Exhibit 10.20


 


Execution Version


 


August 4,
2017


 


Michael Carlet


[*****]


 


Dear Michael:


 


As you know, pursuant to the Agreement and Plan of Merger,
dated as of June 19, 2017, between Amplify Holdings LLC, General Atlantic (Amplify) Holdco LLC, General Atlantic (Amplify) LLC, Corporate
Purchaser Corp., Crackle Merger Sub I Corp., Crackle Merger Sub II Corp., GA Escrow, LLC, as seller representative, and JWF Rollover,
LLC, as the merger participant tax representative (the “Merger Agreement”), Amplify Holdings LLC, the indirect parent
of SnapAV (the “Company”), will merge into Crackle Merger Sub II Corp. In connection with such transaction, you executed
that certain Rollover Agreement between you, Crackle Holdings L.P., and Crackle Intermediate Corp. wherein you agreed to the employment
terms set forth on Exhibit C of the Rollover Agreement.


 


This letter agreement serves as an
amendment to the offer letter between you and the Company, dated as of October 7, 2014 (the “Offer Letter”)
and is conditioned upon the closing of the transactions contemplated by the Merger Agreement (the “Closing”).
Should the Closing fail to occur for any reason, this letter shall be null and void ab initio.


 


Effective as of the Closing, you shall be eligible for the
same severance protection as provided in your Offer Letter; provided that in addition to severance following a termination of employment
by the Company without cause, you shall also be entitled to severance upon a termination by you for Good Reason. As consideration for
such Good Reason protection, the Non-Interference Agreement entered into by you in connection with the grant of Class B Units on
or shortly following the Closing is hereby incorporated by reference to this letter agreement. Receipt of severance is subject to execution
and non- revocation of a general release in the form attached hereto within 30 days after your termination of employment and continued
compliance with the Non-Interference Agreement. The severance will be paid in equal installments over the applicable term of severance,
in accordance with the Company’s payroll schedule, beginning with the payroll period during which the release becomes effective
(with the first payment including any amounts accrued during any release consideration period).


 


“Good Reason” means (i) a reduction
in your rate of Base Salary or the dollar amount of your target bonus opportunity or (ii) the relocation of your principal place
of employment to a location that increases by at least 25 miles your one-way commute from your residence. You may not terminate your employment
for Good Reason unless you: (i) provide the Company with 30 days’ advance written notice of your intent to resign for Good
Reason, (ii) such notice is given within 90 days of the events or circumstances claimed to give rise to Good Reason, (iii) the
Company fails to cure such alleged violation within 30 days after you deliver such notice and (iv) if the Company fails to cure such
alleged violation, you must terminate your employment within five months of the initial occurrence of the facts or circumstances giving
rise to Good Reason.


 


Except as provided above, the terms of your Offer Letter
remain unchanged and in full force and effect.


 


As verification that you accept this change to your Offer Letter, please sign below.


 



    


     


    















Sincerely,


 


SNAPAV


 


________________________________


 


With my signature below, I accept the
changes to my Offer Letter.


 


	Date: 	[*****]	 




 


	Signature:	[*****]	 
	 	Michael Carlet



 


[Signature Page for Offer
Letter]


 



    


     


    




EXHIBIT A


 


FORM OF RELEASE


 


*            *            *


 


WAIVER AND RELEASE OF CLAIMS


 


In connection with the termination of
employment of Michael Carlet (“Executive”) [by] WirePath Home Systems, LLC, d/b/a SnapAV, a North Carolina limited
liability company (the “Company”), pursuant to the Offer Letter between Executive and the Company, dated as of October 7,
2014, as amended [Date], 2017 (the “Offer Letter”), Executive agrees as follows:


 


	1.	Waiver and Release.



 


As used in this
Waiver and Release of Claims (this “Agreement”), the term “claims” shall include all claims, covenants,
warranties, promises, undertakings, actions, suits, causes of action, obligations, debts, accounts, attorneys’ fees, judgments,
losses and liabilities, of whatsoever kind or nature, both known and unknown, in law, equity or otherwise.


 


For
and in consideration of the payments described in the Offer Letter, Executive, for and on behalf of Executive and Executive’s heirs,
administrators, executors, and assigns (the “Related Parties”), effective the Release Effective Date (as defined below),
does fully and forever waive and release, remise and discharge the Company, its direct and indirect parents, subsidiaries and affiliates
(including Crackle Holdings, L.P.), their predecessors and successors and assigns, together with the respective officers, directors, partners,
shareholders, employees, members, and agents of the foregoing (collectively, the “Group”) from any and all claims which
Executive or any Related Party had, may have had, or now has against the Company, the Group, collectively or any member of the Group individually,
for or by reason of any matter, cause or thing whatsoever, including, but not limited to, (x) any claim arising out of or attributable
to Executive’s employment or the termination of Executive’s employment with the Company, and also including but not limited
to claims of breach of contract, wrongful termination, unjust dismissal, defamation, libel or slander, or under any federal, state or
local law dealing with discrimination based on age, race, sex, national origin, handicap, religion, disability or sexual preference [and
(y) any and all claims with respect to any equity, equity-based or other incentive compensation].1 This release of claims
includes, but is not limited to, all claims arising under the Age Discrimination in Employment Act of 1967 (the “ADEA”),
Title VII of the Civil Rights Act, the Americans with Disabilities Act, the Civil Rights Act of 1991, the Family Medical Leave Act, the
Equal Pay Act, and all other federal, state and local labor and antidiscrimination laws, the common law and any other purported restriction
on an employer’s right to terminate the employment of employees.


 


Executive specifically
releases all claims against the Group and each member thereof under ADEA relating to Executive’s employment and its termination.


 





 






1            Include
to the extent equity is called at termination.


 



    


    2


    




Executive represents
that Executive has not filed or permitted to be filed against the Group, any member of the Group individually or the Group collectively,
any lawsuit, complaint, charge, proceeding or the like, before any local, state or federal agency, court or other body (each, a “Proceeding”),
and Executive covenants and agrees that Executive will not do so at any time hereafter, in each case, with respect to claims released
pursuant to this Agreement (including, without limitation, any claims relating to the termination of Executive’s employment), except
as may be necessary to enforce this Agreement, to obtain benefits described in or granted under this Agreement, or to seek a determination
of the validity of the waiver of Executive’s rights under the ADEA, or initiate or participate in an investigation or proceeding
conducted by the Equal Employment Opportunity Commission. Except as otherwise provided in the preceding sentence, (i) Executive will
not initiate or cause to be initiated on Executive’s behalf any Proceeding, and will not participate (except as required by law)
in any Proceeding of any nature or description against any member of the Group individually or the Group collectively that in any way
involves the allegations and facts that Executive could have raised against any member of the Group individually or the Group collectively
as of the date hereof with respect to any matter released hereby and (ii) Executive waives any right Executive may have to benefit
in any manner from any relief (monetary or otherwise) arising out of any Proceeding with respect to any matter released hereby.


 


Notwithstanding
the foregoing, nothing in this Agreement shall release Executive’s claim for (i) unemployment compensation benefits, (ii) any
claims by Executive in respect of any vested benefits under any Company benefit plans or other Company retirement plans of any type that
Executive is entitled to pursuant to the terms thereof as a result of his employment with the Company, (iii) any right or claim that
arises against the Company after the date of this Agreement, (iv) rights under this Agreement, (v) rights to indemnification
as an officer or employee of the Company, (vi) rights to payment under the Offer Letter or (vii) [any claims by Executive in
respect of his capacity as an equityholder of the Company or any of its Affiliates].2


 


	2.	Acknowledgment of Consideration.



 


Executive is specifically
agreeing to the terms of this release because the Company has agreed to pay Executive money and other benefits to which Executive was
not otherwise entitled under the Company’s policies or under the Offer Letter (in the absence of providing this release). The Company
has agreed to provide this money and other benefits because of Executive’s agreement to accept it in full settlement of all possible
claims Executive might have or ever had with respect to any matter released hereby, and because of Executive’s execution of this
Agreement.


 


	3.	Acknowledgments Relating to Waiver and Release; Revocation Period.



 


Executive acknowledges
that Executive has read this Agreement in its entirety, fully understands its meaning and is executing this Agreement voluntarily and
of Executive’s own free will with full knowledge of its significance. Executive acknowledges and warrants that Executive has been
advised by the Company to consult with an attorney prior to executing this


 





 






2            Include
to the extent equity is not called at termination.


 






    


    3


    

 


Agreement. The offer to accept the
terms of this Agreement is open for at least [21/45] days following termination of employment. Executive shall have the right to revoke
this Agreement for a period of seven (7) days following Executive’s executive of this Agreement, by giving written notice of
such revocation to the Company. This Agreement shall not become effective until the eighth day following Executive’s execution of
it (the “Release Effective Date”).


 


	4.	Remedies.



 


Moreover, Executive
understands and agrees that if Executive breaches any provisions of this Agreement, in addition to any other legal or equitable remedy
the Company may have, the Company shall be entitled to cease making any payments or providing any benefits to Executive under the Offer
Letter, and Executive shall reimburse the Company for all its reasonable attorneys’ fees and costs incurred by it arising out of
any such breach. The remedies set forth in this paragraph shall not apply to any challenge to the validity of the waiver and release of
Executive’s rights under the ADEA. In the event Executive challenges the validity of the waiver and release of Executive’s
rights under the ADEA, then the Company’s right to attorneys’ fees and costs shall be governed by the provisions of the ADEA,
so that the Company may recover such fees and costs if the lawsuit is brought by Executive in bad faith. Any such action permitted to
the Company by this paragraph, however, shall not affect or impair any of Executive’s obligations under this Agreement, including
without limitation, the release of claims in paragraph 1 hereof.


 


	5.	No Admission.



 


Nothing herein
shall be deemed to constitute an admission of wrongdoing by Executive, the Company or any member of the Group. Neither this Agreement
nor any of its terms shall be used as an admission or introduced as evidence as to any issue of law or fact in any proceeding, suit or
action, other than an action to enforce this Agreement.


 


	6.	Choice of Law; Exclusive Venue.



 


THE TERMS OF
THIS AGREEMENT AND ALL RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO, INCLUDING ITS ENFORCEMENT, SHALL BE INTERPRETED AND GOVERNED
BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS OF THE STATE OF DELAWARE OR THOSE OF ANY OTHER
JURISDICTION WHICH COULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE.


 


[Remainder of Page Intentionally Left Blank]


 



    


     


    




IN WITNESS WHEREOF, Executive has executed
this Agreement as of the day and year set forth opposite his signature below.


 


 


	

DATE
  
 (not to be signed prior to termination of employment)
	 	

Michael Carlet