Document:

Exhibit 10.3

 

EXHIBIT D

 

FORM OF GUARANTY

 

GUARANTY (this "Guaranty"),
dated as of [    ], 2020, made by each of the undersigned (each a "Guarantor", and collectively, the "Guarantors"),
in favor of the Buyers (as defined below) party to the Securities Purchase Agreement referenced below.

 

W I T N E S S E T H :

 

WHEREAS, Genius Brands
International, Inc., a Nevada corporation, (the “Company”), and each party listed as a “Buyer”
on the Schedule of Buyers attached to the Securities Purchase Agreement (each a “Buyer”, and collectively, the
“Buyers”) are parties to that certain Securities Purchase Agreement, dated as of March 11, 2020, (the “Securities
Purchase Agreement”), pursuant to which, among other things, the Buyers shall purchase from the Company certain senior
secured convertible Notes (collectively, the “Notes”);

 

WHEREAS, the Buyers have
requested, and the Guarantors have agreed, that the Guarantors shall execute and deliver to the Buyers a guaranty guaranteeing
all of the obligations of the Company under the Securities Purchase Agreement, the Notes, the Security Documents, any Perfection
Certificate and any other agreement, instrument, certificate, report and other document executed and delivered pursuant hereto
or thereto or otherwise evidencing or securing any Note or any other obligation (collectively, the “Transaction Documents”);

 

WHEREAS, pursuant to
a Pledge and Security Agreement, dated as of [ ], 2020, (as the same has been, and may be, amended from time to time, the “Security
Agreement”), the Company and the Guarantors have granted to , as collateral agent for the Buyers (in such capacity, the
“Collateral Agent”), a security interest in and lien on certain assets to secure their respective obligations
under this Guaranty, the Securities Purchase Agreement, the Notes and the other Transaction Documents; and

 

WHEREAS, each Guarantor
has determined that the execution, delivery and performance of this Guaranty directly benefits, and is in the best interest of,
such Guarantor.

 

NOW, THEREFORE, in consideration
of the premises and the agreements herein and for other consideration, the sufficiency of which is hereby acknowledged, each Guarantor
hereby agrees with each Buyer as follows:

 

SECTION 1. Definitions.
Reference is hereby made to the Securities Purchase Agreement and the Notes for a statement of the terms thereof. All terms used
in this Guaranty which are defined in the Securities Purchase Agreement or the Notes and not otherwise defined herein shall have
the same meanings as set forth therein.

 

 

 

 

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SECTION 2. Guaranty.
The Guarantors, jointly and severally, hereby unconditionally and irrevocably, guarantee (a) the punctual payment, as and when
due and payable, by stated maturity or otherwise, of all obligations and any other amounts now or hereafter owing by the Company
in respect of the Securities Purchase Agreement, the Notes and the other Transaction Documents, including, without limitation,
all interest that accrues after the commencement of any proceeding commenced by or against any the Company or any Guarantor under
any provision of the Bankruptcy Code (Chapter 11 of Title 11 of the United States Code) or under any other bankruptcy or insolvency
law, assignments for the benefit of creditors, formal or informal moratoria, compositions, or extensions generally with creditors,
or proceedings seeking reorganization, arrangement, or other similar relief (an “Insolvency Proceeding”), whether
or not the payment of such interest is unenforceable or is not allowable due to the existence of such Insolvency Proceeding, and
all fees, commissions, expense reimbursements, indemnifications and all other amounts due or to become due under any of the Transaction
Documents, and any and all expenses (including reasonable counsel fees and expenses) reasonably incurred by the Buyers or the Collateral
Agent in enforcing any rights under this Guaranty (such obligations, to the extent not paid by the Company, being the “Guaranteed
Obligations”) and (b) the punctual and faithful performance, keeping, observance and fulfillment by the Company of all
of the agreements, conditions, covenants and obligations of the Company contained in the Securities Purchase Agreement, the Notes
and the other Transaction Documents. Without limiting the generality of the foregoing, each Guarantor's liability hereunder shall
extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by the Company to the Buyers under the
Securities Purchase Agreement and the Notes but for the fact that they are unenforceable or not allowable due to the existence
of an Insolvency Proceeding involving any Guarantor or the Company (each, a “Transaction Party”).

 

SECTION 3. Guaranty
Absolute; Continuing Guaranty; Assignments.

 

(a)         
The Guarantors, jointly and severally, guarantee that the Guaranteed Obligations will be paid strictly in accordance with
the terms of the Transaction Documents, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of the Buyers with respect thereto. The obligations of each Guarantor under this Guaranty
are independent of the Guaranteed Obligations, and a separate action or actions may be brought and prosecuted against any Guarantor
to enforce such obligations, irrespective of whether any action is brought against any Transaction Party or whether any Transaction
Party is joined in any such action or actions. The liability of any Guarantor under this Guaranty shall be irrevocable, absolute
and unconditional irrespective of, and each Guarantor hereby irrevocably waives, to the extent permitted by law, any defenses it
may now or hereafter have in any way relating to, any or all of the following:

 

(i)              any
lack of validity or enforceability of any Transaction Document or any agreement or instrument relating thereto;

 

(ii)             any change in the time, manner or place of payment of, or in any other term of, all or any of the Guaranteed Obligations,
or any other amendment or waiver of or any consent to departure from any Transaction Document, including, without limitation, any
increase in the Guaranteed Obligations resulting from the extension of additional credit to any Transaction Party or otherwise;

 

(iii)           
any taking, exchange, release or non-perfection of any collateral with respect to the Guaranteed Obligations, or any taking,
release or amendment or waiver of or consent to departure from any other guaranty, for all or any of the Guaranteed Obligations;
or

 

 

 

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(iv)            any change, restructuring or termination of the corporate, limited liability company or partnership structure or existence
of any Transaction Party.

 

This Guaranty shall continue to be effective
or be reinstated, as the case may be, if at any time any payment of any of the Guaranteed Obligations is rescinded or must otherwise
be returned by any Buyer or any other Person upon the insolvency, bankruptcy or reorganization of any Transaction Party or otherwise,
all as though such payment had not been made.

 

(b)         This
Guaranty is a continuing guaranty and shall (i) remain in full force and effect until the complete conversion of all of the Company's
obligations under the Notes to equity securities of the Company and/or indefeasible payment in full in cash of all obligations
under the Notes (together with any matured indemnification obligations as of the date of such conversion and/or payment, but excluding
any inchoate or unmatured contingent indemnification obligations) and payment of all other amounts payable under this Guaranty
(excluding any inchoate or unmatured contingent indemnification obligations) and (ii) be binding upon each Guarantor and its respective
successors and assigns. This Guaranty shall inure to the benefit of and be enforceable by the Buyers and their respective successors,
and permitted pledgees, transferees and assigns. Without limiting the generality of the foregoing sentence, any Buyer may pledge,
assign or otherwise transfer all or any portion of its rights and obligations under and subject to the terms of any Transaction
Document to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted
to such Buyer herein or otherwise, in each case as provided in the Securities Purchase Agreement or such Transaction Document.
Notwithstanding the foregoing and for the avoidance of doubt, this Guaranty will expire and each Guarantor will be released from
its obligation hereunder upon the complete conversion of all of the Company's obligations under the Notes to equity securities
of the Company and/or indefeasible payment in full in cash of all obligations under the Notes (together with any matured indemnification
obligations as of the date of such conversion and/or payment, but excluding any inchoate or unmatured contingent indemnification
obligations) and payment of all other amounts payable under this Guaranty (excluding any inchoate or unmatured contingent indemnification
obligations).

 

SECTION 4. Waivers.
To the extent permitted by applicable law, each Guarantor hereby waives promptness, diligence, notice of acceptance and any other
notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that the Buyers or the Collateral
Agent exhaust any right or take any action against any Transaction Party or any other Person or any Collateral. Each Guarantor
acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated herein and that the
waiver set forth in this Section 4 is knowingly made in contemplation of such benefits. The Guarantors hereby waive
any right to revoke this Guaranty, and acknowledge that this Guaranty is continuing in nature and applies to all Guaranteed Obligations,
whether existing now or in the future.

 

 

 

 

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SECTION 5. Subrogation.
No Guarantor may exercise any rights that it may now or hereafter acquire against any Transaction Party or any other guarantor
that arise from the existence, payment, performance or enforcement of any Guarantor's obligations under this Guaranty, including,
without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate
in any claim or remedy of the Buyers or the Collateral Agent against any Transaction Party or any other guarantor or any Collateral,
whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation,
the right to take or receive from any Transaction Party or any other guarantor, directly or indirectly, in cash or other property
or by set-off or in any other manner, payment or security solely on account of such claim, remedy or right, unless and until the
complete conversion of all of the Company's obligations under the Notes to equity securities of the Company and/or indefeasible
payment in full in cash of all obligations under the Notes (together with any matured indemnification obligations as of the date
of such conversion and/or payment, but excluding any inchoate or unmatured contingent indemnification obligations) and payment
of all other amounts payable under this Guaranty (excluding any inchoate or unmatured contingent indemnification obligations).
If any amount shall be paid to a Guarantor in violation of the immediately preceding sentence at any time prior to the later of
the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, such amount shall
be held in trust for the benefit of the Buyers and shall forthwith be paid ratably to the Buyers to be credited and applied to
the Guaranteed Obligations and all other amounts payable under this Guaranty, whether matured or unmatured, in accordance with
the terms of the Transaction Documents, or to be held as collateral for any Guaranteed Obligations or other amounts payable under
this Guaranty thereafter arising. If (a) any Guarantor shall make payment to the Buyers of all or any part of the Guaranteed
Obligations, and (b) the Buyers receive the complete conversion of all of the Company's obligations under the Notes to equity
securities of the Company and/or indefeasible payment in full in cash of all obligations under the Notes (together with any matured
indemnification obligations as of the date of such conversion and/or payment, but excluding any inchoate or unmatured contingent
indemnification obligations) and payment of all other amounts payable under this Guaranty (excluding any inchoate or unmatured
contingent indemnification obligations), the Buyers will, at such Guarantor's request and expense, execute and deliver to such
Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by
subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment by such Guarantor.

 

SECTION 6. Representations,
Warranties and Covenants.

 

(a)         
Each Guarantor hereby represents and warrants as of the date first written above as follows:

 

(i)              Each Guarantor (A) is a corporation, limited liability company or limited partnership duly organized, validly existing and
in good standing under the laws of the jurisdiction of its organization as set forth on the signature pages hereto, (B) has all
requisite corporate, limited liability company or limited partnership power and authority to conduct its business as now conducted
and as presently contemplated and to execute and deliver this Guaranty and each other Transaction Document to which such Guarantor
is a party, and to consummate the transactions contemplated hereby and thereby and (C) is duly qualified to do business and is
in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction
of its business makes such qualification necessary except where the failure to be so qualified would not result in a Material Adverse
Effect.

 

 

 

 

 

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(ii)             The execution, delivery and performance by each Guarantor of this Guaranty and each other Transaction Document to which
such Guarantor is a party (A) have been duly authorized by all necessary corporate, limited liability company or limited partnership
action, (B) do not and will not contravene its charter or by-laws, its limited liability company or operating agreement or its
certificate of partnership or partnership agreement, as applicable, or any applicable law or any contractual restriction binding
on such Guarantor or its properties do not and will not result in or require the creation of any lien (other than pursuant to any
Transaction Document) upon or with respect to any of its properties, and (C) do not and will not result in any default, noncompliance,
suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable
to it or its operations or any of its properties.

 

(iii)           
No authorization or approval or other action by, and no notice to or filing with, any governmental authority is required
in connection with the due execution, delivery and performance by such Guarantor of this Guaranty or any of the other Transaction
Documents to which such Guarantor is a party (other than expressly provided for in any of the Transaction Documents).

 

(iv)            
Each of this Guaranty and the other Transaction Documents to which such Guarantor is or will be a party, when delivered,
will be, a legal, valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms,
except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, suretyship or
other similar laws and equitable principles (regardless of whether enforcement is sought in equity or at law).

 

(v)              
There is no pending or, to the best knowledge of such Guarantor, threatened action, suit or proceeding against such Guarantor
or to which any of the properties of such Guarantor is subject, before any court or other governmental authority or any arbitrator
that (A) if adversely determined, could reasonably be expected to have a Material Adverse Effect or (B) relates to this
Guaranty or any of the other Transaction Documents to which such Guarantor is a party or any transaction contemplated hereby or
thereby.

 

(vi)            
Such Guarantor (A) has read and understands the terms and conditions of the Securities Purchase Agreement, the Notes and
the other Transaction Documents, and (B) now has and will continue to have independent means of obtaining information concerning
the affairs, financial condition and business of the Company and the other Transaction Parties, and has no need of, or right to
obtain from the Collateral Agent or any Buyer, any credit or other information concerning the affairs, financial condition or business
of the Company or the other Transaction Parties that may come under the control of the Collateral Agent or any Buyer.

 

(b)         
Each Guarantor covenants and agrees that until the complete conversion of all of the Company's obligations under the Notes
to equity securities of the Company and/or indefeasible payment in full in cash of all obligations under the Notes (together with
any matured indemnification obligations as of the date of such conversion and/or payment, but excluding any inchoate or unmatured
contingent indemnification obligations) and payment of all other amounts payable under this Guaranty (excluding any inchoate or
unmatured contingent indemnification obligations), it will comply with each of the covenants (except to the extent applicable only
to a public company) which are set forth in Section 4 of the Securities Purchase Agreement as if such Guarantor were
a party thereto.

 

 

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SECTION 7. Right of
Set-off. Upon the occurrence and during the continuance of any Event of Default, the Collateral Agent and any Buyer may,
and is hereby authorized to, at any time and from time to time, without notice to the Guarantors (any such notice being expressly
waived by each Guarantor) and to the fullest extent permitted by law, set-off and apply any and all deposits (general or special,
time or demand, provisional or final) at any time held and other indebtedness at any time owing by any Buyer to or for the credit
or the account of any Guarantor against any and all obligations of the Guarantors now or hereafter existing under this Guaranty
or any other Transaction Document, irrespective of whether or not Collateral Agent or any Buyer shall have made any demand under
this Guaranty or any other Transaction Document and although such obligations may be contingent or unmatured. Collateral Agent
and each Buyer agrees to notify the relevant Guarantor promptly after any such set-off and application made by such Buyer, provided
that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Collateral
Agent or any Buyer under this Section 7 are in addition to other rights and remedies (including, without limitation,
other rights of set-off) which the Collateral Agent or such Buyer may have under this Guaranty or any other Transaction Document
in law or otherwise.

 

SECTION 8. Notices,
Etc. All notices and other communications provided for hereunder shall be in writing and shall be mailed (by overnight mail
or by certified mail, postage prepaid and return receipt requested), telecopied, sent via electronic mail, sent via overnight courier
or delivered, if to any Guarantor, to the address for such Guarantor set forth on the signature page hereto, or if to any Buyer,
to it at its respective address set forth in the Securities Purchase Agreement; or as to any Person at such other address as shall
be designated by such Person in a written notice to such other Person complying as to delivery with the terms of this Section
8. All such notices and other communications shall be effective (i) if mailed (by certified mail, postage prepaid and return
receipt requested), when received or three Business Days after deposited in the mails, whichever occurs first; (ii) if telecopied,
when transmitted and confirmation is received, provided it is transmitted during regular business hours on a Business Day and,
if not, on the next Business Day; (iii) if sent via electronic mail, when transmitted (provided that such sent electronic mail
is kept on file (whether electronically or otherwise) by the sending party and the sending party does not immediately receive an
automatically generated message from the recipient’s electronic mail server that such electronic mail could not be delivered
to such recipient), (d) if sent via overnight courier service, one Business Day after deposit with an overnight courier service,
or (iii) if delivered by hand, upon delivery, provided it is delivered during regular business hours on a Business Day and, if
not, on the next Business Day.

 

SECTION 9. CONSENT
TO JURISDICTION; SERVICE OF PROCESS AND VENUE. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY OR ANY OTHER TRANSACTION
DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK IN THE COUNTY OF NEW YORK OR OF THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH GUARANTOR HEREBY IRREVOCABLY ACCEPTS
IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. NOTHING HEREIN SHALL AFFECT
THE RIGHT OF THE BUYERS TO SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST EACH GUARANTOR IN ANY OTHER JURISDICTION. ANY GUARANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE JURISDICTION OR LAYING OF VENUE OF ANY SUCH LITIGATION
BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. TO
THE EXTENT THAT ANY GUARANTOR HAS OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS
(WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OR OTHERWISE) WITH RESPECT TO
ITSELF OR ITS PROPERTY, EACH GUARANTOR HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS UNDER THIS GUARANTY
AND THE OTHER TRANSACTION DOCUMENTS.

 

 

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SECTION 10. WAIVER
OF JURY TRIAL, ETC. EACH GUARANTOR HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM CONCERNING
ANY RIGHTS UNDER THIS GUARANTY OR THE OTHER TRANSACTION DOCUMENTS, OR UNDER ANY AMENDMENT, WAIVER, CONSENT, INSTRUMENT, DOCUMENT
OR OTHER AGREEMENT DELIVERED OR WHICH IN THE FUTURE MAY BE DELIVERED IN CONNECTION HEREWITH OR THEREWITH, OR ARISING FROM ANY FINANCING
RELATIONSHIP EXISTING IN CONNECTION WITH THIS GUARANTY OR THE OTHER TRANSACTION DOCUMENTS, AND AGREES THAT ANY SUCH ACTION, PROCEEDING
OR COUNTERCLAIM SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EACH GUARANTOR CERTIFIES THAT NO OFFICER, REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY BUYER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT ANY BUYER WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING
OR COUNTERCLAIM, SEEK TO ENFORCE THE FOREGOING WAIVERS. EACH GUARANTOR HEREBY ACKNOWLEDGES THAT THIS PROVISION IS A MATERIAL INDUCEMENT
FOR THE BUYERS ENTERING INTO THE OTHER TRANSACTION DOCUMENTS.

 

SECTION 11. Taxes.

 

(a)         
All payments made by any Guarantor hereunder or under any other Transaction Document shall be made in accordance with the
terms of the respective Transaction Document and shall be made without set-off, counterclaim, deduction or other defense. All such
payments shall be made free and clear of and without deduction for any present or future taxes, levies, imposts, deductions, charges
or withholdings, and all liabilities with respect thereto, excluding taxes imposed on the net income of any Buyer by the
jurisdiction in which such Buyer is organized or where it has its principal lending office (all such nonexcluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities, collectively or individually, “Taxes”). If any Guarantor
shall be required to deduct or to withhold any Taxes from or in respect of any amount payable hereunder or under any other Transaction
Document:

 

(i)              the amount so payable shall be increased to the extent necessary so that after making all required deductions and withholdings
(including Taxes on amounts payable to any Buyer pursuant to this sentence) each Buyer receives an amount equal to the sum it would
have received had no such deduction or withholding been made,

 

(ii)             such Guarantor shall make such deduction or withholding,

 

(iii)           such
Guarantor shall pay the full amount deducted or withheld to the relevant taxation authority in accordance with applicable law,
and

 

(iv)           as promptly as possible thereafter, such Guarantor shall send the Buyers an official receipt (or, if an official receipt
is not available, such other documentation as shall be satisfactory to the Buyers, as the case may be) showing payment.  In
addition, each Guarantor agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes,
charges or similar levies that arise from any payment made hereunder or from the execution, delivery, registration or enforcement
of, or otherwise with respect to, this Agreement or any other Transaction Document (collectively, “Other Taxes”).

 

(b)         
Each Guarantor hereby indemnifies and agrees to hold the Collateral Agent and each Buyer (each an “Indemnified
Party”) harmless from and against Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed
by any jurisdiction on amounts payable under this Section 11) paid by any Indemnified Party  as a result of any
payment made hereunder or from the execution, delivery, registration or enforcement of, or otherwise with respect to, this Agreement
or any other Transaction Document, and any liability (including penalties, interest and expenses for nonpayment, late payment or
otherwise) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. 
This indemnification shall be paid within 30 days from the date on which such Buyer makes written demand therefor, which demand
shall identify the nature and amount of such Taxes or Other Taxes.

 

(c)         
If any Guarantor fails to perform any of its obligations under this Section 11, such Guarantor shall indemnify
the Collateral Agent and each Buyer for any taxes, interest or penalties that may become payable as a result of any such failure.
The obligations of the Guarantors under this Section 11 shall survive the termination of this Guaranty and the payment
of the Obligations and all other amounts payable hereunder.

 

 

 

 

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SECTION 12. Miscellaneous.

 

(a)         
Each Guarantor will make each payment hereunder in lawful money of the United States of America and in immediately available
funds to each Buyer, at such address specified by such Buyer from time to time by notice to the Guarantors.

 

(b)         
Provisions of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular
instance and either retroactively or prospectively), only with the written consent of the Company and the Required Holders. Any
amendment or waiver effected in accordance with this Section 12 shall be binding upon each Buyer and holder of Securities and the
Company.

 

(c)         
No failure on the part of the Collateral Agent or any Buyer to exercise, and no delay in exercising, any right hereunder
or under any other Transaction Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right
hereunder or under any Transaction Document preclude any other or further exercise thereof or the exercise of any other right.
The rights and remedies of the Collateral Agent and the Buyers provided herein and in the other Transaction Documents are cumulative
and are in addition to, and not exclusive of, any rights or remedies provided by law. The rights of the Collateral Agent and the
Buyers under any Transaction Document against any party thereto are not conditional or contingent on any attempt by the Collateral
Agent or any Buyer to exercise any of their respective rights under any other Transaction Document against such party or against
any other Person.

 

(d)         
Any provision of this Guaranty that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

(e)         
This Guaranty shall (i) be binding on each Guarantor and its respective successors and assigns, and (ii) inure, together
with all rights and remedies of the Collateral Agent and the Buyers hereunder, to the benefit of the Collateral Agent and the Buyers
and their respective successors, transferees and assigns. Without limiting the generality of clause (ii) of the immediately preceding
sentence, the Collateral Agent and any Buyer may assign or otherwise transfer its rights and obligations under the Securities Purchase
Agreement or any other Transaction Document to any other Person in accordance with the terms thereof, and such other Person shall
thereupon become vested with all of the benefits in respect thereof granted to the Collateral Agent or such Buyer, as the case
may be, herein or otherwise. None of the rights or obligations of any Guarantor hereunder may be assigned or otherwise transferred
without the prior written consent of each Buyer.

 

(f)           This
Guaranty reflects the entire understanding of the transaction contemplated hereby and shall not be contradicted or qualified by
any other agreement, oral or written, entered into before the date hereof.

 

(g)         
Section headings herein are included for convenience of reference only and shall not constitute a part of this Agreement
for any other purpose.

 

(h)         
This Guaranty may be executed by each party hereto on a separate counterpart, each of which when so executed and delivered
shall be an original, but all of which together shall constitute one agreement. Delivery of an executed counterpart by facsimile
or other method of electronic transmission shall be equally effective as delivery of an original executed counterpart.

 

(i)           
This Guaranty shall be governed by and construed in accordance with the law of the
State of New York applicable to contracts made and to be performed therein without regard to conflict of law principles.

 

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IN WITNESS WHEREOF, each
Guarantor has caused this Guaranty to be executed by its respective duly authorized officer, as of the date first above written.

 

 

GENIUS BRANDS INTERNATIONAL, INC., a Nevada corporation

 

 

By:____________________________

Name:

Title:

Address for Notices:

 

 

Attention: Robert L. Denton, CFO

Email: bdenton@gnusbrands.com

Facsimile: (310) 273-4202

 

 

A SQUARED ENTERTAINMENT LLC, a Delaware limited
liability company

 

 

By: _____________________________

Name:

Title:

 

RAINBOW RANGERS PRODUCTIONS LLC, a California
limited liability company

 

 

By: _____________________________

Name:

Title:

 

 

 

    	 	9Exhibit 10.4

 

NOTE PURCHASE AGREEMENT

 

NOTE PURCHASE AGREEMENT
(the "Agreement"), dated as of March [●], 2020, by and among Genius Brands International, Inc., a Nevada
corporation with offices located at 190 N. Canon Drive, 4th Fl., Beverly Hills, CA 90210 (the "Company")
and the investor signatory hereto (the "Investor").

 

WHEREAS:

 

A.   
Concurrently herewith, the Company, the Investor and certain other investors (the "Other Investors", and
together with the Investor, the "Investors") have entered into that certain Securities Purchase Agreement, dated
March 11, 2020, pursuant to which, among other things, the Investors shall acquire certain senior secured convertible notes (the
"Notes) of the Company (the "Securities Purchase Agreement").

 

B.    
The Company and the Investor are executing and delivering this Agreement in reliance upon the exemption from securities
registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"), as promulgated
by the United States Securities and Exchange Commission (the "SEC") under the 1933 Act.

 

C.    
The Investor has authorized the issuance of a new secured promissory Investor Note in substantially the form attached hereto
as Exhibit A, pursuant to the terms set forth herein (collectively, the "Investor Note").

 

D.   
The Investor wishes to purchase Notes from the Company pursuant to the Securities Purchase Agreement and to issue the Investor
Note in full satisfaction of the Note Purchase Price (as defined in the Securities Purchase Agreement), and the Company wishes
to (x) sell Notes to the Investor, (y) acquire the Investor Note in full satisfaction of the Note Purchase Price and (z) pledge
the Investor Note to the Investor as collateral for its obligations under the Notes.

 

E.    
The Investor Note will be secured by a first priority security interest in certain Eligible Assets (as defined in the Investor
Note) (collectively, the "Collateral") held in one or more collateral accounts of the Investor described in the
Investor Note (the "Collateral Account").

 

F.     
Concurrently herewith, each of the Company and the Investor are entering into that certain Master Netting Agreement, in
substantially the form attached hereto as Exhibit B (the "Master Netting Agreement"), to provide
further clarification of the Investor's right (but not, in the case of Investor only, its obligation) to Net (as defined below)
certain Obligations (as defined in the Master Netting Agreement) arising under and across this Agreement, the Investor Note, the
Notes and the Securities Purchase Agreement (collectively, the "Underlying Agreements") and to treat the Master
Netting Agreement, this Agreement and the other Underlying Agreements as a single agreement for the purposes set forth herein and
this Agreement and the Securities Purchase Agreement each as a "securities contract" (11 U.S.C. § 741), or other
similar agreements.

 

 

 

 

    	 	1	 

     

    

 

NOW, THEREFORE,
the Company and the Investor hereby agree as follows:

 

1.                 
PURCHASE AND SALE OF INVESTOR NOTE.

 

(a)              
Investor Note. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 5 and 6 below, the
Investor agrees to issue and sell to the Company, and the Company agrees to purchase from the Investor on the Closing Date (as
defined below), such aggregate principal amount of Investor Note as is set forth on the signature page of the Investor attached
hereto in full satisfaction of the Note Purchase Price under the Securities Purchase Agreement (the "Closing").

 

(b)              
Closing. The Closing of the purchase of the Investor Note by the Company shall occur at the offices of Ellenoff Grossman
& Schole LLP, 1345 Avenue of the Americas, New York, New York 10105. The date and time of the Closing (the "Closing
Date") shall be 10:00 a.m., New York time, on the first (1st) Business Day on which the conditions to the Closing set
forth in Sections 5 and 6 below are satisfied or waived (or such other date or time as is mutually agreed to by the Company and
the Investor). The Closing may also be undertaken remotely by electronic transfer of Closing documentation. As used herein "Business
Day" means any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to remain closed.

 

(c)              
Delivery of Investor Note in Satisfaction of Note Purchase Price; Securities Contract; Netting Safe Harbor. On the
Closing Date, the Investor shall duly execute the Investor Note, registered in the name of the Company, in full satisfaction of
the Note Purchase Price pursuant to the Securities Purchase Agreement, and, in accordance with the instructions of the Company
in the Flow of Funds Letter (as defined in the Securities Purchase Agreement), the Investor shall maintain physical possession
of the Investor Note as Collateral (as defined in the Note) securing the Note. For the avoidance of doubt, the Investor Note is
deemed simultaneously delivered (x) by the Investor to the Company at the Closing hereunder and (y) delivered by the Company
to the Investor at the Closing (as defined in the Securities Purchase Agreement) under the Securities Purchase Agreement, as Collateral
for the Note purchased by the Investor thereunder. Other than the issuance of the Note to the Investor pursuant to the Securities
Purchase Agreement, the Company shall not be required to pay any additional consideration for the issuance of the Investor Note
hereunder. The Company hereby acknowledges and agrees that the rights and obligations of the Investor under the Master Netting
Agreement, hereunder and under the other Underlying Agreements and the rights and obligations of the Company under the Master Netting
Agreement, hereunder and under the other Underlying Agreements arise in a single integrated transaction and constitute related
and interdependent obligations within such transaction. The Company and the Investor hereby acknowledge and agree that this Agreement
and the Securities Purchase Agreement each is a "securities contract" as defined in 11 U.S.C. § 741 and that Investor
shall have all rights in respect of the Master Netting Agreement, this Agreement and the other Underlying Agreements as are set
forth in 11 U.S.C. § 555 and 11 U.S.C. § 362(b)(6), including, without limitation, all rights of credit, deduction, setoff,
offset, recoupment, and netting (collectively, "Netting" or "Net") as are available under the
Master Netting Agreement, this Agreement and the other Underlying Agreements, and all Netting provisions of the Note, the Master
Netting Agreement and the Investor Note, including without limitation the provisions set forth in Section 7 of the Investor Note,
are hereby incorporated in this Agreement and made a part hereof as if such provisions were set forth herein.

 

 

    	 	2	 

     

    

 

2.                 
COMPANY'S REPRESENTATIONS AND WARRANTIES.

 

The Company represents
and warrants, as of the date hereof and as of the Closing Date in which the Company is purchasing the Investor Note hereunder,
that:

 

(a)              
No Sale or Distribution. The Company is acquiring the Investor Note for its own account and not with a view towards,
or for resale in connection with, the public sale or distribution thereof. The Company does not presently have any agreement or
understanding, directly or indirectly, with any Person (as defined in the Securities Purchase Agreement) to distribute any of the
Investor Note.

 

(b)              
Sophisticated Investor. The Company is a sophisticated investor (as described in Rule 506(b)(2)(ii) of Regulation
D), and has such knowledge and experience in business and financial matters that it is capable of evaluating the merits and risks
of an investment in the Investor Note.

 

(c)              
Reliance on Exemptions. The Company understands that the Investor Note is being offered and sold to it in reliance
on specific exemptions from the registration requirements of United States federal and state securities laws and that the Investor
is relying in part upon the truth and accuracy of, and the Company's compliance with, the representations, warranties, agreements,
acknowledgments and understandings of the Company set forth herein in order to determine the availability of such exemptions and
the eligibility of the Company to acquire the Investor Note.

 

(d)              
Information. The Company and its advisors, if any, have been furnished with all materials relating to the business,
finances and operations of the Investor and materials relating to the offer and sale of the Investor Note that have been requested
by the Company. The Company and its advisors, if any, have been afforded the opportunity to ask questions of the Investor. Neither
such inquiries nor any other due diligence investigations conducted by the Company or its advisors, if any, or its representatives
shall modify, amend or affect the Company's right to rely on the Investor's representations and warranties contained herein. The
Company understands that its investment in the Investor Note involves a high degree of risk. The Company has sought such accounting,
legal and tax advice as it has considered necessary to make an informed investment decision with respect to its acquisition of
the Investor Note.

 

(e)              
No Governmental Review. The Company understands that no United States federal or state agency or any other government
or governmental agency has passed on or made any recommendation or endorsement of the Investor Note or the fairness or suitability
of the investment in the Investor Note nor have such authorities passed upon or endorsed the merits of the offering of the Investor
Note.

 

(f)               
Transfer or Resale. The Company understands that: (i) the Investor Note has not been and is not being registered
under the 1933 Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred without the consent
of the Investor (and any Prohibited Transfer (as defined in the Investor Note) shall be subject to certain recoupment rights and
netting against the Note to be issued to the Investor concurrently with the Closing hereunder) and (ii) neither the Investor nor
any other Person is under any obligation to register the Investor Note under the 1933 Act or any state securities laws or to comply
with the terms and conditions of any exemption thereunder.

 

 

 

    	 	3	 

     

    

 

(g)              
Legends. The Company understands that the certificates or other instruments representing the Investor Note shall
bear any legend required by the "blue sky" laws of any state and a restrictive legend in substantially the following
form (and a stop-transfer order may be placed against transfer of such stock certificates):

 

THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR THE APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND SUCH STATE SECURITIES LAWS, OR AN EXEMPTION FROM REGISTRATION
THEREUNDER, IN EACH CASE, TO THE EXTENT APPLICABLE HERETO.

 

3.                 
REPRESENTATIONS AND WARRANTIES OF THE INVESTOR.

 

The Investor represents
and warrants to the Company as of the date hereof and as of the Closing Date as follows:

 

(a)              
Authorization; Enforcement; Validity. The Investor has the requisite corporate power and authority to enter into
and perform its obligations under this Agreement and the Investor Note and each of the other agreements entered into by the parties
hereto in connection with the transactions contemplated by this Agreement (collectively, the "Transaction Documents")
and to issue the Investor Note in accordance with the terms hereof and thereof. The execution and delivery of the Transaction Documents
by the Investor and the consummation by the Investor of the transactions contemplated hereby and thereby, including, without limitation,
the issuance of the Investor Note has been duly authorized by the Investor's board of directors, investment manager or other governing
body and no further filing, consent, or authorization is required by the Investor. This Agreement and the other Transaction Documents
have been duly executed and delivered by the Investor, and constitute the legal, valid and binding obligations of the Investor,
enforceable against the Investor in accordance with their respective terms, except as such enforceability may be limited by general
principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to,
or affecting generally, the enforcement of applicable creditors' rights and remedies.

 

(b)              
Issuance of Investor Note. The issuance of the Investor Note is duly authorized and upon issuance in accordance with
the terms of the Transaction Documents shall be free from all taxes, liens and charges with respect to the issue thereof. Assuming
the accuracy of each of the representations and warranties set forth in Section 2 of this Agreement, the offer and issuance by
the Investor of the Investor Note is exempt from registration under the 1933 Act.

 

 

 

 

    	 	4	 

     

    

 

(c)              
No Conflicts. The execution, delivery and performance of the Transaction Documents by the Investor and the consummation
by the Investor of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Investor
Note) will not (i) result in a violation of the Investor's organizational documents or (ii) conflict with, or constitute a default
(or an event which with notice or lapse of time or both would become a default) in any respect under, or give to others any rights
of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Investor is a party,
or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including foreign, federal and state securities
laws and regulations) applicable to the Investor or by which any property or asset of the Investor is bound or affected, except,
in the case of clause (ii) and (iii) above, for such violations, conflicts, breaches, defaults, losses, terminations of rights
thereof, or accelerations which, in the aggregate, would not reasonably be expected to have a Material Adverse Effect (as defined
below). "Material Adverse Effect" means any material adverse effect on (i) the business, properties, assets, liabilities,
operations (including results thereof) or condition (financial or otherwise) of the Investor, (ii) the transactions contemplated
hereby or in any of the other Transaction Documents or (iii) the authority or ability of the Company or any of its Subsidiaries
(as defined in the Securities Purchase Agreement) to perform any of their respective obligations under any of the Transaction Documents.

 

(d)              
Consents. The Investor is not required to obtain any consent, authorization or order of, or make any filing or registration
with, any government, court, regulatory, self-regulatory, administrative agency or commission or other governmental agency, authority
or instrumentality, domestic or foreign, of competent jurisdiction (a "Governmental Authority") or any other Person
in order for it to execute, deliver or perform any of its obligations under or contemplated by the Transaction Documents, in each
case in accordance with the terms hereof or thereof. The Investor is unaware of any facts or circumstances that might prevent the
Investor from obtaining or effecting any of the registration, application or filings pursuant to the preceding sentence.

 

(e)              
No General Solicitation. The Investor has not engaged in any form of general solicitation or general advertising
(within the meaning of Regulation D) in connection with the offer or sale of the Investor Note.

 

(f)               
No Integrated Offering. Neither the Investor nor any Person acting on its behalf has, directly or indirectly, made
any offers or sales of any security or solicited any offers to buy any security, under circumstances that would require registration
of the issuance of the Investor Note under the 1933 Act, whether through integration with prior offerings or otherwise. Neither
the Investor nor any Person acting on their behalf will take any action or steps referred to in the preceding sentence that would
require registration of the issuance of any of the Investor Note under the 1933 Act.

 

(g)              
Sufficient Collateral. As of the Closing Date the bank and/or brokerage account(s) described on Schedule I to the
Investor Note, which Collateral secures the Investor Note in accordance therewith, contains at least the Note Purchase Price of
Eligible Assets as of the Closing Date.

 

(h)              
Full Recourse. The Investor Note is a full recourse obligation of the Investor.

 

 

 

 

    	 	5	 

     

    

 

4.                 
COVENANTS.

 

(a)              
Reasonable Best Efforts. Each party shall use its reasonable best efforts timely to satisfy each of the conditions
to be satisfied by it as provided in Sections 5 and 6 of this Agreement.

 

(b)              
Fees. The Company shall be responsible for the payment of any placement agent's fees, financial advisory fees, or
broker's commissions relating to or arising out of the transactions contemplated hereby. The Company shall pay, and hold the Investor
harmless against, any liability, loss or expense (including, without limitation, reasonable attorney's fees and out-of-pocket expenses)
arising in connection with any claim relating to any such payment. Except as otherwise set forth in the Transaction Documents or
the Securities Purchase Agreement, each party to this Agreement shall bear its own expenses in connection with the sale of the
Investor Note to the Investors.

 

(c)              
Taxes. The Company will pay, and save and hold the Investor harmless from any and all liabilities (including interest
and penalties) with respect to, or resulting from any delay or failure in paying, stamp and other taxes (other than income taxes),
if any, which may be payable or determined to be payable on the execution and delivery or acquisition of the Investor Note.

 

5.                 
CONDITIONS TO THE INVESTOR'S OBLIGATION TO SELL. The obligation of the Investor hereunder to issue and sell the Investor
Note to the Company at the Closing is subject to the satisfaction, at or before the Closing Date, of each of the following conditions,
provided that these conditions are for the Investor's sole benefit and may be waived by the Investor at any time in its sole discretion
by providing the Company with prior written notice thereof:

 

(a)              
The Company shall have executed each of the Transaction Documents to which it is a party and delivered the same to the Investor.

 

(b)              
All conditions to the Investor's closing of the transactions contemplated by the Securities Purchase Agreement shall have
been satisfied (except for such conditions waived in writing by the Investor) and the Investor Note is being issued hereunder in
full satisfaction of the Note Purchase Price.

 

(c)              
The representations and warranties of the Company shall be true and correct in all material respects as of the date when
made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific
date, which shall be true and correct as of such specified date), and the Company shall have performed, satisfied and complied
in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or
complied with by the Company at or prior to the Closing Date.

 

6.                 
CONDITIONS TO THE COMPANY'S OBLIGATION TO PURCHASE. The obligation of the Company hereunder to purchase the Investor
Note at the Closing in satisfaction, in full, of the Note Purchase Price is subject to the satisfaction, at or before the Closing
Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived
by the Company at any time in its sole discretion by providing the Investor with prior written notice thereof:

 

 

    	 	6	 

     

    

 

(a)              
The Investor shall have (A) duly executed and delivered to the Company (A) each of the Transaction Documents (to the
extent contemplated to be executed by the Investor pursuant to its terms) and (B) duly executed the Investor Note.

 

(b)              
All conditions to the Company's closing of the transactions contemplated by the Securities Purchase Agreement shall have
been satisfied (except for such conditions waived in writing by the Company) and the Investor Note is being issued hereunder in
full satisfaction of the Note Purchase Price.

 

(c)              
The representations and warranties of the Investor shall be true and correct in all material respects as of the date when
made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific
date, which shall be true and correct as of such specified date), and the Investor shall have performed, satisfied and complied
in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or
complied with by the Investor at or prior to the Closing Date.

 

(d)              
The Investor shall have obtained all governmental, regulatory or third party consents and approvals, if any, necessary for
the sale of the Investor Note.

 

7.                 
TERMINATION.

 

In the event that
the Closing shall not have occurred on or prior to the termination of the Securities Purchase Agreement, this Agreement shall automatically
terminate.

 

8.                 
MISCELLANEOUS.

 

(a)              
Governing Law; Jurisdiction; Jury Trial.

 

All questions concerning
the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State
of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York
or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of New
York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such
party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY
TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED
HEREBY.

 

 

    	 	7	 

     

    

 

(b)              
Counterparts.

 

This Agreement may
be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and shall become
effective when counterparts have been signed by each party and delivered to the other party. In the event that any signature is
delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an executed signature
page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such signature page were an original thereof.

 

(c)              
Headings; Gender.

 

The headings of this
Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this Agreement. Unless
the context clearly indicates otherwise, each pronoun herein shall be deemed to include the masculine, feminine, neuter, singular
and plural forms thereof. The terms "including," "includes," "include" and words of like import shall
be construed broadly as if followed by the words "without limitation." The terms "herein," "hereunder,"
"hereof" and words of like import refer to this entire Agreement instead of just the provision in which they are found.

 

(d)              
Severability.

 

If any provision of
this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the
validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision
of this Agreement in any other jurisdiction.

 

(e)              
Entire Agreement; Amendments.

 

This Agreement, the
Securities Purchase Agreement, the other Transaction Documents (as defined herein) and the Transaction Documents (as defined in
the Securities Purchase Agreement) and the schedules and exhibits attached hereto and thereto and the instruments referenced herein
and therein supersede all other prior oral or written agreements between the Investors, the Company, its Subsidiaries, their affiliates
and Persons acting on their behalf solely with respect to the matters contained herein and therein, and this Agreement, the other
Transaction Documents (as defined herein) and the Transaction Documents (as defined in the Securities Purchase Agreement), the
schedules and exhibits attached hereto and thereto and the instruments referenced herein and therein contain the entire understanding
of the parties solely with respect to the matters covered herein and therein. For clarification purposes, the Recitals are part
of this Agreement. No provision of this Agreement may be amended or waived other than by an instrument in writing signed by the
Company, the Investor and the Required Holders.

 

 

 

    	 	8	 

     

    

 

(f)               
Notices.

 

Any notices, consents,
waivers or other communications required or permitted to be given under the terms of this Agreement shall be governed by the provisions
of Section 9(f) of the Securities Purchase Agreement.

 

(g)              
Successors and Assigns.

 

This Agreement shall
be binding upon and inure to the benefit of the parties and their respective successors and assigns. No party may assign this Agreement
or any rights or obligations hereunder without the prior written consent of the other party.

 

(h)              
No Third Party Beneficiaries.

 

This Agreement is intended
for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor
may any provision hereof be enforced by, any other Person.

 

(i)                
Survival.

 

The representations,
warranties, agreements and covenants shall survive each Closing. The Investor shall be responsible only for its own representations,
warranties, agreements and covenants hereunder.

 

(j)                
Further Assurances.

 

Each party shall do
and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as any other party may reasonably request in order to carry out the intent
and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

(k)              
Construction.

 

The language used in
this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict construction
will be applied against any party.

 

[Signature Page Follows]

 

 

 

    	 	9	 

     

    

 

 

IN WITNESS WHEREOF,
the Investor and the Company have caused their respective signature page to this Note Purchase Agreement to be duly executed as
of the date first written above.

 

	 	
        COMPANY:

         

	 	
        GENIUS BRANDS INTERNATIONAL, INC.

        

	 	 
	 	 
	 	By: ____________________________
	 	Name:
	 	Title:

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10	 

     

    

 

IN WITNESS WHEREOF,
the Investor and the Company have caused their respective signature page to this Note Purchase Agreement to be duly executed as
of the date first written above.

 

	 	
        INVESTORS:

         

	 	
        [INVESTOR]

	 	 
	 	 
	 	By: ___________________________
	 	Name:
	 	Title:
	 	 
	 	Aggregate Principal Amount of Investor Note:

$_____________________________

 

 

 

 

 

    	 	11

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