Exhibit 10.29


 


LOAN AGREEMENT


 


THIS LOAN AGREEMENT (this "Agreement") dated and effective
this 2nd day of January 2020


BETWEEN:


 


	Lender Name:	TIBURON OPPORTUNITY FUND
	Lender
    Address:	13313 Point Richmond Beach Road NW, Gig
    Harbor, WA 98332




 


OF THE FIRST PART and:


 


EDISON NATION, INC (the "Corporation")


909 New Brunswick Ave


Alpha, NJ 08865


 


OF THE SECOND PART


 


BACKGROUND:


 


The Corporation is duly incorporated in the State of Nevada.


 


IN CONSIDERATION OF the Lender providing the Loan to the Corporation,
and the Corporation repaying the Loan to the Lender, both parties agree to keep, perform, and fulfill the promises, conditions
and agreements below:


 


Loan Amount & Interest


 


1. The Lender promises to loan Four Hundred Thousand Dollars
($400,000), to the Corporation and the Corporation promises to repay this principal amount to the Lender, at such address as may
be provided in writing. The loan will be interest bearing at the rate of 1.5% per month through the term of the loan. The amount
stated herein represents the total amount owed by Corporation to the Lender.


 


Payment & Collateral


 


2. The Corporation shall pay Lender the entire unpaid principal
and all accrued interest upon thirty days written notice from Lender but no sooner than June 1, 2020. The loan proceeds are being
used to fund general working capital needs of the Corporation. The Lender shall have a collateral interest in the accounts receivables
of SRM Entertainment Ltd including but not limited to the Disney and Universal receivables.


 






     


     


    

  


Default


  


3. Notwithstanding anything to the contrary in this Agreement,
if the Corporation defaults in the performance of any obligation under this Agreement, then the Lender may declare the principal
amount owing under this Agreement at that time to be immediately due and payable.


 


Governing Law, Venue


 


4. This Agreement will be construed in accordance with and governed
by the laws of the State of Nevada.


 


Costs


 


5. All costs, expenses and expenditures including, and without
limitation, the complete legal costs incurred by enforcing this Agreement as a result of any default by the Corporation, will be
added to the principal then outstanding and will immediately be paid by the Corporation.


 


Assignment


 


6. This Agreement will pass to the benefit of and be binding
upon the respective heirs, executors, administrators, successors and assigns of the Corporation.


 


Amendment


 


7. This Agreement may only be amended or modified by a written
instrument executed by both the Corporation and the Lender.


 


Severability


 


8. The clauses and paragraphs contained in this Agreement are
intended to be read and construed independently of each other. If any part of this Agreement is held to be invalid, this invalidity
will not affect the operation of any other part of this Agreement.


 


General Provisions


 


9. Headings are inserted for the convenience of the parties
only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice
versa. Words in the masculine mean and include the feminine and vice versa.


 


Entire Agreement


 


10. This Agreement constitutes the entire agreement of the
parties and no other documents or understandings are considered a part of this agreement other than what is contained herein. 


 


The parties have duly affixed their signatures under hand and
seal


 


on this 2nd day of January , 2020.


 






     


     


    

  


	/s/
Chris Ferguson	 
	Corporation	 
	Chris Ferguson, CEO of Edison Nation, Inc	 
	 	 
	 /s/ Peter Bortel	 
	Lender(s)