Document:

Exhibit
10.1

 

BOARD
OF DIRECTORS AGREEMENT

 

This
Board of Directors Agreement (“Agreement”) is made and entered into as of ____________ and effective as of _______ (the “Effective
Date”), by and between Vinco Ventures, Inc., a Nevada corporation (the “Company”) with its principal place of business
at 1 West Broad Street, Suite 1004, Bethlehem, PA 18018, and ______, an individual with an address set forth on the signature page to
this Agreement (“Director”).

 

1.
Term

 

This
Agreement shall continue for a period of one (1) year from the Effective Date and shall continue thereafter for as long as Director is
elected as a member of the Board of Directors by the shareholders of the Company.

 

2.
Position and Responsibilities

 

(a)
Position. The Board of Directors hereby appoints the Director and to serve as a Board Member until the next annual meeting of
the Company’s shareholders or until his earlier resignation, removal or death. The Director shall perform such duties and responsibilities
as are customarily related to such position in accordance with the Company’s bylaws and applicable law, including, but not limited
to, those services described on Exhibit A attached hereto (the “Services”). Director shall also serve on one or more
Committees of Board of Directors (“Committee”) and serve as the Chairperson of the Committee set forth in Exhibit A.

 

(b)
Compensation Committee. Director hereby agrees to use his best efforts to provide the Services. Director shall not delegate, assign,
or otherwise allow a third party or entity to perform any of the Services for or instead of Director. Director shall comply with all
statutes, rules, regulations and orders of any governmental or quasi-governmental authority, which are applicable to the Company and
the performance of the Services, and Company’s rules, regulations, and practices as they may from time-to-time be adopted or modified.

 

(c)
Other Activities. Director may be employed by another company, may serve on other Boards of Directors or Advisory Boards, and
may engage in any other business activity (whether or not pursued for economic advantage), as long as such outside activities do not
violate Director’s obligations under this Agreement or Director’s fiduciary obligations to the Company’s shareholders.
The ownership of less than a 5% interest in any entity, by itself, shall not constitute a violation of this duty. Director represents
that Director has no outstanding agreement or obligation that conflicts with any of the provisions of this Agreement. Director agrees
to use his best efforts to avoid or minimize any such conflict and shall not enter into any agreement or obligation that could create
a conflict without the approval of a majority of the Board of Directors. Director shall promptly notify the Board prior to making a disclosure
or taking any action that may conflict with any provision of this Agreement.

 

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(d)
No Conflict. Director will not engage in any activity that creates an actual or perceived conflict of interest with Company, regardless
of whether such activity is prohibited by Company’s conflict of interest guidelines or this Agreement, and Director agrees to notify
the Board of Directors before engaging in any activity that could reasonably be assumed to create a potential conflict of interest with
Company. Notwithstanding the provisions of Section 2(c) hereof, Director shall not engage in any activity that is in direct competition
with the Company or serve in any capacity (including, but not limited to, as an employee, consultant, advisor or director) in any company
or entity that competes directly or indirectly with the Company, as reasonably determined by a majority of Company’s disinterested
board members, without the approval of the Board of Directors.

 

3.
Compensation and Benefits

 

(a)
Director’s Fee. The Company shall pay Director a quarterly fee of $29,000 in consideration of the services rendered under
this Agreement. The fee shall be paid in accordance with Company’s established practices regarding the payment of Directors’
fees.

 

(b)
Stock / Restricted Stock Units. Subject to vesting, the Company shall issue, or grant, to Director 25,000 shares of the Company’s
common stock, or restricted stock units (“RSUs”) per quarter and an additional 100,000 RSUs at the end of each one (1) year
term, under the Company’s 2021 Equity Incentive Plan or its equivalent. The form of RSU Grant Notice is set forth in Exhibit
B.

 

(c)
Discretionary Bonus. The Company may pay Director a bonus, at its sole and complete discretion, in cash and/or in shares of the
Company’s common stock, or RSU.

 

(d)
Expenses. The Company shall reimburse Director for all reasonable business expenses incurred in the performance of the Services
in accordance with Company’s expense reimbursement guidelines.

 

(e)
Records. Director shall have full access to the books, records, and management of Company while serving as a Director.

 

4.
D&O Insurance Policy. Upon acceptance and signature of this Agreement by the Parties,
the Company shall immediately provide to the Director the benefit of one or more director and officer (“D&O”)
insurance policies (collectively, the “D&O Insurance Policy”) subscribed
with a well-rated insurance company of national or international repute (the “Insurance Company”)
providing D&O insurance coverage in line with best practice for companies in the United States with a similar market capitalization
and industry to the Company (“Best Practices”), to the fullest extent permitted
by applicable laws and regulations. Any losses incurred by the Director for any damages, losses, liabilities, judgments, and amounts
paid in settlement (if such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld), including
without limitation all interest, assessments and other charges paid or payable in connection with or in respect of any of the foregoing
(collectively, the “Losses”) if the Director is or was or becomes a party to
or witness or other participant in, or is threatened to be made a party to or witness or other participant in, any threatened, pending
or completed claim, demand, action, suit, proceeding or alternative dispute resolution mechanism, whether civil, administrative, investigative
or other, whether formal or informal, or any inquiry or investigation, whether made, instituted or conducted by the Company or any other
party, including without limitation any foreign, federal, state or other governmental entity by reason of (or arising in part out of)
any event or occurrence related to the fact that the Director is or was a Director or Officer of the Company, or any Subsidiary of the
Company (as defined below), or is or was serving at the request of the Company as a director or officer of another corporation, partnership,
joint venture, trust or other enterprise, or by reason of any action or inaction on the part of the Director while serving in such capacity,
shall be referred hereunder, collectively, as an “Indemnifiable Claim”. The
Director shall be compensated for any Indemnifiable Claim by this D&O Insurance Policy or if not indemnifiable thereunder, by the
Company to the fullest extent permitted by law. Also to the fullest extent permitted by applicable laws and regulations, the D&O
Insurance Policy shall provide for indemnification of the Director in line with Best Practices against reasonable and necessary Expenses
as a result of the facts, acts or omission described above, in the event the Director was, or is threatened to be made, a party or witness
or participant in, by whatever means, a hearing or investigation which the Director in good faith and reasonably thinks could lead to
an action or other relief, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative, or
other, whether formal or informal. This Section 4 shall survive the termination of this Agreement.

 

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5.
Indemnification. Company will indemnify and defend Director against any liability incurred in the performance of the Services
to the fullest extent authorized in Company’s Articles of Incorporation, as amended, bylaws, as amended and applicable law. This
Section 5 shall survive the termination of this Agreement.

 

6.
Termination

 

(a)
Removal by Company. Director may be removed as Board Member at any time as provided in Company’s Articles of Incorporation
and bylaws, as amended, and applicable law.

 

(b)
Termination Grant. In the event that the Director is removed by the Company prior to the end of the Term pursuant to Section 4(a),
Director shall receive the balance of his Compensation and Benefits pursuant to Section 3 through the date of termination, and an additional
issuance, or grant, of 100,000 shares of the Company’s common stock or RSUs (“Termination Grant”). Director shall not
be entitled to the Termination Grant pursuant to this Section 6(b) in the event that the Director resigns pursuant to Section 6(c), or
is removed for Cause pursuant to Section 6(d).

 

(c)
Resignation by Director. Director may resign as Board Member or Director as provided in Company’s Articles of Incorporation
and bylaws, as amended, and applicable law. Notwithstanding anything to the contrary contained in or arising from this Agreement or any
statements, policies, or practices of Company, Director shall be not required to provide any advance notice or any reason or cause for
termination or Director’s status as Board Member, except as provided in Company’s Articles of Incorporation and Company’s
bylaws, as amended, and applicable law. Thereafter, all of Company’s obligations under this Agreement shall cease.

 

(d)
Removal for Cause. Director may be removed from serving a Board Member or Director for cause. “Cause” means
the Director’s: (i) willful misconduct, gross negligence, fraud, embezzlement or other material dishonesty with respect to the
affairs of the Company or any of its affiliates; (ii) material failure to meet minimum performance expectations of the Board/Shareholders;
(iii) conviction, plea of nolo contendere, guilty plea, or confession to either a felony or any lesser crime relating to the affairs
of the Company or any of its affiliates or of which fraud, embezzlement, or moral turpitude is a material element; or (iv) a material
breach of this Agreement or a breach of a fiduciary duty owed to the Company, provided that any such breach, if curable, shall not constitute
Cause unless the Company has provided the Executive with (x) written notice of the acts or omissions giving rise to a termination of
his employment for Cause; (y) the opportunity to correct the act or omission within 30 days after receiving the Company’s notice
(the “Cure Period”); and (z) an opportunity to be heard before the Board with the Director’s counsel present
prior to the expiration of the Cure Period.

 

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(e)
Termination Obligations

 

(i)
Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records,
notes, contracts, and computer-generated materials provided to or prepared by Director in connection with the Services and his membership
on the Company’s Board of Directors or any committee therefore is the sole and exclusive property of the Company and shall be promptly
returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors.

 

(ii)
Upon termination of this Agreement, Director shall be deemed to have resigned from all offices then held with Company by virtue of his
position as Board Member. Director agrees that following any termination of this Agreement, she shall cooperate with Company in the winding
up or transferring to other directors of any pending work and shall also cooperate with Company (to the extent allowed by law, and at
Company’s expense) in the defense of any action brought by any third party against Company that relates to the Services.

 

(iii)
Nondisclosure Obligations. Director shall maintain in confidence and shall not, directly or indirectly, disclose or use, either during
confidential information, or trade secrets belonging to Company, whether in written or permanent form, except to the extent necessary
to perform the Services, as required by a lawful government order or subpoena, or as authorized in writing by Company. These nondisclosure
obligations also apply to Proprietary Information belonging to customers and suppliers of Company, and to other third parties, learned
by Director as a result of performing the Services. “Proprietary Information” means all information pertaining in any manner
to the business of Company, unless: (i) the information is or becomes publicly known through lawful means; (ii) the information was part
of Director’s general knowledge prior to his relationship with Company; or (iii) the information is disclosed to Director without
restriction by a third party who rightfully possesses the information and did not learn of it from Company or after the term of this
Agreement, and Proprietary Information.

 

This
Section 6 shall survive the termination of this Agreement.

 

7.
Dispute Resolution

 

(a)
Governing Law. This Agreement shall be governed by and construed under the laws of the State of Nevada, without giving effect
to conflicts of law principles that would require the application of the laws of any other jurisdiction.

 

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(b)
Jurisdiction and Venue. The parties agree that any suit, action, or proceeding between Director and Company (and its affiliates,
shareholders, directors, officers, employees, members, agents, successors, attorneys, and assigns) relating to this Agreement shall be
brought in either the United States District Court for the Eastern District of Pennsylvania or in a Pennsylvania state court and that
the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to the fullest extent permitted by law, any
objection the party may have to the laying of venue for any such suit, action or proceeding brought in such court. If any one or more
provisions of this Section shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such
provisions shall be modified to the minimum extent necessary to make it or its application valid and enforceable.

 

(c)
Attorneys’ Fees. Should any litigation, arbitration or other proceeding be commenced between the parties concerning the
rights or obligations of the parties under this Agreement, the party prevailing in such proceeding shall be entitled, in addition to
such other relief as may be granted, to a reasonable sum for its attorneys’ fees in such proceeding. This amount shall be determined
by the court in such proceeding or in a separate action brought for that purpose. In addition to any amount received as attorneys’
fees, the prevailing party also shall be entitled to receive from the party held to be liable, an amount equal to the attorneys’
fees and costs incurred in enforcing any judgment against such party. This Section is severable from the other provisions of this Agreement,
survives any judgment and is not deemed merged into any judgment.

 

This
Section 7 shall survive the termination of this Agreement.

 

8.
Entire Agreement

 

This
Agreement constitutes the entire understanding between the undersigned parties. This Agreement supersedes all prior and contemporaneous
agreements or understandings among the parties hereto concerning the Agreement.

 

9.
Amendments; Waivers

 

This
Agreement may be amended, modified, superseded or canceled, and any of the terms, covenants, representations, warranties or conditions
hereof may be waived, only by a written instrument executed by the parties or, in the case of a waiver, by the party to be charged. Any
amendment or waiver by the Company must be approved by the Company’s Board of Directors and executed on behalf of the Company by
its Chief Executive Officer. If the Director shall also serve as Chief Executive Officer, such amendment or waiver must be executed on
behalf of the Company by an officer designed by the Company’s Board of Directors.

 

10.
Assignment

 

This
Agreement shall not be assigned by either party.

 

11.
Severability

 

If
any provision of this Agreement shall be held by a court to be invalid, unenforceable, or void, such provision shall be enforced to fullest
extent permitted by law, and the remainder of this Agreement shall remain in full force and effect. In the event that the time period
or scope of any provision is declared by a court of competent jurisdiction to exceed the maximum time period or scope that such court
deems enforceable, then such court shall reduce the time period or scope to the maximum time period or scope permitted by law.

 

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12.
Interpretation

 

This
Agreement shall be construed as a whole, according to its fair meaning, and not in favor of or against any party. Captions are used for
reference purposes only and should be ignored in the interpretation of the Agreement.

 

13.
Binding Agreement. Each
party represents and warrants to the other that the person(s) signing this Agreement below has authority to bind the party to this Agreement
and that this Agreement will legally bind both Company and Director. To the extent that the practices, policies, or procedures of Company,
now or in the future, are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. Any subsequent
change in Director’s duties or compensation as Board Member will not affect the validity or scope of the remainder of this Agreement.

 

14.
Director Acknowledgment

 

Director
acknowledges (1) he/she has had the opportunity to consult legal counsel concerning this Agreement, (2) has read and understands the
Agreement, (3) is fully aware of its legal effect, and (4) enters into this Agreement freely, based on his/her own judgment and not on
any representations or promises other than those contained in this Agreement.

 

15.
Counterparts

 

This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

 

[Signature
Page and Exhibits to Follow]

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the Effective Date.

 

	Vinco
    Ventures, Inc.	 
	 	 	 
	 	 
	By:	 	 
	Title:	
    Chief Executive Officer	 

 

Address

1
West Broad Street Suite 1004

Bethlehem,
PA 18018

 

	Director
	 	 	 
	 	 
	Name:
    	         	 
	Address:	 
	 	 	 
	Email:
    	 	 

 

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EXHIBIT
A

 

DESCRIPTION
OF SERVICES

 

Responsibilities
as Director. Director shall have all responsibilities of a Director of the Company imposed by Nevada or applicable law, the Articles
of Incorporation, as amended, and Bylaws, as amended, of Company. These responsibilities shall include, but shall not be limited to,
the following:

 

	 	1.	Attendance.
    Use best efforts to attend scheduled meetings of Company’s Board of Directors;
	 	 	 
	 	2.	Act
    as a Fiduciary. Represent the shareholders and the interests of Company as a fiduciary; and
	 	 	 
	 	3.	Participation.
    Participate as a full voting member of Company’s Board of Directors in setting overall objectives, approving plans and programs
    of operation, formulating general policies, offering advice and counsel, serving on Board Committees, and reviewing management performance.
	 	 	 
	 	4.	Committees.
    Director shall serve as a member of the following Committees: ___________________________.

 

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EXHIBIT
B

 

RESTRICTED
STOCK UNIT GRANT NOTICE

UNDER
THE

VINCO
VENTURES, INC.

OMNIBUS
INCENTIVE PLAN

 

(Non-Employee
Directors)

 

Vinco
Ventures, Inc. (the “Company”), pursuant to its Vinco Ventures, Inc. Omnibus Incentive Plan (the “Plan”), as
it may be amended and restated from time to time (the “Plan”), or board approval of restricted shares if no available plan
shares hereby grants to the Participant set forth below the number of Restricted Stock Units set forth below. The Restricted Stock Units
are subject to all of the terms and conditions as set forth herein, in the Restricted Stock Unit Agreement (attached hereto), and in
the Plan, all of which are incorporated herein in their entirety. Capitalized terms not otherwise defined herein shall have the meaning
set forth in the Plan.

 

	Participant
    Name:	 
	 	 
	Address:	 
	 	 
	Number
    of Restricted Stock Units:	 
	 	 
	Date
    of Grant:	 
	 	 
	Vesting
    Schedule:	 
	 	 
	 	 

 

	VINCO
    VENTURES, INC.	 
	 	 	 
	By:
    	 	 
	Title:
    	Chief
    Executive Officer	 

 

THE
UNDERSIGNED PARTICIPANT ACKNOWLEDGES RECEIPT OF THIS RESTRICTED STOCK UNIT GRANT NOTICE, THE RESTRICTED STOCK UNIT AGREEMENT, AND THE
PLAN, AND, AS AN EXPRESS CONDITION TO THE GRANT OF RESTRICTED STOCK UNITS HEREUNDER, AGREES TO BE BOUND BY THE TERMS OF THIS RESTRICTED
STOCK UNIT GRANT NOTICE, THE RESTRICTED STOCK UNIT AGREEMENT, AND THE PLAN.

 

	PARTICIPANT
	 		 
	By:	                     	 

 

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RESTRICTED
STOCK UNIT AGREEMENT

UNDER
THE

VINCO
VENTURES, INC.

OMNIBUS
INCENTIVE PLAN

 

(Non-Employee
Directors)

 

Pursuant
to the Restricted Stock Unit Grant Notice (the “Grant Notice”) delivered to the Participant (as defined in
the Grant Notice), and subject to the terms of this Restricted Stock Unit Agreement (this “Restricted Stock Unit Agreement”)
and the Vinco Ventures, Inc. Omnibus Incentive Plan, as it may be amended and restated from time to time (the “Plan”),
Vinco Ventures, Inc. (the “Company”) and the Participant agree as follows. Capitalized terms not otherwise
defined herein shall have the same meaning as set forth in the Plan.

 

1.
Grant of Restricted Stock Units. Subject to the terms and conditions set forth herein and in the Plan, the Company hereby
grants to the Participant the number of Restricted Stock Units provided in the Grant Notice (with each Restricted Stock Unit representing
an unfunded, unsecured right to receive one share of Common Stock). The Company may make one or more additional grants of Restricted
Stock Units to the Participant under this Restricted Stock Unit Agreement by providing the Participant with a new Grant Notice, which
may also include any terms and conditions differing from this Restricted Stock Unit Agreement to the extent provided therein. The Company
reserves all rights with respect to the granting of additional Restricted Stock Units hereunder and makes no implied promise to grant
additional Restricted Stock Units.

 

2.
Vesting.

 

(a)
Subject to the conditions contained herein and in the Plan, the Restricted Stock Units shall vest as provided in the Grant Notice.

 

(b)
In the event of a Change in Control, provided that the Participant has not undergone a Termination prior to occurrence thereof, any unvested
Restricted Stock Units will become vested as of immediately prior to such Change in Control.

 

3.
Settlement of Restricted Stock Units. The Company will deliver to the Participant, without charge, as soon as reasonably
practicable following the applicable vesting date, one share of Common Stock for each Restricted Stock Unit (as adjusted under the Plan,
as applicable) which becomes vested hereunder and such vested Restricted Stock Unit shall be cancelled upon such delivery. The Company
shall either (a) deliver, or cause to be delivered, to the Participant a certificate or certificates therefor, registered in the Participant’s
name or (b) cause such shares of Common Stock to be credited to the Participant’s account at the third party stock plan administrator.
Notwithstanding anything in this Restricted Stock Unit Agreement to the contrary, the Company shall have no obligation to issue or transfer
any shares of Common Stock as contemplated by this Restricted Stock Unit Agreement unless and until such issuance or transfer complies
with all relevant provisions of law and the requirements of any stock exchange on which the Company’s shares of Common Stock are
listed for trading.

 

4.
Treatment of Restricted Stock Units Upon Termination. The provisions of Section 9(c)(ii) of the Plan are incorporated herein
by reference and made a part hereof.

 

5.
Company; Participant.

 

(a)
The term “Company” as used in this Restricted Stock Unit Agreement with reference to service shall include the Company and
its Subsidiaries.

 

(b)
Whenever the word “Participant” is used in any provision of this Restricted Stock Unit Agreement under circumstances where
the provision should logically be construed to apply to the executors, the administrators, or the person or persons to whom the Restricted
Stock Units may be transferred by will or by the laws of descent and distribution, the word “Participant” shall be deemed
to include such person or persons.

 

6.
Non-Transferability. The Restricted Stock Units are not transferable by the Participant and no assignment or transfer of
the Restricted Stock Units, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise,
shall vest in the assignee or transferee any interest or right herein whatsoever, but immediately upon such assignment or transfer the
Restricted Stock Units shall terminate and become of no further effect.

 

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7.
Rights as Shareholder; Dividend Equivalents. The Participant shall have no rights as a shareholder with respect to any
share of Common Stock underlying a Restricted Stock Unit unless and until the Participant shall have become the holder of record or the
beneficial owner of such share of Common Stock, and no adjustment shall be made for dividends or distributions or other rights in respect
of such share of Common Stock for which the record date is prior to the date upon which the Participant shall become the holder of record
or the beneficial owner thereof. The Restricted Stock Units shall be entitled to be credited with dividend equivalent payments upon the
payment by the Company of dividends on shares of Common Stock. Such dividend equivalents will be provided in shares of Common Stock having
a Fair Market Value on the date that the Restricted Stock Units are settled equal to the amount of such applicable dividends, and shall
be payable at the same time as the Restricted Stock Units are settled in accordance with Section 3 above. In the event that any Restricted
Stock Unit is forfeited by its terms, the Participant shall have no right to dividend equivalent payments in respect of such forfeited
Restricted Stock Units.

 

8.
Tax Withholding. The provisions of Section 13(d) of the Plan are incorporated herein by reference and made a part hereof.

 

9.
Section 409A. It is intended that the Restricted Stock Units granted hereunder shall be exempt from Section 409A of the
Code pursuant to the “short-term deferral” rule applicable to such section, as set forth in the regulations or other guidance
published by the Internal Revenue Service thereunder.

 

10.
Notice. Every notice or other communication relating to this Restricted Stock Unit Agreement between the Company and the
Participant shall be in writing, and shall be mailed to or delivered to the party for whom it is intended at such address as may from
time to time be designated by such party in a notice mailed or delivered to the other party as herein provided; provided that,
unless and until some other address be so designated, all notices or communications by the Participant to the Company shall be mailed
or delivered to the Company at its principal executive office, to the attention of the Company’s General Counsel, and all notices
or communications by the Company to the Participant may be given to the Participant personally or may be mailed to the Participant at
the Participant’s last known address, as reflected in the Company’s records. Notwithstanding the above, all notices and communications
between the Participant and any third-party plan administrator shall be mailed, delivered, transmitted or sent in accordance with the
procedures established by such third-party plan administrator and communicated to the Participant from time to time.

 

11.
No Right to Continued Service. Any questions as to whether and when there has been a Termination shall be determined in
the sole discretion of the Company. This Restricted Stock Unit Agreement does not confer upon the Participant any right to continue as
a director or service provider to the Company.

 

12.
Binding Effect. This Restricted Stock Unit Agreement shall be binding upon the heirs, executors, administrators and successors
of the parties hereto.

 

13.
Waiver and Amendments. Except as otherwise set forth in Section 12 of the Plan, any waiver, alteration, amendment or modification
of any of the terms of this Restricted Stock Unit Agreement shall be valid only if made in writing and signed by the parties hereto;
provided, however, that any such waiver, alteration, amendment or modification is consented to on the Company’s behalf by
the Committee. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect
to any subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing
waiver.

 

14.
Clawback / Forfeiture. Notwithstanding anything to the contrary contained herein or in the Plan, if the Participant has
engaged in or engages in any Detrimental Activity, then the Committee may, in its sole discretion, take actions permitted under the Plan,
including: (i) canceling the Restricted Stock Units; or (ii) requiring that the Participant forfeit any gain realized on the settlement
of the Restricted Stock Unit or the disposition of any shares of Common Stock received upon settlement of the Restricted Stock Units,
and repay such gain to the Company. In addition, if the Participant receives any amount in excess of what the Participant should have
received under the terms of this Restricted Stock Unit Agreement for any reason (including without limitation by reason of a financial
restatement, mistake in calculations or other administrative error), then the Participant shall be required to repay any such excess
amount to the Company. Without limiting the foregoing, all Restricted Stock Units shall be subject to reduction, cancellation, forfeiture
or recoupment to the extent necessary to comply with applicable law.

 

15.
Governing Law and Venue. This Restricted Stock Unit Agreement shall be construed and interpreted in accordance with the
laws of the State of Nevada, without regard to the principles of conflicts of law thereof. Notwithstanding anything contained in this
Restricted Stock Unit Agreement, the Grant Notice or the Plan to the contrary, if any suit or claim is instituted by the Participant
or the Company relating to this Restricted Stock Unit Agreement, the Grant Notice or the Plan, the Participant hereby submits to the
exclusive jurisdiction of and venue in the courts of Nevada.

 

16.
Plan. The terms and provisions of the Plan are incorporated herein by reference. In the event of a conflict or inconsistency
between the terms and provisions of the Plan and the provisions of this Restricted Stock Unit Agreement (including the Grant Notice),
the Plan shall govern and control.

 

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17.
Data Privacy Acknowledgment. By electing to participate in the Plan via the Company’s acceptance procedures, the
Participant is declaring that he or she agrees with the data processing practices described herein and consents to the collection, processing
and use of Personal Data (as defined below) by the Company and the transfer of Personal Data to the recipients mentioned herein, including
recipients located in countries which do not adduce an adequate level of protection from a European (or other) data protection law perspective,
for the purposes described herein.

 

(a)
Declaration of Consent. The Participant understands that he or she needs to review the following information about the processing
of his or her personal data by or on behalf of the Company, the Participant’s contracting party (the “Contracting Party”)
and/or any Subsidiary as described in this Restricted Stock Unit Agreement and any other Plan materials (the “Personal Data”)
and declare his or her consent. About the processing of the Participant’s Personal Data in connection with the Plan and this Restricted
Stock Unit Agreement, the Participant understands that the Company is the controller of his or her Personal Data.

 

(b)
Data Processing and Legal Basis. The Company collects, uses and otherwise processes Personal Data about the Participant
for the purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Participant understands
that this Personal Data may include, without limitation, his or her name, home address and telephone number, email address, date of birth,
social insurance number, passport number or other identification number (e.g., resident registration number), compensation, nationality,
job title, any shares of stock or directorships held in the Company, details of all Restricted Stock Units or any other entitlement to
shares of stock or equivalent benefits awarded, cancelled, exercised, vested, unvested or outstanding in the Participant’s favor.
The legal basis for the processing of the Participant’s Personal Data, where required, will be his or her consent.

 

(c)
Stock Plan Administration Service Providers. The Participant understands that the Company may transfer his or her Personal
Data, or parts thereof, to a third-party stock plan administrator (and its affiliated companies, as applicable) based in the United States
which will assist the Company with the implementation, administration and management of the Plan. In the future, the Company may select
a different service provider and share the Participant’s Personal Data with such different service provider that serves the Company
in a similar manner. The Participant understands and acknowledges that the Company’s service provider will open an account for
him or her to receive and trade shares of Common Stock acquired under the Plan and that he or she will be asked to agree on separate
terms and data processing practices with the service provider, which is a condition of the Participant’s ability to participate
in the Plan.

 

(d)
International Data Transfers. The Participant understands that the Company and, as of the date hereof, any third parties
assisting in the implementation, administration and management of the Plan, such as a third-party stock plan administrator, are based
in the United States. The Participant understands and acknowledges that his or her country may have enacted data privacy laws that are
different from the laws of the United States. For example, the European Commission has issued only a limited adequacy finding with respect
to the United States that applies solely if and to the extent that companies self-certify and remain self-certified under the EU/U.S.
Privacy Shield program. The Company currently participates in the EU/U.S. Privacy Shield Program. The Company’s legal basis for
the transfer of the Participant’s Personal Data is his or her consent.

 

(e)
Data Retention. The Participant understands that the Company will use his or her Personal Data only as long as is necessary
to implement, administer and manage his or her participation in the Plan, or to comply with legal or regulatory obligations, including
under tax and securities laws. In the latter case, the Participant understands and acknowledges that the Company’s legal basis
for the processing of his or her Personal Data would be compliance with the relevant laws or regulations. When the Company no longer
needs the Participant’s Personal Data for any of the above purposes, the Participant understands the Company will remove it from
its systems.

 

(f)
Voluntariness and Consequences of Denial/Withdrawal of Consent. The Participant understands that his or her participation
in the Plan and his or her consent is purely voluntary. The Participant may deny or later withdraw his or her consent at any time, with
future effect and for any or no reason. If the Participant denies or later withdraws his or her consent, the Company can no longer offer
the Participant participation in the Plan or offer other equity awards to the Participant or administer or maintain such awards and the
Participant would no longer be able to participate in the Plan. The Participant further understands that denial or withdrawal of his
or her consent would not affect his or her status or compensation as a director or his or her career and that the Participant would merely
forfeit the opportunities associated with the Plan.

 

    	12

     

    

 

(g)
Data Subject Rights. The Participant understands that data subject rights regarding the processing of Personal Data vary
depending on the applicable law and that, depending on where the Participant is based and subject to the conditions set out in the applicable
law, the Participant may have, without limitation, the rights to (i) inquire whether and what kind of Personal Data the Company holds
about him or her and how it is processed, and to access or request copies of such Personal Data, (ii) request the correction or supplementation
of Personal Data about him or her that is inaccurate, incomplete or out-of-date in light of the purposes underlying the processing, (iii)
obtain the erasure of Personal Data no longer necessary for the purposes underlying the processing, processed based on withdrawn consent,
processed for legitimate interests that, in the context of his or her objection, do not prove to be compelling, or processed in non-compliance
with applicable legal requirements, (iv) request the Company to restrict the processing of his or her Personal Data in certain situations
where the Participant feels its processing is inappropriate, (v) object, in certain circumstances, to the processing of Personal Data
for legitimate interests, and to (vi) request portability of the Participant’s Personal Data that he or she has actively or passively
provided to the Company (which does not include data derived or inferred from the collected data), where the processing of such Personal
Data is based on consent or his or her employment and is carried out by automated means. In case of concerns, the Participant understands
that he or she may also have the right to lodge a complaint with the competent local data protection authority. Further, to receive clarification
of, or to exercise any of, the Participant’s rights, the Participant understands that he or she should contact his or her local
human resources representative.

 

(h)
Alternate Basis and Additional Consents. Finally, the Participant understands that the Company may rely on a different
basis for the collection, processing or transfer of Personal Data in the future and/or request that the Participant provide another data
privacy consent. If applicable, the Participant agrees that upon request of the Company or the Contracting Party, the Participant will
provide an executed acknowledgment or data privacy consent form (or any other agreements or consents) that the Company and/or the Employer
may deem necessary to obtain from him or her for the purpose of administering his or her participation in the Plan in compliance with
the data privacy laws in his or her country, either now or in the future. The Participant understands and agrees that he or she will
not be able to participate in the Plan if the Participant fails to provide any such consent or agreement requested by the Company and/or
the Contracting Party.

 

18.
Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time;
(b) the award of the Restricted Stock Units made under this Restricted Stock Unit Agreement is completely independent of any other award
or grant and is made at the sole discretion of the Company; and (c) no past grants or awards (including, without limitation, the Restricted
Stock Units awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever.

 

19.
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.

 

20.
Entire Agreement. This Restricted Stock Unit Agreement, the Grant Notice and the Plan constitute the entire agreement of
the parties hereto in respect of the subject matter contained herein and supersede all prior agreements and understandings of the parties,
oral and written, with respect to such subject matter.

 

    	13Exhibit 10.2

 

Employment
Agreement

 

This
EMPLOYMENT AGREEMENT (the “Agreement”), is entered into as of October __, 2021, by and between Vinco Ventures, Inc.,
a Nevada corporation (the “Company”), and Lisa King (“Executive”).

 

WHEREAS,
the Company recognizes that the Executive has had and is expected to continue to have a critical and essential role in guiding the Company
and in developing the Company’s business;

 

WHEREAS,
the Executive is expected to make major contributions to the stability, growth and financial strength of the Company;

 

WHEREAS,
the Company has determined that appropriate arrangements should be taken to encourage the continued attention and dedication of the Executive
to her assigned duties without distraction;

 

WHEREAS,
in consideration of the Executive’s employment with the Company, the Company desires to provide the Executive with certain compensation
and benefits as set forth in this Agreement; and

 

WHEREAS,
the Executive desires to be employed by the Company on the terms contained in this Agreement which shall supersede all previous employment
agreements regarding the Executive’s service as an officer, director and employment by the Company.

 

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

 

1.
Position and Duties.

 

(a)
The Executive shall serve as the Chief Executive of the Company reporting to the Company’s Board of Directors (the “Board”).
The Executive shall primarily work out of any office she deems appropriate.

 

(b)
The Executive shall have such duties, authority and responsibilities as are consistent with the role of CEO and as may be set forth in
the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations
to the Company under any previous employment agreement are hereby cancelled. For purposes of the applicability of the Company’s
compensation plans to the Executive, Executive shall be considered an “employee.” Nothing herein shall require the Executive
to devote more than a substantial amount of her business time to the performance of her duties hereunder. Accordingly, the Executive
shall be entitled to (i) serve as an advisor or member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable,
educational, religious, public interest or public service boards, (iii) manage the Executive’s personal and family investments,
and (iv) engage in and/or have an ownership interest in other businesses. In addition, the Executive has disclosed to the Company her
involvement in entities and investments other than the Company (collectively, the “Outside Activities”). The Executive
is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business
related activities provided that the Executive agrees to disclose to the Board any actual or potential conflict of interest arising out
of any such activities.

 

2.
Term. This Agreement and Executive’s employment hereunder shall be for an initial term of two (2) years (“Initial
Term”) commencing on the date hereof (the “Effective Date”) and ending on the third anniversary of the Effective
Date, unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the “Term”).
Thereafter, the Term shall continue for an additional one-year periods unless, at least thirty (30) days before the expiration of the
then in effect Term, the Company provides notice in writing to the Executive that the Term shall not be further extended. Each such extension
shall be referred to as a Renewal Term.

 

    	 

     

    

 

3.
Compensation and Related Matters.

 

(a)
Base Salary. The Executive’s initial annual base salary shall be $385,000.00 subject to applicable withholdings (the “Base
Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll procedures in effect from
time to time.

 

(b)
Annual Bonus. During the Term, the Executive will receive an annual cash target bonus of 25% of Base Salary and the value of the
annual award of shares of Company Common Stock, as of the date of the grant, will be equal to 25% of the Base Salary as determined by
the closing price of the common stock on the Nasdaq Capital Market or such other national securities exchange in the United States upon
which the common stock is then listed (the “Principal Market”) on the date of grant (which shares of common stock shall vest
ratably at the end of each of the six calendar quarters subsequent to the calendar quarter in which the grant is made). Any award of
common stock pursuant to this Agreement shall be subject to the Company’s receipt of all corporate approvals required by applicable
law or the rules and regulation of the Principal Market and the terms of a Restricted Stock Award Agreement between Executive and Company
to be agreed upon following the execution of this Agreement and prior to the issuance of any common stock award to the Executive (each,
an “Award Agreement”).

 

(c)
Options. The Executive will be granted 800,000 options which shall be fully vested upon the execution of the Agreement with a
strike price of $8.32.

 

(d)
Long Term Incentive Plan. The Executive shall be entitled to participate in all bonus plans, policies, practices, policies and
programs adopted by the Company and applicable generally to senior executives and employees of the Company. At Executive’s request,
the Company shall, at the Company’s expense, set up a retirement plan for executives and senior officers of the Company.

 

(e)
Business Expenses. The Company shall promptly reimburse the executive for all reasonable business-related expenses incurred in
connection with the performance of the Executive’s duties hereunder in accordance with the policies and procedures then in effect
and established by the Company for its senior executive officers. All travel shall be at least at business class and four star hotels.

 

(f)
Insurance. The Company shall provide the Executive with health insurance for the Executive and her dependents up to $3,000 per
month. At a minimum Health will include 100% coverage of medical, dental, vision, and 100% coverage of long-term disability for Executive’s
entire Base Salary and accidental death and/or dismemberment.

 

(g)
Life Insurance. To the extent practicable, the Company shall, during the Term, pay the premiums of a life insurance policy, providing
coverage in the $3,000,000, payable to a beneficiary chosen by the Executive, which insures the life of the Executive. Executive shall
provide all information and cooperation reasonably necessary to obtain such life insurance policy.

 

(h)
Automobile Allowance. During the Term, Executive shall receive a monthly automobile allowance of $800.00 per month for automobile-related
expenses.

 

    	2

     

    

 

(i)
Other Benefits. The Executive shall be entitled to participate in all pension, savings and retirement plans, welfare and insurance
plans, practices, policies, programs and perquisites of employment applicable generally to other senior executives of the Company and
any benefits or covered expenses included in all previous employment agreements between the Company and the Executive. Executive shall
also receive the same compensation as other members of the Company’s Board for her service on the Board. Should the Executive defer
such benefits for one year it shall not be deemed deferred for any other year.

 

(j)
Vacation. The Executive shall be entitled to use 15 paid vacation days in each year. The Executive shall also be entitled to all
paid holidays given by the Company to its executives and employees.

 

(k)
Sick Days. The Executive shall be entitled to 1use paid sick days each year as needed.

 

(l)
Withholding. All amounts payable to the Executive under this Section 3 shall be subject to all required federal, state and local
withholding, payroll and insurance taxes and requirements.

 

4.
Termination. The Executive’s employment may be terminated under the following circumstances:

 

(a)
Death. The Executive’s employment hereunder shall terminate upon her death.

 

(b)
Disability. The Company may terminate the Executive’s employment if the Executive becomes subject to a Disability. For purposes
of this Agreement, “Disability” means the Executive is unable to perform the essential functions of her position as
CEO, with or without a reasonable accommodation, for a period of 120 consecutive days or 180 days during any rolling consecutive 12-month
period. Notice of termination for Disability shall not take effect unless notice of at least 90 days is provided to the Executive. Such
notice may not be given (and the Disability not deemed to have occurred) until the Disability is first confirmed in writing by a medical
professional mutually acceptable to both the Executive and the Compensation Committee.

 

(c)
Termination by Company for Cause. The Company may terminate the Executive’s employment for Cause. For purposes of this Agreement,
“Cause” means the Executive’s: (i) willful misconduct or gross negligence which causes material harm to the
Company; (ii) fraud, embezzlement or willful other material dishonesty with respect to the affairs of the Company or any of its affiliates;
(iii) conviction, plea of nolo contendere, guilty plea, or confession to either a felony or any lesser crime relating to the affairs
of the Company or any of its affiliates or of which fraud, embezzlement, or moral turpitude is a material element; or (iv) a willful
material breach of this Agreement or a willful breach of a fiduciary duty owed to the Company. Provided that any such Cause, except for
Cause pursuant to subsection 4(c)(iii), shall not constitute Cause unless the Company has provided the Executive with (x) written notice
of the acts or omissions giving rise to a termination of her employment for Cause; (y) the opportunity to correct the act or omission
within 30 days after receiving the Company’s notice (the “Cure Period”); and (z) a meaningful opportunity to
be heard before the Board with the Executive’s counsel present at least two business days prior to the Board’s decision to
provide a Termination for Cause notice the Executive.

 

(d)
Termination by the Company without Cause. The Company may not terminate the Executive’s employment during any Term or Renewal
Term without Cause.

 

(e)
Termination by the Executive for Any Reason. The Executive may terminate her employment at any time for any reason.

 

    	3

     

    

 

(f)
Termination by the Executive for Good Reason. The Executive may terminate her employment for Good Reason. For purposes of this
Agreement, “Good Reason” means: (i) a material reduction in the Executive’s Base Salary; (ii) a material diminution
in the Executive’s responsibilities as CEO; (iii) the assignment of duties to the Executive materially inconsistent with her position
as CEO; (iv) the requirement that the Executive relocate her primary place of employment from Executive’s current location (v)
the Company shall have had a Change in Control (as defined below); (vi) Executive receipt of a termination notice from the Company seeking
to terminate the Executive’s employment in violation of Section 4(d); or (vii) the Company’s material breach of this Agreement.
For the purposes of this Agreement a “Change in Control” shall mean any of the following to occur: (1) an acquisition
after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the
Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of Company, by contract or otherwise)
in excess of 15% of the voting securities of Company, (2) Company merges into or consolidates with any other person, or any person merges
into or consolidates with Company and, after giving effect to such transaction, the stockholders of Company immediately prior to such
transaction own less than 50% of the aggregate voting power of Company or the successor entity of such transaction, (3) if the Executive
ceases or be a director of the Company for any reason except a voluntary resignation by the Executive, (4) Company sells or transfers
all or substantially all of its assets to a non-affiliated person or entity (5) During the term
of this Agreement, individuals who at the time of the signing of this Agreement, who constitute the Board, cease for any reason to constitute
a majority of the Board, (6) replacement at one time or within a five year period of one-half or more of the members of the Board,
(7) An actual or threatened contested proxy ) including but not limited to, the actual
or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than
the Board, (8) a person or group of people acting in concert to acquire, manage, vote or otherwise exercise control over 15% or
more of the outstanding common stock of the Company, (9) the Company not nominating the Executive for reelection as a director, or (10)
the execution by Company of an agreement to which Company is a party or by which it is bound, providing for any of the events set forth
in clauses (1) through (9) above. A Change in Control shall be deemed to have occurred after any action taken in furtherance of such
event or if the Change in Control occurs as a result of a change in circumstances without any specific action taken.

 

(g)
Expiration. Executive’s employment shall terminate on the final day of the Term if there is no election to renew the Term
or renew the Renewal Term.

 

(h)
Termination Date. The “Termination Date” means: (i) if the Executive’s employment is terminated by her
death under Section 4(a), the date of her death; (ii) if the Executive’s employment is terminated on account of her Disability
under Section 4(b), the date on which the Company provides the Executive a written termination notice; (iii) if the Company terminates
the Executive’s employment for Cause under Section 4(c), 10 business days after which the Company provides the Executive a written
termination following the end of any Cure Period; (iv) if, despite the restriction against doing so under Section 4(d), the Company terminates
the Executive’s employment without Cause, 30 days after the date on which the Company provides the Executive a written termination
notice; (v) if the Executive terminates or resigns her employment without Good Reason under Section 4(e), immediately upon notice to
the Company from the Executive, or such later date as set forth in the notice, regardless of any termination notice given at any time
by the Company to the Executive; (vi) if the Executive terminates or resigns her employment with Good Reason under Section 4(f), the
date on which the Executive provides the Company a written termination notice regardless of any termination notice given at any time
by the Company to the Executive, except the Termination Date shall be the last day of any relevant Cure Period, if applicable. Provided
further, the Executive must terminate within one (1) year of the event, act, or omission giving rise to such termination with each such
event, act, or omission having its own one-year time period; and (vii) the last day of the Term, if the Executive’s employment
terminates under Section 4(g). If an occurrence of any event or any change in circumstances
described in Section 4(f) occurs at any time prior to the Termination Date, the Executive may exercise her rights under Section
4(f) regardless of any exercise by the Company of its rights under this Agreement or any other agreement, whether any such exercise by
the Company of any of its rights occurs before or after Executive’s exercise of her rights under Section 4(f).

 

    	4

     

    

 

5.
Compensation upon Termination.

 

(a)
Severance. If the Executive’s employment with the Company is terminated for any reason, the Company shall pay or provide
to the Executive the following amounts through the Termination Date: any earned but unpaid Base Salary, unpaid expense and benefits reimbursements,
any earned but unpaid Annual Bonus, any accrued and unused vacation days (the “Accrued Obligations”) on or before
the time required by law but in no event more than 30 days after the Executive’s Termination Date. Additionally, unless the Executive
is terminated under Section 4(c), the Company shall also provide one year’s COBRA and two year’s salary.

 

(b)
No Mitigation or Offset. In the event of any termination of Executive’s employment hereunder, Executive shall be under no
obligation to seek other employment or otherwise mitigate the obligations of the Company under this Agreement, and there shall be no
offset against any amounts due under this Agreement on account of any remuneration attributable to any subsequent employment that Executive
may obtain.

 

(c)
Effect of Termination as Officer on Board Position. Any termination of the Executive with respect to the Executive’s standing
as an executive officer must expressly designate which such role is subject to termination. The termination of the Executive as an Officer
will not thereby terminate the Executive’s Board status.

 

(d)
Death; Disability. If the Executive’s employment terminates because of her death as provided in section 4(a) or because
of Disability as provided in Section 4(b), then the Executive (or her authorized representative or beneficiary) shall be entitled to
the following:

 

(i)
the Accrued obligations earned through the applicable Termination Date (payable on or before the time required by law but in no event
more than30 days after the applicable Termination Date);

 

(ii)
a pro-rata of the Executive’s Annual Bonus, if any, for the fiscal year in which the Executive’s termination occurs (determined
by multiplying the amount of such bonus which would be due for the full fiscal year by a fraction, the numerator of which is the number
of days during the fiscal year of termination that the Executive is employed by the Company and the denominator of which is 365) payable
at the same time bonuses for such year are paid to other senior executives of the Company;

 

(iii)
vest the Executive on the applicable Termination Date for any and all previously granted outstanding equity-incentive awards subject
to time-based vesting criteria as if the Executive continued to provide services to the Company for 12 months following the applicable
Termination Date;

 

    	5

     

    

 

(iv)
Subject to the Executive’s or, in the event of her death, her eligible dependents’ timely election of continuation of coverage
under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall reimburse the Executive
dependents’ participation in the Company’s group health plan (to the extent permitted under applicable law and the terms
of such plan) which covers the Executive (and the Executive’s eligible dependents) for a period of eighteen (18) months, provided
that the Executive is eligible and remains eligible for COBRA coverage; and provided, further, that in the event that the Executive obtains
other employment that offers group health benefits, such continuation of coverage by the Company shall immediately cease. If the reimbursement
of any COBRA premiums would violate the nondiscrimination rules or cause the reimbursement of claims to be taxable under the Patient
Protection and Affordable Care Act of 2010, together with the Health Care and Education Reconciliation Act of 2010 (collectively, the
“Act”) or Section 105(h) of the Internal Revenue Code (the “Code”), the Company paid premiums shall be treated
as taxable payments and be subject to imputed income tax treatment to the extent necessary to eliminate any discriminatory treatment
or taxation under the Act or Section 105(h) of the Code; and

 

(v)
In the case of a termination due to Disability, in addition to the aforementioned awards, continuation of Base Salary in effect on Termination
Date until the earlier of (A) the 12 month anniversary of the Termination Date, and (B) the date Executive is eligible to commence receiving
payments under the Company’s long-term disability policy. If the net compensation from the Base Salary is greater than the net
compensation from the long-term disability policy, the Company, through the 12 month anniversary of the Termination Date will compensate
the Executive the difference in net compensation.

 

6.
Section 409A Compliance.

 

(a)
All in-kind benefits provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred
by the Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively practicable,
but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year in which the expense
was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind
benefits to be provided or the expenses eligible for reimbursement in any other taxable year. Such right to reimbursement or in-kind
benefits is not subject to liquidation or exchange for another benefit.

 

(b)
To the extent that any of the payments or benefits provided for in Section 5(b), (c) or (d) are deemed to constitute non-qualified deferred
compensation benefits subject to Section 409A of the United States Internal Revenue Code (the “Code”), the following
interpretations apply to Section 5:

 

(i)
Any termination of the Executive’s employment triggering payment of benefits under Section 5(b), (c) or (d) must constitute a “separation
from service” under Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) before distribution of such benefits
can commence. To the extent that the termination of the Executive’s employment does not constitute a separation of service under
Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. §1.409A-1(h) (as the result of further services that are reasonably anticipated
to be provided by the Executive to the Company or any of its parents, subsidiaries or affiliates at the time the Executive’s employment
terminates), any benefits payable under Section 5(b), (c) or (d) that constitute deferred compensation under Section 409A of the Code
shall be delayed until after the date of a subsequent event constituting a separation of service under Section 409A(a)(2)(A)(i) of the
Code and Treas. Reg. §1.409A-1(h). For purposes of clarification, this Section 6(b)(i) shall not cause any forfeiture of benefits
on the Executive’s part, but shall only act as a delay until such time as a “separation from service” occurs.

 

(ii)
If the Executive is a “specified employee” (as that term is used in Section 409A of the Code and regulations and other guidance
issued thereunder) on the date her separation from service becomes effective, any benefits payable under Section 5(b), (c) or (d) that
constitute non-qualified deferred compensation under Section 409A of the Code shall be delayed until the earlier of (A) the business
day following the six-month anniversary of the date her separation from service becomes effective, and (B) the date of the Executive’s
death, but only to the extent necessary to avoid such penalties under Section 409A of the Code. On the earlier of (A) the business day
following the six-month anniversary of the date her separation from service becomes effective, and (B) the Executive’s death, the
Company shall pay the Executive in a lump sum the aggregate value of the non-qualified deferred compensation that the Company otherwise
would have paid the Executive prior to that date under Section 5(b), (c) or (d) of this Agreement.

 

    	6

     

    

 

(iii)
It is intended that each installment of the payments and benefits provided under Section 5(b), (c) or (d) of this Agreement shall be
treated as a separate “payment” for purposes of Section 409A of the Code.

 

(iv)
Neither the Company nor the Executive shall have the right to accelerate or defer the delivery of any such payments or benefits except
to the extent specifically permitted or required by Section 409A of the Code.

 

7.
Excess Parachute Payments.

 

(a)
To the extent that any payment, benefit or distribution of any type to or for the benefit of the Executive by the Company or any of its
affiliates, whether paid or payable, provided or to be provided, or distributed or distributable pursuant to the terms of this Agreement
or otherwise (including, without limitation, any accelerated vesting of stock options or other equity-based awards) (collectively, the
“Total Payments”) would be subject to the excise tax imposed under Section 4999 of the Internal Revenue Code of 1986,
as amended (the “Code”), then the Total Payments shall be reduced (but not below zero) so that the maximum amount
of the Total Payments (after reduction) shall be one dollar ($1.00) less than the amount which would cause the Total Payments to be subject
to the excise tax imposed by Section 4999 of the Code, but only if the Total Payments so reduced result in the Executive receiving a
net after tax amount that exceeds the net after tax amount the Executive would receive if the Total Payments were not reduced and were
instead subject to the excise tax imposed on excess parachute payments by Section 4999 of the Code. Unless the Executive shall have given
prior written notice to the Company to effectuate a reduction in the Total Payments if such a reduction is required, any such notice
consistent with the requirements of Section 409A of the Code to avoid the imputation of any tax, penalty or interest thereunder, the
Company shall reduce or eliminate the Total Payments by first reducing or eliminating any cash severance benefits (with the payments
to be made furthest in the future being reduced first), then by reducing or eliminating any accelerated vesting of stock options or similar
awards, then by reducing or eliminating any accelerated vesting of restricted stock or similar awards, then by reducing or eliminating
any other remaining Total Payments. The preceding provisions of this Section 7(a) shall take precedence over the provisions of any other
plan, arrangement or agreement governing the Executive’s rights and entitlements to any benefits or compensation.

 

(b)
If the Total Payments to the Executive are reduced in accordance with Section 7(a), as a result of the uncertainty in the application
of Section 4999 of the Code at the time of the initial reduction under Section 7(a), it is possible that Total Payments to the Executive
which will not have been made by the Company should have been made (“Underpayment”) or that Total Payments to the
Executive which were made should not have been made (“Overpayment”). If an Underpayment has occurred, the amount of
any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. In the event of an Overpayment, then
the Executive shall promptly repay to the Company the amount of any such Overpayment together with interest on such amount (at the same
rate as is applied to determine the present value of payments under Section 280G of the Code or any successor thereto), from the date
the reimbursable payment was received by the Executive to the date the same is repaid to the Company.

 

    	7

     

    

 

8.
Confidentiality and Restrictive Covenants.

 

(a)
Covenant Against Disclosure. All Confidential Information (defined below) relating to the Business of the Company and its affiliates
is, shall be and shall remain the sole property and confidential business information of them, free of any rights of the Executive. The
Executive shall not make any use of the Confidential Information except in the performance of her duties hereunder and, except as he
reasonably believes is necessary or appropriate with respect to the performance of her duties, shall not disclose any Confidential Information
to third parties, without the prior written consent of the Company. “Confidential Information” includes without limitation
such documents as business plans, source code, documentation, financial analysis, marketing plans, customer names, customer lists, customer
data, contracts and other business information, including the information of the Company and its affiliates, existing or prospective
customers, clients, investors or other third parties with whom the Company and its affiliates hereto have relationships or conduct business
that may be disclosed to the Executive as part of the Executive’s employment. Notwithstanding anything else set forth herein, nothing
in this Agreement shall be construed to prohibit Executive from reporting, without first notifying the Company or otherwise, possible
violations of law or regulation to any governmental agency or entity.

 

(b)
Return of Company Documents. On the Termination Date or on any prior date upon the Company’s written demand, the Executive
will return all Confidential Information in her possession, directly or indirectly, that is in written or other tangible form (together
with all duplicates thereof).

 

(c)
Further Covenants. During the Term and through the first anniversary of the Termination Date, the Executive shall not, directly
or indirectly, take any of the following actions, and, to the extent the Executive owns, manages, operates, controls, is employed by
or participates in the ownership, management, operation or control of, or is connected in any manner with, any business, the Executive
will use her best efforts to ensure that such business does not take any of the following actions:

 

(i)
persuade or attempt to persuade any customer of the Company or its affiliates to cease doing business with the Company or its affiliates,
or to reduce the amount of business any customer does with the Company or its affiliates;

 

(ii)
solicit for himself or any entity the business of a person or entity that was a customer of the Company or its affiliates within the
12 months prior to the termination of the Executive’s employment, in competition with the Company or its affiliates; or

 

(iii)
persuade or attempt to persuade any employee of the Company or its affiliates to leave the employ of the Company or its affiliates, or
hire or engage, directly or indirectly, any individual who was an employee of the Company or its affiliates within 1 year prior to the
Executive’s Termination Date, unless such employee was terminated by the Company. It shall not be a breach of this provision if
the Executive hires one non-executive level employee of the Company within 1 year of the Termination Date.

 

9.
D&O Insurance. At the request of the Executive, the Company obtain and continue for as long as Executive is employed by the
Company, Directors and Officers insurance coverage (“D & O Insurance”), at levels no less than $5,000,000 with an insurance
company rated “A” or higher. In the event that Company elects to change coverage or carriers for its D & O Insurance,
Company shall notify Executive of such change and purchase, at a minimum, a three-year tail policy for such former insurance policy at
the sole expense of Company and deliver evidence of such tail policy to Executive within, five (5) days after termination of Company’s
existing D & O Insurance. Upon the termination of the Executive’s employment the Company shall purchase, at a minimum, a three-year
tail policy at the sole expense of Company and deliver evidence of such tail policy to Executive.

 

    	8

     

    

 

10.
No Disparagement. During the Term and through the second anniversary of the Termination Date, the Executive will not make public
statements or communications that disparage the Company or any of its businesses, services, products, affiliates or current, former or
future directors and executive officers in their capacity as such. During the Term and through the second anniversary of the Termination
Date, the Company will instruct its directors and executives not to make public statements or communications that disparage the Executive.
The foregoing obligations shall not be violated by truthful statements to any governmental agency or entity, required governmental testimony
or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings).

 

11.
Non-Compete. During the term of this Agreement and for three year after the termination of this Agreement the Executive shall
not, except as a passive investor holding 5% or less of the equity securities of a publicly traded company, have an equity, management,
employment, consulting relationship with any person or entity that directly competes with the Company. In addition to the limitations
contained in the preceding sentence, during the term of this Agreement and for one year after the termination of this Agreement, Employee
will not engage in any form of commercial enterprise with any of the Company’s customers or potential customers the Company is
currently in discussions with, other than for the retail purchase of food as a normal consumer. If any of the covenants contained in
this section or any part thereof, are held by a court of competent jurisdiction to be unenforceable because of the duration or geographic
scope of such provision, the activity limited by or the subject of such provision and/or the geographic area covered thereby, then the
court making such determination shall construe such restriction so as to thereafter be limited or reduced to be enforceable to the greatest
extent permissible by applicable law.

 

12.
Indemnification. During the Term and thereafter, the Company shall indemnify and hold the Executive and the Executive’s
heirs and representatives harmless, to the maximum extent permitted by law, against any and all damages, costs, liabilities, losses and
expenses (including reasonable attorneys’ fees) as a result of any claim or proceeding (whether civil, criminal, administrative
or investigative), or any threatened claim or proceeding (whether civil, criminal, administrative or investigative), against the Executive
that arises out of or relates to the Executive’s service as an officer, director or employee, as the case may be, of the Company,
or the Executive’s service in any such capacity or similar capacity with any affiliate of the Company or other entity at the Company’s
request, both prior to and after the Effective Date, and to promptly advance to the Executive or the Executive’s heirs or representatives
such expenses, including litigation costs and attorneys’ fees, upon written request with appropriate documentation of such expense
and the Company shall also indemnify Executive for any claims related to this Agreement. During the Term and thereafter, the Company
also shall provide the Executive with coverage under its then current directors’ and officers’ liability policy to the same
extent that it provides such coverage to its other executive officers. If the Executive has any knowledge of any actual or threatened
action, suit or proceeding, whether civil, criminal, administrative or investigative, as to which the Executive may request indemnity
under this provision, the Executive will give the Company prompt written notice thereof; provided that the failure to give such notice
shall not affect the Executive’s right to indemnification. The Company shall be entitled to assume the defense of any such proceeding
and the Executive will use reasonable efforts to cooperate with such defense. To the extent that the Executive in good faith determines
that there is an actual or potential conflict of interest between the Company and the Executive in connection with the defense of a proceeding,
the Executive shall so notify the Company and shall be entitled to separate representation at the Company’s expense by counsel
selected by the Executive which counsel shall cooperate, and coordinate the defense, with the Company’s counsel and minimize the
expense of such separate representation to the extent consistent with the Executive’s separate defense. This Section 14 shall continue
in effect after the termination of the Executive’s employment or the termination of this Agreement.

 

    	9

     

    

 

13.
Disputes.

 

(a)
Any dispute or controversy arising out of or relating to this Agreement or Executive’s employment shall be brought solely in the
state and federal courts located in the State and County of New York. Provided however, the Executive shall have the right to submit
any such dispute to binding arbitration to by AAA or JAMS to take place in New York NY with all such costs to be paid by the Company.

 

(b)
BOTH THE COMPANY AND THE EXECUTIVE HEREBY WAIVE ANY RIGHT TO A TRIAL BY JURY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE FEDERAL OR
STATE LAW.

 

(c)
The Company shall pay all of Executive’s legal expenses with respect to any such dispute regardless of who initiates the suit or
any claims being made regarding the conduct of the Executive. Such payments shall be made on a monthly basis and shall be billed directly
to the Company and will be considered an obligation of the Company. The Executive shall be entitled to seek preliminary injunctive relief
from a Court or Arbitrator as appropriate to ensure such payments are made.

 

14.
Integration. This Agreement, together will all other documents or agreement referenced herein, constitutes the entire agreement
between the parties with respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such
subject matter.

 

15.
Successors. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal representatives,
executors, administrators, heirs, distributees, devisees and legatees. In the event of the Executive’s death after her termination
of employment but prior to the completion by the Company of all payments due him under this Agreement, the Company shall continue such
payments to the Executive’s beneficiary designated in writing to the Company prior to her death (or to her estate, if the Executive
fails to make such designation). The Company shall require any successor to the Company to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken
place.

 

16.
Enforceability. If any portion or provision of this Agreement (including, without limitation, any portion or provision of any
section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder
of this Agreement, or the application of such portion or provision in circumstances other than those as to which it is so declared illegal
or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the
fullest extent permitted by law. The Company and Executive agree that this agreement is subject to review by tax counsel and in the event
any provision of this Agreement would result in severe negative tax treatment for the Executive or the Company such provision will be
deleted, and the Company and Executive shall negotiate in good faith to amend this Agreement to provide the Executive with a similar
benefit without the negative tax treatment. Any ambiguity in any provision in this Agreement or in any other agreement between the Executive
and the Company will be construed in a manner most beneficial to the Executive. The limitations and restrictions contained in Sections
8(c), and 13 shall not apply if the agreement is terminated by the Executive for Good Reason or by the Company without Cause.

 

17.
Survival. The provisions of this Agreement shall survive the termination of this Agreement and/or the termination of the Executive’s
employment to the extent necessary to effectuate the terms contained herein.

 

18.
Waiver. No waiver of any provision hereof shall be effective unless made in writing and signed by the waiving party. The failure
of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this
Agreement, shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach.

 

    	10

     

    

 

19.
Notices. Any notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing
and delivered in person or sent by a nationally recognized overnight courier service or by registered or certified mail, postage prepaid,
return receipt requested, to the Executive at the last address the Executive has filed in writing with the Company or, in the case of
the Company, at its main offices.

 

	If
    to Executive: 	 
	 	 
	If
    to Company:	Vinco
    Ventures, Inc.
	 	1
    West Broad Street Suite 1004
	 	Bethlehem,
    PA 18018

 

20.
Amendment. This Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized
representative of the Company.

 

21.
Governing Law. This is a New York contract and shall be construed under and be governed in all respects by the laws of New York
for contracts to be performed in that State and without giving effect to the conflict of laws principles of New York or any other State.

 

22.
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall
be taken to be an original; but such counterparts shall together constitute one and the same document.

 

[REMAINDER
OF THIS PAGE LEFT INTENTIONALLY BLANK]

 

    	11

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement effective on the date and year first above written.

 

	 	Vinco
    Ventures, Inc.
	 	 
	 	By:	
	 	Name:	
	 	Title:	 CEO
	 	 	 
	 	Lisa
    A. King
	 	 	 
	 	 	 

 

    	12

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