Document:

Exhibit 10.4

 

AMENDMENT

TO

AMENDED
AND RESTATED

TECHNOLOGY LICENSE AND DEVELOPMENT AGREEMENT

 

THIS
AMENDMENT TO AMENDED AND RESTATED TECHNOLOGY LICENSE AND DEVELOPMENT AGREEMENT is entered into on July 1, 2013 by and
between Nextelligence, Inc., a Delaware corporation (“Nextelligence”), and FreeCast, Inc., a Florida
corporation (the “Company”).

 

RECITALS:

 

A.          Nextelligence
and the Company previously entered into a Technology License and Development Agreement dated as of June 30, 2011 (the “Original
Agreement”).

 

B.          Nextelligence
and the Company previously entered into an Amended and Restated Technology License and Development Agreement dated as of October
19, 2012 (the “Amended and Restated Agreement”).

 

C.          Each
of Nextelligence and the Company desires to make certain modifications to the Original Agreement and the Amended and Restated Agreement
as are set forth in this Amendment to Amended and Restated Technology License and Development Agreement (the “Amendment”).

 

D.          Each
of Nextelligence and the Company desires to continue their relationship pursuant to the provisions of the Amended and Restated
Agreement, as modified by the provisions of this Amendment.

 

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

 

1.           Definitions.
All capitalized terms utilized in this Amendment which are not defined herein shall have the respective meanings set forth in the
Amended and Restated Agreement.

 

2.           Interest.
A new Section 4.1(d) is added to both the Original Agreement and the Amended and Restated Agreement:

 

“(d)        If
the Company fails to make any payment to Nextelligence when due pursuant to the provisions of this Agreement, then simple interest
shall accrue on such amount from the date due to the date of payment in full at the rate of Twelve Percent (12%) per annum. Simple
interest shall accrue on the Indebtedness from the date due to the date of payment in full at the rate of Twelve Percent (12%)
per annum.”

 

    	 

    	 

    

 

3.           Term.
Section 7.1of the Amended and Restated Agreement is deleted in its entirety and the following Section 7.1 is inserted in its place:

 

“7.1          Term.
The term of this Agreement shall commence on January 1, 2013 and shall continue in effect for a period of twenty and one-half (20.5)
years through and including June 30, 2033 (the “Term”). Notwithstanding the provisions of the immediately preceding
sentence, certain provisions of this Agreement may be terminated early by Nextelligence in accordance with the provisions of Section
7.4.”

 

4.           Effectiveness.
The provisions of Section 2 above shall be effective for all purposes as of and from and after June 30, 2011 as if it had been
included in the Original Agreement on that date. The provisions of Sections 2 and 3 above shall be effective for all purposes as
of and from and after October 19, 2012 as if they had been included in the Amended and Restated Agreement on that date.

 

6.           Conflict.
If and to the extent that a conflict may arise or exist between any provision of this Amendment and any provision of the Amended
and Restated Agreement, to the fullest extent permitted by applicable law, the provision of this Amendment shall be controlling,
and shall take precedence over, the provision of the Amended and Restated Agreement.

 

7.           Governing
Law. This Amendment 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.

 

8.           Entire
Agreement. This Amendment 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. This Amendment may not be amended or modified in any manner, except by a written instrument
executed by each of the parties.

 

9.           Benefits;
Binding Effect. This Amendment 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.

 

10.         Headings.
The headings contained in this Amendment 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.          Counterparts.
This Amendment 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.

 

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

	 	 	 	 	 	 
	FreeCast, Inc.	 	 
	 	 	 	 
	By:	 		 	 	
	 	 	Marjorie Lieberman,	 	 	William A. Mobley, Jr.
	 	 	Secretary	 	 	 

 

    	3Exhibit 10.5

 

EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT is entered into as of July 1, 2013 by and between FreeCast, Inc., a Florida corporation
(the “Company”), and William A. Mobley, Jr., an individual (the “Executive”).

 

RECITALS:

 

A.          The
Executive served as the Chief Executive Officer of the Company since its inception.

 

B.          The
Company desires to employ the Executive, and the Executive desires to be employed by the Company, pursuant to the provisions of
this 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:

 

“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.

 

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

 

“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.

 

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

 

“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, who is mutually agreeable to the Company and the Executive, 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.

 

“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.

 

“Protracted Disability”
means any Disability which prevents the Executive from reasonably discharging his duties and responsibilities as an officer of
the Company for a period of three consecutive months.

 

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“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.

 

ARTICLE II

Employment

 

2.1          Employment.

 

(a)          The
Company employs the Executive and the Executive accepts such employment. Subject to the direction of the Board of Directors, the
Executive shall serve as the Chief Executive 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 are inherent
in, or incident to, such office.

 

(b)          The
Executive shall devote such time and attention as he shall determine in his sole and absolute discretion and his best efforts
to the diligent, professional and ethical performance of his duties as an employee and officer of the Company; provided, however,
that it is understood and agreed that the Executive serves as a director and/or officer of other entities, including without
limitation Nextelligence, Inc. and its Affiliates, and will be devoting time and attention to the respective businesses and affairs
of those entities.

 

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 five years, commencing on July 1, 2013
and continuing through June 30, 2018 (the “Term”). Notwithstanding the provisions of the immediately preceding sentence,
the Executive’s employment by the Company may be terminated prior to the expiration of the Term in accordance with the provisions
of Article VII below.

 

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3.2          Extension
of Term. The Term may be extended for successive periods of one year each by the mutual written agreement of the Company
and the Executive. Notwithstanding the provisions of the immediately preceding sentence, the Executive’s employment by the
Company may be terminated prior to the expiration of the Term 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, 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 Two Hundred
Thousand Dollars ($200,000.00) 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.

 

ARTICLE V

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.

 

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          Health
Insurance. The Company shall provide health insurance to the Executive and his family.

 

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6.4          Automobile.
The Company shall pay, or reimburse the Executive for, all automobile expenses incurred by the Executive. Such payment or
reimbursement shall include without limitation all costs of purchasing or leasing an automobile, all costs of operating such automobile,
all costs for maintenance of such automobile and all costs of insurance of such automobile.

 

6.5          Stock
Options. The Executive may participate in any stock option plan of the Company as may from time to time be in effect and
to receive such incentive or other stock options as may from time to time be granted to him thereunder; provided, however,
that nothing contained in this Section 6.5 shall be construed to obligate the Company to implement any stock option
plan or to obligate the Company, its Board of Directors or any committee of its Board of Directors to grant any incentive or other
stock option whatsoever generally or to the Executive specifically.

 

6.6          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 hereof and (ii) may be terminated at any time by the Company pursuant to the provisions
of Sections 7.3 or 7.4 hereof.

 

(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’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 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. 

 

(a)          If
during the Term the Executive shall suffer any Disability, then the Company shall continue to pay to the Executive or his legal
representative, as the case may be, 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) from the date that the Executive shall first suffer any such Disability to the
date that the Executive’s employment by the Company shall be terminated pursuant to any of the provisions of this Agreement.

 

(b)          If
during the Term the Executive shall suffer any Protracted 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. 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.

 

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.

 

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(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;

 

(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.

 

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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.

 

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.

 

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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.

 

(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).

 

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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.

 

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.

 

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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.

 

(a)          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 or him as a result of the other party’s breach or
violation of any or all of the provisions of this Agreement.

 

(b)          Without
limiting the generality of the provisions of Section 10.2(a) above, if the Company fails to make any payment to the Executive when
due pursuant to the provisions of this Agreement, then simple interest shall accrue on such amount from the date due to the date
of payment in full at the rate of Twelve Percent (12%) per annum.

 

(c)          Without
limiting the generality of the provisions of Section 10.2 above, if any litigation shall arise between the Company and the Executive
based, in whole or in part, upon this Agreement or any or all of the provisions contained herein, then, in any such event, the
prevailing party in any such litigation shall be entitled to recover from the non-prevailing party, and shall be awarded by a court
of competent jurisdiction, all reasonable fees and disbursements of trial and appellate counsel paid, incurred or suffered by such
prevailing party as the result of, arising from, or in connection with, any such litigation.

 

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.

 

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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.

 

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:	ForeCast, Inc.
	 	5850 TG Lee Boulevard
	 	Suite 310
	 	Orlando, Florida 32822
	 	Attention: Secretary
	 	 
	If to the Executive:	William A. Mobley, Jr.
	 	5850 TG Lee Boulevard
	 	Suite 310
	 	Orlando, Florida 32822

 

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. 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 and their
respective heirs, personal representatives, executors, legal representatives, successors and assigns.

 

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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.

 

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.

 

[Intentionally Left Blank]

 

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

 

FreeCast,
Inc. 

	 	 	 	 	 
	By:		 	
	 	 	Marjorie Lieberman,

Secretary	 	William A. Mobley, Jr.

 

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