Document:

Exhibit
10.63

 

TheMaven,
inc.

2019
Equity Incentive Plan

 

Option
Agreement

(Incentive
Stock Option or Nonstatutory Stock Option)

 

Pursuant
to your Stock Option Grant Notice (“Grant Notice”) and this Option Agreement, TheMaven, Inc. (the “Company”)
has granted you an option under its 2019 Equity Incentive Plan (the “Plan”) to purchase the number of shares
of the Company’s Common Stock indicated in your Grant Notice at the exercise price indicated in your Grant Notice. Defined terms
not explicitly defined in this Option Agreement but defined in the Plan have the same definitions as in the Plan.

 

The
details of your option are as follows:

 

1.
Vesting. Subject to the limitations contained herein, your option will vest as provided
in your Grant Notice. Unless otherwise specified in your Grant Notice, vesting will cease upon the termination of your Continuous Service.

 

2.
Number of Shares and Exercise Price. The number of shares of Common Stock subject
to your option and your exercise price per share are specified in your Grant Notice, and may be adjusted from time to time for Capitalization
Adjustments.

 

3.
Exercise Restriction for Non-Exempt Employees. In the event that you are an Employee
eligible for overtime compensation under the Fair Labor Standards Act of 1938, as amended, you may not exercise your option until you
have completed at least six (6) months of Continuous Service measured from the Date of Grant specified in your Grant Notice, notwithstanding
any other provision of your option. 

 

4.
Exercise prior to Vesting (“Early Exercise”). If permitted in your Grant
Notice (i.e., the “Exercise Schedule” indicates “Early Exercise Permitted”) and subject to the provisions
of your option, you may elect at any time that is both (i) during the period of your Continuous Service and (ii) during the term of your
option, to exercise all or part of your option, including the unvested portion of your option; provided, however, that:

 

(a)
a partial exercise of your option will be deemed to cover first vested shares of Common Stock and then the earliest vesting installment
of unvested shares of Common Stock;

 

(b)
any shares of Common Stock so purchased from installments that have not vested as of the date of exercise will be subject to the purchase
option in favor of the Company as described in the Company’s form of Early Exercise Stock Purchase Agreement; and

 

(c)
you must enter into the Company’s form of Early Exercise Stock Purchase Agreement with a vesting schedule that will result in the
same vesting as if no early exercise had occurred.

 

    	 

    	 

    

 

5.
Incentive Stock Option Limitation. If your option is an Incentive Stock Option,
then a special limit applies that considers vesting and the value of the underlying shares of Common Stock. Specifically, to the extent
the aggregate Fair Market Value (determined at the time of grant) of the shares of Common Stock covered by your option, plus all other
Incentive Stock Options you hold, that are exercisable for the first time by you during any calendar year (under all plans of the Company
and its Affiliates) exceeds one hundred thousand dollars ($100,000), your option(s) or portions thereof that exceed such limit (according
to the order in which they were granted) will be treated as Nonstatutory Stock Options.

 

6.
Method of Payment. Payment of the exercise price is due in full upon exercise of
all or any part of your option. You may elect to make payment of the exercise price in cash or by check, or in any other manner permitted
by your Grant Notice, which may include one or more of the following:

 

(a)
Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, pursuant
to a program developed under Regulation T, as promulgated by the Federal Reserve Board, that prior to the issuance of Common Stock results
in either the receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price
to the Company from the sales proceeds.

 

(b)
Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by
delivery to the Company (either by actual delivery or attestation) of already-owned shares of Common Stock that are owned free and clear
of any liens, claims, encumbrances or security interests, and that are valued at Fair Market Value on the date of exercise. Notwithstanding
the foregoing, you may not exercise your option by tender to the Company of Common Stock to the extent such tender would violate the
provisions of any law, regulation or agreement restricting the redemption of the Company’s stock.

 

(c)
Pursuant to the following deferred payment alternative:

 

(i)
Not less than one hundred percent (100%) of the aggregate exercise price, plus accrued interest, shall be due four (4) years from date
of exercise or, at the Company’s election, upon termination of your Continuous Service.

 

(ii)
Interest will be compounded at least annually and will be charged at the minimum rate of interest necessary to avoid (1) the treatment
as interest, under any applicable provisions of the Code, of any amounts other than amounts stated to be interest under the deferred
payment arrangement and (2) the classification of your option as a liability for financial accounting purposes.

 

(iii)
In order to elect the deferred payment alternative, you must, as a part of your written notice of exercise, give notice of the election
of this payment alternative and, in order to secure the payment of the deferred exercise price to the Company hereunder, if the Company
so requests, you must tender to the Company a promissory note and a pledge agreement covering the purchased shares of Common Stock, both
in form and substance satisfactory to the Company, or such other or additional documentation as the Company may request.

 

(d)
If your option is a Nonstatutory Stock Option, by reduction in the whole number of shares of Common Stock otherwise deliverable upon
exercise of your option with a Fair Market Value less than or equal to the aggregate exercise price at the time of exercise.

 

    	2

    	 

    

 

7.
Whole Shares. You may exercise your option only for whole shares of Common Stock.

 

8.
Securities Law Compliance. Notwithstanding anything to the contrary contained herein,
you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities
Act or, if such shares of Common Stock are not registered, the Company has determined that such exercise and issuance would be exempt
from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and
regulations governing your option, and you may not exercise your option if the Company determines that such exercise would not be in
material compliance with such laws and regulations.

 

9.
Term. You may not exercise your option before the commencement of its term or after
its term expires. The term of your option commences on the Date of Grant and expires upon the earliest of the following:

 

(a)
immediately upon the termination of your Continuous Service for Cause;

 

(b)
three (3) months after the termination of your Continuous Service for any reason other than Cause, Disability or death, provided that
if during any part of such three (3)-month period you may not exercise your option solely because of the condition set forth in the preceding
paragraph relating to “Securities Law Compliance,” your option shall not expire until the earlier of the Expiration Date
or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service;

 

(c)
twelve (12) months after the termination of your Continuous Service due to your Disability;

 

(d)
eighteen (18) months after your death if you die either during your Continuous Service or within three (3) months after your Continuous
Service terminates for any reason other than Cause;

 

(e)
the Expiration Date indicated in your Grant Notice; or

 

(f)
the day before the tenth (10th) anniversary of the Date of Grant.

 

Notwithstanding
the foregoing, if you die during the period provided in Section 9(b) or 9(c) above, the term of your option shall not expire until the
earlier of eighteen (18) months after your death, the Expiration Date indicated in your Grant Notice, or the day before the tenth (10th)
anniversary of the Date of Grant.

 

If
your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option,
the Code requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date
of your option’s exercise, you must be an employee of the Company or an Affiliate, except in the event of your death or Disability.
The Company has provided for extended exercisability of your option under certain circumstances for your benefit, but cannot guarantee
that your option will necessarily be treated as an Incentive Stock Option if you continue to provide services to the Company or an Affiliate
as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three (3) months after
the date your employment with the Company or an Affiliate terminates.

 

    	3

    	 

    

 

10.
Exercise.

 

(a)
You may exercise the vested portion of your option (and the unvested portion of your option if your Grant Notice so permits) during its
term by delivering a Notice of Exercise (in a form designated by the Company) together with the exercise price to the Secretary of the
Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents
as the Company may then require.

 

(b)
By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter into an
arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1)
the exercise of your option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the
time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise.

 

(c)
If your option is an Incentive Stock Option, by exercising your option you agree that you will notify the Company in writing within fifteen
(15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that occurs
within two (2) years after the date of your option grant or within one (1) year after such shares of Common Stock are transferred upon
exercise of your option.

 

(d)
By exercising your option you agree that you will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase
of, or enter into any hedging or similar transaction with the same economic effect as a sale, any Common Stock (or other securities)
of the Company held by you (other than those included in the registration, if any) during the 180-day period following the effective
date of a registration statement of the Company filed under the Securities Act or such longer period as necessary to permit compliance
with FINRA Rule 2711 and any other similar rule or regulation (the “Lock-Up Period”); provided, however,
that nothing contained in this section shall prevent the exercise of a repurchase option, if any, in favor of the Company during the
Lock-Up Period. You further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters
that are consistent with your obligations under this Section 10(d) or that are necessary to give further effect thereto. In addition,
if requested by the Company or the representative of the underwriters of Common Stock (or other securities) of the Company, you agree
to provide, within ten (10) days of such request, such information as may be required by the Company or such representative in connection
with the completion of any public offering of the Company’s securities pursuant to a registration statement filed under the Securities
Act. The Company may impose stop-transfer instructions with respect to the shares of Common Stock (or other securities) subject to the
foregoing restriction until the end of the foregoing restriction period. The underwriters of the Company’s stock are intended third
party beneficiaries of this Section 10(d) and will have the right, power and authority to enforce the provisions hereof as though they
were a party hereto.

 

    	4

    	 

    

 

11.
Transferability. Your option is not transferable, except by will or by the laws
of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice
to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, will thereafter
be entitled to exercise your option. In addition, if permitted by the Company you may transfer your option to a trust if you are considered
to be the sole beneficial owner (determined under Section 671 of the Code and applicable state law) while the option is held in the trust,
provided that you and the trustee enter into a transfer and other agreements required by the Company. 

 

12.
Option not a Service Contract. Your option is not an employment or service contract,
and nothing in your option will be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the
Company or an Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in your option will obligate
the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers or Employees to continue any relationship that
you might have as a Director or Consultant for the Company or an Affiliate.

 

13.
Withholding Obligations.

 

(a)
At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you hereby authorize
withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means
of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board to
the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations
of the Company or an Affiliate, if any, which arise in connection with the exercise of your option.

 

(b)
Upon your request and subject to approval by the Company, in its sole discretion, and compliance with any applicable legal conditions
or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your
option a number of whole shares of Common Stock having a Fair Market Value, determined by the Company as of the date of exercise, not
in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid classification
of your option as a liability for financial accounting purposes). If the date of determination of any tax withholding obligation is deferred
to a date later than the date of exercise of your option, share withholding pursuant to the preceding sentence will not be permitted
unless you make a proper and timely election under Section 83(b) of the Code, covering the aggregate number of shares of Common Stock
acquired upon such exercise with respect to which such determination is otherwise deferred, to accelerate the determination of such tax
withholding obligation to the date of exercise of your option. Notwithstanding the filing of such election, shares of Common Stock will
be withheld solely from fully vested shares of Common Stock determined as of the date of exercise of your option that are otherwise issuable
to you upon such exercise. Any adverse consequences to you arising in connection with such share withholding procedure will be your sole
responsibility.

 

    	5

    	 

    

 

(c)
You may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied. Accordingly,
you may not be able to exercise your option when desired even though your option is vested, and the Company will have no obligation to
issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow provided for herein unless
such obligations are satisfied.

 

14.
Tax Consequences. You hereby agree that the Company does not have a duty to design
or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities. You will not make any claim
against the Company, or any of its Officers, Directors, Employees or Affiliates related to tax liabilities arising from your option or
your other compensation. In particular, you acknowledge that this option is exempt from Section 409A of the Code only if the exercise
price per share specified in the Grant Notice is at least equal to the “fair market value” per share of the Common Stock
on the Date of Grant and there is no other impermissible deferral of compensation associated with the option. Because the Common Stock
is not traded on an established securities market, the Fair Market Value is determined by the Board, perhaps in consultation with an
independent valuation firm retained by the Company. You acknowledge that there is no guarantee that the Internal Revenue Service will
agree with the valuation as determined by the Board, and you will not make any claim against the Company, or any of its Officers, Directors,
Employees or Affiliates in the event that the Internal Revenue Service asserts that the valuation determined by the Board is less than
the “fair market value” as subsequently determined by the Internal Revenue Service. In addition, no election under Section
83(i) of the Code may be made with respect to the shares of the Common Stock issued upon exercise of your option, even if the election
would otherwise be available with respect to the shares.

 

15.
Notices. Any notices provided for in your option or the Plan will be given in writing
and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after
deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.

 

16.
Governing Plan Document. Your option is subject to all the provisions of the Plan,
the provisions of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations,
which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of your
option and those of the Plan, the provisions of the Plan shall control.

 

*
* * * *

 

This
Agreement shall be deemed to be signed by the Company and the Optionholder upon the signing by the Optionholder of the Grant Notice to
which it is attached.

 

    	6Exhibit
10.82

 

TheMaven,
Inc. 

Restricted
Equity Award Grant Notice

(2019
Equity Incentive Plan)

 

TheMaven,
Inc. (the “Company”), pursuant
to its 2019 Equity Incentive Plan (the “Plan”), hereby awards to the person named below (the “Participant”)
a Restricted Stock Award for the aggregate number of shares of the Company’s common stock (the “Common Stock”)
set forth below (the “Award”). This Award is subject to all of the terms and conditions described below and
in the Restricted Stock Award Agreement, the Plan, and the form of election under Section 83(b) of the Internal Revenue Code, all of
which are attached hereto and incorporated herein in their entirety.

 

	Participant:	 	[●]
	Date
    of Grant:	 	[●]
	Vesting
    Commencement Date:	 	[●]
	Number
    of Shares Subject to Award:	 	[●],
    subject to the Company’s right of cancellation below
	Fair
    Market Value per Share:	 	[●]
	Aggregate
    Fair Market Value for the Shares:	 	[●]
	Consideration
    for Common Stock:	 	Participant’s
    services to the Company

 

Vesting
Schedule: The Award will vest as follows: ____________________, subject to Participant’s Continuous Service (as defined
in the Plan) with the Company through the applicable vesting date[; provided, however, that upon a termination of Continuous Service
by the Company or any Affiliate of the Company for a reason other than Cause (as defined in the Plan) or as a result of the Participant’s
resignation for Good Reason (as defined Restricted Stock Award Agreement), then the Award will become fully vested immediately prior
to such termination or resignation].

 

Additional
Terms/Acknowledgements: The undersigned Participant acknowledges receipt of, and understands and agrees to, this Restricted Stock
Award Grant Notice, the Restricted Stock Award Agreement, and the Plan. Participant further acknowledges that as of the Date of Grant,
this Restricted Stock Award Grant Notice, and the Restricted Stock Award Agreement, and the Plan set forth the entire understanding between
Participant and the Company regarding the acquisition of shares of Common Stock pursuant to the Award specified above and supersede all
prior oral and written agreements on that subject with the exception of the following agreements only:

 

	Other
    Agreements:	 
	 	

 

	TheMaven, Inc.	 	Participant:
	 	 	 	 	 
	By:	 	 	 
	 	Signature	 	 	Signature
	Name:		 	Name:	 
	Title:		 	 	 
	Date:		 	Date:	

 

	Attachments:	Restricted
    Stock Award Agreement, 2019 Equity Incentive Plan, and form of Section 83(b) Election

 

    	-1 -

    	 

    

 

ATTACHMENT
I

 

TheMaven,
Inc.

2019
Equity Incentive Plan

 

Restricted Stock Award Agreement

 

Pursuant
to your Restricted Stock Award Grant Notice (“Grant Notice”) and this Restricted Stock Award Agreement (this
“Agreement”), TheMaven, Inc. (the “Company”) has awarded you (“Participant”)
a Restricted Stock Award under Section 6 of the Company’s 2019 Equity Incentive Plan (the “Plan”) for
the aggregate number of shares indicated in the Grant Notice (collectively, the “Award”). Defined terms not
explicitly defined in this Agreement but defined in the Plan have the same definitions as in the Plan.

 

The
details of your Award, in addition to those set forth in the Grant Notice, are as follows:

 

1.
Grant of Shares. By signing the Grant Notice, the Company hereby agrees to grant and
issue to you, and you hereby agree to accept from the Company, the aggregate number of shares of Common Stock specified in your Grant
Notice (the “Shares”), which aggregate number is subject to the Company’s right of cancellation as set
forth in your Grant Notice, with a per-Share fair market value as specified in your Grant Notice, for the consideration set forth in
Section 4 and subject to all of the terms and conditions of the Plan. Upon issuance of the Shares to you, you will be the sole owner
of the Shares, subject to the provisions of the Plan and this Agreement, and Company will list you as a stockholder on its corporate
books and records. 

 

2.
Vesting. Subject to the limitations contained herein, your Award will vest as provided
in your Grant Notice. Unless otherwise specified in your Grant Notice, vesting will cease upon the termination of your Continuous Service.

 

3.
Closing. Your acquisition of the Shares will be consummated as follows:

 

(a)
You will acquire beneficial ownership of the Shares by delivering your Grant Notice, executed by you in the manner required by the
Company, to the Corporate Secretary of the Company, or to such other person as the Company may designate, during regular business hours,
on the date that you have executed the Grant Notice (or at such other time and place as you and the Company may mutually agree upon in
writing) (the “Closing Date”) along with any consideration, other than your past or future services, required
to be delivered by you by law on the Closing Date and such additional documents as the Company may then require.

 

(b)
You hereby acknowledge and agree that the manner selected by the Company by which you indicate your consent to your Grant Notice
is also deemed to be your execution of your Grant Notice and of this Agreement.

 

    	-2 -

    	 

    

 

(c)
In the event of the termination of your Continuous Service prior to the Closing Date, the closing contemplated in this Agreement
shall not occur. 

 

4.
Consideration. Unless otherwise required by law, the Shares to be delivered to you
on the Closing Date will be deemed paid, in whole or in part in exchange for past and future services to be rendered to the Company or
an Affiliate in the amounts and to the extent required by law. In the event additional consideration is required by law so that the Shares
acquired under this Agreement are deemed fully paid and nonassessable, the Board will determine the amount and character of such additional
consideration to be paid.

 

5.
Restrictions on Unvested Shares. Unless and until the Shares have vested in the manner
set forth in Section 2, the Shares, although issued in your name, may not (except as specifically authorized in this Agreement or under
the Plan) be sold, transferred or otherwise disposed of, and may not be pledged or otherwise hypothecated. The Company may instruct the
transfer agent for its Common Stock to place a legend on the certificates representing the Shares, or otherwise note its corporate records,
as to the restrictions on transfer set forth in this Agreement and the Plan. 

 

6.
Rights as Stockholder. Subject to the provisions of this Agreement, you will have all
rights and privileges of a stockholder of the Company with respect to the Shares, including with respect to any portion of the Shares
that have not vested. You will be deemed to be the holder of the Shares for purposes of receiving any dividends or distributions that
may be paid with respect to the Shares and for purposes of exercising any voting rights relating to the Shares, even if the Shares or
a portion of the Shares have not yet vested and been released from the Company’s Reacquisition Right described below; provided,
however, that the Company is under no duty to declare any such dividends; provided, further, that any dividends or distributions (other
than regular quarterly cash dividends) paid with respect to shares of Common Stock subject to the unvested portion of the Shares will
be subject to the same restrictions as the Shares to which such dividends or distributions relate.

 

7.
Effect of Termination; Reacquisition Right. The Company will have a right to reacquire
all or any part of the Shares (a “Reacquisition Right”) that have not as yet vested in accordance with the
Vesting Schedule specified in your Grant Notice (the “Unvested Shares”) on the following terms and conditions:

 

(a)
The Company will simultaneously with termination of your Continuous Service automatically reacquire for no consideration all of the
Unvested Shares, unless the Company agrees to waive its Reacquisition Right as to some or all of the Unvested Shares. Any such waiver
will be exercised by the Company by written notice to you or your representative within ninety (90) days after the termination of your
Continuous Service, and the number of the Unvested Shares not being reacquired by the Company will be then released to you. If the Company
does not waive its Reacquisition Right as to all of the Unvested Shares, then upon such termination of your Continuous Service, the number
of Unvested Shares the Company is reacquiring will be transferred to the Company.

 

    	- 3 -

    	 

    

 

(b)
If, from time to time, there is any stock dividend, stock split or other change in the character or amount of any of the outstanding
stock of the Company or other entity the stock of which is subject to the provisions of your Award, then in such event any and all new,
substituted or additional securities to which you are entitled by reason of your ownership of the Shares will be immediately subject
to the Reacquisition Right with the same force and effect as the Shares subject to this Reacquisition Right immediately before such event.

 

8.
Compliance with Law. You may not be issued any shares of Common Stock under your Award
unless either (i) those shares are then registered under the Securities Act, or (ii) the Company has determined that such issuance would
be exempt from the registration requirements of the Securities Act. Your Award must also comply with all other applicable laws and regulations
governing the Award, and you will not receive the Shares if the Company determines that such receipt would not be in material compliance
with such laws and regulations.

 

9.
Transferability; Transfer Restrictions. Your Award is not transferable, except by will
or by the laws of descent and distribution. After any Shares have been released to you from restricted book entry form, you will not
sell, assign, hypothecate, donate, encumber, or otherwise dispose of any interest in the Shares except in compliance with the provisions
herein, applicable securities laws and the Company’s policies.

 

10.
Right of First Refusal. Shares of Common Stock that you acquire pursuant to your Award
are subject to any right of first refusal that may be described in the Company’s bylaws or stockholders agreement in effect at
such time the Company elects to exercise its right. The Company’s right of first refusal will expire on the first date upon which
any security of the Company is listed (or approved for listing) upon notice of issuance on a national securities exchange or quotation
system

 

11.
Right of Repurchase. To the extent provided in the Company’s bylaws or stockholders
agreement in effect at such time the Company elects to exercise its right, the Company will have the right to repurchase all or any part
of the shares of Common Stock you acquire pursuant to your Award.

 

12.
Restrictive Legends. The shares of Common Stock issued under your Award will be endorsed
with appropriate legends, if any, as determined by the Company.

 

13.
Award not a Service Contract. Your Award is not an employment or service contract,
and nothing in your Award will be deemed to create in any way whatsoever any obligation on your part to continue in the employ of, or
in any other service relationship with, the Company or an Affiliate, or of the Company or an Affiliate to continue your employment. In
addition, nothing in your Award will obligate the Company or an Affiliate, their respective stockholders, Boards of Directors, Officers
or Employees to continue any relationship that you might have as a Director or Consultant for the Company or an Affiliate.

 

14.
Withholding Obligations.

 

(a)
In connection with receiving the Shares, or at any time thereafter as requested by the Company, you hereby authorize any required
withholding from any amounts payable to you or otherwise agree to make adequate provision in cash for any sums required to satisfy the
federal, state, local and foreign tax withholding obligations of the Company or any Affiliate that arise in connection with your Award
(the “Withholding Taxes”). 

 

    	- 4 -

    	 

    

 

(b)
Unless the tax withholding obligations of the Company and/or any Affiliate are satisfied, the Company will have no obligation to
instruct its transfer agent to release the Shares from restricted book entry form, and you agree that you will in such case have no right
to receive such Shares.

 

15.
Tax Consequences. 

 

(a)
In connection with receiving the Shares, you may elect to file an election under section 83(b) of the Internal Revenue Code of 1986,
as amended (the “Code”), which election is intended to accelerate the tax consequences of the transfer, regardless
of the potential effect of the vesting schedule of Section 2 or the risk of forfeiture set forth in Section 7. The choice to file an
83(b) election is entirely at your discretion. An 83(b) election may be made on the form attached to the Grant Notice. If you elect to
make an 83(b) election, the Company may in its discretion require you to contemporaneously make payment of all income and employment
taxes required to be paid with respect to such election, or to otherwise make provision for the payment of such taxes; you will provide
the Company with a copy of an executed version and satisfactory evidence of the filing of the executed 83(b) election with the Internal
Revenue Service, and you agree to assume full responsibility for ensuring that the 83(b) election is actually and timely filed with the
Internal Revenue Service and for all tax consequences resulting from the 83(b) election.

 

(b)
You agree to review with your own tax advisors the federal, state, local and foreign tax consequences of this investment and the
transactions contemplated by this Agreement. You will rely solely on such advisors and not on any statements or representations of the
Company or any of its agents. You understand that you (and not the Company) will be responsible for your own tax liability that may arise
as a result of this investment or the transactions contemplated by this Agreement, including any election you make under section 83(b)
of the Code.

 

16.
Notices. Any notices required to be given or delivered to the Company under the terms
of this Award will be in writing and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the
Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided
to the Company.

 

17.
Governing Plan Document. Your Award is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations,
which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of your
option and those of the Plan, the provisions of the Plan shall control.

 

18.
Forfeiture; Clawback.

 

(a)
In addition to the vesting conditions set forth in Section 2, your rights, payments and benefits with respect to the Award shall
be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of your breach of non-competition, non-solicitation,
confidentiality, or other restrictive covenants that are contained in your employment agreement with the Company and/or a restrictive
covenant agreement that you enter into with the Company in connection with a termination of your Continuous Service for Cause, or other
conduct by you that is detrimental to the business or reputation of the Company and/or its Affiliates.

 

    	-5 -

    	 

    

 

(b)
Notwithstanding any other provisions in this Agreement, the Company may cancel the Award, require reimbursement of the Award by you,
and effect any other right of recoupment of equity or other compensation provided in respect of the Award in accordance with any Company
policies that may be adopted and/or modified from time to time (the “Clawback Policy”). In addition, you may
be required to repay to the Company previously paid compensation, whether pursuant to this Agreement or otherwise in respect of the Award,
in accordance with the Clawback Policy. By accepting the Award, you are agreeing to be bound by the Clawback Policy, as in effect or
as may be adopted and/or modified from time to time by the Company in its discretion (including, without limitation, to comply with applicable
law or stock exchange listing requirements). 

 

19.
Certain Definitions.

 

(a)
“Good Reason” will mean any of the following events, which has not been either consented to in advance
by the Participant in writing or, with respect only to subsections (i), (ii), or (v) below, cured by the Company within a reasonable
period of time, not to exceed 30 days, after the Participant provides written notice within 30 days of the initial existence of one or
more of the following events: (i) a material reduction in compensation; (ii) a material diminution or reduction in the Participant’s
responsibilities, duties or authority; (iii) requiring the Participant to take any action which would violate any federal or state law;
or (iv) any requirement that the Participant relocate more than 50 miles. Good Reason shall not exist unless the Participant terminates
Participant’s service within seventy-five (75) days following the initial existence of the condition or conditions that the Company
has failed to cure, if applicable.

 

20.
Miscellaneous.

 

(a)
The rights and obligations of the Company under your Award shall be transferable by the Company to any one or more persons or entities,
and all covenants and agreements hereunder shall inure to the benefit of, and be enforceable by, the Company’s successors and assigns.

 

(b)
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company
to carry out the purposes or intent of your Award.

 

(c)
You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel
prior to executing and accepting your Award and fully understand all provisions of your Award.

 

(d)
This Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies
or national securities exchanges as may be required.

 

    	-6 -

    	 

    

 

(e)
The value of the Award subject to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms
used when calculating benefits under any employee benefit plan (other than the Plan) sponsored by the Company or any Affiliate except
as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any or all of the
employee benefit plans of the Company or any Affiliate.

 

(f)
The interpretation, performance and enforcement of this Agreement shall be governed by the law of the state of Delaware without regard
to that state’s conflicts of laws rules.

 

(g)
If all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such
unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any
section of this Agreement (or part of such a section) so declared to be unlawful or invalid shall, if possible, be construed in a manner
which will give effect to the terms of such section or part of a section to the fullest extent possible while remaining lawful and valid.

 

*
* * * *

 

This
Agreement shall be deemed to be signed by the Company and the Participant upon the signing by the Participant of the Grant Notice to
which it is attached.

 

    	-7 -

    	 

    

 

Attachment
II

 

2019
Equity Incentive Plan

 

    	 

    	 

    

 

Attachment
III

 

TheMaven,
Inc.

2019
Equity Incentive Plan

 

ELECTION
UNDER INTERNAL REVENUE CODE SECTION 83(B)

 

The
undersigned hereby elects pursuant to Section 83(b) of the Internal Revenue Code with respect to the property described below and supplies
the following information in accordance with the regulations promulgated thereunder:

 

	1.	The name, address and taxpayer identification number of the undersigned is:
	 	Name
    and Address of Taxpayer	 	Name
    and Address of Taxpayer’s Spouse
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	

                                                          

                                                         Taxpayer Identification Number of Taxpayer
	 	

                                                                              

                                                                             Taxpayer Identification Number of Taxpayer’s Spouse:

	 	 	 	 

 

	2.	Description
    of property with respect to which the election is made: 
	 	______________
    (____) shares of common stock (the “Shares”) of TheMaven, Inc. (the “Company”)
	 	 
	3.	The
    property was transferred during the calendar year _______. 
	 	 
	4.	The
    nature of the restrictions to which property is subject is as follows: 
	 	Pursuant
    to the terms of TheMaven, Inc. 2019 Equity Incentive Plan and corresponding Restricted Stock Award Grant Notice and Restricted Stock
    Award Agreement between the Company and the undersigned dated as of __________, _____, the Shares are subject to a vesting schedule
    as follows: ____________________________________.
	 	 
	5.	The
    fair market value of the property at the time of initial transfer (determined without regard to any lapse restriction, as defined
    in Treasury Regulations Section 1.83-3(i)) was $_________.
	 	 
	6.	The
    amount paid for the property was $0.
	 	 
	7.	A
    copy of this statement was reported to the Company and other persons as required pursuant to Treasury Regulations Section 1.83-2(d).

 

The
undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner.

 

	Dated:		 	 
	 	 	 	Taxpayer
	Dated:		 	 
	 	 	 	Spouse
    of Taxpayer

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