Document:

EXHIBIT 10.1

  

RESIGNATION AND RELEASE

 

THIS RESIGNATION AND RELEASE (“Agreement”)
is made and entered into as of the 7th day of June, 2013 (the “Execution Date”), by and between Grandparents.com,
Inc. (the “Company”) and Jeffrey Mahl (“Employee”).

 

WITNESSETH: 

 

WHEREAS, Company is a corporation
duly organized and existing under the laws of the State of Delaware, maintains its principal place of business at 589 Eighth Avenue,
New York, NY 10018, and is engaged in the business of social media for seniors; and,

 

WHEREAS, Employee is an adult individual
residing at XXXXXXXXXXXXXXXXX and,

 

WHEREAS, Employee has been in the
employ of the Company in the position of President pursuant to that certain Employment Agreement dated as of August 1, 2010 (the
“Employment Agreement”); and,

 

WHEREAS, Employee has advised the
Company that he desires to resign from the Company and from his position as President of the Company as well as all other positions
he holds as an officer, employee, director, member and/or agent of the Company and the Company’s subsidiaries and affiliates,
if any; and

 

WHEREAS, Employee has agreed to
tender and Company has agreed to accept Employee’s resignation request and the relinquishment of all his positions at the
Company and the Company’s subsidiaries and affiliates; and

 

WHEREAS, Employee and Company have
agreed that the effective date of Employee’s resignation shall be May 22, 2013 (the “Effective Date”)
in order for Company and Employee to plan for an orderly transition of responsibilities; and

 

WHEREAS, Company and Employee desire
to address and resolve any and all dealings, rights and claims between them, including by way of example and not limitation, any
such matters arising out of the Employment Agreement, Employee’s employment with Company, and his resignation therefrom.

 

NOW, THEREFORE, for and in consideration
of the foregoing recitals and the mutual promises, representations, and warranties herein contained and intending to be legally
bound thereby, Employee and the Company do hereby promise and agree as follows:

 

1.      RESIGNATION
OF EMPLOYMENT.

 

(a)    Resignation
as President. Employee hereby resigns his position of President of the Company and the Company hereby accepts Employee’s
resignation from such employment effective 5 p.m. Eastern Standard Time on the Effective Date.

 

(b)    Resignation
of Other Positions. Employee hereby resigns all other officer, employee, member, director and/or agent positions that the
Employee holds with the Company in the manner and time determined by the Company; provided however, that as of the Effective Date,
Employee does hereby resign all positions that Employee holds with the Company and or its subsidiaries and affiliates.

 

(c)    Employment
Status. Employee agrees that his employment status with the Company shall terminate on the Effective Date.

 

(d)    Availability.
Employee agrees, that for a period of one (1) year from the Effective Date, to cooperate and make himself reasonably available
to Company and its attorneys to discuss, consult and assist on matters in which the Employee was involved prior to the Execution
Date. Employee agrees to cooperate with the Company and to execute all such necessary and appropriate documents to orderly transfer
Employee’s responsibilities.

 

    	 

    	 

    

 

2.      SEVERANCE
COMPENSATION.  For and in consideration of this Agreement, Company agrees to provide to Employee, and Employee hereby agrees
to accept from Company, the following severance compensation:

 

Stock Option. The Company
acknowledges that Employee was granted options (i) on February 24th 2012 (the “February Stock Option”)
to purchase 250,000 shares of common stock of the Company and (ii) on December 19th, 2012 (the “December Stock
Option” and together with the February Stock Option, the “Stock Options”) to purchase 50,000 shares
of Common Stock. As of the Effective Date, Employee’s right to exercise the February Stock Option for 103,437 shares of Common
Stock have vested, with the remaining 146,563 shares of Common Stock unvested (the “February Unvested Shares”).
As of the Effective Date, Employee’s right to exercise the December Stock Option for 20,687 shares of Common Stock of the
Company have vested, with the remaining 29,313 shares of Common Stock of the Company unvested (the “December Unvested
Shares” and together with the February Unvested Shares, the “Unvested Shares”). The Unvested Shares
shall be accelerated to permit immediate vesting so Employee shall be eligible to exercise the February Stock Option for such 103,437
vested shares and the December Stock Option for such 20,687 vested shares, in each case, less any vested shares that Employee may
have previously exercised, as well as the Unvested Shares, in each case, in accordance with the terms of the Company’s 2012
Stock Incentive Plan. The Company hereby confirms that Employee may exercise the Stock Options at any time prior to the expiration
of thirty-six (36) months after the Effective Date. Employee acknowledges and agrees that he has no other options to purchase shares
of Common Stock.

 

3.      WAIVER
AND RELEASE.

 

Employee is owed the amount of $46,875
(the “Outstanding Amount”). Employee, in consideration of the mutual agreements set forth herein, hereby fully, finally
and forever waives, releases and discharges the Company, its successors and assigns, and the respective directors, officers, shareholders,
affiliates, employees, agents and representatives of each of the foregoing from any and all claims, demands, damages, costs, expenses,
losses, liabilities, or actions or causes of actions of every kind and character whatsoever, whether now known or anticipated,
fixed or contingent, or unknown or unanticipated which he ever had, now has, might have or might claim from the beginning of the
world to the day of the date of this Agreement, including but not limited to, all claims in connection with the Outstanding Amount.

 

Except for the specific covenants elsewhere
in this Agreement, and to the extent consistent with law, Employee, for Employee, Employee’s spouse, children, heirs, executors,
administrators, successors and assigns (hereinafter “Releasors”), to the extent consistent with law, hereby
fully and forever releases, acquits, discharges and promises not to sue the Company and its past, present and future parent and/or
subsidiary entities, divisions, affiliates and any past, present or future partners, owners, joint venturers, stockholders, predecessors,
successors, officers, directors, administrators, employees, agents, representatives, attorneys, heirs, executors, assigns, retirement
plans and/or their trustees and any other person, firm or corporation with whom any of them is now or may hereafter be affiliated
(hereinafter “Releasees”), over any and all claims, demands, obligations, losses, causes of action, costs, expenses,
attorney’s fees, liabilities and indemnities of any nature whatsoever, whether negligent or intentional, whether now known
or unknown, discovered now or in the future, whether based on race, age, disability, national origin, gender, sexual orientation,
marital status, veteran status, protected activity, compensation and benefits from employment, including the Outstanding Amount,
the Stock Options, stock, stock options, stock option agreements and retirement plans, whether based on contract (including but
not limited to the Employment Agreement), tort, defamation, statute or other legal or equitable theory of recovery, whether mature
or to mature in the future, which from the beginning of time of the world to the Execution Date Employee had, now has or claims
to have against the Company or any other person or entity described above.

 

Without limiting the foregoing, this Agreement
applies to any and all matters that have been or which could have been asserted in a lawsuit or in any state or federal court,
up to the Execution Date, specifically including, but not by way of limitation, claims under the Equal Pay Act, the National Labor
Relations Act, as amended, Title VII of the Civil Rights Act of 1964, as amended, the Post-Civil War Reconstruction Acts, as amended
(42 U.S.C. §§ 1981-1988), the Age Discrimination in Employment Act of 1967, as amended, the Americans with Disabilities
Act of 1990, the Rehabilitation Act of 1973, as amended, the Employee Retirement Income Security Act of 1974, as amended, the Civil
Rights Act of 1991, the Pregnancy Discrimination Act, any other federal statute, any state civil rights act, any state statutory
wage claim, any other statutory claim, any claim of wrongful discharge, any claim in tort or contract, any claim seeking declaratory,
injunctive, or equitable relief, or any other claim of any type whatsoever arising out of the common law of any state.

 

    	 

    	 

    

 

4.      RESTRICTIVE
COVENANT/NO SOLICITATION.

 

(a) Employee and Company agree that
during the Employee’s tenure with the Company, Employee had the opportunity to receive highly confidential and proprietary
information of the Company and its affiliates. Further, Company’s decision to enter into this Agreement and to grant Employee
the compensation described in Section 2 is directly related to Employee agreement to not participate into any business that
is competitive with the Company without the expressed written permission of the Company. Accordingly, Employee agrees to the following:

 

(b)    Employee hereby
covenants and agrees that for a period of one (1) year following the Effective Date, Employee shall not, directly or indirectly,
either as a principal, agent, employee, employer, consultant, partner, member of a limited liability company, shareholder of a
closely held corporation, or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer
or director, manager, or in any other individual or representative capacity, engage or otherwise participate in any manner or fashion
in any organization or entity whose business is providing benefits to the 50+ age demographic, including, without limitation, AARP
and its affiliates.

 

(c)Employee hereby covenants and agrees
that for a period of two (2) year following the Effective Date, Employee shall not, directly or indirectly, either as a principal,
agent, employee, employer, consultant, partner, member of a limited liability company, shareholder of a closely held corporation,
or shareholder in excess of two percent (2%) of a publicly traded corporation, corporate officer or director, manager, or
in any other individual or representative capacity, engage or otherwise participate in any manner or fashion in any business competitive
to Grand Card LLC including, without limitation, any business that issues, handles, or manages rebates or discounts through debit
or credit cards.

 

(d)    Employee hereby
further covenants and agrees that, for a period of one (1) year following the Effective Date, Employee shall not, directly or indirectly,
solicit or attempt to solicit for employment any employee of Company or its affiliates on behalf of any business that is in competition
in any manner whatsoever with the business activities of Company or its affiliates (including but not limited to Grand Card LLC).

 

(e)Employee hereby further covenants
and agrees that he will not, either directly or indirectly, alone or in conjunction with another person or entity, interfere with
or harm, or attempt to interfere with or harm, the relationship of the Company, its subsidiaries and/or affiliates, with any person
or entity contracted with the Company, its subsidiaries and/or affiliates, including without limitation, any consultant, vendor,
supplier, sponsor or marketing partner.

 

(f) Employee hereby further covenants
and agrees that he will not hereinafter pursue, initiate or cause to be instituted any dispute released herein against the Company
and represents that he has not heretofore assigned or transferred, or purported to have assigned or transferred, to any entity
or person, any dispute released by Employee herein.

 

(g) Employee hereby further covenants
and agrees that the restrictive covenants contained in this Section 4 are in addition to any restrictive covenant contained in
the Employment Agreement. In the event a provision contained herein is inconsistent with a provision contained in the Employment
Agreement, the Company and Employee agree that the more restrictive provision shall apply.

 

(h)    Employee hereby
further covenants and agrees that the restrictive covenants contained in this Section 4 are reasonable as to duration, terms
and geographical area and that they protect the legitimate interests of Company, impose no undue hardship on Employee, and are
not injurious to the public. In the event that any of the restrictions and limitations contained in this Section 4 are deemed
to exceed the time, geographic or other limitations permitted by New York law, the parties agree that a court of competent jurisdiction
shall revise any offending provisions so as to bring this Section 4 within the maximum time, geographical or other limitations
permitted by New York law.

 

5.      CONFIDENTIALITY.
Company and Employee promises and agrees as follows:

 

(a)    Employee shall
immediately return to the Company all original and copies of files, memoranda, records, customer lists and all other documents
or physical items which are the property of Company (collectively “Company Property”) and Employee shall not
retain any copies of the Company Property. Electronically stored information on the Employee’s personal computers that could
be described as Company Property shall be deleted.

 

    	 

    	 

    

 

(b)    Employee shall
keep confidential and not disclose to anyone any information concerning Company business (including but not limited to any non-public
information relating to the Company’s officers, directors or employees), customers, suppliers, marketing methods, trade secrets
and other “know how”, and any other information not of a public nature, regardless of how such information came to
Employee’s knowledge, custody or control. Notwithstanding the foregoing Employee shall not be required to keep confidential
(a) information known to Employee prior to the commencement of his employment with the Company (or its affiliates) or (b) information
that is or becomes generally publicly known through authorized disclosure.

 

(c)    Employee agrees
to act in a manner that is not adverse, detrimental or contrary to the best interests of Company and its affiliates, and specifically
Employee will not knowingly directly or indirectly make or publish any oral, written or recorded statement or comment that is negative,
disparaging, defamatory or critical of Company, its affiliates, or their respective officers, directors or employees.

 

(d)    The Employee’s
personnel file shall reflect that Employee voluntarily resigned his employment with the Company.

 

6.    NOTICES.
Any and all notices required by this Agreement shall be either hand-delivered or mailed, via certified mail, return receipt requested
to such party’s addressed first listed above. All notices hand-delivered shall be deemed delivered as of the date actually
delivered to the addressee. All notices mailed shall be deemed delivered as of three (3) business days after the date postmarked.
Any changes in any of the addresses listed herein shall be made by notice as provided in this Section 6.

 

7.    ASSIGNMENT.
Neither Company nor Employee shall have the right to assign this Agreement or in any manner or fashion sell, assign or transfer
its respective rights and/or interests hereunder without the prior written consent of the non-assigning party. Any purported assignment
or transfer in violation of this Section 7 shall be null and void.

 

8.    GOVERNING
LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard
to conflict of laws principles.

 

9.    BEST EVIDENCE.
This Agreement shall be executed in counterparts and in original, photocopy or scanned copies and each such instrument bearing
an original signature of the parties hereto shall be deemed an original.

 

10.   AMENDMENT
OR MODIFICATION. This Agreement may not be amended or modified except by a writing signed by all parties hereto.

 

11.   INTERPRETATION.
The preamble recitals of the Agreement are incorporated into and made a part of this Agreement; titles of Sections are for convenience
only and are not to be considered a part of this Agreement. All references to the singular shall include the plural and all references
to gender shall, as appropriate, include other genders.

 

12.   SEVERABILITY.
In the event any one or more provisions of this Agreement is declared null and void or otherwise unenforceable as provided in this
Agreement, the remainder of this Agreement shall survive, unless such survival vitiates the intent of the parties hereto.

 

13.   WAIVER.
None of the terms in this Agreement, including this Section 13, or any term, right or remedy hereunder, shall be deemed waived
unless such waiver is in writing and signed by the party to be charged therewith, and in no event by reason of any failure to assert
or delay in asserting any such term, right or remedy or similar term, right or remedy hereunder.

 

14.   GENERAL
WARRANTIES. Each party hereto warrants and represents to the other that each party has the full right, power, title and
authority to enter into this Agreement.

 

    	 

    	 

    

 

15.   NO ADMISSION
OF LIABILITY/LATER REPRESENTATIONS. Neither this Agreement nor anything contained in this Agreement shall be construed
as an admission by the Company that it has acted wrongfully with respect to Employee or other person, or that Employee has any
rights whatsoever against the Company.

 

16.   DISPUTE
RESOLUTION. Except for a claim by either Employee or the Company for injunctive relief where such would be otherwise authorized
by law to enforce Sections 4 or 5 of this Agreement, any controversy, dispute or claim arising out of or relating to this Agreement,
the Employment Agreement, the breach hereof or thereof, including, without limitation, any claim involving the interpretation or
application of this Agreement or the Employment Agreement, or claims for wrongful termination, discrimination, or other claims
based upon statutory or common law including those dealing with employment discrimination, sexual harassment, or civil rights,
age, or disabilities), and tort claims (except a tort that is a “compensable injury” under Workers’ Compensation
Law) or a dispute between Employer and Employee that arose/arises before, during, or after employment, shall be resolved by arbitration
in accordance with the then effective arbitration rules of (and by filing a claim with) Judicial Arbitration Mediation Services
in New York, NY. Any decision or award as a result of any such arbitration proceeding shall be in
writing and shall provide an explanation for all conclusions of law and fact and shall include the assessment of costs, expenses,
and reasonable attorneys' fees. Any such arbitration shall be conducted by an arbitrator experienced in executive employment matters
and shall include a written record of the arbitration hearing. The parties reserve the right to object to any individual who shall
be employed by or affiliated with a competing organization or entity. An award of arbitration may be confirmed in a court of competent
jurisdiction.

 

17.   FINAL
INTEGRATED AGREEMENT. This Agreement and other written agreements or sections thereof which are expressly referred to in
this Agreement constitute the entire agreement and understanding of the parties hereto and supersedes any prior oral or written
understandings, agreements and undertakings with respect to its subject matter including but not limited to all provisions contained
in the Employment Agreement that do not expressly survive under this Agreement.

 

18.   TERMINATION
OF AGREEMENTS. Employee and Company agree that, as of the Effective Date, the Employment Agreement shall terminate and
be of no further force or effect, except with respect to such provisions in the Employment Agreement which specifically provide
that the such provisions shall survive the termination of the Employment Agreement.

 

19.   AGE DISCRIMINATION
CLAIMS. EMPLOYEE HEREBY ACKNOWLEDGES THAT BY EXECUTING THIS AGREEMENT EMPLOYEE IS AGREEING TO WAIVE ANY AND ALL RIGHTS
OR CLAIMS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967 (29 U.S.C. § 626 et. seq.). EMPLOYEE IS ADVISED TO CONSULT
WITH AN ATTORNEY PRIOR TO EXECUTING THE AGREEMENT.

 

 

IN WITNESS WHEREOF AND INTENDING TO BE LEGALLY BOUND THEREBY,
the parties hereto have duly executed and delivered this Agreement as of the day and year first above written.

 

	 	 	 	 	 	 	 
	EMPLOYEE	 	 	 	GRANDPARENTS.COM
	 	 	 	 
	
        /s/ Jeffrey Mahl 
	 	 	 	 	 	
        /s/ Steve Leber 

	Jeffrey Mahl	 	 	 	By:	 	
        Steve Leber 

	 	 	 	 	Its:	 	
        Co-CEO and ChairmanEXHIBIT 10.2

  

CONSULTING AGREEMENT

 

THIS
CONSULTING AGREEMENT (this “Agreement”), dated as of June 7th, 2013, by and between Jeffrey Mahl, an individual
residing at XXXXXXXXXXXXXXXXX (“Advisor”), and
GRANDPARENTS.COM, INC., with an address at 589 Eighth Avenue, 6th floor, New York, NY 10018 (the “Company”).

 

The Company desires to
engage Advisor, and Advisor desires to be engaged by the Company, on the terms and conditions set forth in this Agreement. In consideration
of the mutual covenants and premises contained herein, and other good and valuable consideration, the Company and Advisor, intending
to be legally bound, hereby agree as follows:

 

1.Term Agreement.
The Company hereby agrees to engage Advisor, and Advisor hereby accepts this engagement by the Company, upon the terms set forth
in this Agreement, for the period commencing on the date hereof and ending on the three (3) month anniversary of the date hereof
(such period being called the “Term”), unless sooner terminated in accordance with the provisions of Section 4.
The Term may be extended upon the mutual written consent of the Company and Advisor at any time prior to the termination of the
then current Term.

 

2.Consulting Services.

 

2.1Employee agrees,
that during the Term, to cooperate and make himself reasonably available to Company and its attorneys to discuss, consult and assist
on matters in which the Employee was involved during his employment with the Company. Employee agrees to cooperate with the Company
and to execute all such necessary and appropriate documents to orderly transfer Employee’s responsibilities. The Company,
by signing this Agreement, acknowledges that Advisor may provide consulting services to others and nothing herein shall be construed
to limit or restrict Advisor from working part- or full-time for any other company or entity.

 

2.2In no event
shall Advisor have the right or authority (apparent or otherwise) to bind the Company on any matters nor shall he be able to execute
any contracts or agreements on behalf of the Company.

 

2.4Advisor shall
devote such time and attention as Advisor shall deem necessary to perform such service.

 

3.Compensation.

 

3.1Simultaneously with the execution
of this Agreement, the Company shall deliver or cause to be delivered to Advisor a stock certificate registered in the name of
Advisor, evidencing One Hundred Ninety-Eight Thousand One Hundred and Seventy-Two (198,172) restricted shares (the “Shares”)
of the Company’s common stock, par value $.01 per share (“Common Stock”). The number of Shares to be issued pursuant
to this Section 3.1 shall be rounded to the nearest whole number. No fractional shares shall be issued.

  

    	 

    	 

    

 

3.2Advisor represents and warrants to
the Company that:

 

(A)He understands that (i) the Shares
are characterized as “restricted securities” under the Securities Act of 1933, as amended (the “Securities Act”);
(ii) the Shares have not been and will not be registered under the Securities Act or any state securities laws, and may not be
offered for sale, sold, assigned or transferred unless subsequently registered thereunder or Advisor shall have delivered to the
Company an opinion of counsel, in a generally acceptable form and from counsel reasonably acceptable to the Company, to the effect
that such Shares to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from such registration,
(iii) any sale of the Shares made in reliance on Rule 144 promulgated by the Securities and Exchange Commission (the “SEC”)
pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter adopted
by the SEC having substantially the same effect as such Rule (“Rule 144”), may be made only in accordance with the
terms of Rule 144, and further, if Rule 144 is not applicable, any resale of the Shares under circumstances in which the seller
(or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in the Securities Act),
may require compliance with some other exemption under the Securities Act or the rules and regulations of the SEC promulgated thereunder;
and (iv) unless sold pursuant to a registration statement that has been declared effective under the Securities Act or in compliance
with Rule 144, the Company requires that the Shares bear a legend referring to the foregoing restrictions (it being agreed that
if the Shares are not certificated, other appropriate restrictions shall be implemented to give effect to the foregoing) and shall
place stop order instructions with its transfer agent with respect to such Shares.

 

(B)Advisor acknowledges that he has
received and reviewed all information about the Company he considers necessary or appropriate for deciding whether to acquire the
Shares and has been afforded (i) the opportunity to ask such questions as he has deemed necessary of, and to receive answers from,
representatives of the Company concerning the merits and risks of acquiring the Shares; (ii) access to information about the Company
and its subsidiaries and their respective financial condition, results of operations, business, properties, management and prospects
sufficient to enable Advisor to evaluate its investment; and (iii) the opportunity to obtain such additional information that the
Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision
with respect to the investment. Advisor has sought such accounting, legal and tax advice as he has considered necessary to make
an informed decision with respect to its acquisition of the Shares.

 

(C)Advisor is acquiring the Shares as
principal for his own account for investment purposes only and not with a view to or for distributing or reselling such Shares
or any part thereof, without prejudice, however, to Advisor’s right, subject to the provisions of this Agreement, at all
times to sell or otherwise dispose of all or any part of such Shares pursuant to an effective registration statement under the
Securities Act or under an exemption from such registration and in compliance with applicable federal and state securities laws.
Nothing contained herein shall be deemed a representation or warranty by Advisor to hold the Shares for any period of time. Advisor
does not have any agreement or understanding, directly or indirectly, with any person to distribute any of the Shares.

 

    	 

    	 

    

 

3.3Advisor, in consideration of the
mutual agreements set forth herein, hereby fully, finally and forever waives, releases and discharges the Company, its successors
and assigns, and the respective directors, officers, shareholders, affiliates, employees, agents and representatives of each of
the foregoing from any and all claims, demands, damages, costs, expenses, losses, liabilities, or actions or causes of actions
of every kind and character whatsoever, whether now known or anticipated, fixed or contingent, or unknown or unanticipated which
he ever had, now has, might have or might claim from the beginning of the world to the day of the date of this Agreement, including
but not limited to, all claims to compensation and benefits from employment, including salary, pay, stock, stock options, stock
option agreements and retirement plans, whether based on contract (including but not limited to Advisor’s employment agreement
with the Company).

 

3.4The representations, warranties,
agreements and covenants contained herein shall survive the delivery of the Shares, as applicable.

 

4.Termination.
The engagement of Advisor by the Company shall terminate upon the occurrence of any of the following:

 

4.1Immediately
upon expiration of the Term.

 

4.2At the election
of the Company, for “cause”, immediately upon written notice by the Company to Advisor. For the purposes of this Section
4.2, “cause” for termination shall, without limitation, be deemed to exist for any action or omission by Advisor resulting
in: (a) the conviction of Advisor of, or the entry of a pleading of guilty by Advisor to any crime involving moral turpitude, any
felony, or any misdemeanor involving misconduct or fraud in business activities; (b) fraud, embezzlement, misappropriation of funds
in connection with the services hereunder; (c) gross negligence or willful misconduct in connection with the performance of Advisor’s
duties hereunder; (d) the material and willful or knowing failure or refusal (other than as a result of a disability) by Advisor
to perform the duties hereunder; or (e) any material breach by Advisor of any of its representations, warranties or covenants (including
Section 6) hereunder.

 

4.3 Immediately
upon the death of Advisor, Advisor’s permanent disability, or Advisor’s incapacity or inability to perform Advisor’s
obligations hereunder.

 

4.4Immediately
upon the sale, license, transfer or other disposition of substantially all of the assets of the Company.

 

4.5 Immediately
upon a sale, transfer, license or other disposition of more than fifty percent (50%) of the voting rights of the Company.

 

4.6 Upon the mutual
consent of the Company and Advisor.

 

    	 

    	 

    

 

4.7At the sole
election of either party for any reason whatsoever, upon two (2) days written notice by either party to the other party.

 

5.Effect of Termination.
In the event Advisor’s engagement is terminated in accordance with Section 4 hereof, Advisor shall be entitled to receive
the Shares.

 

6.Representations
and Warranties of Advisor. Advisor represents and warrants to the Company that he is understood and agreed that this Agreement
does not create any relationship of association, employment, partnership or joint venture between the parties, nor create any implied
licenses, nor constitute either party as the agent or legal representative of the other for any purpose whatsoever; and the relationship
of Advisor to the Company for all purposes, including, but not limited to, federal and state tax purposes, shall be one of independent
contractor. Neither party shall have any right or authority to create any obligation or responsibility, express or implied, on
behalf or in the name of the other, or to bind the other in any manner whatsoever.

 

7.Notices.
All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon personal delivery
or upon deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the other party
at the address shown above, or at such other address or addresses as either party shall designate to the other in accordance with
this Section 7.

 

8.Amendment.
This Agreement may be amended or modified only by a written instrument executed by both the Company and Advisor.

 

9.Successors and
Assigns. This Agreement shall be binding upon and inure to the benefit of both parties and their respective successors and
assigns, including any corporation with which or into which the Company may be merged or which may succeed to its assets or business;
provided, however, that the obligations of Advisor are personal and Advisor’s rights hereunder shall not be
assignable.

 

10.Miscellaneous.

 

10.1 No delay or
omission by either party in exercising any right under this Agreement shall operate as a waiver of that or any other right. A waiver
or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar
or waiver or any right on any other occasion.

 

10.2 In case any
provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of
the remaining provisions shall in no way be affected or impaired thereby.

 

10.3This Agreement
shall be governed by and construed in accordance with the laws of the State of New York, without regards to any conflicts
of law provisions.

 

    	 

    	 

    

 

10.4 In the case
of a dispute between the parties, all parties agree to subject the dispute to Mediation and or Arbitration under the rules of the
New York Arbitration Association, and the prevailing party will receive attorneys’ fees and costs.

 

10.5 The Company
agrees that if Advisor is made a party, or is threatened to be made a party, to any action, suit or proceeding, whether civil,
criminal, administrative or investigative (a “Proceeding”), as a result of the performance of Advisor’s
obligations under this Agreement, or by reason of the fact that Advisor was serving at the request of the Company as an agent of
the Company, Advisor shall be indemnified and held harmless by the Company to the fullest extent legally permitted against all
cost, expense, liability and loss (including, without limitation, attorneys’ fees) reasonably incurred or suffered by Advisor
in connection therewith, and such indemnification shall continue as to Advisor even if Advisor has ceased to be an agent of the
Company and shall inure to the benefit of Advisor’s heirs, executors and administrators. This Section 10.5 shall not apply
in the event of Advisor’s breach of this Agreement or any representation, warranty or covenant herein or Advisor’s
fraud, willful misconduct or gross negligence.

 

10.6Any action
relating to the execution of this Agreement, or any rights relating thereto, shall be limited to a claim against the Company. No
director, shareholder, officer or employee of the Company or its affiliates shall be named in any action by, or have any personal
liability to, Advisor.

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the day and year set forth above.

 

 

GRANDPARENTS.COM,
INC.

 

 

By: /s/ Steve Leber                     

Steve Leber

Co-CEO

 

ADVISOR

 

/s/ Jeffrey Mahl                           

Jeffrey Mahl

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