Document:

Exhibit 10.04

 

SEPARATION
AGREEMENT

 

This
Separation Agreement (“Agreement”) is made by and between Force Protection Video Equipment Corporation (the “Company”)
and Paul Feldman (“Employee”) (collectively the “Parties”). The Company and Employee are collectively
referred to as “the Parties” and each a “Party”. Any term not defined herein will have the meaning ascribed
to it in the Employment Agreement (as defined below).

 

RECITALS

 

WHEREAS,
Employee has been employed by the Company pursuant to the terms of that certain employment agreement effective November 24, 2015
(“Employment Agreement”);

 

WHEREAS,
the Company and Feldman have entered into a Share Exchange Agreement with SRAX, Inc. (“SRAX”) dated September 30,
2020 (“Agreement”) whereby the SRAX will become the controlling shareholder of the Company;

 

WHEREAS,
in anticipation of the transactions contemplated by the Agreement, the Company will be terminating Employee’s employment
without Cause; and

 

WHEREAS,
the Parties wish to acknowledge and memorialize the pre-existing obligations of the Parties as contained in the Employment Agreement.

 

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

 

AGREEMENT

 

1.
Separation Date. Employee’s employment with the Company is hereby terminated without cause effective January 27,
2021.

 

2.
Consideration. In consideration for the execution of this Agreement, and the performance of the terms and conditions set
forth herein, the Parties hereby agree as follows:

 

2.1
The Company will pay Employee 841,184,289 shares of the Company’s restricted common stock (the “Shares”).

 

2.2
No other consideration shall be paid to Employee

 

2.7
Payment Date. The Shares shall be issued upon the closing of the Agreement.

 

3.
Mutual General Release of Claims. Except as to such rights or claims as may be created by this Agreement, Employee, and
anyone and any entity claiming through Employee, including but not limited to Employee’s heirs, administrators, successors
in interest, assigns and agents, hereby release and forever discharge the Company and all of its past, present and future employees,
officers, directors, members, agents, trustees, administrators, representatives, owners, shareholders, partners, insurers, fiduciaries,
attorneys, subsidiaries, parent companies, affiliates, related entities, assigns, predecessors and successors in interest, and
each and all of them, jointly and severally (collectively the “Released Parties”), and Company hereby releases and
forever discharges Employee, from any and all liabilities, claims, causes of action, charges, complaints, obligations, costs,
losses, damages, injuries, penalties, interest, attorneys’ fees, and other legal responsibilities, of any form whatsoever,
whether known or unknown, unforeseen, unanticipated, unsuspected or latent, which Employee or Company has at any time owned or
held prior to Employee’s and Company’s execution of this Agreement, including but not limited to, any and all claims
arising out of, connected with, or relating to:

 

any
and all claims relating to or arising from Employee’s employment relationship with the Company and the termination of that
relationship, compensation or benefits earned or received during that employment;

 

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any
and all claims for wrongful discharge of employment; breach of contract, both express and implied; breach of a covenant of good
faith and fair dealing, both express and implied; negligent or intentional infliction of emotional distress; negligent or intentional
misrepresentation; negligent or intentional interference with contract or prospective economic advantage; defamation; negligence;
personal injury; assault; battery; invasion of privacy; false imprisonment; and conversion;

 

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 Age Discrimination in Employment Act of 1967, the Americans with Disabilities
Act of 1990, the Fair Labor Standards Act, the California Fair Employment and Housing Act, the California Labor Code, the Maryland
Wage Payment and Collection Law, and Maryland Wage and Hour law;

 

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

 

any
and all claims for attorneys’ fees and costs.

 

The
Employee 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. The foregoing general release does not apply to any of Employee’s or Company’s
claims that cannot be released as a matter of law. The Parties agree and acknowledge that the release and waiver set forth above
shall not prevent Employee from participating in or cooperating with any state or federal agency’s investigation or charge
of discrimination, including the Equal Employment Opportunity Commission (“EEOC”). The Parties further agree and acknowledge
that nothing in the Agreement prevents or prohibits Employee from filing a charge of discrimination with a state or federal agency,
including the EEOC. However, Employee understands and agrees that Employee is releasing the Company from any and all claims by
which Employee is giving up the opportunity to recover any compensation, damages, or any other form of relief in any proceeding
brought by Employee or on Employee’s behalf.

 

4.
Older Worker’s Benefit Protection Act. This Agreement constitutes a knowing and voluntary waiver of any and all rights
or claims that Employee has or may have under the Federal Age Discrimination In Employment Act, as amended by the Older Workers’
Benefit Protection Act of 1990, 29 U.S.C. §§ 621 et seq. This paragraph and this Agreement are written in a manner
calculated to be understood by Employee. Employee is hereby advised in writing to consult with an attorney before signing this
Agreement. Employee has had a reasonable time of up to 45 days in which to consider signing this Agreement. If Employee decides
not to use all 45 days, Employee knowingly and voluntarily waives any claims that Employee was not given the 45-day period or
did not use the entire 45 days to consider this Agreement. Employee may revoke this Agreement at any time within the 7-day period
following the date Employee signs this Agreement by providing written notice of revocation to the Company by email to [●]
so that said revocation notice is received before the expiration of the 7-day revocation period (the “Revocation Period”).
If Employee revokes the Agreement within the Revocation Period, Employee will only be entitled to receive the Accrued Obligations
as provided for in the Employment Agreement.

 

5.
Mutual Release of Unknown Claims. This Agreement extends to all claims or causes of action, of every nature and kind whatsoever,
known or unknown, enumerated in this Agreement or otherwise. Employee or Company may hereafter discover presently unknown facts
or claims different from or in addition to those that Employee or Company now knows as to the matters released herein. Nevertheless,
it is Employee’s and Company’s intention, through this Agreement, to fully release all such matters and all claims
related thereto, which do now exist, may exist or heretofore have existed.

 

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6.
Mutual Covenant Not To Sue. Employee and Company have not, and will not, directly or indirectly institute any legal action
against the Employee or the Released Parties based upon, arising out of, or relating to any claims released in this Agreement,
to the extent allowed by law. Employee and Company have not, and will not, directly or indirectly encourage and/or solicit any
third party to institute any legal action against the Employee or Released Parties, to the extent allowed by law.

 

7.
Inquiries. The Company will respond to any inquiries about Employee’s employment by providing only Employee’s
dates of employment and job titles. Employee will direct all such inquiries only to [●] by email at [●].

 

8.
No Workplace Injuries. Employee has not sustained any workplace injury of any kind during Employee’s employment with
the Company, and Employee does not intend to file any claim for or seek any workers’ compensation benefits.

 

9.
Prior Agreements. This Agreement does not alter, modify or impact any confidentiality provisions and/or the restrictive
covenants between the Parties, nor does it affect Employee’s obligation to comply with those provisions and/or covenants.
Except as specifically provide for in Section 2.4, this Agreement does not alter, modify or amend the Employment Agreement.

 

10.
Non-Disclosure of Trade Secrets, Confidential or Proprietary Information. Employee will not, for any reason, disclose to
others or use for the benefit of anyone other than the Company any trade secret, confidential or proprietary information of the
Company, including, but not limited to information relating to the Company’s customers, employees, consultants, affiliates,
partners, products, services, know-how, techniques, computer systems, programs, policies and procedures, research, projects, future
developments, costs, profits, pricing, customer and client information. The use of any trade secret, confidential or proprietary
information belonging to the Company shall be a material breach of this Agreement. Notwithstanding anything contained herein or
in any other confidentiality provision to which Employee may be or may have been subject as a result of Employee’s employment
with the Company, nothing shall prohibit Employee from communicating with government authorities concerning any possible legal
violations. The Company nonetheless asserts and does not waive its attorney-client privilege over any information appropriately
protected by the privilege. Employee is advised that pursuant to the Defend Trade Secrets Act an individual shall not be held
criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (a) is made
(i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii)
solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document
filed in a lawsuit or other proceeding, if such filing is made under seal. However, Employee understands that in the event that
disclosure of the Company’s trade secrets was not done in good faith pursuant to the above, Employee will be subject to
substantial damages, including punitive damages and attorneys’ fees.

 

11.
Litigation Cooperation.

 

11.1
Employee agrees to provide such assistance to the Company and its counsel as they may request in regard to any matters of which
Employee has particular knowledge as a result of Employee’s employment with the Company, without the right to receive any
additional consideration for such assistance, except as expressly agreed to below. Such assistance shall include, but is not limited
to, answering any inquiries the Company may have or receive regarding the execution of Employee’s past duties at the Company,
acting as a resource person in matters relevant to Employee’s knowledge and experience with the Company, providing information
and answers in response to interrogatories or other discovery, giving sworn statements and testifying in arbitrations, depositions
and/or trials, and committing to be available, upon reasonable notice, to meet with the Company and its attorneys to adequately
prepare for any and all proceedings associated with pending or threatened litigation or arbitration involving the Company. Employee
shall not be obligated to provide assistance that would unreasonably and materially interfere with Employee’s business or
personal activities.

 

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11.2
In the event that travel or other expenses are incurred by Employee in connection with such assistance or in the event Employee’s
deposition is required, the reasonable travel costs and out-of-pocket expenses in connection therewith shall be reimbursed by
the Company.

 

12.
Return of All The Company Materials. Employee has returned to the Company all the Company’s records, documents, electronically
stored information, and tangible embodiments of such, in Employee’s possession, including but not limited to the Company’s
trade secrets, confidential information and proprietary information. Employee confirms that Employee has already returned to the
Company all property of the Company, including but not limited to automobiles, keys, key cards, cellular phones, credit cards,
personal and laptop computers, and any other electronic equipment.

 

13.
Non-Disparagement. Employee shall not make any disparaging remarks about any of the other Released Parties, verbally or
in writing, including without limitation posting on social media applications such as YouTube, Facebook, Twitter, blogs, or other
public fora, or otherwise take any action that could reasonably be anticipated to cause damage to the reputation, goodwill, or
business of any of the Released Parties, or otherwise make remarks that may reflect negatively upon any of the Released Parties.
This clause does not waive Employee’s right to testify in an administrative, legislative, or judicial proceeding concerning
alleged criminal conduct or alleged sexual harassment when Employee has been required or requested to attend the proceeding pursuant
to a court order, subpoena, or written request from an administrative agency or the legislature; provided, Employee agrees to
give the Company the maximum notice possible of Employee’s intent to provide such testimony. This provision is a material
term of this Agreement.

 

14.
CIRCULAR 230 DISCLAIMER. EACH PARTY TO THIS AGREEMENT (FOR PURPOSES OF THIS SECTION, THE “ACKNOWLEDGING PARTY”;
AND EACH PARTY TO THIS AGREEMENT OTHER THAN THE ACKNOWLEDGING PARTY, AN “OTHER PARTY”) ACKNOWLEDGES AND AGREES: (1)
NO PROVISION OF THIS AGREEMENT, AND NO WRITTEN COMMUNICATION OR DISCLOSURE BETWEEN OR AMONG THE PARTIES OR THEIR ATTORNEYS AND
OTHER ADVISERS, IS OR WAS INTENDED TO BE, NOR SHALL ANY SUCH COMMUNICATION OR DISCLOSURE CONSTITUTE OR BE CONSTRUED OR BE RELIED
UPON AS, TAX ADVICE WITHIN THE MEANING OF UNITED STATES TREASURY DEPARTMENT CIRCULAR 230 (31 CFR PART 10, AS AMENDED); (2) THE
ACKNOWLEDGING PARTY (A) HAS RELIED EXCLUSIVELY UPON HIS, HER OR ITS OWN INDEPENDENT LEGAL AND TAX ADVISERS FOR ADVICE (INCLUDING
TAX ADVICE) IN CONNECTION WITH THIS AGREEMENT, (B) HAS NOT ENTERED INTO THIS AGREEMENT BASED UPON THE RECOMMENDATION OF ANY OTHER
PARTY OR ANY ATTORNEY OR ADVISOR TO ANY OTHER PARTY, AND (C) IS NOT ENTITLED TO RELY UPON ANY COMMUNICATION OR DISCLOSURE BY ANY
ATTORNEY OR ADVISER TO ANY OTHER PARTY TO AVOID ANY TAX PENALTY THAT MAY BE IMPOSED ON THE ACKNOWLEDGING PARTY; AND (3) NO ATTORNEY
OR ADVISER TO ANY OTHER PARTY HAS IMPOSED ANY LIMITATION THAT PROTECTS THE CONFIDENTIALITY OF ANY SUCH ATTORNEY’S OR ADVISER’S
TAX STRATEGIES (REGARDLESS OF WHETHER SUCH LIMITATION IS LEGALLY BINDING) UPON DISCLOSURE BY THE ACKNOWLEDGING PARTY OF THE TAX
TREATMENT OR TAX STRUCTURE OF ANY TRANSACTION, INCLUDING ANY TRANSACTION CONTEMPLATED BY THIS AGREEMENT.

 

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15.
Arbitration. Except for claims for emergency equitable or injunctive relief which cannot be timely addressed through arbitration,
the Parties agree to submit any claim or dispute arising out of the terms of this Agreement to private and confidential arbitration
by a single neutral arbitrator through Judicial Arbitration and Mediation Services, Inc. (“JAMS”). The JAMS Streamlined
Arbitration Rules & Procedures in effect at the time of the claim or dispute is arbitrated will govern the procedure for the
arbitration proceedings between the Parties. The arbitrator in this matter shall not have the power to modify any of the provisions
of this Agreement. The decision of the arbitrator shall be final and binding on all Parties to this Agreement, and judgment thereon
may be entered in any court having jurisdiction. The Party initiating the arbitration shall advance the arbitrator’s fee
and all costs of services provided by the arbitrator and arbitration organization. However, all the costs of the arbitration proceeding
or litigation to enforce this Agreement, including attorneys’ fees and costs, shall be paid as the arbitrator or court awards
in accordance with applicable law. The Parties hereby waive any right to a jury trial on any dispute or claim covered by this
Agreement.

 

16.
Employee Representations and Acknowledgments. Employee hereby represents and warrants to the Company that Employee (a)
has read this Agreement in its entirety, (b) has all requisite power and authority to execute and deliver this Agreement and to
perform his or her obligations hereunder, (c) fully understands the contents of this Agreement, (d) freely, voluntarily and without
coercion enters into this Agreement, and (e) is signing it with full knowledge that it is intended, to the maximum extent permitted
by law, as a complete release and waiver of any and all claims.

 

17.
Severability. In the event any provision of this Agreement is held to be void, null or unenforceable, the remaining portions
shall remain in full force and effect.

 

18.
No Admission of Wrongdoing. Neither this Agreement nor the furnishing of the consideration for this Agreement shall be
deemed or construed as an admission of liability or wrongdoing on the part of the Released Parties, nor shall they be admissible
as evidence in any proceeding other than for the enforcement of this Agreement.

 

19.
Modification. This Agreement cannot be modified in any respect except in a written instrument signed by both Parties.

 

20.
Entire Agreement. This Agreement sets forth the entire agreement between the Parties hereto, and fully supersedes any prior
agreements or understandings between the Parties, except for any confidentiality agreements and the Employment Agreement between
the Parties, which shall remain in full force and effect.

 

21.
No Reliance. Employee has not relied on any representations, promises, or agreements of any kind made to Employee in connection
with Employee’s decision to accept this Agreement, except for those set forth in this Agreement.

 

22.
Interpretation. Any uncertainty or ambiguity in the Agreement shall not be construed for or against any Party based on
the attribution of drafting to any Party.

 

23.
Counterparts. This Agreement may be executed by the Parties in counterparts, which are defined as duplicate originals,
all of which taken together shall be construed as one document.

 

24.
Signature. A signature by facsimile or email on this Agreement shall be as legally binding as an original signature.

 

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25.
Governing Law. This Agreement shall be governed and conformed in accordance with the laws of the State of California, without
regard to its conflicts of law principles.

 

2.6
Voluntary Execution of Agreement. This Agreement is executed voluntarily and without any duress or undue influence on the
part or behalf of the Parties hereto, with the full intent of releasing all claims. The Parties acknowledge that:

 

(a)
They have read this Agreement;

 

(b)
They have had the opportunity to be represented in the preparation, negotiation, and execution of this Agreement by legal counsel
of their own choice;

 

(c)
They understand the terms and consequences of this Agreement and of the releases it contains;

 

(d)
They are fully aware of the legal and binding effect of this Agreement.

 

PLEASE
READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS.

 

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

 

	 	EMPLOYEE
	 	 	 
	Dated:________,
    2021	By	 
	 	 	Paul
    Feldman
	 	 	 
	 	COMPANY
	 	 
	 	Force
    Protection Video Equipment Corp.
	 	 	 
	Dated:________,
    2021	By	 

 

    	7Exhibit
10.05

 

EXCHANGE
AGREEMENT

 

This
Exchange Agreement (this “Agreement”), dated as of January 27th, 2021, is made by and among Force Protection
Video Equipment Corporation, a Florida corporation (the “Company”), and RedDiamond Partners LLC as the holder of the
Exchange Securities (as defined below) (the “Holder”).

 

WHEREAS,
the Company is a party to that certain Share Exchange Agreement (the “Big Token Share Exchange Agreement”), dated
as of September 30, 2020 with SRAX, Inc., a Delaware company (“SRAX”).

 

WHEREAS,
pursuant to the Big Token Share Exchange Agreement, SRAX has agreed to transfer to the Company 100% of the issued and outstanding
shares of Big Token, Inc., SRAX’s wholly owned subsidiary (“Big Token”).

 

WHEREAS,
the Holder holds the convertible notes of the Company as more specifically set forth on Exhibit A attached hereto (the
“Exchange Securities”).

 

WHEREAS,
the closing of the transactions contemplated by the Big Token Share Exchange Agreement are conditioned upon all outstanding convertible
notes of the Company having been converted into equity securities of the Company.

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 3(a)(9) of the Securities Act of 1933
(the “Securities Act”), the Company desires to exchange with the Holder, and the Holder desires to exchange with the
Company, the Exchange Securities for an aggregate of 8,318 shares of the Company’s Series C Convertible Preferred Stock
(the “Series C”), with such designations, rights, preferences, limitations and restrictions as set forth in the Certificate
of Designation contained in Exhibit B attached hereto; and (y) 7,000,000,000 shares of the Company’s common stock,
par value $0.0001 per share (the “Common Stock”; such Series C and such Common Stock are collectively referred to
herein as the “Issued Securities”).

 

NOW,
THEREFORE, in consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration
the receipt and adequacy of which are hereby acknowledged, the Company and the Holder agree as follows:

 

1.
Terms of the Exchange. The Company and the Holder agree that the Holder will exchange the Exchange Securities held by the
Holder and will relinquish any and all other rights it may have under the Exchange Securities in exchange for the Issued Securities.

 

2.
Closing.

 

a.
Time and Place of Closing. Subject to the satisfaction of the conditions set forth herein, a closing shall occur at the
principal offices of the Company, or such other location as the parties shall mutually agree, simultaneously with the closing
of the transactions contemplated by the Big Token Share Exchange Agreement.

 

b.
Deliveries. At closing, the Company shall deliver to the Holder the Issued Securities. Upon closing, any and all obligations
of the Company to Holder under the Exchange Securities shall be fully satisfied, the Holder will have no remaining rights, powers,
privileges, remedies or interests under the Exchange Securities. On the closing date, the Company shall execute and cause its
Transfer Agent to execute the form of reserve letter attached as Exhibit C.

 

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3.
Further Assurances; Sale Restrictions.

 

a.
Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver
all such other agreements, certificates, instruments and documents, as any other party may reasonably request in order to carry
out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

b.
During the six month period following the date of this Agreement, the Holder agrees that it will not offer or sell in a public
broker transaction any Issued Securities (including Common Stock issued upon conversion of the Series C) on any trading day in
an amount greater than 20% of the average daily trading volume over the five (5) trading days preceding any such sale.

 

4.
Representations and Warranties of the Holder. The Holder represents and warrants as of the date hereof and as of the closing
to the Company as follows:

 

a.
Authorization; Enforcement. The Holder has the requisite power and authority to enter into and to consummate the transactions
contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery
of this Agreement by the Holder and the consummation by it of the transactions contemplated hereby have been duly authorized by
all necessary action on the part of the Holder and no further action is required by the Holder. This Agreement has been (or upon
delivery will have been) duly executed by the Holder and, when delivered in accordance with the terms hereof, will constitute
the valid and binding obligation of the Holder enforceable against the Holder in accordance with its terms, except: (i) as limited
by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited
by applicable law.

 

b.
Tax Advisors. The Holder has reviewed with its own tax advisors the U.S. federal, state, local and foreign tax consequences
of this investment and the transactions contemplated by this Agreement. With respect to such matters, the Holder relied solely
on such advisors and not on any statements or representations of the Company or any of its agents, written or oral. The Holder
understands that it (and not the Company) shall be responsible for its own tax liability that may arise as a result of this investment
or the transactions contemplated by this Agreement.

 

c.
Information Regarding Holder. The Holder is an “accredited investor,” as such term is defined in Rule 501 of
Regulation D promulgated by the United States Securities and Exchange Commission (the “Commission”) under the Securities
Act, is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities
of companies in private placements in the past and, with its representatives, has such knowledge and experience in financial,
tax and other business matters as to enable the Holder to utilize the information made available by the Company to evaluate the
merits and risks of and to make an informed investment decision with respect to the proposed purchase, which represents a speculative
investment. The Holder has the authority and is duly and legally qualified to purchase and hold the Issued Securities. The Holder
is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof.

 

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d.
Legend. The Holder understands that the Issued Securities (including the shares of Common Stock issuable upon the conversion
of the Series C (the “Underlying Shares”)) will be issued pursuant to an exemption from registration or qualification
under the Securities Act and applicable state securities laws, and except as set forth below, the Issued Securities shall bear
any legend as required by the “blue sky” laws of any state and a restrictive legend in substantially the following
form (and a stop-transfer order may be placed against transfer of such stock certificates):

 

THESE
SECURITIES AND THE SECURITIES ISSUABLE UPON THEIR EXERCISE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED UNLESS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT, A “NO-ACTION” LETTER FROM THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION WITH RESPECT TO SUCH
TRANSFER, A TRANSFER MEETING THE REQUIREMENTS OF RULE 144 OF THE COMMISSION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER
TO THE EFFECT THAT ANY SUCH TRANSFER IS EXEMPT FROM SUCH REGISTRATION.

 

e.
Restricted Securities. The Holder understands that: (i) the Issued Securities (and the Underlying Securities) have not
been and are not being registered under the Securities Act or any state securities laws, and may not be offered for sale, sold,
assigned or transferred unless (A) subsequently registered thereunder, (B) the Holder shall have delivered to the Company (if
requested by the Company) an opinion of counsel to the Holder, in a form reasonably acceptable to the Company, to the effect that
such Issued Securities to be sold, assigned or transferred may be sold, assigned or transferred pursuant to an exemption from
such registration, or (C) the Holder provides the Company with reasonable assurance that such Issued Securities (or Underlying
Securities, as applicable) can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Securities
Act (or a successor rule thereto) (collectively, “Rule 144”); and (ii) any sale of the Issued Securities (or Underlying
Securities) made in reliance on 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 Issued Securities (or Underlying Securities) 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 Commission promulgated thereunder.

 

5.
Representations and Warranties of the Company. The Company hereby makes the following representations and warranties to
the Holder:

 

a.
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this Agreement and each of the other agreements entered into by the parties hereto in connection
with the transactions contemplated by this Agreement (collectively, the “Exchange Documents”) and otherwise to carry
out its obligations hereunder and thereunder. The execution and delivery of this Agreement by the Company and the consummation
by it of the transactions contemplated hereby have been duly authorized by all necessary action on the part of the Company and
no further action is required by the Company, the board of directors of the Company or the Company’s stockholders in connection
therewith, including, without limitation, the issuance of the Issued Securities has been duly authorized by the Company’s
board of directors and no further filing, consent, or authorization is required by the Company, its board of directors or its
stockholders. This Agreement has been (or upon delivery will have been) duly executed by the Company and, when delivered in accordance
with the terms hereof, will constitute the valid and binding obligation of the Company enforceable against the Company in accordance
with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

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b.
Organization and Qualification. Each of the Company and its subsidiaries (the “Subsidiaries”) are entities
duly organized and validly existing and in good standing under the laws of the jurisdiction in which they are formed, and have
the requisite power and authorization to own their properties and to carry on their business as now being conducted and as presently
proposed to be conducted. Each of the Company and each of its Subsidiaries is duly qualified as a foreign entity to do business
and is in good standing in every jurisdiction in which its ownership of property or the nature of the business conducted by it
makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not
have a Material Adverse Effect. As used in this Agreement, “Material Adverse Effect” means any material adverse effect
on (i) the business, properties, assets, liabilities, operations (including results thereof), condition (financial or otherwise)
or prospects of the Company or any Subsidiary, individually or taken as a whole, (ii) the transactions contemplated hereby or
in any of the other Exchange Documents or (iii) the authority or ability of the Company to perform any of its obligations under
any of the Exchange Documents. Other than its Subsidiaries, there is no Person (as defined below) in which the Company, directly
or indirectly, owns capital stock or holds an equity or similar interest. “Person” means an individual, a limited
liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity and
any governmental entity or any department or agency thereof.

 

c.
No Conflict. The execution, delivery and performance of the Exchange Documents by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Issued Securities
will not (i) result in a violation of the Certificate of Incorporation (as defined herein) or other organizational documents of
the Company or any of its Subsidiaries, any capital stock of the Company or any of its Subsidiaries or Bylaws (as defined herein)
of the Company or any of its Subsidiaries, (ii) except as set forth in the SEC Documents (as defined herein), conflict with, or
constitute a default (or an event which with notice or lapse of time or both would become a default) under, or give to others
any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company
or any of its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree
(including foreign, federal and state securities laws and regulations and the rules and regulations of The OTC Markets Group (the
“Principal Market”) applicable to the Company or any of its Subsidiaries or by which any property or asset of the
Company or any of its Subsidiaries is bound or affected except, in the case of clause (ii) or (iii) above, to the extent such
violations that could not reasonably be expected to have a Material Adverse Effect.

 

d.
No Consents. Neither the Company nor any Subsidiary is required to obtain any consent from, authorization or order of,
or make any filing or registration with, any court, governmental agency or any regulatory or self-regulatory agency or any other
Person in order for it to execute, deliver or perform any of its respective obligations under or contemplated by the Exchange
Documents, in each case, in accordance with the terms hereof or thereof. All consents, authorizations, orders, filings and registrations
which the Company or any Subsidiary is required to obtain pursuant to the preceding sentence have been obtained or effected on
or prior to the date of this Agreement, and neither the Company nor any of its Subsidiaries is aware of any facts or circumstances
which might prevent the Company or any of its Subsidiaries from obtaining or effecting any of the registration, application or
filings contemplated by the Exchange Documents. The Company is not in violation of the requirements of the Principal Market and
has no knowledge of any facts or circumstances which could reasonably lead to delisting or suspension of the Common Stock in the
foreseeable future.

 

e.Securities
Law Exemptions. Assuming the accuracy of the representations and warranties of the Holder contained herein, the offer and
issuance by the Company of the Issued Securities is exempt from registration under the Securities Act. The offer and issuance
of the Issued Securities is exempt from registration under the Securities Act pursuant to the exemption provided by Section 3(a)(9)
thereof. The Company covenants and represents to the Holder that neither the Company nor any of its Subsidiaries has received,
anticipates receiving, has any agreement to receive or has been given any promise to receive any consideration from the Holder
or any other Person in connection with the transactions contemplated by the Exchange Documents. The Company hereby acknowledges
that the holding period of the Issued Securities (and Underlying Shares) shall tack back to the date the Exchanged Securities
were originally issued by the Company to the Holder (or its assignor) and it covenants not to take any position to the contrary.

 

    	4

     

    

 

f.
Issuance of the Issued Securities. The issuance of the Issued Securities is duly authorized by the Company. The issuance
of shares of the Underlying Shares upon conversion of the Series C is duly authorized and, when issued in accordance with the
Series C, will be duly and validly issued, fully paid and non-assessable, free from all taxes, liens, charges and other
encumbrances imposed by the Company other than restrictions on transfer provided for in such documents.

 

g.
Equity Capitalization. Except as disclosed in the SEC Documents: (i) none of the Company’s or any Subsidiary’s
capital stock is subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by
the Company or any Subsidiary; (ii) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any capital
stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the Company
or any of its Subsidiaries is or may become bound to issue additional capital stock of the Company or any of its Subsidiaries
or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities
or rights convertible into, or exercisable or exchangeable for, any capital stock of the Company or any of its Subsidiaries; (iii)
there are no outstanding debt securities, notes, credit agreements, credit facilities or other agreements, documents or instruments
evidencing indebtedness of the Company or any of its Subsidiaries or by which the Company or any of its Subsidiaries is or may
become bound; (iv) there are no financing statements securing obligations in any amounts filed in connection with the Company
or any of its Subsidiaries; (v) there are no agreements or arrangements under which the Company or any of its Subsidiaries is
obligated to register the sale of any of their securities under the Securities Act; (vi) there are no outstanding securities or
instruments of the Company or any of its Subsidiaries which contain any redemption or similar provisions, and there are no contracts,
commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may become bound to redeem a
security of the Company or any of its Subsidiaries; (vii) there are no securities or instruments containing anti-dilution or similar
provisions that will be triggered by the issuance of the Issued Securities; (viii) neither the Company nor any Subsidiary has
any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement; and (ix) neither
the Company nor any of its Subsidiaries have any liabilities or obligations required to be disclosed in the Company’s filings
with the Commission (the “SEC Documents”) which are not so disclosed in the SEC Documents, other than those incurred
in the ordinary course of the Company’s or its Subsidiaries’ respective businesses and which, individually or in the
aggregate, do not or could not have a Material Adverse Effect. The Company has furnished to the Holder true, correct and complete
copies of the Company’s Amended and Restated Certificate of Incorporation, as amended and as in effect on the date hereof
(the “Certificate of Incorporation”), and the Company’s Amended and Restated Bylaws and as in effect on the
date hereof (the “Bylaws”), and the terms of all securities convertible into, or exercisable or exchangeable for,
shares of Common Stock and the material rights of the holders thereof in respect thereto that have not been disclosed in the SEC
Documents.

 

h.
Shell Company Status. The Company is not, and has not been in the last three years, an issuer identified in, or subject
to, Rule 144(i) of the Securities Act.

 

    	5

     

    

 

6.
Additional Acknowledgments. The Holder and the Company confirm that the Company has not received any consideration for
the transactions contemplated by this Agreement. Pursuant to Rule 144 promulgated by the Commission pursuant to the Securities
Act and the rules and regulations promulgated thereunder as such Rule 144 may be amended from time to time, or any similar rule
or regulation hereafter adopted by the Commission having substantially the same effect as such Rule 144, the holding period of
the Issued Securities (and Underlying Shares) tacks back to the issue date of the Exchange Securities (or such prior date as is
indicated on Exhibit A attached hereto). The Company hereby confirms that the Holder (who is exchanging the Exchange Securities)
currently is not and will not be upon closing of this Agreement (individually or together as a group) deemed an “affiliate”
as defined in Rule 144. The Company agrees not to take a position contrary to this paragraph.

 

7.
Miscellaneous.

 

a.
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns.

 

b.
Governing Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed under the laws of
the State of New York, without regard to the choice of law principles thereof. Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the State of New York, City of New York for the adjudication of any dispute
hereunder or in connection herewith or with any transaction contemplated hereby, and hereby irrevocably waives any objection that
such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER
OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

c.
Severability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of any provision of this Agreement in any other jurisdiction.

 

d.
Counterparts/Execution. This Agreement may be executed in two or more identical counterparts, all of which shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains an electronic file
of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such facsimile or electronic file signature page (as the
case may be) were an original thereof.

 

e.
Notices. Any notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently
given if hand-delivered or sent (i) postage prepaid by registered mail, return receipt requested, or (ii) by email, to the respective
parties as set forth below, or to such other address as either party may notify the other in writing.

 

If
to the Company, to:

 

Force
Protection Video Equipment Corporation

1249
Kildaire Farm Road

Cary,
NC 27511

Attn:
Paul Feldman, CEO

Email:
paul@forceprovideo.com

 

    	6

     

    

 

If
to the Holder, to the address set forth on the signature page of the Holder.

 

f.
Expenses. The parties hereto shall pay their own costs and expenses in connection herewith.

 

g.
Entire Agreement; Amendments. This Agreement constitutes the entire agreement between the parties with regard to the subject
matter hereof and thereof, superseding all prior agreements or understandings, whether written or oral, between the parties. This
Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be waived,
only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except as expressly
stated herein, no delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver
thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other or future
exercise of any other right, power or privilege hereunder.

 

h.
Headings. The headings used in this Agreement are used for convenience only and are not to be considered in construing
or interpreting this Agreement.

 

i.
Pledge of Issued Securities. The Company acknowledges and agrees that the Issued Securities may be pledged by the Holder
in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Issued Securities.
The pledge of the Issued Securities shall not be deemed to be a transfer, sale or assignment of the Issued Securities hereunder,
and if the Holder effects a pledge of the Issued Securities it shall not be required to provide the Company with any notice thereof
or otherwise make any delivery to the Company pursuant to this Agreement. The Company hereby agrees to execute and deliver such
documentation as a pledgee of the Issued Securities may reasonably request in connection with a pledge of the Issued Securities
to such pledgee by the Holder.

 

[SIGNATURE
PAGES FOLLOW]

 

    	7

     

    

 

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

 

	 	FORCE
    PROTECTION VIDEO EQUIPMENT CORP. 
	 	 	 
	 	By:	                             
	 	Name: 	Paul
    Feldman
	 	Title:	Chief
    Executive Officer

 

	 	RED
    DIAMOND PARTNERS LLC
	 	 	 
	 	By:	
	 	Name: 	Alan
    Uryniak
	 	Title:	Manager
	 	 	 
	 	156
    West Saddle River Road
	 	Saddle
    River, NJ 07458
	 	Email:
    jdjr11@aol.com

 

    	8

     

    

 

EXHIBIT
A

 

Exchange
Securities

 

EXHIBIT
B

 

Certificate
of Designation of Series C

 

[Attached]

 

EXHIBIT
C

 

Reserve
Letter

 

[Attached]

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