Document:

Exhibit
10.52

 

SEPARATION
AGREEMENT

 

This
Separation Agreement (“Agreement”) is made by and between John Textor (“Executive”) and fuboTV Inc., a
Florida corporation (the “Company”) (jointly referred to as the “Parties” or individually referred to
as a “Party”).

 

RECITALS

 

WHEREAS,
Executive signed an Employment Agreement with the Company (f/k/a Recall Studios, Inc.), dated August 8, 2018 (the “Employment
Agreement”);

 

WHEREAS,
Executive served as the Chief Executive Officer of the Company until he resigned from such position on or about April 1, 2020,
after which he remained the Company’s Executive Chairman and a member of the Company’s board of directors;

 

WHEREAS,
Executive resigned from his position as Executive Chairman of the Company on or about April 29, 2020, after which time he became
Head of Studio of the Company and remained a director;

 

WHEREAS,
Executive resigned as a director of the Company as of July 31, 2020;

 

WHEREAS,
Executive resigned with Good Reason (as defined in the Employment Agreement) as Head of Studio of the Company and from any and
all other positions with the Company and its subsidiaries effective as October 30, 2020 (the “Resignation Date”);

 

WHEREAS,
Executive signed an Indemnification Agreement with the Company dated April 3, 2020 (the “Indemnification Agreement”);
and

 

WHEREAS,
the Parties wish to part ways amicably and resolve any and all potential disputes, claims, complaints, grievances, charges, actions,
petitions, and demands that a Party may have against the other, including, but not limited to, any and all claims arising out
of or in any way related to Executive’s employment with the Company, his relationship with the Company, his service as Executive
Chairman of the Company and as a director of the Company, his financial transactions with the Company, and any other matters and
actions arising prior to the Effective Date of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual promises made herein, the Company and Executive hereby agree as follows:

 

COVENANTS

 

1.       Consideration.
In consideration of Executive’s execution of this Agreement, and provided that Executive does not revoke the Agreement under
Section 6 below, the Company agrees as follows:

 

a.       Payment.
The Company shall pay Executive a total of Five Hundred Thousand Dollars ($500,000) payable in a single lump sum within thirty
(30) days following the Resignation Date. The Company will issue Executive an IRS Form 1099 for the payments set forth in this
Section 1.a.

 

b.       Acknowledgments.
Executive specifically acknowledges and agrees that the consideration provided to Executive hereunder fully satisfies any obligation
that the Company or any other Releasee (as defined herein) has to pay Executive wages or any other compensation for any of the
services that Executive rendered to the Company or any other Releasee, that the payment satisfies in full any obligations of the
Company or any other Releasee under the Employment Agreement, that the amount paid is in excess of any disputed wage claim that
Executive may have, that the consideration paid shall be deemed to be paid first in satisfaction of any disputed wage claim with
the remainder sufficient to act as consideration for the release of claims set forth herein, and that Executive has not earned
and is not entitled to receive any additional wages or other form of compensation from the Company or any other Releasee.

 

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2.       Resignation.
Effective as of the Resignation Date, Executive agrees that he will be considered to have resigned from any and all positions
he holds as a director or employee of, or other affiliation with, the Company or any of its affiliates or subsidiaries or the
respective boards of directors thereof. Following the Effective Date, Executive shall no longer hold himself out or act as a representative
of the Company, and he shall promptly direct and forward any inquiries and other communications he receives that pertain to the
Company to the Company’s General Counsel. Notwithstanding the foregoing and subject to applicable law, nothing in this Agreement
shall be construed to limit, in any way, Executive’s right to refer to his past professional association and accomplishments
with the Company or his continuing interests as a shareholder of the Company. In addition, the Company shall use commercially
reasonable efforts to provide Executive with executive producer and creative credits on all publications and media related to
“Virtual Boxing” (and all derivations thereof).

 

3.       Benefits.
Executive acknowledges that to the extent he was entitled to participate in any benefit programs or plans, or receive any other
employment benefits, as a result of his position(s) with the Company or any subsidiary or affiliate, including, but not limited
to, vesting in stock options or other equity, health insurance, and the accrual of bonuses, vacation, and paid time off, such
benefits shall cease no later than the Resignation Date. Nothing in this Agreement shall affect Executive’s rights as a
shareholder of the Company.

 

4.       Payment
of Salary and Receipt of All Benefits. Executive acknowledges and represents that, other than the consideration set forth
in this Agreement and except as expressly set forth herein, the Company and the other Releasees have paid or provided all salary,
wages, bonuses, accrued vacation/paid time off, notice periods, premiums, leaves, housing allowances, relocation costs, interest,
severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other
benefits and compensation due to Executive. Except as expressly set forth herein, Exeutive acknowledges and represents that no
monies are payable to Executive or any entity with which Executive is affiliated as reimbursement, debt or otherwise. For the
sake of clarity, the Company and Executive hereby acknowledge and agree that Executive may have claims to certain payments, reimbursements
and accrued benefits, which he is hereby agreeing to waive in exchange for the payment set forth in Section 1(a) hereof.

 

5.       Mutual
Release of Claims. Executive agrees that the foregoing consideration represents settlement in full of all outstanding obligations
owed to Executive by the Company and its current and former: officers, directors, employees, agents, investors, attorneys, shareholders,
administrators, affiliates, benefit plans, plan administrators, professional employer organization or co-employer, insurers, trustees,
divisions, parents and subsidiaries, and predecessor and successor corporations and assigns (collectively, the “Releasees”).
Executive, on Executive’s own behalf and on behalf of Executive’s respective heirs, family members, executors, agents,
and assigns, hereby and forever releases the Releasees from, and agrees not to sue concerning, or in any manner to institute,
prosecute, or pursue, any claim, complaint, charge, duty, obligation, demand, or cause of action relating to any matters of any
kind, whether presently known or unknown, suspected or unsuspected, that Executive may possess against any of the Releasees arising
from any omissions, acts, facts, or damages that have occurred up until and including the Effective Date of this Agreement, including,
without limitation:

 

a.       any
and all claims relating to or arising from Executive’s relationship with the Company, Recall, or any other affiliate, subsidiary,
or predecessor or successor corporation of the Company, and the termination of those relationships;

 

b.       any
and all claims relating to, or arising from, Executive’s right to purchase, or actual purchase of shares of stock of the
Company or any Releasee, including, without limitation, any claims for fraud, misrepresentation, breach of fiduciary duty, breach
of duty under applicable state corporate law, and securities fraud under any state or federal law;

 

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c.       any
and all claims for wrongful discharge of employment; termination in violation of public policy; discrimination; harassment; retaliation;
breach of contract, both express and implied; breach of covenant of good faith and fair dealing, both express and implied; promissory
estoppel; negligent or intentional infliction of emotional distress; fraud; negligent or intentional misrepresentation; negligent
or intentional interference with contract or prospective economic advantage; unfair business practices; defamation; libel; slander;
negligence; personal injury; assault; battery; invasion of privacy; false imprisonment; conversion; and disability benefits;

 

d.       any
and all claims for violation of any federal, state, or municipal statute, including, but not limited to, Title VII of the Civil
Rights Act of 1964; the Civil Rights Act of 1991; the Rehabilitation Act of 1973; the Americans with Disabilities Act of 1990;
the Equal Pay Act; the Fair Labor Standards Act; the Fair Credit Reporting Act; the Age Discrimination in Employment Act of 1967;
the Older Workers Benefit Protection Act; the Employee Retirement Income Security Act of 1974; the Worker Adjustment and Retraining
Notification Act; the Family and Medical Leave Act; the Uniformed Services Employment and Reemployment Rights Act; the New York
State Human Rights Law; the New York City Human Rights Law; the New York Executive Law; the New York Workers’ Compensation
Law; the New York Civil Practice Law and Rules; the New York Judiciary Law; the New York Correction Law; the New York Labor Law;
the New York Minimum Wage Act; the New York State Civil Rights Law; the New York City Administrative Code; Florida Civil Human
Rights Act; The Florida AIDS Act; Florida Wage Discrimination Law; Florida Equal Pay Law; Florida Whistleblower Protection Law;
Florida Wage Payment Laws; Military Leave Non-Discrimination Law; Florida Minimum Wage Law; Florida Right to Work Law; Florida
Wage Payment Law; Florida Workers Compensation retaliation provision; Florida Domestic Violence Leave law; and Florida Law on
Wages/Hours/Payroll;

 

e.       any
and all claims for violation of the federal or any state constitution;

 

f.       any
and all claims arising out of any other laws and regulations relating to employment or employment discrimination;

 

g.       any
claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of any
of the proceeds received by Executive as a result of this Agreement; and

 

h.       any
and all claims for attorneys’ fees and costs.

 

Executive
agrees that the release set forth in this Section shall be and remain in effect in all respects as a complete general release
as to the matters released. This release does not extend to (and Executive does not release): (i) any obligations incurred under
this Agreement, (ii) any claim relating to directors’ and officers’ liability insurance coverage or any right of indemnification
under the Company’s organizational documents, applicable law or otherwise or any rights under the Indemnification Agreement,
or (iii) any rights Executive may have as a shareholder or holder of equity or other securities of the Company or its affiliates.
This release does not release claims that cannot be released as a matter of law, including any Protected Activity (as defined
below). This release does not extend to any right Executive may have to unemployment compensation benefits or workers’ compensation
benefits. Executive represents that Executive has made no assignment or transfer of any right, claim, complaint, charge, duty,
obligation, demand, cause of action, or other matter waived or released by this Section.

 

The
Company hereby and forever releases Executive from, and agrees not to sue concerning, or in any manner to institute, prosecute,
or pursue, any known claim, complaint, charge, duty, obligation, demand, or cause of action relating to any matters of any kind
that the Company may possess against Executive arising from any omissions, acts, facts, or damages that have occurred up until
and including the Effective Date of this Agreement, other than claims for fraud which have a material adverse effect on the Company.
The Company hereby represents that it not aware (based upon reasonable investigation) of any claims or causes of action, including,
without limitation, any claims for fraud, that the Company or any Release may have against Executive.

 

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6.       Acknowledgment
of Waiver of Claims under ADEA. Executive acknowledges that Executive is waiving and releasing any rights Executive may have
under the Age Discrimination in Employment Act of 1967 (“ADEA”), and that this waiver and release is knowing and voluntary.
Executive agrees that this waiver and release does not apply to any rights or claims that may arise under the ADEA after the Effective
Date of this Agreement. Executive acknowledges that the consideration given for this waiver and release is in addition to anything
of value to which Executive was already entitled. Executive further acknowledges that Executive has been advised by this writing
that: (a) Executive should consult with an attorney prior to executing this Agreement; (b) Executive has twenty-one (21)
days within which to consider this Agreement; (c) Executive has seven (7) days following Executive’s execution of this Agreement
to revoke this Agreement; (d) this Agreement shall not be effective until after the revocation period has expired; and (e) nothing
in this Agreement prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of
this waiver under the ADEA, nor does it impose any condition precedent, penalties, or costs for doing so, unless specifically
authorized by federal law. In the event Executive signs this Agreement and returns it to the Company in less than the 21-day period
identified above, Executive hereby acknowledges that Executive has freely and voluntarily chosen to waive the time period allotted
for considering this Agreement. Executive acknowledges and understands that revocation must be accomplished by a written notification
to the undersigned Company representative that is received prior to the Effective Date. The Parties agree that changes, whether
material or immaterial, do not restart the running of the 21-day period.

 

7.       No
Pending or Future Lawsuits; Pending Litigations. Executive represents that Executive has no lawsuits, claims, or actions pending
in Executive’s name, or on behalf of any other person or entity, against the Company or any of the other Releasees. Executive
also represents that Executive does not intend to bring any claims on Executive’s own behalf or on behalf of any other person
or entity against the Company or any of the other Releasees. Other than as set forth on Exhibit A, Executive represents that Executive
is not aware of any pending lawsuits, claims or actions against the Company or any of the Releasees or any fact or circumstances
which could reasonably be expected to give rise to a lawsuit, claim or action against the Company or any of the other Releasees.

 

8.       Trade
Secrets and Confidential Information/Company Property. Executive agrees at all times hereafter to hold in the strictest confidence,
and not to use or disclose to any person or entity, any Confidential Information of the Company, Recall, or any of the Company’s
subsidiaries, affiliates, or predecessor corporations. Executive understands that “Confidential Information” means
any Company proprietary information, technical data, trade secrets or know-how, including, but not limited to, research, product
plans, products, services, customer lists and customers (including, but not limited to, customers of the Company on whom Executive
has called or with whom Executive became acquainted during the period of Executive’s relationship with Recall, the Company,
or any of the Company’s subsidiaries, affiliates, or predecessor corporations), markets, software, developments, inventions,
processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances, or other
business information disclosed to Executive by the Company, Recall, or any affiliate, subsidiary, or predecessor corporation of
the Company, either directly or indirectly, in writing, orally, or by drawings or observation of parts or equipment. Executive
further understands that Confidential Information does not include any of the foregoing items that have become publicly known
and made generally available through no wrongful act of Executive or of others who were under confidentiality obligations as to
the item or items involved or improvements or new versions thereof or information that is
the product of Executive’s general knowledge, education, training and/or experience. Executive hereby grants consent
to notification by the Company to any new employer about Executive’s obligations under this paragraph. Executive represents
that Executive has not to date misused or disclosed Confidential Information to any unauthorized party. Executive shall retain
and not destroy without obtaining the prior written consent of Company any and all documents in his possession or control whether
in electronic or hard copy form, incorporating or including Confidential Information of the Company or any of its affiliates,
subsidiaries, or predecessor corporations, and to make such documents available in a timely manner as Company may reasonably request.

 

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9.       Assignment
of Intellectual Property. To the fullest extent permitted by the laws of the State of Florida, and the Copyright Act, Executive
agrees that all right, title, and interest in and to any and all inventions, original works of authorship, developments, concepts,
improvements, designs, discoveries, ideas, know-how, trademarks, and trade secrets, whether or not patentable or registrable under
copyright or similar laws, that Executive may have solely or jointly authored, conceived, developed, or reduced to practice as
a result of his services to the Company, Recall, or any affiliate, subsidiary, or predecessor corporation of the Company, or with
the use of the Company’s, Recall’s, or any affiliate’s, subsidiary’s, or predecessor corporation’s
equipment, supplies, facilities, or Confidential Information (collectively, “Inventions”), are the sole property of
the Company. Executive also agrees to assign, and hereby irrevocably assigns fully to the Company, all of Executive’s right,
title and interest in and to Inventions. Executive further acknowledges that all original works of authorship that are made by
Executive (solely or jointly with others) within the scope of and during the period of his relationship with the Company, Recall,
or any affiliate, subsidiary, or predecessor corporation of the Company and that are protectable by copyright are “works
made for hire,” as that term is defined in the United States Copyright Act. Executive understands and agrees that the decision
whether or not to commercialize or market any Inventions is within the Company’s sole discretion and for the Company’s
sole benefit, and that no royalty, other consideration, or attribution will be due to Executive as a result of the Company’s
efforts to commercialize or market any such Inventions. Executive further agrees to assist the Company, or its designee, at the
Company’s expense, in every reasonable way to secure the Company’s rights in the Inventions in any and all countries,
including the disclosure to the Company of all pertinent information and data with respect thereto, the execution of all applications,
specifications, oaths, assignments, and all other instruments that the Company shall deem proper or necessary in order to apply
for, register, obtain, maintain, defend, and enforce such rights, and in order to deliver, assign and convey to the Company, its
successors, assigns, and nominees the sole and exclusive rights, title, and interest in and to all Inventions, and testifying
in a suit or other proceeding relating to such Inventions.

 

Notwithstanding
the foregoing or anything herein to the contrary, the Company hereby acknowledges and agrees that Executive shall have the exclusive
right to the intellectual property described on Exhibit B hereto (the “Textor IP”) and the Company hereby waives all
right, title and interest in and to the Textor IP. Further, Executive shall retain all rights to all inventions and intellectual
property for which no equipment, supplies, facility, confidential information or trade secret information of the Company was used.

 

10.       Restrictive
Covenants. Executive reaffirms and agrees to observe and abide by the terms of Section 6 of the Employment Agreement, which
survive this Agreement in full force and effect. The Restricted Period for purposes of Section 6(a)(1) of the Employment Agreement
shall be twelve (12) months from the Resignation Date. Executive specifically acknowledges and agrees that any violation of the
covenants set forth in Section 6 of the Employment Agreement, following written notice to Executive and a reasonable opportunity
to cure, shall constitute a material breach of this Agreement.

 

11.       No
Cooperation. For the twenty-four (24) month period following the Execution Date, Executive agrees that Executive will not
knowingly encourage, counsel, or assist any attorneys or their clients in the presentation or prosecution of any disputes, differences,
grievances, claims, charges, or complaints by any third party against the Company, unless under a subpoena or other court order
to do so or as related directly to the ADEA waiver in this Agreement. Executive agrees both to immediately notify the Company
upon receipt of any such subpoena or court order, and to furnish, within three (3) business days of its receipt, a copy of such
subpoena or other court order. If, during the twenty-four (24) month period following the Execution Date, Executive is approached
by anyone for counsel or assistance in the presentation or prosecution of any disputes, differences, grievances, claims, charges,
or complaints against any of the Company, Executive shall state no more than that Executive cannot provide counsel or assistance.

 

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12.       Cooperation;
and Non-disparagement. In addition to Executive’s obligations under Section 5 of the Employment Agreement and pursuant
to the Indemnification Agreement, Executive agrees to cooperate with Company and the Board and to make himself available for purpose
of providing cooperation and assistance as may be reasonably request from time to time and in a timely manner, including without
litmiation, responding to shareholder inquiries and in connection with pending claims and litigations. Each of Executive and the
Company agree to refrain from any disparagement, defamation, libel, or slander of the other Party. Notwithstanding the foregoing,
nothing in this Section 12 shall prevent any person from making any truthful statement to the extent (i) necessary to rebut
any untrue public statements made about him or it; (ii) necessary with respect to any litigation, arbitration or mediation involving
this Agreement and the enforcement thereof; (iii) required by law or by any court, arbitrator, mediator or administrative or legislative
body with jurisdiction over such person; or (iv) made as good faith competitive statements in the ordinary course of business.

 

The
Company will provide Executive with advance review of, and the opportunity to comment on, any press release and related Current
Report on Form 8-K to be made or filed by the Company in connection with the termination of Executive’s employment prior
to its release or filing.

 

13.       No
Admission of Liability. Executive understands and acknowledges that this Agreement constitutes a compromise and settlement
of any and all actual or potential disputed claims by Executive. No action taken by the Company hereto, either previously or in
connection with this Agreement, shall be deemed or construed to be (a) an admission of the truth or falsity of any actual or potential
claims or (b) an acknowledgment or admission by the Company of any fault or liability whatsoever to Executive or to any third
party.

 

14.       Costs.
The Parties shall each bear their own costs, attorneys’ fees, and other fees incurred in connection with the preparation
of this Agreement.

 

15.       ARBITRATION.
THE PARTIES AGREE THAT ANY AND ALL DISPUTES ARISING OUT OF THE TERMS OF THIS AGREEMENT, THEIR INTERPRETATION, AND ANY OF THE MATTERS
HEREIN RELEASED, SHALL BE SUBJECT TO ARBITRATION IN NEW YORK, NEW YORK BEFORE JAMS UNDER ITS COMPREHENSIVE ARBITRATION RULES (“JAMS
RULES”) AND NEW YORK LAW. THE ARBITRATOR MAY GRANT INJUNCTIONS AND OTHER RELIEF IN SUCH DISPUTES. THE ARBITRATOR SHALL ADMINISTER
AND CONDUCT ANY ARBITRATION IN ACCORDANCE WITH FLORIDA LAW, AND THE ARBITRATOR SHALL APPLY SUBSTANTIVE AND PROCEDURAL FLORIDA
LAW TO ANY DISPUTE OR CLAIM, WITHOUT REFERENCE TO ANY CONFLICT-OF-LAW PROVISIONS OF ANY JURISDICTION. TO THE EXTENT THAT THE JAMS
RULES CONFLICT WITH FLORIDA LAW, FLORIDA LAW SHALL TAKE PRECEDENCE. THE DECISION OF THE ARBITRATOR SHALL BE FINAL, CONCLUSIVE,
AND BINDING ON THE PARTIES TO THE ARBITRATION. THE PARTIES AGREE THAT THE PREVAILING PARTY IN ANY ARBITRATION SHALL BE ENTITLED
TO INJUNCTIVE RELIEF IN ANY COURT OF COMPETENT JURISDICTION TO ENFORCE THE ARBITRATION AWARD. THE PARTIES TO THE ARBITRATION SHALL
EACH PAY HALF THE COSTS AND EXPENSES OF SUCH ARBITRATION, AND EACH PARTY SHALL SEPARATELY PAY FOR ITS RESPECTIVE COUNSEL FEES
AND EXPENSES. THE PARTIES AGREE THAT PUNITIVE DAMAGES SHALL BE UNAVAILABLE IN ARBITRATION. THE PARTIES HEREBY AGREE TO WAIVE THEIR
RIGHT TO HAVE ANY DISPUTE BETWEEN THEM RESOLVED IN A COURT OF LAW BY A JUDGE OR JURY. NOTWITHSTANDING THE FOREGOING, THIS SECTION
WILL NOT PREVENT EITHER PARTY FROM SEEKING INJUNCTIVE RELIEF (OR ANY OTHER PROVISIONAL REMEDY) FROM ANY COURT HAVING JURISDICTION
OVER THE PARTIES AND THE SUBJECT MATTER OF THEIR DISPUTE RELATING TO THIS AGREEMENT AND THE AGREEMENTS INCORPORATED HEREIN BY
REFERENCE. SHOULD ANY PART OF THE ARBITRATION AGREEMENT CONTAINED IN THIS PARAGRAPH CONFLICT WITH ANY OTHER ARBITRATION AGREEMENT
BETWEEN THE PARTIES, THE PARTIES AGREE THAT THIS ARBITRATION AGREEMENT SHALL GOVERN.

 

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16.       Tax
Consequences. The Company makes no representations or warranties with respect to the tax consequences of the payments and
any other consideration provided to Executive or made on Executive’s behalf under the terms of this Agreement. Executive
agrees and understands that Executive is responsible for payment, if any, of local, state, and/or federal taxes on the payments
and any other consideration provided hereunder by the Company and any penalties or assessments thereon.

 

17.       Authority.
The Company represents and warrants that the undersigned has the authority to act on behalf of the Company and to bind the Company
and all who may claim through it to the terms and conditions of this Agreement. Executive represents and warrants that Executive
has the capacity to act on Executive’s own behalf and on behalf of all who might claim through Executive to bind them to
the terms and conditions of this Agreement. Each Party warrants and represents that there are no liens or claims of lien or assignments
in law or equity or otherwise of or against any of the claims or causes of action released herein.

 

18.       Protected
Activity. Executive understands that nothing in this Agreement shall in any way limit or prohibit Executive from engaging
for a lawful purpose in any Protected Activity. For purposes of this Agreement, “Protected Activity” shall mean filing
a charge, complaint, or report with, or otherwise communicating with, cooperating with or participating in any investigation or
proceeding that may be conducted by, any federal, state or local government agency or commission, including the Securities and
Exchange Commission, the Equal Employment Opportunity Commission, the Occupational Safety and Health Administration, and the National
Labor Relations Board (“Government Agencies”). Executive understands that in connection with such Protected Activity,
Executive is permitted to disclose documents or other information as permitted by law, and without giving notice to, or receiving
authorization from, the Company. In addition, pursuant to the Defend Trade Secrets Act of 2016, Executive is notified that an
individual will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that (i) is made in confidence to a federal, state, or local government official (directly or indirectly) or to an attorney
solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other
document filed in a lawsuit or other proceeding, if (and only if) such filing is made under seal. In addition, an individual who
files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the
individual’s attorney and use the trade secret information in the court proceeding, if the individual files any document
containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

 

19.       Section
409A. It is intended that this Agreement comply with, or be exempt from, Code Section 409A and the final regulations and official
guidance thereunder (“Section 409A”) and any ambiguities herein will be interpreted to so comply and/or be exempt
from Section 409A, in all cases, so that none of the payments or benefits will be subject to the additional tax imposed under
Section 409A. The Parties agree that Executive’s termination of employment on the Termination Date constitutes a “separation
from service” within the meaning of Section 409A. The Parties further acknowledge that Executive is a “specified employee”
within the meaning of Section 409A, and therefore the payment of the Deferred Payments will be delayed to the extent necessary
to avoid the imposition of the additional tax imposed under Section 409A, which means that Executive will receive payment of the
Deferral Payments on the date that is six months and one day following Executive’s separation from service, or, if earlier,
Executive’s death (such date, the “Delayed Payment Date”). All subsequent Deferred Payments, if any, will be
payable in accordance with the payment schedule applicable to each payment or benefit. If the Company notifies Executive (with
specificity as to the reason therefor) that the Company believes that any provision of this Agreement (or of any award of compensation)
would cause Executive to incur any additional tax or interest under Section 409A and Executive concurs with such belief or Executive
independently makes such determination, the Company shall, after consulting with Executive, reform such provision to attempt to
comply with Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Section
409A. Each payment and benefit to be paid or provided under this Agreement is intended to constitute a series of separate payments
for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. In no event will the Company reimburse Executive for any taxes
that may be imposed on Executive as a result of Section 409A. “Deferred Payments” means any severance pay or benefits
to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance
payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each
case, when considered together, are considered deferred compensation under Section 409A.

 

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20.       No
Representations. Executive represents that Executive has had an opportunity to consult with an attorney, and has carefully
read and understands the scope and effect of the provisions of this Agreement. Executive has not relied upon any representations
or statements made by the Company that are not specifically set forth in this Agreement.

 

21.       Severability.
In the event that any provision or any portion of any provision hereof or any surviving agreement made a part hereof becomes or
is declared by a court of competent jurisdiction or arbitrator to be illegal, unenforceable, or void, this Agreement shall continue
in full force and effect without said provision or portion of provision.

 

22.       Entire
Agreement. This Agreement represents the entire agreement and understanding between the Company and Executive concerning the
subject matter of this Agreement and Executive’s employment with and separation from the Company, Recall, or any other subsidiary
or affiliated entity, and the events leading thereto and associated therewith, and supersedes and replaces any and all prior agreements
and understandings concerning the subject matter of this Agreement and Executive’s relationship with the Company, Recall,
or any subsidiary or affiliate of the Company, including the Employment Agreement, with the exception of Sections 6, 7, 9, 10,
11, 12, 14, 17, 18, and 19 of the Employment Agreement, , the Waiver to License Agreement signed by Executive and the Company
on or about August 3, 2020, and the Indemnification Agreement.

 

23.       No
Oral Modification. This Agreement may only be amended in a writing signed by Executive and the Company’s Chief Executive
Officer.

 

24.       Governing
Law. This Agreement shall be governed by the laws of the State of Florida without regard for choice-of-law provisions. Executive
consents to personal and exclusive jurisdiction and venue in the State of New York.

 

25.       Execution
Date. Executive understands that this Agreement shall be null and void if not executed by Executive, and returned to the Company,
within the twenty-one (21) day period set forth above. Executive has seven (7) days after Executive signs this Agreement to revoke
it. This Agreement will become effective as of the date last signed indicated below (the “Execution Date”) e, so long
as it has been signed by the Parties and has not been revoked by Executive during the eight day period after execution hereof
by the Executive.

 

26.       Counterparts.
This Agreement may be executed in counterparts and each counterpart shall be deemed an original and all of which counterparts
taken together shall have the same force and effect as an original and shall constitute an effective, binding agreement on the
part of each of the undersigned. The counterparts of this Agreement may be executed and delivered by facsimile, photo, email PDF,
Docusign/Echosign or a similarly accredited secure signature service, or other electronic transmission or signature. This Agreement
may be executed in one or more counterparts, and counterparts may be exchanged by electronic transmission (including by email),
each of which will be deemed an original, but all of which together constitute one and the same instrument.

 

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27.       Voluntary
Execution of Agreement. Executive understands and agrees that Executive executed this Agreement voluntarily, without any duress
or undue influence on the part or behalf of the Company or any third party, with the full intent of releasing all of Executive’s
claims against the Company and any of the other Releasees. Executive acknowledges that:

 

	 	(a)	Executive
has read this Agreement;
	 	 	 
		(b)	Executive
                                         has been represented in the preparation, negotiation, and execution of this Agreement
                                         by legal counsel of Executive’s own choice or has elected not to retain legal counsel;

 

		(c)	Executive
                                         understands the terms and consequences of this Agreement and of the releases it contains;
                                         and
	 	 	 
	 	(d)	Executive
is fully aware of the legal and binding effect of this Agreement.

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below.

 

	 	JOHN
    TEXTOR, an individual
	 	 
	Dated:
    12/1/2020	/s/
    John Textor
	 	John
    Textor
	 	 
	 	fuboTV
    Inc.
	 	 
	Dated:
    12/1/2020	By	/s/
    Gina Sheldon
	 	 	Gina
    Sheldon
	 	 	General
    Counsel and Corporate Secretary

 

    	Page 9 of 11

    	 

    

 

Exhibit
A – Claims, Litigations, etc.

 

Andrew
Kriss and Eric Lerner v. Facebank Group Inc., et. al. filed on or about June 29, 2020 in the Supreme Court of the State of New
York, Nassau County

 

    	Page 10 of 11

    	 

    

 

 

Exhibit
B

 

Textor
IP

 

		1.	Any
                                         and all trademarks including the word ‘facebank’, including but not limited
                                         to applications and registrations on file with the U.S. Patent and Trademark Office:

 

		a.	Serial
                                         #86887241: IC 009. US 021 023 026 036 038. G & S: Computer software for compiling,
                                         storing, processing, transmitting, managing, and distributing an online and offline electronic
                                         database of two dimensional and three dimensional digital assets and images of individuals,
                                         personal features of individuals, animals, characters, landmarks and nature; offline
                                         electronic database of two dimensional and three dimensional digital assets and images
                                         of individuals, personal features of individuals, animals, characters, landmarks and
                                         nature recorded on hard media

 

		b.	Registration
                                         #6155189: IC 045. US 100 101. G & S: Licensing of personal digital likenesses;
                                         licensing of intellectual property in the field of rights of publicity. FIRST USE: 20190731.
                                         FIRST USE IN COMMERCE: 20190731

 

		c.	Serial
                                         #88698567: IC 041. US 100 101 107. G & S: Entertainment services, namely, providing
                                         online non-downloadable images namely digital likenesses of celebrities for use in live
                                         entertainment, video and cinematic performances, virtual reality, augmented reality,
                                         social networking, gaming, and mobile and interactive entertainment

 

		d.	Serial
                                         # 88698577: IC 042. US 100 101. G & S: Online non-downloadable software for compiling,
                                         storing, processing, transmitting, managing, and distributing an online and offline electronic
                                         database of two dimensional and three dimensional digital assets and images of individuals,
                                         personal features of individuals, animals, characters, landmarks and nature; commercial
                                         art design services for the preparation of personal digital likenesses; photogrammetry
                                         scanning services.

 

		2.	Any
                                         and all general business concepts and ideas relating to the above described marks, including
                                         all ideas and business plans developed under the name ‘Facebank’, beginning
                                         in the year 2015 and continuing into the present, generally relating to the creation
                                         of a ‘virtual bank’ focused on the capture, protecton and delivery of the
                                         personal digital likeness assets of celebrities and consumers.

 

		3.	Specific
                                         proprietary applications developed in connection with the Facebank business concept,
                                         including but not limited to the following:

 

		a.	Face_It
                                         (temporary name) - a voter registration and election system, relying principally on facial
                                         recognition technologies and blockcain security protocols, to secure and distribute an
                                         election ballot as the intellectual property of the individual voter;

 

		b.	Face_Flix
                                         (temporary name) – an optical and thermal imaging facial recognition system which
                                         supports the digital distribution and exhibition of feature film (and other pay per view)
                                         content to homes and non-theater distribution, e-commerce enabled to allow content owners
                                         to recognize actual human viewer counts and invoice on a per-head basis.

 

Notwithstanding
the foregoing, and for the avoidance of doubt, Textor acknowledges and agrees that the specific intellectual property rights (if
any) covering the production of computer-generated human characters and the distribution and exploitation thereof via virtual
entertainment media platforms developed by Textor during the period from August 2018 through the Execution Date, either directly
or through an affiliated entity through which Textor’s services for the Company were performed, are intellectual property
rights of the Company. For the sake of clarity, nothing set forth in this paragraph, the Agreement or otherwise shall create,
or be deemed to create, any restriction on Textor beyond those expressly stated in the Agreement or in the Employment Agreement,
including, without limitation, any non-competition covenant (other than for the duration and within the scope set forth in Section
6 of the Employment Agreement).

 

    	Page 11 of 11Exhibit 10.1

 

SPIN-OFF AGREEMENT

 

This SPIN-OFF AGREEMENT,
dated as of December 9, 2020 (this “Agreement”), is entered into by and among Gushen Inc., (“Seller”),
Gushen Holding Limited, a Seychelles corporation (“Spin-Off Subsidiary”), and Custodian Ventures LLC, a Wyoming
limited liability company (“Buyer”).

 

R E C I T A L S:

 

WHEREAS, Seller
is the owner of all of the issued and outstanding capital stock and equity interests of Spin-Off Subsidiary (the “Shares”);

 

WHEREAS, this
Agreement is made in connection with the closing of a Securities Purchase Agreement, dated as of the date hereof (the “Purchase
Agreement”) between the Buyer, the Seller and other third parties listed in the Purchase Agreement;

 

WHEREAS, Buyer
desires to purchase the Shares from Seller, on the terms and subject to the conditions specified in this Agreement, on the terms
and subject to the conditions specified in this Agreement;

 

WHEREAS, Seller
desires to sell and transfer the Shares to Buyer, on the terms and subject to the conditions specified in this Agreement;

 

NOW, THEREFORE,
in consideration of the premises and the covenants, promises and agreements herein set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending legally to be bound, agree as follows:

 

Article
I

PURCHASE AND SALE OF SPIN-OFF SUBSIDIARY STOCK 

 

1.1 Purchase
and Sale of Shares. Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyer and Buyer shall
purchase from Seller, on the Closing Date (as defined in Section 3.1), the Shares.

 

1.2 Intentionally
left blank.

 

1.3 Share
Consideration. The purchase price for the Shares shall be $1.00 (the “Share Consideration”). 

 

Article
II.

CLOSING

 

2.1 Closing.
The closing of the purchase and sale of the Shares (the “Closing”) shall take place remotely by electronic exchange
of signature pages, on the date hereof (the “Closing Date”).

 

2.2 Transfer
of Shares. At the Closing, Seller shall cause the Spin-Off Subsidiary to appropriate book Buyer as the sole holder of all issued
and outstanding equity interest of the Spin-Off Subsidiary.

 

2.3 Delivery
of Share Consideration. At the Closing, Buyer shall deliver a check to Seller payable to Seller at $1.00.

 

     

     

    

 

Article
III.

BUYER’S REPRESENTATIONS AND
WARRANTIES.

 

Buyer represents and warrants to Seller that:

 

3.1 Capacity
and Enforceability. Buyer has the power, authority and legal capacity to execute and deliver this Agreement and the documents
to be executed and delivered by Buyer at the Closing pursuant to the transactions contemplated this Agreement. This Agreement and
all such documents constitute valid and binding agreements of Buyer, enforceable in accordance with their terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement
of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in
a proceeding of law or in equity).

 

3.2 Compliance.
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby by Buyer will
result in the breach of any term or provision of, or constitute a default under, or violate any agreement, indenture, instrument,
order, law or regulation to which Buyer is a party or by which Buyer is bound.

 

Article
IV.

SELLER’S REPRESENTATIONS AND
WARRANTIES.

 

Seller represents and warrants to Buyer
that:

 

4.1 Organization
and Good Standing. Seller is a corporation duly incorporated, validly existing, and in good standing under the laws of the
State of Nevada and is properly qualified to do business and is in good standing in each state in which it is required to be so
qualified.

 

4.2 Authority
and Enforceability. Seller and Spin-Off Subsidiary have full power and authority to enter into this Agreement and to consummate
the transactions contemplated hereby and to perform its obligations hereunder. The execution and delivery of this Agreement and
the documents to be executed and delivered at the Closing pursuant to the transactions contemplated hereby, and performance in
accordance with the terms hereof and thereof, have been duly authorized by Seller and Spin-Off Subsidiary, including requisite
approval by Seller’s board of directors and shareholders, and approval by the sole shareholder of Spin-Off Subsidiary and
the board of directors of Spin-Off Subsidiary, and all such documents constitute valid and binding agreements of Seller and Spin-Off
Subsidiary enforceable in accordance with their terms.

 

4.3 Capitalization;
Subsidiaries. Seller owns all of the issued and outstanding stock of Spin-Off Subsidiary. The Shares constitute all
of the issued and outstanding securities of Spin-Off Subsidiary. Seller does not have any subsidiaries or have any ownership interest
in any other Person, other than Spin-Off Subsidiary.

 

    2

     

    

 

4.4 Title
to Shares. Seller is the sole record and beneficial owner of the Shares. At Closing, Buyer will have good and marketable title
to the Shares, which Shares are, and at the Closing will be, free and clear of all options, warrants, pledges, claims, liens and
encumbrances, and any restrictions or limitations prohibiting or restricting transfer to Buyer. The Shares represent all of the
issued and outstanding securities of Spin-Off Subsidiary. Seller has good and marketable title to, and all other legal rights to
possess and use, sell, assign, transfer and convey the Shares, free and clear of all Liens. Upon consummation of the transactions
contemplated by this Agreement at the Closing, good and marketable title to the Shares, free and clear of all Liens (other than
Liens incurred or imposed by Buyer), will pass to Buyer. As used herein, “Lien” means any interest (including
any security interest), pledge, mortgage, lien, encumbrance, charge, claim or other right of third parties, including any spousal
interests (community or otherwise), whether created by law or in equity, including any such restriction on the use, voting, transfer,
receipt of income or other exercise of any attributes of ownership.

 

4.5 Binding
Obligations. Assuming this Agreement has been duly and validly authorized, executed and delivered by the parties hereto other
than the Seller and Spin-Off Subsidiary, this Agreement is duly authorized, executed and delivered by Seller and Spin-Off Subsidiary,
and constitutes the legal, valid and binding obligation of Seller and Spin-Off Subsidiary, enforceable against each of them in
accordance with its terms, except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency
and other similar laws affecting the enforcement of creditors rights generally.

 

4.6 Ability
to Carry Out Obligations. The execution and delivery of this Agreement by Seller and Spin-Off Subsidiary and the performance
by Seller and Spin-Off Subsidiary of its obligations hereunder will not cause, constitute, or conflict with or result in (a) any
breach or violation of any of the provisions of or constitute a default under any agreement to which such Seller or Spin-Off Subsidiary
is a party, or by which Seller or Spin-Off Subsidiary is bound, or (b) an event that would result in the creation or imposition
of any lien, charge, or encumbrance upon the Shares being sold by Seller pursuant to this Agreement.

 

Article
V

OTHER AGREEMENTS

 

5.1 Expenses.
Each party hereto shall bear its expenses separately incurred in connection with this Agreement and with the performance of its
obligations hereunder.

 

5.2 Confidentiality.

 

(a) Seller,
Buyer, Spin-Off Subsidiary and their respective employees and agents shall each hold in strict confidence all Information concerning
the other party or parties in their possession or furnished by the other or the other’s Representative pursuant to this Agreement
with the same degree of care as such party utilizes as to such party’s own confidential information (except to the extent
that such Information is (i) in the public domain through no fault of such party or (ii) later lawfully acquired from any other
source by such party without, so such party’s knowledge, any breach of a confidentiality obligation), and each party shall
not release or disclose such Information to any other person, except such party’s auditors, attorneys, financial advisors,
bankers, other consultants and advisors or persons to whom such party has a valid obligation to disclose such Information, unless
compelled to disclose such Information by judicial or administrative process or, as advised by its counsel, by other requirements
of law.

 

(b) Seller,
Buyer and Spin-Off Subsidiary shall each use their best efforts to forward promptly to the other party all notices, claims, correspondence
and other materials which are received and determined to pertain to the other party.

 

    3

     

    

 

5.3 Liabilities
of Spin-Off Subsidiary. Following the date hereof, Seller shall be released from and Buyer shall be responsible for any liability
of Spin-Off Subsidiary existing as of and beyond the Closing Date including any direct or indirect indebtedness, guaranty, endorsement,
claim, loss, damage, deficiency, cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted choate
or inchoate, liquidated or unliquidated, secured or unsecured (each, “Liability of Spin-Off Subsidiary”).

 

5.4 Intentionally
Left Blank.

 

5.5 
Further Assurances. Following the date hereof, Seller shall take such steps and actions, and provide such cooperation and
assistance to Buyer and Spin-Off Subsidiary and any of their successors, assigns and legal representatives, including the execution
and delivery of any affidavits, declarations, oaths, exhibits, assignments, powers of attorney, or other documents, as may be reasonably
necessary or appropriate to effect, evidence or perfect the sale of the Shares to Buyer or any assignee or successor thereof.

 

5.6 Indemnification
by Seller. From and after the Closing, Seller agrees, to indemnify the Buyer and Spin-Off Subsidiary and each of their respective
officers, directors, employees, stockholders, agents, representatives and Affiliates (collectively, the “Buyer Indemnified
Parties”), as applicable, against all Losses incurred by such Buyer Indemnified Parties, caused by (i) any breach of
any representation or warranty made by Seller in this Agreement or in any document or certificate delivered by Seller pursuant
to this Agreement; and (ii) any breach of any covenant or obligation of Seller in this Agreement or any documents attached or delivered
pursuant to this Agreement; and (iii) any fraud on behalf of Seller or any liability of Spin-Off Subsidiary which arose prior to
the Closing and which was not disclosed to Buyer by Seller. Notwithstanding any other provision of this Agreement: (1) Seller’s
aggregate liability in respect of all claims that the Buyer or Spin-Off Subsidiary may have against Seller pursuant to this Agreement
will not exceed one thousand ($1,000); and (2) Seller shall not have any liability for any breach of any representation, warranty,
covenant or other obligation of the Spin-Off Subsidiary set forth in this Agreement.

 

Article
VI

MISCELLANEOUS.

 

6.1 Definitions.
Capitalized terms used herein without definition have the meanings ascribed to them in the Securities Purchase Agreement.

 

6.2 Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given (i) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed,
(ii) mailed by certified or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is
so mailed, or (iii) sent by facsimile transmission or email, without receipt of confirmation that such transmission has been received:

 

		(a)	If to Seller, addressed to:

 

	 	 	Gushen Inc. 
	 	 	3445 Lawrence Ave, Oceanside, New York, 11572
	 	 	Attn: David Lazar
	 	 	Title: President, CEO and CFO
	 	 	Email: David@activistinvestingllc.com

 

    4

     

    

 

		(b)	If to Buyer or Spin-Off Subsidiary, addressed to:

 

	 	 	Custodian Ventures LLC
	 	 	3445 Lawrence Ave, Oceanside, New York, 11572
	 	 	Attn: David Lazar
	 	 	Email Address: David@activistinvestingllc.com

  

or to such other address as any party hereto
shall specify pursuant to this Section 7.2 from time to time.

 

6.3 Exercise
of Rights and Remedies. Except as otherwise provided herein, no delay of or omission in the exercise of any right, power or
remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such
right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar
breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default occurring before or after that waiver.

 

6.4 Reformation
and Severability. In case any provision of this Agreement shall be invalid, illegal or unenforceable, it shall, to the extent
possible, be modified in such manner as to be valid, legal and enforceable but so as to most nearly retain the intent of the parties,
and if such modification is not possible, such provision shall be severed from this Agreement, and in either case the validity,
legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired thereby.

 

6.5 Further
Acts and Assurances. From and after the Closing, Seller, Buyer and Spin-Off Subsidiary agree that each will act in a manner
supporting compliance, including compliance by its Affiliates, with all of its obligations under this Agreement and, from time
to time, shall, at the request of another party hereto, and without further consideration, cause the execution and delivery of
such other instruments of conveyance, transfer, assignment or assumption and take such other action or execute such other documents
as such party may reasonably request in order more effectively to convey, transfer to and vest in Buyer, and to put Spin-Off Subsidiary
in possession of, all Shares and to convey, transfer to and vest in Buyer, the Shares, and, in the case of any contracts and rights
that cannot be effectively transferred without the consent or approval of another person that is unobtainable, to use its best
reasonable efforts to ensure that Spin-Off Subsidiary receives the benefits thereof to the maximum extent permissible in accordance
with applicable law or other applicable restrictions, and shall perform such other acts which may be reasonably necessary to effectuate
the purposes of this Agreement.

 

6.6 Entire
Agreement; Amendments. This Agreement contains the entire understanding of the parties relating to the subject matter contained
herein. This Agreement cannot be amended or changed except through a written instrument signed by all of the parties hereto.

 

6.7 Assignment.
No party may assign his, her or its rights or obligations hereunder, in whole or in part, without the prior written consent of
the other parties. This Agreement will be binding on and enforceable against all permitted successors and assignees.

 

6.8 Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect
to principles of conflicts or choice of laws thereof.

 

    5

     

    

 

6.9 Counterparts.
This Agreement may be executed in one or more counterparts, with the same effect as if all parties had signed the same document.
Each such counterpart shall be an original, but all such counterparts taken together shall constitute a single agreement. In the
event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of
the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile
signature page was an original thereof.

 

6.10 Section
Headings and Gender. The section headings used herein are inserted for reference purposes only and shall not in any way affect
the meaning or interpretation of this Agreement. All personal pronouns used in this Agreement shall include the other genders,
whether used in the masculine, feminine or neuter and the singular shall include the plural, and vice versa, whenever and as often
as may be appropriate.

 

6.11 Submission
to Jurisdiction; Process Agent; No Jury Trial.

 

(a) Each
party to the Agreement hereby submits to the jurisdiction of the Courts of State of Nevada, in any action arising out of or relating
to this Agreement, and agrees that all claims in respect of the action may be heard and determined in any such court. Each party
to the Agreement also agrees not to bring any action arising out of or relating to this Agreement in any other court. Each party
to the Agreement agrees that a final judgment in any action so brought will be conclusive and may be enforced by action on the
judgment or in any other manner provided at law or in equity. Each party to the Agreement waives any defense of inconvenient forum
to the maintenance of any action so brought and waives any bond, surety or other security that might be required of any other party
with respect thereto.

 

(b) EACH
PARTY TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RIGHTS TO JURY TRIAL OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT
OR ANY OTHER AGREEMENTS RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM RELATING TO THE TRANSACTIONS
CONTEMPLATED HEREBY. The scope of this waiver is intended to be all encompassing of any and all actions that may be filed in any
court and that relate to the subject matter of the transactions, including contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Each party to the Agreement hereby acknowledges that this waiver is a material inducement
to enter into a business relationship and that they will continue to rely on the waiver in their related future dealings. Each
party to the Agreement further represents and warrants that it has reviewed this waiver with its legal counsel, and that each knowingly
and voluntarily waives its jury trial rights following consultation with legal counsel. NOTWITHSTANDING ANYTHING TO THE CONTRARY
HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. In
the event of commencement of any action, this Agreement may be filed as a written consent to trial by a court.

 

    6

     

    

 

6.12 General
Releases.

 

(a) Each
party hereto, respectively, on its own behalf and on behalf of its Affiliates (each such party and its Affiliates, a “Releasor”),
effective on the Closing Date: (i) irrevocably and unconditionally releases, waives and forever discharges each other party
to this Agreement and such other party’s respective officers, directors, stockholders, successors, Representatives and permitted
assigns (each, a “Releasee”), from any and all claims and Liabilities, but only to the extent arising prior
to the Closing (collectively all claims and Liabilities released pursuant to this Section 7.13(a)(i) are referred to as
the “Released Claims”); and (ii) irrevocably agrees to refrain from directly or indirectly asserting
any claim or demand or commencing (or causing to be commenced) any suit, action or proceeding of any kind against any of the Releasees,
based upon or in connection with any matter released or purported to be released pursuant to this Section 7.13(a).

 

(b) For
the avoidance of doubt, this Section 7.13 does not constitute a release with respect to claims or Liabilities arising out
of, based on or resulting from this Agreement, the Purchase Agreement, or the agreements or exhibits attached hereto and thereto.
As used in this Agreement, “Liabilities” means, collectively, any debt, claim, cause of action, obligation,
or liability.

 

[Signature page follows this page]

 

    7

     

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Spin-Off Agreement as of the day and year first above written.

 

	 	SELLER:
	 	 	 	 
	 	Gushen Inc.
	 	 	 	 
	 	By:	/s/ David Lazar
	 	 	Name:  	David Lazar
	 	 	Title:	President,  CEO and CFO
	 	 	 	 
	 	SPIN-OFF SUBSIDIARY:
	 	 	 	 
	 	Gushen Holding Limited
	 	 	 	 
	 	By:  	/s/ David Lazar
	 	 	Name:	David Lazar
	 	 	Title:	Acting Chief Executive Officer
	 	 	 	 
	 	BUYER:	 
	 	 	 	 
	 	Custodian Ventures LLC
	 	 	 	 
	 	By:  	/s/ David Lazar
	 	 	Name:	David Lazar
	 	 	Title:	CEO

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