Document:

Exhibit 10.22(b)

 

FREECAST, INC. 

2021 INCENTIVE AWARD PLAN 

STOCK OPTION GRANT NOTICE 

 

FreeCast, Inc., a Florida corporation, (the “Company”),
pursuant to its 2021 Incentive Award Plan, as may be amended from time to time (the “Plan”), hereby grants to the holder
listed below (“Participant”), an option to purchase the number of shares of Common Stock (the “Shares”),
set forth below (the “Option”). The Option is subject to all of the terms and conditions set forth herein, as well as
in the Plan and the Stock Option Agreement attached hereto as Exhibit A (the “Agreement”), each of which are incorporated
herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant
Notice and the Agreement.

 

	Participant:	 	[                   ]
	 	 
	Grant Date:	 	[                   ]
	 	 
	Vesting Commencement Date:	 	[                   ] (First day of the month following the six month anniversary of the date of hire for new hires)
	 	 
	Number of Shares Subject to the Option (“Option Shares”):	 	[                   ]
	 	 	 
	Exercise Price per Share:	 	$[                 ]
	 	 
	Total Exercise Price:	 	[                   ]
	 	 
	Expiration Date:	 	[                   ]
	 	 
	Vesting Schedule:	 	1/36th of the Option Shares on the first day of each month, beginning on the Vesting Commencement Date and continuing each successive month until the Option is 100% vested.

 

	Type of Option:	☐  Incentive Stock Option	☐  Nonqualified Stock Option 

 

By Participant’s acceptance, Participant agrees
to be bound by the terms and conditions of the Plan, the Agreement and this Grant Notice. Participant has reviewed the Plan, the Agreement
and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to Participant’s acceptance and
fully understands all provisions of the Plan, the Agreement and this Grant Notice. Participant hereby agrees to accept as binding, conclusive
and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the Agreement or this Grant
Notice.

 

	FREECAST, INC.:	 	PARTICIPANT:
	 	 	 	 	 
	By:  	 	 	 
	 	William Mobley, Jr., CEO	 	Print Name:	 

 

     

     

    

 

EXHIBIT A 

TO STOCK OPTION GRANT NOTICE 

 

STOCK OPTION AGREEMENT 

 

Pursuant to the Stock Option Grant Notice (the
“Grant Notice”) to which this Stock Option Agreement (this “Agreement”) is attached, FreeCast, Inc.,
a Florida corporation (the “Company”), has granted to the Participant an Option under the Company’s 2021 Incentive Award
Plan, as may be amended from time to time (the “Plan”), to purchase the number of Shares indicated in the Grant Notice.

 

ARTICLE 1. 

GENERAL 

 

1.1 Defined Terms.
Capitalized terms not specifically defined herein shall have the meanings specified in the Plan and the Grant Notice.

 

1.2 Incorporation of Terms
of Plan. The Option is subject to the terms and conditions of the Plan which are incorporated herein by reference. In the event of
any inconsistency between the Plan and this Agreement, the terms of the Plan shall control.

 

ARTICLE 2. 

GRANT OF OPTION 

 

2.1 Grant of Option.
Effective as of the Grant Date set forth in the Grant Notice (the “Grant Date”), the Company irrevocably grants to the
Participant the Option to purchase any part or all of an aggregate of the number of Shares set forth in the Grant Notice, upon the terms
and conditions set forth in the Plan and this Agreement, subject to adjustments as provided in Article IX of the Plan. Unless designated
as a Nonqualified Stock Option in the Grant Notice, the Option shall be an Incentive Stock Option to the maximum extent permitted by law.

 

2.2 Exercise Price.
The exercise price of the Shares subject to the Option shall be as set forth in the Grant Notice, without commission or other charge;
provided, however, that the price per share of the Shares subject to the Option shall not be less than 100% of the Fair
Market Value of a Share on the Grant Date. Notwithstanding the foregoing, if the Option is designated as an Incentive Stock Option and
the Participant is a Greater Than 10% Stockholder as of the Grant Date, the exercise price per share of the Shares subject to the Option
shall not be less than 110% of the Fair Market Value of a Share on the Grant Date.

 

ARTICLE 3. 

PERIOD OF EXERCISABILITY 

 

3.1 Commencement of Exercisability.

 

(a) Subject
to Sections 3.2, 3.3, 5.7 and 5.12 hereof, the Option shall become vested and exercisable in such amounts and at such times as are set
forth in the Grant Notice.

 

(b) No
portion of the Option which has not become vested and exercisable at the Termination Date (as defined below) shall thereafter become vested
and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and
the Participant. For the avoidance of doubt, employment or service during only a portion of the vesting period shall not entitle the Participant
to vest in a pro-rata portion of the Option.

 

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(c) Notwithstanding
Section 3.1(a) hereof and the Grant Notice, but subject to Section 3.1(b) hereof, in the event of a Change in Control the Option shall
be treated pursuant to Sections 9.2 and 9.3 of the Plan.

 

3.2 Duration of Exercisability.
The installments provided for in the vesting schedule set forth in the Grant Notice are cumulative. Each such installment which becomes
vested and exercisable pursuant to the vesting schedule set forth in the Grant Notice shall remain vested and exercisable until it becomes
unexercisable under Section 3.3 hereof.

 

3.3 Expiration of Option.
The Option may not be exercised to any extent by anyone after the first to occur of the following events:

 

(a) The
Expiration Date set forth in the Grant Notice, which shall in no event be more than ten years from the Grant Date;

 

(b) If
the Option is designated as an Incentive Stock Option and the Participant, at the time the Option was granted, was a Greater Than 10%
Stockholder, the expiration of five years from the Grant Date;

 

(c) The
expiration of 90 days from the Termination Date, unless the Termination of Service is for Cause or occurs by reason of the Participant’s
death or Disability;

 

(d) The
expiration of 12 months from the Termination Date if the Termination of Service occurs by reason of the Participant’s death or Disability;
or

 

(e) The
Participant’s Termination of Service for Cause.

 

3.4 Termination Date.
For purposes of the Option, the Participant’s Termination of Service is deemed to occur as of the date the Participant is no longer actively
providing services to the Company or any Subsidiary (regardless of the reason for the termination and whether or not later found to be
invalid or in breach of Applicable Law in the jurisdiction where the Participant is rendering services or the terms of the Participant’s
employment or other service agreement, if any) (the “Termination Date”), and unless otherwise determined by the Administrator:
(i) the Participant’s right to vest in the Option, if any, will terminate as of the Termination Date and will not be extended by
any notice period (e.g., the Participant’s period of service would not include any contractual notice period or any period of “garden
leave” or similar period mandated under the Applicable Law of the jurisdiction where the Participant is rendering services or the
terms of the Participant’s employment or other service agreement, if any); and (ii) the period (if any) during which the Participant
may exercise the Option after Termination of Service will commence on the date the Participant ceases to actively provide services and
will not be extended by any notice period mandated under the Applicable Law of the jurisdiction where the Participant is rendering services
or the terms of the Participant’s employment or service agreement, if any. The Administrator shall have the exclusive discretion to determine
when the Participant is no longer actively providing services for purposes of the Option (including whether the Participant may still
be considered to be providing services while on a leave of absence) and, hence, when the Termination Date occurs.  

 

3.5 Special Tax Consequences.
The Participant acknowledges that, to the extent that the aggregate Fair Market Value (determined as of the time the Option is granted)
of all Shares with respect to which Incentive Stock Options, including the Option (if applicable), are exercisable for the first time
by the Participant in any calendar year exceeds $100,000, the Option and such other options shall be Nonqualified Stock Options to the
extent necessary to comply with the limitations imposed by Section 422(d) of the Code. The Participant further acknowledges that
the rule set forth in the preceding sentence shall be applied by taking the Option and other “incentive stock options” into
account in the order in which they were granted, as determined under Section 422(d) of the Code and the Treasury Regulations thereunder.
The Participant also acknowledges that an Incentive Stock Option exercised more than 90 days after the Participant’s Termination of Employment,
other than by reason of death or Disability, will be taxed as a Nonqualified Stock Option.

 

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3.6 Tax Withholding.

 

(a) The
Participant acknowledges that, regardless of any action taken by the Company or, if different, the Subsidiary or other affiliate of the
Company for which the Participant renders services (the “Service Recipient”) the ultimate liability for all Tax-Related
Items is and remains the Participant’s responsibility and may exceed the amount (if any) actually withheld by the Company or the Service
Recipient. The Participant further acknowledges that the Company and/or the Service Recipient: (i) make no representations or undertakings
regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not limited to, the grant,
vesting or exercise of the Option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends;
and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Option to reduce or
eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject
to Tax-Related Items in more than one jurisdiction, the Participant acknowledges that the Company and/or the Service Recipient (or former
Service Recipient, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction.

 

(b) The
Option cannot be exercised until the Participant has made such arrangements as the Company may require for the satisfaction of any Tax-Related
Items that may arise in connection with the exercise of the Option or the acquisition of the Shares by the Participant. The Company shall
not be required to issue, allot or transfer Shares until the Participant has satisfied this obligation. At the time Participant exercises
the Option, in whole or in part, or at the time any other withholding event for Tax-Related Items occurs with respect to the Option, the
Participant hereby authorizes the Company and/or Service Recipient, or their respective agents, at their discretion, to satisfy any applicable
withholding obligations for Tax-Related Items by one or a combination of the following methods:

 

(i) withholding
from the Participant’s salary, wages, or any other amounts payable to the Participant, in accordance with Applicable Law;

 

(ii) withholding
Shares otherwise issuable to the Participant upon the exercise of the Option, provided that to the extent necessary to qualify for an
exemption from application of Section 16(b) of the Exchange Act, if applicable, such Share withholding procedure will be subject
to the express prior approval of the Board or the Committee;

 

(iii) instructing
a broker on the Participant’s behalf to sell Shares otherwise issuable to the Participant upon exercise of the Option and to submit the
proceeds of such sale to the Company; or

 

(iv) any
other method determined by the Company to be in compliance with Applicable Law.

 

(c) The
Company may withhold or account for Tax-Related Items by considering statutory withholding amounts or other applicable withholding rates,
including maximum rates applicable in the Participant’s jurisdiction(s). In the event of over-withholding, the Participant may receive
a refund of any over-withheld amount in cash and (with no entitlement to the equivalent in Shares) or if not refunded, the Participant
may seek a refund from the local tax authorities. In the event of under-withholding, the Participant may be required to pay any additional
Tax-Related Items directly to the applicable tax authority or to the Company and/or the Service Recipient. If the obligations for Tax-Related
Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares
subject to the exercised Option, notwithstanding that a number of the Shares is held back solely for the purpose of satisfying the withholding
obligations for Tax-Related Items.

 

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(d) Finally,
the Participant agrees to pay the Company or the Service Recipient any amount of Tax-Related Items that cannot be satisfied by the means
described above in Section 3.6(b). The Company shall not be obligated to deliver any Shares to the Participant or the Participant’s
legal representative unless and until the Participant or the Participant’s legal representative shall have paid or otherwise satisfied
in full the amount of any withholding obligation for Tax-Related Items resulting from the Option or the Shares subject to the Option.

 

ARTICLE 4. 

EXERCISE OF OPTION 

 

4.1 Person Eligible to
Exercise. Except as provided in Section 5.4 hereof, during the lifetime of the Participant, only the Participant may exercise
the Option or any portion thereof, unless it has been disposed of pursuant to a DRO. After the death of the Participant, any exercisable
portion of the Option may, prior to the time when the Option becomes unexercisable under Section 3.3 hereof, be exercised by the
deceased Participant’s personal representative or by any person empowered to do so under the deceased Participant’s will or under the
then applicable laws of descent and distribution.

 

4.2 Partial Exercise.
Any exercisable portion of the Option or the entire Option, if then wholly exercisable, may be exercised in whole or in part at any time
prior to the time when the Option or portion thereof becomes unexercisable under Section 3.3 hereof. However, the Option shall not
be exercisable with respect to fractional Shares.

 

4.3 Manner of Exercise.
The Option, or any exercisable portion thereof, may be exercised solely by delivery to the Secretary of the Company (or any third party
administrator or other person or entity designated by the Company; for the avoidance of doubt, delivery shall include electronic delivery),
during regular business hours, of all of the following prior to the time when the Option or such portion thereof becomes unexercisable
under Section 3.3 hereof:

 

(a) An
exercise notice in a form specified by the Administrator, stating that the Option or portion thereof is thereby exercised, such notice
complying with all applicable rules established by the Administrator. The notice shall be signed by the Participant or other person then
entitled to exercise the Option or such portion of the Option;

 

(b) The
receipt by the Company of full payment for the Shares with respect to which the Option or portion thereof is exercised, including payment
of any applicable Tax-Related Items, which shall be made by deduction from other compensation payable to the Participant or in such other
form of consideration permitted under Section 4.4 hereof that is acceptable to the Company;  

 

(c) Any
other written representations or documents as may be required in the Administrator’s sole discretion to evidence compliance with the Securities
Act, the Exchange Act or any other applicable law, rule or regulation; and

 

(d) In
the event the Option or portion thereof shall be exercised pursuant to Section 4.1 hereof by any person or persons other than the
Participant, appropriate proof of the right of such person or persons to exercise the Option.

 

Notwithstanding any of the foregoing, the Company shall have the right
to specify all conditions of the manner of exercise, which conditions may vary by country and which may be subject to change from time
to time.

 

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4.4 Method of Payment.
Payment of the exercise price shall be by any of the following, or a combination thereof, at the election of the Participant:

 

(a) Cash
or check;

 

(b) With
the consent of the Administrator, surrender of Shares (including, without limitation, Shares otherwise issuable upon exercise of the Option)
held for such period of time as may be required by the Administrator in order to avoid adverse accounting consequences and having a Fair
Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof; or

 

(c) Other
legal consideration acceptable to the Administrator including, without limitation, through the delivery of a notice that the Participant
has placed a market sell order with a broker with respect to Shares then issuable upon exercise of the Option, and that the broker has
been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price;
provided that payment of such proceeds is then made to the Company at such time as may be required by the Company, but in any event
not later than the settlement of such sale (Participant acknowledges that this may convert the Option into a non-qualified stock option).

 

4.5 Conditions to Issuance
of Shares. The Shares deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but
unissued Shares or issued Shares which have then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The
Company shall not be required to issue or deliver any Shares purchased upon the exercise of the Option or portion thereof prior to fulfillment
of all of the conditions in Section 10.7 of the Plan and following conditions:

 

(a) The
admission of such Shares to listing on all stock exchanges on which such Shares are then listed;

 

(b) The
completion of any registration or other qualification of such Shares under any U.S. state or federal law or under rulings or regulations
of the U.S. Securities and Exchange Commission or of any other governmental regulatory body, which the Administrator shall, in its absolute
discretion, deem necessary or advisable;

 

(c) The
obtaining of any approval or other clearance from any U.S. state or federal governmental agency which the Administrator shall, in its
absolute discretion, determine to be necessary or advisable;  

 

(d) The
receipt by the Company of full payment for such Shares, including payment of any applicable Tax-Related Items, which may be in one or
more of the forms of consideration permitted under Section 4.4 hereof; and

 

(e) The
lapse of such reasonable period of time following the exercise of the Option as the Administrator may from time to time establish for
reasons of administrative convenience.

 

4.6 Rights as Stockholder.
The holder of the Option shall not be, nor have any of the rights or privileges of, a stockholder of the Company, including, without limitation,
voting rights and rights to dividends, in respect of any Shares purchasable upon the exercise of any part of the Option unless and until
such Shares shall have been issued by the Company and held of record by such holder (as evidenced by the appropriate entry on the books
of the Company or of a duly authorized transfer agent of the Company). No adjustment will be made for a dividend or other right for which
the record date is prior to the date the Shares are issued, except as provided in Article IX of the Plan.

 

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ARTICLE 5. 

OTHER PROVISIONS 

 

5.1 Nature of Grant.
By accepting the Option, the Participant acknowledges, understands and agrees that:

 

(a) the
Plan is established voluntarily by the Company, and it is wholly discretionary in nature;

 

(b) the
grant of the Option is exceptional, voluntary and occasional and does not create any contractual or other right to receive future grants
of options, or benefits in lieu of options, even if options have been granted in the past;

 

(c) all
decisions with respect to future option or other grants, if any, will be at the sole discretion of the Company;

 

(d) the
Participant is voluntarily participating in the Plan;

 

(e) the
Option and any Shares acquired under the Plan, and the income from and value of same, are not intended to replace any compensation;

 

(f) the
Option and any Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation
for any purposes, including for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service
payments, bonuses, long-service awards, holiday pay, retirement or welfare benefits or similar payments;

 

(g) the
future value of the Shares underlying the Option is unknown, indeterminable, and cannot be predicted with certainty;

 

(h) if
the underlying Shares do not increase in value, the Option will have no value;

 

(i) if
the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the exercise
price;

 

(j) no
claim or entitlement to compensation or damages shall arise from forfeiture of the Option resulting from the Participant’s Termination
of Service (for any reason whatsoever, whether or not later found to be invalid or in breach of Applicable Law in the jurisdiction where
the Participant is providing service or the terms of the Participant’s employment or other service agreement, if any);

 

(k) unless
otherwise agreed with the Company, the Option and the Shares subject to the Option, and the income from and value of same, are not granted
as consideration for, or in connection with, the service the Participant may provide as a director of a Subsidiary or other affiliate
of the Company;

 

(l) unless
otherwise provided in the Plan or by the Company in its discretion, the Option and the benefits evidenced by this Agreement do not create
any entitlement to have the Option or any such benefits transferred to, or assumed by, another company nor be exchanged, cashed out or
substituted for, in connection with any corporate transaction affecting the Shares; and

 

(m) neither
the Company, the Service Recipient nor any other Subsidiary or other affiliate of the Company shall be liable for any foreign exchange
rate fluctuation between the Participant’s local currency and the U.S. dollar that may affect the value of the Option or of any amounts
due to the Participant pursuant to the exercise of the Option or the subsequent sale of any Shares acquired upon exercise.

 

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5.2 Administration.
The Administrator shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation
and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all interpretations
and determinations made by the Administrator in good faith shall be final and binding upon the Participant, the Company and all other
interested persons. No member of the Committee or the Board shall be personally liable for any action, determination or interpretation
made in good faith with respect to the Plan, this Agreement or the Option.

 

5.3 Whole Shares. The
Option may only be exercised for whole Shares.

 

5.4 Transferability.

 

(a) Subject
to Section 4.1 hereof, the Option may not be sold, pledged, assigned or transferred in any manner other than by will or the laws of descent
and distribution or, subject to the consent of the Administrator, pursuant to a DRO, unless and until the Option has been exercised and
the Shares underlying the Option have been issued, and all restrictions applicable to such Shares have lapsed. Neither the Option nor
any interest or right therein shall be liable for the debts, contracts or engagements of the Participant or his or her successors in interest
or shall be subject to disposition by transfer, alienation, anticipation, pledge, hypothecation, encumbrance, assignment or any other
means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other
legal or equitable proceedings (including bankruptcy) unless and until the Option has been exercised, and any attempted disposition thereof
prior to exercise shall be null and void and of no effect, except to the extent that such disposition is permitted by the preceding sentence.

 

(b) During
the lifetime of the Participant, only the Participant may exercise the Option (or any portion thereof), unless it has been disposed of
pursuant to a DRO; after the death of the Participant, any exercisable portion of the Option may, prior to the time when such portion
becomes unexercisable under the Plan or this Agreement, be exercised by the Participant’s personal representative or by any person empowered
to do so under the deceased Participant’s will or under the then-applicable laws of descent and distribution.

 

(c) Notwithstanding
any other provision in this Agreement, the Participant may, in the manner permitted and determined by the Administrator, designate a beneficiary
to exercise the rights of the Participant and to receive any distribution with respect to the Option upon the Participant’s death. A beneficiary,
legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions
of the Plan and this Agreement, except to the extent the Plan and this Agreement otherwise provide, and to any additional restrictions
deemed necessary or appropriate by the Administrator. If the Participant is married or a domestic partner in a domestic partnership qualified
under Applicable Law and resides in a community property state, a designation of a person other than the Participant’s spouse or domestic
partner, as applicable, as his or her beneficiary with respect to more than 50% of the Participant’s interest in the Option shall not
be effective without the prior written consent of the Participant’s spouse or domestic partner. If no beneficiary has been designated
or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent
and distribution. Subject to the foregoing, a beneficiary designation may be changed or revoked by the Participant at any time provided
the change or revocation is filed with the Administrator prior to the Participant’s death.

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5.5 No Advice Regarding
Grant. The Company is not providing any tax, legal or financial advice, nor is the Company making recommendations regarding participation
in the Plan, or the Participant’s acquisition or sale of the underlying Shares. The Participant understands that the Participant may incur
tax consequences as a result of the grant, vesting or exercise of the Option, or with the purchase or disposition of the Shares subject
to the Option. The Participant understands and agrees that the Participant should consult with the Participant’s own tax, legal and financial
advisors regarding participation in the Plan before taking any action related to the Plan. 

 

5.6 Binding Agreement.
Subject to the limitation on the transferability of the Option contained herein, this Agreement will be binding upon and inure to the
benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

 

5.7 Adjustments Upon Specified
Events. The Administrator may accelerate the vesting of the Option in such circumstances as it, in its sole discretion, may determine.
In addition, upon the occurrence of certain events relating to the Shares contemplated by Article IX of the Plan (including, without limitation,
an extraordinary cash dividend on such Shares), the Administrator shall make such adjustments the Administrator deems appropriate in the
number of Shares subject to the Option, the exercise price of the Option and the kind of securities that may be issued upon exercise of
the Option. The Participant acknowledges that the Option is subject to adjustment, modification and termination in certain events as provided
in this Agreement and Article IX of the Plan.

 

5.8 Notices. Any notice
to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of Clara Bevington, Financial Controller
at the Company, at Clara@freecast.com, or the Secretary of the Company, at the Company’s principal office, and any notice to be given
to the Participant shall be addressed to the Participant at the Participant’s last address reflected on the Company’s records. By a notice
given pursuant to this Section 5.8, either party may hereafter designate a different address for notices to be given to that party. Any
notice which is required to be given to the Participant shall, if the Participant is then deceased, be given to the person entitled to
exercise his or her Option pursuant to Section 4.1 hereof by written notice under this Section 5.8. Any notice shall be deemed duly given
when sent via email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or
branch post office regularly maintained by the United States Postal Service.

 

5.9 Titles. Titles
are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.  

 

5.10 Governing Law and
Venue. The laws of the State of Florida shall govern the interpretation, validity, administration, enforcement and performance of
the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. For purposes of any action,
lawsuit or other proceedings brought to enforce this Agreement, relating to it, or arising from it, the parties hereby submit to and consent
to the sole and exclusive jurisdiction of the courts of Orange County, Florida, or the federal courts for the United States for the Middle
District of Florida, and no other courts, where this grant is made and/or to be performed.

 

5.11 Conformity to Applicable
Law. The Participant acknowledges that the Plan and this Agreement are intended to conform to the extent necessary with all provisions
of the Securities Act and the Exchange Act and any and all Applicable Law and regulations and rules promulgated by the U.S. Securities
and Exchange Commission thereunder, and U.S. state securities laws and regulations. Notwithstanding anything herein to the contrary, the
Plan shall be administered, and the Option is granted and may be exercised, only in such a manner as to conform to such Applicable Law.
To the extent permitted by Applicable Law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to such
Applicable Law.

 

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5.12 Amendment, Suspension
and Termination. To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended
or terminated at any time or from time to time by the Administrator.

 

5.13 Successors and Assigns.
The Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit
of the successors and assigns of the Company. Subject to the restrictions on transfer herein set forth in Section 5.4 hereof, this Agreement
shall be binding upon the Participant and his or her heirs, executors, administrators, successors and assigns.

 

5.14 Notification of Disposition.
If the Option is designated as an Incentive Stock Option, the Participant shall give prompt notice to the Company of any disposition or
other transfer of any Shares acquired under this Agreement if such disposition or transfer is made: (a) within two years from the Grant
Date with respect to such Shares; or (b) within one year after the transfer of such Shares to the Participant. Such notice shall specify
the date of such disposition or other transfer and the amount realized, in cash, other property, assumption of indebtedness or other consideration,
by the Participant in such disposition or other transfer.

 

5.15 Limitations Applicable
to Section 16 Persons. Notwithstanding any other provision of the Plan or this Agreement, if the Participant is subject to Section
16 of the Exchange Act, the Plan, the Option and this Agreement shall be subject to any additional limitations set forth in any applicable
exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements
for the application of such exemptive rule. To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.

 

5.16 Not a Contract of
Service Relationship. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue to serve as
a Service Provider or interfere with or restrict in any way with the right of the Company or the Service Recipient, as applicable, which
rights are hereby expressly reserved, to discharge or to terminate for any reason whatsoever, with or without cause, the services of the
Participant’s at any time.

 

5.17 Entire Agreement.
The Plan, the Grant Notice and this Agreement constitute the entire agreement of the parties and supersede in their entirety all prior
undertakings and agreements of the Company and the Participant with respect to the subject matter hereof.

 

5.18 Section 409A.
The Option is not intended to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the
Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation
any such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding
any other provision of the Plan, the Grant Notice or this Agreement, if at any time the Administrator determines that the Option (or any
portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation
to do so or to indemnify the Participant or any other person for failure to do so) to adopt such amendments to the Plan, the Grant Notice
or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or
take any other actions, as the Administrator determines are necessary or appropriate either for the Option to be exempt from the application
of Section 409A or to comply with the requirements of Section 409A.

 

    A-9

     

    

 

5.19 Limitation on the
Participant’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates
only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as creating a trust. Neither
the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured
creditor of the Company with respect to amounts credited and benefits payable, if any, with respect to the Option, and rights no greater
than the right to receive the Shares as a general unsecured creditor with respect to options, as and when exercised pursuant to the terms
hereof.

 

5.20 Electronic Delivery
and Acceptance. The Company may, in its sole discretion, decide to deliver any documents related to current or future participation
in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate
in the Plan through an on-line or electronic system established and maintained by the company or a third party designated by the Company.

 

5.21 Language. The
Participant acknowledges that the Participant is sufficiently proficient in English, or has consulted with an advisor who is sufficiently
proficient in English, so as to allow the Participant to understand the terms and conditions of this Agreement. If the Participant received
this Agreement, or any other document related to the Option and/or the Plan translated into a language other than English and if the meaning
of the translated version is different than the English version, the English version will control.

 

5.22 Insider Trading/Market
Abuse Laws. The Participant acknowledges that the Participant may be subject to insider trading restrictions and/or market abuse laws
in applicable jurisdictions, which may affect his or her ability to accept, acquire, sell or attempt to sell, or otherwise dispose of
the Shares, rights to Shares (e.g., the Option) or rights linked to the value of Shares, during such times as the Participant is
considered to have “inside information” regarding the Company (as defined by the laws or regulations in applicable jurisdictions).
Local insider trading laws and regulations may prohibit the cancellation or amendment of orders the Participant placed before possessing
inside information. Furthermore, the Participant may be prohibited from: (a) disclosing insider information to any third party, including
fellow employees (other than on a “need to know” basis); and (b) “tipping” third parties or causing them to otherwise
buy or sell securities. Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may
be imposed under any applicable Company insider trading policy. The Participant acknowledges that it is his or her responsibility to comply
with any applicable restrictions, and the Participant should speak to his or her personal advisor on this matter.  

 

 

A-10Exhibit
10.23

 

SECOND
AMENDED AND RESTATED

TECHNOLOGY
LICENSE AND DEVELOPMENT AGREEMENT

 

THIS
SECOND AMENDED AND RESTATED TECHNOLOGY LICENSE AND DEVELOPMENT AGREEMENT is entered into as of July 31, 2014 by and between NEXTELLIGENCE,
INC., a Delaware corporation (“Nextelligence”), and FREECAST, INC., a Florida corporation (the “Company”).

 

RECITALS:

 

A.
Nextelligence is the sole owner of the Technology.

 

B.
Nextelligence desires to license the Technology to the Company and the Company desires to license the Technology for the Business Purpose
in accordance with the terms and provisions of this Second Amended and Restated Technology License and Development Agreement (the “Agreement”).

 

C.
The Company desires Nextelligence to perform certain technology development services and Nextelligence desires to perform such services
in accordance with the terms and provisions of this Agreement. By performing such services, it is anticipated that Nextelligence will
create Additional Technology. It is anticipated that any Additional Technology will be licensed to the Company in accordance with the
provisions of this Agreement.

 

D.
The parties have previously entered into a Technology License and Development Agreement dated as of June 30, 2011 (the “First Agreement”),
as modified and superseded by an Amended and Restated Technology License and Development Agreement dated as of October 19, 2012 (the
“Second Agreement”). The First Agreement and the Second Agreement are hereinafter collectively referred to as the “Original
Agreements”.

 

E.
A majority of the disinterested directors of the Company have approved the Company’s entering into this Agreement in accordance
with the provisions of Section 607.0832 of the Florida Statutes

 

F.
Each of the parties believes it to be m its best interests to enter into this Agreement.

 

     

     

    

 

NOW,
THEREFORE, in consideration of the Recitals and the respective covenants and agreements of the parties set forth herein, each of
the parties agrees as follows:

 

ARTICLE
I 

Certain
Definitions

 

The
following terms shall have the following respective meanings when utilized in this Agreement:

 

“1933
Act” shall have the meaning set forth in Section 5.4(b).

 

“Additional
Shares” shall have the meaning set forth in Section 5.l(b).

 

“Affiliate”
means with respect to a specified Person, any other Person which, directly or indirectly, controls, is controlled by, or is under common
control with, such specified Person. The concept of “control” when utilized with respect to a specified Person, shall signify
the possession of the power to direct the management and policies of such specified Person, directly or indirectly, whether through the
ownership of voting or equity securities, by contract or otherwise.

 

“Agreement”
shall have the meaning set forth in Recital B.

 

“Business
Purpose” means providing the Online Services to end-users.

 

“Change
in Control of the Company” shall have the meaning set forth in Section 7.3.

 

“Common
Stock” shall have the meaning set forth in Section 5.l(a).

 

“Company”
shall have the meaning set forth in the first paragraph of this Agreement.

 

“Company
Confidential Information” means the confidential and/or proprietary information and/or trade secrets of the Company (whether such
information is or is not marked or identified as confidential or proprietary), including without limitation software (in object and source
code form), technology, inventions (whether or not patentable), trade secrets, ideas, know-how, techniques, processes, formulas, algorithms,
schematics, research, development, software design and architecture, testing procedures, design and functional specifications, problem
reports and performance information, marketing and financial plans and data. “Company Confidential Information” does not
include information that Telebrands can show through documentary evidence: (a) is or becomes publicly known through no fault, act or
omission of Telebrands; (b) is known by or in the possession of Telebrands prior to its receipt from the Company; or (c) is lawfully
obtained from a third party who rightfully possesses the information (without confidentiality or proprietary restriction).

 

“Company
Indemnitees” shall have the meaning set forth in Section 11.1.

 

“Devices”
shall have meaning set forth in the Distribution Agreement.

 

“Disclosure
Documents” shall have the meaning set forth in Section 5.4(e).

 

    2

     

    

 

“Distribution
Agreement” means that certain Distribution Agreement dated as of October 15, 2012 by and between Telebrands Corp. and the Company,
as amended by that certain First Amendment to Distribution Agreement dated as of June 13, 2014 by and between Telebrands Corp. and the
Company.

 

“Federal
Securities Laws” shall have the meaning set forth in Section 5.4(a).

 

“First
Agreement”.shalL have the meaning set forth in Recital D.

 

“Gross
Revenues” means, for a given period, the gross revenues of the Company, determined in accordance with generally accepted accounting
principles as in effect in the United States of America applied in a manner consistent with prior periods.

 

“Intellectual
Property Rights” means all present and future copyrights, trademark rights, service mark rights, trade secret rights, patent rights,
moral rights, and other intellectual property and proprietary rights recognized in any jurisdiction.

 

“Nextelligence”
shall have the meaning set forth in the first paragraph of this Agreement.

 

“Nextelligence
Confidential Information” means the confidential and/or proprietary information and/or trade secrets of Nextelligence (whether
such information is or is not marked or identified as confidential or proprietary), including without limitation software (in object
and source code form), technology, inventions (whether or not patentable), trade secrets, ideas, know-how, techniques, processes, formulas,
algorithms, schematics, research, development, software design and architecture, testing procedures, design and functional specifications,
problem reports and performance information, marketing and financial plans and data. “Nextelligence Confidential Information”
does not include information that the Company can show through documentary evidence: (a) is or becomes publicly known through no fault,
act or omission of the Company; (b) is known by or in the possession of the Company prior to its receipt from Nextelligence; or (c) is
lawfully obtained from a third party who rightfully possesses the information (without confidentiality or proprietary restriction).

 

“Online
Services” means online television and music content aggregation services as an interactive guide.

 

“Original
Agreements” shall have the meaning set forth in Recital D.

 

“Person”
means any individual, person, sole proprietorship, company, corporation, partnership, limited liability company, joint venture, trust,
association or other entity, or any combination of the foregoing.

 

“Second
Agreement” shall have the meaning set forth in Recital D.

 

“Securities”
shall have the meaning set forth in Section 5.3.

 

    3

     

    

 

“Shares”
shall have the meaning set forth in Section 5.l(a).

 

“State
Securities Laws” shall have the meaning set forth in Section 5.4(a).

 

“Technology”
means and includes a web-based toolbar that installs in the end-user’s browser and any supported email functions and/or chat functions
with the following features:

 

(a)
a search box that allows the end-user to search the Internet with search results from a search results partner;

 

(b)
a search assistant that provides relevant links and results when the end-user makes a search request in the browser address bar or if
the browser address request is invalid, misspelled or incorrectly formatted; and

 

(c)
Features, functions and links to, or RSS (or other) video feeds from, third party partners.

 

“Term”
shall have the meaning set forth in Section 7.1.

 

“Termination
Event” shall have the meaning set forth in Section 7.2.

 

“Territory”
means worldwide.

 

“Transfer”
shall have the meaning set forth in Section 5.4(c).

 

“Warrants”shall
have the meaning set forth in Section 5.2.

 

ARTICLE
II 

License

 

2.1
Grant of License. Subject to the terms and conditions set forth in this Agreement, Nextelligence grants to the Company
a non-transferable, non-sublicensable, exclusive license, exercisable within the Territory, to install, use and operate the Technology
solely for the Business Purpose.

 

2.2
Restrictions on Use. The Company shall not, and shall ensure that other parties shall not:

 

(a)
modify, adapt, alter, translate, copy, perform and display (publicly or otherwise), or create derivative works based on the Technology;

 

(b)
merge or bundle the Technology with other software or technology;

 

(c)
sublicense, lease, rent or loan the Technology;

 

    4

     

    

 

(d)
transfer the Technology to any third party;

 

(e)
provide the use of the Technology in any service bureau, rental or timesharing arrangement; or

 

(f)
reverse engineer, decompile, disassemble, or otherwise attempt to derive the source code for the Technology.

 

2.3
IP Ownership. Nextelligence shall own all right, title and interest, including all Intellectual Property Rights, in and
to the Technology. All rights in and to the Technology not expressly granted to the Company under this Agreement are reserved by Nextelligence.
The Company shall take all reasonable measures to protect Nextelligence’s Intellectual Property Rights in the Technology, including
providing assistance and measures as are reasonably requested by Nextelligence from time to time.

 

ARTICLE
III 

Further
Development of the Technology

 

3.1
Further Development.

 

(a)
All further development, improvement, modification, maintenance, management and enhancement of the Technology shall be performed exclusively
by Nextelligence. All further development, improvement, modification and enhancement of the Technology shall be owned solely by Nextelligence,
but shall be deemed to be licensed to the Company pursuant to Section 2.1.

 

(b)
For all of the services to be performed by Nextelligence for the Company pursuant to Section 3.l(a), on a monthly basis, the Company
shall pay to Nextelligence a fixed management fee of Twenty-Three Thousand Dollars ($23,000.00). Such amount shall be reviewed on a semi-annual
basis, in January and July, and may be adjusted as the parties shall mutually agree.

 

(c)
It is anticipated that Nextelligence may require outside resources in order to perform the services set forth in Section 3.l(a). In such
event, outside vendors shall invoice the Company directly in amounts that have been mutually agreed by any such vendor and the Company.

 

ARTICLE
IV 

Payments

 

4.1
Payments to Nextelligence.

 

(a)
For and in partial consideration of the license granted to the Company pursuant to Section 2.1 and Section 3.l(a), on or before the last
day of each calendar month, the Company, by wire or electronic funds transfer, shall pay to Nextelligence
four percent (4%) of the Company’s Gross Revenues for the immediately preceding calendar month.

 

    5

     

    

 

(b)
On or before the last day each calendar month, the Company, by wire or electronic funds transfer, shall pay to Nextelligence the amount
due for the immediately preceding calendar month pursuant to Section 3.1 (b).

 

4.2
Books and Records. 

 

(a)
The Company shall at all times maintain true, correct and complete books and records of account. Such books and records of account shall
be preserved by the Company for a period of not less than seven years.

 

(b)
At all reasonable times after reasonable notice, Nextelligence and its officers, employees, representatives and agents shall be entitled
to inspect and to make copies of all of the books, records, files and documents, in whatever form, of the Company in order to verify
that the provisions of Section 4.1 are being fully complied with by the Company.

 

(c)
All shortfalls in payment to Nextelligence shall, immediately upon demand be paid by the Company. The cost of any inspection pursuant
to Section 4.2(b) above shall be borne solely by Nextelligence; provided, however, if a variance is found for any period of more than
two percent (2%) of (i) Gross Sales or (ii) any amounts paid to Nextelligence pursuant to Section 4.1, then the Company shall, immediately
upon demand, pay to Nextelligence all of the following amounts:

 

(A)
all reasonable costs of the inspection; and

 

(B)
interest on all such shortfalls at the highest rate of interest permitted by the laws of the State of Florida.

 

ARTICLE
V 

Securities

 

5.1
Purchase and Sale of Shares.

 

(a)
For and in partial consideration of the license granted pursuant to Section 2.1 , on or about June 30, 2011 , the Company
transferred to Nextelligence Twenty Million (20,000,000) shares of common stock, par value $0.0001 per share (the “Common
Stock”), of the Company (collectively, the “Shares”).

 

(b)
For and in partial consideration of the license granted pursuant to Section 2.1 , on or about October 19, 2012, the Company issued
to Nextelligence Four Thousand (4,000) shares of Common Stock (the “Additional Shares”).

 

    6

     

    

 

5.2
Issuance of Warrants. For and in partial consideration of the license granted pursuant to Section 2.1, for each Two Million
(2,000,000) Devices in excess of Ten Million (10,000,000) Devices sold, the Company shall issue to Nextelligence an immediately exercisable
warrant to purchase up to Four Million (4,000,000) shares of Common Stock at a purchase price per share equal to the fair market value
of a share of Common Stock on the date of issuance (collectively, the “Warrants”).

 

5.3
Securities. The Shares,
the Additional Shares and the Warrants are hereinafter collectively referred to as the “Securities.”

 

5.4
Certain Representations, Warranties, Covenants and Agreements of Nextelligence. Nextelligence represents and warrants to
the Company, and covenants and agrees with the Company, as follows:

 

(a)
The Securities are being acquired by Nextelligence for its own account, and not for the account or beneficial interest of any other Person.
The Securities are not being acquired by Nextelligence with a view to, or for resale in connection with, any “distribution”
within the meaning of (i) the Securities Act of 1933, as
amended, and the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the
“Federal Securities Laws”), or (ii) any applicable state securities or blue sky laws and the rules and regulations promulgated
thereunder (collectively, the “State Securities Laws”).

 

(b)
The Securities have not been, and will not be, registered under the Federal Securities Laws or any State Securities Laws and, as such,
must be held by Nextelligence unless and until they are subsequently so registered under the Federal Securities Laws and any applicable
State Securities Laws or an exemption from registration thereunder is available.
The Securities constitute “restricted
securities,” as
that term is defined in Rule 144 promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the
1933 Act”).

 

(c)
Nextelligence shall not, directly or indirectly, sell, assign, transfer, convey, gift, give, mortgage, pledge, hypothecate, encumber
or otherwise dispose of any or all of the Securities (any such transaction hereinafter being referred to as a “Transfer”),
unless such Transfer is registered under the Federal Securities Laws and any applicable State Securities Laws or a specific exemption
from registration thereunder is available. Any Transfer of any or all of the Securities which is made pursuant to an exemption claimed
under the Federal Securities Laws and any applicable State Securities Laws will require a favorable opinion of the Company’s legal
counsel to the effect that such Transfer does not and will not violate the provisions of the Federal Securities Laws or any applicable
State Securities Laws.

 

(d)
Nextelligence is an “accredited investor,” as such term is  defined Regulation D under the 1933 Act.

 

    7

     

    

 

(e)
Nextelligence, through its directors and officers,
has such knowledge and experience in
financial, investment and business matters that it is capable of evaluating the merits and risks of an investment in the Securities.
Management of Nextelligence has read and understood each and every one of the Disclosure Documents (as such term is hereinafter defined).
In connection with review, Nextelligence
has consulted with such independent legal counsel, accountants and other advisers considered appropriate to assist Nextelligence. In
particular, and not in limitation of the foregoing, Nextelligence has taken full cognizance of and understands each and every one of
the following:

 

(i)
this Agreement;

 

(ii)
the Distribution Agreement and the exhibits attached thereto; and

 

(iii)
such other documents and materials as Nextelligence shall have requested from the Company.

 

All
of the foregoing documents are collectively referred to herein as the “Disclosure Documents.”

 

(f)
Nextelligence has been afforded the opportunity to ask questions of, and to receive answers from, the management of the Company concerning
the terms and conditions of the Securities and to obtain any additional information, to the extent that the Company possesses such information
or can acquire it without unreasonable effort or expense, necessary to verify the accuracy of the information furnished; and has availed
itself of such opportunity to the extent it considers appropriate in order to permit its management to evaluate the merits and risks
of an investment in the Securities.

 

(g)
The Company is under no obligation whatsoever to file any registration statement under the Federal Securities Laws or any State Securities
Laws to register any Transfer of any Securities held by Nextelligence, or to take any other action necessary for the purpose of making
an exemption from registration available to Nextelligence in connection with any such Transfer. Stop transfer instructions will be issued
by the Company with respect to the Securities. Therefore, Nextelligence may be forced to hold the Securities acquired for an indefinite
period of time.

 

(h)
Nextelligence acknowledges that all certificates representing the Shares and the Additional Shares will bear a restrictive legend in
substantially the following form:

 

THE
SHARES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED, ENCUMBERED OR OTHERWISE
DISPOSED OF UNLESS (A) THEY ARE COVERED BY A REGISTRATION STATEMENT OR POST-EFFECTIVE AMENDMENT THERETO, EFFECTIVE UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) SUCH SALE, ASSIGNMENT, TRANSFER, CONVEYANCE, PLEDGE, HYPOTHECATION, ENCUMBRANCE OR OTHER DISPOSITION
IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF THAT ACT AND ANY OTHER APPLICABLE SECURITIES LAWS.

 

    8

     

    

 

(i)
Nextelligence acknowledges that all certificates representing the Warrants will bear a restrictive legend in substantially the following
form:

 

NEITHER
THIS WARRANT NOR THE SHARES UNDERLYING THIS WARRANT MAY BE SOLD, ASSIGNED, TRANSFERRED, CONVEYED, PLEDGED, HYPOTHECATED, ENCUMBERED OR
OTHERWISE DISPOSED OF UNLESS (A) THEY ARE COVERED BY A REGISTRATION STATEMENT OR POST-EFFECTIVE AMENDMENT-THERETO,
EFFECTIVE UNDER_THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) SUCH SALE, ASSIGNMENT, TRANSFER, CONVEYANCE, PLEDGE, HYPOTHECATION, ENCUMBRANCE OR OTHER DISPOSITION
IS EXEMPT FROM THE PROVISIONS OF SECTION 5 OF THAT ACT. 

 

5.5 Certain
Representation and Warranties of the Company. The Company represents and warrants to Nextelligence, and covenants and agrees
with Nextelligence, as follows:

 

(a)
The Company has all requisite power and authority to enter into and perform its obligations under this Agreement and to issue the Shares,
the Additional Shares, the Warrants and the shares to be issued upon exercise of the Warrants.

 

(b)
The Shares and the Additional Shares are (i) duly authorized, fully paid and non-assessable, and (ii) free from all liens, charges and
security interests, except as arising through the acts or omissions of Nextelligence and except as arising from applicable Federal Securities
Laws and State Securities Laws.

 

(c)
The shares to be issued upon exercise of the Warrants will, upon issuance in accordance with the terms of the Warrants, be (i) duly authorized,
fully paid and non-assessable, and (ii) free from all liens, charges and security interests, except as arising through the acts or omissions
ofNextelligence and except as arising from applicable Federal Securities Laws and State Securities Laws. The Company shall reserve and
keep available, out of its authorized but unissued shares of Common Stock for issuance upon the exercise of the Warrants, free from pre-emptive
rights, such number of shares of Common Stock for which the Warrants shall from time to time be exercisable.

 

ARTICLE
VI

Confidential
Information

 

6.1
Company Confidential Information.

 

(a)
Nextelligence acknowledges and agrees that the Company Confidential Information is and shall remain the sole property of the Company.
Nextelligence shall protect the Company Confidential Information from unauthorized dissemination and shall use the same degree of care
that Nextelligence uses to protect its own like information,
but in no event less than a reasonable
degree of care. Nextelligence shall not disclose to third parties the Company Confidential Information without the prior written consent
of the Company. Nextelligence shall use the Company Confidential Information only for purposes of performing its obligations or exercising
its rights under this Agreement.

 

    9

     

    

 

(b)
Notwithstanding the provisions of Section 6.l(a), Nextelligence may use or disclose the Company Confidential Information to the extent
Nextelligence is legally compelled to do so, provided, however, that prior to any such compelled disclosure, Nextelligence notifies the
Company and fully cooperates.with the Company in protecting against any such disclosure and/or obtaining a protective order narrowing
the scope of such disclosure and/or use of the Confidential Information. Nextelligence acknowledges and agrees that any breach of this
Section 6.1 would cause irreparable harm to the Company for which monetary damages would not be adequate and, therefore, Nextelligence
agrees that, in the event of a breach of this Section 6.1, the Company shall be entitled to equitable relief in addition to any remedies
it may have hereunder or at law.

 

6.2
Nextelligence Confidential Information.

 

(a)
The Company acknowledges and agrees that the Nextelligence Confidential Information is and shall remain the sole property of Nextelligence.
The Company shall protect the Nextelligence Confidential Information from unauthorized dissemination and shall use the same degree of
care that the Company uses to protect its own like information, but in no event less than a reasonable degree of care. The Company shall
not disclose to third parties the Nextelligence Confidential Information without the prior written consent of Nextelligence. The Company
shall use the Nextelligence Confidential Information only for purposes of performing its obligations or exercising its rights under this
Agreement.

 

(b)
Notwithstanding the provisions of Section 6.2(a), the Company may use or disclose the Nextelligence Confidential Information to the extent
the Company is legally compelled to do so, provided, however, that prior to any such compelled disclosure, the Company notifies Nextelligence
and fully cooperates with Nextelligence in protecting against any such disclosure and/or obtaining a protective order narrowing the scope
of such disclosure and/or use of the Confidential Information. The Company acknowledges and agrees that any breach of this Section 6.2
would cause irreparable harm to Nextelligence for which monetary damages would not be adequate and, therefore, the Company agrees that,
in the event of a breach of this Section 6.2, Nextelligence shall be entitled to equitable relief in addition to any remedies it may
have hereunder or at law.

 

ARTICLE
VII

Term
and Termination

 

7.1
Term. The term of this Agreement shall commence on the date of this Agreement and shall continue in effect for a period
of forty years (the “Term”). Notwithstanding the provisions of the immediately preceding sentence, certain provisions of
this Agreement may be terminated early by Nextelligence in accordance with the provisions of Section 7.4.

 

    10

     

    

 

7.2
Termination Events. The occurrence of any of the following events or conditions shall constitute a “Termination Event”
hereunder:

 

(a)
The Company shall fail for any reason to make any payment to Nextelligence when required pursuant to the provisions of Section 4.1 and
such failure shall not have been cured within three days thereafter;

 

(b)
Except as otherwise providedin Section 7.2(a), the Company shall fail to perform or breach or default in any of its obligations under
this Agreement and such failure to perform, breach or default is not cured within sixty days after receipt of notice from Nextelligence;

 

(c)
The Company shall (i) admit in writing its inability to pay its debts generally as they become due, (ii) file a voluntary petition under
any bankruptcy, insolvency or other law for the relief or aid of debtors, including without limitation the Bankruptcy Code of 1978, as
amended, (iii) make any assignment for the benefit of its creditors or (iv) enter into any composition agreement;

 

(d)
An involuntary petition shall be filed against the Company under any bankruptcy, insolvency or other law for the relief or aid of debtors,
including without limitation the Bankruptcy Code of 1978, as amended, which involuntary petition is not dismissed within ninety days
after the date of the filing thereof;

 

(e)
Any court of competent jurisdiction shall find that the Company is insolvent or bankrupt;

 

(f)
A receiver or trustee shall be appointed for the Company or for all or a substantial portion of the assets and properties of a party;

 

(g)
A final judgment shall be entered against the Company which is not satisfied or bonded in full within sixty days after the date of the
entry thereof;

 

(h)
All or a substantial portion of the assets and properties of the Company shall be levied upon, seized or attached;

 

(i)
All or a substantial portion of the assets and properties of the Company shall be lost, stolen, damaged or destroyed;

 

(j)
The Company shall fail to perform or breach or default in any of its obligations under the Warrants and such failure to perform, breach
or default is not cured within three days after receipt of notice from Nextelligence; or

 

(j) A Change in Control of the Company shall
occur.

 

    11

     

    

 

7.3
Change in Control. The term “Change in Control of the Company” means any change in control of the Company of
a nature which would be required to be reported under the Federal Securities Laws, regardless of whether the Company is subject to the
Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (the “Exchange Act”); provided,
however, that, without limitation, a Change in Control of the Company shall be deemed to have occurred if:

 

(a)
subsequent to the date of this Agreement, any “person” (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the
Exchange Act), other than the Company, any subsidiary of the Company or any compensation, retirement, pension or other employee benefit
plan or trust of the Company or any subsidiary of the Company, becomes the “beneficial owner” (as such term is defined in
Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company or any successor to the Company
(whether by merger, consolidation or otherwise) representing twenty percent (20%) or more of the combined voting power of the Company’s
then outstanding securities;

 

(b)
during any period of two consecutive years, the individuals who at the beginning of such period constitute the Board of Directors of
the Company cease for any reason to constitute at least a majority of such Board of Directors, unless the election of each director who
was not a director at the beginning of such period has been approved in advance by the directors representing at least two-thirds of
the directors then in office who were directors at the beginning of such period;

 

(c)
the Company shall merge or consolidate with or into another corporation or other entity, or enter into a binding agreement to merge or
consolidate with or into another corporation or other entity, other than a merger or consolidation which would result in the voting securities
of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving corporation or entity) not less than eighty percent (80%) of the combined voting power of the voting
securities of the Company or such surviving corporation or entity outstanding immediately after such merger or consolidation;

 

(d)
the Company shall sell, lease, exchange or otherwise dispose of all or substantially all of its assets, or enter into a binding agreement
for the sale, lease, exchange or other disposition of all or substantially all of its assets, in one transaction or in a series of related
transactions; or

 

(e)
the Company shall liquidate or dissolve, or any plan or proposal shall be adopted for the liquidation or dissolution of the Company.

 

Notwithstanding
the foregoing, the acquisition of shares of Common Stock by Telebrands Corp. or any Affiliate of Telebrands Corp. shall not be deemed
to constitute a “Change in Control of the Company” so long as such shares of Common Stock are subject to that certain Voting
Trust Agreement dated as of October 15, 2012.

 

    12

     

    

 

7.4
Termination. Upon the occurrence of a Termination Event, Nextelligence shall have
the right to terminate the provisions of Articles II through IV, Sections 7.1 through 7.3, and Article VIII of this Agreement upon the
delivery of written notice thereof to the Company, but all of the other provisions of this Agreement shall remain in full force and effect
for an indefinite period.

 

ARTICLE
VIII

Excuse
of Performance

 

No
party shall be liable for any failure to perform under this Agreement, other than any obligation to make any payment, due to an act of
God, war, public enemy, any person engaged in subversive activity, sabotage, terrorism, hacking or other similar acts, fire, flood, storm,
explosion, hurricane, tornado, earthquake or other natural disaster or catastrophe, epidemic or quarantine restriction, interruption
of power supplies or hosting services or any other cause beyond the reasonable control of the party attempting to excuse its performance
pursuant to this Article VIII.

 

ARTICLE
IX

Disclaimers;
Limitation on Liability

 

9.1
Disclaimer. NEXTELLIGENCE MAKES NO WARRANTIES WITH RESPECT TO ANY PRODUCTS, LICENSE OR SERVICE, INCLUDING WITHOUT LIMITATION
LICENSED TECHNOLOGY, AND DISCLAIMS ALL STATUTORY OR IMPLIED WARRANTIES, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE
OR USAGE OF TRADE. NEXTELLIGENCE DOES NOT WARRANT THAT THE TECHNOLOGY WILL MEET ANY OF THE COMPANY’S REQUIREMENTS OR THAT THE OPERATION
OF THE TECHNOLOGY WILL BE UNINTERRUPTED OR ERROR-FREE. 

 

9.2
Limitation on Liability. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY UNDER ANY CONTRACT, TORT (INCLUDING
NEGLIGENCE AND STRICT LIABILITY), INDEMNITY OR OTHER LEGAL, CONTRACTUAL OR EQUITABLE THEORY FOR (a) ANY INDIRECT, SPECIAL, PUNITIVE,
INCIDENTAL OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED AND WHETHER OR NOT ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES; (b) DAMAGES
FOR LOST PROFITS OR LOST DATA; OR (c) COST AND EXPENSES OF PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY OR SERVICES.

 

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ARTICLE
X

Certain
Representations and Warranties

 

10.1
Certain Representations and Warranties of Nextelligence. Nextelligence represents and warrants to the Company as follows:

 

(a)
Nextelligence is a corporation duly organized and existing under the laws of the State of Delaware.

 

(b)
Nextelligence has all necessary power and authority to execute and deliver this Agreement and has taken all necessary corporate action
required to be taken to authorize Nextelligence to execute and deliver this Agreement and to perform all of its obligations, undertakings
and agreements to be observed and performed by it under this Agreement. This Agreement has been duly executed and delivered by Nextelligence
and is a valid and binding agreement of Nextelligence. The execution and delivery of this Agreement by Nextelligence does not violate
any provision of Nextelligence’ organizational documents, violate, or result in, with the giving of notice or the lapse of time or both,
a violation of any provision of, or result in the acceleration of or entitle any party to accelerate (whether after the giving of notice,
or lapse of time or both) any obligation under, any mortgage, lien, lease, agreement, license, instrument, law, ordinance, regulation,
order, arbitration award, judgment or decree to which Nextelligence the acceleration of or entitle any party to accelerate (whether after
the giving of notice, or lapse of time or both) any obligation under, any mortgage, lien, lease, agreement, license, instrument, law,
ordinance, regulation, order, arbitration award, judgment or decree to which Nextelligence is a party or by which Nextelligence or any
of its assets is bound.

 

(c)
Nextelligence is the sole owner of the Technology, free and clear of all liens, security interests, encumbrances and charges of any kind
or nature whatsoever. Nextelligence has all necessary rights, power and authority to license the Technology to the Company, and the Company
shall be fully protected in utilizing any or all of the Technology.

 

(d)
Nextelligence (i) is not involved in any manner in any suit, action or proceeding which involves a claim of infringement or misappropriation
of any of the Technology and (ii) has not received any written complaint, claim, demand or notice alleging any such claim or possible
claim. None of the Technology or the use thereof infringes on or violates in any manner the patent, trademark, service mark, copyright,
trade dress or other Intellectual Property Rights of any Person, or any trade secret or confidential or proprietary information or data
of any Person.

 

10.2 Certain Representations, Warranties of the Company. The
Company represents and warrants to Nextelligence as follows:

 

(a)
The Company is a corporation duly organized and existing under the laws of the State of Florida.

 

(b)
The Company has all necessary power and authority to execute and deliver this Agreement and has taken all necessary corporate action
required to be taken to authorize the Company to execute and deliver this Agreement and to perform all of its obligations,
undertakings and agreements to be observed and performed by it under this Agreement. This Agreement has been duly executed and
delivered by the Company and is a valid and binding agreement of the Company. The execution and delivery of this Agreement by the
Company does not violate any provision of its organizational documents, violate, or result in, with the giving of notice or the
lapse of time or both, a violation of any provision of, or result in the acceleration of or entitle any party to accelerate (whether
after the giving of notice, or lapse of time or both) any obligation under, any mortgage, lien, lease, agreement, license,
instrument, law, ordinance, regulation, order, arbitration award, judgment or decree to which the Company is a party or by which
the Company or any of its assets is bound.

 

    14

     

    

 

 

ARTICLE
XI

Indemnification

 

11.1 Indemnification
by Nextelligence. Nextelligence shall indemnify and hold harmless the Company, its Affiliates and their respective
shareholders, members, directors, officers, employees, agents, attorneys and representatives (all of the foregoing are hereinafter
collectively referred to as the “Company Indemnitees”) of, from and against the full amount of any and all claims,
demands, actions, causes of actions, losses, liabilities, damages, settlements, taxes, deficiencies, assessments, costs and expenses
(including without limitation fees and disbursements of trial and appellate counsel) (collectively, the “Indemnified
Expenses”) suffered or incurred by any or all of the Nextelligence Indemnitees arising out of or in connection with any third
party claim that the any of the Technology or the use thereof violates the patent, trademark, service mark, copyright, trade dress
or other Intellectual Property Rights of any Person, or any trade secret or confidential or proprietary information or data of any
Person. The Company shall immediately advise Nextelligence of any claim or suit of which it becomes aware. The Company may, at its
option, join in the defense or settlement of any such claim with counsel of its choice, at its own expense.

 

ARTICLE
XII

Miscellaneous
Provisions

 

12.1
Governing Law. This Agreement shall be governed by, and shall be construed and interpreted in accordance with, the laws
of the State of Florida, without giving effect to the provisions regarding conflicts of law thereof.

 

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12.2
Notices. Any and all notices and other communications required or permitted to be given pursuant to this Agreement shall
be in writing and shall be deemed to have been duly given (a) when delivered by hand, (b) two days after having been delivered to Federal
Express, UPS, Airborne or another recognized overnight courier or delivery service, (c) when delivered by facsimile transmission, provided
that an original copy of such transmission shall be sent by first class mail, postage prepaid, or (d) five days after having been deposited
into the United States mail, by registered or certified mail, return receipt requested, postage prepaid, to the respective parties at
their respective addresses or to their respective facsimile telephone numbers set forth below:

 

	If to Nextelligence:	Nextelligence, Inc.
		5830 TG Lee Boulevard
		Suite 301
		Orlando, Florida 32822
	 	Attention: Chief Executive Officer
		Facsimile:
		 
	If to the Company:	FreeCast, Inc.
		5830 TG Lee Boulevard
		Suite 310
		Orlando, Florida 32822
		Attention: Chief Executive Officer
		Facsimile:

 

or
to such other address or facsimile telephone number as any party may from time to time give written notice of to the others pursuant
to the foregoing provisions of this Section 12.2. It is specifically understood and agreed by the parties that any notice or other communication
given by telephone, email, texting, twittering or any other form or forms of communication not specifically permitted by subsections
(a), (b), (c) or (d) of this Section 12.2 shall not be deemed to be properly delivered for purposes of this Agreement and shall, therefore,
be ineffective.

 

12.3
Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter
hereof and supersedes all prior discussions, agreements, understandings, negotiations and arrangements, both oral and written, between
the parties with respect to such subject matter. Without limiting the generality of the immediately preceding sentence, the Original
Agreements are superseded by this Agreement and shall hereafter be of no force or effect. This Agreement may not be amended, modified,
altered or repealed in any manner, except by a written instrument executed by each of the parties.

 

12.4
Assignment. This Agreement may not be assigned, in whole or in part, directly or indirectly, by the Company. Any purported
assignment, sale, transfer, delegation or other disposition of this Agreement by the Company shall be null and void. Nextelligence may
assign any or all of its interest in the Agreement at any time without the consent of the Company.

 

12.5
Independent Contractor Status. Each of the parties is an independent contractor,
and not an agent, partner, joint venturer, franchisee or employee of any other party. Nothing contained in this Agreement shall be construed
to create a partnership, joint venture or agency relationship between or among the parties.

 

12.6
Benefits; Binding Effect. This Agreement shall be for the benefit of, and shall be binding upon, the parties and their
respective successors and assigns.

 

    16

     

    

 

12.7
Further Assurances. Each of the parties shall cooperate with one another, shall do and perform such actions and things,
and shall execute and deliver such agreements, documents and instruments, as may be reasonable and necessary to effectuate the purposes
and intents of this Agreement.

 

12.8
Severabilitv. The invalidity of any one or more of the words, phrases, sentences, clauses or sections contained in this
Agreement shall not affect the enforceability of the remaining portions of this Agreement or any part hereof, all of which are inserted
conditionally on their being valid in law. If any one or more of the words, phrases, sentences, clauses or sections contained in this
Agreement shall be declared invalid by any court of competent jurisdiction, then, in any such event, this Agreement shall be construed
as if such invalid word or words, phrase or phrases, sentence or sentences, clause or clauses, or section or sections had not been inserted.

 

12.9
Jurisdiction and Venue; Service of Process; Waiver of Trial by Jury.
If any dispute, controversy, suit, action or proceeding shall arise between the parties, then such dispute, controversy,
suit, action or proceeding may only be brought for resolution in the United States District Court for the Middle District of Florida,
Orlando Division, or in the Judicial Circuit Court in and for Orange County, Florida. Each of the parties consents to the jurisdiction
and venue of such courts, and agrees that it or he shall not contest or challenge the jurisdiction or venue of such courts. Each of the
parties agrees that service of any process, summons, notice or document, by United States registered or certified mail, to its or his
address set forth in or as provided herein shall be effective service of process for any suit, action or proceeding brought against it
or him in any such court. In recognition of the fact that the issues which would arise under this Agreement are of such a complex nature
that they could not be properly tried before a jury, each of the parties waives trial by jury.

 

12.10
Attorneys’ Fees. If a party to this Agreement shall bring suit against the other party based in whole or in part upon a
breach or violation of any provision hereof, then, in any such event, the prevailing party in such suit shall be awarded, and shall be
paid by the non-prevailing party, reasonable fees and disbursements of legal counsel (including trial and appellate counsel) paid, incurred
or suffered by the prevailing party in connection with such suit.

 

12.11
No Waivers. The waiver by a party of a breach or violation of any provision of this Agreement by the other party shall
not operate nor be construed as a waiver of any subsequent breach or violation. The waiver by a party to exercise any right or remedy
it may possess shall not operate nor be construed as a bar to the exercise of such right or remedy by such party upon the occurrence
of any subsequent breach or violation.

 

12.12
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of any or all of the provisions hereof.

 

12.13
Counterparts. This Agreement may be executed in any number of counterparts and by the separate parties in separate counterparts,
each of which shall be deemed to constitute an original and all of which shall be deemed to constitute the one and the same instrument.

 

12.14
Effective Date. This Agreement shall be effective for all purposes from and after July
1, 2014.

 

    17

     

    

 

IN
WITNESS WHEREOF, each of the parties has executed and delivered this Agreement as of the date first written above.

 

	NEXTELLIGENCE,
    INC.	 	FREECAST, INC.
	 	 	 
	By	/s/
    William A. Mobley, Jr.	 	By	/s/
    Christopher M. Savine
	 	William A. Mobley, Jr.	 	 	Christopher M. Savine,
	 	Chairman of the Board and	 	 	Chief Financial Officer
	 	Chief Executive Officer	 	 	 

 

 

18

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