Document:

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”) effective as of the 1st day of October, 2013 by and among Loton, Corp., a company
organized and operating under the laws of Nevada (the “Company”) and Barry Regenstein (the “Employee”).

 

BACKGROUND

 

WHEREAS, the
parties are entering into this Agreement in order to set forth the terms and conditions of the Employee’s services to the
Company which will become effective on the date hereof (the “Effective Date”); and

 

WHEREAS, in
light of the Employee’s experience and knowledge regarding the Company’s and industry-related matters, the Company
wishes to retain the services of the Employee on the terms and conditions set forth herein and the Employee has agreed to be employed
on such terms and conditions.

 

NOW, THEREFORE,
in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

		1.	Employment Period. The Company shall hire the Employee pursuant to the terms of this Agreement,
and the Employee shall perform services as an employee of Company under this Agreement, for a term of two (2) months (the “Initial
Term”), commencing on the Effective Date. Such Initial Term shall be renewed automatically for additional successive
one (1)-month terms thereafter; provided that, notwithstanding the foregoing, the Company or the Employee may terminate
this Agreement at any time and for any reason (or no reason).  The period of time between the Effective Date and the termination
of the Employee’s service relationship with the Company hereunder shall be referred to herein as the “Employment
Period.”

 

		2.	Services. During the Employment Period, the Employee shall perform services for (i) Company
as Interim Chief Financial Officer. Employee shall have the normal duties, responsibilities and authority of a Chief Financial
Officer of a public company of comparable size, subject to the power of the Board of Directors (the “Board”)
to expand or limit such duties and responsibilities. The Employee may perform services under this Agreement at such times and in
such manner as reasonably requested by the Board from time to time. During the Employment Period, the Employee will devote sufficient
commercial business time, energy and efforts to his obligations hereunder and to the affairs of the Company.

 

		3.	Compensation.

 

		(a)	Base Compensation. During the Employment Period, the Employee shall be entitled to a salary
of $25,000 per month.

 

		(b)	Expenses. Upon presentation of appropriate documentation, the Employee shall be reimbursed,
in accordance with Company’s expense reimbursement policy, for all reasonable business expenses incurred in connection with
the Employee’s performance under this Agreement. The Employee shall submit a request for reimbursement as soon as practicable
after each occasion for which reimbursement is requested together with receipts or other documentation substantiating each expense.

 

    	 

    	 

    

 

		(c)	Bonus. The Employee shall receive a discretionary bonus payable by the Company on such terms as to be agreed by the
Company and the Employee.

 

		4.	Restrictive Covenants.

 

		(a)	Proprietary Information. In performing under this Agreement, the Employee may acquire, receive,
observe or generate, alone or jointly with others, information and/or material either that is confidential or proprietary information
of the Company or its affiliates, or that is confidential or proprietary information of a third party in relation to which the
Company is under an obligation of confidentiality (“Proprietary Information”). Proprietary Information includes
all information that has or could have commercial value or other utility to the Company. Proprietary Information also includes
all information of which the unauthorized disclosure could be detrimental to the interests of the Company, whether or not such
information is identified as Proprietary Information by the Company. The Employee agrees not to disclose any Proprietary Information,
including without limitation, Proprietary Information generated hereunder, to any third party or to use any Proprietary Information
for any purpose other than performance under this Agreement.

 

		(b)	Noncompetition. The Employee acknowledges that the services provided by Employee under this
Agreement are of a unique nature and are irreplaceable, and that the Employee’s performance of such services to a competing
business may result in irreparable harm to the Company. Accordingly, during the Employment Period, the Employee agrees not to,
in any locale of any country in which the Company conduct business, (i) acquire, finance, own any interest in, manage, control,
participate in, consult with, render services for, operate or in any manner engage in a business which is substantially the same
as, or competitive with, a the Company or (ii) call upon, solicit, advise or otherwise do, or attempt to do, business with any
clients, suppliers, customers or accounts of the Company in order to compete with the Company.

 

		(c)	Nonsolicitation; Noninterference. During the Employment Period and for a period of one (1)
year thereafter, the Employee agrees that the Employee shall not, except in the furtherance of the Employee’s performance
of services under this Agreement, directly or indirectly, individually or on behalf of any other person, firm, corporation or other
entity, (i) solicit, aid or induce any customer of the Company or any of their subsidiaries or affiliates to purchase goods or
services then sold by the Company or any of its subsidiaries or affiliates from another person, firm, corporation or other entity
or assist or aid any other person or entity in identifying or soliciting any such customer, (ii) solicit, aid or induce any employee,
representative or agent of the Company’s or any of its subsidiaries or affiliates to leave such employment or retention or
to accept employment with or render services to or with any other person, firm, corporation or other entity unaffiliated with the
Company, or take any action to materially assist or aid any other person, firm, corporation or other entity in identifying, soliciting
any such employee, representative or agent, or (iii) interfere, or aid or induce any other person or entity in interfering, with
the relationship between the Company or any of its subsidiaries or affiliates and any of their respective vendors, joint venturers
or licensors.

 

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		(d)	Nondisparagement. Neither the Company nor the Employee shall make negative comments or otherwise
disparage the other or their affiliates or its or their officers, directors, employees, shareholders, agents or products, in any
manner likely to be harmful to them or their business, business reputation or personal reputation. The foregoing shall not be violated
by truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral
proceedings (including, without limitation, depositions in connection with such proceedings).

 

		(e)	Enforcement. If it is determined by a court of competent jurisdiction in any state that
any restriction in this Section 4 is excessive in duration or scope or is unreasonable or unenforceable under the laws of
that state, it is the intention of the parties that such restriction may be modified or amended by the court to render it enforceable
to the maximum extent permitted by the laws of that state. In the event of any violation of the provisions of this Section 4,
the Employee acknowledges and agrees that the post-termination restrictions contained in this Section 4 shall be extended
by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the
applicable post-termination restriction period shall be tolled during any period of such violation.

 

		(f)	Remedies. The Employee acknowledges and agrees that the Company’s remedies at law
for a breach or threatened breach of any of the provisions of this Section 4 would be inadequate and, in recognition of
this fact, the Employee agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the
Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, a temporary
restraining order, a temporary or permanent injunction or any other equitable remedy which may then be available.

 

		5.	Employee Representations. The Employee hereby represents and warrants to the Company that
the execution, delivery and performance of this Agreement by the Employee does not conflict with, breach, violate or cause a default
under (i) any agreement, contract or instrument to which the Employee is a party, including, but not limited to, any employment,
consulting, noncompetition, nonsolicitation, confidentiality or similar agreement or arrangement, or (ii) any judgment, order or
decree to which the Employee is subject. The Employee acknowledges and understands that the Company
has relied on the foregoing representations in entering into this Agreement.

 

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		6.	Assignment. This Agreement is personal to each of the parties hereto. Except as provided
in this Section 6, no party may assign or delegate any rights or obligations hereunder without first obtaining the written
consent of the other part (ies) hereto. The Company may assign this Agreement to any successor to all or substantially all of the
business and/or assets of the Company, respectively or any subsidiary or affiliate of the Company.

 

		7.	Notices. For purposes of this Agreement, notices and all other communications provided for
in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery, if delivered by
hand, (b) on the date of transmission, if delivered by confirmed facsimile or electronic mail, (c) on the first business day following
the date of deposit, if delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the date
delivered or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

 

	
        If to the Employee:

         

        Barry Regenstein

         

        If to the Company:

         

        Loton, Corp.

        4751 Wilshire Boulevard, Third Floor

        Los Angeles, CA 90010

        310-601-2500

        Attention: Chief Executive Officer

 

or to such other address as either party may have
furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon
receipt.

 

		8.	Withholding. The Company may withhold from any and all amounts payable under this Agreement
or otherwise such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

		9.	Severability. To the extent that any provision of this Agreement shall be invalid or unenforceable,
it shall be considered deleted herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall
continue in full force and effect.

 

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		10.	Governing Law; Jurisdiction. This Agreement, the rights and obligations of the parties hereto,
and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State of Delaware
(without regard to its choice of law provisions). Each of the parties agrees that any dispute between the parties shall be resolved
only in the courts of the State of California or the United States District Court for the Central District of California and the
appellate courts having jurisdiction of appeals in such courts. In that context, and without limiting the generality of the foregoing,
each of the parties hereto irrevocably and unconditionally (a) submits in any proceeding relating to this Agreement or the Employee’s
services to the Company or any affiliate, or for the recognition and enforcement of any judgment in respect thereof (a “Proceeding”),
to the exclusive jurisdiction of the courts of the State of California, the court of the United States of America for the Central
District of California, and appellate courts having jurisdiction of appeals from any of the foregoing, and agrees that all claims
in respect of any such Proceeding shall be heard and determined in such State court or, to the extent permitted by law, in such
federal court, (b) consents that any such Proceeding may and shall be brought in such courts and waives any objection that the
Employee, or the Company may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that
such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same, (c) waives all right to trial by
jury in any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the Employee’s
services to the Company or any affiliate of the Company, or the Employee’s, the Company’s performance under, or the
enforcement of, this Agreement, (d) agrees that service of process in any such Proceeding may be effected by mailing a copy of
such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at the
Employee’s or the Company’s address as provided in Section 8 hereof, and (e) agrees that nothing in this Agreement
shall affect the right to effect service of process in any other manner permitted by the laws of the State of Delaware.

 

		11.	Survival. The provisions of Sections 4, 5, 6, 7, 8, 9, 10, 11, 12, 13 and 15 hereof
shall survive any termination of the Employment Period or this Agreement.

 

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

 

		13.	Section 409A Compliance. The intent of the parties is that payments and benefits under this
Agreement comply with, or be exempt from, Section 409A and the regulations and guidance promulgated thereunder and, accordingly,
to the maximum extent permitted, this Agreement will be interpreted to be in compliance therewith

 

		14.	Miscellaneous. No provision of this Agreement may be modified, waived or discharged without
the prior written consent of the Employee and the Company. No waiver by either party hereto at any time of any breach by the other
party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be
deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. This Agreement
represents the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersedes
any and all other agreements, verbal or otherwise, between the parties hereto concerning such subject matter.

 

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IN WITNESS WHEREOF,
the parties have executed this Employment Agreement on the Effective Date.

 

 

	 	
        LOTON, CORP.

         

        By:/s/ Robert Ellin                   

         

        Name:Robert Ellin                    

         

        Title: Chief Executive
        Officer           

         

         

	 	
        EMPLOYEE

         

        /s/ Barry Regenstein                    

        Barry RegensteinADVISORY BOARD CONSULTING AGREEMENT

 

THIS CONSULTING
AGREEMENT (“Agreement”) is made and entered into as of the 1st day of October, 2013 (“Effective Date”),
by and between Barry Regenstein (“Consultant”) and Loton, Corp., a Nevada corporation (“Company”).

 

In consideration of the
mutual promises and agreements contained herein, the parties hereto hereby agree as follows:

 

Section 1.            Advisory
Board Consulting Services. During the term of this Agreement, Consultant shall be a member of and serve on the Company’s
Advisory Board. The Company may, from time to time, request Consultant to advise management of the Company with respect to various
aspects of the Company’s business. Consultant agrees to provide such advisory services to the Company; provided that, it
does not conflict with any of Consultant’s other business commitments.

 

Section 2.            Term
and Termination. This Agreement shall become effective on the date first written above and shall continue in full force and
effect for one (1) year or until sooner terminated by either party, with or without cause, and with or without the giving of any
reasons, by giving written notice thereof to the other party at least ten (10) calendar days before the termination is to be effective.
Each party hereto acknowledges and agrees that neither party has made any representations or warranties (expressed or implied)
to keep this Agreement in effect for any specified or minimum period of time.

 

Section 3.             Compensation
and Expenses. The Company will provide Consultant with the following compensation and expense reimbursement during the term
of this Agreement:

 

3.1         Stock Grant.
Consultant shall receive a grant of 100,000 shares of the Company’s restricted common stock (“Stock Grant”),
which shall vest on the date that is one year after the date of this Agreement and be subject to a lock-up of one (1) year from
the date of vesting. The Stock Grant will be evidenced by and subject to the terms and conditions of a separate Notice of Grant
and Restricted Stock Agreement.

 

3.2         Expenses.
Any expenses incurred by Consultant at the request of the Company shall be reimbursed by the Company subject to receipt by the
Company of appropriate documentation.

 

    	 

    	 

    

 

Section 4.            Status.
Neither this Agreement, nor any transaction under or relating to this Agreement, shall be deemed to create an agency, partnership
or joint venture relationship between the parties hereto. Consultant shall not be an employee of the Company. Consultant is and
shall be an independent contractor. Consultant shall have neither the power nor the authority to negotiate and/or execute agreements
on behalf of the Company, and Consultant shall not be authorized to bind the Company in any way whatsoever.

 

Section 5.            Proprietary
Rights. Consultant acknowledges and agrees that Consultant has no right to or interest in the work, product, documents, reports
or other materials created by Consultant specifically in connection with rendering strategic advisory services performed hereunder,
nor any right to or interest in any copyright therein. Nothing contained herein shall prevent Consultant from performing similar
services to other companies. The Company acknowledges that Consultant renders similar services to other similarly situated companies.

 

Section 6.            Confidentiality.

 

6.1         Confidential
Information Defined. The Company may disclose to Consultant non-public information to further the performance of this Agreement.
“Confidential Information” means all information (written or oral) disclosed by the Company, including but not limited
to technical, financial and business information relating to the Company’s products, services, processes, profit or margin
information, finances, customers, suppliers, marketing, and future business plans. All Confidential Information shall remain the
sole property of the Company, and Consultant shall have no rights to the Confidential Information. The obligations of Consultant
under this Section 6 shall survive the termination of this Agreement.

 

6.2         Return of Information.
At any time during the term of this Agreement or after the expiration of this Agreement, upon written request by the Company, Consultant
shall return within three (3) business days all originals and copies thereof of any and all Confidential Information; however Consultant
may keep one copy for his files.

 

6.3         Exceptions.  Notwithstanding
the other provisions of this Agreement, nothing received by Consultant shall be considered to be Confidential Information of the
Company, if (a) it has been rightfully received by Consultant from a third party without confidentiality limitations; (b) it was
known to Consultant prior to his first receipt thereof, as shown by files or other back-up documentation existing at the time of
initial disclosure; or (c) it is required to be disclosed in the context of any administrative or judicial proceeding, provided
that prior written notice of such required disclosure and an opportunity to oppose or limit disclosure is given to the Company.

 

Section 7.            Miscellaneous.

 

7.1         Notices.
Any notice or other document to be given hereunder by any party hereto to any other party hereto shall be in writing and delivered
in person or by courier, electronically by facsimile or sent by any express mail service, postage or fees prepaid at the following
addresses:

 

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        If to Consultant, to:

         

        Barry Regenstein

         
	 	
        If to the Company, to:

         

        Loton, Corp.

        4751 Wilshire Blvd
        3rd Floor

        Los Angeles, CA 90010

        Attention: Chief Executive
        Officer

 

or at such other address or number for
a party as shall be specified by like notice. Any notice which is delivered in the manner provided herein shall be deemed to have
been duly given to the party to whom it is directed (a) on the day when personally served, including delivery by express mail and
overnight courier, and (b) on the business day of confirmed transmission by telecommunications device.

 

7.2         Entire Agreement.
This Agreement is intended by the parties hereto to be the final expression of their agreement with respect to the subject matter
hereof and is the complete and exclusive statement of the terms thereof. This Agreement supersedes and terminates all prior agreements,
arrangements and understandings between or among the Company and Consultant with respect to the subject matter hereof.

 

7.3         Amendment;
Waiver. This Agreement may not be modified, amended or waived in any manner except by an instrument in writing signed by both
parties hereto. The waiver by either party of compliance with any provision of this Agreement by the other party shall not operate
or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by such party of a provision
of this Agreement.

 

7.4         Governing Law.
This Agreement shall be deemed to be made in, and in all respects shall be interpreted, construed, and governed by and in accordance
with, the laws of the State of California.

 

7.5         Scope of Agreement.  This
Agreement shall bind and inure to the benefit of the Company and its successors and assigns and of Consultant and its successors.

 

7.6         No Conflicts.
Consultant represents and warrants to the Company that, at all times during the term of this Agreement, Consultant’s performance
of the services contemplated by this Agreement shall not conflict with any agreement, commitment or obligation on the part of Consultant
to any employer or other third party.

 

7.7         Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original but all of which together
shall constitute one and the same instrument.

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed on the day and year first written above.

 

	 	LOTON, CORP.
	 	 	 
	 	By:	/s/ Robert Ellin	 
	 	Name: Robert Ellin
	 	Title: Chief Executive Officer
	 	 	 
	 	 	 
	 	/s/ Barry Regenstein	 
	 	Barry Regenstein	 

 

 

 

 

 

 

 

 

 

 

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