Document:

Exhibit 10.5

 

MASTER NETTING AGREEMENT

 

MASTER NETTING AGREEMENT
(the "Agreement"), dated as of March __, 2020, by and among Genius Brands International, Inc., a Nevada corporation
(the "Company") and the investor signatory hereto (the "Investor", and together with the Company,
the "Parties" and each a "Party").

 

WHEREAS, concurrently
herewith, (i) the Parties and certain other investors have entered into that certain Securities Purchase Agreement, dated March
11, 2020 (the "Securities Purchase Agreement"), pursuant to which, among other things, the Investor shall acquire
a Note (as defined in the Securities Purchase Agreement) issued by the Company, which is guaranteed by certain of the Company's
subsidiaries and secured by, among other things, a first priority perfected lien in the Investor Note (as defined below) and (ii)
the Parties have entered into that certain Note Purchase Agreement, dated March [●], 2020, pursuant to which, among other
things, the Company shall acquire a secured promissory note (the "Investor Note") issued by the Investor (the
"Note Purchase Agreement"), which is secured by certain Eligible Assets (as defined in the Investor Note), as
payment of the purchase price of the Note pursuant to the Securities Purchase Agreement. The Note Purchase Agreement, the Investor
Note, the Note and the Securities Purchase Agreement are collectively referred to herein as the "Underlying Agreements";

 

WHEREAS, each
Party desires to provide in this Master Netting Agreement for, among other things, further clarification of its right (but not,
in the case of the Investor only, its obligation) to Net (as defined below) all Obligations (as defined below) arising under the
Underlying Agreements upon the occurrence of (i) with respect to the Investor, at the Investor's sole discretion, from and after
the occurrence of either (A) any Investor Note Acceleration (as defined in the Investor Note), any Redemption Date (as defined
in the Note) with respect to any redemption of the Note of the Investor (solely to the extent the applicable Outstanding Amount
(as defined in the Note) subject to redemption includes Restricted Principal (as defined in the Note)), any Event of Default (as
defined in the Note) or any Change of Control (as defined in the Note) (in each case, whether or not a Default then exists or the
Investor has effected an Acceleration) or (B) if the Company has not satisfied the Cash Burn Covenants (as defined in the Investor
Note) in accordance with their terms (the "Initial Netting Date") or (ii) automatically upon the occurrence of
the Maturity Date (as defined in the Note), upon any Bankruptcy Event of Default (as defined in the Note) or any Prohibited Transfer
(as defined in the Investor Note), in each case, and recover against the other Party under and across the Underlying Agreements
as herein specified and to treat this Agreement and the Underlying Agreements as a single agreement for the purposes set forth
herein and the Note Purchase Agreement and the Securities Purchase Agreement each as a "securities contract" (11 U.S.C.
§ 741), or other similar agreements; and

 

WHEREAS, the
Parties desire that the provisions of each Underlying Agreement remain in force under each applicable Underlying Agreement to the
extent such provisions are not expressly superseded or amended hereby.

 

NOW THEREFORE, in
consideration of the mutual agreements herein made and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, each Party agrees as follows:

 

1.                 
Single Agreement. This Agreement is entered into in reliance on the Parties' agreement that for the purposes set
forth herein this Agreement and the Underlying Agreements form a single integrated agreement between the Parties, and the Parties
would not otherwise enter into this Agreement and the Underlying Agreements. The Company and the Investor hereby acknowledge and
agree (a) that the Note Purchase Agreement and the Securities Purchase Agreement each are a "securities contract" as
defined in 11 U.S.C. § 741 and that Investor shall have all rights in respect of the Underlying Agreements as are set forth
in 11 U.S.C. § 555 and 11 U.S.C. § 362(b)(6), and (b) that this Agreement is a "master netting agreement" as
that term is used in 11 U.S.C. § 362(b)(27) and 11 U.S.C. § 561 and is a "master agreement" as that term is
used in 11 U.S.C. § 362(b)(6) and that Investor shall have all rights in respect of this Agreement (and in respect of the
Underlying Agreements as incorporated herein) as are set forth in 11 U.S.C. § 362(b)(27), 11 U.S.C. § 561, and 11 U.S.C.
§ 362(b)(6), including in respect of both the foregoing clause (a) and the foregoing clause (b), without limitation, all rights
of credit, deduction, setoff, offset, recoupment, and netting (collectively, "Netting" or "Net")
as set forth in this Agreement, the Investor Note and the Note.

 

 

 

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2.                 
Definitions. Terms capitalized herein but not defined herein shall have the meanings given to such terms in the Securities
Purchase Agreement. In the event of any conflict or inconsistency between a term defined herein and in any of the Underlying Agreements,
such term as used in this Agreement shall govern and have the meaning ascribed to it in this Agreement for the purposes of this
Agreement. All references to "$" shall be to lawful currency of the United States of America, unless otherwise specified.
All references to Sections, Exhibits, and other provisions are to Sections, Exhibits and other provisions of this Agreement unless
otherwise expressly stated. The following terms used in this Agreement are defined as follows:

 

"Acceleration"
means the acceleration, exercise of redemption rights, required redemption, exercise of prepayment rights or the occurrence of
the Maturity Date (as defined in the Note or Investor Note, as applicable), in whole or in part, of the Note or the Investor Note,
as applicable, in accordance with this Agreement or the applicable Underlying Agreement.

 

"Bankruptcy
Code" means Title 11 of the U.S. Bankruptcy Code.

 

"Default"
means, as applicable, a Default (as defined in the Investor Note) or an Event of Default (as defined in the Note).

 

"Netting Party"
means the Party exercising the right to effect any Netting hereunder or under the applicable Underlying Agreement.

 

"Other Party"
means the Party other than the Netting Party.

 

"Obligation"
or "Obligations" means, with respect to a Party, each and every present or future payment or performance obligation
or liability of such Party under this Agreement or an Underlying Agreement, whether fixed, matured, unmatured, liquidated, or unliquidated.

 

"Unpaid Amounts"
means, as of any date of determination, the Obligations owed by one Party to the other under such Underlying Agreements that have
not been paid as of the date of determination, whether or not such amounts are then due and payable and without regard to the fair
market value of the Note or the Investor Note at such time, as applicable.

 

3.                 
Netting.

 

(a)              
Optional Netting. Upon the occurrence of any event that gives the Investor the right to effect an Investor Optional
Netting (as defined in the Investor Note), the Investor may, at the Investor's sole discretion, by delivery of written notice to
the Company, Net (each, an "Optional Netting") any Unpaid Amount owed by the Investor to the Company under the
Investor Note or any other Underlying Agreement against (across or within each or all of the Underlying Agreements) (x) any
Unpaid Amounts owed by the Company to the Investor under the Notes or (y) any Unpaid Amounts owed by the Company to the Investor
under any other Underlying Agreement.

 

(b)              
Automatic Netting. Upon the occurrence of an Acceleration either occurring in connection with (i) a Bankruptcy Event
of Default, (ii) the Maturity Date or (iii) any Prohibited Transfer, in each case, with respect to any Unpaid Amounts then owed
by the Investor to the Company under the Investor Note and subject to such applicable Netting pursuant to the terms of the Investor
Note (such related aggregate amount of Restricted Principal (as defined in the Note) of the Note subject to such applicable Netting,
each an "Acceleration Amount"), the Company shall, without further notice to the Investor, Net an Acceleration
Amount of Restricted Principal owed by the Company to the Investor under the Note against an amount of Principal (as defined in
the Investor Note) then outstanding under the Investor Note equal to such Acceleration Amount.

 

 

 

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(c)              
Miscellaneous.

 

(i)       If
an Unpaid Amount is unascertainable, the Investor may, acting in a commercially reasonable manner, estimate the Unpaid Amount thereof
and Net in respect of the estimate, subject to accounting to the Company when the Unpaid Amount is ascertained. For the avoidance
of doubt, except with the written consent of the Investor to a different application of Netting against any Unpaid Amounts, in
the event of Optional Netting pursuant to paragraph (a) above, if Unpaid Amounts exist with respect to both the Notes and other
Underlying Agreements, the Netting shall be applied first to obligations under such other Underlying Agreements (until such obligations
are satisfied in full) and thereafter to obligations under the Notes.

 

(ii)       All
Netting provisions of the Investor Note, including without limitation the provisions set forth in Section 7 of the Investor Note,
are hereby incorporated in this Agreement and made a part hereof as if such provisions were set forth herein.

 

(iii)       The
right of Netting provided for in this Section 3 is in addition to but without duplication of, and not in limitation of, any other
right or remedy available to the Parties, whether arising under this Agreement or any Underlying Agreement, the Guarantee Agreement
(as defined in the Securities Purchase Agreement) or other Security Documents (as defined in the Securities Purchase Agreement),
or any other agreement, under applicable law, in equity, or otherwise. The Netting provided in this Section 3 shall be permitted
without regard to fair market value of the Note or the Investor Note at any given time of determination and without giving effect
to equitable subordination or any other condition effecting the rank or priority of any Obligations under any Underlying Agreement.

 

(iv)       The
Netting Party shall give the Other Party notice of any Netting pursuant to this Section 3, as soon as practicable thereafter, provided
that failure to give such notice shall not affect the validity of the Netting.

 

4.                 
Representations and Warranties. As of the later of (x) the Closing Date (as defined in the Securities Purchase Agreement)
and (y) the Closing Date (as defined in the Note Purchase Agreement) (such later date, the "Effective Date"),
each Party represents and warrants to the other Party that (i) it is duly organized, validly existing, and in good standing
under the laws of the jurisdiction of its incorporation, formation, or organization and any other jurisdictions where its activities
so require, except to the extent that the failure to be in good standing would not reasonably be expected to have a Material Adverse
Effect, has all necessary power and authority to execute and deliver this Agreement and to perform its obligations hereunder and
has taken all necessary actions to authorize such execution, delivery, and performance; (ii) the person signing this Agreement
on its behalf was duly authorized to do so on its behalf on the Effective Date; (iii) this Agreement and the Underlying Agreements
to which it is a party constitute its legal, valid, and binding obligations, enforceable against it in accordance with their terms,
subject to applicable bankruptcy, reorganization, insolvency, conservatorship, receivership, moratorium, or other similar laws
affecting creditors' rights generally and subject, as to enforceability, to equitable principles of general application (regardless
of whether enforcement is sought in a proceeding in equity or at law); (iv) its execution and delivery of this Agreement does not
contravene, or constitute a default under, any provision of applicable law or regulation (including, without limitation, any order,
decree, judgment, injunction, or other judicial or governmental restriction applicable to such Party or any portion of its assets)
or of the organizational documents of such Party, or of any material agreement, judgment, injunction, order, decree or other instrument
binding upon such Party or result in the creation or imposition of any lien on any asset of such Party other than as provided herein;
and (v) the jurisdiction of the Company's incorporation, formation, or organization and the location of its chief executive office
are correctly set forth in the Underlying Agreements.

 

 

 

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5.                 
Interpretation. The Parties intend that (a) this Agreement constitute and be deemed to be a "master netting agreement"
(or any substantially similar term) and that the Parties be deemed to be "master netting agreement participants" (or
any substantially similar term) within the meaning of, and as such terms are used in, any law, rule, regulation, statute, or order
applicable to the Parties' rights herein, whether now or hereafter enacted or made applicable, including, but not limited to, the
Bankruptcy Code at 11 U.S.C. §§ 101(25), 101(47), 101(53B), 741(7) and 761(4); and (b) all Netting effectuated pursuant
to this Agreement or any Underlying Agreement, be governed by the following Bankruptcy Code sections in the event of the bankruptcy
of either Party: (i) Sections 555, 556, 559 and 560; (ii) Section 362(b)(6), (7) and/or (17); (iii) Sections 546(e)-(g); and (iv)
Section 548(d)(2). The Parties also agree that such Netting contemplated hereunder or under any Underlying Agreement arise under
"securities contracts" and constitute "settlement payments" as set forth in Sections 101 and 741 of the Bankruptcy
Code. The Parties further intend that the Underlying Agreements constitute "securities contracts" as such term is defined
in the Bankruptcy Code. Moreover, with respect to any Underlying Agreement, each Party thereto constitutes a "stockbroker",
"financial institution" or "securities clearing agency" within the meaning of, and as such terms are used in
the Bankruptcy Code and/or any law, rule, regulation, statute, or order applicable to the Parties' rights herein, whether now or
hereafter enacted or made applicable.

 

6.                 
Conflicts and Inconsistencies. In the event of any conflict or inconsistency between any provision of this Agreement
and any provision of any Underlying Agreement concerning the matters set forth in this Agreement, the provisions of this Agreement
shall govern.

 

7.                 
Miscellaneous.

(a)              
Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or
conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application
of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit,
action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees
that such service shall constitute good and sufficient service of process and notice thereof. 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 TO, 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.

 

(b)              
Counterparts. 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 a portable document
format (.pdf) 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 signature page were an original
thereof.

 

(c)              
Headings; Gender. The headings of this Agreement are for convenience of reference and shall not form part of, or
affect the interpretation of, this Agreement. Unless the context clearly indicates otherwise, each pronoun herein shall be deemed
to include the masculine, feminine, neuter, singular and plural forms thereof. The terms "including," "includes,"
"include" and words of like import shall be construed broadly as if followed by the words "without limitation."
The terms "herein," "hereunder," "hereof" and words of like import refer to this entire Agreement
instead of just the provision in which they are found.

 

 

 

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(d)              
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. The Parties intend that this Agreement
be construed to give full effect to the intent of the Parties with respect to the Netting provisions contained herein. If any portion
of the Netting contemplated herein shall be in any respect deemed or held to be invalid, illegal, or unenforceable, all other provisions
of this Agreement shall survive.

 

(e)              
Amendments. No provision of this Agreement may be amended or waived other than by an instrument in writing signed
by the Company and the Investor.

 

(f)               
Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms
of this Agreement shall be governed by the provisions of Section 9(f) of the Securities Purchase Agreement.

 

(g)              
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns. No party may assign this Agreement or any rights or obligations hereunder without the prior written consent
of the other party.

 

(h)              
No Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person
(as defined in the Securities Purchase Agreement).

 

(i)                
Survival. The representations, warranties, agreements and covenants shall survive the Effective Date. The Investor
shall be responsible only for its own representations, warranties, agreements and covenants hereunder.

 

(j)                
Further Assurances. 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.

 

(k)              
Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

(l)                
No Waiver. A failure or delay in exercising any right, power, or privilege in respect of any Underlying Agreement
or this Agreement will not be presumed to operate as a waiver of that right, power, or privilege, and a single or partial exercise
of any right, power, or privilege will not be presumed to preclude any subsequent or further exercise of that right, power, or
privilege, or the exercise of any other right, power, or privilege.

 

(m)            
Term. This Agreement shall continue in effect from the Effective Date until terminated by agreement of the Parties
or, if earlier, such time as no Investor Note remains outstanding.

 

[Signature Page Follows]

 

 

 

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IN WITNESS WHEREOF,
the Investor and the Company have caused their respective signature page to this Master Netting Agreement to be duly executed as
of the date first written above.

 

	 	COMPANY:
	 	 
	 	
        GENIUS BRANDS INTERNATIONAL, INC.

         

         

         

        By:                                                                 

        Name:

        Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF,
the Investor and the Company have caused their respective signature page to this Master Netting Agreement to be duly executed as
of the date first written above.

 

	 	INVESTOR:
	 	 
	 	
        [INVESTOR]

         

         

         

        

        By:                                                                 

        Name:

        Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	7Exhibit 10.6

 

VOTING AGREEMENT

 

VOTING AGREEMENT, dated
as of March __, 2020 (this "Agreement"), by and between Genius Brands International, Inc., a Nevada corporation
(the "Company"), and the stockholder listed on the signature page hereto under the heading "Stockholder".

 

WHEREAS, the Company
and certain investors (each, an "Investor", and collectively, the "Investors") have entered into
a Securities Purchase Agreement, dated as of March __ 2020 (the "Securities Purchase Agreement"), pursuant to
which, among other things, the Company has agreed to issue and sell to the Investors and the Investors have agreed to purchase
(i) Senior Secured Convertible Notes which are convertible into shares of common stock of the Company, par value $0.001 per share
(the "Common Stock") and (ii) warrants, which are exercisable to purchase shares of Common Stock.

 

WHEREAS, as of the date
hereof, the Stockholder owns at least ________ shares of Common Stock, which represents at least ___% of the total issued and outstanding
capital stock of the Company; and

 

WHEREAS, as a condition
to the willingness of the Investors to enter into the Securities Purchase Agreement and to consummate the transactions contemplated
thereby (collectively, the "Transaction"), the Investors have required that the Stockholder agree, and in order
to induce the Investors to enter into the Securities Purchase Agreement, the Stockholder has agreed, to enter into this Agreement
with respect to all the Common Stock now owned and which may hereafter be acquired by the Stockholder prior to the date the Company
obtains Nasdaq Stockholder Approval (as defined in the Securities Purchase Agreement) (such date the “Stockholder Approval
Date”) and any other securities, if any, which the Stockholder is currently entitled to vote, or after the date hereof,
becomes entitled to vote prior to the Stockholder Approval Date, at any meeting of stockholders of the Company (the "Other
Securities").

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties
hereto hereby agree as follows:

 

1.                 
Voting Agreement. Subject to the last sentence of this Section 1.01, each Stockholder hereby agrees that at any meeting
of the stockholders of the Company, however called, and in any action by written consent of the Company's stockholders, the Stockholder
shall vote its shares of Common Stock and its Other Securities, if applicable: (a) in favor of the Nasdaq Stockholder Approval;
and (b) against any proposal or any other corporate action or agreement that would result in a breach of any covenant, representation
or warranty or any other obligation or agreement of the Company under the Securities Purchase Agreement or which could result in
any of the conditions to the Company's obligations under the Securities Purchase Agreement not being fulfilled, as determined in
good faith by the Company's officers or board of directors. The Stockholder acknowledges receipt and review of a copy of the Securities
Purchase Agreement and the other Transaction Documents (as defined in the Securities Purchase Agreement). The obligations of the
Stockholder under this Section 1.01 shall terminate on the date immediately following the Stockholder Approval Date.

 

 

 

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2.                 
Representations and Warranties of the Stockholder. The Stockholder hereby represents and warrants to each of the
Investors as follows:

 

(a)              
Authority Relative to This Agreement. The Stockholder has all necessary legal capacity, power and authority to execute
and deliver this Agreement and to perform his or its obligations hereunder. This Agreement has been duly executed and delivered
by such Stockholder and, assuming due authorization, execution and delivery of this Agreement by the Company, constitutes a legal,
valid and binding obligation of such Stockholder, enforceable against such Stockholder in accordance with its terms, except (a)
as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or
similar laws now or hereafter in effect relating to, or affecting generally the enforcement of creditors' and other obligees' rights,
(b) where the remedy of specific performance or other forms of equitable relief may be subject to certain equitable defenses and
principles and to the discretion of the court before which the proceeding may be brought, and (c) where rights to indemnity and
contribution thereunder may be limited by applicable law and public policy.

 

(b)              
No Conflict. The execution and delivery of this Agreement by the Stockholder does not, and the performance of this
Agreement by the Stockholder shall not, (i) conflict with or violate any federal, state or local law, statute, ordinance, rule,
regulation, order, judgment or decree applicable to such Stockholder or by which the Common Stock or the Other Securities owned
by the Stockholder are bound or affected or (ii) result in any breach of or constitute a default (or an event that 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, or result in the creation of a lien or encumbrance on any of the Common Stock or the Other Securities owned by
the Stockholder, if any, pursuant to, any note, bond, mortgage, indenture, contract, agreement, lease, license, permit, franchise
or other instrument or obligation to which the Stockholder is a party or by which the Stockholder or the Common Stock or Other
Securities owned by the Stockholder are bound.

 

(c)              
The execution and delivery of this Agreement by the Stockholder does not, and the performance of this Agreement by the Stockholder
shall not, require any consent, approval, authorization or permit of, or filing with or notification to, any governmental entity
by the Stockholder.

 

(d)              
Title to the Stock. As of the date hereof, the Stockholder is the owner of the number of shares of Common Stock set
forth opposite its name on Appendix A attached hereto, entitled to vote, without restriction, on all matters brought before
holders of capital stock of the Company, which shares of Common Stock represent on the date hereof the percentage of the outstanding
stock and voting power of the Company set forth on such Appendix. Such Common Stock are all the securities of the Company owned,
either of record or beneficially, by the Stockholder. Such shares of Common Stock are owned free and clear of all security interests,
liens, claims, pledges, options, rights of first refusal, agreements, limitations on the Stockholder's voting rights, charges and
other encumbrances of any nature whatsoever. The Stockholder has not appointed or granted any proxy, which appointment or grant
is still effective, with respect to its shares of Common Stock or Other Securities, if any, owned by the Stockholder.

 

 

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3.                 
Covenants. The Stockholder hereby covenants as follows:

 

(a)              
No Disposition or Encumbrance of Stock. The Stockholder hereby covenants and agrees that, until the Stockholder Approval
Date, except as contemplated by this Agreement, the Stockholder shall not offer or agree to sell, transfer, tender, assign, hypothecate
or otherwise dispose of, grant a proxy or power of attorney with respect to, or create or permit to exist any security interest,
lien, claim, pledge, option, right of first refusal, agreement, limitation on such Stockholder's voting rights (except for such
agreements or limitations that would not adversely affect the Stockholder's ability to perform its obligations under this Agreement),
charge or other encumbrance of any nature whatsoever ("Encumbrance") with respect to its shares of Common Stock
or Other Securities, directly or indirectly, initiate, solicit or encourage any person to take actions which could reasonably be
expected to lead to the occurrence of any of the foregoing; provided, however, that the Stockholder may assign, sell
or transfer any Common Stock or Other Securities provided that any such recipient of the Common Stock or Other Securities has delivered
to the Company a written agreement in form and substance substantially similar to this Agreement.

 

(b)              
Company Cooperation. The Company hereby covenants and agrees that it will not, and such Stockholder irrevocably and
unconditionally acknowledges and agrees that the Company will not (and waives any rights against the Company in relation thereto),
recognize any Encumbrance or agreement on any of the Common Stock or Other Securities subject to this Agreement unless the provisions
of Section 3.01 have been complied with.

 

4.                 
Miscellaneous.

 

(a)              
Further Assurances. The Stockholder will execute and deliver such proxies, powers of attorney and similar documents
and instruments and take all further action as may be reasonably necessary in order to consummate the transactions contemplated
by Section 1.01 hereof.

 

(b)              
Specific Performance. The parties hereto agree that irreparable damage would occur in the event any provision of
this Agreement was not performed in accordance with the terms hereof and that the Company shall be entitled to specific performance
of the terms hereof, in addition to any other remedy at law or in equity.

 

(c)              
Entire Agreement. This Agreement constitutes the entire agreement among the Company and the Stockholders with respect
to the subject matter hereof and supersedes all prior agreements and understandings, both written and oral, among the Company and
the Stockholders with respect to the subject matter hereof.

 

 

 

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(d)              
Amendment. The provisions of this Agreement may not be amended or waived, nor may this Agreement be terminated by
the Company other than pursuant to the provisions of Section 4.07.

 

(e)              
Severability. If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or
unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable
shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability
of such provision shall not affect the validity of the remaining provisions of this Agreement so long as this Agreement as so modified
continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited
nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations
or reciprocal obligations of the parties or the practical realization of the benefits that would otherwise be conferred upon the
parties. The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s)
with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

(f)               
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement
shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law
provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of
any jurisdictions other than the State of New York. The parties hereby agree that all actions or proceedings arising directly or
indirectly from or in connection with this Agreement shall be litigated only in the Supreme Court of the State of New York or the
United States District Court for the Southern District of New York located in New York County, New York. The parties consent to
the jurisdiction and venue of the foregoing courts and consent that any process or notice of motion or other application to any
of said courts or a judge thereof may be served inside or outside the State of New York or the Southern District of New York by
registered mail, return receipt requested, directed to the party being served at its address set forth on the signature ages to
this Agreement (and service so made shall be deemed complete three (3) days after the same has been posted as aforesaid) or
by personal service or in such other manner as may be permissible under the rules of said courts. Each of the Company and each
Stockholder irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the
laying of the venue of any such suit, action, or proceeding brought in such a court and any claim that suit, action, or proceeding
has been brought in an inconvenient forum. 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.

 

(g)              
Termination. This Agreement shall terminate on the date immediately following the Stockholder Approval Date. In the
event that (i) the Stockholder fully complies with its obligations pursuant to Sections 1.01, 3.01 and 4.01, and (ii) the Nasdaq
Stockholder Approval are obtained by the Company, then the Stockholder shall not have any further liability hereunder for any action,
failure to act, event, circumstance or condition, whether the same shall occur before or after the Stockholder Approval Date.

 

[Signature Page Follows]

 

 

 

    	 	4	 

     

    

 

 

IN WITNESS
WHEREOF, each Stockholder and the Company has duly executed this Agreement.

 

	 	 	
        THE COMPANY:

         

	 	 	GENIUS BRANDS INTERNATIONAL, INC.
	 	 	By:	 
	 	 	 	Name:  
	 	 	 	Title:    
	Dated: March __, 2020	 	 	 
	 	 	Address:	 
	 	 	 	 
	 	 	 	 	 

 

 

 

 

 

 

 

    	 	5	 

     

    

 

	 	 	STOCKHOLDER:
	 	 	
         

         

	 	 	Exact Name of Stockholder
	 	 	
         

         

         

	 	 	Authorized Signature
	 	 	
         

         

         

	 	 	Title
	 	 	 
	Dated:  March __, 2020	 	 
	 	 	Address:	 
	 	 	 	 

 

 

 

 

 

 

    	 	6	 

     

    

 

 

APPENDIX A

 

 

	Stockholder	
         

        Common Stock

        Owned

        
	Percentage of Stock 

Outstanding
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

    	 	7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]