Document:

Exhibit 10.6

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of September 15, 2020, by and among LiveXLive Media, Inc.,
a Delaware corporation (the “Company”), Harvest Small Cap Partners, L.P., a Delaware limited partnership (“Harvest
LP”) and Harvest Small Cap Partners Master, Ltd., a Delaware corporation (“Harvest Ltd.” and together
with Harvest LP, collectively, the “Buyer”).

 

RECITALS:

 

A. In connection with
the Securities Purchase Agreement dated as of July 2, 2020, as amended on July 30, 2020 between the Company and No Street Capital
LLC (as such may be further amended, the “Securities Purchase Agreement”), the Company has agreed, upon the
terms and subject to the conditions of the Securities Purchase Agreement, to issue and sell to the Buyer or, if applicable, at
the time, the Holder, (i) the subordinated secured convertible note (the “Convertible Note”) which shall be
convertible into shares of the Company’s common stock, par value $0.001 per share (the “Common Stock,”
as converted, the “Conversion Shares”) in accordance with the terms of the Convertible Note, and (ii) 800,000
shares of Common Stock (the “Subscription Shares”). Capitalized terms not defined herein shall have the meaning
ascribed to them in the Securities Purchase Agreement.

 

B. To induce the Buyer
to execute and deliver the Securities Purchase Agreement, the Company has agreed to provide certain registration rights under the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the
“Securities Act”), and applicable state securities laws.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Buyer hereby agree as follows:

 

1. DEFINITIONS.

 

As used in this Agreement,
the following terms shall have the following meanings:

 

(a) “Additional
Effective Date” means the date the Additional Registration Statement is declared effective by the SEC.

 

(b) “Additional
Effectiveness Deadline” means the date which is the earlier of (x) (i) in the event that the Additional Registration
Statement is not subject to a full review by the SEC, forty-five (45) calendar days after the earlier of the Additional Filing
Date and the Additional Filing Deadline or (ii) in the event that the Additional Registration Statement is subject to a full review
by the SEC, ninety (90) calendar days after the earlier of the Additional Filing Date and the Additional Filing Deadline and (y)
the fifth (5th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier) by
the SEC that such Additional Registration Statement will not be reviewed or will not be subject to further review; provided, however,
that if the Additional Effectiveness Deadline falls on a Saturday, Sunday or any other day that the SEC is closed for business,
the Additional Effectiveness Deadline shall be extended to the next Business Day on which the SEC is open for business.

 

     

     

    

 

(c) “Additional
Filing Date” means the date on which the Additional Registration Statement is filed with the SEC.

 

(d) “Additional
Filing Deadline” means if the Cut Back Securities are required to be included in any Additional Registration Statement,
thirty (30) days after the date substantially all of the Registrable Securities registered under the immediately preceding Registration
Statement are sold.

 

(e) “Additional
Registrable Securities” means, (i) any Cut Back Securities not previously included on a Registration Statement and (ii)
any capital stock of the Company issued or issuable with respect to the Common Stock, or the Cut Back Securities, as applicable,
as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise.

 

(f) “Additional
Registration Statement” means a registration statement or registration statements of the Company filed under the Securities
Act covering the resale of any Additional Registrable Securities.

 

(g) “Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

(h) “Cut Back
Securities” has the meaning set forth in Section 3(c).

 

(i) “Effective
Date” means the Initial Effective Date and the Additional Effective Date, as applicable.

 

(j) “Effectiveness
Deadline” means the Initial Effectiveness Deadline and the Additional Effectiveness Deadline, as applicable.

 

(k) “Filing
Date” means the Initial Filing Date and the Additional Filing Date, as applicable.

 

(l) “Filing
Deadline” means the Initial Filing Deadline and the Additional Filing Deadline, as applicable.

 

(m) “Holder”
means the holder or holders, as the case may be, from time to time of Registrable Securities.

 

(n) “Initial
Effective Date” means the date that the Initial Registration Statement has been declared effective by the SEC.

 

(o) “Initial
Effectiveness Deadline” means the date which is the earlier of (x) (i) in the event that the Initial Registration Statement
is not subject to a full review by the SEC, forty-five (45) calendar days after the Initial Filing Deadline, or (ii) in the event
that the Initial Registration Statement is subject to a full review by the SEC, ninety (90) calendar days after the Initial Filing
Deadline, and (y) the fifth (5th) Business Day after the date the Company is notified (orally or in writing, whichever
is earlier) by the SEC that such Initial Registration Statement will not be reviewed or will not be subject to further review;
provided, however, that if the Initial Effectiveness Deadline falls on a Saturday, Sunday or other day that the SEC is closed for
business, the Initial Effectiveness Deadline shall be extended to the next Business Day on which the SEC is open for business.

 

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(p) “Initial
Filing Date” means the date on which the Initial Registration Statement is filed with the SEC.

 

(q) “Initial
Filing Deadline” means as soon as reasonably practical after the Closing Date (as defined in the Securities Purchase
Agreement), but in any event within thirty (30) days after the Closing (as defined in the Securities Purchase Agreement).

 

(r) “Initial
Registrable Securities” means (i) all shares of Common Stock issued or issuable upon conversion in full of the Convertible
Note (assuming the Convertible Note is converted in full without regard to any conversion limitations therein), (ii) the Subscription
Shares, and (iii) any securities of the Company issued or issuable with respect to the Common Stock, the Subscription Shares, or
Conversion Shares as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise without
regard to any limitations on conversion of the Convertible Note.

 

(s) “Initial
Registration Statement” means a registration statement or registration statements of the Company filed under the Securities
Act covering the resale of the Initial Registerable Securities.

 

(t) “Person”
means a corporation, a limited liability company, an association, a partnership, an organization, a business, an individual, a
governmental or political subdivision thereof or a governmental agency.

 

(u) “Principal
Market” means the Nasdaq Capital Market or such other Trading Market where the Common Stock is then listed or quoted.

 

(v) “Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference
in such Prospectus.

 

(w) “Registrable
Securities” means the Initial Registrable Securities and the Additional Registrable Securities.

 

(x) “Registration
Statement” means the Initial Registration Statement and the Additional Registration Statement, as applicable, including
(in each case) the Prospectus, amendments and supplements to such registration statement or Prospectus, including pre- and post-effective
amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in such
registration statement.

 

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(y) “Required
Registration Amount” means (i) with respect to the Initial Registration Statement, the number of shares of Common Stock
issued or to be issued pursuant to the Convertible Note and including the Subscription Shares, or such lesser amount as required
by the SEC pursuant to Rule 415, and (ii) with respect to Additional Registration Statements all Additional Registrable Securities
to be filed, in each case subject to any cutback set forth in Section 3(c). In the event there are cutbacks as provided for in
Section 3(c), cutback preference shall be given in the following priority: (x) first, to the Conversion Shares, and (y) second,
to the Subscription Shares.

 

(z) “Rule 415”
means Rule 415 promulgated by the SEC pursuant to the Securities Act, as such Rule may be amended from time to time, or any similar
rule or regulation hereafter adopted by the SEC providing for offering securities on a continuous or delayed basis.

 

(aa) “SEC”
means the United States Securities and Exchange Commission.

 

(bb) “Trading
Day” means a day on which the Principal Market is open for trading.

 

(cc) “Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE American, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange
or the Principal Market (or any successors to any of the foregoing).

 

(dd) “Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part
of such dealer’s market-making activities.

 

(ee) “Underwriters’
Maximum Number” shall mean, for any Piggyback Registration, that number of securities to which such registration should,
in the opinion of the managing Underwriter(s) of such registration, in the light of marketing factors (including an adverse effect
on the per share offering price), be limited.

 

2. REGISTRATION.

 

(a) Filing and Effectiveness
of the Registration Statement. On or prior to each Filing Deadline, the Company shall prepare and file with the SEC a Registration
Statement on Form S-1, or, if the Company is then eligible, on Form S-3 covering the resale of all of the Registrable Securities.
The Registration Statement prepared pursuant hereto shall register for resale at least the number of shares of Common Stock equal
to the Required Registration Amount as of date the Registration Statement is initially filed with the SEC. The Registration Statement
shall contain the “Selling Stockholders” and “Plan of Distribution” sections in substantially
the form attached hereto as Exhibit A. The Company shall use its best efforts to have the Registration Statement declared
effective by the SEC as soon as practicable, but in no event later than the Effectiveness Deadline. By 5:30 pm New York time on
the Business Day following the Effective Date, the Company shall file with the SEC in accordance with Rule 424 under the Securities
Act the final Prospectus to be used in connection with sales pursuant to such Registration Statement. The Company shall cause the
Registration Statement to remain effective until all of the Registrable Securities have been sold or may be sold without Rule 144
volume restrictions pursuant to Rule 144, as determined by the counsel to the Company pursuant to a written opinion letter to such
effect, addressed and acceptable to the Company’s transfer agent and the Holder (the “Registration Period”).
Prior to the filing of the Registration Statement with the SEC, the Company shall furnish a draft of the Registration Statement
to the Holder for its review and comment. The Holder shall furnish comments on the Registration Statement to the Company within
two (2) Business Days of the receipt thereof from the Company and the Company shall give due consideration to such comments.

 

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(b) Failure to File
or Obtain Effectiveness of the Registration Statement.

 

1. If a Registration
Statement covering the Registrable Securities is not filed with the SEC on or prior to the Filing Deadline (if the Company files
a Registration Statement without affording the Holder the opportunity to review and comment on the same as required by Section
3(a), the Company shall not be deemed to have satisfied this clause (1)), the Company will make a payment to the Holder, as liquidated
damages and not as a penalty (the “Registration Liquidated Damages”), in an amount equal to two percent (2%)
of the aggregate purchase price paid by Holder for the Registrable Securities for the initial day of failure to file such Registration
Statement by the Filing Deadline and for each subsequent 30-day period (pro rata for any portion thereof) thereafter for which
no such Registration Statement is filed with respect to the Registrable Securities. Such payments shall be made to the Holder in
cash no later than ten (10) Business Days after the Filing Deadline and the expiry of each subsequent 30-day period, as applicable.
Simple interest shall accrue at the rate of ten percent (10%) per month on any Registration Liquidated Damages that shall not be
paid by the applicable payment date until such amounts are paid in full.

 

2. If: (i)
a Registration Statement covering the Registrable Securities filed or required to be filed hereunder is not declared effective
by the SEC by its Effectiveness Deadline (other than as a result of Holder not willing to comply with the Cut Back Securities requirement
as set forth in Section 3(c)), or (ii) after a Registration Statement has been declared effective by the SEC, sales cannot be made
pursuant to such Registration Statement for any reason (including, without limitation, by reason of a stop order or the Company’s
failure to update such Registration Statement) or the Holder is otherwise not permitted to utilize the Prospectus therein to resell
such Registrable Securities for more than 30 consecutive calendar days or more than an aggregate of 40 calendar days during any
12-month period (which need not be consecutive calendar days) (each of (i) and (ii), a “Maintenance Failure”),
then the Company will make a payment to the Holder, as liquidated damages and not as a penalty (the “Effectiveness Liquidated
Damages” and together with the Registration Liquidated Damages, the “Liquidated Damages”), in an amount
equal to two percent (2%) of the aggregate purchase price paid by Holder for the Registrable Securities for the initial day of
a Maintenance Failure and for each 30-day period (pro rata for any portion thereof) thereafter until the Maintenance Failure is
cured. The Effectiveness Liquidated Damages shall be paid monthly within ten (10) Business Days of the date of occurrence of any
Maintenance Failure and the expiry of each subsequent 30-day period, as applicable. Such payments shall be made to the Holder in
cash. Simple interest shall accrue at the rate of ten percent (10%) per month on any such Effectiveness Liquidated Damages that
shall not be paid by the applicable payment date until such amounts have been paid in full.

 

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3. The parties
agree that (i) notwithstanding anything to the contrary herein, no Liquidated Damages shall be payable with respect to any period
after the expiration of the Registration Period (it being understood that this sentence shall not relieve the Company of any Liquidated
Damages accruing prior to the expiration of the Registration Period), and in no event shall the aggregate amount of Liquidated
Damages payable to the Holder exceed, in the aggregate, fifteen percent (15%) of the aggregate purchase price paid by Holder for
the Registrable Securities, and (ii) except with respect to (x) the initial day of failure to file a Registration Statement by
the Filing Deadline and (y) the initial day of any Maintenance Failure, in no event shall the Company be liable in any thirty (30)
day period for Liquidated Damages under this Agreement in excess of fifteen percent (15%) of the aggregate purchase price paid
by Holder for the Registrable Securities. If the Company is unable to cause a Registration Statement covering the Registrable Securities
to be filed or declared effective on or prior to the Filing Deadline or Effectiveness Deadline, as applicable, as a result of an
acquisition, merger, reorganization, disposition or other similar transaction, then the Company may request a waiver of the Liquidated
Damages, and Holder may grant or withhold its consent to such request in its discretion.

 

(c) Liquidated Damages.
The Company and the Buyer hereto acknowledge and agree that the sums payable under subsection 2(b) above shall constitute liquidated
damages and not penalties and are in addition to all other rights of the Buyer, including the right to call a default or seek injunctive
relief. The parties further acknowledge that (i) the amount of loss or damages likely to be incurred is incapable or is difficult
to precisely estimate, (ii) the amounts specified in such subsections bear a reasonable relationship to, and are not plainly or
grossly disproportionate to, the probable loss likely to be incurred in connection with any failure by the Company to obtain or
maintain the effectiveness of a Registration Statement, (iii) one of the reasons for the Company and the Buyer reaching an agreement
as to such amounts was the uncertainty and cost of litigation regarding the question of actual damages, and (iv) the Company and
the Buyer are sophisticated business parties and have been represented by sophisticated and able legal counsel and negotiated this
Agreement at arm’s length. Notwithstanding the foregoing, there shall be no liquidated damages for Cut Back Securities (as
defined in Section 3(c) below).

 

(d) Piggyback Registration.

 

1. Piggyback
Rights. If the Company shall determine to register the offer or sale of any of its capital stock either (x) for its own account,
(y) for the account of Holder or (z) for the account of other stockholders (other than (i) a registration on Form S-8 (as promulgated
under the Securities Act), (ii) a registration relating solely to (A) a Rule 145 transaction under the Securities Act or otherwise
made in connection with mergers, acquisitions, exchange offers, subscription offers or dividend reinvestment plans, (B) to an exchange
offer for securities of the Company or its subsidiaries or another entity; or (C) in more than one of the kinds of transaction
listed in this Section (ii), (iii) a registration on any registration form which does not permit secondary sales or does not include
substantially the same information as would be required to be included in a registration statement), or (iv) pursuant to the Company’s
current shelf Registration Statement on Form S-3 or amendments thereto or the filing of any new shelf Registration Statement on
Form S-3 (each such registration not withdrawn or abandoned prior to the effective date thereof being herein called a “Piggyback
Registration”), the Company will, subject to the conditions set forth in this Section 2(d) (provided, that the Company
shall have no obligation to proceed with the filing or effectiveness of any such registration statement as it determines in its
sole discretion):

 

a) promptly,
but in any event not less than six (6) days (two (2) Business Days in the event of an “overnight” offering or “bought”
deal) prior to filing the applicable Registration Statements, give to Holder a written notice thereof (the “Piggyback
Registration Notice”); and

 

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b) subject to
Subsection 2 below and any transfer restrictions Holder may be a party to, include in such Piggyback Registration (and any related
qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Securities
specified in a written request or requests, made by Holder. Such written request must specify the specific amount of Holder’s
Registrable Securities for which inclusion is requested and the intended method of disposition thereof and shall be received by
the Company within six (6) days (two (2) Business Days in the case of an “overnight” offering or “bought”
deal) after written notice from the Company is given under Subsection 1 above. In the event that Holder makes such written request,
Holder may withdraw its Registrable Securities from such Piggyback Registration by giving written notice to the Company and the
managing underwriter, if any, at any time at least two (2) Business Days prior to the effective date of the Registration Statement
relating to such Piggyback Registration. In the event any Holder requests inclusion in a Piggyback Registration pursuant to this
Subsection (b) in connection with a distribution of Registrable Securities to its partners or members, the Piggyback Registration
shall provide for the resale by such partners or members, if requested by Holder.

 

2. Underwriting.
If the Piggyback Registration of which the Company gives notice is for a registered public offering involving an underwriting,
the Company shall so advise Holder as a part of the written notice given pursuant to Subsection 1 above (the “Underwritten
Offering Piggyback Notice”). In such event, the right of Holder to a Piggyback Registration pursuant to this Section
2(d) shall be conditioned upon Holder’s participation in such underwriting and the inclusion of Holder’s Registrable
Securities in the underwriting to the extent provided herein. Holder shall (together with the Company and any other stockholders
distributing their securities through such underwriting) enter into an underwriting agreement in customary form for secondary public
offerings with the managing underwriter or underwriters selected for underwriting by the Company; provided, however,
that such underwriting agreement shall not provide for indemnification or contribution obligations on the part of Holder except
as may be customary and reasonable.

 

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3. Priority
on Piggyback Registrations. If a Piggyback Registration is an underwritten registration, and the managing Underwriter(s) shall
give written advice to the Company of an Underwriters’ Maximum Number, then securities will be included in the following
order of priority: (i) equity securities proposed to be included in such Piggyback Registration by the Company for its own account,
and (ii) if the Underwriters’ Maximum Number exceeds the number of securities proposed to be included pursuant to clause
(i) above, then such excess, up to the Underwriters’ Maximum Number shall first be deducted from any shares to be included
by other stockholders and to the extent such amount is insufficient, then shares shall be deducted from the amount sold by Holder.

 

3. RELATED OBLIGATIONS.

 

(a) The Company shall,
not less than three (3) Trading Days prior to the filing of each Registration Statement and not less than one (1) Trading Day prior
to the filing of any related amendments and supplements to all Registration Statements (except for annual reports on Form 10-K),
furnish to Holder copies of all such documents proposed to be filed, which documents (other than those incorporated or deemed to
be incorporated by reference) will be subject to the reasonable and prompt review of Holder. The Company shall not file a Registration
Statement or any such Prospectus or any amendments or supplements thereto to which the Holder shall reasonably object in good faith;
provided, that, the Company is notified of such objection in writing no later than two (2) Trading Days after the Holder
has been so furnished copies of a Registration Statement.

 

(b) The Company shall
(i) prepare and file with the SEC such amendments (including post-effective amendments) and supplements to a Registration Statement
and the Prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated
under the Securities Act, as may be necessary to keep such Registration Statement effective at all times during the Registration
Period, and prepare and file with the SEC such additional Registration Statements in order to register for resale under the Securities
Act all of the Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus
supplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424; (iii)
respond as promptly as reasonably possible to any comments received from the SEC with respect to a Registration Statement or any
amendment thereto and as promptly as reasonably possible provide the Holder true and complete copies of all correspondence from
and to the SEC relating to a Registration Statement (provided that the Company may excise any information contained therein
which would constitute material non-public information as to Holder, if Holder has not executed a confidentiality agreement with
the Company); and (iv) comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities
of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have been disposed
of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such Registration Statement.
In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement
(including pursuant to this Section 3(b)) by reason of the Company’s filing a report on Form 10-K, Form 10-Q or Form 8-K
or any analogous report under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company
shall incorporate such report by reference into the Registration Statement, if applicable, or shall file such amendments or supplements
with the SEC on the same day on which the Exchange Act report is filed which created the requirement for the Company to amend or
supplement the Registration Statement.

 

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(c) Reduction of Registrable
Securities Included in a Registration Statement. Notwithstanding anything contained herein, in the event that the SEC requires
the Company to reduce the number of Registrable Securities to be included in a Registration Statement in order to allow the Company
to rely on Rule 415 with respect to a Registration Statement, then the Company shall be obligated to include in such Registration
Statement (which may be a subsequent Registration Statement if the Company needs to withdraw the initial Registration Statement
and refile a new Registration Statement in order to rely on Rule 415) only such limited portion of the Registrable Securities as
the SEC shall permit. Any Registrable Securities that are excluded in accordance with the foregoing terms are hereinafter referred
to as “Cut Back Securities.” To the extent Cut Back Securities exist, as soon as may be permitted by the SEC,
the Company shall be required to file a Registration Statement covering the resale of the Cut Back Securities and shall use best
efforts to cause such Registration Statement to be declared effective as promptly as practicable thereafter.

 

(d) The Company shall
electronically furnish to Holder, without charge, (i) at least one (1) copy of such Registration Statement as declared effective
by the SEC and any amendment(s) thereto, including financial statements and schedules, all documents incorporated therein by reference,
all exhibits and each preliminary prospectus, (ii) five (5) copies of the final prospectus included in such Registration Statement
and all amendments and supplements thereto (or such other number of copies as such Holder may reasonably request) and (iii) such
other documents as Holder may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities
owned by Holder.

 

(e) The Company shall
use its best efforts to (i) register and qualify the Registrable Securities covered by a Registration Statement under such other
securities or “blue sky” laws of such jurisdictions in the United States as Holder reasonably requests, (ii) prepare
and file in those jurisdictions such amendments (including post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other
actions as may be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period,
and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (w) make
any change to its Certificate of Incorporation or by-laws, (x) qualify to do business in any jurisdiction where it would not otherwise
be required to qualify but for this Section 3(e), (y) subject itself to general taxation in any such jurisdiction, or (z) file
a general consent to service of process in any such jurisdiction. The Company shall promptly notify Holder of the receipt by the
Company of any notification with respect to the suspension of the registration or qualification of any of the Registrable Securities
for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual
notice of the initiation or threat of any proceeding for such purpose.

 

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(f) As promptly as practicable
after becoming aware of such event or development, the Company shall notify Holder in writing of the happening of any event as
a result of which the Prospectus included in a Registration Statement, as then in effect, includes an untrue statement of a material
fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading (provided that in no event shall such notice contain any material,
nonpublic information), and promptly prepare a supplement or amendment to such Registration Statement to correct such untrue statement
or omission, and electronically deliver five (5) copies of such supplement or amendment to Holder. The Company shall also promptly
notify Holder in writing (i) when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and when
a Registration Statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered
to Holder on the same day of such effectiveness), (ii) of any request by the SEC for amendments or supplements to a Registration
Statement or related prospectus or related information, and (iii) of the Company’s reasonable determination that a post-effective
amendment to a Registration Statement would be appropriate (any such notification in clauses (i) through (iii) shall be delivered
to Holder by facsimile or email).

 

(g) The Company shall
use its best efforts to prevent the issuance of any stop order or other suspension of effectiveness of a Registration Statement,
or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction within the United States
of America and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest
possible moment and to notify Holder of the issuance of such order and the resolution thereof or its receipt of actual notice of
the initiation or threat of any proceeding for such purpose.

 

(h) If, after the execution
of this Agreement, Holder believes, after consultation with its legal counsel, that it could reasonably be deemed to be an underwriter
of Registrable Securities, at the request of Holder, the Company shall use its commercially reasonable best efforts to furnish
to Holder, on the date of the effectiveness of the Registration Statement and thereafter from time to time on such dates as Holder
may reasonably request (but not more than twice in any consecutive 12-month period) (i) a letter, dated such date, from the Company’s
independent certified public accountants in form and substance as is customarily given by independent certified public accountants
to underwriters in an underwritten public offering, and (ii) an opinion, dated as of such date, of counsel representing the Company
for purposes of such Registration Statement, in form, scope and substance as is customarily given in an underwritten public offering,
addressed to the Holder.

 

(i) If, after the execution
of this Agreement, Holder believes, after consultation with its legal counsel, that it could reasonably be deemed to be an underwriter
of Registrable Securities, at the request of Holder, the Company shall make available for inspection by (i) Holder and (ii) one
firm of accountants or other agents retained by the Holder (the “Inspector”) all pertinent financial and other
records, and pertinent corporate documents and properties of the Company (collectively, the “Records”), as shall
be reasonably deemed necessary by Inspector, and cause the Company’s officers, directors and employees to supply all information
which Inspector may reasonably request; provided, however, that Inspector shall agree, and Holder hereby agrees, to hold
in strict confidence and shall not make any disclosure (except to Holder) or use any Record or other information which the Company
determines in good faith to be confidential, and of which determination the Inspector is so notified, unless (a) the disclosure
of such Records is necessary to avoid or correct a misstatement or omission in any Registration Statement or is otherwise required
under the Securities Act, (b) the release of such Records is ordered pursuant to a final, non-appealable subpoena or order from
a court or government body of competent jurisdiction, or (c) the information in such Records has been made generally available
to the public other than by any action of the Holder or any of its representatives or as a result of a disclosure in violation
of this Agreement or any other agreement of which the Inspector and the Holder has knowledge. Holder agrees that it shall, upon
learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction or through other
means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure
of, or to obtain a protective order for, the Records deemed confidential.

 

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(j) The Company shall
hold in confidence and not make any disclosure of information concerning Holder provided to the Company unless (i) disclosure of
such information is necessary to comply with federal or state securities laws or the rules or regulations of the Principal Market,
(ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement,
(iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental
body of competent jurisdiction, or (iv) such information has been made generally available to the public other than by disclosure
in violation of this Agreement or any other agreement. The Company agrees that it shall, upon learning that disclosure of such
information concerning Holder is sought in or by a court or governmental body of competent jurisdiction or through other means,
give prompt written notice to Holder and allow Holder, at the Holder’s expense, to undertake appropriate action to prevent
disclosure of, or to obtain a protective order for, such information.

 

(k) The Company shall
use its best efforts either to cause all the Registrable Securities covered by a Registration Statement (i) to be listed on each
securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing
of such Registrable Securities is then permitted under the rules of such exchange or (ii) the inclusion for quotation on the Principal
Market. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(k).

 

(l) The Company shall
cooperate with Holder to facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing
the Registrable Securities to be offered pursuant to a Registration Statement and enable such certificates to be in such denominations
or amounts, as the case may be, as the Holder may reasonably request and registered in such name as the Holder may request.

 

(m) The Company shall
use its best efforts to cause the Registrable Securities covered by the applicable Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition of such Registrable
Securities.

 

(n) The Company shall
make generally available to its security holders as soon as practical, but not later than ninety (90) days after the close of the
period covered thereby, an earnings statement (in form complying with the provisions of Rule 158 under the Securities Act) covering
a twelve (12) month period beginning not later than the first day of the Company’s fiscal quarter next following the Effective
Date of the Registration Statement.

 

    11

     

    

 

(o) The Company shall
otherwise use its best efforts to comply with all applicable rules and regulations of the SEC in connection with any registration
hereunder.

 

(p) Within two (2) Business
Days after a Registration Statement which covers Registrable Securities is declared effective by the SEC, the Company shall deliver,
and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to
Holder) confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit
B.

 

(q) The Company shall
use its commercially reasonable efforts to take all other reasonable actions necessary to expedite and facilitate disposition by
Holder of Registrable Securities pursuant to a Registration Statement.

 

4. OBLIGATIONS OF
THE HOLDER.

 

(a) Holder agrees that,
upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3(f), Holder will immediately
discontinue disposition of Registrable Securities pursuant to any Registration Statement covering such Registrable Securities until
Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(f) or receipt of notice
that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent
to deliver unlegended certificates for shares of Common Stock to a transferee of Holder in accordance with the terms of the Securities
Purchase Agreement in connection with any sale of Registrable Securities with respect to which Holder has entered into a contract
for sale prior to the Holder’s receipt of a notice from the Company of the happening of any event of the kind described in
Section 3(f) or the first sentence of 3(e) and for which the Holder has not yet settled.

 

(b) Holder covenants
and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable to it or an exemption
therefrom in connection with sales of Registrable Securities pursuant to the Registration Statement.

 

5. EXPENSES OF REGISTRATION.

 

All expenses incurred
in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration,
listing and qualifications fees, printers, legal (which shall exclude fees and expenses of Inspector and counsel to the Holder)
and accounting fees, shall be paid by the Company.

 

    12

     

    

 

6. INDEMNIFICATION.

 

With respect to Registrable
Securities which are included in a Registration Statement under this Agreement:

 

(a) To the fullest extent
permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend Buyer, Holder, the directors, officers,
partners, employees, agents, representatives of, and each Person, if any, who controls Buyer or Holder within the meaning of the
Securities Act or the Exchange Act (each, an “Indemnified Person”), against any losses, claims, damages, liabilities,
judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses, joint or
several (collectively, “Claims”) incurred in investigating, preparing or defending any action, claim, suit,
inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or
other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party
thereto (“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions
or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement or
alleged untrue statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing
made in connection with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction
in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state
a material fact required to be stated therein or necessary to make the statements therein not misleading; (ii) any untrue statement
or alleged untrue statement of a material fact contained in any final prospectus (as amended or supplemented, if the Company files
any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact
necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not
misleading; or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law,
including, without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of
the Registrable Securities pursuant to a Registration Statement (the matters in the foregoing clauses (i) through (iii) being,
collectively, “Violations”). The Company shall reimburse the Buyer or Holder and each such controlling person
promptly as such expenses are incurred and are due and payable, for any legal fees or disbursements or other reasonable expenses
incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained
herein, the indemnification agreement contained in this Section 6(a): (x) shall not apply to a Claim by an Indemnified Person arising
out of or based upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company
by such Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such amendment
thereof or supplement thereto; (y) shall not be available to the extent such Claim is based on a failure of the Buyer or Holder
to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made available
by the Company pursuant to Section 3(c); and (z) shall not apply to amounts paid in settlement of any Claim if such settlement
is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity
shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall
survive the transfer of the Registrable Securities by the Buyer or Holder pursuant to Section 9 hereof.

 

    13

     

    

 

(b) In connection with
a Registration Statement, Buyer and Holder agrees to indemnify, hold harmless and defend, to the same extent and in the same manner
as is set forth in Section 6(a), the Company, each of its directors, each of its officers, employees, representatives, or agents
and each Person, if any, who controls the Company within the meaning of the Securities Act or the Exchange Act (each an “Indemnified
Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the Securities Act,
the Exchange Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or is based upon any Violation, in each
case to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information
furnished to the Company by Buyer or Holder expressly for use in connection with such Registration Statement; and, subject to Section
6(d), Buyer or Holder will reimburse any legal or other expenses reasonably incurred by it in connection with investigating or
defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement
with respect to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement
is effected without the prior written consent of Buyer or Holder, which consent shall not be unreasonably withheld; provided,
further, however, that the Buyer or Holder shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified
Damages as does not exceed the net proceeds to Buyer or Holder as a result of the sale of Registrable Securities pursuant to such
Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of such Indemnified Party and shall survive the transfer of the Registrable Securities by the Buyer or Holder pursuant to Section
9. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with
respect to any prospectus shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material
fact contained in the prospectus was corrected and such new prospectus was delivered to Buyer or Holder prior to Buyer’s
or Holder’s use of the prospectus to which the Claim relates.

 

(c) Promptly after receipt
by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including
any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of
the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel
mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided,
however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses
of not more than one (1) counsel for such Indemnified Person or Indemnified Party to be paid by the indemnifying party, if, in
the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person
or Indemnified Party and the indemnifying party would be inappropriate due to actual or potential differing interests between such
Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. The Indemnified Party
or Indemnified Person shall cooperate fully with the indemnifying party in connection with any negotiation or defense of any such
action or claim by the indemnifying party and shall furnish to the indemnifying party all information reasonably available to the
Indemnified Party or Indemnified Person which relates to such action or claim. The indemnifying party shall keep the Indemnified
Party or Indemnified Person fully apprised at all times as to the status of the defense or any settlement negotiations with respect
thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior
written consent; provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its
consent. No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified Person, consent
to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof
the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect
to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to
all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating to
the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable
time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified Person
or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend
such action.

 

    14

     

    

 

(d) The indemnification
required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation or defense,
as and when bills are received or Indemnified Damages are incurred.

 

(e) The indemnity agreements
contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person
against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law.

 

7. CONTRIBUTION.

 

To the extent any indemnification
by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided,
however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f)
of the Securities Act) shall be entitled to contribution from any seller of Registrable Securities who was not guilty of fraudulent
misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of
proceeds received by such seller from the sale of such Registrable Securities.

 

8. REPORTS UNDER
THE EXCHANGE ACT.

 

So long as Holder owns
Registrable Securities, with a view to making available to the Holder the benefits of Rule 144 promulgated under the Securities
Act or any similar rule or regulation of the SEC that may at any time permit the Holder to sell securities of the Company to the
public without registration (“Rule 144”) the Company agrees to:

 

(a) make and keep public
information available, as those terms are understood and defined in Rule 144;

 

(b) file with the SEC
in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act so long
as the Company remains subject to such requirements and the filing of such reports and other documents as are required by the applicable
provisions of Rule 144; and

 

(c) electronically furnish
to Holder, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements of
Rule 144, the Securities Act and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company and
such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit
the Holder to sell such securities pursuant to Rule 144 without registration.

 

    15

     

    

 

9. AMENDMENT OF
REGISTRATION RIGHTS.

 

Provisions of this
Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively
or prospectively), only with the written consent of the Company and Holder. Any amendment or waiver effected in accordance with
this Section 9 shall be binding upon Holder and the Company. No consideration shall be offered or paid to any Person to amend or
consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is offered to
all of the parties to this Agreement.

 

10. MISCELLANEOUS.

 

(a) A Person is deemed
to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable Securities or
owns the right to receive the Registrable Securities. If the Company receives conflicting instructions, notices or elections from
two (2) or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions,
notice or election received from the registered owner of such Registrable Securities.

 

(b) Any notices, consents,
waivers or other communications required or permitted to be given under the terms of this Agreement must be in writing and will
be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile or email
(provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party);
or (iii) one (1) business day after deposit with a nationally recognized overnight delivery service, in each case properly addressed
to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

	If
    to the Company, to:	9200
    Sunset Boulevard, Suite 1201
	 	West
    Hollywood, CA 90069
	 	Attention:
    CEO
	 	Telephone:
    (310) 601-2500
	 	Facsimile:
    (310) 601-2510
	 	Email: rob@livexlive.com
    and tenia@livexlive.com
	 	 
	With
    Copy to (which shall	Foley
    Shechter Ablovatskiy LLP
	not
    constitute notice):	1359
    Broadway, 20th Floor, Suite 2001
	 	New
    York, NY 10018
	 	Attention:
	 	Sasha
    Ablovatskiy, Esq.
	 	Telephone:
     (212) 335-0466
	 	Facsimile:
     (917) 688-4092
	 	Email:
    sablovatskiy@foleyshechter.com

 

If to Holder, to its address, email and
facsimile number on the signature page, with copies to Holder’s representatives as set forth on the signature page or to
such other address, email and/or facsimile number and/or to the attention of such other person as the recipient party has specified
by written notice given to each other party five (5) days prior to the effectiveness of such change. Written confirmation of receipt
(A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated
by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of
such transmission, (C) if by email, upon receipt (provided confirmation of transmission is mechanically or electronically
generated and kept on file by the sending party) or (D) provided by a courier or overnight courier service shall be rebuttable
evidence of personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

 

    16

     

    

 

(c) Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall
not operate as a waiver thereof.

 

(d) The laws of the State
of Delaware shall govern all issues concerning the relative rights of the Company and the Holder. All other questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State
of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware
or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Delaware. Each
party hereby irrevocably submits to the non-exclusive jurisdiction of the courts of the County of New Castle, 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. 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. 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 HEREWITH OR ARISING OUT OF THIS AGREEMENT
OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(e) This Agreement shall
inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto.

 

(f) The headings in this
Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

(g) This Agreement may
be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the
same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

    17

     

    

 

(h) 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 the 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.

 

(i) 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.

 

(j) 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.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK]

 

    18

     

    

 

IN WITNESS WHEREOF,
Buyer and the Company have caused their signature page to this Registration Rights Agreement to be duly executed as of the date
first above written.

 

	 	COMPANY:
	 	 	 
	 	LIVEXLIVE
    MEDIA, INC.
	 	 	 
	 	By:	/s/
    Robert S. Ellin
	 	Name: 	Robert
S. Ellin
	 	Title:	CEO
    and Chairman

 

    19

     

    

 

IN WITNESS WHEREOF,
Buyer and the Company have caused their signature page to this Registration Rights Agreement to be duly executed as of the date
first above written.

 

	 	BUYER:
	 	 	 
	 	HARVEST SMALL CAP PARTNERS, L.P.
	 	 	 
	 	By:	/s/
    Jeffrey Osher
	 	Name:	Jeffrey
Osher  
	 	Title:	Managing
    Member
	 	 	 
	 	HARVEST SMALL CAP PARTNERS MASTER, LTD.
	 	 
	 	By:
 	/s/
    Jeffrey Osher
	 	Name:	Jeffrey
    Osher
	 	Title:
	Managing
    Member  
	 	 	 
	 	Address for Notice:
	 	 	 
	 	505 Montgomery Street, Suite 1250
	 	San Francisco, CA 94111
	 	Email: jeff@nostreetcapital.com  
	 	 	 
	With
Copy to (which shall	 Keating Muething & Klekamp PLL
	not
constitute notice):	One East 4th Street, Suite 1400
	 	Cincinnati, Ohio 45202
	 	Attention: Michael J. Moeddel
	 	Telephone: (513) 639-3962
	 	Facsimile: (513) 579-6457
	 	Email: moeddelm@kmklaw.com

 

    20

     

    

 

Exhibit
A

 

SELLING
STOCKHOLDERS

 

AND
PLAN OF DISTRIBUTION

 

Selling Stockholders

 

The shares of Common
Stock being offered by the selling stockholders are issuable upon conversion of the Convertible Note and the Subscription Shares.
For additional information regarding the issuance of the Convertible Note, and Subscription Shares, see “Private Placement
of Convertible Note and Subscription Shares” above. We are registering the shares of Common Stock in order to permit the
selling stockholders to offer the shares for resale from time to time. Except as otherwise notes and except for the ownership of
the Convertible Note and the Subscription Shares issued pursuant to the Securities Purchase Agreement, the selling stockholders
have not had any material relationship with us within the past three years.

 

The table below lists
the selling stockholders and other information regarding the beneficial ownership of the shares of Common Stock by each of the
selling stockholders. The second column lists the number of shares of Common Stock beneficially owned by each selling stockholder,
based on its ownership of the Convertible Note and Subscription Shares, as of , 2020, assuming conversion of the Convertible
Note and the Subscription Shares held by the selling stockholders on that date, without regard to any limitations on conversions
or exercise.

 

The third column lists
the shares of Common Stock being offered by this prospectus by the selling stockholders.

 

In accordance with
the terms of a registration rights agreement with the selling stockholders, this prospectus generally covers the resale of at least
(i) 100% of the number of Conversion Shares issued and issuable pursuant to the Convertible Note as of the trading day immediately
preceding the date the registration statement is initially filed with the SEC, and (ii) the Subscription Shares. Because the conversion
price of the Convertible Note may be adjusted, the number of shares that will actually be issued may be more or less than the number
of shares being offered by this prospectus. The fourth column assumes the sale of all of the shares offered by the selling stockholders
pursuant to this prospectus.

 

	Name of Selling Stockholder	 	Number of Shares
 Owned Prior to
 Offering	 	 	Maximum Number
 of Shares to be Sold
 Pursuant to this
 Prospectus	 	 	Number of Shares
 Owned After
 Offering	 	 	Percentage
of
 Shares
 Beneficially
 Owned
After
 Offering
	 
	Harvest Small Cap Partners, L.P.	 	 	     	  	 	 	239,788	 	 	 	     	 	 	 	     	 
	Harvest Small Cap Partners Master, Ltd.	 	 	 	 	 	 	560,212	 	 	 	 	 	 	 	 	 

 

    A-1

     

    

 

Plan of Distribution

 

The Selling Stockholder
(the “Selling Stockholder”) of the common stock and any of their pledgees, assignees and successors-in-interest
may, from time to time, sell any or all of their shares of common stock on any stock exchange, market or trading facility on which
the shares are traded or in private transactions. These sales may be at fixed or negotiated prices. The Selling Stockholder may
use any one or more of the following methods when selling shares:

 

	 	·	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

 

	 	·	block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

 

	 	·	purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

 

	 	·	an exchange distribution in accordance with the rules of the applicable exchange;

 

	 	·	privately negotiated transactions;

 

	 	·	broker-dealers may agree with the Selling Stockholder to sell a specified number of such shares at a stipulated price per share;

 

	 	·	through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

 

	 	·	a combination of any such methods of sale; or

 

	 	·	any other method permitted pursuant to applicable law.

 

The Selling Stockholder
may also sell shares under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), if
available, rather than under this prospectus.

 

In connection with
the sale of the common stock or interests therein, the Selling Stockholder may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the common stock in the course of hedging the positions
they assume. The Selling Stockholder may also enter into option or other transactions with broker-dealers or other financial institutions
or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution
of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such transaction).

 

The Selling Stockholder
and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within
the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. The Selling Stockholder has informed the Company that it does not have any written or oral agreement
or understanding, directly or indirectly, with any person to distribute the Common stock. In no event shall any broker-dealer receive
fees, commissions and markups which, in the aggregate, would exceed eight percent (8%).

 

    A-2

     

    

 

The Company is required
to pay certain fees and expenses incurred by the Company incident to the registration of the shares. The Company has agreed to
indemnify the Selling Stockholder against certain losses, claims, damages and liabilities, including liabilities under the Securities
Act.

 

Because Selling Stockholder
may be deemed to be “underwriters” within the meaning of the Securities Act, it will be subject to the prospectus delivery
requirements of the Securities Act including Rule 172 thereunder. In addition, any securities covered by this prospectus which
qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this prospectus. There
is no underwriter or coordinating broker acting in connection with the proposed sale of the resale shares by the Selling Stockholder.

 

The Company agreed
to keep this prospectus effective until the earlier of (i) the date on which the shares may be resold by the Selling Stockholder
without registration and without regard to any volume limitations by reason of Rule 144(k) under the Securities Act or any other
rule of similar effect or (ii) all of the shares have been sold pursuant to this prospectus or Rule 144 under the Securities Act
or any other rule of similar effect. The resale shares will be sold only through registered or licensed brokers or dealers if required
under applicable state securities laws. In addition, in certain states, the resale shares may not be sold unless they have been
registered or qualified for sale in the applicable state or an exemption from the registration or qualification requirement is
available and is complied with.

 

Under applicable rules
and regulations under the Exchange Act, any person engaged in the distribution of the resale shares may not simultaneously engage
in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M,
prior to the commencement of the distribution. In addition, the Selling Stockholder will be subject to applicable provisions of
the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and
sales of shares of the common stock by the Selling Stockholders or any other person. The Company will make copies of this prospectus
available to the Selling Stockholder and has informed it of the need to deliver a copy of this prospectus to each purchaser at
or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

 

    A-3

     

    

 

Exhibit
B

 

FORM
OF NOTICE OF EFFECTIVENESS

OF REGISTRATION STATEMENT

 

Attention:

 

Re: LIVEXLIVE
MEDIA, INC.

 

Ladies and Gentlemen:

 

We are counsel to LiveXLive
Media, Inc., a Delaware corporation (the “Company”), and have represented the Company in connection with that
certain Securities Purchase Agreement, dated as of July 2, 2020 (as amended, the “Securities Purchase Agreement”)
entered into by and between the Company and No Street Capital LLC (the “Buyer”) pursuant to which the Company
issued to the Buyer, or its assignees, shares of its Common stock, par value $0.001 per share (the “Common Stock”).
Pursuant to the Securities Purchase Agreement, the Company also has entered into a Registration Rights Agreement, dated as of September
15, 2020, with Harvest Small Cap Partners, L.P. and Harvest Small Cap Partners Master, Ltd. (the “Registration Rights
Agreement”) pursuant to which the Company agreed, among other things, to register the Registrable Securities (as defined
in the Registration Rights Agreement) under the Securities Act of 1933, as amended (the “Securities Act”). In
connection with the Company’s obligations under the Registration Rights Agreement, on ______, the Company filed a Registration
Statement on Form (File No. 333-________ ) (the “Registration Statement”) with the U.S. Securities and Exchange
Commission (the “SEC”) relating to the Registrable Securities which names the Buyer as a selling stockholder
thereunder.

 

In connection with
the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has entered an order
declaring the Registration Statement effective under the Securities Act at [ENTER TIME OF EFFECTIVENESS] on [ENTER DATE
OF EFFECTIVENESS] and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop order
suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened by, the
SEC and the Registrable Securities are available for resale under the Securities Act pursuant to the Registration Statement.

 

	 	Very truly yours,
	 	 
	 	[Law Firm]
	 	 
	 	By:	 

 

	cc:	Harvest Small Cap Partners, L.P.
	 	 
	 	Harvest Small Cap
Partners Master, Ltd.

 

 

B-1Exhibit 10.1

      

       

      

      Execution Version

       

      EMPLOYMENT AGREEMENT

       

      THIS EMPLOYMENT AGREEMENT is made and entered into effective as of September 21, 2020 (the “Effective Date”), by and among Reliant Bancorp, Inc., a Tennessee
        corporation (“Company”); Reliant Bank, a Tennessee-chartered banking corporation (“Bank”); and Mark Seaton, a resident of the
        State of Tennessee (“Employee”). Company, Bank, and Employee are sometimes referred to herein collectively as the “Parties,” and
        each is sometimes referred to herein individually as a “Party.”

       

      R E C I T A L S

       

      A.          Company and Bank desire to employ Employee as Senior Vice President, Chief Accounting Officer and Controller of Company and Bank, and Employee desires to be so employed by Company and Bank.

       

      B.          The Parties desire to enter into this Agreement to set forth in writing the terms and conditions of Employee’s employment as Senior Vice President, Chief Accounting Officer and Controller of Company and
        Bank.

       

      AGREEMENT

       

      In consideration of the premises set forth above and the mutual agreements hereinafter set forth, effective as of the Effective Date, the Parties hereby agree as follows:

       

      1.           Definitions.  Whenever used in this Agreement, the following terms and their variant forms shall have the meanings set forth below:

       

      (a)          “Affiliate” shall mean, with respect to any entity, any other entity that controls, is controlled by, or is under common control with such
        entity. For this purpose, “control” means ownership of more than 50% of the ordinary voting power of the outstanding equity securities of an entity.

       

      (b)          “Agreement” shall mean this Employment Agreement together with any amendments hereto made in the manner described in this Agreement.

       

      (c)          “Boards of Directors” shall mean, collectively, the board of directors of Company and the board of directors of Bank and, where appropriate, any
        committee or other designee thereof.

       

      (d)          “Business of Employer” shall mean any business conducted from time to time by Company or Bank or any of their respective Affiliates, including
        the business of commercial, retail, mortgage, and consumer banking.

       

      (e)          “Cause” shall mean, in the context of the termination of this Agreement by Employer:

       

      (i)          a material breach of the terms of this Agreement by Employee not cured by Employee within 10 business days after Employee’s receipt of Employer’s written notice thereof, including without limitation
        failure by Employee to perform Employee’s duties and responsibilities in the manner and to the extent required under this Agreement;

       

      (ii)         any act by Employee of fraud against, misappropriation from, or dishonesty to Company or Bank or any Affiliate of Company or Bank;

       

      
        
          

      

      
      (iii)        the conviction of Employee of, or Employee’s plea of guilty or nolo contendere to, a felony or any crime involving fraud or moral turpitude;

       

      (iv)        conduct by Employee that amounts to willful misconduct, gross neglect, or a material failure to perform Employee’s duties and responsibilities hereunder, including prolonged absences without the written
        consent of the Chief Executive Officer or President of Company; provided that the nature of such conduct shall be set forth with reasonable particularity in a written notice to Employee who shall have 10
        business days following delivery of such notice to cure such alleged conduct, provided that such conduct is, in the reasonable discretion of the Chief Executive Officer of Company, susceptible to a cure;

       

      (v)         the exhibition by Employee of a standard of behavior within the scope of or related to Employee’s employment that is in violation of any written policy, board committee charter, or code of ethics or
        business conduct (or similar code) of Company or Bank or any Affiliate of Company or Bank to which Employee is subject; provided that the nature of such behavior shall be set forth with reasonable
        particularity in a written notice to Employee who shall have 10 business days following delivery of such notice to cure such alleged behavior, provided that such behavior is, in the reasonable discretion of
        the Chief Executive Officer of Company, susceptible to a cure;

       

      (vi)        conduct or behavior by Employee, including without limitation conduct or behavior that is unethical and/or involves moral turpitude, that, in the reasonable opinion of the Chief Executive Officer or
        President of Company, has harmed or could reasonably be expected to harm, in each case in any material respect, the business or reputation of Company or Bank or any of their respective Affiliates;

       

      (vii)       receipt of any form of written notice that any regulatory agency or authority having jurisdiction over Company or Bank or any Affiliate of Company or Bank has instituted any form of regulatory action
        against Employee; or

       

      (viii)     Employee’s removal from office and/or permanent prohibition from participating in the conduct of Company’s or Bank’s affairs as a result of an order issued under Section 8(e) or Section 8(g) of the Federal
        Deposit Insurance Act (12 U.S.C. § 1818(e) and (g)).

       

      (f)          “Change in Control” shall mean:

       

      (i)          a change in the ownership of Company or Bank within the meaning of Treasury Regulations § 1.409A-3(i)(5)(v);

       

      (ii)         a change in the effective control of Company or Bank within the meaning of Treasury Regulations § 1.409A-3(i)(5)(vi); or

       

      (iii)        a change in the ownership of a substantial portion of Company’s or Bank’s assets within the meaning of Treasury Regulations § 1.409A-3(i)(5)(vii), substituting 80% for 40% under Treasury Regulations §
        1.409A-3(i)(5)(vii)(A).

       

      (g)          “Code” shall mean the Internal Revenue Code of 1986, as amended.

       

      (h)          “Competing Business” shall mean any person (other than an Affiliate of Company or Bank) that is conducting any business that is the same or
        substantially the same as the Business of Employer.

       

      
        2

        
          

      

      (i)          “Confidential Information” shall mean all information not generally available to and known by the public, whether spoken, printed, electronic, or
        in any other form or medium, relating to the business, practices, policies, plans, prospects, operations, results of operations, financial condition or results, strategies, know-how, patents, trade secrets, inventions, intellectual property,
        records, suppliers, vendors, customers, clients, products, services, employees, independent contractors, personnel, systems, or internal controls of Company or Bank or any Affiliate of Company or Bank, or of any other person that has entrusted
        information to Company or Bank or any Affiliate of Company or Bank in confidence, as well as any other information that is marked or otherwise identified as confidential or proprietary or that would otherwise appear to a reasonable person to be
        confidential or proprietary in the context and under the circumstances in which the information is known or used. The term “Confidential Information” shall include information developed by Employee in the course of Employee’s employment by Employer
        as if Employer furnished such information to Employee in the first instance. The term “Confidential Information” shall not include information that, through no fault of Employee or person(s) acting in concert with Employee or on Employee’s behalf,
        is generally available to and known by the public at the time of disclosure to Employee or thereafter becomes generally available to and known by the public.

       

      (j)          “Disability” shall mean the inability of Employee to engage in any substantial gainful activity by reason of any medically determinable physical
        or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.

       

      (k)          “Employer” shall mean, collectively, Company and Bank.

       

      (l)          “Good Reason” shall mean, in the context of the termination of this Agreement by Employee:

       

      (i)          a material diminution in Employee’s Annual Base Salary which is not consented to by Employee in writing;

       

      (ii)         a material diminution in Employee’s authority, duties, or responsibilities, as compared to Employee’s authority, duties, and responsibilities as of the Effective Date, which is not consented to by
        Employee in writing;

       

      (iii)        a change in the location of Employee’s primary office such that Employee is required to report regularly to an office located outside of a 75-mile radius from the location of Employee’s primary office as
        of the Effective Date, which change is not consented to by Employee in writing; or

       

      (iv)        a material breach of the terms of this Agreement by Employer.

       

      (m)         “IRS” shall mean the United States Internal Revenue Service.

       

      (n)          “Post-Termination Period” shall mean a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective
        date of the termination of Employee’s employment.

       

      (o)          “Separation from Service” shall have the meaning set forth in, and whether Employee has experienced a Separation from Service shall be determined
        by Employer in accordance with, Treasury Regulations § 1.409A-1(h).

       

      
        3

        
          

      

      2.           Employee Duties.

       

      (a)          Position(s); Reporting.  Employee will be employed as Senior Vice President, Chief Accounting Officer and Controller of Company and
        Bank and shall perform and discharge faithfully the duties and responsibilities which may be assigned to Employee from time to time in connection with the conduct of the business of Employer. The duties and responsibilities of Employee shall be
        commensurate with those of individuals holding similar positions at other banks and bank or financial holding companies similarly organized and of comparable size and complexity. Employee shall report directly to the Chief Financial Officer of
        Company and Bank.

       

      (b)          Full-Time Status.  In addition to the duties and responsibilities specifically assigned to Employee under Section 2(a), Employee shall:

       

      (i)          subject to Section 2(c), during regular business hours, devote substantially all of Employee’s time, energy, attention, and skill to the performance of the duties and responsibilities of
        Employee’s employment (reasonable vacations, approved leaves of absence, and reasonable absences due to illness excepted) and faithfully and industriously perform such duties and responsibilities;

       

      (ii)         diligently follow and implement all reasonable and lawful policies and decisions communicated to Employee by the Chief Executive Officer, President, or Chief Financial Officer of Company or Bank or the
        Boards of Directors; and

       

      (iii)        timely prepare and forward to the Chief Executive Officer, President, or Chief Financial Officer of Company or Bank or the Boards of Directors, as applicable, all reports and accountings as may be
        reasonably requested of Employee.

       

      (c)          Permitted Activities.  Employee shall devote substantially all of Employee’s business time, attention, and energies to the Business of
        Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit, or other pecuniary advantage, provided that, as long as the following activities do not interfere with Employee’s obligations to Employer, this Section 2(c) shall not be construed as preventing Employee from:

       

      (i)          investing Employee’s personal assets in any manner which will not require any services on the part of Employee in the operations or affairs of the subject entity and in which Employee’s participation is
        solely that of a passive investor, provided that such investment activity following the Effective Date shall not result in Employee owning beneficially at any time 2% or more of the equity securities of any
        Competing Business; or

       

      (ii)         participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, or teaching, so long as any such activities do not interfere with the ability of
        Employee to effectively discharge Employee’s duties and responsibilities hereunder, provided that the Chief Executive Officer or President of Company, the board of directors of Company, or the board of
        directors of Bank may direct Employee in writing to resign from any such organization and/or cease any such activities in the event it reasonably determines that continued membership in such organization and/or activities of the type identified
        would not be in the best interests of Company or Bank or any of their Affiliates.

       

      

      
        4

        
          

      

      3.           Term.  The initial term of this Agreement (the “Initial Term”) shall commence on and as of the Effective Date and, unless this Agreement
        is sooner terminated in accordance with its terms, shall end on the date which is the one-year anniversary of the Effective Date. At the end of the Initial Term (and the end of any one-year renewal term(s) herein provided for), this Agreement will
        automatically renew for an additional, successive term of one year, unless Employer, on the one hand, or Executive, on the other, gives the other Party written notice of such Party’s election to terminate this Agreement as of the end of the Initial
        Term (or then-current renewal term) at least 60 days prior to the end of the Initial Term (or then-current renewal term). The Initial Term and any and all such renewal terms are referred to together herein as the “Term.”

       

      4.           Compensation.  During the Term, Employer shall compensate Employee as follows:

       

      (a)          Annual Base Salary.  Employee shall be compensated at a base annual rate of $230,000 per year (the “Annual Base Salary”). Employee’s Annual Base Salary will be reviewed at least annually for adjustment based on an evaluation of Employee’s performance. Employee’s Annual Base Salary shall be payable in accordance with
        Employer’s normal payroll practices.

       

      (b)          Annual Cash Incentive Compensation.

       

      (i)          Employee shall be eligible to receive such annual cash incentive compensation, if any, as may be determined by, and based on performance measures established by, the board of directors of Company or the
        board of directors of Bank, or in each case an appropriate committee thereof (or its designee), consistent with the strategic plan of Company and Bank, pursuant to any incentive compensation plan or program that may be adopted from time to time by
        the board of directors of Company or the board of directors of Bank (“Incentive Compensation”).

       

      (ii)         Any Incentive Compensation earned shall be payable in cash not later than March 15th of the calendar year following the calendar year in which the Incentive Compensation is earned in accordance with
        Employer’s normal practices for the payment of short-term incentives. The payment of any Incentive Compensation shall be subject to and conditioned on Employee being employed by Employer on December 31st of the calendar year in which the Incentive
        Compensation is earned, Employee’s employment with Employer having not been terminated by Employer for Cause prior to the payment of such Incentive Compensation, and the receipt of any approvals or non-objections required from or by any regulatory
        agency or authority having jurisdiction over Company or Bank, and it is acknowledged by the Parties that it is possible that Employee may not be eligible to receive any such Incentive Compensation if Company or Bank is
        subject to restrictions imposed on Company or Bank by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Tennessee Department of Financial Institutions, or any other regulatory agency or authority,
        or if Company or Bank is otherwise restricted from making payment of such Incentive Compensation under applicable law, rule, or regulation.

       

      (c)          Cell Phone Allowance.  Employee shall receive a cell phone allowance of $100 per month, which amount shall be subject to
          applicable withholdings. Employee acknowledges that Employer makes no representation with respect to the taxability or non-taxability of the benefits provided under this Section 4(c).

       

      (d)          Business Expenses.  Subject to the reimbursement policies of Employer in effect from time to time and consistent with the annual budget
        approved for the period during which an expense is incurred, Employer will reimburse Employee for reasonable business expenses incurred by Employee in the performance of Employee’s duties hereunder; provided,
        however, that, as a condition to any such reimbursement, Employee shall submit verification of the nature and amount of such expenses in accordance with said reimbursement policies. Employee acknowledges
        that Employer makes no representation with respect to the taxability or non-taxability of the benefits provided under this Section 4(d).

       

      
        5

        
          

      

      (e)          Vacation.  On a non-cumulative basis, Employee shall be entitled to 20 days paid vacation per calendar year, prorated for any partial calendar year of service. The
        provisions of this Section 4(e) shall apply notwithstanding any less generous vacation policy then maintained by Employer, but Employee’s use of such paid vacation shall otherwise be in accordance with Employer’s vacation policy as in
        effect from time to time.

       

      (f)          Other Benefits. In addition to the benefits specifically described in this Agreement, Employee shall be entitled to such other benefits as may be available from
        time to time to employees of Bank generally, including, by way of example only, retirement plan and health, dental, life, and disability insurance benefits. All such benefits shall be awarded and administered in accordance with the written terms of
        any applicable benefit plan or, if no written terms exist, Bank’s standard policies and practices relating to such benefits.

       

      (g)          Reimbursement of Expenses; In-Kind Benefits.  All expenses described in this Agreement as eligible for reimbursement must be incurred by Employee during the Term of
        this Agreement to be eligible for reimbursement. Any in-kind benefits provided by Employer must be provided during the Term of this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one
        taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year. Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such
        reimbursement be paid after the last day of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement, nor in-kind benefits, shall be subject to liquidation or exchange for other benefits.

       

      (h)          Claw Back of Compensation.  Employee agrees to repay promptly, at the written request of Employer, any compensation (including
        incentive compensation) previously paid or otherwise made available to Employee, under this Agreement or any other agreement or arrangement with Company or Bank, which is subject to recovery under any law, rule, or regulation (including any rule of
        any exchange on which any securities of Company are listed or traded). Employee agrees to repay promptly any such compensation identified by Company or Bank. If Employee fails to repay any such compensation promptly, Employee agrees that the amount
        of such compensation may be deducted from any and all other compensation owed to Employee under this Agreement or otherwise. Employee acknowledges that Employer may take appropriate disciplinary action (up to, and including, termination of
        Employee’s employment for Cause) if Employee fails to promptly repay any such compensation.

       

      5.           Termination of Employment.

       

      (a)          Termination by Employer.  During the Term, Employee’s employment may be terminated by Employer:

       

      (i)          at any time for Cause, as determined by the Chief Executive Officer of Company; or

       

      
        6

        
          

      

      (ii)         at any time without Cause (provided that Employer shall give Employee at least 30 days prior written notice of its intent to terminate), in which event Employer
        shall be required to (A) pay to Employee (or, in the event of Employee’s death, Employee’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit equal to one times Employee’s Annual Base Salary as of the date of
        termination, said benefit to be payable in equal installments over the course of the 12-month period beginning 60 days following termination in accordance with Employer’s normal payroll practices, and (B) if Employee timely and properly elects
        health continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), timely pay on behalf of Employee the monthly (or other) COBRA premium for such
        coverage for Employee and his dependents until the earliest of (1) the one-year anniversary of the date of termination of Employee’s employment, (2) the date Employee is no longer eligible to receive COBRA continuation coverage, and (3) the date on
        which Employee becomes eligible to receive substantially similar coverage from another employer (notice of which eligibility Employee shall promptly give to Employer). Notwithstanding the foregoing, if payments under clause (B) of this Section
          5(a)(ii) would cause Employer to violate the nondiscrimination rules applicable to non-grandfathered plans under the Affordable Care Act (the “ACA”), or result in the imposition of
        penalties under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform clause (B) of this Section 5(a)(ii) in such manner as is necessary to comply with the ACA while, to the extent reasonably
        practicable, preserving the benefit provided for in clause (B) of this Section 5(a)(ii). Notwithstanding the foregoing, Employer shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by
        this Section 5(a)(ii) unless within 45 days after the date of termination of Employee’s employment Employee executes and delivers to Employer a separation agreement containing a full release of claims and covenant not to sue, the same to be
        in the form provided by and otherwise reasonably satisfactory to Employer (the “Separation Agreement”), and the Separation Agreement becomes fully effective within 60 days after the date
        of termination of Employee’s employment. Additionally, Employer shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 5(a)(ii), and the payment of the same by Employer
        shall immediately cease, in the event of a breach by Employee of Section 7 or Section 8.

       

      (b)          Termination by Employee.  During the Term, Employee’s employment may be terminated by Employee:

       

      (i)          at any time for Good Reason, provided that (A) before terminating his employment for Good Reason, (1) Employee shall give notice to
        Employer of the existence of Good Reason for termination, which notice must be given by Employee to Employer within 60 days of the initial existence of the condition(s) giving rise to Good Reason for termination and shall state with reasonable
        detail the condition(s) giving rise to Good Reason for termination and (2) Employer shall have 30 days from the effective date of such notice to remedy the condition(s) giving rise to Good Reason for termination and (B) such termination must occur
        within 12 months of the initial existence of the condition(s) giving rise to Good Reason for termination. In the event of the termination of Employee’s employment for Good Reason, Employer shall be required to (X) pay to Employee (or, in the event
        of Employee’s death, Employee’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit equal to (1) if termination is for Good Reason as defined in Section 1(l)(ii), Section 1(l)(iii), or Section
          1(l)(iv), one times Employee’s Annual Base Salary as of the date of termination, said benefit to be payable in equal installments over the course of the 12-month period beginning 60 days following termination in accordance with Employer’s
        normal payroll practices, or (2) if termination is for Good Reason as defined in Section 1(l)(i), one times Employee’s Annual Base Salary immediately prior to the diminution in Annual Base Salary giving rise to termination, said benefit to
        be payable in equal installments over the course of the 12-month period beginning 60 days following termination in accordance with Employer’s normal payroll practices, and (Y) if Employee timely and properly elects health continuation coverage
        under COBRA, timely pay on behalf of Employee the monthly (or other) COBRA premium for such coverage for Employee and his dependents until the earliest of (1) the one-year anniversary of the date of termination of Employee’s employment, (2) the
        date Employee is no longer eligible to receive COBRA continuation coverage, and (3) the date on which Employee becomes eligible to receive substantially similar coverage from another employer, notice of which eligibility Employee shall promptly
        give to Employer (provided that, if Employer making payments under this clause (Y) would violate the nondiscrimination rules applicable to non-grandfathered plans under the ACA, or result in the imposition
        of penalties under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform this clause (Y) in such manner as is necessary to comply with the ACA while, to the extent reasonably practicable, preserving
        the benefit provided for in this clause (Y)). Notwithstanding the foregoing, Employer shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 5(b)(i) unless within 45 days
        after the date of termination of Employee’s employment Employee executes and delivers to Employer the Separation Agreement and the Separation Agreement becomes fully effective within 60 days after the date of termination of Employee’s employment.
        Additionally, Employer shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 5(b)(i), and the payment of the same by Employer shall immediately cease, in the event of a
        breach by Employee of Section 7 or Section 8; or

       

      
        7

        
          

      

      (ii)         at any time without Good Reason, provided that Employee shall give Employer at least 30 days prior written notice of Employee’s intent to terminate (provided further, however, that Employer may waive all or any part of such notice period for no consideration by giving written notice to Employee and, in such event,
        Employee’s employment will terminate as of the date designated by Employer).

       

      (c)          Termination Upon Disability.  During the Term, Employee’s employment may be terminated by Employer upon the Disability of Employee, provided that Employer shall give Employee at least 30 days prior written notice of its intent to terminate. For the avoidance of doubt, termination for Disability under this Section 5(c) shall not be
        considered termination without Cause.

       

      (d)          Termination Upon Death.  Employee’s employment shall terminate automatically upon the death of Employee. For the avoidance of doubt, termination of Employee’s
        employment upon the death of Employee under this Section 5(d) shall not be considered termination without Cause.

       

      (e)          Termination by Mutual Agreement.  During the Term, Employee’s employment may be terminated at any time by mutual written agreement of the Parties.

       

      (f)          Non-Renewal of Agreement.  For the avoidance of doubt, the Parties expressly acknowledge and agree that neither the election by a Party to not renew, and therefore
        to terminate, this Agreement pursuant to Section 3 nor the termination of Employee’s employment at the end of the Term in connection with any such election shall give rise to any severance or other payment or benefit to Employee under this
        Agreement.

       

      (g)          Effect of Termination; Resignation.  Upon the termination of Employee’s employment, Employer shall have no further obligations to Employee or Employee’s estate,
        heirs, beneficiaries, executors, administrators, or legal or personal representatives under or with respect to this Agreement, except for the payment of any amounts earned and owing under Sections 4(a)-(c) as of the effective date of
        the termination of Employee’s employment and any payment(s) required by Section 5(a)(ii), Section 5(b)(i), or Section 6. Further, upon the termination of Employee’s employment, (i) if Employee is a member of the board of
        directors of Company or the board of directors of Bank, or the board of directors of any Affiliate of Company or Bank, Employee shall, at the request of Employer, resign from Employee’s position(s) on such boards, and (ii) Employee shall, at the
        request of Employer, resign from any officer position(s) held by Employee at any Affiliate of Company or Bank, in each case with any and all such resignations to be effective not later than the date on which Employee’s employment is terminated
        unless a later effective date is agreed to by Employer.

       

      
        8

        
          

      

      6.           Change in Control.

       

      (a)          If, within 12 months following a Change in Control, Employer (or any successor of or to Employer) terminates Employee’s employment without Cause, Employer (or its successor) shall be required to (i) pay to
        Employee (or, in the event of Employee’s death, Employee’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit in an amount equal to one times Employee’s Annual Base Salary as of the date of termination, said benefit
        to be payable in equal installments over the course of the 12-month period beginning 60 days following termination in accordance with Employer’s (or its successor’s) normal payroll practices, and (ii) if Employee timely and properly elects health
        continuation coverage under COBRA, timely pay on behalf of Employee the monthly (or other) COBRA premium for such coverage for Employee and his dependents until the earliest of (A) the 12-month anniversary of the date of termination of Employee’s
        employment, (B) the date Employee is no longer eligible to receive COBRA continuation coverage, and (C) the date on which Employee becomes eligible to receive substantially similar coverage from another employer (notice of which eligibility
        Employee shall promptly give to Employer (or its successor)). Notwithstanding the foregoing, if payments under clause (ii) of this Section 6(a) would cause Employer (or its successor) to violate the nondiscrimination rules applicable to
        non-grandfathered plans under the ACA, or result in the imposition of penalties under the ACA and the related regulations and guidance promulgated thereunder, the Parties agree to reform clause (ii) of this Section 6(a) in such manner as is
        necessary to comply with the ACA while, to the extent reasonably practicable, preserving the benefit provided for in clause (ii) of this Section 6(a). Notwithstanding the foregoing, Employer (or its successor) shall have no obligation to
        pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 6(a) unless within 45 days after the date of termination of Employee’s employment Employee executes and delivers to Employer (or its successor)
        the Separation Agreement and the Separation Agreement becomes fully effective within 60 days after the date of termination of Employee’s employment. Additionally, Employer (or its successor) shall have no obligation to pay the severance benefit or
        the monthly (or other) COBRA premiums contemplated by this Section 6(a), and the payment of the same by Employer (or its successor) shall immediately cease, in the event of a breach by Employee of Section 7 or Section 8.

       

      (b)          If, within 12 months following a Change in Control, Employee terminates his employment with Employer (or its successor) for Good Reason (provided that (x) before
        terminating his employment for Good Reason, Employee shall give notice to Employer (or its successor) of the existence of Good Reason for termination, which notice must be given by Employee to Employer (or its successor) within 60 days of the
        initial existence of the condition(s) giving rise to Good Reason for termination and shall state with reasonable detail the condition(s) giving rise to Good Reason for termination, and Employer (or its successor) shall have 30 days from the
        effective date of such notice to remedy the condition(s) giving rise to Good Reason for termination and (y) such termination must occur within 12 months of the initial existence of the condition(s) giving rise to Good Reason for termination),
        Employer (or its successor) shall be required to (i) pay to Employee (or, in the event of Employee’s death, Employee’s estate, heirs, or designated beneficiaries, as the case may be) a severance benefit in an amount equal to (A) if termination is
        for Good Reason as defined in Section 1(l)(ii), Section 1(l)(iii), or Section 1(l)(iv), one times Employee’s Annual Base Salary as of the date of termination, said benefit to be payable in equal installments over the course
        of the 12-month period beginning 60 days following termination in accordance with Employer’s (or its successor’s) normal payroll practices, or (B) if termination is for Good Reason as defined in Section 1(l)(i), one times Employee’s Annual
        Base Salary immediately prior to the diminution in Annual Base Salary giving rise to termination, said benefit to be payable in equal installments over the course of the 12-month period beginning 60 days following termination in accordance with
        Employer’s (or its successor’s) normal payroll practices, and (ii) if Employee timely and properly elects health continuation coverage under COBRA, timely pay on behalf of Employee the monthly (or other) COBRA premium for such coverage for Employee
        and his dependents until the earliest of (A) the 12-month anniversary of the date of termination of Employee’s employment, (B) the date Employee is no longer eligible to receive COBRA continuation coverage, and (C) the date on which Employee
        becomes eligible to receive substantially similar coverage from another employer, notice of which eligibility Employee shall promptly give to Employer (or its successor) (provided that, if Employer (or its
        successor) making payments under this clause (ii) would violate the nondiscrimination rules applicable to non-grandfathered plans under the ACA, or result in the imposition of penalties under the ACA and the related regulations and guidance
        promulgated thereunder, the Parties agree to reform this clause (ii) in such manner as is necessary to comply with the ACA while, to the extent reasonably practicable, preserving the benefit provided for in this clause (ii)). Notwithstanding the
        foregoing, Employer (or its successor) shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 6(b) unless within 45 days after the date of termination of Employee’s
        employment Employee executes and delivers to Employer (or its successor) the Separation Agreement and the Separation Agreement becomes fully effective within 60 days after the date of termination of Employee’s employment. Additionally, Employer (or
        its successor) shall have no obligation to pay the severance benefit or the monthly (or other) COBRA premiums contemplated by this Section 6(b), and the payment of the same by Employer (or its successor) shall immediately cease, in the
        event of a breach by Employee of Section 7 or Section 8.

       

      
        9

        
          

      

      (c)          For the avoidance of doubt, if Employee becomes entitled to the compensation and benefits provided for in Section 6(a) or Section 6(b), Employee will not also be entitled to the
        compensation and benefits provided for in Section 5(a)(ii) or Section 5(b)(i).

       

      7.           Confidential Information.

       

      (a)          Employee understands and acknowledges that, during the course of Employee’s employment with Employer, Employee has had and will have access to and has learned and will learn of and about Confidential
        Information. Employee acknowledges and agrees that all Confidential Information of Company or Bank or their respective Affiliates that Employee accesses, receives, learns of, or develops while Employee is employed by Employer, or that Employee has
        previously accessed, received, learned of, or developed while employed by Employer, shall be and will remain the sole and exclusive property of Company and Bank and their respective Affiliates.

       

      (b)          Employee understands and acknowledges that Company and Bank and their respective Affiliates have invested, and continue to invest, substantial time, money, and specialized knowledge into developing their
        resources, creating a customer base, generating customer and potential customer lists, training their employees, and improving their offerings in the field of banking and financial services. Employee understands and acknowledges that, as a result
        of these efforts, Company and Bank and their respective Affiliates have created and continue to create and use Confidential Information, and that the Confidential Information provides Company and Bank and their respective Affiliates with a
        competitive advantage over others in the marketplace.

       

      (c)          Employee covenants and agrees (i) to treat all Confidential Information as strictly confidential; (ii) not to directly or indirectly disclose, publish, communicate, or make available Confidential
        Information, or allow it to be disclosed, published, communicated, or made available, in whole or in part, to any person whatsoever (including other employees of Company or Bank or their respective Affiliates) not having a need to know and
        authority to know and use the Confidential Information in connection with the business of Company or Bank or their respective Affiliates, and, in any event, not to anyone outside of the direct employ of Company or Bank or their respective
        Affiliates except as required in the performance of Employee’s authorized employment duties to Employer or with the prior consent of the Chief Executive Officer, President, or Chief Financial Officer of Company in each instance (in which case such
        disclosure shall be made only within the limits and to the extent of such duties or consent); and (iii) not to access or use any Confidential Information, and not to copy any documents, records, files, media, or other resources containing any
        Confidential Information, or remove any such documents, records, files, media, or other resources from the premises or control of Company or Bank or any of their respective Affiliates, except as required in the performance of Employee’s authorized
        employment duties to Employer or with the prior consent of the Chief Executive Officer, President, or Chief Financial Officer of Company in each instance (in which case such access, use, copying, or removal shall be only within the limits and to
        the extent of such duties or consent).

       

      
        10

        
          

      

      (d)          Nothing herein shall be construed to prevent disclosure of Confidential Information as may be required by applicable law, rule, or regulation or pursuant to the valid order of a court of competent
        jurisdiction or a government agency, provided that the disclosure does not exceed the extent of disclosure required by such law, rule, regulation, or order. Employee shall promptly provide written notice of
        any such order to the Chief Executive Officer, President, or Chief Financial Officer of Company. Additionally, and without limiting the foregoing, nothing herein shall prohibit or restrict Employee (or Employee’s attorney) from initiating
        communications directly with, responding to an inquiry from, or providing testimony before the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, any other self-regulatory organization, or any other federal or
        state regulatory authority.

       

      (e)          Notwithstanding any other provision of this Agreement:

       

      (i)          Employee will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade
          secret that (A) is made (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and (2) solely for the purpose of reporting or investigating a suspected violation of law, or (B) is
          made in a complaint or other document filed under seal in a lawsuit or other proceeding; and

       

      (ii)          If Employee files a lawsuit for retaliation by Employer for reporting a suspected violation of law, Employee may disclose trade
          secrets to Employee’s attorney and use the trade secret information in the court proceeding if Employee (A) files any document containing trade secrets under seal and (B) does not disclose trade secrets, except pursuant to court order.

       

      (f)          Employee understands and acknowledges that Employee’s obligations under this Agreement with regard to any particular Confidential Information shall commence, or shall be deemed to have commenced,
        immediately upon Employee first having access to such Confidential Information (whether before or after the Effective Date) and shall continue during and after Employee’s employment by Employer until such time as such Confidential Information has
        become public knowledge other than as a result of Employee’s breach of this Agreement or a breach by any person acting in concert with or at the direction of Employee or acting on Employee’s behalf.

       

      (g)          At any time upon request by Employer, and in any event upon termination of Employee’s employment with Employer, Employee will promptly deliver to Employer all property of or belonging to Company or Bank or
        their Affiliates, including without limitation all Confidential Information, then in Employee’s possession or control.

       

      8.           Restrictive Covenants.

       

      (a)          Non-Solicitation of Customers.  Employee agrees that, during the period of Employee’s employment by Employer and, in the event of the termination of Employee’s
        employment for any reason, for the duration of the Post-Termination Period, Employee will not directly or indirectly (except on behalf of or with the prior written consent of Employer), on Employee’s own behalf or in the service of or on behalf of
        others, solicit or contact or attempt to solicit or contact (by mail, email, courier, facsimile, telephone, instant or text message, social media, or otherwise), or meet with (in person, via video conference, or otherwise), any customer of Company
        or Bank or any Affiliate of Company or Bank, or any prospective customer of Company or Bank or any Affiliate of Company or Bank known by Employee to be sought by Company or Bank or any Affiliate of Company or Bank, for purposes of selling,
        offering, or providing products or services that are competitive with those sold, offered, or provided by Company or Bank or any Affiliate of Company or Bank.

       

      
        11

        
          

      

      (b)          Non-Solicitation of Employees.  Employee agrees that, during the period of Employee’s employment by Employer and, in the event of the termination of Employee’s
        employment for any reason, for the duration of the Post-Termination Period, Employee will not directly or indirectly (except on behalf of or with the prior written consent of Employer), on Employee’s own behalf or in the service of or on behalf of
        others, solicit, recruit, or hire, or attempt to solicit, recruit, or hire, any employee of Company or Bank or any Affiliate of Company or Bank, or otherwise induce or attempt to induce any such employee to terminate his or her employment with
        Company or Bank or any Affiliate of Company or Bank, regardless of whether the employee is a full-time, part-time, or temporary employee of Company or Bank or an Affiliate of Company or Bank or the employee’s employment is pursuant to a written
        agreement, for a determined period, or at will.

       

      (c)          Affiliation with New Financial Institution.  Employee agrees that, during the period of Employee’s employment by Employer and, in the event of the termination of
        Employee’s employment for any reason, for the duration of the Post-Termination Period, Employee will not work for or with, consult for, or otherwise be affiliated with or be employed by any person or group of persons proposing to establish a new
        bank or other financial institution.

       

      (d)          Non-Disparagement.  Employee agrees that, both during the period of Employee’s employment by Employer hereunder and following the termination of Employee’s
        employment, Employee will not make any disparaging statements or remarks (written or oral) about Company or Bank or any Affiliate of Company or Bank or any of their respective officers, directors, employees, shareholders, agents, or
        representatives. Employer agrees that, following the termination of Employee’s employment, Employer will instruct its directors and senior executive officers to refrain from making any disparaging statements or remarks (written or oral) about
        Employee.

       

      (e)          Modification.  The Parties agree that the provisions of this Agreement represent a reasonable balancing of their respective interests and have attempted to limit
        the restrictions imposed on Employee to those necessary to protect Employer from inevitable disclosure of Confidential Information and unfair competition. The Parties agree that, if the scope or enforceability of this Agreement is in any way
        disputed at any time and a court or other trier of fact determines that the scope of the restrictions contained in this Agreement is overbroad, then such court or other trier of fact may modify the scope of the restrictions contained in this
        Agreement.

       

      (f)          Tolling.  Employee agrees that, in the event Employee breaches this Section 8, the Post-Termination Period shall be tolled during, and therefore extended
        by, the period of such breach.

       

      (g)          Remedies.  Employee agrees that the covenants contained in Section 7 and Section 8 are of the essence of this Agreement; that each of such covenants
        is reasonable and necessary to protect the business, interests, and properties of Company and Bank and their respective Affiliates; and that irreparable loss and damage will be suffered by Employer should Employee breach any of such covenants.
        Therefore, Employee agrees and consents that, in addition to all other remedies provided by or available at law or in equity, Employer shall be entitled to a temporary restraining order and temporary and permanent injunctions to prevent a breach or
        contemplated or threatened breach of any of the covenants contained in Section 7 or Section 8 and that, in such event, Employer shall not be required to post a bond. Employer and Employee agree that all remedies available to
        Employer shall be cumulative.

       

      
        12

        
          

      

      9.           Severability.  The Parties agree that each of the provisions included in this Agreement is separate, distinct, and severable from the other provisions of this Agreement and that the invalidity or
        unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. Further, if any provision of this Agreement is ruled invalid or unenforceable by a court of competent
        jurisdiction because of a conflict between the provision and any applicable law, rule, regulation, or public policy, the provision shall be redrawn to make the provision consistent with, and valid and enforceable under, such law, rule, regulation,
        or public policy.

       

      10.         No Set-Off by Employee.  The existence of any claim, demand, action, or cause of action by Employee against Company or Bank or any Affiliate of Company or Bank, whether predicated upon this
        Agreement or otherwise, shall not constitute a defense to the enforcement by Employer of any of its rights under this Agreement.

       

      11.         Notices.  All notices, waivers, and other communications required or permitted hereunder shall be in writing and shall be either personally delivered; sent by national overnight courier service,
        postage prepaid, next-business-day delivery guaranteed; or mailed by first class United States Mail, postage prepaid return receipt requested, to the recipient at the address below indicated:          

       

      
        	
                If to Company or Bank:

              	
                If to Employee:

              
	 	 
	
                Reliant Bancorp, Inc.

              	
                To Employee, personally, at the

              
	
                Reliant Bank

              	
                most recent mailing address for

              
	
                6100 Tower Circle, Suite 120

              	
                Employee appearing in the records of

              
	
                Franklin, Tennessee 37067

              	
                Company

              
	
                Attention: Chief Executive Officer

              	 

      

      

      

      or to such other address or to the attention of such other person as the recipient Party shall have specified by prior written notice to the sending Party. All such notices, waivers, and other communications shall be deemed to have been
        effectively given: (a) when personally delivered to the Party to be notified; (b) two business days after deposit with a national overnight courier service, postage prepaid, addressed to the Party to be notified as set forth above with
        next-business-day delivery guaranteed; or (c) four business days after deposit in the United States Mail, first class, postage prepaid with return receipt requested, at any time other than during a general discontinuance of postal service due to
        strike, lockout, or otherwise (in which case such notice, waiver, or other communication shall be effectively given upon receipt), and addressed to the Party to be notified as set forth above.

      

      

      12.         Assignment.  Each of Company and Bank may assign this Agreement and its rights hereunder and may delegate its duties and obligations under this Agreement, in each case without the consent of
        Employee. This Agreement is a personal contract, and neither this Agreement nor the rights, interest, duties, or obligations of Employee hereunder may be assigned or delegated by Employee. Subject to the preceding provisions of this Section 12,
        this Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective successors and permitted assigns.

       

      13.         Waiver.  A waiver by a Party of any provision of this Agreement or of any breach of this Agreement by any other Party shall not be effective unless in a written instrument signed by the Party
        granting such waiver, and no waiver shall operate or be construed as a waiver of the same or any other provision or breach on any other occasion.

       

      
        13

        
          

      

      14.         Mediation.  Except with respect to Section 7 and Section 8, in the event of any dispute arising out of or relating to this Agreement or a breach hereof,
        which dispute cannot be settled through direct discussions among the Parties, the Parties agree to first endeavor to settle the dispute in an amicable manner by non-binding, confidential mediation in Franklin, Williamson County, Tennessee, before
        resorting to any other process for resolving the dispute.

       

      15.         Applicable Law and Choice of Forum.  This Agreement shall be governed by and construed and enforced under and in accordance with the laws of the State of Tennessee,
        without regard to or the application of principles of conflicts of laws. The Parties agree that any litigation, suit, action, or proceeding arising out of or related to this Agreement shall be instituted exclusively in the United States District
        Court for the Middle District of Tennessee, Nashville Division, or the courts of the State of Tennessee sitting in Williamson County, Tennessee, and each Party irrevocably submits to the exclusive jurisdiction of and venue in such courts and waives
        any objection it might otherwise have to the jurisdiction of or venue in such courts.

       

      16.         Interpretation.  Words used herein denoting one gender shall include all genders. Words used herein denoting the singular shall include the plural and vice versa. When used herein, the terms
        “herein,” “hereunder,” “hereby,” “hereto,” and “hereof,” and any similar terms, refer to this Agreement. When used herein, the term “person” shall include an individual, a corporation, a limited liability company, a partnership, an association, a
        trust, and any other entity or organization, whether or not incorporated. Any captions, titles, or headings preceding the text of any section or subsection of this Agreement are solely for convenience of reference and shall not constitute part of
        this Agreement or affect its meaning, construction, or effect.

       

      17.         Entire Agreement; Amendment; No Duplication of Benefits.

       

      (a)          This Agreement embodies the entire and final, integrated agreement of the Parties on the subject matter stated in this Agreement and supersedes all prior understandings and agreements (oral and written) of
        the Parties relating to the subject matter of this Agreement.

       

      (b)          No amendment or supplement to or modification of this Agreement shall be valid or binding upon any Party unless the same is set forth in a written instrument signed by all Parties.

       

      (c)          The severance payments and benefits provided for in this Agreement shall be in lieu of any payments or benefits pursuant any general severance policy or other severance plan maintained by Employer for the
        benefit of its employees generally.

       

      18.         Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same agreement. A signed copy of this
        Agreement delivered by facsimile, email, or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original manually signed copy of this Agreement.

       

      19.         Rights of Third Parties.  Nothing herein expressed is intended to or shall be construed to confer upon or give to any person, other than the Parties hereto and their respective successors and
        permitted assigns, any rights or remedies under or by reason of this Agreement.

       

      20.         Legal Fees.  In the event of any claim, action, suit, or proceeding arising out of or in any way relating to this Agreement, the prevailing Party or Parties shall be
        entitled to recover from the non-prevailing Party or Parties all reasonable fees, expenses, and disbursements, including without limitation reasonable attorneys’ fees and court costs, incurred by such prevailing Party or Parties in connection with
        such claim, action, suit, or proceeding, in addition to any other relief to which such prevailing Party or Parties may be entitled at law or in equity.

       

      
        14

        
          

      

      21.         Survival.  The respective rights and obligations of the Parties hereunder shall survive the termination of this Agreement to the extent and for such time as necessary to carry out fully the purposes
        and intent of this Agreement.

       

      22.         Employee Representations.  Employee represents and warrants to Employer that neither Employee’s employment with Employer nor Employee’s performance
        of Employee’s duties and responsibilities under this Agreement will conflict with or result in a breach or violation of or a default under any contract, covenant, or agreement (including without limitation any non-solicitation, non-competition, or
        other similar contract, covenant, or agreement) or order, judgment, or decree to which Employee is a party or subject or by which Employee is bound.

       

      23.         Code Section 409A.  Notwithstanding anything in this Agreement to the contrary, the following provisions shall apply to all benefits and payments provided under this
        Agreement by Employer to Employee:

       

      (a)          The payment (or commencement of a series of payments) hereunder of any non-qualified deferred compensation (within the meaning of Section 409A of the Code) upon a termination of employment shall be delayed
        until such time as Employee has also undergone a Separation from Service, at which time such non-qualified deferred compensation (calculated as of the date of Employee’s termination of employment hereunder) shall be paid (or commence to be paid) to
        Employee as set forth in this Agreement as if Employee had undergone such termination of employment (under the same circumstances) on the date of Employee’s ultimate Separation from Service.

       

      (b)          If Employee is a specified employee (as determined by Employer in accordance with Section 409A of the Code and Treasury Regulations § 1.409A-3(i)(2)) as of Employee’s Separation from Service with Employer,
        and if any payment, benefit, or entitlement provided for in this Agreement or otherwise both (i) constitutes non-qualified deferred compensation (within the meaning of Section 409A of the Code) and (ii) cannot be paid or provided in a manner
        otherwise provided herein without subjecting Employee to additional tax or interest (or both) under Section 409A of the Code, then any such payment, benefit, or entitlement that is payable during the first six months following the Separation from
        Service shall be paid or provided to Employee in a lump sum cash payment to be made on the earlier of (A) Employee’s death and (B) the first business day of the seventh month immediately following Employee’s Separation from Service.

       

      (c)          Any payment or benefit paid or provided under this Agreement due to a Separation from Service that is exempt from Section 409A of the Code pursuant to Treasury Regulations § 1.409A-1(b)(9)(v) will be paid
        or provided to Employee only to the extent that expenses are not incurred or the benefits are not provided beyond the last day of Employee’s second taxable year following Employee’s taxable year in which the Separation from Service occurs, provided that Employer reimburses such expenses no later than the last day of the third taxable year following Employee’s taxable year in which Employee’s Separation from Service occurs.

       

      (d)          It is the Parties’ intent that the payments, benefits, and entitlements to which Employee could become entitled in connection with Employee’s employment under this Agreement be exempt from or comply with
        Section 409A of the Code and the regulations and other guidance promulgated thereunder, and, accordingly, this Agreement will be interpreted to be consistent with such intent. For purposes of the limitations on non-qualified deferred compensation
        under Section 409A of the Code, each payment of compensation under this Agreement shall be treated as a separate payment of compensation for purposes of applying the exclusion under Section 409A of the Code for short-term deferral amounts, the
        separation pay exception, or any other exception or exclusion under Section 409A of the Code.

       

      
        15

        
          

      

      (e)          While the payments and benefits provided for hereunder are intended to be structured in a manner to avoid the imposition of any penalty taxes under Section 409A of the Code, in no event whatsoever will
        Company or Bank or their respective Affiliates be liable for any additional tax, interest, or penalties that may be imposed on Employee as a result of Section 409A of the Code or any damages for failing to comply with Section 409A of the Code
        (other than for withholding or other obligations applicable to employers, if any, under Section 409A of the Code).

       

      (f)          No deferred compensation payments provided for under this Agreement shall be accelerated to Employee, except as permitted by Treasury Regulations § 1.409A-3(j)(4).

       

      (g)          Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “deferred compensation”
        for purposes of Section 409A of the Code be subject to offset by any other amount unless permitted by Section 409A of the Code.

       

      24.         Section 280G.

       

      

      (a)          In the event that any payments or benefits received or to be received by Employee (including without limitation any payments or benefits received or to be received in connection with a Change in Control or
        the termination of Employee’s employment, whether pursuant to the terms of this Agreement or any other plan, arrangement, or agreement, or otherwise) (all such payments and benefits, collectively, “Covered Payments”), constitute “parachute payments” within the meaning of Section 280G of the Code and would, but for this Section 24, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then the Covered Payments shall be reduced (but not below zero) in a manner determined by Employer that is consistent with the requirements of Section 409A of the Code, by the
        minimum reasonably possible amounts, until no amount received or to be received by Employee will be subject to the Excise Tax. If two economically equivalent amounts are subject to reduction but are payable at different times, the amounts shall be
        reduced (but not below zero) on a pro rata basis.

       

      (b)          All determinations and calculations required under this Section 24, including any determination of whether any payments or benefits constitute “parachute payments,” shall be made by Employer in
        good faith and shall be final and binding on Employer and Employee for all purposes. For purposes of making the determinations and calculations required by this Section 24, Employer may rely on reasonable, good faith assumptions and
        approximations concerning the application of Section 280G and Section 4999 of the Code and may engage and in good faith rely on the advice and counsel of legal, accounting, and other professional advisors. Employee shall furnish Employer with such
        information and documents as Employer may reasonably request in order for Employer to make any determinations and calculations under this Section 24.

       

      25.         Tax Withholding.  Employer may deduct and withhold from any amounts payable under this Agreement all federal, state, local, or other taxes Employer is required to deduct or withhold pursuant to
        applicable law, rule, regulation, or ruling.

       

      26.         Regulatory Restrictions.  The Parties expressly acknowledge and agree that (a) any and all payments contemplated by this Agreement are subject to and conditioned upon their compliance with 12 U.S.C.
        § 1828(k) and 12 C.F.R. Part 359, as such laws and regulations may be amended from time to time, and (b) the obligations of the Parties under this Agreement are generally subject to such conditions, restrictions, and limitations as may be imposed
        from time to time by applicable state and/or federal banking laws, rules, and regulations.

       

      
        16

        
          

      

      27.         Right to Contact.  Employee acknowledges and agrees that Employer shall have the right to contact any new or potential employer of Employee (or other business) and apprise such person of Employee’s
        responsibilities and obligations owed under this Agreement.

       

      

      

      (Signature Page Follows)

      
        17

        
          

      

      

      IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement effective as of the date first written above.

       

      	

            	
              COMPANY:

            	
              RELIANT BANCORP, INC.

            
	

            	

            	

            	

            
	

            	

            	
              
                By:

              

            	
               /s/ DeVan D. Ard, Jr.

            
	

            	

            	

            	
              DeVan D. Ard, Jr.

            
	

            	

            	

            	
              Chief Executive Officer

            

      

      

      	

            	
              BANK:

            	
              RELIANT BANK

            
	

            	

            	

            	

            
	

            	

            	
              By:

            	
              /s/ DeVan D. Ard, Jr.

            
	

            	

            	

            	
              DeVan D. Ard, Jr.

            
	

            	

            	

            	
              Chief Executive Officer

            

      

      

      	

            	
              EXECUTIVE:

            	

            
	

            	

            	

            
	

            	

            	
              /s/ Mark Seaton

            
	

            	

            	
              Mark Seaton

            

      

      

      (Signature Page to Seaton Employment Agreement)

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