AMENDED
AND RESTATED


EMPLOYMENT
AGREEMENT


 


THIS
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of this 16th day of
September, 2014, by and between Wizard World, Inc., a Delaware corporation with offices at 225 California Street, El Segundo,
California 90245 (the “Company”), and John Macaluso, an individual and resident of the State of California
with an office address c/o Wizard World, Inc., 225 California Street, El Segundo, California 90245 (the “Executive”
and, together with the Company, the “Parties” and each, a “Party”).


 


RECITALS


 


A.
Executive and Company entered into an employment agreement as of March 19, 2012 (the “Original Employment Agreement”),
which will expire by its own terms on March 18, 2015.


 


B.
Executive has met each and every performance objective of the Company and Executive possesses certain knowledge and skills relating
to the Company’s business that the Company wishes to retain for the development and success of the Company’s business.


 


C.
The Company wishes to continue to employ Executive, and Executive wishes to continue to be employed by the Company, on the terms
and conditions contained herein.


 


D.
The Company and the Executive wish to enter into this Agreement to amend and restate the Original Employment Agreement to extend
the end of the term of Executive’s employment, on the terms and conditions as set forth in this Agreement.


 


NOW,
THEREFORE, in consideration of the premises set forth above and for other good and valuable consideration mutually exchanged by
the Parties, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:


 


1.
Employment. The Company hereby employs Executive, and Executive hereby accepts employment, as President and Chief Executive
Officer of the Company, subject to the terms and conditions set forth in this Agreement.


 


2.
Duties. As President and Chief Executive Officer, Executive shall have such duties, responsibilities and authority as are
commensurate and consistent with his position and as are assigned to him by the Board of Directors of the Company (the “Board”).
Such duties shall include, without limitation, responsibility for all ongoing operations of the Company and responsibility for
insuring that the Company meets all stated financial goals and objectives. Specific duties may include preparing materials for
and participating in review meetings with the Board (the “Review Meetings”). The Board shall determine from
time to time and advise Executive regarding the agenda for the Review Meetings and the required supporting documents and analyses,
which are generally expected to include budgets, growth prospects, projections and targets, as well as comparisons with respect
to prior periods. The Board shall also determine from time to time the frequency and timing of the Review Meetings. The Executive
shall also provide to the Board, from time to time upon its request, but in no event later than December 31, 2014, an organizational
chart that sets forth contingency plans for the appointment or promotion of successors to key management positions (the “Succession
Plan”). In addition, the Executive shall provide to the Board by no later than October 31, 2014, an employee stock ownership
plan detailing the Executive’s recommendations to incentivize the Board and the Company’s employees and advisors (the
“ESOP”). Executive shall report directly to the Board. During the Term (as defined herein), Executive shall
devote his full business time and efforts to the performance of his duties hereunder, unless otherwise explicitly authorized by
the Board. The services to be provided by Executive may, at the option of the Board, be performed in either Los Angeles, California,
New York, New York or Las Vegas, Nevada. Notwithstanding the foregoing, the expenditure of reasonable amounts of time by Executive
for the making of passive personal investments, the conduct of private business affairs and charitable activities shall be allowed,
provided that such activities do not materially interfere with the services required to be rendered to the Company hereunder
and do not violate the restrictive covenants set forth herein.


 




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3.
Term of Employment. Under the Original Employment Agreement, the term of executive’s employment commenced on March
19, 2012. Commencing on the date hereof (the “Commencement Date”), the term of Executive’s employment
hereunder, unless sooner terminated as provided herein, shall be for a period of four (4) years from the Commencement Date, ending
on March 18, 2018 (the “Initial Term”). The term of this Agreement shall automatically be extended for additional
terms of one (1) year each (each a “Renewal Term”), unless either Party gives prior written notice of non-renewal
(“Non-Renewal Notice”) to the other Party no later than sixty (60) days prior to the expiration of the then
current Term (as defined herein). For purposes of this Agreement, the Initial Term and any Renewal Term are hereinafter collectively
referred to as the “Term.”


 


4.
Compensation of Executive.


 


(a)
Base Salary. Beginning September 1, 2014, the Company shall pay Executive as compensation for his services hereunder, in
equal installments paid twice per month during the Term, a base salary of $41,666.67 per month for an aggregate of $500,000 per
year (the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations.
In addition to the foregoing, the Executive shall be paid $62,900 by the Company for services provided by the Executive during
the period June 1, 2014 through August 31, 2014 to reflect the new Base Salary retroactive to June 1, 2014.


 


(b)
Annual Bonus. In addition to the Base Salary, provided that in the Board’s determination the Executive has performed
the duties set forth in Section 2 hereof, including timely providing sufficient materials in connection with the Review Meetings
and delivering the Succession Plan and ESOP, the Executive shall receive an annual bonus equal to the following, calculated cumulatively:


 


(i)
When the Company achieves annual Adjusted EBITDA of between $1.00 and $1,000,000, the Executive shall receive a cash bonus of
30% of such annual Adjusted EBITDA;


 




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(ii)
When the Company achieves annual Adjusted EBITDA of between $1,000,001 and $2,000,000, the Executive shall receive an additional
cash bonus of 20% of such annual Adjusted EBITDA which exceeds $1,000,000; and


 


(iii)
When the Company achieves annual Adjusted EBITDA greater than $2,000,000, the Executive shall receive an additional cash bonus
of 10% of such annual Adjusted EBITDA which exceeds $2,000,000.


 


For
purposes herein, “Adjusted EBITDA” shall mean earnings before interest, taxes, depreciation and amortization,
the components of which shall be calculated in accordance with generally accepted accounting principles (“GAAP”)
and as such components traditionally appear on the Company’s audited financial statements, excluding any and all expenditures
associated (i) with any share-based payment; (ii) with any gain or loss related to derivative instruments; (iii) in connection
with or arising out of the strategic relationship with Cinedigm Corp. (“Cinedigm”), in each case, which have
been approved by the Board, for the fiscal years ended December 31, 2014 and 2015 only, in accordance with the following: (a)
all GAAP profit and loss activity in relation to the stragetic relationship with Cinedigm will be reversed out of the Adjusted
EBITDA calucuation, and (b) fifty percent (50%) of all cash paid into the strategic relationship with Cinedigm by the Company
shall be included as a deduction in the Adjusted EBITDA calculation, and fifty percent (50%) of all net cash received from such
strategic relationship shall be included in the Adjusted EBITDA calculation; and (iv) with any other non-cash expenses reasonably
approved by the Board. For avoidance of doubt and by way of example, if the Board approved cash payments by the Company into the
strategic relationship with Cinedigm equal to $1,000,000 for the year ended December 31, 2015, $500,000 of such cash payments
shall be included as a deduction in the Adjusted EBITDA calculation in accordance with the formula set forth in sub-paragraph
(iii) above. In addition, if net cash received from the strategic relationship with Cinedigm equals $100,000, then $50,000 should
be included in the Adjusted EBITDA calculation.


 


(c)
Equity. As additional consideration for entering into this Agreement, the Executive shall receive the following:


 


(i)
763,888 options to purchase shares of the Company’s common stock, which have already been issued to Executive pursuant to
the Original Employment Agreement, such options vesting quarterly over the period ending March 18, 2015, at an exercise price
of $0.44 per share;


 


(ii)
900,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning
March 19, 2015 and ending March 18, 2016, at an exercise price of $1.00 per share;


 


(iii)
900,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning
March 19, 2016 and ending March 18, 2017, at an exercise price of $1.25 per share; and


 




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(iv)
900,000 options to purchase shares of the Company’s common stock, such options vesting quarterly over the period beginning
March 19, 2017 and ending March 18, 2018, at an exercise price of $1.50 per share.


 


(d)
Expenses. The Company shall advance or reimburse Executive for all reasonable auditable, out-of-pocket expenses actually
incurred or paid by Executive in the course of his employment, consistent with the Company’s policy for reimbursement of
expenses from time to time, including travel expenses. For greater certainty, “reasonable” for purposes of this provision
with respect to airfare for travel greater than two hours shall be deemed to be (i) a first class or other premium airline ticket
when there are only two (2) classes of tickets available for any given flight and (ii) a business airline ticket when there are
three (3) or more classes of tickets available for any given flight.


 


(e)
Benefits. With the exception of the ESOP, Executive shall be entitled to participate in such pension, profit sharing, group
insurance, hospitalization, and group health (for Executive and his immediate family) and benefit plans and all other benefits
and plans, including perquisites, if any, as the Company provides to its senior executives (the “Benefit Plans”).


 


(f)
Car Allowance. During the Term, the Company shall pay Executive, on the first day of each month, a monthly car allowance
of $1,200.00 to pay for the costs associated with Executive’s local transportation expenses.


 


5.
Termination.


 


(a)
This Agreement and Executive’s employment hereunder shall terminate upon the happening of any of the following events:


 


(i)
upon Executive’s death;


 


(ii)
upon Executive’s Total Disability;


 


(iii)
upon the expiration of the Initial Term of this Agreement or any Renewal Term thereof, if either Party has provided a timely Non-Renewal
Notice;


 


(iv)
at Executive’s option, in the event of an act by the Company constituting “Good Reason” (as defined herein)
for termination by Executive; or


 


(v)
at the Company’s option, in the event of an act by Executive constituting “Cause” for termination by the Company.


 


(b)
For purposes of this Agreement, Executive shall be deemed to be suffering from a “Total Disability” if Executive
is (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically
determinable physical or mental impairment that can be expected to result in death, or last for continuous period of not less
than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health
plan covering employees of the Company; or (iii) determined to be totally disabled by the Social Security Administration. Any
question as to the existence of a disability shall be determined by the written opinion of Executive’s regularly attending
physician (or his guardian) (or the Social Security Administration, where applicable).


 




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(c)
For purposes of this Agreement, the term “Good Reason” shall mean that Executive has resigned due to (i) any
material diminution in Executive’s authority, duties or responsibilities (unless Executive has agreed to such diminution);
(ii) a material change in the chain of reporting referenced in Section 2 (unless Executive has agreed to such change); (iii) other
than as expressly set forth herein, any material diminution in Executive’s Base Salary (unless Executive has agreed to such
diminution); (iv) any material change in the geographic location at which Executive must perform services to a location outside
of the Los Angeles, California or Las Vegas, Nevada without Executive’s prior written consent; (v) any material violation
by the Company of its obligations under this Agreement; or (vi) Executive shall not be a duly appointed or duly elected member
of the Board. Prior to Executive terminating his employment with the Company for Good Reason, Executive must provide written notice
to the Company within ninety (90) days following the initial existence of such condition, that such Good Reason exists and setting
forth in detail the grounds Executive believes constitutes Good Reason. If the Company does not cure the conditions constituting
Good Reason within ninety (90) days after receipt of written notice thereof from Executive, then Executive’s employment
shall be deemed terminated for Good Reason as of the date of Executive’s notice to the Company.


 


(d)
For purposes of this Agreement, the term “Cause” shall mean any material breach of this Agreement or repeated
material, gross and willful misconduct on the part of Executive in connection with his employment duties hereunder, in all cases
that is not cured within fourteen (14) business days after receipt of written notice thereof (to the extent such breach is capable
of being cured), or Executive’s conviction of or entering of a guilty plea or a plea of no contest with respect to a felony
or any crime involving fraud, larceny or embezzlement resulting in material harm to the Company by Executive.


 


6.
Effects of Termination


 


(a)
Upon termination of Executive’s employment pursuant to Section 5(a)(i) or (ii), in addition to the accrued but unpaid compensation
and vacation pay through the date of death or Total Disability and any other benefits accrued to him under any Benefit Plans outstanding
at such time and the reimbursement of documented, unreimbursed expenses incurred prior to such date, Executive or his estate or
beneficiaries, as applicable, shall be entitled to the following severance benefits: (i) six (6) months’ Base Salary at
the then current rate, payable in a lump sum, less withholding of applicable taxes; (ii) continued provision for a period of twelve
(12) months following Executive’s death of benefits under Benefit Plans extended from time to time by the Company to its
senior executives; and (iii) payment on a pro-rated basis of any bonus or other payments earned in connection with any bonus plan
to which Executive was a participant as of the date of death or Total Disability.


 


(b)
Upon termination of Executive’s employment pursuant to Section 5(a)(iii), where the Company has offered to renew the term
of Executive’s employment for an additional one (1) year period and Executive chooses not to continue in the employ of the
Company, Executive shall be entitled to receive only the accrued but unpaid compensation and vacation pay through the date of
termination and any other benefits accrued to him under any Benefit Plans outstanding at such time and the reimbursement of documented,
unreimbursed expenses incurred prior to such date. In the event the Company tenders a Non-Renewal Notice to Executive, then Executive
shall be entitled to the same severance benefits as if Executive’s employment were terminated pursuant to Section 5(a)(iv);
provided, however, if such Non-Renewal Notice was triggered due to the Company’s statement that Executive’s
employment was terminated due to Section 5(a)(v), then payment of severance benefits will be contingent upon a determination as
to whether termination was properly for “Cause.”


 




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(c)
Upon termination of Executive’s employment pursuant to Section 5(a)(iv), in addition to the accrued but unpaid compensation
and vacation pay through the date of termination and any other benefits accrued to him under any Benefit Plans outstanding at
such time and the reimbursement of documented, unreimbursed expenses incurred prior to such date, Executive shall be entitled
to the following severance benefits: (i) the greater of twelve (12) months’ Base Salary at the then current rate or the
remainder of the Base Salary due under this Agreement, to be paid in equal bi-weekly installments, less withholding of all applicable
taxes, at such times he would have received them if there was no termination; (ii) continued provision for a period of twelve
(12) months after the date of termination of the benefits under Benefit Plans extended from time to time by the Company to its
senior executives; and (iii) payment on a pro-rated basis of any bonus or other payments earned in connection with any bonus plan
to which Executive was a participant as of the date of Executive’s termination of employment.


 


(d)
Upon termination of Executive’s employment pursuant to Section 5(a)(v), the Company shall reimburse the documented, unreimbursed
expenses incurred prior to such date of termination and Executive shall be entitled to the following severance benefits: accrued
and unpaid Base Salary and vacation pay through the date of termination, less withholding of


 


(e)
applicable taxes. Executive shall have any conversion rights available under the Company’s or Benefit Plans and as otherwise
provided by law, including the Comprehensive Omnibus Budget Reconciliation Act.


 


(f)
Any payments required to be made hereunder by the Company to Executive shall continue to Executive’s beneficiaries in the
event of his death until paid in full.


 


(g)
Change of Control. Upon a Change of Control, all options issued to Executive pursuant to Section 4(c) hereof shall be deemed
fully vested as of the date of the Change of Control. For purposes of this Agreement “Change of Control” means
the occurrence of any of the following events:


 


(i)
Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange
Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power
of the Company’s then outstanding voting securities or fifty percent (50%) or more of the fair market value of the Company;


 




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(ii)
Within a twelve month period, any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities
of the Company representing thirty percent (30%) or more of the total voting power of the Company’s then outstanding voting
securities;


 


(iii)
Within a twelve month period, less than a majority of the directors are Incumbent Directors. For purposes of this Agreement, “Incumbent
Directors” means directors who (A) are directors of the Company as of the date hereof or (B) are elected, or nominated
for election, to the Board with the affirmative votes of a majority of the Incumbent Directors at the time of such election or
nomination; or


 


(iv)
The Company has sold all or substantially all of its assets to another person or entity that is not a majority-owned subsidiary
of the Company.


 


Notwithstanding
the preceding, the above-listed events must satisfy the requirements of Treasury Regulation Section 1.409A-3(i)(5) in order to
be deemed a Change of Control.


 


7.
Vacations. Executive shall be entitled to a vacation of three (3) weeks per year, during which period his salary shall
be paid in full. Executive shall take his vacation at such time or times as Executive and the Company shall determine is mutually
convenient. Any vacation not taken in one (1) year shall not accrue, provided that if vacation is not taken due to the
Company’s business necessities, up to three (3) weeks’ vacation may carry over to the subsequent year.


 


8.
Covenant Not To Disclose, Compete or Solicit. Upon execution of this Agreement, Executive and the Company shall re-affirm
and enter into that certain Non-Disclosure, Non-Competition and Non-Solicitation Agreement in the form attached hereto as Exhibit
A (“Non-Disclosure, Non-Competition and Non-Solicitation Agreement”).


 


9.
Section 409A.


 


(a)
Notwithstanding anything to the contrary contained in this Agreement, if at the time of Executive’s separation from service
within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company
determines that Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then
to the extent any payment or benefit that Executive becomes entitled to under this Agreement on account of Executive’s separation
from service would be considered deferred compensation subject to the twenty percent (20%) additional tax imposed pursuant to
Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be
payable and such benefit shall not be provided until the date that is the earlier of (i) six months and one day after Executive’s
separation from service, or (ii) Executive’s death (the “Six Month Delay Rule”).


 


(b)
For purposes of this Section 9, amounts payable under the Agreement should not be considered a deferral of compensation subject
to Section 409A to the extent provided in Treasury Regulation Section 1.409A-1(b)(4) (i.e., short-term deferrals), Treasury Regulation
Section 1.409A-1(b)(9) (i.e., separation pay plans, including the exception under subparagraph (iii)), and other applicable provisions
of Treasury Regulations Sections 1.409A-1 through A-6.


 




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(c)
To the extent that the Six Month Delay Rule applies to payments otherwise payable on an installment basis, the first payment shall
include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application
of the Six Month Delay Rule, and the balance of the installments shall be payable in accordance with their original schedule.


 


(d)
To the extent that the Six Month Delay Rule applies to the provision of benefits (including, but not limited to, life insurance
and medical insurance), such benefit coverage shall nonetheless be provided to Executive during the first six months following
his separation from service (the “Six Month Period”), provided that, during such Six-Month Period, Executive
pays to the Company, on a monthly basis in advance, an amount equal to the Monthly Cost (as defined below) of such benefit coverage.
The Company shall reimburse Executive for any such payments made by Executive in a lump sum not later than thirty (30) days following
the sixth month anniversary of Executive’s separation from service. For purposes of this subparagraph, “Monthly
Cost” means the minimum dollar amount which, if paid by Executive on a monthly basis in advance, results in Executive
not being required to recognize any federal income tax on receipt of the benefit coverage during the Six Month Period.


 


(e)
The Parties intend that this Agreement will be administered in accordance with Section 409A of the Code. To the extent that any
provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such
a manner so that all payments hereunder comply with Section 409A of the Code. The Parties agree that this Agreement may be amended,
as reasonably requested by either Party, and as may be necessary to fully comply with Section 409A of the Code and all related
rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either Party.


 


(f)
The Company makes no representation or warranty and shall have no liability to Executive or any other person if any provisions
of this Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an
exemption from, or the conditions of, such Section.


 


10.
Insurance. The Company shall at all times during the Term and any Renewal Term obtain and maintain director and officers
liability insurance policies covering Executive in his capacity as an executive officer and director, which insurance shall include
a standard “tail” provision, in such amounts, and with such companies as shall be approved by both Executive and the
Board.


 


11.
Director Appointment; Nomination. The Board shall at all times during the Term and any Renewal Term take all steps necessary
to appoint Executive as a member of the Board and to maintain such appointment. In addition, the Board shall at all times during
the Term and any Renewal Term take all steps necessary to nominate Executive as a nominee for director for the purposes of any
meeting or consent of the shareholders conducted or taken during the Term or any Renewal Term.


 




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12.
Indemnification Agreement. It shall be a condition to Executive’s commencement of services under this Agreement that
the Company and Executive shall have entered into an Indemnification Agreement in the form of Exhibit B hereto (the “Indemnification
Agreement”).


 


13.
Miscellaneous.


 


(a)
Neither Executive nor the Company may assign or delegate any of their respective rights under this Agreement without the express
written consent of the other. This Agreement constitutes and embodies the full and complete understanding and agreement of the
Parties with respect to Executive’s employment by the Company, supersedes all prior understandings and agreements, whether
oral or written, between Executive and the Company, and shall not be amended, modified or changed except by an instrument in writing
executed by the Party to be charged. The invalidity or partial invalidity of one or more provisions of this Agreement shall not
invalidate any other provision of this Agreement. No waiver by either Party of any provision or condition to be performed shall
be deemed a waiver of similar or dissimilar provisions or conditions at the same time or any prior or subsequent time.


 


(b)
This Agreement shall inure to the benefit of, be binding upon and enforceable against, the Parties and their respective successors,
heirs, beneficiaries and permitted assigns.


 


(c)
The headings contained in this Agreement are for convenience of reference only and shall not affect in any way the meaning or
interpretation of this Agreement.


 


(d)
All notices, requests, demands and other communications required or permitted to be given hereunder shall be in writing and shall
be deemed to have been duly given when personally delivered, sent by registered or certified mail, return receipt requested, postage
prepaid, or by private overnight mail service (e.g. Federal Express) to the Party at the address set forth above or to such other
address as either Party may hereafter give notice of in accordance with the provisions hereof. Notices shall be deemed given on
the sooner of the date actually received or the third business day after sending.


 


(e)
This Agreement shall be governed by and construed in accordance with the internal laws of the State of without reference to principles
of conflicts of laws and each of the Parties irrevocably consents to the jurisdiction and venue of the federal and state courts
located in the State of .


 


(f)
This Agreement supersedes, replaces and merges all previous agreements and discussions relating to the same or similar subject
matters between Executive and Employer with respect to the subject matter of this Agreement, including without limitation the
Original Employment Agreement.


 


(g)
This Agreement may be executed simultaneously in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one of the same instrument. The Parties have executed this Agreement as of the date set forth above.


 


[-signature
page follows-]


 




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IN WITNESS
WHEREOF, the Parties have caused this Employment Agreement to be duly executed as of the date first indicated above.


 


	 	THE
    COMPANY



 

	 	WIZARD
    WORLD, INC.



 

	 	By:	/s/
    Gregg Suess
	 	 	Greg Suess
	 	 	Chairman of the
Compensation Committee



 

	 	EXECUTIVE



 

	 	/s/
    John Macaluso
	 	John Macaluso



 



    	S-1



    	 



    


 


EXHIBIT
A


 


NON-COMPETE,
NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT


 


See
attached.


 




    	Exhibit
                                         A
	 



    	 



    


 


NON-COMPETE,
NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT


 


THIS
NON-COMPETE, NON-SOLICITATION AND NON-DISCLOSURE AGREEMENT (“Agreement”) dated as of September 16, 2014, by and between
Wizard World, Inc., a Delaware corporation with a principal place of business at 225 California Street, El Segundo, California
90245 (“Employer”), and John Macaluso, an individual and resident of the State of California with a business address
c/o Wizard World, Inc. 225 California Street, El Segundo, California 90245 (“Employee” and together with Employer,
the “Parties” and each, a “Party”).


 


WITNESSETH:


 


WHEREAS,
Employee has been employed by Employer since March 19, 2012;


 


WHEREAS,
Employee and Employer are entering into that certain Amended and Restated Employment Agreement, dated as of the date of this Agreement;


 


WHEREAS,
in connection with such employment, Employee has been and may be given further access to, generate, or otherwise come into contact
with certain proprietary and/or confidential information of Employer or clients of Employer; and


 


WHEREAS,
Employee and Employer desire to prevent the dissemination, unauthorized disclosure or misuse of such information.


 


NOW
THEREFORE, the parties hereto mutually agree as follows:


 


1.
Covenant Not to Solicit. During the period commencing on the date hereof and ending upon the termination of Employee’s
employment for any reason, Employee shall not, directly or indirectly, for Employee’s benefit or the benefit of a third
party, (i) induce or attempt to induce any employees of Employer to leave the employ of Employer or diminish his or her relationship
or Employer or (ii) solicit the business of any client or customer of Employer, or any client or customer that could reasonably
be expected to be a client or customer of Employer, during Employee’s period of employment with the Company.


 


2.
Covenant Not to Compete. Except for the activities set forth in Schedule I hereto and as a passive investor in less
than five percent (5%) of the equity securities of a publicly held company, during the period commencing on the date hereof and
ending upon the termination of Employee’s employment for any reason, Employee shall not engage in, own or control an interest
in, or act as principal, director or officer of, or consultant to, any firm or corporation (i) engaged in a venture or business
substantially similar to that of Employer or (ii) which is in direct or indirect competition with Employer within the United States
of America, its territories and possessions.


 


3.
Proprietary Information.


 


(a)
For purposes of this Agreement, “Proprietary Information” shall mean any information belonging to the business of
Employer that has not previously been publicly released by duly authorized representatives of Employer and shall include (but
shall not be limited to) information encompassed in all proposals, marketing and sales plans, financial information, costs, pricing
information, computer programs (including source code, object code, algorithms and models), customer information, customer lists,
and all methods, concepts, know-how or ideas and confidential information belonging to Employer and Employer’s customers
or clients. Employee agrees to regard and preserve as confidential all Proprietary Information whether Employee has such Proprietary
Information in Employee’s memory or in writing or other physical form.


 




    	Exhibit
                                         A
A-1



    	 



    



 


(b)
Notwithstanding the foregoing, “Proprietary Information” shall not include information that (i) is disseminated to
the public at no fault of Employee, (ii) was obtained from a third party that did not have an obligation of confidentiality to
Employer, (iii) is already in the possession of Employee and (iv) constitutes any information proposals, marketing and sales plans,
financial information, costs, pricing information, computer programs (including source code, object code, algorithms and models),
customer information, customer lists, and all methods, concepts, know-how or ideas, created or generated by Employee for which
Employer has not been fully compensated.


 


(c)
Employee will not, without written authority from Employer to do so, directly or indirectly, disclose or use any Proprietary Information
for Employee’s benefit or purposes, nor disclose any Proprietary Information to others, either during the term of Employee’s
employment by Employer or thereafter, except as required by the conditions of Employee’s employment by Employer.


 


(d)
No work or intellectual property created by Employee shall be deemed work for hire and Employer shall only have the rights to
such work or intellectual property after fully compensating Employee for such work or intellectual property.


 


4.
Saving Provision. Employee expressly agrees that the covenants set forth in this Agreement are being given to Employer
in connection with the employment of Employee by Employer and that such covenants are intended to protect Employer against the
competition by Employee, within the terms stated, to the fullest extent deemed reasonable and permitted in law and equity. In
the event that the foregoing limitations upon the conduct of Employee are beyond those permitted by law, such limitations, both
as to time and geographical area, shall be, and be deemed to be, reduced in scope and effect to the maximum extent permitted by
law.


 


5.
Injunctive Relief. Employee acknowledges that (i) disclosure of any Proprietary Information or breach of any of the non-competitive
covenants or agreements contained herein will give rise to irreparable injury to Employer or clients of Employer that would be
inadequately compensable in damages. Accordingly, Employer, or where appropriate a client of Employer, may seek and obtain injunctive
relief against the breach or threatened breach of the foregoing undertakings, in addition to any other legal remedies which may
be available. Employee further acknowledges and agrees that in the event of the termination of employment with Employer, (ii)
Employee’s experience and capabilities are such that Employee can obtain employment in business activities which are of
a different or non-competing nature with his or her activities as an employee of Employer and (iii) the enforcement of a remedy
hereunder by way of injunction shall not prevent Employee from earning a reasonable livelihood. Employee further acknowledges
and agrees that the covenants contained herein are necessary for the protection of the Company’s legitimate business interests
and are reasonable in scope and content, and that Employee will, promptly upon the request of Employer at any time, cause any
subsequent employer to execute and deliver to Employer a confidentiality and non-disclosure agreement in substantially the form
of Section 2 hereof and otherwise satisfactory to Employer.


 




    	Exhibit
                                         A
A-2



    	 



    


 


6.
Enforceability. The provisions of this Agreement shall be enforceable notwithstanding the existence of any claim or cause
of action of Employee against Employer whether predicated on this Agreement or otherwise.


 


7.
Term. This Agreement shall commence on the date hereof and shall terminate upon the termination of Employee’s employment
for any reason.


 


8.
Governing Law. The Agreement shall be construed in accordance with the laws of the State of New York and any dispute under
this Agreement will only be brought in the state and federal courts located in the State of New York.


 


9.
General. This Agreement contains the entire agreement of the Parties relating to the subject matter hereof. This Agreement
may be modified only by an instrument in writing signed by both Parties hereto. Any notice to be given under this Agreement shall
be sufficient if it is in writing and is sent by certified or registered mail to Employee at his residence address as the same
appears on the books and records of Employer or to Employer at its principal office, attention of the President, or otherwise
as directed by Employer, from time to time. Non-compliance with any one paragraph of this Agreement shall not have an effect on
the validity of any other part of this Agreement. The provisions of this Agreement relating to confidentiality or non-competition
shall survive the termination of employment, however caused.


 


[-signature
page follows-]


 




    	Exhibit
                                         A
A-3



    	 



    


 


IN
WITNESS HEREOF, the undersigned execute this Agreement as of the date first set forth above.


 


	 	EMPLOYER



 

	 	WIZARD
    WORLD, INC.



 

	 	By:	/s/
    Gregg Suess
	 	 	Greg Suess
	 	 	Chairman of the
Compensation Committee



 

	 	EMPLOYEE



 

	 	/s/
    John Macaluso
	 	John Macaluso




 














    	Exhibit
                                         A
A-4