<SEC-DOCUMENT>0001104659-23-107667.txt : 20231010
<SEC-HEADER>0001104659-23-107667.hdr.sgml : 20231010
<ACCEPTANCE-DATETIME>20231006202201
ACCESSION NUMBER: 0001104659-23-107667
CONFORMED SUBMISSION TYPE: 425
PUBLIC DOCUMENT COUNT: 3
FILED AS OF DATE: 20231010
DATE AS OF CHANGE: 20231006
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Maquia Capital Acquisition Corp
CENTRAL INDEX KEY: 0001844419
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 854283150
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 425
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40380
FILM NUMBER: 231315276
BUSINESS ADDRESS:
STREET 1: MAQUIA CAPITAL ACQUISITION CORPORATION
STREET 2: 50 BISCAYNE BOULEVARD, SUITE 2406
CITY: MIAMI
STATE: FL
ZIP: 33132
BUSINESS PHONE: 3056081395
MAIL ADDRESS:
STREET 1: MAQUIA CAPITAL ACQUISITION CORPORATION
STREET 2: 50 BISCAYNE BOULEVARD, SUITE 2406
CITY: MIAMI
STATE: FL
ZIP: 33132
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Maquia Capital Acquisition Corp
CENTRAL INDEX KEY: 0001844419
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 854283150
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 425
BUSINESS ADDRESS:
STREET 1: MAQUIA CAPITAL ACQUISITION CORPORATION
STREET 2: 50 BISCAYNE BOULEVARD, SUITE 2406
CITY: MIAMI
STATE: FL
ZIP: 33132
BUSINESS PHONE: 3056081395
MAIL ADDRESS:
STREET 1: MAQUIA CAPITAL ACQUISITION CORPORATION
STREET 2: 50 BISCAYNE BOULEVARD, SUITE 2406
CITY: MIAMI
STATE: FL
ZIP: 33132
</SEC-HEADER>
<DOCUMENT>
<TYPE>425
<SEQUENCE>1
<FILENAME>tm2328006d1_8k.htm
<DESCRIPTION>425
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>October 4, 2023</B>  </P>
<P STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt"><B>Maquia Capital Acquisition Corporation</B></FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="border-bottom: Black 1pt solid; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Delaware </B></FONT></TD>
<TD STYLE="padding-bottom: 1pt; width: 2%"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>001-40380</B></FONT></TD>
<TD STYLE="padding-bottom: 1pt; width: 2%"> </TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 32%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>85-4283150</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
<TD> </TD>
<TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Commission<BR>
File Number)</FONT></TD>
<TD> </TD>
<TD STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(IRS Employer<BR>
Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>50 Biscayne Boulevard, Suite 2406</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Miami, FL 33132</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices, including
zip code)</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant’s telephone number, including
area code: <B>(305) 608-1395</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B><BR>
(Former name or former address, if changed since last report)</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
<TD STYLE="width: 95%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Wingdings">¨</FONT></TD>
<TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Wingdings">¨</FONT></TD>
<TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Wingdings">¨</FONT></TD>
<TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities registered pursuant to Section 12(b) of
the Act:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; background-color: White; padding-bottom: 1pt; width: 36%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Title of each class</B></FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; background-color: White; width: 16%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Trading
Symbol</B></FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; background-color: White; padding-bottom: 1pt; width: 48%; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Name of each exchange on
which registered</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MAQCU</FONT></TD>
<TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The Nasdaq Stock Market LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
<TD STYLE="border-left: Black 1pt solid; background-color: White; text-align: left"> </TD>
<TD STYLE="border-left: Black 1pt solid; background-color: White; text-align: left"> </TD>
<TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: White; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Class A Common Stock, par value $0.0001 per share</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MAQCU</FONT></TD>
<TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The Nasdaq Stock Market LLC</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
<TD STYLE="border-left: Black 1pt solid; background-color: White; text-align: left"> </TD>
<TD STYLE="border-left: Black 1pt solid; background-color: White; text-align: left"> </TD>
<TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; background-color: White; text-align: left"> </TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCEEFF">
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Redeemable warrants, each whole warrant exercisable for one share of Class A Common Stock for $11.50 per share</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">MAQCU</FONT></TD>
<TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 0.125in; background-color: White; text-align: left"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The Nasdaq Stock Market LLC</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the
registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Emerging growth company <FONT STYLE="font-family: Wingdings">x</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #211D1E">If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings">¨</FONT></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Amendment No. 1 to the Business Combination Agreement</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">As previously
reported, on August 8, 2023, Maquia Capital Acquisition Corporation, a Delaware corporation (“<FONT STYLE="text-decoration: underline">Maquia</FONT>” or “<FONT STYLE="text-decoration: underline">SPAC</FONT>”),
Maquia Merger Sub, Inc., a Delaware corporation and wholly owned direct subsidiary of SPAC (“<FONT STYLE="text-decoration: underline">Merger Sub</FONT>”), and Immersed
Inc., a Delaware corporation (“<FONT STYLE="text-decoration: underline">Immersed</FONT>” or the “<FONT STYLE="text-decoration: underline">Company</FONT>”), entered into a business combination
agreement (the “<FONT STYLE="text-decoration: underline">Business Combination Agreement</FONT>”), pursuant to which Maquia and Immersed agreed to combine (the “<FONT STYLE="text-decoration: underline">Business
Combination</FONT>”). Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings
given to them in the Business Combination Agreement. On October 4, 2023, Maquia, the Company and Merger Sub entered into Amendment No.
1 to the Business Combination Agreement (the “<FONT STYLE="text-decoration: underline">Amended BCA</FONT>”) to amend the following terms:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Outside Date Extension. </I>The Amended BCA extends the
date after which either Maquia or Immersed may terminate the Business Combination Agreement from February 7, 2024 to March 7, 2024.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: -58.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Minimum Cash Condition. </I>The
Amended BCA adds a closing condition in favor of Immersed pursuant to which the available cash at Closing shall be equal to or greater
than $25,000,000; provided, that, if the available cash at Closing is equal to $21,900,000, such condition (unless waived) may be satisfied
if Sponsor forfeits and surrenders to the SPAC for cancellation 310,000 shares of SPAC Class A Common Stock; provided, further, that the
share cancellation is subject to proportionate reduction to the extent the available cash exceeds $21,900,000 but is less than $25,000,000.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: -58.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Stock Incentive Plan. </I>The Amended
BCA adds a provision that the Stock Incentive Plan shall provide for an initial aggregate share reserve thereunder equal to 11.7% of the
number of shares of New SPAC Common Stock outstanding on a pre-diluted basis at the Closing.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: -58.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Company Stockholders’ Earnout.
</I>The Amended BCA provides that in addition to the consideration to be received pursuant to the Business Combination Agreement, if,
on the date that is nine (9) months after the Closing Date, a number equal to at least 65% of the persons that were employees of the Company
as of the Closing Date continue to be employees of the Company (the “<FONT STYLE="text-decoration: underline">Earnout Target</FONT>”), then following the achievement
of the Earnout Target, the stockholders of the Company as of immediately prior to the Closing (the “<FONT STYLE="text-decoration: underline">Earnout Recipients</FONT>”),
shall receive and the SPAC shall issue an aggregate of 4,000,000 shares of New SPAC Common Stock (the “<FONT STYLE="text-decoration: underline">Earnout Shares</FONT>”)
which such Earnout Shares shall be allocated among the Earnout Recipients in accordance with, and pursuant to, the Payment Spreadsheet.
For the avoidance of doubt, the number of employees of the Company as of the Closing shall mean the greater of: (i) twenty (20) full-time
employees, and (ii) the number of full-time employees at Closing.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: -58.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">No other material
changes were made to the Business Combination Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">The foregoing description
of the Amended BCA does not purport to be complete and is qualified in its entirety by reference to the Amended BCA, a copy of which is
filed herewith as Exhibit 2.1 and is incorporated herein by reference thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: -58.5pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: -58.5pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: -58.5pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Amendment No. 1 to the Sponsor Support Agreement</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">Concurrently
with the execution and delivery of the Business Combination Agreement, SPAC, the Company, and the Sponsor and the directors and officers
of SPAC (the “<FONT STYLE="text-decoration: underline">Sponsor Parties</FONT>”) entered into a sponsor support agreement (the “<FONT STYLE="text-decoration: underline">Sponsor Support Agreement</FONT>”),
pursuant to which, among other things, the Sponsor Parties agreed to (i) vote their shares of SPAC Common Stock in favor of the Business
Combination Agreement and the Transactions and to not effect any sale or distribution of any equity securities of the Company held by
any of them until the Closing Date or the earlier termination of the Business Combination Agreement; (ii) waive any anti-dilution provisions
for the SPAC Class B Common Stock as set forth in the SPAC Organizational Documents; (iii) waive their redemption rights in connection
with the Transactions; and (iv) subject 1,362,000 of its shares of New SPAC Common Stock to be received pursuant to the Merger to an earn-out
(the “<FONT STYLE="text-decoration: underline">Earn-Out</FONT>”). On October 4, 2023, SPAC, the Company and the Sponsor Parties entered into Amendment No. 1 to the
Sponsor Support Agreement (the “<FONT STYLE="text-decoration: underline">Amended SSA</FONT>”).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">  </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">Pursuant
to the Amended SSA, as of the Effective Time, in lieu of the Earn-Out:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD STYLE="text-align: justify">Sponsor shall forfeit and surrender to SPAC for cancellation
1,507,000 shares of SPAC Class A Common Stock (such forfeited shares of SPAC Class A Common Stock, the “<FONT STYLE="text-decoration: underline">Forfeited Sponsor Shares</FONT>”)
for no consideration; and</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">·</FONT></TD><TD STYLE="text-align: justify; padding-right: 19.25pt">Sponsor shall (i) forfeit and surrender to SPAC for cancellation 291,872 Private
Placement Warrants (the “<FONT STYLE="text-decoration: underline">Forfeited/Transferred Sponsor Warrants</FONT>”) or (ii) transfer and assign all of its right, title
and interest in the Forfeited/Transferred Sponsor Warrants to the stockholders of the Company, which shall be allocated to, and among
the stockholders of the Company pursuant to, and in accordance with, the Payment Spreadsheet. If the Forfeited/Transferred Sponsor Warrants
are (A) forfeited by Sponsor pursuant to (i) above, the Forfeited Sponsor Shares shall be cancelled and forfeited for no consideration
and shall cease to exist and SPAC shall issue 291,872 Private Placement Warrants to the stockholders of the Company in accordance with,
the Payment Spreadsheet or (B) transferred by Sponsor pursuant to (ii) above.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Available
Cash Forfeited Sponsor Shares. </I> Pursuant to the Amended SSA, Sponsor agreed that should available cash at Closing be equal to $21,900,000,
the minimum cash condition (unless waived) under the Business Combination Agreement may be satisfied if the Sponsor shall forfeit and
surrender to the SPAC for cancellation 310,000 shares of SPAC Class A; provided, however, that the share cancellation is subject to proportionate
reduction to the extent the available cash exceeds of $21,900,000 but is less than $25,000,000.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I> </I></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><I>Backstop
Agreement. </I>The Amended SSA provides that Sponsor and SPAC may enter into a backstop agreement with third party (the “<FONT STYLE="text-decoration: underline">Backstop
Provider</FONT>”), in form and substance satisfactory to the Company (including with respect to the Backstop Provider), pursuant to
which the Backstop Provider shall, in a manner compliant with all applicable laws, rules and regulations, (i) purchase shares of SPAC
Class A Common Stock in aggregate amount of $11,900,000 prior to the SPAC Stockholders’ Meeting and (ii) not redeem such shares
pursuant to the SPAC Redemption Rights (the “<FONT STYLE="text-decoration: underline">Backstop</FONT>”). In connection with the Backstop, the Company shall issue to
the Backstop Provider an aggregate of 650,000 shares of New SPAC Common Stock, which such shares shall be allocated from the Forfeited
Sponsor Shares.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify">No
other material changes were made to the Sponsor Support Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The foregoing description of the Amended SSA does not purport
to be complete and is qualified in its entirety by reference to the Amended SSA, a copy of which is filed as Exhibit 10.1 hereto and is
incorporated herein by reference thereto.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">Additional Information and Where
to Find It</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">In connection
with the Business Combination, Maquia intends to file with the U.S. Securities and Exchange Commission (the “<FONT STYLE="text-decoration: underline">SEC</FONT>”)
a registration statement on Form S-4 (the “<FONT STYLE="text-decoration: underline">Registration Statement</FONT>”), which will include a preliminary proxy statement/prospectus
of Maquia and consent solicitation statement of Immersed, in connection with the Business Combination and related matters. After the Registration
Statement is declared effective, Maquia and Immersed will mail a definitive proxy statement/prospectus and other relevant documents to
their respective stockholders. This Current Report on Form 8-K does not contain any information that should be considered by Maquia’s
or Immersed’s stockholders concerning the transaction and is not intended to constitute the basis of any voting or investment decision
in respect of the transaction or the securities of Maquia. Maquia's and Immersed’s stockholders and other interested persons are
advised to read, when available, the preliminary proxy statement/prospectus/consent solicitation statement, and amendments thereto, and
definitive proxy statement/prospectus/consent solicitation statement in connection with Maquia's and Immersed solicitation of proxies
for their stockholders' meetings to be held to approve the Business Combination and related matters because the proxy statement/prospectus/consent
solicitation statement will contain important information about Maquia and Immersed and the proposed Business Combination.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">The definitive
proxy statement/prospectus/consent solicitation statement will be mailed to stockholders of Maquia and Immersed as of a record date to
be established for voting on the proposed Business Combination and related matters. Stockholders may obtain copies of the registration
statement, proxy statement/prospectus/consent solicitation statement and all other relevant documents filed or that will be filed with
the SEC by Immersed and Maquia, when available, without charge, at the SEC's website at www.sec.gov or by directing a request to: Maquia
Capital Acquisition Corp., at https://maquiacapital.com/ or a written request to: Jeronimo Peralta, Chief Financial Officer, 50 Biscayne
Boulevard, Suite 2406, Miami, FL 33132.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">No Offer or Solicitation</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">This Current
Report on Form 8-K is for informational purposes only and shall not constitute a proxy statement or solicitation of a proxy, consent or
authorization with respect to any securities or in respect of the proposed transaction, neither is it intended to nor does it not constitute
an offer to sell or purchase, nor a solicitation of an offer to sell, buy or subscribe for any securities, nor is it a solicitation of
any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities
in any jurisdiction in contravention of applicable law. No offer of securities shall be deemed to be made except by means of a prospectus
meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom.</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Participants in Solicitation</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">This Current
Report on Form 8-K is not a solicitation of a proxy from any investor or securityholder. Maquia, Maquia Investments North America LLC
(Maquia's Sponsor), Immersed and their respective directors, officers and other members of their management and employees may be deemed
to be participants in the solicitation of proxies from Maquia's stockholders with respect to the proposed Business Combination and related
matters. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of the directors
and officers of Maquia or Immersed in the proxy statement/prospectus/consent solicitation statement relating to the proposed Business
Combination when it is filed with the SEC. These documents may be obtained free of charge from the sources indicated above.</P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Cautionary Statement Regarding Forward-Looking Statements</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">Certain
statements in this Current Report on Form 8-K are "forward-looking statements" within the meaning of the "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this Current Report on Form 8-K, words
such as "may", "should", "expect", "intend", "will", "estimate", "anticipate",
"believe", "predict", "potential" or "continue", or variations of these words or similar expressions
(or the negative versions of such words or expressions) are intended to identify forward-looking statements. All statements other than
statements of historical fact contained in this Current Report on Form 8-K, including statements regarding the proposed Business Combination,
are forward-looking statements.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in">These forward-looking
statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the
inability of the parties to complete the transactions contemplated by the definitive agreement relating to the Business Combination in
a timely manner or at all; the risk that the Business Combination may not be completed by Maquia's initial business combination deadline
and the potential failure to obtain an extension of the business combination deadline if sought by Maquia; the outcome of any legal proceedings
that may be instituted against Maquia or Immersed, the post-combination company or others following the announcement of the Business Combination
and any definitive agreements with respect thereto; the inability to satisfy the conditions to the consummation of the Business Combination,
including the approval of the Business Combination by the stockholders of Maquia; the occurrence of any event, change or other circumstance
that could give rise to the termination of the definitive agreement relating to the Business Combination; costs related to the proposed
transaction; actual or potential conflicts of interest of Maquia’s management with its public stockholders; changes to the proposed
structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition
to obtaining regulatory approval of the Business Combination; the ability to meet stock exchange listing standards following the consummation
of the Business Combination; the effect of the announcement or pendency of the Business Combination on Immersed's business relationships,
operating results, current plans and operations of Immersed; the ability to recognize the anticipated benefits of the Business Combination,
which may be affected by, among other things, competition, the ability of the post-combination company to grow and manage growth profitably,
maintain relationships with customers and suppliers and retain its management and key employees; changes in applicable laws or regulations;
the possibility that Maquia, Immersed or the post-combination company may be adversely affected by other economic, business, and/or competitive
factors; Maquia's or Immersed's estimates of expenses and profitability; expectations with respect to future operating and financial performance
and growth, including the timing of the completion of the proposed Business Combination; Maquia’s and Immersed's ability to execute
on their business plans and strategy; the risk that the price of Macquia’s or the post-combination company’s securities may
be volatile due to a variety of factors, including macro-economic and social environments affecting the post-combination company’s
business and changes in the combined capital structure; the post-combination company’s ability to successfully develop and integrate
its innovative products, including Visor; risks related to the spatial computing software market in general; and other risks and uncertainties
described from time to time in filings with the SEC.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">The foregoing list of factors
is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk
Factors" section of the Registration Statement referenced above and other documents filed by Maquia from time to time with the SEC.
These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially
from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements, and Maquia and Immersed assume no obligation and do not intend to update
or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required
by law. Neither Maquia nor Immersed gives any assurance that Maquia or Immersed, or the post-combination company, will achieve any stated
expectations.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Item 9.01. Financial Statements and Exhibits.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 12%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit No.</FONT></TD>
<TD STYLE="width: 88%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Description</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2328006d1_ex2-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT></A></TD>
<TD><A HREF="tm2328006d1_ex2-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment No. 1 to Business Combination Agreement dated as of October 4, 2023, by and among Maquia Capital Acquisition Corporation, Maquia Merger Sub, Inc., and Immersed Inc.</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2328006d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></A></TD>
<TD><A HREF="tm2328006d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Amendment No. 1 to Sponsor Support Agreement dated October 4, 2023, by and among Immersed, Inc., and the Sponsor and the directors and officers of Maquia Capital Acquisition Corporation.</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: center"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: center"><B>SIGNATURE</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maquia Capital Acquisition Corporation</FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated: October 6, 2023</FONT></TD>
<TD COLSPAN="2"> </TD>
</TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD>
</TR>
<TR STYLE="vertical-align: top">
<TD STYLE="padding-bottom: 1pt; width: 50%"> </TD>
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 45%"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/Jeronimo Peralta</FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeronimo Peralta</FONT></TD>
</TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>tm2328006d1_ex2-1.htm
<DESCRIPTION>EXHIBIT 2.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="text-align: right; margin: 0"><B>Exhibit 2.1</B></P>
<P STYLE="margin-top: 0; margin-bottom: 0; text-align: right"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right">Execution Version</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">AMENDMENT NO. 1 TO BUSINESS COMBINATION
AGREEMENT</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">This	AMENDMENT	NO.	1	TO	BUSINESS	COMBINATION	AGREEMENT	(this
“<U>Amendment</U>”), dated as of October 4, 2023, is made by and among Maquia Capital Acquisition Corporation, a Delaware
corporation (“<U>SPAC</U>”), Maquia Merger Sub, Inc., a Delaware corporation (“<U>Merger Sub</U>”), and Immersed
Inc., a Delaware corporation (the “<U>Company</U>”). SPAC, Merger Sub and the Company are referred to herein collectively
as “Parties”. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the
Business Combination Agreement (as defined below).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">WHEREAS, the
Parties previously entered into that certain Business Combination Agreement, dated as of August 8, 2023 (as it may be amended, restated
or otherwise modified from time to time in accordance with its terms, the “<U>Business Combination Agreement</U>”); and</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">WHEREAS, the
Parties desire to amend the Business Combination Agreement in certain respects as described in this Amendment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">NOW, THEREFORE,
in consideration of the covenants and promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.75in; text-indent: 0in; text-align: justify">1.
<U>Amendment to the Business Combination Agreement</U>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Insert New Definition</U>. The following new definition of “Available Cash” is hereby inserted in Section 1.01(b)
of the Business Combination Agreement:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 1in; text-indent: 0in; text-align: justify">““<U>Available
Cash</U>” means, without duplication, an amount equal to the sum of (a) all amounts in the Trust Account (after deducting the aggregate
amount of payments required to be made in connection with the SPAC Redemption Rights) immediately prior to the Closing, <I>plus</I> (b)
the aggregate amount of cash of SPAC on hand immediately prior to the Closing, <I>plus</I> (c) the net amount of the PIPE Financing Proceeds
received or to be received by SPAC on or prior to the Closing, <I>plus </I>(d) an aggregate amount of $3,000,000 received by the Company
on or prior to the Closing in connection with the Crowdfunding Raise (as defined in the Company Disclosure Schedule), <I>plus</I> (e)
an aggregate amount of $3,100,000 received by the Company on or prior to the Closing in connection with any equity or debt financing,
<I>plus </I>(f) an aggregate amount of $11,900,000 in connection with the Backstop Agreement (as defined in the Sponsor Support Agreement),
<I>plus </I>(g) an aggregate amount of $7,000,000 in connection with any equity line of credit or standby equity purchase agreement entered
into by SPAC and/or the Company prior to the Closing Date.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated the definition “Company Acquisition Proposal”</U>. The definition “Company Acquisition
Proposal” is hereby amended and restated in its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">““<U>Company
Acquisition Proposal</U>” means any proposal or offer from any person or “group” (as defined in the Exchange Act) (other
than SPAC, Merger Sub or their respective affiliates) relating to, in a single transaction or a series of related transactions, (a) any
direct or indirect acquisition or purchase of a business that constitutes 20% or more of the assets of the Company, taken as a whole
(based on the fair market value thereof, as determined by the Company Board in good faith), or (b) acquisition of beneficial ownership
of 20% or more of the total voting power of the equity securities of the Company, whether by way of merger, asset purchase, equity purchase
or otherwise; <U>provided</U>, that, no equity or debt financing received by the Company on or prior to the Closing shall be deemed to
constitute a “Company Acquisition Proposal.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 3.01(a)</U>. Section 3.01(a) of the Business Combination Agreement is hereby amended and restated
in its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“(a)
<U>Payment Spreadsheet</U>. Not less than five (5) Business Days prior to the Effective Time, the Company shall deliver to SPAC a schedule
(the “<U>Payment Spreadsheet</U>”) setting forth (i) the calculation of Aggregate Transaction Consideration, (ii) the allocation
of the Aggregate Transaction Consideration among the holders of Company Common Stock, Company Preferred Stock and Company Options, (iii)
the portion of Aggregate Transaction Consideration payable to each holder of Company Common Stock and Company Preferred Stock, (iv) the
number of shares of New SPAC Common Stock that can be purchased under the Exchanged Options and (v) the allocation of the Earnout Shares
among the Earnout Recipients. The allocation of the Aggregate Transaction Consideration and the information with respect to the exchange
of Company Options into Exchanged Options set forth in the Payment Spreadsheet shall be binding on all Parties and shall be used by SPAC
and Merger Sub for purposes of issuing the Merger Consideration to the holders of Company Common Stock and Company Preferred Stock and
conversion of the Company Options into the Exchanged Options pursuant to this <U>Article III</U>, absent manifest error.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Insert New Section 3.06</U>. The following new Section 3.06 of the Business Combination Agreement is hereby inserted immediately
following Section 3.05:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“Section 3.06 <U>Company Stockholders
Earnout</U>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT>Following the Closing, in addition to the consideration to be received pursuant to <U>Section 3.01(b)(i)</U>, if, on the date that
is nine (9) months after the Closing Date, a number equal to at least 65% of the persons that were employees of the Company as of the
Closing Date continue to be employees of the Company (the “<U>Earnout Target</U>”), then as promptly as practicable (and in
any event within five (5) Business Days) following the achievement of the Earnout Target, the stockholders of the Company as of immediately
prior to the Closing (the “<U>Earnout Recipients</U>”), SPAC shall issue an aggregate of 4,000,000 shares of New SPAC Common
Stock (the “<U>Earnout Shares</U>”) to the Earnout Recipients, which such Earnout Shares shall be allocated among the Earnout
Recipients in accordance with, and pursuant to, the Payment Spreadsheet. For the avoidance of doubt, the people that were employees of
the Company as of the Closing shall mean the greater of: (i) twenty (20) full time employees, and (ii) the number of full-time employees
at Closing.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT>The aggregate number of Earnout Shares issuable to the Earnout Recipients shall be adjusted to reflect appropriately the effect
of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into shares
of New SPAC Common Stock), reorganization, recapitalization, reclassification, combination, exchange of shares or other like change with
respect to shares of New SPAC Common Stock, occurring on or after the date hereof and prior to the time any such Earnout Shares are delivered
to the Earnout Recipients, if any.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT>Notwithstanding anything to the contrary, in the event of a transaction that results in a Change of Control, then the Earnout
Shares that have not been previously issued pursuant to this <U>Section 3.06</U> shall be issued to the Earnout Recipients effective
as of immediately prior to the consummation of such transaction, or otherwise treated as so issued in connection therewith, so as to
ensure that the Earnout Recipients shall receive such Earnout Shares, and all proceeds thereof, in connection with such transaction.
For purposes of this Section, “<U>Change of Control</U>” means (a) a sale, lease, license or other disposition, in a single
transaction or a series of related transactions, of fifty percent (50%) or more of the assets of SPAC and its subsidiaries, taken as
a whole; (b) a merger, consolidation or other business combination of SPAC resulting in any person or “group” (within the
meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Closing Date) acquiring at least fifty percent (50%) of the
combined voting power of the then outstanding securities of SPAC or the surviving person outstanding immediately after such combination
(for the avoidance of doubt, excluding any Earnout Shares that may be issued in connection with such transaction(s) pursuant to Section
3.06); or (c) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the
Closing Date) (i) obtaining beneficial ownership (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) of the voting stock of
SPAC representing more than fifty percent (50%) of the voting power of the capital stock of SPAC entitled to vote for the election of
directors of SPAC or (ii) otherwise acquiring, directly or indirectly, the power to direct or cause the direction of the management or
policies of SPAC, whether through the ability to exercise voting power, by contract or otherwise.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 7.15</U>. Section 7.15 of the Business Combination Agreement is hereby amended and restated in
its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“<U>Stock Incentive Plan</U>.
SPAC shall, prior to the Effective Time, approve and adopt a new equity incentive plan (the “<U>Stock Incentive Plan</U>”)
to be effective in connection with the Closing, which shall be in such form as the Company and SPAC shall mutually agree. The Stock Incentive
Plan shall provide for an initial aggregate share reserve thereunder equal to 11.7% of the number of shares of New SPAC Common Stock outstanding
on a pre- diluted basis at the Closing.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Insert New Section 8.03(i)</U>. The following new Section 8.03(i) of the Business Combination Agreement is hereby inserted immediately
following Section 8.03(h):</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“(i)
<U>Available Cash</U>. Prior to giving effect to the payment of all Outstanding SPAC Transaction Expenses and Outstanding Company Transaction
Expenses, the Available Cash at Closing shall be equal to or greater than $25,000,000; <U>provided</U>, that, if (i) the Available Cash
at Closing is equal to $21,900,000 and (ii) Sponsor forfeits and surrenders to SPAC for cancellation 310,000 shares of SPAC Class A Common
Stock pursuant to Section 3(c) in the Sponsor Support Agreement, the condition in this <U>Section 8.03(i)</U> shall be deemed to be satisfied;
<U>provided</U>, <U>further</U>, that if the Available Cash at Closing is greater than $21,900,000 but less than $25,000,000, subject
to and contingent upon the Effective Time, the Available Cash Forfeited Sponsor Shares shall be reduced proportionately by such number
of shares equal to (i) the <I>quotient </I>of (x) the amount of the Available Cash in excess of $21,900,000 (the “<U>Excess Cash</U>”)
and (y) $3,100,000 <I>multiplied</I> by (ii) 310,000. By way of example, if the Excess Cash is $500,000 (i.e., the Available Cash at
Closing is $22,400,000), then the proportionate reduction shall be equal to 16% of 310,000 or 50,000 shares of SPAC Class A Common Stock,
leaving a balance of 260,000 Available Cash Forfeited Sponsor Shares. Notwithstanding the condition in this <U>Section 8.03(i)</U>, if
the Closing occurs, on the Closing Date, all Outstanding SPAC Transaction Expenses and Outstanding Company Transaction Expenses shall
be paid from the balance of the Available Cash in accordance with <U>Section 3.04</U>.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 9.01(b)</U>. Section 9.01(b) of the Business Combination Agreement is hereby amended and restated
in its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“(b) by either SPAC or the
Company if the Effective Time shall not have occurred prior to March 7, 2024 (the “<U>Outside Date</U>”); <U>provided</U>,
<U>however</U>, that this Agreement may not be terminated under this <U>Section 9.01(b)</U> by or on behalf of any party that either directly
or indirectly through its affiliates is in breach or violation of any representation, warranty, covenant, agreement or obligation contained
herein and such breach or violation is the principal cause of the failure of a condition set forth in <U>Article VIII</U> on or prior
to the Outside Date.”</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; text-indent: 71.95pt">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 9.02</U>. Section 9.02 of the Business Combination Agreement is hereby amended and restated in
its entirety as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">“<B>Section 9.02 </B><U>Effect
of Termination</U>. In the event of the termination of this Agreement pursuant to <U>Section 9.01</U>, this Agreement shall forthwith
become void, and there shall be no liability under this Agreement on the part of any party hereto, except as set forth in this Section
9.02, Article X, and any corresponding definitions set forth in Article I, or in the case of termination subsequent to a willful material
breach of this Agreement by a Party. For the avoidance of doubt, the failure to satisfy the condition set for in <U>Section 8.03(i)</U>
shall not be deemed a willful material breach of this Agreement by either Party.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 53.95pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT><U>Effect of Amendment</U>. Except as set forth herein, all other terms and provisions of the Business Combination Agreement remain
unchanged and in full force and effect. On and after the date hereof, each reference in the Business Combination Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import shall mean and be a reference to the Business
Combination Agreement as amended or otherwise modified by this Amendment. For the avoidance of doubt, references to the phrases “the
date of this Agreement” or “the date hereof”, wherever used in the Business Combination Agreement, as amended by this
Amendment, shall mean August 8, 2023.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 53.95pt">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT><U>Construction</U>. This Amendment shall be governed by all provisions of the Business Combination Agreement unless context requires
otherwise, including all provisions concerning construction, enforcement and governing law.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 53.95pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT><U>Entire Agreement</U>. This Amendment together with the Business Combination Agreement and the other agreements referenced herein
constitute the entire agreement and understanding of the Parties in respect of the subject matter hereof and supersede all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 53.95pt">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT><U>Counterparts</U>. This Amendment may be executed in counterparts, all of which shall be considered one and the same document
and shall become effective when such counterparts have been signed by each of the Parties and delivered to the other Parties, it being
understood that all Parties need not sign the same counterpart. Delivery by electronic transmission to counsel for the other Parties of
a counterpart executed by a Party shall be deemed to meet the requirements of the previous sentence. The exchange of a fully executed
Amendment in counterparts or otherwise) in pdf, DocuSign or similar format and transmitted by facsimile or email shall be sufficient to
bind the Parties to the terms and conditions of this Amendment.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[<I>Signature Page Follows</I>]</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in">IN WITNESS WHEREOF, each of the Parties
have caused this Amendment to be executed as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA CAPITAL ACQUISITION CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"> </TD>
<TD STYLE="width: 47%"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jeff Ransdell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeff Ransdell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA MERGER SUB, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Guillermo Eduardo Cruz</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Guillermo Eduardo Cruz </FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IMMERSED INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Renji Bijoy</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature Page to Amendment No. 1 to Business Combination Agreement]</I></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0.5in">IN WITNESS WHEREOF, each of the Parties
have caused this Amendment to be executed as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA CAPITAL ACQUISITION CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"> </TD>
<TD STYLE="width: 47%"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeff Ransdell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA MERGER SUB, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Guillermo Eduardo Cruz </FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IMMERSED INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid">/s/ Renji Bijoy</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Renji Bijoy</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm2328006d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">
<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>
<P STYLE="margin: 0; text-align: right"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.7pt 0pt 0; text-align: right">Execution Version</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">AMENDMENT NO. 1 TO SPONSOR
SUPPORT AGREEMENT</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B> </B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.5in; text-align: justify">This
AMENDMENT NO. 1 (this “<U>Amendment</U>”), dated as of October 4, 2023, to the Sponsor Support Agreement, dated as of August
8, 2023 (the “<U>Sponsor Support Agreement</U>”), is made by and among Maquia Investments North America, LLC, a Delaware
limited liability company (“<U>Sponsor</U>”), certain of the stockholders, officers and directors of Maquia Capital Acquisition
Corporation, a Delaware corporation (“<U>SPAC</U>”), whose names appear on the signature pages of this Amendment (together
with the Sponsor, the “<U>Sponsor Parties</U>”), and Immersed Inc, a Delaware corporation (the “<U>Company</U>”).
Sponsor, the Sponsor Parties, SPAC and the Company are referred to herein collectively as the “<U>Parties</U>.” Capitalized
terms not otherwise defined in this Amendment have the meanings given such terms in the Sponsor Support Agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.5in; text-align: justify">WHEREAS, the Parties desire to amend
the Sponsor Support Agreement as set forth below.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.5in; text-align: justify">NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby,
the Parties hereby agree as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">ARTICLE I</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>AMENDMENT TO THE SPONSOR SUPPORT
AGREEMENT</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.5in; text-align: justify">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 3</U>. Section 3 of the Sponsor Support Agreement is hereby amended and restated in its entirety
as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">“3.
<U>Sponsor Founder Shares and Private Placement Warrants Forfeiture</U>.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(a)</TD><TD STYLE="text-align: justify">Sponsor hereby agrees that, subject to and contingent upon the Effective Time, automatically and
without any further action by any other Person, Sponsor shall forfeit and surrender to SPAC for cancellation 1,507,000 shares of
SPAC Class A Common Stock (such fo rfeited shares of SPAC Class A Common Stock, the “<U>Forfeited Sponsor Shares</U>”),
and all such Forfeited Sponsor Shares shall be cancelled and forfeited for no consideration and shall cease to exist.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(b)</TD><TD STYLE="text-align: justify">Sponsor hereby agrees that, subject to and contingent upon the
Effective Time, automatically and without any further action by any other Person, Sponsor shall (i) forfeit and surrender to SPAC for
cancellation 291,872 Private Placement Warrants (as defined below) (the “<U>Forfeited/Transferred Sponsor Warrants</U>”)
or (ii) transfer and assign all of its right, title and interest in the Forfeited/Transferred Sponsor Warrants to the stockholders of
the Company, which shall be allocated to, and among the stockholders of the Company pursuant to, and in accordance with, the Payment
Spreadsheet. Sponsor, SPAC and the Company will work together in good faith with each of their respective advisors to structure the forfeiture
or transfer of the Forfeited/Transferred Sponsor Warrants taking into account tax, legal and/or other business considerations. If the
Forfeited/Transferred Sponsor Warrants are (A) forfeited by Sponsor pursuant to <U>Section 3(b)(i)</U>, the Forfeited Sponsor Shares
shall be cancelled and forfeited for no consideration and shall cease to exist and SPAC shall issue 291,872 Private Placement Warrants
to the stockholders of the Company (i.e., such transactions shall be effectuated as a forfeiture and reissuance), which shall be allocated
to, and among the stockholders of the Company pursuant to, and in accordance with, the Payment Spreadsheet, or (B) transferred by Sponsor
pursuant to <U>Section 3(b)(ii)</U>, Sponsor and SPAC shall take all reasonably necessary actions required to effect the transfer and
assignment of the Forfeited/Transferred Sponsor Warrants as of immediately prior to the Effective Time pursuant to this <U>Section 3(b)</U>.
For purposes of this <U>Section 3(b)</U>, “<U>Private Placement Warrants</U>” means the Private Placement Warrants as defined
in that certain letter agreement, dated May 4, 2021, among SPAC, certain directors of SPAC, Sponsor and Kingswood Capital Markets, Division
of Benchmark Investments, Inc.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
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<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(c)</TD><TD STYLE="text-align: justify">Sponsor hereby agrees that, pursuant to Section 8.03(i) of the
BCA, if the Available Cash at Closing is equal to $21,900,000, subject to and contingent upon the Effective Time, automatically and without
any further action by any other Person, Sponsor shall forfeit and surrender to SPAC for cancellation 310,000 shares of SPAC Class A Common
Stock (such forfeited shares of SPAC Class A Common Stock, the “<U>Available Cash Forfeited Sponsor Shares</U>”), and all
such Available Cash Forfeited Sponsor Shares shall be cancelled and forfeited for no consideration and shall cease to exist and the condition
in Section 8.03(i) of the BCA shall be deemed to be satisfied; <U>provided</U>, <U>further</U>, that if the Available Cash at Closing
is greater than $21,900,000 but less than $25,000,000, subject to and contingent upon the Effective Time, the Available Cash Forfeited
Sponsor Shares shall be reduced proportionately by such number of shares equal to (i) the <I>quotient</I> of (x) the amount of the Available
Cash in excess of $21,900,000 (the “<U>Excess Cash</U>”) and (y) $3,100,000 <I>multiplied </I>by (ii) 310,000. By way of
example, if the Excess Cash is $500,000 (i.e., the Available Cash at Closing is $22,400,000), then the proportionate reduction shall
be equal to 16% of 310,000 or 50,000 shares of SPAC Class A Common Stock, leaving a balance of 260,000 Available Cash Forfeited Sponsor
Shares.”</TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0.5in; text-align: justify">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Amended and Restated Section 10</U>. Section 10 of the Sponsor Support Agreement is hereby amended and restated in its entirety
as follows:</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">“10.
<U>Backstop Agreement</U>. Subject to the earlier termination of this Agreement in accordance with <U>Section 13</U>, during the Interim
Period, Sponsor and SPAC may enter into a backstop agreement with third party (the “<U>Backstop Provider</U>”), in form and
substance satisfactory to the Company (including with respect to the Backstop Provider), pursuant to which the Backstop Provider shall,
in a manner compliant with all applicable laws, rules and regulations (including, without limitation, question 166.01 of the U.S. Securities
and Exchange Commissions compliance and disclosure interpretations regarding tender offer rules and schedules, to the extent applicable),
(i) purchase shares of SPAC Class A Common Stock in aggregate amount of $11,900,000 prior to the SPAC Stockholders’ Meeting and
(ii) not redeem such shares pursuant to the SPAC Redemption Rights (the “<U>Backstop</U>”). In connection with the Backstop,
the Company shall issue to the Backstop Provider an aggregate of 650,000 shares of New SPAC Common Stock, which such shares shall be
allocated from the Forfeited Sponsor Shares.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; text-indent: -0.1pt">ARTICLE
II</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center; text-indent: -0.1pt"><U>MISCELLANEOUS</U></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>No Further Amendment</U>. Except as expressly amended hereby, the Sponsor Support 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 is limited precisely
as written and shall not be deemed to be an amendment to any other term or condition of the Sponsor Support Agreement or any of the documents
referred to therein.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">2.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Effect of Amendment</U>. This Amendment shall form a part of the Sponsor Support Agreement for all purposes, and each party
thereto and hereto shall be bound hereby. From and after the execution of this Amendment by the Parties, any reference to the Sponsor
Support Agreement shall be deemed a reference to the Sponsor Support Agreement as amended hereby.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0in; text-indent: 0in; text-align: justify"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">3.
<U>Governing Law</U>. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable
to contracts executed in and to be performed in that State. All Actions arising out of or relating to this Amendment shall be heard and
determined exclusively in any Delaware Chancery Court; <U>provided</U>, that if jurisdiction is not then available in the Delaware Chancery
Court, then any such legal Action may be brought in any federal court located in the State of Delaware or any other Delaware state court.
The Parties hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery Court for the purpose of any Action arising out
of or relating to this Amendment brought by any party hereto, and (ii) irrevocably waive, and agree not to assert by way of motion, defense,
or otherwise, in any such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its
property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the
Action is improper, or that this Amendment or the transactions contemplated hereunder may not be enforced in or by any of the above-named
courts.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">4.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Severability</U>. If any term or other provision of this Amendment is invalid, illegal or incapable of being enforced by any
rule of law, or public policy, all other conditions and provisions of this Amendment shall nevertheless remain in full force and effect
so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to
any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties
shall negotiate in good faith to modify this Amendment so as to effect the original intent of the Parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest
extent possible</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">5.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </FONT><U>Counterparts; Electronic Delivery</U>. This Amendment may be executed and delivered (including by facsimile or portable document
format (.pdf) transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when
executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[<I>Signature Page Follows</I>]</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN
WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA CAPITAL ACQUISITION CORPORATION</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 47%">/s/ Jeff Ransdell</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jeff Ransdell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAQUIA INVESTMENTS NORTH AMERICA, LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid">/s/ Guillermo Eduardo Cruz</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Guillermo Eduardo Cruz </FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD STYLE="text-align: center"> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IMMERSED INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 47%">/s/ Renji Bijoy</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Renji Bijoy</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Executive Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<!-- Field: Page; Sequence: 5 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: left">JEFF RANSDELL</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: black 1pt solid; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jeff Ransdell</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><P STYLE="margin-top: 0; margin-bottom: 0">Address: 2901 Florida Ave., Miami, Florida, 33132</P>
<P STYLE="margin-top: 0; margin-bottom: 0"> <BR> E-mail: jeff@fuelventurecapital.com</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> <B></B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 6 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: left">JERONIMO PERALTA</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="width: 47%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
Jeronimo Peralta</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Address: Calle Londres 40, Col Juarez, Ciudad
de Mexico, Mexico, 06600</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">E-mail: </FONT>jeronimo@maquiacapital.com</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 7 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2" STYLE="font-weight: bold; text-align: left">GUILLERMO CRUZ</TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="width: 47%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Guillermo Cruz</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address: 50 Biscayne Blvd, Apt 2406, Miami, Florida, 33132</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail:
</FONT>guillermo@maquiacapital.com </P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 8 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MAGGIE VO</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Maggie Vo</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address: 2901 Florida Ave, Miami, Florida, 33132 </FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail: maggie@fuelventurecapital.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 9 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>GUILLERMO CRUZ REYES</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 3%"> </TD>
<TD STYLE="width: 47%"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid">/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Guillermo
Cruz Reyes</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address: Calle Londres 40, Col Juarez, Ciudad de Mexico, Mexico, 06600</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail: gcruz@acad-mx.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 10 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PEDRO MANUEL ZORRILLA VELASCO</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 2%"> </TD>
<TD STYLE="width: 48%"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> /s/ Pedro Manuel Zorrilla Velasco</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address: Calle Londres 40, Col Juarez, Ciudad de Mexico, Mexico, 06600</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail: pzorrillav@gmail.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<!-- Field: Page; Sequence: 11 -->
<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
<DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"> </P></DIV>
<!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LUIS ANTONIO MARQUEZ-HEINE</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"> </TD>
<TD STYLE="width: 2%"> </TD>
<TD STYLE="width: 48%"> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By: </FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Luis Antonio Marquez-Heine</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address: Calle Londres 40, Col Juarez, Ciudad de Mexico, Mexico, 06600</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD> </TD>
<TD> </TD></TR>
<TR STYLE="vertical-align: top">
<TD> </TD>
<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail: lamhz@hotmail.com</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> </P>
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<DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"> </DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 35.95pt">IN WITNESS WHEREOF, the Parties have executed
this Amendment as of the date first written above.</P>
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<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LUIS ARMANDO ALVAREZ</B></FONT></TD></TR>
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<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif">Luis Armando Alvarez</FONT></TD></TR>
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<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address: Calle Londres 40, Col Juarez, Ciudad de Mexico, Mexico, 06600</FONT></TD></TR>
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<TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">E-mail: lalvarez@mxccapital.com.mx</FONT></TD></TR>
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