Document:

Exhibit
4.3

 

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

 

SUBORDINATED
CONVERTIBLE PROMISSORY NOTE

 

	$[______]	Issuance
    Date: [_____]

 

For
value received, MoviePass Inc., a Delaware corporation (the “Company”), promises to pay to Helios and Matheson
Analytics Inc., a Delaware corporation (the “Holder”), the principal sum of [_____] Dollars ($[______]), or
such lesser amount as shall then equal the outstanding principal amount hereunder (the “Principal Amount”).
Interest shall accrue on this Note from the Issuance Date of this Note on the unpaid Principal Amount at a rate equal to 5.00%
per annum, compounded annually and computed on the basis of a 365-day year and the actual number of days elapsed. This Note is
being issued to the Holder pursuant to that certain Second Amended and Restated Subordinated Convertible Note Purchase Agreement,
dated August 18, 2017, as amended from time to time, among the Company, the Holder and a Requisite Majority (as defined therein)
(the “Amended Note Purchase Agreement”), that certain Securities Purchase Agreement, dated August 15, 2017,
as amended on October 6, 2017, by and between the Company and the Holder (the “SPA”), subject to that certain
Waiver Agreement, dated November 6, 2017, by and between the Company and the Holder, and that certain Investment Option Agreement,
dated October 11, 2017, by and between the Company and the Holder (the “Option Agreement”). Capitalized
terms not otherwise defined herein have the meaning given them in the Option Agreement or the SPA, as applicable. This
Note is subject to the following terms and conditions.

 

		1)	Maturity.
                                         While this Note is outstanding, the Principal Amount and any accrued but unpaid interest
                                         under this Note shall be due and payable upon demand of the Holder at any time after
                                         the two-year anniversary of the Issuance Date of this Note first stated above (the “Maturity
                                         Date”). Subject to Section 2 below, interest shall accrue on this Note and
                                         shall be due and payable on the Maturity Date. Notwithstanding the foregoing, the entire
                                         unpaid Principal Amount, together with accrued and unpaid interest thereon, shall become
                                         immediately due and payable upon the commencement of any bankruptcy, insolvency or dissolution
                                         proceeding by the Company, the execution by the Company of a general assignment for the
                                         benefit of creditors, the filing by or against the Company of a petition in bankruptcy
                                         or any petition for relief under the federal bankruptcy act or the continuation of such
                                         petition without dismissal for a period of 90 days or more, or the appointment of a receiver
                                         or trustee to take possession of the property or assets of the Company.

 

		2)	Cancellation
                                         of Note Upon Consummation of SPA Transaction. Upon
                                         the Closing:

 

		a)	this
                                         Note shall be immediately cancelled and of no further force or effect, automatically
                                         and without any action being required on the part of the Holder, and the Company will
                                         be forever released from all of its obligations and liabilities under this Note including
                                         (without limitation) the obligation to pay the Principal Amount and accrued interest;

 

    	 		 

     

    

 

		b)	cancellation
                                         of this Note as provided above shall constitute full satisfaction of the Holder’s
                                         obligation to pay the purchase price for $[_____] of the Option Shares pursuant to the
                                         Option Agreement; and

 

		c)	the
                                         Holder shall deliver any original executed copy of this Note in the Holder’s possession
                                         to the Company for destruction, provided that any failure by the Holder to deliver such
                                         original executed copy of this Note to the Company shall not affect the automatic cancellation
                                         of this Note as provided by Section 2(a) above.

 

		3)	Next
                                         Equity Conversion.

 

		a)	Next
                                         Equity Financing. If the Holder terminates the SPA due to the Company’s
                                         material breach of any representation, warranty or covenant thereof that remains uncured
                                         within the time frame specified in Section 7.18 of the SPA (an “SPA Termination”),
                                         the outstanding Principal Amount and any accrued but unpaid interest under this Note
                                         (the amount being converted, the “Conversion Amount”) may, at the
                                         Holder’s option, be converted, in whole or in part, into equity securities issued
                                         and sold at the initial closing of the Company’s next equity financing following
                                         such SPA Termination (the “Next Equity Securities”) in a single transaction
                                         or a series of related transactions yielding gross proceeds to the Company of at least
                                         $1,000,000 (excluding the principle amount or accrued interest or any other amounts owing
                                         on any notes, including the Notes (as defined in the Amended Note Purchase Agreement),
                                         converted into capital stock and issued therein) other than an Exempt Issuance (the “Next
                                         Equity Financing”). “Exempt Issuance” means the issuance
                                         of (a) shares of the Company’s common stock, options or other equity-based awards
                                         to employees, officers, directors, consultants or vendors of the Company for services
                                         rendered to the Company pursuant to any stock or option plan or agreement that was duly
                                         adopted for such purpose, by a majority of the non-employee members of the Board of Directors
                                         or a majority of the members of a committee of non-employee directors established for
                                         such purpose, (b) securities upon the exercise or exchange of or conversion of any Notes
                                         issued hereunder and/or other securities exercisable or exchangeable for or convertible
                                         into shares of Company’s common stock issued and outstanding on the date of this
                                         Note, provided that such securities have not been amended since the date of this Note
                                         to increase the number of such securities or to decrease the exercise price, exchange
                                         price or conversion price of such securities (other than in connection with stock splits
                                         or combinations) or to extend the term of such securities and (c) securities issued pursuant
                                         to acquisitions or strategic transactions of other assets or businesses approved by a
                                         majority of the disinterested directors of the Company or the shareholders of the Company
                                         prior to such issuance; provided that (x) the primary purpose of such issuance is not
                                         to raise capital, (y) the purchaser or acquirer of such shares of the Company’s
                                         common stock in such issuance solely consists of either (1) the actual owners of such
                                         assets or securities acquired in such merger or acquisition or (2) the shareholders,
                                         partners or members of the foregoing persons, and (z) the number or amount (as the case
                                         may be) of such shares of the Company’s common stock issued to such person by the
                                         Company shall not be disproportionate to such person’s actual ownership of such
                                         assets or securities to be acquired by the Company (as applicable).

 

		b)	Notice
                                         of Conversion. If this Note is eligible to be converted pursuant to Section 3(a),
                                         at least fifteen (15) business days prior to the proposed initial closing of the Next
                                         Equity Financing, the Company shall deliver written notice to the Holder of this Note
                                         at the address last shown on the records of the Company for the Holder or given by the
                                         Holder to the Company for the purpose of notice or, if no such address appears or is
                                         given, at the place where the principal executive office of the Company is located, notifying
                                         the Holder of the Next Equity Financing, specifying the conversion price, the Principal
                                         Amount and accrued interest of this Note eligible to be converted, the proposed closing
                                         date of the proposed Next Equity Financing requesting the Holder notify the Company of
                                         its election to convert this Note if any, in the manner and at the place designated in
                                         the Company’s notice. A Holder’s election to convert all or a portion of
                                         this Note in connection with the Next Equity Financing must be made at least five (5)
                                         business days before the expected initial closing date of the Next Equity Financing.

 

    	 	2	 

     

    

 

		c)	Terms
                                         of Conversion. The number of shares of Next Equity Securities to be issued upon
                                         such conversion shall be equal to the quotient obtained by dividing (i) the Conversion
                                         Amount by (ii) 80.00% of the cash price per share of the Next Equity Securities sold
                                         in the Next Equity Financing (excluding the Participation Shares, as defined in the Amended
                                         Note Purchase Agreement), rounded down to the nearest whole share (the “Note
                                         Conversion Price”). The issuance of such shares upon such conversion shall
                                         be upon the terms and subject to the conditions applicable to the Next Equity Financing
                                         and the Company’s Certificate of Incorporation, Bylaws, and other corporate governing
                                         documents, as determined by the Company and the investors in the Next Equity Financing
                                         in their sole discretion. The Note Conversion Price, however, shall not be greater than
                                         the quotient obtained by dividing (x) $210,000,000 by (y) the total number of shares
                                         of Common Stock outstanding (assuming full conversion and exercise of all convertible
                                         or exercisable securities other than (i) the Notes (as defined in the Amended Note Purchase
                                         Agreement), (ii) other outstanding convertible notes and (iii) outstanding convertible
                                         equity securities). Upon such conversion of this Note, the Holder hereby agrees to execute
                                         and deliver to the Company all transaction documents related to the Next Equity Financing,
                                         including any purchase agreement and other ancillary agreements, with customary representations
                                         and warranties and transfer restrictions (including, without limitation, a lock-up agreement
                                         in connection with an initial public offering).

 

		4)	Change
                                         of Control. In the event of a Change of Control (as defined below) prior to the
                                         conversion of this Note or repayment in full of this Note, immediately prior to such
                                         Change of Control, this Note shall become immediately due and payable. The term “Change
                                         of Control” means (i) a sale of all or substantially all of the Company’s
                                         assets other than to an Excluded Entity (as defined below), (ii) a merger, consolidation
                                         or other capital reorganization or business combination transaction of the Company with
                                         or into another corporation, limited liability company or other entity other than an
                                         Excluded Entity, or (iii) the consummation of a transaction, or series of related transactions,
                                         in which any “person” (as such term is used in Sections 13(d) and 14(d) of
                                         the Securities Exchange Act of 1934, as amended (the “Exchange Act”))
                                         becomes the “beneficial owner” (as defined in Rule 13d-3 of the Exchange
                                         Act), directly or indirectly, of all of the Company’s then outstanding voting securities.
                                         Notwithstanding the foregoing, a transaction shall not constitute a Change of Control
                                         if its purpose is to (A) change the jurisdiction of the Company’s incorporation,
                                         (B) create a holding company that will be owned in substantially the same proportions
                                         by the persons who hold the Company’s securities immediately before such transaction,
                                         or (C) obtain funding for the Company in a financing that is approved by the Company’s
                                         Board of Directors. An “Excluded Entity” means a corporation or other
                                         entity of which the holders of voting capital stock of the Company outstanding immediately
                                         prior to such transaction are the direct or indirect holders of voting securities representing
                                         at least a majority of the votes entitled to be cast by all of such corporation’s
                                         or other entity’s voting securities outstanding immediately after such transaction.

 

		5)	Mechanics
                                         and Effect of Conversion. No fractional shares of the Company’s capital
                                         stock will be issued upon conversion of this Note. In lieu of any fractional share to
                                         which the Holder would otherwise be entitled, the Company will pay to the Holder in cash
                                         the amount of the unconverted Principal Amount and accrued interest under this Note that
                                         would otherwise be converted into such fractional share. Upon conversion of this Note,
                                         the Holder shall surrender this Note, duly endorsed, at the principal offices of the
                                         Company or any transfer agent of the Company. At its expense, the Company will, as soon
                                         as practicable thereafter, issue the number of Next Equity Securities to which such Holder
                                         is entitled upon such conversion, together with any other securities and property to
                                         which the Holder is entitled upon such conversion under the terms of this Note, including
                                         a check payable to the Holder for any cash amounts payable as described herein and shall
                                         deliver to such Holder, at such principal office, a notice of issuance upon request for
                                         the number of shares to which such Holder is entitled upon such conversion. Upon conversion
                                         of this Note, the Company will be forever released from all of its obligations and liabilities
                                         under this Note with regard to that portion of the principal amount and accrued interest
                                         being converted including (without limitation) the obligation to pay such portion of
                                         the principal amount and accrued interest.

 

    	 	3	 

     

    

 

		6)	Payment;
                                         Prepayment. All payments shall be made in lawful money of the United States of
                                         America at such place as the Holder hereof may from time to time designate in writing
                                         to the Company. Payment shall be credited first to collection costs, if any, then the
                                         accrued interest then due and payable and the remainder shall be applied to principal.
                                         The Company may prepay this Note at any time without penalty only upon written consent
                                         of the Holder.

 

		7)	Stockholders,
                                         Officers and Directors Not Liable. In no event shall any stockholder, officer
                                         or director of the Company be liable for any amounts due or payable pursuant to this
                                         Note.

 

		8)	Subordination.

 

		a)	The
                                         indebtedness evidenced by this Note is hereby expressly subordinated, to the extent and
                                         in the manner hereinafter set forth, in right of payment to the prior payment in full
                                         of all of the Company’s Senior Indebtedness. The Holder further agrees to execute
                                         a form of subordination agreement, as requested by any current or future lender to the
                                         Company, to effect the foregoing subordination. “Senior Indebtedness”
                                         shall mean the principal of and unpaid interest and premium, if any, on (i) indebtedness
                                         of the Company or with respect to which the Company is a guarantor, whether outstanding
                                         on the date hereof or hereafter created, to banks, insurance companies or other lending
                                         or thrift institutions regularly engaged in the business of lending money, whether or
                                         not secured, (ii) any deferrals, renewals or extensions or any debentures, notes or other
                                         evidence of indebtedness issued in exchange for such Senior Indebtedness, (iii) those
                                         certain secured convertible promissory notes issued by the Company pursuant to the Secured
                                         Convertible Promissory Note and Warrant Purchase Agreement dated on May 27, 2016.

 

		b)	Upon
                                         any receivership, assignment for the benefit of creditors, bankruptcy, reorganization,
                                         or arrangement which creditors (whether or not pursuant to bankruptcy or other insolvency
                                         laws), sale of all or substantially all of the assets, dissolution, liquidation, or any
                                         other marshaling of the assets and liabilities of the Company or in the event this Note
                                         shall be declared due and payable, (i) no amount shall be paid by the Company, whether
                                         in cash or property in respect of the principal of or interest on this Note at the time
                                         outstanding, unless and until the full amount of any Senior Indebtedness then outstanding
                                         shall be paid in full, and (ii) no claim or proof of claim shall be filed with the Company
                                         by or on behalf of the holder of this Note which shall assert any right to receive any
                                         payments in respect of the principal of and interest on this Note except subject to the
                                         payment in full all of the Senior Indebtedness then outstanding.

 

		c)	If
                                         an event of default has occurred with respect to any Senior Indebtedness, permitting
                                         the holder thereof to accelerate the maturity thereof, then unless and until such event
                                         of default shall have been cured or waived or shall have ceased to exist, or all Senior
                                         Indebtedness shall have been paid in full, no payment shall be made in respect of the
                                         principal of or interest on this Note.

 

    	 	4	 

     

    

 

		d)	Nothing
                                         contained in the preceding paragraphs shall impair, as between the Company and the Holder,
                                         the obligation of the Company, which is absolute and unconditional, to pay to the Holder
                                         hereof the principal hereof and interest hereon as and when the same shall become due
                                         and payable, or shall prevent the Holder, upon default hereunder, from exercising all
                                         rights, powers and remedies otherwise provided herein or by applicable law, all subject
                                         to the rights, if any, of the holders of Senior Indebtedness under the preceding paragraphs
                                         to receive cash or other properties otherwise payable or deliverable to the Holder pursuant
                                         to this Note.

 

		9)	Interest
                                         Rate Limitation. Notwithstanding anything to the contrary contained in this Note,
                                         the Amended Note Purchase Agreement, the SPA or the Option Agreement, as applicable (the
                                         “Loan Documents”), the interest paid or agreed to be paid under the
                                         Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by
                                         applicable law (the “Maximum Rate”). If the Holder shall receive interest
                                         in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the
                                         principal remaining owed under this Note or, if it exceeds such unpaid principal, refunded
                                         to the Company. In determining whether the interest contracted for, charged, or received
                                         by the Holder exceeds the Maximum Rate, the Holder may, to the extent permitted by applicable
                                         law, (a) characterize any payment that is not principal as an expense, fee, or premium
                                         rather than interest, (b) exclude voluntary prepayments and the effects thereof, and
                                         (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount
                                         of interest throughout the contemplated term of this Note.

 

		10)	Action
                                         to Collect on Note. If action is instituted to collect on this Note, the Company
                                         promises to pay all of each Holder’s costs and expenses, including reasonable attorney’s
                                         fees, incurred in connection with such action.

 

		11)	Loss
                                         of Note. Upon receipt by the Company of evidence satisfactory to it of the loss,
                                         theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity
                                         satisfactory to the Company (in case of loss, theft or destruction) or surrender and
                                         cancellation of such Note (in the case of mutilation), the Company will make and deliver
                                         in lieu of such Note a new Note of like tenor.

 

		12)	Miscellaneous.

 

		a)	Governing
                                         Law; Venue. The validity, interpretation, construction and performance of this
                                         Note, and all acts and transactions pursuant hereto and the rights and obligations of
                                         the Company and Holder shall be governed, construed and interpreted in accordance with
                                         the laws of the State of California, without giving effect to principles of conflicts
                                         of law. Venue for any legal action under this Note shall be in the state or federal courts
                                         located in the City of Los Angeles in the State of California.

 

		b)	Entire
                                         Agreement. This Note, together with the Amended Note Purchase Agreement, the
                                         SPA, the Option Agreement and the documents referred to therein, constitute the entire
                                         agreement and understanding between the Company and the Holder relating to the subject
                                         matter herein and supersede all prior or contemporaneous discussions, understandings
                                         and agreements, whether oral or written between them relating to the subject matter hereof.

 

		c)	Amendments
                                         and Waivers. Any term of this Note may be amended only with the written consent
                                         of the Company and the Holder. Any amendment or waiver effected in accordance with this
                                         Section 12(c) shall be binding upon the Company, the Holder and each transferee of the
                                         Note or any portion thereof.

 

    	 	5	 

     

    

 

		d)	Successors
                                         and Assigns. The terms and conditions of this Note shall inure to the benefit
                                         of and be binding upon the respective successors and assigns of the Company and the Holder.
                                         Notwithstanding the foregoing, the Holder may not assign, pledge, or otherwise transfer
                                         this Note without the prior written consent of the Company except pursuant to the exercise
                                         of rights by the holder(s) of Helios’ senior secured convertible notes holding
                                         a security interest in Helios’ assets. Subject to the preceding sentence, this
                                         Note may be transferred only upon surrender of the original Note for registration of
                                         transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer
                                         in form satisfactory to the Company. Thereupon, a new note for the same principal amount
                                         and interest will be issued to, and registered in the name of, the transferee. Interest
                                         and principal are payable only to the registered holder of this Note.

 

		e)	Notices.
                                         Any notice, demand or request required or permitted to be given under this Note shall
                                         be in writing and shall be deemed sufficient when delivered personally or by overnight
                                         courier or sent by email, or 48 hours after being deposited in the U.S. mail as certified
                                         or registered mail with postage prepaid, addressed to the party to be notified at such
                                         party’s address as set forth on the signature page, as subsequently modified by
                                         written notice, or if no address is specified on the signature page, at the most recent
                                         address set forth in the Company’s books and records.

 

		f)	Counterparts.
                                         This Note may be executed in any number of counterparts, each of which when so executed
                                         and delivered shall be deemed an original, and all of which together shall constitute
                                         one and the same instrument.

 

[Signature
Page Follows]

 

    	 	6	 

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Subordinated Convertible Promissory Note as of the date first set forth above.

 

	 	THE
    COMPANY:
	 	 	 
	 	MOVIEPASS INC.
	 	 	 
	 	By:	 
	 	 	(Signature)
	 	Name:
    	J
    Mitchell Lowe
	 	Title:
    	CEO

 

	 	Address:
    	175
    Varick, NY, NY 10014

 

	AGREED TO AND ACCEPTED:	 
	 	 	 
	THE
    HOLDER:	 
	 	 	 
	HELIOS AND MATHESON ANALYTICS INC.	 
	 	 	 
	By:	 	 
		(Signature)	 
	Name:
    	Stuart
    Benson	 
	Title:
    	CFO	 

 

	Address:
    	350
    Fifth Avenue Suite #7520	 
	 	New
    York, NY 10118	 

 

 

[Signature
Page to the Subordinated Convertible Promissory Note of MoviePass Inc.]Exhibit 10.2

 

NOTE
PURCHASE AGREEMENT

 

THIS
NOTE PURCHASE AGREEMENT (this “Agreement”), dated as of December 11, 2017, is entered into by and among
Christopher Kelly, an individual (“Seller”), Helios and Matheson Analytics Inc., a Delaware corporation (“Buyer”),
and, for purposes of Sections 6 and 8 of this Agreement only, MoviePass Inc., a Delaware corporation (the “Company”).

 

RECITALS

 

WHEREAS,
Seller is the holder of those certain convertible promissory notes set forth on Schedule A attached hereto, issued by the Company
to Seller in the aggregate principal amount of $1,000,000 (the “Transferred Notes”);

 

WHEREAS,
in accordance with the terms and conditions of that certain Securities Purchase Agreement, dated August 15, 2017, as amended on
October 6, 2017 and December 11, 2017, by and between Buyer and the Company (as amended, the “SPA”), which
is subject to the Waiver Agreement, dated November 6, 2017, Buyer agreed to purchase the Transferred Notes from Seller within
two business days after the closing of the transactions contemplated by the SPA (such date, the “Effective Date”);
and

 

WHEREAS,
Seller wishes to sell to Buyer, and Buyer wishes to purchase from Seller, the Transferred Notes, subject to the terms and conditions
set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

 

		1.	Purchase
                                         and Sale. Subject to the terms and conditions set forth herein, on the Effective
                                         Date, Seller shall sell, transfer and assign to Buyer, and Buyer shall purchase from
                                         Seller, all of Seller’s right, title and interest in and to the Transferred Notes.
                                         The aggregate purchase price for the Transferred Notes shall be $1,000,000 (the “Purchase
                                         Price”).

 

		2.	Deliverables.
                                         On the Effective Date:

 

		(a)	Seller
                                         shall deliver to the Company the Transferred Notes and all appropriate instruments of
                                         transfer, duly executed in blank, necessary to transfer the Transferred Notes from Seller
                                         to Buyer free and clear of all Encumbrances (as defined herein).

 

		(b)	Buyer
                                         shall deliver to Seller the Purchase Price by wire transfer of immediately available
                                         funds to the account that has been designated in writing by Seller to Buyer.

 

     

     

    

 

		3.	Representations
                                         and Warranties of Seller. Seller hereby represents and warrants to Buyer as follows:

 

		(a)	Seller
                                         has all requisite power and authority to execute and deliver this Agreement, to carry
                                         out his obligations hereunder, and to consummate the transactions contemplated hereby.
                                         This Agreement has been duly executed and delivered by Seller and (assuming due execution
                                         and delivery by Buyer) constitutes Seller’s legal, valid and binding obligation,
                                         enforceable against Seller in accordance with its terms except as such enforceability
                                         may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidity
                                         or similar laws relating to or affecting generally the enforcement of creditors’
                                         rights and remedies or by other equitable principles of general application.

 

		(b)	The
                                         Transferred Notes are fully paid and non-assessable, and are owned of record and beneficially
                                         solely by Seller, free and clear of all liens, pledges, security interests, charges,
                                         claims, encumbrances, agreements, options, voting trusts, proxies and other arrangements
                                         or restrictions of any kind (“Encumbrances”).

 

		(c)	The
                                         execution, delivery and performance by Seller of this Agreement do not conflict with,
                                         violate or result in the breach of, or create any Encumbrance on the Transferred Notes
                                         pursuant to, any agreement, instrument, order, judgment, decree, law or governmental
                                         regulation to which Seller is a party or is subject or by which the Transferred Notes
                                         are bound.

 

		(d)	There
                                         are no actions, suits, claims, investigations or other legal proceedings pending or,
                                         to the knowledge of Seller, threatened against or by Seller that challenge or seek to
                                         prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.

 

		(e)	Seller,
                                         either alone or together with his representatives (if any), has such knowledge, sophistication
                                         and experience in business and financial matters so as to be capable of evaluating the
                                         merits and risks of the transactions contemplated by this Agreement, and has so evaluated
                                         the merits and risks of such transactions.

 

		(f)	No
                                         broker, finder or investment banker is entitled to any brokerage, finder’s or other
                                         fee or commission in connection with the transactions contemplated by this Agreement
                                         based upon arrangements made by or on behalf of Seller.

 

		4.	Representation
                                         and Warranties of Buyer. Buyer hereby represents and warrants to Seller as follows:

 

		(a)	Buyer
                                         has all requisite power and authority to execute and deliver this Agreement, to carry
                                         out its obligations hereunder, and to consummate the transactions contemplated hereby.
                                         Buyer has obtained all necessary approvals for the execution and delivery of this Agreement,
                                         the performance of its obligations hereunder, and the consummation of the transactions
                                         contemplated hereby. This Agreement has been duly executed and delivered by Buyer and
                                         (assuming due authorization, execution and delivery by Seller) this Agreement constitutes
                                         a legal, valid and binding obligation of Buyer enforceable against Buyer in accordance
                                         with its terms except as such enforceability may be limited by applicable bankruptcy,
                                         insolvency, reorganization, moratorium, liquidity or similar laws relating to or affecting
                                         generally the enforcement of creditors’ rights and remedies or by other equitable
                                         principles of general application.

 

    	 	2	 

     

    

 

		(b)	No
                                         governmental, administrative or other third party consents or approvals are required
                                         by or with respect to Buyer in connection with the execution and delivery of this Agreement
                                         and the consummation of the transactions contemplated hereby.

 

		(c)	There
                                         are no actions, suits, claims, investigations or other legal proceedings pending or,
                                         to the knowledge of Buyer, threatened against or by Buyer that challenge or seek to prevent,
                                         enjoin or otherwise delay the transactions contemplated by this Agreement.

 

		(d)	Buyer,
                                         either alone or together with its representatives (if any), has such knowledge, sophistication
                                         and experience in business and financial matters so as to be capable of evaluating the
                                         merits and risks of the transactions contemplated by this Agreement, and has so evaluated
                                         the merits and risks of such transactions.

 

		(e)	No
                                         broker, finder or investment banker is entitled to any brokerage, finder’s or other
                                         fee or commission in connection with the transactions contemplated by this Agreement
                                         based upon arrangements made by or on behalf of such Buyer.

 

		5.	Independent
                                         Analysis. Each of Buyer and Seller acknowledges that such party understands the transactions
                                         contemplated by this Agreement and that such party has had the opportunity to review
                                         this Agreement and the transactions contemplated hereby with such party’s own legal
                                         counsel, tax advisors and other advisors. Each Buyer and Seller is relying solely on
                                         such party’s own counsel and advisors and not on any statements or representations
                                         of the other party, the Company or of their respective representatives or agents for
                                         legal or other advice with respect to the transactions contemplated by this Agreement.

 

		6.	Consent
                                         to Transfer of the Transferred Notes. In accordance with Section 11(d) of each of
                                         the Transferred Notes, the Company hereby consents to Seller’s assignment and transfer
                                         of the Transferred Notes to Buyer in accordance with the terms and conditions of this
                                         Agreement.

 

		7.	Survival.
                                         All representations and warranties contained herein shall survive the execution and delivery
                                         of this Agreement and the Effective Date.

 

		8.	Further
                                         Assurances. Following the Effective Date, each of Buyer, Seller and the Company shall
                                         execute and deliver such additional documents, instruments, conveyances and assurances,
                                         and take such further actions as may be reasonably required to carry out the provisions
                                         hereof and give effect to the transactions contemplated by this Agreement.

 

		9.	Expenses.
                                         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.

 

		10.	Notices.
                                         All notices, requests, consents, claims, demands, waivers and other communications hereunder
                                         (each, a “Notice”) shall be in writing and addressed to the parties
                                         at the addresses set forth on the first page of this Agreement or on the books and records
                                         of the Company (or to such other address that may be designated by the receiving party
                                         from time to time in accordance with this section). All Notices shall be delivered by
                                         personal delivery, nationally recognized overnight courier (with all fees pre-paid),
                                         facsimile or e-mail of a .PDF document (with confirmation of transmission) or certified
                                         or registered mail (in each case, return receipt requested, postage prepaid). Except
                                         as otherwise provided in this Agreement, a Notice is effective only (a) upon receipt
                                         by the receiving party, and (b) if the party giving the Notice has complied with
                                         the requirements of this Section.

 

    	 	3	 

     

    

 

		11.	Entire
                                         Agreement. This Agreement constitutes the sole and entire agreement of the parties
                                         hereto with respect to the purchase of the Transferred Notes by Buyer from Seller, and
                                         supersedes all prior and contemporaneous understandings, agreements, representations
                                         and warranties, both written and oral, with respect to such subject matter.

 

		12.	Successor
                                         and Assigns. This Agreement shall be binding upon and shall inure to the benefit
                                         of the parties hereto and their respective successors and assigns.

 

		13.	Amendment
                                         and Modification; Waiver. This Agreement may only be amended, modified or supplemented
                                         by an agreement in writing signed by each party hereto. No waiver by any party of any
                                         of the provisions hereof shall be effective unless explicitly set forth in writing and
                                         signed by the party so waiving. No failure to exercise, or delay in exercising, any rights,
                                         remedy, power or privilege arising from this Agreement shall operate or be construed
                                         as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power
                                         or privilege hereunder preclude any other or further exercise thereof or the exercise
                                         of any other right, remedy, power or privilege.

 

		14.	Severability.
                                         If any term or provision of this Agreement is invalid, illegal or unenforceable in any
                                         jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
                                         term or provision of this Agreement or invalidate or render unenforceable such term or
                                         provision in any other jurisdiction. If any court determines that any term or other provision
                                         in this Agreement is invalid, illegal or unenforceable, it is the parties’ intention
                                         that such court shall have the power to modify this Agreement so as to effect the original
                                         intent of the parties as closely as possible to the maximum extent permitted by applicable
                                         law.

 

		15.	Governing
                                         Law; Submission to Jurisdiction. This Agreement shall be construed in accordance
                                         with the laws of the State of New York, without regard to the principles of conflicts
                                         of laws that would result in the application of the laws of another jurisdiction. The
                                         parties further agree that any action between them shall be heard in New York City, New
                                         York, and expressly consent to the jurisdiction and venue of the state and federal courts
                                         sitting in New York City, New York, for the adjudication of any civil action asserted
                                         pursuant to this Agreement.

 

		16.	Interpretation.
                                         The words “this Agreement,” “herein,” “hereby,” “hereunder”
                                         and “hereof,” and words of similar import, refer to this Agreement as a whole
                                         and not to any particular section, subsection or other subdivision unless expressly limited.
                                         All references to “$” shall be deemed references to United States Dollars.
                                         Titles appearing at the beginning of any section, subsection or other subdivision contained
                                         in this Agreement are for convenience only, do not constitute any part of this Agreement,
                                         and shall be disregarded in construing the language hereof. If an ambiguity, question
                                         of intent or question of interpretation arises, this Agreement must be construed as if
                                         drafted jointly by the parties hereto, and there must not be any presumption, inference
                                         or conclusion drawn against either party by virtue of the fact that its representatives
                                         have authored this Agreement or any of its terms.

 

		17.	Counterparts.
                                         This Agreement may be executed in counterparts, each of which shall be deemed an original,
                                         but all of which together shall be deemed to be one and the same agreement. A signed
                                         copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission
                                         shall be deemed to have the same legal effect as delivery of an original signed copy
                                         of this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	4	 

     

    

  

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first written above.

 

	 	By: 	/s/ Christopher Kelly
	 		Name: Christopher Kelly

 

[Kelly Signature Page to Note Purchase Agreement]

 

    	 	5	 

     

    

 

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

 

[HMNY Signature Page to Note Purchase Agreement]

 

    	 	6	 

     

    

 

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

 

[MoviePass Signature Page to Note Purchase Agreement]

 

    	 	7	 

     

    

 

SCHEDULE
A

 

List
of Transferred Notes

 

	Note
    Holder	 	Principal
    Amount	 	 	Interest
    Rate	 	Issuance Date
	Secured
    Promissory Note
	 
	Christopher
    Kelly	 	$	250,000.00	 	 	 	5.000%	 	05/26/16

 

	Note Holder	 	 	Principal Amount	 	 	Interest Rate	 	 	Issuance Date	 
	Subordinated Convertible Notes	 
	 	 
	Christopher Kelly	 	$	75,000.00	 	 	5.000%	 	 	10/05/16	 
	Christopher Kelly	 	$	75,000.00	 	 	5.000%	 	 	10/12/16	 
	Christopher Kelly	 	$	50,000.00	 	 	5.000%	 	 	10/21/16	 
	Christopher Kelly	 	$	50,000.00	 	 	5.000%	 	 	12/06/16	 
	Christopher Kelly	 	$	100,000.00	 	 	5.000%	 	 	1/17/17	 
	Christopher Kelly	 	$	50,000.00	 	 	5.000%	 	 	02/23/17	 
	Christopher Kelly	 	$	50,000.00	 	 	5.000%	 	 	03/02/17	 
	Christopher Kelly	 	$	300,000.00	 	 	5.000%	 	 	05/03/17	 

  

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00277-of-00352.parquet"}]]