Document:

Exhibit 10.8

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

THIS AMENDED AND RESTATED
EMPLOYMENT AGREEMENT is entered into as of June 10, 2014 by and between FreeCast, Inc., a Florida corporation (the
“Company”), and Christopher M. Savine, an individual (the “Executive”).

 

RECITALS:

 

A.          The
Company and the Executive have previously entered into an Employment Agreement dated as of April 15, 2014 (the “Initial Agreement”).

 

B.          Each
of the Company and the Executive desires to amend and restate the Original Agreement in accordance with this Amended and Restated
Employment Agreement (the “Agreement”).

 

NOW, THEREFORE, in
consideration of the Recitals, and the respective covenants and agreements of each of the Company and the Executive contained in
this Agreement, each of the Company and the Executive agrees as follows:

 

ARTICLE I 

Certain Definitions

 

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

 

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

 

“Affiliate”
means, with respect to any specified Person, any other Person which, directly or indirectly, controls, or is controlled by or is
under common control with, such specified Person. For purposes of this definition, the concept of “control,” when used
with respect to any specified Person, signifies the possession of the power to direct the management and policies of such specified
Person, directly or indirectly, whether through the ownership of voting securities or partnership or other equity or ownership
interests, by contract or otherwise.

 

“Cause” means
any of the following:

 

(a)          any
action by the Executive or any failure to act by the Executive which constitutes fraud, embezzlement, misappropriation, dishonesty
or breach of trust;

 

    	 

    	 

    

 

(b)          any
action by the Executive which constitutes assault or any other act of violence;

 

(c)          any
action by the Executive which constitutes sexual harassment or discrimination on the basis of race, ethnicity, religion, gender
or sexual preference;

 

(d)          the
Executive’s conviction or plea of guilty or nolo contendre to any felony whatsoever or to any misdemeanor if the sentence
therefor includes incarceration;

 

(e)          the
Executive’s attendance at work in a state of intoxication or being found with any drug or substance possession which would
constitute a criminal offense of any kind;

 

(f)          the
Executive’s carrying out any activity or making any public statement which prejudices or diminishes the good name, reputation
or standing of the Company or any its Affiliates or would cause any of them to be subjected to public contempt or ridicule;

 

(g)          any
action or failure to act by the Executive which constitutes a violation of law, including without limitation any violation of any
federal or state securities laws;

 

(h)          any
breach or violation by the Executive of any or all of his material covenants or agreements set forth in this Agreement;

 

(i)          any
failure or refusal by the Executive to perform any or all of his material duties and responsibilities as an employee of the Company;
or

 

(j)          gross
negligence by the Executive in the performance of any or all of his material duties and responsibilities as an employee of the
Company.

 

“Certificate”
shall have the meaning set forth in Section 5.2(a).

 

“Common Stock”
shall have the meaning set forth in Section 5.1.

 

“Company” means
FreeCast, Inc., a Florida corporation.

 

“Confidential Information”
shall have the meaning set forth in Section 9.l(a).

 

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“Disability”
means any mental or physical illness, condition, disability or incapacity which prevents the Executive from reasonably discharging
his duties and responsibilities as an officer of the Company. If any disagreement or dispute shall arise between the Company and
the Executive as to whether the Executive suffers from any Disability, then, in such event, the Executive shall submit to the physical
or mental examination of a licensed physician chosen solely by the Company, and such physician shall determine whether the Executive
suffers from any Disability. In the absence of fraud or bad faith, the determination of such physician shall be final and binding
upon the Company and the Executive. The entire cost of such examination shall be paid for solely by the Company.

 

“Escrow Agreement”
shall have the meaning set forth in Section 5.2(a).

 

“Executive”
means Christopher M. Savine, an individual.

 

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

 

“Law Firm”
shall have the meaning set forth in Section 5.2(a).

 

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

 

“Policies”
shall have the meaning set forth in Section 8.5.

 

“Restrictive Covenants”
shall have the meaning set forth in Section 8.2.

 

“Salary” shall
have the meaning set forth in Section 4.1.

 

“Section 83(b) Election”
shall have the meaning set forth in Section 5.2(e).

 

“Shares” shall
have the meaning set forth in Section 5.2(a).

 

“Tax Related Items”
shall have the meaning set forth in Section 5.2(d).

 

“Term” shall
have the meaning set forth in Section 3.1.

 

“Termination Date”
means a specific date not less than fifteen nor more than forty-five days from and after the date of any Termination Notice upon
which the Executive’s employment by the Company shall terminate.

 

“Termination Notice”
shall mean a written notice which sets forth (a) the specific provision of this Agreement relied upon to terminate the Executive’s
employment and (b) a Termination Date.

 

“Territory”
means the United States of America and its territories and possessions.

 

“Trade Secrets”
shall have the meaning set forth in Section 9.1 (b).

 

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ARTICLE II 

Employment

 

2.1          Employment.
The Company employs the Executive and the Executive accepts such employment. Subject to the direction of the Board of Directors
and the Chief Executive Officer, the Executive shall serve as the Chief Financial Officer of the Company. The Executive shall have
such responsibilities, perform such duties and exercise such power and authority as may from time to time be delegated to him by
the Board of Directors or the Chief Executive Officer or are inherent in, or incident to, such office. The Executive shall devote
substantially all of his business time and attention and his best efforts to the diligent, professional and ethical performance
of his duties as an employee of the Company.

 

2.2          Change
in Position. If the Executive’s position with the Company shall change for any reason, then this Agreement shall
continue to apply.

 

ARTICLE III 

Term

 

3.1          Term.
The term of the Executive’s employment by the Company shall be for a period of one year, commencing on April 28, 2014
and continuing through April 27, 2015 (the “Term”). Subsequent to April 27, 2015, the Term shall be automatically extended
on a month- to-month basis. Notwithstanding the provisions of the immediately preceding sentences, the Executive’s employment
by the Company may be terminated prior to the expiration of the initial Term or any extension thereof in accordance with the provisions
of Article VII below.

 

ARTICLE IV 

Salary

 

4.1          Salary. In
full payment for the obligations to be performed by the Executive during the term of this Agreement, effective as of
April 28, 2014, the Company shall pay to the Executive a salary (subject to applicable payroll and/or other taxes required by
law to be withheld) equal to One Hundred Fifty Thousand Dollars ($150,000.00) per annum (the “Salary”).

 

4.2          Payment
of Salary. The Salary shall be paid to the Executive in installments from time to time on the same dates payments of salary
are generally made to all senior management employees of the Company.

 

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ARTICLE V

Incentives

 

5.1          Warrants.
In order to induce the Executive to enter into the Initial Agreement and perform his obligations thereunder and hereunder and
the payment to the Company of Fifty Dollars ($50.00), the Executive has executed and delivered to the Company a subscription agreement
and the Company has issued to the Executive warrants to purchase an aggregate of Two Hundred Seventy-Four Thousand Thirty-Three
(274,033) shares of its common stock, par value $0.0001 per share (the “Common Stock”), at a purchase price of Twenty-Five
Cents ($0.25) per share and on such other terms and conditions as are set forth in the warrants.

 

5.2          Shares.

 

(a)          The
Company shall cause the issuance in the name of the Executive of a stock certificate (the “Certificate”) representing
Four Hundred Thousand (400,000) shares of Common Stock (the “Shares”) for and in consideration of services rendered,
or to be rendered, by the Executive to the Company in the amount of One Hundred Thousand Dollars ($100,000.00). The Company shall
deliver the Certificate to the law firm of Winderweedle, Haines, Ward & Woodman, P.A. (the “Law Firm”) to be held
in escrow in accordance with the provisions of that certain Escrow Agreement of even date herewith (the “Escrow Agreement”).
The Executive shall deliver a stock power, endorsed in blank, with a medallion signature guaranty, to the Law Firm to be held in
escrow in accordance with the provisions of the Escrow Agreement. The Executive shall execute and deliver a subscription agreement
to the Company.

 

(b)          The
Executive acknowledges that that, prior to his receipt of the Certificate, it is likely that the Company will declare or authorize
a stock split or dividend, reverse stock split, combination, exchange of shares, recapitalization, reclassification (including
any consolidation or merger), sale or acquisition of property or stock, reorganization or liquidation, or conversion of outstanding
shares of Common Stock into the same or a different number of shares of the same or another class or classes of stock of the Company.
In any such event, the aggregate consideration for the Shares shall continue to be the amount of One Hundred Thousand Dollars ($100,000.00),
but the price per Share and the aggregate number of Shares shall be adjusted appropriately.

 

(c)          The
Executive shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to
the Executive, the amount of any required withholding taxes in respect of the shares of Common Stock issued pursuant to Section
5.2(a) and to take all such other action as the Company deems necessary to satisfy all obligations for the payment of such withholding
taxes. The Company may permit the Executive to satisfy any federal, state or local tax withholding obligation by any of the following
means, or by a combination of such means:

 

(i)          tendering
a cash payment;

 

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(ii)          authorizing
the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Executive
in accordance with the provisions of the Escrow Agreement; provided, however, that no shares of Common Stock shall be withheld
with a value exceeding the minimum amount of tax required to be withheld by law; or

 

(iii)          delivering
to the Company previously owned and unencumbered shares of Common Stock.

 

(d)          Notwithstanding
any action the Company takes with respect to any or all income tax, social security, payroll tax, or other tax-related withholding
(collectively, the “Tax- Related Items”), the ultimate liability for all Tax-Related Items is and remains the Executive’s
sole responsibility and the Company (i) makes no representation or undertaking regarding the treatment of any Tax-Related Items
in connection with the issuance or delivery of the Shares pursuant to Section 5.2(a) or the subsequent sale of any such Shares
and (ii) does not commit to structure any transaction to reduce or eliminate the Executive’s liability for Tax-Related Items.

 

(e)          The
Executive may make an election under Section 83(b) of the Internal Revenue Code of 1986 (a “Section 83(b) Election”)
with respect to the Shares to be issued pursuant to Section 5.2(a). Any such election must be made within thirty days after the
date of this Agreement. If the Executive elects to make a Section 83(b) Election, then the Executive shall provide the Company
with a copy of an executed version and satisfactory evidence of the filing of the executed Section 83(b) Election with the Internal
Revenue Service. The Executive shall have full responsibility for ensuring that the Section 83(b) Election is actually and timely
filed with the Internal Revenue Service and for all tax consequences resulting from the Section 83(b) Election.

 

5.3          Bonus.
The Executive shall have the opportunity to earn a discretionary bonus on an annual basis as may be determined in the sole
discretion of the Board of Directors of the Company. Any such bonus shall be subject to applicable payroll and/or other taxes required
by law to be withheld.

 

ARTICLE VI 

Certain Fringe Benefits

 

6.1          Generally.
The Executive may receive such benefits and participate in such benefit plans as are generally provided from time to time
by the Company to its senior management employees; provided, however, that nothing contained in this Section 6.1 shall
be construed to obligate the Company to provide any specific benefits to its respective senior management employees generally
or to the Executive specifically.

 

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6.2          Vacations.
The Executive shall be entitled to vacation time on an annual basis in accordance with such policies as are from time to time
adopted by the Company’s Board of Directors with respect to its senior management employees.

 

6.3          Business,
Travel and Entertainment Expenses. Within a reasonable time after the submission of appropriate receipts and other evidence
by the Executive, the Company shall pay, or reimburse the Executive for, all reasonable business, travel and entertainment expenses
incurred by the Executive in connection with the performance of his duties and responsibilities on behalf of the Company.

 

ARTICLE VII 

Termination of Employment

 

7.1          Termination
of Employment. 

 

(a)          Notwithstanding
the provisions of Article III above, the employment of the Executive (i) shall automatically terminate upon the death of the Executive
pursuant to the provisions of Section 7.2, (ii) may be terminated at any time by the Company pursuant to the provisions of Sections
7.3 or 7.4 and (iii) may be terminated at any time by the Executive pursuant to the provisions of Section 7.5.

 

(b)          If
the Company shall desire to terminate the Executive’s employment by the Company pursuant to any of the provisions of Sections
7.3 or 7.4 of this Agreement, then, in such event, the Company shall provide a Termination Notice to the Executive.

 

(c)          If
the Executive shall desire to terminate his employment by the Company pursuant to the provisions of Sections 7.5 of this Agreement,
then, in such event, the Executive shall provide a Termination Notice to the Company.

 

(d)          If
the Executive’s employment by the Company shall be terminated pursuant to any of the provisions of this Article VII, then
the Company shall be discharged from all of its obligations to the Executive under this Agreement upon the payment to the Executive
of the amount set forth in the Section of this Article VII pursuant to which such termination of employment shall occur. The Executive’s
sole and exclusive remedy for the termination of his employment by the Company prior to the expiration of the Term, regardless
of whether such termination shall be initiated by the Company or the Executive, shall be the payment by the Company to the Executive
of the amount set forth in the Section of this Article VII pursuant to which such termination shall occur.

 

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          7.2          Death
of Executive. If during the Term the Executive shall die, then the employment of the Executive by the Company shall automatically
terminate on the date of the Executive’s death. In such event, the Company shall be obligated to pay to the Executive’s estate
or as otherwise directed by the Executive’s personal representative or executor, the Executive’s Salary (subject to applicable
payroll and/or other taxes required by law to be withheld) through the date of the Executive’s death.

 

          7.3          Disability
of Executive. If during the Term the Executive shall suffer any Disability, then the Company may terminate the Executive’s
employment. In such event, the Company shall pay to the Executive or as otherwise directed by the Executive’s legal representative
his Salary (subject to applicable payroll and/or taxes required by law to be withheld) through the Termination Date set forth in
the Termination Notice.

 

          7.4          Termination
of Employment by Company. 

 

                         (a)          
The Company may terminate the Executive’s employment at any time with Cause. In such event, the Company shall continue to pay
to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other taxes
required by law to be withheld) through the Termination Date set forth in the Termination Notice.

 

                         (b)          
The Company may terminate the Executive’s employment at any time without Cause. In such event, (i) the Company shall continue
to pay to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other
taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice and (ii) (A) if the Termination
Date set forth in the Termination Notice is on or before April 27, 2015, then the Company shall continue to pay to the Executive
a salary at the rate of Two Hundred Fifty Thousand Dollars ($250,000.00) per annum (subject to applicable payroll and/or other
taxes required by law to be withheld) for a period of three months subsequent to the Termination Date set forth in the Termination
Notice and (B) if the Termination Date set forth in the Termination Notice is subsequent to April 27, 2015, then the Company shall
continue to pay to the Executive a salary at the rate of Two Hundred Thousand Dollars ($250,000.00) per annum (subject to applicable
payroll and/or other taxes required by law to be withheld) for a period of six months subsequent to the Termination Date set forth
in the Termination Notice.

 

          7.5          Termination
of Employment by Executive. The Executive may terminate his employment at any time. In such event, the Company shall continue
to pay to the Executive in the ordinary and normal course of its business his Salary (subject to applicable payroll and/or other
taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

 

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ARTICLE VIII 

Certain Covenants of the Executive

 

          8.1          Certain
Restrictive Covenants. The Executive covenants and agrees with the Company and each Affiliate of the Company as follows:

 

                         (a)          
He shall not at any time, directly or indirectly, for himself or for any other Person, approach, counsel, solicit, induce or attempt
to approach, counsel, solicit or induce any Person employed or engaged by the Company or any Affiliate of the Company, whether
such Person is a full-time employee, part-time employee or independent contractor, to terminate his, her or its employment or independent
contractor relationship with the Company or any Affiliate of the Company.

 

                         (b)          He
shall not at any time, directly or indirectly, for himself or for any other Person employ, attempt to employ or enter into any
contractual arrangement for employment with, engage, attempt to engage or enter into any contractual arrangement for the engagement
of, any employee or former employee or independent contractor or former independent contractor of the Company or any Affiliate
of the Company, unless such former employee or independent contractor shall not have been employed or engaged by the Company or
any Affiliate of the Company for a period of at least one year.

 

                         (c)          He
shall not, while he is employed by the Company and for a period of two years from and after the date that his employment by the
Company ceases or terminates for any reason, directly or indirectly, for himself or for any other Person:

 

                                        (i)          acquire
or own in any manner any interest in, or loan any amount to, any Person which competes in any manner with the Company or any Affiliate
of the Company anywhere in the Territory;

 

                                        (ii)         be
employed by or serve as an employee, agent, officer, director or manager of, or as a consultant to, or as an independent contractor
or salesperson for, any Person which competes in any manner with the Company or any Affiliate of the Company in the Territory;

 

                                        (iii)        solicit, attempt to solicit, market, sell or provide, or attempt to market, sell or provide, any goods or services to any customer
of the Company or any Affiliate of the Company, other than on behalf of the Company or an Affiliate of the Company or unless any
such customer has not been a customer of the Company or any Affiliate of the Company for a period of at least one year;

 

                                        (iv)
       procure goods or services from any supplier or vendor of the Company or any
Affiliate of the Company, other than on behalf of the Company or an Affiliate of the Company or unless any such supplier or vendor
has not been a supplier or vendor to the Company or any Affiliate of the Company for a period of at least one year;

 

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                                        (v)           compete
in any manner with the Company or any of its Affiliates in the Territory; or

 

                                        (vi)          interfere
with, disrupt, or attempt to interfere with or disrupt, any existing relationship, contractual or otherwise, between the Company
or any Affiliate of the Company on the one hand, and any of the respective employees, independent contractors, customers, suppliers,
vendors or other Persons with which any of the Company or its Affiliates has business relations or deals with on the other.

 

The foregoing provisions of this Section
8.l(c) shall not prevent the Executive from acquiring and owning not more than one percent of the equity securities of any Person
whose securities are listed for trading on a national securities exchange or are regularly traded in the over-the-counter securities
market.

 

          8.2          Independent
Agreements. The restrictive covenants set forth in Section 8.1 above (collectively, the “Restrictive Covenants”)
shall be construed as agreements independent of any other provision contained in this Agreement, and the existence of any claim
or cause of action, whether predicated upon this Agreement or otherwise, against the Company or any of its Affiliates shall not
constitute a defense to the enforcement by the Company or any of its Affiliates of any of the Restrictive Covenants. The Executive
acknowledges that the Company has fully performed all obligations entitling it to the benefits of the Restrictive Covenants, and
that the Restrictive Covenants, therefore, are not executory or otherwise subject to rejection under the Bankruptcy Code of 1978.

 

          8.3          Reasonable
Restraint. Each of the Company and the Executive acknowledges that each of the Restrictive Covenants is a reasonable and
necessary restraint of trade and does not violate any applicable laws, rules or regulations, including without limitation the Sherman
Antitrust Act, the Florida Antitrust Act or the common law. Each of the Company and the Executive acknowledges that the Company
conducts its business activities on a worldwide basis and throughout the Territory. Each of the Company and the Executive acknowledges
that each of the Restrictive Covenants is supported by valid and legitimate business interests, including without limitation the
need to protect the Confidential Information and Trade Secrets (as such terms are hereinafter defined) of the Company and its Affiliates,
and the need to protect the substantial relationships of the Company and its Affiliates with their respective employees and independent
contractors, current and prospective customers, and current and prospective vendors, and that the period of restriction set forth
in Section 8.l(c) above is essential to the full protection of each of such valid and legitimate business interests.

 

          8.4          Severability.
Each of the Company and the Executive agrees that each of the Restrictive Covenants is reasonable and proper with respect to
duration, geographical scope, and lines of business. If all or any portion of any of the Restrictive Covenants is held by a court
of competent jurisdiction to be unreasonable, arbitrary or against public policy for any reason, then all or such portion of such
Restrictive Covenants shall be considered divisible as to duration, geographical scope or lines of business, or may be otherwise
narrowed so as to be enforceable. If a court of competent jurisdiction shall determine that a time period, a geographical area
or a specified line of business is unreasonable, arbitrary or against public policy for any reason, then a shorter period, a smaller
geographical area or a narrower line of business, as shall be determined by such court to be reasonable, non-arbitrary and not
against public policy, may be enforced against the Executive by the Company.

 

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          8.5
          Certain Policies. The Executive acknowledges that (a)
he has been provided with a copy of the Company’s Policies Regarding Electronic Information Systems, Electronic Mail, Internet
and Telephone and Other Communications (the “Policies”), (b) he has read the Policies, (c) he has had an opportunity
ask questions of and to seek information regarding the Policies, (d) he understands the Policies and (e) he accepts, consents
to and agrees to abide by the Policies.

 

          8.6          Assignment
of Works. The Executive assigns to the Company or its assigns all of the Executive’s right, title and interest in and
to all developments, inventions and ideas made, conceived or reduced to practice solely or jointly by the Executive while engaging
in activities within the scope of his employment by the Company, regardless of whether any of such developments, inventions and
ideas qualify as intellectual property or were conceived or developed during business hours. The Executive acknowledges and agrees
that all original works of authorship that are made with the scope of his employment by the Company and which can be legally protected
are “works for hire” under applicable law. The Executive shall notify the Company of all developments, inventions and
ideas and to take all actions necessary to enable the Company to seek legal protection for them.

 

ARTICLE IX 

Confidential Information and Trade Secrets

 

          9.1          Certain
Definitions.

 

                         (a)          “Confidential
Information” includes information which (a) has been or is developed or is otherwise owned by the Company or any of its Affiliates,
whether developed by the Company or an Affiliate of the Company or by any other Person, (b) is not readily available to the public
and not generally ascertainable by proper means by the public, (c) if disclosed to the public, would be harmful to the interests
of the Company or any Affiliate of the Company, (d) has limited disclosure within the Company or any Affiliate of the Company,
or (e) is treated or designated by the Company or any Affiliate of the Company as being confidential. Confidential Information
may consist of technical information, including without limitation inventions, formulas, compilations, computer programs, software,
databases, methods, purchasing techniques and processes, sales techniques and processes, market data and pricing and discounting
practices, as well as business information relating to the financial condition, financial arrangements, business plans or strategies
(such as new products and services and plans for sales, marketing, purchasing, distribution, services or promotions), employee
training materials, sales manuals, customer needs, contacts, accounts and the like, vendor or supplier lists, vendor or supplier
needs, contacts, accounts and the like, personnel, payroll and financial data and records, and any and all data, information, plans,
processes, procedures, methods and records of any kind or nature whatsoever, regardless of the form of storage medium and wherever
located, related in any manner to the Company or any Affiliate of the Company or their respective businesses, operations or affairs
or their respective members, managers, directors, officers, employees, agents or independent contractors.

 

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                         (b)          “Trade
Secrets” include Confidential Information which is sufficiently secret to derive actual or potential economic value to the
Company or an Affiliate of the Company from not being generally known to, and not being readily ascertainable by, the competitors
of the Company or an Affiliate of the Company and other Persons (including without limitation the vendors, suppliers and customers
of the Company or any Affiliate of the Company), which information gives, or has the potential of giving, the Company or any Affiliate
of the Company an advantage over the competitors of the Company or any Affiliate of the Company or other Persons (including without
limitation the vendors, suppliers and customers of the Company or any Affiliate of the Company) which can obtain economic value
from the disclosure or use of the information and which information the Company or any Affiliate of the Company has taken, and
will continue to take, reasonable steps to maintain as secret or confidential vis-a-vis its current and potential competitors and
other Persons (including without limitation the Company’s vendors, suppliers and customers).

 

          9.2          Ownership
of Confidential Information and Trade Secrets. The Executive acknowledges that, in the course of his relationship with
the Company, he has received, used, had access to and became familiar with, or in the future will receive, use, have access to
and become familiar with, the Confidential Information and the Trade Secrets which are owned by the Company or by an Affiliate
of the Company or which are or will be otherwise used in connection with the current or future business of the Company or an Affiliate
of the Company. The Executive acknowledges and agrees that all such Confidential Information and Trade Secrets are and shall remain
the sole and exclusive property of the Company or an Affiliate of the Company, as the case may be, and that the covenants set forth
in Section 9.3 below are fair and reasonable.

 

          9.3          Non-Disclosure.
The Executive shall not, directly or indirectly, at any time disclose to any Person, or take or use for the purposes of any
Person, other than the Company or its Affiliates, any Confidential Information or Trade Secrets. The Executive shall not, directly
or indirectly, at any time copy or place any Confidential Information or Trade Secrets on to any personal computer or other data
collection or storage device that is not owned by the Company or an Affiliate of the Company. The obligations of the Executive
set forth in this Section 9.3 apply to, and are intended to prevent, the direct or indirect disclosure of any Confidential Information
or Trade Secrets to Persons where such disclosure of the Confidential Information or the Trade Secrets would reasonably be considered
to be useful to the competitors of the Company or any of its Affiliates or to any other Person to become a competitor based, in
whole or in part, on such Confidential Information or Trade Secrets. Immediately upon the termination of the Executive’s employment
by the Company for any reason, the Executive shall deliver to the Company all Confidential Information and Trade Secrets and all
Company property then in his possession.

 

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          9.4          Independent
Agreements. The covenants set forth in Section 9.3 above shall be construed as an agreement independent of any other provision
contained in this Agreement, and the existence of any claim or cause of action, whether predicated upon this Agreement or otherwise,
against the Company or any of its Affiliates shall not constitute a defense to the enforcement by the Company or any of its Affiliates
of any of such covenants. The Executive acknowledges that the Company has fully performed all obligations entitling it to the benefit
of the covenants set forth in Section 9.3 above, and that such covenants, therefore, are not executory or otherwise subject to
rejection under the Bankruptcy Code of 1978.

 

ARTICLE X 

Remedies; Survival

 

          10.1          Injunction;
Specific Performance. It is recognized and acknowledged by each of the parties that a breach or violation by the Executive
of any or all or the provisions contained in this Agreement will cause irreparable harm and damage to the Company and/or its Affiliates
in a monetary amount which would be virtually impossible to ascertain. As a result, each of the parties recognizes and acknowledges
that the Company and/or its Affiliates shall be entitled to the remedies of injunction and/or specific performance from any court
of competent jurisdiction enjoining and restraining any breach or violation by the Executive of any or all of the provisions contained
herein and/or requiring the specific performance of any or all of the provisions contained herein, and that such rights to injunction
and specific performance shall be cumulative and in addition to whatever other rights and remedies the Company and/or its Affiliates
may possess hereunder, at law and in equity.

 

          10.2          Damages.
Except as otherwise provided in Article VII above, nothing contained in this Agreement shall be construed to prevent either
of the parties from seeking and recovering from the other party damages sustained by it, him or her as a result of the other party’s
breach or violation of any or all of the provisions of this Agreement.

 

          10.3          Survival.
The provisions of Articles I, VIII, IX, X and XI of this Agreement shall survive indefinitely the expiration of the Term or
the termination of the Executive’s employment prior to the expiration of the Term.

 

ARTICLE XI 

Miscellaneous Provisions

 

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

 

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

	 	 
	If to the Company:	FreeCast, Inc.
	 	5850 TG Lee Boulevard
	 	Suite 310
	 	Orlando, Florida 32822
	 	Attention: Chief Executive Officer
	 	 
	If to the Executive:	Christopher M. Savine
	 	6000 Island Boulevard
	 	Unit 504
	 	Miami, Florida 33160

 

or to such other address or facsimile telephone number as either
party may from time to time give written notice of to the others pursuant to the foregoing provisions of this Section 11.2. It
is specifically understood and agreed by the parties that any notice or other communication given by telephone, email, texting,
tweeting or any other form or forms of communication not specifically permitted by subsections (a), (b), (c) or (d) of this Section
11.2 shall not be deemed to be properly delivered for purposes of this Agreement and shall, therefore, be ineffective.

 

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

 

          11.4          Benefits:
Binding Effect. This Agreement shall be for the benefit of, and shall be binding upon, the parties hereto and their respective
heirs, personal representatives, executors, legal representatives, successors and assigns.

 

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

 

    14

     

    

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

 

          11.7          Third
Party Beneficiaries. The Executive acknowledges and agrees that each and every present and future Affiliate of the Company
shall be entitled, as a third party beneficiary, to the rights and benefits of the representations, warranties, covenants and agreements
of the Executive set forth in this Agreement. Nothing contained in this Section 11.7 shall prohibit the modification of this Agreement
by the Company and the Executive in accordance with the provisions hereof.

 

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

 

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

 

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

	 	 	 	 
	FreeCast, Inc.	 	 
	 	 	 	 
	By:	 	 	 
	 	William A. Mobley, Jr.,	 	Christopher M. Savine
	 	Chief Executive Officer	 	 

 

    15Exhibit
10.10

 

MCMS
PURCHASE AGREEMENT

 

THIS
MCMS PURCHASE AGREEMENT is entered into as of January 2, 2015 by and between FREECAST, INC., a Florida corporation
(the “Company”), and NEXTELLIGENCE, INC., a Delaware corporation (“Nextelligence”).

 

RECITALS:

 

A.
          Nextelligence is the sole owner of certain software which is
used as a Media Content Management System (the “MCMS”). The Company desires to purchase and own the MCMS.

 

B.
          Nextelligence has received a written appraisal of the MCMS from Thomas
J. Herman (the “Appraisal”) which indicates that the MCMS has a current fair market value of not less than $750,000.

 

C.
          Nextelligence is obligated to FreeCast in the amount of $396,543.00
(the “Obligation”).

 

D.
         Nextelligence is willing to sell, assign, transfer and convey the MCMS to
the Company for and in consideration of the amount of $400,000.00 (the “Purchase Price”). The Purchase Price would
be paid by the Company to Nextelligence by (i) the reduction of the Obligation in the amount of $396,543.00 and (ii) the payment
by the Company to Nextelligence of cash in the amount of $3,457.00.

 

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

 

F.
           Each of the parties believes that it is in its best interests, and
desires, to enter into this Agreement.

 

NOW
THEREFORE, in consideration of the covenants and agreements herein contained, the pasties agree as follows:

 

1.           Sale
and Purchase of MCMS.

 

(a)
          For and in consideration of the Purchase Price, Nextelligence does
hereby sell, assign, transfer and convey to the Company all of its right, title and interest in and to the MCMS.

 

(b)
          The Purchase Price shall be paid by the Company to Nextelligence by
(i) the reduction of the Obligation by the amount of $396,543.00 and (ii) the payment by the Company to Nextelligence of cash
in the amount of $3,457.00.

 

    	 

    	 

    

 

2.           Accounting
Records. Each of the parties shall record the transaction described in Section 1 in its respective accounting records.

 

3.
           Second Amended and Restated Technology License and Development
Agreement. Nextelligence and the Company have previously entered into a Second Amended and Restated Technology License
and Development Agreement dated as of July 31, 2014 (the “Technology Agreement”). The Technology Agreement shall not
be affected, amended or modified by this Agreement, and shall remain in full force and effect.

 

4.             Disclaimers;
Limitation on Liability 

 

(a)
         EXCEPT AS SET FORTH IN SECTION 5, NEXTELLIGENCE MAKES NO WARRANTIES
WITH RESPECT TO ANY SOFTWARE, PRODUCTS OR SERVICE, INCLUDING WITHOUT LIMITATION THE MCMS, AND DISCLAIMS ALL STATUTORY OR IMPLIED
WARRANTIES, INCLUDING WITHOUT LIMITATION ANY WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT,
AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE OF TRADE.  NEXTELLIGENCE DOES NOT WARRANT
THAT THE MCMS WILL MEET ANY OF THE COMPANY’S REQUIREMENTS OR THAT THE OPERATION OF THE MCMS WILL BE UNINTERRUPTED OR ERROR-FREE.

 

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

 

5.             Certain
Representations and Warranties.

 

(a)
          Nextelligence represents and warrants to the Company as follows:

 

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

 

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

 

    	2

    	 

    

 

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

 

(iv)        
Nextelligence (A) is not involved in any manner in any suit, action or proceeding which involves a claim of infringement or misappropriation
of any of the MCMS and (ii) has not received any written complaint, claim, demand or notice alleging any such claim or possible
claim. None of the MCMS or the use thereof infringes on or violates in any manner the patent, trademark, service mark, copyright,
trade dress or other intellectual property rights of any person or entity, or any trade secret or confidential or proprietary
information or data of any person or entity.

 

(b)
         The Company represents and warrants to Nextelligence as follows:

 

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

 

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

 

6.
          Governing Law. This Agreement shall be governed by,
and shall be construed and interpreted in accordance with, the laws of the State of Florida, without giving effect to the provisions
regarding conflicts of law thereof.

 

    	3

    	 

    

 

7.
          Notices. Any and all notices and other communications
required or permitted to be given pursuant to this Agreement shall be in writing and shall be deemed to have been duly given (a)
when delivered by hand, (b) two days after having been delivered to Federal Express, UPS, or another recognized overnight courier
or delivery service, (c) when delivered by facsimile transmission, provided that an original copy of such transmission shall be
sent by first class mail, postage prepaid, or (d) five days after having been deposited into the United States mail, by registered
or certified mail, return receipt requested, postage prepaid, to the respective parties at their respective addresses or to their
respective facsimile telephone numbers set forth below:

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

 

or
to such other address or facsimile telephone number as any party may from time to time give written notice of to the others pursuant
to the foregoing provisions of this Section 7. It is specifically understood and agreed by the parties that any notice or other
communication given by telephone, email, texting, twittering or any other form or forms of communication not specifically permitted
by subsections (a), (b), (c) or (d) of this Section 7 shall not be deemed to be properly delivered for purposes of this Agreement
and shall, therefore, be ineffective.

 

8.
          Entire Agreement. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and supersedes all prior discussions, agreements, understandings,
negotiations and arrangements, both oral and written, between the parties with respect to such subject matter. This Agreement
may not be amended, modified, altered or repealed in any manner, except by a written instrument executed by each of the parties.

 

9.
          Benefits; Binding Effect. This Agreement shall be for
the benefit of, and shall be binding upon, the parties and their respective successors and assigns.

 

10.        
Further Assurances. Each of the parties shall cooperate with one another, shall do and perfonn such actions and
things, and shall execute and deliver such agreements, documents and instruments, as may be reasonable and necessary to effectuate
the purposes and intents of this Agreement.

 

    	4

    	 

    

 

11.        
Jurisdiction and Venue; Service of Process; Waiver of Trial by Jury. If any dispute, controversy, suit, action or proceeding
shall arise between the parties, then such dispute, controversy, suit, action or proceeding may only be brought for resolution
in the United States District Court for the Middle District of Florida, Orlando Division, or in the Judicial Circuit
Court in and for Orange County, Florida. Each of the parties consents to the jurisdiction and venue of such courts, and agrees
that it or he shall not contest or challenge the jurisdiction or venue of such courts. Each of the parties agrees that service
of any process, summons, notice or document, by United States registered or certified mail, to its or his address set forth in
or as provided herein shall be effective service of process for any suit, action or proceeding brought against it or him in any
such court. In recognition of the fact that the issues which would arise under this Agreement are of such a complex nature that
they could not be properly tried before a jury, each of the parties waives trial by jury.

 

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

 

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

 

14.
        Headings. The headings contained in this Agreement are
for reference purposes only and shall not affect in any way the meaning or interpretation of any or all of the provisions hereof.

 

15.        
Counterparts. This Agreement may be executed in any number of counterparts and by the separate parties in separate
counterparts, each of which shall be deemed to constitute an original and all of which shall be deemed to constitute the one and
the same instrument.

 

16.        
Effective Date. This Agreement shall be effective for all purposes from and after January 2,20 15.

 

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

	 	 	 	 	 
	NEXTELLIGENCE, INC.	 	FREECAST, INC.
	 	 	 	 	 
	By:	 	 	By:	 
	 	William A. Mobley, Jr.,	 	 	Christopher M. Savine,
	 	Chief Executive Officer	 	 	Chief Financial Officer

 

    	5

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