SEC Contract Filing

Filing Date: 2023-01-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ea171821ex10-4_akernacorp.htm
<DESCRIPTION>CONSENT AND AGREEMENT
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CONSENT AND AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">This CONSENT
AND AGREEMENT (the &ldquo;<B>Consent</B>&rdquo;) is made on January 11, 2023 (the &ldquo;<B>Effective Date</B>&rdquo;), by and between the
undersigned investor (the &ldquo;<B>Holder</B>&rdquo;) and Akerna Corp., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">RECITALS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, the
Company is party to that certain Securities Purchase Agreement, dated as of October 5, 2021 (as amended, restated, extended, replaced
or otherwise modified from time to time, the &ldquo;<B>Securities Purchase Agreement</B>&rdquo;), by and among the Company, the Holder and
the other investors party thereto (the &ldquo;<B>Other Holders</B>&rdquo;, and together with the Holder, the &ldquo;<B>Holders</B>&rdquo;)
and HT Investments MA LLC, in its capacity as collateral agent to the Holders (the &ldquo;<B>Collateral Agent</B>&rdquo;), pursuant to which
the Company sold certain senior secured convertible notes (the &ldquo;<B>Notes</B>&rdquo;) to the Holders (capitalized terms not defined
herein shall have the meaning as set forth in the Securities Purchase Agreement);</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, as
security for the repayment of the Company&rsquo;s obligations under the Notes, the Company and certain subsidiaries of the Company (the &ldquo;<B>Material
Subsidiaries</B>&rdquo;), including, without limitation, The NAV People, Inc. (&ldquo;<B>NAV People</B>&rdquo;), entered into that certain
Amended and Restated Security and Pledge Agreement dated as of October 5, 2021 (the &ldquo;<B>Security Agreement</B>&rdquo;), pursuant to
which, among other things, the Company granted the Collateral Agent, in its capacity as collateral agent to the Holders, a first priority
security interest on substantially all of the assets of the Company and its Material Subsidiaries, including, without limitation, a pledge
by the Company of all of the outstanding shares (the &ldquo;<B>NAV Shares</B>) of common stock of NAV People and a pledge by NAV People
of 65% of the issued and outstanding shares of its wholly-owned subsidiary 365 Dynamics People Software and Services Ltd., a British Columbia
corporation (the &ldquo;<B>365DP Shares</B>&rdquo;);</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, as
a further inducement to the Holders purchasing the Notes, NAV People was one of certain grantors (other than the Company) that executed
and delivered an Amended and Restated Guaranty, dated October 5, 2021 (the &ldquo;<B>Guaranty</B>&rdquo;) guaranteeing the payment of the
Company&rsquo;s obligations under the Notes and entered into an Intellectual Property Security Agreement, dated October 5, 2021 (the &ldquo;<B>IP
Agreement</B>&rdquo;) granting the Collateral Agent a security interest in the intellectual property collateral of NAV People on the terms
set forth in the IP Agreement;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, the
Company desires to enter into that certain Stock Purchase Agreement (&ldquo;<B>SPA</B>&rdquo;) by and between the Company and 365 Holdco
LLC (&ldquo;<B>365</B>&rdquo;), to be dated on or about the date hereof, in the form attached hereto as <B>E<U>xhibit A</U></B><U>,</U>
under which the Company will sell to 365 all of the issued and outstanding NAV Shares (the &ldquo;<B>Sale Transaction</B>&rdquo;);</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, the
Sale Transaction will release the Company from certain earn-out payments and other financial obligations owed to the principals of 365
and the Company will receive up to $500,000 in cash from the Sale Transaction;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 35.95pt">WHEREAS,
in order to induce 365 to enter into the SPA and consummate the