Document:

Exhibit 10.12

 

IN
THE CIRCUIT COURT OF THE

9TH JUDICIAL CIRCUIT IN AND FOR

ORANGE COUNTY, FLORIDA

 

Case
No. 2018-CA-4938-0

 

US
PREMIUM FINANCE,

 

Plaintiff,

v.

 

FREECAST,
INC., a Florida corporation, 

and WILLIAM MOBLEY, individually,

 

Defendants.

_______________________/

 

STIPULATION
FOR SETTLEMENT WITH JUDGMENT UPON DEFAULT

 

The
Plaintiff, US PREMIUM FINANCE (“USPF”), and the Defendants, FREECAST, INC. (“Freecast”) and WILLIAM
MOBLEY (“Mobley”), jointly and severally (USPF, Freecast, and Mobley may be collectively referred to herein as the
“Parties,” or individually as a “Party”), pursuant to the Florida Rules of Civil Procedure, hereby
stipulate and agree to the terms, conditions and provisions of this Stipulation for Settlement and that the matters between
USPF, Freecast, and Mobley will be settled upon the following terms, conditions and provisions:

 

I.
RECITALS

 

WHEREAS,
Freecast and Mobley executed and delivered a Premium Finance Agreement and Disclosure Statement (the “First PFA”) on
September 1.5, 2016 in which Freecast and Mobley agreed to pay USPF the sum of $2,122,466.76 in thirty-six (36) equal monthly
payments of $58,957.41 beginning October 15, 2016.

 

WHEREAS,
in addition to being an obligor under the First PFA, Mobley personally guaranteed the payments due under the First PFA pursuant
to a “Guaranty” dated September 15, 2016.

 

     

     

    

 

US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

WHEREAS,
Freecast and Mobley executed and delivered another Premium Finance Agreement and Disclosure Statement (the “Second PFA”)
on April 18, 2017 in which Freecast and Mobley agreed to pay USPF the sum of $594,102.00 in twenty (20) equal monthly payments
of $29,705.10 beginning May 15, 2017.

 

WHEREAS,
Freecast and Mobley failed to make the payments due on January 15, 2018 under the First PFA and the Second PFA (collectively,
the “PFAs”).

 

WHEREAS,
USPF filed this action against Freecast and Mobley (the “Lawsuit”), asserting claims against Freecast and Mobley for,
among others, breach of the PFAs and the Guaranty;

 

WHEREAS,
Freecast and Mobley asserted defenses to the Lawsuit, but hereby acknowledge and admit that they are in default of the PFAs and
the Guaranty;

 

WHEREAS,
the Parties desire to settle and resolve their differences without resorting to further litigation conditioned upon full performance
with the terms, conditions and provisions of this Stipulation for Settlement; and

 

WHEREAS,
each Party hereto, believing this Stipulation for Settlement to be fair, just and reasonable, has assented freely and voluntarily
to its terms.

 

II.
INCORPORATION OF RECITALS. The above recitals are true and correct and are incorporated herein by reference.

 

III. PAYMENTS

 

A.
Freecast and Mobley shall pay to USPF the sum of One Million and 00/100 Dollars ($1,000,000.00) (the “Settlement
Amount”) as follows:

 

1.
$250,000 on or before January 5, 2020; 

2.
$25,000 on or before June 5, 2020;

3. $25,000 on or before December 5, 2020;

4.
$25,000 on or before June 5, 2021;

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No, 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

5.
$25,000 on or before December 5, 2021; and

6.
$650,000 on or before December 5, 2022

 

B.
In the event the sum of $750,000 is paid to USPF on or before June 5, 2021 without a prior uncured default as set forth
herein, Mobley shall be released from his Guaranty and from any further liability for the remaining $250,000 to be paid
pursuant to this Stipulation for Settlement. In that case, Mobley’s obligations and liabilities owed to USPF shall be deemed
paid and satisfied in full. Freecast’s liability shall not be affected in any manner and it will remain fully liable for all
obligations, including all payment obligations set forth in III.A, in the event Mobley is released from his Guaranty and the
obligations in this Stipulation for Settlement. In the event $750,000 is paid on or before June 5, 2021 without a prior
uncured default, the payment due in III.A.6 shall be reduced to $225,000.

 

C.
Prepayments can be made at any time without penalty. Payment is not deemed to have been made unless and until it is received
in clear funds. All payments shall be made payable to “US Premium Finance” and sent to USPF, c/o John Lippincott,
General Counsel, 280 Technology Parkway, Suite 200, Norcross, Georgia 30092.

 

IV.
STATUS OF LAWSUIT

 

The
Parties shall file a Joint Stipulation for Dismissal and requesting that the Court enter an Order adopting, approving and incorporating
the terms, conditions, and provisions of this Stipulation for Settlement and reserving jurisdiction to enforce the terms of this
Stipulation for Settlement.

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

V.
DEFAULT

 

A.
Freecast and Mobley, jointly and severally, shall be in default of this Stipulation for Settlement in the event any payment
due hereunder is not timely made in accordance with this Stipulation for Settlement after receiving written notice of the
default with five (5) days 3 opportunity to
cure. In the event the sum of $750,000 is paid on or before June 5, 2021 without an uncured default pursuant to Section III.B
above, Mobley shall not be in default of this Stipulation for Settlement in the event either of the payments identified in
Section III.A.5-6 are not timely made.

 

B.
In the event of an uncured default under this Stipulation for Settlement, USPF is and shall be entitled to obtain against
Freecast and Mobley, jointly and severally, subject to Section V.A. above, immediate entry of final judgment for damages,
with execution forthwith, for the Settlement Amount less any amounts paid pursuant to this Stipulation for Settlement (the
“Default Amount”), together with interest at the maximum rate allowed by law from the date of default, reasonable
attorneys’ fees, court costs, and all expenses incurred relating to the default, upon the filing of an affidavit without
notice, stating the default and the total amount then due and owing (the “Affidavit of Default”).

 

C.
In the event of an uncured default, USPF shall also be entitled to recover any and all additional attorneys’ fees, court
costs, and all expenses incurred in the enforcement of this Stipulation for Settlement, in the collection of this debt, and
for all post judgment and appellate proceedings.

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

VI.
GENERAL RELEASES

 

(a) A. By USPF:
Except for the obligations, terms, and conditions of this Stipulation
for Settlement, which are expressly excepted from this release, and in further consideration for the promises and covenants contained
within this Stipulation for Settlement, USPF, on its own behalf, and on behalf of its agents, heirs, employees, officers, successors,
directors, representatives, legal representatives, partners, stockholders, executors, administrators, predecessors and successors
in interest, assigns, parents, subsidiaries, divisions, departments, insurers, affiliates, and attorneys (collectively
“USPF Party Releasors”), hereby release, remise, acquit, satisfy, and forever discharge Freecast and Mobley,
and their respective employees, agents, officers, successors, directors, representatives, legal representatives, partners, stockholders,
executors, administrators, predecessors and successors in interest, assigns, parents, subsidiaries, divisions, departments, insurers,
affiliates, heirs, assigns, and attorneys (collectively “Freecast Released Parties”), from all manner of actions,
causes of action, accounts, reckonings, controversies, agreements, promises, suits, choses in action, contracts, covenants, claims,
bonds, bills, debts, dues, sums of money, commissions, compensation for purported personal services rendered, judgments, executions,
damages, demands, and rights whatsoever, in law or in equity, which the USPF Party Releasors ever had, now have, or hereafter
can, shall, or may have against the Freecast Released Parties, for, upon, or by reason of any matter, cause, act, transaction,
occurrence, or thing whatsoever, from the beginning of the world to the date this Stipulation for Settlement is fully executed;
this includes, but is not limited to, all matters, known or unknown, which were or could have been brought in connection with
all claims, counterclaims, cross-claims, and other claims for affirmative relief, including those that have been or could have
been raised or arising out of the Litigation.

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

B.
By Freecast and Mobley: In further consideration for the promises and covenants contained within this Stipulation for Settlement,
Freecast and Mobley, on their own behalves, and on behalf of their agents, heirs, employees, officers, successors, directors,
representatives, legal representatives, partners, stockholders, executors, administrators, predecessors and successors in interest,
assigns, parents, subsidiaries, divisions, departments, insurers, affiliates, and attorneys (collectively “Freecast Party
Releasors”), hereby release, remise, acquit, satisfy, and forever discharge USPF, and their respective employees, agents,
officers, successors, directors, representatives, legal representatives, partners, stockholders, executors, administrators, predecessors
and successors in interest, assigns, parents, subsidiaries, divisions, departments, insurers, affiliates, heirs, assigns, and
attorneys (collectively the “USPF Released Parties”), from all manner of actions, causes of action, accounts,
reckonings, controversies, agreements, promises, suits, choses in action, contracts, covenants, claims, bonds, bills, debts, dues,
sums of money, commissions, compensation for purported personal services rendered, judgments, executions, damages, demands, and
rights whatsoever, in law or in equity, which the Freecast Party Releasors ever had, now have, or hereafter can, shall, or may
have against the USPF Released Parties, for, upon, or by reason of any matter, cause, act, transaction, occurrence, or thing whatsoever,
from the beginning of the world to the date this Stipulation for Settlement is fully executed; this includes, but is not limited
to, all matters, known or unknown, which were or could have been brought in connection with all claims, counterclaims, cross-claims,
and other claims for affirmative relief, including those that have been or could have been raised or arising out of the Litigation.

 

VII.
MISCELLANEOUS

 

A.
This document may be signed in counterparts and facsimile signatures shall be treated as original for all
purposes.

 

B.
Notice as provided for herein shall be good if by e-mail, hand delivery or verifiable courier. Notice shall be deemed
received and delivered on the date of delivery if notice is provided by certified mail, and if by email, the date the email
is sent. Notices shall be sent to the Parties as follows:

 

If
to USPF:

 

John
Lippincott, Esquire

General Counsel

US
Premium Finance

280
Technology Parkway, Suite 200

Norcross, Georgia 30092

Thippincott@USPremiumFinance.com

 

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US Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

With
a copy to:

 

Steven
A. Wahlbrink, Esquire

Seiler,
Sautter, Zaden, Rimes & Wahlbriiik

North Andrews Avenue Fort

Lauderdale, Florida 33311

swahlbrink@sszrlaw.com

 

If
to Freecast and/or Mobley:

 

William Mobley

7447
Ridge Road

Sarasota,
Florida 34238 

bmobley@freecast.corn

 

with
a copy to:

 

Tucker
Byrd, Esquire

Byrd
Campbell, P.A.

180
Park Avenue North, Suite 2A

Winter Park, Florida 32789 

TByrd43yrdCampbell.com

 

The
Parties shall provide notice, in writing, of any changes to the aforesaid notice addresses and email addresses.

 

C.
This Stipulation for Settlement contains and embodies the entire understanding and agreement by, between and among the
Parties concerning their settlement of the claims raised or that could have been raised by, between, and among the Parties in
the Lawsuit, that there are no other promises, inducements or understandings by, between, and among the Parties not expressly
set forth herein, and that the terms, conditions, and provisions of this Stipulation for Settlement cannot be modified or
amended by any party unless all parties agree in. writing.

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

D.
The parties further acknowledge and represent that they have been given an opportunity to consult with attorneys of their
choice in connection with the execution of this Stipulation for Settlement.

 

E.
The parties agree that the provisions of this Stipulation for Settlement shall inure to the benefit of and shall be binding
upon the heirs, executors, administrators, successors and assigns of each of the parties. Except as otherwise expressly
provided herein, the parties agree that this Stipulation for Settlement shall not and does not create any rights in any third
persons.

 

F.
Each individual executing this Stipulation for Settlement in a representative capacity expressly represents and warrants that
he or she is fully authorized and empowered to execute such document on behalf of the party on whose behalf he or she is
signing.

 

G.
Each of the individuals signing this Stipulation for Settlement hereby expressly warrants that he or she is in full command
of his or her physical and mental faculties.

 

H.
The parties further acknowledge and represent that they have reviewed and understand this Stipulation for Settlement and that
they have entered into this Stipulation for Settlement freely and voluntarily.

 

I.
In order to induce USPF to execute and deliver this Stipulation for Settlement, Freecast and Mobley warrant and represent
to USPF that:

 

		(a)	This
                                         Stipulation for Settlement is not being made or entered into with the actual intent to
                                         hinder, delay, or defraud any entity or person, and Freecast and USPF are each solvent
                                         and not bankrupt;

 

		(b)	No
                                         action or proceeding, including, without limitation, a voluntary or involuntary petition
                                         for bankruptcy under any chapter of the Federal Bankruptcy Code, has been instituted
                                         or threatened by or against Freecast or Mobley;

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

		(c)	The
                                         execution of this Stipulation for Settlement by Freecast and Mobley, and the performance
                                         by Freecast and Mobley of their obligations hereunder will not violate or result in a
                                         breach or constitute a default under any agreements to which any of them is a party;
                                         and

 

		(d)	The
                                         person signing this Stipulation for Settlement on behalf of Freecast is duly authorized
                                         to execute this Stipulation for Settlement on behalf of Freecast, and this Stipulation
                                         for Settlement is valid, binding and enforceable against Freecast and Mobley, in accordance
                                         with its terms.

 

J.
In entering into this Stipulation for Settlement, the : Parties hereby stipulate, acknowledge and agree that USPF gave up
valuable rights and agreed to forbear from exercising legal remedies available to it in exchange for the promises,
representations, acknowledgments and warranties of Freecast and Mobley as contained herein and that USPF would not have
entered into this Stipulation for Settlement but for such promises, representations, acknowledgments, agreements, and
warranties, all of which have been accepted by USPF in good faith, the breach of which by Freecast and Mobley, in any way, at
any time,. now or in the future, would admittedly and confessedly constitute cause for dismissal of any such bankruptcy
petition pursuant to 11 U.S.C. §1112(b). This provision is not intended to preclude Freecast or Mobley from filing for
protection under any Chapter of the Bankruptcy Code.

 

K.
Any future waiver, alteration, amendment or modification of any of the provisions of this Stipulation. for Settlement shall not
be valid or enforceable unless in writing and signed by the Parties, it being expressly agreed that this Stipulation for Settlement
cannot be modified orally, by course of dealing or by implied agreement. Moreover, any delay by USPF in enforcing its rights after
an event of default shall not be a release or waiver of the event of default and shall not be relied upon by Freecast or Mobley
as a release or waiver of the default.

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

L.
The warranties and representations of the parties in this Stipulation for Settlement shall survive the termination of this
Stipulation for Settlement.

 

M.
The terms, conditions and provisions set forth in this Stipulation for Settlement are the result of joint draftsmanship by
the Parties, each being represented by counsel (or who had the opportunity to be represented by counsel but voluntarily chose
not to do so), and any ambiguities in this Stipulation for Settlement or any documentation prepared pursuant to or in
connection with this Stipulation for Settlement shall not be construed against any of the parties because of draftsmanship.

 

N.
Time shall be of the essence with respect to this Stipulation for Settlement and all of the obligations of Freecast and
Mobley, hereunder.

 

ENTERED, AGREED, and STIPULATED as such on the dates written below.  

 

 

 

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US
Premium Finance v. Freecast, Inc., et al.

Case
No. Case No. 2018-CA-4938-0

Stipulation
For Settlement With Judgment Upon Default

 

 

 

11Exhibit 10.13

 

EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT is entered into as of January 15, 2020 and effective as of January 20, 2020 by and between FreeCast,
Inc., a Florida corporation (the “Company”), and Roy Labrador, an individual (the “Executive”).

 

RECITALS:

 

A. The
Company and the Executive seek to enter into this Employment Agreement dated as of January 15, 2020 (the “Initial Agreement”),
effective January 20, 2020 through January 20, 2021.

 

B. Each
of the Company and the Executive desires to enter into the Employment Agreement in accordance with the terms contained herein.

 

NOW, THEREFORE,
in consideration of the Recitals, and the respective covenants and agreements of each of the Company and the Executive contained
in this Agreement, each of the Company and the Executive agrees as follows:

 

ARTICLE I

Certain Definitions

 

The following terms
shall have the following respective meanings when utilized in this Agreement:

 

“Agreement” shall have the meaning set
forth in the Recital B.

 

“Affiliate”
means, with respect to any specified Person, any other Person which, directly or indirectly, controls, or is controlled by or is
under common control with, such specified Person. For purposes of this definition, the concept of “control,” when used
with respect to any specified Person, signifies the possession of the power to direct the management and policies of such specified
Person, directly or indirectly, whether through the ownership of voting securities or partnership or other equity or ownership
interests, by contract or otherwise.

 

“Cause” means any of the following:

 

(a) any
action by the Executive or any failure to act by the Executive which constitutes fraud, embezzlement, mis-appropriation,
dishonesty or breach of trust;

 

     

     

    

 

(b) any
action by the Executive which constitutes assault or any other act of violence;

 

(c) any
action by the Executive which constitutes sexual harassment or discrimination on the basis of race, ethnicity, religion, gender
or sexual preference;

 

(d) the
Executive’s conviction or plea of guilty or nob o contendre to any felony whatsoever or to any misdemeanor if the
sentence therefor includes incarceration;

 

(e) the
Executive’s attendance at work in a state of intoxication or being found with any drug or substance possession which would
constitute a criminal offense of any kind;

 

the Executive’s
carrying out any activity or making any public statement which prejudices or diminishes the good name, reputation or standing of
the Company or any its Affiliates or would cause any of them to be subjected to public contempt or ridicule;

 

(g) any
action or failure to act by the Executive which constitutes a violation of law, including without limitation any violation of any
federal or state securities laws;

 

(h) any
breach or violation by the Executive of any or all of his material covenants or agreements set forth in this Agreement;

 

(i) any
failure or refusal by the Executive to perform any or all of his material duties and responsibilities as an employee of the Company;
or

 

(j) gross
negligence by the Executive in the performance of any or all of his material duties and responsibilities as an employee of the
Company.

 

“Warrants” shall
have the meaning set forth in Section 5.1.

 

“Bonus” shall have
the meaning set forth in Section 5.2.

 

“Employee Stock Option
Program” shall have the meaning set forth in Section 5.3.

 

“Tax Related Items”
shall have the meaning set forth in Section 5.1-3.

 

“Company” means FreeCast,
Inc., a Florida corporation.

 

“Confidential Information”
shall have the meaning set forth in Section 9.1(a).

 

“Disability” means
any mental or physical illness, condition, disability or incapacity which prevents the Executive from reasonably discharging his
duties and responsibilities as an officer of the Company. If any disagreement or dispute shall arise between the Company and the
Executive as to whether the Executive suffers from any Disability, then, in such event, the Executive shall submit to the physical
or mental examination of a licensed physician chosen solely by the Company, and such physician shall determine whether the Executive
suffers from.

 

    2

     

    

 

any Disability. In the absence of fraud or bad faith,
the determination of such physician shall be final and binding upon the Company and the Executive. The entire cost of such examination
shall be paid for solely by the Company.

 

“Executive” means Roy Labrador, an
individual.

 

“Initial Agreement” shall have the meaning
set forth in Recital A.

 

“Person” means any
individual, person, sole proprietorship, company, corporation, partnership, limited liability company, joint venture, trust, association
or other entity, or any combination of the foregoing.

 

“Policies” shall have the meaning set
forth in Section 8.5.

 

“Restrictive Covenants” shall have the
meaning set forth in Section 8.2.

 

“Salary” shall have the meaning set forth
in Section 4.1.

 

“Term” shall have the meaning set forth
in Section 3.1.

 

“Termination Date”
means a specific date not less than fifteen nor more than forty-five days from and after the date of any Termination Notice upon
which the Executive’s employment by the Company shall terminate.

 

“Termination Notice”
shall mean a written notice which sets forth (a) the specific provision of this Agreement relied upon to terminate the Executive’s
employment and (b) a Termination Date.

 

“Territory” means the United States of America
and its territories and possessions. “Trade Secrets” shall have the meaning set forth in Section 9.1(b).

 

    3

     

    

 

ARTICLE
II

Employment

 

2.1 Employment.
The Company employs the Executive and the Executive accepts such employment. Subject to
the direction of the Board of Directors and the Chief Executive Officer, the Executive shall serve as the Executive Vice President
of Telecommunication Sales of the Company. The Executive shall have such responsibilities, perform such duties and exercise such
power and authority as may from time to time be delegated to him by the Board of Directors or the Chief Executive Officer or are
inherent in, or incident to, such office. The Executive shall devote substantially all of his business time and attention and
his best efforts to the diligent, professional and ethical performance of his duties as an employee of the Company.

 

2.2
Change in Position. If the Executive’s position with the Company
shall change for any reason, then this Agreement shall terminate, and the provisions of Section 7.4 shall apply.

 

ARTICLE III

Term

 

3.1
Term. The term of the Executive’s employment by the Company shall be for a period of one year, commencing on January
20, 2020 and continuing through January 20, 2021 (the “Term”). Subsequent to January 20, 2021, the Term shall be automatically
extended on a month-to-month basis. Notwithstanding the provisions of the immediately preceding sentences, the Executive’s
employment by the Company may be terminated prior to the expiration of the initial Term or any extension thereof in accordance
with the provisions of Article VII below.

 

ARTICLE
IV

Salary 

 

4.1
Salary. In full payment for the obligations to be performed by the
Executive during the term of this Agreement, effective as of January 20, 2020, the Company shall pay to the Executive a
salary (subject to applicable payroll and/or other taxes required by law to be withheld) equal to One Hundred & Eighty
Thousand Dollars ($180,000.00) for the year ending January 20, 2020 (the “Salary”), per annum thereafter until a
new extension is executed between the parties.

 

4.2 Payment
of Salary. The Salary shall be paid to the Executive in installments from time to time on
the same dates payments of salary and/or normal and customary payroll periods are generally made to all senior management employees
of the Company.

 

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left blank

 

 

 

 

 

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ARTICLE V

Incentives 

 

5.1 Warrants.
In order to induce the Executive to enter into this Employment Agreement and extend
his employment through January 20, 2021, and perform his obligations thereunder; the Executive has executed and delivered to the
Company a subscription agreement and the Company has issued to the Executive, Warrants to purchase an aggregate amount of Sixty
Thousand (60,000) shares of its common stock, with a par value $0.0001 per share (the “Common Stock”), at a purchase
price of One Dollar and Seventy Five Cents USD ($1.75) per share upon exercising said Warrants. The aforementioned Warrants shall
vest immediately. The initial exercise period will begin June 20, 2020 and expire on June 20, 2021. Any such bonus shall be subject
to applicable taxes required by law to be withheld.

 

5.2 Bonus.
The Executive shall have the opportunity to earn a discretionary bonus on a monthly or quarterly basis as may be determined in
the sole discretion of the Board of Directors of the Company. It is understood that the Executive and Company will meet collectively
to structure the Bonus Program with the intention of a proposed five percent (5%) allowance for bonuses of gross sales paid to
the Company, generated and delivered specifically by the Executive or collectively among additional parties or persons which the
Executive may choose to include. This agreement may be amended upon determination of the specifications of the Bonus Program forthcoming,
with the details of the proposed Bonus Program. Any such bonus shall be subject to applicable payroll and/or other taxes required
by law to be withheld.

 

5.3 Employee
Stock Option Program. The Executive shall have the opportunity to participate in a (ESOP) “Employee Stock Option
Program” on an annual basis as may be determined and created by the Company, and at the sole discretion of the Board of Directors
of the Company. Any earnings from such Employee Stock Option Program shall be subject to applicable taxes required by law to be
withheld.

 

ARTICLE VI

Certain Fringe Benefits

 

6.1 Generally.
The Executive may receive such benefits and participate in such benefit plans as
are generally provided from time to time such as discounted group participation Medical / Health Insurance plans by the Company
to its senior management employees; provided, however, that nothing contained in this Section 6.1 shall be construed to
obligate the Company to provide any specific benefits to its respective senior management employees generally or to the Executive
specifically.

 

    6

     

    

 

6.2
Vacations. The Executive shall be entitled to three weeks’ vacation time on an annual basis in
accordance with such policies as are from time to time adopted by the Company’s Board of Directors with respect to its
senior management employees.

 

6.3 Business,
Travel and Entertainment Expenses. Within a reasonable time, after the submission of appropriate receipts and other evidence
by the Executive, the Company shall pay, or reimburse the Executive for, all reasonable business, travel and entertainment expenses
incurred by the Executive in connection with the performance of his duties and responsibilities on behalf of the Company.

 

ARTICLE VII

Termination of Employment

 

7.1 Termination
of Employment.

 

(a) Notwithstanding
the provisions of Article III above, the employment of the Executive (i) shall automatically terminate upon the death of the Executive
pursuant to the provisions of Section 7.2, (ii) may be terminated at any time by the Company pursuant to the provisions of Sections
7.3 or 7.4 and (iii) may be terminated at any time by the Executive pursuant to the provisions of Section 7.5.

 

(b) If
the Company shall desire to terminate the Executive’s employment by the Company pursuant to any of the provisions of Sections
7.3 or 7.4 of this Agreement, then, in such event, the Company shall provide a Termination Notice to the Executive.

 

(c) If
the Executive shall desire to terminate his employment by the Company pursuant to the provisions of Sections 7.5 of this Agreement,
then, in such event, the Executive shall provide a Termination Notice to the Company.

 

(d) If
the Executive’s employment by the Company shall be terminated pursuant to any of the provisions of this Article VII, then
the Company shall be discharged from all of its obligations to the Executive under this Agreement upon the payment to the Executive
of the amount set forth in the Section of this Article VII pursuant to which such termination of employment shall occur. The Executive’s
sole and exclusive remedy for the termination of his employment by the Company prior to the expiration of the Term, regardless
of whether such termination shall be initiated by the Company or the Executive, shall be the payment by the Company to the Executive
of the amount set forth in the Section of this Article VII pursuant to which such termination shall occur.

 

    7

     

    

 

7.2 Death
of Executive. If during the Term the Executive shall die, then the employment of the Executive by the Company shall automatically
terminate on the date of the Executive’s death. In such event, the Company shall be obligated to pay to the Executive’s
estate or as otherwise directed by the Executive’s personal representative or executor, the Executive’s Salary and
earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the date
of the Executive’s death.

 

7.3 Disability of Executive. If during
the Term the Executive shall suffer any Disability, then the Company may terminate the Executive’s employment. In such event,
the Company shall pay to the Executive or as otherwise directed by the Executive’s legal representative his Salary and earned
Warrants and Shares (subject to applicable payroll and/or taxes required by law to be withheld) through the Termination Date set
forth in the Termination Notice.

 

7.4 Termination of Employment by
Company.

 

(a) The
Company may terminate the Executive’s employment at any time with Cause. In such event, the Company shall continue to pay
to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable
payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

 

(b) The
Company may terminate the Executive’s employment at any time without Cause. In such event, (i) the Company shall continue
to pay to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other
taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice and (ii) the Company shall
continue to pay to the Executive a salary at the rate of One Hundred & Eighty Thousand Dollars ($180,000.00) per annum (subject
to applicable payroll and/or other taxes required by law to be withheld) for a period of six months subsequent to the Termination
Date set forth in the Termination Notice and (iii) all Warrants and Shares as defined in this Agreement shall vest on the Termination
Date.

 

7.5 Termination
of Employment by Executive. The Executive may terminate his employment at any time. In such event, the Company shall continue
to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to
applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination
Notice.

 

    8

     

    

 

ARTICLE VIII

Certain Covenants of the
Executive

 

8.1 Certain
Restrictive Covenants. The Executive covenants and agrees with the Company and each Affiliate of the Company as follows:

 

(a) He
shall not at any time, directly or indirectly, for himself or for any other Person, approach, counsel, solicit, induce or attempt
to approach, counsel, solicit or induce any Person employed or engaged by the Company or any Affiliate of the Company, whether
such Person is a full-time employee, part-time employee or independent contractor, to terminate his, her or its employment or independent
contractor relationship with the Company or any Affiliate of the Company.

 

(b) He
shall not at any time, directly or indirectly, for himself or for any other Person employ, attempt to employ or enter into any
contractual arrangement for employment with, engage, attempt to engage or enter into any contractual arrangement for the engagement
of, any employee or former employee or independent contractor or former independent contractor of the Company or any Affiliate
of the Company, unless such former employee or independent contractor shall not have been employed or engaged by the Company or
any Affiliate of the Company for a period of at least one year.

 

(c) He
shall not, while he is employed by the Company and for a period of one year from and after the date that his employment by the
Company ceases or terminates for any reason, directly or indirectly, for himself or for any other Person:

 

(i) acquire
or own in any manner any interest in, or loan any amount to, any Person which competes in any manner with the Company or any Affiliate
of the Company anywhere in the Territory;

 

(ii) be
employed by or serve as an employee, agent, officer, director or manager of, or as a consultant to, or as an independent contractor
or salesperson for, any Person which competes in any manner with the Company or any Affiliate of the Company in the Territory;

 

(iii) solicit,
attempt to solicit, market, sell or provide, or attempt to market, sell or provide, any goods or services to any customer of the
Company or any Affiliate of the Company, other than on behalf of the Company or an Affiliate of the Company or unless any such
customer has not been a customer of the Company or any Affiliate of the Company for a period of at least one year;

 

(iv) procure
goods or services from any supplier or vendor of the Company or any Affiliate of the Company, other than on behalf of the Company
or an Affiliate of the Company or unless any such supplier or vendor has not been a supplier or vendor to the Company or any Affiliate
of the Company for a period of at least one year;

 

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(v) compete
in any manner with the Company or any of its Affiliates in the Territory; or

 

(vi) interfere
with, disrupt, or attempt to interfere with or disrupt, any existing relationship, contractual or otherwise, between the Company
or any Affiliate of the Company on the one hand, and any of the respective employees, independent contractors, customers, suppliers,
vendors or other Persons with which any of the Company or its Affiliates has business relations or deals with on the other.

 

The foregoing provisions of
this Section 8.1(c) shall not prevent the Executive from acquiring and owning not more than one percent of the equity securities
of any Person whose securities are listed for trading on a national securities exchange or are regularly traded in the over-the-counter
securities market.

 

8.2 Independent
Agreements. The restrictive covenants set forth in Section 8.1 above (collectively, the
“Restrictive Covenants”) shall be construed as agreements independent of any other provision contained in this
Agreement, and the existence of any claim or cause of action, whether predicated upon this Agreement or otherwise, against
the Company or any of its Affiliates shall not constitute a defense to the enforcement by the Company or any of its
Affiliates of any of the Restrictive Covenants. The Executive acknowledges that the Company has fully performed all
obligations entitling it to the benefits of the Restrictive Covenants, and that the Restrictive Covenants, therefore, are not
executory or otherwise subject to rejection under the Bankruptcy Code of 1978.

 

8.3
Reasonable Restraint. Each of the Company and the Executive
acknowledges that each of the Restrictive Covenants is a reasonable and necessary restraint of trade and does not violate any
applicable laws, rules or regulations, including without limitation the Sherman Antitrust Act, the Florida Antitrust Act or
the common law. Each of the Company and the Executive acknowledges that the Company conducts its business activities on a
worldwide basis and throughout the Territory. Each of the Company and the Executive acknowledges that each of the Restrictive
Covenants is supported by valid and legitimate business interests, including without limitation the need to protect the
Confidential Information and Trade Secrets (as such terms are hereinafter defined) of the Company and its Affiliates, and the
need to protect the substantial relationships of the Company and its Affiliates with their respective employees and
independent contractors, current and prospective customers, and current and prospective vendors, and that the period of
restriction set forth in Section 8.1(c) above is essential to the full protection of each of such valid and legitimate
business interests.

 

8.4
Severabilitv. Each of the Company and the Executive agrees that each of the
Restrictive Covenants is reasonable and proper with respect to duration, geographical scope, and lines of business. If all or
any portion of any of the Restrictive Covenants is held by a court of competent jurisdiction to be unreasonable, arbitrary or
against public policy for any reason, then all or such portion of such Restrictive Covenants shall be considered divisible as
to duration, geographical scope or lines of business, or may be otherwise narrowed so as to be enforceable. If a court of competent
jurisdiction shall determine that a time period, a geographical area or a specified line of business is unreasonable, arbitrary
or against public policy for any reason, then a shorter period, a smaller geographical area or a narrower line of business, as
shall be determined by such court to be reasonable, non-arbitrary and not against public policy, may be enforced against the Executive
by the Company.

 

    10

     

    

 

8.5 Certain
Policies. The Executive acknowledges that (a) he has been provided with a copy of the Company’s Policies Regarding
Electronic Information Systems, Electronic Mail, Internet and Telephone and Other Communications (the “Policies”),
(b) he has read the Policies, (c) he has had an opportunity ask questions of and to seek information regarding the Policies, (d)
he understands the Policies and (e) he accepts, consents to and agrees to abide by the Policies.

 

8.6 Assignment of Works. The Executive
assigns to the Company or its assigns all of the Executive’s right, title and interest in and to all developments, inventions
and ideas made, conceived or reduced to practice solely or jointly by the Executive while engaging in activities within the scope
of his employment by the Company, regardless of whether any of such developments, inventions and ideas qualify as intellectual
property or were conceived or developed during business hours. The Executive acknowledges and agrees that all original works of
authorship that are made with the scope of his employment by the Company and which can be legally protected are “works for
hire” under applicable law. The Executive shall notify the Company of all developments, inventions and ideas and to take
all actions necessary to enable the Company to seek legal protection for them.

 

ARTICLE IX

Confidential Information and Trade
Secrets

 

9.1 Certain Definitions.

 

(a) “Confidential
Information” includes information which (a) has been or is developed or is otherwise owned by the Company or any of its
Affiliates, whether developed by the Company or an Affiliate of the Company or by any other Person, (b) is not readily available
to the public and not generally ascertainable by proper means by the public, (c) if disclosed to the public, would be harmful
to the interests of the Company or any Affiliate of the Company, (d) has limited disclosure within the Company or any Affiliate
of the Company, or (e) is treated or designated by the Company or any Affiliate of the Company as being confidential. Confidential
Information may consist of technical information, including without limitation inventions, formulas, compilations, computer programs,
software, databases, methods, purchasing techniques and processes, sales techniques and processes, market data and pricing and
discounting practices, as well as business information relating to the financial condition, financial arrangements, business plans
or strategies (such as new products and services and plans for sales, marketing, purchasing, distribution, services or promotions),
employee training materials, sales manuals, customer needs, contacts, accounts and the like, vendor or supplier lists, vendor
or supplier needs, contacts, accounts and the like, personnel, payroll and financial data and records, and any and all data, information,
plans, processes, procedures, methods and records of any kind or nature whatsoever, regardless of the form of storage medium and
wherever located, related in any manner to the Company or any Affiliate of the Company or their respective businesses, operations
or affairs or their respective members, managers, directors, officers, employees, agents or independent contractors.

 

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(b) “Trade
Secrets” include Confidential Information which is sufficiently secret to derive actual or potential economic value to the
Company or an Affiliate of the Company from not being generally known to, and not being readily ascertainable by, the competitors
of the Company or an Affiliate of the Company and other Persons (including without limitation the vendors, suppliers and customers
of the Company or any Affiliate of the Company), which information gives, or has the potential of giving, the Company or any Affiliate
of the Company an advantage over the competitors of the Company or any Affiliate of the Company or other Persons (including without
limitation the vendors, suppliers and customers of the Company or any Affiliate of the Company) which can obtain economic value
from the disclosure or use of the information and which information the Company or any Affiliate of the Company has taken, and
will continue to take, reasonable steps to maintain as secret or confidential vis-a-vis its current and potential competitors and
other Persons (including without limitation the Company’s vendors, suppliers and customers).

 

9.2
Ownership of Confidential Information and Trade Secrets. The Executive acknowledges that, in the course of
his relationship with the Company, he has received, used, had access to and became familiar with, or in the future will
receive, use, have access to and become familiar with, the Confidential Information and the Trade Secrets which are owned by
the Company or by an Affiliate of the Company or which are or will be otherwise used in connection with the current or future
business of the Company or an Affiliate of the Company. The Executive acknowledges and agrees that all such Confidential
Information and Trade Secrets are and shall remain the sole and exclusive property of the Company or an Affiliate of the
Company, as the case may be, and that the covenants set forth in Section 9.3 below are fair and reasonable.

 

9.3
Non-Disclosure. The Executive shall not, directly or indirectly, at any time disclose to any Person, or
take or use for the purposes of any Person, other than the Company or its Affiliates, any Confidential Information or Trade
Secrets. The Executive shall not, directly or indirectly, at any time copy or place any Confidential Information or Trade
Secrets on to any personal computer or other data collection or storage device that is not owned by the Company or an
Affiliate of the Company. The obligations of the Executive set forth in this Section 9.3 apply to, and are intended to
prevent, the direct or indirect disclosure of any Confidential Information or Trade Secrets to Persons where such disclosure
of the Confidential Information or the Trade Secrets would reasonably be considered to be useful to the competitors of the
Company or any of its Affiliates or to any other Person to become a competitor based, in whole or in part, on such
Confidential Information or Trade Secrets. Immediately upon the termination of the Executive’s employment by the
Company for any reason, the Executive shall deliver to the Company all Confidential Information and Trade Secrets and all
Company property then in his possession.

 

    12

     

    

 

9.4 Independent
Agreements. The covenants set forth in Section 9.3 above shall be construed as an agreement independent of any other provision
contained in this Agreement, and the existence of any claim or cause of action, whether predicated upon this Agreement or otherwise,
against the Company or any of its Affiliates shall not constitute a defense to the enforcement by the Company or any of its Affiliates
of any of such covenants. The Executive acknowledges that the Company has fully performed all obligations entitling it to the
benefit of the covenants set forth in Section 9.3 above, and that such covenants, therefore, are not executory or otherwise subject
to rejection under the Bankruptcy Code of 1978.

 

ARTICLE X

Remedies; Survival

 

10.1
Injunction; Specific Performance. It is recognized and acknowledged by each of the parties that a breach or violation
by the Executive of any or all or the provisions contained in this Agreement will cause irreparable harm and damage to the Company
and/or its Affiliates in a monetary amount which would be virtually impossible to ascertain. As a result, each of the parties recognizes
and acknowledges that the Company and/or its Affiliates shall be entitled to the remedies of injunction and/or specific performance
from any court of competent jurisdiction enjoining and restraining any breach or violation by the Executive of any or all of the
provisions contained herein and/or requiring the specific performance of any or all of the provisions contained herein, and that
such rights to injunction and specific performance shall be cumulative and in addition to whatever other rights and remedies the
Company and/or its Affiliates may possess hereunder, at law and in equity.

 

10.2 Damages.
Except as otherwise provided in Article VII above, nothing contained in this Agreement shall be construed to prevent either of
the parties from seeking and recovering from the other party damages sustained by it, him or her as a result of the other party’s
breach or violation of any or all of the provisions of this Agreement.

 

10.3 Survival.
The provisions of Articles I, VIII, IX, X and XI of this Agreement shall survive indefinitely the expiration of the Term or the
termination of the Executive’s employment prior to the expiration of the Term.

 

ARTICLE XI

Miscellaneous Provisions

 

11.1 Governing
Law. This Agreement shall be governed by, and shall be construed and interpreted in accordance with, the laws of the
State of Florida, without giving effect to the conflicts of law provisions thereof.

 

    13

     

    

 

11.2 Notices.
Any and all notices and other communications required or permitted to be given pursuant to this Agreement shall be in writing
and shall be deemed to have been duly given (a) when delivered by hand, (b) two days after having been delivered to Federal Express,
UPS or another recognized overnight courier or delivery service, (c) when delivered by facsimile transmission, provided that an
original copy of such transmission shall be sent by first class mail, postage prepaid, or (d) five days after having been deposited
into the United States mail, by registered or certified mail, return receipt requested, postage prepaid, to the respective parties
at their respective addresses or to their respective facsimile telephone numbers, as follow:

 

	If to the Company:	FreeCast, Inc.
	 	6901 TPC Drive
	 	Suite 200
	 	Orlando, Florida 32822
	 	Attention: Chief Executive Officer
	 	 
	If to the Executive:	Roy Labrador
	 	806 W Francis Ave
	 	Tampa, Florida 33602

 

or to such other address or facsimile telephone
number as either party may from time to time give written notice of to the others pursuant to the foregoing provisions of this
Section 11.2. It is specifically understood and agreed by the parties that any notice or other communication given by telephone,
email, texting, tweeting or any other form or forms of communication not specifically permitted by subsections (a), (b), (c) or
(d) of this Section 11.2 shall not be deemed to be properly delivered for purposes of this Agreement and shall, therefore, be ineffective.

 

11.3 Entire Agreement.
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all
prior agreements, understandings, negotiations and arrangements, both oral and written, between the parties with respect to such
subject matter. Without limiting the generality of the immediately preceding sentence, the Initial Agreement is superseded hereby
and the Initial Agreement shall be of no further force or effect. This Agreement may not be amended or modified in any manner,
except by a written instrument executed by each of the parties.

 

11.4 Benefits;
Binding Effect. This Agreement shall be for the benefit of, and shall be binding upon, the parties hereto and their respective
heirs, personal representatives, executors, legal representatives, successors and assigns.

 

11.5 Jurisdiction
and Venue; Service of Process; Waiver of Trial by Jury. If any dispute, controversy, suit, action or proceeding shall arise
between the parties, then such dispute, controversy, suit, action or proceeding may only be brought for resolution in the United
States District Court for the Middle District of Florida, Orlando Division, or in the Judicial Circuit Court in and for Orange
County, Florida. Each of the parties consents to the jurisdiction and venue of such courts, and agrees that it or he shall not
contest or challenge the jurisdiction or venue of such courts. Each of the parties agrees that service of any process, summons,
notice or document, by United States registered or certified mail, to its or her address set forth in or as provided herein shall
be effective service of process for any suit, action or proceeding brought against it or him in any such court. In recognition
of the fact that the issues which would arise under this Agreement are of such a complex nature that they could not be properly
tried before a jury, each of the parties waives trial by jury.

 

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11.6 No Waivers.
The waiver by either party of a breach or violation of any provision of this Agreement by the other party shall not operate nor
be construed as a waiver of any subsequent breach or violation. The waiver by either party to exercise any right or remedy it or
he may possess shall not operate nor be construed as a bar to the exercise of such right or remedy by such party upon the occurrence
of any subsequent breach or violation.

 

11.7 Third Party
Beneficiaries. The Executive acknowledges and agrees that each and every present and future Affiliate of the Company shall
be entitled, as a third party beneficiary, to the rights and benefits of the representations, warranties, covenants and agreements
of the Executive set forth in this Agreement. Nothing contained in this Section 11.7 shall prohibit the modification of this Agreement
by the Company and the Executive in accordance with the provisions hereof.

 

11.8 Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of any or all of the provisions hereof.

 

11.9 Counterparts.
This Agreement may be executed in any number of counterparts and by the separate parties in separate counterparts, each of which
shall be deemed to constitute an original and all of which shall be deemed to constitute the one and the same instrument.

 

IN WITNESS WHEREOF,
each of the parties has executed and delivered this Agreement as of the date first written above.

 

FreeCast, Inc.

 

	By: 	 	 
	 	 	 
	 	/s/William A. Mobley	 	/s/ Roy Labrador
	 	William A. Mobley, Jr.,	 	Roy Labrador
	 	Chief Executive Officer	 	Executive
	 	Date: ______________	 	Date:_______________

 

 

15

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