Document:

Exhibit
10.2

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM
TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.

 

JOINDER
AGREEMENT

 

This
Joinder Agreement (this “Agreement”)
effective as of April 2, 2020 (the “Effective Date”) is made by FuboTV
Inc., a Delaware corporation (the “Additional Borrower”) and each of the Persons listed on Exhibit
A attached hereto (individually, an “Additional Guarantor”, and collectively, the “Additional
Guarantors” and together with the Additional Borrower, collectively, the “Joinder Parties” and each,
individually, a “Joinder Party”), in favor of FB LOAN SERIES I,
LLC (the “Purchaser”) in connection with that certain Note Purchase Agreement dated as of March
16, 2020 (as the same may be further amended, restated, supplemented, or replaced from time to time, the “Note Purchase
Agreement”), initially by and between, Purchaser and FaceBank Group, Inc.,
a Florida corporation (“FaceBank”), Evolution AI Corporation,
a Florida corporation (“Evolution”), Pulse Evolution Corporation,
a Nevada corporation (“Pulse”), and FUBOTV ACQUISITION CORP., a Delaware corporation (“Merger
Sub” and together with FaceBank, Evolution and Pulse, collectively, the “Borrower”), which, on the
Effective Date merged into and is survived by the Additional Borrower (the “Merger”), the sole equity holder
of the Additional Guarantors, pursuant to that certain Agreement and Plan of Merger and Reorganization, dated March 19, 2020 by
and among FaceBank, Merger Sub and FuboTV. Capitalized terms used, but not otherwise defined, in this Agreement shall have the
meanings ascribed to them in the Note Purchase Agreement.

 

WITNESSETH:

 

WHEREAS,
pursuant to Section 8.17(g) of the Note Purchase Agreement, the Borrower agreed, upon the date of the consummation of the Merger
to cause FuboTV to join the Note Purchase, become an issuer of the Notes and a Borrower under the Note Purchase Agreement and
assume all Obligations in connection therewith, and for each Subsidiary of Additional Borrower located in the United States to
join the Note Documents to guaranty the Obligations (the “Merger Date Joinder”);

 

WHEREAS,
each Joinder Party desires to effectuate the Merger Date Joinder and to execute and deliver to Purchaser such Note Documents as
Purchaser may require, including, without limitation: (a) this Agreement, (b) the Notes (including any amendments and restatements
thereof), (c) the Collateral Documents, (d) a guaranty agreement, in the form attached hereto as Exhibit B (the “Guaranty
Agreement”), and (e) such joinder acknowledgments and other instruments, agreements and documents as may be necessary
to confirm such Joinder Party’s Obligations under the Note Purchase Agreement, the Notes, and the other Note Documents,
as applicable, and to create in favor of Purchaser, a valid and perfected security interest (subject only to Permitted Liens)
in, and Lien on, the Collateral being provided by such Joinder Party; and

 

WHEREAS,
as a Borrower, the Additional Borrower will have all the rights and obligations, as a joint and several obligor, of a Borrower
under the Note Purchase Agreement, the Notes and the other Note Documents and, as a Guarantor (as defined in the Guaranty Agreement),
each Additional Guarantor will have all the rights and obligations as a Grantor under the Collateral Documents.

 

NOW,
THEREFORE, for and in consideration of the mutual covenants, conditions, stipulations and agreements set forth in the Note Purchase
Agreement and the other Note Documents, and other valuable consideration, the receipt of which is hereby acknowledged, the parties
hereby agree as follows, intending to be legally bound:

 

    	 

    	 

    

 

1.
The Additional Borrower hereby assumes, agrees that it is liable for, and promises to pay, perform, and observe, all of the terms,
restrictions, conditions and other Obligations of a Borrower under the Note Purchase Agreement, the Notes and the other Note Documents,
all as fully as though it were an original party thereto, and, by execution of this Agreement, is hereby designated a “Borrower”
for all purposes of, and hereby agrees to be bound by, as a joint and several obligor, each and all of the terms, restrictions,
conditions, and other Obligations of the Note Purchase Agreement, the Notes, and the other Note Documents. The Additional Borrower
will deliver to Purchaser such duly executed other Note Documents as Purchaser may reasonably request to confirm the Obligations
of the Additional Borrower under this Agreement and the other Note Documents and to perfect the security interests and other Liens
granted in the Collateral of the Additional Borrower. The Additional Borrower acknowledges and agrees that: (a) the Obligations
are valid, enforceable (except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws
affecting creditor’s rights generally) and existing Indebtedness payable by the Additional Borrower to Purchaser and (b)
as of the Effective Date, the Additional Borrower does not have any counterclaims, set-offs, offsets or defenses or any rights
of set-off, offsets, or defense of any kind or nature whatsoever with respect to the Obligations.

 

2.
Each Additional Guarantor hereby agrees to execute and deliver to Purchaser the Guaranty Agreement and become a Guarantor (as
defined therein). Each Additional Guarantor will deliver to Purchaser such duly executed other Note Documents as Purchaser may
reasonably request to confirm the Obligations of such Additional Guarantor under this Agreement and the other Note Documents and
to perfect the security interests and other Liens granted in the Collateral of such Additional Guarantor. Each Additional Guarantor
acknowledges and agrees that: (a) the Obligations are valid, enforceable (except as such enforceability may be limited by bankruptcy,
insolvency, reorganization or similar laws affecting creditor’s rights generally) and existing Indebtedness payable by such
Additional Guarantor to Purchaser and (b) as of the Effective Date, such Additional Guarantor does not have any counterclaims,
set-offs, offsets or defenses or any rights of set-off, offsets, or defense of any kind or nature whatsoever with respect to the
Obligations.

 

3.
Purchaser confirms that the Additional Borrower is a “Borrower” under the Note Purchase Agreement, the Notes, and
the other Note Documents and all of the rights and obligations of a Borrower under the Note Purchase Agreement, the Notes, and
the other Note Documents shall inure to and bind, as a joint and several obligor, the Additional Borrower.

 

4.
(a) The information set forth in Annex I attached hereto is hereby added to the information set forth in the disclosure
schedules to Note Purchase Agreement. The Joinder Parties represent and warrant that such information is true and correct in all
respects. (b) The information set forth in Annex II attached hereto is hereby added to the information set forth in the
disclosure schedules to the Collateral Documents, as applicable. The Joinder Parties represent and warrant that such information
is true and correct in all respects and that the Collateral set forth thereon shall be and become part of the Collateral referred
to in the Note Purchase Agreement and shall secure all Obligations.

 

5.
The parties hereto acknowledge and agree that this Agreement and the Guaranty Agreement shall constitute a “Note Document”
and that this Agreement may be attached to any applicable Note Document.

 

6.
As of the date hereof, each Joinder Party hereby (a) warrants and represents to Purchaser that each warranty and representation
applicable to each Joinder Party under the Note Purchase Agreement and the other Note Documents (other than with respect to representations
and warranties which specifically relate to a prior date) is true and correct in all material respects (except that such representations
and warranties shall not be further qualified by materiality where, by their respective terms, they are already qualified by reference
to materiality, including a Material Adverse Effect) and (b) further reaffirms all covenants in the Note Purchase Agreement and
other Note Documents.

 

    	-2-

    	 

    

 

7.
Incorporation by Reference. Sections 13.2 (Notices) , 13.3 (Successors and Assigns), 13.4 (Amendment and
Waiver), 13.7 (Governing Law) and 13.8 (Jurisdiction, Jury Trial Waiver, Etc.) of the Note Purchase Agreement
are hereby incorporated herein by reference, mutatis mutandis.

 

8.
Counterparts; Fax Signature. Facsimile or any other electronic transmission of any executed original document and/or retransmission
of any executed facsimile transmission shall be deemed to be the same as the delivery of an executed original. At the request
of any party hereto, the other parties hereto shall confirm facsimile or other electronic transmissions by executing duplicate
original documents and delivering the same to the requesting party or parties. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.

 

9.
Joinder Party Acknowledgments. Each Joinder Party hereby acknowledges that (a) it has been advised by counsel in the negotiation,
execution and delivery of this Agreement, and (b) each Joinder Party shall rely entirely upon its own judgment with respect to
its business, and any review, inspection or supervision of, or information supplied to, each Joinder Party by Purchaser is for
the protection of Purchaser and neither any Joinder Party nor any third party is entitled to rely thereon.

 

[Signature
Page Follows]

 

    	-3-

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the Effective Date, to be effective at all
times on and after the effective time of the Merger.

 

	 	FUBOTV INC.
	 	 	 
	 	By:	                        
	 	Name:	 
	 	Title:	 
	 	 	 
	 	SPORTS RIGHTS MANAGEMENT, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

[Joinder
Agreement]

 

    	 

    	 

    

 

Acknowledged
and Accepted as of the Effective Date to be effective at all times on and after the effective time of the Merger:

 

	FB LOAN SERIES I, LLC	 
	 	 	 
	By:	       	 
	Name:	 	 
	Title:	 	 

 

[Joinder
Agreement]

 

    	 

    	 

    

 

EXHIBIT
A

 

1.
Sports Rights Management, LLC, a Delaware limited liability company

 

    	 

    	 

    

 

EXHIBIT
B

 

GUARANTY
AGREEMENT

 

[See
Attached]

 

    	 

    	 

    

 

ANNEX I

 

ADDENDUM
TO NOTE PURCHASE AGREEMENT SCHEDULES

 

[See
Attached]

 

    	 

    	 

    

 

ADDENDUM
TO NOTE PURCHASE AGREEMENT SCHEDULES

 

    	 

    	 

    

 

Schedule
6.1

 

Foreign
Qualifications

 

	Entity
    Name	 	Jurisdiction
    of Organization	 	Other
    Jurisdictions Where Entity is Qualified to do Business
	fuboTV
    Inc.	 	Delaware	 	New
                                         York

         

	Sports
    Rights Management, LLC	 	Delaware	 	None.

 

    	 

    	 

    

 

Schedule
6.22

 

Potential
Conflicts of Interest

 

None.

 

    	 

    	 

    

 

Schedule
9.5

 

Investments

 

	1.	Investments
    by FaceBank Group Inc. in fuboTV Inc.
	 	 
	2.	Investments
    by fuboTV Inc. in Sports Rights Management, LLC
	 	 
	3.	Investments
    by fuboTV Inc. in Fubo TV Spain S.L.

 

    	 

    	 

    

 

Schedule
9.11

 

Transactions
With Affiliates

 

	1.	Credit
    and Guaranty Agreement, dated as of April 6, 2018, by and between AMC Networks Ventures LLC, as administrative agent and collateral
    agent, the lenders from time to time party thereto, fuboTV Inc. and certain subsidiaries of fuboTV Inc. from time to time
    party thereto as guarantors, as amended, restated, supplemented or otherwise modified from time to time, together with any
    documents or other agreements entered into in connection therewith.
	 	 
	2.	Binding
    Term Sheet between fuboTV Inc. and Viacom Media Network, a division of Viacom International, Inc.

 

    	 

    	 

    

 

Schedule
11.1(j)

 

Judgments

 

None.

 

    	 

    	 

    

 

ANNEX
II

 

ADDENDUM
TO COLLATERAL DOCUMENT SCHEDULES

 

[See
Attached]

 

    	 

    	 

    

 

ADDENDUM
TO SECURITY AGREEMENT SCHEDULES

 

Schedule
1.1

 

Excluded
Deposit Accounts

 

	Owner	 	Bank
    Name	 	Account
    Number	 	Account
    Purpose
	fuboTV
    Inc.	 	JP
Morgan Chase 70 Park Avenue, FL 42 New York, NY 10017
	 	[***]	 	[***]

 

    	 

    	 

    

 

Schedule
3.6

 

Filing
Jurisdictions, Collateral Locations

 

	Entity

        Name
	 	Names
                                         Used

        in
        Prior 5

        Years
	 	State
                                         of

        Organization
	 	Acquisitions
                                         in

        Prior
5 Years
	 	Headquarters
	 	Location
                                         of

        Collateral
        (other

        than
        HQs)
	 	FEIN

	fuboTV
    Inc.	 	fuboTV
    Inc.	 	Delaware	 	None	 	1330
    Avenue of the America, 7th Floor New York, NY 10019	 	N/A	 	[***]
	Sports
    Rights Management LLC	 	N/A	 	Delaware	 	None	 	1330
    Avenue of the America, 7th Floor New York, NY 10019	 	N/A	 	[***]

 

    	 

    	 

    

 

Schedule
3.8

 

Other
Collateral

 

Chattel
Paper

 

None.

 

Commercial
Tort Claims

 

None.

 

Instruments

 

None.

 

    	 

    	 

    

 

Schedule
3.9

 

Deposit
Accounts and Securities Accounts

 

	Owner	 	Bank
    Name	 	Account
    Number	 	Account
    Purpose
	fuboTV
    Inc.	 	JP
                                         Morgan Chase 70 Park Avenue, FL 42 New York, NY 10017

         
	 	[***]	 	Checking
	fuboTV
    Inc.	 	JP
                                         Morgan Chase 70 Park Avenue, FL 42 New York, NY 10017

         
	 	[***]	 	Checking
	fuboTV
    Inc.	 	JP
    Morgan Chase  70 Park Avenue, FL 42 New York, NY 10017	 	[***]	 	 Money
    Market

 

    	 

    	 

    

 

Schedule
3.10

 

Intellectual
Property

 

Trademark
Registrations

 

	Trademark	 	Owner	 	Registration
    Number	 	Registration
    Date
		 	fuboTV
    Inc. 	 	017035213

         
	 	December
    21, 2017
	FUBOTV
    (STANDARD CHARACTER MARK)	 	fuboTV
    Inc.	 	86-876,349	 	January
                                         15, 2016

         

		 	fuboTV
    Inc.	 	87-637,227	 	October
    6, 2017

 

Trademark
Applications

 

None.

 

Patent
Registrations

 

	Patent	 	Owner	 	Patent/Publication
    Number	 	Issue
    Date
	P440132.US.01
    SYSTEMS AND METH-ODS FOR ADAPTIVELY ENCODING VIDEO STREAM	 	fuboTV
    Inc.	 	10,440,367	 	10/08/2019
	P440135.US.01
    SYSTEMS AND METH-ODS FOR SECURELY GENERATING LIVE PREVIEWS	 	fuboTV
    Inc.	 	10,419,786	 	09/17/2019
	P440142.WO.01
    DISPLAY SCREEN OR PORTION THEREOF WITH ANIMATED GRAPHICAL USER INTER-FACE	 	fuboTV
    Inc.	 	DM/203087	 	03/22/2019
	P440132.EP.01
    SYSTEMS AND METH-ODS FOR VIDEO EN-CODING	 	fuboTV
    Inc.	 	3579565	 	12/11/2019
	P440135.EP.01
    SYSTEMS AND METH-ODS FOR SECURELY GENERATING LIVE PREVIEWS	 	fuboTV
    Inc.	 	3598771	 	01/22/2020
	P440135.US.02
    SYSTEMS AND METH-ODS FOR SECURELY GENERATING LIVE PREVIEWS	 	fuboTV
    Inc.	 	US-2020-0029104-A1	 	01/23/2020
	P440142.US.04
    SYSTEMS AND METHODS FOR DIS-PLAYING A LIVE VIDEO STREAM IN A GRAPHICAL USER INTER-FACE	 	fuboTV
    Inc.	 	CA3045125A1	 	08/13/2019

 

    	 

    	 

    

 

Patent
Applications

 

	Patent	 	Owner	 	Application
    Number	 	Filed
    Date
	P440132.US.01C
    SYSTEMS AND METHODS FOR ADAPTIVELY ENCODING VIDEO STREAM	 	fuboTV
    Inc.	 	16/577,481	 	09/20/2019
	P440135.CA.01
    SYSTEMS AND METH-ODS FOR SE-CURELY GENERATING LIVE PRE-VIEWS	 	fuboTV
    Inc.	 	3049591	 	07/12/2019
	P440139.EP.01
    SYSTEMS AND METH-ODS FOR GENERATING INDIVIDUAL-IZED PLAYLISTS	 	fuboTV
    Inc.	 	19198697.5	 	09/20/2019
	P440139.US.01
    SYSTEMS AND METH-ODS FOR GENERATING INDIVIDUAL-IZED PLAYLISTS	 	fuboTV
    Inc.	 	16/138,604	 	09/21/2018
	P440139.CA
    SYSTEMS AND METHODS FOR GENERATING INDIVIDUAL-IZED PLAYLISTS	 	fuboTV
    Inc.	 	3055711	 	09/17/2019
	P440142.US.03
    DISPLAY SCREEN OR PORTION THEREOF WITH GRAPH-ICAL USER INTERFACE	 	fuboTV
    Inc.	 	29/693,030	 	05/30/2019
	P440142.US.04
    SYSTEMS AND METHODS FOR DIS-PLAYING A LIVE VIDEO STREAM IN A GRAPHICAL USER INTER-FACE	 	fuboTV
    Inc.	 	16/580,920	 	09/24/2019
	P440142.WO.02
    SYSTEMS AND METH-ODS FOR DIS-PLAYING A LIVE VIDEO STREAM IN A GRAPHICAL USER INTER-FACE	 	fuboTV
    Inc.	 	PCT/US2019/052707	 	09/24/2019

 

Copyright
Registrations

 

None.

 

Copyright
Applications

 

None.

 

    	 

    	 

    

 

Schedule
3.12

 

Investment
Property, Partnership/LLC Interests, Capital Stock

 

Stock:
None.

 

Membership
Interests: 100% interest in Sports Rights Management, LLC, a Delaware limited liability company; FuboTV Spain S.L., a Spanish
limited company.

 

Partnership
Interest: None. 

 

    	 

    	 

    

 

Schedule
3.13

 

Government
Contracts

 

None.

 

    	 

    	 

    

 

Schedule
3.14

 

Vehicles

 

None.

 

    	 

    	 

    

 

Schedule 3.15

 

Pledged
Real Property

 

None.

 

    	 

    	 

    

 

ADDENDUM
TO TRADEMARK SECURITY AGREEMENT

 

    	 

    	 

    

 

SCHEDULE
I

 

Trademarks

 

Trademark
Registrations

 

	Trademark	 	Owner	 	Registration
    Number	 	Registration
    Date
		 	fuboTV
    Inc. 	 	017035213

         
	 	December
    21, 2017
	FUBOTV
    (STANDARD CHARACTER MARK)	 	fuboTV
    Inc.	 	86-876,349	 	January
                                         15, 2016

         

		 	fuboTV
    Inc.	 	87-637,227	 	October
    6, 2017

 

Trademark
Applications

 

None.Exhibit
10.3

 

Execution
Version

 

GUARANTY
AGREEMENT

 

THIS
GUARANTY AGREEMENT (as amended, restated, supplemented or otherwise modified from time to time, this “Guaranty”)
is effective as of April 2, 2020 and entered into by SPORTS RIGHTS MANAGEMENT, LLC, a Delaware limited liability company
(“SRM” and, together with any other Person joined hereto from time to time, collectively, the “Guarantors”,
and each individually a “Guarantor”), in consideration of the financial accommodations made by the Purchaser
(as defined below) to FACEBANK GROUP, INC., a Florida corporation (“FaceBank”), EVOLUTION AI CORPORATION,
a Florida corporation (“Evolution”), PULSE EVOLUTION CORPORATION, a Nevada corporation (“Pulse”),
and FUBOTV ACQUISITION CORP., a Delaware corporation (“Merger Sub” and together with FaceBank, Evolution
and Pulse, collectively, the “Borrower”) pursuant to that certain Note Purchase Agreement, dated as of March
19, 2020 (as amended, restated, supplemented or otherwise modified from time to time, the “Purchase Agreement”),
initially among the Borrower, FB LOAN SERIES I, LLC, a Delaware limited liability company, as purchaser (the “Purchaser”),
and the other Persons from time to time party thereto, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged. Capitalized terms used herein shall have the meanings ascribed thereto in the Purchase Agreement.

 

WHEREAS,
on the date hereof, Merger Sub merged into and is survived by FUBOTV INC., a Delaware corporation (the “Additional
Borrower”) and sole equity holder of SRM, pursuant to that certain Agreement and Plan of Merger and Reorganization,
dated March 19, 2020 by and among FaceBank, Merger Sub and FuboTV (the “Merger”);

 

WHEREAS,
pursuant to Section 8.17(g) of the Note Purchase Agreement, the Borrower agreed, upon the date of the consummation of the Merger
to cause FuboTV to join the Note Purchase, become an issuer of the Notes and Borrower under the Note Purchase Agreement and assume
all Obligations in connection therewith, and for each Subsidiary of FuboTV located in the United States to join the Note Documents
to guaranty the Obligations (the “Merger Date Joinder”);

 

WHEREAS,
SRM entered into that certain Joinder Agreement dated as of the date hereof (the “Joinder Agreement”), by and
among Additional Borrower, SRM and Purchaser, pursuant to which it agreed to effectuate the Merger Date Joinder by, among other
actions, executing and delivering this Guaranty.

 

NOW,
THEREFORE, for and in consideration of the mutual covenants, conditions, stipulations and agreements set forth in the Note Purchase
Agreement and the other Note Documents, and other valuable consideration, the receipt of which is hereby acknowledged, the parties
hereby agree as follows, intending to be legally bound:

 

1.
Guaranty of Obligations. The Guarantors hereby, jointly and severally, unconditionally guarantee, and become surety for,
the prompt payment and performance of all Obligations as defined under the Purchase Agreement, and all reasonable,
out-of-pocket costs and expenses of the Purchaser incurred in the documentation, negotiation, modification, enforcement,
collection and otherwise in connection with this Guaranty and each Note Document to which any Guarantor is party, including
reasonable and documented out-of-pocket attorneys’ fees and expenses (hereinafter referred to collectively as the
“Obligations”).

 

2.
Nature of Guaranty; Waivers.

 

(a) This
is a guaranty of payment and not of collection and Purchaser shall not be required or obligated, as a condition of any Guarantor’s
liability, to make any demand upon or to pursue any of its rights against Borrower, any other Guarantor, any other Person, or
to pursue any rights which may be available to it with respect to any other Person who may be liable for the payment of the Obligations.

 

    	 

     

    

 

(b) This
is an absolute, unconditional, irrevocable and continuing guaranty and will remain in full force and effect until all of the Obligations
have been paid in full (other than contingent indemnification obligations for which no claim has been made), or the Purchaser
has terminated this Guaranty. This Guaranty will remain in full force and effect even if there is no principal balance outstanding
under the Obligations at a particular time or from time to time. This Guaranty will not be affected by any surrender, exchange,
acceptance, compromise or release by Purchaser of any other Person, or any other guaranty or any security held by it for any of
the Obligations, by any failure of Purchaser to take any steps to perfect or maintain its Lien or security interest in or to preserve
its rights to any security or other collateral for any of the Obligations or any guaranty, or by any irregularity, unenforceability
or invalidity of any of the Obligations or any part thereof or any security or other guaranty thereof. The Guarantors’ obligations
hereunder shall not be affected, modified or impaired by any counterclaim, set-off, recoupment, deduction or defense based upon
any claim any Guarantor may have (directly or indirectly) against Borrower, Purchaser or any other Person, except payment of the
Obligations.

 

(c) Notice
of acceptance of this Guaranty, notice of extensions of credit to the Borrower from time to time, notice of default, diligence,
presentment, notice of dishonor, protest, demand for payment, and any defense based upon Purchaser’s failure to comply with
the notice requirements under any applicable law as in effect from time to time are hereby waived to the extent permitted by applicable
law. Each Guarantor waives, to the extent permitted by applicable law, all defenses based on suretyship or impairment of collateral.

 

(d) Purchaser
at any time and from time to time, without notice to or the consent of any Guarantor, and without impairing or releasing, discharging
or modifying the Guarantors’ liabilities hereunder, may (a) change the manner, place, time or terms of payment or performance
of or interest rates on, or other terms relating to, any of the Obligations; (b) renew, substitute, modify, amend or alter, or
grant consents or waivers relating to any of the Obligations, any other guaranties, or any security for any Obligations or guaranties;
(c) apply any and all payments by whomever paid or however realized including any proceeds of any collateral, to any Obligations
in such order, manner and amount as the Purchaser may determine in their sole discretion; (d) settle, compromise or deal with
any other person, including Borrower or any Guarantor, with respect to any Obligations in such manner as Purchaser deems appropriate
in their sole discretion; (e) substitute, exchange or release any security or guaranty; or (f) take such actions and exercise
such remedies hereunder as provided herein.

 

3. Repayments
or Recovery. If the incurrence or payment of the Obligations by Borrower, Guarantor or any other Person or the transfer to
Purchaser of any property should for any reason subsequently be declared to be void or voidable under any state or federal law
relating to creditors’ rights, including provisions of Title 11 of the Code relating to fraudulent conveyances, preferences,
or other voidable or recoverable payments of money or transfers of property (each, a “Voidable Transfer”),
and if Purchaser is required to repay or restore, in whole or in part, any such Voidable Transfer, or elects to do so upon the
reasonable advice of its counsel, then, as to any such Voidable Transfer, or the amount thereof that Purchaser is required or
elects to repay or restore, and as to all reasonable and documented costs, expenses, and out-of-pocket attorneys’ fees of
Purchaser related thereto, the liability of each Guarantor automatically shall be revived, reinstated, and restored and shall
exist as though such Voidable Transfer had never been made and any Liens held by Purchaser previously released or terminated with
respect to any Collateral shall be reinstated as of the date on which Purchaser repays or restores such Voidable Transfer. The
provisions of this section will be and remain effective notwithstanding any contrary action which may have been taken by any Guarantor
in reliance upon such payment, and any such contrary action so taken will be without prejudice to Purchaser’s rights hereunder
and will be deemed to have been conditioned upon the provisions of this Section 3.

 

    	- 2 -

     

    

 

4. Enforceability
of Obligations. To the extent permitted by applicable law, (a) no modification, limitation or discharge of the Obligations
arising out of or by virtue of any bankruptcy, reorganization or similar proceeding for relief of debtors under federal or state
law will affect, modify, limit or discharge any Guarantor’s liability in any manner whatsoever and this Guaranty will remain
and continue in full force and effect and will be enforceable against each Guarantor to the same extent and with the same force
and effect as if any such proceeding had not been instituted, (b) each Guarantor waives all rights and benefits which might accrue
to it by reason of any such proceeding and will be liable to the full extent hereunder, irrespective of any modification, limitation
or discharge of the liability of Borrower that may result from any such proceeding and (c) each Guarantor expressly waives the
effect of any statute of limitations or other limitations on any actions under this Guaranty.

 

5. Events
of Default. Upon the occurrence and during the continuance of any Event of Default, the Purchaser may (a) demand that the
Guarantors, jointly and severally, pay to Purchaser, all of the Obligations; and (b) exercise any or all of their rights and remedies
against any Guarantor, whether provided for hereunder, under any Note Document or under any applicable law, including the rights
of a secured party under the Uniform Commercial Code.

 

6. Collateral.
This Guaranty is secured pursuant to the terms of that certain Security Agreement, dated the March 19, 2020, by the Borrower in
favor of the Purchaser, as modified and supplemented by the Joinder Agreement, pursuant to which SRM joined such Security Agreement,
and any other security documents which any Guarantor executes and delivers to Purchaser and by such other collateral as previously
may have been or may in the future be granted to the Purchaser to secure any Obligations of the Guarantors or any of them.

 

7. Costs.
To the extent that Purchaser incurs any costs or expenses in protecting or enforcing its rights under the Obligations, this Guaranty,
the Purchase Agreement or any Note Document related hereto or thereto, including reasonable and documented out-of-pocket attorneys’
fees and the reasonable and documented costs and expenses of litigation, such costs and expenses will be due on demand, will be
included in the Obligations and will bear interest from the incurring or payment thereof at the highest default rate applicable
to the Obligations under the Purchase Agreement.

 

8. Postponement
of Subrogation. Until the Obligations are paid in full (other than contingent indemnification obligations for which no claim
has been made), expire, are terminated and are not subject to any right of revocation or rescission, each Guarantor postpones
and subordinates in favor of the Purchaser any and all rights which such Guarantor may have to (a) assert any claim whatsoever
against Borrower based on subrogation, exoneration, reimbursement, or indemnity or any right of recourse to security for the Obligations
with respect to payments made hereunder and (b) any realization on any property of Borrower, including participation in any marshalling
of Borrower’s assets.

 

9. Preservation
of Rights. No delay or omission on the Purchaser’s part to exercise any right or power arising hereunder will impair
any such right or power or be considered a waiver of any such right or power, nor will the Purchaser’s action or inaction
impair any such right or power. The Purchaser’s rights and remedies hereunder are cumulative and not exclusive of any other
rights or remedies which the Purchaser may have under any other agreements, at law or in equity. The Purchaser may proceed in
any order against Borrower, any Guarantor or any other obligor of, or collateral securing, the Obligations.

 

    	- 3 -

     

    

 

10. Illegality.
If any provision contained in this Guaranty should be invalid, illegal or unenforceable in any respect, it shall not affect or
impair the validity, legality and enforceability of the remaining provisions of this Guaranty.

 

11. Entire
Agreement. This Guaranty (including the documents and instruments referred to herein, including the Purchase Agreement and
the Note Documents) constitutes the entire agreement and supersedes all other prior agreements and understandings, both written
and oral, between the Guarantors and the Purchaser with respect to the subject matter hereof; provided, however, that this Guaranty
is in addition to, and not in substitution for, any other guarantees from any Guarantor to the Purchaser.

 

12. Indemnity.
Each Guarantor shall defend, protect, indemnify, pay and save harmless Purchaser and Affiliates and its officers, directors, agents,
employees, Subsidiaries, partners, members, attorneys, accountants and controlling persons (each an “Indemnified Party”)
to the fullest extent permitted by law to the same extent as if such Guarantor were a Borrower under the Purchase Agreement.

 

13. Incorporation
by Reference. Sections 13.2 (Notices) , 13.3 (Successors and Assigns), 13.4 (Amendment and Waiver), 13.7
(Governing Law) and 13.8 (Jurisdiction, Jury Trial Waiver, Etc.) of the Note Purchase Agreement are hereby incorporated
herein by reference, mutatis mutandis.

 

Each
Guarantor acknowledges that it has read and understood all the provisions of this Guaranty, including the waiver of jury trial
incorporated by reference herein, and has been advised by counsel as necessary or appropriate.

 

[Signature
Page Follows]

 

    	- 4 -

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Guaranty, as of the date first written above, with the intent to be legally
bound hereby.

  

	 	SPORTS RIGHTS MANAGEMENT, LLC, a

                                                                     Delaware limited liability company

	 	 	 
	 	By:	                             
	 	Name:	David
    Gandler
	 	Title:
    	CEO

 

[Signature
Page to Guaranty Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00308-of-00352.parquet"}]]