Document:

Exhibit 10.1

 

AMENDMENT
NO. 2 OF NOTES AGREEMENT

 

This
Amendment No. 2 of Notes Agreement (this “Agreement”), dated as of July 6, 2022 and effective as of the same date
(the “Effective Date”), is entered into between LiveOne, Inc., a Delaware corporation (the “Company”),
and Harvest Small Cap Partners, L.P., a Delaware limited partnership (the “Noteholder”). Capitalized terms used in
this Agreement but not defined herein have the meanings ascribed to them in the Securities Purchase Agreement, dated as of July 2, 2020,
as amended on July 30, 2020 (the “SPA”), between the Company and No Street Capital LLC, a Delaware limited liability
company, pursuant to which the Note was issued to the Noteholder.

 

Recitals

 

WHEREAS,
the Company and the Noteholder entered into that certain 8.5% Senior Secured Convertible Note in the aggregate amount of $4,496,035
(the “Note”) originally issued on September 15, 2020 and amended on June 3, 2021; and

 

WHEREAS,
the Company and the Noteholder desire to (i) amend the Note, (ii) extend the maturity date of the Note and (iii) agree to certain
other terms as set forth herein.

 

Agreement

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements herein contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by each of the parties, the parties mutually agree as follows:

 

A. Maturity
Date. The maturity date of the Note shall be extended to June 3, 2024.

 

B. Interest
Payments. The quarterly interest payment due to Noteholder for the fiscal quarter ended June 30, 2022 (the “June Interest
Payment”) shall be paid by the Company to Noteholder no later than July 18, 2022; provided that if the Company does not pay
the June Interest Payment by July 18, 2022, the Company shall pay the default interest rate set forth in the Note and an additional $50,000
shall be added to the accrued interest as a penalty. The quarterly interest payment due to Noteholder for the fiscal quarter ending September
30, 2022 shall be due and payable at the same time as the quarterly interest payment due and payable to Noteholder for the fiscal quarter
ending December 31, 2022.

 

C. Free
Cash Restriction. The amount of Free Cash (as such term is defined in the Note) required under Section 6(c) of the Note shall be
as follows with no other changes to Section 6(c): (i) $7,000,000 from the date hereof through December 31, 2022 (inclusive), (ii) $8,000,000
from January 1, 2023 and until June 30, 2023 (inclusive), and (iii) $10,000,000 from July 1, 2023 and until the Note is repaid in full
at its maturity date of June 3, 2024; provided, that in the event that the Note is repaid or prepaid by the Company, the amount of Free
Cash required under Section 6(c) of the Note shall be then permanently reduced to the amount equal to the product of (x) (A) the aggregate
principal amount of the Note then outstanding, plus (B) the aggregate principal amount of the Company’s 8.5% Senior Secured Convertible
Note in the aggregate amount of $10,503,965, originally issued to Harvest Small Cap Partners Master, Ltd. (the “Harvest Ltd.”)
on September 15, 2020, then outstanding, multiplied by (y) two-thirds (2/3);

 

    

     

    

 

D. Prepayment.
The Company shall have the right to pay any or all of the Note and accrued interest on the amount so paid at any time without any repayment/prepayment
penalties and without the written consent of the Noteholder, provided, that the Company shall give the Noteholder at least five (5) days
prior written notice of any such prepayment or repayment (email sent to the notice set forth in the SPA shall suffice);

 

E. Potential
Share Issuances and Adjustments. (i) If at least $1,498,678 of the original principal amount of the Note is not repaid by the Company
on or prior to January 1, 2023, the Conversion Price (as defined in the Note) shall be amended to $3.00 per share, and the Company shall
issue to the Noteholder, as soon as practicable after January 1, 2023 and no later than January 5, 2023, an additional 74,934 shares
of the Company’s restricted common stock, $0.001 par value per share (the “Common Stock”); (ii) if at least
$2,248,018 of the original principal amount of the Note is not repaid by the Company on or prior to June 30, 2023, the Conversion Price
shall be further amended to $2.50 per share, and the Company shall then issue to the Noteholder, as soon as practicable after June 30,
2023 and no later than July 5, 2023, an additional 149,868 shares of Common Stock; and (iii) if the entire principal amount of the Note
then outstanding is not repaid by the Company on or prior to January 1, 2024, the Conversion Price shall be further amended to $2.25
per share, and the Company shall then issue to the Noteholder, as soon as practicable after January 1, 2024 and no later than January
5, 2024, an additional 224,802 shares of Common Stock.

 

F. Repayment
Upon Financing. If after the date hereof and while the Note is outstanding the Company or any of its subsidiaries (including, without
limitation, Courtside Group, Inc. (dba PodcastOne)) (“PC1”) completes an equity or debt financing (other than the
Current PCI Financing (defined below) but only to the extent the Current PCI Financing occurs in July 2022) in the amount of $10 million
or greater (a “Financing”), the Note repayments shall be paid in cash by the Company to the Noteholder as follows:
(i) a Financing that raises between $10 million and $20 million shall require a minimum repayment equal to the lower of (x) the then
outstanding principal amount of and accrued and unpaid interest under the Note or (y) $299,736; (ii) a Financing that raises more than
$20 million and less than $30 million shall require a minimum repayment equal to the lower of (x) the then outstanding principal amount
of and accrued and unpaid interest under the Note or (y) $1,498,678; (iii) a Financing that raises more than $30 million and less than
$35 million shall require a minimum repayment equal to the lower of (x) the then outstanding principal amount of and accrued and unpaid
interest under the Note or (y) $2,997,357; and (iv) a Financing that raises more than $35 million shall require a minimum repayment equal
to the then outstanding principal amount of and accrued and unpaid interest under the Note. Notwithstanding anything else herein to the
contrary, upon any such Financing, the Company shall repay a portion of the Note equal to an amount equal to ten percent (10%) of the
amount raised in the Financing. Such repayment shall be made to Noteholder within five (5) business days of the closing of the Financing.

 

G. PCI
Financing. If requested by the Company on or prior to July 31, 2022, the Noteholder will in good faith consider entering into the
PC1 bridge financing consent, substantially in the form of Exhibit A attached hereto, and with such changes as the Noteholder
and the Company shall mutually reasonably agree (the “Current PCI Financing”).

 

    2

     

    

 

H. PCI
Earnout. The Company shall settle in cash and/or equity of the Company or otherwise extend to July 2024 the $3 million earn-out payment
that may be due under the Stock Purchase Agreement, dated as of May 7, 2020, among the Company, PC1, LiveXLive PodcastOne, Inc., the
persons identified as “Sellers” on the signature pages thereto, and Norman Pattiz, as the representative of the Sellers.

 

I. CEO.
If at any time that the Note is outstanding Robert S. Ellin ceases to be the Company’s Chief Executive Officer and unless an equally
or better qualified CEO, as determined by the majority of the Company’s then-independent directors, is appointed in connection
with or on or prior to the (i) 30th day (inclusive) after the effective date on which Mr. Ellin ceases to serve in such capacity,
the Company shall repay the following amount of the Note equal to the lower of (x) the then outstanding principal amount of and accrued
and unpaid interest under the Note or (y) $1,498,678; and (ii) 91st day (not inclusive) after the effective date on which
Mr. Ellin ceases to serve in such capacity, the Company shall repay the following amount of the Note equal to the lower of (x) the then
outstanding principal amount of and accrued and unpaid interest under the Note or (y) $2,997,357.

 

J. Additional
Share Issuance and Rule 144. In consideration of the Noteholder agreeing to the terms of this Agreement, the Company agrees to issue
to the Noteholder 149,868 restricted shares of Common Stock. The Company hereby agrees to provide Noteholder all information necessary
for the Noteholder to have freely-tradeable shares after the six (6) month lockup period expires, including an opinion of counsel, within
48 business hours from the date the six-month lockup period expires, subject to the Noteholder providing to the Company and its legal
counsel and transfer agent such documentation as they shall reasonably request. The Company represents and warrants that any and all
shares of Common Stock issued or issuable hereunder will be duly authorized, non-assessable, fully paid and not subject to preemptive
or other similar rights.

 

K. Stock
Splits. Any and all share and conversion amounts and conversion price numbers set forth in this Agreement shall be proportionately
adjusted as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise of the Company.

 

L. Trinad
Capital. In consideration of the Noteholder agreeing to the terms of this Agreement, Trinad Capital Master Fund Ltd. (“Trinad
Capital”) agrees to extend the maturity date of all of the Company’s currently outstanding 8.5% unsecured convertible
notes issued to Trinad Capital to July 1, 2024. The Company represents and warrants that the unsecured convertible note set forth in
this Section L, plus any accrued and unpaid interest thereunder, represents all amounts due to Trinad Capital by the Company or any of
its subsidiaries as of the date hereof.

 

M. EWB
Consent. The effectiveness of this Agreement (including, without limitation, Section L) is subject to the consent of East West Bank
to be obtained by the Company as soon as possible after the date hereof, on terms reasonably satisfactory to Noteholder, but no later
than seven (7) business days after the full execution of this Agreement, for the additional share issuances, interest payment dates,
maturity dates (for each of the Noteholder, Harvest Ltd. and Trinad Capital) extension and revised Free Cash restrictions set forth herein
(the “EWB Consent”). Such date on which the EWB Consent is obtained, if any, shall be referred to herein as the “Effective
Date”. Any and all future payments, prepayments or share issuances required or agreed to be made pursuant to this Agreement shall
be subject to the prior written consent of East West Bank and the Company hereby agrees to use commercially reasonable efforts to obtain
such consent.

 

    3

     

    

 

N. MNPI.
Noteholder shall be deemed to be in possession of material non-public information regarding the transactions contemplated by this Agreement
until 5:30 pm ET on the fourth (4th) business day following the Effective Date, by which time, assuming this Agreement is
executed by the parties hereto and EWB Consent is obtained, the Company shall be required to publicly disclose the material terms of
this Amendment, or if such information is no longer deemed material non-public information as confirmed in writing (email shall suffice)
by the Company to the Noteholder on or prior to such date; provided that in the event that the Company does not make the disclosures
set forth in this Section, the Noteholder is authorized to make any such disclosures deemed reasonably necessary by the Noteholder to
ensure that any such information is no longer deemed material non-public information and such disclosure by the Noteholder shall not
be a breach of any of Noteholder’s confidentiality obligations to the Company.

 

O. Accredited
Investor Representation & Legends. The Noteholder represents and warrants to the Company that the Noteholder is an “accredited
investor” as that term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the
“Act”). The Company and the Noteholder agree that except as set forth herein all certificates or book entry statements
representing any shares of Common Stock which at any time are required to be issued pursuant to the provisions of this Agreement shall
have endorsed upon them standard legends representing restrictions on transfer applicable under the Act.

 

P. Miscellaneous.
Each party represents and warrants to the other party that such first party has full power and authority to enter into this Agreement,
and such agreement constitutes his valid and legally binding obligation, enforceable in accordance with its terms, except (i) as limited
by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’
rights generally, (ii) as limited bylaws 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. Except as set forth herein, the Company
hereby ratifies and reaffirms the Notes which shall remain in full force and effect. Except as set forth herein, this Agreement is not
a novation and the terms and conditions of this Agreement shall be in addition to and supplemental to all terms and conditions set forth
in the Notes. In the event of any conflict or inconsistency between this Agreement and the terms of the Notes, the terms of this Agreement
shall be controlling, but the Notes and the Transaction Documents shall not otherwise be affected or the rights therein impaired. This
Agreement, the Note and the Transaction Documents represent the entire agreement about this subject matter and supersede prior negotiations
or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject
matter of Agreement, the Note and the Transaction Documents merge into this Agreement and the Notes. This Agreement and the rights and
obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of Delaware, without regard
to its conflicts of laws rules or provisions. The parties agree to take all such further action(s) as may reasonably be necessary to
carry out the transactions contemplated hereunder as soon as practicable. This Agreement shall inure to the benefit of and shall be binding
on and shall be enforceable by the parties and their respective, successors and permitted assigns. Each provision of this Agreement is
severable from every other provision in determining the enforceability of any provision.

 

Q. Legal
Fees. The Company agrees to pay, within two business days of the date of this Agreement, all of the Noteholders legal fees related
to this Agreement.

 

R. Counterparts.
This Agreement may be executed in one or more counterparts and by the parties in separate counterparts, each of which when executed shall
be deemed to be an original, but all of which when taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this
Agreement.

 

[Signature
page follows]

 

    4

     

    

 

The
parties agree for and on behalf of their respective party as of the first date written above.

 

	 	COMPANY:
	 	 	 
	 	LiveOne, Inc.
	 	 	 
	 	By:	/s/ Robert S. Ellin
	 	Name:	Robert S. Ellin
	 	Title:	CEO and Chairman
	 	 	 
	 	Signed: 	July 7, 2022
	 	 	 
	 	NOTEHOLDER:
	 	 	 
	 	Harvest Small Cap Partners, L.P. 
	 	 	 
	 	By:	/s/ Jeff Osher
	 	Name: 	Jeff Osher
	 	Title:	Managing Member
	 	 	 
	 	Signed:	July 7, 2022

 

Solely
with respect to Section L of

this
Agreement, the undersigned 

agrees
and acknowledges as of 

the
first date written above:

 

Trinad
Capital Master Fund, Ltd. 

 

	By:	/s/ Robert
    S. Ellin	 
	Name:	Robert S. Ellin	 
	Title:	Managing Director and Portfolio
    Manager	 
	 	 	 
	Signed: 	July 7, 2022	 

 

 

5Exhibit 10.2

 

AMENDMENT NO. 2 OF NOTES AGREEMENT

 

This Amendment No. 2 of Notes
Agreement (this “Agreement”), dated as of July 6, 2022 and effective as of the same date (the “Effective Date”),
is entered into between LiveOne, Inc., a Delaware corporation (the “Company”), and Harvest Small Cap Partners Master,
Ltd., a company organized under the laws of Cayman Islands (the “Noteholder”). Capitalized terms used in this Agreement
but not defined herein have the meanings ascribed to them in the Securities Purchase Agreement, dated as of July 2, 2020, as amended on
July 30, 2020 (the “SPA”), between the Company and No Street Capital LLC, a Delaware limited liability company, pursuant
to which the Note was issued to the Noteholder.

 

Recitals

 

WHEREAS, the Company
and the Noteholder entered into that certain 8.5% Senior Secured Convertible Note in the aggregate amount of $10,503,965 (the “Note”)
originally issued on September 15, 2020 and amended on June 3, 2021; and

 

WHEREAS, the Company
and the Noteholder desire to (i) amend the Note, (ii) extend the maturity date of the Note and (iii) agree to certain other terms as set
forth herein.

 

Agreement

 

NOW THEREFORE, in consideration
of the mutual covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by each of the parties, the parties mutually agree as follows:

 

A. Maturity
Date. The maturity date of the Note shall be extended to June 3, 2024.

 

B. Interest
Payments. The quarterly interest payment due to Noteholder for the fiscal quarter ended June 30, 2022 (the “June Interest
Payment”) shall be paid by the Company to Noteholder no later than July 18, 2022; provided that if the Company does not pay
the June Interest Payment by July 18, 2022, the Company shall pay the default interest rate set forth in the Note and an additional $50,000
shall be added to the accrued interest as a penalty. The quarterly interest payment due to Noteholder for the fiscal quarter ending September
30, 2022 shall be due and payable at the same time as the quarterly interest payment due and payable to Noteholder for the fiscal quarter
ending December 31, 2022.

 

C. Free
Cash Restriction. The amount of Free Cash (as such term is defined in the Note) required under Section 6(c) of the Note shall be as
follows with no other changes to Section 6(c): (i) $7,000,000 from the date hereof through December 31, 2022 (inclusive), (ii) $8,000,000
from January 1, 2023 and until June 30, 2023 (inclusive), and (iii) $10,000,000 from July 1, 2023 and until the Note is repaid in full
at its maturity date of June 3, 2024; provided, that in the event that the Note is repaid or prepaid by the Company, the amount of Free
Cash required under Section 6(c) of the Note shall be then permanently reduced to the amount equal to the product of (x) (A) the aggregate
principal amount of the Note then outstanding, plus (B) the aggregate principal amount of the Company’s 8.5% Senior Secured Convertible
Note in the aggregate amount of $4,496,035, originally issued to Harvest Small Cap Partners, L.P. (the “Harvest LP”)
on September 15, 2020, then outstanding, multiplied by (y) two-thirds (2/3);

 

    

     

    

 

D. Prepayment.
The Company shall have the right to pay any or all of the Note and accrued interest on the amount so paid at any time without any repayment/prepayment
penalties and without the written consent of the Noteholder, provided, that the Company shall give the Noteholder at least five (5) days
prior written notice of any such prepayment or repayment (email sent to the notice set forth in the SPA shall suffice);

 

E. Potential
Share Issuances and Adjustments. (i) If at least $3,501,322 of the original principal amount of the Note is not repaid by the Company
on or prior to January 1, 2023, the Conversion Price (as defined in the Note) shall be amended to $3.00 per share, and the Company shall
issue to the Noteholder, as soon as practicable after January 1, 2023 and no later than January 5, 2023, an additional 175,066 shares
of the Company’s restricted common stock, $0.001 par value per share (the “Common Stock”); (ii) if at least $5,251,982
of the original principal amount of the Note is not repaid by the Company on or prior to June 30, 2023, the Conversion Price shall be
further amended to $2.50 per share, and the Company shall then issue to the Noteholder, as soon as practicable after June 30, 2023 and
no later than July 5, 2023, an additional 350,132 shares of Common Stock; and (iii) if the entire principal amount of the Note then outstanding
is not repaid by the Company on or prior to January 1, 2024, the Conversion Price shall be further amended to $2.25 per share, and the
Company shall then issue to the Noteholder, as soon as practicable after January 1, 2024 and no later than January 5, 2024, an additional
525,198 shares of Common Stock.

 

F. Repayment
Upon Financing. If after the date hereof and while the Note is outstanding the Company or any of its subsidiaries (including, without
limitation, Courtside Group, Inc. (dba PodcastOne)) (“PC1”) completes an equity or debt financing (other than the Current
PCI Financing (defined below) but only to the extent the Current PCI Financing occurs in July 2022) in the amount of $10 million or greater
(a “Financing”), the Note repayments shall be paid in cash by the Company to the Noteholder as follows: (i) a Financing
that raises between $10 million and $20 million shall require a minimum repayment equal to the lower of (x) the then outstanding principal
amount of and accrued and unpaid interest under the Note or (y) $700,264; (ii) a Financing that raises more than $20 million and less
than $30 million shall require a minimum repayment equal to the lower of (x) the then outstanding principal amount of and accrued and
unpaid interest under the Note or (y) $3,501,322; (iii) a Financing that raises more than $30 million and less than $35 million shall
require a minimum repayment equal to the lower of (x) the then outstanding principal amount of and accrued and unpaid interest under the
Note or (y) $7,002,643; and (iv) a Financing that raises more than $35 million shall require a minimum repayment equal to the then outstanding
principal amount of and accrued and unpaid interest under the Note. Notwithstanding anything else herein to the contrary, upon any such
Financing, the Company shall repay a portion of the Note equal to an amount equal to ten percent (10%) of the amount raised in the Financing.
Such repayment shall be made to Noteholder within five (5) business days of the closing of the Financing.

 

G. PCI
Financing. If requested by the Company on or prior to July 31, 2022, the Noteholder will in good faith consider entering into the
PC1 bridge financing consent, substantially in the form of Exhibit A attached hereto, and with such changes as the Noteholder and
the Company shall mutually reasonably agree (the “Current PCI Financing”).

 

    2

     

    

 

H. PCI
Earnout. The Company shall settle in cash and/or equity of the Company or otherwise extend to July 2024 the $3 million earn-out payment
that may be due under the Stock Purchase Agreement, dated as of May 7, 2020, among the Company, PC1, LiveXLive PodcastOne, Inc., the persons
identified as “Sellers” on the signature pages thereto, and Norman Pattiz, as the representative of the Sellers.

 

I. CEO.
If at any time that the Note is outstanding Robert S. Ellin ceases to be the Company’s Chief Executive Officer and unless an equally
or better qualified CEO, as determined by the majority of the Company’s then-independent directors, is appointed in connection with
or on or prior to the (i) 30th day (inclusive) after the effective date on which Mr. Ellin ceases to serve in such capacity,
the Company shall repay the following amount of the Note equal to the lower of (x) the then outstanding principal amount of and accrued
and unpaid interest under the Note or (y) $3,501,322; and (ii) 91st day (not inclusive) after the effective date on which Mr.
Ellin ceases to serve in such capacity, the Company shall repay the following amount of the Note equal to the lower of (x) the then outstanding
principal amount of and accrued and unpaid interest under the Note or (y) $7,002,643.

 

J. Additional
Share Issuance and Rule 144. In consideration of the Noteholder agreeing to the terms of this Agreement, the Company agrees to issue
to the Noteholder 350,132 restricted shares of Common Stock. The Company hereby agrees to provide Noteholder all information necessary
for the Noteholder to have freely-tradeable shares after the six (6) month lockup period expires, including an opinion of counsel, within
48 business hours from the date the six-month lockup period expires, subject to the Noteholder providing to the Company and its legal
counsel and transfer agent such documentation as they shall reasonably request. The Company represents and warrants that any and all shares
of Common Stock issued or issuable hereunder will be duly authorized, non-assessable, fully paid and not subject to preemptive or other
similar rights.

 

K. Stock
Splits. Any and all share and conversion amounts and conversion price numbers set forth in this Agreement shall be proportionately
adjusted as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise of the Company.

 

L. Trinad
Capital. In consideration of the Noteholder agreeing to the terms of this Agreement, Trinad Capital Master Fund Ltd. (“Trinad
Capital”) agrees to extend the maturity date of all of the Company’s currently outstanding 8.5% unsecured convertible
notes issued to Trinad Capital to July 1, 2024. The Company represents and warrants that the unsecured convertible note set forth in this
Section L, plus any accrued and unpaid interest thereunder, represents all amounts due to Trinad Capital by the Company or any of its
subsidiaries as of the date hereof.

 

M. EWB
Consent. The effectiveness of this Agreement (including, without limitation, Section L) is subject to the consent of East West Bank
to be obtained by the Company as soon as possible after the date hereof, on terms reasonably satisfactory to Noteholder, but no later
than seven (7) business days after the full execution of this Agreement, for the additional share issuances, interest payment dates, maturity
dates extension (for each of the Noteholder, Harvest LP and Trinad Capital) and revised Free Cash restrictions set forth herein (the “EWB
Consent”). Such date on which the EWB Consent is obtained, if any, shall be referred to herein as the “Effective Date”.
Any and all future payments, prepayments or share issuances required or agreed to be made pursuant to this Agreement shall be subject
to the prior written consent of East West Bank and the Company hereby agrees to use commercially reasonable efforts to obtain such consent.

 

    3

     

    

 

N. MNPI.
Noteholder shall be deemed to be in possession of material non-public information regarding the transactions contemplated by this Agreement
until 5:30 pm ET on the fourth (4th) business day following the Effective Date, by which time, assuming this Agreement is executed
by the parties hereto and EWB Consent is obtained, the Company shall be required to publicly disclose the material terms of this Amendment,
or if such information is no longer deemed material non-public information as confirmed in writing (email shall suffice) by the Company
to the Noteholder on or prior to such date; provided that in the event that the Company does not make the disclosures set forth in this
Section, the Noteholder is authorized to make any such disclosures deemed reasonably necessary by the Noteholder to ensure that any such
information is no longer deemed material non-public information and such disclosure by the Noteholder shall not be a breach of any of
Noteholder’s confidentiality obligations to the Company.

 

O. Accredited
Investor Representation & Legends. The Noteholder represents and warrants to the Company that the Noteholder is an “accredited
investor” as that term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the “Act”).
The Company and the Noteholder agree that except as set forth herein all certificates or book entry statements representing any shares
of Common Stock which at any time are required to be issued pursuant to the provisions of this Agreement shall have endorsed upon them
standard legends representing restrictions on transfer applicable under the Act.

 

P. Miscellaneous.
Each party represents and warrants to the other party that such first party has full power and authority to enter into this Agreement,
and such agreement constitutes his valid and legally binding obligation, enforceable in accordance with its terms, except (i) as limited
by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’
rights generally, (ii) as limited bylaws 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. Except as set forth herein, the Company
hereby ratifies and reaffirms the Notes which shall remain in full force and effect. Except as set forth herein, this Agreement is not
a novation and the terms and conditions of this Agreement shall be in addition to and supplemental to all terms and conditions set forth
in the Notes. In the event of any conflict or inconsistency between this Agreement and the terms of the Notes, the terms of this Agreement
shall be controlling, but the Notes and the Transaction Documents shall not otherwise be affected or the rights therein impaired. This
Agreement, the Note and the Transaction Documents represent the entire agreement about this subject matter and supersede prior negotiations
or agreements. All prior agreements, understandings, representations, warranties, and negotiations between the parties about the subject
matter of Agreement, the Note and the Transaction Documents merge into this Agreement and the Notes. This Agreement and the rights and
obligations of the parties hereto shall be governed by and construed in accordance with the laws of the State of Delaware, without regard
to its conflicts of laws rules or provisions. The parties agree to take all such further action(s) as may reasonably be necessary to carry
out the transactions contemplated hereunder as soon as practicable. This Agreement shall inure to the benefit of and shall be binding
on and shall be enforceable by the parties and their respective, successors and permitted assigns. Each provision of this Agreement is
severable from every other provision in determining the enforceability of any provision.

 

Q. Legal
Fees. The Company agrees to pay, within two business days of the date of this Agreement, all of the Noteholders legal fees related
to this Agreement.

 

R. Counterparts.
This Agreement may be executed in one or more counterparts and by the parties in separate counterparts, each of which when executed shall
be deemed to be an original, but all of which when taken together shall constitute one and the same agreement. Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be effective as delivery of a manually executed counterpart of this
Agreement.

 

[Signature page follows]

 

    4

     

    

 

The parties agree for and
on behalf of their respective party as of the first date written above.

 

	 	COMPANY:
	 	 
	 	LiveOne, Inc.
	 	 	 
	 	By:	/s/ Robert
    S. Ellin
	 	Name:  	Robert S. Ellin
	 	Title:	CEO and Chairman
	 	 	 
	 	Signed: July 7, 2022

 

	 	NOTEHOLDER:
	 	 
	 	Harvest Small Cap Partners Master, Ltd. 
	 	 	 
	 	By:	/s/ Jeff
    Osher
	 	Name:	Jeff Osher
	 	Title: 	Managing Member
	 	 	 
	 	Signed: July 7, 2022

 

Solely with respect to Section L of

this Agreement, the undersigned 

agrees and acknowledges as of 

the first date written above:

 

Trinad Capital Master Fund, Ltd. 

 

	By:	/s/
    Robert S. Ellin	 
	Name: 	Robert S. Ellin	 
	Title:	Managing Director and Portfolio Manager	 
	 	 	 
	Signed: July 7, 2022

 

 

5

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