Document:

EX-10.4

 Exhibit 10.4 

Dave & Buster’s Entertainment, Inc. 

2014 Omnibus Incentive Plan 

RESTRICTED STOCK UNIT AGREEMENT 

(Time-Based) 
 THIS
RESTRICTED STOCK UNIT AGREEMENT (this “Award Agreement”) is made effective as of [●] (the “Date of Grant”), between Dave & Buster’s Entertainment, Inc., a Delaware corporation (the
“Company”) and [●] (the “Participant”). 
 R E C I T A
L S: 
 WHEREAS, the Company has adopted the Dave & Buster’s Entertainment, Inc. 2014 Omnibus Incentive Plan
(the “Plan”); and 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the
“Committee”) has determined that it would be in the best interests of the Company and its stockholders to grant the award (the “Award”) of restricted stock units (each, an “RSU”) provided for herein to the
Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set
forth, the parties agree as follows: 
 1.    Grant of Award. 

(a)    Restricted Stock Unit Component.  The Company hereby grants to the Participant [●] RSUs. The
RSU Award will vest in [●] installments as following: [●] RSUs on [●], [●] RSUs on [●], and [●] RSUs on [●]1. Each RSU represents one notional share of
common stock, par value $.01 per share, of the Company (each, a “Share”). 
 2.    Settlement;
Payment. 
 (a)    RSUs.  Subject to the terms of the Plan and this Award Agreement, including,
without limitation, Section 4 hereof, and to the extent that it would not cause a violation of Section 409A, each RSU shall be settled as soon as practicable following the applicable date of vesting, and in all events no later than sixty
(60) days following the applicable date of vesting, as determined solely by the Company (the date of settlement, the “Settlement Date”). RSUs shall be converted into an equivalent number of Shares, which will be distributed to
the Participant or the Participant’s legal representative. The Company may at its election either (a) on or after the Settlement Date, issue a certificate representing the Shares subject to this Award Agreement, or (b) not issue any
certificate representing Shares subject to this Award Agreement and instead document the Participant’s interest in the Shares by registering the Shares with the Company’s transfer agent (or another custodian selected by the Company) in
book-entry form. 
  

	1 	 Breakout will depend on number of installments. Business practice is to round up beginning with first
installment for any fractional shares. 

  
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 (b)    Award Subject to Clawback Policy.  The
Participant agrees and acknowledges that the Participant is bound by, and the Award is subject to, any clawback policy adopted by the Committee with respect to performance-based compensation. 

3.    Termination of Service.  Notwithstanding anything herein to the contrary: 

(a)    Termination of Service Due to Death or Disability.  Upon a termination of the Participant’s
Service by reason of death or Disability at any time prior to the Settlement Date, any unvested RSUs shall immediately become vested, and then any unsettled portion of the Award shall be settled in accordance with Section 2 hereof in respect of
the number of unsettled RSUs, notwithstanding the termination of the Participant’s Service, prorated to reflect the number of days from the Date of Grant through and including the date of death or Disability. For purposes of this Award
Agreement, “Disability” means (i) “Disability” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does
not define Disability: the Participant is disabled to the extent that he or she is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or
can be expected to last for a continuous period of not less than twelve (12) months, or is receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of
Dave & Buster’s Management Corporation, Inc. The determination of the Participant’s Disability shall be made in good faith by a physician reasonably acceptable to the Company. 

(b)    Termination without Cause or for Good Reason related to a Change of Control.  Upon (i) a
termination of the Participant’s Service by the Company or one of its successors or Affiliates without Cause or due to the Participant’s resignation for Good Reason (excluding termination by reason of death or Disability), in either case
prior to the Settlement Date (a “Specified Termination”) and (ii) either within ninety (90) days before or within twelve (12) months following the occurrence of a Change of Control of the Company (the
“Protected Period”), any unvested RSUs shall immediately become vested, and then any unsettled portion of the Award shall be settled in accordance with Section 2 hereof in respect of the number of unsettled RSUs notwithstanding
the termination of the Participant’s Service, prorated to reflect the number of days from the Date of Grant through and including the date of termination of Service; provided, that if a Specified Termination should occur prior to a
Change of Control of the Company, the Award shall remain outstanding for ninety (90) days following such Specified Termination in order to determine whether such Specified Termination shall have occurred during a Protected Period such that the
Award shall be eligible for settlement pursuant to this Section 3(b). For purposes of this Award Agreement, “Good Reason” means (i) “Good Reason” as defined in any employment agreement between the Participant and the
Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does not define Good Reason: Without the Participant’s consent, (A) a material reduction in the Participant’s annual base salary or
(B) a relocation of the Participant’s primary place of employment with the Company by more than fifty (50) miles from that in effect as of the Date of Grant; provided, however, that neither item (A) nor item (B) shall
constitute Good Reason unless the Participant has provided written notice to the Company within thirty (30) days of the occurrence of such event and the Company shall have failed to cure such event within thirty (30) days of receipt of
such written notice. 

  
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 (c)    Other Terminations of Service.  Upon a
termination of the Participant’s Service prior to the Settlement Date for any reason other than pursuant to Sections 3(a) or 3(b) above, the Award shall immediately terminate and be forfeited without
consideration. 
 4.    No Right to Continued Service.  The granting of the Award evidenced hereby and
this Award Agreement shall impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the Company or any Affiliate may have to terminate the Service of such
Participant. 
 5.    Shareholder Rights.  Neither the Participant nor the Participant’s
representative shall have any rights as a shareholder of the Company with respect to the RSUs until such Person receives the Shares, if any, issued upon settlement. 

6.    Non-Solicitation and
Non-Hire.  If the Participant has an employment agreement with the Company or any of its Subsidiaries that contains non-solicitation and/or non-hire covenants, the covenants are incorporated herein by reference. To the extent the Participant does not have an employment agreement containing such covenants, the following restrictive covenants shall apply:

 As a material incentive for the Company to enter into this Award Agreement, during the term of the Participant’s employment with the
Company or any of its Subsidiaries and for a period of twelve (12) months from the termination of the Participant’s employment for any reason (including, without limitation, resignation by the Participant) (the “Non-Solicitation and Non-Hire Period”) the Participant shall not, directly or indirectly, on the Participant’s own behalf or on behalf of any other person,
partnership, entity, association, or corporation, induce or attempt to influence, induce, or encourage anyone who is or, within the six (6) months prior to the date of termination was, an employee of the Company or any of its Subsidiaries at or
above the managerial level (including, without limitation, General Managers, Assistant General Managers, store departmental managers, and all higher-ranking managers) (for purposes of this Section 6, an “Employee”), client, supplier,
vendor, licensee, distributor, contractor or other business relation of the Company or any of its Subsidiaries to cease doing business with, adversely alter or interfere with its business relationship with, the Company or any of its Subsidiaries.
Further, during the Non-Solicitation and Non-Hire Period, the Participant shall not, on the Participant’s own behalf or on behalf of any other person, partnership,
entity, association, or corporation, (i) solicit or seek to hire any Employee, or in any other manner attempt directly or indirectly to influence, induce, or encourage any Employee to leave their employ (provided, however, that nothing herein
shall restrict the Participant from engaging in any general solicitation that is not specifically targeted at such persons), nor shall the Participant use or disclose to any person, partnership, entity, association, or corporation any information
concerning the names, addresses or personal telephone numbers of any Employee, (ii) without the Company’s prior written consent, hire, employ or engage as a consultant any Employee, or (iii) directly or indirectly solicit, induce, or
attempt to influence, induce, or encourage any person, partnership, entity, association, or corporation that is a client or customer of the Company or its Subsidiaries and who or which the Participant helped to schedule or conduct a special event or
corporate teambuilding while employed by the Company or its Subsidiaries to schedule or conduct a special event or corporate teambuilding through another person, partnership, entity, association, or corporation. 

  
 RSU Agreement –
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 This Section 6 shall survive exercise, termination or settlement of the RSU and
termination or satisfaction of the Award Agreement. 
 7.    Securities Laws/Legend on
Certificates.  The issuance and delivery of Shares shall comply with all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state
securities laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the
Plan is not required to be registered under any applicable securities laws, the Participant shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company which satisfies such
requirements. The certificates representing the Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such
certificates to make appropriate reference to such restrictions. 
 8.    Transferability.  Unless
otherwise provided by the Committee, the Award may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that, the designation of a beneficiary shall not constitute an assignment, alienation,
pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and
a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

9.    Withholding.  The Participant may be required to pay to the Company or any Affiliate and the
Company shall have the right and is hereby authorized to withhold any applicable withholding taxes in respect of the Award, its exercise or transfer and to take such other action as may be necessary in the opinion of the Committee to satisfy all
obligations for the payment of such withholding taxes. 
 10.    Notices.  Any notification required by
the terms of this Award Agreement shall be given in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees
prepaid. A notice shall be addressed to the Company, Attention: General Counsel, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 

11.    Entire Agreement.  This Award Agreement and the Plan constitute the entire contract between the
parties hereto with regard to the subject matter hereof and supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. 

  
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 12.    Waiver.  No waiver of any breach or condition of
this Award Agreement shall be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature. 

13.    Successors and Assigns.  The provisions of this Award Agreement shall inure to the benefit of, and
be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate, whether or not any such person shall have become
a party to this Award Agreement and have agreed in writing to be joined herein and be bound by the terms hereof. 

14.    Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a)    This Award Agreement and all claims, causes of action or proceedings (whether in contract, in tort, at law or
otherwise) that may be based upon, arise out of or relate to this Award Agreement shall be governed by the internal laws of the State of Delaware, excluding any conflicts or
choice-of-law rule or principle that might otherwise refer construction or interpretation of the Award Agreement to the substantive law of another jurisdiction. Each
party to this Award Agreement agrees that it shall bring all claims, causes of action and proceedings (whether in contract, in tort, at law or otherwise) that may be based upon, arise out of or be related to the Award Agreement exclusively in the
Delaware Court of Chancery or, in the event (but only in the event) that such court does not have subject-matter jurisdiction over such claim, cause of action or proceeding, exclusively in the United States District Court for the District of
Delaware (the “Chosen Court”) and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen Court, (ii) waives any objection to laying venue in any such proceeding in the Chosen Court, (iii) waives
any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that service of process upon such party in any such claim or cause of action shall be effective if notice is given in
accordance with this Award Agreement.
 (b)    EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY
JURY IN ANY CLAIM OR CAUSE OF ACTION (WHETHER IN CONTRACT, IN TORT, AT LAW OR OTHERWISE) INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS, HIS OR HER OBLIGATIONS HEREUNDER. 

15.    Award Subject to Plan.  By entering into this Award Agreement the Participant agrees and
acknowledges that the Participant has received and read a copy of the Plan. The Award is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a
conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Capitalized terms not otherwise defined herein shall have the same meanings as in
the Plan. 
 16.    No Guarantees Regarding Tax Treatment.  The Participant shall be responsible for
all taxes with respect to the Award. The Committee and the Company make no guarantees regarding the tax treatment of the Award. 

17.    Amendment.  The Committee may amend or alter this Award Agreement and the RSUs granted hereunder
at any time, subject to the terms of the Plan. 

  
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 18.    Signature in Counterparts.  This Award Agreement
may be signed in counterparts, manually or electronically, and each of which will be an original, with the same effect as if the signatures to each were upon the same instrument. 

19.    Electronic Signature and Delivery.  This Award Agreement may be accepted by return signature or by
electronic confirmation. Each party agrees that the electronic signatures, whether digital or encrypted, of the parties included in this Award Agreement are intended to authenticate this writing and to have the same force and effect as manual
signatures. Delivery of a copy of this Award Agreement or any other document contemplated hereby bearing an original or electronic signature by facsimile transmission (whether directly from one facsimile device to another by means of a dial-up connection or whether mediated by the worldwide web), by electronic mail in “portable document format” (“.pdf”) form, or by any other electronic means intended to preserve the original
graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original or electronic signature. 

20.    Severability.  The provisions of this Award Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

[signature page follows] 

  
 RSU Agreement –
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 IN WITNESS WHEREOF, the Company and the Participant have executed this Restricted Stock Unit
Agreement as of the date first set forth above. 
  

			
	PARTICIPANT
		
	By:	 	 
		 	 [●]

  

			
	DAVE & BUSTER’S ENTERTAINMENT, INC.

 
			
		
	By:	 	 

 
			
		
	Name:	 	 
		
	Title:	 	 

  
 RSU Agreement –
[●] 
 Page 7 of 7Exhibit 10.1

 

SEPARATION AGREEMENT AND GENERAL RELEASE

 

SEQUENTIAL BRANDS GROUP, INC. (the “Company”),
and Andrew Cooper (including your successors, assigns, estate, heirs, executors and, administrators, which shall be collectively
hereinafter referred to as “you”) understand that your employment has terminated effective as of the date set forth
on the attached Schedule “A” (the “Termination Date”), and agree to the following (the “Agreement”)
in full and final resolution of all matters between them. Reference is made to your employment agreement dated as of August 22,
2016 by and between you and the Company (the “Employment Agreement”). Capitalized terms used in this Agreement and
not otherwise defined herein shall have the meaning set forth in the Employment Agreement.

 

		1.	Notwithstanding anything to the contrary in the Employment Agreement, following receipt of this
signed Agreement and expiration of the revocation period set forth below and subject to your compliance with the terms of this
Agreement, the Company shall (a) pay you a gross severance amount of $431,250.00, minus applicable deductions and withholdings
(the “Payment”), as follows: fifty percent (50%) of the Payment payable upon expiration of the revocation period and
the remaining fifty percent (50%) of the Payment payable ninety days (90) from the expiration of the revocation period, and (b)
cause your unvested RSUs (58,334 shares) to vest as of the day of the expiration of the revocation period. In addition, you will
be eligible to receive an annual bonus for 2019 (the “2019 Bonus”) which will be pro-rated as set forth below. The
2019 Bonus will be based on a percentage of the target bonus payout amount approved for the CEO and CFO of the Company (the “Payout
Percentage”) as determined by the Compensation Committee. Your target bonus for 2019
is $718,750 and to determine your 2019 Bonus, $718,750 will be multiplied by the Payout Percentage and then pro-rated with such
pro-ration to be determined by multiplying the amount of such 2019 Bonus by a fraction, the numerator of which is the number of
days in 2019 that you were employed by the Company (January 1, 2019 through June 5, 2019) and the denominator of which is 365).
For example purposes only, if the Payout Percentage is 50% then your 2019 Bonus would be a pro-rated portion of $359,375 (pro-rated
per the prior sentence). The pro-rated 2019 Bonus (if any) shall be payable when the CEO and CFO of the Company receive their annual
bonus for 2019 (if any), currently anticipated to be in April 2020. All payments and vesting of the RSUs set forth in this paragraph
1 shall collectively be referred to as the “Severance”. You acknowledge and agree that the Severance is in lieu of
any and all payments or other consideration to which you may otherwise be entitled pursuant to the Employment Agreement and you
hereby expressly waive any and all rights in and to any other consideration upon termination as set forth in the Employment Agreement.
For the avoidance of doubt, any unvested PSUs shall be deemed forfeited as of the Termination Date. Further, you acknowledge that
as of the Termination Date you have no unvested RSUs other than the 58,334 referenced above.

 

		2.	All of your benefits coverage (which includes your dependents)
shall end as set forth on the attached Schedule A. Note that under COBRA, you have the option to extend your health care coverage
for up to eighteen months or any greater period required by state law.  To the extent that you elect under COBRA to extend
certain benefits, you shall be responsible for paying for the entire premium for such benefits directly.  Further information
regarding COBRA and the applicable forms shall be provided under separate cover.  If you have a Flexible Spending Account,
you shall have ninety (90) days from your Termination Date to claim eligible expenses incurred on or prior to your Termination
Date; provided that you may have an opportunity to elect under COBRA to continue to make contributions to your health Flexible
Spending Account through the remainder of the calendar year in which the Termination Date occurs, in which case (and provided
you made such contributions) you would be able, for a period of ninety (90) days from the end of such calendar year, to claim
eligible expenses incurred through the end of such calendar year. Regardless of whether you sign this Agreement, you will be paid
out for the number of days of accrued, unused vacation set forth on the attached Schedule A. 

 

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		3.	Your ability to contribute to the Company’s 401(k) plan will cease effective the Termination
Date. Further information and important tax information will be provided under separate cover.

 

		4.	You agree to direct all prospective employers seeking employment references to contact in writing
the Human Resources Department, or such other person as the Company may designate from time to time. When contacted in such manner,
consistent with Company policy, the Company shall only provide your dates of employment and title to such prospective employers.

 

		5.	In consideration of the Company’s agreements set forth in this Agreement, subject to paragraph
7 below, you release and forever discharge the Company and its current and former subsidiaries and affiliates, the current and
former officers, directors, agents, and employees of each of the foregoing and the successors and assigns of each of the foregoing
(which shall be collectively hereinafter referred to as the “Representatives”) from any and all causes of action, claims,
demands, damages, liabilities, liens, costs and expenses (including without limitation attorneys’ fees) (collectively, “Claims”)
of every kind and nature whatsoever, whether known or unknown, related in any way to any acts, failures to act, omissions, facts
or circumstances occurring on or prior to the date of this Agreement, including but not limited to any and all Claims (i) arising
out of or in any way related to your employment with the Company and/or the termination of such employment, including without limitation
Claims in connection with the Employment Agreement or for additional salary, bonus, incentive, commission, benefits, expenses,
vacations, back pay or front pay; (ii) in tort, including but not limited to wrongful or retaliatory discharge in violation of
public policy, emotional distress, slander, defamation, and interference with contractual relations; (iii) in contract, whether
express or implied; (iv) under any Company policy, procedure, benefit plan or other agreement; or (v) under any and all federal,
state or local laws or ordinances, including but not limited to Title VII of the Civil Rights Act of 1964, Title IX of the Education
Amendments of 1972, the Americans with Disabilities Act, the Age Discrimination in Employment Act of 1967 (“ADEA”),
the Employee Retirement Income Security Act (excluding those involving vested benefits in the Company’s 401(k) plan), the
Federal Family and Medical Leave Act, the Sarbanes-Oxley Act, the New York State Human Rights Law, the New York Labor Law, the
New York City Human Rights Law, the New Jersey Law Against Discrimination, the New Jersey Conscientious Employee Protection Act,
the California Labor Code, the California Fair Employment Practices Act, the California Unruh Civil Rights Act, the Illinois Human
Rights Act, the Illinois Wage Payment and Collection Law, the Illinois Equal Wage Act and the Illinois Minimum Wage Law, for harassment
or discrimination on the basis of any protected classification, whistle blowing, or retaliation of any kind; or any other cause
of action. You represent and warrant that you are the sole and lawful owner of all right, title and interest in and to every Claim
and other matter that you are releasing hereby and that no other party has received any assignment or other right of substitution
or subrogation to any such Claim or matter. You also represent that you have the full power and authority to execute this Agreement
on behalf of yourself and the other parties that may be included in the definition of “you” above. However, notwithstanding
the foregoing, you are not releasing, and for the avoidance of doubt Claims do not include, your rights, if any (i) to indemnification
by the Company or any of its affiliates, to the maximum extent permitted by law, for all Claims or proceedings, or threatened Claims
or proceedings, arising out of or relating to your service as an officer, director or employee, as the case may be, of the Company
or any of its subsidiaries, (ii) to payment of any authorized but unreimbursed business expenses incurred prior to the termination
of my employment with the Company or any of its subsidiaries in accordance with Section 4(e) of the Employment Agreement, (iii)
under any employee pension or welfare plan or program in which you participate or participated, and (iv) to be indemnified pursuant
to Section 8 of the Employment Agreement or pursuant to any other agreements to which you may be entitled to indemnification.

 

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		6.	You are not waiving any rights you may have to: (a) your own vested accrued employee benefits under
the Company’s health, welfare, or retirement benefit plans as of the Termination Date; (b) benefits and/or the right to seek
benefits under applicable workers’ compensation and/or unemployment compensation statutes; (c) pursue claims which by law
cannot be waived by signing this Agreement including but not limited to unwaivable rights you may have under the California Labor
Code (to the extent applicable); (d) enforce this Agreement; and/or (e) challenge the validity of this Agreement.

 

Nothing in this Agreement prohibits
or prevents you 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. However, to the maximum extent permitted by law, you agree that if such an administrative
claim is made to such an anti-discrimination agency, you shall not be entitled to recover any individual monetary relief or other
individual remedies.  

 

In addition, nothing in
this Agreement, including but not  limited to the release of Claims nor the confidentiality and non-disparagement
clauses, prohibits you from: (1) 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; (2) making any other disclosures that are protected
under the whistleblower provisions of federal law or regulations; or (3) 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 or from receiving individual monetary awards or other individual relief by virtue of participating
in such federal whistleblower programs.

 

		7.	You understand, subject to the narrow limitations in paragraph 6 above, and agree that this Agreement
extinguishes all Claims you may have against the Company and its Representatives, whether such Claim is currently known or unknown,
vested or contingent, foreseen or unforeseen. You understand that if any fact concerning any matter covered by this Agreement is
found hereafter to be other than or different from the facts you now believe to be true, you expressly accept and assume that this
Agreement shall be and remain effective, notwithstanding such difference in the facts.

 

		8.	You affirm, by signing this Agreement, that no Claims against the Company or its Representatives
are currently pending regarding any issues relating to or arising out of your employment or the termination thereof (including,
without limitation, any workers’ compensation claims), and agree not to file any such actions in court against the Company
in any court, except for any action which may be necessary to enforce the terms of this Agreement or a challenge to the validity
of the waiver under the ADEA. You further affirm that you have been paid and/or have received all compensation, wages, bonuses,
commissions, and/or benefits to which you may be entitled. You also affirm that you have been granted any leave to which you were
entitled under the Family and Medical Leave Act or related state or local leave or disability accommodation laws. You further affirm
that you have no known workplace injuries or occupational diseases and that you have not been retaliated against for reporting
any allegations of wrongdoing by the Company or its officers, including any allegations of corporate fraud.

 

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		9.	In exchange for the consideration provided for in this Agreement, the Company, its parents, subsidiaries,
affiliates, directors, shareholders, officers, representatives, agents, successors and assigns, irrevocably and unconditionally
releases you of and from all claims, demands, causes of actions, fees and liabilities of any kind whatsoever, which they had, now
have or may have against you, as of the date of this Agreement, by reason of any actual or alleged act, omission, transaction,
practice, conduct, statement, occurrence, or any other matter, within the reasonable scope of your employment. This release does
not include any willful acts of misconduct or fraud which the Company may not have knowledge of as of the date of this Agreement.
The Company represents that, as of the date of this Agreement, there are no known claims relating to you. For the avoidance of
doubt, the covenants in Sections 6 and 7 of the Employment Agreement shall continue in effect in accordance with their terms.

 

		10.	Section 7(d) of the Employment Agreement is hereby incorporated by reference. To the extent of
any conflict or inconsistency between the provisions of this paragraph 9 and Section 7(d) of the Employment Agreement, Section
7(d) of the Employment Agreement shall govern. You agree that you shall immediately turn over to the Company any property, material,
documents and/or equipment furnished to and/or maintained by you, in whatever form of media (including in printed form or stored
magnetically, optically or electronically) in connection with your employment with the Company (including but not limited to books,
laptop computer, cell phone, personal digital assistant, identification card, product, merchandise, catalogs, samples, employee
handbook, customer records, price lists, accounts receivable and accounts payable records, computer records and printouts, supplier
records, data analysis and any and all Company-related records on your home computers, cell phones and personal digital assistants)
unless the Company otherwise agrees in writing to allow you to retain any such property, material, documents and/or equipment.
You shall promptly submit to the Company a reimbursement request, with appropriate supporting documentation, for any outstanding
expenses that may be reimbursable under the Company’s regular policy. You shall promptly pay any expenses that you incurred
with respect to which the Company could be liable (e.g., expenses incurred on the Company’s corporate credit card); if those
expenses were properly incurred in connection with the Company’s business, you shall submit those expenses with appropriate
supporting documentation to the Company and the Company shall reimburse you therefor.

 

		11.	You agree that you will not disclose or use for any purpose any trade secrets or proprietary or confidential information about
the Company or its Representatives, whether or not marked as being confidential and irrespective of the form of communication,
including oral as well as written and electronic communication, acquired by you during your employment. As used in this Agreement,
 “confidential information” shall, without limitation, include:

 

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		a.	Information relating to the Company’s or any of its subsidiaries’ or affiliates’
business, products, markets, condition (financial or other), operations, assets, liabilities, results of operations, cash flows,
earnings, assets, debts, prices, pricing structure, volume of sales, prospects of the Company, royalty rates, terms of license
agreements, or other financial data;

 

		b.	Supply and service information, such as the names and addresses of suppliers of goods and services,
terms of supply or service or of particular transactions, related information about potential suppliers to the extent that such
information is not generally known to the public, and to the extent that the combination of suppliers or use of a particular supplier
though generally known or available, yields advantages to the Company, the details of which are not generally known;

 

		c.	Marketing and pricing information, such as details about ongoing or proposed marketing programs,
agreements by or on behalf of the Company, sales forecasts, results of marketing efforts, and information about impending transactions;

 

		d.	Customer information, such as any compilation of past, or existing or prospective retail or wholesale
customers’ names, addresses or backgrounds, records of purchases and prices, proposals or agreements between customers and
the Company (or its affiliates), status of customers’ accounts or credit, or related information about actual or prospective
customers; or

 

		e.	Notes, analyses, compilations, studies, forecasts, interpretations or other documents relating
to the foregoing in this paragraph 10 (a) – (d).

 

		12.	You acknowledge that any agreement addressing Work for Hire, Confidentiality and Non-Disclosure
and/or Non-Solicitation that you signed upon accepting or during employment with the Company or its subsidiaries is hereby incorporated
by reference and you hereby reaffirm your obligations as set forth in such agreement. Specifically, reference is made to Sections
6 and 7 of the Employment Agreement, each of which are incorporated by reference into this Agreement and are a part of this Agreement.
If, at any time, the provisions of this paragraph shall be determined to be invalid or unenforceable, by reason of being vague
or unreasonable as to area, duration or scope of activity, this paragraph shall be considered divisible and shall become and be
immediately amended to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by
the court or other body having jurisdiction over the matter; and you agree that this paragraph as so amended shall be valid and
binding as though any invalid or unenforceable provision had not been included herein. For purposes of this paragraph 11, the defined
term “Company” shall include the Company’s subsidiaries and affiliates.

 

		13.	You agree to keep the existence and terms of this Agreement confidential. Accordingly, you shall
not disclose such information to any person or entity, including but not limited to, current, former or future employees of the
Company. This confidentiality requirement, however, shall not prohibit you from: (a) disclosure to your spouse or partner, attorney,
tax agencies, or as otherwise required by law; (b) disclosing the confidentiality and non-interference provisions of this Agreement
to any prospective or actual employer or anyone acting as your agent or on your behalf; (c) disclosing the existence or terms of
this Agreement to a government agency; or (d) disclosing any terms that have been otherwise disclosed by the Company in a filing
with the SEC.

 

    	 	 	5

     

    

 

		14.	In addition, you agree for a period of 2 years following the Termination Date, that you will not,
in any way defame or maliciously disparage the Company or any Representative or make or solicit any comments, statements or the
like, to the media, to current, future or former employees or to others, that may be considered to be derogatory or detrimental
to the good name or business reputation of the Company or any Representative. You understand that any unauthorized disclosure or
disparagement by you or by anyone to whom you disclose such information will be considered a breach of this Agreement. This restriction
shall not apply to any good faith communications with government agencies. The Company agrees for a period of 2 years following
the Termination Date that it will not, in any way defame or maliciously disparage you or make or solicit any comments, statements
or the like, to the media, to current, future or former employers of yours or to others, that may be considered to be derogatory
or detrimental to your good name or your business reputation. This restriction shall not apply to any good faith communications
with government agencies.

 

		15.	You agree to reasonably cooperate with the Company, together and all of their respective past and
present subsidiaries, affiliates, predecessors, successors and assigns, their legal counsel and designees regarding any current
or future Claim, investigation (internal or otherwise), inquiry or litigation relating to this matter with which you were involved
or had knowledge or which occurred during your employment, with such assistance including, but not limited to, meetings and other
consultations, signing affidavits and documents that are factually accurate, attending depositions and providing truthful testimony
(in each case, without requiring a subpoena); provided, however, that the Company will reimburse you for your reasonable
expenses (including attorneys’ fees and travel expenses) actually incurred by you in connection with such cooperation (it
being understood that if any such expenses are expected to exceed $5,000, you shall inform the Company prior to incurring such
expenses to provide the Company with an opportunity to either agree to reimburse you for such expenses or advise you not to provide
such cooperation necessitating the incurrence of such expenses).

 

		16.	You agree to notify the Company within a reasonable period of time should you learn of a subpoena
or other court order requiring my participating in any legal proceeding relating to or stemming from your employment with the Company.
 “Reasonable period of time” means sufficiently in advance of the date on which you must respond to such subpoena or
other court order so that the Company can intervene to challenge or quash such subpoena or other court order.

  

		17.	Section 7(e) of the Employment Agreement is hereby incorporated by reference. You understand that
if you should violate any provision of this Agreement, the Company may take legal action to enforce the Agreement and may be entitled
to any and all other equitable and legal remedies which may be available to it including monetary damages. You acknowledge that
your compliance with paragraphs 9 through 13 of this Agreement is necessary to protect the business and goodwill of the Company,
and that a breach will result in irreparable and continuing damage to the Company, for which money damages may not provide adequate
relief. Consequently, you agree that, in the event you breach, or threaten, or attempt to breach these provisions of the Agreement,
the Company shall be entitled to seek temporary restraining orders and preliminary or permanent injunctions in order to prevent
the occurrence of continuation of such harm and money damages insofar as they can be determined, and you further agree that in
connection with any such request for relief by the Company, the Company shall not be required to prove that the Company’s
remedies at law are inadequate and the Company shall not be required to post any bond or other security, unless required by law.
You acknowledge that these provisions are reasonably and properly required for the protection of the Company.

 

    	 	 	6

     

    

 

		18.	The parties acknowledge that this Agreement is not an admission on either of their parts. Accordingly,
this Agreement may not be admissible in any forum as an admission of any kind; provided that this sentence shall not prohibit either
party from admitting into evidence the terms of this Agreement for the sole purpose of enforcing such terms. The parties further
agree that questions regarding the interpretation of the language of the Agreement shall not be presumptively interpreted against
the drafter as the Agreement is a product of negotiations between the parties.

 

		19.	You acknowledge and understand that:

 

		a.	the above-referenced consideration is the total payment you will receive from the Company in return
for signing this Agreement and exceeds that to which you would otherwise be entitled;

 

		b.	you shall no longer be considered an employee of the Company after the Termination Date, and therefore,
that the benefits of employment, other than those specifically referenced in this Agreement, will not be available after such date;

 

		c.	you are not entitled to any additional payments under the Company’s policies, benefit or
commission plans, or any expressed or implied agreement with the Company other than as set forth in this Agreement;

 

		d.	it is in exchange for the good and sufficient consideration provided in this Agreement that you
agree to the provisions herein; and

 

		e.	you have received and agree to Schedule A attached hereto.

 

		20.	You acknowledge that you have the right, and have been advised by the Company, to consult with
an attorney, and that you have done so to the extent you desired prior to executing this Agreement. You understand that you are
entitled to fully consider this Agreement for a period of up to forty-five (45) days. In the event you sign the Agreement prior
to the expiration of the time to consider this Agreement, the remaining time shall be waived. Further, this Agreement shall not
become effective or enforceable, nor shall any consideration be paid, until after both parties have signed it and eight days have
elapsed from you executing it, providing you have not revoked your Agreement in writing before that date as you may revoke this
Agreement for up to seven (7) days following its execution by sending written notice to the attention of Liz Nissen at the Company
and personally delivering it or postmarking it prior to the end of such seven (7) day period.

 

		21.	Should any provision of this Agreement be held to be illegal, void or unenforceable, such provision
shall be of no force and effect. However, the illegality or unenforceability of any such provision shall have no effect upon, and
shall not impair the enforceability of, any other provision of this Agreement.

 

    	 	 	7

     

    

 

		22.	This Agreement contains the complete understanding between the Company and you related to the subject
matter hereto, and supersedes all prior agreements and understandings between the Company and you related to the subject matter
of this Agreement. Each party agrees that it is not relying on any representations, whether written or oral, not set forth in this
Agreement, in determining to execute this Agreement. This Agreement may not be modified, changed or altered by any oral promise
or statement, nor shall any written modification of this Agreement be binding on the Company until such modification is approved
in writing by an officer of the Company. In signing this Agreement, the parties are not relying on any fact, statement or assumption
not set forth in this Agreement.

 

		23.	Except as specifically modified by the terms of this Agreement, the terms and conditions of the
Employment Agreement regarding post-employment obligations of the Executive remain in full force and effect.

 

		24.	You may not assign any of your rights or obligations under this Agreement without obtaining the
express written consent of the Company. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit
of each party’s respective successors and permitted assigns. This Agreement is made under, and shall be governed by and construed
under, the laws of the State of New York, without reference to principles of choice of law that might call for application of the
substantive law of another jurisdiction. The federal and state courts located in New York County, New York, shall have sole and
exclusive jurisdiction over any dispute arising out of or relating to this Agreement, and each party hereby expressly consents
to the jurisdiction of such courts and waives any objection (whether on grounds of venue, residence, domicile, inconvenience of
forum or otherwise), to such a proceeding brought before such a court.

 

 

    	 	 	8

     

    

 

By signing below, the Company and you
indicate that they have carefully read and understood the terms of this Agreement and the attached Schedules, enter into this Agreement
knowingly, voluntarily and of their own free will, understand its terms and significance and intend to abide by its provisions
without exception.

 

 

	SEQUENTIAL BRANDS GROUP, INC.	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By: 	 	 	 	 
	 	Peter Lops	 	Date	 
	 	Chief Financial Officer	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	Andrew Cooper 	 	Date	 

 

 

    	 	 	9

     

    

 

Schedule A

 

 

 

Name: Andrew Cooper

 

Termination Date: June 5, 2019

 

 

Consideration subject to your compliance with the Agreement:

 

Payments specified in paragraph 1, less applicable withholdings

 

 

Benefits:

 

Last day of benefits coverage:

 

Medical, Dental, Vision – June 30, 2019

401k – Termination Date – June 5, 2019

 

Note: Certain benefits such as health insurance may be continued
at your own expense pursuant to COBRA and state law. 

 

 

By signing this Agreement, I confirm that I have zero (0)
accrued but unused vacation days.

  

 

	 	 	 	 
	 	 	 	 
	 	 	 	 
	Signature 	 	Date	 

 

 

    	 	 	10

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