Document:

Exhibit
10.13

 

EXECUTION
VERSION

 

FIRST
AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of October 12, 2020 (the “Amendment Effective
Date”), among PALMER SQUARE BDC FUNDING I LLC (the “Borrower”), the Lenders party hereto, and BANK OF AMERICA,
N.A., as Administrative Agent (in such capacity, together with its successors and assigns, the “Administrative Agent”).

 

WHEREAS,
the Borrower, each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”)
and the Administrative Agent are party to the Credit Agreement, dated as of February 18, 2020 (as amended, restated, supplemented or
otherwise modified prior to the date hereof and from time to time, the “Credit Agreement”), providing, among other
things, for the creation of a revolving credit facility by the Lenders for the Borrower;

 

WHEREAS,
the Borrower, the Lenders and the Administrative Agent desire to amend and otherwise modify the Credit Agreement, in accordance with
Section 10.01 of the Credit Agreement and subject to the terms and conditions set forth herein;

 

NOW
THEREFORE, in consideration of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

ARTICLE
I

 

Definitions

 

SECTION
1.1.        Defined Terms. Terms used but not
defined herein have the respective meanings given to such terms in the Credit Agreement.

 

ARTICLE
II

 

Amendments to the Credit Agreement

 

SECTION
2.1.        As of the Amendment Effective Date, Schedule
2.01 to the Credit Agreement shall be amended by replacing references therein to “$200,000,000” with “$475,000,000”.

 

ARTICLE
III 

 

Representations
and Warranties

 

SECTION
3.1.        The Borrower hereby represents and warrants
to the Administrative Agent and the Lenders that, as of the Amendment Effective Date, (i) no Default or Event of Default has occurred
and is continuing and (ii) the representations and warranties of the Borrower contained in the Credit Agreement are true and correct
in all material respects on and as of the Amendment Effective Date (other than any representation and warranty that is made as of a specific
date).

 

SECTION
3.2.        The execution, delivery and performance
by the Borrower of this Amendment have been duly authorized by all necessary corporate or other organizational action, and do not and
will not (a) violate the terms of any of the Borrower’s Organization Documents; (b) result in any material breach or contravention
of, or the creation of any Lien (other than a Permitted Lien) under, or require any material payment to be made under (i) any Contractual
Obligation to which the Borrower is a party or affecting the Borrower or the properties of the Borrower or (ii) any order, injunction,
writ or decree of any Governmental Authority or any arbitral award to which the Borrower or its property is subject; or (c) violate
in any material respect any Applicable Law.

 

     

     

    

 

ARTICLE
IV

 

Conditions Precedent

 

SECTION
4.1.        This Amendment shall become effective
as of the Amendment Effective Date upon the execution and delivery of this Amendment by the Lenders, the Administrative Agent and the
Borrower.

 

ARTICLE
V

 

Miscellaneous

 

SECTION
5.1.        Governing Law. THIS AMENDMENT AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAW OF THE STATE OF NEW YORK.

 

SECTION
5.2.        Severability Clause. In case any
provision in this Amendment shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

 

SECTION
5.3.        Ratification; No Novation. Except
as expressly amended hereby, the Credit Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions
thereof shall remain in full force and effect. This Amendment shall form a part of the Credit Agreement for all purposes. It is the intent
of the parties hereto, and the parties hereto agree, that this Amendment shall not constitute a novation of the Credit Agreement, any
other Loan Document or any of the rights, obligations or liabilities thereunder.

 

SECTION
5.4.        Counterparts. The parties hereto
may sign one or more copies of this Amendment in counterparts, all of which together shall constitute one and the same agreement. Delivery
of an executed signature page of this Amendment by facsimile or email transmission shall be effective as delivery of a manually executed
counterpart hereof.

 

SECTION
5.5.        Headings. The headings of the Articles
and Sections in this Amendment are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation
of any provisions hereof.

 

[Signature
Pages Follow]

 

    2

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the Amendment Effective Date.

 

	 	PALMER SQUARE BDC FUNDING I LLC, as

    Borrower
	 	 
	 	By:	/s/ Scott A. Betz
	 	Name:	Scott A. Betz
	 	Title: 	COO & CCO

 

First Amendment to Credit Agreement

 

    3

     

    

 

	 	BANK OF AMERICA, N.A., as Administrative

 Agent
	 	 
	 	By:	/s/ Josh Danziger
	 	Name:	Josh Danziger 
	 	Title:	Director

 

First Amendment to Credit Agreement

 

    4

     

    

 

	 	bank of america, n.a., as a Lender
	 	 
	 	By:	/s/ Josh Danziger
	 	Name: 	Josh Danziger
	 	Title: 	Director

 

First Amendment to Credit Agreement

 

5Exhibit
10.1

 

Amendment
No. 2 to the Promissory Note

 

Issued on March 11, 2021

 

This
Amendment No. 2 to the Note (as defined below) (this “Amendment”), dated as of March 8, 2022 (the “Amendment Date”),
is entered into by and between Clubhouse Media Group, Inc., a Nevada corporation (the “Company”) and Labrys Fund, LP, a Delaware
limited partnership (“Holder”). The Company and Holder may be referred to herein individually as a “Party” and
collectively as the “Parties.”

 

WHEREAS,
the Holder is the holder of that certain promissory note originally issued by the Company on March 11, 2021, in the original principal
amount of $1,000,000.00 (as amended from time to time, the “Note”), and the Parties now wish to amend the Note as set forth
herein;

 

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

 

	 	1.	Defined
    terms used herein without definition shall have the meaning given to them in the Note.
	 	 	 
	 	2.	Subject
    to the provisions herein, the Note is hereby amended as follows:

 

	 	 	(a)	The
    “Maturity Date” of the Note is hereby amended to be November 11, 2022, and any references in the Note to the “Maturity
    Date” shall hereafter be deemed a reference to such date.
	 	 	 	 
	 	 	(b)	As
    consideration for Holder’s agreement to extend the Maturity Date, as of the Amendment Date, the Principal Amount of the Note
    is hereby increased by $116,800.00, to a total Principal Amount of $700,877.67.
	 	 	 	 
	 	 	(c)	The
    Parties acknowledge and agree that, following the Amendment Date, the interest rate applicable to the Principal Amount (as amended
    herein) shall continue to be ten percent (10%).
	 	 	 	 
	 	 	(d)	The
    following is hereby added to Section 1.10 of the Note:

 

(f)
Notwithstanding the foregoing, to the extent the Note has not been earlier repaid or converted to Common Stock as set forth herein, in
the event that the Company completes a firm commitment underwritten public offering of the Common Stock following March 8, 2022, which
results in the Common Stock being successfully listed for on the NASDAQ Global Market, Nasdaq Capital Market, the NYSE or the NYSE American
(the “IPO”) prior to the Maturity Date, then, within two Business Days of the receipt of proceeds by the Company from the
IPO, the Company shall pay such proceeds to the Holder until the then-outstanding balance of the Note has been repaid in full.

 

    	1

     

    

 

	 	3.	Other
    than as amended herein, the Note shall remain in full force and effect.
	 	 	 
	 	4.	Section
    4.6 of the Note shall apply with respect to this Amendment.
	 	 	 
	 	5.	This
    Amendment may be executed in multiple counterparts, each of which shall be deemed an original and all of which taken together shall
    be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature
    complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and any counterpart so delivered
    shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signature
Page Follows}

 

    	2

     

    

 

IN
WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the date first above written.

 

	 	Clubhouse
    Media Group, Inc.
	 	 	 
	 	By:
    	/s/
    Amir Ben-Yohanan
	 	Name:
    	Amir
    Ben-Yohanan
	 

                                                         
	Title:
    	Chief
    Executive Officer
	 	 	 
	 	Labrys
    Fund, LP
	 	 	 
	 	By:
    	/s/
    Thomas Silverman
	 	Name:
    	Thomas
    Silverman
	 	Title:
    	Managing
    Member

 

    	3Exhibit 10.5
​
908 Devices Inc.
​
Amended and Restated
Non-Employee Director Compensation Policy
​
The purpose of this Non-Employee Director Compensation Policy (the “Policy”) of 908 Devices Inc. (the “Company”) is to provide a total compensation package that enables the Company to attract and retain, on a long-term basis, high-caliber directors who are not employees or officers of the Company or its subsidiaries (“non-employee directors”).  In furtherance of the purpose stated above, all non-employee directors shall be paid compensation for services provided to the Company as set forth below:
Cash Retainers
Annual Retainer for Board Membership:   $40,000 for general availability and participation in meetings and conference calls of our Board of Directors, to be paid quarterly in arrears, pro-rated based on the number of actual days served by the director during such calendar quarter.  No additional compensation will be paid for attending individual meetings of the Board of Directors.
Additional Annual Retainer for Non-Executive Chair:  $40,000
Additional Annual Retainers for Committee Membership:
Audit Committee Chair:$20,000
Audit Committee member:$10,000
Compensation Committee Chair:$20,000
Compensation Committee member:$10,000
Nominating and Corporate Governance Committee Chair:$15,000
Nominating and Corporate Governance Committee member:$7,500
Chair and committee member retainers are in addition to retainers for members of the Board of Directors.  No additional compensation will be paid for attending individual committee meetings of the Board of Directors.

Equity Retainers
Initial Award: An initial, one-time equity award (the “Initial Award”), representing $200,000 of value on the grant date, will be granted to each new non-employee director upon his or her election to the Board of Directors, with 50% of the value allocated to Restricted Stock Unit awards (“RSUs”), and 50% of the value allocated to Non-Qualified Stock Option awards (“NQSOs”).  
The number of RSUs issued shall be calculated by dividing $100,000 by the closing market price on the NASDAQ Global Market (or such other market on which the Company’s common stock is then principally listed) of a share of the Company’s common stock on the effective date of grant, and rounding up to the next whole number of shares.  
The number of NQSOs granted shall be calculated by dividing $100,000 by the fair value calculated under ASC Topic 718 (i.e., Black-Scholes Value) of an option to purchase a share of the Company’s common stock on the effective date of grant, and rounding up to the next whole number of shares.  The NQSOs subject to the Initial Award shall expire ten years from the date of grant and the exercise price per share of such NQSOs shall be the closing market price on the NASDAQ Global Market (or such other market on which the Company’s common stock is then principally listed) of a share of the Company’s common stock on the effective date of grant.  
The RSUs shall vest annually over three (3) years from the director commencement date, with pro rata vesting upon termination of service for any reason, and the NQSOs shall vest monthly over three (3) years from the director commencement date.
Annual Award:  On or about the date of each Annual Meeting of Stockholders of the Company (the “Annual Meeting”), each continuing non-employee director, other than a director who joined the Board of Directors and received an Initial Award within 90 days of such Annual Meeting, will receive an annual equity award (the “Annual Award”), representing $135,000 of value on the grant date, with 50% of the value allocated to RSUs, and 50% of the value allocated to NQSOs.  
The number of RSUs issued shall be calculated by dividing $67,500 by the closing market price on the NASDAQ Global Market (or such other market on which the Company’s common stock is then principally listed) of a share of the Company’s common stock on the effective date of grant, and rounding up to the next whole number of shares.  
The number of NQSOs granted shall be calculated by dividing $67,500 by the fair value calculated under ASC Topic 718 (i.e., Black-Scholes Value) of an option to purchase a share of the Company’s common stock on the effective date of grant, and rounding up to the next whole number of shares.  The NQSOs subject to the Annual Award shall expire ten years from the date of grant and the exercise price per share of such NQSOs shall be the closing market price on the NASDAQ Global Market (or such other market on which the Company’s common stock is then principally listed) of a share of the Company’s common stock on the effective date of grant.  
The RSUs shall vest in full at the one year anniversary of the Annual Meeting, or the day prior to the next Annual Meeting, whichever is first to occur, with pro rata vesting upon termination of service for any reason, and the NQSOs shall vest monthly over one (1) year from the date of the Annual Meeting.

Sale Event Acceleration:   All outstanding Initial Awards and Annual Awards held by a non-employee director shall become fully vested and exercisable upon a Sale Event (as defined in the Company’s 2020 Stock Option and Incentive Plan).
Expenses
The Company will reimburse all reasonable out-of-pocket expenses incurred by non-employee directors in attending meetings of the Board of Directors or any committee thereof.
Effective as of January 1, 2022.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}]]