Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the “Agreement”) is made effective as of September 5, 2017 (the “Effective Date”), between Live Ventures
Incorporated, a Nevada corporation (the “Company”) and Michael J. Stein (“Executive”).

 

WHEREAS, the Company
is a publicly-traded holding company which engages in the acquisition of companies in various industries in the United States;

 

WHEREAS, Executive
is an attorney who has previously represented publicly-traded companies;

 

WHEREAS, and the Company
desires to employ Executive and Executive desires to accept such employment.

 

NOW, THEREFORE, in
consideration of the mutual covenants and representations contained herein, the parties hereto agree as follows:

 

1.                 
Services. Effective upon October 2, 2017, the Company shall employ Executive as Senior Vice President, General
Counsel as an at-will employee until terminated pursuant to the terms of this Agreement (the “Term”). Executive shall
(i) perform such duties and services as are customarily performed by a general counsel of a publicly-traded company, including
but not limited to overseeing and identifying the legal issues in all Company departments and their interrelation, including marketing,
sales, distribution, physical plant, property management, credit, finance, human resources, production, as well as corporate governance
and business policy, consultation and/or preparation of documents required to be filed with the Securities and Exchange Committee
(“SEC”) such as Form 10-K’s, 8-K’s, 10-Q’s, etc., and such other duties as shall from time to time
be assigned to Executive by the Company’s Chief Executive Officer; (ii) devote all of Executive’s business time to
the services required of Executive hereunder; and (iii) use Executive’s best efforts, judgment, skill and energy to perform
such duties and services. As used in this Section 1, “business time” shall be determined in accordance with the usual
and customary standards of the Company. For the avoidance of doubt, the Company and Executive agree that the Executive’s
reasonable participation in charitable organizations shall not be considered a violation of this provision.

 

2.                 
Compensation. For the services to be provided during Executive’s employment with the Company, the Company
shall pay to Executive a base salary at the rate of $310,000 annually (“Annual Base Salary”), payable in accordance
with the Company’s regular payroll practices. All payments shall be made after deduction of all applicable federal, state,
and local income and withholding taxes. Any increases or decreases in Annual Base Salary shall not affect the other terms and conditions
of this Agreement. In addition, Executive will be entitled to receive Incentive Stock Options to purchase the Company’s ordinary
shares of stock pursuant to the Company’s 2014 Omnibus Equity Incentive Plan, a copy of which will be provided to Executive,
by paying to the Company the exercise price on the dates set forth in the accompanying Incentive Stock Option Agreement.

 

3.                 
Benefits. During Executive’s employment with the Company, the Executive shall be eligible to participate
in all benefit programs or plans sponsored by the Company in accordance with the terms of such programs or plans as determined
by the Company from time to time, including medical insurance. The Executive shall also be entitled to accrue paid time off (“PTO”)
pursuant to Company policy. Nothing herein shall be deemed to prohibit the Company from amending or terminating any such benefit
program or plan in its sole and absolute discretion.

 

4.                 
Expense Reimbursement. The Company shall pay or reimburse the Executive for reasonable expenses incurred or
paid by the Executive in the performance of the Executive’s duties hereunder, including but not limited to, expenses incurred
to be licensed to practice law, in accordance with the generally applicable policies and procedures of the Company, as in effect
from time to time and subject to the terms and conditions thereof. Such procedures include the reimbursement of approved expenses
within thirty (30) days after approval. Any personal or non-approved expenses will not be reimbursable and, if paid or advanced
by the Company, are authorized to be repaid to the Company by deduction from future payments to Executive. In addition, the Company
shall pay the costs for the Executive to relocate to Las Vegas with the costs estimated to be approximately $20,000 (“Relocation
Expenses”), provided, however, that such Relocation Expenses shall be repaid to the Company in the event of the termination
of the Executive’s employment for Cause (as defined herein) or resignation by the Executive prior to expiration of two (2)
years of employment with the Company, with such repayment to be made within thirty (30) days of the date of termination of employment.
Section 409A (as defined in Section 11(h)) prohibits reimbursement payments from being made any later than the end of the calendar
year following the calendar year in which the applicable expense is incurred or paid. Also under Section 409A, (i) the amount of
expenses eligible for reimbursement during any calendar year may not affect the amount of expenses eligible for reimbursement in
any other calendar year, and (ii) the right to reimbursement under this Section 4 cannot be subject to liquidation or exchange
for another benefit.

 

 

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5.                 
Termination of Employment.

 

For purposes of this
section, the following definitions shall apply to the terms set forth below:

 

A.        Cause.
As used herein, the term “Cause” means any of the following: (1) conviction of a felony or any offense involving moral
turpitude; (2) commission of an act of fraud, dishonesty, misrepresentation or breach of trust to the detriment of the Company
or affiliate of the Company; (3) suspension or bar by or any court or other supervisory body regulating the conduct of attorneys;
(4) suspension or bar by the SEC or FINRA from employment or association with a publicly-traded company; (5) commission of an act
of gross negligence or willful misconduct to the detriment of the Company, or any affiliate of the Company; (6) failure to follow
the lawful instructions of the Chief Executive Officer; or (7) breach of a material provision of this Agreement without cure by
the Executive within thirty (30) days from the date written notice of the alleged breach has been given to the Executive by the
Company.

 

B.                
Disability. As used herein, the term “Disability” means Executive’s inability to perform the essential
functions of Executive’s position, even with reasonable accommodation, due to legal, physical or mental incapacity, for a
period beyond any protected leave to which Executive is entitled under applicable law. A determination of Disability shall be subject
to the certification of a qualified medical doctor agreed to by the Company and Executive or, in the event of Executive’s
incapacity to designate a doctor, Executive’s legal representative. In the absence of agreement between the Company and Executive,
each party shall nominate a qualified medical doctor and the two (2) doctors so nominated shall select a third doctor, who shall
make the determination as to Disability.

 

C.                
Termination by Company. The Company may terminate Executive’s employment hereunder immediately for Cause, subject
to any cure provisions as described in subsection A above. Subject to the other provisions contained in this Agreement, the Company
may terminate Executive’s employment for any reason other than Cause upon sixty (60) days’ written notice to Executive.
The effective date of termination (the “Termination Date”) shall be considered to be the date of notice of termination
if for Cause and sixty (60) days subsequent to written notice of termination for any reason other than Cause; however, the Company
may elect, in its sole discretion, to have Executive leave the Company’s employ immediately, provide that Company shall continue
to pay Executive the Annual Base Salary and provide Executive with benefits through the Termination Date.

 

D.               
Death or Disability of Executive. Executive’s employment with the Company shall terminate immediately upon
the death or Disability of Executive.

 

E.                
Resignation by Executive. Executive’s employment with the Company shall terminate upon thirty (30) days’
written notice by Executive to the Company. The Company shall have the option, but not the obligation, to require that Executive
cease employment or that Executive not appear in the Company’s offices upon the receipt of such notice, in which event the
Company shall pay to the Executive the salary to which Executive would have been entitled had the Executive worked for the full
thirty (30) days.

 

F.                 
Severance Benefits Upon Termination.

 

(i)                
If Executive’s employment is terminated by the Company for Cause, or Executive terminates Executive’s employment,
then the Company shall, in accordance with applicable law, (a) pay Executive’s Annual Base Salary through the Termination
Date, (b) pay Executive any accrued but unused PTO days as of the Termination Date, and (c) reimburse Executive in accordance with
Company policy for any outstanding but unreimbursed business expenses as of the Termination Date (collectively, the “Accrued
Obligations”), and the Company shall thereafter have no further obligations to make any payment to Executive under this Agreement.

 

(ii)             
If Executive’s employment is terminated by the Company without Cause or as a result of Disability, provided that Executive
executes a release in form satisfactory to the Company, the Company shall (a) pay Executive the Accrued Obligations; (b) pay Executive
Annual Base Salary for three (3) months to be paid in equal installments on the Company’s regular pay dates (subject to applicable
withholdings and deductions); and (c) if Executive elects to continue Executive’s health insurance coverage, as applicable,
under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company will pay to Executive
cash payments equal to the difference between the COBRA continuation coverage premiums and the amount of premiums paid by similarly
situated active employees of the Company under the Company’s health insurance plans in which Executive and, if applicable,
Executive’s family, was participating immediately prior to the Termination Date until the earlier of (1) the expiration of
the six (6) months following the Termination Date, and (2) the date that Executive is eligible to receive substantially equivalent
coverage and benefits from a new employer, to be paid in equal installments on the Company’s regular pay dates (subject to
applicable withholdings and deductions).

 

 

 

 

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(iii)           
If Executive’s employment is terminated by the Company as a result of the Executive’s death, then the Company
shall pay Executive’s estate the Accrued Obligations as lawfully required, and the Company shall if Executive’s spouse
and/or dependent children elect to continue health insurance coverage, as applicable, under COBRA, the Company will pay to Executive’s
spouse or partner cash payments equal to the difference between the applicable COBRA continuation coverage premiums and the amount
of premiums paid by similarly situated active employees of the Company under the Company’s health insurance plans in which
Executive’s spouse or partner and/or dependent children were participating immediately prior to the Termination Date for
a period of twelve (12) months following Executive’s date of death.

 

(iv)            
Except as otherwise provided herein, all payments made hereunder shall be made to Executive or Executive’s estate
within thirty (30) days of the Termination Date.

 

6.                 
Restrictive Covenants.

 

(a)              
Confidentiality. Executive recognizes that any knowledge and information of any type whatsoever of a confidential
nature relating to the Company’s business, including, without limitation, all types of trade secrets, vendor and customer
and client lists and information, employee information, customer and client information provided to the Company, information regarding
product development, marketing plans, management organization information, operating policies and manuals, sourcing data, performance
results, business plans, financial records, and other financial, commercial, business and technical information (collectively,
“Confidential Information”), must be protected as confidential, not copied, disclosed or used at any time, other than
for the benefit of the Company. Executive further agrees that at any time during the Term of employment or thereafter, Executive
will not divulge to anyone (other than the Company or any person employed or designated by the Company), publish or make use of
any Confidential Information without the prior written consent of the Company, except as (and only to the extent) (i) required
by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency and then only after
providing the Company with the reasonable opportunity to prevent such disclosure or to receive confidential treatment for the Confidential
Information required to be disclosed, (ii) with respect to any other litigation, arbitration or mediation involving this Agreement,
including, but not limited to the enforcement of this Agreement, or (iii) as to Confidential Information that becomes generally
known to the public or within the relevant trade or industry other than due to the Executive’s violation of this Section
6(a). The Executive further agrees that following the termination of employment for whatever reason, (1) the Company shall keep
all tangible property assigned to the Executive or prepared by the Executive, and (2) the Executive shall not misappropriate or
infringe upon the Confidential Information of the Company (including the recreation or reconstruction of Confidential Information
from memory). Finally, in addition to this contractual restriction against disclosing Confidential Information, Executive acknowledges
that, as an attorney for the Company, Executive shall be a fiduciary to the Company and shall keep secret all attorney-client communications
and not disclose any attorney work product without first obtaining prior written consent from the Company’s Board of Directors
or Chief Executive Officer.

 

(b)              
Non-Solicitation. Executive agrees that: (i) during the Term of employment and for a period of twelve (12)
months following the termination thereof for any reason, Executive shall not hire or solicit to hire, or directly or indirectly
encourage or induce any Executive of the Company to leave the Company’s employ, whether on Executive’s own behalf or
on behalf of any other person (other than the Company), any employee or independent contractor of the Company or any individual
who had left the employ of the Company within twelve (12) months of the termination of the Executive’s employment with the
Company; and (ii) during the Term of employment and for a period of six (6) months following the termination thereof for any reason,
Executive shall not induce or attempt to induce, directly or indirectly, any customer, client, supplier, licensee, licensor, franchisee
or other business relation of the Company to cease doing business with the Company, or in any way interfere with the relationship
between any such customer, client, supplier, licensee or business relation and the Company (including, without limitation, making
any negative statements or communications about the Company).

 

(c)              
Public Comment. Executive, during the Term of employment and at all times thereafter, shall not make any derogatory
comment concerning the Company or any of its current or former directors, officers, or employees unless required by law.

 

(d)              
Blue Penciling. If any of the restrictions on competitive or other activities contained in this Section 6
shall for any reason be held by a court of competent jurisdiction to be excessively broad as to duration, geographical scope, activity
or subject, such restrictions shall be construed so as thereafter to be limited or reduced to be enforceable to the extent compatible
with the applicable law; it being understood that by the execution of this Agreement, (i) the parties hereto regard such restrictions
as reasonable and compatible with their respective rights, and (ii) the Executive acknowledges and agrees that the restrictions
will not prevent Executive from obtaining gainful employment subsequent to the termination of Executive’s employment. The
existence of any claim or cause of action by the Executive against the Company shall not constitute a defense to the enforcement
by the Company of the foregoing restrictive covenants, but such claim or cause of action shall be determined separately.

 

 

 

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(e)              
Injunctive Relief. Executive acknowledges and agrees that the covenants and obligations of the Executive set
forth in this Section 6 relate to special, unique and extraordinary services rendered by the Executive to the Company and that
a violation of any of the terms of such covenants and obligations will cause the Company irreparable injury for which adequate
remedies are not available at law. Therefore, Executive agrees that the Company shall be entitled to seek an injunction, restraining
order or other temporary or permanent equitable relief (without the requirement to post bond) restraining the Executive from committing
any violation of the covenants and obligations contained herein. These injunctive remedies are cumulative and are in addition to
any other rights and remedies the Company may have at law or in equity. By execution of this Agreement, the Executive accepts,
generally and unconditionally, the exclusive jurisdiction of the state and federal courts sitting in the State of Nevada, County
of Las Vegas, and any related appellate courts, and irrevocably agrees to be bound by any final judgment (after exhausting all
appeals therefrom or after all time periods for such appeals have expired) rendered thereby in connection with this Agreement,
and irrevocably waives any objection the Executive may now or hereafter have as to the venue of any such suit, action or proceeding
brought in such a court or that such court is an inconvenient forum.

 

7.                 
Work for Hire. Executive agrees that all marketing, operating and training ideas, sourcing data, processes
and materials, including all inventions, discoveries, improvements, enhancements, written materials and development related to
the business of the Company (“Proprietary Materials”) to which the Executive may have access or that the Executive
may develop or conceive while employed by the Company shall be considered works made for hire for the Company and prepared within
the scope of employment and shall belong exclusively to the Company. Any Proprietary Materials developed by the Executive that,
under applicable law, may not be considered works made for hire, are hereby assigned to the Company without the need for any further
consideration, and the Executive agrees to take such further action, including executing such instruments and documents as the
Company may reasonably request, to evidence such assignment.

 

8.                 
Cooperation. During the period of Executive’s employment with the Company and at any time following
the cessation of such employment for any reason, Employee agrees to cooperate (i) with the Company in the defense of any legal
matter involving any matter that arose during Employee’s employment with the Company and (ii) with all governmental authorities
on matters pertaining to any investigation, litigation or administrative proceeding pertaining to the Company. The Company will
reimburse Employee for any reasonable travel and out-of-pocket expenses incurred by Employee in providing such cooperation. Furthermore,
any such cooperation occurring after the termination of Employee’s employment shall be scheduled to the extent reasonably
practicable so as not to unreasonably interfere with Employee’s business or personal affairs.

 

9.                 
Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws
of the State of Nevada, without regard to the principles thereof relating to the conflict of laws.

 

10.             
Consent to Arbitration. The Company and Executive hereby consent to resolve all claims arising out of this
Agreement or the parties’ employment relationship through binding and confidential arbitration.

 

(a)              
This Agreement shall be governed by the Federal Arbitration Act, 9 U.S.C. § 1 et seq., and evidences a transaction
involving commerce. This Agreement applies to any dispute arising out of or related to Executive’s employment with Company
or termination of employment. Nothing contained in this Agreement shall be construed to prevent or excuse Executive from using
the Company’s existing internal procedures for resolution of complaints, and this Agreement is not intended to be a substitute
for the use of such procedures. Except as it otherwise provides, this Agreement is intended to apply to the resolution of disputes
that otherwise would be resolved in a court of law, and therefore this Agreement requires all such disputes to be resolved only
by an arbitrator through final and binding arbitration and not by way of court or jury trial. Executive expressly waives any right
to a trial by jury of claims that would otherwise be so triable and any right to seek or recover punitive damages. Such disputes
include without limitation disputes arising out of or relating to interpretation or application of this Agreement, including the
enforceability, revocability or validity of the Agreement or any portion of the Agreement. The Agreement also applies, without
limitation, to disputes regarding the employment relationship, trade secrets, unfair competition, compensation, breaks and rest
periods, termination, or harassment and claims arising under the Uniform Trade Secrets Act, Civil Rights Act of 1964, Americans
With Disabilities Act, Age Discrimination in Employment Act, Family Medical Leave Act, Fair Labor Standards Act, Executive Retirement
Income Security Act, and state statutes, if any, addressing the same or similar subject matters, and all other state statutory
and common law claims (excluding workers compensation, state disability insurance and unemployment insurance claims). Claims may
be brought before an administrative agency but only to the extent applicable law permits access to such an agency notwithstanding
the existence of an agreement to arbitrate. Such administrative claims include without limitation claims or charges brought before
the Equal Employment Opportunity Commission (www.eeoc.gov), the U.S. Department of Labor (www.do1.gov), the National
Labor Relations Board (www.nlrb.gov), the Office of Federal Contract Compliance Programs (www.do1.gov/esa/ofccp).
Nothing in this Agreement shall be deemed to preclude or excuse a party from bringing an administrative claim before any agency
in order to fulfill the party’s obligation to exhaust administrative remedies before making a claim in arbitration. Disputes
that may not be subject to pre-dispute arbitration agreement as provided by the Dodd-Frank Wall Street Reform and Consumer Protection
Act (Public Law 111-203) are excluded from the coverage of this Agreement.

 

 

 

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(b)              
The Arbitrator shall be selected by mutual agreement of the Company and the Executive from a roster of potential arbitrators
affiliated with the American Arbitration Association (“AAA”) or JAMS Endispute (“JAMS”). If for any reason
the parties cannot agree to an Arbitrator, either party may apply to the AAA or JAMS for appointment of a neutral Arbitrator. The
AAA or JAMS shall then appoint an Arbitrator, who shall act under this Agreement with the same force and effect as if the parties
had selected the Arbitrator by mutual agreement. The location of the arbitration proceeding shall be in Las Vegas, Nevada.

 

(c)              
A demand for arbitration must be in writing and delivered pursuant to the notice provisions hereof.

 

(d)              
In arbitration, the parties will have the right to conduct adequate civil discovery, bring dispositive motions, and present
witnesses and evidence as needed to present their claims and defenses, and any disputes in this regard shall be resolved by the
Arbitrator. However, there will be no right or authority for any dispute to be brought, heard or arbitrated as a class, collective
or representative action or as a class member in any purported class, collective action or representative proceeding (“Class
Action Waiver”). Notwithstanding any other clause contained in this Agreement, the preceding sentence shall not be severable
from this Agreement in any case in which the dispute to be arbitrated is brought as a class, collective or representative action.
Although Executive will not be retaliated against, disciplined or threatened with discipline as a result of Executive’s exercising
his or her rights under Section 7 of the National Labor Relations Act by the filing of or participation in a class, collective
or representative action in any forum, the Company may lawfully seek enforcement of this Agreement and the Class Action Waiver
under the Federal Arbitration Act and seek dismissal of such class, collective or representative actions or claims. Notwithstanding
any other clause contained in this Agreement, any claim that all or part of the Class Action Waiver is unenforceable, unconscionable,
void or voidable may be determined only by a court of competent jurisdiction and not by an arbitrator.

 

(e)              
In arbitration, each party will pay the fees for his, her or its own attorneys, subject to any remedies to which that party
may later be entitled under applicable law. However, in all cases where required by law, the Company will pay the Arbitrator’s
and arbitration fees. If under applicable law the Company is not required to pay all of the Arbitrator’s and/or arbitration
fees, such fee(s) will be apportioned between the parties by the Arbitrator in accordance with applicable law.

 

(f)               
Within thirty (30) days of the close of the arbitration hearing, any party will have the right to prepare, serve on the
other party and file with the Arbitrator a brief. The Arbitrator may award any party any remedy to which that party is entitled
under applicable law, but such remedies shall be limited to those that would be available to a party in a court of law for the
claims presented to and decided by the Arbitrator. The Arbitrator will issue a decision or award in writing, stating the essential
findings of fact and conclusions of law. Except as may be permitted or required by law, neither a party nor an Arbitrator may disclose
the existence, content, or results of any arbitration hereunder without the prior written consent of all parties. A court of competent
jurisdiction shall have the authority to enter a judgment upon the award made pursuant to the arbitration.

 

(g)              
Injunctive Relief: A party may apply to a court of competent jurisdiction for temporary or preliminary injunctive relief
in connection with an arbitrable controversy, but only upon the ground that the award to which that party may be entitled may be
rendered ineffectual without such provisional relief.

 

(h)              
This Section 10 contains the full and complete agreement relating to the formal resolution of employment-related disputes.
In the event any portion of this section is deemed unenforceable and except as set forth in subsection (d) hereof, the remainder
of this Agreement will be enforceable.

 

11.             
Miscellaneous.

 

(a)              
Assignment and Successors. This Agreement shall inure to the benefit of and be binding upon the parties hereto
and their respective heirs, legatees, executors, administrators, legal representatives, successors and assigns. Notwithstanding
anything in the foregoing to the contrary, the Executive may not assign any of Executive’s rights or obligations under this
Agreement without first obtaining the written consent of the Company. The Company may assign this Agreement in connection with
a sale of all or substantially all of its business and/or assets (whether direct or indirect, by purchase, merger, consolidation
or otherwise) and will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business and/or assets of the Company to assume and agree to perform this Agreement in the same manner
and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company”
means the Company as hereinbefore defined and any successor to its business and/or assets as aforesaid that assumes and agrees
to perform this Agreement by operation of law or otherwise.

 

 

 

 

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(b)              
Survival. The provisions of Sections 2 – 10 shall survive the termination of this Agreement.

 

(c)              
Notices. Any notices to be given hereunder shall be in writing and delivered personally or sent by registered
or certified mail, return receipt requested, postage prepaid as follows:

 

If to the Executive, addressed to the Executive at
the address then shown in the Executive’s employment records

 

If to the Company at:

 

Live Ventures Incorporated

325 East Warm Springs Road

Suite 102

Las Vegas, NV 89119

Attention: Chief Executive Officer

 

With a copy to:

 

Windels Marx Lane & Mittendorf,
LLP

156 West 56th Street

New York, New York 10019

Attention: Scott R. Matthews,
Esq.

 

Any party may change the address to which
notices are to be sent by giving notice of such change of address to the other party in the manner provided above for giving notice.

 

(d)              
Severability. The invalidity of any one or more provisions of this Agreement or any part thereof shall not
affect the validity of any other provision of this Agreement or part thereof; and in the event that one or more provisions contained
herein shall be held to be invalid, the Agreement shall be reformed to make such provisions enforceable.

 

(e)              
Waiver. The Company, in its sole discretion, may waive any of the requirements imposed on the Executive by
this Agreement. The Company, however, reserves the right to deny any similar waiver in the future. Each such waiver must be express
and in writing and there will be no waiver by conduct. Pursuit by the Company of any available remedy, either in law or equity,
or any action of any kind, does not constitute waiver of any other remedy or action. Such remedies and actions are cumulative and
not exclusive. The Executive’s or the Company’s failure to insist upon strict compliance with any provision of this
Agreement or the failure to assert any right the Executive or the Company may have hereunder shall not be deemed to be a waiver
of such provision or right or any other provision or right of this Agreement.

 

(f)               
Section Headings. The section headings contained in this Agreement are for reference purposes only and shall
not in any way affect the meaning or interpretation of this Agreement.

 

(g)              
Withholding. Any payments provided for hereunder shall be reduced by any amounts required to be withheld by
the Company, and any benefits provided hereunder shall be subject to taxation if and to the extent provided, from time to time
under applicable Federal, State or local employment or income tax laws or similar statutes or other provisions of law then in effect.

 

(h)              
Section 409A of the Code. The provisions of this Agreement and any payments made herein are intended to comply
with, and should be interpreted consistent with, the requirements of Section 409A of the Code, and any related regulations or other
effective guidance promulgated thereunder (collectively, “Section 409A”). The time or schedule of a payment to which
the Executive is entitled under this Agreement may be accelerated at any time that this Agreement fails to meet the requirements
of Section 409A and any such payment will be limited to the amount required to be included in the Executive’s income as a
result of the failure to comply with Section 409A.

 

 

 

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(i)                
Waiver of Jury Trial. The Company and the Executive hereby waive, as against the other, trial by jury in any
judicial proceeding to which they are both parties involving, directly or indirectly, any matter in any way arising out of, related
to or connected with this Agreement.

 

(j)                
Entire Agreement. This Agreement contains the entire understanding, and cancels and supersedes all prior agreements,
including, without limitation, any offer of employment, agreement in principle or oral statement, letter of intent, statement of
understanding or guidelines of the parties hereto with respect to the subject matter hereof. Notwithstanding the foregoing, this
Agreement does not cancel or supersede the programs or plans referred to in Section 3. This Agreement may be amended, supplemented
or otherwise modified only by a written document executed by each of the parties hereto or their respective successors or assigns.
The Executive acknowledges that Executive is entering into this Agreement of Executive’s own free will and accord, with no
duress, and that Executive has read this Agreement and understands it and its legal consequences.

 

(k)              
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument.

 

(l)                
Representations. Executive hereby represents and warrants to the Company that the execution and delivery of
this Agreement, and the performance of Executive’s obligations hereunder, are not in violation of, and do not and will not
conflict with or constitute a default under, any of the terms and provisions of any agreement or instrument to which Executive
is subject; and that this Agreement has been duly executed and delivered by Executive and is a valid and binding obligation in
accordance with its terms. It is important that Executive completely understands the terms and conditions in this Agreement. Executive
acknowledges and represents that there has been an opportunity to ask any question Executive may have about this Agreement. Executive
expressly acknowledges and represents that: (i) Executive is competent to execute this Agreement; (ii) the Company has advised
Executive to consult with an attorney before signing this Agreement; and (iii) Executive is executing this Agreement voluntarily.

 

(m)            
Eligibility to Work. In compliance with the Immigration Reform and Control
Act of 1986, Executive must provide proof of eligibility to work in the United States by completing a Form I-9.  As part of
the verification process, Executive may present a document or a combination of documents to demonstrate Executive’s identity
and work authorization. The Form I-9 and instructions, including the lists of acceptable documents will be provided to Executive,
and must be completed no later than close of business of Executive’s first day of employment with the Company.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

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IN WITNESS WHEREOF,
this Agreement is executed as of the Effective Date set forth above.

 

 

	 	 	 
	LIVE VENTURES INCORPORATED	 	MICHAEL J. STEIN
	 	 	 
	 	 	 
	Signature: /s/ Jon Isaac                            	 	Signature: /s/ Michael J. Stein                                
	By (printed): Jon Isaac	 	By (printed): Michael J. Stein
	Title: President and CEO	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	8Exhibit 10.2

 

LIVE VENTURES INCORPORATED

 

2014 OMNIBUS EQUITY INCENTIVE PLAN

 

INCENTIVE STOCK OPTION AGREEMENT

 

THIS AGREEMENT made as
of September 5, 2017 (the “Grant Date”), by and between Live Ventures Incorporated (the “Company”)
and Michael J. Stein (the “Optionee”).

 

WITNESSETH:

 

WHEREAS, the Company has
adopted and maintains the LiveDeal, Inc. 2014 Omnibus Equity Incentive Plan effective January 8, 2014 (the “Plan”),
and

 

WHEREAS, the Committee
has authorized the grant to the Optionee of an Option under the Plan, on the terms and conditions set forth in the Plan and as
hereinafter provided,

 

NOW, THEREFORE, in consideration
of the premises contained herein, the Company and the Optionee hereby agree as follows:

 

1.                 
Plan. This Option award is made pursuant to the terms of the Plan which are incorporated herein by reference. Terms
used in this Agreement which are defined in the Plan shall have the same meaning as set forth in the Plan.

 

2.                 
Grant of Option. The Company hereby grants to the Optionee an option to purchase:

 

(a)              
Option A: 4,000 of the Company’s Ordinary Shares (“Shares”) for an Option price per Share equal to $23.4100,
which is not less than the fair market value on the date of the grant;

 

(b)              
Option B: 4,000 of the Company’s Ordinary Shares (“Shares”) for an Option price per Share equal to $27.6000;

 

(c)              
Option C: 4,000 of the Company’s Ordinary Shares (“Shares”) for an Option price per Share equal to $31.7400;

 

(d)              
Option D: 4,000 of the Company’s Ordinary Shares (“Shares”) for an Option price per Share equal to $36.5010;
and

 

(e)              
Option E: 4,000 of the Company’s Ordinary Shares (“Shares”) for an Option price per Share equal to $41.9762.

 

The Option is intended by the Committee
to qualify as an Incentive Stock Option as provided in Section 9 and the provisions hereof shall be interpreted on a basis consistent
with such intent.

 

3.                 
Exercise Period.

 

(a)              
The Option shall be exercisable on or after vesting of the Option pursuant to the terms of the Plan and this Agreement.

 

(b)              
All or any part of the Option may be exercised by the Optionee no later than the tenth (10th) anniversary of the Grant Date
of the Option.

 

(c)              
This Agreement and the Option shall terminate on the earlier of (i) the tenth (10th) anniversary of the Grant Date, or (ii)
the date as of which the Option has been fully exercised.

 

 

 

 

    	 	1	 

     

    

 

4.                 
Vesting. Except as provided below and subject to the Optionee’s continuation of service with the Company during
the vesting period, the Option shall vest and become exercisable pursuant to the following schedule:

 

(a)              
Option A: 12 months from the Grant Date;

 

(b)              
Option B: 24 months from the Grant Date;

 

(c)              
Option C: 36 months from the Grant Date;

 

(d)              
Option D: 48 months from the Grant Date; and

 

(e)              
Option E: 60 months from the Grant Date.

 

5.                 
Termination of Service. In the event of the Optionee’s Termination of Service with the Company, the provisions
of Article VI of the Plan shall control.

 

6.                 
Change in Control. Notwithstanding the foregoing upon a Change of Control, the Option shall automatically become
fully vested and exercisable as of the date of such Change of Control.

 

7.                 
Restrictions on Transfer of Option. This Agreement and the Option shall not be transferable otherwise than by will
or by the laws of descent and distribution and the Option shall be exercisable, during the Optionee’s lifetime, solely by
the Optionee.

 

8.                 
Exercise of Option.

 

(a)              
The Option shall become exercisable at such time as shall be provided herein or in the Plan and shall be exercisable by
written notice of such exercise, in the form prescribed by the Committee, to the Secretary of the Company, at its principal office.
The notice shall specify the number of Shares for which the Option is being exercised.

 

(b)              
Shares purchased pursuant to the Option shall be paid for in full at the time of such purchase in cash.

 

9.                 
Tax Status of Option. 

 

(a)              
Incentive Stock Option. This Option is intended to be an Incentive Stock Option within the meaning of Section 422(b)
of the Code, but the Company does not represent or warrant that this Option qualifies as such. The Optionee should consult with
the Optionee’s own tax advisor regarding the tax effects of this Option and the requirements necessary to obtain favorable
income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements. If at any time
the Option shall fail or cease to meet the requirements of Section 422 of the Code, it shall automatically convert to a, and be
treated as a, Nonqualified Option under the terms of the Plan.

 

(b)              
Exercise Limitation. Options shall not be treated as Incentive Stock Options to the extent the aggregate Fair Market
Value of the shares of Stock with respect to which the Optionee may exercise the Option for the first time during any calendar
year, when added to the aggregate Fair Market Value of the shares subject to any other options designated as Incentive Stock Options
granted to the Optionee under all stock option plans of Company prior to the Date of Option Grant with respect to which such options
are exercisable for the first time during the same calendar year, shall exceed One Hundred Thousand Dollars ($100,000), as and
only to the extent necessary to comply with the limitations under Code Section 422(d). For purposes of the preceding sentence,
options designated as Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair
Market Value of shares of stock shall be determined as of the time the option with respect to such shares is granted as required
under Code Section 422(d).

 

 

 

 

    	 	2	 

     

    

 

(c)              
Notice of Disqualifying Disposition. The Optionee shall promptly notify the Company if the Optionee disposes of any
of the shares acquired pursuant to the Option within one (1) year after the date of the Optionee exercises all or part of the Option
or within two (2) years after the Grant Date of Option. Until such time as the Optionee disposes of such shares in a manner consistent
with the provisions of this Agreement, unless otherwise expressly authorized by the Company, the Optionee shall hold all shares
acquired pursuant to the Option in the Optionee’s name (and not in the name of any nominee) for the one-year period immediately
after the exercise of the Option and the two-year period immediately after the Grant Date of the Option. At any time during the
one-year or two-year periods set forth above, the Company may place a legend on any certificate representing shares acquired pursuant
to the Option requesting the transfer agent for the Company’s stock to notify the Company of any such transfers. The obligation
of the Optionee to notify the Company of any such transfer shall continue notwithstanding that a legend has been placed on the
certificate pursuant to the preceding sentence.

 

10.             
Regulation by the Committee. This Agreement and the Option shall be subject to the administrative procedures and
rules as the Committee shall adopt. All decisions of the Committee upon any question arising under the Plan or under this Agreement,
shall be conclusive and binding upon the Optionee and any person or persons to whom any portion of the Option has been transferred
by will, by the laws of descent and distribution.

 

11.             
Rights as a Shareholder. The Optionee shall have no rights as a shareholder with respect to Shares subject to the
Option until certificates for Shares are issued to the Optionee.

 

12.             
Reservation of Shares. With respect to the Option, the Company hereby agrees to at all times reserve for issuance
and/or delivery upon payment by the Optionee of the Option price, such number of Shares as shall be required for issuance and/or
delivery upon such payment pursuant to the Option.

 

13.             
Delivery of Share Certificates. Within a reasonable time after the exercise of the Option the Company shall cause
to be delivered to the Optionee, his or her legal representative or his or her beneficiary, a certificate for the Shares purchased
pursuant to the exercise of the Option.

 

14.             
Withholding. In the event the Optionee elects to exercise the Option (or any part thereof), the Company or an Affiliate
shall be entitled to deduct and withhold the minimum amount necessary in connection with the issuance of Shares to the Optionee
to satisfy its withholding obligations under any and all federal, state or local tax rules or regulations.

 

15.             
Amendment. The Committee may amend this Agreement at any time and from time to time; provided, however, that no amendment
of this Agreement that would materially and adversely impair the Optionee’s rights or entitlements with respect to the Option
shall be effective without the prior written consent of the Optionee (unless such amendment is required in order to cause the Award
hereunder to qualify as “performance-based” compensation within the meaning of Section 162(m) or be exempt from Code
Section 409A, as interpreted by applicable authorities).

 

16.             
Optionee Acknowledgment. Optionee acknowledges and agrees that the vesting of shares pursuant to this Option Agreement
is earned only by continuing service with the Company. Optionee further acknowledges and agrees that nothing in the Agreement,
nor in the Plan shall confer upon the Optionee any right to continue in the service of the Company, nor shall it interfere in any
way with Optionee’s right or the Company’s right to terminate Optionee’s service at any time, with or without
cause. Optionee acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions
thereof. Optionee has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel
prior to executing this Option and fully understands all provisions of the Option. By executing this Agreement, the Optionee hereby
agrees to be bound by all of the terms of both the Plan and this Agreement.

 

Signature Page Follows

 

 

 

    	 	3	 

     

    

 

	ATTEST: MICHAEL J. STEIN	 	LIVE VENTURES INCORPORATED
	 	 	 
	 	 	 
	 	 	 
	 	 	 	 
	    /s/ Michael J. Stein                           	 	
        By:/s/ Jon Isaac                                

        
	
        9/12/17

	9-11-17	 	 	Date
	Date     	 	Its: President and CEO	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	4	 

     

    

 

SAMPLE

NOTICE OF EXERCISE

 

	Live Ventures Incorporated

    Compensation Committee	Date of Exercise:
	 	 	 

Ladies
and Gentlemen:

 

This
constitutes notice under my stock Option that I elect to purchase the number of Shares for the price set forth below.

 

	Type of Option:	Incentive Stock Option	 
	 	 	 
	Grant Date:	 	 
	 	 	 
	Number of Shares as

    to which Option is

    exercised:	 	 
	 	 	 
	Certificates to be

    issued in name of:	 	 
	 	 	 
	Total exercise price:	$	 
	 	 	 
	Cash payment delivered

    herewith:	$	 

 

 

 

By
this exercise, I agree (i) to execute or provide such additional documents as Live Ventures Incorporated (the “Company”)
may reasonably require pursuant to the terms of this Notice of Exercise and the Company’s 2014 Omnibus Equity Incentive Plan
(the “Plan”), and (ii) to provide for the payment by me to the Company (in the manner designated by the Company) of
the Company’s withholding obligation, if any, relating to the exercise of this Option.

 

 

	 	Very truly yours.
	 	 
	 	 
	 	                                                             
	 	Michael J. Stein

 

 

 

 

 

 

 

 

 

    	 	5

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