein and replace each such reference with a reference to “1.50%”. 

(c)    The definition of “Interpolated Rate” appearing in Section 1.01 of the Credit
Agreement is hereby amended to replace each reference to “1.00%” therein and replace each such reference with a reference to “0.50%”. 

(d)    The definition of “LIBO Screen Rate” appearing in Section 1.01 of the Credit
Agreement is hereby amended to replace each reference to “1.00%” therein and replace each such reference with a reference to “0.50%”. 

(e)    The definition of “Net Cash Proceeds” appearing in Section 1.01 of the Credit
Agreement is hereby amended to replace the reference to “out-of-pocket expenses paid” therein and replace such reference with a reference to “out-of-pocket expenses paid (or reasonably estimated to be payable)”. 

(f)    The definition of “Prepayment Event” appearing in Section 1.01 of the Credit
Agreement is hereby amended to restate clause (a) thereof in its entirety as follows: 

“(a)    (i) any sale, transfer or other disposition (including pursuant to a Sale and Leaseback
Transaction) of any property or asset of the Company or any Subsidiary pursuant to Section 6.05(h) resulting in Net Cash Proceeds equal to or greater than $15,000,000 or (ii) any sale, transfer or other
disposition (including pursuant to a Sale and Leaseback Transaction) of any property or asset of the Company or any Subsidiary pursuant to Section 6.05(p); or” 

(g)    Section 2.11(c) of the Credit Agreement is hereby restated in its entirety as follows: 

“(c)    In the event and on each occasion that any Net Cash Proceeds are received by or on behalf of
the Company or any of its Subsidiaries in respect of any Prepayment Event, the Company shall, within five (5) Business Days after such Net Cash Proceeds are received (or, solely in the case of Net Cash Proceeds received in respect of an event
described in clause (a)(ii) of the definition of the term “Prepayment Event” (i) by the Company or any Domestic Subsidiary, within ten (10) Business Days or (ii) by any Foreign Subsidiary, within twenty (20) Business Days
(or, to the extent approved by the Administrative Agent in its discretion, thirty (30) Business Days)), prepay the Term Loans (and/or, solely in the case of Net Cash Proceeds received in respect of an event described in clause (a)(ii) of the
definition of the term “Prepayment Event”, prepay the Revolving Facility Loans) as set forth in Section 2.11(d) below in an aggregate amount equal to 100% of such Net Cash Proceeds; provided
that, in the case of any event described in clause (a)(i) or (b) of the definition of the term “Prepayment Event”, if the Company shall deliver 

  
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to the Administrative Agent a certificate of an Authorized Officer to the effect that the Company or its relevant Subsidiaries intend to apply the Net Cash Proceeds from such event (or a portion
thereof specified in such certificate), within 365 days after receipt of such Net Cash Proceeds, to reinvest in assets used or useful in the business (excluding inventory) of the Company and/or its Subsidiaries, and certifying that no Event of
Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of the Net Cash Proceeds specified in such certificate; provided further that to the extent of any such Net Cash
Proceeds therefrom that have not been so applied by the end of such 365-day period (or within a period of 180 days thereafter if by the end of such initial 365 day period the Company or one or more
Subsidiaries shall have entered into an agreement with an unaffiliated third party to acquire such assets with such Net Cash Proceeds), at which time a prepayment shall be required in an amount equal to such Net Cash Proceeds that have not been so
applied.” 
 (h)    Section 2.11(d) of the Credit Agreement is hereby restated in its entirety as follows:

 “(d)    (i) All mandatory prepayment amounts pursuant to
Section 2.11(c) (other than any prepayment in respect of any event described in clause (a)(ii) of the definition of the term “Prepayment Event”) shall be applied to prepay the Term Loans as follows:
(A) first, to the scheduled payments of the Term Loans due on the next eight (8) Term Loan Installment Dates occurring after receipt of such Net Cash Proceeds, in direct order of maturity and (B) second, pro rata, to the remaining
scheduled payments of the Term Loans (excluding the payment due on the Maturity Date). (ii) All mandatory prepayment amounts pursuant to Section 2.11(c) in connection with any prepayment in respect of any event described in clause (a)(ii) of
the definition of the term “Prepayment Event” shall be applied (A) to prepay outstanding Revolving Facility Loans (without permanent reduction of the Revolving Facility Commitment) and/or (B) to prepay the Term Loans as
follows: (I) first, to the scheduled payments of the Term Loans due on the next eight (8) Term Loan Installment Dates occurring after receipt of such Net Cash Proceeds, in direct order of maturity and (II) second, pro rata, to the
remaining scheduled payments of the Term Loans (excluding the payment due on the Maturity Date). It is understood and agreed that any prepayment in respect of any event described in clause (a)(ii) of the definition of the term “Prepayment
Event” will not be subject to any break funding payments required by Section 2.16.” 

(i)    Section 2.14 of the Credit Agreement is hereby amended to replace each reference to “1.00%”
therein and replace each such reference with a reference to “0.50%”. 
 (j)    Section 6.05(c) of the
Credit Agreement is hereby amended to replace the reference to “in any fiscal year of the Company, the greater of (x) U.S.$65.0 million and (y) 5% of Consolidated Tangible Assets” therein and replace such reference with a
reference to “from and after the Effective Date, the greater of (x) U.S.$250.0 million and (y) 25% of Consolidated Tangible Assets”. 

(k)    Section 6.05(h) of the Credit Agreement is hereby amended to replace the reference to “in any fiscal
year of the Company, the greater of (x) U.S.$65.0 million and (y) 5% of Consolidated Tangible Assets” therein and replace such reference with a reference to “from and after the Effective Date, the greater of
(x) U.S.$250.0 million and (y) 25% of Consolidated Tangible Assets”. 
 (l)    Section 6.05 of the
Credit Agreement is hereby further amended to (i) delete the “and” at the end of clause (n) thereof, (ii) replace the period at the end of clause (o) thereof with “; and” and (iii) insert a new clause
(p) therein immediately following clause (o) thereof as follows: 

  
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 “(p)    the CryoBio Divestiture.” 

(m)    Section 9.13 of the Credit Agreement is hereby restated in its entirety as follows: 

“SECTION 9.13. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall
constitute an original but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 9.03. Delivery of an executed counterpart of a signature page of
(x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 9.01), certificate,
request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted
by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary
Document, as applicable. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be
deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf, or any other electronic means that reproduces an image of an actual executed signature page), each
of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided that nothing herein shall require the
Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Administrative
Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of the Company or any other Loan Party without further
verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a
manually executed counterpart. Without limiting the generality of the foregoing, the Company and each other Loan Party hereby (i) agrees that, for all purposes, including without limitation, in connection with any workout, restructuring,
enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders, the Company and the other Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf, or any other electronic means that
reproduces an image of an actual executed signature page and/or any electronic images of this Agreement, any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original,
(ii) agrees that the Administrative Agent and each of the Lenders may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format,
which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect,
validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of
paper original copies of this 

  
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Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related
Person for any Liabilities arising solely from the Administrative Agent’s and/or any Lender’s reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf, or any other electronic means that reproduces an image
of an actual executed signature page, including any Liabilities arising as a result of the failure of the Company and/or any other Loan Party to use any available security measures in connection with the execution, delivery or transmission of any
Electronic Signature.” 
 2.    Conditions of Effectiveness. The effectiveness of this Amendment (the
“Amendment Effective Date”) is subject to the following conditions precedent: 
 (a)    The
Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrowers, each of the Lenders and the Administrative Agent. 

(b)    The Administrative Agent shall have received counterparts of the Consent and Reaffirmation attached as Exhibit
A hereto duly executed by the Subsidiary Loan Parties. 
 (c)    The Administrative Agent shall have received
payment and/or reimbursement of the Administrative Agent’s and its affiliates’ reasonable and documented fees and expenses (including, to the extent invoiced, reasonable and documented fees and expenses of counsel for the Administrative
Agent) in connection with this Amendment and the Loan Documents. 
 3.    Representations and Warranties of the
Borrowers. Each Borrower hereby represents and warrants as follows: 
 (a)    This Amendment and the Credit
Agreement as modified hereby constitute legal, valid and binding obligations of such Borrower and are enforceable in accordance with their terms, subject to (i) the effects of bankruptcy, insolvency, examinership, moratorium, reorganization,
fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied
covenants of good faith and fair dealing. 
 (b)    As of the date hereof and after giving effect to the terms of this
Amendment, (i) no Event of Default or Default has occurred and is continuing and (ii) the representations and warranties of such Borrower set forth in Article III of the Credit Agreement, as amended hereby, are true and correct in
all material respects (provided that any representation and warranty that is qualified by materiality or Material Adverse Effect shall be true and correct in all respects), except to the extent such representations and warranties expressly relate to
an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). 

4.    Reference to and Effect on the Credit Agreement. 

(a)    Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan
Document shall mean and be a reference to the Credit Agreement as amended hereby. 
 (b)    Each Loan Document and all
other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 

  
 5 

 (c)    The execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or
delivered in connection therewith. 
 (d)    This Amendment is a Loan Document under (and as defined in) the Credit
Agreement. 
 5.    Governing Law; Jurisdiction. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States District Court for the Southern District of New
York sitting in the Borough of Manhattan (or if such court lacks subject matter jurisdiction, the Supreme Court of the State of New York sitting in the Borough of Manhattan), and any appellate court from any thereof, in any action or proceeding
arising out of or relating to this Amendment or any other Loan Document or the transactions relating hereto or thereto, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees
that all claims in respect of any such action or proceeding may (and any such claims, cross-claims or third party claims brought against the Administrative Agent or any of its Related Parties may only) be heard and determined in such Federal (to the
extent permitted by law) or New York State court. 
 6.    Headings. Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose. 

7.    Counterparts. This Amendment may be executed by one or more of the parties hereto on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or
relating to this Amendment and/or any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures (as defined below), deliveries or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be. As used herein,
“Electronic Signatures” means any electronic symbol or process attached to, or associated with, any contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record. 

[Signature Pages Follow] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective authorized officers as of the day and year first above written. 
  

			
	 CHART INDUSTRIES, INC.,
 as the
Company

		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	CEO and President

  

			
	CHART INDUSTRIES LUXEMBOURG S.À R.L., as a Foreign Borrower
		
	By:	 	/s/ Nicolas Schreurs
	Name:	 	Nicolas Schreurs
	Title:	 	Class A Director (Gérant de catégorie A)

 
			
	
		
	By:	 	 
	Name:	 	Jillian C. Harris
	Title:	 	Class B Director (Gérant de catégorie B)

  

			
	CHART ASIA INVESTMENT COMPANY LIMITED, as a Foreign Borrower
		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Director

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 JPMORGAN CHASE BANK, N.A.,

individually as a Lender, as the Swingline Lender, as the Issuing Bank and as Administrative Agent

		
	By:	 	/s/ Andrew Rossman
	Name:	 	Andrew Rossman
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 BANK OF AMERICA, N.A.,
 as a
Lender

		
	By:	 	/s/ Ryan Maples
	Name:	 	Ryan Maples
	Title:	 	Sr. Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 FIFTH THIRD BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ J. David Izard
	Name:	 	J. David Izard
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 PNC BANK, NATIONAL ASSOCIATION,
 as
a Lender

		
	By:	 	/s/ Brandon K. Fiddler
	Name:	 	Brandon K. Fiddler
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Andrew Gentles
	Name:	 	Andrew Gentles
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 BMO HARRIS BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Joshua Hovermale
	Name:	 	Joshua Hovermale
	Title:	 	Director

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 CITIZENS BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Karmyn Paul
	Name:	 	Karmyn Paul
	Title:	 	Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Shaun R. Kleinman
	Name:	 	Shaun R. Kleinman
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 MUFG UNION BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Spencer Hughes
	Name:	 	Spencer Hughes
	Title:	 	Managing Director

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 CIBC BANK USA,
 as a
Lender

		
	By:	 	/s/ Samir D. Desai
	Name:	 	Samir D. Desai
	Title:	 	Managing Director

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 BBVA USA, an Alabama banking corporation,

as a Lender

		
	By:	 	/s/ Heather Allen
	Name:	 	Heather Allen
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 CAPITAL ONE, N.A.,
 as a
Lender

		
	By:	 	/s/ Paul Isaac
	Name:	 	Paul Isaac
	Title:	 	Duly Authorized Signatory

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 MORGAN STANLEY BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ Christopher Winthrop
	Name:	 	Christopher Winthrop
	Title:	 	Authorized Signatory

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 CREDIT SUISSE AG, Cayman Islands Branch,

as a Lender

		
	By:	 	/s/ Nupur Kumar
	Name:	 	Nupur Kumar
	Title:	 	Authorized Signatory

  

			
	
		
	By:	 	/s/ Vito Cotoia
	Name:	 	Vito Cotoia
	Title:	 	Authorized Signatory

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 FIRST HORIZON BANK (f/k/a CAPITAL BANK),

as a Lender

		
	By:	 	/s/ Terence J. Dolch
	Name:	 	Terence J. Dolch
	Title:	 	Senior Vice President

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	 SYNOVUS BANK,
 as a
Lender

		
	By:	 	/s/ Chandra Cockrell
	Name:	 	Chandra Cockrell
	Title:	 	Corporate Banker

  
 Signature Page to
Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 EXHIBIT A 

Consent and Reaffirmation 

Each of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 2 to the Fourth Amended and Restated Credit
Agreement (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), dated as of November 3, 2017, by and among Chart Industries, Inc., a Delaware corporation (the
“Company”), Chart Industries Luxembourg S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated under the laws of Luxembourg (“Chart
Luxembourg”), Chart Asia Investment Company Limited, a private limited company incorporated under the laws of Hong Kong (“Chart Hong Kong” and, together with the Company and Chart Luxembourg, the
“Borrowers”), the Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”), which Amendment No. 2 is dated as of September 28, 2020 and is by and among the Borrowers, the
financial institutions listed on the signature pages thereof and the Administrative Agent (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in
the Credit Agreement. Without in any way establishing a course of dealing by the Administrative Agent or any Lender, each of the undersigned consents to the Amendment and reaffirms the terms and conditions of the Collateral Agreement and any other
Loan Document executed by it and acknowledges and agrees that the Collateral Agreement and each and every such Loan Document executed by the undersigned in connection with the Credit Agreement remains in full force and effect and is hereby
reaffirmed, ratified and confirmed. All references to the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified by the Amendment and as the
same may from time to time hereafter be amended, modified or restated. 
 Dated September 28, 2020 

[Signature Page Follows] 

 IN WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed and delivered as
of the day and year above written. 
  

			
	 CHART INC., as a Guarantor and Subsidiary Loan Party

(in each capacity)

		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Chairman and President

  

			
	 CHART ENERGY & CHEMICALS, INC.

CHART COOLER SERVICE COMPANY, INC.
 RCHPH HOLDINGS, INC.

PREFONTAINE PROPERTIES, INC.
 SKAFF CRYOGENICS, INC., each as a
Guarantor and Subsidiary Loan Party (in each capacity)

		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Chairman and CEO

  

			
	CHART INTERNATIONAL HOLDINGS, INC., as a Guarantor and Subsidiary Loan Party (in each capacity)
		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Chairman, CEO and President

  

			
	 CHART ASIA, INC.
 HUDSON PRODUCTS
HOLDINGS INC.
 COFIMCO USA, INC.
 HUDSON PRODUCTS MIDDLE EAST
LLC
 HUDSON PARENT CORPORATION
 HUDSON PRODUCTS CORPORATION,
each as a Guarantor and Subsidiary Loan Party (in each capacity)

		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Chairman

  
 Signature Page to Consent
and Reaffirmation to Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc. 

 
			
	CHART INTERNATIONAL, INC., as a Guarantor and Subsidiary Loan Party (in each capacity)
		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	CEO

  

			
	THERMAX, INC., as a Guarantor and Subsidiary Loan Party (in each capacity)
		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	Chairman and Chief Operating Officer

  

			
	 CRYO-LEASE, LLC
 E&C FINFAN,
INC, each as a Guarantor and Subsidiary Loan Party (in each capacity)

		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	President and CEO

  

			
	SKAFF, LLC, as a Guarantor and Subsidiary Loan Party (in each capacity)
		
	By:	 	/s/ Jillian C. Evanko
	Name:	 	Jillian C. Evanko
	Title:	 	President and Chief Operating Officer

  
 Signature Page to Consent
and Reaffirmation to Amendment No. 2 to 
 Fourth Amended and Restated Credit Agreement dated as of June 14, 2019 

Chart Industries, Inc.Monaker Group, Inc. 8-K

 

Exhibit 10.1

 

Convertible
Note

THIS NOTE AND THE SECURITIES ISSUABLE
UPON THE CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT
AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION
THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER THAT SUCH OFFER,
SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.

MONAKER GROUP, INC.

CONVERTIBLE PROMISSORY NOTE

$1,000,000.00 Effective September
30, 2020

FOR VALUE RECEIVED, MONAKER GROUP,
INC., a Nevada corporation (the “Company”) promises to pay to HOTPLAY ENTERPRISE LIMITED, or its
registered assigns (“Investor”), in lawful money of the United States of America the principal sum of ONE MILLION
Dollars ($1,000,000.00), or such lesser amount as shall equal the then outstanding principal amount hereof, together with simple
interest from the date of this Convertible Promissory Note (this “Note”) on the then outstanding principal balance
at a rate equal to ONE PERCENT (1%) per annum, computed on the basis of the actual number of days elapsed and a year of 365 days.
All then outstanding principal, together with any then unpaid and accrued interest and other amounts payable hereunder, shall be
converted or forgiven as set forth herein. This Note may be prepaid in whole or in part, at any time and from time to time, without
premium or penalty.

		1.	Definitions. As used in
this Note, the following capitalized terms have the following meanings:

		(a)	“Charter” shall mean the Company’s articles of incorporation as may be
amended or restated from time to time.

		(b)	“Common Stock” shall mean common stock of the Company.

		(c)	“Conversion Price” shall mean a conversion price equal to $2.00 per share of
Common Stock (as adjusted equitably for any stock splits or stock dividends affecting the Common Stock).

		(d)	“Lien” shall mean, with respect to any property, any security interest, mortgage,
pledge, lien, claim, charge or other encumbrance.

		(e)	“Obligations” shall mean and include all loans, advances, debts, liabilities
and obligations, howsoever arising, owed by the Company to Investor of every kind and description, now existing or hereafter arising
under or pursuant to the terms of this Note, including all interest, fees, charges, expenses, attorneys’ fees and costs and
accountants’ fees and costs chargeable to and payable by the Company 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.

		(f)	“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.

		(g)	“Share Exchange Agreement” shall mean that certain Share Exchange Agreement
entered into by and among the Company, the Investor and various stockholders of the Investor, as may be amended from time to time.

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	1

    	 

    

		2.	Payments.

		(a)	Interest. Accrued interest
on this Note shall be converted or forgiven as set forth herein.

		(b)	Automatic Forgiveness in Certain Circumstances.
In the event the Share Exchange Agreement is terminated pursuant to Section 10.1(a) of the Share Exchange Agreement; by Investor
and Principal Stockholder (as such term is defined in the Share Exchange Agreement), pursuant to Section 10.1(b) of the Share Exchange
Agreement; or by the Company pursuant to Sections 10.1(c), 10.1(e)(solely in the event that the Company terminates the Share Exchange
pursuant to Section 10.1(e) because Investor (x) is not able to obtain audited and interim financial statements in the form required
by the Securities and Exchange Commission, or (y) does not supply all of the information required in order for the Company to file
its initial Proxy Statement, by the date which falls 75 days after the date the Share Exchange Agreement was entered into or in
the event that the Axion Ventures, Inc. share exchange agreement is terminated), 10.1(g), or 10.1(i), then outstanding principal
amount of this Note, plus all accrued and unpaid interest, shall be forgiven in full and the Company shall have no further obligation
to the Investor hereunder.

		3.	Events of Default. The occurrence
of any of the following shall constitute an “Event of Default” under this Note:

		(a)	Failure to Convert. The
Company shall fail to convert when due any principal or interest hereunder into shares of Common Stock of the Company within five
(5) business days after the date required hereunder;

		(b)	Voluntary Bankruptcy or Insolvency
Proceedings. The Company 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) make a general assignment for the benefit of its or any of its
creditors, (iii) be dissolved or liquidated, (iv) 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 (v) take any action for the purpose of effecting any of the foregoing.

		(c)	Involuntary Bankruptcy or Insolvency
Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of the Company, 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 the Company, if any, 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 60 days of commencement.

		4.	Rights of Investor upon Default.
Upon the occurrence of any Event of Default (other than an Event of Default described in Sections 3(b) or 3(c)) and at any
time thereafter during the continuance of such Event of Default, Investor may, by written notice to the Company, declare all outstanding
Obligations payable by the Company 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 of any Event of Default described in Sections 3(b) or 3(c), immediately and without notice, all outstanding Obligations
payable by the Company 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, anything contained herein to the contrary notwithstanding.
In addition to the foregoing remedies, upon the occurrence and during the continuance of any Event of Default, Investor may, with
the written consent of the Investor, exercise any other right, power or remedy granted to it by this Note or otherwise permitted
to it by law, either by suit in equity or by action at law, or both. Additionally, upon the occurrence of any Event of Default,
the outstanding principal balance of this Note shall bear interest (“Default Interest”) while such default exists
at the lesser of: (a) eighteen percent (18%) per annum and (b) the maximum legally permissible rate (the “Default Rate”).

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	2

    	 

    

		5.	Conversion.

		(a)	Automatic Conversion in Certain Circumstances.
If the Share Exchange Agreement is terminated by Investor and/or Principal Stockholder (as applicable) pursuant to Sections 10.1(d),
10.1(e)(provided that in the event Investor and/or Principal Stockholder (as applicable) terminates the Share Exchange Agreement
in the event that the Axion Ventures, Inc. share exchange agreement is terminated, Section 2(b) hereof shall apply), 10.1(f), or
10.1(h) of the Share Exchange Agreement or by the Company pursuant to Sections 10.1(d), or 10.1(e)(except as otherwise provided
in Section 2(b) above, in which case Section 2(b) above shall apply) of the Share Exchange Agreement, then the then outstanding
principal amount of this Note together with all accrued and unpaid interest under this Note shall automatically convert into fully
paid and nonassessable shares of Common Stock at a price per share equal to the Conversion Price. The Company shall cause to be
delivered stock certificates to or as directed by Investor as set forth in this Section 5.

		(b)	Conversion Procedure.

		(i)	Conversion Pursuant to Section 5(a). If this Note is to be automatically converted pursuant
to Section 5(a), written notice shall be delivered to Investor at the address last shown on the records of the Company for
Investor or given by Investor to the Company for the purpose of notice, notifying Investor of the general terms of the conversion
to be effected, specifying the Conversion Price, the principal amount of the Note to be converted, together with all accrued and
unpaid interest and the date on which such conversion is expected to occur and calling upon Investor to surrender to the Company,
in the manner and at the place designated, this Note. The Company shall, as soon as practicable thereafter, issue and deliver to
Investor a certificate or certificates for the number of shares to which Investor shall be entitled upon such conversion, or shall
otherwise issue such shares in book-entry form and provide Investor confirmation thereof.

		(ii)	Fractional Shares; Interest; Effect of Conversion. No fractional shares shall be issued
upon conversion of this Note. In lieu of the Company issuing any fractional shares to Investor upon the conversion of this Note,
the Company shall round up any fractional share of Common Stock which would otherwise be due to the Investor upon conversion hereof.
Upon conversion of this Note in full and the payment of the amounts specified in this paragraph, the Company shall be forever released
from all its Obligations and liabilities under this Note and this Note shall be deemed of no further force or effect, whether or
not the original of this Note has been delivered to the Company for cancellation.

		(c)	Cap on Shares of Common Stock. Notwithstanding anything herein to the contrary, the maximum
number of shares of Common Stock to be issued in connection with the conversion of this Note (and upon conversion or exercise of
any other securities required to be aggregated with the conversion of this Note pursuant to the applicable rules and requirements
of the NASDAQ Capital Market), or otherwise as provided herein, shall not (i) exceed 19.9% of the outstanding shares of Common
Stock on the date of this Note, (ii) exceed 19.9% of the combined voting power of the then outstanding voting securities of the
Company on the date of this Note, in each of subsections (i) and (ii) before the issuance of the Common Stock hereunder in connection
with any conversion, or (iii) otherwise exceed such number of shares of Common Stock that would violate applicable listing rules
of the NASDAQ Capital Market in the event the Company’s stockholders do not approve the issuance of the Common Stock issuable
in connection with a conversion of this Note (and upon conversion or exercise of any other securities required to be aggregated
with the conversion of this Note pursuant to the applicable rules and requirements of the NASDAQ Capital Market), or otherwise
as provided herein.

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	3

    	 

    

		6.	Representations and Warranties of the
Company. The Company represents and warrants to the Investor that:

		(a)	Due Incorporation, Qualification, etc.
The Company (i) is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada; (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 on the Company.

		(b)	Authority. The execution,
delivery and performance by the Company of the Note and the consummation of the transactions contemplated thereby (i) are within
the power of the Company and (ii) have been duly authorized by all necessary actions on the part of the Company.

		(c)	Enforceability. The Note
has been, or will be, duly executed and delivered by the Company and constitutes, or will constitute, a legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency
or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and general
principles of equity.

		(d)	Non-Contravention. The execution
and delivery by the Company of the Note and the performance and consummation of the transactions contemplated hereby do not and
will not (i) violate the Charter or bylaws of the Company, or any material judgment, order, writ, decree, statute, rule or regulation
applicable to the Company; or (ii) result in the creation or imposition of any Lien upon any property, asset or revenue of the
Company or the suspension, revocation, impairment, forfeiture, or nonrenewal of any material permit, license, authorization or
approval applicable to the Company, its business or operations, or any of its assets or properties.

		(e)	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 Notes by the
Company and the performance and consummation of the transactions contemplated thereby, other than such as have been obtained and
remain in full force and effect and other than such qualifications or filings under applicable securities laws as may be required
in connection with the transactions contemplated by this Note.

		7.	Representations and Warranties of Investor.
Investor represents and warrants to the Company upon the acquisition of the Note as follows:

		(a)	Binding Obligation. Investor
has full legal capacity, power and authority to execute and deliver this Note and to perform its obligations hereunder. This Note
constitutes valid and binding obligations of Investor, enforceable in accordance with its terms, except as limited by bankruptcy,
insolvency or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and
general principles of equity.

		(b)	Securities Law Compliance.
Investor has been advised that the Note and the underlying securities have not been registered under the Act and any applicable
state securities laws and, therefore, cannot be resold unless it or they are registered under the Act and applicable state securities
laws or unless an exemption from such registration requirements is available. Investor is aware that the Company is under no obligation
to affect any such registration with respect to the Note or the underlying securities or to file for or comply with any exemption
from registration. Investor has not been formed solely for the purpose of making this investment and is purchasing the Note for
its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution
thereof, and Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. Investor
has such knowledge and experience in financial and business matters that Investor is capable of evaluating the merits and risks
of such investment, is able to incur a complete loss of such investment without impairing Investor’s financial condition
and is able to bear the economic risk of such investment for an indefinite period of time. Investor is an “accredited investor”
as such term is defined in Rule 501 of Regulation D under the Act and shall submit to the Company such further assurances of such
status as may be reasonably requested by the Company. The residency of Investor (or, in the case of a partnership or corporation,
such entity’s principal place of business) is correctly set forth beneath Investor’s name on the signature page hereto.

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	4

    	 

    

		(c)	Access to Information. Investor
acknowledges that the Company has given Investor access to the corporate records and accounts of the Company and to all information
in its possession relating to the Company, has made its officers and representatives available for interview by Investor, and has
furnished Investor with all documents and other information required for Investor to make an informed decision with respect to
the purchase of the Note.

		(d)	Tax Advisors. Investor has
reviewed with its own tax advisors the U.S. federal, state and local and non-U.S. tax consequences of this investment and the transactions
contemplated by this Note. With respect to such matters, Investor relies solely on any such advisors and not on any statements
or representations of the Company or any of its agents, written or oral. Investor understands that it (and not the Company) shall
be responsible for its own tax liability that may arise as a result of this investment and the transactions contemplated by this
Note.

		(e)	Purchase Price. Investor
shall have delivered to the Company the principal sum of One Million Dollars ($1,000,000.00).

		(f)	No “Bad Actor” Disqualification
Events. Neither (i) the Investor, (ii) any of its directors, executive officers, general partners or managing members,
nor (iii) any beneficial owner of any of the Company’s voting equity securities (in accordance with Rule 506(d) of the Act)
held by the Investor if such beneficial owner is deemed to own 20% or more of the Company’s outstanding voting securities
(calculated on the basis of voting power) is subject to any disqualifications described in Rule 506(d)(1)(i) through (viii) of
the Act (“Disqualification Events”), except for Disqualification Events covered by Rule 506(d)(2)(ii) or (iii)
or (d)(3) under the Act and disclosed reasonably in advance of the date hereof in writing in reasonable detail to the Company.

		8.	Miscellaneous.

		(a)	Waivers and Amendments.
Any provision of this Note may be amended, waived or modified only with the written consent of the Company and of the Investor.

		(b)	Governing Law. This Note
and all actions arising out of or in connection herewith or therewith shall be governed by and construed in accordance with the
laws of the State of Florida without regard to the conflicts of law provisions of the State of Florida or of any other state.

		(c)	Survival. The representations,
warranties, covenants and agreements made herein shall survive the execution and delivery of this Note.

		(d)	Jurisdiction and Venue.
Investor and the Company irrevocably consent to the exclusive jurisdiction of, and venue in, the state courts in Broward County
in the State of Florida, in connection with any matter based upon or arising out of this Note or the matters contemplated herein
or therein, and agree that process may be served upon them in any manner authorized by the laws of the State of Florida for such
Persons.

		(e)	Waiver of Jury Trial; Judicial Reference.
Investor hereby agrees and the Company hereby agrees to waive their respective rights to a jury trial of any claim or cause of
action based upon or arising out of this Note.

		(f)	Successors and Assigns.
Subject to the restrictions on transfer set forth herein, the rights and obligations of the Company and Investor under this Note
shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties.

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	5

    	 

    

		(g)	Transfer and Replacement of this Note.
The Company will keep, at its principal executive office, books for the recordation of the Investors and recordation of transfer
of this Note. Prior to presentation of this Note for transfer, the Company shall treat the Person in whose name this Note is recorded
as the owner and holder of this Note for all purposes whatsoever, whether or not this Note shall be overdue, and the Company shall
not be affected by notice to the contrary. Subject to any restrictions on or conditions to transfer set forth in this Note, the
holder of this Note, at its option, may in person or by duly authorized attorney surrender the same for exchange at the Company’s
chief executive office, and promptly thereafter and at the Company’s expense, except as provided below, receive in exchange
therefor this Note in the principal requested by such holder, dated the date to which interest shall have been paid on this Note
or, if no interest shall have yet been so paid, dated the date of this Note and recorded in the name of such Person or Persons
as shall have been designated in writing by such holder or its attorney for the same principal amount as the then unpaid principal
amount of this Note. Upon receipt by the Company of evidence reasonably satisfactory to it of the ownership of and the loss, theft,
destruction or mutilation of this Note and (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory
to it; or (b) in the case of mutilation, upon surrender thereof, the Company, at its expense, will execute and deliver in lieu
thereof a new Note executed in the same manner as this Note, in the same principal amount as the unpaid principal amount of this
Note and dated the date to which interest shall have been paid on this Note or, if no interest shall have yet been so paid, dated
the date of this Note.

		(h)	Transfer of this Note or Securities
Issuable on Conversion Thereof. Subject to the proviso in the following sentence, neither this Note nor the securities
issued upon conversion hereof may be transferred by Investor without the prior written consent of the Company. Investor shall have
no further restrictions on transferability of the underlying securities following the earlier of: (a) consummation of the Share
Exchange Agreement and (b) the date that is six months from the date of this Note, provided that all transfers of this note and/or
any securities underlying this Note shall comply with applicable law.

		(i)	Assignment by the Company.
The rights, interests or obligations of the Company hereunder may not be assigned, by operation of law or otherwise, in whole or
in part, by the Company without the prior written consent of the Investor.

		(j)	Entire Agreement. This Note
constitutes and contains the entire agreement among the Company and Investor and supersedes any and all prior agreements, negotiations,
correspondence, understandings and communications among the parties, whether written or oral, respecting the subject matter hereof.

		(k)	Notices. All notices, requests,
demands, consents, instructions or other communications required or permitted hereunder shall be in writing and faxed, mailed,
emailed or delivered to each party as follows: (i) if to Investor, at Investor’s address, facsimile number or electronic
mail address set forth beneath Investor’s name on the signature page hereto, or at such other address, facsimile number or
electronic mail address as Investor shall have furnished the Company in writing, or (ii) if to the Company, at the Company’s
address, facsimile number or electronic mail address set forth beneath the Company’s name on the signature page hereto, or
at such other address, facsimile number or electronic mail address as the Company shall have furnished to Investor in writing.
All such notices and communications will be deemed effectively given the earlier of (i) when received, (ii) when delivered personally,
(iii) one business day after being deposited with an overnight courier service of recognized standing, (iv) four days after being
deposited in the U.S. mail, first class with postage prepaid, (v) if sent via facsimile, upon confirmation of facsimile transfer
or (vi) if sent via electronic mail, when directed to the relevant electronic mail address, if sent during normal business hours
of the recipient, or if not sent during normal business hours of the recipient, then on the recipient’s next business day.

		(l)	Expenses. The Company and
Investor shall be responsible for their own legal fees and other expenses incurred in connection with the negotiation, drafting
and execution of this Note.

		(m)	Severability of this Note.
If any provision of this Note shall be judicially determined to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	6

    	 

    

 

		(n)	Usury. If any interest is
paid on this Note that is deemed to be in excess of the then legal maximum rate, then that portion of the 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
this Note.

		(o)	Waivers. The Company hereby
waives notice of default, presentment or demand for payment, protest or notice of nonpayment or dishonor and all other notices
or demands relative to this instrument.

		(p)	Review and Knowledge. Each party herein expressly represents and warrants to all other parties
hereto that (a) before executing this Note, said party has fully informed itself of the terms, contents, conditions and effects
of this Note; (b) said party has relied solely and completely upon its own judgment in executing this Note; (c) said party has
had the opportunity to seek and has obtained the advice of its own legal, tax and business advisors before executing this Note;
(d) said party has acted voluntarily and of its own free will in executing this Note; and (e) this Note is the result of arm’s
length negotiations conducted by and among the parties and their respective counsel.

		(q)	Counterparts. This Note
and any signed agreement or instrument entered into in connection with this Note, may be executed in one or more counterparts,
all of which shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile
machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail (any such delivery, an “Electronic Delivery”)
shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding
legal effect as if it were the original signed version thereof delivered in person. No party shall raise the use of Electronic
Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through
the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense,
except to the extent such defense relates to lack of authenticity.

 

(Signature Page Follows)

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	7

    	 

    

The parties have caused this Note to be
duly executed and delivered as of the date first written above.

 

	 	COMPANY:
	 	 
	 	 
	 	MONAKER GROUP, INC.
	 	 
	 	 
	 	a Nevada corporation

 

 

	 	By:	/s/
    William Kerby
	 	Name:	William Kerby
	 	Title:	CEO
	 	Address:	2893 Executive Park Dr. #201 

Weston Florida USA 33331

 

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	8

    	 

    

The parties have caused this Note to be duly
executed and delivered as of the date first written above.

 

	 	Investor:
	 	HOTPLAY ENTERPRISE LIMITED

 

 

	 	By:	/s/
    Athid Nanthawaroon
	 	 	
         

        /s/ Nithinan Boonyawattanapisut

	 	 	 
	 	Name:	
        Athid Nanthawaroon and

        Nithinan Boonyawattanapisut

	 	 	 
	 	 	 
	 	 	 
	 	Title:	Director
	 	 	 
	 	Address:	 

 

 

    Monaker Group, Inc. – Convertible Promissory Note ($1,000,000)
Effective September 30, 2020
	9

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