Document:

Exhibit
10.83

 

MAVEN
COALITION, INC.

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (this “Agreement”) is made as of September 1, 2018 by and between Maven Coalition, Inc.
(“Company”), a Nevada corporation and subsidiary of theMaven, Inc. (“Parent”) and William C. “Bill”
Sornsin, Jr. (“Consultant”).

 

1.
Consulting Relationship. During the term of this Agreement, Consultant will provide consulting services to the Company
as described on Exhibit A hereto (the “Services”). Consultant represents that Consultant is duly licensed
(as applicable) and has the qualifications, the experience and the ability to properly perform the Services. Consultant shall
use Consultant’s best efforts to perform the Services such that the results are satisfactory to the Company.

 

2.
Fees. As consideration for the Services to be provided by Consultant and other obligations, the Company shall pay
to Consultant the amounts specified in Exhibit B hereto at the times specified therein.

 

3.
Expenses. Parking and business cell phone use shall be reimbursed, consistent with Company policy. Consultant shall
not otherwise be authorized to incur on behalf of the Company any expenses and will be responsible for all expenses incurred while
performing the Services unless otherwise agreed to by the Company’s Chief Operating Officer (“COO”) or Chief
Executive Officer (“CEO”), which consent shall be evidenced in writing for any expenses in excess of $150.
As a condition to receipt of reimbursement, Consultant shall be required to submit to the Company reasonable evidence that the
amount involved was both reasonable and necessary to the Services provided under this Agreement.

 

4.
Term and Termination. Consultant shall serve as a consultant to the Company for a period commencing on September
1, 2018 and terminating on September 30, 2019 (the “Term”).

 

Notwithstanding
the above, either party may terminate this Agreement at any time upon ten business days’ written notice. In the event of
such termination, Consultant shall be paid for any portion of the Services that have been performed prior to the termination,
as governed by Exhibit B “Compensation”.

 

Should
either party default in the performance of this Agreement or materially breach any of its obligations under this Agreement, including
but not limited to Consultant’s obligations under the Confidential Information and Invention Assignment Agreement between
the Company and Consultant referenced below (the “Confidentiality Agreement”), the non-breaching party may
terminate this Agreement immediately if the breaching party fails to cure the breach within five business days after having received
written notice by the non-breaching party of the breach or default.

 

5.
Independent Contractor. Consultant’s relationship with the Company will be that of an independent contractor
and not that of an employee.

 

    	 	 	 

     

    

 

6.
Method of Provision of Services. Consultant shall be solely responsible for determining the method, details and
means of performing the Services. Consultant may, at Consultant’s own expense, employ or engage the services of such employees,
subcontractors, partners or agents, as Consultant deems necessary to perform the Services (collectively, the “Assistants”).
The Assistants are not and shall not be employees of the Company, and Consultant shall be wholly responsible for the professional
performance of the Services by the Assistants such that the results are satisfactory to the Company. Consultant shall expressly
advise the Assistants of the terms of this Agreement, and shall require each Assistant to execute and deliver to the Company a
Confidential Information and Invention Assignment Agreement satisfactory to the Company.

 

(a)
No Authority to Bind Company. Consultant acknowledges and agrees that Consultant and its Assistants have no authority
to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization
of the Company.

 

(b)
No Benefits. Consultant acknowledges and agrees that Consultant and its Assistants shall not be eligible for any
Company employee benefits and, to the extent Consultant otherwise would be eligible for any Company employee benefits but for
the express terms of this Agreement, Consultant (on behalf of itself and its employees) hereby expressly declines to participate
in such Company employee benefits.

 

(c)
Withholding; Indemnification. Consultant shall have full responsibility for applicable withholding taxes for all
compensation paid to Consultant or its Assistants under this Agreement, and for compliance with all applicable labor and employment
requirements with respect to Consultant’s self-employment, sole proprietorship or other form of business organization, and
with respect to the Assistants, including state worker’s compensation insurance coverage requirements and any U.S. immigration
visa requirements. Consultant agrees to indemnify, defend and hold the Company harmless from any liability for, or assessment
of, any claims or penalties with respect to Consultant failure to pay self-employment and related taxes on income received.

 

7.
Supervision of Consultant’s Services. All of the services to be performed by Consultant, including but not
limited to the Services, will be as agreed between Consultant and the Company’s COO or CEO. Consultant will be required
to report to the COO concerning the Services performed under this Agreement. The nature and frequency of these reports will be
left to the discretion of the COO.

 

8.
Consulting or Other Services for Competitors. Consultant represents and warrants that Consultant does not presently
perform or intend to perform, during the term of the Agreement, consulting or other services for, or engage in or intend to engage
in an employment relationship with, companies whose businesses or proposed businesses in any way involve products or services
which would be competitive with the Company’s products or services, or those products or services proposed or in development
by the Company during the term of the Agreement. If, however, Consultant decides to do so, Consultant agrees that, in advance
of accepting such work, Consultant will promptly notify the Company in writing, specifying the organization with which Consultant
proposes to consult, provide services, or become employed by and to provide information sufficient to allow the Company to determine
if such work would conflict with the terms of this Agreement, including the terms of the Confidentiality Agreement, the interests
of the Company or further services which the Company might request of Consultant. If the Company determines that such work conflicts
with the terms of this Agreement, the Company reserves the right to terminate this Agreement immediately. In no event shall any
of the Services be performed for the Company at the facilities of a third party or using the resources of a third party.

 

    	 	-2-	 

     

    

 

9.
Confidential Information and Invention Assignment Agreement. The Confidential Information and Invention Assignment
Agreement dated as of July 22, 2016 between Consultant and the Company shall remain in full force and effect as if the provision
of services hereunder were employment.

 

10.
Conflicts with this Agreement. Consultant represents and warrants that neither Consultant nor any of the Assistants
is under any pre-existing obligation in conflict or in any way inconsistent with the provisions of this Agreement. Consultant
represents and warrants that Consultant’s performance of all the terms of this Agreement will not breach any agreement to
keep in confidence proprietary information acquired by Consultant in confidence or in trust prior to commencement of this Agreement.
Consultant warrants that Consultant has the right to disclose and/or or use all ideas, processes, techniques and other information,
if any, which Consultant has gained from third parties, and which Consultant discloses to the Company or uses in the course of
performance of this Agreement, without liability to such third parties. Notwithstanding the foregoing, Consultant agrees that
Consultant shall not bundle with or incorporate into any deliveries provided to the Company herewith any third party products,
ideas, processes, or other techniques, without the express, written prior approval of the Company. Consultant represents and warrants
that Consultant has not granted and will not grant any rights or licenses to any intellectual property or technology that would
conflict with Consultant’s obligations under this Agreement. Consultant will not knowingly infringe upon any copyright,
patent, trade secret or other property right of any former client, employer or third party in the performance of the Services.

 

11.
Miscellaneous.

 

(a)
Governing Law. The validity, interpretation, construction and performance of this Agreement, and all acts and transactions
pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance
with the laws of the state of Washington, without giving effect to principles of conflicts of law.

 

(b)
Entire Agreement. This Agreement sets forth the entire agreement and understanding of the parties relating to the
subject matter herein and supersedes all prior or contemporaneous discussions, understandings and agreements, whether oral or
written, between them relating to the subject matter hereof.

 

(c)
Amendments and Waivers. No modification of or amendment to this Agreement, nor any waiver of any rights under this
Agreement, shall be effective unless in writing signed by the parties to this Agreement. No delay or failure to require performance
of any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance.

 

    	 	-3-	 

     

    

 

(d)
Successors and Assigns. Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations
of the parties hereunder, will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors,
administrators and legal representatives. The Company may assign any of its rights and obligations under this Agreement. No other
party to this Agreement may assign, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement,
except with the prior written consent of the Company.

 

(e)
Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing
and shall be deemed sufficient when delivered personally or by overnight courier or sent by email, or 48 hours after being deposited
in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s
address as set forth on the signature page, as subsequently modified by written notice, or if no address is specified on the signature
page, at the most recent address set forth in the Company’s books and records.

 

(f)
Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the
parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and
enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable
in accordance with its terms.

 

(g)
Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties
hereto and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties
hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto.

 

(h)
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed an original, and all of which together shall constitute one and the same agreement. Execution of a facsimile copy
will have the same force and effect as execution of an original, and a facsimile signature will be deemed an original and valid
signature.

 

(i)
Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to this Agreement
or any notices required by applicable law or the Company’s Certificate of Incorporation or Bylaws by email or any other
electronic means. Consultant hereby consents to (i) conduct business electronically (ii) receive such documents and notices by
such electronic delivery and (iii) sign documents electronically and agrees to participate through an on-line or electronic system
established and maintained by the Company or a third party designated by the Company.

 

The
parties have executed this Agreement as of the date first written above.

 

    	 	-4-	 

     

    

 

	 	THE
COMPANY:

	 	 
	 	MAVEN
    COALITION, INC.
	 	 	 
	 	By:
    	/s/ Paul
    Edmondson 
	 	 	(Signature)
	 	 	 
	 	Name:
    	Paul
    Edmondson 
	 	Title:
    	COO

 

	 	CONSULTANT:
	 	 
	 	BILL
    SORNSIN
	 	 
	 	/s/
    William Sornsin
	 	(Signature)
	 	 
	 	Address:
	 	5465
    43rd Ave W, Seattle, WA 98199
	 	 
	 	Email:
    billso@gnventures.net
	 	 
	 	Phone:
    206.390.5428

 

    	 	-5-	 

     

    

 

EXHIBIT
A

 

DESCRIPTION
OF CONSULTING SERVICES

 

	The
    Company Manager supervising this work is: Paul Edmondson, COO
	 
	Role:
    Network development, product management, executive consulting
	 
	Consultant
    agrees to provide these services:
	 	 	 
	 	Primary:
	 	 	 
	 	●	Develop
    a network of state-by-state political sites for Maven, partnering with existing high-traffic team sports sites. Work with
    Network Development team to assist signing sites; with PubSupport team to assist launching sites; and with product team to
    define & develop community, social & engagement features needed for success
	 	 	 
	 	Secondary:
	 	 	 
	 	●	Support
    transition of COO duties to Paul Edmondson
	 	 	 
	 	●	Assist
    with Windows and Office support as requested
	 	 	 
	 	●	Assist
    Publisher Development team in presenting “Partner Review” calls to prospects
	 	 	 
	 	●	Assist
    Publisher Support team in presenting “Maven Playbook” training calls

 

    	 	 	 

     

    

 

EXHIBIT
B

 

COMPENSATION

 

The
Company shall pay Consultant a monthly base fee of $2,500 in September and October 2018 and $5,000 each month thereafter, plus
monthly Incentive Payments for each Target Site (“target”) signed & launched on the Maven network, per the following
chart:

 

	Team	 	State	 	Site	 	Incentive %	 	 	Monthly Payout	 
	Texas A&M	 	Texas	 	TexAgs.com	 	10.0	%	 	$	2,000	 
	USC	 	California	 	USCFootball.com	 	5.0	%	 	 	1,000	 
	Texas	 	Texas	 	OrangeBloods.com	 	5.0	%	 	 	1,000	 
	North Carolina	 	North Carolina	 	InsideCarolina.com	 	4.5	%	 	 	900	 
	Florida	 	Florida	 	GatorCountry.com	 	4.0	%	 	 	800	 
	Michigan	 	Michigan	 	MGoBlog.com	 	3.0	%	 	 	600	 
	NC State	 	North Carolina	 	PackPride.com	 	3.0	%	 	 	600	 
	Oklahoma	 	Oklahoma	 	OUInsider.com	 	3.0	%	 	 	600	 
	Penn State	 	Pennsylvania	 	Lions247.com	 	3.0	%	 	 	600	 
	Alabama	 	Alabama	 	BamaOnline.com	 	2.0	%	 	 	400	 
	Auburn	 	Alabama	 	AUTigers.com	 	2.0	%	 	 	400	 
	Stanford	 	California	 	TheBootleg.com	 	2.0	%	 	 	400	 
	UCLA	 	California	 	BruinReportOnline.com	 	2.0	%	 	 	400	 
	Illinois	 	Illinois	 	IlliniInquirer.com	 	2.0	%	 	 	400	 
	Iowa	 	Iowa	 	HawkeyeReport.com	 	2.0	%	 	 	400	 
	Kansas	 	Kansas	 	Phog.net	 	2.0	%	 	 	400	 
	Maryland	 	Maryland	 	InsideMDSports.com	 	2.0	%	 	 	400	 
	Duke	 	North Carolina	 	TheDevilsDen.com	 	2.0	%	 	 	400	 
	Cle Browns	 	Ohio	 	https://247sports.com/nfl/	 	2.0	%	 	 	400	 
	Ohio State	 	Ohio	 	BuckNuts.com	 	2.0	%	 	 	400	 
	Ohio State	 	Ohio	 	http://theozone.net	 	2.0	%	 	 	400	 
	West Virginia	 	West Virginia	 	EerSports.com	 	2.0	%	 	 	400	 
	Florida State	 	Florida	 	WarChant.com	 	1.5	%	 	 	300	 
	Auburn	 	Alabama	 	AuburnSports.com	 	1.0	%	 	 	200	 
	Fresno State	 	California	 	BarkBoard.com	 	1.0	%	 	 	200	 
	Miami	 	Florida	 	CaneSport.com	 	1.0	%	 	 	200	 
	Florida	 	Florida	 	GatorsTerritory.com	 	1.0	%	 	 	200	 
	Georgia	 	Georgia	 	UGASports.com	 	1.0	%	 	 	200	 
	Georgia Tech	 	Georgia	 	GoJackets.com	 	1.0	%	 	 	200	 
	Hawaii	 	Hawaii	 	WarriorSportsNetwork.com	 	1.0	%	 	 	200	 
	Indiana	 	Indiana	 	TheHoosier.com	 	1.0	%	 	 	200	 
	Purdue	 	Indiana	 	GoldAndBlack.com	 	1.0	%	 	 	200	 
	Notre Dame	 	Indiana	 	BlueAndGold.com	 	1.0	%	 	 	200	 
	Notre Dame	 	Indiana	 	IrishIllustrated.com	 	1.0	%	 	 	200	 

 

    	 	-2-	 

     

    

 

	Kentucky	 	Kentucky	 	CatsIllustrated.com	 	1.0	%	 	 	200	 
	LSU	 	Louisiana	 	Geaux247.com	 	1.0	%	 	 	200	 
	Michigan	 	Michigan	 	TheWolverine.com	 	1.0	%	 	 	200	 
	Ole Miss	 	Mississippi	 	RebelGrove.com	 	1.0	%	 	 	200	 
	Missouri	 	Missouri	 	PowerMizzou.com	 	1.0	%	 	 	200	 
	Nebraska	 	Nebraska	 	HuskerOnline.com	 	1.0	%	 	 	200	 
	Ohio State	 	Ohio	 	BuckeyeGrove.com	 	1.0	%	 	 	200	 
	Oklahoma State	 	Oklahoma	 	OStateIllustrated.com	 	1.0	%	 	 	200	 
	Oklahoma	 	Oklahoma	 	SoonerScoop.com	 	1.0	%	 	 	200	 
	Penn State	 	Pennsylvania	 	BlueWhiteIllustrated.com	 	1.0	%	 	 	200	 
	Tennessee	 	Tennessee	 	Volquest.com	 	1.0	%	 	 	200	 
	Texas Tech	 	Texas	 	InsideTheRedRaiders.com	 	1.0	%	 	 	200	 
	Washington	 	Washington	 	Dawgman.com	 	1.0	%	 	 	200	 
	West Virginia	 	West Virginia	 	WVSports.com	 	1.0	%	 	 	200	 
	Arizona	 	Arizona	 	WildcatAuthority.com	 	0.5	%	 	 	100	 
	Arizona State	 	Arizona	 	ASUDevils.com	 	0.5	%	 	 	100	 
	Arizona State	 	Arizona	 	SunDevilSource.com	 	0.5	%	 	 	100	 
	Colorado	 	Colorado	 	BuffStampede.com	 	0.5	%	 	 	100	 
	Colorado	 	Colorado	 	CUSportsNation.com	 	0.5	%	 	 	100	 
	Iowa	 	Iowa	 	HawkeyeNation.com	 	0.5	%	 	 	100	 
	Detroit Lions	 	Michigan	 	https://247sports.com/nfl/	 	0.5	%	 	 	100	 
	MN Vikings	 	Minnesota	 	https://247sports.com/nfl/	 	0.5	%	 	 	100	 
	Ole Miss	 	Mississippi	 	OMSpirit.com	 	0.5	%	 	 	100	 
	Mississippi State	 	Mississippi	 	GenesPage.com	 	0.5	%	 	 	100	 
	South Carolina	 	S Carolina	 	GamecockCentral.com	 	0.5	%	 	 	100	 
	Texas Tech	 	Texas	 	RedRaiderSports.com	 	0.5	%	 	 	100	 
	WA State	 	Washington	 	Cougfan.com	 	0.5	%	 	 	100	 
	Wisconsin	 	Wisconsin	 	BadgerBlitz.com	 	0.5	%	 	 	100	 

 

Payments
for each target begin the first calendar month after the month of target’s live, consumer facing launch, and continue monthly
thereafter for duration of this Agreement, unless target launches within first 5 days of a month, in which case first payment
shall be made that same month, for the full monthly amount.

 

Base
payments shall be made on Maven’s normal payroll cycle, currently twice monthly. Incentive payments shall be made within
15 days of month-end. If contract is terminated, final base payment for that month shall be calculated on a pro-rata basis based
on termination date, but Incentive Payments for the month of the termination and the following month shall be made in full.

 

    	 	-3-Exhibit
10.84

 

SEPARATION
& ADVISOR AGREEMENT

 

This
Separation & Advisor Agreement (this “Agreement”) is hereby made and entered into between TheMaven,
Inc., a Delaware corporation (“TheMaven” or “Employer”), and William
Sornsin (“Employee”) to be effective as set forth in Section 9 below. Employer and Employee may
be referred to herein as a “Party” and, together, the “Parties.”

 

WHEREAS,
Employee was employed by Employer pursuant to an Employment Agreement dated January 16, 2020 with Employer (the “Employment
Agreement,” a copy of which is attached to this Agreement) (capitalized terms used but not defined in this Agreement
have the meanings ascribed thereto in the Employment Agreement);

 

WHEREAS,
Employee holds the position of Chief Operating Officer of TheMaven;

 

WHEREAS,
Employee holds certain rights to acquire equity in TheMaven pursuant to TheMaven Inc. 2019 Equity Incentive Plan (“Plan”)
adopted by the Board of Directors on April 4, 2019; the related Option Agreement (Incentive Stock Option or Nonstatutory Stock
Option); and the Stock Option Grant Notice with a date of grant of April 10, 2019;

 

WHEREAS,
Employee holds certain other rights to acquire equity in TheMaven pursuant to his January 2020 employment agreement;

 

WHEREAS,
the Parties have mutually agreed that the date of the Employee’s termination of Employee’s employment will be September
4, 2020 (the “Separation Date”);

 

WHEREAS,
the Parties wish to enter into this Agreement and the Release attached hereto as Exhibit A (the “Release”)
to set forth the terms and conditions of the Parties’ obligations following the Separation Date;

 

WHEREAS,
Employee’s signing this Agreement and signing and not revoking the Release, and complying with the terms of this Agreement
and the Release is a condition to receipt of certain severance payments and benefits under this Agreement.

 

Conditioned
upon Employee’s signing this Agreement and signing and not revoking the Release, and complying with the terms of this Agreement
and the Release

 

NOW
THEREFORE, in consideration of the mutual covenants and mutual benefits contained herein, Employee and Employer agree as follows:

 

1.
Separation Date.

 

a.
Employee’s last day of employment with Employer will be the Separation Date. Employee will be paid, at his regular rate
of pay, through the Separation Date.

 

b.
As of the Separation Date, except as set forth herein, Employee is not to hold himself out as an officer, employee, agent, or
authorized representative, negotiate or enter into any agreements on behalf of, Employer or any of its Affiliates (as defined
below), or otherwise attempt to bind Employer or any of its Affiliates, unless, in each case, consented to in writing to do
so by the Chief Executive Officer of Employer.

 

    	 	 	 

    	 

    

 

c.
Employee agrees that immediately upon the Separation Date and without any further action or notice on his part, Employee will
be considered to have resigned from any and all positions as an officer or similar of Employer and any of its subsidiaries or
Affiliates.

 

d.
For purposes hereof, the term “Affiliate” shall mean any corporation, association, partnership, limited liability
company, or other legal entity or organization that directly, or indirectly through one or more intermediaries, controls, is controlled
by, or is under common control with Employer. As used in this definition, the term “control” means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of any such legal entity,
whether through ownership of voting securities, by contract, or otherwise.

 

2.
Advisor Arrangement.

 

a.
Conditioned upon Employee’s signing this Agreement and signing and not revoking the Release, and complying with the terms
of this Agreement and the Release, Employee shall be given the opportunity to provide consulting services to Employer as an independent
contractor pursuant to a written consulting agreement (the “Advisor Arrangement”). Pursuant to the Advisor
Arrangement, Employee shall provide advisory and consulting services as agreed between Employee and the President of TheMaven.

 

b.
For all Services rendered by Employee pursuant to the Advisor Arrangement, Employee shall receive a consulting fee of $100.00
per hour of consulting services performed (the “Fee”). The Fee shall be paid to Employee as set forth
in the Advisor Arrangement between Employee and Maven Coalition, Inc.

 

c.
For the purposes of vesting in the option grants pursuant to the 2019 Equity Incentive Plan and the Stock Option Grant Notice
referenced above and his January 2020 employment agreement, Employee’s service under this Separation and Advisor Agreement
and the Consulting Agreement shall be deemed uninterrupted Continuous Service under the Plan.

 

3.
Other Severance Benefits.

 

a.
Conditioned upon Employee’s signing this Agreement and signing and not revoking the Release attached as Exhibit A, and complying
with the terms of this Agreement and the Release, commencing on the first regular payroll date that is at least 3 business days
after the Effective Date of this Agreement (as defined in Section 9(b) of the Release), Employee shall receive salary continuation
in the amount $275,000 (less all applicable withholdings and deductions), which is the equivalent of twelve (12) months of Employee’s
Annual Salary as of the Separation Date (“Separation Payment”). The Separation Payment shall be payable in
equal installments as salary continuation as set forth in Section 1.2.a and 1.3.c of the Employment Agreement. Employee acknowledges
and agrees that the Fee and the benefits set forth under this Section 3, along with the vesting features of the Employee’s
equity awards as set forth in Employee’s stock award agreements, shall constitute all of the severance benefits or other
payments that Employee shall be entitled to under the Employment Agreement or otherwise, and Employee will not be eligible for,
nor shall Employee have a right to receive, any other severance benefits or other benefits of any kind.

 

    	 	 	 

    	 

    

 

b.
Options Vesting and Exercise of Options. As of the Effective Date, Employee shall: (i) be vested in a total of 1,799,191
shares of common stock in the Employer (“Vested Common Stock”); and (ii) have the option to purchase up to
an aggregate of 614,366 shares of common stock in the Employer (“Options Grants”) pursuant to the Employer’s
2019 Equity Incentive Plan (the “Plan”); and (iii) be permitted to exercise the Option Grants in accordance
with the terms of the Plan following the termination of the Advisor Arrangement (collectively, the benefits referenced in this
paragraph 3(b) shall be referred to as the “Option Extension”). The exercise of the Options Grants may at Employee’s
discretion, be a “cashless” transaction, where enough shares are sold at the time of the exercise to pay for the remaining
shares and associated taxes, should taxes be due at the time of transaction. Employee acknowledges that other than the Vested
Common Stock and the Options Grants described in this paragraph 3(b), the remainder of Employee’s options in Employer that
cannot vest are unvested and extinguished upon Employee’s termination of employment, and all the Options Grants will be
treated (for tax purposes) as nonqualified stock options.

 

4.
Post-Separation Obligations.

 

a.
Employee further reaffirms and agrees to comply with any and all covenants and agreements regarding non-competition,
non-solicitation, confidential information, intellectual property and assignment of inventions, return of company property to
which Employee’s employment was subject, including without limitation the provisions in Section 1.4 of the Employment
Agreement, including all subsections thereof. Employee agrees and acknowledges that for purposes of Section 1.4 in the
Employment Agreement the restrictive covenants shall last until the date that is twelve (12) months from the Separation Date.
Moreover, Employee reaffirms and agrees to comply with the Confidentiality and Proprietary Rights Agreement with Employer as
referenced in Section 1.4(c).

 

b.
Employee agrees that for a period of two (2) years after the Separation Date, Employee shall not: (i) disparage Employer, any
of Employer’s affiliates (including any present, future or former agent, attorney, employee, officer or director of Employer
or any of Employer’s affiliates) or any of Employer’s investors, channel partners, partners or licensors, including,
for the avoidance of doubt, Authentic Brands Group and Meredith Corporation; (ii) impugn in any manner the name or reputation
of Employer, any of Employer’s affiliates (including any present, future or former agent, attorney, employee, officer or
director of Employer or any of Employer’s affiliates) or any of Employer’s investors, channel partners, partners or
licensors, including, for the avoidance of doubt, Authentic Brands Group and Meredith Corporation; or (iii) speak or write anything
disparaging or critical of the circumstances of the termination of Employee’s employment with Employer. Nothing in this
Section 4(b) shall limit Employee’s rights as a shareholder of the Employer; provided, however, that the Employer shall
remain subject to the Confidentiality Agreement whose terms are incorporated herein.

 

    	 	 	 

    	 

    

 

c.
Employee shall not disclose the terms of this Agreement, the Release or their existence to anyone except federal, state, or local
taxing authorities, Employee’s spouse, legal counsel and financial advisors, provided Employee instructs such persons that
the information Employee has disclosed to them is confidential. Notwithstanding the generality of this paragraph, Employee may
make disclosures that are otherwise prohibited by this Agreement in response to any lawful court order or subpoena, or in connection
with an investigation by a governmental or law enforcement agency.

 

d.
To the extent consistent with law, this Agreement and the Release may be used as evidence only in a subsequent proceeding in which
a Party alleges a breach of this Agreement or the Release, or in which Employer is relying upon this Agreement or the Release
in support of an affirmative defense. This Agreement and the Release shall not be filed with a court or used for any other purpose,
and in such event the party filing or transmitting it shall take all steps necessary to maintain its confidentiality, including
by filing it under seal.

 

5.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington
without regard to its conflict of laws principles to the extent that such principles would require the application of laws other
than the laws of the State of Washington.

 

6.
Employee Acknowledgements.

 

a.
Employee acknowledges that he has read this Agreement, that he has been advised (by this Agreement) to consult with an attorney
before he signs this Agreement, and that he understands all of its terms and signs it voluntarily and with full knowledge of its
significance and the consequences thereof.

 

b.
Employee acknowledges that the Option Extension constitutes substantial consideration because it provides Employee with additional
vested options to which Employee would not otherwise be eligible and an extension to the deadline to exercise those options. Employee
further acknowledges that, in the absence of the Option Extension, Employee would be required to exercise Employee’s vested
options within 30 days of the Separation Date and that the relevant shares will not be available within that time period. The
Option Extension is therefore consideration for release of any claims regarding the status of such shares being still unavailable
over a year past the date of employment.

 

c.
Employee acknowledges that the Option Extension may cause Employee to forfeit incentive stock option status for tax purposes,
but that the value associated with the Option Extension exceeds any potential loss of incentive stock option status.

 

7.
Severability. 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 thereof.

 

8.
Contingent Severance Benefits. Employer’s continuing obligations under this Agreement are contingent upon Employee’s
compliance with all terms and conditions provided for in this Agreement and the Release. In the event that Employee breaches any
of his obligations under this Agreement or the Release, Employee agrees that Employer may cease making any payments due under
this Agreement, and recover all payments already made under this Agreement, in addition to all other available legal remedies.

 

9.
Effective Date. Conditioned on all Parties executing it, this Agreement shall be considered effective as of the Effective
Date, as defined in paragraph 9.b of the Release.

 

10.
Entire Agreement. Prior to the Separation Date, the Employment Agreement shall remain in full force and effect, except
where the Employment Agreement and this Agreement conflict, in which case this Agreement shall control. As of the Separation Date,
this Agreement, including the Release attached hereto and the other documents referenced herein, and the surviving provisions
of the Employment Agreement shall constitute the entire agreement between the Parties with respect to Employee’s former
employment with Employer and the Parties’ relationship and obligations to each other.

 

11.
Assignment; Third Party Beneficiaries. This Agreement and all rights of Employee under this Agreement shall inure to the
benefit of and be enforceable by Employee’s personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. This Agreement shall be for the benefit of and binding upon the parties hereto and their
respective heirs, personal representatives, legal representatives, successors and, where applicable, assigns.

 

[Signatures
on following page]

 

    	 	 	 

    	 

    

 

WITNESS
WHEREOF, this Agreement has been executed by the Parties as of the dates set forth below.

 

	EMPLOYER:	 
	 	 
	THEMAVEN,
    INC.	 
	 	 	 
	By:	/s/ Paul
    Edmondson 	 
	Name:	Paul
    Edmondson	 
	Title:
    	President	 
	Date:	10/6/2020	 

 

	EMPLOYEE:	 
	 	 
	 	/s/ William
    Sornsin	 
	 	William
    Sornsin	 
	Date:	10/6/2020	 

 

[Signature
Page to Separation Agreement]

 

    	 	 	 

    	 

    

 

EXHIBIT
A

 

RELEASE

 

This
Release (the “Release”) is hereby made and entered into between TheMaven, Inc. (“Employer”) and William
Sornsin (“Employee”) to be effective as set forth in Section 9.b below. Employee’s execution of this Release
is a condition to his receipt of the Fee and benefits pursuant to Section 2 and Section 3 of the Separation & Advisor Agreement
between Employer and Employee effective as of September 4, 2020 (the “Agreement”), to which this Release is attached
as Exhibit A. Any terms not defined herein shall have the meaning set forth in the Agreement.

 

1.
Release.

 

a.
Employee, for himself and his family, heirs, executors, administrators, legal representatives, and their respective successors
and assigns, in exchange for the consideration to be provided pursuant to Sections 2-3 of the Agreement hereby gives up, releases,
and discharges Employer, TheMaven, Inc. and each of their subsidiaries, Affiliates, successors and assigns, and their current
and former directors, managers, officers, employees, shareholders and agents in such capacities (each a “Released Party”
and, collectively with Employer and TheMaven, Inc., the “Released Parties”) from any and all rights and claims that
Employee may have against the Released Parties as of the date Employee signs this Release arising from or in connection with Employee’s
employment or termination of employment with Employer, including without limitation any and all rights and claims to or for attorneys’
fees, whether or not Employee presently is aware of such rights or claims or suspects them to exist. These rights and claims include,
but are not limited to, any and all rights and claims which Employee may have under, or arising out of, the Age Discrimination
in Employment Act of 1967, as amended (the “ADEA”); the Americans with Disabilities Act of 1990, as amended; the Family
and Medical Leave Act; Title VII of the Civil Rights Act of 1964, as amended; and any other federal, state, or local constitution,
statute, ordinance, executive order, or common law.

 

b.
Employee specifically releases the Released Parties from all claims Employee might have under the ADEA and acknowledges that all
conditions established by the Older Workers Benefit Protection Act for a voluntary release of claims have been met.

 

c.
Notwithstanding anything in Paragraph 1(a) above to the contrary, this Release shall not apply to: (i) any actions to enforce
rights to receive any payments or benefits which may be due to Employee pursuant to the Agreement or under any of Employer’s
employee benefit plans; (ii) any rights or claims that may arise as a result of events occurring after the date this Release is
signed by Employee; (iii) any indemnification rights Employee may have as a current or former officer or director of Employer
or its Affiliates; (iv) any claims for benefits under any directors’ or officers’ liability policy maintained by Employer
or its Affiliates in accordance with the terms of such policy; (v) any claims that cannot be waived as a matter of law; (vi) any
claims Employee may have to government-sponsored and administered benefits such as unemployment insurance, workers’ compensation
insurance (excluding claims for retaliation under workers’ compensation laws), state disability insurance, and paid family
leave benefits; and (viii) any benefits that vested on or prior to the Separation Date pursuant to a written benefit plan sponsored
by Employer and governed by the federal law known as “ERISA.”

 

    	 	 	 

    	 

    

 

d.
This Release shall be effective as a bar to each and every claim Employee might otherwise have asserted against any Released Party
on or before the date of this Release. In the event Employee hereafter discovers facts in addition to or different from those
which Employee now knows or believes to exist with respect to the subject matter of this Release and which, if known or suspected
at the time of executing this Release, may have materially affected this Release, Employee expressly waives any right to assert
after the execution of this Agreement that any such claim has, through ignorance or oversight, been omitted from the scope of
this Release.

 

e.
Nothing in this Release prohibits or prevents Employee from filing a charge with or participating, testifying, or assisting
in any investigation, hearing, or other proceeding before the U.S. Equal Employment Opportunity Commission, the National
Labor Relations Board or a similar agency enforcing federal, state or local anti-discrimination laws (except that Employee
acknowledges that he may not recover any monetary benefits or personal relief in connection therewith). Additionally, nothing
in this Release prevents Employee from: (i) reporting possible violations of federal law or regulations, including any
possible securities laws violations, to any governmental agency or entity, including but not limited to the U.S. Department
of Justice, the U.S. Securities and Exchange Commission, the U.S. Congress, or any agency Inspector General; (ii) making any
other disclosures that are protected under the whistleblower provisions of federal law or regulations; or (iii) otherwise
fully participating in any federal whistleblower programs, including but not limited to any such programs managed by the U.S.
Securities and Exchange Commission and/or the Occupational Safety and Health Administration. Moreover, nothing in this
Release prohibits or prevents Employee from receiving individual monetary awards or other individual relief by virtue of
participating in such federal whistleblower programs.

 

2.
Employee Representations and Covenant Not to Sue. Employee represents that he has not filed against the Released Parties
any complaints, charges, or lawsuits arising out of his employment, termination of employment, or any other matter arising on
or prior to the date Employee signed this Release, and covenants and agrees that he will never individually or with any person
or entity file, or commence the filing of, any charge, lawsuit, complaint, or proceeding with any governmental agency, or against
the Released Parties with respect to any of the matters released by Employee pursuant to Paragraph 1(a) hereof (a “Proceeding”).
If, notwithstanding the express terms of this Release to the contrary, Employee commences, continues, joins in, or in any other
manner attempts to assert any claim released herein against any Released Party, then, to the fullest extent permitted by law,
Employee shall reimburse the Released Parties for all reasonable attorneys’ fees incurred by the Released Parties in defending
against such a claim; provided that the right to attorneys’ fees is without prejudice to the Released Parties’ other
rights hereunder.

 

3.
Employee Acknowledgements. Employee further acknowledges that he (a) has received payment in full for all services rendered
in conjunction with Employee’s employment by Employer and that no other compensation is owed to Employee except as provided
in the Agreement; (b) Employee has not been denied any request for leave to which he believes he was legally entitled, and Employee
was not otherwise deprived of any of his rights under the Family and Medical Leave Act or any similar state or local statute;
and (c) Employee has not assigned or transferred, or purported to assign or transfer, to any person, entity, or individual whatsoever,
any of the claims released in the foregoing general release and waiver.

 

    	 	 	 

    	 

    

 

4.
Return of Employer Property. Employee agrees that that he will return any unreturned Employer Property promptly upon Employer’s
request.

 

5.
Separation Agreement. This Release incorporates by reference, as if set forth fully herein, all terms and conditions of
the Agreement. Employee acknowledges that this Release is not intended to otherwise change, alter or amend any of the terms and
conditions of the Agreement, which Agreement remains in full force and effect.

 

6.
No Admission of Liability. Neither the existence of this Release nor any of its terms or conditions shall be construed
by either Party, at any time, as an admission of liability or wrongdoing by any Released Party.

 

7.
Severability. If any provision of this Agreement, or any part thereof, is determined to be invalid or unenforceable by
a court having jurisdiction in the matter, all of the remaining provisions and parts of this Agreement shall remain fully enforceable;
except that, if the provisions in Paragraph 1 concerning releases are held to be invalid, illegal, or unenforceable, then Employee
will be required to enter into a new Release with an enforceable release, unless otherwise agreed to in writing by all parties.

 

8.
Consideration. Employee acknowledges that the execution of this Release is in further consideration of the payments due
to Employee under the Agreement, which includes benefits to which Employee acknowledges he would not be entitled if he did not
sign this Release.

 

9.
Knowing and Voluntary Agreement.

 

a.
Employee acknowledges that Employee: (i) has carefully read this Agreement in its entirety; (ii) has the opportunity to consider
the terms of this Agreement and Addendum for at least 21 days; (iii) is hereby advised by Employer in writing to consult with
an attorney of Employee’s choice in connection with this Agreement; (iv) fully understands the significance of all the terms
and conditions of this Agreement; and (v) is signing this Agreement voluntarily and of Employee’s own free will and agree
to abide by all the terms and conditions contained herein.

 

b.
After signing this Release, Employee shall have seven (7) days (“Revocation Period”) to revoke the release
of claims under the Age Discrimination in Employment Act by indicating Employee’s desire to do so in writing to Robert Scott,
by no later than the last day of the Revocation Period. Employee’s right to receive the consideration to be provided pursuant
to Sections 2-3 of the Agreement shall not become effective until the day following the last day of the Revocation Period, only
if Employee has not sent a Revocation Notice prior to the end of the Revocation Period (“Effective Date”).
In the event that Employee revokes this Release during the Revocation Period, this Release and the Agreement shall automatically
be null and void.

 

    	 	 	 

    	 

    

 

10.
Miscellaneous.

 

a.
This Release may not be amended, modified or discharged except by a writing duly executed by all parties. This Release may not
be amended, modified or discharged by e-mail.

 

b.
This Release shall be governed by and construed in accordance with the laws of the State of Washington without regard to its conflict
of laws principles to the extent that such principles would require the application of laws other than the laws of the State of
Washington.

 

c.
The waiver by either Party of the breach of any provision of this Release by the other Party shall not operate or be construed
as a waiver of any subsequent breach by such other Party.

 

d.
This Release may be executed in several counterparts, each of which shall be deemed an original.

 

e.
The Parties shall bear their own respective costs and fees, including attorneys’ fees, in connection with the negotiation
and execution of this Release.

 

f.
The terms and conditions of this Release shall be binding and shall inure to the benefit of the Parties’ respective heirs,
executors, administrators, representatives, successors and assigns.

 

[Signatures
on following page]

 

    	 	 	 

    	 

    

 

	EMPLOYER:	 
	 	 
	THEMAVEN,
    INC.	 
	 	 	 
	By:	/s/ Paul
    Edmondson 	 
	Name:	Paul
    Edmondson	 
	Title:	President	 
	Date:	10/6/2020	 

 

	EMPLOYEE:	 
	 	 	 
	 	/s/ William
    Sornsin	 
	 	William
    Sornsin	 
	Date:
    	September
    4, 2020

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