Document:

Exhibit 10.4

 

INVESTOR SUPPORT AGREEMENT

 

INVESTOR SUPPORT AGREEMENT,
dated as of December 14, 2022 (this “Agreement”), by and between M3-Brigade Acquisition III Corp., a Delaware corporation
(“MBSC”), and the warrantholder of MBSC whose name appears on the signature page of this Agreement (the “Investor”).

 

WHEREAS, MBSC, Greenfire Resources,
Inc. (the “Company”), and certain other persons propose to enter into, concurrently herewith, a business combination
agreement (the “BCA”), a copy of which has been made available to the Investor, which provides, among other things,
for (i) the business combination of MBSC and the Company (the “Transaction”) and (ii) MBSC to conduct a stockholder
meeting to obtain stockholder approval of the Transaction and a warrantholder meeting to obtain warrantholder approval of an amendment
to the terms of MBSC’s outstanding warrants (the “Warrants”), each to purchase one share of MBSC’s Class
A common stock, par value $0.0001 per share (“Common Stock”);

 

WHEREAS, as of the date hereof,
the Investor beneficially owns the number of Warrants (the “Investor Warrants”) set forth on the signature page hereof.

 

NOW, THEREFORE, in consideration
of the foregoing and of the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the Investor and
MBSC hereby agree as follows:

 

		1.	Voting Agreement. The Investor hereby agrees to vote,
at the meeting of warrantholders of MBSC (including any adjournments or postponements thereof), all Investor Warrants in favor of any
amendment to the terms of the Warrants proposed by MBSC solely to amend the terms of the Warrants together with any amendments required
to give effect thereto such that all of the Warrants shall be exchanged for $0.50 per whole Warrant upon the closing of the Transaction
and any other matter reasonably necessary to effect such amendment. For the avoidance of doubt, the amendment to the terms of the Warrants
will only take effect upon the closing of the Transaction.

 

		2.	No Transfer. In connection with the meeting of warrantholders
of MBSC to amend the terms of the Warrants (including any adjournments or postponements thereof), from the date of this Agreement through
the earlier of the record date with respect to such meeting of warrantholders of MBSC (including any adjournments or postponements thereof)
or the termination of the BCA in accordance with its terms, the Investor hereby agrees that it shall not, directly or indirectly, without
the prior written consent of MBSC, (a) sell, assign, transfer (including by operation of law), permit the creation of any lien,
pledge, dispose of or otherwise encumber any of the Investor Warrants or otherwise agree to do any of the foregoing, (b) deposit
any of the Investor Warrants into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney
with respect thereto that is inconsistent with this Agreement, (c) enter into any contract, option or other arrangement or undertaking
with respect to the direct or indirect acquisition or sale, assignment, transfer (including by operation of law) or other disposition
of any of the Investor Warrants, or (d) take any action that would have the effect of preventing or disabling the Investor from performing
its obligations hereunder. The Investor acknowledges that it will only be entitled to the payment described in paragraph 1 for the Warrants
it holds upon the closing of the Transaction. For the avoidance of doubt, nothing in this Agreement shall limit the ability of the Investor
to take any of the above actions with respect to shares of Common Stock.

 

		3.	Representations, Warranties and Undertakings of MBSC.

 

(a) The
execution, delivery and performance by MBSC of this Agreement and the consummation by MBSC of the transactions contemplated hereby do
not and will not (i) conflict with or violate any law or order applicable to MBSC, (ii) require any consent, approval or authorization
of, declaration, filing or registration with, or notice to, any person or entity, other than those required by applicable securities laws,
warrantholder approval at the meeting of warrantholders in connection with the amendment and any approvals from the relevant stock exchange,
(iii) conflict with or result in a breach of or constitute a default under any provision of MBSC’s organizational documents, or
(iv) conflict with or result in a breach of or constitute a default under any provision of any agreement or instrument to which MBSC is
a party or by which it is bound except, with respect to clauses (i), (ii) and (iv), conflicts, breaches, violations, impositions or defaults
that would not reasonably be expected to have a material adverse effect on the performance by MBSC of its obligations under this Agreement.

 

     

     

    

 

(b) MBSC
has the power, authority and capacity to execute, deliver and perform this Agreement and this Agreement has been duly authorized, executed
and delivered by MBSC.

 

		4.	Representations and Warranties of Investor. The Investor
represents and warrants to MBSC as follows:

 

(a) The
execution, delivery and performance by the Investor of this Agreement and the consummation by the Investor of the transactions contemplated
hereby do not and will not (i) conflict with or violate any law or order applicable to such Investor, (ii) require the Investor to obtain
or make any consent, approval or authorization of, declaration, filing or registration with, or notice to, any person or entity, (iii)
result in the creation of any lien on any Investor Warrants (other than pursuant to this Agreement or transfer restrictions under applicable
securities laws or the organizational documents of the Investor), (iv) conflict with or result in a breach of or constitute a default
under any provision of any agreement or instrument to which the Investor is a party or by which it is bound, or (v) conflict with or result
in a breach of or constitute a default under any provision of such Investor’s organizational documents except, with respect to clauses
(i), (ii) or (iv), conflicts, breaches, violations, impositions or defaults that would not reasonably be expected to have a material adverse
effect on the performance by the Investor of its obligations under this Agreement.

 

(b) The
Investor owns of record and has good, valid and marketable title to the Investor Warrants set forth on the signature page hereof free
and clear of any lien (other than pursuant to this Agreement or transfer restrictions under applicable securities laws or the organizational
documents of such Investor) and has the sole power (as currently in effect) to vote and full right, power and authority to sell, transfer
and deliver such Investor Warrants, and such Investor does not own, directly or indirectly, any other Warrants.

 

(c) The
Investor has the power, authority and capacity to execute, deliver and perform this Agreement and that this Agreement has been duly authorized,
executed and delivered by such Investor.

 

		5.	Termination. This Agreement and the obligations of
the Investor under this Agreement shall automatically terminate upon the earliest of: (a) the completion of the Transaction; (b) the
termination of the BCA in accordance with its terms; and (c) the mutual agreement of MBSC and the Investor. Upon termination or expiration
of this Agreement, no party shall have any further obligations or liabilities under this Agreement; provided, however, such termination
or expiration shall not relieve any party from liability for any willful breach of this Agreement occurring prior to its termination.
MBSC undertakes and agrees to make a public announcement via press release or filing a Current Report on Form 8-K with the Securities
and Exchange Commission, disclosing the termination of this Agreement pursuant to subsections (b) or (c) above no later than 9:00 am
New York time on the business day following such termination.

 

		6.	Miscellaneous.

 

(a) Except
as otherwise provided herein or in any Transaction Document, all costs and expenses incurred in connection with this Agreement and the
transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated
hereby are consummated.

 

(b) All
notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have
been duly given upon receipt) by delivery in person, by telecopy or e-mail or by registered or certified mail (postage prepaid, return
receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in
a notice given in accordance with this paragraph 5(b)):

 

M3-Brigade Acquisition III Corp.

1700 Broadway, 19th Floor

New York, NY 10019

Telephone: (212) 202-2200

Attention: Mohsin Y. Meghji; Charles Garner

Email: mmeghji@m3-partners.com; cgarner@m3-partners.com

 

    2

     

    

 

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

 

Wachtell, Lipton, Rosen & Katz

51 West 52nd Street

New York, New York 10019

Facsimile No: (212) 403-2000

Telephone No.: (212) 403-1000

Attention: John L. Robinson, Esq.

Email: jlrobinson@wlrk.com

 

If to the Investor, to the address
or facsimile number set forth for the Investor on the signature page hereof.

 

(c) If
any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public policy,
all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal
substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in
order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

(d) This
Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements
and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement
shall not be assigned (whether pursuant to a merger, by operation of law or otherwise).

 

(e) This
Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied,
is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

 

(f) The
parties hereto agree that irreparable damage may occur in the event any provision of this Agreement was not performed in accordance with
the terms hereof and that the parties shall be entitled to seek specific performance of the terms hereof, in addition to any other remedy
at law or in equity.

 

(g) This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed in
and to be performed in that State. All actions arising out of or relating to this Agreement shall be heard and determined exclusively
in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court for
the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive, and agree
not to assert by way of motion, defense, or otherwise, in any such action, 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 action is brought in an inconvenient
forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereunder may not be enforced
in or by any of the above-named courts.

 

(h) This
Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in one or more counterparts,
and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of
which taken together shall constitute one and the same agreement.

 

(i) Without
further consideration, each party shall use commercially reasonable efforts to execute and deliver or cause to be executed and delivered
such additional documents and instruments and take all such further action as may be reasonably necessary or desirable to consummate the
transactions contemplated by this Agreement.

 

(j) This
Agreement shall not be effective or binding upon the Investor until such time as the BCA is executed and holders of an aggregate of at
least 50% of the outstanding Warrants enter into agreements with MBSC that are consistent with the obligations set forth hereunder.

 

(k) Each
of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have to a trial by jury with respect
to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the parties hereto (i) certifies
that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not,
in the event of litigation, seek to enforce that foregoing waiver and (ii) acknowledges that it and the other parties hereto have been
induced to enter into this Agreement and the transactions contemplated hereby, as applicable, by, among other things, the mutual waivers
and certifications in this paragraph (k).

 

 

[Signature pages follow]

 

    3

     

    

 

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

 

	 	M-3 BRIGADE ACQUISITION III CORP.
	 	 	                 
	 	 
	 	Name:  	 
	 	Title:	 

 

[Signature Page to Investor Support Agreement]

 

     

     

    

 

	 	INVESTOR:	 
	 	 	 
	 	 
	 	                                   
	 	By:	 
	 	 	Name:	     
	 	 	Title:	 
	 	 	Address:	 
	 	Investor Warrants owned:	 

 

[Signature Page to Investor Support Agreement]Exhibit
10.1

 

Debt
Repayment and Release Agreement

 

Dated
as of December 15, 2022

 

This
Debt Repayment and Release Agreement (the “Agreement”) is entered into as of the date first set forth above (the “Closing
Date”) by and between (i) Clubhouse Media Group, Inc., a Nevada corporation (“CMGR”) and (ii) ProActive Capital SPV
I, LLC, a Delaware limited liability company (“Holder”), on the other hand. Each of CMGR and Holder may be referred to herein
individually as a “Party” and collectively as the “Parties.”

 

WHEREAS,
the Holder is the holder of that certain Convertible Promissory Note of the Company, dated as of January 20, 2021, as amended by the
Amendment No. 1 to Convertible Promissory Note, dated as of February 4, 2022 (as so amended, the “Note”) pursuant to which,
as of the Closing Date, CMGR owes to Holder the principal sum of $300,000 plus any and all accrued interest (the “Debt”)
and the Parties now wish to settle the Debt and terminate the Note as set forth herein;

 

NOW
THEREFORE, in consideration of the covenants and agreements of the Parties as set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

 

1.
Recitals. The recitals set forth above are true and correct and are, by this reference, made part of this Agreement.

 

2.
Payment. On the Closing Date, as full and complete payment of the Debt, CMGR shall pay to Holder the sum of $75,000 (the “Payment
Amount”) as full and complete payment to Creditor of the Debt and all obligations and liabilities of CMGR pursuant to the Note
and all amounts owed by CMGR to Holder arising from any matter or actions of the Parties prior to the Closing Date. Subject to the issuance
of the Payment Amount, on the Closing Date, the Note shall be deemed redeemed and paid in full and shall hereafter be null and void and
of no force or effect. Holder hereby irrevocably waives any defaults occurring pursuant to the Note prior to the Closing Date.

 

3.
Release of Claims. Effective as of the Closing Date, Holder, for itself and its Affiliates (as defined below), whether an Affiliate
as of the Closing Date or hereafter becoming an Affiliate, and for each of their respective predecessors, successors, assigns, heirs,
representatives, and agents and for all related parties, and all persons acting by, through, under or in concert with any of them in
both their official and personal capacities (collectively, the “Holder Parties”) hereby irrevocably, unconditionally and
forever releases, discharges and remises CMGR and each of its Affiliates (whether an Affiliate as of the Closing Date or later), and
their respective predecessors, successors, assigns, heirs, representatives, and agents and for all related parties and all persons acting
by, through, under or in concert with any of them in both their official and personal capacities (collectively, the “CMGR Parties”),
from all claims of any type and all manner of action and actions, cause and causes of action, suits, debts, dues, sums of money, accounts,
reckonings, bonds, bills, specialties, covenants, contracts, controversies, agreements, promises, variances, trespasses, damages, judgments,
executions, claims and demands whatsoever, in law or in equity, known or unknown, that any Holder Party may have now or may have in the
future, against any of the CMGR Parties to the extent that those claims arose, may have arisen, or are based on events which occurred
at any point in the past up to and including the Closing Date, to the extent related to or arising out of or in connection with the Debt
or the Note, but excluding any claims arising out of or pertaining to this Agreement (collectively, the “Holder Released Claims”).
Holder represents and warrants that no Holder Released Claim released herein has been assigned, expressly, impliedly, or by operation
of law, and that all Holder Released Claims released herein are owned by Holder, which has the respective sole authority to release them.
Holder, on its own behalf and on behalf of the other Holder Parties, agrees that the Holder Parties shall forever refrain and forebear
from commencing, instituting or prosecuting any lawsuit action or proceeding, judicial, administrative or otherwise collect or enforce
any Holder Released Claim, which is released and discharged herein. For purposes herein, (i) “Affiliate” means, with respect
to a specified Person, any other Person that directly or indirectly Controls, is Controlled by or is under common Control with, the specified
Person; (ii) “Control” means (a) the possession, directly or indirectly, of the power to vote 10% or more of the securities
or other equity interests of a Person having ordinary voting power, (b) the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a Person, by contractor otherwise, or (c) being a director, officer, executor,
trustee or fiduciary (or their equivalents) of a Person or a Person that controls such Person; and (iii) “Person” means a
natural person, a corporation, a limited liability company, a partnership, an association, a trust or any other entity or organization,
including a government or political subdivision or any agency or instrumentality thereof.

 

    	1

     

    

 

4.
Covenant Not to File a Claim and Indemnification. Holder, on its own behalf and on behalf of the other Holder Parties, agrees
not to file for itself or on behalf of any other Holder Party, and agrees not to be a party to or assist in, any suit, claim, charge,
complaint, action, or cause of action against any CMGR Party related to the Holder Released Claims, and further agrees to indemnify and
save harmless such CMGR Parties from and against any and all losses, including, without limitation, the cost of defense and legal fees,
occurring as a result of any claims, charges, complaints, actions, or causes of action made or brought by any such Holder Party against
any CMGR Party in violation of the terms and conditions of this Agreement. In the event that any Holder Party brings a suit, or is a
party to any suit or assists in any suit, against any CMGR Party in violation of this covenant, Holder agrees to pay any and all costs
of the CMGR Parties, including attorneys’ fees, incurred by such CMGR Parties in challenging such action. Any CMGR Party is an
intended third-party beneficiary of this Agreement.

 

5.
Affirmations. Holder, on its own behalf and on behalf of the other Holder Parties, affirms that no Holder Party has filed, caused
to be filed, or presently is a party to any claim, complaint, or action against any CMGR Party in any forum or form and should any such
charge or action be filed by any Holder Party or by any other person or entity on any Holder Party’s behalf involving matters covered
by Section 3, Holder agrees to promptly give the agency or court having jurisdiction a copy of this Agreement and inform them that any
such claims any such Holder Party might otherwise have had are now settled. The Parties acknowledge that each Party has had an opportunity
to consult legal counsel with respect to this Agreement. This Agreement extends to, and is for the benefit of, the Parties, their respective
successors, assigns and agents and anyone claiming by, through or under the Parties.

 

6.
Representations and Warranties of Holder. Holder represents and warrants to CMGR as set forth in this Section 6.

 

	 	(a)	Due
    Authority; No Violation. Holder has all requisite rights and authority or the capacity to execute, deliver and perform its obligations
    under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have
    been duly and validly authorized by Holder, and no other proceedings are necessary to authorize the execution, delivery and performance
    of this Agreement or the transactions contemplated hereby or thereby on the part of Holder. The execution, delivery and performance
    of this Agreement will not (x) violate, conflict with, or result in the breach, acceleration, default or termination of, or otherwise
    give any other contracting party the right to terminate, accelerate, modify or cancel any of the terms, provisions, or conditions
    of any material agreement or instrument to which Holder is a party or by which its assets may be bound or (y) constitute a violation
    of any material applicable law, rule or regulation, or of any judgment, order, injunctive award or decree of any governmental authority
    applicable to Holder or (z) conflict with, result in the breach or termination of any provision of, or constitute a default under
    (in each case whether with or without the giving of notice or the lapse of time, or both) any order, judgment, arbitration award,
    or decree to which Holder is a party or by which it or any of its assets or properties are bound.
	 	 	 
	 	(b)	Approvals.
    No approval, authority, or consent of or filing by Holder with, or notification to, any governmental authority, is necessary to authorize
    the execution and delivery of this Agreement or the consummation of the transactions contemplated herein.
	 	 	 
	 	(c)	Enforceability.
    This Agreement has been duly executed and delivered by Holder and, assuming that this Agreement constitutes the legal, valid and
    binding obligation of CMGR, constitutes the legal, valid, and binding obligation of Holder, enforceable against Holder in accordance
    with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization,
    moratorium, fraudulent conveyance and other similar laws of general application affecting enforcement of creditors’ rights
    generally.

 

7.
Miscellaneous.

 

	 	(a)	Governing
    Law. This Agreement, and any and all claims, proceedings or causes of action relating to this Agreement or arising from this
    Agreement or the transactions contemplated herein, including, without limitation, tort claims, statutory claims and contract claims,
    shall be interpreted, construed, governed and enforced under and solely in accordance with the substantive and procedural laws of
    the State of Nevada, in each case as in effect from time to time and as the same may be amended from time to time, and as applied
    to agreements performed wholly within the State of Nevada.
	 	 	 
	 	(b)	Jurisdiction.
    ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS
    CONTEMPLATED HEREIN SHALL BE INSTITUTED SOLELY IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF THE STATE OF
    CALIFORNIA, IN EACH CASE LOCATED IN LOS ANGELES COUNTY, CALIFORNIA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE PERSONAL JURISDICTION
    OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING
    OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT
    THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

    	2

     

    

 

(c)
Waiver of Jury Trial.

 

	 	(i)	EACH
    PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
    PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREIN (WHETHER BASED
    ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
    HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
    WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
    THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 7(c)(i).
	 	 	 
	 	(ii)	Each
    of the Parties acknowledge that each has been represented in connection with the signing of this waiver by independent legal counsel
    selected by the respective Party and that such Party has discussed the legal consequences and import of this waiver with legal counsel.
    Each of the Parties further acknowledge that each has read and understands the meaning of this waiver and grants this waiver knowingly,
    voluntarily, without duress and only after consideration of the consequences of this waiver with legal counsel.

 

	 	(d)	Limitation
    on Damages. In no event will any Party be liable to any other Party under or in connection with this Agreement or in connection
    with the transactions contemplated herein for special, general, indirect or consequential damages, including damages for lost profits
    or lost opportunity, even if the Party sought to be held liable has been advised of the possibility of such damage.

  

	 	(e)	Notices.
    Any notice or other communications required or permitted hereunder shall be in writing and shall be sufficiently given if personally
    delivered to it or sent by email, overnight courier or registered mail or certified mail, postage prepaid. Any Party may change its
    address for notices hereunder upon notice to each other Party in the manner for giving notices hereunder. Any notice hereunder shall
    be deemed to have been given (i) upon receipt, if personally delivered, (ii) on the day after dispatch, if sent by overnight courier,
    (iii) upon dispatch, if transmitted by email with return receipt requested and received and (iv) three (3) days after mailing, if
    sent by registered or certified mail. Notices shall be sent as follows:

 

if
to the Company, to:

 

Clubhouse
Media Group, Inc.

Attn:
Amir Ben-Yohanan

201
Santa Monica Blvd., Suite 30

Santa
Monica, California 90401

Email:
amir_yoh@yahoo.com

 

If
to the Holder, to:

 

ProActive
Capital SPV I, LLC

Attn:
Jeff Ramson

150
East 58th Street, 20th Floor

New
York, NY 10155

Email:
Jramson@pcgadvisory.com

 

	 	(f)	Third
    Party Beneficiaries. This contract is strictly between the Parties and except as specifically provided herein, no other Person,
    employee, agent, independent contractor or any other Person shall be deemed to be a third-party beneficiary of this Agreement.
	 	 	 
	 	(g)	Expenses.
    Other than as specifically set forth herein, each of the Parties will bear their own respective expenses, including legal, accounting
    and professional fees, incurred in connection with this Agreement or the transactions contemplated herein.
	 	 	 
	 	(h)	Entire
    Agreement. This Agreement represents the entire agreement between the Parties relating to the subject matter thereof and supersedes
    all prior agreements, understandings and negotiations, written or oral, with respect to such subject matter herein and therein.
	 	 	 
	 	(i)	Survival.
    The representations, warranties, and covenants of the respective Parties shall survive the Closing Date and the consummation of the
    transactions herein for a period of two years except as otherwise provided in this Agreement.

 

	 	    (j)	Amendment; Waiver;
    Remedies.

 

	 	 	(i)	This
    Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms, covenants, representations, warranties
    or conditions hereof may be waived, only by a written instrument executed by all of the Parties.
	 	 	 	 
	 	 	(ii)	Every
    right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in equity,
    and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by the other shall be
    construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing.

 

    	3

     

    

 

	 	 	(iii)	Neither
    any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor any course
    of dealing shall constitute a waiver of or prevent any Party from enforcing any right or remedy or from requiring satisfaction of
    any condition. No notice to or demand on a Party waives or otherwise affects any obligation of that Party or impairs any right of
    the Party giving such notice or making such demand, including any right to take any action without notice or demand not otherwise
    required by this Agreement. No exercise of any right or remedy with respect to a breach of this Agreement shall preclude exercise
    of any other right or remedy, as appropriate to make the aggrieved Party whole with respect to such breach, or subsequent exercise
    of any right or remedy with respect to any other breach.
	 	 	 	 
	 	 	(iv)	Notwithstanding
    anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential, punitive or exemplary damages,
    under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement or any
    provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

	 	(k)	Arm’s
    Length Bargaining; No Presumption Against Drafter. This Agreement has been negotiated at arm’s-length by parties of equal
    bargaining strength, each represented by counsel or having had but declined the opportunity to be represented by counsel and having
    participated in the drafting of this Agreement. This Agreement creates no fiduciary or other special relationship between the Parties,
    and no such relationship otherwise exists. No presumption in favor of or against any Party in the construction or interpretation
    of this Agreement or any provision hereof shall be made based upon which Person might have drafted this Agreement or such provision.
	 	 	 
	 	(l)	Headings.
    The headings contained in this Agreement are intended solely for convenience and shall not affect the rights of the Parties.
	 	 	 
	 	(m)	No
    Assignment or Delegation. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective
    successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or in part, this Agreement,
    or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for damages
    pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this Agreement,
    or any right arising from the purported assignor’s due performance of its obligations hereunder, without the prior written
    consent of each of the other Parties and any such purported assignment in contravention of the provisions herein shall be null and
    void and of no force or effect.
	 	 	 
	 	(n)	Further
    Assurances. From and after the Closing Date, each Party shall execute and deliver such documents and take such action, as may
    reasonably be considered within the scope of such Party’s obligations hereunder, necessary to effectuate the transactions contemplated
    herein.
	 	 	 
	 	(o)	Specific
    Performance. The Parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement
    were not performed by them in accordance with the terms hereof or were otherwise breached and that each Party hereto shall be entitled
    to an injunction or injunctions, specific performance and other equitable relief to prevent breaches of the provisions hereof and
    to enforce specifically the terms and provisions hereof, without the proof of actual damages, in addition to any other remedy to
    which they are entitled at law or in equity. Each Party agrees to waive any requirement for the security or posting of any bond in
    connection with any such equitable remedy, and agrees that it will not oppose the granting of an injunction, specific performance
    or other equitable relief on the basis that (a) the other Party has an adequate remedy at law, or (b) an award of specific performance
    is not an appropriate remedy for any reason at law or equity.
	 	 	 
	 	(p)	Counterparts.
    This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together
    shall be but a single instrument. The execution and delivery of a facsimile or other electronic transmission of a signature to this
    Agreement shall constitute delivery of an executed original and shall be binding upon the person whose signature appears on the transmitted
    copy.

 

[Signature
page follows]

 

    	4

     

    

 

IN
WITNESS WHEREOF, the Parties have duly executed this Agreement as of the Closing Date.

 

	 	Clubhouse
    Media Group, Inc.
	 	 	 
	 	By:	/s/
    Amir Ben-Yohanan
	 	Name:
    	Amir
    Ben-Yohanan
	 	Title:	Chief
    Executive Officer

 

	 	ProActive
    Capital SPV I, LLC
	 	 	 
	 	By:	/s/
    Jeff Ramson
	 	Name:	Jeff
    Ramson 
	 
	Title:	Manager

 

    	5

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