Exhibit 10.4 


 


LOCK-UP
AGREEMENT


 


This
Lock-Up Agreement (this “Agreement”) is made as of July 19, 2016 by and between Kalle Bergman, an individual
(the “Restricted Holder”), and Content Checked Holdings, Inc., a Nevada corporation (the “Company”).
Capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the SPA (as defined herein).


 


WHEREAS,
pursuant to the transactions contemplated under that certain Share Exchange Agreement, dated as of July 17, 2016 (the “SPA”),
by and among the Company, Honest Cooking Media LLC, a Delaware limited liability company (“HCM”), and the Restricted
Holder, the Company will acquire all of the outstanding LLC membership interests of HCM in in exchange for 1,369,863 shares (the
“Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”),
on the terms set forth in the SPA (the “Acquisition”);


 


WHEREAS,
the Restricted Holder may receive such number of additional shares of Common Stock as provided in the SPA to be determined if
there is an adjustment to the number of shares to be issued to the Restricted Holder (the “Additional Shares”);
and


 


WHEREAS,
the SPA provides that, among other things, all of the Shares and Additional Shares to be issued to the Restricted Holder pursuant
to the SPA (collectively, the “Restricted Securities”) shall be subject to certain restrictions on Disposition
(as defined below) during the period of twenty-four (24) months immediately following the Closing Date (the “Restricted
Period”) and in certain amounts, subject to certain conditions all as more fully set forth herein.


 


NOW,
THEREFORE, as an inducement to and in consideration of the Company’s agreement to enter into the SPA and proceed with the
Acquisition, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
hereby agree as follows:


 


	1.	Lock
    Up Period.


 


(a)
During the Restricted Period, the Restricted Holder will not, directly or indirectly: (i) offer, pledge, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale
of, make any short sale, lend or otherwise dispose of or transfer any Restricted Securities or (ii) enter into any swap or any
other agreement or any transaction that transfers, in whole or in part, directly or indirectly, any of the economic consequences
of ownership of any Restricted Securities (with the actions described in clause (i) or (ii) above being hereinafter referred to
as a “Disposition”); provided, however, that if the Company engages in an underwritten public
offering of its equity or convertible securities prior to the end of the Restricted Period, the managing underwriter may waive
the balance of the Restricted Period if requested by the Company; provided, further however, that such Restricted
Period shall be subject to earlier termination with the written approval of the lead underwriter of any underwritten public offering
of Company’s equity or convertible securities for gross proceeds to Company of at least $25 million. The foregoing restrictions
are expressly agreed to preclude the Restricted Holder from engaging in any hedging or other transaction which is designed to
or which reasonably could be expected to lead to or result in a sale or disposition of any of the Restricted Securities of the
Restricted Holder during the Restricted Period, even if such securities would be disposed of by someone other than the Restricted
Holder. The Restricted Holder may sell some or all of the Restricted Securities so long as the purchaser complies with the provisions
of Section 3(m) of this Agreement.


 




    	 	 	 



    	 



    


 


(b)
In addition, during the Restricted Period, the Restricted Holder will not, directly or indirectly, effect or agree to effect
any short sale (as defined in Rule 200 under Regulation SHO of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”)), whether or not against the box, establish any “put equivalent position” (as defined in Rule 16a-1(h)
under the Exchange Act) with respect to any shares of Common Stock, borrow or pre-borrow any shares of Common Stock, or grant
any other right (including, without limitation, any put or call option) with respect to shares of Common Stock or with respect
to any security that includes, is convertible into or exercisable for or derives any significant part of its value from shares
of Common Stock or otherwise seek to hedge the Restricted Holder’s position in the Common Stock.


 


(c)
Notwithstanding anything contained herein to the contrary, the Restricted Holder shall be permitted to:


 


(i)engage
in any Disposition for up to an aggregate of 25% of the Restricted Securities on the sixth (6th) month anniversary
of the Closing Date (and accrued unsold amounts, if any);


 


(ii)engage
in any Disposition for up to an aggregate of additional 25% of the Restricted Securities (total of 50%) on the twelfth (12th)
month anniversary of the Closing Date (and accrued unsold amounts, if any);


 


(iii)engage
in any Disposition for up to an aggregate of additional 25% of the Restricted Securities (total of 75%) on the eighteenth (18th)
month anniversary of the Closing Date (and accrued unsold amounts, if any);


 


(iv)engage
in any Disposition for up to an aggregate of additional remaining 25% of the Restricted Securities (total of 100%) on the twenty-fourth
(24th) month anniversary of the Closing Date (and accrued unsold amounts, if any); and


 


(v)engage
in any Disposition (w) where the transferee agrees in writing that the Restricted Securities shall continue to be subject to the
restrictions on transfer set forth in this Agreement and such transferee is approved by the Company in its reasonable discretion,
(x) where such Disposition is in connection with estate planning purposes, including, without limitation to an inter-vivos trust
and the transferee takes title to such shares subject to the restrictions on transfer set forth in this Agreement, (y) upon the
written approval of the lead underwriter in any underwritten public offering of Company’s securities, or (z) where such
Disposition is to an affiliate of such Restricted Holder (including entities wholly owned by such Restricted Holder or one or
more trusts where such Restricted Holder is the grantor of such trust(s)), and with respect to each clause (w) through (z) above
(inclusive), as long as such transferee executes a copy of this Agreement.


 


(d)
Notwithstanding anything contained herein to the contrary, the restrictions contained in this Agreement shall not apply to
any shares of Common Stock acquired by Restricted Holder in the open market after the closing of the Acquisition.


 


	2.	Legends;
    Stop Transfer Instructions.


 


(a)
In addition to any legends to reflect applicable transfer restrictions under federal or state securities laws, each stock
certificate representing Restricted Securities shall be stamped or otherwise imprinted with the following legend:


 


“THE
SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A LOCK-UP AGREEMENT, DATED AS OF JULY 19, 2016, BETWEEN
THE HOLDER HEREOF AND THE ISSUER AND MAY ONLY BE SOLD OR TRANSFERRED IN ACCORDANCE WITH THE TERMS THEREOF.”


 




    	 	 	 



    	 



    


 


(b)
The Restricted Holder hereby agrees and consents to the entry of stop transfer instructions with the Company’s transfer
agent and registrar against the transfer of the Restricted Securities or securities convertible into or exchangeable for Restricted
Securities held by the Restricted Holder except in compliance with this Agreement.


 


	3.	Miscellaneous.


 


(a)
Periodic Reports. The Company shall be permitted at any time to request from the Restricted Holder such person’s
brokerage statement summary with respect to the Restricted Securities covering any period during the Restricted Period, and the
Restricted Holder shall in good faith provide such statement to the Company within five (5) business days of the date of such
request.


 


(b)
Specific Performance. The Restricted Holder agrees that in the event of any breach or threatened breach by the Restricted
Holder of any covenant, obligation or other provision contained in this Agreement, then the Company shall be entitled (in addition
to any other remedy that may be available to the Company) to: (i) a decree or order of specific performance or mandamus to enforce
the observance and performance of such covenant, obligation or other provision; and (ii) an injunction restraining such breach
or threatened breach. The Restricted Holder further agrees that neither the Company nor any other person or entity shall be required
to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred
to in this Section 3, and the Restricted Holder irrevocably waives any right that he, she, or it may have to require the obtaining,
furnishing or posting of any such bond or similar instrument.


 


(c)
Other Agreements. Nothing in this Agreement shall limit any of the rights or remedies of the Company under the SPA,
or any of the rights or remedies of the Company or any of the obligations of the Restricted Holder under any other agreement between
the Restricted Holder and the Company or any certificate or instrument executed by the Restricted Holder in favor of the Company;
and nothing in the SPA or in any other agreement, certificate or instrument shall limit any of the rights or remedies of the Company
or any of the obligations of the Restricted Holder under this Agreement.


 


(d)
Notices. All notices, requests, demands, claims, and other communications hereunder shall be in writing. Any notice,
request, demand, claim or other communication hereunder shall be deemed duly delivered four business days after it is sent by
registered or certified mail, return receipt requested, postage prepaid, or one business day after it is sent for next business
day delivery via a reputable nationwide overnight courier service, in each case to the intended recipient as set forth below:


 


	If
    to the Company:	 	Copy
    to (which copy shall not constitute notice hereunder):
	 	 	 
	Content
    Checked Holdings, Inc.	 	Foley
    Shechter LLP
	8730
    Sunset Blvd, Suite 240	 	129
    W. 29th Street, 5th Floor
	West
    Hollywood, CA 90069	 	New
    York, New York 10001 
	Attn:
    Kris Finstad, CEO	 	Attn:
    Jonathan Shechter, Esq.
	Facsimile:
    +1-310-564-1990	 	Facsimile:
    +1-917-688-4092
	 	 	 
	If
    to the Restricted Holder:	 	Copy
        to (which copy shall not constitute notice hereunder):

         

	To
    the address set forth on the signature page hereto.	 	 
	 	 	 
	 	 	 
	 	 	Attn:
_____________________________________
	 	 	Facsimile:  __________________________________    


 




    	 	 	 



    	 



    


 


Any
party may give any notice, request, demand, claim or other communication hereunder using any other means (including personal delivery,
expedited courier, messenger service, telecopy, telex, ordinary mail or electronic mail), but no such notice, request, demand,
claim or other communication shall be deemed to have been duly given unless and until it actually is received by the party for
whom it is intended. Any party may change the address to which notices, requests, demands, claims, and other communications hereunder
are to be delivered by giving the other parties notice in the manner herein set forth.


 


(e)
Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction
shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability
of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent
jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making
such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any
invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing
the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the
event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid
or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the
economic, business and other purposes of such invalid or unenforceable term.


 


(f)
Applicable Law; Jurisdiction. THIS AGREEMENT IS MADE UNDER, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED SOLELY THEREIN, WITHOUT GIVING EFFECT TO PRINCIPLES
OF CONFLICTS OF LAW. In any action between or among any of the parties arising out of this Agreement, (i) each of the parties
irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the state and federal courts having
jurisdiction over New York County, New York; (ii) if any such action is commenced in a state court, then, subject to applicable
law, no party shall object to the removal of such action to any federal court having jurisdiction over New York County, New York;
(iii) each of the parties irrevocably waives the right to trial by jury; and (iv) each of the parties irrevocably consents to
service of process by first class certified mail, return receipt requested, postage prepared, to the address at which such party
is to receive notice in accordance with this Agreement.


 


(g)
Waiver; Termination. No failure on the part of the Company to exercise any power, right, privilege or remedy under
this Agreement, and no delay on the part of the Company in exercising any power, right, privilege or remedy under this Agreement,
shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right,
privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The
Company shall not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under
this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument
duly executed and delivered on behalf of the Company; and any such waiver shall not be applicable or have any effect except in
the specific instance in which it is given. If the SPA is terminated, this Agreement shall thereupon terminate.


 




    	 	 	 



    	 



    


 


(h)
Captions. The captions contained in this Agreement are for convenience of reference only, shall not be deemed to be a part
of this Agreement and shall not be referred to in connection with the construction or interpretation of this Agreement.


 


(i)
Further Assurances. The Restricted Holder hereby represents and warrants that the Restricted Holder has full power
and authority to enter into this Agreement and that this Agreement constitutes the legal, valid and binding obligation of the
Restricted Holder, enforceable in accordance with its terms. The Restricted Holder shall execute and/or cause to be delivered
to the Company such instruments and other documents and shall take such other actions as the Company may reasonably request to
effectuate the intent and purposes of this Agreement.


 


(j)
Entire Agreement. This Agreement and the SPA collectively set forth the entire understanding of the Company and the
Restricted Holder relating to the subject matter hereof and supersedes all other prior agreements and understandings between the
Company and the Restricted Holder relating to the subject matter hereof.


 


(k)
Non-Exclusivity. The rights and remedies of the Company hereunder are not exclusive of or limited by any other rights
or remedies which the Company may have, whether at law, in equity, by contract or otherwise, all of which shall be cumulative
(and not alternative).


 


(l)
Amendments. This Agreement may not be amended, modified, altered or supplemented other than by means of a written instrument
duly executed and delivered on behalf of the Company and the Restricted Holder.


 


(m)
Assignment. This Agreement and all obligations of the Restricted Holder hereunder are personal to the Restricted Holder
and may not be transferred or delegated by the Restricted Holder at any time unless the transferee or delegee executes a separate
lock-up/leak-out agreement with the Company in substantially the same form as this Agreement, subject to a lock-up/leak out schedule
as the one that’s applicable to the Restricted Holder pursuant to this Agreement. The Company may freely assign any or all
of its rights under this Agreement, in whole or in part, to any successor entity without obtaining the consent or approval of
the Restricted Holder.


 


(n)
Binding Nature. Subject to Section 3(m) above, this Agreement will inure to the benefit of the Company and its successors
and assigns and will be binding upon the Restricted Holder and the Restricted Holder’s representatives, executors, administrators,
estate, heirs, successors and assigns.


 


(o)
Survival. Each of the representations, warranties, covenants and obligations contained in this Agreement shall survive
the consummation of the Acquisition.


 


(p)
Counterparts. This Agreement may be executed in separate counterparts, each of which shall be deemed an original and
both of which shall constitute one and the same instrument.


 


[signature
page follows]


 




    	 	 	 



    	 



    


 


IN
WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the date first set forth above.


 


	 	CONTENT CHECKED HOLDINGS, INC.
	 	 	 
	 	By:	/s/
    Kris Finstad
	 	Name:	Kris
    Finstad
	 	Title:	Chief
    Executive Officer


 


	 	RESTRICTED
    HOLDER: (to be signed by the Restricted Holder)
	 	 
	 	Kalle
    Bergman 
	 	 
	 	/s/
    Kalle Bergman
	 	(signature)
	 	 
	 	Address:
    (to be completed by the Restricted Holder)
	 	 
	 	
	 	
	 	
	 	Email:
    ___________________________________________