Document:

CONSULTING
AGREEMENT

 

 

 

November
15, 2018

 

 

Stuart
Scheinman

Globe Photos, Inc.

6445 South Tenaya Dr.

Suite B-130

Las
Vegas, Nevada 89113

 

 

Dear
Mr. Scheinman:

 

This
will confirm our understanding of the arrangements made with Globe Photos, Inc. covering the consulting services Scott C. Black
will perform for Globe Photos, Inc (the "Company"), beginning November 15, 2018.

 

Mr.
Black will serve as Chief Legal Officer ("CLO") and will report directly to Mr. Stuart Scheinman and
the Board of Directors,
as appropriate. In this role, Mr. Black wilt have the responsibilities and authorities normally assigned to the office of the
CLO and as granted by the Company's Board of Directors.
In the event we both agree to a change in the scope of the services, this agreement will be amended accordingly.
You acknowledge that any change in scope or timeline may result
in a change in compensation.

 

In
consideration of Mr. Black agreeing to act as your CLO, you will provide him indemnification to the
fullest extent permitted by the
Company's by-laws and Nevada law. The Company must also obtain and maintain insurance to cover its officers and the Company agrees
to include Mr. Black under this
policy.

 

As
part of your team since 2014, and in recognition of CLO services provided since joining
the Company, Mr. Black is granted the option to purchase 7,500,000 Warrants of the Company's Common Stock, at $0.0001 par value
under the Company's 2018 Incentive Plan, and at an exercise price of $0.05 per share. The 7,500,000 will be 100% vested on the
date issued and exercisable on the day following with the warrants expiring Ten (10) years from the date of vesting.

 

The
Company understands that Mr. Black may consult with other companies, including CLO services,
and will may not be able to devote all his time to the legal demands of the Company, and that conflicts of interest may arise.
As a result, the Company understands that it will be required to disclose these facts to the public and further understands that
these conflicts have the potential to have a material adverse effect on the business.

 

Compensation
is based on the Company's current position as of the date of this letter, anticipated cooperation from your personnel, timely
responses to inquires; timely communication of all significant operational matters and the assumption unexpected circumstances
will not be encountered during the engagement.

 

This
agreement may be terminated by either party at any time with or without cause by giving written notice to the other party of at
least thirty (30) days.

 

    	 		 

    	 

    

 

Mr.
Black retains the right to suspend or terminate service in the event of nonpayment. Services
will not be resumed until your
account is paid as agreed. If we elect to terminate our services for nonpayment, our engagement will be deemed to have been completed.

 

Mr.
Black appreciates the opportunity to be of service and believes this letter accurately summarizes the significant terms of our
engagement. If you have any questions, please let me know.

 

If
you agree with the terms of our engagement as described in this letter, please sign and return the letter to me.

 

Best
Regards,

 

/s/
Scott C. Black

Scott
C. Black

 

 

 

Agreed
to by: 

 

/s/
Stuart Scheinman

Stuart
Scheinman, CEO

Globe
Photos, Inc.

 

November
15, 2018

Date

    	 	2UPDATE
-- Globe Photos Makes Senior Leadership Appointments for Interim CFO and Chief Legal Officer

 

LAS
VEGAS, Nov. 06, 2018 (GLOBE NEWSWIRE) -- Globe Photos, Inc. (OTCQB: GBPT), a leader in iconic pop culture imagery and sale of
licensed sports photography, has appointed Shamar Tobias as the company’s interim chief financial officer.

 

Tobias
succeeds Scott C. Black who has been appointed to the new position of chief legal officer. Black, a former U.S. Army Judge Advocate
General, will continue to serve as the company’s secretary and treasurer, as well as on its board of directors.

 

“These
executive appointments better position us for the execution of our growth strategy, including aggressively taking advantage of
the growing demand for pop culture imagery and sports memorabilia,” said Globe Photos CEO, Stuart Scheinman. “This
also includes preparations for our planned up listing to Nasdaq, with Shamar bringing many years of experience as co-founder of
an accounting firm that serves public companies.”

 

“We
are especially grateful to Scott for supporting our growth over the last two years as our CFO, as we emerge from our development
phase with the recent asset acquisition of Photo File and the launch of a new national sales and marketing campaign,” continued
Scheinman. “Given the tremendous unrealized value of our collection of sports and pop culture imagery, and the essential
need to protect our IP as we take it to market, we look forward to benefiting from Scott’s exceptional legal experience,
knowledge and abilities in this very important role as our new chief legal officer.”

 

Last
week the company announced the appointment of Mark Lanier to its board of directors. As a new independent member, the appointment
advances the company toward satisfying Nasdaq listing requirements. Additional appointments of independent members are expected
to follow.

 

Scott
C. Black Bio

Before
joining Globe Photos in 2014 Scott C. Black served as vice president and general manager of BAE Systems, where he was responsible
for BAE’s Global Mission Solutions business unit and its more than $300 million in annual revenue.

 

Prior
to BAE, he served as Lieutenant General of the U.S. Army, where he had a distinguished 35-year career of service, rising to serve
as the Army’s 37th Judge Advocate General. In this role, General Black directed a legal services organization
of more than 10,000 lawyers and paralegals, both soldiers and civilians, who were deployed around the world in 650 offices in
19 countries. He also served as the legal advisor to the Secretary of the Army, the Army Chief of Staff, and all Army Staff principals.
He was responsible for all military justice operations, including legal support for contracting, ethics, and environmental programs,
and supervising the training and deployment of Rule of Law and Governance Advisors around the world.

 

Earlier
he served as commanding general and commandant of the Judge Advocate General's Legal Center and School in Charlottesville, Virginia,
and as the Assistant Judge Advocate General for Military Law and Operations in the Pentagon. His past positions include chief
counsel for the Secretary of the Army’s Congressional Liaison Office, Staff Judge Advocate (General Counsel) for the Army’s
Fifth Corps in Germany, and assistant counsel to the President in the White House.

 

    	 		 

    	 

    

 

He
received his bachelor’s degree in political science from California Polytechnic State University and a Juris Doctor from
the California Western School of Law. He also holds a Master’s Degree in National Resource Strategy from the Industrial
College of the Armed Forces, National Defense University.  

 

His
numerous awards include the Distinguished Service Medal, the Legion of Merit with Oak Leaf Cluster, and the Meritorious Service
Medal with four Oak Leaf Clusters. He is also entitled to wear the Parachutist Badge, the Ranger Tab, and the Army Staff Identification
Badge.

 

Shamar
Tobias Bio

Shamar
Tobias co-founded and serves as managing partner of Blue Chip Accounting, LLC, a certified public accounting and consulting firm
located in Henderson, Nevada, where he provides financial consulting for several companies in the public and private sectors.
 Earlier, he served as a consulting partner at a PCAOB, a registered accounting firm also located in Henderson, Nevada.

 

Tobias
holds a Bachelor of Science in Accounting and a Master of Accountancy from the University of Nevada, Las Vegas. He also holds
a Certified Public Accountant designation in the State of Nevada.

 

About
Globe Photos

Globe
Photos is the owner to one of the world’s largest collections of iconic pop culture imagery library, which includes more
than 10 million images taken by more than 3,500 photographers from around the world over the last century. The collection features
iconic personalities and unforgettable moments from the worlds of entertainment, sports, history and politics. For more information,
visit www.globephotos.com.

 

The
company’s new Photo File division currently holds licenses with the NFL, NBA, MLB, NHL, and major colleges including Alabama,
Clemson, Ohio State and others, to produce sports prints, lithographs and other related items. Photo File is also licensed by
thousands of additional individuals and organizations, including Babe Ruth, Joe Namath, Vince Lombardi, and others. For more information
about Photo File, Inc., visit www.photofile.com.

 

Important
Cautions Regarding Forward Looking Statements

This
press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended,
and such as in section 21E of the Securities Act of 1934, as amended. These forward-looking statements should not be used to make
an investment decision. The words 'estimate,' 'possible' and 'seeking' and similar expressions identify forward-looking statements,
which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any
forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties
to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition
and other material risks.

 

Company
Contact

Stuart Scheinman

President & CEO

Globe Photos, Inc.

Tel (702) 722-6113

info@globephotos.com

 

Media
& Investor Relations Contact: 

Ronald Both

CMA   

Tel (949) 432-7566

GBPT@cma.team

 

    	 	2

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