Document:

TRANSITION
SERVICES AGREEMENT

 

THIS
TRANSITION SERVICES AGREEMENT (this “Agreement”) is entered into on March 6, 2018, with retroactive effect
as of March I, 2018 (the “Effective Date”), by and between ICTV Brands, Inc., a Nevada corporation (“ICTV
US”), and Therma Bright Inc., a British Columbia corporation (the “Buyer”).

 

WHEREAS,
pursuant to the Asset Purchase Agreement entered into as of the date hereof between the Buyer, on the one hand, and ICTV US, ICTV
Brands UK Limited, ICTV Brands HK Limited and ICTV Brands Israel Ltd (collectively, the “Sellers”), on the
other hand (as the same may be amended, supplemented or modified to date, the “Asset Purchase Agreement”),
the Sellers have agreed to sell and transfer to the Buyer, and the Buyer has agreed to purchase, subject to certain conditions,
all of the Sellers’ right, title and interest in and to the Purchased Assets;

 

WHEREAS,
subject to the terms and conditions set forth herein, the parties have agreed to enter into this Agreement in order for ICTV US
to assist the Buyer by providing to the Buyer certain services and support not otherwise specified in the Asset Purchase Agreement
or any other agreement;

 

NOW,
THEREFORE, in consideration of the foregoing and the covenants and agreements contained in this Agreement, the parties hereto
agree as follows:

 

ARTICLE
I DEFINITIONS

 

Capitalized
terms used herein shall (a) have the meanings ascribed to them in the Asset Purchase Agreement (as defined below) if not otherwise
defined herein, or (b) have the following meanings:

 

“Agreement”
shall have the meaning ascribed to such term in the preamble hereto.

 

“Asset
Purchase Agreement” shall have the meaning ascribed to such term in the recitals hereto.

 

“Damages”
shall have the meaning ascribed to such term in Section 2.3.

 

“Defaulting
Party” shall have the meaning ascribed to such term in Section 3.2(c).

 

“Indemnified
Parties” shall have the meaning ascribed to such term in Section 2.3.

 

“Indemnifying
Party” shall have the meaning ascribed to such term in Section 2.3.

 

“Non-Defaulting
Party” shall have the meaning ascribed to such term in Section 3.2(c).

 

“Services”
shall mean the services described in Schedule A to be provided by or on behalf of ICTV US to the Buyer pursuant
to the terms and conditions of this Agreement.

 

“Service
Charge” shall have the meaning ascribed to such term in Section 4.1.

 

“Term”
shall have the meaning ascribed to such term in Section 3.1(a).

 

“Third
Party Claim” shall have the meaning ascribed to such term in Section 2.3.

 

    	 	1	 

     

    

 

ARTICLE
II SERVICES

 

Section
2.1 Agreement to Provide Services.

 

(a) In
addition to any obligation ICTV US has to perform services for the Buyer pursuant to any Transaction Documents and subject
to the terms of this Agreement, ICTV US shall provide, or shall cause an Affiliate of ICTV US or third parties (subject to
Section 2.9) to provide, to the Buyer, or an Affiliate of the Buyer, Services during the Term in scope and in a manner and at
a level of service consistent in all material respects with the services provided to the Business as it existed prior to the
Effective Date.

 

(b) For
each Service, the parties have set forth on Schedule A, among other things, a description of the Service, the
charge for the Service and any other terms applicable thereto.

 

Section
2.2 Standard of Care.

 

ICTV
US shall provide the Services with the same degree of skill, attention and care as it exercises in performing the same or similar
services for itself and its Affiliates.

 

Section
2.3 Indemnification

 

Each
party (the “Indemnifying Party”) shall defend, indemnify, and hold harmless the other party, its Affiliates,
and their respective officers, directors, agents and employees (the “Indemnified Parties”) from and against
any and all losses, damages, liabilities, costs and expenses (including reasonable legal fees and expenses) (“Damages”)
suffered by, imposed upon or asserted against any of them by a third party (a “Third Party Claim”) as a result
of, in respect of, connected with, or arising out of, under, or pursuant to:

 

(a) the
failure of the Indemnifying Party to perform or fulfill any of its obligations under this Agreement;

 

(b) any
breach or inaccuracy of any representation or warranty given by the Indemnifying Party contained in this Agreement;
and

 

(c) the
fraud, gross negligence or willful misconduct on the part of the Indemnifying Party.

 

Section
2.4 Modification of Services.

 

Schedule
A identifies the Services to be provided by ICTV US and, subject to the mutual agreement of the parties hereto acting
reasonably, it may be amended from time to time to add any additional Services reasonably requested by the Buyer or to modify
or to delete Services. During the Term, service upgrades and improvements that ICTV US provides to its own internal organizations
shall be made available to the Buyer to the extent that the parties mutually agree upon the price for any such upgrade or improvement.

 

Section
2.5 Independence.

 

(a) Unless
otherwise agreed in writing, all employees and representatives of ICTV US shall be deemed for purposes of all compensation
and employee benefits matters to be employees or representatives of ICTV US and not employees or representatives of the
Buyer.

 

(b) In
performing the Services, such employees and representatives shall be under the direction, control and supervision of ICTV US
(and not the Buyer) and ICTV US shall have the sole right to exercise all authority with respect to the employment (including
termination of employment), assignment and compensation of such employees and representatives.

 

    	 	2	 

     

    

 

(c) The
relationship of the parties is of independent contractors and nothing contained herein shall be deemed to create a joint
venture, partnership or any other relationship. Neither the Buyer nor ICTV US shall have any power or authority to negotiate
or conclude any agreement, or to make any representation or to give any understanding on behalf of the other.

 

Section
2.6 Non-Exclusivity.

 

Nothing
in this Agreement shall preclude the Buyer from obtaining, in whole or in part, services of any nature that may be obtainable
from ICTV US, from its own employees or from providers other than ICTV us.

 

Section
2.7 Cooperation.

 

The
Buyer shall, in a timely manner, take all such actions as may be reasonably necessary or desirable in order to enable or assist
ICTV US in performing the Services, including providing necessary information and specific written authorizations and consents,
and ICTV US shall be relieved of its obligations hereunder to the extent that the Buyer’s failure to take any such action
renders performance by ICTV US of such obligations unlawful or impracticable.

 

Section
2.8 Limitation on Services.

 

Unless
expressly provided on Schedule A, ICTV US shall not be required to (a) expand its facilities, incur new long-term
capital expenses or employ additional personnel in order to provide the Services to the Buyer or (b) provide Services hereunder
that are greater in nature and scope than the comparable services provided by ICTV US to the Business prior to the Effective Date.

 

Section
2.9 Personnel and Third Parties.

 

In
providing the Services, ICTV US, as it deems necessary or appropriate in its reasonable judgment, may (a) use the personnel of
ICTV US or its Affiliates and (b) employ the services of third parties to the extent such third party services are routinely utilized
to provide similar services to other businesses of ICTV US or are reasonably necessary for the efficient performance of any of
such Services; provided that the Buyer consents prior to the use of such third parties, which consent shall not be unreasonably
withheld. ICTV US will only employ the services of third parties who have entered into non-disclosure agreements that obligate
such third parties to maintain the confidentiality of the Buyer’s confidential information and that prohibit the third party
from using such confidential information for any purpose other than in connection with providing the Services.

 

ARTICLE
III TERM AND TERMINATION

 

Section
3.1 Term.

 

(a)
This Agreement shall become effective on the
Effective Date and shall remain in force until the expiration of the last time period for performance of the Services scheduled
on Schedule A of this Agreement (the “Term”), unless terminated earlier with respect to a particular
Service or with respect to the Agreement pursuant to Section 3.2 below.

 

(b) The
Buyer shall not have any obligation to continue to use any of the Services and may delete any Service from Schedule
A that ICTV US is providing to the Buyer by giving ICTV US sixty (60) days’ notice thereof. In the event
any Service is terminated by the Buyer, Schedule A shall be amended to reflect such terminated
Service.

 

    	 	3	 

     

    

 

Section
3.2 Termination.

 

(a) If
Closing does not occur on or before the Closing Deadline (as defined in the Asset Purchase Agreement), this Agreement shall
automatically terminate and the only payment due hereunder shall be the payment set forth in the Side Letter entered into
between the Parties as of March I, 2018.

 

(b) The
obligation of ICTV US to provide or cause to be provided a particular Service hereunder shall terminate on the earliest to
occur of:

 

(i) the
expiration of the Term;

 

(ii)
the expiration of the term (including any available renewal term) during which such Service is to be provided as specified in
Schedule A, each such term to commence on the Effective Date;

 

(iii) the
date sixty (60) days following written notice from ICTV US that ICTV US is discontinuing permanently the provision of such
Service to its own internal organizations, provided that, during such 60-day period, ICTV US shall reasonably cooperate with
the Buyer in transitioning such Service to another supplier; or

 

(iv) the
date sixty (60) days after ICTV US receives written notice that the Buyer no longer desires that such Service be
provided.

 

(c)
Subject to Section 5.1, if either party shall
fail to adequately perform in any material respect any of its material obligations under this Agreement (the “Defaulting
Party”), the other party entitled to the benefit of such performance (the “Non-Defaulting Party”)
may give thirty (30) day’s written notice to the Defaulting Party specifying the nature of such failure or default and stating
that the Non-Defaulting Party intends to terminate this Agreement, either in its entirety or partially as set forth in Section
3.2(d), if such failure or default is not cured within thirty (30) days of such written notice. If any failure or default so specified
is not cured within such 30-day period, the Non-Defaulting Party may elect to immediately terminate this Agreement in whole or
in part with respect to the Defaulting Party. Such termination shall be effective upon giving a written notice of termination
from the Non-Defaulting Party to the Defaulting Party and shall be without prejudice to any other remedy which may be available
to the Non-Defaulting Party against the Defaulting Party.

 

(d) Under
circumstances specified in Section 3.2(c) entitling the Non-Defaulting Party to terminate this Agreement, the Non-Defaulting
Party shall have the following options to partially terminate this Agreement upon the same notice provisions as specified in
Section 3.2(c):

 

(i) if
the default relates to the payment for a Service, ICTV US may terminate this Agreement as to the provision of that Service
or all Services to the Buyer, but continue this Agreement in all other respects; or

 

(ii) if
the default relates to the provision of a Service, the Buyer may terminate this Agreement as to the provision of that
Service or all Services by ICTV US, but continue this Agreement in all other respects.

 

Section
3.3 Effect of Termination.

 

(a) The
Buyer specifically agrees and acknowledges that all obligations of ICTV US to provide each Service for which ICTV US is
responsible hereunder shall immediately cease upon the termination of this Agreement. Upon the cessation of ICTV US’s
obligation to provide any Service, the Buyer shall immediately cease using, directly or indirectly, such Service (including
any and all software of ICTV US or third-party software provided through ICTV US, telecommunications services or equipment,
or computer systems or equipment).

 

    	 	4	 

     

    

 

(b) Upon
termination of a Service with respect to which ICTV US holds books, records or files, including current or archived copies
of computer files, owned by the Buyer and used by ICTV US in connection with the provision of a Service to the Buyer, ICTV US
will return all of such books, records or files as soon as reasonably practicable; provided, however, that ICTV US may make a
copy, at its expense, of such books, records or files for archival purposes only.

 

(c) Without
prejudice to the survival of the other agreements of the parties, the following obligations shall survive the termination
of this Agreement: (a) the obligations of each party under Section 3.3(b), and (b) ICTV US’s right to receive the
Service Charges for the Services provided by it hereunder pursuant to Section 4.1 incurred prior to the effective date
of termination.

 

ARTICLE
IV COMPENSATION

 

Section
4.1 Service Charge.

 

As
consideration for the provision of the Services, the Buyer shall, for each Service performed, pay ICTV US the applicable fee for
such Service set forth in Schedule A as appropriate (the “Service Charge”). The Service Charge
includes all out-of-pocket expenses incurred in connection with ICTV US’s provision of the Services. In the event the Service
is terminated, the Service Charge will be prorated for the number of days of Service received in the calendar month (based on
a thirty day month) in which the Service is terminated.

 

Section
4.2 Invoicing and Payments.

 

(a) Invoices

 

After
the end of each month, ICTV US, together with its Affiliates providing Services, will submit one invoice to the Buyer for all
Services provided to the Buyer and the Buyer’s Affiliates by ICTV US during such month.

 

All
invoices shall be sent to the attention of the Buyer at the address set forth in Section 6.1 or to such other address as the Buyer
shall have specified by notice in writing to ICTV US.

 

(b) Payment

 

Payment
of all invoices in respect of Services shall be made by check or electronic funds transmission in U.S. Dollars, within thirty
(30) days of the date of receipt of the invoice. Undisputed amounts unpaid as of such date shall accrue interest at a rate equal
to the daily average one-month LIBOR plus one percent (I%). All payments shall be made to the account designated by ICTV US to
the Buyer.

 

Section
4.3 Taxes.

 

The
Service Charges include all taxes and other charges that are imposed now or in the future by any Governmental Entity, including
any applicable sales, value added or similar tax that is imposed as a result of any Service rendered hereunder.

 

    	 	5	 

     

    

 

Section
4.4 Disputed Amounts.

 

In
the event the Buyer disputes the accuracy of any invoice, the Buyer shall pay the undisputed portion of such invoice and the parties
hereto shall promptly meet and seek to resolve the disputed amount of the invoice.

 

ARTICLE
V FORCE MAJEURE

 

Section
5.1 Event of Force Majeure.

 

ICTV
US shall not be liable to the Buyer for any interruption, delay or failure to perform Services under this Agreement when such
interruption, delay or failure results from causes beyond its reasonable control or as the result of strikes, lock-outs or other
labor difficulties; acts of any government, riot, insurrection or other hostilities; embargo, war, terrorism, fuel or energy shortage,
network failures, fire, flood, acts of God, wrecks or transportation delays; or inability to obtain equipment, supplies or utilities
from usual sources. In such event, the obligations hereunder of ICTV US in providing any Service, and the obligation of the Buyer
to pay for any such Service, shall be postponed for such time as its performance is suspended or delayed on account thereof. Upon
learning of the occurrence of such event of force majeure, ICTV US shall promptly notify the Buyer, either orally or in writing.

 

Section
5.2 Reasonable Efforts.

 

In
the event of any failure, interruption or delay in performance of the Services, whether excused or unexcused, ICTV US shall use
its reasonable efforts to restore the Services as soon as may be reasonably possible in accordance with its existing contingency
plans for such services.

 

ARTICLE
VI MISCELLANEOUS

 

Section
6.1 Notices.

 

All
notices and other communications required or permitted by this Agreement shall be in writing and shall be deemed given if delivered
by hand, mailed by registered mail or certified mail, return receipt requested, or by a nationally recognized overnight courier,
or sent by electronic transmission by e-mail, to the appropriate party at the following address (or such other address for a party
as shall be specified by notice pursuant hereto), and such notice shall be deemed to have been given and received, if delivered
or mailed by registered or certified mail, when delivered to such address, and if e-mailed, on the next Business Day after the
transmission of same:

 

If
to ICTV US, to:

 

Richard
Ransom, President

ICTV
Brands, Inc.

489
Devon Park Drive, #306

Wayne,
PA 19087

E-mail:
ransom@ictv brands.com

 

With
copy to:

 

John
Carrino, General Counsel

ICTV
Brands, Inc.

489
Devon Park Drive, #306

Wayne,
PA 19087

E-mail:
carrino@ictvbrands .com

 

    	 	6	 

     

    

 

If
to the Buyer, to:

 

Rob
Fia, CEO

Therma
Bright Inc.

738-157
Adelaide Street West

Toronto,
ON, CAN M5H 4E7

E-mail:
rfia@thejenexcorporation.com

 

With
copy to:

 

Tuba
Yamac

BCF
LLP

1100
Rene-Levesque West Blvd., 25th Floor

Montreal,
QC H3B 5C9

E-mail:
tuba.yamac@bcf.ca

 

Section
6.2 Amendments and Waivers.

 

This
Agreement may not be modified or amended except by an instrument or instruments in writing signed by an authorized officer of
each party. Except as otherwise provided in this Agreement, any failure of any of the parties to comply with any obligation, covenant,
agreement or condition herein may be waived by the party entitled to the benefits thereof only by a written instrument signed
by an authorized officer of the party granting such waiver, but such waiver or failure to insist upon strict compliance with such
obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or
other failure.

 

Section
6.3 Headings.

 

The
table of contents and the article, section, paragraph and other headings contained in this Agreement are for reference purposes
only and are to be given no effect in the construction or interpretation of this Agreement.

 

Section
6.4 Entire Agreement.

 

This
Agreement and the Schedule hereto constitute the entire agreement between the parties hereto with respect to the subject matter
hereof, and supersede and cancel all prior agreements, negotiations, correspondence, undertakings, understandings and communications
of the parties, oral and written, with respect to the subject matter hereof.

 

Section
6.5 Governing Law.

 

This
Agreement, including all matters of construction, validity and performance, shall be governed by and construed in accordance with
the laws of the commonwealth of Pennsylvania, without regard to principles of conflicts or choice of laws or any other law that
would make the laws of any other jurisdiction other than the commonwealth of Pennsylvania applicable hereto.

 

    	 	7	 

     

    

 

Section
6.6 Arbitration.

 

In
the event of a dispute between any of the parties arising under or relating in any way whatsoever to this Agreement, the disputing
parties shall attempt to resolve it through good faith negotiation. If the dispute is not resolved through such negotrnt10n, then
the disputing parties shall attempt to resolve it through mediation in the State of Pennsylvania, USA, with a neutral, third-party
mediator mutually agreed upon by the disputing parties. Unless otherwise agreed by the disputing parties, the costs of mediation
shall be shared equally. If the dispute is not resolved through mediations, then upon written demand by one of the disputing parties
it shall be referred to a mutually agreeable arbitrator. The arbitration process shall be conducted in accordance with the laws
of the Commonwealth of Pennsylvania, USA. All remedies, legal and equitable, available in court shall also be available in arbitration.
The arbitrator’s decision shall be final and binding, and judgement may be entered thereon in a court of competent jurisdiction.
This Agreement shall be interpreted and enforced in accordance with the laws of the Commonwealth of Pennsylvania, without regard
to conflict of law principles thereof. In any dispute arising out of or relating in anyway whatsoever to this Agreement, including
arbitration, the substantially prevailing party shall be entitled to recover its costs and attorney fees from the other disputing
parties.

 

Section
6.7 Assignment.

 

ICTV
US acknowledges that Buyer is entering this Agreement based on its confidence in ICTV US’s abilities and reputation and
that Buyer is unwilling to proceed on the basis set out in this Agreement with any other person or entity; accordingly, this Agreement
may not be assigned by ICTV US, except in connection with the sale of all or substantially all of it assets or if the assignment
is . However, Buyer may assign its rights to any of its subsidiaries or affiliated companies. ICTV US agrees and undertakes that
its consent is not required for any assignment by Buyer. ICTV US shall execute all documents in accordance with Buyer’s
instructions, and take whatever actions required by Buyer, to give effect to this Section 6.7.

 

Section
6.8 Fees and Expenses.

 

Each
party hereto shall be responsible for the fees and expenses incurred by it relating to the drafting, negotiation and enforcement
of this Agreement, as well as any other advice sought in connection with this Agreement.

 

Section
6.9 Binding Nature; Third-Party Beneficiaries.

 

This
Agreement shall be binding upon and inure solely to the benefit of the parties hereto and their respective successors and permitted
assigns. Nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person or Persons any rights,
benefits or remedies of any nature whatsoever under or by reason of this Agreement.

 

Section
6.10 Severability.

 

This
Agreement shall be deemed severable; the invalidity or unenforceability of any term or provision of this Agreement shall not affect
the validity or enforceability of this Agreement or of any other term hereof which shall remain in full force and effect for so
long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially
adverse to any party. If it is ever held that any restriction hereunder is too broad to permit enforcement of such restriction
to its fullest extent, each party agrees that such restriction may be enforced to the maximum extent permitted by law, and each
party hereby consents and agrees that such scope may be judicially modified accordingly in any proceeding brought to enforce such
restriction.

 

Section
6.11 Currency.

 

All
monetary amounts mentioned or referred to herein are m United States dollars unless otherwise indicated.

 

    	 	8	 

     

    

 

Section
6.12 Specific Performance.

 

The
parties hereto agree that irreparable damage would occur in the event that any provision of this Agreement was not performed
in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition
to any other remedy at law or equity.

 

Section
6.13 Construction.

 

(a) For
the purposes hereof, (i) words in the singular shall be held to include the plural and vice versa and words of one gender
shall be held to include the other gender as the context requires, (ii) the words “hereof,” “herein,”
and “herewith” and words of similar import shall, unless otherwise stated, be construed to refer to this
Agreement as a whole (including the Schedule hereto) and not to any particular provision of this Agreement, and article,
Section, paragraph, exhibit and schedule references are to the articles, Sections, paragraphs, and exhibits and schedules of
this Agreement unless otherwise specified, (iii) the words
“including” and words of similar import when used in this Agreement shall mean “including, without
limitation,” unless otherwise specified, and (iv) the word “or” shall not be exclusive.

 

(b) The
parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question
of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties and no presumption
or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this
Agreement.

 

(c) Any
reference to any federal, state, local or non-U.S. statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context otherwise requires.

 

Section
6.14 Confidentiality.

 

This
Agreement and all information that may be disclosed to a party pursuant to this Agreement shall be subject to the terms of the
confidentiality provisions in the Asset Purchase Agreement, and such information shall be held in confidence by each party and
its representatives in accordance with the terms of the Asset Purchase Agreement. Without limiting the foregoing, ICTV US agrees
to maintain the confidentiality of all non-public information relating to the Buyer or its Affiliates that may be disclosed by
the Buyer to ICTV US or its Affiliates in connection with the performance of the Services hereunder and to use such information
solely for the purposes of providing the Services hereunder.

 

[Signature
Page Follows]

 

    	 	9	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Transition Services Agreement to be duly executed as of the
day and year first above written.

 

	THERMA BRIGHT INC	 	ICTV BRANDS, INC
	 	 	 	 	 
	By:	/s/
    Rob Fia	 	By:	/s/ Richard
    S. Ransom (Mar 6, 2018)
	Name:	Rob
    Fia	 	Name:	Richard
    Ransom
	Title:	CEO	 	Title:	President

 

    	 	10	 

     

    

 

Schedule
A

 

Services

Term:
150 days

 

	Services	 	Service Charge
	Marketing and Promotion	 	See
        Print Insert Media Costs details below.

        AVERAGE
        MEDIA COST PER ORDER (CPO): $60.00 - $90.00

	 	 	 
	Customer Service and Support	 	$29.54
        per order

        (lines
        - 26, 27, 33, 47)

	 	 	 
	Sales	 	N/A
	 	 	 
	Accounting and Finance	 	$10.58
        per order

        (lines
        - 25, 31, 32)

	 	 	 
	Product Fulfillment	 	$
        6.00 per order

        (lines
        – 15)

	 	 	 
	Research and Development	 	See Montly Employee Resources details below
    re : R&D/Technical
	 	 	 
	Administrative and Management	 	N/A
	 	 	 
	Manufacturing	 	See
        Estimated Product Costs per sale details below

        See
        also Montly Employee Resources details below re : Manufacturing

	 	 	 
	Operations	 	Rent:
        $7,000.00 / month (two months remaining) - TBD thereafter.

        o
        ICTV Obligation: $4,550.00

        o
        JENEX Obligation: $2,450.00 (based on 35% of all FTE)

        See
        also Montly Employee Resources details below re : Operations Manager

        Costs
        associated with moving production from Israel to China

	 	 	 
	Technical Support	 	.60
        per order

        (line
        – 30)

	 	 	 
	Purchasing	 	$15.54 / unit (lines - 12 & 16)
	 	 	 
	Compliance	 	SII
        ISO Medical Certificate and Training: est. $3,000 / year. (prorated accordingly)

        See
        also Montly Employee Resources details below re : QA / Compliance

        QA/Compliance
        Travel (twice a year) Israel to China for production set-up and auditing

 

    	 	11	 

     

    

 

PRINT
INSERT MEDIA COSTS:

 

 

	MONTH	 	MEDIA COSTS	 	 	PRINTING COST	 	 	FRIEGHT (SHIPPING)	 
	MARCH 2018	 	$	26,787.50	 	 	$	17,887.50	 	 	$	1,987.50	 

 

	MONTH	 	MEDIA COSTS	 	 		 	 		 
	APRIL 2018	 	$	87,143.75	 	 	 		 	 	 		 

 

	MONTH	 	MEDIA COSTS	 	 		 	 		 
	MAY 2018	 	$	66,380.75	 	 	 		 	 	 		 

 

	MONTH	 	MEDIA COSTS	 	 	PRINTING & SHIPPING COSTS	 
	APRIL / MAY 2018	 	 		 	 	$	84,750.00	 

 

	 	●	Media
    cost is not calculated as of the date the initial insert drop/launch period. Launch lasts typically 8 to 12 weeks. Benefit
    will be realized accordingly.
	 	 	 
	 	●	Media
    costs represent month payment due.

 

ESTIMATED
PRODUCT COSTS PER SALE:

 

	ORDER TYPE	 	COST OF SALE	 	 	COST OF PRODUCT	 	 	TOTAL COST	 
	PHONE ORDER	 	$	47.00	 	 	$	15.00	 	 	$	62.00	 
	WEB ORDER	 	$	25.00	 	 	$	15.00	 	 	$	40.00	 
	AMZNORDER	 	$	41.00	 	 	$	15.00	 	 	$	56.00	 

 

MONTHLY
EMPLOYEE RESOURCES:

 

	POSITION	 	SALARY (monthly)	 	 	CLEARTOUCH %	 	 	OBLIGATION (monthly)	 
	QA I Compliance	 	$	8,400.00	 	 	 	100	%	 	$	8,400.00	 
	Operations Manager	 	$	10,000.00	 	 	 	25	%	 	$	2,500.00	 
	R&D/Technical	 	$	12,000.00	 	 	 	15	%	 	$	1,800.00	 
	Manufacturing	 	$	4,000.00	 	 	 	33	%	 	$	1,320.00	 

 

    	 	12PATENT
AND TRADEMARK PLEDGE AGREEMENT

 

THIS
AGREEMENT (this “Agreement”) is made between Therma Bright, Inc., a British Columbia corporation located
at 738-157 Adelaide Street West, Toronto, ON, CAN M5H 4E7 (the “Pledgor”), and ICTV Brands, Inc., a Nevada
corporation located at 489 Devon Park Drive, Wayne, PA 19087 (the “Pledgee”).

 

RECITALS

 

	 	A.	The
    Pledgee and the Pledgor have entered into an Asset Purchase Agreement dated March 6, 2018 and effective as of March 1, 2018
    (the “APA”).
	 	 	 
	 	B.	The
    Pledgor has agreed to pledge the Pledged Assets (as hereinafter defined) to the Pledgee as security for the rights of the
    Pledgee under paragraphs 2.5 (b), (c) and (d) of the APA.

 

IT
IS AGREED as follows:

 

	 	1.	DEFINITIONS:
    Unless defined otherwise herein, capitalized terms and expressions used herein shall have the meaning ascribed to them
    in the APA:

 

	 	a.	“APA”
    has the meaning given to it in Recital (A).
	 	 	 
	 	b.	“Enforcement”
    means the foreclosure or any other kind of realization of the Pledged Assets.
	 	 	 
	 	c.	“Parties”
    means the Pledgor and the Pledgee and “Party” means each of them.
	 	 	 
	 	d.	“Patent”
    means US Patent No. 9,414,470
	 	 	 
	 	e.	“Pledged
    Assets” means the rights in the Patent and Trademark.
	 	 	 
	 	f.	“Pledgee”
    means the pledgee as set forth on the cover page of this Agreement.
	 	 	 
	 	g.	“Pledgor”
    means the pledgor as set forth on the cover page of this Agreement.
	 	 	 
	 	h.	“Secured
    Obligations” means the Pledgor’s obligation to pay the balance of the Purchase Price under paragraphs 2.5
    (b), (c) and (d) of the APA.
	 	 	 
	 	i.	“Security”
    means a mortgage, charge, pledge, lien or other security interest securing any obligation of any business or any other
    agreement or arrangement having the effect of Security.
	 	 	 
	 	J.	“Trademark”
    means US Trademark No. 5,355,075.

 

    	 	 	 

     

    

 

	 	2.	PLEDGE

 

	 	a.	Undertaking
    to Pledge: The Parties agree that in the event of a default by the Pledgor with respect to any of its Secured Obligations,
    Pledgor undertakes to pledge to the Pledgee, and grant a first priority security interest in, all Pledged Assets (the “Pledge”),
    which Pledge should become effective as of the date of such default.
	 	 	 
	 	b.	Effecting
    of the Pledge: Pledgor hereby agrees to pledge, and grant a first priority security interest in, effective as of the date
    upon which Pledgor defaults on any of its Secured Obligations (the “Default Date”), all Pledged Assets
    to the Pledgee and the Pledgee hereby accepts such Pledge.

 

	 	3.	PLEDGOR’S
    GENERAL RIGHTS AND OBLIGATIONS

 

	 	a.	As
    long as Enforcement has not occurred, the Pledgor has the unrestricted right to use the Pledged Assets.
	 	 	 
	 	b.	The
    Pledgor agrees to promptly execute and deliver at its own expense all further instruments and documents, and take all further
    action, that the Pledgee may reasonably request, if necessary, to perfect, protect, maintain and/or enforce the Pledge to
    be created under this Agreement.
	 	 	 
	 	c.	Except
    with the Pledgee’s prior written consent or unless expressly permitted otherwise, the Pledgor shall not:

 

	 	i.	do,
    or permit to be done, anything which would prejudice the priority, ranking or legality, validity and enforceability of the
    Pledge to be created pursuant to this Agreement;
	 	 	 
	 	ii.	grant
    any Security over the Pledged Assets other than the Pledge;
	 	 	 
	 	iii.	enter
    into any legal instrument relating to, or grant any Security over, or dispose of, or assign the Pledged Assets other than
    in connection with the Pledge; or
	 	 	 
	 	iv.	take
    any other action with respect to the Pledged Assets that would jeopardize any rights of the Pledgee under the Pledge, or would
    jeopardize the Enforcement or the value of the Pledged Assets.

 

	 	d.	The
    Pledgor shall promptly notify the Pledgee of any occurrence which is likely to prejudice the Pledge in order to allow the
    Pledgee to effectively ensure that the value and validity of the Security created in accordance with this Agreement is perfected
    and maintained.

 

    	 	 	 

     

    

 

	 	e.	The
    Pledgor shall at all times during the term of this Agreement take all legal and other actions which are reasonably necessary
    to safeguard all of its or the Pledgee’s rights under or in respect of the Pledged Assets and shall further, at its
    own cost, upon reasonable request by the Pledgee, furnish the Pledgee with all information, records and documents that are
    required for the purpose of securing, perfecting or otherwise implementing and/or enforcing this Agreement.

 

	 	4.	PLEDGOR’S
    OBLIGATIONS REGARDING TRADEMARK

 

	 	a.	The
    Pledgor shall use the Trademark in accordance with its current course of business.
	 	 	 
	 	b.	The
    Pledgor shall maintain the registration of all Trademark in the respective trademark register and shall duly pay all fees
    and bear all costs in connection therewith.

 

	 	5.	PLEDGOR’S
    OBLIGATIONS REGARDING PATENT

 

	 	a.	The
    Pledgor shall use the Patent in accordance with its current course of business.
	 	 	 
	 	b.	The
    Pledgor shall maintain the registration of such Patent in the respective patent register and shall duly pay all fees and bear
    all costs in connection therewith.

 

		6.	CONTINUING
                                         SECURITY; EFFECTIVENESS OF COLLATERAL

 

The
Pledge constitutes a continuing security interest which shall be cumulative, in addition to and independent of every other security
which the Pledgee may at any time hold for the Secured Obligations or any rights, powers and remedies provided by law. Subject
to Section 7 of this Agreement, the Security expressed to be created under this Agreement shall not be affected in any way by
any variation, amendment, restatement, novation, transfer, extension, compromise or release of any or all of the Secured Obligations
or the APA or of any other security from time to time.

 

		7.	RELEASE
                                         OF THE PLEDGED ASSETS

 

The
Pledge created hereby shall only terminate and the Pledgee shall only be obliged to release the Pledged Assets or the remainder
thereof if and once the Pledgee is satisfied that all the Secured Obligations have been irrevocably paid or discharged in full
and are no longer capable of arising.

 

		8.	NO
                                         ASSIGNMENT

 

The
rights and obligations of the Pledgor under this Agreement may not be assigned or transferred without the prior written consent
of the Pledgee.

 

    	 	 	 

     

    

 

		9.	INDEMNITY

 

		a.	The
                                         Pledgee shall not be liable by reason of (i) taking any action permitted by this Agreement
                                         or (ii) any neglect or default in connection with the Pledged Assets, except in the case
                                         of proven fraud or gross negligence on the part of the Pledgee.

 

		b.	The
                                         Pledgor will fully release, discharge and indemnify the Pledgee and keep it fully harmless
                                         for any claims raised or brought against it in connection with this Agreement, exce pt
                                         in the case of proven fraud or gross negligence on the part of the Pledgee in which case
                                         no such release, discharge or indemnification by Pledgor shall be required.

 

		10.	WAIVERS
                                         AND AMENDMENTS

 

		a.	No
                                         failure on the part of the Pledgee to exercise, or delay on its part in exercising, any
                                         rights hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
                                         of a right hereunder preclude any further or other exercise of that right or any other
                                         right which the Pledgee may have hereunder.

 

		b.	Any
                                         amendment or waiver of this Agreementor any provision of this Agreement (including this
                                         clause) shall only be binding if agreed in writing by the Parties hereto.

 

		11.	NOTICES

 

All
notices under this Agreement shall be in writing and be sent to the following addresses:

 

		a.	If
                                         to the Pledgee:

 

	 	i.	ICTV
    Brands, Inc.
	 	 	Attn:
                                         Richard Ransom, President

                                                         489
                                         Devon Park Drive, Suite 306

	 	 	Wayne,
    PA 19087
	 	 	Phone:
    484-598-2300
	 	 	Email:
    ransom@ictvbrands.com

 

		b.	If
                                         to the Pledgor:

 

	 	i.	Therma
    Bright, Inc. 
	 	 	Attn:
    Rob Fia, CEO
	 	 	738-157
    Adelaide Street West 
	 	 	Toronto,
    ON, CAN M5H 4E7
	 	 	Phone:
    416-867-2353
	 	 	Email:
    rfia@thejenexcorporation.com

 

    	 	 	 

     

    

 

		12.	EXPENSES

 

The
Pledgor shall pay to the Pledgee all reasonable costs and expenses (including legal fees and together with any applicable taxes)
incurred by the Pledgee and its counsel in connection with the enforcement or preservation of any rights under this Agreement
and the Security granted hereunder (but excluding any costs and expenses arising as a result of that person’s fr aud or
gross negligence or in connection with the negotiat ion and entry into this Agreement).

 

		13.	SEVERABILITY

 

If
any provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdic tion, this shall not affect or
impair the validity or enforceability in that jurisdiction of any other provision of this Agreement.

 

		14.	COUNTERPARTS

 

This
Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

 

		15.	LAW
                                         AND JURISDICTION

 

This
Agreement shall in all respects be governed by and construed in accordance with the laws of the State of Pennsylvania.

 

***
signatures on next page ***

 

    	 	 	 

     

    

 

	PLEDGEE:	 
	ICTV
    BRANDS, INC.	 
	 	 
	/s/
    Richard Ransom (Mar 6, 2018)	 
	Richard
    Ransom 	 
	RICHARD
    RANSOM	 
	PRESIDENT	 

 

	PLEDGOR:	 
	THERMA
    BRIGHT INC.	 
	 	 
	/s/
    Robert Fia	 
	ROBERT
    FIA	 
	CEO

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