Document:

Exhibit
10.21

 

LIMITED
LIABILITY COMPANY AGREEMENT

OF

KREATAR
LLC

 

This
Limited Liability Company Agreement (“Agreement”) of Kreatar LLC (the “Company”), effective as
of May 30, 2017 (the “Effective Date”), is entered into by The Glimpse Group, Inc., as the sole member of the Company
(the “Member”).

 

WHEREAS,
the Company was formed as a limited liability company on November 1, 2016 pursuant to Chapter 86 of the Nevada Revised Statutes, as amended
from time to time (the “Act”), by the filing of Articles of Organization of the Company with the office of the Secretary
of State of Nevada; and

 

WHEREAS,
the Member agrees that the membership in and management of the Company shall be governed by the terms set forth herein and the Act and
to the extent this Agreement is inconsistent in any respect with the Act, this Agreement shall control.

 

NOW,
THEREFORE, the Member agrees as follows:

 

1.       Name.
The name of the Company is Kreatar LLC.

 

2.       Purpose.
The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act
and to engage in any and all activities necessary or incidental thereto, including the creation of augmented reality presentation tools.

 

3.       Principal
Office; Registered Agent.

 

(a)       Principal
Office. The location of the principal office of the Company shall be 800 Third Avenue, Suite 1701, New York, New York 10022, or such
other location as the Member may from time to time designate.

 

(b)       Registered
Agent. The agent for service of process in Nevada as of the Effective Date of this Agreement is Corporate Creations Network Inc.

 

4.       Members.

 

(a)       Initial
Member. The Member owns 100% of the membership interests in the Company. The name and the business, residence or mailing address
of the Member are as follows:

 

	Name	 	Address
	The
    Glimpse Group, Inc.	 	800
Third Avenue, Suite 1701, New York, NY 10022

    

 

(b)       Additional
Members. One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of
any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine
to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement
or counterpart to this Agreement, as necessary.

 

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(c)       Membership
Interests; Certificates. The Company will not issue any certificates to evidence ownership of the membership interests.

 

5.       Management.

 

(a)       Authority;
Powers and Duties of the Member. The Member shall have exclusive and complete authority and discretion to manage the operations and
affairs of the Company and to make all decisions regarding the business of the Company. Any action taken by the Member shall constitute
the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority
of the Member as set forth in this Agreement. The Member shall have all rights and powers of a manager under the Act, and shall have
such authority, rights and powers in the management of the Company to do any and all other acts and things necessary, proper, convenient
or advisable to effectuate the purposes of this Agreement.

 

(b)       Election
of Officers; Delegation of Authority. The Member may, from time to time, designate one or more officers with such titles as may be
designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each
such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such
Officer is removed by the Member. Any action taken by an Officer designated by the Member pursuant to authority delegated to such Officer
shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the
power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated
to him or her.

 

6.       Liability
of Member; Indemnification.

 

(a)       Limited
Liability of Member. Except as otherwise required by any non-waivable provision of the Act or other applicable law, the debts, obligations,
and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities
of the Company, and the Member shall not be obligated for any such debt, obligation or liability of the Company solely by reason of being
the Member or participating in the management of the Company.

 

(b)       Indemnification.
To the fullest extent permitted under the Act, the Member and officers (irrespective of the capacity in which it acts) shall be entitled
to indemnification and advancement of expenses from the Company for and against any loss, damage, claim or expense (including attorneys’
fees) whatsoever incurred by the Member or officers relating to or arising out of any act or omission or alleged acts or omissions (whether
or not constituting negligence or gross negligence) performed or omitted by the Member or the officers on behalf of the Company; provided,
however, that any indemnity under this Section 6(b) shall be provided out of and to the extent of Company assets only, and neither the
Member, officers nor any other person shall have any personal liability on account thereof.

 

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7.       Term.
The Company commenced on the date the Articles of Organization were properly filed with the Secretary of State of the State of Nevada
and shall exist in perpetuity unless the Company is dissolved and terminated in accordance with Section 13.

 

8.       Other
Activities. The Member, its agents, representatives and affiliates may engage or invest in, and devote their time to, any other business
venture or activity of any nature and description (independently or with others), whether or not such other activity may be deemed or
construed to be in competition with the Company. The Company shall not have any right by virtue of this Agreement or the relationship
created hereby in or to such other venture or activity (or to the income or proceeds derived therefrom), and the pursuit thereof, even
if competitive with the business of the Company, shall not be deemed wrongful or improper.

 

9.       Standards
of Conduct. Whenever the Member is required or permitted to make a decision, take or approve an action, or omit to do any of the
foregoing, then the Member shall be entitled to consider only such interests and factors, including its own, as it desires, and shall
have no duty or obligation to consider any other interests or factors whatsoever. To the extent that the Member has, at law or in equity,
duties (including, without limitation, fiduciary duties) to the Company or other person bound by the terms of this Agreement, the Member
acting in accordance with the Agreement shall not be liable to the Company or any such other person for its good faith reliance on the
provisions of this Agreement. The provisions of this Agreement, to the extent that they restrict the duties of the Member otherwise existing
at law or in equity, replace such other duties to the greatest extent permitted under applicable law.

 

10.       Initial
Capital Contributions. The Member hereby
agrees to contribute to the Company such cash, property or services as determined by the Member.

 

11.       Tax
Status; Income and Deductions.

 

(a)       Tax
Status. As long as the Company has only one member, it is the intention of the Company and the Member that the Company be treated
as a disregarded entity for federal and all relevant state tax purposes and neither the Company nor the Member shall take any action
or make any election which is inconsistent with such tax treatment. All provisions of this Agreement are to be construed so as to preserve
the Company’s tax status as a disregarded entity.

 

(b)       Income
and Deductions. All items of income, gain, loss, deduction and credit of the Company (including, without limitation, items not subject
to federal or state income tax) shall be treated for federal and all relevant state income tax purposes as items of income, gain, loss,
deduction and credit of the Member.

 

12.       Distributions.
Distributions shall be made to the Member at the times and in the amounts determined by the Member.

 

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13.       Dissolution;
Liquidation.

 

(a)       The
Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (i) the written consent of the Member
or (ii) any other event or circumstance giving rise to the dissolution of the Company under Chapter 86.491 of the Act, unless the Company’s
existence is continued pursuant to the Act.

 

(b)       Upon
dissolution of the Company, the Company shall immediately commence to wind up its affairs and the Member shall promptly liquidate the
business of the Company. During the period of the winding up of the affairs of the Company, the rights and obligations of the Member
under this Agreement shall continue.

 

(c)       In
the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale
of the assets of the Company in an orderly manner), and the assets of the Company shall be applied as follows: (i) first, to creditors,
to the extent otherwise permitted by law, in satisfaction of liabilities of the Company (whether by payment or the making of reasonable
provision for payment thereof); and (ii) thereafter, to the Member.

 

(d)       Upon
the completion of the winding up of the Company, the Member shall file Articles of Dissolution in accordance with the Act.

 

14.       Miscellaneous.

 

(a)       Amendments.
Amendments to this Agreement may be made only with the consent of the Member.

 

(b)       Governing
Law. This Agreement shall be governed by the laws of the State of Nevada.

 

(c)       Severability.
In the event that any provision of this Agreement shall be declared to be invalid, illegal or unenforceable, such provision shall survive
to the extent it is not so declared, and the validity, legality and enforceability of the other provisions hereof shall not in any way
be affected or impaired thereby, unless such action would substantially impair the benefits to any party of the remaining provisions
of this Agreement.

 

[signature
page follows]

 

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IN
WITNESS WHEREOF, the undersigned has executed this Agreement to be effective as of the date first above written.

 

	 	THE
GLIMPSE GROUP, INC.
	 	
	 	By:

    
	 /s/
    Lyron Bentovim 
	 	Name:	Lyron
    Bentovim

    

	 	Title:	President
    & CEO

 

    	5Exhibit
10.22

 

BILL
OF SALE 

 

This
Bill of Sale (this “Bill of Sale”) is made and entered into on October 28, 2016 by and between The Glimpse Group Inc., a
THE GLIMPSE GROUP, INC., a Nevada corporation (the “Buyer”), PresentAR and LocateAR, both Nevada limited liability companies
and direct and wholly owned subsidiaries of Buyer (together and separately a “Designated Subsidiary”), and Liron Lerman (the
“Seller”). All defined terms not specifically defined herein shall have the meanings given to them in the Acquisition Agreement
(as hereafter defined).

 

Recitals

 

A.
This Bill of Sale is being executed and delivered in connection with that certain Master Acquisition Agreement, dated as of October 28,
2016, by and between THE GLIMPSE GROUP, INC., a Nevada corporation (the “Buyer”), Seller and Designated Subsidiary as attached
hereto as Exhibit A (the “Acquisition Agreement”).

 

B.
Seller desires to sell, assign and transfer to the Designated Subsidiary, and Designated Subsidiary desires to purchase and acquire from
the Seller, all of the Seller’s right, title and interest in and to all of the Assigned Assets (as defined in the Acquisition Agreement),
on the terms and subject to the conditions set forth in this Bill of Sale and in the Acquisition Agreement.

 

Agreement

 

In
consideration of the mutual representations, warranties, covenants and agreements set forth in this Bill of Sale, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

1.
Bill of Sale and Assignment of Assigned Assets. Seller does hereby sell, assign, transfer,
convey and deliver to Designated Subsidiary, all right, title and interest, legal and equitable, to the Assigned Assets to have and to
hold all of such Assigned Assets, without limitation, for its own use forever, in exchange for the payments to Seller of the amounts
as set forth in the Acquisition Agreement.

 

2.
Title. Seller does hereby vest in Designated Subsidiary title to such Assigned Assets subject to no mortgage, lien, claim, pledge,
security interest, conditional sales agreement, right of first refusal, option, restriction, liability, encumbrance or charge, subject
to the terms and conditions of the Acquisition Agreement.

 

3.
Warranty of Title. Seller does hereby agree to warrant and defend title to the Assigned Assets against all persons and to indemnify,
defend and hold Designated Subsidiary harmless from any breach of warranty, all pursuant to the terms and conditions set forth in the
Acquisition Agreement. 

 

4.
Miscellaneous Provisions.

 

a)
Further Assurances. Seller hereby agrees, at its own expense, to perform all such further acts and execute and deliver all such
further agreements, instruments and other documents as required by the Acquisition Agreement to evidence more effectively the conveyance,
assignment, transfer and sale made by Seller under this Bill of Sale.

 

b)
Notices. All notices or other communications or deliveries provided for hereunder shall be given in accordance with the notice
provisions set forth in the Acquisition Agreement.

 

    	 

     

    

 

c)
Successors in Interest. This Bill of Sale and all of the provisions hereof shall be binding upon, and inure to the benefit of
the successors and assigns of the parties hereto as permitted pursuant to the Acquisition Agreement.

 

d)
Governing Law; Jurisdiction. This Bill of Sale shall be governed by and construed and interpreted in accordance with the substantive
laws of the State of New York, irrespective of the choice of law rules of any jurisdiction. Any dispute shall be brought before the state
and federal courts located in New York City, New York, and each party waives any objection which such party may now or hereafter have
to the laying of the venue of any such action, suit or proceeding, and irrevocably submits to the jurisdiction of any such court in any
such action, suit or proceeding.

 

e)
The Acquisition Agreement. This Bill of Sale is executed and delivered in connection with the Acquisition Agreement. Notwithstanding
anything herein to the contrary, nothing herein shall in any way vary the promises, agreements, representations and warranties of any
of the parties to, and set forth in, the Acquisition Agreement, all of which shall survive the Closing (as defined in the Acquisition
Agreement) and not be merged herewith or therewith. The rights or claims of Designated Subsidiary against Seller or Seller against Designated
Subsidiary hereunder shall not be greater than the rights or claims of Designated Subsidiary against the Seller or of the Seller against
Designated Subsidiary, respectively, under the Acquisition Agreement and any claims hereunder shall be governed by the limitations and
procedures set forth in the Acquisition Agreement. In the event of a conflict of any term, condition or provision between this Bill of
Sale and the Acquisition Agreement, the terms, conditions and provisions of the Acquisition Agreement shall prevail and supersede this
Bill of Sale.

 

f)
Counterparts, Facsimiles. This Bill of Sale may be executed in two or more counterparts, each and all of which shall be deemed
an original and all of which together shall constitute but one and the same instrument. The execution and delivery of this Bill of Sale
may be perfected by the exchange of executed signature pages via facsimile or Adobe Portable Document Format followed by delivery of
the original executed signature pages via overnight mail carrier thereafter.

 

[Signatures
appear on following page.]

 

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IN
WITNESS WHEREOF, Seller and Designated Subsidiary have caused this Bill of Sale to be executed as of the date specified above.

 

	 	DESIGNATED
    SUBSIDIARY:
	 	 
	 	LocateAR
	 	 	 
	 	By:
    	 /s/ Lyron
    Bentovim 
	 	Name:	Lyron
    Bentovim
	 	Title:
    	President
	 	 	 
	 	THE
    GLIMPSE GROUP, INC.
	 	Attn.:
    Chief Executive Officer
	 	800
    Third Avenue, Suite 1701 
	 	New
    York, NY 10022
	 	Email:
    lyron@theglimpsegroup.com 
	 	 	 
	 	DESIGNATED
    SUBSIDIARY:
	 	 
	 	PresentAR
	 	 	 
	 	By:
    	 /s/ Lyron
    Bentovim 
	 	Name:	Lyron
    Bentovim
	 	Title:
    	President
	 	 	 
	 	THE
    GLIMPSE GROUP, INC.
	 	Attn.:
    Chief Executive Officer
	 	800
    Third Avenue, Suite 1701 
	 	New
    York, NY 10022
	 	Email:
    lyron@theglimpsegroup.com 
	 	 
	 	SELLER:
	 	 
	 	By:
    	 /s/ Liron
    Lerman                                    
	 	Name:	Liron
    Lerman
	 	 	 
	 	Address
    for Notices:
	 	Liron
    Lerman
	 	1050
    George Street, Apt 15J
	 	New
    Brunswick, NJ, 08901
	 	Email:
    liron@lerman.me

 

STATE
OF __________________

COUNTY
OF ________________

 

The
foregoing instrument was acknowledged before me this 28th day of October 28, 2016, by __________________________________. He is ___ personally
known to me, or X has produced a current ________________________ Driver’s License, or ____________________________________ as
identification.

 

____________________________________

 

NOTARY
PUBLIC - STATE OF _____________

 

My
Commission Expires:________________

 

    	3

     

    

 

Exhibit
A

 

Acquisition
Agreement

 

(Attached)

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