DEFA14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 2, 2015

__________

Premier Exhibitions, Inc.

(Exact Name of Registrant as Specified in Charter)

Florida	000-24452	20-1424922
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)
3340 Peachtree Road, N.E., Suite 900, Atlanta, Georgia		30326
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (404) 842-2600

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

þ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

On April 2, 2015, Premier Exhibitions, Inc. (the “Company”) entered into a Merger Agreement with Dinoking Tech Inc., a company existing under the laws of the Province of British Columbia (“Dinoking”), 1032403 B.C. Ltd., a company existing under the laws of the Province of British Columbia and wholly owned subsidiary of the Company (“Exchangeco”), and Mr. Daoping Bao and Ms. Nancy Brenner, the shareholders of Dinoking.

Pursuant to the Merger Agreement, the Company will acquire all of the outstanding shares of Dinoking for a total consideration of approximately $6.4 million payable, at the election of each Dinoking shareholder, in shares of common stock of the Company or shares in Exchangeco that will be exchangeable for shares of common stock of the Company (“Exchangeable Shares”) pursuant to the terms of such shares and a Support Agreement to be entered into between the Company and Exchangeco at the closing of the proposed merger. The Company has also agreed to future contingent payments to the Dinoking shareholders of up to approximately $8.6 million (the “Future Contingent Payments”) payable in either cash or stock upon the execution by Dinoking of specified exhibition and joint venture agreements with third parties meeting the requirements set forth in the Merger Agreement and a Success Payment Agreement, dated April 2, 2015, by and among the Company, Mr. Bao and Ms. Brenner (the “Success Payment Agreement”). The Company will also issue to each of the Dinoking shareholders one share of a separate class of stock of the Company that provides for voting rights in the Company equal to the number of Exchangeable Shares held by the holder (“Supervoting Shares”).

If the Future Contingent Payments are triggered and are paid in shares of common stock of the Company, the common stock of the Company will be valued at the lower of (i) a specified per share price that is a premium to the market price as of the date of the Merger Agreement and (ii) the volume weighted average trading price of the Company’s common stock during the 60-day period prior to the date of the applicable triggering event. The specified per share prices are $5.15 with respect to 50% of the Future Contingent Payments and $8.96 with respect to the remaining 50% of the Future Contingent Payments.

The approval of the Company’s shareholders will be required in connection with the proposed merger to approve each of the following: (i) an amendment to the Company’s articles of incorporation to create the Supervoting Shares to be issued in connection with the proposed merger, and (ii) the issuance of shares of common stock of the Company in connection with the proposed merger, upon the exchange of the Exchangeable Shares issued in connection with the proposed merger, pursuant to the Success Payment Agreement described above, and upon the conversion of the Note described below. As described below, the Company expects to call and hold a special meeting of the Company’s shareholders pursuant to the Merger Agreement to consider and vote on these matters.

Upon the closing of the proposed merger and the conversion of the Notes described below, but before any payment of Future Contingent Payments, the Dinoking shareholders and the Lenders under the Note would together hold shares of common stock of the Company and Supervoting Shares that represent approximately 47.0% of the voting power of the Company.

In the Merger Agreement, the Company and Dinoking provide mutual customary representations and warranties, including regarding organization, capitalization, authority, no defaults, subsidiaries, absence of changes and events, financial statements, liabilities, books and records, properties, business carried on in the ordinary course, partnerships and joint ventures, interested persons, directors and officers, employment matters, insurance, material agreements, legal proceedings, tax matters, compliance with applicable laws, consents and approvals, environmental matters, intellectual property, and advisory fees. Mr. Bao and Ms. Brenner provide customary representations and warranties in the Merger Agreement regarding their ownership of the Dinoking shares.

Between the date of the Merger Agreement and the earlier of the effective time of the proposed merger or the termination of the Merger Agreement, the Company has agreed that it will not solicit, initiate, knowingly facilitate or encourage the initiation of any inquiries or proposals regarding or which could reasonably be expected to lead to a competing acquisition proposal for the Company, participate in any discussions or negotiations regarding or which could reasonably be expected to lead to any such acquisition proposal, withdraw the approval of the Company’s board of directors of the proposed merger, approve or recommend any competing acquisition proposal for the Company, or enter into any agreement, arrangement or understanding regarding any competing acquisition proposal for the Company.

Notwithstanding the foregoing, the board of directors of the Company may take certain actions to facilitate a competing acquisition proposal if the board of directors determines in good faith, after consultation with financial advisors and outside legal counsel, that the competing proposal is reasonably likely to result in a superior acquisition proposal, as set forth in the Merger Agreement, provided that the Company may not consider, negotiate, accept or recommend a competing acquisition proposal after the approval of the Company’s shareholders of the proposed merger, as described above. The Company may accept or recommend a superior acquisition proposal if the Company complies with the procedural requirements of the Merger Agreement, including providing Dinoking the opportunity to improve the terms of the proposed merger, terminates the Merger Agreement, and pays to Dinoking a break-up fee in the amount of $1,000,000.

The Merger Agreement contains customary covenants and conditions precedent, including (i) the approval by the Company’s shareholders of the proposed merger, as described above, and (ii) the approval by The Nasdaq Stock Market LLC of the listing of the shares of common stock of the Company issuable in connection with the proposed merger. At the closing of the proposed merger, the Company is required to enter into a Corporate Governance Agreement and Registration Rights Agreements, which are described below.

In the Merger Agreement, the Company is required to prepare and file with the SEC a proxy statement for a special meeting of shareholders of the Company to consider and vote on the proposed merger, as described above. As promptly as reasonably practicable following the clearance of the proxy statement by the SEC, the Company is required to duly call and hold such special meeting of shareholders and take all commercially reasonable action to solicit proxies approving the proposed merger. Either the Company or Dinoking may terminate the Merger Agreement if shareholder approval has not been obtained on or prior to the date that is 180 days after the date of the Merger Agreement.

In connection with the execution of the Merger Agreement, Sellers Capital Master Fund, Ltd. and each director and executive officer of the Company entered into Shareholder Voting Agreements with the Company and Dinoking, pursuant to which they have agreed to vote in favor of the proposed merger at the special meeting of shareholders required to be called by the Company for purposes of voting on the proposed merger. In the event that the board of directors of the Company is permitted to support a superior acquisition proposal from a third party, then Sellers Capital Master Fund, Ltd. and each director and officer of the Company are released from their voting obligations under these agreements. Sellers Capital Master Fund, Ltd. and each director and officer of the Company have also agreed to restrictions on the transfer of their shares of common stock of the Company and have agreed not to solicit competing offers to acquire the Company during the term of these agreements. These agreements terminate upon the termination of the Merger Agreement in accordance with its terms, including if the Company terminates the agreement to pursue a superior acquisition proposal.

Pursuant to the Corporate Governance Agreement, to be entered into as of the closing of the proposed merger among the Company, Mr. Daoping Bao and Ms. Nancy Brenner, Mr. Bao and Ms. Brenner together with the lenders under the Note described below (the “DK Group”) have the right as of the closing of the proposed merger to appoint up to four members of the Company’s board of directors, which is then required to be composed of seven members. If their ownership in the Company falls to between 10% and 30% of the shares of the Company, then the DK Group will have the right to appoint up to 30% of the members of the board of directors. If the DK Group holds in the aggregate less than 10% of the shares of the Company, then they will no longer be entitled to appoint members of the Company’s board of directors. These board appointment provisions will also apply to each subsidiary of the Company. The Corporate Governance Agreement will also require the Company’s board of directors to appoint Mr. Bao as the Executive Chairman of the Board and President of the Company, and each subsidiary of the Company, as of the closing of the proposed merger. The Corporate Governance Agreement will also require the Company to enter into indemnity agreements and obtain directors’ and officers’ liability insurance coverage for Mr. Bao and each of the DK Group’s board appointees.

Pursuant to the Registration Rights Agreement to be entered into as of the closing of the proposed merger among the Company, Mr. Bao and Ms. Brenner, the Company will be required to register with the SEC the shares of common stock of the Company held by Mr. Bao and Ms. Brenner and their permitted assigns upon demand at any time after the closing of the proposed merger, and the parties will be required to provide customary mutual indemnities in connection with such registration.

Copies of the Merger Agreement, form of Support Agreement, Success Payment Agreement, forms of the Shareholder Voting Agreements, form of Corporate Governance Agreement, and form of Registration Rights Agreement are filed as exhibits to this Current Report on Form 8-K and are hereby incorporated herein by reference.

The disclosure contained in Item 2.03 below is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

In connection with the execution of the Merger Agreement, on April 2, 2015, the Company issued an Amended and Restated Secured Promissory Note and Guarantee (the “Note”) to Mr. Daoping Bao, as agent (the “Agent”) for the lenders listed therein (the “Lenders”), in the aggregate principal amount of $13,500,000. In connection with the execution of the Note, the Agent, on behalf of the Lenders, took assignment of the Secured Promissory Note and Guarantee, dated September 30, 2014, in the aggregate principal amount of $7,000,000 issued by the Company in favor of PWCM Master Fund Ltd. (“PWCM”) and the Secured Promissory Note and Guarantee, dated September 30, 2014, in the aggregate principal amount of $1,000,000 issued by the Company in favor of Pentwater Credit Opportunities Master Fund Ltd. (“Pentwater”), pursuant to an Assignment and Assumption Agreement with PWCM and Pentwater. The Note amended and restated the PWCM and Pentwater notes. The Note also provides that the Company may make additional draws of: (i) up to $3,500,000 between April 15, 2015 and April 30, 2015 for expenses related to the Company’s build-out of the “Saturday Night Live: The Exhibition” project and construction of the Company’s new exhibition facility in New York City; and (b) $2,000,000 between May 15, 2015 and May 30, 2015, provided that in each case there is no event of default under the Note and the Company has met projected cash flow requirements set forth in the Note.

All unpaid principal, fees and accrued and unpaid interest under the Note are due and payable on April 2, 2016. The unpaid principal amount of the Note will accrue interest at a rate of 12% per annum, provided that during an event of default the Note could bear interest at a rate of 15% per annum. The Company may prepay the Note at any time at an amount equal to 105% of the principal amount. In addition, in connection with any mandatory prepayment or acceleration of the Note, including upon a change of control of the Company (other than a change of control resulting from the conversion of the Note described below), the Company must prepay the Note at an amount equal to 105% of the principal amount.

The principal amount of the Note plus all accrued and unpaid interest will automatically convert into shares of common stock of the Company, at a conversion price of $4.48 per share, on the first business day after the Company’s shareholders have approved such conversion, as described above. The Company is required to present the proposed conversion to the shareholders of the Company for consideration and vote at the special meeting of shareholders required to be called and held pursuant to the Merger Agreement, as described above.

The Note contains customary restrictive covenants and events of default, including an event of default if the Company fails to obtain the shareholder approval required to convert the Note into shares of common stock of the Company prior to 180 days after the special meeting of shareholders required to be called and held pursuant to the Merger Agreement.

The Note is guaranteed by each of RMS Titanic, Inc., Premier Exhibition Management LLC, Arts and Exhibitions International LLC, and Premier Merchandising, LLC, all of which are subsidiaries of the Company.

The Note is secured by substantially all of the assets of the Company and the subsidiary guarantors, including the stock of each of the subsidiary guarantors.  The security interest does not apply to the Titanic assets held by RMS Titanic, Inc., but applies to all revenues, contracts and agreements lawfully arising out of the Titanic assets.

The Lenders’ exercise of rights and remedies with respect to the stock of RMS Titanic, Inc. and any revenues, contracts and agreements lawfully arising out of the Titanic assets are expressly governed by and subject to the terms and conditions of the applicable court orders governing the ownership of the Titanic assets by RMS Titanic, Inc., which include (i) the Opinion issued by the United States District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 12, 2010; (ii) the Order issued by the United States District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 15, 2011; (iii) the Revised Covenants and Conditions for the Future Disposition of Objects Recovered from the R.M.S. Titanic by RMS Titanic, Inc. pursuant to an in specie salvage award granted by the United States District Court for the Eastern District of Virginia, dated as of August 15, 2011; and (iv) the Process Verbal, issued on October 12, 1993 by the Maritime Affairs Administrator for the Ministry of Equipment Transportation and Tourism, French Republic to Titanic Ventures Limited Partnership, together with the letter of intent of Titanic Ventures Limited Partnership dated September 22, 1993.

A copy of the Note is filed as an exhibit to this Current Report on Form 8-K and is hereby incorporated herein by reference.

Item 3.02. Unregistered Sales of Equity Securities.

See the disclosures contained in Items 1.01 and 2.03 above, which are hereby incorporated herein by reference.

The shares of common stock of the Company to be issued in connection with the proposed merger, the shares of common stock issuable upon exchange of the Exchangeable Shares issued in the proposed merger, the Supervoting Shares, and the shares of common stock of the Company issuable upon conversion of the Note will be issued in reliance upon an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Forward Looking Statements

The information contained in this Current Report on Form 8-K and the exhibits attached hereto contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties, including, among others, (i) the Company’s expectations with respect to the Merger Agreement and the Company’s potential issuance of securities related to the Merger Agreement and the Note; (ii) the Company’s expectations with respect to the availability of exemptions from registration for the securities to be issued in the proposed merger and the Note; and (iii) the Company’s expectations with respect to the financing and the completion of the proposed merger. The actual results or outcomes of the Company may differ materially from those anticipated. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, the Company can provide no assurance that any of the forward-looking statements contained in this Current Report on Form 8-K will prove to be accurate.

In light of the significant uncertainties and risks inherent in the forward-looking statements included in this Current Report on Form 8-K, such information should not be regarded as a representation by the Company that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as “may,” “intend,” “expect,” “will,” “anticipate,” “estimate” or “continue” or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in the Company’s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors.” The Company does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Additional Information and Where to Find It

Premier Exhibitions, Inc. intends to file with the SEC a preliminary proxy statement in connection with the proposed merger and will mail a definitive proxy statement and other relevant documents to its shareholders. This Current Report on Form 8-K does not contain all the information that should be considered concerning the proposed merger. It is not intended to provide the basis for any investment decision or any other decision in respect to the proposed merger. Premier Exhibitions, Inc.’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement, the amendments thereto, and the definitive proxy statement to be filed in connection with Premier Exhibitions, Inc.’s solicitation of proxies for the special meeting to be held to approve the matters described above, as these materials will contain important information about Premier Exhibitions, Inc., Dinoking Tech Inc., the proposed merger and the related financing arrangements.

The definitive proxy statement will be mailed to shareholders of Premier Exhibitions, Inc. as of a record date to be established for voting on the matters described above. Shareholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s Internet site at http://www.sec.gov, or by directing a request by mail or telephone to: Premier Exhibitions, Inc., 3340 Peachtree Road, NE, Suite 900, Atlanta, GA 30326, attention: Michael J. Little; telephone: (404) 842-2600.

Participants in the Solicitation

Premier Exhibitions, Inc. and its directors and officers may be deemed to be participants in the solicitation of proxies to the Company’s shareholders with respect to the transactions contemplated by the Merger Agreement. A list of the names of those directors and officers and a description of their interests in the Company is contained in the Company’s proxy statement that was filed with the SEC on January 16, 2015 and will also be contained in the proxy statement for the proposed merger when available.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 2, 2015, the Company entered into a Consulting Agreement (the “Consulting Agreement”) with Mr. Samuel S. Weiser, the Executive Chairman of the Board. Pursuant to the Consulting Agreement, Mr. Weiser resigned as Executive Chairman and as a member of the Company’s Board of Directors, effective as of the date of the Consulting Agreement, and agreed to make himself available to provide consulting advice, information regarding historical Company transactions, and transition services as and when reasonably requested by the Company through September 30, 2015.

The parties agreed that the Employment Agreement, dated August 28, 2014 (the “Employment Agreement”), relating to Mr. Weiser’s service as Executive Chairman is terminated and that the payments and benefits under the Separation Agreement and Release, dated June 20, 2014 (the “Separation Agreement”), between Mr. Weiser and the Company will recommence, as contemplated by the Employment Agreement. In consideration for Mr. Weiser’s agreement to provide consulting services, and in addition to the payments and benefits recommencing under the Separation Agreement, the Company agreed to pay Mr. Weiser the aggregate amount of $300,000, with $20,000 being paid on a monthly basis and the balance being paid on the earlier of the closing of the proposed merger and September 30, 2015. The Company also agreed to reimburse Mr. Weiser for the attorney fees incurred by him in negotiating and executing the Consulting Agreement, not to exceed $5,000. In addition, Mr. Weiser’s outstanding option, dated June 12, 2013, to acquire 15,000 shares of the Company’s common stock was amended to lower the exercise price to $4.48 per share and extend the term for an additional five years. The Consulting Agreement contains a mutual release of claims and mutual non-disparagement provision.

A copy of the Consulting Agreement is filed as an exhibit to this Current Report on Form 8-K and is hereby incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
2.1	Merger Agreement, dated April 2, 2015, by and among Premier Exhibitions, Inc., Dinoking Tech Inc., 1032403 B.C. Ltd., Mr. Daoping Bao and Ms. Nancy Brenner.*
10.1	Form of Support Agreement, to be entered into as of the closing of the proposed merger by and between Premier Exhibitions, Inc. and 1032403 B.C. Ltd.
10.2	Success Payment Agreement, dated April 2, 2015, by and among Premier Exhibitions, Inc., Mr. Daoping Bao and Ms. Nancy Brenner.
10.3	Form of Corporate Governance Agreement, to be entered into as of the closing of the proposed merger by and among Premier Exhibitions, Inc., Mr. Daoping Bao and Ms. Nancy Brenner.
10.4	Shareholder Voting Agreement, dated April 2, 2015, by and among Premier Exhibitions, Inc., Dinoking Tech, Inc. and Sellers Capital Master Fund, Ltd.
10.5	Form of Shareholder Voting Agreement, dated April 2, 2015, by and among Premier Exhibitions, Inc., Dinoking Tech, Inc. and separately each director and executive officer of Premier Exhibitions, Inc.
10.6	Form of Registration Rights Agreement, to be entered into as of the closing of the proposed merger by and among Premier Exhibitions, Inc., Mr. Daoping Bao and Ms. Nancy Brenner.
10.7	Amended and Restated Secured Promissory Note and Guarantee, dated April 2, 2015, issued by Premier Exhibitions, Inc. to Mr. Daoping Bao, as agent for the lenders listed therein.
10.8	Consulting Agreement, dated April 2, 2015, by and between Premier Exhibitions, Inc. and Mr. Samuel S. Weiser.

_________________

*Pursuant to Item 601(b)(2) of Regulation S-K, the schedules and similar attachments to the merger agreement have been omitted from this filing. The Company hereby agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request; provided, however, that the Company may request confidential treatment for any schedule so furnished.

SIGNATURES

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.

Premier Exhibitions, Inc.
By:	/s/ Michael J. Little
	Michael J. Little,
	Interim President and Chief Executive Officer and Chief Financial Officer and Chief Operating Officer

Date: April 8, 2015

EX-2.1

Exhibit 2.1

premier exhibitions, inc.

and

1032403 B.C. LTD.

and

dinoking tech inc.

and

daoping bao

and

nancy brenner

 

MERGER agreement
 

April 2, 2015

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia
V6C 3R8

table of contents

1.0	INTERPRETATION	2
1.1	Definitions	2
1.2	Interpretation Not Affected by Headings, etc.	17
1.3	Currency	17
1.4	Number, etc.	17
1.5	Date For Any Action	17
1.6	Entire Agreement	17
1.7	Accounting Matters	17
1.8	Construction	18
1.9	Knowledge	18
1.10	Appendices and Exhibits	18
2.0	THE MERGER	19
2.1	Implementation Steps by DK	19
2.2	Implementation Steps by the DK Securityholders	19
2.3	Implementation Steps by Premier and Exchangeco	20
2.4	Proxy Statement and Premier Special Meeting	21
2.5	Securities Compliance	23
2.6	Preparation of Filings	23
2.7	NCM Listing	25
2.8	Certain Rights of Premier to Acquire Exchangeable Shares	25
2.9	Premier Retraction Call Right	26
2.10	Premier Redemption Call Right	28
2.11	Automatic Exchange Right	29
2.12	Tax Witholdings	30
2.13	Transfers Free and Clear	30
2.14	No Fractional Shares	30
3.0	REPRESENTATIONS AND WARRANTIES	30
3.1	Representations and Warranties of DK	30
3.2	Representations and Warranties of Premier	55
3.3	Representations and Warranties of the DK Securityholders	82
3.4	Non-Waiver	83
3.5	Survival	83
4.0	COVENANTS	83
4.1	Retention of Goodwill and Assets	83
4.2	Covenants of DK	83
4.3	Covenants of Premier	87

4.4	Applications for Regulatory Approvals	91
4.5	Section 85 Elections	91
4.6	Covenants Regarding Non-Solicitation	91
4.7	Notice by Premier of Superior Proposal Determination	93
4.8	Access to Information	94
4.9	Covenant Regarding Representations and Warranties	95
4.10	Closing Matters	95
4.11	Employment and Related Matters	96
4.12	Prohibition on Voluntary Liquidation	96
4.13	Covenants of Bao and Brenner	96
5.0	CONDITIONS	97
5.1	Mutual Conditions Precedent	97
5.2	Additional Conditions Precedent to the Obligations of DK	99
5.3	Additional Conditions Precedent to the Obligations of Premier	100
5.4	Notice and Cure Provisions	101
5.5	Satisfaction of Conditions	101
6.0	AMENDMENT AND TERMINATION	102
6.1	Amendment	102
6.2	Mutual Understanding Regarding Amendments	102
6.3	Termination	102
6.4	Break Fee	103
6.5	Liquidated Damages	104
6.6	Remedies	104
6.7	Effect of Break Fee Payment	104
7.0	GENERAL	105
7.1	Notices	105
7.2	Assignment	107
7.3	Binding Effect	107
7.4	Waiver and Modification	107
7.5	No Personal Liability	108
7.6	Further Assurances	108
7.7	Expenses	108
7.8	Consultation	108
7.9	Governing Laws	108
7.10	Severability	108
7.11	Counterparts	109

- ii -

MERGER agreement

MERGER AGREEMENT made as of the 2nd day of April, 2015.

AMONG:

PREMIER EXHIBITIONS, INC., a corporation existing under the laws of the State of Florida

(“Premier”)

AND:

1032403 B.C. LTD., a company existing under the laws of the Province of British Columbia

(“Exchangeco”)

AND:

DINOKING TECH INC., a company existing under the laws of the Province of British Columbia

(“DK”)

AND:

DAOPING BAO, businessperson residing in Surrey, British Columbia

(“Bao”)

AND:

NANCY BRENNER, businessperson residing in Surrey, British Columbia

(“Brenner”)

(collectively with Premier, Exchangeco, DK and Bao, the “Parties” and individually, a “Party”)

THIS AGREEMENT WITNESSETH THAT in consideration of the respective covenants and agreements herein contained and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each Party), the Parties hereby covenant and agree as follows:

1.0 INTERPRETATION

1.1 Definitions

In this Agreement, unless there is something in the subject matter or context inconsistent therewith, the following terms shall have the following meanings respectively:

“2010 Opinion” means the opinion (ruling) issued by the United States District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 12, 2010.

“2011 Opinion” means the opinion (ruling) issued by the United States District Court for the Eastern District of Virginia with respect to Action No. Action 2:93cv902, dated as of August 15, 2011.

“Acquisition Proposal” means, other than the Merger, any bona fide proposal with respect to: (i) a merger, amalgamation, take-over bid, tender offer of Premier; (ii) a sale of assets (or any lease, long-term supply agreement, licence, joint venture or other arrangement having the same economic effect as a sale) including, without limitation, a sale of any material Subsidiary of Premier (and for this purpose RMSTI is deemed to be a material Subsidiary) or of Premier representing all or substantially all of the consolidated assets, revenues or earnings of Premier or any material Subsidiary; (iii) the acquisition in any manner, directly or indirectly, in a single transaction or a series of related transactions, of over 20% of (a) a class of outstanding equity securities of Premier or any Premier Subsidiary, or (b) the consolidated total assets of the Premier and the Premier Subsidiaries; or (iv) any similar transactions involving Premier or a material Subsidiary of Premier (and for this purpose RMSTI is deemed to be a material Subsidiary), or a proposal to enter into such a transaction.

“Agreement” means this Agreement as may be amended, supplement, restated or replaced.

“Amended and Restated Pentwater Note” means the amended and restated promissory notes April 2, 2015 issued by Premier in favour of the DK Investor Group members in connection with the assumption and replacement of the Pentwater Loan and the advance of the Second Loan.

“Ancillary Agreements” means the Support Agreement, the Registration Rights Agreement, the Corporate Governance Agreement and the Success Payment Agreement, collectively.

“Applicable Regulatory Approvals” means those sanctions, rulings, consents, orders, exemptions, permits and other approvals (including the lapse, without objection, of a prescribed time under a statute or regulation that states that a transaction may be implemented if a prescribed time lapses following the giving of notice without an objection being made) of Governmental Entities, regulatory agencies or self-regulatory organizations, as set out in Appendix 2 hereto.

“Arm’s Length” has the meaning set out in the ITA.

“Assignment and Assumption Agreement” means the assignment and assumption agreement April 2, 2015 entered into between Pentwater and the DK Investor Group members relating to the assumption and replacement of the Pentwater Loan.

- 2 -

“Business Day” means any day on which commercial banks are open for business in Vancouver, British Columbia and Atlanta, Georgia and other than a Saturday, a Sunday or a day observed as a holiday in Vancouver, British Columbia under the laws of the Province of British Columbia or the federal laws of Canada, or in Atlanta, Georgia under the laws of the State of Georgia or the federal laws of the United States of America.

“Cedar Fair Triggering Event” has the meaning ascribed to that term in the Success Payment Agreement.

“Code” means the Internal Revenue Code of 1986, as amended, and the regulatory and administrative guidance promulgated and in effect thereunder.

“Compelled Party” has the meaning ascribed thereto in Section 4.8.1(d).

“Confidentiality Agreement” means the non-disclosure agreement dated as of September 25, 2013 between inter alia Premier and DK.

“Corporate Governance Agreement” means an agreement to be made among Premier, the DK Investor Group and the DK Securityholders in substantially the form attached as Exhibit D.

“Debt Instrument” means any bond, debenture, mortgage, promissory note or other instrument evidencing indebtedness for borrowed money.

“DK Business” means the business of DK and the DKSubs as it is currently conducted, including traveling exhibitions of dinosaurs (under the name Dinosaurs Unearthed© and Dinosaurs Alive!©) and bugs (under the name Xtreme BUGS), Creatures of the Deep and related materials in museums, science centres, zoos, amusement parks and other private and public venues and the performance of services related to these activities.

“DK Common Shares” means the common shares in the capital of DK.

“DK Disclosure Letter” means that certain Disclosure Letter dated as of the date hereof and delivered by DK to Premier concurrently herewith.

"DK Employees" means all personnel employed or retained by DK or any DKSub in connection with the DK Business, including any that are on medical or long-term disability leave or other statutory or authorized leave or absence.

“DK Employee Benefit Plan” means:

(a) salaries, wages, bonuses, vacation entitlements, commissions, fees, stock option plans, stock purchase plans, incentive plans, deferred compensation plans, profit sharing plans and other similar benefits, plans or arrangements;

(b) insurance, health, welfare, drug, disability, pension, retirement, travel, hospitalization, medical, dental, legal counseling, eye care and other similar benefits, plans or arrangements; and

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(c) agreements or arrangements with any labour union or employee association, written or oral employment agreements or arrangements and agreements or arrangements for the retention of the services of independent contractors, consultants or advisors.

“DK Exhibition Assets” means all of the displays, signs, objects, models, renderings, representations, drawings, specimens, audio-visual media and the like used by DK in exhibitions that comprise the DK Business.

“DK Financial Statements” means the audited consolidated annual financial statements of DK as at December 31, 2014, consisting of the consolidated balance sheet as at December 31, 2014 and the accompanying consolidated statement of operations and deficit and consolidated statement of cashflows for the 12-month period ended December 31, 2014, including the notes thereto and the auditor’s report thereon, all of which are expressed in Canadian currency.

“DK Intellectual Property” has the meaning ascribed thereto in Section 3.1.35(a).

“DK Investor Group” means High Nature Holdings Limited, a British Virgin Islands Corporation, 103443 B.C. Ltd, a B.C. corporation, Lange Feng, an individual resident in the City of Surrey, British Columbia and Mandra Forestry Limited (subject to a name change), a British Virgin Islands Corporation.

“DK Investor Group Financing” means the convertible debt financings to Premier by the DK Investor Group on the terms and conditions set out in Appendix 5.

“DK Leased Property” means all the right, title and interest in and to the subject matter (whether real property or personal property) of the DK Leases.

“DK Leases” means the real or personal property leases or subleases, or other rights of occupancy relating to real property, which DK or any DKSub is a party to or bound by or subject to, as set out and described in Section 3.1.23 of the DK Disclosure Letter.

“DK Licences” has the meaning ascribed thereto in Section 3.1.29.

“DK Material Agreements” means the agreements, indentures, contracts, leases, licences, options, instruments and other commitments set out in Section 3.1.25 of the DK Disclosure Letter.

“DK Preferred Shares” means the Class “A” Preferred shares in the capital of DK.

“DK Registered Intellectual Property” means all Registered Intellectual Property owned by DK.

“DK Securityholders” means the registered and beneficial holders of the DK Shares, being Bao and Brenner.

“DK Shares” means collectively the DK Common Shares and the DK Preferred Shares.

“DKSub” means each of the following Subsidiaries

(a) Dinosaurs Unearthed, Corp., a Delaware corporation incorporated on August 18, 2008 under file number 4585807; and

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(b) Dinoking International Inc., a British Columbia company incorporated November 19, 2014, under incorporation number BC1019440.

“Drop Dead Date” means 180 days after the date of this Agreement or such later date as may be agreed upon by the Parties; provided that the Drop Dead Date shall be automatically extended for that number of days requested (up to 90 days) by either DK or Premier in the event that (A) NASDAQ has approved the required listings and issuances of Premier Shares (i) to be issued pursuant to Section 0, (ii) on the exchange of the Exchangeable Shares, (iii) under the Amended and Restated Pentwater Note, and (iv) under the Success Payment Agreement, (B) the Premier Shareholders Resolution has been adopted, or if not yet adopted, it is as a result of a delay in holding the Premier Special Meeting, which delay was exclusively due to the review period by the SEC of the financial statements of Premier or DK required to be and contained in the Premier Proxy Statement for the Special Meeting or required to be filed and filed in a timely manner by Premier after the filing of the Premier Proxy Statement; provided that if such extension was requested by Premier, in the view of DK, acting reasonably, Premier has met its obligations under Section 2.4, and (C) there has been no breach of this Agreement by the requesting Party.

“Effective Date” means the date agreed to by Premier and DK in writing as the effective date of the Merger, which date shall be no later than the fifth Business Day after the satisfaction or, where not prohibited, the waiver (subject to applicable Law) of the conditions (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver of those conditions as of the Effective Date) set out in Section 5.0 of this Agreement, unless another date is agreed to in writing by the Parties.

“Effective Time” means the beginning of the day (Vancouver time) on the Effective Date, or such other time on the Effective Date as may be agreed upon by Premier and DK.

“Elected Shares” has the meaning ascribed thereto in Section 2.2.

“Encumbrance” means any mortgage, charge, easement, encroachment, lien, adverse claim, assignment by way of security, security interest, servitude, pledge, hypothecation, conditional sale agreement, security agreement, title retention agreement, financing statement, option, right of pre-emption, privilege, obligation to assign, licence, sublicence (other than non-exclusive licences and sublicences of Intellectual Property made in the ordinary course of business) or other encumbrance.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and regulations promulgated thereunder.

“ERISA Affiliate” means any Person that would be treated as a single employer with Premier pursuant to Section 414(b), (c), (m) or (o) of the Code.

“ETA” means the Excise Tax Act, RSC 1985, c E-15 (Canada).

“Exchange Act” means the United States Securities Exchange Act of 1934, as amended.

“Exchangeable Shares” means non-voting exchangeable shares in the capital of Exchangeco, having the special rights and restrictions set out in the Share Provisions.

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“Exchangeco Exchange Ratio” means the number of Exchangeable Shares that a DK Securityholder will receive for each one Elected Share transferred and sold to Exchangeco being:

(a) 342.582 Exchangeable Shares in respect of each Elected Share that is a DK Common Share, subject to adjustment under the Exchange Ratio Adjustment Formula; and

(b) 395.565 Exchangeable Shares in respect of each Elected Share that is a DK Preferred Share.

“Exchange Ratio Adjustment Formula” means the aggregate increase to:

the number of Exchangeable Shares to be issued for each DK Common Share that is an Elected Share under the Exchangeco Exchange Ratio; and

the number of Premier Shares to be issued for each DK Common Share other than an Elected Shares under the Premier Exchange Ratio,

which shall be determined as follows:

if, at the Effective Time, the Cedar Fair Triggering Event has occurred (and provided the total gross revenue value of the Cedar Fair Agreement, as defined in the Success Payment Agreement, entered into pursuant thereto is equal to or greater than $3 million), there will be an addition to the number of shares otherwise deliverable under this Merger Agreement for each DK Common Share equal to:

the number obtained by dividing $4,281,357 by the lower of: (i) $5.15 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Cedar Fair Triggering Event,

divided by the total number of issued and outstanding DK Common Shares;

if, at the Effective Time, the Macau Signing Triggering Event has occurred, there will be an addition to the number of shares otherwise deliverable under this Merger Agreement for each DK Common Share equal to:

the number obtained by dividing $1,712,543 by the lower of: (i) $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Macau Signing Triggering Event,

divided by the total number of issued and outstanding DK Common Shares;

if, at the Effective Time, the Macau Opening Payment Triggering Event has occurred, there will be an addition to the number of shares otherwise deliverable under this Merger Agreement for each DK Common Share equal to:

the number obtained by dividing $2,568,814 by the lower of: (i) $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Macau Opening Triggering Event,

divided by the total number of issued and outstanding DK Common Shares.

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“Financial Year End” means:

(a) in respect of DK December 31; and

(b) in respect of Premier February 28.

“Form S-3” and “Form S-4” have the respective meaning ascribed thereto in the Registration Rights Agreement.

“Governmental Entity” means any domestic or foreign:

(a) multinational, federal, provincial, state, regional, municipal, local, aboriginal or other government, governmental or public department, central bank, branch, ministry, or Tribunal;

(b) subdivision, agent, commission, board, or authority of any of the foregoing; or

(c) quasi-governmental or private body exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing.

“Guarantee” means any agreement, contract or commitment providing for the guarantee, indemnification, assumption or endorsement or any like commitment with respect to the obligations, Liabilities (contingent or otherwise) or indebtedness of any Person.

“ICA” means the Investment Canada Act (Canada), RSC 1985, c. 28 (1st Supp.), as amended from time to time prior to the Effective Date.

“Information” has the meaning ascribed thereto in Section 4.8.1.

“Intellectual Property” means any or all of the following and all rights in, arising out of, or associated with:

(a) all Registered Intellectual Property;

(b) all Intellectual Property Rights;

(c) all trade secrets and all proprietary and confidential information including, without limitation, know-how, technical data, techniques, documentation, reports, records, descriptions, schematics, specifications, designs, industrial models, design criteria, architectures, schematics for hardware products, sketches, photographs, plans, drawings, reports, studies, findings, prototypes and ideas, whether copyrightable or not, whether trade secrets or not and whether in written, graphic or oral form;

(d) all business data and information including, without limitation, customer lists, business models, logos, product documentation and web-site materials and marketing collaterals;

(e) all rights in the nature of copyright howsoever arising, worldwide (whether domestic or foreign) that subsist in and to any original works (including, without limitation, Software) and which have not been registered under the applicable copyright legislation;

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(f) all trade names, brand names, logos, unregistered trade-marks;

(g) all data, databases and data collections in whatever form or media; and

(h) all physical manifestations of any of the foregoing together with all documentation applicable thereto.

“Intellectual Property Rights” means any and all proprietary, possessory, use and ownership rights, titles and interest (whether domestic or foreign and whether legal, equitable or beneficial) in and to all intellectual property including inventions, issued and unissued patents, utility models, patent applications, registered and unregistered copyrights, registered and unregistered industrial designs and design rights, registered and unregistered trademarks or service marks, goodwill and any protectable reputation, confidential information, trade secrets, mask works, semiconductor chip designs and integrated circuit topography and all other intellectual and industrial property rights whatsoever and worldwide (whether registered or unregistered).

“Interested Person” means any present or former officer, director, shareholder, employee, consultant or advisor, excluding attorneys, accountants and other third party professional advisors of a party in connection with this Agreement and the transactions contemplated herein, of or to a party or any Person with which the Party or any of the foregoing does not deal at Arm’s Length within the meaning of the ITA (including a spouse, parent, child or sibling of any such Person).

“ITA” means the Income Tax Act (Canada), RSC 1985, c. 1 (5th Supp.), as amended from time to time prior to the Effective Date.

“Key Employees” means those Persons designated as “Key Employees” by DK to Premier as of the date hereof.

“Laws” means all statutes, regulations, statutory rules, principles of law, orders, published policies and guidelines, and terms and conditions of any grant of approval, permission, authority or licence of any court, Governmental Entity, statutory body or self-regulatory authority, and the term “applicable” with respect to such Laws and in the context that refers to one or more Persons means that such Laws apply to such Person or Persons or its or their business, undertaking, property or securities and emanate from a Person having jurisdiction over the Person or Persons or its or their business, undertaking, property or securities.

“Liabilities” means any and every claim, obligation, commitment, cause of action, debt, required payment, charge, judgment, assessment, liability, obligation, lien, loss, damage, penalty, fine, cost, expense, duty and responsibility of any type or nature, whether direct or indirect, imposed by Law, agreement or otherwise and whether or not asserted, known, contingent, liquidated, accrued, disputed, matured or otherwise, including all damages.

“Liquidation Call Right” has the meaning ascribed to that term in Section 2.8.

“Liquidation Call Purchase Price” has the meaning ascribed to that term in Section 2.8.

“Liquidation Call Notice” has the meaning ascribed to that term in Section 2.8.

“Liquidation Event” has the meaning ascribed to that term in Section 2.11.

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“Liquidation Event Effective Date” has the meaning ascribed to that term in Section 2.11.

“Macau Signing Triggering Event” has the meaning ascribed to that term in the Success Payment Agreement.

“Macau Opening Triggering Event” has the meaning ascribed to that term in the Success Payment Agreement.

“Material Adverse Change”, when used in connection with:

(a) Premier, means any change which is material and adverse to the Titanic Covenants and Conditions or the rights of RMSTI pursuant to the Titanic Documents that materially impacts the rights of RMSTI in any of the Titanic Assets, the Titanic salvor rights or any of the associated Intellectual Property; and

(b) Premier or DK, means any change, effect, event or occurrence with respect to its condition (financial or otherwise), properties, assets, ownership, capital, Liabilities, obligations (whether absolute, accrued, conditional or otherwise), businesses, operations or results of operations or those of its Subsidiaries, in each case, if any, that is, or would reasonably be expected to be, material and adverse to the business, properties, assets, operations, condition (financial or otherwise) or prospects of such Party and its Subsidiaries taken as a whole, other than any change, effect, event or occurrence (i) relating to the Canadian or United States’ economy or financial or capital markets in general including changes in the credit, interest rate and currency markets in a jurisdiction in which a Party or its Subsidiaries operate; (ii) generally affecting the industry in which such Party operates; (iii) relating to changes, developments or conditions resulting from any act of sabotage or terrorism or any outbreak of hostilities or declared or undeclared war, or any escalation or worsening of such acts of sabotage, terrorism, hostilities or war; (iv) in the case of Premier, a threatened default under the Pentwater Loan which has been disclosed in Section 3.2.31 of the Premier Disclosure Letter; or (v) relating to any decrease in the market price or any decline in the trading volume of the Premier Shares (it being understood that the causes underlying such change in the market price or trading volume (other than those in items (i) to (iv) above) may be taken into account in determining whether a Material Adverse Change has occurred; provided, that such change, event, occurrence or state of facts referred to in subsections (i), (ii) and (iii) above does not primarily relate only to (or have the effect of primarily relating only to) that Party and its Subsidiaries, taken as a whole, or disproportionately adversely affect that Party and its Subsidiaries, taken as a whole, compared to other companies of similar size operating in the same industry as that Party and its Subsidiaries.

“Material Adverse Effect”, when used in connection with Premier or DK, means any effect of a Material Adverse Change, and “Materially Adversely Affected” shall have a corresponding meaning.

“Merger” means the acquisition of all of the DK Shares by Exchangeco through:

(a) the transfer and sale to Exchangeco by the DK Securityholders of Elected Shares in exchange for Exchangeable Shares; and

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(b) the transfer and sale to Exchangeco by the DK Securityholders of the DK Shares other than Elected Shares in exchange for Premier Shares,

and includes such ancillary transactions thereto as are contemplated under the terms of this Agreement.

“misrepresentation” has the meaning ascribed thereto under the Securities Act (British Columbia), as amended from time to time.

“Monthly Financial Statements” means the unaudited financial statements of Premier, prepared on a consolidated basis, as at the end of each month, commencing on the month commencing December 1, 2014 and ending on the month ended February 28, 2015 consisting of the consolidated statement of consolidated income(loss), the consolidated balance sheet of Premier and its Subsidiaries as at each such month end, the of cash flows for the period from the month ended February 28, 2015 and from the Financial Year ended February 28, 2014 to and including February 28, 2015, a summary of general and administrative expenses, exhibition revenue and operating statistics and adjusted EBITDA all of which are expressed in United States currency.

“NCM” means the market tier of The National Association of Securities Dealers Automated Quotation System, referred to as the NASDAQ National Capital Market.

“Other Parties” has the meaning ascribed thereto in Section 4.8.1(d).

“Pentwater Loan” means collectively, (i) the secured promissory note and guarantee dated September 30, 2014 in the principal amount of $7 million issued by Premier to PWCM Master Fund Ltd.; and (ii) the secured promissory note and guarantee dated September 30, 2014 in the principal amount of $1 million issued by Premier to Pentwater Credit Opportunities Fund Ltd., in each case together with all interest accrued and unpaid thereon, as the same is amended on the assumption and replacement thereof by the DK Investor Group pursuant to the Assignment and Assumption Agreement and the Amended and Restated Pentwater Note.

“Person” includes any individual, firm, partnership, joint venture, venture capital fund, association, trust, trustee, executor, administrator, legal personal representative, estate, group, body corporate, corporation, company, unincorporated association or organization, Governmental Entity, syndicate or other entity, whether or not having legal status.

“Personal Information” means any information regulated by privacy Laws in the possession of DK or Premier, as applicable, about an individual other than the name, title, business address or telephone number of any DK Employee or Premier Employee, as applicable.

“Pre-Effective Date Period” means the period from and including the date hereof to and including the earlier of the Effective Time and the date of termination of this Agreement pursuant to Section 6.0.

“Premier Business” means the business of Premier as it is currently conducted, including the business of presenting to the public museum-quality touring exhibitions around the world. Premier divides its business into an exhibition management division and a content division. The content division is Premier’s Subsidiary, RMSTI. The exhibition management division of Premier includes its exhibition operations and merchandising operations.

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“Premier Business Plan” means the business plan that has been disclosed to DK in respect of how Premier will conduct the Premier Business up to and including the Effective Date, which is attached as Appendix 4 to this Agreement.

“Premier Disclosure Letter” means that certain Disclosure Letter dated as of the date hereof and delivered by Premier to DK, the DK Securityholders and the DK Investor Group concurrently herewith.

"Premier Employees" means all personnel employed by Premier or any Premier Subsidiary in connection with the Premier Business, including any that are on medical or long-term disability leave or other statutory or authorized leave or absence.

“Premier Employee Benefit Plan” means

(a) salaries, wages, bonuses, vacation entitlements, commissions, fees, stock option plans, stock purchase plans, incentive plans, deferred compensation plans, profit sharing plans and other similar benefits, plans or arrangements;

(b) insurance, health, welfare, drug, disability, pension, retirement, travel, hospitalization, medical, dental, legal counseling, eye care and other similar benefits, plans or arrangements; and

(c) agreements or arrangements with any labour union or employee association, written or oral employment agreements or arrangements and agreements or arrangements for the retention of the services of independent contractors, consultants or advisors.

“Premier Exchange Ratio” means the number of Premier Shares that a DK Securityholder will receive for each DK Share other than an Elected Share transferred and sold to Exchangeco being:

(a) 342.582 Premier Shares in respect of each DK Share other than an Elected Share that is a DK Common Share, subject to adjustment under the Exchange Ratio Adjustment Formula; and

(b) 395.565 Premier Shares in respect of each DK Share other than an Elected Share that is a DK Preferred Share,

“Premier Exhibition Assets” means all of the displays, signs, objects ( including without limitation the artifacts forming part of the Titanic Assets), models, renderings, representations, drawings, specimens, audio-visual media and the like used by Premier in exhibitions that comprise the Premier Business.

“Premier Financial Statements” means the audited consolidated annual financial statements of Premier as at February 28, 2014, consisting of the consolidated balance sheets as at February 28, 2014 and the accompanying consolidated statement of operations and deficit and consolidated statement of comprehensive income cashflows for the 12-month period ended February 28, 2014, consolidated statement of shareholders equity and comprehensive income for the 12 month period ended February 28, 2014, including the notes thereto and the auditor’s report thereon, all of which are expressed in United States currency.

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“Premier Intellectual Property” has the meaning ascribed thereto in Section 3.2.39(a).

“Premier Interim Financial Statements” the unaudited consolidated financial statements of Premier as at the end of each quarter after February 28, 2014, for which statements have been filed with SEC consisting of the consolidated balance sheets as at such quarter end and the accompanying consolidated statement of operations and deficit and statement of comprehensive income cashflows for the three-month period ended on the last date of such quarter, and consolidated statement of shareholders equity and comprehensive income for the three-month period ended on the last day of such quarter and for the period from February 29, 2014 to the end of such quarter, all of which are expressed in United States currency.

“Premier Leased Property” means all the right, title and interest in and to the subject matter (whether realty or personal property) of the Premier Leases.

“Premier Leases” means the real or personal property leases or subleases, or other rights of occupancy relating to real property, which Premier or a Premier Subsidiary is a party to or bound by or subject to, as described in Section 3.2.28 of the Premier Disclosure Letter.

“Premier Licences” has the meaning ascribed thereto in Section 3.2.34.

“Premier Material Agreements” means the agreements, indentures, contracts, leases, licences, options, instruments and other commitments set out in Section 3.2.30 of the Premier Disclosure Letter.

“Premier Merger Shares” mean the two separate classes of shares to be created by Premier and to be issued by Premier to the DK Securityholders having the rights and restrictions set out in Appendix 7.

“Premier Merger Share Subscription Price” means the amount payable to Premier for the issuance of a single Premier Merger Share, issued in its own class, being $100 USD.

“Premier Registered Intellectual Property” means all Registered Intellectual Property owned by Premier or and Premier Subsidiary.

“Premier Shareholders” means the holders of the Premier Shares.

“Premier Shareholders’ Resolution” means resolutions adopted by the Premier Shareholders (i) approving and authorizing an amendment to Premier’s articles of incorporation to create the Premier Merger Shares to be issued in connection with the Merger, and (ii) approving the issuance of the Premier Shares under the Merger, upon the exchange of the Exchangeable Shares, on the conversion of the Amended and Restated Pentwater Note, and pursuant to the Success Payment Agreement.

“Premier Shares” means the shares of common stock, having a par value of $0.0001 each, in the capital of Premier.

“Premier Special Meeting” means the special meeting of the Premier Shareholders where the Premier Shareholders approval will be sought for the Premier Shareholders’ Resolution.

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“Premier Subsidiary” means each of RMSTI, R.M.S. Titanic (UK) Ltd. (United Kingdom), Exhibitions International, LLC (Nevada), Premier Merchandising, LLC (Delaware), Premier Exhibitions International, LLC (Delaware), Premier Exhibition Management LLC (Florida), Premier Exhibitions NYC, Inc. (Nevada), Arts and Exhibitions International, LLC (Florida), Premier (United Kingdom) Ltd. (United Kingdom), PRXI International Holdings C.V. (Netherlands), and Exchangeco.

“Principal Shareholders” means Sellers Capital Master Fund, Ltd., Mark Sellers, each Person that holds 5% or more of the Premier Shares, and each of the directors and senior officers of Premier who holds, directly or indirectly, Premier Shares in Premier.

“Principal Shareholder Voting Agreements” means the agreements between DK and each of the Principal Shareholders (excluding only those Principal Shareholders other than Sellers Capital Master Fund and Mark Sellers, for which no agreements were available after reasonable efforts by Premier to obtain them), each dated as of the date hereof, substantially in the form and content of Exhibit C hereto, with such changes thereto as the Parties thereto, acting reasonably, may approve whereby the Principal Shareholders agree to vote their Premier Shares in favor of the Premier Shareholders’ Resolution.

“Proxy Statement” means the proxy solicitation statement and notice and proxy of Premier in respect of the Premier Special Meeting including all schedules, appendices and exhibits thereto to be sent to the Premier Shareholders in connection with the Premier Special Meeting and all amendments and supplements thereto.

“PUC” means paid-up capital for the purposes of the ITA.

“Qualified Employee Benefit Plan” has the meaning ascribed thereto in Section 3.2.25(j)(ii).

“Redemption Call Right” has the meaning ascribed thereto in Section 2.10.

“Redemption Call Purchase Price” has the meaning ascribed thereto in Section 2.10.

“Redemption Call Notice” has the meaning ascribed thereto in Section 2.10.

“Registered Intellectual Property” means all Canadian, United States and other foreign:

(a) registered trade-marks and servicemarks;

(b) registered copyrights;

(c) registered industrial designs and design rights;

(d) conditionally issued, issued, registered or granted patent; and

(e) domain names.

“Registration Rights Agreement” has the meaning ascribed thereto in Section 2.5.2.

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“Registration Rights Shareholders’ Agent” means Bao or such other Person as the parties thereto may approve, in his capacity as shareholders’ agent under the Registration Rights Agreement and includes any successor shareholders’ agent appointed under the Registration Rights Agreement.

“Representatives” means the respective directors, officers, employees, advisors of the Parties.

“Retention Agreement” means an agreement with each of the Key Employees of Premier or any of its Subsidiaries as identified by DK in writing to Premier and which shall be substantially in the form attached as Exhibit F.

“Retraction Call Right” has the meaning ascribed thereto in Section 2.9.

“Retraction Call Purchase Price” has the meaning ascribed thereto in Section 2.9.

“Retraction Call Notice” has the meaning ascribed thereto in Section 2.9.

“RMSTI” means RMS Titanic, Inc., a Florida corporation with corporate document number M28105 a wholly owned Subsidiary of Premier and the holder of the Titanic Assets.

“SEC” means the United States Securities and Exchange Commission.

“SEC Documents” means, with respect to any Person, each report, schedule, form, statement, certification or other document filed or furnished with the SEC by such Person (including all exhibits, schedules, amendments, and supplements thereto and all information incorporated by reference) pursuant to Section 13(a) or 15(d) of the Exchange Act and all final and effective registration statements and prospectuses filed by such Person with the SEC pursuant to the Securities Act.

“Second Loan” means a loan provided by the DK Investor Group members to Premier in the amount not to exceed $5.5 million pursuant to the terms of the Amended and Restated Pentwater Note as described in Appendix 5.

“Securities Act” means the United States Securities Act of 1933, as amended.

“Share Provisions” means the special rights and restrictions to be attached to the Exchangeable Shares, which shall be substantially in the form and content of Appendix 6, with such changes thereto as the Parties, acting reasonably, may approve.

“Software” means all computer software including, without limitation, application software, systems software, software design tools, interfaces, object libraries, and microcode in object code or source code forms and firmware, embedded in or used to develop products, and any related documentation including, without limitation, technical documentation, system designs and specifications, flow charts, record and file layouts, memoranda, correspondence and other such documentation containing or relating to the design, structure or coding or testing of, or algorithms or routines used in, or errors discovered in or corrected in such software, user guides and manuals related thereto and any other documentations or material (in whatever form, whether human or machine readable, and in whatever media) relating to such software.

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“Subsidiary” means, with respect to a specified body corporate, any body corporate of which more than 50% of the outstanding shares ordinarily entitled to elect a majority of the board of directors thereof (whether or not shares of any other class or classes shall or might be entitled to vote upon the happening of any event or contingency) are at the time owned directly or indirectly by such specified body corporate and shall include any body corporate, partnership, joint venture, trust or other entity over which it exercises direction or control or which is in a like relation to a subsidiary.

“Success Payment Agreement” means the agreement among Premier and the DK Securityholders substantially in the form attached as Exhibit G.

“Superior Proposal” means any unsolicited bona fide Acquisition Proposal (with the percentage set out in the definition of such term changed from 20% to 50%) received by Premier or a Premier Subsidiary from a third party in writing after the date hereof and that is not subject to any financing condition, other than a committed financing, and that in the good faith determination of the board of directors of Premier, after consultation with financial advisors and outside legal counsel:

(a) is reasonably capable of being completed in accordance with its terms without undue delay, taking into account all legal, financial, regulatory and other aspects of such proposal and the Person making such proposal; and

(b) would, if consummated in accordance with its terms (but not assuming away any risk of non-completion), result in a transaction more favourable, from a financial point of view, to the Premier Shareholders than the transaction contemplated by this Agreement.

“Support Agreement” means an agreement to be made among Premier and Exchangeco, in the draft form attached hereto as Exhibit B, together with such changes thereto as the Parties, acting reasonably, may approve.

“Tax” and “Taxes” means, with respect to any entity, all income taxes (including any tax on or based upon net income, gross income, income as specially defined, earnings, profits or selected items of income, earnings or profits) and all capital taxes, gross receipts taxes, environmental taxes, sales taxes, use taxes, ad valorem taxes, value added taxes, transfer taxes, franchise taxes, licence taxes, withholding taxes, payroll taxes, employment taxes, Canada Pension Plan contributions or premiums and any other governmental pension plan contributions or premiums, excise taxes, social security premiums, workers’ compensation premiums, employment insurance or compensation premiums, stamp taxes, occupation taxes, premium taxes, property taxes, windfall profits taxes, alternative or add on minimum taxes, goods and services tax, customs duties or other taxes, fees, imports, assessments or charges of any kind whatsoever, together with all interest, penalties, fines or additional amounts imposed by any taxing Governmental Entity on such entity, and all interest, penalties, fines, additional taxes and additions to tax imposed with respect to the foregoing.

“Tax Returns” means all returns, declarations, reports, information returns and statements required to be filed with any taxing authority relating to Taxes.

“Third Party Expenses” means all legal, accounting, financial advisory, investment banking, consulting and all other fees and expenses of third parties incurred by a Party in connection with the negotiation and effectuation of the terms and conditions of this Agreement and the transactions contemplated hereby.

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“Third Party Software” means any software (including Software) that is not owned by the Party but is licenced to the Party by another Person.

“Titanic Assets” means (i) the Titanic Collections, as defined in the Titanic Covenants and Conditions, (ii) the related support documentation, (iii) all Intellectual Property owned by RMSTI, and (iv) the Titanic Reserve Account.

“Titanic Collections” means the total assemblage of the French TITANIC Artifact Collection and the Subject TITANIC Artifact Collection as described in the 2011 Opinion.

“Titanic Covenants and Conditions” means the Revised Covenants and Conditions for the Future Disposition of Objects recovered from the RMS Titanic by RMS Titanic, Inc. pursuant to an in specie salvage award granted by the United States District Court for the Eastern District of Virginia, dated as of August 15, 2011.

“Titanic Documents” means (i) the 2010 Opinion; (ii) the 2011 Opinion; (iii) the Titanic Covenants and Conditions; and (iv) the Process Verbal, issued on October 12, 1993 by the Maritime Affairs Administrator for the Ministry of Equipment Transportation and Tourism, French Republic to the Titanic Ventures Limited Partnership, together with the letter of intent of Titanic Ventures Limited Partnership dated September 22, 1993.

“Titanic Reserve Account” means that certain trust reserve account establish by RMSTI pursuant to Article V, Section D of the Titanic Covenants and Conditions.

“Transaction Securities” has the meaning ascribed thereto in Section 3.2.10(a).

“Tribunal” means:

(a) any court (including a court of equity);

(b) any federal, provincial, state, county, municipal or other government or governmental department, ministry, commission, board, bureau, agency or instrumentality or an agency or instrumentality of such governmental department, ministry, commission, board or bureau;

(c) any securities commission, stock exchange or other regulatory or self-regulatory body;

(d) any board of trade, chamber of commerce or other business or professional organization or association;

(e) any arbitrator or arbitration tribunal; and

(f) any other tribunal.

“VWAP” means volume weighted average trading price.

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1.2 Interpretation Not Affected by Headings, etc.

The division of this Agreement into sections and other portions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation hereof. Unless otherwise indicated, all references in this Agreement to a “Section” followed by a number and/or a letter refer to the specified section of this Agreement, and all references in this Agreement to an Appendix or Exhibit followed by a letter refer to the specified Appendix or Exhibit to this Agreement. Unless otherwise indicated, the terms “this Agreement”, “hereof”, “herein”, “hereunder” and “hereby” and similar expressions refer to this Agreement (including the Appendices and Exhibits hereto), as amended or supplemented from time to time pursuant to the applicable provisions hereof, and not to any particular section or other portion hereof.

1.3 Currency

Unless otherwise indicated, all sums of money referred to in this Agreement are expressed in lawful money of the United States of America.

1.4 Number, etc.

Unless the context otherwise requires, words importing the singular shall include the plural and vice versa and words importing any gender shall include all genders.

1.5 Date For Any Action

In the event that any date on which any action is required to be taken hereunder by any of the Parties is not a Business Day, such action shall be required to be taken on the next succeeding day which is a Business Day.

1.6 Entire Agreement

This Agreement and the agreements and other documents referred to herein constitute the entire agreement between the Parties with respect to the Merger, the DK Investor Group Financing, the Success Payment Agreement and other transactions contemplated hereby and supersede all other prior agreements, understandings, negotiations and discussions, whether oral or written, between the Parties with respect thereto, other than the Confidentiality Agreement.

1.7 Accounting Matters

1.7.1      Unless otherwise indicated, all accounting terms used in this Agreement in respect of DK or any DKSub shall have the meanings attributable thereto under Canadian generally accepted accounting principles and all determinations of an accounting nature in respect of DK required to be made shall be made in a manner consistent with Canadian generally accepted accounting principles and past practice.

1.7.2      Unless otherwise indicated, all accounting terms used in this Agreement in respect of Premier shall have the meanings attributable thereto under United States generally accepted accounting principles and all determinations of an accounting nature in respect of Premier required to be made shall be made in a manner consistent with United States generally accepted accounting principles and past practice.

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1.8 Construction

In this Agreement, unless otherwise indicated:

(a) the words “include”, “including” or “in particular”, when following any general term or statement, shall not be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather as permitting the general term or statement to refer to all other items or matters that could reasonably fall within the broadest possible scope of the general term or statement;

(b) a reference to a statute means that statute, as amended and in effect as of the date of this Agreement, and includes each and every regulation and rule made thereunder and in effect as of the date hereof;

(c) a reference to an “approval”, “authorization”, “consent”, “designation”, “notice” or “agreement” means an approval, authorization, consent, designation, notice or agreement, as the case may be, in writing, signed by an authorized Representative of the Party or parties thereto;

(d) the phrase “ordinary course of business”, or any variation thereof, of any Person refers to the business of such Person, carried on in the regular and ordinary course including commercially reasonable and businesslike actions that are in the regular and ordinary course of business for such Person consistent with the past practices of such Person;

(e) where a word, term or phrase is defined, its derivatives or other grammatical forms have a corresponding meaning; and

(f) time is of the essence.

1.9 Knowledge

In this Agreement, the phrase “to the knowledge of” any Person, “to the best knowledge of” any Person, “known to” any Person, “of which it is aware” or any similar phrase means, unless otherwise indicated, (i) with respect to any Person who is an individual, the actual knowledge of such Person after reasonable enquiry; (ii) with respect to DK, in their capacity as officers or directors of DK and not in their personal capacity, the actual knowledge of Bao and Fiona He after reasonable enquiry; and (iii) with respect to Premier and Exchangeco, in their capacity as directors or officers of Premier and Exchangeco and not in their personal capacity, the actual knowledge of Sam Weiser, Michael Little, Larkin Fowler and John Norman after reasonable enquiry.

1.10 Appendices and Exhibits

The following Appendices and Exhibits are annexed to this Agreement and are hereby incorporated by reference into this Agreement and form an integral part hereof:

Appendix 1	-	Intentionally Left Blank
Appendix 2	-	Applicable Regulatory Approvals

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Appendix 3	-	Intentionally Left Blank
Appendix 4	-	Premier Business Plan
Appendix 5	-	DK Investor Group Financing Term Sheet
Appendix 6	-	Share Provisions
Appendix 7	-	Merger Shares Rights and Restrictions
Exhibit A	-	Intentionally Left Blank
Exhibit B	-	Support Agreement
Exhibit C	-	Principal Shareholder Voting Agreement
Exhibit D	-	Corporate Governance Agreement
Exhibit E	-	Registration Rights Agreement
Exhibit F	-	Retention Agreement
Exhibit G	-	Success Payment Agreement

The Parties hereto agree that each of Appendix 6, Exhibit B, Exhibit F, and Exhibit G, may be amended from the form attached hereto at any time before the Effective Time with consent of the Parties.

2.0 THE MERGER

2.1 Implementation Steps by DK

DK covenants in favour of Premier and Exchangeco that DK shall, subject to the satisfaction or waiver of the conditions set out in Section 5.0 (excluding conditions that, by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the waiver of those conditions as of the Effective Date), as soon as reasonably practicable thereafter, take all such actions as may be necessary to effect the Merger in accordance with this Agreement.

2.2 Implementation Steps by the DK Securityholders

Each of the DK Securityholders covenants in favour of Premier and Exchangeco that, at the Effective Time and provided this Agreement has not been terminated, they will execute and deliver to Premier a notice setting out their election to transfer a specified number of their DK Shares (each, an “Elected Share”) to Exchangeco (or as directed by Exchangeco) in exchange for Exchangeable Shares with the balance of their DK Shares being transferred to Exchangeco in exchange for Premier Shares and they will deliver to Exchangeco the original certificates representing all of the DK Shares duly endorsed for transfer to Exchangeco (or as directed by Exchangeco) and each of them will deliver to Premier, in cash or cheque, the Premier Merger Share Subscription Price.

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2.3 Implementation Steps by Premier and Exchangeco

(a) Premier covenants in favour of DK that, it shall without delay and using all reasonably commercial efforts convene and hold the Premier Special Meeting as promptly as practicable after execution of this Agreement, but in any event not later than August 20, 2015 for the purpose of seeking approval by the Premier Shareholders of the Premier Shareholders’ Resolution;

(b) Subject to the satisfaction or waiver of the conditions set out in Section 5.0 in favour of Premier and provided that this Agreement has not been terminated, and subject to Section 2.4, Premier covenants in favour of DK and the DK Securityholders that:

(i) at the Effective Time, to the extent not already implemented, Premier shall ensure its articles and by-laws are amended to, if necessary, provide for the creation, allotment or issuance of the Premier Merger Shares;

(ii) at the Effective Time, in exchange for the Elected Shares, Premier will cause Exchangeco to issue and deliver to each DK Securityholder that number of Exchangeable Shares equal to the Exchangeco Exchange Ratio in respect of the DK Common Shares or the DK Preferred Shares, as the case may be, multiplied by the relevant number of Elected Shares transferred to Exchangeco by such DK Securityholder, and will cause such issuance to be reflected in the central securities register of each of DK and Exchangeco;

(iii) at the Effective Time, in exchange for all DK Shares which are not Elected Shares, Premier will issue and cause Exchangeco to deliver each DK Securityholder that number of Premier Shares equal to the Premier Exchange Ratio in respect of the DK Common Shares or the DK Preferred Shares, as the case may be, multiplied by the relevant number of DK Shares other than Elected Shares transferred to Exchangeco by such DK Securityholder, and such transfer and issuance will be reflected in the central securities register (or such similar register as may be maintained by Premier) of DK and Premier;

(iv) at the Effective Time, Premier will subscribe for common shares in the authorized share structure of Exchangeco at an aggregate subscription price equal to the value of the Premier Shares described in Section 2.3(b)(iii), which subscription price will be paid in full by Premier issuing and delivering such Premier Shares to Exchangeco, and Premier will cause Exchangeco to issue such common shares of Exchangeco to Premier at the Effective Time in full payment and consideration therefor;

(v) at the Effective Time, Premier will execute and deliver the Ancillary Agreements to which it is a party;

(vi) at the Effective Time, Premier will cause Exchangeco to execute and deliver the Support Agreement;

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(vii) at the Effective Time, Premier will issue one Premier Merger Share to each of the DK Securityholders (with each such share issued in a separate class from the other) in consideration of the receipt by Premier from each of the DK Securityholders of full payment of the Premier Merger Share Subscription Price; and

(viii) on or after the Effective Time, Premier will deliver such securities, funds or other property as it may be required to deliver to Exchangeco from time to time pursuant to the Support Agreement (as the case may be).

2.4 Proxy Statement and Premier Special Meeting

2.4.1     As soon as reasonably practicable, Premier will immediately upon execution of this Agreement prepare the Proxy Statement, together with any and all other documents required by the Securities Act or other applicable Laws in connection with the Merger. Premier shall diligently pursue clearance of the Proxy Statement with the SEC and obtain any other Applicable Regulatory Approvals to the mailing of the Proxy Statement to the Premier Shareholders. Premier shall provide to DK copies of all correspondence with and from the SEC or any other Person from which approval or consent is required in connection with the holding of the Premier Special Meeting and the use of the Proxy Statement in connection with the holding of the Premier Special Meeting and shall provide to DK draft responses to correspondence received by Premier in connection with the review of the Proxy Statement by the SEC or in connection with any other Applicable Regulatory Approvals. Premier shall consider any comments provided by DK in connection to such draft response. As promptly as practicable after the completion of the Proxy Statement, Premier shall cause the Proxy Statement and all other documentation required in connection with the Premier Special Meeting to be sent to each Premier Shareholder and to be filed as required by applicable Laws.

2.4.2    DK shall provide to Premier all information in its possession or under its control regarding DK, its Subsidiaries and DK Business as required by applicable Laws for inclusion in the Proxy Statement or in any amendments or supplements to such Proxy Statement. DK shall use commercially reasonable efforts to obtain any necessary consent from any of its auditors and any other advisors to the use of any financial or other expert information in its possession or under its control required to be included in the Proxy Statement. DK shall use commercially reasonable efforts to verify, where possible, that such information shall be complete and correct in all material respects and comply in all material respects with applicable Laws and that it does not include any misrepresentation, and that such information constitutes full, true and plain disclosure concerning DK and its assets. DK and its legal counsel shall be given a reasonable opportunity to review, comment on, and approve, the Proxy Statement, and each and every other document to be filed with the SEC in connection with the Premier Special Meeting and the proposed Merger. Premier and its counsel shall give reasonable consideration to any comments made by DK and its legal counsel; provided, however, that all information relating solely to Premier, included in the Proxy Statement shall be in form and content satisfactory to Premier, acting reasonably. Premier shall prepare the Proxy Statement, together with any and all other documents required by the Securities Act or other applicable Laws in connection with the Merger. Premier shall file its preliminary Proxy Statement as soon as reasonably practical after the date hereof and shall use its reasonable best efforts to file the definitive Proxy Statements as soon as reasonably practical after the date hereof.

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2.4.3    Premier shall diligently pursue (i) clearance of the Proxy Statement with the SEC and (ii) obtaining any other Applicable Regulatory Approvals to the mailing of the Proxy Statement to the Premier Shareholders. Premier shall provide copies of all correspondence with and from the SEC or any other Person from which approval or consent is required in connection with the holding of the Premier Special Meeting and the use of the Proxy Statement in connection with the holding of the Premier Special Meeting to DK and shall provide to DK draft responses to correspondence received by Premier in connection with the review of the Proxy Statement by the SEC or in connection with any other Applicable Regulatory Approvals. Premier shall give reasonable consideration to any comments provided by DK or its counsel in connection to such draft response.

2.4.4    As promptly as reasonably practicable following the clearance of the Proxy Statement by the SEC, Premier shall (i) take all action necessary to duly call, give notice of, establish a record date for, convene and hold the Premier Special Meeting and take all commercially reasonable action to solicit proxies approving the adoption of this Agreement and to otherwise obtain the approval of the Premier Shareholders’ Resolution by the Premier Shareholders. Premier shall, upon the reasonable request of DK, advise DK at least on a daily basis on each of the last seven Business Days prior to the date of the Premier Special Meeting as to the aggregate tally of proxies received by Premier with respect to the approval of the Premier Shareholders’ Resolution. Premier shall not adjourn, postpone or delay the Premier Special Meeting without the prior written consent of DK, other than to the extent required to allow reasonable additional time for the filing and mailing of any supplemental or amended disclosure which the SEC or its staff has instructed Premier is necessary under applicable Law and for such supplemental or amended disclosure to be disseminated and reviewed by the Premier Shareholders prior to the Premier Special Meeting. Notwithstanding the foregoing, after the Premier Special Meeting has been convened, Premier shall, upon the request of DK, and Premier may, if DK does not make such request, adjourn the Premier Special Meeting on one or more occasions to the extent necessary (i) to solicit additional proxies in favor of adoption of Premier Shareholders’ Resolution, for such time period as determined by DK (or, if DK does not make such request, as determined by Premier); provided, however, that in the case of clause (i) (A) such adjournment shall not exceed 15 calendar days for each such adjournment; (B) the Premier Special Meeting shall not be adjourned by more than 45 calendar days in the aggregate from the originally scheduled date of the Premier Special Meeting; and (C) no such adjournment shall be permitted if Premier shall have received by the Premier Special Meeting an aggregate number of proxies voting for the adoption of the Premier Shareholders’ Resolution, which have not been withdrawn, such that the Premier Shareholders’ Resolution would be approved if a vote were taken at the Premier Special Meeting. Once Premier has established the record date for the Premier Special Meeting, Premier shall not change such record date or establish a different record date without the prior written consent of DK, unless required to do so by Law (determined after consultation with outside counsel), including as a result of any adjournment or postponement of the Premier Special Meeting permitted by this Section.

2.4.5    Premier shall cause the definitive Proxy Statement to be mailed promptly, as soon as reasonably practical, after the date the SEC staff advises that it has no further comments thereon, or if the SEC staff does not comment on the preliminary Proxy Statement within the expired time for comments to be deliver, as soon as reasonably practical after the comment expiry period.

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2.5 Securities Compliance

2.5.1    If BC Instrument 72-502 of the British Columbia Securities Commission is no longer existing in its current form, Premier shall use all reasonable commercial efforts to obtain all orders required from the securities regulatory authorities of the Province of British Columbia, on terms and conditions acceptable to DK and Premier, to permit the first resale through the facilities of a stock exchange or market in the United States or through the NCM (provided that such first resale is made in accordance with the rules of the stock exchange or market upon which the trade is made or the rules of the NCM in accordance with all Laws applicable to that stock exchange or market or applicable to the NCM) of the Premier Shares to be issued upon the Merger and on the exchange of Exchangeable Shares in connection with the retraction rights attached to the Exchangeable Shares, the redemption of such Exchangeable Shares by Exchangeco, the exercise by Premier of its Redemption Call Right, Retraction Call Right or Liquidation Call Right or the automatic exchange rights contemplated in Section 2.11 from time to time, and conversion of the Amended and Restated Pentwater Note and under the Success Payment Agreement, in each case without qualification with or approval of or the filing of any document, including any prospectus or similar document, or the taking of any proceeding with, or the obtaining of any order, ruling or consent from, any Canadian Governmental Entity or regulatory authority under any Canadian federal, provincial or territorial securities or other Canadian Laws or pursuant to the rules and regulations of any regulatory authority administering such Laws, or the fulfilment of any other legal requirement in any such jurisdiction (other than, with respect to such first resales, any restrictions on transfer by reason of, among other things, a holder being a “control person” for the purposes of Canadian federal, provincial or territorial securities Laws).

2.5.2 On the Effective Date, Premier, DK Securityholders and the Registration Rights Shareholders’ Agent will enter into a registration rights agreement (the “Registration Rights Agreement”), substantially in the form attached as Exhibit E hereto.

2.6 Preparation of Filings

2.6.1 Premier, DK, Bao and Brenner shall cooperate in:

(a) the preparation of such applications for such required registration statements and such other documents reasonably deemed by Premier or DK to be necessary to discharge, in the manner contemplated by Section 2.5, their respective obligations under United States and Canadian federal, provincial, territorial or state securities Laws in connection with the Merger and the other transactions contemplated hereby;

(b) the taking of all such action as may be required under any applicable United States and Canadian federal, provincial, territorial or state securities Laws (including “blue sky laws”), in connection with the issuance of the Exchangeable Shares under the Merger and exchange of the Premier Shares in connection with the retraction and redemption rights attached to the Exchangeable Shares, to the extent the same is contemplated by Section 2.5; provided, however, that with respect to the United States “blue sky” and Canadian provincial qualifications neither Premier nor DK shall be required to register or qualify as a foreign corporation or to take any action that would subject it to service of process in any jurisdiction where such entity is not now so subject, except (i) as set out in Section 2.5.22.4.2; and (ii) as to matters and transactions arising solely from the offer and sale of the Premier Shares; and

(c) the taking of all such action as may be required under applicable Law in connection with the transactions contemplated by this Agreement.

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2.6.2    Each of Premier and DK shall, on a timely basis, furnish to the other all such information concerning it and its shareholders (and, in the case of DK, Premier and Exchangeco) as may be required (and, in the case of its shareholders) available to it to complete the Proxy Statement and effect the actions described in Section 2.5 and the foregoing provisions of this Section 2.6, and each covenants that no information furnished by it (to its knowledge in the case of information concerning its shareholders) in connection with such actions or otherwise in connection with the consummation of the Merger and the other transactions contemplated by this Agreement will contain any untrue statement of a material fact or omit to state a material fact required to be stated in any such document or necessary in order to make any information so furnished for use in any such document not misleading in the light of the circumstances in which it is furnished or to be used.

2.6.3    Each of Premier and DK shall promptly notify the other if at any time before or after the Effective Time it becomes aware that the Proxy Statement or an application for a registration statement described in the Registration Rights Agreement contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made, or that otherwise requires an amendment or supplement to the Proxy Statement or such application or registration statement. In any such event, Premier and DK shall cooperate in the preparation of a supplement or amendment to the Proxy Statement or such other document, as required and as the case may be, and, if required, shall cause the same to be distributed to the Premier Shareholders and/or filed with the relevant securities regulatory authorities.

2.6.4    Each of DK (solely with respect to disclosure provided by and for inclusion in the Proxy Statement) and Premier shall ensure that the Proxy Statement complies with all applicable Laws and Premier shall ensure that the issuance of the Exchangeable Shares and the Premier Shares comply with the requirements of the exemption provided under Rule 506 of Regulation D promulgated under the Securities Act. The Proxy Statement shall include all disclosure or legends as legal counsel to Premier advises are required to ensure that the sale and issuance of Premier Shares issuable upon exchange of the Exchangeable Shares is exempt from the registration requirements of the Securities Act. Without limiting the generality of the foregoing, each of DK and Premier shall ensure that the Proxy Statement does not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made (other than, in the case of DK, with respect to any information relating to and provided by Premier or Exchangeco and, in the case of Premier, with respect to information relating to and provided by DK) and Premier shall ensure that the Proxy Statement provides Premier Shareholders with information in sufficient detail to permit them to form a reasoned judgment concerning the matters to be placed before them at the Premier Special Meeting.

2.6.5    Premier shall ensure that the Form S-3 or Form S-4 filed with the SEC pursuant to this Agreement or the Registration Rights Agreement complies with all applicable Laws and, without limiting the generality of the foregoing, that such documents do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements contained therein not misleading in light of the circumstances in which they are made (other than with respect to any information relating to and provided by DK, DK Securityholders or any third party that is not an affiliate of Premier for inclusion therein), and DK shall provide to Premier, for inclusion in the Form S-3 or Form S-4, all information regarding DK and the DK Securityholders which is necessary for the completion and filing thereof.

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2.7 NCM Listing

As promptly as practicable after the execution of this Agreement, Premier shall apply to obtain a conditional listing on the NCM for the Premier Shares to be delivered under the Merger, on the exchange of Exchangeable Shares as a result of the retraction rights attached to the Exchangeable Shares, the redemption of such Exchangeable Shares by Exchangeco or the exercise by Premier of its Redemption Call Right, Retraction Call Right or Liquidation Call Right or the automatic exchange rights contemplated in Section 2.11, from time to time, and conversion of the Amended and Restated Pentwater Note and under the Success Payment Agreement.

2.8 Certain Rights of Premier to Acquire Exchangeable Shares

Premier shall be entitled, and each DK Securityholder who receives Exchangeable Shares pursuant to this Agreement shall be subject, to the Liquidation Call Right, Retraction Call Right and the Redemption Call Right.

Capitalized terms used in Sections 2.8, 2.9, 2.10, and 2.11 and not otherwise defined in this Agreement shall have the meaning ascribed thereto in the Share Provisions.

2.8.1    Premier Liquidation Call Right

(a) Premier shall have the overriding right (the “Liquidation Call Right”), in the event of and notwithstanding the proposed liquidation, dissolution or winding-up of Exchangeco pursuant to Article 28.4 of the Share Provisions, to purchase from all but not less than all of the holders of Exchangeable Shares (other than Premier and its Subsidiaries) on the Liquidation Date all but not less than all of the Exchangeable Shares held by each such holder on payment by Premier of an amount per share (the “Liquidation Call Purchase Price”) equal to the sum of (a) the Current Market Price of a Premier Share on the last Business Day prior to the Liquidation Date, which shall be satisfied in full by causing to be delivered to such holder one Premier Share, plus (b) the Dividend Amount, if any. In the event of the exercise of the Liquidation Call Right by Premier, each holder of Exchangeable Shares (other than Premier and its Subsidiaries) shall be obligated to sell all the Exchangeable Shares held by such holder to Premier on the Liquidation Date on payment by Premier to the holder of the Liquidation Call Purchase Price for each such share.

(b) In order to exercise its Liquidation Call Right, Premier must notify Exchangeco by written notice (a “Liquidation Call Notice”) within five Business Days of notification to Premier by Exchangeco of the Liquidation Date. Upon the proposed liquidation, dissolution or winding-up of Exchangeco pursuant to Article 28.4 of the Share Provisions, Exchangeco shall immediately notify Premier thereof. If Premier so notifies Exchangeco within such five Business Day period, Exchangeco shall notify the holders of Exchangeable Shares as soon as possible thereafter as to the exercise of the Liquidation Call Right. If Premier delivers a Liquidation Call Notice within such five Business Day period, Premier shall purchase from such holders, and such holders shall sell to Premier on the Liquidation Date the Exchangeable Shares for the Liquidation Call Purchase Price.

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(c) For the purposes of completing a purchase of the Exchangeable Shares pursuant to the exercise of the Liquidation Call Right, Premier shall deposit with the Transfer Agent, on or before the Liquidation Date, certificates representing the total number of Premier Shares deliverable by Premier (which shares shall be duly issued as fully paid and non-assessable and shall be free and clear of any Encumbrance) in payment of the total Liquidation Call Purchase Price and a cheque in the amount of the remaining portion, if any, of the total Liquidation Call Purchase Price and any interest allowed on such deposit shall belong to Premier. Provided that the total Liquidation Call Purchase Price has been so deposited with the Transfer Agent, on and after the Liquidation Date the rights of each holder of Exchangeable Shares will be limited to receiving such holder's proportionate part of the total Liquidation Call Purchase Price payable by Premier, upon presentation and surrender by the holder of Exchangeable Shares of certificates representing the Exchangeable Shares held by such holder in accordance with the following provisions and such holder shall on and after the Liquidation Date be considered and deemed for all purposes to be the holder of the Premier Shares delivered to such holder. Upon surrender to the Transfer Agent of a certificate representing Exchangeable Shares, together with such other documents and instruments as may be required to effect a transfer of Exchangeable Shares and such additional documents and instruments as the Transfer Agent and Exchangeco may reasonably require, the holder of such surrendered certificate shall be entitled to receive in exchange therefor, and the Transfer Agent on behalf of Premier shall deliver to such holder, a certificate representing the Premier Shares to which such holder is entitled and a cheque in payment of the remaining portion, if any, of the holder's proportionate part of the total Liquidation Call Purchase Price, and such delivery of such certificate and cheque on behalf of Premier by the Transfer Agent shall be deemed to be payment of and shall satisfy and discharge all liability for the total Liquidation Call Purchase Price to the extent that the same is represented by such share certificate and cheque, unless such cheque is not paid on due presentation. If Premier does not exercise its Liquidation Call Right in the manner described above, on the Liquidation Date the holders of Exchangeable Shares shall be entitled to receive in exchange therefor the liquidation price otherwise payable by Exchangeco in connection with the liquidation, dissolution or winding up of Exchangeco pursuant to Article 28.4 of the Share Provisions.

2.9 Premier Retraction Call Right

2.9.1     In the event that a holder of Exchangeable Shares (other than Premier or its Subsidiaries) delivers a Retraction Request pursuant to Article 28.5 of the Share Provisions and subject to the limitations set forth in Article 28.5 of the Share Provisions, Premier shall have the overriding right (a “Retraction Call Right”), notwithstanding the proposed redemption of the Exchangeable Shares by Exchangeco pursuant to Article 28.5 of the Share Provisions, to purchase from such holder on the Retraction Date all but not less than all of the Retracted Shares held by such holder on payment by Premier of an amount per share equal to the Retraction Call Purchase Price (as defined below). In the event of the exercise of a Retraction Call Right, a holder of Exchangeable Shares (other than Premier or its Subsidiaries) who has delivered a Retraction Request shall be obligated to sell all the Retracted Shares to Premier on the Retraction Date on payment by Premier of an amount per share equal to (a) the Current Market Price of a Premier Share on the last Business Day prior to the Retraction Date, which shall be satisfied in full by Premier causing to be delivered to such holder one Premier Share for each Exchangeable Share presented and surrendered by the holder, plus (b) the Dividend Amount, if any (collectively, the “Retraction Call Purchase Price”).

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2.9.2     Upon receipt by Exchangeco of a Retraction Request, Exchangeco shall immediately notify Premier thereof. In order to exercise its Retraction Call Right, Premier must notify Exchangeco (a “Call Notice”) within five Business Days of notification to Premier by Exchangeco of the receipt by Exchangeco of the Retraction Request. If Premier so notifies Exchangeco within such five Business Day period, Exchangeco shall notify the holder as soon as possible thereafter as to the exercise of a Retraction Call Right. If Premier delivers a Call Notice within such five Business Day period, the obligation of Exchangeco to redeem the Retracted Shares shall terminate and, provided that the Retraction Requested is not revoked by the holder in the manner specified in Article 28.5 of the Share Provisions, Premier shall purchase from such holder, and such holder shall sell to Premier on the Retraction Date the Retracted Shares for the Retraction Call Purchase Price. For the purposes of completing a purchase pursuant to a Retraction Call Right, Premier shall deposit with the Transfer Agent, on or before the Retraction Date, certificates representing the number of Premier Shares to which such holder is entitled and a cheque in the amount of the remaining portion, if any, of the aggregate Retraction Call Purchase Price to which such holder is entitled. Provided that the aggregate Retraction Call Purchase Price has been so deposited with the Transfer Agent, the closing of the purchase and sale of the Retracted Shares pursuant to the Retraction Call Right shall be deemed to have occurred as at the close of business on the Retraction Date and, for greater certainty, no redemption by Exchangeco of such Retracted Shares shall take place on the Retraction Date. In the event that Premier does not deliver a Call Notice within such five Business Day period, and provided that the Retraction Request is not revoked by the holder in the manner specified in Article 28.5 of the Share Provisions, Exchangeco shall redeem the Retracted Shares on the Retraction Date and in the manner otherwise contemplated in Article 28.5 of the Share Provisions.

2.9.3     For the purpose of completing a purchase of Exchangeable Shares pursuant to the exercise of a Retraction Call Right, Premier shall deliver or cause the Transfer Agent to deliver to the relevant holder, at the address of the holder recorded in the securities register of Exchangeco for the Exchangeable Shares or at the address specified in the holder's Retraction Request or by holding for pick up by the holder at the registered office of Exchangeco or at any office of the Transfer Agent as may be specified by Exchangeco by notice to the holders of Exchangeable Shares, a certificate representing the number of Premier Shares to which such holder is entitled (which shares shall be duly issued as fully paid and non-assessable and shall be free and clear of any lien, claim, encumbrance, security interest or adverse claim) registered in the name of the holder or in such other name as the holder may request in payment of the Retraction Call Purchase Price and a cheque of Premier payable in Canadian dollars at any branch of the bankers of Exchangeco in Canada in payment of the remaining portion, if any, of such aggregate Retraction Call Purchase Price and such delivery of such certificate and cheque on behalf of Premier by the Transfer Agent shall be deemed to be payment of and shall satisfy and discharge all liability for the Retraction Call Purchase Price to the extent that the same is represented by such share certificate and cheque, unless such cheque is not paid on due presentation.

2.9.4     On and after the close of business on the Retraction Date, the holder of the Retracted Shares shall not be entitled to exercise any of the rights of a holder in respect thereof, other than the right to receive its proportionate part of the total Retraction Call Purchase Price unless such presentation and surrender of certificates in accordance with the foregoing provisions has been made, payment of the aggregate Retraction Call Purchase Price payable to such holder shall not be made, in which case the rights of such holder shall remain unaffected until such aggregate Retraction Call Purchase Price has been paid in the manner hereinbefore provided. On and after the close of business on the Retraction Date, provided that presentation and surrender of certificates and payment of such aggregate Retraction Call Purchase Price has been made in accordance with the foregoing provisions, the holder of the Retracted Shares so purchased by Premier shall thereafter be considered and deemed for all purposes to be a holder of the Premier Shares delivered to such holder.

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2.10 Premier Redemption Call Right

2.10.1    Premier shall have the overriding right (a “Redemption Call Right”), notwithstanding the proposed redemption of the Exchangeable Shares by Exchangeco pursuant to Article 28.6 of the Share Provisions, to purchase from the holders of Exchangeable Shares (other than Premier and its Subsidiaries) on the last Business Day prior to the Redemption Date in respect of which the Redemption Call Right is exercised all but not less than all of the Exchangeable Shares that Exchangeco proposes to redeem pursuant to Article 28.6 of the Share Provisions, on payment by Premier of an amount per share equal to (a) the Current Market Price of a Premier Share on the last Business Day prior to such Redemption Date, which shall be satisfied in full by causing to be delivered to such holder one Premier Share plus (b) the Dividend Amount, if any (collectively, the “Redemption Call Purchase Price”). In the event of the exercise of a Redemption Call Right, each holder of Exchangeable Shares (other than Premier and its Subsidiaries) shall be obligated to sell all the Exchangeable Shares held by such holder to Premier on the last Business Day prior to such Redemption Date on payment by Premier to such holder of the Redemption Call Purchase Price for each such share.

2.10.2    In order to exercise its Redemption Call Right, Premier must notify Exchangeco by written notice (a “Redemption Call Notice”) within five Business Days of notification to Premier by Exchangeco of the Redemption Date. If Premier so notifies Exchangeco within such five Business Day period, Exchangeco shall notify the holders of Exchangeable Shares as soon as possible thereafter as to the exercise of a Redemption Call Right. If Premier delivers a Redemption Call Notice within such five Business Day period, on the Redemption Date Premier shall purchase from such holders, and such holders shall sell to Premier on the Redemption Date the Exchangeable Shares, for the Redemption Call Purchase Price.

2.10.3   For the purposes of completing a purchase of the Exchangeable Shares pursuant to the exercise of a Redemption Call Right, Premier shall deposit with Exchangeco, on or before the last Business Day prior to the Redemption Date, certificates representing the total number of Premier Shares deliverable by Premier (which shares shall be duly issued as fully paid and non-assessable and shall be free and clear of any lien, claim, encumbrance, security interest or adverse claim) in payment of the total Redemption Call Purchase Price and a cheque in the amount of the remaining portion, if any, of the total Redemption Call Purchase Price and any interest allowed on such deposit shall belong to Premier. Provided that the total Redemption Call Purchase Price has been so deposited with Exchangeco, on and after the last Business Day prior to such Redemption Date the rights of each holder of Exchangeable Shares (other than Premier and its Subsidiaries) will be limited to receiving such holder’s proportionate part of the total Redemption Call Purchase Price payable by Premier upon presentation and surrender by such holder of certificates representing the Exchangeable Shares held by such holder in accordance with the following provisions and such holder shall on and after the last Business Day prior to such Redemption Date be considered and deemed for all purposes to be the holder of the Premier Shares delivered to such holder. Upon surrender to Exchangeco of a certificate representing Exchangeable Shares, together with such other documents and instruments as may be required to effect a transfer of Exchangeable Shares and such additional documents and instruments as Exchangeco may reasonably require, the holder of such surrendered certificate shall be entitled to receive in exchange therefor, and the Transfer Agent on behalf of Premier shall deliver to such holder, a certificate representing the Premier Shares to which such holder is entitled and a cheque in payment of the remaining portion, if any, of the holder’s proportionate part of the total Redemption Call Purchase Price, and such delivery of such certificate and cheque on behalf of Premier by the Transfer Agent shall be deemed to be payment of and shall satisfy and discharge all liability for the total Redemption Call Purchase Price to the extent that the same is represented by such share certificate and cheque, unless such cheque is not paid on due presentation. If Premier does not exercise the Redemption Call Right in the manner described above, on the Redemption Date a holder of Exchangeable Shares shall be entitled to receive in exchange therefor the redemption price otherwise payable by Exchangeco in connection with the redemption of the Exchangeable Shares pursuant to Article 28.6 of the Share Rights.

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2.11 Automatic Exchange Right

So long as, and at all times that, Exchangeable Shares remain issued and outstanding and held other than by Premier and its Subsidiaries, Premier will give the holders of Exchangeable Shares (other than Premier and its Subsidiaries) notice of each of the following events at the time set forth below:

(a) in the event of any determination by the board of directors of Premier to institute voluntary liquidation, dissolution or winding-up proceedings with respect to Premier or to effect any other distribution of assets of Premier among its shareholders for the purpose of winding up its affairs (each a “Liquidation Event”), as soon as practicable and in any event at least 60 days prior to the proposed effective date of such liquidation, dissolution, winding-up or other distribution; and

(b) as soon as practicable following the earlier of (A) receipt by Premier of notice of, and (B) Premier otherwise becoming aware of, any threatened or instituted claim, suit, petition or other proceedings with respect to the involuntary liquidation, dissolution or winding-up of Premier or to effect any other distribution of assets of Premier among its shareholders for the purpose of winding up its affairs.

In order that the holders of Exchangeable Shares (other than Premier and its Subsidiaries) will be able to participate on a pro rata basis with the holders of Premier Shares in the distribution of assets of Premier in connection with a Liquidation Event, on the fifth Business Day prior to the effective date (the “Liquidation Event Effective Date”) of a Liquidation Event all of the then outstanding Exchangeable Shares held by such holders shall be automatically exchanged for Premier Shares. To effect such automatic exchange, Premier shall purchase on the fifth Business Day prior to the Liquidation Event Effective Date each such Exchangeable Share then outstanding and each such holder shall sell the Exchangeable Shares held by it at such time, for a purchase price per share equal to (a) the Current Market Price of a Premier Share on the fifth Business Day prior to the Liquidation Event Effective Date, which shall be satisfied in full by Premier issuing to such holder one Premier Share, and (b) to the extent not paid by Exchangeco, an additional amount equivalent to the full amount of all declared and unpaid dividends on each such Exchangeable Share held by such holder on any dividend record date which occurred prior to the date of the exchange.

On the fifth Business Day prior to the Liquidation Event Effective Date, the closing of the transaction of purchase and sale contemplated by the foregoing automatic exchange of Exchangeable Shares for Premier Shares shall be deemed to have occurred, and each holder of Exchangeable Shares (other than Premier and its Subsidiaries) shall be deemed to have transferred to Premier all of such holder’s right, title and interest in and to such holder’s Exchangeable Shares and any right of each such holder to receive declared and unpaid dividends from Exchangeco and each such holder shall cease to be a holder of such Exchangeable Shares and Premier shall issue to each such holder the Premier Shares issuable upon the automatic exchange of Exchangeable Shares for Premier Shares, which shares shall be duly issued as fully paid and non-assessable and shall be free and clear of all liens, charges and encumbrances created or imposed by Premier, and on the applicable payment date shall deliver to such holders a cheque for the balance, if any, of the total purchase price for such Exchangeable Shares without interest but less any amounts withheld pursuant to Section 2.12. Concurrently with such holder ceasing to be a holder of Exchangeable Shares, such holder shall be considered and deemed for all purposes to be the holder of the Premier Shares issued pursuant to the automatic exchange of Exchangeable Shares for Premier Shares and the certificates held by such holder previously representing the Exchangeable Shares exchanged by such holder with Premier pursuant to such automatic exchange shall thereafter be deemed to represent Premier Shares issued to such holder by Premier pursuant to such automatic exchange.

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2.12 Tax Witholdings

Premier, Exchangeco, and the Transfer Agent shall be entitled to deduct and withhold from any consideration deliverable or otherwise payable to any person pursuant to this Agreement such amounts as are required to be deducted or withheld (and remitted to a Governmental Entity) with respect to such payment under the ITA or any provision of any other applicable Law, provided however that if such deduction or withholding obligation may be reduced or eliminated by any applicable taxation treaty, convention or applicable law, Premier, Exchangeco or the Transfer Agent (as the case may be), together with any relevant holder of Exchangeable Shares shall take reasonable and permitted steps to obtain such reduction or elimination of that obligation. To the extent that such consideration is so withheld or deducted and paid over to the applicable Governmental Entity, such withheld or deducted amounts shall be treated for all purposes of this Agreement as having been paid to such person as the remainder of the payment in respect of which such deduction and withholding were made. To the extent that the amount so required or permitted to be deducted or withheld from any payment to a person exceeds the cash portion of the consideration otherwise payable to such person, Premier, Exchangeco, and the Transfer Agent are hereby authorized to sell or otherwise dispose, on behalf of such person thereof, of such portion of the consideration as is necessary to provide sufficient funds to Premier, Exchangeco or the Transfer Agent, as the case may be, to enable it to comply with such deduction or withholding requirement, and Premier, Exchangeco or the Transfer Agent shall notify such person thereof and remit any unapplied balance of the net proceeds of such sale.

2.13 Transfers Free and Clear

All transfers of securities pursuant to this Agreement shall be free and clear of all Encumbrances.

2.14 No Fractional Shares

No fractional shares (or certificates representing same) shall be issued pursuant to this Agreement and all fractional shares otherwise issuable shall be rounded down to the nearest number of whole shares and no compensation shall be payable in respect of such fractional shares.

3.0 REPRESENTATIONS AND WARRANTIES

3.1 Representations and Warranties of DK

DK represents and warrants as of the date hereof to and in favour of Premier and Exchangeco as follows and acknowledges that each of Premier and Exchangeco is relying on such representations and warranties in connection with the matters contemplated by this Agreement and the Merger and transactions contemplated herein:

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3.1.1       Incorporation and Organization of DK

DK is a company duly incorporated under the Business Corporations Act (British Columbia), SBC 2002, c. 57, is validly subsisting, has full corporate and legal power and authority to own, lease and operate the properties currently owned, leased and operated by it and to conduct the DK Business as currently conducted and is in good standing with the Office of the Registrar of Companies for the Province of British Columbia with respect to the filing of annual reports. Each of DK and each DKSub is duly qualified or licenced to do business and is in good standing as a foreign corporation or organization authorized to do business in all jurisdictions in which the character of the properties owned, leased or operated or the nature of the business conducted by it would make such qualification or licencing necessary. No proceedings have been instituted or are pending for the dissolution or liquidation of DK or a DKSub. True and complete copies of the certificate of incorporation dated November 10, 2006, Notice of Articles dated January 2, 2014, Notice of Alteration dated July 9, 2010 and the Articles of DK as of July 9, 2010 have been provided to Premier. No Notice of Alteration has been filed or authorized by the DK Securityholders with respect to the Articles since July 9, 2010.

3.1.2       Capitalization

(a) The authorized share structure of DK consists of an unlimited number of DK Common Shares and DK Preferred Shares, of which, as of the date hereof, 3,800 DK Common Shares and 336 DK Preferred Shares, are issued and outstanding. No other DK Shares are authorized or reserved for issuance. All outstanding DK Shares have been duly authorized and are validly issued, and are fully paid and non-assessable, were not issued in violation of the terms of any agreement or other understanding binding upon DK at the time at which they were issued and were issued in compliance with the articles of DK and all applicable Laws. There are, and have been, no pre-emptive rights relating to the allotment, issuance or transfer of any of the issued and outstanding DK Shares.

(b) There are no outstanding bonds, debentures or other evidences of indebtedness of DK having the right to vote (or that are convertible for or exercisable into securities having the right to vote) with the holders of the DK Shares on any matter.

(c) There are no outstanding securities that are convertible for or exercisable into securities of DK.

3.1.3       Authority and No Violation

(a) DK has all requisite corporate power and authority to enter into this Agreement and the documents required to be executed by DK in connection with the transactions contemplated herein, to perform its obligations hereunder to consummate the Merger and the other transactions contemplated by this Agreement. The execution and delivery of this Agreement and such other documents by DK and the consummation by DK of the transactions contemplated by this Agreement and such other documents have been duly authorized by the board of directors of DK and no other corporate proceedings on its part are necessary to authorize this Agreement or the transactions contemplated hereby or thereby, other than with respect to the completion of the Merger.

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(b) This Agreement has been duly executed and delivered by DK and constitutes a legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other similar Laws affecting creditors’ rights generally, and to general principles of equity. All documents required to be executed by DK in connection with the transactions contemplated herein will be duly executed and delivered by DK on or before the Effective Date and, when so executed and delivered, will constitute a legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to bankruptcy, insolvency and other similar Laws affecting creditors’ rights generally, and to general principles of equity.

(c) The approval of this Agreement and the other documents required to be executed by DK in connection with the transactions contemplated herein, the execution and delivery by DK of this Agreement and such other documents, and the performance by DK of its obligations hereunder and thereunder and the completion of the Merger and the transactions contemplated thereby, will not, except as disclosed in Section 3.1.3(c) of the DK Disclosure Letter:

(i) conflict with, result in a violation or breach of, constitute a default or require any consent (other than such as has already been obtained), to be obtained under, or give rise to any termination rights or payment obligation under, any provision of:

(A) any resolutions of its board of directors (or any committee thereof) or shareholders;

(B) its constating documents, any unanimous shareholders agreement or any other agreement or understanding with any Person holding an ownership interest in it;

(C) subject to obtaining the Applicable Regulatory Approvals or the transactions contemplated herein, any Laws; or

(D) subject to obtaining any consent, approval, permit or acknowledgement which may be required thereunder in connection with the completion of the transactions herein contemplated, details of which are set out in Section 3.1.3(c) of the DK Disclosure Letter, any licence or registration or any agreement, contract or commitment, written or oral, which DK is a party to or bound by or subject to;

(ii) give rise to any right of termination or acceleration of indebtedness, or cause any third party indebtedness to come due before its stated maturity or cause any available credit to cease to be available;

(iii) result in the imposition of any Encumbrance upon any of its assets, or restrict, hinder, impair or limit its ability to carry on the DK Business as and where it is now being carried on or as and where it may be carried on in the future; or

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(iv) result in any person becoming entitled to:

(A) any retirement, severance, unemployment compensation, “golden parachute”, bonus or other such payment;

(B) the acceleration of the vesting or time to exercise or payment of any outstanding stock options or other DK Employee Benefit Plan;

(C) the forgiveness or postponement of payment of any indebtedness owing to DK; or

(D) receive any additional payments or compensation under or in respect of any DK Employee Benefit Plan.

(d) No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Entity or other Person is required to be obtained by DK or any DKSub in connection with the execution and delivery of this Agreement or any of the other documents contemplated hereby, or the consummation by DK of the transactions contemplated hereby or thereby, other than:

(i) any other consents, approvals, orders, authorizations, declarations or filings of or with a Governmental Entity which, if not obtained, would not in the aggregate have a Material Adverse Effect on DK or any DKSub; and

(ii) any other consents or approvals set out in Section 3.1.3(d) of the DK Disclosure Letter.

3.1.4       No Defaults

Neither of DK nor any DKSub is in default under, and there exists no event, condition or occurrence which, after notice or lapse of time or both, would constitute such a default under, any contract, agreement, licence, franchise or any other document to which it is a party or by which it is bound which would, if terminated due to such default, cause a Material Adverse Effect on DK.

3.1.5       Issued Shares

Section 3.1.5 of the DK Disclosure Letter sets forth a true and complete list, as of the date hereof, of all of the issued and outstanding DK Shares, including the registered and beneficial holders of all such shares. Except as disclosed in Section 3.1.5 of the DK Disclosure Letter, the certificates evidencing the DK Shares bear no restrictive legends and the articles of DK do not contain or provide for any restrictions or restrictive legends with respect to the DK Shares, and the DK Shares are not subject to any restrictions, which will not terminate as of the Effective Time.

3.1.6       Subsidiaries

(a) Except as disclosed in Section 3.1.6 of the DK Disclosure Letter, neither DK nor any DKSub is the beneficial or registered owner of any shares or other ownership interests in any Person except for the shares in each DKSub owned by DK, and neither holds any securities or obligations of any kind convertible into or exchangeable for shares or other ownership interests in any Person. Neither DK nor any DKSub is a party to any agreement to acquire any shares or other ownership interests in any Person.

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(b) Each DKSub is a corporation duly incorporated under the Laws of its jurisdiction of incorporation, is validly subsisting, has full corporate and legal power and authority to own, lease and operate the properties currently owned, leased and operated by it and conduct its business as currently conducted, and is in good standing under the Laws of its jurisdiction of incorporation. Each DKSub is duly qualified or licenced to do business and is in good standing as a foreign corporation or organization authorized to do business in all jurisdictions in which the character of the properties owned, leased or operated or the nature of the business conducted by it would make such qualification or licencing necessary. No proceedings have been instituted or are pending for the dissolution or liquidation of any DKSub. True and complete copies of the constating, incorporation or organizational documents of each DKSub have been provided to Premier.

(c) DK is the beneficial owner of all of the issued and outstanding shares of each DKSub free of any Encumbrance. No Person has any other agreement, option, commitment, arrangement, or any other right or privilege (whether by Law, pre-emptive or contractual) capable of becoming an agreement, option or commitment (including any such right or privilege under convertible securities, warrants or convertible obligations of any nature) for:

(i) the purchase, subscription, allotment or issuance of, or conversion into, any of the issued or unissued shares or any other securities of any DKSub; or

(ii) the purchase or other acquisition from any DKSub of any of its undertakings, business or assets.

3.1.7       Absence of Certain Changes or Events

Except as disclosed in Section 3.1.7 of the DK Disclosure Letter, since the date of the DK Financial Statements, each of DK and each DKSub have conducted its business only in the ordinary course of business and there has not occurred:

(a) any Material Adverse Change in respect of DK or any DKSub; or

(b) any agreement or arrangement to take any action which, if taken prior to the date hereof, would have made any representation or warranty set out in this Agreement materially untrue or incorrect as of the date when made.

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3.1.8       Financial Statements

The DK Financial Statements, copies of which have been provided to Premier, have been prepared in accordance with generally accepted accounting principles applicable in the United States. All financial statements of DK prior to the DK Financial Statements were prepared in accordance with generally accepted accounting principles applicable in Canada. The DK Financial Statements have been prepared in accordance with the requirements of applicable Laws, and are as at their date, correct and complete and present fairly, in all material respects:

(a) all the assets, liabilities (whether accrued, absolute, contingent or otherwise) and the financial condition of DK and each DKSub, on a consolidated basis, as at the Financial Year End; and

(b) the results of operations and cash flows of DK and each DKSub, on a consolidated basis, for the 12-month period ended on the Financial Year End.

3.1.9       Liabilities

Neither DK nor any DKSub has any Liability, indebtedness, obligation, expense, claim, deficiency, Guarantee or endorsement of any type, whether accrued, absolute, contingent, matured, unmatured or otherwise (whether or not required to be reflected in the DK Financial Statements) and has no knowledge of any potential Liabilities or obligations, other than:

(a) Liabilities (including Liabilities for unpaid Taxes) disclosed on, reflected in or provided for in the DK Financial Statements;

(b) Liabilities disclosed in Section 3.1.9(b) of the DK Disclosure Letter or provided for in the operating budget of DK for the financial year ending December 31, 2015, a copy of which has been provided to Premier;

(c) Liabilities incurred in the ordinary course of the DK Business and attributable to the period since the date of the DK Financial Statements, none of which, individually or in the aggregate, has a Material Adverse Effect on DK on a consolidated basis; and

(d) Liabilities incurred in connection with this Agreement or the transactions contemplated in this Agreement.

3.1.10 Debt Instruments

Except as set out and described in Section 3.1.10 of the DK Disclosure Letter, neither DK nor any DKSub is bound by or subject to:

(a) any Debt Instrument; or

(b) any agreement, contract or commitment to create, assume or issue any Debt Instrument,

and no Debt Instrument or Encumbrance to which DK or any DKSub is bound by or subject to is dependent upon the Guarantee of or any security provided by any other Person.

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3.1.11       Accounts Receivable

All accounts receivable of and book debts and other debts due to DK or any DKSub reflected in the DK Financial Statements or which have come into existence since the Financial Year End were created in the ordinary course of the DK Business and, except to the extent that the same have been paid in the ordinary course of the DK Business since the Financial Year End, are valid and enforceable and payable in full, without any right of set-off or counterclaim or any reduction for doubtful accounts other than as reflected in the DK Financial Statements, or other than a reasonable allowance for doubtful accounts consistent with DK’s previous practice.

3.1.12       Accuracy of Books and Records

Except as disclosed in Section 3.1.12 of the DK Disclosure Letter, the books and records, accounting, financial and otherwise, of DK fairly and correctly set out and disclose in all material respects, in accordance with generally accepted accounting principles applicable in Canada applied on a consistent basis, the financial position of DK as at the date hereof and all material financial transactions of DK have been accurately recorded in such books and records on a consistent basis and in conformity with generally accepted accounting principles applicable in Canada applied on a consistent basis. Except as disclosed in Section 3.1.12 of the DK Disclosure Letter, all records, controls, data or information owned by DK and required to operate the DK Business are in the full possession and control of DK.

3.1.13       Guarantees

Except as set out and described in Section 3.1.13 of the DK Disclosure Letter, neither DK nor any DK Sub is a party to or bound by or subject to any Guarantee of the indebtedness of any other Person.

3.1.14       Moveable Property

Except as disclosed in Section 3.1.14 of the DK Disclosure Letter, the moveable (personal) property of DK, if any:

(a) consist solely of items of tangible moveable personal property of the kind and quality regularly used or produced in the DK Business, including the DK Exhibition Assets;

(b) are useable in the ordinary course of the DK Business for the purpose for which they were intended; and

(c) have been valued in the DK Financial Statements in accordance with generally accepted accounting principles applicable in Canada, on a basis consistent with that of past practice.

3.1.15       Business Carried on in Ordinary Course

The DK Business has been carried on in the ordinary course since the Financial Year End, and since the Financial Year End:

(a) there has been no Material Adverse Change with respect to DK or any DKSub other than changes incurred in the ordinary course of the DK Business;

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(b) there has been no damage, destruction or loss of any material tangible assets, whether covered by insurance or not, that could reasonably be expected to have a Material Adverse Effect on DK or any DKSub;

(c) there has been no split, combination, consolidation, or reclassification of any of the outstanding DK Shares, and DK has not declared or paid any dividends on or made any other distributions (in either case, in stock or property) on or in respect of the outstanding DK Shares;

(d) except as disclosed in Section 3.1.15(d) of the DK Disclosure Letter, DK has not allotted, reserved, set aside or issued, authorized or proposed the allotment, reservation, setting aside or issuance of, or purchased or redeemed or proposed the purchase or redemption of, any shares in its capital stock or any class of securities convertible or exchangeable into, or rights, warrants or options to acquire, any such shares or other convertible or exchangeable securities, nor has DK or any DKSub agreed to do any of the foregoing;

(e) except as disclosed in Section 3.1.15(e) of the DK Disclosure Letter, there has been no increase in the salary or other cash compensation payable or to become payable by DK or any DKSub to any of its officers, directors, employees or advisors, other than in the ordinary course of the DK Business, and there has been no declaration, payment or commitment or obligation of any kind for the payment or granting by DK or any DKSub of a bonus, stock option or other additional salary or compensation to any such Person, or any grant to any such Person of any increase in severance or termination pay, nor has DK agreed to do any of the foregoing;

(f) except as disclosed in Section 3.1.15(f) of the DK Disclosure Letter, there has been no increase in or modification of any DK Employee Benefit Plan or agreement to increase or modify any DK Employee Benefit Plan (including, in either case, the granting of stock options, restricted stock awards or stock appreciation rights) made to, for or with any of its directors or officers, other than increases in salary or cash compensation payable or to become payable by DK or any DKSub to any of its officers or directors, provided any such increase is in the ordinary course of the DK Business;

(g) except as disclosed in Section 3.1.15(g) of the DK Disclosure Letter, neither DK nor any DKSub has:

(i) acquired or sold, pledged, leased, encumbered or otherwise disposed of any material property or assets or agreed to do any of the foregoing; or

(ii) incurred or committed to incur capital expenditures in excess of $2,000,000, in the aggregate, or agreed to do any of the foregoing;

(h) except as set out in Section 3.1.15(h) of the DK Disclosure Letter, neither DK nor any DKSub has entered into any material contract, agreement, licence, franchise, lease transaction, commitment or other right or obligation and has not amended, modified, relinquished, terminated or failed to renew any DK Material Agreement, other than in the ordinary course of the DK Business;

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(i) except as disclosed in Section 3.1.15(i) of the DK Disclosure Letter, there has been no transfer (by way of a licence or otherwise) of or agreement to transfer to any Person rights to any DK Intellectual Property;

(j) except as disclosed in Section 3.1.15(j) of the DK Disclosure Letter, DK has not made any change in accounting policies, principles, methods, practices or procedures (including for bad debts, contingent Liabilities or otherwise), respecting capitalization or expense of research and development expenditures, depreciation or amortization rates or timing of recognition of income and expense;

(k) DK has taken all commercially reasonable action required to maintain, renew or enforce any DK Registered Intellectual Property;

(l) except as set out in Section 3.1.15(l) of the DK Disclosure Letter, there has been no notice delivered to DK or a DKSub of any claim of ownership by a third party of any of the DK Intellectual Property owned or developed by DK or any DKSub or of infringement by DK or any DKSub of any third party’s Intellectual Property;

(m) except as set out in Section 3.1.15(m) of the DK Disclosure Letter, there has been no amendment to the notice of articles or articles of DK or any DKSub;

(n) there has been no disruption in the normal work of DK’s workforce or claim of wrongful discharge or other unlawful labour practice in respect of DK or any DKSub;

(o) there has been no waiver by DK or any DKSub or agreement to waive, any right of substantial value and neither DK nor any DKSub has entered into any commitment or transaction not in the ordinary course of the DK Business where such right, commitment or transaction is or would be material in relation to DK or the DK Business; and

(p) except as set out in Section 3.1.15(p) of the DK Disclosure Letter, there has been no creation, or agreement by DK or any DKSub to create any Encumbrance on any of its property or assets (except for any lien for unpaid Taxes not yet due).

3.1.16 Partnerships or Joint Ventures

Except as set out in Section 3.1.16 of the DK Disclosure Letter, neither DK nor any DKSub is a partner or participant in any partnership, joint venture, profit sharing arrangement or other business combination of any kind and is not party to any agreement under which DK or any DKSub agrees to carry on any part of the DK Business or any other activity in such manner or by which DK or any DKSub agrees to share any revenue or profit with any other Person.

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3.1.17 Minute Books and Corporate Records

The minute and record books of each of DK and each DKSub contain complete and accurate minutes of all meetings of, and copies of the articles and resolutions passed by, or consented to in writing by, the directors (and any committees thereof) and shareholders of DK or any DKSub since its incorporation and which are required to be maintained in such books under the applicable legislation relating to DK or such DKSub; all such meetings were duly called and held and all such articles and resolutions were duly passed or enacted. The share certificate books, registers of shareholders, registers of transfers, registers of directors, registers of holders of Debt Instruments and other corporate registers of each of DK and each DKSub comply with the provisions of all applicable Laws and are complete and accurate in all material respects. Neither DK nor any DKSub is a party to or bound by or subject to any shareholder agreement or unanimous shareholder agreement governing the affairs of DK or the relationships, rights and duties of shareholders.

3.1.18 Interested Persons

Except as set out and described in Section 3.1.18 of the DK Disclosure Letter:

(a) neither DK nor any DKSub is party to or bound by or subject to any agreement, contract or commitment with any Interested Person, except for contracts of employment or personal services contracts with independent contractors;

(b) neither DK nor any DKSub has any loan or indebtedness outstanding (except for obligations incurred in the ordinary course of the DK Business with respect to any DK Employee Benefit Plan, personal services contracts or the reimbursement of expenses incurred on behalf of DK or a DKSub or otherwise) to any Interested Person;

(c) all activities of DK and each DKSub have been carried at Arm’s Length with each Interested Person; and

(d) no Interested Person has any cause of action or other claim whatsoever against, or owes any amount to, DK in connection with the DK Business as heretofore carried on, except for any Liability reflected in the DK Financial Statements and claims in the ordinary course of the DK Business such as, without limitation, for accrued vacation pay and accrued benefits under the DK Employee Benefit Plan.

3.1.19 Directors and Officers

Section 3.1.19 of the DK Disclosure Letter sets forth the names and titles of all directors and officers of DK and each DKSub as at the date of this Agreement.

3.1.20 Employment and Employee Benefit Matters

(a) As at March 15, 2015, DK had 17 full time and 6 permanent part time DK Employees, of which none are located in the United States and the DKSubs had no full time DK Employees located in the United States. The names of such individuals, their years of service, their job titles and the DK Employee Benefit Plan to which they are entitled are set out and described in Section 3.1.20(a) of the DK Disclosure Letter. To the knowledge of DK, no DK Employee intends to terminate his employment with DK, whether as a result of the transactions contemplated by this Agreement or otherwise.

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(b) Section 3.1.20(b) of the DK Disclosure Letter contains a complete list of all DK Employee Benefit Plans maintained, or otherwise contributed to or required to be contributed to, by DK or any DKSub for the benefit of DK Employees or former DK Employees, and sets out a description of all policies, handbooks and manuals relating to employment matters.

(c) Section 3.1.20(c) of the DK Disclosure Letter contains a true, accurate and complete list of each DK Employee Benefit Plan.

(d) With respect to each DK Employee Benefit Plan, DK has, as requested, made available to Premier accurate, current and complete copies of each of the following:

(i) each written DK Employee Benefit Plan and all amendments thereto;

(ii) a written summary of all material plan terms of each unwritten DK Employee Benefit Plan; and

(iii) employee handbooks of each of DK and each DKSub.

(e) Except as could not reasonably be expected to result in material Liability to DK or a DKSub, each DK Employee Benefit Plan has been established, administered and maintained in accordance with its terms and in compliance with applicable Law.

(f) All material benefits, contributions and premiums relating to each DK Employee Benefit Plan have been paid in accordance with the terms thereof and all applicable Laws and accounting principles, and all material benefits accrued under any unfunded DK Employee Benefit Plan have been paid, accrued or otherwise adequately reserved to the extent required by, and in accordance with Canadian generally accepted accounting principles.

(g) Except as required by applicable Law, no provision of any DK Employee Benefit Plan that is sponsored or maintained by DK or a DKSub would restrict DK or the DKSub from amending or terminating any such DK Employee Benefit Plan. Neither DK nor any DKSub has any commitment or obligation and has not made any representations to any DK Employee or independent contractor or consultant to any DK or any DKSub to adopt, amend or modify any DK Employee Benefit Plan in connection with the consummation of the transactions contemplated by this Agreement.

(h) There is no pending or, to DK’s knowledge, threatened action relating to a DK Employee Benefit Plan (other than routine claims for benefits), and no DK Employee Benefit Plan has within the six years prior to the date hereof been the subject of an examination or audit by a Governmental Authority.

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(i) Except as disclosed in Section 3.1.20(i) of the DK Disclosure Letter, neither the execution of this Agreement nor the consummation of the transactions contemplated by this Agreement will:

(i) entitle any DK Employee to severance pay pursuant to a DK Employee Benefit Plan;

(ii) accelerate the time of payment, funding or vesting, or increase the amount of compensation due to any such individual pursuant to a DK Employee Benefit Plan;

(iii) limit or restrict the right of DK or the relevant DKSub to merge, amend or terminate any DK Employee Benefit Plan that is sponsored or maintained by DK or a DKSub; or

(iv) increase the amount payable under by or result in any other material obligation to a DK or a DKSub pursuant to any DK Employee Benefit Plan.

(j) Except as set out and described in Section 3.1.20(j) of the DK Disclosure Letter:

(i) neither DK nor any DKSub is party to or bound by or subject to any agreement or arrangement with respect to the DK Employee Benefit Plan and no such agreement or arrangement contains any specific provision as to notice of termination of employment or severance pay in lieu thereof;

(ii) neither DK nor any DKSub has any obligations to amend any DK Employee Benefit Plan and no amendments will be made or promised prior to the Effective Date, except with the prior written consent of Premier;

(iii) all obligations of DK and each DKSub with respect to DK Employee Benefit Plans are reflected in and have been fully accrued in the DK Financial Statements;

(iv) neither DK nor any DKSub is party to or bound by, subject to or entered into any collective bargaining agreement, collective bargaining certification or other similar arrangement with any labour union or employee association nor has it made any commitment to or conducted any negotiation or discussion with any labour union or employee association with respect to any future agreement or arrangement and, to the knowledge of DK, there is no current application for certification or other attempt to organize or establish any labour union or employee association with respect to DK Employees;

(v) each of DK and each DKSub has, in all material respects, complied with, and operated its business in accordance with, all applicable Laws relating to employment and labour matters, including employment and labour standards, occupational health and safety, employment equity, pay equity, workers’ compensation, human rights and labour relations matters, but not including privacy; there are no current, pending or, to the knowledge of DK, threatened claims, complaints or proceedings of any kind involving DK or any DKSub, or to DK’s knowledge, any of their respective DK Employees before any Tribunal with respect to any of the above matters; and there are no facts known to DK that could reasonably be expected to give rise to any such claim, complaint or proceeding;

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(vi) there are no existing or, to the knowledge of DK, threatened labour strikes, slow downs, work stoppages or other similar labour troubles affecting DK or any DKSub;

(vii) to the knowledge of DK, no DK Employee is bound by any confidentiality, non-solicitation or non-competition agreement in favour of any Person other than DK or any DKSub which is material and relevant to the employment of such DK Employee by DK or any DKSub and which imposes obligations on such DK Employee greater than those owed by such DK Employee under common law;

(viii) neither DK nor any DKSub is party to any side letter or other written or oral material commitment with any DK Employee or contractor; and

(ix) all accruals for unpaid vacation pay, premiums for employment insurance, health premiums, Canada Pension Plan premiums, accrued wages, salaries and commissions and other benefits from the DK Employee Benefit Plans have been reflected in the books and records of DK.

3.1.21     Pension and Retirement Plans

Except as disclosed in Section 3.1.21 of the DK Disclosure Letter, neither DK nor any DKSub sponsors or participates in any pension and/or retirement plan.

3.1.22     Real Property

Except for the real property disclosed in Section 3.1.22 of the DK Disclosure Letter, DK does not own, nor is DK a party to or bound by or subject to any agreement, contract or commitment, or any option to purchase, any real or immovable property.

3.1.23     Leases and Leased Property

(a) Neither DK nor any DKSub is party to or bound by or subject to or has agreed to or become bound to enter into, any real or personal property lease, sublease or other right of occupancy relating to real property, whether as lessor or lessee, except for the DK Leases described in Section 3.1.23(a) of the DK Disclosure Letter, full access to or complete copies of which have been provided to Premier prior to the date hereof. Either DK or a DKSub occupy and have the exclusive right to occupy and use all immovable DK Leased Property and has the exclusive right to use all movable DK Leased Property.

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(b) Each of the DK Leases is valid and subsisting and in good standing, all rental and other payments required to be paid by DK or any DKSub as lessee or sublessee and due and payable pursuant to each of the DK Leases have been duly paid to date and DK or any DKSub is not otherwise in default in meeting its obligations under any of the DK Leases and is entitled to all rights and benefits thereunder. No event exists which, but for the passing of time or the giving of notice, or both, would constitute a default by DK or any DKSub or, to the knowledge of DK, any other party to any of the DK Leases and no party to any of the DK Leases is claiming any such default or taking any action purportedly based upon any such default. The completion of the transactions contemplated herein will not, subject to obtaining any required consents set out in Section 3.1.23(b) of the DK Disclosure Letter, afford any of the parties to any of the DK Leases or any other Person the right to terminate any of the DK Leases nor will the completion of the transactions contemplated herein result in any additional or more onerous obligation on DK or any DKSub under any of the DK Leases.

3.1.24     Insurance

(a) Each of DK and each DKSub maintain insurance covering its property, assets and personnel and protecting its business, which constitutes the DK Business, against loss or damage on a basis that is comparable to the insurance maintained by reasonable Persons operating businesses similar to the DK Business as heretofore carried on. Section 3.1.24(a) of the DK Disclosure Letter sets forth a list of all insurance policies currently maintained by DK and each DKSub. Each of such insurance policies is valid and subsisting and in good standing, there is no default, whether as to the payment of premiums or otherwise, under any material term or condition of such insurance policies, and, to the knowledge of DK, each Person which is an insured party under any of such insurance policies is entitled to all rights and benefits thereunder.

(b) There are no pending claims under any such insurance policies. Neither DK nor any DKSub has failed to give any notice or present any claim under any such insurance policies in due and timely fashion. To the knowledge of DK, no circumstances have occurred which might entitle DK or any DKSub to make a claim under any such insurance policies or which might be required under any such insurance policies to be notified to the insurers thereunder and no material claim under any of such insurance policies has been made by DK or any DKSub since the most recent Financial Year End.

(c) Except as disclosed in Section 3.1.24(c) of the DK Disclosure Letter, none of such insurance policies is subject to any premium in excess of the stipulated or normal rate. No notice of cancellation of, material increase of premiums under, non-renewal with respect to, or disallowance of any claim under, any such insurance policies has been received by DK or any DKSub.

3.1.25     Material Agreements

Except for the DK Material Agreements disclosed in Section 3.1.25 of the DK Disclosure Letter, neither DK nor any DKSub is party to or bound by or subject to any of the following:

(a) any exhibition, sales, advertising, public relations, agency, or management under which the obligations of DK exceeding $100,000 on an annual basis;

(b) any continuing contract for the purchase of materials, supplies, equipment or services involving, in the case of any such contract, more than $100,000 over the life of the contract;

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(c) any contract that expires, or may be renewed at the option of any Person other than DK or any DKSub so as to expire, more than one year after the date of this Agreement;

(d) any contract for capital expenditures in excess of $50,000 in the aggregate;

(e) any confidentiality, secrecy or non-disclosure contract;

(f) any contract pursuant to which DK or any DKSub leases any real or personal property (including the DK Leases), under which the obligations of DK exceed $50,000, on an annual basis;

(g) any contract pursuant to which DK or any DKSub is a lessor of any machinery, equipment, motor vehicles, office furniture, fixtures or other personal property under which the obligations of DK exceed $50,000, on an annual basis;

(h) any contract with any person with whom DK or any DKSub does not deal at Arm’s Length;

(i) any Guarantee;

(j) any licence, sublicence or other agreement to which DK or a DKSub is a party (or by which it or any DK Intellectual Property is bound or subject) and pursuant to which any Person (other than DK Employees or independent contractors of DK or a DKSub for purposes of their employment or contract with DK or any DKSub, as applicable) has been or may be assigned, authorized to use, or given access to any DK Intellectual Property;

(k) any employment contracts with DK Employees and service contracts with independent contractors;

(l) any agreement to indemnify, hold harmless or defend any other Person with respect to any assertion of personal injury, damage to property or Intellectual Property infringement, misappropriation or violation or warranting the lack thereof other than any licence of Third Party Software that is not part of the DK Intellectual Property and which relates to Software that is generally available to the public; and

(m) any other agreement, indenture, contract, lease, deed of trust, licence, option, instrument or other commitment which is or would reasonably be expected to be material to the DK Business, properties, assets, operations, condition (financial or otherwise) or prospects of DK,

whether written or oral, and of any nature or kind whatsoever.

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3.1.26     No Breach of Material Agreements

Each of DK and each DKSub have performed all of the material obligations required to be performed by it, and is entitled to all benefits under, and, to the knowledge of DK, is not alleged to be in default in respect of, any DK Material Agreement. Except as disclosed in Section 3.1.26 of the DK Disclosure Letter, each of the DK Material Agreements is in full force and effect, unamended, and there exists no material breach thereof or material default or event of material default or event, occurrence, condition or act with respect to DK or any DKSub or, to DK’s knowledge, with respect to the other contracting party or otherwise that, with or without the giving of notice, the lapse of time or the happening of any other event or conditions, would:

(a) become a default or event of default under any DK Material Agreement; or

(b) result in the loss or expiration of any material right or option by DK or a DKSub (or the material gain thereof by any third party) under any DK Material Agreement.

DK has provided access to or delivered a true, correct and complete copy of each of the DK Material Agreements to Premier.

3.1.27     Legal Proceedings

There are no actions, suits, claims, investigations or proceedings (whether private, governmental or otherwise, and whether or not purportedly on behalf of DK or any DKSub) in progress, pending, or to the knowledge of DK, threatened, against or affecting DK or any DKSub (including actions, suits, investigations or proceedings against any of DK’s directors, officers or employees which relate to the DK Business, or the affairs, assets or operations of DK or any DKSub), at law or in equity, or before or by any Tribunal. There is no judgment, decree, injunction, ruling, order or award of any Tribunal outstanding against or affecting DK or any DKSub. Except as set out in Section 3.1.27 of the DK Disclosure Letter, DK is not aware of any grounds on which any such action, suit, investigation or proceeding might be commenced with any reasonable likelihood of success, and does not have any present plans or intentions to initiate any litigation, arbitration or other proceedings against any third party.

3.1.28     Tax Matters

(a) Except in respect of the income tax return for the current taxation year, provided that such return is not required to be filed on or prior to the Effective Time, and any income tax return which is required to be filed as a result of or in connection with the transactions contemplated herein, DK and each DKSub has each duly filed or will duly file in the prescribed manner and within the prescribed time under applicable Tax Law all Tax Returns required by applicable Tax Law to be filed by or on behalf of DK and a DKSub on or before the Effective Time with any Governmental Entity to which it is subject; such Tax Returns and the material accompanying such Tax Returns are or will be true, correct and complete in all material respects and none of them has been or will be amended, except as set out in Section 3.1.28(a) of the DK Disclosure Letter. Except as set out in Section 3.1.28(a) of the DK Disclosure Letter, no position has been taken on any Tax Return with respect to the DK Business or the business of such DKSub for a taxation year, or other period for which the assessment of any Taxes has not expired, that is contrary to any publicly announced position of a Governmental Entity, or that is substantially similar to any position that a Governmental Entity has successfully challenged in the course of an examination of a Tax Return of DK or a DKSub. DK has provided to Premier access to or true and complete copies of all Tax Returns filed by DK and each DKSub for all fiscal periods for which the relevant limitation period has not expired and all working papers, calculations, and schedules relating thereto, together with all communications relating thereto from any Governmental Entity and the response, if any, of DK or such DKSub to such communication.

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(b) DK and each DKSub has each duly, and on a timely basis, paid or remitted all Taxes required to be paid or remitted by it on or before the Effective Time, including all Taxes shown as due and owing on all Tax Returns, all Taxes assessed or reassessed by any Governmental Entity, all Taxes held in trust or deemed to be held in trust for any Governmental Entity, and all instalments on account of Taxes for the current year.

(c) With the exception of the Liabilities for Taxes reflected as reserves in the DK Financial Statements, and except for Taxes incurred in the ordinary course of the DK Business or incurred or arising as a result of the transactions contemplated herein, to the extent that such Taxes are not due and payable on or before the Effective Time, there are no Taxes claimed by any Governmental Entity against DK or a DKSub or which are known to DK to be due and owing by DK or such DKSub and, to the knowledge of DK, there are no pending or threatened reassessments by any Governmental Entity in respect of Taxes owing by DK or such DKSub, and there are no matters in dispute or under discussion with or any audits being conducted by any Governmental Entity relating to Taxes asserted by such Governmental Entity against DK or any DKSub.

(d) Except as set out and described in Section 3.1.28(d) of the DK Disclosure Letter, the liabilities reflected as reserves for Taxes on the DK Financial Statements are sufficient for the payment or remittance of all Taxes which may become payable or remittable by DK and each DKSub, whether or not disputed, in respect of any period ending on or before the Effective Time.

(e) Except as set out and described in Section 3.1.28(e) of the DK Disclosure Letter, there are no Tax deficiencies that have been claimed, proposed or asserted in writing against DK or any DKSub that have not been fully paid or finally settled and there are no discussions, audits, assertions or claims now pending, or to the knowledge of DK or any DKSub, threatened, in respect of Taxes due from or with respect to DK or any DKSub. No Governmental Entity has challenged, disputed or questioned any Taxes of or any Tax Returns filed by DK or any DKSub or indicated that an assessment, reassessment or determination in respect of Taxes is proposed. To the knowledge of DK, there are no facts, circumstances, acts, omissions, events, transactions or series of events or transactions occurring wholly or partly on or before the Closing Time, which could, or are likely to, give rise to any discussions, audits, assertions or claims in respect of Taxes.

(f) Except as set out and described in Section 3.1.28(f) of the DK Disclosure Letter, there are no amounts outstanding and unpaid for which DK or any DKSub has previously claimed a deduction from income under the ITA or any other applicable Tax Law and which may be included in DK’s or a DKSub’s income for any taxation year ending after the Effective Time.

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(g) Except as set out and described in Section 3.1.28(g) of the DK Disclosure Letter, there are no liens for Taxes (other than for Taxes not yet due and payable) on any of the properties or assets of any of DK or any DKSub, nor are such properties or assets the subject of any trust arising under tax Law.

(h) No actions, suits, investigations, audits or proceedings and no assessment, reassessment or request for information in progress, pending or, to the Knowledge of DK or DKSub, threatened against or affecting DK or any DKSub in respect of Taxes nor are any issues under discussion with any Governmental Entity relating to any matters which could result in claims for additional Taxes.

(i) Section 3.1.28(i) of the DK Disclosure Letter accurately reflects all notices of assessment and reassessment of Taxes that have been received by DK and each DKSub from all relevant Governmental Entities with respect to the Tax liabilities of DK and such DKSub for all taxation years and other periods subsequent to December 31, 2009, and no Governmental Entity is entitled to assess or reassess DK or any DKSub for any Tax in respect of a taxation year or other period prior to the commencement of the Financial Year ending December 31, 2010.

(j) There are no agreements, waivers or other arrangements requested, executed, received or entered into by DK or any DKSub providing for an extension of time with respect to any assessment, reassessment or collection of Taxes by an Governmental Entity, the filing of any Tax Returns or the payment or remittance of any Taxes or amounts on account of Taxes by DK or any DKSub, or the provision of any documents or information currently under request by any Governmental Entity.

(k) Copies of all Tax formal written rulings, if any, applicable to DK and each DKSub have been provided to Premier. To the knowledge of DK, there is no claim or threatened claim to revoke any such Tax ruling. Except as disclosed in Section 3.1.28(k) the DK Disclosure Letter, there are no Tax rulings or requests for Tax rulings pertaining to the DK or any DKSub that could affect the liability for Taxes or the amount of the taxable income or loss for any taxation year or period ending after the Effective Time.

(l) Except for Dinosaurs Unearthed, Corp., none of DK nor any DKSub has been required, or is currently required, to file any Tax Returns with any Governmental Entity outside Canada. No claims have ever been made by any Governmental Entity that DK or any DKSub is or may be subject to Tax in a jurisdiction where DK and such DKSub do not file Tax Returns. There is no basis for a claim that any of DK or any DKSub is subject to Tax in a jurisdiction in which it does not file Tax Returns.

(m) Except as set out and described in Section 3.1.28(m) of the DK Disclosure Letter, DK and each DKSub has each deducted, withheld and remitted the amount of all Taxes and other deductions required under any applicable Laws to be deducted, withheld or remitted from amounts paid or credited by DK or any DKSub to or for the account or benefit of any Person, including Taxes on payments to any of its present or former DK Employees, officers or directors and Taxes on payments to any Person who is a non-resident of Canada, to the relevant Governmental Entity within the time prescribed under any applicable Laws.

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(n) Section 3.1.28(n) of the DK Disclosure Letter sets out the PUC of the DK Shares and the PUC and adjusted cost base of each of the shares held by DK in each DKSub.

(o) The books and records of DK fairly and correctly set out and disclose, in all material respects, all liabilities and unclaimed input Tax credits under applicable Law. All financial transactions of DK and each DKSub have been accurately and completely recorded in the books and records of DK and such DKSub, respectively, for Tax purposes.

(p) For all transactions between DK, and any DKSub that is a taxpayer under the ITA, and any non-resident person with whom it was not dealing at Arm’s Length, DK or any DKSub, as applicable, has made or obtained records or documents that meet the transfer pricing requirements of paragraphs 247(4) of the ITA.

(q) Neither DK nor any DKSub has, directly or indirectly, transferred property to or acquired property from or provided services to or received services from any Person with whom DK or such DKSub was not dealing at Arm’s Length, other than for consideration the parties reasonably determined to be not less than the fair market value of the property or service at the time of (in the case of property) the disposition or acquisition thereof or (in the case of services) the provision or receipt thereof, or, to its knowledge, has been a party to any contract or transaction that could result in a liability for Tax under section 160 of the ITA or any substantially similar provisions of other applicable Tax Laws. DK and each DKSub has provided Premier access to or copies of all contracts, minutes, and any other documents relating to transactions entered into by it prior to the Effective Time with Persons with whom DK or any DKSub, as the case may be, was not dealing at Arm’s Length at the time the transaction occurred.

(r) There are no circumstances existing which could result, and the transactions contemplated herein will not result, in the application to DK or any DKSub of sections 80 through 80.4 of the ITA or any substantially similar provisions of any applicable Tax Laws.

(s) Except as set out in Section 3.1.28(s) of the DK Disclosure Letter, for purposes of the ITA and any other applicable Tax Laws, no Person has ever acquired control of DK or any DKSub.

(t) Except as set out and described in Section 3.1.28(t) of the DK Disclosure Letter, neither DK nor any DKSub has made any elections or designations for the purposes of the ITA or the ETA or other applicable Tax Law, or for the purposes of any administrative rulings or notices or administrative practices pursuant to any Tax Law. Without limiting the generality of the foregoing:

(i) neither DK nor any DKSub has acquired any property on a Tax-deferred or rollover basis and no election under sections 13, 44, 83 or 85 of the ITA (or any substantially similar provision of any applicable Tax Law) has been made or filed by or on behalf of DK or such DKSub with respect to the acquisition or disposition of property, other than as disclosed in the DK Disclosure Letter; and,

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(ii) except for elections under section 167 of the ETA, neither DK nor any DKSub is a party to any elections made under the ETA.

(u) Neither DK nor any DKSub has made or authorized any payments to its directors, officers, former directors, shareholders or DK Employees or to any Person not dealing at Arm’s Length with any of the foregoing, except in the ordinary course of the DK Business and at the regular rates payable to them of salary, pension, bonuses, rents or other payments of any nature.

(v) Except as set out in Section 3.1.28(v) of the DK Disclosure Letter, neither DK nor any DKSub has loans or indebtedness outstanding made to directors, former directors, officers, shareholders of DK or DK Employees or any DKSub or to any Person not dealing at Arm’s Length with any of the foregoing.

(w) Neither DK nor any DKSub has at any time been involved or been a party to one or more transactions or series of transactions to which either of sections 55 or to its knowledge 245 of the ITA or other comparable Tax Law would apply.

(x) DK has been since its incorporation a Canadian-controlled private corporation as defined in the ITA.

(y) Except as set out in Section 3.1.28(y) of the DK Disclosure Letter, neither DK nor any DKSub has been, or is now associated, as determined for the purposes of the ITA, with any corporations other than each other.

(z) All non-capital losses not deducted but still deductible by DK have been incurred and are derived from the carrying on of the DK Business. The DK Business has been carried on by DK since the date of its inception for profit and with a reasonable expectation of profit.

(aa) In the three years prior to the date of this Agreement, neither DK nor any DKSub has received or taken advantage of, directly or indirectly, any grants, Tax benefits other than as may be provided for in the ITA, subsidies, loan guarantees, government contracts, or other forms of preferential treatment or assistance from any Governmental Entity.

(bb) For purposes of the ITA, the taxation year end of DK and each DKSub is December 31 of each year. The taxation year end of DK and each DKSub has not changed since its incorporation.

(cc) DK is not engaged in a trade or business in the United States for purposes of the Code.

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3.1.29     Compliance with Applicable Laws

Each of DK and each DKSub has conducted and is conducting its business in compliance in all material respects with all applicable Laws in each jurisdiction in which its business is carried on, is not in material breach of any of such Laws and is duly licenced or registered in each jurisdiction in which it owns or leases its property and assets or carries on its business, so as to enable the DK Business to be carried on as now conducted and its property and assets to be so owned or leased. Except as set out in Section 3.1.29 of the DK Disclosure Letter, DK and each DKSub, as applicable has all licences, permits, approvals, consents, certificates, registrations and authorizations (whether governmental, regulatory or similar type) (the “DK Licences”), and there are no other licences, permits, approvals, consents, certificates, registrations, or authorizations necessary to carry on the DK Business as presently carried on or to own or lease any of the property or the assets utilized by DK or any DKSub except where the lack of grant of such to DK or the DKSub would not have a Material Adverse Effect on the DK Business. Each DK Licence is valid and subsisting and in good standing and there is no default or breach of any DK Licence and, to the best of the knowledge of DK, no proceeding is pending or threatened to revoke or limit any DK Licence. No DK Licence contains any burdensome term, provision, condition or limitation which has or could have a Material Adverse Effect on the DK Business, and except as set out in Section 3.1.29 of the DK Disclosure Letter, requires the consent, approval, permit or acknowledgement of any Person in connection with the completion of the transactions herein contemplated.

3.1.30     Compliance with Patriot Act

Neither DK nor any DKSub is nor will it become (i) a person whose property or interests in property are blocked pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) or (ii) a person or entity that knowingly engages in any dealings or transactions, or be otherwise knowingly associated, with any such person. Neither DK nor any DKSub is in violation of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act) Act of 2001. Each of DK and each DKSub have complied in all respects with the Foreign Account Tax Compliance Act.

3.1.31     Consents and Approvals

Except for the Applicable Regulatory Approvals to be obtained by Premier with certain assistance by DK as expressly contemplated by this Agreement, there is no requirement for DK or, to the best of its knowledge, any other party to make any filing with, give any notice to or to obtain any licence, permit, certificate, registration, authorization, consent or approval of, any Governmental Entity, NASDAQ or the Premier Shareholders as a condition to the lawful consummation of the transactions contemplated by this Agreement, except for the filings, notifications, licences, permits, certificates, registrations, consents and approvals which relate solely to the identity of Premier or which are of a purely administrative nature and could be completed or obtained without adverse effect on DK or the DK Business immediately after the Effective Date.

3.1.32     No Business Restrictions

Except as disclosed in Section 3.1.32 of the DK Disclosure Letter, there is no agreement (non-compete or otherwise), commitment, judgment, injunction, order or decree to which DK or any DKSub is party or which is otherwise binding upon DK or any DKSub which has or reasonably could be expected to have the effect of prohibiting or impairing any business practice of DK or such DKSub, any acquisition of property (tangible or intangible) by DK or any DKSub or the conduct of the DK Business by DK or any DKSub, as currently conducted or proposed to be conducted by DK or any DKSub. Without limiting the foregoing, neither DK nor any DKSub has entered into any agreement under which it is restricted from conducting its respective aspect of the DK Business, in any geographic area, during any period of time or in any segment of the market.

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3.1.33     Environmental Matters

Neither DK nor any DKSub is in material violation of any applicable Laws relating to the environment and no material expenditures are or, to the knowledge of DK, will be required in order to comply with such existing Laws. Each of DK and each DKSub possess all necessary environmental licences, permits, approvals, consents, certificates, registrations and other authorizations in order for it to conduct the DK Business in material compliance with applicable Laws relating to the environment. There have been no environmental investigations, studies, audits, tests, reviews or other analyses conducted by or for DK or any DKSub or, to the knowledge of DK, by or for any other Person with respect to any DK Leased Property or any real property owned, previously owned, leased, occupied or used by DK or a DKSub while DK or a DKSub has occupied such properties.

3.1.34     Condition and Sufficiency of Assets

All moveable property, including without limitation the DK Exhibitions Assets, facilities, machinery and equipment owned or used by each of DK and each DKSub in connection with the DK Business are in good operating condition and in a state of good repair and maintenance, reasonable wear and tear excepted. Each of DK and each DKSub owns or leases all of the property and assets (excluding Intellectual Property, which is dealt with in Section 3.1.35 below) used in or necessary for the conduct of the DK Business as it is currently being conducted with good and marketable title to all property and assets which are owned by DK, free and clear of any and all Encumbrances other than as set out in Section 3.1.34 of the DK Disclosure Letter.

3.1.35     Intellectual Property

Representations with respect to DK Intellectual Property

(a) Section 3.1.35(a) of the DK Disclosure Letter includes a description of:

(i) all material Intellectual Property (including, without limitation, Software but expressly excluding “shrink wrap” and “click wrap” Third Party Software) that is owned by DK or a DKSub or that is used by DK or a DKSub under a licence from another Person (together with a description of the applicable licence) and is necessary for or used in the DK Business;

(ii) all material Intellectual Property (including Software but expressly excluding “shrink wrap” and “click wrap” Third Party Software) that is owned by DK or DKSub or that is used by DK or a DKSub under a licence agreement from another Person which relates to:

(A) the conduct of the DK Business; or

(B) the exhibition, marketing, distribution, sale, licensing or other exploitation of the DK Exhibition Assets; and

(iii) all DK Registered Intellectual Property,

(collectively, the “DK Intellectual Property”).

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(b) The DK Intellectual Property comprises all Intellectual Property that is:

(i) materially necessary to the conduct of the DK Business; or

(ii) material to the conduct of the DK Business, the failure to own or to have the right to use would have a Material Adverse Effect on DK.

(c) Except as set out in Section 3.1.35(c) of the DK Disclosure Letter, each item of DK Intellectual Property is solely and exclusively owned by DK or a DKSub free and clear of any Encumbrances or co ownership interests or is licenced to DK or a DKSub under an existing written or electronic licence agreement that remains in force and which grants sufficient rights to permit DK or a DKSub to use such Intellectual Property in the manner necessary to carry on the DK Business.

(d) DK or a DKSub owns, solely and exclusively, any copyright that subsists in the DK Intellectual Property other than the copyright that subsists in any Third Party Software or other works, provided that such Third Party Software and other works are licenced to DK or any DKSub under a written or electronic licence agreement that is identified in Section 3.1.35(d) of the DK Disclosure Letter are in the public domain.

(e) To the extent that any of the DK Intellectual Property that is licenced by DK or a DKSub is incorporated in or embedded in the DK Exhibition Assets, DK or such DKSub has complied with all of the material terms and conditions contained in the licence agreements applicable to such DK Intellectual Property and neither DK nor any DKSub has received notice of and nether is aware of any material breaches, claims or disputes under such agreements. Neither DK nor any DKSub is aware of nor has it received notice of any breach by any customer or end user under any agreement applicable to the use of the DK Intellectual Property.

(f) Except as set out in Section 3.1.35(f) of the DK Disclosure Letter, neither DK nor any DKSub has transferred or assigned ownership of or granted any licence or right to any Person to copy, make, use, exploit, or authorize the retention of any rights to copy, make, use or exploit any DK Intellectual Property.

(g) Each item of DK Registered Intellectual Property is, to the knowledge of DK, valid and subsisting. All necessary registration, maintenance, renewal fees, annuity fees and Taxes in connection with the DK Registered Intellectual Property have been paid and all necessary documents and certificates in connection with the DK Registered Intellectual Property have been filed with the relevant patent, copyright, trade-mark or other authorities in the jurisdictions in which such DK Registered Intellectual Property is registered, as the case may be, for the purposes of maintaining such DK Registered Intellectual Property. Other than the DK Registered Intellectual Property, no registrations or filings with any Governmental Entity have been made by or on behalf of DK with respect to the DK Intellectual Property.

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(h) Except as set out in Section 3.1.35(h) of the DK Disclosure Letter, no royalty or other fee in respect of the DK Intellectual Property is required to be paid by DK or a DKSub to any other Person in relation to the sale or licensing of any of the DK Intellectual Property.

General Representations with respect to Intellectual Property

(i) To the knowledge of DK, each of DK and each DKSub owns or has the valid right to use all trade-marks, service marks, and trade names used by DK (including those described as DK Registered Intellectual Property) in connection with the its business, including without limitation the DK Business.

(j) Section 3.1.35(j) of the DK Disclosure Letter sets out all contracts, licences and agreements between each of DK and each DKSub and any other Person wherein or whereby DK or any DKSub has or may have agreed to, or assumed, any obligation or duty to warrant, indemnify, reimburse, hold harmless, guaranty or otherwise assume or incur any obligation or Liability or provide a right of rescission with respect to the infringement or misappropriation by DK or any DKSub or such other Person of any Intellectual Property Rights owned by any Person other than DK or such DKSub (and access to or copies of substantially all of same have been provided to Premier) other than any licence of Third Party Software which is granted for Software that is generally available to the public.

(k) Except as set out in Section 3.1.35(k) of the DK Disclosure Letter, there are no contracts, licences or agreements between DK or any DKSub and any other Person with respect to DK Intellectual Property under which there is any material dispute known to DK regarding the scope of such contract, licence or agreement, or performance under such contract, licence or agreement, including with respect to any payments to be made or received by DK or any DKSub thereunder.

(l) To the knowledge of DK, no Person is infringing or misappropriating any DK Intellectual Property provided that in the case of Third Party Software or other third party Intellectual Property, DK represents only that it has not received notice of and is not actually aware of any claims or threatened claims that such Third Party Software or other third party Intellectual Property, is being infringed or has been misappropriated. Subject to the foregoing proviso, DK has no knowledge of any past infringement or misappropriation of any DK Intellectual Property.

(m) Each of DK and each DKSub have taken commercially reasonable steps to protect and maintain the confidentiality of the trade secrets and other confidential information in the DK Intellectual Property and in any Intellectual Property provided by any other Person to DK or such DKSub.

(n) None of the DK Intellectual Property is subject to any actions or proceedings (whether pending or, to the best of DK’s knowledge, threatened) or any outstanding decree, order or judgment that restricts in any manner the use, transfer or licencing thereof by DK or any DKSub or that may affect the validity, use or enforceability of the same.

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3.1.36     GST/Sales Tax Registration

Each of DK, and each DKSub that is required to register pursuant to the ETA, is a registrant for the purposes of the ETA, as amended and, to the extent required by applicable Laws, is registered for sales tax purposes, each as disclosed in Section 3.1.36 of the DK Disclosure Letter.

3.1.37     Personal Information

(a) Each of DK and DKSub has a privacy policy which governs its collection, use and disclosure of DK Employee Personal Information applicable to the DK Business and, since the date of adoption of such privacy policy, each of DK and each DKSub are in compliance in all material respects with such privacy policy.

(b) There has not been any, and as of the date hereof there is no, complaint, investigation, proceeding or action completed, resolved, pending, or to the knowledge of DK, threatened against or involving in any way DK or any DKSub or the DK Business under or in relation to the Personal Information Protection and Electronic Documents Act (Canada), S.C. 2000, c.5 or the Personal Information Protection Act (British Columbia), S.B.C. 2003 c.63.

3.1.38 Advisory Fees

Except as set out in Section 3.1.38 of the DK Disclosure Letter, and except for the accountants and lawyers of DK retained to negotiate, advance, carry out and complete the transactions contemplated herein, there is no investment banker, broker, finder or other intermediary or advisor that has been retained by or is authorized to act on behalf of DK, each DKSub or any of its directors, officers or shareholders who might be entitled to any fee, commission, bonus or reimbursement of expenses from DK or a DKSub upon consummation of the transactions contemplated by this Agreement.

3.1.39     Other Negotiations; Brokers; Third Party Expenses

(a) None of DK, any DKSub nor, to the knowledge of DK, any of their respective directors, officers or shareholders (nor any investment banker, financial advisor, attorney, accountant or other Person retained by or acting for or on behalf of them or at any of their direction):

(i) has entered into any agreement that conflicts with any of the transactions contemplated by this Agreement; or

(ii) has entered into any agreement or had any discussions with any Person regarding any transaction involving DK or a DKSub or any material assets of DK or a DKSub which could reasonably be expected to result in any of DK, such DKSub or any of the officers, directors, employees, agents or shareholders of any of them being subject to any claim for Liability to such Person as a result of entering into this Agreement or consummating the transactions contemplated hereby.

(b) Section 3.1.39(b) of the DK Disclosure Letter lists all agreements with respect to, and a reasonable estimate of all Third Party Expenses which are reasonably expected to be incurred by DK or any DKSub in connection with the negotiation and implementation of the terms and conditions of this Agreement and the transactions contemplated hereby.

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(c) Section 3.1.39(c) of the DK Disclosure Letter lists any agreement (other than any agreement with any of DK or any DKSub or any of their respective affiliates) with respect to the negotiation and implementation of the terms and conditions of this Agreement and the transactions contemplated hereby.

3.1.40 Disclosure

The representations and warranties of DK contained in this Agreement and in any agreement, certificate, affidavit, statutory declaration or other document delivered or given pursuant to this Agreement, including the DK Disclosure Letter, are true and correct in all material respects and do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained in such representations and warranties not misleading to Premier.

3.2 Representations and Warranties of Premier

Premier represents and warrants as of the date hereof to and in favour of DK and the DK Securityholders as follows and acknowledges that DK and the DK Securityholders are relying upon such representations and warranties in connection with the matters contemplated by this Agreement, the Merger and the transactions contemplated herein:

3.2.1     Incorporation and Organization/Subsidiaries

(a) Each of Premier and each Premier Subsidiary has been duly incorporated or formed under the Laws of its jurisdiction of incorporation, is validly subsisting, has full corporate and legal power and authority to own, lease and operate the properties currently owned, leased and operated by it and in respect of Premier to conduct the Premier Business as currently conducted, and is in good standing with the appropriate Governmental Entity in its jurisdiction of incorporation. Each of Premier and Premier’s Subsidiaries is duly qualified or licenced to do business and is in good standing as a foreign corporation or organization authorized to do business in all jurisdictions in which the character of the properties owned, leased or operated or the nature of the business conducted by it would make such qualification or licencing necessary except where the lack of such qualification or licencing would not have a Material Adverse Effect applicable to Premier or a Premier Subsidiary. No proceedings have been instituted or are pending for the dissolution or liquidation of any of Premier or any Premier Subsidiary.

(b) Set out in Section 3.2.1(b) of the Premier Disclosure Letter is a complete and accurate listing of the Premier Subsidiaries including their jurisdictions of incorporation or organization.

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3.2.2     Capitalization

The authorized capital of Premier consists of 6,500,000 Premier Shares having a par value of $0.0001 each, of which, as of March 30, 2015 4,917,213 Premier Shares were issued and outstanding and on a diluted basis 5,015,960 Premier Shares would be so issued and outstanding. Except for employee stock options and purchase rights granted by Premier pursuant to employment compensation plans or as listed in Section 3.2.2 of the Premier Disclosure Letter and except pursuant to this Agreement, there are no options, warrants, conversion privileges or other rights, agreements, arrangements or commitments (contingent or otherwise) obligating Premier to issue or sell any shares or securities or obligations of any kind convertible into or exchangeable for any shares of Premier. No Premier Shares and no shares of preferred stock of Premier are held in treasury or authorized or reserved for issuance, other than upon the exercise of the warrants, options and purchase rights referred to above. All outstanding Premier Shares have been duly authorized and are validly issued, fully paid and non-assessable. Except as set out in Section 3.2.2 of the Premier Disclosure Letter, there are no outstanding bonds, debentures or other evidences of indebtedness of Premier or Exchangeco having the right to vote (or that are convertible for or exercisable into securities having the right to vote) with the holders of the Premier Shares on any matter.

3.2.3     Authority and No Violation

(a) Each of Premier and Exchangeco has all requisite corporate power and authority to enter into this Agreement and each of the Ancillary Agreements, to which it is a party, and subject to the approval of the Premier Shareholders’ Resolution by the Premier Shareholders at the Premier Special Meeting, to perform its obligations hereunder and thereunder, and to consummate the Merger and the other transactions contemplated by this Agreement. The execution and delivery of this Agreement and each of the Ancillary Agreements, to which it is a party, by each of Premier and Exchangeco and the consummation by each of Premier and Exchangeco of the transactions contemplated by this Agreement and each of the Ancillary Agreements, to which it is a party, have been duly authorized by its respective board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and each of the Ancillary Agreements, to which it is a party, or the transactions contemplated hereby or thereby other than in the case of Premier, other matters (if any) relating solely to the implementation of the Merger, which will be completed prior to the Effective Date.

(b) This Agreement has been duly executed and delivered by each of Premier and Exchangeco, as applicable, and constitutes a legal, valid and binding obligation, enforceable against each of them in accordance with its terms, subject to bankruptcy, insolvency and other similar Laws affecting creditors’ rights generally, and to general principles of equity. Each of the Ancillary Agreements has been or will be duly executed and delivered by each of Premier and Exchangeco, as applicable, and, (i) if executed, constitute a legal, valid and binding obligation, enforceable against each of them that is a party in accordance with its terms; and (ii) when so executed and delivered, will constitute a legal, valid and binding obligation, enforceable against each of them that is a party in accordance with its terms, in each case, subject to bankruptcy, insolvency and other similar Laws affecting creditors’ rights generally, and to general principles of equity.

(c) The approval of this Agreement and each of the Ancillary Agreements, as applicable, the execution and delivery by each of Premier and Exchangeco of this Agreement and each of the Ancillary Agreements, to which it is a party and the performance by it of its obligations hereunder and thereunder and the completion of the Merger and the transactions contemplated thereby, will not:

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(i) conflict with, result in a violation or breach of, require any consent to be obtained (other than such as has already been obtained) under or give rise to any termination rights or payment obligation under any provision of:

(A) its certificate of incorporation, memorandum, articles, by-laws or other charter documents, as applicable, including any agreement or understanding with any Person holding an ownership interest in it;

(B) subject to obtaining the Applicable Regulatory Approvals relating to Premier and Premier’s Subsidiaries or the transactions contemplated herein, any Laws;

(C) the Titanic Covenants and Conditions; or

(D) any material contract, agreement, licence, franchise or permit to which it is party or by which it is bound;

(ii) give rise to any right of termination or acceleration of indebtedness, or cause any third party indebtedness to come due before its stated maturity or cause any available credit to cease to be available; or

(iii) except as would not, individually or in the aggregate, have a Material Adverse Effect on Premier, any of Premier’s Subsidiaries, result in the imposition of any Encumbrance upon any of its assets, or restrict, hinder, impair or limit the ability of Premier to carry on the Premier Business as and where it is now being carried on or as and where it may be carried on in the future.

(d) No consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Entity or other Person is required to be obtained by any of Premier, Premier’s Subsidiaries, in connection with the execution and delivery of this Agreement or any of the Ancillary Agreements or the Success Payment Agreement, as applicable, or the consummation by either of Premier or Exchangeco of the transactions contemplated hereby or thereby other than:

(i) the Applicable Regulatory Approvals relating to Premier or Premier’s Subsidiaries, the indirect transfer of the Titanic Assets, the change of control of RMSTI or the transactions contemplated herein;

(ii) any other consents, approvals, orders, authorizations, declarations or filings of or with a Governmental Entity which, if not obtained, would not in the aggregate have a Material Adverse Effect on any of Premier or any Premier’s Subsidiary.

(e) No “fair price”, “moratorium”, “control share acquisition” or similar anti-takeover Law or any other state takeover Law or Law that purports to limit or restrict business combinations or the ability to acquire or vote shares apply to this Agreement or any of the transactions contemplated hereby.

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3.2.4     No Defaults

None of Premier nor any Premier Subsidiary are in default under, and there exists no event, condition or occurrence which, after notice or lapse of time or both, would constitute such a default under, any contract, agreement, licence, franchise or any other document to which it is a party or by which it is bound which would, if terminated due to such default, cause a Material Adverse Effect on Premier or RMSTI.

3.2.5     Ownership of Exchangeco and Business of Exchangeco

All of the outstanding shares of capital stock of Exchangeco are validly issued, fully paid and non-assessable and all such shares and other ownership interests are owned directly or indirectly by Premier, free and clear of all liens, claims or encumbrances, and there are no outstanding options, rights, entitlements, understandings or commitments (pre-emptive, contingent or otherwise) regarding the right to acquire any such shares of capital stock or other ownership interests in Exchangeco. Exchangeco does not carry on any business and has not been and is not used for any purpose other than to carry out this Agreement and the transactions contemplated herein.

3.2.6     Absence of Certain Changes or Events

Except as disclosed in the Premier most recent 10-K filed with the SEC prior to the date of this Agreement and any 10-Q or 8-K of Premier filed with the SEC subsequent thereto but prior to the date hereof and after the Premier Financial Statements, since the date of the Premier Financial Statements (or since the date of its incorporation, in the case of Exchangeco), each of Premier and its Subsidiaries has conducted its business only in the ordinary course of business and there has not occurred:

(a) any Material Adverse Change in respect of Premier or Premier’s Subsidiaries; or

(b) any agreement or arrangement to take any action which, if taken prior to the date hereof, would have made any representation or warranty set out in this Agreement materially untrue or incorrect as of the date when made.

3.2.7 Disclosure

Premier has publicly disclosed in the SEC Documents filed with the SEC any information regarding any event, circumstance or action taken or failed to be taken which could individually or in the aggregate reasonably be expected to have a Material Adverse Effect on Premier or the Premier Business.

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3.2.8     SEC Documents; Premier Financial Statements

(a) As of their respective filing dates, all SEC Documents filed by Premier since January 1, 2010 complied in all material respects with the requirements of the Securities Act and the Exchange Act and the Sarbanes-Oxley Act (and the applicable rules and regulations promulgated thereunder) and the listing and corporate governance rules and regulations of the NCM, as the case may be, and none of the SEC Documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances in which they were made, not misleading, except to the extent such SEC Documents have been corrected, updated or superseded by a document subsequently filed with the SEC prior to the date hereof. Premier has timely filed or furnished, as applicable, all SEC Documents required to be filed or furnished by it with the SEC since January 2, 2010.The Premier Financial Statements and the Premier Interim Financial Statements, including the notes thereto, included in the SEC Documents comply as to form and substance in all material respects with the published rules and regulations of the SEC with respect thereto, have been prepared in accordance with United States generally accepted accounting principles consistently applied (except as may be indicated in the notes thereto or, in the case of unaudited statements, as permitted by Form 10-Q under the Exchange Act) and present fairly the consolidated financial position of Premier at the dates thereof and the consolidated results of its operations and cash flows for the periods then ended (subject, in the case of the Premier Interim Financial Statements, to normal year-end adjustments).

(b) The Monthly Financial Statements have been prepared in accordance with United States generally accepted accounting principles and present fairly the consolidated financial position of Premier at the dates thereof and the consolidated results of its operations and cash flows for the periods then ended (subject to normal year-end adjustments).

(c) Premier maintains “disclosure controls and procedures” required by Rule 13a-15 or Rule 15d-15 under the Exchange Act sufficient to provide reasonable assurance regarding the reliability of financial reporting for Premier and its Subsidiaries. Such disclosure controls and procedures are designed to ensure that material information relating to Premier, including its Subsidiaries, is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and is accumulated and made known on a timely basis to the individuals responsible for the preparation of Premier’s filings with the SEC on a timely basis. Premier maintains internal control over financial reporting (as defined in Rule 13a-15 or 15d-15, as applicable, under the Exchange Act) and since January 1, 2010 has disclosed to Premier’s auditors and the audit committee of the board of directors of Premier (and made summaries of such disclosures available to DK) (A) any significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting that are reasonably likely to adversely affect in any material respect Premier’s ability to record, process, summarize and report financial information; and (B) any fraud, whether or not material, that involves management or other employees who have a significant role in Premier’s internal controls over financial reporting. Premier is in compliance in all material respects with all effective provisions of the Sarbanes-Oxley Act and, to Premier’s knowledge, no employee of Premier or any of its Subsidiaries has provided or is providing information to any law enforcement agency regarding the commission or possible commission of any crime or the violation or possible violation of any applicable legal requirements of the type described in Section 806 of the Sarbanes-Oxley Act by Premier or any of its Subsidiaries. Since January 1, 2010, neither Premier nor any of its Subsidiaries nor, to Premier’s knowledge, any representative of Premier or any of its Subsidiaries has received any complaint, allegation, assertion or claim, whether written or oral, that Premier or any of its Subsidiaries has engaged in material and questionable accounting or auditing practices.

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(d) As of the date of this Agreement, (i) there are no outstanding or unresolved comments in comment letters received by Premier from the SEC and (ii) to Premier’s knowledge, none of the SEC Documents filed by Premier since January 1, 2010 is the subject of ongoing SEC review. No executive officer of Premier has failed to make the certifications required of him or her under Section 302 or 906 of the Sarbanes-Oxley Act, and neither Premier nor any of its executive officers has received notice from any Governmental Entity challenging or questioning the accuracy, completeness, form or manner of filing of such certifications.

(e) There are no unconsolidated Subsidiaries of Premier or any off-balance sheet arrangements of the type required to be disclosed pursuant to Item 303(a)(4) of Regulation S-K promulgated by the SEC that have not been so disclosed in the SEC Documents filed by Premier since January 1, 2010.

3.2.9     Exchangeable Shares

The Exchangeable Shares to be issued in connection with the Merger will be duly and validly issued by Exchangeco as fully paid and non-assessable shares on the Effective Date, and will not be issued in violation of the terms of any agreement or other understanding binding upon Exchangeco at the time that such shares are issued and will be issued in compliance with the constating documents of Exchangeco and all applicable Laws. There are, and will at the Effective Time be, no pre-emptive or other rights relating to the allotment or issuance of Exchangeable Shares in connection with the Merger and the transactions contemplated herein.

3.2.10     Premier Shares

(a) The Premier Shares and the Premier Merger Shares to be issued pursuant to the Merger and the Premier Shares to be issued upon the exchange of the Exchangeable Shares pursuant to the retraction rights attached to the Exchangeable Shares, the redemption of such Exchangeable Shares by Exchangeco, the exercise by Premier of its Redemption Call Right, Retraction Call Right or Liquidation Call Right or the automatic exchange rights contemplated in Section 2.11, or upon conversion of the Amended and Restated Pentwater Note or pursuant to the Success Payment Agreement will, when issued and delivered in accordance with the terms of the Share Provisions, the Amended and Restated Pentwater Note or the Success Payment Agreement, as applicable (the “Transaction Securities”), be duly and validly issued by Premier on their respective dates of issue as fully paid, non-assessable shares and will not be issued in violation of the terms of any agreement or other understanding binding upon Premier at the time that such shares are issued and will be issued in compliance with the constating documents of Premier and all applicable Laws, including without limitation, the rules relating to the NCM.

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(b) Assuming and subject to the satisfaction of all conditions precedent set out in Sections 5.1 and 5.3, the issuance of the Exchangeable Shares to be issued on the Effective Date pursuant to this Agreement shall be exempt from the registration requirements of the Securities Act by virtue of the exemption provided in in Rule 506 of Regulation D promulgated thereunder. The Premier Shares issued upon exchange of the Exchangeable Shares will be issued pursuant to an exemption from the registration requirements of the Securities Act by virtue of exemptions provided by either Regulation D or Regulation S under the Securities Act. Upon the registration statement being declared effective (which registration statement is required to be filed by Premier pursuant to the Registration Rights Agreement), the resale of the Premier Shares issued or issuable upon exchange of Exchangeable Shares will be registered under theSecurities Act. Upon the filing with the SEC of a registration statement on Form S-3 or Form S-4 under the Securities Act with respect to the Premier Shares issuable upon the conversion of the Amended and Restated Pentwater Note and pursuant to the Success Payment Agreement will be registered under the Securities Act.

(c) The issuance of Exchangeable Shares on the Effective Date pursuant to this Agreement will be exempt from the “prospectus requirements” and are not subject to the “dealer registration requirements” under the applicable securities Laws of the Province of British Columbia. The issuance of Premier Shares to be issued upon the exchange of the Exchangeable Shares pursuant to the retraction rights attached to the Exchangeable Shares, the redemption of such Exchangeable Shares by Exchangeco, the exercise by Premier of its Redemption Call Right, Retraction Call Right or Liquidation Call Right or the automatic exchange rights contemplated in Section 2.11 from time to time will be exempt from the “prospectus requirements” and are not subject to the “dealer registration requirements” under the applicable securities Laws of the Province of British Columbia.

(d) The issuance of the Premier Shares on the conversion of the Amended and Restated Pentwater Note in accordance with the terms of the Amended and Restated Pentwater Note will be exempt from the “prospectus requirements” and will not be subject to the “dealer registration requirements” under the applicable securities Laws of the Province of British Columbia.

(e) The issuance of the Premier Shares under the Success Payment Agreement in accordance with the terms of the Success Payment Agreement will be exempt from the “prospectus requirements” and will not be subject to the “dealer registration requirements” under the applicable securities Laws of the Province of British Columbia.

The foregoing representation is based on Laws in effect or as proposed as of the date hereof and assuming that such Laws are not amended prior to the date of any particular trade referred to above and is also based on the qualification that no “cease-trade” or similar order restricting trades in any of the Transaction Securities is in effect at such time.

3.2.11     Other Transactions

Premier is not aware of any transaction or proposed transaction involving any of Premier or any Premier Subsidiary which would constitute a Premier Control Transaction (as such term is defined in the Share Provisions). As at the date hereof, Premier is not in any discussions to acquire any third party other than DK and is not in discussion with any third party for the sale of Premier or any Premier Subsidiary or any of their respective assets, including without limitation, the Titanic Assets.

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3.2.12     Subsidiaries

(a) Except as disclosed in Section 3.2.12 of the Premier Disclosure Letter, no Premier Subsidiary is the beneficial or registered owner of any shares or other ownership interests in any Person (other than another Premier Subsidiary), and neither holds any securities or obligations of any kind convertible into or exchangeable for shares or other ownership interests in any Person. None of the Premier Subsidiaries is a party to any agreement to acquire any shares or other ownership interests in any Person except in respect of the Exchangeable Shares.

(b) Each Premier Subsidiary is a corporation duly incorporated under the Laws of its jurisdiction of incorporation or another entity that is a business vehicle such as (but not limited to) a trust or partnership and any such other entity is duly organized or constituted under applicable Laws, and each such corporation or other entity is validly subsisting, has full corporate or other organizational and legal power and authority to own, lease and operate the properties currently owned, leased and operated by it and conducts its business as currently conducted, and is in good standing under the Laws of its jurisdiction of incorporation, organization, or constitution. Each Premier Subsidiary is duly qualified or licenced to do business and is in good standing as a foreign corporation or organization authorized to do business in all jurisdictions in which the character of the properties owned, leased or operated or the nature of the business conducted by it would make such qualification or licencing necessary. No proceedings have been instituted or are pending for the dissolution or liquidation of any Premier Subsidiary. True and complete copies of the constating, incorporation or organizational documents, as the case may be, of each Premier Subsidiary have been provided to DK.

(c) Premier is the beneficial direct or indirect owner of all of the issued and outstanding shares of each Premier Subsidiary free of any Encumbrance. Except as contemplated in this Agreement, no Person has any other agreement, option, commitment, arrangement, or any other right or privilege (whether by Law, pre-emptive or contractual) capable of becoming an agreement, option or commitment (including any such right or privilege under convertible securities, warrants or convertible obligations of any nature) for:

(i) the purchase, subscription, allotment or issuance of, or conversion into, any of the issued or unissued shares or any other securities of any Premier Subsidiary; or

(ii) the purchase or other acquisition from any Premier Subsidiary of any of its undertakings, business or assets.

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3.2.13     Liabilities

Except as reflected in the Premier Financial Statements or the Premier Interim Financial Statements or except as set out and described in Section 3.2.13(b) of the Premier Disclosure Letter, none of Premier nor any Premier Subsidiary has any material Liability, indebtedness, obligation, expense, claim, deficiency, Guarantee or endorsement of any type, whether accrued, absolute, contingent, matured, unmatured or otherwise. Premier has no knowledge of any potential Liabilities or obligations, other than:

(a) Liabilities (including Liabilities for unpaid Taxes) disclosed on, reflected in or provided for in the Premier Financial Statements or the Premier Interim Financial Statements;

(b) Liabilities disclosed in Section 3.2.13(b) of the Premier Disclosure Letter or provided for in the operating budget of Premier for the financial year ending February 28, 2016, a copy of which has been provided to DK;

(c) Liabilities incurred in the ordinary course of the Premier Business and attributable to the period since the date of the Premier Interim Financial Statements, none of which, individually or in the aggregate, has a Material Adverse Effect on Premier or any Premier Subsidiary; and

(d) Liabilities incurred in connection with this Agreement or the transactions contemplated in this Agreement.

3.2.14     Debt Instruments

Except as set out and described in Section 3.2.14 of the Premier Disclosure Letter, none of Premier or any Premier Subsidiary is bound by or subject to:

(a) any Debt Instrument; or

(b) any agreement, contract or commitment to create, assume or issue any Debt Instrument,

and no Debt Instrument or Encumbrance to which Premier or any Premier Subsidiary is bound by or subject to is dependent upon the Guarantee of or any security provided by any other Person.

3.2.15     Accounts Receivable

All accounts receivable of and book debts and other debts due to Premier or a Premier Subsidiary reflected in the Premier Financial Statements or which have come into existence since the Financial Year End were created in the ordinary course of the Premier Business and, except to the extent that the same have been paid in the ordinary course of the Premier Business since the Financial Year End, are valid and enforceable and payable in full, without any right of set-off or counterclaim or any reduction for doubtful accounts other than as reflected in the Premier Financial Statements and, in the case of accounts receivable which have come into existence since the Financial Year End, in the Premier Interim Financial Statements, other than a reasonable allowance for doubtful accounts consistent with Premier’s previous practice.

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3.2.16     Accuracy of Books and Records

Except as disclosed in Section 3.2.16 of the Premier Disclosure Letter, the books and records, accounting, financial and otherwise, of Premier fairly and correctly set out and disclose in all material respects, in accordance with United States generally accepted accounting principles applied on a consistent basis, the financial position of Premier as at the date hereof and all material financial transactions of Premier have been accurately recorded in such books and records on a consistent basis and in conformity with United States generally accepted accounting principles applied on a consistent basis. Except as disclosed in Section 3.2.16 of the Premier Disclosure Letter, all records, controls, data or information owned by Premier and required to operate the Premier Business are in the full possession and control of Premier.

3.2.17     Guarantees

Except as set out and described in Section 3.2.17 of the Premier Disclosure Letter, none of Premier or any Premier Subsidiary is party to or bound by or subject to any Guarantee of the indebtedness of any other Person.

3.2.18     Moveable Property

Except as disclosed in Section 3.2.18 of the Premier Disclosure Letter, the moveable (personal) property of Premier:

(a) consist solely of items of tangible moveable (personal) property of the kind and quality regularly used or produced in the Premier Business, including the Premier Exhibition Assets;

(b) are useable in the ordinary course of the Premier Business for the purpose for which they were intended; and

(c) have been valued in the Premier Financial Statements in accordance with United States generally accepted accounting principles, on a basis consistent with that of past practice.

3.2.19     Titanic Assets

(a) The execution and delivery of this Agreement, the performance of the transactions contemplated by this Agreement, and the fulfillment of the terms of this Agreement, will not conflict with or violate any of the Titanic Documents or require any approval of the U.S. District Court for the Eastern District of Virginia or the National Oceanic and Atmospheric Administration, which is an agency within the United States Department of Commerce.

(b) RMSTI is the sole owner of the Titanic Assets and has and at all times will have the sole rights and powers to transfer rights in the Titanic Assets subject in all respect to the Titanic Documents, and no Lien exists upon the Titanic Assets.

(c) The location of each of the Titanic Collection is described in the Amended and Restated Pentwater Note.

(d) The Titanic Reserve Account has a balance of $357,859.67, as at February 28, 2015.

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(e) The Titanic Reserve Account has been funded in accordance with the Titanic Covenants and Conditions.

(f) There are no restrictions on the transfer, pledge, assigned, disposal or sale of the Titanic Collections except as set out in the Titanic Documents.

(g) Each of the Titanic Documents is enforceable in accordance with its respective terms and in full force and effect, unamended.

(h) All Premier Material Agreements and material documents entered into by RMSTI and all other Premier Material Agreements and material documents entered into by any of Premier or a Premier Subsidiary relating to the Titanic Assets are described in Section 3.2.19 of the Premier Disclosure Letter and each such Premier Material Agreement or material document is in full force and effect and no defaults by any party exist thereunder.

(i) RMSTI is the sole salvor in respect of the Titanic Collection.

(j) Neither RMSTI nor Premier has in any way operated its business in conflict with the Titanic Documents, including the trust imposed thereunder.

(k) RMSTI is in compliance with the Titanic Documents, including the trust imposed thereunder.

3.2.20     Business Carried on in Ordinary Course

The Premier Business has been carried on in the ordinary course since the Financial Year End, and since the Financial Year End:

(a) there has been no Material Adverse Change with respect to Premier or a Premier Subsidiary other than changes incurred in the ordinary course of the Premier Business;

(b) there has been no damage, destruction or loss of any material tangible assets, whether covered by insurance or not, that could reasonably be expected to have a Material Adverse Effect on Premier or a Premier Subsidiary;

(c) other than the 10-for-1 stock consolidation effected on February 27, 2015, there has been no split, combination, consolidation, or reclassification of any of the outstanding Premier Shares, and Premier has not declared or paid any dividends on or made any other distributions (in either case, in stock or property) on or in respect of the outstanding Premier Shares;

(d) Premier has not allotted, reserved, set aside or issued, authorized or proposed the allotment, reservation, setting aside or issuance of, or purchased or redeemed or proposed the purchase or redemption of, any shares in its capital stock or any class of securities convertible or exchangeable into, or rights, warrants or options to acquire, any such shares or other convertible or exchangeable securities, nor has Premier agreed to do any of the foregoing;

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(e) except as disclosed in Section 3.2.20(e) of the Premier Disclosure Letter, there has been no increase in the salary or other cash compensation payable or to become payable by Premier or a Premier Subsidiary to any of its officers, directors, Premier Employees or advisors, other than in the ordinary course of the Premier Business, and there has been no declaration, payment or commitment or obligation of any kind for the payment or granting by Premier or a Premier Subsidiary of a bonus, stock option or other additional salary or compensation to any such Person, or any grant to any such Person of any increase in severance or termination pay, nor has Premier or a Premier Subsidiary agreed to do any of the foregoing;

(f) except as disclosed in Section 3.2.20(f) of the Premier Disclosure Letter, there has been no increase in or modification of any Premier Employee Benefit Plan or agreement to increase or modify any Premier Employee Benefit Plan (including, in either case, the granting of stock options, restricted stock awards or stock appreciation rights) made to, for or with any of the Premier Employees, its directors or officers, other than increases in salary or cash compensation payable or to become payable by Premier or a Premier Subsidiary to any of the Premier Employees or its officers or directors, provided any such increase is in the ordinary course of the Premier Business;

(g) except as disclosed in Section 3.2.20(g) of the Premier Disclosure Letter, none of Premier or a Premier Subsidiary has:

(i) acquired or sold, pledged, leased, encumbered or otherwise disposed of any material property or assets or agreed to do any of the foregoing; or

(ii) incurred or committed to incur capital expenditures in excess of $250,000, in the aggregate, or agreed to do any of the foregoing;

(h) except as set out in Section 3.2.20(h) of the Premier Disclosure Letter, none of Premier or any Premier Subsidiary has entered into any material contract, agreement, licence, franchise, lease transaction, commitment or other right or obligation and has not amended, modified, relinquished, terminated or failed to renew any Premier Material Agreement, other than in the ordinary course of the Premier Business;

(i) there has been no transfer (by way of a licence or otherwise) of or agreement to transfer to any Person rights to any Premier Intellectual Property;

(j) Premier has not made any change in accounting policies, principles, methods, practices or procedures (including for bad debts, contingent Liabilities or otherwise), respecting capitalization or expense of research and development expenditures, depreciation or amortization rates or timing of recognition of income and expense;

(k) Premier has taken all commercially reasonable action required to maintain, renew or enforce any Premier Registered Intellectual Property;

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(l) except as set out in Section 3.2.20(l) of the Premier Disclosure Letter, there has been no notice delivered to Premier or any Premier Subsidiary of any claim of ownership by a third party of any of the Premier Intellectual Property owned or developed by Premier or any Premier Subsidiary or of infringement by Premier or any Premier Subsidiary of any third party’s Intellectual Property;

(m) except as set out in Section 3.2.20(m) of the Premier Disclosure Letter, there has been no amendment to the articles or by-laws or other constating documents of Premier or any Premier Subsidiary;

(n) there has been no disruption in the normal work of Premier’s workforce or claim of wrongful discharge or other unlawful labour practice in respect of Premier or any Premier Subsidiary;

(o) there has been no waiver by Premier or any Premier Subsidiary or agreement to waive, any right of substantial value and neither Premier nor any Premier Subsidiary has entered into any commitment or transaction not in the ordinary course of the Premier Business where such right, commitment or transaction is or would be material in relation to Premier or the Premier Business; and

(p) except as set out in Section 3.2.20(p) of the Premier Disclosure Letter, there has been no creation, or agreement by Premier or any Premier Subsidiary to create any Encumbrance on any of its property or assets (except for any lien for unpaid Taxes not yet due).

3.2.21     Partnerships or Joint Ventures

Except as set out in Section 3.2.21 of the Premier Disclosure Letter, neither Premier nor any Premier Subsidiary is a partner or participant in any partnership, joint venture, profit sharing arrangement or other business combination of any kind and is not party to any agreement under which a Premier or a Premier Subsidiary agrees to carry on any part of the Premier Business or any other activity in such manner or by which Premier or a Premier Subsidiary agrees to share any revenue or profit with any other Person.

3.2.22     Minute Books and Corporate Records

The minute and record books of each of Premier and each Premier Subsidiary contains complete and accurate minutes of all meetings of, and copies of the articles and resolutions passed by, or consented to in writing by, the directors (and any committees thereof) and shareholders of Premier or the Premier Subsidiary since its incorporation and which are required to be maintained in such books under the Laws of its incorporation; all such meetings were duly called and held and all such articles and resolutions were duly passed or enacted. The share certificate books, registers of shareholders, registers of transfers, registers of directors, registers of holders of Debt Instruments and other corporate registers of each of Premier and each Premier Subsidiary comply with the provisions of all applicable Laws and are complete and accurate in all material respects. Neither Premier nor any Premier Subsidiary is party to or bound by or subject to any shareholder agreement or unanimous shareholder agreement governing its affairs or the relationships, rights and duties of shareholders and is not subject to a shareholder rights plan or “poison pill” or similar plan.

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3.2.23     Interested Persons

Except as set out and described in Section 3.2.23 of the Premier Disclosure Letter:

(a) neither Premier nor any Premier Subsidiary is party to or bound by or subject to any agreement, contract or commitment with any Interested Person, except for contracts of employment or personal services contracts with independent contractors;

(b) neither Premier nor any Premier Subsidiary has any loan or indebtedness outstanding (except for obligations incurred in the ordinary course of the Premier Business with respect to any Premier Employee Benefit Plan, personal services contracts or the reimbursement of expenses incurred on behalf of Premier or a Premier Subsidiary or otherwise) to any Interested Person;

(c) all activities of Premier and its Subsidiaries have been carried at Arm’s Length with each Interested Person; and

(d) no Interested Person has any cause of action or other claim whatsoever against, or owes any amount to, Premier or any Premier Subsidiary in connection with the Premier Business as heretofore carried on, except for any Liability reflected in the Premier Financial Statements or the Premier Interim Financial Statements and claims in the ordinary course of the Premier Business such as, without limitation, for accrued vacation pay and accrued benefits under any Premier Employee Benefit Plan.

3.2.24     Directors and Officers

Section 3.2.24 of the Premier Disclosure Letter sets forth the names and titles of all directors and officers of Premier and each Premier Subsidiary, as at the date of this Agreement.

3.2.25     Employment and Employee Benefit Matters

(a) As at the date of this Agreement, Premier and the Premier Subsidiaries, collectively, had not more than 50 full time Premier Employees and not more than 150 full time equivalent of part time Premier Employees and not more than 3 temporary Premier Employee. The names of the Premier Employees as of March 15, 2015, their years of service, their job titles and benefits under the Premier Employee Benefit Plans to which they are entitled are set out and described in Section 3.2.25(a) of the Premier Disclosure Letter. To the knowledge of Premier, no Premier Employee intends to terminate his employment with Premier, whether as a result of the transactions contemplated by this Agreement or otherwise.

(b) Section 3.2.25(b) of the Premier Disclosure Letter contains a complete list of all Premier Employee Benefit Plans maintained, or otherwise contributed to or required to be contributed to, by Premier or a Premier Subsidiary for the benefit of Premier Employees or former Premier Employees, and sets out a description of all policies, handbooks and manuals relating to employment matters.

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(c) Section 3.2.25(c) of the Premier Disclosure Letter contains a true, accurate and complete list of each Premier Employee Benefit Plan.

(d) With respect to each Premier Employee Benefit Plan, Premier has made available to DK accurate, current and complete copies of each of the following:

(i) each written Premier Employee Benefit Plan and all amendments thereto;

(ii) a written summary of all material plan terms of each unwritten Premier Employee Benefit Plan; and

(iii) employee handbooks of each of Premier and each Premier Subsidiary.

(e) Except as could not reasonably be expected to result in material Liability to Premier or a Premier Subsidiary, each Premier Employee Benefit Plan has been established, administered and maintained in accordance with its terms and in compliance with applicable Law.

(f) All material benefits, contributions and premiums relating to each Premier Employee Benefit Plan have been paid in accordance with the terms thereof and all applicable Laws and accounting principles, and all material benefits accrued under any unfunded Premier Employee Benefit Plan have been paid, accrued or otherwise adequately reserved to the extent required by, and in accordance with United States generally accepted accounting principles.

(g) Except as required by applicable Law or NASDAQ rules, no provision of any Premier Employee Benefit Plan that is sponsored or maintained by Premier or a Premier Subsidiary would restrict Premier or a Premier Subsidiary from amending or terminating any such Premier Employee Benefit Plan. Neither Premier nor any Premier Subsidiary has any commitment or obligation and has not made any representations to any Premier Employee or independent contractor or consultant to any Premier or any Premier Subsidiary to adopt, amend or modify any Premier Employee Benefit Plan in connection with the consummation of the transactions contemplated by this Agreement.

(h) There is no pending or, to Premier’s knowledge, threatened action relating to a Premier Employee Benefit Plan (other than routine claims for benefits), and no Premier Employee Benefit Plan has within the six years prior to the date hereof been the subject of an examination or audit by a Governmental Authority.

(i) Except as disclosed in Section 3.2.25(i) of the Premier Disclosure Letter, neither the execution of this Agreement nor the consummation of the transactions contemplated by this Agreement will:

(i) entitle any Premier Employee to severance pay pursuant to a Premier Employee Benefit Plan;

(ii) accelerate the time of payment, funding or vesting, or increase the amount of compensation due to any such individual pursuant to a Premier Employee Benefit Plan;

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(iii) limit or restrict the right of Premier or the relevant Premier Subsidiary to merge, amend or terminate any Premier Employee Benefit Plan that is sponsored or maintained by Premier or a Premier Subsidiary; or

(iv) increase the amount payable under by or result in any other material obligation to a Premier or a Premier Subsidiary pursuant to any Premier Employee Benefit Plan.

(j) With respect to any other employee benefit plan that is not a Premier Employee Benefit Plan, except as could not reasonably be expected to result in material Liability to Premier or a Premier Subsidiary:

(i) each such employee benefit plan complies with all applicable Laws (including ERISA and the Code);

(ii) each such employee benefit plan that is intended to be qualified under Section 401(a) of the Code (a “Qualified Employee Benefit Plan”) has received a favorable determination letter from the Internal Revenue Service, or with respect to a prototype or volume submitter plan, can rely on an opinion or advisory letter from the Internal Revenue Service, to the effect that such Qualified Employee Benefit Plan is so qualified and that the plan and the trust related thereto are exempt from federal income Taxes under Sections 401(a) and 501(a), respectively, of the Code; and

(iii) neither Premier nor any of its ERISA Affiliates has, at any time during the past six years,

(A) terminated any such employee benefit plan that was subject to Title IV of ERISA;

(B) failed to timely pay premiums to the Pension Benefit Guaranty Corporation;

(C) withdrawn from any such employee benefit plan that is a “multiemployer plan” (as defined in Section 3(37) of ERISA) subject to Title IV of ERISA; or

(D) engaged in any transaction that would give rise to Liability under Section 4069 of ERISA.

(k) Except as set out and described in Section 3.2.25(k) of the Premier Disclosure Letter:

(i) neither Premier nor any Premier Subsidiary is party to or bound by or subject to any agreement or arrangement with respect to the Premier Employee Benefit Plans and no such agreement or arrangement contains any specific provision as to notice of termination of employment or severance pay in lieu thereof;

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(ii) neither Premier nor any Premier Subsidiary has any obligations to amend any Premier Employee Benefit Plan and no amendments will be made or promised prior to the Effective Date, except with the prior written consent of DK;

(iii) all obligations of Premier and each Premier Subsidiary with respect to the Premier Employee Benefit Plans are reflected in and have been fully accrued in the Premier Financial Statements or the Premier Interim Financial Statements;

(iv) neither Premier nor any Premier Subsidiary is party to or bound by or subject to any collective bargaining agreement or other similar arrangement with any labour union or employee association nor has it made any commitment to or conducted any negotiation or discussion with any labour union or employee association with respect to any future agreement or arrangement and, to the knowledge of Premier, there is no current application for certification or other attempt to organize or establish any labour union or employee association with respect to Premier Employees;

(v) each of Premier and each Premier Subsidiary has, in all material respects, complied with, and operated its business in accordance with, all applicable Laws relating to employment and labour matters, including employment and labour standards, occupational health and safety, employment equity, pay equity, workers’ compensation, human rights and labour relations matters, but not including privacy; there are no current, pending or, to the knowledge of Premier, threatened claims, complaints or proceedings of any kind involving Premier or any Premier Subsidiary, or to Premier's knowledge, any of their respective Premier Employees before any Tribunal with respect to any of the above matters; and there are no facts known to Premier that could reasonably be expected to give rise to any such claim, complaint or proceeding;

(vi) there are no existing or, to the knowledge of Premier, threatened labour strikes, slow downs, work stoppages or other similar labour troubles affecting Premier or a Premier Subsidiary;

(vii) to the knowledge of Premier, no Premier Employee is bound by any confidentiality, non-solicitation or non-competition agreement in favour of any Person other than Premier or a Premier Subsidiary which is material and relevant to the employment of such Premier Employee and which imposes obligations on such Premier Employee greater than those owed by such Premier Employee under common law;

(viii) neither Premier nor any Premier Subsidiary is party to any side letter or other written or oral material commitment with any Premier Employee or contractor; and

(ix) all accruals for unpaid vacation pay, premiums for employment insurance, health premiums, pension benefit contributions, accrued wages, salaries and commissions and other Premier Employee benefits have been reflected in the books and records of Premier.

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3.2.26     Pension and Retirement Plans

Neither Premier nor any Premier Subsidiary sponsors or participates in any pension and/or retirement plan.

3.2.27     Real Property

Section 3.2.27 of the Premier Disclosure Letter sets forth a list of all real property owned by Premier and other than the real properties listed in that section, neither Premier nor a Premier Subsidiary owns, is party to or bound by or subject to any agreement, contract or commitment, or any option to purchase, any real or immovable property.

3.2.28     Leases and Leased Property

(a) neither Premier nor any Premier Subsidiary is party to or bound by or subject to or has agreed to or become bound to enter into, any real or personal property lease, sublease or other right of occupancy relating to real property, whether as lessor or lessee, except for the Premier Leases described in Section 3.2.28(a) of the Premier Disclosure Letter, copies of which have been provided to DK prior to the date hereof. Premier and the Premier Subsidiaries occupy and have the exclusive right to occupy and use all immovable Premier Leased Property and have the exclusive right to use all movable Premier Leased Property.

(b) Each of the Premier Leases is valid and subsisting and in good standing, all rental and other payments required to be paid by Premier or the relevant Premier Subsidiary as lessee or sublessee and due and payable pursuant to each of the Premier Leases have been duly paid to date and Premier or such Premier Subsidiary is not otherwise in default in meeting its obligations under any of the Premier Leases and is entitled to all rights and benefits thereunder. No event exists which, but for the passing of time or the giving of notice, or both, would constitute a default by Premier or such Premier Subsidiary or, to the knowledge of Premier, any other party to any of the Premier Leases and no party to any of the Premier Leases is claiming any such default or taking any action purportedly based upon any such default. The completion of the transactions contemplated herein will not, subject to obtaining any required consents set out in Section 3.2.28(b) of the Premier Disclosure Letter, afford any of the parties to any of the Premier Leases or any other Person the right to terminate any of the Premier Leases nor will the completion of the transactions contemplated herein result in any additional or more onerous obligation on any of Premier or any Premier Subsidiaries under any of the Premier Leases.

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3.2.29     Insurance

(a) Each of Premier or each Premier Subsidiary maintains insurance covering its property, assets and personnel and protecting its business, which constitute the Premier Business, against loss or damage on a basis that is comparable to the insurance maintained by reasonable Persons operating businesses similar to the Premier Business as heretofore carried on. Section 3.2.29(a) of the Premier Disclosure Letter sets forth a list of all insurance policies currently maintained by each of Premier and each Premier Subsidiary. Each of such insurance policies is valid and subsisting and in good standing, there is no default, whether as to the payment of premiums or otherwise, under any material term or condition of such insurance policies, and, to the knowledge of Premier, each Person which is an insured party under any of such insurance policies is entitled to all rights and benefits thereunder.

(b) There are no pending claims under any such insurance policies. Neither Premier nor any Premier Subsidiary has failed to give any notice or present any claim under any such insurance policies in due and timely fashion. To the knowledge of Premier, no circumstances have occurred which might entitle any of Premier or a Premier Subsidiary to make a claim under any such insurance policies or which might be required under any such insurance policies to be notified to the insurers thereunder and no material claim under any of such insurance policies has been made by Premier or any Premier Subsidiary since the most recent Financial Year End.

(c) Except as disclosed in Section 3.2.29(c) of the Premier Disclosure Letter, none of such insurance policies is subject to any premium in excess of the stipulated or normal rate. No notice of cancellation of, material increase of premiums under, non-renewal with respect to, or disallowance of any claim under, any such insurance policies has been received by any of Premier or a Premier Subsidiary.

3.2.30     Material Agreements

Except as disclosed as an exhibit to Premier’s most recent 10-K filed with the SEC prior to the date hereof and any 10-Q or 8-K filed with the SEC subsequent thereto but prior to the date hereof and except for the Premier Material Agreements disclosed in Section 3.2.30 of the Premier Disclosure Letter, neither Premier nor any Premier Subsidiary is party to or bound by or subject to any of the following:

(a) any exhibition, sales, advertising, public relations, agency, or management under which the obligations of exceeding $100,000 on an annual basis;

(b) any continuing contract for the purchase of materials, supplies, equipment or services involving, in the case of any such contract, more than $100,000 over the life of the contract;

(c) any contract that expires, or may be renewed at the option of any Person other than Premier or a Premier Subsidiary so as to expire, more than one year after the date of this Agreement;

(d) any contract for capital expenditures in excess of $100,000 in the aggregate;

(e) any confidentiality, secrecy or non-disclosure contract in respect of any potential Acquisition Proposal or outside the ordinary course of business;

(f) any contract pursuant to which Premier or a Premier Subsidiary leases any real or personal property (including the Premier Leases), under which its obligations exceed $100,000, on an annual basis;

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(g) any contract pursuant to which Premier or a Premier Subsidiary is a lessor of any machinery, equipment, motor vehicles, office furniture, fixtures or other personal property under which its obligations exceed $100,000, on an annual basis;

(h) any contract with any person with whom any of Premier or a Premier Subsidiary does not deal at Arm’s Length;

(i) any Guarantee;

(j) any licence, sublicence or other agreement to which Premier or a Premier Subsidiary is a party (or by which it or any Premier Intellectual Property is bound or subject) and pursuant to which any Person (other than Premier Employees or independent contractors of Premier or a Premier Subsidiary for purposes of their employment or contract with Premier or a Premier Subsidiary, as applicable) has been or may be assigned, authorized to use, or given access to any Premier Intellectual Property, in each case, outside the ordinary course of business;

(k) any employment contracts with Premier Employees and service contracts with independent contractors;

(l) any agreement to indemnify, hold harmless or defend any other Person with respect to any assertion of personal injury, damage to property or Intellectual Property infringement, misappropriation or violation or warranting the lack thereof other than any licence of Third Party Software that is not part of the Premier Intellectual Property and which relates to Software that is generally available to the public, in each case, outside the ordinary course of business; and

(m) any other agreement, indenture, contract, lease, deed of trust, licence, option, instrument or other commitment which is or would reasonably be expected to be material to the Premier Business, properties, assets, operations, condition (financial or otherwise) or prospects of Premier,

whether written or oral, and of any nature or kind whatsoever.

3.2.31     No Breach of Material Agreements

Each of Premier and each Premier Subsidiary have performed all of the material obligations required to be performed by it, and is entitled to all benefits under, and, to the knowledge of Premier, is not alleged to be in default in respect of, any Premier Material Agreement. Except as disclosed in Section 3.2.31 of the Premier Disclosure Letter, each of the Premier Material Agreements is in full force and effect, unamended, and there exists no material breach thereof or material default or event of material default or event, occurrence, condition or act with respect to Premier or a Premier Subsidiary or, to Premier’s knowledge, with respect to the other contracting party or otherwise that, with or without the giving of notice, the lapse of time or the happening of any other event or conditions, would:

(a) become a default or event of default under any Premier Material Agreement; or

(b) result in the loss or expiration of any material right or option by Premier or a Premier Subsidiary (or the material gain thereof by any third party) under any Premier Material Agreement.

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Premier has delivered a true, correct and complete copy of each of the Premier Material Agreements to DK.

3.2.32     Legal Proceedings

Except as set out in Section 3.2.32 of the Premier Disclosure Letter, there are no actions, suits, claims, investigations or proceedings (whether private, governmental or otherwise, and whether or not purportedly on behalf of Premier or any Premier Subsidiary) in progress, pending, or to the knowledge of Premier, threatened, against or affecting Premier or any Premier Subsidiary (including actions, suits, investigations or proceedings against any of the directors, officers or employees of Premier or any Premier Subsidiary which relate to the Premier Business, affairs, assets or operations of Premier or any Premier Subsidiary), at law or in equity, or before or by any Tribunal. Except as set out in Section 3.2.32 of the Premier Disclosure Letter, there is no judgment, decree, injunction, ruling, order or award of any Tribunal outstanding against or affecting any of Premier or a Premier Subsidiary that has had or could have a Material Adverse Effect on the Premier Business. Except as set out in Section 3.2.32 of the Premier Disclosure Letter, Premier is not aware of any grounds on which any such action, suit, investigation or proceeding might be commenced with any reasonable likelihood of success, and does not have any present plans or intentions to initiate any litigation, arbitration or other proceedings against any third party.

3.2.33     Tax Matters

(a) Except in respect of the income tax return for the current taxation year (which return is not yet due), and any income tax return which is required to be filed as a result of or in connection with the transactions contemplated herein, each of Premier and each Premier Subsidiary has duly filed in the prescribed manner and within the prescribed time all Tax Returns required to be filed by it on or before the date hereof with any taxing or regulatory authority to which it is subject; such Tax Returns and the material accompanying such Tax Returns are accurate and complete in all material respects and Premier has provided to DK true and complete copies of all Tax Returns filed by each of Premier and each Premier Subsidiary.

(b) Each of Premier and each Premier Subsidiary has paid all Taxes that are due and payable, and any interest, penalties and fines in connection therewith, properly due and payable, and has paid all of same in connection with all known assessments, reassessments and adjustments.

(c) Except as set out in the Premier Financial Statements, and except for Taxes incurred in the ordinary course of the Premier Business or incurred or arising as a result of the transactions contemplated herein which Taxes are not yet due and payable, there are no Taxes or fines in respect of Taxes claimed by any Governmental Entity against any of Premier or any Premier Subsidiary or which are known to Premier or any Premier Subsidiary to be due and owing by Premier or any Premier Subsidiary and, to the knowledge of Premier, there are no pending or threatened reassessments by any Governmental Entity in respect of Taxes owing by Premier or any Premier Subsidiary, and there are no matters in dispute or under discussion with or any audits being conducted by any Governmental Entity relating to Taxes or fines in respect of Taxes asserted by such Governmental Entity against any of Premier or any Premier Subsidiary.

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(d) The Premier Financial Statements fully reflect accrued liabilities as at the Financial Year End for all Taxes.

(e) Except as set out and described in Section 3.2.33(e) of the Premier Disclosure Letter, there are no actions, suits, investigations, audits or proceedings and no assessment, reassessment or request for information in progress, pending or, to the knowledge of Premier, threatened against or affecting any of Premier or a Premier Subsidiary in respect of Taxes nor are any issues under discussion with any taxing authority relating to any matters which could result in claims for additional Taxes or fines.

(f) There are no agreements, waivers or other arrangements made by any of Premier or any Premier Subsidiary providing for an extension of time with respect to any assessment or reassessment of Tax, the filing of any Tax Return or the payment of any Tax by any of Premier or a Premier Subsidiary, or the provision of any documents or information currently under request by any Governmental Entity.

(g) The books and records of Premier fairly and correctly set out and disclose, in all material respects, all liabilities and unclaimed input Tax credits under applicable Law. All financial transactions of Premier and each Premier Subsidiary have been accurately and completely recorded in the books and records of Premier and such Premier Subsidiary, respectively, for Tax purposes.

(h) Except as set out in Section 3.2.33(h) of the Premier Disclosure Letter, each of Premier and each Premier Subsidiary has withheld the amount of all Taxes and other deductions required under any applicable Laws to be withheld from each payment made by it and has remitted all amounts withheld which are due and payable before the date hereof and all installments of Taxes which are due and payable before the date hereof to the relevant taxing or other authority within the time prescribed under any applicable Laws.

3.2.34     Compliance with Applicable Laws

Each of Premier and each Premier Subsidiary has conducted and is conducting its business in compliance in all material respects with all applicable Laws in each jurisdiction in which its business is carried on, is not in material breach of any of such Laws and is duly licenced or registered in each jurisdiction in which it owns or leases its property and assets or carries on its business, so as to enable the Premier Business to be carried on as now conducted and its property and assets to be so owned or leased. Except as set out in Section 3.2.34 of the Premier Disclosure Letter Premier or each Premier Subsidiary, as applicable, has all material licences, permits, approvals, consents, certificates, registrations and authorizations (whether governmental, regulatory or similar type) necessary to carry on the Premier Business as presently conducted or to own or use any of the assets currently utilized or required to be utilized by any of Premier or a Premier Subsidiary in connection with the Premier Business (the “Premier Licences”). Premier or each Premier Subsidiary, as applicable, has all Premier Licences, and there are no other licences, permits, approvals, consents, certificates, registrations, or authorizations necessary to carry on the Premier Business as presently carried on or to own or lease any of the property or the assets utilized by any of Premier or a Premier Subsidiary except where the lack of grant of such to Premier or a Premier Subsidiary would not have a Material Adverse Effect on the Premier Business. Each Premier Licence is valid and subsisting and in good standing and, to the knowledge of Premier, there is no default or breach of any Premier Licence and, to the best of the knowledge of Premier, no proceeding is pending or threatened to revoke or limit any Premier Licence. No Premier Licence contains any burdensome term, provision, condition or limitation which has or could have a Material Adverse Effect on Premier or the Premier Business, and except as set out in Section 3.2.34 of the Premier Disclosure Letter, requires the consent, approval, permit or acknowledgement of any Person in connection with the completion of the transactions herein contemplated.

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3.2.35     Consents and Approvals

Except for the Applicable Regulatory Approvals there is no requirement for Premier or, to the best of its knowledge, any other party to make any filing with, give any notice to or to obtain any licence, permit, certificate, registration, authorization, consent or approval of, any Governmental Entity, including without limitation, any such filing or notice or obtaining of any licence, permit, certificate, registration, authorization, consent or approval under the Titanic Covenants and Conditions or any of the Titanic Documents as a condition to the lawful consummation of the transactions contemplated by this Agreement, except for the filings, notifications, licences, permits, certificates, registrations, consents and approvals which relate solely to the identity of DK or which are of a purely administrative nature and could be completed or obtained without adverse effect on Premier or the Premier Business immediately after the Effective Date.

3.2.36     No Business Restrictions

Except as set out and disclosed in Section 3.2.36 of the Premier Disclosure Letter, there is no agreement (non-compete or otherwise), commitment, judgment, injunction, order or decree to which any of Premier or a Premier Subsidiary is a party or which is otherwise binding upon Premier or a Premier Subsidiary which has or reasonably could be expected to have the effect of prohibiting or impairing any business practice of Premier or a Premier Subsidiary, any acquisition of property (tangible or intangible) by any of Premier or a Premier Subsidiary or the conduct of the Premier Business by any of Premier or a Premier Subsidiary, as currently conducted or proposed to be conducted by Premier or a Premier Subsidiary. Without limiting the foregoing, except as set out and disclosed in Section 3.2.36 of the Premier Disclosure Letter, neither Premier nor any Premier Subsidiary has entered into any agreement under which it is restricted from conducting its respective aspect of the Premier Business in any geographic area, during any period of time or in any segment of the market.

3.2.37     Environmental Matters

None of Premier or any Premier Subsidiary is in material violation of any applicable Laws relating to the environment and no material expenditures are or, to the knowledge of Premier, will be required in order to comply with such existing Laws. Each of Premier and each Premier Subsidiary possess all necessary environmental licences, permits, approvals, consents, certificates, registrations and other authorizations in order for it to conduct the Premier Business in material compliance with applicable Laws relating to the environment. There have been no environmental investigations, studies, audits, tests, reviews or other analyses conducted by or for any of Premier or any Premier Subsidiary or, to the knowledge of Premier, by or for any other Person with respect to any Premier Leased Property or any real property previously owned, leased, occupied or used by Premier or a Premier Subsidiary while Premier or such Premier Subsidiary has occupied such properties.

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3.2.38     Condition and Sufficiency of Assets

All moveable property, including without limitation the Premier Exhibitions Assets, facilities, machinery and equipment owned or used by each of Premier and each Premier Subsidiary in connection with the Premier Business are in good operating condition and in a state of good repair and maintenance, reasonable wear and tear excepted. Each of Premier and each Premier Subsidiary owns or leases all of the property and assets (excluding Intellectual Property, which is dealt with in Section 3.2.39 below) used in or necessary for the conduct of the Premier Business as it is currently being conducted with good and marketable title to all property and assets which are owned by it, free and clear of any and all Encumbrances other than as set out in Section 3.2.38 of the Premier Disclosure Letter.

3.2.39     Intellectual Property

Representations with respect to Premier Intellectual Property

(a) Section 3.2.39(a) of the Premier Disclosure Letter includes a description of:

(i) all material Intellectual Property (including, without limitation, Software) that is owned by any of Premier or a Premier Subsidiary or that is used by any of Premier or a Premier Subsidiary under a licence from another Person (together with a description of the applicable licence) and is necessary for or used in the Premier Business (expressly excluding licences entered into in the ordinary course of business and licences for standard software not specifically created for Premier or a Premier Subsidiary); and

(ii) all Premier Registered Intellectual Property,

(collectively, the “Premier Intellectual Property”).

(b) The Premier Intellectual Property comprises all Intellectual Property that is:

(i) materially necessary to the conduct of the Premier Business; or

(ii) material to the conduct of the Premier Business, the failure to own or to have the right to use would have a Material Adverse Effect on Premier.

(c) Except as set out in Section 3.2.39(c) of the Premier Disclosure Letter, each item of Premier Intellectual Property is solely and exclusively owned by Premier or a Premier Subsidiary free and clear of any Encumbrances or co ownership interests or is licenced to Premier or a Premier Subsidiary under an existing written or electronic licence agreement that remains in force and which grants sufficient rights to permit Premier or a Premier Subsidiary to use such Intellectual Property in the manner necessary to carry on the Premier Business.

(d) Premier or a Premier Subsidiary owns, solely and exclusively, any copyright that subsists in the Premier Intellectual Property other than the copyright that subsists in any Third Party Software or other works, provided that such Third Party Software and other works are licenced to Premier or a Premier Subsidiary under a written or electronic licence agreement that is identified in Section 3.2.39(d) of the Premier Disclosure Letter and which has been provided to DK, or are in the public domain.

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(e) To the extent that any of the Premier Intellectual Property that is licenced by Premier or a Premier Subsidiary incorporated in or embedded in the Premier Exhibition Assets, Premier or the relevant Premier Subsidiary (both the licensor and user) have complied with all of the material terms and conditions contained in the licence agreements applicable to such Premier Intellectual Property and neither Premier nor any Premier Subsidiary has received notice of and is not aware of any material breaches, claims or disputes under such agreements. Neither Premier nor any Premier Subsidiary is aware of nor has it received notice of any breach by any customer or end user under any agreement applicable to the use of the Premier Intellectual Property.

(f) Except as set out in Section 3.2.39(f) of the Premier Disclosure Letter, neither Premier nor any Premier Subsidiary has transferred or assigned ownership of or granted any licence or right to any Person to copy, make, use, exploit, or authorize the retention of any rights to copy, make, use or exploit any Premier Intellectual Property.

(g) Each item of Premier Registered Intellectual Property is, to the knowledge of Premier, valid and subsisting. All necessary registration, maintenance, renewal fees, annuity fees and Taxes in connection with the Premier Registered Intellectual Property have been paid and all necessary documents and certificates in connection with the Premier Registered Intellectual Property have been filed with the relevant patent, copyright, trade-mark or other authorities in the jurisdictions in which such Registered Intellectual Property is registered, as the case may be, for the purposes of maintaining such Registered Intellectual Property. Other than the Premier Registered Intellectual Property, no registrations or filings with any Governmental Entity have been made with respect to the Premier Intellectual Property.

(h) Except as set out in Section 3.2.39(h) of the Premier Disclosure Letter, no royalty or other fee in respect of the Premier Intellectual Property is required to be paid by any of Premier or a Premier Subsidiary to any other Person in relation to the sale or licensing of any of the Premier Intellectual Property.

General Representations with respect to Intellectual Property

(i) To the knowledge of Premier, each of Premier and each Premier Subsidiary own or has the valid right to use all trade-marks, service marks, and trade names used by it (including those described as Premier Registered Intellectual Property) in connection with its business, including, without limitation, the Premier Business.

(j) Section 3.2.39(j) of the Premier Disclosure Letter sets out all contracts, licences and agreements between each of Premier and each Premier Subsidiary and any other Person wherein or whereby a Premier or a Premier Subsidiary has or may have agreed to, or assumed, any obligation or duty to warrant, indemnify, reimburse, hold harmless, guaranty or otherwise assume or incur any obligation or Liability or provide a right of rescission with respect to the infringement or misappropriation by Premier or such Premier Subsidiaries or such other Person of any Intellectual Property Rights owned by any Person other than Premier or a Premier Subsidiary (and copies of substantially all of same have been provided to DK), other than any non-material licenses entered into within the ordinary course of business or licenses of Third Party Software which are granted for Software that is generally available to the public.

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(k) Except as set out in Section 3.2.39(k) of the Premier Disclosure Letter, there are no contracts, licences or agreements between Premier or a Premier Subsidiary and any other Person with respect to Premier Intellectual Property under which there is any material dispute known to Premier regarding the scope of such contract, licence or agreement, or performance under such contract, licence or agreement, including with respect to any payments to be made or received by any of Premier or a Premier Subsidiary thereunder.

(l) To the knowledge of Premier, no Person is infringing or misappropriating any Premier Intellectual Property provided that in the case of Third Party Software or other third party Intellectual Property, Premier represents only that it has not received notice of and is not actually aware of any claims or threatened claims that such Third Party Software or other third party Intellectual Property, is being infringed or has been misappropriated. Subject to the foregoing proviso, Premier has no knowledge of any past infringement or misappropriation of any Premier Intellectual Property.

(m) Each of Premier and each Premier Subsidiary have taken commercially reasonable steps to protect and maintain the confidentiality of the trade secrets and other confidential information in the Premier Intellectual Property and in any Intellectual Property provided by any other Person to any of Premier or any Premier Subsidiary.

(n) None of the Premier Intellectual Property is subject to any actions or proceedings (whether pending or, to the best of Premier’s knowledge, threatened) or any outstanding decree, order or judgment that restricts in any manner the use, transfer or licencing thereof by any of Premier or any Premier Subsidiary or that may affect the validity, use or enforceability of the same.

3.2.40     Personal Information

(a) Each of Premier and each Premier Subsidiary have a written privacy policy which governs its collection, use and disclosure of Personal Information of any Premier Employee of the Premier Business and, since the date of adoption of such privacy policy, each of Premier and each Premier Subsidiary is in compliance in all material respects with such privacy policy.

(b) There has not been any, and as of the date hereof, there is no complaint, investigation, proceeding or action completed, resolved, pending, or to the knowledge of Premier, threatened against or involving in any way Premier or a Premier Subsidiary or the Premier Business under or in relation to any personal privacy laws and regulations that apply to Premier, any Premier Subsidiary or the Premier Business, including wherever Premier has/holds exhibits.

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3.2.41     Advisory Fees

Except as set out in Section 3.2.41 of the Premier Disclosure Letter, and except for the accountants and lawyers of Premier retained to negotiate, advance, carry out and complete the transactions contemplated herein, there is no investment banker, broker, finder or other intermediary or advisor that has been retained by or is authorized to act on behalf of Premier or any Premier Subsidiary, or any of its directors, officers or shareholders who might be entitled to any fee, commission, bonus or reimbursement of expenses from any of Premier or a Premier Subsidiary upon entry into or the consummation of the transactions contemplated by this Agreement.

3.2.42     Other Negotiations; Brokers; Third Party Expenses

(a) None of the Premier or any Premier Subsidiary, nor to the knowledge of Premier, any of their respective directors or officers (nor any investment banker, financial advisor, attorney, accountant or other Person retained by or acting for or on behalf of them or at any of their direction):

(i) has entered into any agreement that conflicts with any of the transactions contemplated by this Agreement; or

(ii) has entered into any agreement or had any discussions with any Person regarding any transaction involving any of Premier or a Premier Subsidiary or any material asset of Premier or a Premier Subsidiary which could reasonably be expected to result in any of Premier or a Premier Subsidiary, or any of the officers, directors, employees, agents or shareholders of any of them being subject to any claim for Liability to such Person as a result of entering into this Agreement or consummating the transactions contemplated hereby.

(b) Section 3.2.42(b) of the Premier Disclosure Letter lists all agreements with respect to, and a reasonable estimate of all Third Party Expenses which are reasonably expected to be incurred by Premier or any Premier Subsidiary in connection with the negotiation and implementation of the terms and conditions of this Agreement and the transactions contemplated hereby.

3.2.43     Disclosure

The representations and warranties of Premier contained in this Agreement and in any agreement, certificate, affidavit, statutory declaration or other document delivered or given pursuant to this Agreement, including the Premier Disclosure Letter, are true and correct in all material respects and do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained in such representations and warranties not misleading to DK or the DK Securityholders.

3.2.44     Approval of Merger

The board of directors of Premier has determined:

(a) that the Merger and the transactions contemplated under this Agreement are fair to and in the best interests of the Premier Shareholders as a whole and are in the best interests of Premier; and

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(b) to recommend that the Premier Shareholders vote in favour of the Premier Shareholders’ Resolution.

3.3 Representations and Warranties of the DK Securityholders

3.3.1     Bao Representations

Bao hereby represents and warrants to and in favour of Premier and, Exchangeco as follows and acknowledges that Premier and Exchangeco are relying on such representations and warranties in connection with the matters contemplated by this Agreement:

(a) Bao is the registered and beneficial owner of 3,325 DK Common Shares and 336 DK Preferred Shares.

(b) Bao owns the DK Shares set out in Section 3.3.1(a) free and clear of Encumbrances and any other rights of others and has good and sufficient power, authority and right to enter into and deliver this Agreement and to transfer the legal and beneficial title and ownership of the DK Shares owned by him to Exchangeco free and clear of all Encumbrances and any other rights of others.

(c) Bao does not own any shares in the capital of DK other than as set out in Section 3.3.1(a).

(d) the DK Shares held by Bao have not been previously assigned and are not subject to any voting trust.

(e) Bao is not a non-resident of Canada for the purposes of the ITA.

(f) Bao is not a party to or bound by or subject to any agreement, contract or commitment with any entity doing business with DK or any DKSub, including Macau Legends or its affiliates or PacBridge Capital Partners or its affiliates, from which Bao derives a financial interest or other benefit as a result of DK or a DKSub doing business with such entities.

3.3.2     Brenner hereby represents and warrants to and in favour of Premier and Exchangeco as follows and acknowledges that Premier and Exchangeco are relying on such representations and warranties in connection with the matters contemplated by this Agreement:

(a) Brenner is the registered and beneficial owner of 475 DK Common Shares.

(b) Brenner owns the DK Common Shares set out in Section 3.3.2(a) free and clear of Encumbrances and any other rights of others and has good and sufficient power, authority and right to enter into and deliver this Agreement and to transfer the legal and beneficial title and ownership of the DK Shares owned by her to Exchangeco free and clear of all Encumbrances and any other rights of others.

(c) Brenner does not own any shares in the capital of DK other than as set out in Section 3.3.2(a).

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(d) The DK Common Shares held by Brenner have not been previously assigned and are not subject to any voting trust.

(e) Brenner is not a non-resident of Canada for the purposes of the ITA.

3.4 Non-Waiver

No investigations made by or on behalf of any of the Parties at any time shall have the effect of waiving, diminishing the scope of or otherwise affecting any representation or warranty made by any other Party herein or pursuant hereto, unless disclosure of the fact at issue is expressly made in writing in this Agreement, including the DK Disclosure Letter (in the case of DK or any DK Subsidiary) and the Premier Disclosure Letter (in the case of Premier or any Premier Subsidiary) prior to the execution hereof and such disclosure contains no material untrue statement. Notwithstanding anything else in this Agreement, the DK Disclosure Letter or the Premier Disclosure Letter, any matter disclosed or described in any appropriate representation or warranty of DK or Premier contained in this Agreement or in any appropriate section of the DK Disclosure Letter or the Premier Disclosure Letter shall be deemed to have been disclosed and described in all related representations and warranties of DK, the DK Securityholders or Premier or Exchangeco, as applicable, and Sections of the DK Disclosure Letter and Premier Disclosure Letter, as applicable.

3.5 Survival

For greater certainty, the representations and warranties of DK, the DK Securityholders, Premier and Exchangeco, as applicable, contained herein shall survive the execution and delivery of this Agreement and the consummation of the Merger and the other transactions contemplated hereby but shall terminate on the termination of this Agreement in accordance with its terms.

4.0 COVENANTS

4.1 Retention of Goodwill and Assets

During the Pre-Effective Date Period, each of the Premier and DK will, and will cause each of their respective Subsidiaries to, subject to the Merger and related transactions are contemplated hereby, continue to carry on the Premier Business and the DK Business, respectively, in the ordinary course of business, working to preserve the attendant goodwill and assets of Premier and DK, respectively and their respective Subsidiaries to contribute to retention of that goodwill and assets to and after the Effective Date. The following provisions of this Section 4.0 are intended to be in furtherance of this general commitment, subject to the Merger and related transactions contemplated hereby.

4.2 Covenants of DK

DK covenants and agrees that, until the Effective Date or the earlier termination of this Agreement in accordance with Section 6.0, except with the consent of Premier with respect to any deviation therefrom or with respect to any matter contemplated by this Agreement, DK will and will cause each DKSub to:

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(a) perform all obligations required or desirable to be performed by DK or a DKSub under this Agreement and to do all such other acts and things as may be necessary or desirable in order to consummate and make effective, as soon as reasonably practicable, the transactions contemplated in this Agreement and, without limiting the generality of the foregoing, to:

(i) apply for and use all reasonable efforts to obtain all Applicable Regulatory Approvals set out in Appendix 2 and, in doing so, to keep Premier reasonably informed as to the status of the proceedings relating to obtaining the Applicable Regulatory Approvals, including providing Premier with copies of all related applications and notifications, in draft form, sufficiently in advance of filing in order for Premier to provide its reasonable comments thereon;

(ii) use its reasonable efforts to comply promptly with all requirements which applicable Laws may impose on DK with respect to the transactions contemplated hereby;

(iii) until the Effective Date, defend all lawsuits or other legal, regulatory or other proceedings challenging or affecting this Agreement or the consummation of the transactions contemplated hereby;

(iv) use all reasonable efforts to have lifted or rescinded any injunction or restraining order or other order relating to DK or any DK Sub which may adversely affect the ability of the Parties to consummate the transactions contemplated hereby;

(v) on or before the Effective Date, effect all necessary registrations, filings and submissions of information required by Governmental Entities from DK and each DK Sub relating to the transactions contemplated herein;

(vi) in connection with the Merger and other transactions contemplated herein, use its reasonable efforts to obtain, before the Effective Date, all necessary waivers, consents and approvals required to be obtained by DK from other parties pursuant to the DK Material Agreements or as set out in the DK Disclosure Letter;

(vii) use all reasonable efforts to cause the Registration Rights Shareholders’ Agent to execute, on or before the Effective Date, the Registration Rights Agreement and, in the event that the Registration Rights Shareholders’ Agent has not executed the Registration Rights Agreement by the Effective Date, DK shall identify a person who is acceptable to Premier, acting reasonably, to act as agent for and on behalf of the DK Securityholders under the Registration Rights Agreement and to cause such replacement to execute the Registration Rights Agreement on or before the Effective Date;

(viii) deliver to Premier, not less than 10 Business Days prior to the Effective Date, a certificate duly executed by the sole director and one officer of DK setting forth the aggregate number of DK Shares issued and outstanding as at the date of such certificate (which shall also be the number of such shares outstanding as at the Effective Date), and certifying that there are no further rights, agreements or arrangements of any nature or kind then outstanding for the acquisition of further DK Shares, or securities convertible into or exchangeable for DK Shares;

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(b) not, notwithstanding any other provision of this Agreement (including the Exhibits hereto and the DK Disclosure Letter), allot, issue or grant any DK Shares or other securities convertible into or exchangeable for DK Shares, or enter into any agreements or arrangements relating thereto, to or with any Person or for any reason;

(c) not split, combine or reclassify any of the outstanding DK Shares, nor declare or pay any dividends on or make any other distributions (in either case, in stock or property) on or in respect of the outstanding DK Shares;

(d) not amend its articles or notice of articles or by-laws, as applicable;

(e) not allot, reserve, set aside or issue, authorize or propose the allotment, reservation, setting aside or issuance of, or purchase or redeem or propose the purchase or redemption of, any shares in its capital stock or any class of securities convertible or exchangeable into, or rights, warrants or options to acquire, any such shares or other convertible or exchangeable securities;

(f) not reorganize, amalgamate or merge DK or any DKSub with any other Person, nor acquire or agree to acquire by amalgamating, merging or consolidating with, purchasing substantially all of the assets of or otherwise, any business of any Person;

(g) not loan any money, guarantee the payment of indebtedness or incur indebtedness for money borrowed or issue or sell any Debt Instrument;

(h) not enter into or modify any employment, severance, collective bargaining or other DK Employee Benefit Plans, policies or arrangements with, or grant any bonuses, salary increases, stock options, pension or supplemental pension benefits, profit sharing, retirement allowances, deferred compensation, incentive compensation, severance or termination pay to, or make any loan to, any officers, directors or employees of DK or any DKSub;

(i) not, except in the ordinary course of business:

(i) satisfy or settle any claims or Liabilities prior to the same being due (except such as have been reserved against in the DK Financial Statements) which are, individually or in the aggregate, material; or

(ii) grant any waiver, exercise any option or relinquish any contractual rights which are, individually or in the aggregate, material;

(j) use its reasonable commercial efforts to cause its current insurance (or re insurance) policies not to be cancelled or terminated or any of the coverage thereunder to lapse, unless simultaneously with such termination, cancellation or lapse, replacement policies underwritten by insurance and re-insurance companies of nationally recognized standing providing coverage equal to or greater than the coverage under the cancelled, terminated or lapsed policies for substantially similar premiums are in full force and effect;

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(k) not settle or compromise any claim brought by any present, former or purported holder of any of its securities in connection with the transactions contemplated by this Agreement prior to the Effective Date;

(l) not enter into any material contract, agreement, licence, franchise, lease transaction, commitment or other right or obligation or amend, modify, relinquish, terminate or fail to renew in any material respect any DK Material Agreement;

(m) not acquire or sell, pledge, encumber or otherwise dispose of any material property or assets;

(n) except as discussed in the operating budget of DK for the financial year ending December 31 2015, not incur or commit to incur capital expenditures prior to the Effective Date;

(o) not make any changes to existing accounting practices relating to DK, except as required by applicable Law or required by Canadian generally accepted accounting principles or make any material tax election inconsistent with past practice;

(p) promptly advise Premier in writing:

(i) of any event occurring subsequent to the date of this Agreement that would render any representation or warranty of DK contained in this Agreement (except any such representation or warranty which speaks as of a date prior to the date of this Agreement), if made on or as of the date of such event or the Effective Date, untrue or inaccurate in any material respect;

(ii) of any Material Adverse Change in respect of DK; and

(iii) of any breach by DK of any covenant or agreement contained in this Agreement;

(q) not adopt a plan of liquidation or resolutions providing for the liquidation, dissolution, merger, consolidation, reorganization or winding-up of DK or any DKSub or reorganize, amalgamate or merge DK or any DKSub with any other Person;

(r) use, and causing its Subsidiaries to use, commercially reasonable efforts to satisfy (or cause the satisfaction of) the conditions precedent to its obligations under this Agreement to the extent the same is within its control and to take, or cause to be taken, all other actions and to do, or cause to be done, all other things necessary, proper or advisable under all applicable Laws to consummate the Merger; and

(s) not take any action, refrain from taking any reasonable action, or permitting any action to be taken or reasonable action to not be taken, which is inconsistent with this Agreement or which would reasonably be expected to significantly impede the completion of the Merger or to prevent or materially delay the completion of the transactions contemplated by this Agreement or any Applicable Regulatory Approval, in each case, except as specifically permitted by this Agreement..

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4.3 Covenants of Premier

Premier covenants and agrees that, until the Effective Date or the earlier termination of this Agreement in accordance with Section 6.0, except with the consent of DK with respect to any deviation therefrom or with respect to any matter contemplated by this Agreement, and with respect to the DK Investor Group Financing and the assumption, modification or repayment of the Pentwater Loan, Premier will and will cause each Premier Subsidiary to:

(a) carry on the Premier Business substantially in accordance with the Premier Business Plan other than changes as a result of the Merger and use all reasonable commercial efforts to, to the extent it has the financial resources to do so, to preserve intact its present business organization and keep available the services of its present officers and employees and others having business dealings with it to the end that its goodwill and business shall be maintained;

(b) not commence to undertake a substantial or unusual expansion of its business facilities or an expansion that is not contemplated in the Premier Business Plan;

(c) not split, combine or reclassify any of the outstanding Premier Shares, nor declare or pay any dividends on or make any other distributions (in either case, in stock or property) on or in respect of the outstanding Premier Shares;

(d) not amend its articles or by-laws;

(e) not allot, reserve, set aside or issue, authorize or propose the allotment, reservation, setting aside or issuance of, or purchase or redeem or propose the purchase or redemption of, any shares in its capital stock or any class of securities convertible or exchangeable into, or rights, warrants or options to acquire, any such shares or other convertible or exchangeable securities;

(f) not, whether through its board of directors or otherwise, accelerate, or permit to be accelerated, the vesting of any unvested options to acquire Premier Shares or otherwise amend, vary or modify, or take any other action under any Premier stock option plan, stock appreciation plan, deferred stock plan or other similar incentive arrangement;

(g) not acquire or agree to acquire any Premier Shares or other of its outstanding securities, whether by public or private transaction, or otherwise;

(h) not loan any money, guarantee the payment of indebtedness or incur indebtedness for money borrowed or issue or sell any Debt Instruments;

(i) not enter into or modify any employment, severance, collective bargaining or other Premier Employee Benefit Plan, policies or arrangements with, or grant any bonuses, salary increases, stock options, pension or supplemental pension benefits, profit sharing, retirement allowances, deferred compensation, incentive compensation, severance or termination pay to, or make any loan to, any officers, directors or employees of Premier;

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(j) not, except in the ordinary course of business:

(i) satisfy or settle any claims or Liabilities prior to the same being due (except such as have been reserved against in the Premier Financial Statements the Premier Interim Financial Statements or the Monthly Financial Statements) which are, individually or in the aggregate, material; or

(ii) grant any waiver, exercise any option or relinquish any contractual rights which are, individually or in the aggregate, material;

(k) use its reasonable commercial efforts to cause its current insurance (or re insurance) policies not to be cancelled or terminated or any of the coverage thereunder to lapse, unless simultaneously with such termination, cancellation or lapse, replacement policies underwritten by insurance and re-insurance companies of nationally recognized standing providing coverage equal to or greater than the coverage under the cancelled, terminated or lapsed policies for substantially similar premiums are in full force and effect;

(l) not settle or compromise any claim brought by any present, former or purported holder of any of its securities in connection with the transactions contemplated by this Agreement prior to the Effective Date;

(m) not enter into any material contract, agreement, licence, franchise, lease transaction, commitment or other right or obligation or amend, modify, relinquish, terminate or fail to renew in any material respect any Premier Material Agreement;

(n) not acquire or sell, pledge, encumber or otherwise dispose of any material property or assets;

(o) not incur or commit to incur capital expenditures prior to the Effective Date;

(p) not make any changes to existing accounting practices relating to Premier, except as required by applicable Law or required by United States generally accepted accounting principles or make any material tax election inconsistent with past practice;

(q) promptly advise DK in writing:

(i) of any event occurring subsequent to the date of this Agreement, other than in the ordinary course of business, that would render any representation or warranty of Premier contained in this Agreement (except any such representation or warranty which speaks as of a date prior to the date of this Agreement), if made on or as of the date of such event or the Effective Date, untrue or inaccurate in any material respect;

(ii) of any Material Adverse Change in respect of Premier or RMSTI; and

(iii) of any breach by Premier of any covenant or agreement contained in this Agreement;

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(r) to perform all obligations required or desirable to be performed by it under this Agreement and to do all such other acts and things as may be necessary or desirable in order to consummate and make effective, as soon as reasonably practicable, the transactions contemplated by this Agreement and, without limiting the generality of the foregoing, to:

(i) apply for and use all reasonable efforts to obtain all Applicable Regulatory Approvals referred to in Appendix 2, and, in doing so, to keep DK reasonably informed as to the status of the proceedings related to obtaining such order and the Applicable Regulatory Approvals, including providing DK with copies of all related applications and notifications, in draft form, sufficiently in advance of filing in order for DK to provide its reasonable comments;

(ii) use reasonable efforts to cause to be voted in favour of the Premier Shareholders’ Resolution at the Premier Special Meeting all proxies granted to officers of Premier under the Principal Shareholder Voting Agreements or otherwise, to the maximum extent that such officers are authorized or permitted to do so under such proxies and under applicable Law;

(iii) until the Effective Date defend all lawsuits or other legal, regulatory or other proceedings to which it is a party challenging or affecting this Agreement or the consummation of the transactions contemplated hereby;

(iv) use all reasonable efforts to have lifted or rescinded any injunction or restraining order or other order relating to any of Premier or a Premier Subsidiary which may adversely affect the ability of the Parties to consummate the transactions contemplated hereby;

(v) on or before the Effective Date, effect all necessary registrations, filings and submissions of information required by Governmental Entities from Premier or its Subsidiaries relating to the transactions contemplated herein;

(vi) reserve a sufficient number of Premier Shares for issuance upon (A) the Merger (B) the exchange from time to time of Exchangeable Shares (C) conversion of the Amended and Restated Pentwater Note and (D) under the Success Payment Agreement; and

(vii) use all reasonable efforts to obtain authorization for listing on the NCM of the Premier Shares issuable: (A)  under the Merger, (B) upon exchange of the Exchangeable Shares from time to time, (C) on conversion of the Amended and Restated Pentwater Note, and (D) under the Success Payment Agreement;

(s) in connection with the consummation of the transactions contemplated hereby to use its reasonable efforts to obtain, before the Effective Date, all necessary waivers, consents and approvals required to be obtained by Premier or its Subsidiaries from other parties to loan agreements, leases, licences or other contracts;

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(t) until the Effective Date or the earlier termination of this Agreement in accordance with Section 6.0, except (x) with the consent of DK to any deviation therefrom which shall not be unreasonably withheld; or (y) with respect to any matter contemplated by this Agreement, Premier will:

(i) not make any changes to existing accounting practices related to Premier, except as permitted or required by a change in United States generally accepted accounting practices or by applicable Law;

(ii) not reorganize, amalgamate or merge Premier with any other Person, nor acquire by amalgamating, merging or consolidating with, purchasing a majority of the voting securities of or substantially all of the assets of or otherwise, any business or Person which acquisition would reasonably be expected to materially delay the transactions contemplated hereby; and

(iii) not take any action that could result in the Premier Shares being delisted, cease traded or suspended from the NCM;

(u) make all arrangements for (A) the issuance of Exchangeable Shares, the Premier Shares and the Premier Merger Shares required to be issued as contemplated pursuant to this Agreement (B) the issuance of Premier Shares: (i) issuable upon the exchange from time to time of Exchangeable Shares (ii) on conversion of the Amended and Restated Pentwater Note and (iii) under the Success Payment Agreement;

(v) use its reasonable commercial efforts to obtain the Principal Shareholder Voting Agreements for each Principal Shareholder;

(w) not adopt a plan of liquidation or resolutions providing for the liquidation, dissolution, merger, consolidation, reorganization or winding-up of Premier or any Premier Subsidiary or reorganize, amalgamate or merge Premier or any Premier Subsidiary with any other person;

(x) use, and causing its subsidiaries to use, commercially reasonable efforts to satisfy (or cause the satisfaction of) the conditions precedent to its obligations under this Agreement to the extent the same is within its control and to take, or cause to be taken, all other actions and to do, or cause to be done, all other things necessary, proper or advisable under all applicable Laws to consummate the Merger; and

(y) not take any action, refrain from taking any reasonable action, or permitting any action to be taken or reasonable action to not be taken, which is inconsistent with this Agreement or which would reasonably be expected to significantly impede the completion of the Merger or to prevent or materially delay the completion of the transactions contemplated by this Agreement or any Applicable Regulatory Approval, in each case, except as specifically permitted by this Agreement; and

(z) after the Effective Date Premier shall file, or cause to be filed, all necessary tax filings or returns relating to the Merger for and on behalf of DK and any DKSub.

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4.4 Applications for Regulatory Approvals

Each of DK and Premier covenants and agrees to use all reasonable efforts required to apply for and obtain the Applicable Regulatory Approvals, and shall proceed diligently with respect to such applications, in a coordinated and expeditious manner.

4.5 Section 85 Elections

Exchangeco will execute and return to each DK Securityholder who so requests, an election pursuant to Section 85 of the ITA and any applicable provincial legislation in respect of any Elected Share transferred to Exchangeco and such DK Securityholder will be entitled to specify such elected amount as it wishes in such election, provided that (a) such amount is within the limits prescribed by Section 85 of the ITA and any applicable provincial legislation; and (b) such DK Securityholder provides two completed and signed copies of the appropriate tax election form to Exchangeco no later than 90 days after the Effective Date. Upon any DK Securityholder complying with the foregoing conditions, Exchangeco will execute the completed election form received from such DK Securityholder and return such form by registered mail or courier to such DK Securityholder within 30 days of its receipt thereof. The DK Securityholders will be solely responsible for the preparation of the foregoing election forms, and for the filing of such forms with the appropriate Governmental Entity. Exchangeco shall not be responsible or liable in any manner whatsoever for the content, effect, proper completion or timely filing of any such forms with the appropriate Government Entity, but will cooperate reasonably with the DK Securityholders in executing such forms in a timely manner, including providing such information within Premier’s possession as is reasonably required by the DK Securityholders to complete such forms.

4.6 Covenants Regarding Non-Solicitation

4.6.1     Subject to Section 4.7, during the Pre-Effective Date Period neither Premier nor Exchangeco shall and Premier shall cause each of the Premier Subsidiaries to not, directly or indirectly, through any officer, director, employee, representative or agent of Premier or any Premier Subsidiary:

(a) solicit, initiate, knowingly facilitate or encourage (including by way of furnishing information or entering into any form of agreement, arrangement or understanding) the initiation of any inquiries or proposals regarding or which could reasonably be expected to lead to an Acquisition Proposal;

(b) participate in any activities, discussions or negotiations regarding or which could reasonably be expected to lead to any Acquisition Proposal;

(c) (i) withdraw or modify in a manner adverse to DK the approval of the board of directors of Premier the transactions contemplated hereby; (ii) authorize, adopt, approve, recommend or otherwise publicly declare advisable, an Acquisition Proposal, (iii) fail to announce publicly within 10 Business Days after a tender offer or exchange offer relating to the securities of Premier shall have been commenced that the board of directors of Premier recommends rejection of such tender or exchange offer, or (iv) make any other public statement of the board of directors of Premier or a committee thereof that is inconsistent with the approval of the board of directors of Premier of the transactions with DK contemplated hereby;

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(d) furnish any non-public information relating to Premier or any of its Subsidiaries, or afford access to the books or records or representatives of Premier or any of its Subsidiaries, to any Person that, to Premier’s or such Premier Subsidiary’s knowledge, is seeking to or may make, or has made, an Acquisition Proposal;

(e) approve or recommend any Acquisition Proposal; or

(f) enter into any agreement, arrangement or understanding, or any letter of intent related to any Acquisition Proposal.

Notwithstanding the preceding part of this Section 4.6.1 and any other provision of this Agreement, nothing shall prevent the board of directors of Premier prior to the approval of the Premier Shareholders’ Resolution by the Premier Shareholders from: (i) contacting a Person making such Acquisition Proposal solely for the purpose of clarifying the terms and conditions of such Acquisition Proposal and the likelihood of its consummation as to determine whether such Acquisition Proposal is or is reasonably likely to lead to a Superior Proposal; and (ii) considering, participating in any discussions or negotiations, or entering into a confidentiality agreement (which shall contain terms no less restrictive than the corresponding terms contained in the Confidentiality Agreement) and providing information pursuant to Section 4.6.3, regarding an unsolicited bona fide written Acquisition Proposal that did not otherwise result from a breach of this Section 4.6 and that the board of directors of Premier determines in good faith, after consultation with financial advisors and outside legal counsel, is reasonably likely to result in a Superior Proposal; provided, however, that prior to taking such action, the board of directors must deliver one day’s advance written notice of its intent to take such action to DK (which notice shall include a summary of the material terms of the Acquisition Proposal and any related written agreements) and shall have determined, after consulting with its outside legal counsel, that failure of the board of directors of Premier to take such action would be inconsistent with its fiduciary duties. Premier shall not, and shall cause each Premier Subsidiary not to, consider, negotiate, accept or recommend an Acquisition Proposal after the approval of the Premier Shareholders’ Resolution by the Premier Shareholders. Each of Premier and Exchangeco shall, and shall cause its officers, directors and employees and any financial advisors or other advisors, representatives or agents retained by it to, and Premier shall cause each Premier Subsidiary to and to cause its officers, directors and employees and any financial advisors or other advisors, representatives or agent retained by such Premier Subsidiary to, immediately upon execution of this Agreement to cease all discussions and negotiations regarding any proposal that constitutes, or may reasonably be expected to lead to, an Acquisition Proposal.

4.6.2     Premier shall promptly notify DK, at first orally and then in writing, of any Acquisition Proposal and any enquiry that could lead to an Acquisition Proposal, or any amendments to the foregoing, or any request for non-public information relating to Premier or any Premier Subsidiary in connection with an Acquisition Proposal or for access to the properties, books or records of Premier or any Premier Subsidiary by any Person that informs Premier or any Premier Subsidiary that it is considering making, or has made, a proposal that constitutes, or may reasonably be expected to lead to, an Acquisition Proposal. Such notice shall include a description of the material terms and conditions of any proposal, the identity of the Person making such proposal, enquiry or contact and provide such other details of the proposal, enquiry or contact as DK may reasonably request. Premier shall:

(a) keep DK fully informed of the status including any change to the material terms of any such Acquisition Proposal or enquiry; and

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(b) provide to DK as soon as practicable after receipt or delivery thereof with copies of all correspondence and other written material sent or provided to Premier or any Premier Subsidiary from any Person in connection with any Acquisition Proposal or sent or provided by Premier or any Premier Subsidiary to any Person in connection with any Acquisition Proposal.

4.6.3     If Premier receives a request for material non-public information from a Person who has made an unsolicited bona fide written Acquisition Proposal and Premier is permitted, as contemplated under the second sentence of Section 4.6.1, to negotiate the terms of such Acquisition Proposal, then, and only in such case, the board of directors of Premier may, subject to the execution by such Person of a confidentiality agreement (which shall contain terms no less restrictive than the corresponding terms contained in the Confidentiality Agreement) provide such Person with access to information regarding Premier; provided, however, that the Person making the Acquisition Proposal shall not be precluded under such confidentiality agreement from making the Acquisition Proposal (but not any material amendment thereto) and provided further that Premier sends a copy of any such confidentiality agreement to DK promptly upon its execution and concurrently provides DK with a list of or copies of the information provided to such Person and access to similar information to which such Person was provided.

4.6.4     Premier shall ensure that it and each of the Premier Subsidiaries and each of its and the Premier Subsidiaries’ officers, directors and employees and any financial advisors or other advisors, representatives or agents retained by it are aware of the provisions of this Section 4.6, and it shall be responsible for any breach of this Section 4.6 by any such Person.

4.7 Notice by Premier of Superior Proposal Determination

4.7.1     Notwithstanding Sections 4.6.1, 4.6.2 and 4.6.4, Premier may accept, approve, recommend or enter into any agreement, understanding or arrangement in respect of a Superior Proposal if, and only if:

(a) it has complied with its obligations under Section 4.6;

(b) five (5) Business Days shall have elapsed from the later of the date DK received written notice advising DK that Premier’s board of directors has resolved, subject only to compliance with this Section 4.7 and termination of this Agreement, to accept, approve, recommend or enter into an agreement in respect of such Superior Proposal, specifying the terms and conditions of such Superior Proposal and identifying the Person making such Superior Proposal, and the date DK received a copy of such Superior Proposal; and

(c) it has previously or concurrently will have:

(i) paid to DK the Break Fee, if any, payable under Section 6.4; and

(ii) terminated this Agreement pursuant to Section 6.3.

4.7.2     Any information provided by Premier to DK pursuant to this Section 4.7 or pursuant to Section 4.6 shall constitute “Information” under Section 4.8.1.

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4.7.3     During such five (5) Business Day period, Premier agrees that DK shall have the right, but not the obligation, to offer to amend the terms of this Agreement. The board of directors of Premier will review any offer by DK to amend the terms of this Agreement in good faith in order to determine, in its discretion in the exercise of its fiduciary duties, whether DK’s offer upon acceptance by Premier would result in such Superior Proposal ceasing to be a Superior Proposal. If the board of directors of Premier so determines, it will enter into an amended agreement with DK reflecting DK’s amended proposal and immediately press release its approval of the transactions contemplated by the DK amended proposal and the recommendation to the Premier Shareholders with respect thereto. If the board of directors of Premier continues to believe, in good faith and after consultation with financial advisors and outside legal counsel, that such Superior Proposal remains a Superior Proposal and therefor rejects DK’s amended proposal, Premier may terminate this Agreement pursuant to Section 6.3.3(d); provided, however, that Premier must concurrently therewith pay to DK the Break Fee, payable to DK under Section 6.4. Premier acknowledges and agrees that payment of the Break Fee, payable under Section 6.4 is a condition to valid termination of this Agreement under Section 6.3.3(d) and this Section 4.7.

4.7.4     Premier also acknowledges and agrees that each successive modification of any Acquisition Proposal shall constitute a new Acquisition Proposal for purposes of the requirement under Section 4.7.1(b) to initiate an additional five (5) Business Day notice period.

4.8 Access to Information

4.8.1 Without limiting the Confidentiality Agreement, each of Premier and DK acknowledges that certain information to be provided to it prior to the execution of this Agreement will be confidential, non-public and/or proprietary in nature (the “Information”). Except as permitted below, each of Premier and DK will keep the Information provided to it by the other or the other’s Representatives confidential and will not, without the prior written consent of the other, disclose it, in any manner whatsoever, in whole or in part, to any other Person, and will not use it for any purpose other than to evaluate the transactions contemplated by this Agreement. Each of Premier and DK will make all reasonable, necessary and appropriate efforts to safeguard the Information from disclosure to anyone other than as permitted hereby and to control the copies, extracts or reproductions made of the Information. The Information may be provided to the Representatives of each of Premier and DK who require access to the same to assist it in proceeding in good faith with the transactions contemplated by this Agreement, and whose assistance is required for such purposes, provided that it has first informed such Representatives to whom Information is provided that the Representative has the same obligations, including as to confidentiality, restricted use and otherwise, that it has with respect to such Information. This provision shall not apply to such portions of the Information that:

(a) are or become generally available to the public otherwise than as a result of disclosure by a Party or its Representatives;

(b) become available to a Party on a non-confidential basis from a source other than, directly or indirectly, the other Party or its Representatives, provided that such source is not, to the knowledge of the first Party, upon reasonable enquiry, prohibited from transmitting the Information by a contractual, legal or fiduciary obligation;

(c) were known to a Party or were in its possession on a non-confidential basis prior to being disclosed to it by the other Party or by someone on its behalf; or

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(d) are required by applicable Laws or court order to be disclosed, provided that if a Party or any of its representatives (the “Compelled Party”) is required to disclose any such information, the Compelled Party gives the other Parties (the “Other Parties”) prior written notice of such disclosure as soon as practicable, so that the Other Parties will have an opportunity to seek a protective order or to take other appropriate action.

4.8.2     Where this Agreement is terminated for any reason then all Information of the disclosing Party (including all paper and electronic copies thereof) shall be immediately returned to the disclosing Party or destroyed as directed by the disclosing Party.

4.8.3     The provisions of this Section 4.8 shall survive the termination of this Agreement.

4.8.4     The Parties acknowledge that certain Information may be competitively sensitive and that disclosure thereof shall be limited to that which is reasonably necessary for the purpose of:

(a) preparing submissions or applications in order to obtain the Applicable Regulatory Approvals; and

(b) preparing the Proxy Statement.

4.9 Covenant Regarding Representations and Warranties

Each of the Parties covenants that the representations and warranties given by it and contained in Section 3.0 are true and correct on and as at the Effective Date (except to the extent such representations and warranties speak as of a specified date or except as affected by transactions contemplated or permitted by this Agreement or in the ordinary course of business or otherwise consented to by the other Parties) or, if not true, do not have a Material Adverse Effect on such Party and will notify the other Party if any such representation or warranty is not true and correct as of the Effective Date.

4.10 Closing Matters

Each of the Parties shall deliver, at the closing of the Merger and other transactions contemplated hereby, such customary certificates (including “bring down” certificates), resolutions, opinions (including appropriate legal opinions of Premier’s United States counsel delivered to DK and the DK Securityholders as to the due authorization, execution and delivery by Premier of this Agreement and any of the Ancillary Agreements to which it is a party and the enforceability of this Agreement and such Ancillary Agreements as are governed by U.S. Law and opining upon the valid issuance of the Premier Shares and Premier Merger Shares by Premier as fully paid and non-assessable and of Premier’s Canadian counsel opining upon the issuance of the Exchangeable Shares, and compliance with the Securities Act (British Columbia) on the issuance and resale of the Exchangeable Shares, Premier Merger Shares and Premier Shares and as to the due authorization, execution, delivery on behalf of Exchangeco of this Agreement and Ancillary Agreements to which it is a party, and as to the enforceability of this Agreement and such of the Ancillary Agreements as are governed by British Columbia Law) and such other closing documents as may be required by the other Party, acting reasonably. The closing of the Merger and the transactions contemplated hereby will take place at 9:00 a.m. (Vancouver Time) on the Effective Date at the offices of Dentons US LLP at 233 South Wacker Drive, Suite 7800, Chicago, Illinois, 60606-6404, United States.

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4.11 Employment and Related Matters

Except as otherwise specifically provided in this Agreement, nothing herein shall be construed as:

(a) requiring Premier or DK to continue the employment of any Premier Employee or DK Employee following the Effective Time;

(b) limiting Premier’s or DK’s ability to amend, modify or terminate any Premier Employee Benefit Plan or arrangement or DK Employee Benefit Plan, respectively; or

(c) requiring Premier or DK to maintain any particular level of DK Employee benefits or Premier Employee benefits, as applicable, for any of its Premier Employees or DK Employees, respectively, following the Effective Time.

4.12 Prohibition on Voluntary Liquidation

Premier shall not, and agrees to (y) cause each of the Premier Subsidiaries (other than Exchangeco), and (z) so long as any Exchangeable Shares remain outstanding, cause each of Exchangeco to not, to take any action relating to a voluntary liquidation, dissolution or winding up, as the case may be.

4.13 Covenants of Bao and Brenner

Each of Bao and Brenner separately covenants and agree for and on behalf of himself or herself only that, until the Effective Date or the earlier termination of this Agreement in accordance with Section 6.0, except with the consent of Premier with respect to any deviation therefrom or with respect to any matter contemplated by this Agreement, they will:

(a) perform all obligations required or desirable to be performed by them under this Agreement and to do all such other acts and things as may be necessary or desirable in order to consummate and make effective, as soon as reasonably practicable, the transactions contemplated in this Agreement and not take any action, refrain from taking any reasonable action, or permit any action to be taken or reasonable action to not be taken, which is inconsistent with this Agreement or would reasonably be expected to significantly impede the completion of the Merger or to prevent or materially delay the completion of the transactions contemplated by this Agreement,

(b) promptly advise Premier in writing:

(i) of any event occurring subsequent to the date of this Agreement known to them that would render any representation or warranty of DK contained in this Agreement (except any such representation or warranty which speaks as of a date prior to the date of this Agreement), if made on or as of the date of such event or the Effective Date, untrue or inaccurate in any material respect; and

(ii) any breach by him or her, respectively, of any covenant or agreement contained in this Agreement;

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(c) not sell, transfer, gift, assign, pledge, hypothecate, encumber or otherwise dispose of any of his or her DK Shares, or enter into any agreement, arrangement or understanding in connection therewith (whether by actual disposition or effective economic disposition due to cash settlement or otherwise), without having first obtained the prior written consent of Premier, or grant any proxies or powers of attorney, deposit any his or her DK Shares into a voting trust or enter into a voting agreement, understanding or arrangement with respect to any of his or her DK Shares; and

(d) (i) vote (or cause to be voted) all the DK Shares held by him or her at any meeting or on any consent resolution of the DK Securityholders (including any and all votes by class) of the foregoing (i) in favour of the approval, consent, ratification and adoption of the transactions contemplated by this Agreement (and any actions required in furtherance thereof); and (ii) against any action that would result in any breach of any representation, warranty or covenant by DK in this Agreement or which might reasonably be expected to have a Material Adverse Effect on DK.

5.0 CONDITIONS

5.1 Mutual Conditions Precedent

The respective obligations of the Parties to complete the transactions contemplated by this Agreement shall be subject to the satisfaction, on or before the Effective Date, of the following conditions precedent, each of which may only be waived by the mutual consent of Premier and DK:

(a) the Premier Shareholders’ Resolution shall have been approved and adopted by the Premier Shareholders at the Premier Special Meeting by the vote required under the NCM Rules;

(b) the Pentwater Loan shall have been assumed by the DK Investors as amended to provide for the conversion features described in Appendix 5;

(c) there shall not be in force any order or decree restraining or enjoining the consummation of the transactions contemplated by this Agreement and there shall be no proceeding, of a judicial or administrative nature or otherwise, in progress or threatened that relates to or results from the transactions contemplated by this Agreement that would, if successful, result in an order or ruling that would preclude completion of the transactions contemplated by this Agreement in accordance with the terms hereof or would otherwise be inconsistent with the Applicable Regulatory Approvals which have been obtained;

(d) this Agreement shall not have been terminated pursuant to Section 6.0;

(e) all consents, waivers, permits, orders and approvals of any Governmental Entity (including the Applicable Regulatory Approvals, other than, in the case of Premier, a notice pursuant to Section 12 of the ICA, if applicable, and the expiry of any waiting periods, in connection with, or required to permit, the consummation of the Merger, the failure of which to be obtained or the non-expiry of which would constitute a criminal offense, or would have a Material Adverse Effect on Premier or DK, as the case may be, shall have been obtained or received on terms that will not have a Material Adverse Effect on Premier or DK and there shall not be pending or threatened any suit, action or proceeding by any Governmental Entity, in each case that has a reasonable likelihood of success;

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(i) seeking to prohibit or restrict the acquisition by Premier of any DK Shares;

(ii) seeking to prohibit Premier from issuing Premier Merger Shares or Premier Shares;

(iii) seeking to prohibit Exchangeco from issuing the Exchangeable Shares;

(iv) seeking to restrain or prohibit the consummation of the Merger or any part thereto;

(v) seeking to obtain from DK or a DK Securityholder any damages that are material in relation to DK;

(vi) seeking to obtain from Premier any damages that are material in relation to Premier;

(vii) seeking to prohibit or materially limit the ownership or operation by Premier or any of its Subsidiaries of any material portion of the business or assets of DK or to compel Premier or any of its Subsidiaries to dispose of or hold separate any material portion of the business or assets of DK;

(viii) seeking to prohibit RMSTI from retaining or exercising its rights to the Titanic Assets and as sole salvor or other rights associated with the Titanic Assets, including without limitation any appeal of or action otherwise requesting an amendment or change to either of the 2010 Opinion or the 2011 Opinion;

(ix) seeking to prohibit or restrict Premier or any of its Subsidiaries from complying with the terms and conditions of this Agreement or any of the Ancillary Agreements;

(x) seeking to prohibit Premier or any of its Subsidiaries from effectively controlling in any material respect the business or operations of DK;

(xi) seeking to prohibit the DK Investor Group or any of them from advancing the Second Loan;

(xii) seeking to prohibit DK Investor Group or any of them from assuming or replacing the Pentwater Loan;

(xiii) seeking to amend or change in any way the Titanic Covenants and Conditions;

(xiv) requiring approval of a Governmental Entity to the terms or conditions of this Agreement or the closing of the transactions contemplated herein under the Titanic Covenants and Conditions; or

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(xv) which otherwise is reasonably likely to have a Material Adverse Effect on Premier or RMSTI.

5.2 Additional Conditions Precedent to the Obligations of DK

The obligations of DK to complete the transactions contemplated by this Agreement shall also be subject to the fulfilment of each of the following conditions precedent (each of which is for DK’s exclusive benefit and may be waived by DK and any one or more of which, if not satisfied or waived, will relieve DK of any obligation under this Agreement):

(a) all covenants and agreements of Premier and Exchangeco under this Agreement to be performed or observed on or before the Effective Date and during the Pre-Effective Period shall have been duly performed and observed by Premier or Exchangeco, as applicable, in all material respects;

(b) the representations and warranties of Premier and Exchangeco contained in this Agreement shall be true and correct in all material respects as of the Effective Date as if made on and as of such date (except to the extent such representations and warranties speak as of a specified date which is earlier than the date of this Agreement, in which event such representations and warranties shall be true and correct in all material respects as of such earlier specified date, or except as affected by transactions or changes in the ordinary course of business or otherwise contemplated or permitted by this Agreement or otherwise consented to by DK) and DK shall have received a certificate of Premier addressed to DK and dated the Effective Date, signed on behalf of Premier by two senior executive officers of Premier, confirming the same as at the Effective Date;

(c) between the date hereof and the Effective Date, there shall not have occurred, in the judgment of DK, acting reasonably, a Material Adverse Change to Premier or RMSTI; provided that a reduction in the market price or value of the Premier Shares on the NCM or any other stock exchange or quotation system on which the Premier Shares may be listed or posted for trading or the results of operations (and the announcement thereof) of Premier in any particular fiscal quarter shall not, in either case, in and of itself, constitute such a Material Adverse Change;

(d) the board of directors of Premier shall have made and shall not have withdrawn or modified or amended, in any material respect, prior to the Premier Special Meeting, an affirmative recommendation that the Premier Shareholders approve the Premier Shareholders’ Resolutions;

(e) each of shareholders bound by the Principal Shareholder Voting Agreements shall have materially complied with the provisions thereof;

(f) the Premier Shares issuable:

(i) pursuant to the Merger;

(ii) upon exchange of the Exchangeable Shares from time to time;

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(iii) upon the conversion of all or any part of the Amended and Restated Pentwater Note; and

(iv) in respect of amounts due under the Success Payment Agreement,

shall have been authorized for listing on the NCM, subject to official notice of issuance;

(g) DK and the DK Securityholders shall have received the opinions set out in Section 4.10;

(h) Premier shall not be in default of the Pentwater Amended and Restated Note;

(i) Premier shall have entered into such Retention Agreements with the Key Employees; and

(j) Premier (and where applicable Exchangeco) shall have executed the Ancillary Agreements to which it is a party.

5.3 Additional Conditions Precedent to the Obligations of Premier

The obligations of Premier to complete the transactions contemplated by this Agreement shall also be subject to fulfillment of each of the following conditions precedent (each of which is for the exclusive benefit of Premier and may be waived by Premier and any one or more of which, if not satisfied or waived, will relieve Premier of any obligation under this Agreement):

(a) all covenants of DK, each DKSub, Bao and Brenner under this Agreement to be performed or observed on or before the Effective Date and during the Pre-Effective Period shall have been duly performed and observed by DK, each DKSub, Bao or Brenner, as the case may be, in all material respects;

(b) all representations and warranties of DK, each DKSub, Bao and Brenner contained in this Agreement shall be true and correct in all material respects as of the Effective Date as if made on and as of such date (except to the extent such representations and warranties speak as of a specified date which is earlier than the date of this Agreement, in which event such representations and warranties shall be true and correct in all material respects as of such earlier specified date, or except as affected by transactions or changes in the ordinary course of business or otherwise contemplated or permitted by this Agreement) and Premier shall have received a certificate of DK, and each of Bao and Brenner addressed to Premier and dated the Effective Date, signed on behalf of DK by two senior executive officers of DK, confirming the same as at the Effective Date;

(c) all third party consents required to be obtained by DK in connection with the Merger are duly obtained at or prior to the Effective Date;

(d) between the date hereof and the Effective Date, there shall not have occurred, in the judgment of Premier, acting reasonably, a Material Adverse Change to DK;

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(e) Bao as agent on behalf of the DK Investor Group shall have entered into each of the Amended and Restated Pentwater Note and the Assignment and Assumption Agreement;

(f) Premier shall have received, or received sufficient copies of, the certificates, resolutions, legal opinion and other documents as are to be provided to Premier by DK as set out in Section 4.10; and

(g) the DK Securityholders shall have delivered their certificates representing Elected Shares to Exchangeco and the certificates representing DK Shares other than Elected Shares endorsed for transfer to Exchangeco.

5.4 Notice and Cure Provisions

Each of the Parties will give prompt notice to the others of the occurrence, or failure to occur, at any time from the date hereof until the Effective Date, of any event or state of facts which occurrence or failure would, or would be likely to:

(a) cause any of the representations or warranties of the other contained herein to be untrue or inaccurate in any material respect on the date hereof or on the Effective Date (except to the extent such representations and warranties speak as of a specified date or except as affected by transactions or changes in the ordinary course of business or otherwise contemplated or permitted by this Agreement); or

(b) result in the failure to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by the other hereunder prior to the Effective Date.

None of the Parties may elect not to complete the transactions contemplated hereby pursuant to the conditions precedent contained in Sections 5.1, 5.2 and 5.3, or exercise any termination right arising therefrom, unless forthwith and in any event prior to the Effective Date, Premier or DK, as the case may be, has delivered a written notice to the other specifying in reasonable detail all breaches of covenants, representations and warranties or other matters which Premier or DK, as the case may be, are asserting as the basis for the non-fulfilment of the applicable condition precedent or the exercise of the termination right, as the case may be. If any such notice is delivered, provided that Premier or DK, as the case may be, are proceeding diligently to cure such matter, if such matter is susceptible to being cured, the other may not terminate this Agreement until the later of the Drop Dead Date and the expiration of a period of 30 days from such notice. For greater certainty, in the event that such matter is cured within the time period referred to herein, this Agreement may not be terminated as a result of the occurrence of that matter.

5.5 Satisfaction of Conditions

The conditions precedent set out in Sections 5.1, 5.2 and 5.3 shall be conclusively deemed to have been satisfied, waived or released when, on the closing of the Merger by the Parties.

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6.0 AMENDMENT AND TERMINATION

6.1 Amendment

This Agreement may, at any time and from time to time before or after the holding of the Premier Special Meeting but not later than the Effective Date, be amended by mutual written agreement of the Parties, and any such amendment may, without limitation:

(a) change the time for performance of any of the obligations or acts of the Parties;

(b) waive any inaccuracies or modify any representation contained herein or in any document delivered pursuant hereto;

(c) waive compliance with or modify any of the covenants herein contained and waive or modify performance of any of the obligations of the Parties; and

(d) waive compliance with or modify any conditions precedent herein contained,

provided, however, that any such change, waiver or modification does not invalidate the affirmative vote of the Premier Shareholders to the Premier Shareholders’ Resolution.

6.2 Mutual Understanding Regarding Amendments

The Parties agree that if Premier or DK, as the case may be, propose any amendment or amendments to this Agreement, the other will act reasonably in considering such amendment and if the other and its securityholders are not prejudiced by reason of any such amendment the other will co-operate in a reasonable fashion with Premier or DK, as the case may be, so that such amendment can be effected subject to applicable Laws and the rights of the securityholders.

6.3 Termination

6.3.1     If any condition contained in Section 5.1 or 5.2 is not satisfied on or before the Drop Dead Date, to the satisfaction of DK, then DK in accordance with Section 5.4 may by notice to Premier terminate this Agreement and the obligations of the Parties hereunder except as otherwise herein provided, but without detracting from the rights of DK arising from any breach by Premier or a Premier Subsidiary but for which the condition would have been satisfied.

6.3.2     If any condition contained in Section 5.1 or 5.3 is not satisfied on or before the Drop Dead Date to the satisfaction of Premier, then Premier in accordance with Section 5.4 may by notice to DK terminate this Agreement and the obligations of the Parties hereunder except as otherwise herein provided, but without detracting from the rights of Premier arising from any breach by DK or a DK Securityholder but for which the condition would have been satisfied.

6.3.3     This Agreement may, at any time before or after the Premier Special Meeting, but not later than the Drop Dead Date:

(a) be terminated by the mutual agreement of DK and Premier (subject to the consent of the DK Securityholders);

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(b) be terminated by either DK, the DK Securityholders or Premier if there shall be passed any Law that makes consummation of the transactions contemplated by this Agreement illegal or otherwise prohibited or if any injunction, order or decree enjoining Premier or DK from consummating the transactions contemplated by this Agreement is entered and such injunction, order or decree shall become final and non-appealable;

(c) be terminated by DK if:

(i) the board of directors of Premier shall have failed to recommend or withdrawn or modified or changed in a manner adverse to DK its approval or recommendation of this Agreement and the Premier Shareholders’ Resolution or shall have recommended or approved an Acquisition Proposal;

(ii) a public announcement is made by Premier relating to an Acquisition Proposal (other than a public announcement required by Section 4.6(c) or as contemplated by Section 6.3.3(c)(i)); or

(iii) the Premier Shareholders’ Resolution, through no fault of DK, shall not have been approved by the Premier Shareholders, on or before the Drop Dead Date;

(d) be terminated by Premier in order to enter into a definitive written agreement with respect to a Superior Proposal, subject to compliance with Section 4.7 and the payment of the fee required to be paid pursuant to Section 6.4.

6.3.4     If this Agreement is terminated in accordance with the foregoing provisions of this Section 6.3, no Party shall have any further Liability to perform its obligations hereunder, except as provided for in Section 6.4 or as otherwise contemplated hereby, and provided that, subject to Section 6.6, neither the termination of this Agreement nor anything contained in this Section 6.3.4 shall relieve any Party from any Liability for any breach by it of this Agreement, including from any inaccuracy in its representations and warranties and any non-performance by it of its covenants made herein.

6.4 Break Fee

If:

(a) DK terminates this Agreement pursuant to Section 6.3.3(c)(i);

(b) DK terminates this Agreement pursuant to Section 6.3.3(c)(ii);

(c) Premier terminates this Agreement pursuant to Section 6.3.3(d); or

(d) DK terminates this Agreement pursuant to Section 6.3.1 in respect of the non-satisfaction of one of the conditions contained in Section 5.1 or 5.2, other than a termination pursuant to Section 6.3.1 in respect of the non-satisfaction of the condition contained in Section 5.2 relating to a representation or warranty which is true and correct as of the date of this Agreement but which, through no fault of DK after the date of this Agreement, is not true and correct in all material respects as of the Effective Date (except, for greater certainty, to the extent such representations and warranties speak as of a specified date which is earlier than the date of this Agreement or except as affected by transactions or changes in the ordinary course of business or otherwise contemplated or permitted by this Agreement or otherwise consented to by DK);

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then in any such case Premier shall pay to DK the sum of $1,000,000 in immediately available funds to an account designated by DK. Such payment shall be due and payable:

(i) in the case of a termination specified in clause (a) or (d), concurrently with termination of this Agreement;

(ii) in the case of a termination specified in clause (b), on the date on which Premier shall have entered into an Acquisition Proposal if it does so within a period of nine (9) months of such termination, failing which no fee shall be payable to DK under this Section; or

(iii) in the case of a termination specified in clause (c), within five (5) Business Days after written notice to DK of termination by Premier.

Premier shall not be obligated to make more than one payment pursuant to this Section 6.4.

6.5 Liquidated Damages

Each of the Parties acknowledges that the damages set out in this Section 6.0 are a genuine pre-estimate of the damages which the other will suffer or incur as a result of the event giving rise to those damages and are not penalties. Each of the Parties irrevocably waives any right it may have to raise as a defence in any proceedings that any such damages are abusive.

6.6 Remedies

Subject to Section 6.7, the Parties acknowledge and agree that an award of money damages would be inadequate for any breach of this Agreement by any Party or its representatives and any such breach would cause the non-breaching Party irreparable harm. Accordingly, the Parties agree that, in the event of any breach or threatened breach of this Agreement by one of the Parties, the non-breaching Party will also be entitled, without the requirement of posting a bond or other security, to equitable relief, including injunctive relief and specific performance. Such remedies will not be the exclusive remedies for any breach of this Agreement but will be in addition to all other remedies available at law or equity to the Parties.

6.7 Effect of Break Fee Payment

6.7.1     For greater certainty, the Parties agree that the payment of the amount pursuant to Section 6.4 is the sole monetary remedy of the Party entitled to such amount as a result of the occurrence of any of the events referred to in Section 6.4.

6.7.2 Subject to the immediately preceding paragraph, nothing in this Agreement shall preclude a Party from seeking damages in respect of losses incurred or suffered by such Party as a result of any breach of this Agreement by the other Party, seeking injunctive relief to restrain any breach or threatened breach of the covenants or agreements set out in this Agreement or the Confidentiality Agreement or otherwise, or seeking specific performance of any of such covenants or agreements, without the necessity of posting bond or security in connection therewith.

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7.0 GENERAL

7.1 Notices

All notices and other communications which may be or are required to be given pursuant to any provision of this Agreement shall be given or made in writing or by electronic communications and shall be deemed to be validly given if served personally or by email or telecopy, in each case addressed to the particular Party at:

(a) If to DK:

Dinoking Tech Inc.

#110 - 11188 Featherstone Way

Richmond, British Columbia V6W 1K9

Canada

Attention: Chief Executive Officer

Facsimile: (604) 277-1617

Email: daoping@dinosaursunearthed.com

with a copy to:

Dentons Canada LLP

20^th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

Attention: Catherine Wade

Facsimile: (604) 683-5214

Email: catherine.wade@dentons.com

(b) If to Premier or a Premier Subsidiary:

Premier Exhibitions, Inc.

Suite 900, 3340 Peachtree Road N.E.

Atlanta, Georgia 30326

USA

Attention: Chief Executive Officer

Facsimile: (404) 842-2626

Email: ssw2660@comcast.net

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with a copy to:

Thompson Hine LLP (Cleveland)

3900 Key Center

127 Public Square

Cleveland, Ohio 44114-1291

USA

Attention: Derek Bork

Facsimile: (216) 566-5800

Email: Derek.Bork@ThompsonHine.com

and with a copy to:

Gowling Lafleur Henderson LLP

550 Burrard Street

Suite 2300

Bentall 5

Vancouver, British Columbia V6C 2B5

Canada

Attention: Cyndi Laval

Facsimile: (604) 443-5629

Email: cyndi.laval@gowlings.com

(c) If to Bao:

5790 126A Street.

Surrey, British Columbia V3X 3H6

Canada

Attention: Daoping Bao

Facsimile: (604) 277-1617

Email: daoping@dinosaursunearthed.com

with a copy to:

Dentons Canada LLP

20^th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

Attention: Catherine Wade

Facsimile: (604) 683-5214

Email: catherine.wade@dentons.com

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(d) If to Brenner:

18 - 1828 Lilac Drive

Surrey, British Columbia V4A 5C9

Canada

Attention: Nancy Brenner

Facsimile: (604) 277-1617

Email: nancy@dinosaursunearthed.com

with a copy to:

Dentons Canada LLP

20^th Floor, 250 Howe Street

Vancouver, British Columbia V6C 3R8

Canada

Attention: Catherine Wade

Facsimile: (604) 683-5214

Email: catherine.wade@dentons.com

or at such other address of which any Party may, from time to time, advise the other Parties by notice in writing given in accordance with the foregoing. The date of receipt of any such notice shall be deemed to be the date of delivery or telecopying thereof.

7.2 Assignment

No Party may assign its rights or obligations under this Agreement.

7.3 Binding Effect

This Agreement shall be binding upon and shall enure to the benefit of the Parties and their respective successors. For greater certainty, Premier will not have any right pursuant to this Agreement, in equity or otherwise, whether absolutely or contingently, to, or to acquire, the DK Shares prior to the Effective Time, and any such right will only come into existence when becomes effective and binding at the Effective Time.

7.4 Waiver and Modification

DK and Premier may waive or consent to the modification of, in whole or in part, any inaccuracy of any representation or warranty made to them hereunder or in any document to be delivered pursuant hereto and may waive or consent to the modification of any of the covenants herein contained for their respective benefit or waiver or consent to the modification of any of the obligations of the other Parties. Any waiver or consent to the modification of any of the provisions of this Agreement, to be effective, must be in writing executed by the Party granting such waiver or consent.

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7.5 No Personal Liability

7.5.1      No director or officer of Premier in such capacity shall have any personal Liability whatsoever to DK under this Agreement, or any other document delivered in connection with this Agreement or the Merger by or on behalf of Premier.

7.5.2      No director or officer of DK in such capacity shall have any personal Liability whatsoever to Premier under this Agreement, or any other document delivered in connection with this Agreement or the Merger by or on behalf of DK.

7.6 Further Assurances

Each Party shall, from time to time, and at all times hereafter, at the request of the other Parties, but without further consideration, do all such further acts and things and execute and deliver all such further documents and instruments as shall be reasonably required in order to fully perform and carry out the terms and intent hereof.

7.7 Expenses

Except as provided in Section 6.4 and herein, all out-of-pocket expenses of the Parties relating to the Merger and the transactions contemplated hereby, including all Third Party Expenses, shall be paid by the Party incurring such expenses.

7.8 Consultation

Premier and DK agree to consult with each other as to the general nature of any news releases or public statements with respect to this Agreement or the Merger, and to use their respective reasonable efforts not to issue any news releases or public statements inconsistent with the results of such consultations. Subject to applicable Laws, each Party shall use its reasonable efforts to enable the other Parties to review and comment on all such news releases prior to the release thereof. The Parties agree to issue jointly a news release with respect to the Merger as soon as practicable following the execution of this Agreement.

7.9 Governing Laws

This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein and shall be treated in all respects as a British Columbia contract.

7.10 Severability

If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties shall in such event negotiate in good faith to modify the Agreement to preserve each Party’s anticipated benefits under this Agreement.

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7.11 Counterparts

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF the Parties hereto have executed this Agreement as of the date first written above.

PREMIER EXHIBITIONS, INC.
By:	/s/ Mark A. Sellers
	Authorized Signatory
1032403 B.C. LTD.
By:	/s/ Mark A. Sellers
	Authorized Signatory
DINOKING TECH INC.
By:	/s/ Daoping Bao
	Authorized Signatory

Signed in the presence of:	)
	)
	)
/s/ witness	)	/s/ Daoping Bao
Witness	)	DAOPING BAO

Signed in the presence of:	)
	)
	)
/s/ witness	)	/s/ Nancy Brenner
Witness	)	NANCY BRENNER

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Appendix

Applicable Regulatory Approvals

For Premier

The filing with, and approval of, the U.S. Securities and Exchange Commission of the Proxy Statement.

The approval by the NASDAQ Stock Market, LLC of (i) Premier’s issuance of the Premier Merger Shares, (ii) the listing of the Premier Shares issuable upon exchange of the Exchangeable Shares, (iii) the listing of the Premier Shares to be issued on conversion of the Amended and Restated Pentwater Note, and (iv) the listing of the Premier Shares to be issued under the Success Payment Agreement.

Notice under Section 12 of the Investment Canada Act by Premier, if applicable.

AppendiX

EXCHANGEABLE share rights and RESTRICTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AppendiX

Merger Shares rights and RESTRICTIONS

CLASS 1 SPECIAL VOTING STOCK

Section 1. Designation, Amount and Par Value. The Class 1 Special Voting Stock shall be designated as Class 1 Special Voting Stock and the number of shares so designated shall be one (1). The shares of Class 1 Special Voting Stock shall have a par value of $0.0001 per share.

Section 2. Dividends. The holder of record of the share of the Class 1 Special Voting Stock shall not be entitled to receive any dividends declared and paid by the Company.

Section 3. Voting Rights.

(a) The holder of record of the share of the Class 1 Special Voting Stock, except as otherwise required under applicable law or as set forth in subparagraph (b) below, shall not be entitled to vote on any matter required or permitted to be voted upon by the stockholders of the Company.

(b) With respect to all meetings of the stockholders of the Company at which the holders of the Company’s common stock, par value $0.0001 per share, are entitled to vote (each, a “Stockholder Meeting”) and with respect to any written consents sought by the Company from the holders of such common stock (each, a “Stockholder Consent”), the holder of the share of the Class 1 Special Voting Stock shall vote together with the holders of such common stock and the holders of Class 2 Special Voting Stock, all as a single class (except as otherwise required under applicable law), and the holder of the issued Class 1 Special Voting Stock shall be entitled to cast on such matter a number of votes equal to the number of Exchangeable Shares (the “Exchangeable Shares”) of 1032403 B.C. Ltd. a British Columbia corporation (“Exchangeco”), outstanding as of the record date for determining stockholders entitled to vote at such Stockholder Meeting or in connection with the applicable Stockholder Consent that are owned by the holder of the Class 1 Special Voting Stock.

Section 4. Liquidation. Upon any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, the holder of record of the share of the Class 1 Special Voting Stock shall not be entitled to receive any assets of the Company available for distribution to its stockholders.

Section 5. Other Provisions.

(a) The holder of record of the Class 1 Special Voting Stock shall not have any rights hereunder to convert such share into, or exchange such share for, shares of any other series or class of capital stock of the Company.

(b) At such time as the share of the Class 1 Special Voting Stock has no votes attached to it, the Class 1 Special Voting Stock shall be automatically cancelled.

CLASS 2 SPECIAL VOTING STOCK

Section 1. Designation, Amount and Par Value. The Class 2 Special Voting Stock shall be designated as Class 2 Special Voting Stock and the number of shares so designated shall be one (1). The shares of Class 2 Special Voting Stock shall have a par value of $0.0001 per share.

Section 2. Dividends. The holder of record of the share of the Class 2 Special Voting Stock shall not be entitled to receive any dividends declared and paid by the Company.

Section 3. Voting Rights.

(c) The holder of record of the share of the Class 2 Special Voting Stock, except as otherwise required under applicable law or as set forth in subparagraph (b) below, shall not be entitled to vote on any matter required or permitted to be voted upon by the stockholders of the Company.

(d) With respect to all meetings of the stockholders of the Company at which the holders of the Company’s common stock, par value $0.0001 per share, are entitled to vote (each, a “Stockholder Meeting”) and with respect to any written consents sought by the Company from the holders of such common stock (each, a “Stockholder Consent”), the holder of the share of the Class 2 Special Voting Stock shall vote together with the holders of such common stock, and the holders of the Class 1 Special Voting Stock, all as a single class (except as otherwise required under applicable law), and the holder of the issued Class 2 Special Voting Stock shall be entitled to cast on such matter a number of votes equal to the number of Exchangeable Shares (the “Exchangeable Shares”) of 1032403 B.C. Ltd. a British Columbia corporation (“Exchangeco”), outstanding as of the record date for determining stockholders entitled to vote at such Stockholder Meeting or in connection with the applicable Stockholder Consent that are owned by the holder of the Class 2 Special Voting Stock.

Section 4. Liquidation. Upon any liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, the holder of record of the share of the Class 2 Special Voting Stock shall not be entitled to receive any assets of the Company available for distribution to its stockholders.

Section 5. Other Provisions.

(c) The holder of record of the Class 2 Special Voting Stock shall not have any rights hereunder to convert such share into, or exchange such share for, shares of any other series or class of capital stock of the Company.

(d) At such time as the share of the Class 2 Special Voting Stock has no votes attached to it, the Class 2 Special Voting Stock shall be automatically cancelled.

2

EX-10.1

Exhibit 10.1

FORM OF SUPPORT AGREEMENT

THIS AGREEMENT made as of the ___ day of ___________, 2015 (as amended, supplemented or otherwise modified from time to time, the “Agreement”), between Premier Exhibitions, Inc., a company existing under the laws of the State of Florida (the “Parent”) and 1032403 B.C. Ltd. a corporation existing under the laws of British Columbia (the “Corporation”).

WHEREAS pursuant to a merger agreement (the “Merger Agreement”) made as of April 2, 2015 among Parent, the Corporation, Dinoking Tech Inc. (“DK”), Daoping Bao (“Bao”) and/or Nancy Brenner (“Brenner”), the Corporation is to issue Exchangeable Shares to Bao and Brenner to the extent that, pursuant to the Merger Agreement, either or both of them elect to receive Exchangeable Shares;

AND WHEREAS the Articles of the Corporation set forth the special rights and restrictions (the “Exchangeable Share Provisions”) attaching to the Exchangeable Shares;

AND WHEREAS, the Parent and the Corporation desire to make appropriate provision and to establish a procedure whereby Parent shall take certain actions and make certain payments and deliveries necessary to ensure that the Corporation will be able to make certain payments and, in certain situations, to deliver or cause to be delivered common shares of the Parent (the “Parent Shares”) in satisfaction of the obligations of the Corporation under the Exchangeable Share Provisions;

NOW THEREFORE in consideration of the respective covenants and agreements provided in this Agreement and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties agree as follows:

Article 1 - DEFINITIONS AND INTERPRETATION

1.1 Definitions. Each term denoted herein by initial capital letters and not otherwise defined herein shall have the meaning ascribed thereto in the Exchangeable Share Provisions or the Merger Agreement unless the context requires otherwise.

1.2 Headings. The division of this Agreement into articles, sections and paragraphs and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement.

1.3 Number, Gender, etc. Words importing the singular number only shall include the plural and vice versa. Words importing the use of any gender shall include all genders.

1.4 Date for Any Action. If any date on which any action is required to be taken under this Agreement is not a Business Day, such action shall be required to be taken on the next succeeding Business Day.

Article 2 - COVENANTS OF PARENT

2.1 Covenants of Parent Regarding Exchangeable Shares not owned by Parent or its Subsidiaries. So long as any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding Parent shall:

(a) take all such actions and do all such things as are necessary or desirable to enable and permit the Corporation, in accordance with applicable Law, to perform its obligations with respect to the satisfaction of the Liquidation Amount in respect of each issued and outstanding Exchangeable Share upon the liquidation, dissolution or winding-up of the Corporation, including without limitation all such actions and all such things as are necessary or desirable to enable and permit the Corporation to cause to be delivered Parent Shares to the holders of Exchangeable Shares, as required by the provisions of Article 28.4 of the Exchangeable Share Provisions;

(b) take all such actions and do all such things as are necessary or desirable to enable and permit the Corporation, in accordance with applicable Law, to perform its obligations with respect to the satisfaction of the Retraction Price, including without limitation all such actions and all such things as are necessary or desirable to enable and permit the Corporation to cause to be delivered Parent Shares to the holders of Exchangeable Shares, as required by the provisions of Article 28.5 of the Exchangeable Share Provisions;

(c) take all such actions and do all such things as are necessary or desirable to enable and permit the Corporation, in accordance with applicable Law, to perform its obligations with respect to the satisfaction of the Redemption Price, including without limitation all such actions and all such things as are necessary or desirable to enable and permit the Corporation to cause to be delivered Parent Shares to the holders of Exchangeable Shares, as required by the provisions of Article 28.6 of the Exchangeable Share Provisions;

(d) not exercise its vote as a shareholder of the Corporation, nor allow any direct or indirect Subsidiary of the Parent to exercise its own vote as a shareholder of the Corporation, to initiate the voluntary liquidation, dissolution or winding-up of the Corporation nor take any action or omit to take any action that is designed to result in the liquidation, dissolution or winding-up of the Corporation;

(e) not declare or pay any dividend on Parent Shares unless the Corporation will and can declare an equivalent dividend on the Exchangeable Shares; and

(f) advise the Corporation sufficiently in advance of the declaration by Parent of a dividend or of Parent’s intent to declare any dividend on the Parent Shares and take all such other actions as are reasonably necessary, in co-operation with the Corporation, to ensure that the respective declaration date, record date and payment date for a dividend on the Exchangeable Shares shall be the same as the declaration date, record date and payment date for the corresponding dividend on the Parent Shares.

2.2 Provision of Funds. Parent shall, so long as any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding: (a) provide the Corporation with sufficient funds, assets or other property as is necessary to enable the Corporation to pay or otherwise satisfy its obligations under the Exchangeable Share Provisions; and (b) cause the Corporation to deposit such funds in a separate account of the Corporation, and segregate such assets and property, and use such funds, assets and property solely to satisfy the Corporation’s obligations under the Exchangeable Share Provisions for the benefit of holders from time to time of the Exchangeable Shares.

2.3 Reservation of Parent Shares. Parent hereby represents, warrants and covenants that it has reserved for issuance and shall at all times keep available, free from pre-emptive and other rights, out of its authorized and unissued capital stock such number of Parent Shares (or other securities into which the Parent Shares may be reclassified or changed as contemplated by the Exchangeable Share Provisions) (a) as is equal to the number of Exchangeable Shares issued and outstanding from time to time; and (b) as are now and may hereafter be required to enable and permit Parent to meet its obligations under the Exchangeable Share Provisions and under any other security or commitment pursuant to which Parent may now or hereafter be required to issue Parent Shares.

2

2.4 Notification of Certain Events. In order to assist Parent to comply with its obligations under this Agreement and the Exchangeable Share Provisions, the Corporation shall give Parent notice immediately upon the occurrence of each of the following events at the time set forth below:

(a) upon the earlier of (i) receipt by the Corporation of notice of, and (ii) the Corporation otherwise becoming aware of, any threatened or instituted claim, suit, petition or other proceedings with respect to the involuntary liquidation, dissolution or winding up of the Corporation or to effect any other distribution of the assets of the Corporation among its shareholders for the purpose of winding up its affairs;

(b) upon the Corporation determining that it will exercise its rights of redemption pursuant to 28.6 of the Share Provisions; or

(c) upon receipt by the Corporation of a Retraction Request delivered by a holder of Exchangeable Shares.

2.5 Delivery of Parent Shares. In furtherance of its obligations hereunder, upon notice of any event which requires the Corporation to cause to be delivered Parent Shares to any holder of Exchangeable Shares, Parent shall forthwith issue and deliver the requisite number of Parent Shares to the Transfer Agent for delivery to or to the order of the former holder of the surrendered Exchangeable Shares, as the Corporation shall direct. All such Parent Shares shall, when issued and delivered against the surrender of the applicable surrender documents, be duly issued, fully paid and non-assessable, and shall be free and clear of any lien, claim, encumbrance, security interest or adverse claim.

2.6 Tender Offers, Etc. In the event that a tender offer, share exchange offer, issuer bid, take-over bid or similar transaction (which for this purpose is deemed to include the sale of Parent’s business) with respect to Parent Shares (an “Offer”) is proposed by Parent or is proposed to Parent or its shareholders and is recommended by the Board of Directors of Parent, or is otherwise effected or to be effected with the consent or approval of the Board of Directors of Parent, while any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding, Parent shall use all commercially reasonable efforts in good faith to take all such actions and do all such things as are necessary and reasonably within its power to enable and permit holders of Exchangeable Shares to participate in such Offer to the same extent and on an economically equivalent basis as the holders of Parent Shares, without discrimination. Parent may discharge this obligation by using its best efforts to ensure that holders of Exchangeable Shares may participate in all such Offers without being required to retract Exchangeable Shares as against the Corporation, or ensuring that any such retraction shall be effective only upon, and shall be conditional upon, the closing of the Offer and only to the extent necessary to tender or deposit to the Offer.

2.7 Ownership of Outstanding Shares. Without the prior approval of the Corporation and the prior approval of the holders of the Exchangeable Shares given in accordance with Article 28.8(2) of the Exchangeable Share Provisions, while any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding, Parent, or any successor of Parent by way of merger, consolidation or purchase of all or substantially all of the assets of Parent, shall be and shall remain the direct or indirect beneficial owner of all issued and outstanding shares in the capital of Corporation and all outstanding securities of the Corporation carrying or otherwise entitled to voting rights in any circumstances, in each case other than the Exchangeable Shares.

3

2.8 Due Performance. Parent shall duly and timely perform all of its obligations provided for in the Exchangeable Share Provisions, including any obligations that may arise upon the exercise of Parent’s rights under the Exchangeable Share Provisions.

2.9 Notice of Certain Events. If Parent shall cause the reclassification or other change of the Parent Shares or the consummation of an amalgamation, merger, reorganization or other transaction affecting the Parent Shares, while any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding, then Parent will ensure that the record date for any such event or, if no record date is applicable for the event, the effective date for that event, is not less than five (5) Business Days after the date on which that event is declared or announced by Parent (with contemporaneous notification by Parent to the Corporation).

2.10 Parent and Subsidiaries Not to Vote Exchangeable Shares. Parent covenants and agrees that it will appoint and cause to be appointed proxyholders with respect to all Exchangeable Shares held by it and its Subsidiaries for the purpose of attending each meeting of holders of Exchangeable Shares in order to be counted as part of the quorum for each meeting. While any Exchangeable Shares, other than those that are held by Parent or its Subsidiaries, are outstanding, Parent further covenants and agrees that it will not, and will cause its Subsidiaries not to, exercise any voting rights which may be exercisable by holders of Exchangeable Shares from time to time pursuant to the Exchangeable Share Provisions or pursuant to the provisions of the Business Corporations Act (British Columbia) (or any successor or other corporate statute by which the Corporation may in the future be governed) with respect to any Exchangeable Shares held by it or by its Subsidiaries in respect of any matter considered at any meeting of holders of Exchangeable Shares.

2.11 So long as any Exchangeable Shares not owned by Parent or its Subsidiaries are outstanding:

(a) Parent will not without prior approval of the Corporation and the prior approval of the holders of the Exchangeable Shares given in accordance with the Exchangeable Share Provisions:

(i) issue or distribute Parent Shares (or securities exchangeable for or convertible into or carrying rights to acquire Parent Shares) to the holders of all or substantially all of the then outstanding Parent Shares by way of stock dividend or other distribution, other than an issue of Parent Shares (or securities exchangeable for or convertible into or carrying rights to acquire Parent Shares) to holders of Parent Shares who exercise an option to receive dividends in Parent Shares (or securities exchangeable for or convertible into or carrying rights to acquire Parent Shares) in lieu of receiving cash dividends; or

(ii) issue or distribute rights, options or warrants or other property to the holders of all or substantially all of the then outstanding Parent Shares entitling them to subscribe for or to purchase Parent Shares (or securities exchangeable for or convertible into or carrying rights to acquire Parent Shares);

unless the economic equivalent on a per share basis of such rights, options, securities, shares, or other property is issued or distributed simultaneously to holders of the Exchangeable Shares; provided that, for greater certainty, the above restrictions shall not apply to any securities issued or distributed by Parent in order to give effect to and to consummate the transactions contemplated by, and in accordance with, the Merger Agreement (including, for greater certainty, any transactions involving the assumption and amendment of the Pentwater Loan); and

4

(b) Parent will not without the prior approval of the Corporation and the prior approval of the holders of the Exchangeable Shares given in accordance with Article 28.8(2) of the Exchangeable Share Provisions:

(i) subdivide, redivide or change the then outstanding Parent  Shares into a greater number of Parent  Shares;

(ii) reduce, combine, consolidate or change the then outstanding Parent Shares into a lesser number of Parent Shares; or

(iii) reclassify or otherwise change Parent Shares or effect an amalgamation, merger, reorganization or other transaction affecting Parent Shares,

unless the same or an economically equivalent change shall simultaneously be made to, or in the rights of the holders of, the Exchangeable Shares.

And in all such events described in this Section 2.11, Parent and the Corporation shall, in rendering a fully informed decision, take into account the general taxation consequences of the relevant event to holders of Exchangeable Shares in particular to the extent that such consequences may differ from the taxation consequences to holders of Parent Shares as a result of differences between taxation laws of Canada and the United States (except for any differing consequences arising as a result of differing marginal taxation rates and without regard to the individual circumstances of holders of Exchangeable Shares) and shall take steps to ensure that, if commercially reasonable, whatever action is undertaken to protect the rights of the holders of Exchangeable Shares does not have a material adverse Canadian tax consequence to such holders.

Article 3 - GENERAL

3.1 Term. This Agreement shall come into force and be effective as of the date hereof and shall terminate and be of no further force and effect at such time as no Exchangeable Shares (or securities or rights convertible into or exchangeable for or carrying rights to acquire Exchangeable Shares) are held by any party other than Parent and its Subsidiaries.

3.2 Severability. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality or enforceability of the remainder of this Agreement shall not in any way be affected or impaired thereby and this Agreement shall be carried out as nearly as possible in accordance with its original terms and conditions.

3.3 Amendments, Modifications, Etc. This Agreement may not be amended or modified except by an agreement in writing executed by the Corporation and Parent and approved by the holders of the Exchangeable Shares in accordance with Article 28.8(2) of the Exchangeable Share Provisions.

3.4 Permitted Amendments. Notwithstanding the provisions of Section 3.3, the parties to this Agreement may in writing, at any time and from time to time, without the approval of the holders of the Exchangeable Shares, amend or modify this Agreement for the purposes of:

(a) adding to the covenants of any of the parties for the protection of the holders of the Exchangeable Shares; or

5

(b) making such changes or corrections which, on the advice of counsel to the Corporation or Parent, such advice being reviewed and agreed to by counsel to the holders of Exchangeable Shares, are required for the purpose of curing or correcting any ambiguity or defect or inconsistent provision or clerical omission or mistake of manifest error, provided that such counsel and the Boards of Directors of each of the Corporation and Parent shall be of the opinion that such changes or corrections will not be prejudicial to the interests of the holders of Exchangeable Shares.

3.5 Meeting to Consider Amendments. The Corporation, at the request of Parent, shall call a meeting or meetings of the holders of the Exchangeable Shares for the purpose of considering any proposed amendment or modification requiring approval pursuant to Section 3.3 hereof. Any such meeting or meetings shall be called and held in accordance with the articles of the Corporation, the Exchangeable Share Provisions and all applicable laws.

3.6 Amendments Only in Writing. No amendment to or modification or waiver of any of the provisions of this Agreement otherwise permitted hereunder shall be effective unless made in writing and signed by the parties hereto.

3.7 Successor and Assigns. This Agreement shall be for the benefit of and be binding upon the parties hereto and their respective successors and assigns.

3.8 Notices to Parties. All notices and other communications between the parties shall be in writing and shall be deemed to have been given if delivered personally or by email to the parties at the following addresses (or at such other address for either such party as shall be specified in like notice):

if to Parent or the Corporation at:

Premier Exhibitions, Inc.

Suite 900, 3340 Peachtree Road N.E.

Atlanta, Georgia 30326

USA

Attention:	Chief Executive Officer
Facsimile:	(404) 842 2626
Email:	ssw2660@comcast.net

with a copy to:

Thompson Hine LLP (Cleveland)

3900 Key Center

127 Public Square

Cleveland, Ohio 44114-1291

USA

Attention:	Derek Bork
Facsimile:	(216) 566 5800
Email:	Derek.Bork@ThompsonHine.com

and with a copy to:

Gowling Lafleur Henderson LLP

550 Burrard Street

Suite 2300

6

Bentall 5

Vancouver, British Columbia V6C 2B5

Canada

Attention:	Cyndi Laval
Facsimile:	(604) 443 5629
Email:	cyndi.laval@gowlings.com

Any notice or other communication given personally shall be deemed to have been given and received upon delivery thereof and if given by email shall be deemed to have been given and received on the date of confirmed receipt thereof unless such day is not a Business Day in which case it shall be deemed to have been given and received upon the immediately following Business Day.

3.9 Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein. Parent agrees that any action or proceeding arising out of or relating to this Agreement may be instituted in the courts of British Columbia, waives any objection which it may have now or hereafter to the venue of any such action or proceeding, irrevocably submits to the jurisdiction of the said courts in any such action or proceeding, agrees to be bound by any judgment of the said courts and not to seek, and hereby waives, any review of the merits of any such judgment by the courts of any other jurisdiction and hereby appoints the Corporation at its registered office in the Province of British Columbia as Parent’s attorney for service of process.

[The rest of this page is intentionally left blank.]

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3.10 Counterparts. This Agreement may be executed in one or more electronic counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

Premier Exhibitions, Inc.
By:
	Name:
	Title:

1032403 B.C. Ltd.
By:
	Name:
	Title:

[SIGNATURE PAGE TO SUPPORT AGREEMENT DATED ___________]

8

EX-10.2

Exhibit 10.2

premier exhibitions, inc.

and

daoping bao

and

nancy brenner

SUCCESS PAYMENT agreement

April 2, 2015

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia
V6C 3R8

success PAYMENT agreement

MEMORANDUM OF AGREEMENT made as of the 2^nd day of April, 2015.

AMONG:

PREMIER EXHIBITIONS, INC., a corporation existing under the laws of the State of Florida

(“Premier”)

AND:

DAOPING BAO, businessperson residing in Surrey, British Columbia

(“Bao”)

AND:

NANCY BRENNER, businessperson residing in Surrey, British Columbia

(“Brenner” and collectively with Bao, the “DK Shareholders” and collectively with Premier the “Parties”)

WHEREAS each of Premier, Bao, Brenner, Dinoking Tech Inc. (“DK”) and 1032403 B.C. Ltd. (“ExchangeCo”), immediately before the entering into of this agreement, entered into a Merger Agreement dated April 2, 2015 (the “ Merger Agreement”) under which ExchangeCo acquired all of the securities of DK;

WHEREAS under the Merger Agreement the DK Shareholders sold their respective shares of DK to ExchangeCo in exchange for Premier Shares and/or Exchangeable Shares exchangeable for Premier Shares;

WHEREAS each of the DK Shareholders and Premier has agreed that DK has been working to obtain rights in respect of certain potential future assets which have value (the “Future Rights”);

WHEREAS the DK Shareholders will continue to work to obtain such Future Rights;

WHEREAS if obtained after the date of Closing (as defined below), the value of such Future Rights will be for the benefit of the Premier corporate group;

WHEREAS each of the DK Shareholders and Premier has agreed that the value of the Future Rights, if obtained, is equal to $8,562,714 (the “Value”), which is more particularly as follows:

$4,281,357 representing 50% of the Value (the “Cedar Fair Value”)

$1,712,543 representing 20% of the Value (the “Macau Signing Value”)

$2,568,814 representing 30% of the Value (the “Macau Opening Value”)

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WHEREAS the Value has been calculated as the difference between $14,990,272 million and the number of Premier Shares and/or Exchangeable Shares issued or issuable to the DK Shareholders under the Merger Agreement multiplied by $4.48;

WHEREAS Premier has agreed that if as of the Closing (as defined below), the Future Rights have been obtained by DK or a subsidiary of DK, it is appropriate for there to be an increase in either or both of the Exchangeco Exchange Ratio or the Premier Exchange Ratio under the Merger Agreement, such that the DK Shareholders will receive a greater number of Premier Shares or Exchangeable Shares (as the case may be) in exchange for their DK Shares based on the Exchange Ratio Adjustment Formula; and

WHEREAS Premier has agreed that if and when, after Closing (as defined below), the Future Rights are obtained by the Premier corporate group, the DK Shareholders should be compensated therefor in the amount of the Cedar Fair Signing Value if a Cedar Fair Triggering Event (as defined below) occurs on or after Closing, in the amount of the Macau Signing Value if a Macau Signing Triggering Event (as defined below) occurs on or after Closing, and/or in the amount of the Macau Opening Value if a Macau Opening Triggering Event (as defined below) occurs on or after Closing.

THIS AGREEMENT WITNESSETH THAT in consideration of the respective covenants and agreements herein contained and for other good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each Party), the Parties hereby covenant and agree as follows:

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1.0         INTERPRETATION

1.1         Definitions

In this Agreement, unless there is something in the subject matter or context inconsistent therewith, the following terms shall have the following meanings respectively:

“Business Day” means any day on which commercial banks are open for business in Vancouver, British Columbia and Atlanta, Georgia and other than a Saturday, a Sunday or a day observed as a holiday in Vancouver, British Columbia under the laws of the Province of British Columbia or the federal laws of Canada, or in Atlanta, Georgia under the laws of the State of Georgia or the federal laws of the United States of America.

“Cedar Fair Agreement” means any new agreement or any agreement relating to the replacement, amendment, restatement, renewal or extension of that certain agreement between DK and Cedar Fair, L.P.

“Cedar Fair Triggering Event” the execution of the Cedar Fair Agreement by DK or a subsidiary of DK and Cedar Fair, L. P.

“Closing” means the effective time on the date upon which the transactions contemplated in the Merger Agreement occur;

“DK Shareholder Percentage”

i. in respect of Bao means 87.5%; and

ii. in respect of Brenner means12.5%,

in each case, of each and every amount payable by Premier hereunder.

“DK Shareholders” has the meaning set out above.

“Macau Agreement” means a proposed joint venture agreement among a newly formed subsidiary of DK, and a subsidiary of Macau Legend Development Limited relating to the cultural, exhibition and entertainment business activities and related operational and management matters, including a proposed dinosaur exhibition project.

“Macau Signing Triggering Event” means the execution of the Macau Agreement by DK, or a newly formed subsidiary of DK, and a subsidiary of Macau Legend Development Limited

“Macau Opening” means the opening of the business under the Macau Agreement.

“Macau Opening Triggering Event” means the opening of a Macau exhibit pursuant to the Macau Agreement.

All other capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Merger Agreement.

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1.2         Interpretation Not Affected by Headings, etc.

The division of this Agreement into sections and other portions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation hereof. Unless otherwise indicated, all references in this Agreement to a “Section” followed by a number and/or a letter refer to the specified section of this Agreement, and all references in this Agreement to an Appendix or Exhibit followed by a letter refer to the specified Appendix or Exhibit to this Agreement. Unless otherwise indicated, the terms “this Agreement”, “hereof”, “herein”, “hereunder” and “hereby” and similar expressions refer to this Agreement (including the Appendices and Exhibits hereto), as amended or supplemented from time to time pursuant to the applicable provisions hereof, and not to any particular section or other portion hereof.

1.3         Currency

Unless otherwise indicated, all sums of money referred to in this Agreement are expressed in lawful money of the United States of America.

1.4         Number, etc.

Unless the context otherwise requires, words importing the singular shall include the plural and vice versa and words importing any gender shall include all genders.

1.5         Date For Any Action

In the event that any date on which any action is required to be taken hereunder by any of the Parties is not a Business Day, such action shall be required to be taken on the next succeeding day which is a Business Day.

1.6         Entire Agreement

This Agreement and the agreements and other documents referred to herein constitute the entire agreement between the Parties with respect to the payment of the Value, and other transactions contemplated hereby and supersede all other prior agreements, understandings, negotiations and discussions, whether oral or written, between the Parties with respect thereto.

1.7         Construction

In this Agreement, unless otherwise indicated:

(a) the words “include”, “including” or “in particular”, when following any general term or statement, shall not be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather as permitting the general term or statement to refer to all other items or matters that could reasonably fall within the broadest possible scope of the general term or statement;

(b) a reference to a statute means that statute, as amended and in effect as of the date of this Agreement, and includes each and every regulation and rule made thereunder and in effect as of the date hereof;

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(c) a reference to an “approval”, “authorization”, “consent”, “designation”, “notice” or “agreement” means an approval, authorization, consent, designation, notice or agreement, as the case may be, in writing, signed by an authorized representative of the party or parties thereto;

(d) the phrase “ordinary course of business”, or any variation thereof, of any person refers to the business of such person, carried on in the regular and ordinary course including commercially reasonable and businesslike actions that are in the regular and ordinary course of business for such person consistent with the past practices of such person;

(e) where a word, term or phrase is defined, its derivatives or other grammatical forms have a corresponding meaning; and

(f) time is of the essence.

2.0         TRIGGERING EVENTS AND PAYMENTS

2.1         Cedar Fair Agreement

2.1.1      If a Cedar Fair Trigger Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier shall within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option to obtain the Cedar Fair Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Cedar Fair Triggering Event:

(a) if so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder Percentage of that number of Premier Shares (on a fully paid and non-assessable basis) equal to the quotient obtained by dividing the Cedar Fair Value by (i) the lower of $5.15 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Cedar Fair Triggering Event; or

(b) if so elected, deliver to the DK Shareholder who so elects into such account or to such payee as such DK Shareholder has specified in the notification, in certified funds or by wire transfer, their respective DK Shareholder Percentage of $4,281,357, being the Cedar Fair Value,

provided, however if the total gross revenue value of the Cedar Fair Agreement is less than $3 million then no payment or share issuance will be owed to the DK Shareholders pursuant to this Section 2.1.1.

2.2         Macau Agreement

2.2.1      If a Macau Signing Triggering Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier shall within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option to obtain the Macau Signing Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Macau Signing Triggering Event:

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(a) if so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder Percentage of that number of Premier Shares (on a fully paid and non-assessable basis) equal to the quotient obtained by dividing the Macau Signing Value by (i) the lower of $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Macau Signing Triggering Event; or

(b) if so elected, deliver to the DK Shareholder who so elects into such account or to such payee as such DK Shareholder has specified in the notification, in certified funds or by wire transfer, their respective DK Shareholder Percentage of $1,712,543, being the Macau Signing Value.

2.2.2       If a Macau Opening Triggering Event occurs after Closing that shall trigger a right to payment on the part of the DK Shareholders. Premier shall within two (2) business days after the date on which a notice is delivered by the DK Shareholder electing at its option to obtain the Macau Opening Value in Premier Shares or cash, as elected, which date must not be prior to the date of the Macau Opening Triggering Event:

(a) if so elected, allot and issue to the DK Shareholder who so elects their respective DK Shareholder Percentage of that number of Premier Shares (on a fully paid and non-assessable basis) equal to the quotient obtained by dividing the Macau Opening Value by (i) the lower of $8.96 and (ii) the VWAP of the Premier Shares for the 60 day period ending immediately prior to the date of the Macau Opening Triggering Event; or

(b) if so elected, deliver to the DK Shareholder who so elects into such account or to such payee as such DK Shareholder has specified in the notification, in certified funds or by wire transfer, their respective DK Shareholder Percentage $2,568,814 being the Macau Opening Value,

provided however, if the Macau Opening occurs later than June 30, 2018 then no payment or share issuance will be owed to DK Shareholders pursuant to this Section 2.2.2.

2.3         Registration of Shares

2.3.1      Premier shall register the Premier Shares (if any) issued under this Section 2.0,

(a) in respect of Bao, Daoping Bao;

(b) in respect of Brenner, Nancy Brenner.

3.0         GENERAL

3.1         Notices

All notices and other communications which may or are required to be given pursuant to any provision of this Agreement shall be given or made in writing and shall be deemed to be validly given if served personally or by telecopy, in each case addressed to the particular Party at:

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(a) If to Premier:

Premier Exhibitions, Inc.
Suite 900, 3340 Peachtree Road N.E.
Atlanta, Georgia 30326
USA

Attention:         Chief Executive Officer
Facsimile:        (404) 842-2626

with a copy to:

Thompson Hine LLP (Cleveland)
3900 Key Center
127 Public Square
Cleveland, Ohio 44114-1291
USA

Attention:         Derek Bork
Facsimile:        (216) 566-5800

(b) If to Bao:

5790 126A Street
Surrey, British Columbia V6W 1K9
Canada

Attention:         Daoping Bao
Facsimile:        (604) 277-1617

with a copy to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada

Attention:         Catherine Wade
Facsimile:        (604) 683-5214

(c) If to Brenner:

18 - 1828 Lilac Drive
Surrey, British Columbia V4A 5C9
Canada

Attention:         Nancy Brenner
Facsimile:        (604) 277-1617

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with a copy to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada

Attention:         Catherine Wade
Facsimile:        (604) 683-5214

or at such other address of which any Party may, from time to time, advise the other Parties by notice in writing given in accordance with the foregoing. The date of receipt of any such notice shall be deemed to be the date of delivery or telecopying thereof.

3.2         Assignment

Each of the DK Shareholders may assign its rights or obligations under this Agreement with the consent of Premier, such consent not to be unreasonably withheld, delayed or conditioned. Premier may not, without the prior written consent of each of the DK Shareholders (which consent may be arbitrarily withheld) assign its rights or obligations under this Agreement.

3.3         Binding Effect

This Agreement and the Arrangement shall be binding upon and shall enure to the benefit of the Parties and their respective successors.

3.4         Waiver and Modification

The DK Shareholders and Premier may waive or consent to the modification of the provisions hereof, in whole or in part, and may waive or consent to the modification of any of the covenants herein contained for their respective benefit or waiver or consent to the modification of any of the obligations of the other Parties. Any waiver or consent to the modification of any of the provisions of this Agreement, to be effective, must be in writing executed by the Party granting such waiver or consent.

3.5         Further Assurances

Each Party shall, from time to time, and at all times hereafter, at the request of the other Parties, but without further consideration, do all such further acts and things and execute and deliver all such further documents and instruments as shall be reasonably required in order to fully perform and carry out the terms and intent hereof.

3.6         Governing Laws

This Agreement shall be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein and shall be treated in all respects as a British Columbia contract.

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3.7         Severability

If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the Parties shall in such event negotiate in good faith to modify the Agreement to preserve each Party’s anticipated benefits under this Agreement.

3.8         Counterparts

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

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IN WITNESS WHEREOF the Parties hereto have executed this Agreement as of the date first written above.

PREMIER EXHIBITIONS, INC.

By:	/s/ Mark A. Sellers
	Authorized Signatory

Signed in the presence of:	)
	)
	)
/s/ witness	)	/s/ Daoping Bao
Witness	)	DAOPING BAO

Signed in the presence of:	)
	)
	)
/s/ witness	)	/s/ Nancy Brenner
Witness	)	NANCY BRENNER

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EX-10.3

Exhibit 10.3

FORM OF CORPORATE GOVERNANCE AGREEMENT

CORPORATE GOVERNANCE AGREEMENT, dated as of [____] (this “Agreement”), by and among PREMIER EXHIBITIONS, INC. (“Premier”), DAOPING BAO (“Bao”) and NANCY BRENNER (“Brenner”, together with Bao and those persons who become shareholders of Premier as a result of the conversion of the Amended and Restated Promissory Note of Premier dated April 2, 2015 and their Permitted Transferees, the “DK Group”).

WHEREAS in connection with the transactions pursuant to the merger agreement entered into among, inter alia, Premier, Bao and Brenner on April 2, 2015 (the “Merger Agreement”), Premier and the DK Group desire to enter into this Agreement setting forth certain rights and obligations with respect to the nomination of directors to the Board of Directors of Premier (the “Board”) and board of directors of Premier Subsidiaries, appointment of the Executive Chairman of the Board and Chief Executive Officer of Premier and similar positions at Premier Subsidiaries at other related matters.

NOW THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

1.0          Definitions

All capitalized terms used but not defined herein have the meanings ascribed to them in the Merger Agreement, other than as the following terms that shall have the meanings ascribed to them below:

“Affiliate” means, with respect to a specified Person, any Person that directly or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the Person specified. For purposes of this definition, “control” (including the terms “controlling,” “controlled by” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

“Board” has the meaning ascribed to that term in the Recital above.

“Bylaws” means the Amended and Restated Bylaws of Premier, as in effect on the date hereof, as may be amended from time to time.

“Exchangeable Shares” means the non-voting exchangeable shares in the capital of 1032403 B.C. Ltd. held by Bao and Brenner from time to time.

“Merger Agreement” has the meaning ascribed to that term in the Recital above.

“Permitted Transferee” shall mean, with respect to any Former DK Shareholder, (i) a Former DK Shareholder’s Affiliate, and (ii) a trust of which such DK Group is a trustee or is a beneficiary.

“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, trust or other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

“Premier Merger Shares” means the two separate classes of shares of Premier one class to be issued to Bao and one class to Brenner on the Effective Date each class having attached thereto voting rights equivalent to the number of Premier Shares into which the Exchangeable Shares held by each of Bao and Brenner (from time to time) are exchangeable (from time to time).

“Premier Shares” means the shares of common stock with a par value of $0.0001 of Premier.

Unless the context otherwise requires, words importing the singular shall include the plural and vice versa and words importing any gender shall include all genders.

2.0          Board Number; Board Nomination

2.1           The Board is currently composed of seven members.

2.2           The DK Group shall have the right (but not the obligation) to nominate:

2.2.1        so long as the Board consists of seven members, up to four directors to the Board;

2.2.2        if the Board consists of more or less than seven members, such lesser or higher number as will be equal to at least 47% of the number of directors at any particular time (the “Nominees”) for appointment to the Board; and

2.2.3        if the DK Group has a combination or rights to direct the votes attached to Premier Merger Shares and the Premier Shares, representing in the aggregate between 30% and 10% of all of the voting rights with respect to the election of directors of Premier attached to the Premier Merger Shares and the Premier Shares, Nominees representing up to 30% of the Nominees for appointment to the Board.

2.3           If the DK Group has a combination of rights to direct the votes of the Premier Merger Shares and Premier Shares representing in the aggregate less than 10% of the aggregate voting rights with respect to the election of directors of Premier it shall no longer be entitled to present Nominees for appointment to the Board.

2.4           If the DK Group provide notice to the Board of Directors of Premier prior to the closing of the Merger setting out the proposed Nominees to be appointed on the date of closing of the Merger, the Board of Directors of Premier, consistent with Section 2.2, shall appoint such Nominees to the Board effective as of the Effective Date of the Merger.

2.5           Premier shall include, and shall use its best efforts to cause the Board, whether acting through the Corporate Governance and Nominating Committee of the Board (“Committee”) or otherwise, to include those nominees of the DK Group the (“DK Group Nominees”) on the slate of nominees recommended to shareholders of Premier (the “Shareholders”) for election as a directors at any annual or special meeting of the Shareholders at or by which directors of Premier are to be elected (or, if permitted, by written consent of the Shareholders).

2.6           In the event that the Former DK Group has named less than four DK Group Nominees, then the DK Group shall have the right, at any time, to name such additional nominees up to a maximum of four, subject to Section 2.2.

2.7           Vacancies arising through the death, resignation of any DK Group’s’ Nominee may only be filled by the Board with an individual named by the DK Group and to which the Committee has agreed.

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2.8           Premier shall use its best efforts to ensure that at all times the Board of Premier shall include up to four DK Group’s Nominees or such other number as provided herein, subject to Section 2.2. Each DK Group Nominee shall be considered the nominees recommend for election for the purpose of proxy solicitations by Premier, and Premier shall solicit proxies for each of such nominees to the same extent it does for any other nominees of Premier.

2.9           Notwithstanding the provisions of this Section 2.0, Premier shall not be required to comply with the obligations of Section 2.1 if the Committee determines that any such person named as a potential DK Group’s Nominee is not qualified under any applicable law, rule or regulation to serve as a director of Premier. The Committee shall provide to the DK Group written notice of its determination together with the grounds for such determination. In such an event, the DK Group shall be entitled to select another individual as a replacement nominee and Premier shall use its best efforts to cause such replacement nominee to be nominated as the DK Group Nominee at the same meeting (or, if permitted, pursuant to the same action by written consent of the Shareholders) at which the initial nominee was to be nominated. Other than with respect to the review of the Committee, Premier shall not have the right to object to any DK Group’s Nominee.

2.10         Premier shall notify the DK Group in writing at least 60 days prior to the date on which proxy materials are expected to be mailed by Premier in connection with an annual or special meeting of the Shareholders at which directors are to be elected. Premier shall provide the DK Group with a reasonable opportunity to review and provide comments on any portion of the proxy materials relating to the DK Group’ Nominees or the rights and obligations provided under this Agreement and to discuss any such comments with Premier. Premier shall notify the DK Group of any opposition from the Committee to the nomination of a DK Group Nominee sufficiently in advance of the date on which such proxy materials are to be mailed by so as to enable the DK Group to propose a replacement nominee.

2.11         The DK Group shall have the right, exercisable by delivering written notice to the Board, to designate a non-voting observer to attend any meetings of the Board (or committees thereof); provided, however, that the chairperson of such meeting shall have the right to cause any non-voting observer to leave any such meeting of the Board (or committee thereof) for such period as the chairperson of such meeting may specify. Notice of meetings of the Board (or committees thereof) shall be furnished to each non-voting observer no later than, and using the same form of communication as, notice of meetings of the Board are furnished to directors in accordance with the bylaws.

2.12         Upon termination of this Agreement, the DK Group shall, at the request of the Board, use its best efforts to cause the applicable DK Group Nominee to resign from the Board.

2.13         Subject to applicable legal requirements, the Bylaws and the Articles of Incorporation shall not be amended or replaced so that performance by Premier of this Agreement is negatively impacted.

3.0          Chairman of the board

3.1           The Board shall elect Bao as the executive chairman of the Board effective at the Effective Date .

4.0          President and chief executive officer

4.1           The Board shall appoint Bao as the president of Premier, who shall be the chief executive officer of Premier (and may also be given such title of office) effective at the Effective Date . The Board and Bao shall co-operate in good faith to enter into an employment agreement in respect of this position.

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5.0          Subsidiary

5.1           All provisions in Section 2.0 excepting only the approval of the Committee for any nominee put forward by the DK Group, shall apply, mutatis mutandis, to each Premier Subsidiary as directed in writing by the DK Group to Premier from time to time, such that the composition of the board of directors of those Premier Subsidiaries shall reflect the same pro rata composition as the Board provided in Section 2.0.

5.2           The board of directors of each Premier Subsidiary composed in accordance with Section 5.1 shall, upon written notice by the DK Group, elect Bao as the executive chairman of such board(s) of directors, and such board shall appoint Bao as the president and chief executive officer (if he is also given such title of office).

6.0          insurance; indemnification

6.1           During all periods that any of the DK Group’s Nominees or Bao (collectively, the “Insured Parties”) serve Premier or any Premier Subsidiary, Premier shall purchase and maintain directors’ and officers’ insurance with reputable insurance companies, and at coverage levels, customary for companies comparable in size and having a similar business risk profile as the Premier (the “Insurance”). Premier shall maintain the Insurance for a period of not less than six years from the date of the last Insured Party’s resignation or removal.

6.2           Promptly after the Effective Date , Premier shall enter into an indemnification agreement (an “Indemnification Agreement”), substantially in the form and content of Exhibit “A” hereto, with each Insured Party.

6.3           For as long as any of the Insured Parties holds office as director or officer of Premier or any Premier Subsidiary, Premier and each such Premier Subsidiary shall not amend, alter or repeal any right to indemnification or exculpation covering or benefiting any of the Insured Parties, including those rights contained herein, in the Indemnification Agreements and in the respective charter documents of Premier and any Premier Subsidiary, without express consent from the DK Group.

7.0          Miscellaneous

7.1           Effective Date

This Agreement shall become effective upon the Effective Date.

7.2           Governing Law

This Agreement and the rights and obligations of the parties hereto and the Persons subject hereto shall be governed by, and construed and interpreted in accordance with, the laws of the State of Florida, without giving effect to the choice of law principles thereof.

7.3           Enforcement

Each of the parties hereto agrees that in the event of a breach of any provision of this Agreement, the aggrieved party may elect to institute and prosecute proceedings in any court of competent jurisdiction to enforce specific performance or to enjoin the continuing breach of this Agreement. Such remedies, however, shall be cumulative and not exclusive, and shall be in addition to any other remedy which any party hereto may have.

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7.4           Jurisdiction

In any judicial proceeding involving any dispute, controversy or claim arising out of or relating to this Agreement, each of the parties hereto unconditionally accepts the non-exclusive jurisdiction and venue of any state or federal court located in the State of Florida and the appellate courts to which orders and judgments thereof may be appealed. In any such judicial proceeding, each of the parties hereto agrees that in addition to any method for the service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided pursuant to the directions in Section 7.7. EACH OF THE PARTIES HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT.

7.5           Successors and Assigns

Except as otherwise provided herein, the provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, legal representatives, successors and permitted assigns.

7.6           Entire Agreement

This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subject matter hereof and supersedes all prior oral or written (and all contemporaneous oral) agreements or understandings with respect to the subject matter hereof.

7.7           Notices

All notices, requests, demands, waivers, consents and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered personally, (b) mailed by certified or registered mail with postage prepaid, (c) sent by next-day or overnight mail or delivery with proof of receipt maintained or (d) sent by email or fax, to the following addresses (or to such other address as the party entitled to notice shall hereafter designate in accordance with the terms hereof):

(a)          If to Premier:

Premier Exhibitions, Inc.
Suite 900, 3340 Peachtree Road N.E.
Atlanta, Georgia 30326
USA

Attention:        Chief Executive Officer
Facsimile:         (404) 842-2626

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with a copy to:

Thompson Hine LLP (Cleveland)
3900 Key Center
127 Public Square
Cleveland, Ohio 44114-1291
USA

Attention:        Derek Bork

Email:                Derek.Bork@thompsonhine.com
Facsimile:         (216) 566-5800

(b)          If to Bao:

#110 – 11188 Featherstone Way
Richmond, British Columbia V6W 1K9
Canada

Attention:        Daoping Bao

Email:                daoping@dinosaursunearthed.com
Facsimile:         (604) 277-1617

with a copy to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada

Attention:        Catherine Wade

Email:                Catherine.wade@dentons.com
Facsimile:         (604) 683-5214

(c)          If to Brenner:

18 - 1828 Lilac Drive,

Surrey BC V4A 5C9
Canada

Attention:        Nancy Brenner

Email:                nancy@dinosaursunearthed.com
Facsimile:         (604) 277-1617

with a copy to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada

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Attention:        Catherine Wade

Email:                Catherine.wade@dentons.com
Facsimile:         (604) 683-5214

All such notices, requests, demands, waivers, consents and other communications shall be deemed to have been received by (w) if by personal delivery, on the day delivered, (x) if by certified or registered mail, on the fifth business day after the mailing thereof, (y) if by next-day or overnight mail or delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such delivery is confirmed.

7.8           Waiver

Waiver by any party hereto of any breach or default by the other party of any of the terms of this Agreement shall not operate as a waiver of any other breach or default, whether similar to or different from the breach or default waived. No waiver of any provision of this Agreement shall be implied from any course of dealing between the parties hereto or from any failure by either party to assert its or his or her rights hereunder on any occasion or series of occasions.

7.9           Counterparts

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

7.10         Headings

The headings in this Agreement are for the convenience of the parties only and shall not control or affect the meaning or construction of any provision hereof.

7.11         Invalidity of Provision

The invalidity or unenforceability of any provision of this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of this Agreement, including that provision, in any other jurisdiction.

7.12         Amendments and Waivers

The provisions of this Agreement may be amended at any time and from time to time, and particular provisions of this Agreement may be waived or modified, with and only with an agreement or consent in writing signed by each of the parties hereto.

7.13         Further Assurances

Each party hereto shall do and perform or cause to be done and performed all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments and documents as any other party hereto or Person subject hereto may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement. Premier shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, the DK Group being deprived of the rights contemplated by this Agreement.

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7.14         No Third-Party Beneficiaries

This Agreement is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies.

IN WITNESS WHEREOF this Agreement has been signed by each of the parties hereto, and shall be effective as of the date first above written.

PREMIER EXHIBITIONS, INC.

Per:
	Authorized Signatory

Signed in the presence of:	)
	)
	)
	)
Witness	)	DAOPING BAO

Signed in the presence of:	)
	)
	)
	)
Witness	)	NANCY BRENNER

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Exhibit “A”

Form of Indemnification Agreement

As attached.

INDEMNIFICATION AGREEMENT

This Indemnification Agreement (this “Agreement”), dated                                   , 20       , by and between PREMIER EXHIBITIONS, INC., a Florida corporation (the “Premier”), and                                    (“Nominee”).

WHEREAS:

A.            Indemnitee performs a valuable service to Premier and/or affiliate(s) of Premier (collectively, the “Company”) in his or her capacity as a director and/or officer of one or more of these entities;

B.            Premier has adopted provisions in its articles of incorporation (the “Articles”) providing for indemnification of its officers and directors,; and

C.            This Agreement is a supplement to the provisions of the Articles dealing with indemnities and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder and shall remain in place irrespective of the Articles.

NOW THEREFORE in consideration of the premises and the covenants contained herein, the parties hereto agree as follows:

1.0          INDEMNITY

1.1           General Scope: The Company shall indemnify the Nominee and the Nominee’s heirs, executors, administrators and personal representatives (collectively the “Indemnitees” and, individually, an “Indemnitee”) for all liabilities or obligations imposed upon or incurred by the Indemnitees at law, in equity or by, pursuant to or under any statute or regulation and all expenses (“Liability”) in relation to any claim, action, proceeding, investigation, or order whether civil, criminal or administrative and whether made or commenced by the Company, by an Associated Corporation or by any other person (collectively, or individually, a “Claim”) by reason of:

(a)           the Nominee being or having been a director, alternate director or officer of, or holding or having held a position equivalent to that of a director, alternate director or officer of, the Company or any Associated Corporation, or

(b)           any act or omission, whether or not negligent, of the Nominee acting as a director, alternate director or officer, or as a person in an equivalent position, of the Company or any Associated Corporation,

including without limitation, legal fees and disbursements and all other costs of investigation and defence incurred by the Indemnitees or any of them in relation to a Claim, whether or not any action or proceeding is commenced, and all amounts paid or payable by the Indemnitees or any of them, to settle a Claim or to satisfy a judgment, including without limitation the payment of interest and costs, or otherwise to discharge a Liability imposed or incurred.

1.2           Absolute Liability: Without limiting the generality of paragraph 2.1, the Company shall indemnify the Indemnitees against any Liability in relation to a Claim which is statutorily imposed on the Nominee.

1.3           Negligence: Without limiting the generality of paragraph 2.1, the Company shall indemnify the Indemnitees against any Liability in relation to a Claim arising from negligent conduct of the Nominee.

1.4           Actual Payment: The Company shall pay all amounts due to an Indemnitee under this Indemnity Agreement forthwith upon demand by the Indemnitee.

2.0          INDEMNITY RESTRICTED

Despite any other provision of this Indemnity Agreement, the Company is not obliged under this Indemnity Agreement to make any payment that is prohibited by applicable law, including, as at the date of this Indemnity Agreement, the Florida Business Corporation Act, or by court order in force at the date the payment must be made.

3.0          ADVANCE EXPENSES

Unless prohibited by applicable law or court order, the Company shall pay, as they are incurred, in advance of the final disposition of a Claim, the expenses actually and reasonably incurred by an Indemnitee in respect of the Claim provided that the Company shall not make such payments unless the Company first receives from the Indemnitee a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited by applicable law, the Indemnitee will repay the amounts advanced.

4.0          TAXABLE BENEFITS

Any indemnity payment made pursuant to this Indemnity Agreement shall be grossed up by the amount of any tax payable by the Indemnitee pursuant to the Income Tax Act (Canada) in respect of such payment.

5.0          ENFORCEMENT COSTS

5.1           Application to Court: If any payment by the Company under this Indemnity Agreement would be prohibited under paragraph 3 unless approved by a court, or if there shall be a disagreement between the Company and any Indemnitee as to whether or not an indemnification under this Indemnity Agreement would be prohibited under paragraph 3 unless approved by the court, the Company, at its own expense and in good faith, will promptly take proceedings to obtain that approval or such other appropriate determination. The Company shall indemnify the Indemnitees for the amount of all costs incurred by any or all of them in obtaining any court approval contemplated by this paragraph 6.1, including without limitation all legal fees and disbursements.

5.2           Independent Counsel: The Indemnitees, or any of them, may each retain their own independent legal counsel for the purpose set out in paragraph 6.1 or for any other purpose in relation to a Claim and the cost of such representation shall be considered a “Liability” to which this Indemnity Agreement applies.

5.3           No Presumption of Wrong Doing: The determination of any Claim, by adjudication, settlement, or otherwise, shall not, of itself, create any presumption for the purposes of this Indemnity Agreement that the Nominee did not act honestly and in good faith with a view to the best interests of the Company or an Associated Corporation, or, in the case of a criminal or administrative action or proceeding, that the Nominee did not have reasonable grounds for believing that his conduct was lawful, unless a judgment or order of the Court specifically finds otherwise.

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6.0          NOMINEE CEASING TO ACT

The Nominee may resign at any time as a director, alternate director and/or officer, or from an equivalent position, of the Company or any Associated Corporation. The obligations of the Company hereunder continue after and are not affected in any way by the Nominee ceasing to be a director, alternate director and/or officer, or to hold an equivalent position, of the Company or any Associated Corporation whether by resignation, removal, death, incapacity, disqualification under applicable law or otherwise.

7.0          RE-ELECTION

The obligations of the Company under this Indemnity Agreement continue after and are not affected in any way by the re-election or re-appointment from time to time of the Nominee as a director or officer, or to an equivalent position, of the Company or any of its Associated Corporations.

8.0          CONTINUING INDEMNITY

8.1           Other Compensation: The obligations of the Company under this Indemnity Agreement are not diminished or in any way affected by:

(a)           Financial Interest: the Nominee holding from time to time any direct or indirect financial interest in the Company, in an Associated Corporation or in a corporation otherwise related to the Company;

(b)           Salary/Compensation: payment by the Company, by an Associated Corporation, or by any corporation otherwise related to the Company, to the Nominee of director’s fees or any salary, wages or other compensation;

(c)           Interested Contracts: payment by the Company, by an Associated Corporation, or by any corporation otherwise related to the Company, to the Nominee or to any firm of which the Nominee is a partner, associate or employee, of any fees for services rendered;

(d)           D & O Insurance: any directors’ or officers’ liability insurance placed by or for the benefit of the Nominee by the Nominee, the Company, an Associated Corporation or any entity related to any of them; or

(e)           Other Indemnities: payment to the Nominee by any shareholder of the Company, an Associated Corporation or any corporation otherwise related to the Company, or by any other person pursuant to any other contract of indemnity.

8.2           Non Compliance with Constating Documents: The obligations of the Company under this Indemnity Agreement are not diminished, or in any way affected by the Nominee’s failure to comply with the provisions of the Florida Business Corporations Act or of the articles or by-laws of the Company.

8.3           Non Waiver: No waiver by the Nominee of any default or breach of any of the terms, covenants, conditions, or obligations of this Indemnity Agreement shall constitute a waiver by the Nominee of any prior, concurrent, or subsequent default or breach of the same, or any other term, covenant, condition, or obligation of the Company.

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9.0          REPORTING

9.1           Material Developments: The Company shall report promptly and regularly to the Nominee any material adverse change in the financial condition, business or property of the Company or any entity related to it and any event or circumstance known to the Company that may result, directly or indirectly, in any liability or obligation being imposed upon any Indemnitee.

9.2           Nominee Cooperation: The Nominee agrees to give notice to the Company within two business days of being served with any statement of claim, writ, notice of motion, indictment, or other documents commencing or continuing any Claim against the Nominee. The Nominee agrees to give the Company such information and cooperation as the Company may reasonably require from time to time in respect of all matters contemplated by this Indemnity Agreement.

9.3           Company Cooperation: The Company agrees to notify the Nominee in writing within two business days of being served with any statement of claim, writ, notice of motion, indictment, or other document commencing or continuing any Claim against the Nominee. The Company agrees to give the Nominee such information and cooperation as the Nominee may reasonably require from time to time in respect of all matters under this Indemnity Agreement.

10.0        Separability

Each of the provisions of this Agreement is a separate and distinct agreement and independent of the others, so that if any provision hereof shall be held to be invalid for any reason, such invalidity or unenforceability shall not affect the validity or enforceability of the other provisions hereof. Furthermore, if this Agreement shall be invalidated in its entirety on any ground, then the Company shall nevertheless indemnify Indemnitee to the fullest extent provided by the charter documents or any other applicable law.

11.0        Governing Law

This Agreement shall be governed by and its provisions construed in accordance with the laws of the State of Florida, without regard to the conflict of law principles thereof. The Company and Indemnitee each irrevocably consents to the jurisdiction of the courts of the State of Florida for all purposes in connection with any Proceeding which arises out of or relates to this Agreement and agree that any action instituted under this Agreement shall be brought only in the state courts of the State of Florida.

12.0        Amendment and Termination

No amendment, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by both parties hereto.

13.0        Identical Counterparts

This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute but one and the same Agreement. Only one such counterpart need be produced to evidence the existence of this Agreement.

14.0        Headings

The headings of the sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof.

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15.0        Notices

15.1         All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) delivered personally, (ii) mailed by certified or registered mail with postage prepaid, (iii) sent by next-day or overnight mail or delivery with proof of receipt maintained or (iv) sent by fax:

(a)           If to Indemnitee, at the address indicated on the signature page hereof.

(b)           If to the Company, to:

Premier Exhibitions, Inc.
Suite 900, 3340 Peachtree Road N.E.
Atlanta, Georgia 30326
USA

Attention:        Chief Executive Officer
Facsimile:         (404) 842-2626

or to such other address as the Company may have furnished to Indemnitee.

15.2         All such notices, requests, demands, waivers, consents and other communications shall be deemed to have been received by (w) if by personal delivery, on the day delivered, (x) if by certified or registered mail, on the fifth business day after the mailing thereof, (y) if by next day or overnight mail or delivery, on the day delivered, or (z) if by fax, on the day delivered, provided that such delivery is confirmed.

16.0        Merger

This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof, and supersedes any and all prior agreements and understandings between them with respect thereto; provided that the provisions hereof shall not supersede the provisions of the Company’s charter documents, any agreement by which the Company is bound, any vote of shareholders or directors of the Company, and any applicable law, to the extent any such provisions shall be more favorable to Indemnitee than the provisions hereof.

[Signatures to appear on the following page.]

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and year first above written.

PREMIER EXHIBITIONS, INC.

By:

Name:

Title:

INDEMNITEE

By:

Name:

Title:

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EX-10.4

Exhibit 10.4

SHAREHOLDER VOTING AGREEMENT

This SHAREHOLDER VOTING AGREEMENT (this “Agreement”), dated as of April 2, 2015, is entered into by and between the undersigned shareholder (“Shareholder”) of Premier Exhibitions , Inc., a Florida corporation (the “Company”), and Dinoking Tech, Inc., a company existing under the laws of the Province of British Columbia (“DK”).

A.           Contemporaneously with the execution of this Agreement, DK, the Company, 1032403 B.C. LTD., a company existing under the laws of the Province of British Columbia (“Exchangeco”), Daoping Bao, a businessperson residing in Richmond, British Columbia (“Bao”), and Nancy Brenner, a businessperson residing in Delta, British Columbia (“Brenner”), are entering into a Merger Agreement, dated as of the date hereof (as the same may be amended or modified after the date hereof, the “Merger Agreement”), providing, among other things, the acquisition of DK by the Company through the transfer and sale to the Company by the shareholders of DK of all the issued and outstanding capital stock of DK (as the same may be amended or modified after the date hereof, the “Merger”).

B.            As a condition of and inducement to DK’s willingness to enter into the Merger Agreement, DK has required that Shareholder enter into this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement and in the Merger Agreement, and intending to be legally bound hereby, the parties hereto agree as follows:

1.             Certain Definitions.

For the purposes of this Agreement, the following terms shall have the respective meanings ascribed to them in this Section 1.

“Acquisition Proposal” has the meaning set forth in the Merger Agreement.

“Additional Owned Shares” means all Shares and any other Equity Interests in the Company which are beneficially owned by Shareholder or any of its Affiliates and are acquired after the date hereof and prior to the termination of this Agreement.

“Affiliate” has the meaning set forth in the Merger Agreement.

“beneficial ownership” (and related terms such as “beneficially owned” or “beneficial owner”) has the meaning set forth in Rule 13d-3 under the Exchange Act.

“Business Day” has the meaning set forth in the Merger Agreement.

“Change of Recommendation” means the approval by the Company’s board of directors of a Superior Proposal in strict conformance with the Merger Agreement.

“Company” has the meaning assigned thereto in the recitals hereof.

“Company Shareholders Meeting” has the meaning assigned thereto in Section 2 hereof.

“Covered Shares” means the Owned Shares and Additional Owned Shares.

“Disclosed Owned Securities” has the meaning assigned thereto in Section 5(a) hereof.

“Encumbrances” has the meaning assigned thereto in Section 5(a) hereof.

“Effective Time” has the meaning set forth in the Merger Agreement.

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“Equity Interest” means (i) any Share, (ii) any other share, capital stock, partnership, limited liability company, membership or similar interest in any Person and (iii) any option, warrant, right or security (including debt securities) convertible, exchangeable or exercisable with respect thereto or therefor.

“Exchange Act” has the meaning set forth in the Merger Agreement.

“FBCA” means the Florida Business Corporations Act, as amended.

“Governmental Entity” has the meaning set forth in the Merger Agreement.

“Merger Agreement” has the meaning assigned thereto in the recitals hereof.

“Owned Shares” means all Shares and any other Equity Interests in the Company which are beneficially owned by Shareholder or any of its Affiliates as of the date hereof.

“Person” has the meaning set forth in the Merger Agreement.

“Premier Shareholders’ Resolution” has the meaning set forth in the Merger Agreement.

“Representatives” has the meaning assigned thereto in Section 3(b) hereof.

“Shares” means the Premier Shares as such term is defined in the Merger Agreement.

“Subsidiary” has the meaning set forth in the Merger Agreement.

“Superior Proposal” has the meaning set forth in the Merger Agreement.

“Takeover Law” means Sections 607.0901 and 607.0902 of the FBCA.

“Term” has the meaning assigned thereto in Section 6 hereof.

“Transactions” means the Merger and the other transactions contemplated by the Merger Agreement.

“Transfer” means, with respect to an Equity Interest, the transfer, pledge, hypothecation, encumbrance, assignment or other disposition (whether by sale, merger, consolidation, liquidation, dissolution, dividend, distribution or otherwise) of such Equity Interest or the beneficial ownership thereof, the offer to make such a transfer or other disposition, and each option, agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing. As a verb, “Transfer” shall have a correlative meaning.

2.            Shareholder Vote.

(a)           Voting Agreement. At any meeting of the shareholders of the Company, however called, or at any adjournment thereof, or in any other circumstance in which the vote, consent or other approval of the shareholders of the Company is sought as to a matter described in any of clauses (i) – (vii) below (each, a “Company Shareholders Meeting”), Shareholder shall, and shall cause the holder of record of any Covered Shares to, (i) appear at each such meeting or otherwise cause all Covered Shares to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered) covering, all Covered Shares:

(i)          in favor of adopting the Premier Shareholders’ Resolution;

(ii)         in favor of any adjournment or postponement recommended by the Company or requested by DK pursuant to the Merger Agreement with respect to any shareholder meeting with respect to the Premier Shareholders’ Resolution;

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(iii)        against any Acquisition Proposal or any proposal relating to an Acquisition Proposal;

(iv)        against any consolidation, combination, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company, in each case other than in furtherance of approving the Transactions with DK contemplated the Merger Agreement;

(v)         against any change in the business, management or Board of Directors of the Company other than in furtherance of the Transactions with DK contemplated the Merger Agreement;

(vi)        against any proposal, action or agreement that would reasonably be expected to (1) impede, frustrate, prevent or nullify any provision of this Agreement, the Merger Agreement or the Merger, (2) result in a breach of any covenant, representation, warranty or any other obligation or agreement of the Company under the Merger Agreement, (3) could reasonably be expected to result in any of the conditions set forth in the Merger Agreement not being fulfilled or (4) except as expressly contemplated by the Merger Agreement, change in any manner the dividend policy or capitalization of, including the voting rights of any class of capital stock of, the Company; and

(vii)       Shareholder shall not propose, commit or agree to take any action inconsistent with any of the foregoing clauses (i) – (vi).

(b)           Relief from Certain Obligations. In the event that a Change of Recommendation which does not result from a material breach of any provision the Merger Agreement occurs in favor of a Superior Proposal then, notwithstanding anything to the contrary contained in this Agreement, Shareholdershall, upon delivery of written notice to DK, be relieved of its obligations under this Section 2 of this Agreement with respect to the Covered Shares; provided that if at any time thereafter such proposal shall cease to constitute a Superior Proposal under the Merger Agreement, the obligations of Shareholderas to the Covered Shares under this Section 2shall, without the requirement of any action by a party hereto, then and thereafter again become binding with respect to the Covered Shares.

(c)           Irrevocable Proxy.

(i)          Shareholder hereby (A) irrevocably grants to, and appoints, DK, and any Person designated in writing by DK, and each of them individually, Shareholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of Shareholder, to vote all of the Covered Shares or grant a consent or approval in respect of the Covered Shares, in accordance with the terms of Section 2(a) hereof and (B) revokes any and all proxies heretofore given in respect of the Covered Shares.

(ii)         The attorneys-in-fact and proxies named above are hereby authorized and empowered by Shareholder at any time during the Term to act as Shareholder’s attorney-in-fact and proxy to vote the Covered Shares, and to exercise all voting, consent and similar rights of Shareholder with respect to the Covered Shares (including the power to execute and deliver written consents), at every Company Shareholders Meeting and in every written consent in lieu of such a meeting in accordance with the terms of Section 2(a) hereof.

(iii)        Shareholder hereby represents to DK that any proxies heretofore given in respect of the Covered Shares are not irrevocable and that any such proxies are hereby revoked, and Shareholder agrees to promptly notify the Company of such revocation. Shareholder hereby affirms that the irrevocable proxy granted herein is given in connection with the execution of the Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Shareholder under this Agreement. Shareholder hereby further affirms that the irrevocable proxy granted herein is coupled with an interest and may under no circumstances be revoked. Shareholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Without limiting the generality of the foregoing, such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 607.0722 of the FBCA. If for any reason the proxy granted herein is not irrevocable, Shareholder agrees to vote the Covered Shares and take such other required actions in accordance with Section 2(a) hereof.

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(iv)        During any period of time in which Shareholderis relieved of its obligations with respect to the Covered Shares in accordance with Section 2(b) hereof, then any proxies of Shareholder granted pursuant to this Section 2(c)relating to the Covered Shares shall be suspended.

3.            No Disposition or Solicitation.

(a)           No Disposition or Adverse Act. Shareholder hereby covenants and agrees that, except as contemplated by this Agreement and the Merger Agreement, Shareholder shall not (i) offer to Transfer, Transfer or consent to any Transfer of any or all of the Covered Shares or any interest therein without the prior written consent of DK, (ii) enter into any contract, option or other agreement or understanding with respect to any Transfer of any or all Covered Shares or any interest therein, (iii) grant any proxy, power-of-attorney or other authorization or consent in or with respect to any or all of the Covered Shares, (iv) deposit any or all of the Covered Shares into a voting trust or enter into a voting agreement or arrangement with respect to any or all of the Covered Shares or (v) take any other action that would make any representation or warranty of Shareholder contained herein untrue or incorrect or in any way restrict, limit or interfere with the performance of Shareholder’s obligations hereunder or the transactions contemplated hereby or by the Merger Agreement. Any attempted Transfer of Covered Shares or any interest therein in violation of this Section 3(a) shall be null and void. Notwithstanding the foregoing, the Transfer of any Covered Shares from the Shareholder to any existing holder of an Equity Interest in the Shareholder as of the date hereof will be a permitted if at least one business days’ advance notice is given to DK (which notice shall include information about the Transfer and transferee as may be required to amend any Schedule 13D/G filings with the SEC) and either (a) as a condition precedent to that Transfer, that holder enters into a joinder in form and substance reasonably satisfactory to DK agreeing to be subject to and bound by all of the terms of this Agreement or (b) those Transfers occur in connection with a legal obligation of the Shareholder to that holder to distribute Covered Shares upon the full and complete redemption of that holder’s Equity Interest in the Shareholder and the Shareholder does not Transfer more than __________ Shares in connection with all such Transfers under this clause (b).

(b)           No Solicitation, Discussion or Negotiation. During the Term of this Agreement, Shareholder hereby agrees that Shareholder shall not, and shall instruct and cause its officers, directors, employees, investment bankers, attorneys, accountants, consultants, agents and other advisors and representatives (collectively, its “Representatives”) not to, directly or indirectly:

(i)          initiate, solicit or knowingly facilitate or encourage any inquiries, discussions or the making of any proposal, request or offer that constitutes, or could reasonably be expected to lead to, any Acquisition Proposal;

(ii)         approve, endorse, recommend or enter into, or publicly propose to approve, endorse, recommend or enter into, any alternative acquisition agreement;

(iii)        terminate, amend, release, modify, or fail to enforce any provision of, or grant any permission, waiver or request under, any standstill, confidentiality or similar agreement in respect of or in contemplation of an Acquisition Proposal;

(iv)        engage in, continue or otherwise participate in any discussions or negotiations regarding any Acquisition Proposal or the acquisition of any interest in the Covered Shares;

(v)         furnish any non-public information relating to the Company or any of its Subsidiaries, or afford access to the books or records or directors, officers, employees or advisors of the Company or any of its Subsidiaries, to any third party that is seeking to or may make, or has made, an Acquisition Proposal;

(vi)        take any action to make the provisions of any Takeover Law inapplicable to any transactions contemplated by any Acquisition Proposal; or

(vii)       propose, commit or agree to do any of the foregoing.

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4.             Additional Agreements.

(a)           Certain Events. In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other change in the capital structure of the Company affecting the Covered Shares or the acquisition of Additional Owned Shares or other Equity Interests or rights of the Company by Shareholder or any of its Affiliates, (i) the type and number of Covered Shares shall be adjusted appropriately, and (iii) this Agreement and the obligations hereunder shall automatically attach to any additional Covered Shares or other Equity Interests or rights of the Company issued to or acquired by Shareholder or any of its Affiliates.

(b)          Waiver of Appraisal and Dissenters’ Rights. Shareholder hereby waives and agrees not to exercise any rights of appraisal or rights to dissent from the Merger that Shareholder may have.

(c)           Communications. During the Term of this Agreement, unless required by applicable law, Shareholder shall not, and shall cause its Representatives not to, make any press release, public announcement or other communication with respect to the business or affairs of the Company, DK, Exchangeco or Newco, including this Agreement and the Merger Agreement and the transactions contemplated hereby and thereby, without the prior written consent of DK. Shareholder hereby (i) consents to and authorizes the publication and disclosure by DK of Shareholder’s identity and holding of Covered Shares, and the nature of Shareholder’s commitments, arrangements and understandings under this Agreement, and any other information that DK reasonably determines to be necessary or desirable in any press release or any other disclosure document in connection with the Merger or any other Transactions and (ii) agrees as promptly as practicable to notify DK of any required corrections with respect to any written information supplied by Shareholder specifically for use in any such disclosure document.

(d)           Additional Owned Shares. Shareholder hereby agrees to notify DK promptly in writing of the number and description of any Additional Owned Shares.

5.             Representations and Warranties of Shareholder.

Shareholder hereby represents and warrants to DK as follows:

(a)           Title. Shareholder is the sole record owner of (i) the Owned Shares and (ii) the Equity Interests convertible into or exchangeable or exercisable for Owned Shares or other Equity Interests in the Company, in each case, set forth on Schedule I (the “Disclosed Owned Securities”). The Disclosed Owned Securities constitute all of the Equity Interests in the Company owned of record or beneficially by Shareholder or its Affiliates on the date hereof and neither Shareholder nor any of its Affiliates is the beneficial owner of, or has any right to acquire (whether currently, upon lapse of time, following the satisfaction of any conditions, upon the occurrence of any event or any combination of the foregoing) any Shares or any other Equity Interests of the Company or any Equity Interests convertible into or exchangeable or exercisable for Shares or such other Equity Interests, in each case other than the Disclosed Owned Securities. Shareholder has sole voting power, sole power of disposition and sole power to issue instructions with respect to the matters set forth in Sections 3 and 4 hereof and all other matters set forth in this Agreement, in each case with respect to all of the Covered Shares, with no limitations, qualifications or restrictions on such rights, subject to applicable securities laws and the terms of this Agreement. Except as permitted by this Agreement, the Covered Shares and the certificates representing such shares, if any, are now, and at all times during the Term hereof will be, held by Shareholder, or by a nominee or custodian for the benefit of Shareholder, free and clear of any and all liens, pledges, claims, options, proxies, voting trusts or agreements, security interests, understandings or arrangements or any other encumbrances whatsoever (collectively, “Encumbrances”) on title, transfer or exercise of any rights of a shareholder in respect of the Owned Shares (other than as created by this Agreement or, if Shareholder is not an individual person, Encumbrances contained in Shareholder’s governing documents none of which adversely impact Shareholder’s ability to perform its obligations under this Agreement).

(b)           Organization and Qualification. Shareholder is an individual person or, if not an individual person, a corporation duly organized and validly existing in good standing under the laws of its incorporation.

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(c)           Authority. If Shareholder is not an individual person, Shareholder has all necessary power and authority and legal capacity to execute, deliver and perform all of Shareholder’s obligations under this Agreement, and consummate the transactions contemplated hereby, and no other proceedings or actions on the part of Shareholder or its board of directors (or analogous governing body) are necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

(d)           Due Execution and Delivery. This Agreement has been duly and validly executed and delivered by Shareholder and, assuming due authorization, execution and delivery hereof by DK, constitutes a legal, valid and binding agreement of Shareholder, enforceable against Shareholder in accordance with its terms.

(e)           No Filings; No Conflict or Default. Except for filings under the Exchange Act, no filing with, and no permit, authorization, consent or approval of, any Governmental Entity or any other Person is necessary for the execution and delivery of this Agreement by Shareholder, the consummation by Shareholder of the transactions contemplated hereby and the compliance by Shareholder with the provisions hereof. None of the execution and delivery of this Agreement by Shareholder, the consummation by Shareholder of the transactions contemplated hereby or compliance by Shareholder with any of the provisions hereof will (i) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, modification or acceleration) under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, permit, contract, commitment, arrangement, understanding, agreement or other instrument or obligation of any kind, including any voting agreement, proxy arrangement, pledge agreement, shareholders agreement or voting trust, to which Shareholder is a party or by which Shareholder or any of Shareholder’s properties or assets may be bound, (ii) violate any judgment, order, writ, injunction, decree or award of any court, administrative agency or other Governmental Entity that is applicable to Shareholder or any of Shareholder’s properties or assets, or (iii) if Shareholder is not an individual person, contravene or conflict with Shareholder’s governing documents.

(f)            No Litigation. As of the date hereof, there is no suit, claim, action, investigation or proceeding pending or, to the knowledge of Shareholder, threatened against Shareholder at law or in equity before or by any Governmental Entity that could reasonably be expected to impair the ability of Shareholder to perform its obligations hereunder or consummate the transactions contemplated hereby.

(g)           No Fees. No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of Shareholder.

(h)           Receipt; Reliance. Shareholder has received and reviewed a copy of the Merger Agreement. Shareholder understands and acknowledges that DK is entering into the Merger Agreement in reliance upon Shareholder’s execution, delivery and performance of this Agreement.

6.             Termination.   The term (the “Term”) of this Agreement shall commence on the date hereof and shall terminate upon the earliest of (i) the mutual written agreement of DK and Shareholder, (ii) the Effective Time and (iii) the termination of the Merger Agreement in accordance with its terms; provided that (A) nothing herein shall relieve any party hereto from liability for any breach of this Agreement prior to its termination and (B) this Section 6 and Section 7 shall survive any termination of this Agreement.

7.             Miscellaneous.

(a)           Entire Agreement. This Agreement (together with Schedule I) constitutes the entire agreement and supersedes all other prior agreements, understandings, representations and warranties both written and oral, among the parties, with respect to the subject matter hereof.

(b)           Reasonable Efforts. Subject to the terms and conditions of this Agreement, Shareholder agrees to use all reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable laws to consummate and make effective the arrangements contemplated hereby. Upon DK’s request and without further consideration, Shareholder shall execute and deliver such additional documents and take all such further lawful action as may be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the arrangements contemplated hereby. Without limiting the foregoing, Shareholder shall execute and deliver to DK and any of its designees any additional proxies, including with respect to Additional Owned Shares, reasonably requested by DK in furtherance of this Agreement.

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(c)           No Assignment. This Agreement shall not be assignable by operation of law or otherwise. Any purported assignment in violation of this Agreement is void.

(d)           Binding Successors. Without limiting any other rights DK may have hereunder in respect of any Transfer of the Covered Shares, Shareholder agrees that this Agreement and the obligations hereunder shall attach to the Covered Shares beneficially owned by Shareholder and its Affiliates and shall be binding upon any Person to which legal or beneficial ownership of such Covered Shares shall pass, whether by operation of law or otherwise, including, without limitation, Shareholder’s heirs, guardians, administrators, representatives or successors.

(e)           Modification or Amendments. Subject to the provisions of applicable law, the parties hereto may modify or amend this Agreement by action taken by or on behalf of their respective boards of directors, by written agreement executed and delivered by duly authorized officers of the respective parties.

(f)            Notice. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed to have been given (i) when delivered, if delivered in person, (ii) one Business Day following the day when deposited with a reputable and established overnight express courier (charges prepaid and with confirmation of delivery) or (iii) three Business Days following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in writing in the manner set forth above, notices, requests, claims, demands and other communications hereunder shall be sent to the addresses indicated below:

If to Shareholder:

At the address and facsimile number set forth on Schedule I hereto.

with a copy (which shall not constitute notice) to:

Sellers Capital Master Fund, Ltd.

1 Ionia SW, Suite 200

Grand Rapids, MI 49503

Attention:  Mark Sellers

Facsimile:  No fax number

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If to DK:

Dinoking Tech Inc.
#110 - 11188 Featherstone Way
Richmond, British Columbia V6W 1K9
Canada
Attention:	Chief Executive Officer
Facsimile:	(604) 277-1617
with a copy (which shall not constitute notice) to:
Dentons Canada LLP
20th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada
Attention:	Catherine Wade
Facsimile:	(604) 683-5214

(g)           Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application of such provision to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision; and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application of such provision, in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible.

(h)           Specific Performance and Other Remedies. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that in the event of such breach no adequate remedy at law would exist and damages would be difficult to determine. Accordingly, in addition to any other remedy to which such party is entitled at law or in equity, each party shall be entitled, without proof of damages, to enforce specifically the terms and provisions of this Agreement in the state and federal courts of the United States of America located in the State of Florida, and any appellate court from any appeal thereof, and to temporary, preliminary and permanent injunctive relief (without the requirement of posting bond) to prevent breaches or threatened breaches of, or to enforce compliance with, any of the provisions of this Agreement without the necessity of posting bond or other security or undertaking (any requirements therefor being expressly waived). Each party agrees that it will not oppose the granting of specific performance relief on the basis that a party has an adequate remedy at law or an award of specific performance is not an appropriate remedy for any reason at law or in equity.

(i)            No Waiver. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with such party’s obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of such party’s right to exercise any such or other right, power or remedy or to demand such compliance.

(j)            No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement.

(k)           Governing Law. This Agreement shall be deemed to be made in, and in all respects shall be interpreted, construed and governed by and in accordance with the law of, the state of Florida without regard to the conflicts of law principles thereof to the extent that such principles would direct a matter to another jurisdiction.

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(l)            Submission to Jurisdiction. The parties hereby irrevocably submit for themselves and their property, to the exclusive personal jurisdiction of the state and federal courts of the United States of America located in the State of Florida, and any appellate court from any appeal thereof, solely in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement, and in respect of the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in any proceeding for the interpretation or enforcement hereof or of any such document or transaction, that it is not subject thereto or that such proceeding may not be brought or is not maintainable in such courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims relating to such proceeding or transactions shall be heard and determined in such courts. The parties hereby consent to and grant any such court jurisdiction over the Person of such parties and, to the extent permitted by applicable law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such proceeding in the manner provided in Section 7(f) or in such other manner as may be permitted by law shall be valid and sufficient service thereof.

(m)          Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDINGS DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF PROCEEDINGS, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(m).

(n)           Interpretation. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. The words “include,” “includes” and “including” shall be deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of like import. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. No provision of this Agreement shall be interpreted for or against any party hereto because that party or its legal representatives drafted the provision. The words “hereof,” “hereto,” “hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not any particular section in which such words appear.

(o)           Counterparts. This Agreement may be executed in any number of counterparts, including by facsimile or other electronic transmission, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute one and the same agreement. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).

(p)           Expenses. Except as otherwise provided herein, each party hereto shall pay such party’s own expenses incurred in connection with this Agreement.

(q)           No Ownership Interest. Nothing contained in this Agreement shall be deemed, upon execution, to vest in DK any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to Shareholder, and DK shall have no authority to manage, direct, superintend, restrict, regulate, govern or administer any of the policies or operations of the Company or exercise any power or authority to direct Shareholder in the voting of any of the Covered Shares, except as otherwise provided herein.

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(r)            No Agreement in Shareholder’s Capacity as Director or Officer. If Shareholder is a director and/or officer of the Company (in addition to being a shareholder of the Company), Shareholder makes no agreement or understanding in this Agreement in Shareholder’s specific capacity as a director and/or officer of the Company, and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Shareholder in its specific capacity as a director and/or officer of the Company, including in exercising rights under the Merger Agreement, and no such actions or omissions taken by Shareholder in its specific capacity as a director and/or officer of the Company shall be deemed a breach of this Agreement or (b) be construed to prohibit, limit or restrict Shareholder from exercising its fiduciary duties as a director and/or officer to the Company or its shareholders.

[Signature page follows]

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IN WITNESS WHEREOF, DK and Shareholder have caused this Agreement to be duly executed as of the day and year first above written.

DINOKING TECH, INC.
By:	/s/ Daoping Bao
	Name:  Daoping Bao
	Its: President
SELLERS capital master fund, ltd.
By:	/s/ Mark A. Sellers
	Name: Mark A. Sellers
	Its: Founder, Managing Member

[Signature page to Shareholder Voting Agreement]

SCHEDULE I

Name and Contact Information for Shareholder	Number of Shares Beneficially Owned
Sellers Capital Master Fund	1,543,018
1 Ionia SW, Suite 200
Grand Rapids, MI  49503
Attention: Mark Sellers

EX-10.5

Exhibit 10.5

FORM OF SHAREHOLDER VOTING AGREEMENT

This SHAREHOLDER VOTING AGREEMENT (this “Agreement”), dated as of April 2, 2015, is entered into by and between the undersigned shareholder (a “Shareholder”), of Premier Exhibitions, Inc. a Florida corporation, (the “Company”) and Dinoking Tech Inc., a company existing under the laws of the Province of British Columbia (“DK”).

A.           Contemporaneously with the execution of this Agreement, DK, the Company, 1032403 B.C. LTD., a company existing under the laws of the Province of British Columbia (“Exchangeco”), Daoping Bao, a businessperson residing in Richmond, British Columbia (“Bao”), and Nancy Brenner, a businessperson residing in Delta, British Columbia (“Brenner”), are entering into a Merger Agreement, dated as of the date hereof (as the same may be amended or modified after the date hereof, the “Merger Agreement”), providing, among other things, the acquisition of DK by the Company through the transfer and sale to the Company by the shareholders of DK of all the issued and outstanding capital stock of DK (as the same may be amended or modified after the date hereof, the “Merger”).

B.           As a condition of and inducement to DK’s willingness to enter into the Merger Agreement, DK has required that Shareholder enter into this Agreement.

NOW, THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants and agreements set forth in this Agreement and in the Merger Agreement, and intending to be legally bound hereby, the parties hereto agree as follows:

1. Certain Definitions.

For the purposes of this Agreement, the following terms shall have the respective meanings ascribed to them in this Section 1.

“Acquisition Proposal” has the meaning set forth in the Merger Agreement.

“Additional Owned Shares” means all Shares and any other Equity Interests in the Company which are beneficially owned by Shareholder or any of its Affiliates and are acquired after the date hereof and prior to the termination of this Agreement.

“Affiliate” has the meaning set forth in the Merger Agreement.

“beneficial ownership” (and related terms such as “beneficially owned” or “beneficial owner”) has the meaning set forth in Rule 13d-3 under the Exchange Act.

“Business Day” has the meaning set forth in the Merger Agreement.

“Change of Recommendation” means the approval by the Company’s board of directors of a Superior Proposal in strict conformance with the Merger Agreement.

“Company” has the meaning assigned thereto in the recitals hereof.

“Company Shareholders Meeting” has the meaning assigned thereto in Section 2 hereof.

“Covered Shares” means the Owned Shares and Additional Owned Shares.

“Disclosed Owned Securities” has the meaning assigned thereto in Section 5(a) hereof.

“Encumbrances” has the meaning assigned thereto in Section 5(a) hereof.

“Effective Time” has the meaning set forth in the Merger Agreement.

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“Equity Interest” means (i) any Share, (ii) any other share, capital stock, partnership, limited liability company, membership or similar interest in any Person and (iii) any option, warrant, right or security (including debt securities) convertible, exchangeable or exercisable with respect thereto or therefor.

“Exchange Act” has the meaning set forth in the Merger Agreement.

“FBCA” means the Florida Business Corporations Act, as amended.

“Governmental Entity” has the meaning set forth in the Merger Agreement.

“Merger Agreement” has the meaning assigned thereto in the recitals hereof.

“Owned Shares” means all Shares and any other Equity Interests in the Company which are beneficially owned by Shareholder or any of its Affiliates as of the date hereof.

“Person” has the meaning set forth in the Merger Agreement.

“Premier Shareholders’ Resolution” has the meaning set forth in the Merger Agreement.

“Representatives” has the meaning assigned thereto in Section 3(b) hereof.

“Shares” means the Premier Shares as such term is defined in the Merger Agreement.

“Subsidiary” has the meaning set forth in the Merger Agreement.

“Superior Proposal” has the meaning set forth in the Merger Agreement.

“Takeover Law” means Sections 607.0901 and 607.0902 of the FBCA.

“Term” has the meaning assigned thereto in Section 6 hereof.

“Transactions” means the Merger and the other transactions contemplated by the Merger Agreement.

“Transfer” means, with respect to an Equity Interest, the transfer, pledge, hypothecation, encumbrance, assignment or other disposition (whether by sale, merger, consolidation, liquidation, dissolution, dividend, distribution or otherwise) of such Equity Interest or the beneficial ownership thereof, the offer to make such a transfer or other disposition, and each option, agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing. As a verb, “Transfer” shall have a correlative meaning.

2. Shareholder Vote.

(a)          Voting Agreement. At any meeting of the shareholders of the Company, however called, or at any adjournment thereof, or in any other circumstance in which the vote, consent or other approval of the shareholders of the Company is sought as to a matter described in any of clauses (i) – (vii) below (each, a “Company Shareholders Meeting”), Shareholder shall, and shall cause the holder of record of any Covered Shares to, (i) appear at each such meeting or otherwise cause all Covered Shares to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered) covering, all Covered Shares:

(i)          in favor of adopting the Premier Shareholders’ Resolution;

(ii)         in favor of any adjournment or postponement recommended by the Company or requested by DK pursuant to the Merger Agreement with respect to any shareholder meeting with respect to the Premier Shareholders’ Resolution;

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(iii)        against any Acquisition Proposal or any proposal relating to an Acquisition Proposal;

(iv)        against any consolidation, combination, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company, in each case other than in furtherance of approving the Transactions with DK contemplated the Merger Agreement;

(v)         against any change in the business, management or Board of Directors of the Company other than in furtherance of the Transactions with DK contemplated the Merger Agreement;

(vi)        against any proposal, action or agreement that would reasonably be expected to (1) impede, frustrate, prevent or nullify any provision of this Agreement, the Merger Agreement or the Merger, (2) result in a breach of any covenant, representation, warranty or any other obligation or agreement of the Company under the Merger Agreement, (3) could reasonably be expected to result in any of the conditions set forth in the Merger Agreement not being fulfilled or (4) except as expressly contemplated by the Merger Agreement, change in any manner the dividend policy or capitalization of, including the voting rights of any class of capital stock of, the Company; and

(vii)       Shareholder shall not propose, commit or agree to take any action inconsistent with any of the foregoing clauses (i) – (vi).

(b)          Relief from Certain Obligations. In the event that a Change of Recommendation which does not result from a material breach of any provision the Merger Agreement occurs in favor of a Superior Proposal then, notwithstanding anything to the contrary contained in this Agreement, Shareholder shall, upon delivery of written notice to DK, be relieved of its obligations under this Section 2 of this Agreement with respect to the Covered Shares; provided that if at any time thereafter such proposal shall cease to constitute a Superior Proposal under the Merger Agreement, the obligations of Shareholder as to the Covered Shares under this Section 2 shall, without the requirement of any action by a party hereto, then and thereafter again become binding with respect to the Covered Shares.

(c)          Irrevocable Proxy.

(i)          Shareholder hereby (A) irrevocably grants to, and appoints, DK, and any Person designated in writing by DK, and each of them individually, Shareholder’s proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of Shareholder, to vote all of the Covered Shares or grant a consent or approval in respect of the Covered Shares, in accordance with the terms of Section 2(a) hereof and (B) revokes any and all proxies heretofore given in respect of the Covered Shares.

(ii)         The attorneys-in-fact and proxies named above are hereby authorized and empowered by Shareholder at any time during the Term to act as Shareholder’s attorney-in-fact and proxy to vote the Covered Shares, and to exercise all voting, consent and similar rights of Shareholder with respect to the Covered Shares (including the power to execute and deliver written consents), at every Company Shareholders Meeting and in every written consent in lieu of such a meeting in accordance with the terms of Section 2(a) hereof.

(iii)        Shareholder hereby represents to DK that any proxies heretofore given in respect of the Covered Shares are not irrevocable and that any such proxies are hereby revoked, and Shareholder agrees to promptly notify the Company of such revocation. Shareholder hereby affirms that the irrevocable proxy granted herein is given in connection with the execution of the Merger Agreement and that such irrevocable proxy is given to secure the performance of the duties of Shareholder under this Agreement. Shareholder hereby further affirms that the irrevocable proxy granted herein is coupled with an interest and may under no circumstances be revoked. Shareholder hereby ratifies and confirms all that such irrevocable proxy may lawfully do or cause to be done by virtue hereof. Without limiting the generality of the foregoing, such irrevocable proxy is executed and intended to be irrevocable in accordance with the provisions of Section 607.0722 of the FBCA. If for any reason the proxy granted herein is not irrevocable, Shareholder agrees to vote the Covered Shares and take such other required actions in accordance with Section 2(a) hereof.

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(iv)        During any period of time in which Shareholder is relieved of its obligations with respect to the Covered Shares in accordance with Section 2(b) hereof, then any proxies of Shareholder granted pursuant to this Section 2(c) relating to the Covered Shares shall be suspended.

3. No Disposition or Solicitation.

(a)          No Disposition or Adverse Act. Shareholder hereby covenants and agrees that, except as contemplated by this Agreement and the Merger Agreement, Shareholder shall not (i) offer to Transfer, Transfer or consent to any Transfer of any or all of the Covered Shares or any interest therein without the prior written consent of DK, (ii) enter into any contract, option or other agreement or understanding with respect to any Transfer of any or all Covered Shares or any interest therein, (iii) grant any proxy, power-of-attorney or other authorization or consent in or with respect to any or all of the Covered Shares, (iv) deposit any or all of the Covered Shares into a voting trust or enter into a voting agreement or arrangement with respect to any or all of the Covered Shares or (v) take any other action that would make any representation or warranty of Shareholder contained herein untrue or incorrect or in any way restrict, limit or interfere with the performance of Shareholder’s obligations hereunder or the transactions contemplated hereby or by the Merger Agreement. Any attempted Transfer of Covered Shares or any interest therein in violation of this Section ‎3(a) shall be null and void.

(b)          No Solicitation, Discussion or Negotiation. During the Term of this Agreement, Shareholder hereby agrees that Shareholder shall not, and shall instruct and cause its officers, directors, employees, investment bankers, attorneys, accountants, consultants, agents and other advisors and representatives (collectively, its “Representatives”) not to, directly or indirectly:

(i)          initiate, solicit or knowingly facilitate or encourage any inquiries, discussions or the making of any proposal, request or offer that constitutes, or could reasonably be expected to lead to, any Acquisition Proposal;

(ii)         approve, endorse, recommend or enter into, or publicly propose to approve, endorse, recommend or enter into, any alternative acquisition agreement;

(iii)        terminate, amend, release, modify, or fail to enforce any provision of, or grant any permission, waiver or request under, any standstill, confidentiality or similar agreement in respect of or in contemplation of an Acquisition Proposal;

(iv)        engage in, continue or otherwise participate in any discussions or negotiations regarding any Acquisition Proposal or the acquisition of any interest in the Covered Shares;

(v)         furnish any non-public information relating to the Company or any of its Subsidiaries, or afford access to the books or records or directors, officers, employees or advisors of the Company or any of its Subsidiaries, to any third party that is seeking to or may make, or has made, an Acquisition Proposal;

(vi)        take any action to make the provisions of any Takeover Law inapplicable to any transactions contemplated by any Acquisition Proposal; or

(vii)       propose, commit or agree to do any of the foregoing.

4. Additional Agreements.

(a)          Certain Events. In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other change in the capital structure of the Company affecting the Covered Shares or the acquisition of Additional Owned Shares or other Equity Interests or rights of the Company by Shareholder or any of its Affiliates, (i) the type and number of Covered Shares shall be adjusted appropriately, and (iii) this Agreement and the obligations hereunder shall automatically attach to any additional Covered Shares or other Equity Interests or rights of the Company issued to or acquired by Shareholder or any of its Affiliates.

(b)          Waiver of Appraisal and Dissenters’ Rights. Shareholder hereby waives and agrees not to exercise any rights of appraisal or rights to dissent from the Merger that Shareholder may have.

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(c)          Communications. During the Term of this Agreement, unless required by applicable law, Shareholder shall not, and shall cause its Representatives not to, make any press release, public announcement or other communication with respect to the business or affairs of the Company, DK or Exchangeco, including this Agreement and the Merger Agreement and the transactions contemplated hereby and thereby, without the prior written consent of DK. Shareholder hereby (i) consents to and authorizes the publication and disclosure by DK of Shareholder’s identity and holding of Covered Shares, and the nature of Shareholder’s commitments, arrangements and understandings under this Agreement, and any other information that DK reasonably determines to be necessary or desirable in any press release or any other disclosure document in connection with the Merger or any other Transactions and (ii) agrees as promptly as practicable to notify DK of any required corrections with respect to any written information supplied by Shareholder specifically for use in any such disclosure document.

(d)          Additional Owned Shares. Shareholder hereby agrees to notify DK promptly in writing of the number and description of any Additional Owned Shares.

5. Representations and Warranties of Shareholder.

Shareholder hereby represents and warrants to DK as follows:

(a)          Title. Shareholder is the sole record and beneficial owner of (i) the Owned Shares and (ii) the Equity Interests convertible into or exchangeable or exercisable for Owned Shares or other Equity Interests in the Company, in each case, set forth on Schedule I (the “Disclosed Owned Securities”). The Disclosed Owned Securities constitute all of the Equity Interests in the Company owned of record or beneficially by Shareholder or its Affiliates on the date hereof and neither Shareholder nor any of its Affiliates is the beneficial owner of, or has any right to acquire (whether currently, upon lapse of time, following the satisfaction of any conditions, upon the occurrence of any event or any combination of the foregoing) any Shares or any other Equity Interests of the Company or any Equity Interests convertible into or exchangeable or exercisable for Shares or such other Equity Interests, in each case other than the Disclosed Owned Securities. Shareholder has sole voting power, sole power of disposition and sole power to issue instructions with respect to the matters set forth in Sections 3 and ‎4 hereof and all other matters set forth in this Agreement, in each case with respect to all of the Covered Shares, with no limitations, qualifications or restrictions on such rights, subject to applicable securities laws and the terms of this Agreement. Except as permitted by this Agreement, the Covered Shares and the certificates representing such shares, if any, are now, and at all times during the Term hereof will be, held by Shareholder, or by a nominee or custodian for the benefit of Shareholder, free and clear of any and all liens, pledges, claims, options, proxies, voting trusts or agreements, security interests, understandings or arrangements or any other encumbrances whatsoever (collectively, “Encumbrances”) on title, transfer or exercise of any rights of a shareholder in respect of the Owned Shares (other than as created by this Agreement or, if Shareholder is not an individual person, Encumbrances contained in Shareholder’s governing documents none of which adversely impact Shareholder’s ability to perform its obligations under this Agreement).

(b)          Organization and Qualification. Shareholder is an individual person or, if not an individual person, a corporation duly organized and validly existing in good standing under the laws of its incorporation.

(c)          Authority. If Shareholder is not an individual person, Shareholder has all necessary power and authority and legal capacity to execute, deliver and perform all of Shareholder’s obligations under this Agreement, and consummate the transactions contemplated hereby, and no other proceedings or actions on the part of Shareholder or its board of directors (or analogous governing body) are necessary to authorize the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

(d)          Due Execution and Delivery. This Agreement has been duly and validly executed and delivered by Shareholder and, assuming due authorization, execution and delivery hereof by DK, constitutes a legal, valid and binding agreement of Shareholder, enforceable against Shareholder in accordance with its terms.

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(e)          No Filings; No Conflict or Default. Except for filings under the Exchange Act, no filing with, and no permit, authorization, consent or approval of, any Governmental Entity or any other Person is necessary for the execution and delivery of this Agreement by Shareholder, the consummation by Shareholder of the transactions contemplated hereby and the compliance by Shareholder with the provisions hereof. None of the execution and delivery of this Agreement by Shareholder, the consummation by Shareholder of the transactions contemplated hereby or compliance by Shareholder with any of the provisions hereof will (i) result in a violation or breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, modification or acceleration) under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, license, permit, contract, commitment, arrangement, understanding, agreement or other instrument or obligation of any kind, including any voting agreement, proxy arrangement, pledge agreement, shareholders agreement or voting trust, to which Shareholder is a party or by which Shareholder or any of Shareholder’s properties or assets may be bound, (ii) violate any judgment, order, writ, injunction, decree or award of any court, administrative agency or other Governmental Entity that is applicable to Shareholder or any of Shareholder’s properties or assets, or (iii) if Shareholder is not an individual person, contravene or conflict with Shareholder’s governing documents.

(f)          No Litigation. As of the date hereof, there is no suit, claim, action, investigation or proceeding pending or, to the knowledge of Shareholder, threatened against Shareholder at law or in equity before or by any Governmental Entity that could reasonably be expected to impair the ability of Shareholder to perform its obligations hereunder or consummate the transactions contemplated hereby.

(g)          No Fees. No broker, investment banker, financial advisor or other Person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of Shareholder.

(h)          Receipt; Reliance. Shareholder has received and reviewed a copy of the Merger Agreement. Shareholder understands and acknowledges that DK is entering into the Merger Agreement in reliance upon Shareholder’s execution, delivery and performance of this Agreement.

6.          Termination. The term (the “Term”) of this Agreement shall commence on the date hereof and shall terminate upon the earliest of (i) the mutual written agreement of DK and Shareholder, (ii) the Effective Time and (iii) the termination of the Merger Agreement in accordance with its terms; provided that (A) nothing herein shall relieve any party hereto from liability for any breach of this Agreement prior to its termination and (B) this Section 6 and Section 7 shall survive any termination of this Agreement.

7. Miscellaneous.

(a)          Entire Agreement. This Agreement (together with Schedule I) constitutes the entire agreement and supersedes all other prior agreements, understandings, representations and warranties both written and oral, among the parties, with respect to the subject matter hereof.

(b)          Reasonable Efforts. Subject to the terms and conditions of this Agreement, Shareholder agrees to use all reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable under applicable laws to consummate and make effective the arrangements contemplated hereby. Upon DK’s request and without further consideration, Shareholder shall execute and deliver such additional documents and take all such further lawful action as may be necessary or desirable to consummate and make effective, in the most expeditious manner practicable, the arrangements contemplated hereby. Without limiting the foregoing, Shareholder shall execute and deliver to DK and any of its designees any additional proxies, including with respect to Additional Owned Shares, reasonably requested by DK in furtherance of this Agreement.

(c)          No Assignment. This Agreement shall not be assignable by operation of law or otherwise. Any purported assignment in violation of this Agreement is void.

(d)          Binding Successors. Without limiting any other rights DK may have hereunder in respect of any Transfer of the Covered Shares, Shareholder agrees that this Agreement and the obligations hereunder shall attach to the Covered Shares beneficially owned by Shareholder and its Affiliates and shall be binding upon any Person to which legal or beneficial ownership of such Covered Shares shall pass, whether by operation of law or otherwise, including, without limitation, Shareholder’s heirs, guardians, administrators, representatives or successors.

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(e)          Modification or Amendments. Subject to the provisions of applicable law, the parties hereto may modify or amend this Agreement by action taken by or on behalf of their respective boards of directors, by written agreement executed and delivered by duly authorized officers of the respective parties.

(f)          Notice. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be deemed to have been given (i) when delivered, if delivered in person, (ii) one Business Day following the day when deposited with a reputable and established overnight express courier (charges prepaid and with confirmation of delivery) or (iii) three Business Days following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is specified in writing in the manner set forth above, notices, requests, claims, demands and other communications hereunder shall be sent to the addresses indicated below:

If to Shareholder:

At the address and facsimile number set forth on Schedule I hereto.

with a copy (which shall not constitute notice) to:

[NAME]
[ADDRESS]
Attention: [●]
Facsimile: [●]

If to DK:

Dinoking Tech Inc.
#110 - 11188 Featherstone Way
Richmond, British Columbia V6W 1K9
Canada
Attention:        Chief Executive Officer
Facsimile:        (604) 277-1617

with a copy (which shall not constitute notice) to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada
Attention:         Catherine Wade
Facsimile:         (604) 683-5214

(g)          Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application of such provision to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision; and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application of such provision, in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled to the extent possible.

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(h)          Specific Performance and Other Remedies. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that in the event of such breach no adequate remedy at law would exist and damages would be difficult to determine. Accordingly, in addition to any other remedy to which such party is entitled at law or in equity, each party shall be entitled, without proof of damages, to enforce specifically the terms and provisions of this Agreement in the state and federal courts of the United States of America located in the State of Florida, and any appellate court from any appeal thereof, and to temporary, preliminary and permanent injunctive relief (without the requirement of posting bond) to prevent breaches or threatened breaches of, or to enforce compliance with, any of the provisions of this Agreement without the necessity of posting bond or other security or undertaking (any requirements therefor being expressly waived). Each party agrees that it will not oppose the granting of specific performance relief on the basis that a party has an adequate remedy at law or an award of specific performance is not an appropriate remedy for any reason at law or in equity.

(i)          No Waiver. The failure of any party hereto to exercise any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by any other party hereto with such party’s obligations hereunder, and any custom or practice of the parties at variance with the terms hereof, shall not constitute a waiver by such party of such party’s right to exercise any such or other right, power or remedy or to demand such compliance.

(j)          No Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement.

(k)          Governing Law. This Agreement shall be deemed to be made in, and in all respects shall be interpreted, construed and governed by and in accordance with the law of, the state of Florida without regard to the conflicts of law principles thereof to the extent that such principles would direct a matter to another jurisdiction.

(l)           Submission to Jurisdiction. The parties hereby irrevocably submit for themselves and their property, to the exclusive personal jurisdiction of the state and federal courts of the United States of America located in the State of Florida, and any appellate court from any appeal thereof, solely in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in this Agreement, and in respect of the transactions contemplated hereby, and hereby waive, and agree not to assert, as a defense in any proceeding for the interpretation or enforcement hereof or of any such document or transaction, that it is not subject thereto or that such proceeding may not be brought or is not maintainable in such courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims relating to such proceeding or transactions shall be heard and determined in such courts. The parties hereby consent to and grant any such court jurisdiction over the Person of such parties and, to the extent permitted by applicable law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such proceeding in the manner provided in Section 7(f) or in such other manner as may be permitted by law shall be valid and sufficient service thereof.

(m)         Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDINGS DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF PROCEEDINGS, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7(m).

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(n)         Interpretation. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this Agreement. The words “include,” “includes” and “including” shall be deemed to be followed by “without limitation” whether or not they are in fact followed by such words or words of like import. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. No provision of this Agreement shall be interpreted for or against any party hereto because that party or its legal representatives drafted the provision. The words “hereof,” “hereto,” “hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not any particular section in which such words appear.

(o)         Counterparts. This Agreement may be executed in any number of counterparts, including by facsimile or other electronic transmission, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute one and the same agreement. Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).

(p)          Expenses. Except as otherwise provided herein, each party hereto shall pay such party’s own expenses incurred in connection with this Agreement.

(q)          No Ownership Interest. Nothing contained in this Agreement shall be deemed, upon execution, to vest in DK any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to Shareholder, and DK shall have no authority to manage, direct, superintend, restrict, regulate, govern or administer any of the policies or operations of the Company or exercise any power or authority to direct Shareholder in the voting of any of the Covered Shares, except as otherwise provided herein.

(r)          No Agreement in Shareholder’s Capacity as Director or Officer. If Shareholder is a director and/or officer of the Company (in addition to being a shareholder of the Company), Shareholder makes no agreement or understanding in this Agreement in Shareholder’s specific capacity as a director and/or officer of the Company, and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Shareholder in its specific capacity as a director and/or officer of the Company, including in exercising rights under the Merger Agreement, and no such actions or omissions taken by Shareholder in its specific capacity as a director and/or officer of the Company shall be deemed a breach of this Agreement or (b) be construed to prohibit, limit or restrict Shareholder from exercising its fiduciary duties as a director and/or officer to the Company or its shareholders.

[Signature page follows]

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IN WITNESS WHEREOF, DK and Shareholder have caused this Agreement to be duly executed as of the day and year first above written.

DINOKING TECH INC.

By:
	Name:
	Its:

[INSERT SHAREHOLDER SIGNATURE

BLOCK]

[Signature page to Shareholder Voting Agreement]

SCHEDULE I

Name and Contact Information for Shareholder	Number of Shares Beneficially Owned
[Name]
[Address]
Attention: [●]

EX-10.6

Exhibit 10.6

FORM OF REGISTRATION RIGHTS AGREEMENT

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of l, 2015,

BY AND AMONG

PREMIER EXHIBITIONS, INC., a Florida corporation

(the “Company”)

AND

DAOPING BAO, businessperson residing in Richmond, British Columbia

(“Bao”)

AND

NANCY BRENNER, businessperson residing in Delta, British Columbia

(“Brenner” together with Bao and their permitted assigns, the “Investors”)

Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Merger Agreement by and among the parties hereto and the other parties thereto, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Merger Agreement”).

WHEREAS:

A.            The Company has agreed, upon the terms and subject to the conditions of the Merger Agreement, to issue to the Investors [up to] _____________ of the Company’s common stock, $0.0001 value per share, and to induce the Buyer to enter into the Merger Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws.

NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investors hereby agree as follows:

1.0 DEFINITIONS

1.1 As used in this Agreement, the following terms shall have the following meanings:

=

“Person” means any person or entity including but not limited to any corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or a governmental agency.

“Register,” “registered,” and “registration” refer to a registration effected by preparing and filing one or more registration statements of the Company in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering of effectiveness of such registration statement(s) by the United States Securities and Exchange Commission (the “SEC”).

“Registrable Securities” means (i) any or all of the Premier Shares which have been, or which may from time to time be, issued or issuable to the Investor (A) under the Merger Agreement, the Pentwater Loan, the Second Loan or the Post-Closing Success Payment Agreement, or (B) pursuant to the exchange of the Exchangeable Shares which have been, or which may from time to time be, issued or issuable to the Investor under the Merger Agreement, the Pentwater Loan, the Second Loan or the Post-Closing Success Payment Agreement and (ii) any shares of capital stock of the Company issued or issuable with respect to any of the foregoing as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitation on purchases under the Purchase Agreement. [Definition subject to ongoing review.]

“Registration Statement” means the registration statement of the Company on Form S-3 (or if the Company is not eligible to use such form for purposes of registering the Registrable Securities, on Form S-1) covering only the re-sale of the Registrable Securities.

2.0 REGISTRATION

2.1 Mandatory Registration

At any time after the closing of the transactions contemplated by the Merger Agreement, the Company shall within 30 Business Days after receipt of a written request from the Investors file with the SEC the Registration Statement. The Registration Statement shall register only the Registrable Securities and no other securities of the Company. The Investor and its counsel shall have a reasonable opportunity to review and comment upon such registration statement or amendment to such registration statement and any related prospectus prior to its filing with the SEC. Investor shall furnish all information reasonably requested by the Company for inclusion therein. The Company shall use its reasonable best efforts to have the Registration Statement or amendment declared effective by the SEC at the earliest possible date. The Company shall use reasonable best efforts to keep the Registration Statement effective pursuant to Rule 415 promulgated under the Securities Act and available for re-sales of all of the Registrable Securities at all times until the earlier of:

(a) the date as of which the Investor may sell all of the Registrable Securities without restriction pursuant to Rule 144(b)(1)(i) promulgated under the Securities Act (or successor thereto); or

(b) the date on which the Investor shall have sold all the Registrable Securities

(the “Registration Period”).

The Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading.

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2.2 Rule 424 Prospectus

The Company shall, as required by applicable securities regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, the prospectus and prospectus supplements, if any, to be used in connection with re-sales of the Registrable Securities under the Registration Statement. The Investor and its counsel shall have a reasonable opportunity to review and comment upon such prospectus prior to its filing with the SEC. The Investor shall use its reasonable best efforts to comment upon such prospectus within five Business Days from the date the Investor receives the proposed final version of such prospectus.

2.3 Sufficient Number of Shares Registered

In the event the number of shares available under the Registration Statement is insufficient to cover all of the Registrable Securities, the Company shall amend the Registration Statement or file a new registration statement (a “New Registration Statement”), so as to cover all of such Registrable Securities as soon as practicable, but in any event not later than 20 Business Days after the necessity therefor arises. The Company shall use it reasonable best efforts to cause such amendment and/or New Registration Statement to become effective as soon as practicable following the filing thereof.

3.0 RELATED OBLIGATIONS

With respect to the Registration Statement and whenever any Registrable Securities are to be registered pursuant to Section 2.2 including on any New Registration Statement, the Company shall use its reasonable best efforts to effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations:

3.1         The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to any registration statement and the prospectus used in connection with such registration statement, which prospectus is to be filed pursuant to Rule 424 promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any New Registration Statement effective at all times during the Registration Period, and, during such period, comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities of the Company covered by the Registration Statement or any New Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such registration statement.

3.2         The Company shall permit the Investor to review and comment upon the Registration Statement or any New Registration Statement and all amendments and supplements thereto at least five Business Days prior to their filing with the SEC, and not file any document in a form to which Investor reasonably objects. The Investor shall use its reasonable best efforts to comment upon the Registration Statement or any New Registration Statement and any amendments or supplements thereto within five Business Days from the date the Investor receives the final version thereof. The Company shall furnish to the Investor, without charge any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to the Registration Statement or any New Registration Statement.

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3.3 Upon request of the Investor, the Company shall furnish to the Investor:

(a) promptly after the same is prepared and filed with the SEC, at least one copy of such registration statement and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits;

(b) upon the effectiveness of any registration statement, a copy of the prospectus included in such registration statement and all amendments and supplements thereto (or such other number of copies as the Investor may reasonably request); and

(c) such other documents, including copies of any preliminary or final prospectus, as the Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by the Investor. For the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor” hereunder.

3.4 The Company shall use reasonable best efforts to:

(a) register and qualify the Registrable Securities covered by a registration statement under such other securities or “blue sky” laws of such jurisdictions in the United States as the Investor reasonably requests;

(b) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period;

(c) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period; and

(d) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to:

(i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4;

(ii) subject itself to general taxation in any such jurisdiction; or

(iii) file a general consent to service of process in any such jurisdiction.

The Company shall promptly notify the Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding for such purpose.

3.5         As promptly as practicable after becoming aware of such event or facts, the Company shall notify the Investor in writing of the happening of any event or existence of such facts as a result of which the prospectus included in any registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and promptly prepare a supplement or amendment to such registration statement to correct such untrue statement or omission, and deliver a copy of such supplement or amendment to the Investor (or such other number of copies as the Investor may reasonably request). The Company shall also promptly notify the Investor in writing:

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(a) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a registration statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to the Investor by facsimile on the same day of such effectiveness and by overnight mail);

(b) of any request by the SEC for amendments or supplements to any registration statement or related prospectus or related information; and

(c) of the Company’s reasonable determination that a post-effective amendment to a registration statement would be appropriate.

3.6         The Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of any registration statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose.

3.7 The Company shall:

(a) cause all the Registrable Securities to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any (the “Principal Market”), if the listing of such Registrable Securities is then permitted under the rules of such exchange; or

(b) secure designation and quotation of all the Registrable Securities on the Principal Market.

The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section.

3.8         Upon the Investor’s written request, the Company shall cooperate with the Investor to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to any registration statement and enable such certificates to be in such denominations or amounts as the Investor may reasonably request and registered in such names as the Investor may request.

3.9         The Company shall at all times provide a transfer agent and registrar with respect to its Common Stock.

3.10 If reasonably requested by the Investor, the Company shall:

(a) immediately incorporate in a prospectus supplement or post-effective amendment such information as the Investor reasonably believes should be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities;

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(b) make all required filings of such prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and

(c) supplement or make amendments to any registration statement.

3.11        The Company shall use its reasonable best efforts to cause the Registrable Securities covered by any registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable Securities.

3.12        Within one Business Day after any registration statement which includes the Registrable Securities is ordered effective by the SEC, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Investor) confirmation that such registration statement has been declared effective by the SEC in the form attached hereto as Schedule A. Thereafter, if requested by the Investors at any time, the Company shall require its counsel to deliver to the Investors a written confirmation whether or not the effectiveness of such registration statement has lapsed at any time for any reason (including, without limitation, the issuance of a stop order) and whether or not the registration statement is current and available to the Investors for sale of all of the Registrable Securities.

3.13        The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable Securities pursuant to any registration statement.

4.0 OBLIGATIONS OF THE INVESTOR

4.1         The Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection with any registration statement hereunder. The Investor shall furnish to the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required to effect the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request.

4.2         The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any registration statement hereunder.

4.3         The Investor agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind described in Section 3.6 or the first sentence of 3.5, the Investor will immediately discontinue disposition of Registrable Securities pursuant to any registration statement(s) covering such Registrable Securities until the Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3.6 or the first sentence of 3.5. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to promptly deliver shares of Common Stock without any restrictive legend in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from the Company of the happening of any event of the kind described in Section 3.6 or the first sentence of Section 3.5 and for which the Investor has not yet settled.

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5.0 EXPENSES OF REGISTRATION

5.1            All reasonable expenses, other than sales or brokerage commissions, incurred in connection with registrations, filings or qualifications pursuant to Sections 2.0 and 3.0, including, without limitation, all registration, listing and qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the Company, if any, shall be paid by the Company.

6.0 INDEMNIFICATION

6.1         To the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Investor, each Person, if any, who controls the Investor, the members, the directors, officers, partners, employees, agents, representatives of the Investor and each Person, if any, who controls the Investor within the meaning of the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several (collectively, “Claims”), incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon:

(a) any untrue statement or alleged untrue statement of a material fact in the Registration Statement, any New Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading;

(b) any untrue statement or alleged untrue statement of a material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading;

(c) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law, including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to the Registration Statement or any New Registration Statement; or

(d) any material violation by the Company of this Agreement (the matters in the foregoing clauses (a) through (d) being, collectively, “Violations”).

The Company shall reimburse each Indemnified Person promptly as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6.1:

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(e) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity with (a) information about the Investor furnished in writing to the Company by such Indemnified Person expressly for use in connection with the preparation of the Registration Statement, any New Registration Statement or any such amendment thereof or supplement thereto or (b) information that such Indemnified Person instructed the Company to include in the Registration Statement pursuant to Section 3.10;

(f) with respect to any superceded prospectus, shall not inure to the benefit of any such person from whom the person asserting any such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any person controlling such person) if the untrue statement or omission of material fact contained in the superceded prospectus was corrected in the revised prospectus, as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant to Section 3.3 or Section 3.5, and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior to the use giving rise to a Violation and such Indemnified Person, notwithstanding such advice, used it;

(g) shall not be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3.3 or Section 3.5; and

(h) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld.

Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Investor pursuant to Section 9.0.

6.2          In connection with the Registration Statement or any New Registration Statement, the Investor agrees to severally and not jointly indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6.1, the Company, each of its directors, each of its officers who signs the Registration Statement or any New Registration Statement, each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (collectively and together with an Indemnified Person, an “Indemnified Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the Securities Act, the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information about the Investor furnished to the Company by the Investor expressly for use in connection with such registration statement or furnished by the Investor to the Company for inclusion in such registration statement under Section 3.10; and, subject to Section 6.4, the Investor will reimburse any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6.2 and the agreement with respect to contribution contained in Section 7.0 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Investor, which consent shall not be unreasonably withheld; provided, further, however, that the Investor shall be liable under this Section 6.2 for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to the Investor as a result of the sale of Registrable Securities pursuant to such registration statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Investor pursuant to Section 9.0.

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6.3          Promptly after receipt by an Indemnified Person or Indemnified Party under this Section 6.0 of notice of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 6.0, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the consent of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6.0, except to the extent that the indemnifying party is prejudiced in its ability to defend such action.

6.4          The indemnification required by this Section 6.0 shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

6.5 The indemnity agreements contained herein shall be in addition to:

(a) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others; and

(b) any liabilities the indemnifying party may be subject to pursuant to the law.

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7.0 CONTRIBUTION

7.1          To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6.0 to the fullest extent permitted by law; provided, however, that:

(a) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation; and

(b) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

8.0 REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS

8.1          With a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:

(a) make and keep public information available, as those terms are understood and defined in Rule 144;

(b) file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the applicable provisions of Rule 144;

(c) furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request:

(i) a written statement by the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act and the Exchange Act;

(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company; and

(iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without registration (for the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to the Investor” hereunder); and

(d) take such additional action as is requested by the Investor to enable the Investor to sell the Registrable Securities pursuant to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions to the Company’s Transfer Agent as may be requested from time to time by the Investor and otherwise reasonably cooperate with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144.

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8.2          The Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8.0 and that Investor shall, whether or not it is pursuing any remedies at law, be entitled to equitable relief in the form of a preliminary or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such terms or provisions.

9.0 ASSIGNMENT OF REGISTRATION RIGHTS

9.1          The Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Investor. The Investor may not assign its rights under this Agreement without the written consent of the Company, other than to an affiliate of the Investor.

10.0 AMENDMENT OF REGISTRATION RIGHTS

10.1        Provisions of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the Investor.

11.0 MISCELLANEOUS

11.1        A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable Securities.

11.2        Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered:

(a) upon receipt, when delivered personally;

(b) upon receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); or

(c) one Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive the same.

The addresses and facsimile numbers for such communications shall be:

If to the Company:

PREMIER EXHIBITIONS, INC.
3340 Peachtree Road N.E.
Atlanta, GA 30326

Attention:	Chief Financial Officer
Telephone:	404-842-2600
Facsimile:	404-842-2626

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With a copy to:

Derek Bork
Thompson Hine LLP
3900 Key Center
127 Public Square
Cleveland, Ohio 44114-1291

Telephone:	(216) 566-5800
Facsimile:	(216) 566-5527

If to the Investor:

Dinoking Tech Inc.
#110 - 11188 Featherstone Way
Richmond, British Columbia V6W 1K9
Canada 

Attention:	Chief Executive Officer
Facsimile:	(604) 277-1617

with a copy (which shall not constitute notice) to:

Dentons Canada LLP
20^th Floor, 250 Howe Street
Vancouver, British Columbia V6C 3R8
Canada 

Attention:	Catherine Wade
Facsimile:	(604) 683-5214

or at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each other party three Business Days prior to the effectiveness of such change. Written confirmation of receipt:

(d) given by the recipient of such notice, consent, waiver or other communication;

(e) mechanically or electronically generated by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission; or

(f) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (a), (b) or (c) above, respectively.

11.3        Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

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11.4        All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Florida, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Florida or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Florida. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of Florida, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

11.5       This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein. This Agreement supersedes all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof.

11.6       Subject to the requirements of Section 9.0, this Agreement shall inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto.

11.7       The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

11.8       This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

11.9       Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

11.10     The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no rules of strict construction will be applied against any party.

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11.11     This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

IN WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly executed as of day and year first above written.

PREMIER EXHIBITIONS, INC.
By:
	Name:
	Title:
By:
	Daoping Bao
By:
	Nancy Brenner

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Schedule A

TO REGISTRATION RIGHTS AGREEMENT

Form of Notice of Effectiveness of Registration Statement

[Date]

[TRANSFER AGENT]
____________________________

____________________________

Re: [___]

Ladies and Gentlemen:

We are counsel to PREMIER EXHIBITIONS, INC., a Florida corporation (the “Company”). The Company is party to that certain Merger Agreement, dated as of [___], 2015 (the “Merger Agreement”), entered into by and between the Company, Dinoking Tech, Inc., a company existing under the laws of the Province of British Columbia (“DK”), [●] LTD., a company existing under the laws of the Province of British Columbia (“Exchangeco”), [●] LTD., a company existing under the laws of the Province of British Columbia (“Newco”), Daoping Bao, a businessperson residing in Richmond, British Columbia (“Bao”), and Nancy Brenner, a businessperson residing in Delta, British Columbia (“Brenner” and together with Bao, the “Investors”), pursuant to which the Company agreed to issue to the Investors and register with the U.S. Securities & Exchange Commission the following shares of Common Stock:

(1)
(2)	(collectively, the “Applicable Shares”).

Pursuant to the Merger Agreement, the Company also entered into a Registration Rights Agreement, dated as of [___], 2015, with the Investors (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things, to register the Applicable Shares under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the Company’s obligations under the Merger Agreement and the Registration Rights Agreement, on [___], 2015, the Company filed a Registration Statement (File No. 333-[___]) (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the re-sale of the Applicable Shares.

In connection with the foregoing, we advise you that on [___], 2015, a member of the SEC’s staff has advised us by telephone that the SEC has entered an order declaring the Registration Statement effective under the Securities Act at [___] on [___], 2015 and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the SEC and the Applicable Shares are available for re-sale under the Securities Act pursuant to the Registration Statement and may issued without any restrictive legend.

Very truly yours,

[Company Counsel]

By:

cc:  Daoping Bao and Nancy Brenner

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EX-10.7

Exhibit 10.7

NEITHER THIS NOTE NOR THE COMMON STOCK INTO WHICH IT MAY BE CONVERTED HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND NEITHER MAY BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS SO REGISTERED OR UNLESS SOLD PURSUANT TO AN EXEMPTION THEREFROM.

AMENDED AND RESTATED

SECURED PROMISSORY NOTE AND GUARANTEE

April 2, 2015

FOR VALUE RECEIVED, Premier Exhibitions, Inc., a Florida corporation (the “Maker”) hereby promises to pay to the order of Daoping Bao (the “Agent” and the “Payee”) for and on behalf of the Lenders (as defined below), the principal sum set out on the grid attached to this Note, not to exceed THIRTEEN MILLION FIVE HUNDRED THOUSAND U.S DOLLARS ($13,500,000) together with interest, in each case in the manner described herein. Certain terms used herein are defined in Annex A.

This Amended and Restated Secured Promissory Note and Guarantee (this “Note”) amends and restates in their entirety (a) that certain PWCM Master Fund Ltd. Secured Promissory Note and Guarantee, dated as of September 30, 2014, made by Maker in favor PWCM Master Fund Ltd. in the principal amount of Seven Million U.S. Dollars, and (b) that certain Pentwater Credit Opportunities Master Fund Ltd Secured Promissory Note and Guarantee, dated as of September 30, 2014, made by Maker in favor Pentwater Credit Opportunities Master Fund Ltd. in the principal amount of One Million U.S. Dollars, in each case as assigned to Payee pursuant to that certain Assignment and Assumption Agreement, dated as of April 2, 2015 (collectively the “Existing Promissory Notes”) and is amended to increase the principal amount that may be advanced by the Payee and may be drawn by the Maker by up to an additional Five Million Five Hundred Thousand U.S. Dollars (the “Additional Principal Amount”) for an aggregate principal amount not to exceed Thirteen Million Five Hundred Thousand U.S. Dollars. Upon the effectiveness of this Note, the terms and provisions of the Existing Promissory Notes shall be superseded hereby.  Notwithstanding the amendment and restatement of the Existing Promissory Notes by this Note, the obligations outstanding under the Existing Promissory Notes as of April 2, 2015 shall remain outstanding and constitute continuing Obligations hereunder.  Such outstanding Obligations and the guarantees of payment thereof by the Guarantors shall in all respects be continuing, and this Note shall not be deemed to evidence or result in a novation or repayment and re-borrowing of such Obligations.  In furtherance of and, without limiting the foregoing, from and after the date hereof and except as expressly specified herein, the terms, conditions, and covenants governing the obligations outstanding under the Existing Promissory Notes shall be solely as set forth in this Note, including, without limitation, the Guarantors guarantees hereunder, which shall supersede the Existing Promissory Notes and guarantees provided therein in their entirety;

The lenders under this Note are listed in Appendix A hereto (the “Lenders”) and have authorized the Agent to act for and on their behalf in respect of all matters related to this Note. Agent hereby represents and warrants to Maker that the Lenders have granted Agent such authority and that all Lenders have agreed to the terms and conditions of this Note. The respective obligations of the Lenders hereunder are joint and several and the failure of any Lender to make any loan hereunder or to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder.

1.          Draw Downs. Agent and the Lenders hereby agree to make advances to Maker as follows:

a.           an advance by way of payoff of the Existing Promissory Notes, such advance to be made directly to the holders of the Existing Promissory Notes in the specific amounts owing to each of them on the date hereof representing the aggregate amount of $8,000,000;

b.           within five business days after receipt of a written notice from Maker requesting the second advance, an advance of $3,500,000 to be made between April 15, 2015 and April 30, 2015; provided that the proceeds of such advance shall be used solely for expenses related to (1) the build-out of the “Saturday Night Live: The Exhibition” project and (2) construction of Maker’s new facility located at 417 5^th Avenue, New York, New York; and

c.           within five business days after receipt of a written notice from Maker requesting the third advance, an advance of $2,000,000 to be made between May 15, 2015 and May 30, 2105,

provided that, (i) with respect to the request of an advance under Sections 1(b) or (c), the Agent and the Lenders are not required to make such advance if there shall have been an Event of Default under this Note relating to either the Maker or any Guarantor; and (ii) with respect to the advance under Section 1(b), the Agent and the Lenders are not required to make such advance if the requested drawdown is made at a time when the Business Cash Flow of the Maker set out at Schedule 6 hereto is less than 85% of the cumulative projected cash flow since the date of this Note.

In connection with the foregoing, the Agent and the Lenders agree that each advance hereunder shall be made via wire transfer to an account designated by Maker (and provided to Agent) on or prior to the date of such advance.

2.          Payments of Principal. Subject to the acceleration provisions of Section 11, all unpaid principal, fees and accrued and unpaid interest shall be due and payable in full on April 2, 2016 (the “Maturity Date”).

3.          Interest. The unpaid principal amount of this Note shall accrue interest on the basis of a 360 day year at 12% per annum, provided that upon the occurrence and during the continuance of an Event of Default, at the option of the Payee (other than with respect to an Event of Default under Section 10(e) hereof, in which case it shall be automatic), the outstanding principal amount of this Note and any accrued and unpaid interest and all other overdue amounts shall each bear interest until paid at the stated rate plus 3% per annum. Accrued interest shall be payable (a) upon the payment or prepayment of any principal owing under this Note (but only on the principal amount so paid or prepaid), (b) on the last business day of each month and (c) on the Maturity Date. In the event of a conversion of this Note prior to the Maturity Date pursuant to the terms set forth in Section 6, all accrued and unpaid interest shall be added to the principal amount being converted as of the date of conversion to determine the amount of securities into which this Note shall be converted.

4.          Prepayments. Immediately upon a Change of Control, other than a Permitted Change of Control, the Maker shall repay all unpaid principal at 105% of the principal amount outstanding plus all accrued and unpaid interest thereon and all other amounts hereunder. In addition, subject to the below, the Maker may at any time and from time to time prepay any principal amount of this Note in whole or in part subject to the below. Any repayment or prepayment, whether voluntary, mandatory, upon acceleration, or otherwise shall be made at 105% of the principal amount hereof and in the case of a conversion upon a Change of Control (other than a Permitted Change of Control), the principal amount shall be converted at 105% of the principal amount. If the Maker elects to prepay all or any part of this Note, it shall provide written notice of such election (a "Prepayment Notice") to the Payee fixing a date for prepayment of such amounts (the "Prepayment Date"), which date shall not be earlier than the fifth (5th) Business Day after the date of the Prepayment Notice (provided that the Maker shall have confirmed the Payee’s receipt of the Prepayment Notice on or prior to such date).

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5.          Payment Terms. All payments of principal of, and interest upon, this Note shall be made by the Maker to the Agent for and on behalf of the Lenders and shall be paid in cash in immediately available funds in lawful money of the United States by wire transfer to the bank account designated by the Payee in writing from time to time. All payments under this Note shall be made without withholding, defense, set-off, counterclaim or deduction. Payments and prepayments made to the Payee by the Maker hereunder shall be applied first to expenses recoverable under Section 16, then accrued interest and then to principal. If the due date of any payment under this Note would otherwise fall on a day that is not a business day, such due date shall be extended to the next succeeding business day, and interest shall be payable on any principal so extended for the period of such extension.

6.          Conversion.

(a)        Automatic Conversion. This Note shall, on the first Business Day after Shareholder Approval has been obtained (the “Conversion Date”), automatically be converted with respect to the entire principal amount of this Note then outstanding (plus accrued but unpaid interest thereon) into Common Stock of the Maker.

(b)        Conversion Price. In the event of any conversion under this Section 6, the price at which the principal amount of this Note shall be converted into shares of Common Stock of the Maker is $4.48, subject to adjustment as set forth herein (the "Conversion Price"). This Note shall be convertible into the number of fully paid and non-assessable shares of Common Stock equal to the quotient of (x) the principal amount of this Note being converted plus all accrued and unpaid interest with respect to such principal, divided by (y) the Conversion Price. No fractional shares of Common Stock shall be issued upon conversion of the Convertible Note. If the conversion would result in the issuance of any fractional share, the Maker shall, in lieu of issuing any fractional share, either, at its option, pay the Payee cash equal to the product of such fraction multiplied by the closing price of the Maker’s Common Stock on the Applicable Market on the Business Day immediately prior to the Conversion Date or round such fraction of a share up to the nearest whole share.

(c)         Conversion Mechanics. In connection with any conversion by the Payee under this Section 6, the Payee shall (i) surrender this Note to the Maker, and (ii) pay any transfer or similar tax if required. The Maker shall, promptly after surrender of this Note, issue to the Payee, or its designees, a certificate or certificates evidencing the number of shares of Common Stock of the Maker to which it shall be entitled. Such conversion shall be deemed to have been made immediately prior to the close of business on the Conversion Date and surrender of this Note, and the Person or Persons entitled to receive the shares of Common Stock of the Maker issuable upon such conversion shall be treated for all purposes as the record holder or holders of such shares of Common Stock as of such time and shall, with respect to such shares, have all of those rights of a holder of shares of Common Stock of the Maker.

7.          Adjustments; Reorganizations.

(a)         Adjustment for Stock Splits and Combinations. If the outstanding shares of Common Stock of the Maker shall be subdivided into a greater number of shares, or a dividend in Common Stock or other securities of the Maker convertible into or exchangeable for Common Stock (in which latter event the number of shares of Common Stock issuable upon the conversion or exchange of such securities shall be deemed to have been distributed) shall be paid in respect to the Common Stock of the Maker, the Conversion Price in effect immediately prior to such subdivision or at the record date of such dividend shall, simultaneously with the effectiveness of such subdivision or immediately after the record date of such dividend, be proportionately reduced, and conversely, if outstanding shares of the Common Stock of the Maker shall be combined into a smaller number of shares, the Conversion Price in effect immediately prior to such combination shall simultaneously with the effectiveness of such combination, be proportionately increased. Any adjustment to the Conversion Price under this Section 7(a) shall become effective at the close of business on the date the subdivision or combination referred to herein becomes effective.

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(b)        Reorganizations, Mergers, Consolidations or Reclassifications. In the event of any capital reorganization, any reclassification of the Common Stock of the Maker (other than a change in par value), or the consolidation or merger of the Maker with or into another Person (each a "Reorganization"), the Payee shall thereafter be entitled to receive, and provision shall be made therefor in any agreement relating to a Reorganization, upon conversion of this Note (or deemed conversion of this Note in the event that the Reorganization is consummated at such time as this Note is not otherwise convertible under the terms hereof), the kind and number of shares of Common Stock or other securities or property (including cash) of the Maker, or other corporation resulting from or surviving such Reorganization, to which a holder of the number of shares of the Common Stock of the Maker which this Note entitled the holder thereof to convert into immediately prior to such Reorganization would have been entitled to receive with respect to such Reorganization; and in any such case appropriate adjustment shall be made in the application of the provisions herein set forth with respect to the rights and interests thereafter of the Payee of this Note, to the end that the provisions set forth herein (including the specified changes and other adjustments to the Conversion Price) shall thereafter be applicable, as nearly as reasonably may be, in relation to any shares, other securities or property thereafter receivable upon conversion of this Note. In the event of a Reorganization in which the equity securities of the Maker into which this Note is then convertible are exchangeable for or convertible into securities of another issuer, the shares of common stock of which are securities registered under or subject to Section 12 or 15(d) of the Securities Exchange Act of 1934, as amended, any agreement relating to such Reorganization shall provide for the assumption of this Note by such issuer, to the extent not previously converted or redeemed, which Note shall thereafter be convertible into the shares of common stock of such issuer on the basis set forth in this Section 7(b). The provisions of this Section 7(b) shall similarly apply to successive Reorganizations.

(c)         Reservation of Stock Issuable Upon Conversion. The Maker shall, at all times after the Shareholder Approval has been obtained, reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the full conversion of this Note, such number of shares of Common Stock as shall from time to time be sufficient to effect a full conversion of this Note, and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the full conversion of all then outstanding Note, the Maker shall promptly take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.

(d)        No Impairment. The Maker shall not participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Maker, but shall at all times in good faith use its best efforts in carrying out all such action as may be reasonably necessary or appropriate in order to protect the conversion rights of the Payee against dilution or other impairment.

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8.          Guarantee.   The Guarantors hereby jointly and severally guarantee to the Payee and its successors and assigns the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise, including amounts that would become due but for the operation of the automatic stay under the Debtor Relief Laws) of the Obligations. The Guarantors hereby further jointly and severally agree that if the Maker shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise, including amounts that would become due but for the operation of the automatic stay under the Debtor Relief Laws) any of the Obligations strictly in accordance with the terms of any document or agreement evidencing any such Obligations, including in the amounts, in the currency and at the place expressly agreed to thereunder, irrespective of and without giving effect to any law, order, decree or regulation in effect from time to time of the jurisdiction where the Maker, any Guarantor or any other person obligated on any such Obligations is located, the Guarantors will promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal. The obligations of the Guarantors under this Section 8 are primary, absolute and unconditional, joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the obligations of the Maker under this Note, or any substitution, release or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it being the intent of this Section 8 that the obligations of the Guarantors hereunder shall be absolute and unconditional, joint and several, under any and all circumstances and shall apply to any and all Obligations now existing or in the future arising. The guarantee in this Section 8 is a continuing guarantee and is a guaranty of payment and not merely of collection, and shall apply to all Obligations whenever arising.

9.          Security Grant. As collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of all Obligations, each of the Obligors hereby pledges and grants to the Payee a security interest in all of such Obligor’s right, title and interest in the following property, assets and revenues, whether now owned by such Obligor or hereafter acquired and whether now existing or hereafter coming into existence (all of the property, assets and revenues described in this Section 9 being collectively referred to herein as the “Collateral”):

(a)         all accounts, as-extracted collateral, chattel paper (whether tangible or electronic), commercial tort claims, deposit accounts, documents, equipment, financial assets, fixtures, general intangibles, goods, pledged shares, instruments (including promissory notes), insurance, intellectual property, inventory, investment property, letter-of-credit rights, , payment intangibles, receivables and receivables records, securities, securities accounts, security entitlements and software (as each such term is defined in the UCC);

(b)         all other tangible and intangible property whatsoever; and

(c)         all proceeds of and to any of the Collateral,

provided that Collateral shall not include the Titanic Assets but in any event the Collateral shall include any and all proceeds of the Titanic Assets and all revenues, contracts and agreements arising out of the Titanic Assets, except with respect to any such proceeds, revenues, contracts and agreements received or entered into in violation of the Titanic Documents (such proceeds, revenues, contracts and agreements being referred to as the “Titanic Proceeds and Agreements”).

10.         Events of Default. An “Event of Default” shall exist hereunder if any one or more of the following events shall occur:

(a)         the Maker shall fail (i) to pay any principal or any portion thereof when due, or (ii) to pay any interest or any portion thereof or any other amount hereunder within three business days the same becomes due; or

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(b)          any Premier Party shall fail to perform or observe any term, covenant or agreement to be performed or observed by it contained in Sections 13 or 14; or

(c)          any Obligor shall fail to perform or observe any other covenant or agreement contained herein for ten days after notice thereof; or

(d)          any material representation or warranty of any Obligor made herein or in connection herewith proves to have been materially incorrect when made or reaffirmed; or

(e)          any Premier Party institutes or consents to any proceeding under any bankruptcy laws relating to it or to all or any part of its property, or is unable or admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of any Premier Party, as applicable; or any proceeding under a Debtor Relief Law relating to any Premier Party or to all or any part of its property is instituted without its consent and remains undismissed for thirty (30) days from the commencement of any such proceeding; or any judgment, writ, warrant of attachment or execution or similar process is issued or levied against all or any material part of its property and is not released, vacated or fully bonded within ten calendar days after its issue or levy; or

(f)          (i) a judgment against any Premier Party is entered for the payment of money exceeding $1,000,000 or (ii) a judgment against any Premier Party is entered that could result in a Lien on any of its property; and, absent procurement of a stay of execution, any such judgment (under clause (i) or (ii)) remains unbonded or unsatisfied for ten calendar days after the date of entry of judgment, or in any event later than 60 days prior to the date of any proposed sale thereunder; or

(g)          (i) failure of any Premier Party to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness under this Note) with an aggregate principal amount of $1,000,000 or more, in each case beyond the grace period, if any, provided therefor or (ii) breach or default by any Premier Party with respect to any term of (1) one or more items of Indebtedness in the aggregate principal amounts referred to in clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to such Indebtedness, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; or

(h)          (i) there shall occur any material damage to or loss of any material portion of the Titanic Assets or (ii) there shall be any material prohibition or material restriction on the ability of the Obligors to display or exhibit the Titanic Assets other than as set forth in the Titanic Documents on the date hereof, in each case that prevents PEM from operating exhibitions of the Titanic Assets; or

(i)           there shall have occurred any condition or event that has or is reasonably likely to have a Material Adverse Effect;

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(j)           if the Shareholder Approval is not obtained on or prior to the date that is 180 days after the Special Meeting; or

(k)          any Obligor shall contest the validity or enforceability of any part of this Note.

11.         Remedies. Upon the occurrence of any Event of Default specified in Section 10(e) above, the principal amount of this Note together with any interest thereon, all fees and all other Obligations (including the Prepayment Premium) shall become immediately and automatically due and payable, without presentment, demand, notice, protest or other requirements of any kind (all of which are hereby expressly waived by the Maker). Upon the occurrence and during the continuance of any other Event of Default, the Payee may, by written notice to the Maker, declare the principal amount of this Note together with any interest thereon to be due and payable, and the principal amount of this Note together with any such interest shall thereupon immediately become due and payable without presentment, further notice, protest or other requirements of any kind (all of which are hereby expressly waived by the Maker). Following any such demand, the Maker shall immediately pay to such holder all amounts due and payable with respect to this Note. If an Event of Default shall have occurred and is continuing the Payee shall have all of the rights and remedies with respect to the Collateral of a secured party under the UCC (whether or not the UCC is in effect in the jurisdiction where the rights and remedies are asserted) and such additional rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and other powers of ownership pertaining to the Collateral as if the Payee were the sole and absolute owner thereof (and each Obligor agrees to take all such action as may be appropriate to give effect to such right), in each case subject to the Payee’s compliance with the Titanic Documents. Notwithstanding the foregoing, the Payee’s exercise of its rights and remedies with respect to the Titanic Proceeds and Agreement, and the rights and obligations of any subsequent transferee (but not a pledgee) of the RMST Shares, are governed by and subject to the terms and conditions of the Titanic Documents.

If the Obligations are accelerated for any reason, including because of default, sale, transfer or encumbrance (including that by operation of law or otherwise), the Prepayment Premium will also be automatically due and payable regardless of whether the Obligations were voluntarily or involuntarily prepaid, repaid, paid, satisfied, distributed or discharged and shall constitute part of the Obligations, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of the Payee’s lost profits as a result thereof.  Any Prepayment Premium payable above shall be presumed to be the liquidated damages sustained by the Payee as the result of the early termination and the Maker agrees that it is reasonable under the circumstances currently existing.  THE MAKER EXPRESSLY WAIVES THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW WHICH PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE FOREGOING PREPAYMENT PREMIUM OR DAMAGES IN CONNECTION WITH ANY SUCH VOLUNTARY OR INVOLUNTARY ACCELERATION OF THIS NOTE, ANY RECISSION OF SUCH ACCELERATION, THE EARLIER MATURITY OF THIS NOTE OR THE COMMENCEMENT OF ANY INSOLVENCY PROCEEDING OR OTHER PROCEEDING PURSUANT TO ANY DEBTOR RELIEF LAWS, OR PURSUANT TO A PLAN OF REORGANIZATION.  The Maker expressly agrees that: (A) the Prepayment Premium and any discount on the loan provided for herein is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel, (B) the Prepayment Premium shall be payable notwithstanding the then prevailing market rates at the time payment is made, (C) there has been a course of conduct between the Payee and the Maker giving specific consideration in this transaction for such agreement to pay the Prepayment Premium and (D) the Maker shall be estopped hereafter from claiming differently than as agreed to in this paragraph.  The Maker expressly acknowledges that its agreement to pay the Prepayment Premium to the Payee as herein described is a material inducement to the Payee to accept this Note.

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12.         Obligors’ Representations. Each Obligor represents and warrants to the Payee as follows

(a) General Representations. It is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has full power and authority to execute, deliver and perform its obligations under this Note.  It has duly authorized and taken all other appropriate action for the execution, delivery and performance of this Note and any other document or instrument delivered pursuant hereto or in connection herewith and the consummation of the transactions provided for in this Note.  It has duly executed and delivered this Note and this Note constitutes its legal, valid and binding obligation, enforceable in accordance with its terms except as enforceability thereof may be limited by bankruptcy, insolvency, moratorium and similar laws and by equitable principles, whether considered at law or in equity.  Its execution and delivery of this Note, the performance of the transactions contemplated by this Note and the fulfillment of the terms of this Note will not (i) conflict with or violate any of its constitutive documents or its contractual obligations, (ii) conflict with or violate any order, judgment or decree of governmental authority binding on it, (iii) require any approval of its equityholders or any approval or consent of any Person under any contractual obligation of such Obligor, except for such approvals or consents which will be obtained on or before the date hereof, or (iv) conflict with or violate any applicable laws, or (v) result in or require the creation or imposition of any Lien upon any of its properties or assets (other than any Liens created hereunder).  It has duly obtained, effected or given all authorizations, consents, licenses, orders or approvals of or registrations or declarations with any governmental authority or any other Person required in connection with the execution and delivery of this Note and the performance of the transactions contemplated by this Note, and such authorizations, consents, licenses, orders or approvals of or registrations or declarations are in full force and effect. There has been no increase in salary or other compensation (cash or otherwise) payable or to become payable to any director, officer, contractor or advisor of an Obligor. There are no actions, suits or proceedings by or before any arbitrator or governmental authority pending against or, to the knowledge of such Obligor, threatened against or affecting any Premier Party (A) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (B) that involve this Note or the transactions contemplated hereby. It is not an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940. None of the reports, financial statements, certificates or other information furnished by or on behalf of such Obligor in connection with this Note contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

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(b)         Collateral Representations. It owns the Collateral purported to be owned by it or otherwise has rights or the power to transfer rights in the Collateral in which it purports to grant a security interest hereunder and no Lien exists upon the Collateral other than (i) the security interest created or provided for herein and (ii) Permitted Liens. The full and correct legal name, type of organization, jurisdiction of organization and mailing address of each Obligor are correctly set forth in Schedule 1. Except as set forth in the disclosures in the first six paragraphs of Item 1 of Part 1 of the Maker’s Annual Report on Form 10-K for the fiscal year ended February 28, 2014, no Obligor has been known by or used any other legal or fictitious name or been a party to any merger or consolidation, or acquired all of the assets of any Person, or acquired any of its property or assets out of such Obligor’s ordinary course of business. Each Obligor has not (A) within the period of four months prior to the date hereof, changed its location (as defined in Section 9-307 of the UCC), (B) since January 28, 2009 changed its name, (C)  heretofore become a “new debtor” (as defined in Section 9-102(a)(56) of the UCC) with respect to a currently effective security agreement previously entered into by any other Person, who is not an Obligor, or (D) changed its identity or corporate structure. The RMST Shares constitute and will constitute 100% of the issued and outstanding Equity Interests of RMST and the Maker is and will at all times while the Obligations are outstanding (other than contingent indemnity obligations) be the sole holder of record and the legal and beneficial owner, free and clear of all Liens, of the RMST Shares, and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, the RMST Shares. Schedule 2 correctly identifies the RMST Shares and the par value of the RMST Shares as of the date hereof. All certificates, agreements or instruments representing or evidencing the RMST Shares have been delivered to the Payee in a suitable form for transfer by delivery or accompanied by duly executed instruments of transfer or assignment in blank. The RMST Shares are duly authorized, validly existing, fully paid and non-assessable, and none of the RMST Shares are or will be while the Obligations are outstanding (other than contingent indemnity obligations) subject to any contractual restriction, or any restriction under the organizational documents of RMST, upon the pledge or, except as set forth in the Titanic Documents, transfer, assignment, disposal or sale thereof.

13.         Covenants. Each Obligor covenants and agrees as provided in Annex B.

14.         RMST Provisions.

(a) Representations.         The Obligors represent and warrants to the Payee as follows:

(i) the execution and delivery of this Note, the performance of the transactions contemplated by this Note, and the fulfillment of the terms of this Note, will not conflict with or violate any of the Titanic Documents or require any approval of the U.S. District Court for the Eastern District of Virginia, provided that any transfer, assignment (but not the pledge), disposal or sale of the RMST shares is subject to the Titanic Documents;

(ii) RMST is the sole owner of the Titanic Assets and has and at all times will have the sole rights and powers to transfer rights in the Titanic Assets subject in all respect to the Titanic Documents, and no Lien exists upon the Titanic Assets;

(iii) the location of each of the Titanic Assets is as described in Schedule 3;

(iv) there are no restrictions on the transfer, pledge, assignment, disposal or sale of the Titanic Assets except as set forth in the Titanic Documents;

(v) each of the Titanic Documents is enforceable and in full force and effect in all applicable United States jurisdictions;

(vi) all material documents entered into by RMST and all other material documents entered into by any Obligor relating to the Titanic Assets are described in Schedule 4 and (x) each such document is and shall remain while the Obligations are outstanding (other than contingent indemnity obligations) in full force and effect, (y) no defaults by any party exist thereunder, and (z) there shall be no amendments, modifications or waivers thereto that are adverse to the Payee in any material respect;

(vii) none of the Titanic Assets will be disposed, sold, assigned, pledged, donated, transferred or, except in the ordinary course of business, licensed or sublicensed while the Obligations are outstanding (other than contingent indemnity obligations); and

(viii) it is and shall remain in compliance with the Titanic Documents as in effect on the date hereof

9

(b) Single Purpose. RMST will take all steps necessary to continue its identity as a separate legal entity and to make it apparent to other Persons that it is an entity with assets and liabilities distinct from those of any other Person.  Without limiting the generality of the foregoing and the other provisions of this Note, RMST will comply with the special-purpose covenants set forth in Annex C.

15.         Governing Law; Submission to Jurisdiction; Waiver of Jury Trial, Etc. This Note shall be governed by, and construed in accordance with, the law of the State of New York. The Obligors and the Payee hereby submit to the exclusive jurisdiction of the United States District Court for the Southern District of New York and of any New York state court sitting in New York City, borough of Manhattan for the purposes of all legal proceedings arising out of or relating to this Note or the transactions contemplated hereby. This Note may be executed in any number of counterparts, each of which, when so executed, shall be deemed to be an original and all of which, taken together, shall constitute one and the same Note. Delivery of an executed counterpart of a signature page to this Note by electronic transmission shall be as effective as delivery of an original executed counterpart of this Note. This Section 15 shall survive the termination of this Note. EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THE ACTIONS OF THE PARTIES HERETO IN THE NEGOTIATION, PERFORMANCE OR ENFORCEMENT HEREOF.

16.         Expenses; Amendments; Notices. The Maker shall pay on demand all costs and expenses of the Payee (i) in connection with the negotiation, preparation, administration, execution and delivery of this Note and any other agreement in connection herewith, including filing fees, taxes, assessments, reasonable attorney’s fees and expenses, (ii) in connection with each amendment, forbearance, waiver, consent, refinancing, restructuring, reorganization (including any fees (including attorneys’ fees) and costs incurred by the Payee for any reason in respect of the bankruptcy of the Maker), enforcement or attempted enforcement, and any matter related thereto, and in each case including all reasonable out of pocket expenses of the Payee or the Payee’s attorneys that are related thereto, and (iii) the reasonable fees and costs of consultants, appraisers, accountants and the like engaged by the Payee in respect of the Maker’s obligations hereunder. The Maker shall reimburse, hold harmless and indemnify the Payee and its directors, officer, employees, advisors agents and affiliates from any and all loss, liability or legal or other expense with respect to or resulting from this Note, except losses or damages resulting from Payee’s own gross negligence or willful misconduct. This Note may not be changed, modified or terminated orally, but only by an agreement in writing signed by the Obligors and the Payee. All notices and other communications in respect of this Note shall be given or made in writing at the address as shall be designated by such party in a notice to the other party. Except as otherwise provided in this Note, all such communications shall be deemed to have been duly given when transmitted by electronic transmission or personally delivered or, in the case of a mailed notice, upon receipt, in each case given or addressed as aforesaid.

17.         Right of Setoff. The Payee and each of its affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by the Payee or any such affiliate to or for the credit or the account of any Obligor against any and all of the obligations of such Obligor now or hereafter existing hereunder to the Payee or, irrespective of whether or not the Payee shall have made any demand hereunder and although such obligations of such Obligor may be contingent or unmatured or are owed to a branch or office of the Payee different from the branch or office holding such deposit or obligated on such indebtedness. The rights of the Payee and its affiliates hereunder are in addition to other rights and remedies (including other rights of setoff) that the Payee or its affiliates may have.

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18.         Assignments. The Payee may at any time assign all or a portion of its rights and obligations under this Note without the prior written consent of the Obligors. From and after the effective date specified in each assignment and assumption, the assignee thereunder shall be a party to this Note and, to the extent of the interest assigned by such assignment and assumption, have the rights and obligations of the Payee under this Note, and the Payee shall, to the extent of the interest assigned by such assignment and assumption, be released from its obligations under this Note (and, in the case of an assignment and assumption covering all of the Payee’s rights and obligations under this Note, the Payee shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 15 with respect to facts and circumstances occurring prior to the effective date of such assignment.

19.         Board Meetings. One representative of the Payee shall be entitled to attend all board meetings of the Maker so long as the Obligations remain outstanding. Maker shall provide to Payee all board and committee meeting materials in advance of each board meeting.

20.         Exemption. This Note, and the rights and obligations of the parties hereunder, are subject to the delivery to the Maker by the Agent of an exemption certificate, in the form attached hereto as Annex D, duly completed and executed by each Lender who has advanced funds hereunder.

21.         Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any person shall be construed to include such person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Note in its entirety and not to any particular provision hereof, (d) all references herein to Sections, Annexes and Schedules shall be construed to refer to Sections, Annexes and Schedules of this Note and (e) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or regulation as amended, supplemented or otherwise modified from time to time.

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IN WITNESS WHEREOF, the Obligors have caused this Note to be executed and delivered by their duly authorized officers, as of the date and year and at a place first above written.

PREMIER EXHIBITIONS, INC.,
as the Maker
By:	/s/ Michael Little
Name:	Michael Little
Title:	Chief Executive Officer
PREMIER MERCHANDISING, LLC, as an Obligor
By:	/s/ Michael Little
Name:	Michael Little
Title:	Manager
RMS TITANIC, INC, as an Obligor
By:	/s/ Michael Little
Name:	Michael Little
Title:	Chief Executive Officer
PREMIER EXHIBITION MANAGEMENT LLC, as an Obligor
By: Premier Exhibitions, Inc., its Managing Member
By:	/s/ Michael Little
Name:	Michael Little
Title:	Chief Financial Officer
ARTS AND EXHIBITIONS INTERNATIONAL, LLC, as an Obligor
By: Premier Exhibition Management LLC, its Managing Member
By:	/s/ John Norman
Name:	John Norman
Title:	President

The undersigned hereby agrees and acknowledges the terms of the foregoing, on behalf of itself and the Lenders:

DAOPING BAO, as Agent
By:	/s/ Daoping Bao
	Daoping Bao

Appendix A

Lenders

a.           1030443 B.C. Ltd.

b.           High Nature Holding Limited

c.           Mandra Forestry Limited (subject to a name change)

d.           Lenge Feng

Appendix A

Annex A

Definitions. The following capitalized terms, when used in this Note, shall have the following meanings:

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Equity Interests having ordinary voting power for the election of directors of such Person or (ii) to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise.

“Applicable Market” means NASDAQ or, if the Maker's Common Stock is not listed for trading on NASDAQ at the applicable time, the Over-The-Counter Bulletin Board, if the trading of the Maker’s Common Stock is qualified for quotation thereon at the applicable time.

“Approval” means the approval of the Maker’s shareholders (a) by the affirmative vote of the holders of more than 50% of the Maker’s outstanding shares of Common Stock present and cast on the applicable proposal at the Special Meeting or other meeting of the Maker’s shareholders, in any such case at which a quorum is present, or such higher percentage as may be required by applicable law or the listing rules of NASDAQ as of the date of such meeting, or (b) by the affirmative vote of the holders of more than 50% of the Maker’s outstanding shares of Common Stock pursuant to written consents obtained in accordance with applicable law, or such higher percentage as may be required by applicable law or the listing rules of NASDAQ as of the date of such consents.

“BofA” means Bank of America, N.A.

“BofA LC Account” means the deposit account maintained by the Maker at BofA as collateral for the letters of credit issued by BofA.

“Cash” means money, currency or a credit balance in any demand or deposit account.

“Change of Control” means (i) the Maker shall cease to directly beneficially own and control 100% on a fully diluted bases of the economic and voting interest in the Equity Interests of RMST, (ii) any person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the date hereof, but excluding any employee benefit plan of such person and its subsidiaries and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) shall have acquired beneficial ownership (within the meaning of Rules 13d-3 and 13d-5 of the Exchange Act as in effect on the Closing Date) of Equity Interests of the Maker representing more than 27.5% of the voting interests represented by the issued and outstanding Equity Interests of the Maker (determined on a fully diluted basis but not giving effect to contingent voting rights that have not yet vested), and (iii) PEM shall cease to have the exclusive right to exhibit the Titanic Assets.

“Controlled Account” means a deposit account maintained by an Obligor at BofA that is subject to a deposit account control agreement in favor of the Agent, on behalf of the Lenders.

“Conversion Date” shall have the meaning set forth in Section 6(a) hereof.

“Conversion Price” shall have the meaning set forth in Section 6(b) hereof.

Annex A - 1

“Debtor Relief Law” means the Bankruptcy Reform Act of 1978, codified as 11 U.S.C. §§101 et seq, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.

“Excluded Accounts” means (i) each zero-balance account maintained by an Obligor at BofA, (ii) the Titanic Reserve Account and (iii) the BofA LC Account.

“Excluded Subsidiary” means each of Premier Exhibitions International, LLC, Exhibitions International, LLC, Premier Exhibitions NYC, Inc., PRXI International Holdings CV, RMS Titanic (UK) Ltd. and Premier Exhibitions (UK) Ltd.

“GAAP” means United States generally accepted accounting principles as in effect from time to time.

“Guarantors” means each of the signatories hereto other than the Maker and each person that has executed a joinder to this Note pursuant to clause (g) of Annex B.

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (g) all guarantees by such Person of Indebtedness of others, (h) all capital lease obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (j) all obligations, contingent or otherwise, of such Person in respect of bankers' acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person's ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor.

“Lien” means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease or license in the nature thereof) and any option, trust or other preferential arrangement having the practical effect of any of the foregoing and (ii) in the case of Equity Interests, any purchase option, call or similar right of a third party with respect to such Equity Interests.

Annex A - 2

“Material Adverse Effect” means a material adverse effect on and/or material adverse developments with respect to (i) the business, operations, properties, assets or condition (financial or otherwise) of the Maker and its Subsidiaries taken as a whole, (ii) the ability of any Obligor to fully and timely perform its Obligations, (iii) the legality, validity, binding effect or enforceability against an Obligor of this Note, or (iv) the rights, remedies and benefits available to, or conferred upon, the Payee under this Note.

“Material Agreement” means each of those agreements listed on Schedule 4 hereto.

“Merger” means the proposed transactions set out in the Merger Agreement.

“Merger Agreement” means that agreement among inter alia Daoping Bao, Nancy Brenner, Dinoking Tech Inc. and the Maker dated April 2, 2015.

“NASDAQ” means the market tier of The National Association of Securities Dealers Automated Quotation System, referred to as the NASDAQ National Capital Market.

“Obligations” means, collectively, (a) in the case of the Maker, all obligations of the Maker under this Note to pay principal, fees and interest (including default interest and the Prepayment Premium) on this Note and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing by the Maker to the Payee, and (b) in the case of the Guarantors, all obligations of the Guarantors in respect of its guarantee under Section 8 and all other obligations of the Guarantors under this Note and (c) in the case of each of the foregoing, including all interest thereon and expenses related thereto, including any interest or expenses accruing or arising after the commencement of any case under any Debtor Relief Law (whether or not such interest or expenses are enforceable, allowed or allowable as a claim in whole or in part in such case).

“Obligors” means the Maker and the Guarantors.

“PEM” means Premier Exhibitions Management LLC, a Florida limited liability company.

“Permitted Change of Control” means a Change of Control resulting from the implementation of the Merger.

“Permitted Investments” means (a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof and (b) investments in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States or any State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000;

“Permitted Liens” means, with respect to any person: (a) Liens arising by operation of law which were incurred in the ordinary course of business, including carriers’, warehousemen’s and mechanics’ Liens and other similar Liens arising in the ordinary course of business, and which (i) do not in the aggregate materially detract from the value of the property subject thereto or materially impair the use thereof in the operations of the business of such person or (ii) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing the forfeiture or sale of the property subject to such Liens and for which adequate reserves have been made if required in accordance with generally accepted accounting principles; (b) pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance or other similar social security legislation; (c) Liens securing taxes, assessments and other governmental charges, the payment of which is not yet due or is being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and for which such reserve or other appropriate provisions, if any, as shall be required by generally accepted accounting principles shall have been made; and (d) Liens securing any extension, renewal, replacement or refinancing of an indebtedness secured by a Lien permitted by this Note.

Annex A - 3

“Person” means and includes natural persons, corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal entities, and governmental authorities.

“Premier Party” means each Obligor and each Excluded Subsidiary.

“Prepayment Date” shall have the meaning set forth in Section 4 hereof.

“Prepayment Notice” shall have the meaning set forth in Section 4 hereof.

“Prepayment Premium” means any additional amounts and fees above the principal amount to be paid pursuant to Section 4.

“Proposal” means the following proposal: the issuance to the Payee for and on behalf the Lenders of the shares of Common Stock of the Maker issuable upon conversion of this Note, pursuant to all applicable rules under NASDAQ’s listing rules.

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interests in any of the Obligors or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Equity Interests or any option, warrant or other right to acquire any such Equity Interests.

“Reorganization” shall have the meaning set forth in Section 7(b) hereof.

“RMST” means RMS Titanic, Inc., a Florida corporation.

“RMST Shares” means all of the Equity Interests in RMST issued by RMST.

“SEC” means the Securities and Exchange Commission of the United States.

“Shareholder Approval” means the Approval by the Maker’s shareholders of the Proposal.

“Special Meeting” means the Maker’s special meeting of shareholders required to be called and held by it pursuant to the Merger Agreement, dated as of the date hereof, by and among Maker, 1032403 B.C. Ltd., Dinoking Tech, Inc., Daoping Bao and Nancy Brenner with respect to the Merger.

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof.

Annex A - 4

“Titanic Assets” means (a) the Titanic Collections, as defined in the Revised Covenants and Conditions set forth in the 2010 Opinion, and related supporting documentation and intellectual property owned by RMST, and (b) the Titanic Reserve Account.

“Titanic Documents” means (i) the Opinion issued by the United State District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 12, 2010 (the “2010 Opinion”); (ii) the Order issued by the United State District Court for the Eastern District of Virginia with respect to Action No. 2:93cv902, dated as of August 15, 2011; (iii) the Revised Covenants and Conditions for the Future Disposition of Objects Recovered from the R.M.S. Titanic by R.M.S. Titanic, Inc. pursuant to an in specie salvage award granted by the United States District Court for the Eastern District of Virginia, dated as of August 15, 2011 and (iv) the Process Verbal, issued on October 12, 1993 by the Maritime Affairs Administrator for the Ministry of Equipment Transportation and Tourism, French Republic to Titanic Ventures Limited Partnership, together with the letter of intent of Titanic Ventures Limited Partnership dated September 22, 1993.

“Titanic Reserve Account” means that certain trust reserve account established by RMST pursuant to Article V, Section D of the Revised Covenants and Conditions set forth in the 2010 Opinion.

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction.

Annex A - 5

Annex B

Each Obligor covenants and agrees as follows:

(a) Indebtedness. The Maker will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

(i) Indebtedness created hereunder;

(ii) Indebtedness existing on the date hereof and set forth in Schedule 5 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof;

(iii) Indebtedness with respect to letters of credit in an aggregate amount not to exceed $1,700,000 at any time;

(iv) Indebtedness of any Obligor to any other Obligor; and

(v) other unsecured Indebtedness in an aggregate principal amount not exceeding $25,000 at any time outstanding.

(b) Liens. The Maker will not, and will not permit any Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except:

(i) Permitted Liens;

(ii) Liens on cash collateral in an aggregate amount not to exceed $1,700,000 in the aggregate at any time securing potential reimbursement obligations in respect of the letters of credit permitted pursuant to clause (a)(iii) of this Annex B; and

(iii) Liens on the Titanic Reserve Account to the extent required by the Revised Conditions and Covenants set forth in the 2010 Opinion.

(c) Fundamental Changes. The Maker will not, and will not permit any Subsidiary to, merge into or consolidate with any other Person (other than an Obligor, provided that this exclusion shall not apply to RMST), or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any substantial part of its assets (other than to an Obligor, provided that this exclusion shall not apply to RMST), or all or substantially all of the stock of any of its Subsidiaries (in each case, whether now owned or hereafter acquired), or liquidate or dissolve.

(d) Investments, Loans, Advances, Guarantees and Acquisitions. The Maker will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not an Obligor prior to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except Permitted Investments and investments by the Maker existing on the date hereof in the capital stock of its Subsidiaries.

Annex B - 1

(e) Restricted Payments. The Maker will not, and will not permit any of its Subsidiaries other than Excluded Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests.

(f) Transactions with Affiliates. The Maker will not, and will not permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except in the ordinary course of business at prices and on terms and conditions not less favorable to the Maker or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties and transactions between or among the Maker and its Subsidiaries not involving any other Affiliate.

(g) Additional Subsidiaries; Further Assurances.

(i) The Maker shall cause each Subsidiary other than an Excluded Subsidiary to become a Guarantor and Obligor under this Note by executing and delivering to the Payee a joinder to this Note in form and substance reasonably satisfactory to the Payee. Each Obligor shall promptly from time to time give, execute, deliver, file, record, authorize or obtain all such financing statements, continuation statements, notices, instruments, documents, agreements or consents or other papers as may be necessary or, in the judgment of the Payee, desirable to create, preserve, perfect, maintain the perfection of or validate the security interest granted pursuant hereto or to enable the Payee to exercise and enforce its rights hereunder with respect to such security interest, provided that the Maker shall not be required to establish control of the Excluded Accounts in favor of the Payee to the extent permitted in clause (i) of this Annex C. No Obligor shall (A)  file or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement or like instrument with respect to any of the Collateral in which the Payee is not named as the sole secured party or (B) cause or permit any Person other than the Payee to have “control” (as defined in Section 9-104, 9-105, 9-106 or 9-107 of the UCC) of any deposit account or investment property constituting part of the Collateral.

(ii) If an Event of Default shall have occurred and be continuing, all dividends and other distributions on any pledged shares (including the RMST Shares) shall be paid directly to the Payee and retained by it as part of the Collateral. Each Obligor hereby expressly authorizes and instructs each issuer of any pledged shares (including RMST in respect of the RMST Shares) pledged hereunder to (A) comply with any instruction received by it from the Payee that (x) states that an Event of Default has occurred and is continuing and (y) is otherwise in accordance with the terms of this Note, without any other or further instructions from such Obligor, and (B) pay any dividend or other payment with respect to any pledged shares directly to the Payee. Without limiting any rights or powers granted by this Note to the Payee while no Event of Default has occurred and is continuing, upon the occurrence and during the continuance of any Event of Default, other than with respect to the Titanic Assets or actions governed by the Titanic Documents, the Payee is hereby appointed the attorney-in-fact of each Obligor for the purpose of carrying out the provisions of this Note and taking any action and executing any instruments that the Payee may deem necessary or advisable to accomplish the purposes, which appointment as attorney-in-fact is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, so long as the Payee shall be entitled under this Note to make collections in respect of the Collateral, the Payee shall have the right and power to receive, endorse and collect all checks made payable to the order of any Obligor representing any dividend, payment or other distribution in respect of the Collateral or any part thereof and to give full discharge for the same.

Annex B - 2

(h) Cash Management. All Cash of the Obligors shall be maintained at all times in a Controlled Account, provided that (1) each Excluded Account shall not be subject to the foregoing requirement so long as Cash in each such Excluded Account (other than the Titanic Reserve Account and the BofA LC Account) is swept into a Controlled Account at the end of each business day, provided further that no additional amounts shall be deposited into the Titanic Reserve Account or the BofA LC Account, except with respect to the Titanic Reserve Account as required by Article V, Section D, Clause 2 of the Revised Covenants and Conditions set forth in the 2010 Opinion.

(i) UCC Filings. The Maker shall promptly, and in any event within 15 business days after the date hereof, cause to be terminated any UCC filing not permitted hereunder.

(j) Deposit Account Control Agreement. The Maker shall use its best efforts to obtain a deposit account control agreement in favor of Payee within 15 days from the date hereof over any deposit accounts maintained by the Maker at BofA that are not Excluded Accounts.

(k) Capital Expenditures. The Obligors shall not invest in capital expenditures an amount in excess of Twenty-Five Thousand Dollars ($25,000) during any calendar year.

(l) Hedge Agreements. No Obligor shall enter into any hedge agreement, interest rate swap, cap, collar or floor agreement, or other interest rate management device with any Person in connection with any Indebtedness of such Obligor.

(m) Contracts. No Obligor shall enter into any contract after the date hereof, or extend any contract existing as of the date hereof, having a value in excess of Twenty-Five Thousand Dollars ($25,000) without the prior written consent of Payee, which consent shall not be unreasonably withheld.

(n) Employment Matters. No Obligor shall create a new executive-level position or hire a new executive-level employee; provided that, in consultation with, and with the consent of, the Payee, an Obligor may fill an executive-level position that becomes vacant after the date hereof. No Obligor shall increase the salary or other compensation (cash or otherwise) payable or to become payable to any director, officer, contractor or advisor of an Obligor beyond the respective amounts paid to such individuals as of the date hereof.

(o) Material Agreements. No Obligor shall amend or terminate a Material Agreement without the Payee’s prior written consent.

Annex B - 3

Annex C

RMST shall:

(a)  Maintain accurate and appropriately detailed books, financial records and accounts, including bank accounts and custodian and other securities safekeeping accounts, that are separate and distinct from those of any other person;

(b)  Maintain its books, financial records and accounts (including inter-entity transaction accounts) in a manner so that it will not be difficult or costly to segregate, ascertain or otherwise identify its assets and liabilities;

(c)  Not commingle any of its assets, funds, liabilities or business functions with the assets, funds, liabilities or business functions of any other Person;

(d) Observe all appropriate corporate procedures and formalities;

(e)  Not enter into any guaranty of, or otherwise become liable for, or pledge its assets to secure, the liabilities, debts or obligations of any other Person (except pursuant to this Note);

(f) Not create, incur, assume or permit to exist any Indebtedness or create, incur, assume or permit to exist any Liens, in each case except for Indebtedness and Liens under this Note;

(g)  Hold itself out as separate and distinct from any other Person and not identify itself as a division or department of any other Person;

(h)  Ensure that decisions with respect to its business and daily operations shall be independently made (although the individual making any particular decision may also be an employee, officer or director of any one or more of its Affiliates) and shall not be dictated by its Affiliates;

(i)  Maintain separate annual financial statements prepared in accordance with GAAP showing its assets and liabilities separate and distinct from those of any other person; and

(j)  Not make any loans or investments to any Person or buy or hold any indebtedness or other obligations issued by any other person.

Annex C - 1

Annex D

EXEMPTION CERTIFICATE

TO: PREMIER EXHIBITIONS, INC. (the “Maker”)

Capitalized terms not otherwise defined herein or Appendix A attached hereto shall have the meanings ascribed to them in the Amended and Restated Secured Promissory Note and Guarantee dated April 2, 2015 (the "Note") to which this Annex D is attached.

The Lender understands that the Maker and its counsel are relying upon the information provided by the Lender in this certificate, in determining to sell securities to the Lender in a manner exempt from the prospectus requirements of applicable securities legislation in the province of British Columbia (“Securities Legislation”).

The Lender represents, warrants and certifies to the Maker and its counsel that as at the date hereof and as at the date of the Note he, she or it is, or is deemed to be, purchasing the Note as principal for his, her or its own account, not for the benefit of any other Person, and that he, she or it fully complies with one of the criteria set out below (beside which the Lender has indicated by checkmark that the Lender complies with such criteria):

1. ¨ The Lender is resident in the Province of British Columbia and are an accredited investor as defined under National Instrument 45-106 Prospectus and Registration Exemptions, by virtue of the fact that the Lender falls within one of the categories of a accredited investor reproduced in Appendix A attached hereto (beside which the Lender has indicated by checkmark that the Lender belongs to such category), and the Lender was not created or used solely to purchase securities as an accredited investor as described in paragraph (m) of the definition of accredited investor; or

2. ¨ the Lender is not resident in Canada or the United States and:

(a) the Lender is knowledgeable of, or has been independently advised as to the applicable securities laws of the securities regulatory authorities (the “Authorities”) having application in the jurisdiction in which the Lender is resident (the “International Jurisdiction”) which would apply to the purchase of the Note, if any;

(b) the Lender is purchasing the Note pursuant to exemptions from the prospectus and registration requirements under the applicable securities laws of the Authorities in the International Jurisdiction or, if such is not applicable, the Lender is permitted to purchase the Purchased Securities under the applicable securities laws of the Authorities in the International Jurisdiction without the need to rely on any exemption;

(c) the Lender confirms that the purchase of the Note does not contravene any applicable securities laws of the Authorities in the International Jurisdiction and does not require the Maker to make any filings or seek any approvals of any nature whatsoever from any Authority of any kind whatsoever in the International Jurisdiction in connection with the issue and sale or resale of the Note; and

(d) confirm that the purchase of the Note by the Lender does not trigger:

Annex D - 1

(i) an obligation by the Maker or any other person to prepare and file a registration statement, prospectus or similar document, or any other report with respect to such purchase in the International Jurisdiction; or

(ii) continuous disclosure reporting obligations of the Maker in the International Jurisdiction; and

the Lender will, if requested by the Maker, comply with such other requirements as the Maker may reasonably require.

Dated:	Signed:
Witness (If Lender is an individual)	Print the name of Lender
Print the name of Witness	If the Lender is a corporation, print name and title of Authorized Signing Officer

Annex D - 2

Appendix A to Annex D

[Please check the box of the applicable category of accredited investor]

¨	(a)	a Canadian financial institution, or a Schedule III bank;
¨	(b)	the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada);
¨	(c)	a subsidiary of any Person referred to in paragraphs (a) or (b), if the Person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary;
¨	(d)	a Person registered under the Securities Legislation as an adviser or dealer, other than a Person registered solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);
¨	(e)	an individual registered or formerly registered under the Securities Legislation as a representative of a Person referred to in paragraph (d);
¨	(f)	the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the Government of Canada or a jurisdiction of Canada;
¨	(g)	a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion de la taxe scolaire de l’île de Montréal or an intermunicipal management board in Québec;
¨	(h)	any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of that government;
¨	(i)	a pension fund that is regulated by the Office of the Superintendent of Financial Institutions (Canada), a pension commission or similar regulatory authority of a jurisdiction of Canada;
¨	(j)	an individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000;
¨	(k)	an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
¨	(l)	an individual who, either alone or with a spouse, has net assets of at least $5,000,000;
¨	(m)	a Person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements and that was not created solely as an accredited investor under this definition;
¨	(n)	an investment fund that distributes or has distributed its securities only to
		(i)	a Person that is or was an accredited investor at the time of the distribution,

Annex D - 3

		(ii)	a Person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount investment] and 2.19 [Additional investment in investment funds] of NI 45-106, or
		(iii)	a Person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund reinvestment] of NI 45-106;
¨	(o)	an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the regulator or, in Québec, the securities regulatory authority, has issued a receipt;
¨	(p)	a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act (Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully managed account managed by the trust company or trust corporation, as the case may be;
¨	(q)	a Person acting on behalf of a fully managed account managed by that Person, if that Person
		(i)	is registered or authorized to carry on business as an adviser or the equivalent under the securities laws of a jurisdiction of Canada or a foreign jurisdiction, and
		(ii)	in Ontario, is purchasing a security that is not a security of an investment fund;
¨	(r)	a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility adviser or an adviser registered under the Securities Legislation of the jurisdiction of the registered charity to give advice on the securities being traded;
¨	(s)	an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or paragraph (i) in form and function;
¨	(t)	a Person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are Persons that are accredited investors;
¨	(u)	an investment fund that is advised by a Person registered as an adviser or a Person that is exempt from registration as an adviser, or
¨	(v)	a Person that is recognized or designated by the securities regulatory authority or, except in Ontario and Québec, the regulator as an accredited investor.

The following terms have the following meanings:

(a) “Canadian financial institution” means

(i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or

(ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

Annex D - 4

(b) “entity” means a company, syndicate, partnership, trust or unincorporated organization;

(c) “financial assets” means cash, securities, or a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of Securities Legislation;

(d) “fully managed account” means an account of a client for which a Person makes the investment decisions if that Person has full discretion to trade in securities for the account without requiring the client’s express consent to a transaction;

(e) “investment fund” means a mutual fund or a non-redeemable investment fund, and, for greater certainty in British Columbia, includes an employee venture capital corporation that does not have a restricted constitution, and is registered under Part 2 of the Employee Investment Act (British Columbia), R.S.B.C. 1996 c. 112, and whose business objective is making multiple investments and a venture capital corporation registered under Part 1 of the Small Business Venture Capital Act (British Columbia), R.S.B.C. 1996 c. 429 whose business objective is making multiple investments;

(f) “mutual fund” means:

(i) for the purposes of British Columbia law,

(A) an issuer of a security that entitles the holder to receive on demand, or within a specified period after demand, an amount computed by reference to the value of a proportionate interest in the whole or in a part of the net assets, including a separate fund or trust account, of the issuer of the security,

(B) an issuer described in an order that the commission may make under section 3.2 of the Securities Act (British Columbia), and

(C) an issuer that is in a class of prescribed issuers,

but does not include an issuer, or a class of issuers, described in an order that the commission may make under section 3.1 of the Securities Act (British Columbia);

(ii) for the purposes of Alberta law,

(A) an issuer whose primary purpose is to invest money provided by its security holders and whose securities entitle the holder to receive on demand, or within a specified period after demand, an amount computed by reference to the value of a proportionate interest in the whole or in part of the net assets, including a separate fund or trust account, of the issuer, or

(B) an issuer that is designated as a mutual fund under section 10 of the Securities Act (Alberta) or in accordance with the regulations,

but does not include an issuer, or class of issuers, that is designated under section 10 of the Securities Act (Alberta) not to be a mutual fund;

Annex D - 5

(iii) for the purposes of Ontario law, an issuer whose primary purpose is to invest money provided by its security holders and whose securities entitle the holder to receive on demand, or within a specified period after demand, an amount computed by reference to the value as a proportionate interest in the whole or in part of the net assets, including a separate fund or trust account, of the issuer;

(iv) for the purposes of Quebec law,

(A) an issuer whose primary purpose is to invest money provided by its security holders and whose securities entitle the holder to receive on demand or within a specified period after demand an amount computed by reference to the value of a proportionate interest in the whole or in part of the net assets, including a separate fund or trust account, of the issuer; or

(B) a mutual fund designated under section 272.2 of the Securities Act (Quebec) or determined by regulation;

(g) “NI 45-106” means National Instrument 45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators;

(h) “non-redeemable investment fund” means an issuer,

(i) whose primary purpose is to invest money provided by its securityholders,

(ii) that does not invest,

(A) for the purpose of exercising or seeking to exercise control of an issuer, other than an issuer that is a mutual fund or a non-redeemable investment fund, or

(B) for the purpose of being actively involved in the management of any issuer in which it invests, other than an issuer that is a mutual fund or a non-redeemable investment fund, and

(iii) that is not a mutual fund;

(i) “regulator” means the person referred to in Appendix D of National Instrument 14-101 Definitions opposite the name of the local jurisdiction;

(j) “related liabilities” means liabilities incurred or assumed for the purpose of financing the acquisition or ownership of financial assets or liabilities that are secured by financial assets;

(k) “Schedule III bank” means an authorized foreign bank named in Schedule III of the Bank Act (Canada);

(l) “securities regulatory authority” means the securities commission or similar regulatory authority listed in Appendix C of National Instrument 14-101 Definitions opposite the name of the local jurisdiction; and

Annex D - 6

(m) “spouse” means an individual who

(i) is married to another individual and is not living separate and apart within the meaning of the Divorce Act (Canada), from the other individual,

(ii) is living with another individual in a marriage-like relationship, including a marriage-like relationship between individuals of the same gender, or

(iii) in Alberta, is an individual referred to in paragraph (i) or (ii), or is an adult interdependent partner within the meaning of the Adult Interdependent Relationships Act (Alberta).

(n) "subsidiary" means an issuer that is controlled directly or indirectly by another issuer and includes a subsidiary of that subsidiary.

For purposes of the definition of “subsidiary”, a Person (first Person) is considered to control another Person (second Person) if (a) the first Person, directly or indirectly, beneficially owns or exercises control or direction over securities of the second Person carrying votes which, if exercised, would entitle the first Person to elect a majority of the directors of the second Person, unless that first Person holds the voting securities only to secure an obligation, (b) the second Person is a partnership, other than a limited partnership, and the first Person holds more than 50% of the interests of the partnership, or (c) the second Person is a limited partnership and the general partner of the limited partnership is the first Person.

Annex D - 7

Schedule 1

Legal Names of Obligors

Legal Name of Obligor	Type of Entity	Jurisdiction of Organization	Mailing Address
Premier Exhibitions, Inc.	Corporation	Florida	3340 Peachtree Rd NE Suite 900 Atlanta, Georgia 30326
RMS Titanic, Inc.	Corporation	Florida	3340 Peachtree Rd NE Suite 900 Atlanta, Georgia 30326
Premier Exhibition Management LLC	Limited Liability Company	Florida	3340 Peachtree Rd NE Suite 900 Atlanta, Georgia 30326
Arts and Exhibitions International, LLC	Limited Liability Company	Florida	3340 Peachtree Rd NE Suite 900 Atlanta, Georgia 30326
Premier Merchandising, LLC	Limited Liability Company	Delaware	3340 Peachtree Rd NE Suite 900 Atlanta, Georgia 30326

Schedule 1 - 1

Schedule 2

RMST Shares

Pledgor	Name of Subsidiary	Shares	Certificate Number	Par Value
Premier Exhibitions, Inc.	RMS Titanic, Inc.	10,000	1	0.0001

Schedule 2 - 1

Schedule 3

Location of Titanic Assets

Permanent Locations

· Titanic the Artifact Exhibition: 7324 International Drive, Orlando, FL 32819, United States

· Premier Exhibition Center: 7711 Beach Blvd., Buena Park, CA 90620, United States

· Titanic: The Artifact Exhibition within The Luxor Hotel and Casino, 3900 Las Vegas Blvd South, Las Vegas, NV 89119, United States

Traveling Exhibitions

·	Brussels Expo, Brussels, Belgium	Through November 30, 2014
·	Technic Museum Speyer, Speyer, Germany	December 20, 2014  June 28, 2015
·	Imagination Station, Toledo, OH 43604, United States	Through September 21, 2014
·	Palexpo Opus One/Encore B, Geneva, Switzerland,	October 10, 2014 – February 1, 1014
·	Discovery Park of America, Union City TN	January 31, 2015 – May 3, 2015
·	National Mississippi River Aquarium, Dubuque, IA	May 23, 2015 – September 30- 2015
·	V&A Waterfront, Expo 24, Cape Town, South Africa	June 25, 2015 – August 30, 2015

Artifacts on Loan Agreement

Titanica at the Ulster Folk & Transport Museum, Belfast, Ireland

Titanic: Return to Cherbourg, La Cite de la Mer, Cherbourg, France

Conservation Warehouse

On Deposit in Bank

c/o McGuire Woods, Norfolk, Virginia

Schedule 3 - 1

Schedule 4

Material Agreements of RMST

Material Agreements related to Titanic Assets

Name of Document	Parties	Date
Intercompany Agreement	Premier Exhibitions, Inc. RMS Titanic, Inc.	March 1, 2012
Restated Intercompany Services and Exhibition Touring Rights License Agreement	Premier Exhibition Management LLC RMS Titanic, Inc.	March 1, 2012
Binding Deal Memo for “Titanic…The Artifact Exhibition”	Premier Exhibition Management LLC Discovery Park of America, Inc.	September 8, 2014
Binding Deal Memo for “Titanic…The Artifact Exhibition”	Premier Exhibition Management LLC Historiches Museum der Pfalz Speyer	February 13,2014
Binding Deal Memo for “Titanic…The Artifact Exhibition”	Premier Exhibition Management LLC Fire-Starter SA, Belgium	July 11, 2014
Binding Deal Memo for “Titanic…The Artifact Exhibition	Premier Exhibition Management LLC Opus One S.A., Switzerland	May 2, 2014
Binding Deal Memo for “Titanic…The Artifact Exhibition”	Premier Exhibition Management LLC Toledo Science Center d/b/a Imagination Station	October 10, 2012
Amendment of “Titanic…The Artifact Exhibition” Binding Deal Memo	Premier Exhibition Management LLC Toledo Science Center d/b/a Imagination Station	December 19, 2013
Second Amendment of “Titanic…The Artifact Exhibition” Binding Deal Memo	Premier Exhibition Management LLC Toledo Science Center d/b/a Imagination Station	March 19, 2014
Non-Binding Term Sheet for Titanic: the Artifact Exhibition	Premier Exhibition Management LLC Perlage Grandi Eventi	July 7, 2014

Schedule 4 - 1

Schedule 5

Existing Indebtedness

· Revenue Payment Agreement, entered into as of April 17, 2014, by and between AEG Live LLC and Premier Exhibition Management LLC. Premier pays AEG different percentage royalties on various exhibitions through April 20, 2017.

· Purchase note in connection with the acquisition of the Orlando exhibition, in the amount of $183,000, due in December 2015 and payable by the Maker.

· Capital leases of the Maker totaling $83,000 due between June, 2015 and Sept, 2017.

· Indebtedness of the Maker, if any, under the Agreement of Lease dated as of April 9, 2014 between the Maker and 417 Fifth Ave Real Estate LLC.

Schedule 5 - 1

EX-10.8

Exhibit 10.8

CONSULTING AGREEMENT

This Consulting Agreement (this “Agreement”) is effective as of April 2, 2015 and is made by and between PREMIER EXHIBITIONS, INC., a Florida corporation (the “Company”), and Samuel S. Weiser (the “Executive” or “Employee”). The Company and Executive may be referred to individually as a “Party” or collectively as the “Parties.”

In consideration of the promises and the mutual covenants set forth in this Agreement, the delivery and sufficiency of which is acknowledged, and intending to be legally bound, the Company and Executive, hereby agree as follows:

1.          Resignation. Executive hereby resigns as Executive Chairman and as a member of the Board of Directors of the Company, effective as of the date hereof. Executive hereby resigns from any other position as an employee, officer or director that Executive holds with the Company or any of its direct or indirect wholly owned or majority owned subsidiaries, effective as of the date hereof. Executive agrees to provide from time-to-time any further written resignations or confirmations reasonably necessary to evidence any of the foregoing resignations.

2.          Agreement Terminations. The Employment Agreement, dated as of August 28, 2014, by and between the Company and Executive (the “Employment Agreement”) is hereby terminated, effective as of the date hereof. Executive shall be entitled to no further compensation, reimbursements or benefits under the Employment Agreement. The Separation Agreement and Release, dated June 20, 2014, by and between the Company and Executive (the “Separation Agreement”) shall survive in accordance with its terms, except as expressly modified by Section 3 below.

3.          Continuing Payments under Separation Agreement. (a) As contemplated by Section 3(a) of the Employment Agreement, the remaining Separation Amount payable in twelve (12) equal monthly installments to Executive under Section 2(a) of the Separation Agreement shall recommence as of the date hereof. The Parties agree that there are ten (10) remaining payments of $10,000 per month that will be paid to Executive commencing in April 2015 and concluding with the last payment in January 2016. Each payment shall be made on the first business day of the month. The Company will issue Executive a Form W-2 for the Separation Amount payments. The payment of the remaining Separation Amount payments shall be subject to all applicable governmental withholdings.

(b)   As contemplated by Section 4(b) of the Employment Agreement, the remaining payments for reimbursement of health insurance premiums payable in twelve (12) equal monthly installments to Executive under Section 2(d) of the Separation Agreement shall recommence as of the date hereof. The Parties agree that there are ten (10) remaining payments of $2,775.17 per month that will be paid to Executive commencing in April 2015 and concluding with the last payment in January 2016.

(c)   Under Section 2(c) of the Separation Agreement the Company shall pay the full lease amount (not to exceed Two Thousand Dollars ($2,000) per month) for the office space currently leased to the Company and used by Employee in Chicago, Illinois. These payments shall be made on a monthly basis. Employee shall be permitted to use such office space through June 30, 2015. All fees and costs associated with maintaining such office other than the monthly lease payments shall be made by Employee.

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(d)        Except as expressly set forth in Sections 3(a), 3(b) or 3(c), Executive shall be entitled to no further compensation, reimbursements or benefits under the Separation Agreement.

4.          Consulting Fees. Between the date hereof and September 30, 2015, Executive shall make himself reasonably available to the Company through his consulting firm, Foxdale Management LLC, to provide consulting advice, information regarding historical Company transactions, and transition services as and when reasonably requested by the Company. Executive shall be required to provide such services only upon reasonable advance notice, during normal business hours and not to exceed ten (10) hours per month. In consideration of these services, the Company shall pay Foxdale Management LLC the aggregate sum of Three Hundred Thousand Dollars ($300,000), which shall be paid as follows: (a) $20,000 shall be paid per month, on the first business day of each month, commencing with April 2015 and through the month in which the Company closes a strategic merger transaction or a financing transaction that results in the pay-off of Pentwater Credit Opportunities Fund Ltd. and PWCM Master Fund Ltd. (a “Transaction”); and (b) the balance of the $300,000 shall be paid on the earlier of the following dates: the closing of a Transaction or on September 30, 2015. The Company agrees to reimburse Executive for the attorney fees incurred by Executive in negotiating and executing this Agreement, not to exceed $5,000.

5.          Equity Awards. (a) Effective as of the date hereof, with respect to the stock option relating to 15,000 (post reverse stock split) shares of the Company’s common stock granted to Executive under the First Amendment to Employment Agreement, dated June 12, 2013, by and between the Company and Executive, the exercise price of such option is hereby reduced to $4.48 per share and the term of such option is hereby extended for a period of five (5) years from and after the date of this Agreement. The amended option shall be represented by an amended grant letter, the terms of which shall be consistent with this section, to be issued by the Company to Executive promptly after the date hereof. All other equity awards and equity-based awards previously granted by the Company to Executive shall remain in effect in accordance with their terms.

(b)   The Company agrees that, at any time on or after the date that is ninety (90) days after the date of this Agreement, upon Executive’s request, it shall promptly remove, or cause to be removed, all restrictive legends from the share certificates representing the common stock of the Company held by Executive.

6.          Acknowledgment of No Other Payments or Benefits. Except for the payments, benefits and awards set forth in Sections 3, 4 and 5 of this Agreement, Executive is entitled to no other compensation, reimbursements or benefits from the Company. Executive’s eligibility for coverage as an active employee under all employee benefit plans maintained by the Company has terminated as of the date hereof.

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7.          Mutual Release. The Parties, for themselves and on behalf of each of their respective successors and assigns, general and limited partners, managers, directors, officers, representatives, attorneys, shareholders, agents and employees, hereby irrevocably and unconditionally release, acquit and forever discharge the other Party and the other Party’s successors and assigns, general and limited partners, managers, directors, officers, representatives, attorneys, shareholders, agents and employees (collectively, “Releasees”) from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages, remedies, actions, causes of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs) of any nature whatsoever, known or unknown, whether in law or equity and whether arising under federal, state or local law, and in particular including any claim for discrimination based upon race, color, ethnicity, sex, age, national origin, religion, disability, or any other unlawful criterion or circumstance, that either of them had, now has, or may have in the future against the other Party and/or any of the other Party’s Releasees arising on or before the date hereof and arising out of or relating to the Executive’s employment relationship or the termination of that relationship with the Company and/or its affiliates and the Executive’s service on the Board of Directors of the Company and/or its affiliates. This mutual release includes, but is not limited to, any rights or claims arising under any statute, including the Employment Retirement Income Security Act of 1974, Title VII if the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefit Protection Act, the American Disabilities Act, the Family and Medical Leave Act, the Fair Labor Standards Act, or any other foreign, federal, state or local law or judicial decision, including, but not limited to, any rights or claims under any policy, plan, agreement, understanding or promise, written or oral, formal or informal, between Executive and the Company, in each case except as may not be released hereunder under applicable law. This mutual release does not include any recourse that either Party may have against the other Party pursuant to this Agreement.

8.          Non-disparagement. Each Party agrees that he or it will not make any statements, written or verbal, that disparage the other Party and/or the other Party’s Releasees. The Company shall make its officers and directors aware of the obligation set forth in this section. If either Party or its Releasees breaches the provisions of this section, the breaching party will be liable to the other party for any damages incurred as a result of such breach. The Parties acknowledge that equitable relief, including but not limited to specific performance by injunction, would be an appropriate remedy for the breach of this section.

9.          Return of Property. Within ten (10) days after the date of this Agreement, Executive will return, at the Company’s expense, all physical property of the Company in Executive’s possession. To the extent such information is in electronic form, Executive will irretrievably delete it to the best of his ability.

10.        Non-Interference. Executive agrees that between the date of this Agreement and September 30, 2015, Executive shall not knowingly take any action that would dissuade, directly impede or prevent any of the three potential transaction partners discussed at the meeting of the Company’s Board of Directors held on March 24, 2015 from submitting a competitive bid to acquire or provide financing to the Company.

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11.        Miscellaneous.

(a)        Governing Law, Venue. The provisions of this Agreement will be governed by and construed in accordance with the laws of the State of Georgia without giving effect to the principles of conflict of laws of such State. The Executive agrees that the state and federal courts located in Fulton County in the State of Georgia shall have jurisdiction in any action, suit, or proceeding against the Executive based on or arising out of this Agreement and the Executive hereby: (a) submits to the personal jurisdiction of such courts; (b) consents to service of process in connection with any action, suit or proceeding against the Executive; and (c) waives any other requirement (whether imposed by statute, rule of court or otherwise) with respect to personal jurisdiction, venue, or service of process.

(b)       Waiver/Amendment. The waiver by any party to this Agreement of a breach of any provision hereof by any other party shall not be construed as a waiver of any subsequent breach by any party. No provision of this Agreement may be terminated, amended, supplemented, waived or modified other than by an instrument in writing signed by the party against whom the enforcement of the termination, amendment, supplement, waiver or modification is sought.

(c)        Entire Agreement. Except as set forth in Section 2 hereof, this Agreement represents the entire agreement between the parties with respect to the subject matter hereof and replaces and supersedes any prior agreements or understandings between the Parties with respect to the subject matter hereof.

(d)       Facsimiles/PDF’s/Counterparts. This Agreement may be executed in counterparts, all of which shall constitute one and the same instrument. Facsimile copies and electronic Portable Document Format files of executed signature pages transmitted by electronic mail will be deemed original for all purposes.

(e)       Insurance. The Company shall cause Executive to be covered under the Company’s directors and officers liability insurance policy upon a basis consistent with the Company’s other current and former directors and executive officers, subject to and on a basis consistent with the terms and conditions of such directors and officers liability insurance policy. The Company shall, upon Executive’s request, provide Executive with a then-current certificate of insurance evidencing such insurance coverage.

(f)        Captions. The captions of this Agreement are not part of the provisions hereof and shall have no force or effect.

IN WITNESS WHEREOF, the Company and Executive have duly executed this Agreement as of the date noted below.

PREMIER EXHIBITIONS, INC.		EXECUTIVE
By:	/s/ Mark A. Sellers	/s/ Samuel S. Weiser
Name: Mark A. Sellers		Samuel S. Weiser
Title: Chairman of the Board

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