Document:

Exhibit
10.85

 

August
23, 2018

 

William
Sornsin

5465
43rd Ave. W.

Seattle,
WA 98199

 

Dear
Bill,

 

As
we have discussed, your employment with Maven Coalition, Inc., a Nevada corporation (“Maven”), will be terminated
effective August 31, 2018 (the “Effective Date”). Except as set forth in this letter, the Effective Date will
be your employment termination date for all purposes, meaning you will no longer be entitled to any further compensation, monies
or other benefits from Maven, including coverage under any benefits plans or programs sponsored by Maven.

 

Your
final paycheck, including your full pay, as well as any accrued but unused PTO, vacation and sick days subject to all withholdings
and deductions as required by law, through the Effective Date will be paid on the next regularly scheduled payroll date.

 

Provided
you are eligible for, and timely elect to receive, COBRA benefits, Maven will reimburse you for your monthly premium for COBRA
coverage (including any premiums for coverage of your eligible spouse and/or dependents) for the month of September 2018.

 

In
addition, you will be offered three months of your current base salary, $62,500.00, less applicable withholdings and deductions,
of severance pay, in consideration for your execution, non-revocation of, and compliance with the attached Separation and Release
of Claims Agreement (the “Separation Agreement”). Please review, fully execute, and return the executed Separation
Agreement no later than close of business on 45 days from Effective Date by e-mail, fax or overnight delivery to receive the offered
severance benefits. You will then have an additional seven days to revoke your signature before the Separation Agreement will
become effective. Maven recommends that you carefully review the Separation Agreement prior to executing it, and reach out to
Maven’s General Counsel, Robert Scott, if you have any questions during your review. You may also want to consult with an
attorney prior to executing the Separation Agreement.

 

You
must promptly return all Maven property, including identification cards or badges, access codes or devices, keys laptops, computers,
telephones, mobile phones, hand-held electronic devices, credit cards, electronically stored documents or files, physical files
and any other Maven property and information in your possession. Please return this property and information to or as directed
by Paul Edmondson as soon as possible.

 

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Please
recall that on July 22, 2016, you executed an Employee Confidentiality and Proprietary Rights Agreement, a copy of which is enclosed
herein, which includes the following provisions:

 

		●	1.
                                         Confidentiality Obligations.

1.1
Employee understands and acknowledges that during the course of employment by the Company, Employee will have access to and learn
about confidential, secret and proprietary documents, materials, data and other information, in tangible and intangible form,
of and relating to the Company and its businesses and existing and prospective customers, suppliers, investors and other associated
third parties (“Confidential Information”). Employee further understands and acknowledges that this Confidential Information
and the Company’s ability to reserve it for the exclusive knowledge and use of the Company is of great competitive importance
and commercial value to the Company, and that improper use or disclosure of the Confidential Information by Employee will cause
irreparable harm to the Company, for which remedies at law will not be adequate and may also cause the Company to incur losses,
damages and also liabilities to third parties.

 

1.2
“Confidential Information” includes, but is not limited to, all information not generally known to the public, in
spoken, printed, electronic or any other form or medium, relating directly or indirectly to: business processes, practices,
methods, policies, plans, publications, documents, research, operations, services, strategies, techniques, agreements,
contracts, terms of agreements, transactions, potential transactions, negotiations, know- how, trade secrets, computer
programs, computer software, applications, operating systems, software design, web design, work-in-process, databases,
manuals, records, articles, systems, material, sources of material, supplier information, vendor information, financial
information, results, legal information, marketing information, advertising information, pricing information, design
information, personnel information, suppliers, vendors, developments, reports, sales, revenues, costs, formulae, product
plans, designs, styles, models, ideas, inventions, patent, patent applications, original works of authorship, discoveries,
specifications, customer information, client information, the Company, or its businesses or any existing or prospective
customer, supplier, investor or other associated third party, or of any other person or entity that has entrusted information
to the Company in confidence. Confidential Information also includes other information that is marked or otherwise identified
as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in
the context and circumstances in which the information is known or used. Confidential Information developed by Employee in
the course of the employment of Employee by the Company shall be subject to the terms and conditions of this Agreement as if
the Company furnished the same Confidential Information to Employee in the first instance.

 

		●	2.
                                         Disclosure and Use Restrictions.

 

		2.1	Employee
                                         agrees and covenants to

 

		(a).	Treat
                                         all Confidential Information as strictly confidential;

 

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(b).
Not to directly or indirectly disclose, publish, communicate or make available Confidential Information, or allow it to be disclosed,
published, communicated or made available, in whole or part, to any entity or person whatsoever not having a need to know and
authority to know and use the Confidential Information in connection with the business of the Company and, in any event, not to
anyone outside of the direct employ of the Company except as required in the performance of Employee’s authorized employment
duties to the Company; and

 

(c).
Not to access or use any Confidential Information, and not to copy any documents, records, files, media or other resources containing
any Confidential Information, or remove any such documents, records, files, media or other resources from the premises or control
of the Company, except as required in the performance of Employee’s authorized employment duties to the Company.

Nothing
herein shall be construed to prevent disclosure of Confidential Information as may be required by applicable law or regulation,
or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure
does not exceed the extent of disclosure required by such law, regulation or order.

 

2.2
Employee understands and acknowledges that the obligations of Employee under this Agreement with regard to any particular Confidential
Information shall commence immediately upon Employee first having access to such Confidential Information (whether before or after
Employee begins employment by the Company) and shall continue during and after the employment of Employee by the Company until
such time as such Confidential Information has become public knowledge other than as a result of Employee’s breach of this
Agreement or breach by those acting in concert with Employee or on Employee’s behalf.

 

		●	3
                                         Scout Media Restriction. Employee agrees that Employee shall not while an employee of
                                         the Company and for twelve (12) months after the termination of the employment with the
                                         Company for any reason whatsoever, directly or indirectly, individually, by and through
                                         one or more of the affiliates of Employee, another person, or otherwise, in other capacity,
                                         work for, work with, provides goods or services to, or otherwise enter into any business
                                         or other relationship with, Scout Media, Inc. or any of the affiliates, successors or
                                         assigns of Scout Media, Inc. Employee agrees that since the breach or threatened breach
                                         of this Section 3 would give rise to irreparable injury to Company, which injury would
                                         be inadequately compensable in money damages, the Company may seek and obtain injunctive
                                         relief from any such breach or threatened breach, in addition to and not in limitation
                                         of any other legal remedies that may be available. Employee acknowledges that the covenants
                                         contained in this Section are necessary for the protection of the business interests
                                         of the Company and are reasonable in scope, content, and duration. If Employee breaches
                                         this Section 3, then 12 month period shall be extended until after the period of violation
                                         ceases.

 

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		●	4.3
                                         Cooperation. During and after the employment of Employee, Employee agrees to reasonably
                                         cooperate with the Company at the Company’s expense to (i) apply for, obtain, perfect
                                         and transfer to the Company the Work Product and Intellectual Property in the Work Product
                                         in any jurisdiction in the world; and (ii) maintain, protect and enforce the same, including,
                                         without limitation, executing and delivering to the Company any and all applications,
                                         oaths, declarations, affidavits, waivers, assignments and other documents and instruments
                                         as shall be requested by the Company. Employee hereby irrevocably grants the Company
                                         power of attorney to execute and deliver any such documents on Employee’s behalf
                                         in the name of Employee and to do all other lawfully permitted acts to transfer the Work
                                         Product to the Company and further the transfer, issuance, prosecution and maintenance
                                         of all Intellectual Property therein, to the full extent permitted by law, if Employee
                                         does not promptly cooperate with the Company’s request (without limiting the rights
                                         the Company shall have in such circumstances by operation of law). The power of attorney
                                         is coupled with an interest and shall not be effected by Employee’s subsequent
                                         incapacity.

 

		●	7.7
                                         Non-disparagement; Publicity. Employee will not at any time make, publish or communicate
                                         to any person or entity or in any public forum any defamatory or disparaging remarks,
                                         comments or statements concerning the Company’s products or services, or make any
                                         maliciously false statements about the Company’s employees, officers and owners.
                                         Employee consents to any and all uses and displays, by the Company and its agents, of
                                         Employee’s name, voice, likeness, image, appearance and biographical information
                                         in, on or in connection with any pictures, photographs, audio and video recordings, images,
                                         websites, and advertising at any time during or after the period of employment by the
                                         Company, for all legitimate business purposes of the Company.

 

In
addition, on November 4, 2016, you executed an Employment Agreement, a copy of which is enclosed herein, which includes the following
provisions:

 

1.4
Restrictive Covenants.

 

(a)
Non-competition / Non-solicitation. The Employee recognizes and acknowledges that his services to the Company are of a special,
unique and extraordinary nature that cannot easily be duplicated. Further, the Company has and will expend substantial resources
to promote such Services and develop the Company’s Proprietary Information. Accordingly, in order to protect the Company
from unfair competition and to protect the Company’s Proprietary information, the Employee agrees that, so long as the Company
continues to pay him his Base Salary at the then current rate for a period of up to two (2) years following the termination of
his employment with the Company other than for Cause, he will not engage as an employee, consultant, owner or operator for any
business, a principal component of which is the operation and monetization of a business which competes directly with the Company’s
Business, which shall include expert-led online interest groups and communities and related products and monetization, and shall
explicitly include these named companies: Scout Media/Scout.com, Rivals.com and 247 Sports. While Employee renders services to
the Company, he also agrees that he will not assist any person or organization in competing with the Company, in preparing to
compete with the Company or in hiring away any employee of the Company. Employee also agrees not to solicit, induce or encourage
or attempt to solicit, induce or encourage, either directly or indirectly, any employees of the Company to leave the employ of
the Company for a period of one (1) year from the date of his termination with the Company for any reason. The non-competition
provisions of this Section

 

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1.4
(a) shall not apply to the Employee in the event of (a) the termination of the Employee’s employment by the Company without
Cause or (b) the termination of the Employee’s employment by the Employee for Good Reason.

 

(b)
Any material breach of the terms of this Section 1.4 by the Employee shall be considered Cause.

 

(c)
Confidential Information. The Employee recognizes and acknowledges that the Proprietary information is a valuable, special and
unique asset of the Company’s Business. In order to obtain and/or maintain access to the Proprietary information, which
Employee acknowledges is essential to the performance of his duties under this Agreement, the Employee agrees that, except with
respect to those duties assigned to him by the Company, the Employee: (i) shall hold in confidence all Proprietary Information;
(ii) shall not reproduce, use, distribute, disclose, or otherwise misappropriate any Proprietary Information, in whole or in part;
(iii) shall take no action causing, or fail to take any action necessary to prevent causing, any Proprietary information to lose
its character as Proprietary information, and (iv) shall not make use of any such Proprietary information for the Employee’s
own purposes or for the benefit of any person, business or legal entity (except the Company) under any circumstances; provided
that the Employee may disclose such Proprietary Information to the extent required by law; provided, further that, prior to any
such disclosure, (A) the Employee delivers to the Company written notice of such proposed disclosure, together with an opinion
of counsel regarding the determination that such disclosure is required by law and (B) the Employee provides an opportunity to
contest such disclosure to the Company. The provisions of this subsection will apply to Trade Secrets for as long as the applicable
information remains a Trade Secret and to Confidential information,

 

These
agreements survive your employment with Maven and remains in effect as set forth therein. Maven expects you to inform any new
employer about these continuing obligations.

 

If
you have any questions about this letter or the agreements referenced herein, please contact Robert Scott at rscott@maven.io.
Please acknowledge below your receipt of this letter and deliver a copy of the letter back to Maven at 1500 Fourth Avenue, Suite
200, Seattle, WA 98101.

 

	 	Very
    truly yours
	 	 
	 	/S/:Robert
    Scott
	 	 
	 	
	 	On
    behalf of Maven Coalition, Inc.

 

	Signed	 
	 	 	 
	 	/s/
    Bill Sornsin	 
	 	William
    Sornsin	 
	Date:	8/23/2018
    10:06:58 PM PDT	 

 

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Separation
and Release of Claims Agreement

 

This
Separation and Release of Claims Agreement (this “Agreement”) is entered into by and between Maven Coalition,
Inc., a Nevada corporation, (the “Employer”) on behalf of itself, its subsidiaries, and other corporate affiliates
and each of their respective present and former employees, officers, directors, owners, shareholders, and agents, individually
and in their official capacities (collectively referred to as the “Employer Group”), and William Sornsin (the
“Employee”), residing at ________________________________________________ (the Employer and the Employee are
collectively referred to as the “Parties”) as of __________________, 2018 (the “Execution Date”).

 

The
Employee’s last day of employment with the Employer was August 23, 2018 (the “Separation Date”). After
the Separation Date, the Employee will not represent and has not represented himself as being an employee, officer, attorney,
agent, or representative of the Employer Group for any purpose. Except as otherwise set forth in this Agreement, the Separation
Date was the employment termination date for the Employee for all purposes, meaning the Employee is not entitled to any further
compensation, monies, or other benefits from the Employer Group, including coverage under any benefit plans or programs sponsored
by the Employer Group, as of the Separation Date.

 

The
Employee agrees to not seek future employment with the Employer.

 

		1.	Return
                                         of Property. The Employee warrants and represents that Employee has returned all
                                         Employer Group property, including identification cards or badges, access codes or devices,
                                         keys, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit
                                         cards, electronically stored documents or files, physical files, and any other Employer
                                         Group property in the Employee’s possession.

 

		2.	Employee
                                         Representations. The Employee specifically represents, warrants, and confirms that
                                         the Employee:

 

		a.	has
                                         not filed any claims, complaints, or actions of any kind against the Employer Group with
                                         any court of law, or local, state, or federal government or agency;

 

		b.	has
                                         been properly paid for all hours worked for the Employer Group;

 

		c.	has
                                         received all commissions, bonuses, and other compensation due to the Employee, with the
                                         exception of the Employee’s final payroll check for salary/wages through and including
                                         the Separation Date, which will be paid on the next regularly scheduled payroll date
                                         for the pay period including the Separation Date; and

 

		d.	has
                                         not engaged in and is not aware of any unlawful conduct relating to the business of the
                                         Employer Group.

 

If
any of these statements is not true, the Employee cannot sign this Agreement and must notify
the Employer immediately in writing of the statements that are not true. This notice will not automatically disqualify the Employee
from receiving these benefits, but will require the Employer’s further review and consideration.

 

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		3.	Separation
                                         Benefits. In consideration for the Employee’s execution of and compliance with
                                         this Agreement, including the Employee’s waiver and release of claims in Section
                                         4, the Employer Group agrees to provide the following benefits to which the Employee
                                         is not otherwise entitled:

 

		a.	A
                                         lump sum payment of $62,500.00, less all relevant taxes and other withholdings, which
                                         shall be paid on the Employer’s next regularly scheduled payroll date following
                                         the Execution Date.

 

Notwithstanding
the foregoing, no payment shall be made or begin before the Effective Date of this Agreement (defined below).

 

The
Employee understands, acknowledges, and agrees that these benefits exceed what the Employee is otherwise entitled to receive on
separation from employment, and that these benefits are being given as consideration in exchange for executing this Agreement
and the general release contained herein. The Employee further acknowledges that the Employee is not entitled to any additional
payment or consideration not specifically referenced in this Agreement. Nothing in this Agreement shall be deemed or construed
as an express or implied policy or practice of the Employer Group to provide these or other benefits to any individuals other
than the Employee.

 

		4.	Release.

 

		a.	Employee’s
                                         General Release and Waiver of Claims

 

In
exchange for the consideration provided in this Agreement, the Employee and the Employee’s heirs, executors, representatives,
administrators, agents, insurers, and assigns (collectively, the “Releasors”) irrevocably and unconditionally
fully and forever waive, release, and discharge the Employer Group, including each member of the Employer Group’s parents,
subsidiaries, affiliates, predecessors, successors, and assigns, and all of their respective officers, directors, employees and
shareholders, in their corporate and individual capacities (collectively, the “Released Parties”), from any
and all claims, demands, actions, causes of actions, obligations, judgments, rights, fees, damages, debts, obligations, liabilities,
and expenses (inclusive of attorneys’ fees) of any kind whatsoever, whether known or unknown, from the beginning of time
through the date of the Employee’s execution of this Agreement (collectively, “Claims”), including, without
limitation, any claims under any federal, state, local, or foreign law, that Releasors may have, have ever had, or may in the
future have arising out of, or in any way related to the Employee’s hire, benefits, employment, termination, or separation
from employment with the Employer Group and any actual or alleged act, omission, transaction, practice, conduct, occurrence, or
other matter, including, but not limited to:

 

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		(i)	any
                                         and all claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities
                                         Act, as amended, the Family and Medical Leave Act (with respect to existing but not prospective
                                         claims), the Fair Labor Standards Act, the Equal Pay Act, the Employee Retirement Income
                                         Security Act (with respect to unvested benefits), the Civil Rights Act of 1991, Section
                                         1981 of U.S.C. Title 42, the Worker Adjustment and Retraining Notification Act, the National
                                         Labor Relations Act, the Industrial Welfare Act, the Washington Law Against Discrimination,
                                         any Washington leave law, the Washington Minimum Wage Requirements and Labor Standards
                                         Act, Title 49 of the Revised Code of Washington, all including any amendments and their
                                         respective implementing regulations, and any other federal, state, local, or foreign
                                         law (statutory, regulatory, or otherwise) that may be legally waived and released;

 

		(ii)	any
                                         and all claims for compensation of any type whatsoever, including but not limited to
                                         claims for salary, wages, bonuses, commissions, incentive compensation, vacation, and
                                         severance that may be legally waived and released;

 

		(iii)	any
                                         and all claims arising under tort, contract, and quasi-contract law, including but not
                                         limited to claims of breach of an express or implied contract, tortious interference
                                         with contract or prospective business advantage, breach of the covenant of good faith
                                         and fair dealing, promissory estoppel, detrimental reliance, invasion of privacy, nonphysical
                                         injury, personal injury or sickness or any other harm, wrongful or retaliatory discharge,
                                         fraud, defamation, slander, libel, false imprisonment, and negligent or intentional infliction
                                         of emotional distress; and

 

		(iv)	any
                                         and all claims for monetary or equitable relief, including but not limited to attorneys’
                                         fees, back pay, front pay, reinstatement, experts’ fees, medical fees or expenses,
                                         costs, and disbursements.

 

However,
this general release and waiver of claims excludes, and the Employee does not waive, release, or discharge: (A) any right to file
an administrative charge or complaint with, or testify, assist, or participate in an investigation, hearing, or proceeding conducted
by, the Equal Employment Opportunity Commission, or other similar federal or state administrative agencies, although the Employee
waives any right to monetary relief related to any filed charge or administrative complaint; and (B) any other claim that cannot
be waived by law.

 

		b.	Specific
                                         Release of ADEA Claims

 

In
further consideration of the payments and benefits provided to the Employee in this

 

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Agreement,
the Releasors hereby irrevocably and unconditionally fully and forever waive, release, and discharge the Released Parties from
any and all Claims, whether known or unknown, from the beginning of time through the date of the Employee’s execution of
this Agreement arising under the Age Discrimination in Employment Act (ADEA), as amended, and its implementing regulations. By
signing this Agreement, the Employee hereby acknowledges and confirms that:

 

		(i)	the
                                         Employee has read this Agreement in its entirety and understands all of its terms;

 

		(ii)	the
                                         Employee has received the OWBPA disclosure attached to this Agreement as Exhibit A;

 

		(iii)	by
                                         this Agreement, the Employee has been advised in writing of the right to consult with
                                         an attorney of the Employee’s choosing before executing this Agreement;

 

		(iv)	the
                                         Employee knowingly, freely, and voluntarily assents to all of the terms and conditions
                                         set out in this Agreement including, without limitation, the waiver, release, and covenants
                                         contained in it;

 

	 	 	 

		(v)	the
                                         Employee is executing this Agreement, including the waiver and release, in exchange for
                                         good and valuable consideration in addition to anything of value to which the Employee
                                         is otherwise entitled;

 

		(vi)	the
                                         Employee was given at least forty-five (45) days to consider the terms of this Agreement
                                         and consult with an attorney of the Employee’s choice, although the Employee may
                                         sign it sooner if desired and changes to this Agreement, whether material or immaterial,
                                         do not restart the running of the 45-day period;

 

		(vii)	the
                                         Employee understands that the Employee has seven (7) days after signing this Agreement
                                         to revoke the release in this paragraph by delivering notice of revocation to the Office
                                         of the General Counsel the Employer Group, 1500 Fourth Avenue, Suite 200, Seattle WA
                                         98101 by overnight delivery before the end of this seven-day period; and

 

		(viii)	the
                                         Employee understands that the release contained in this paragraph does not apply to rights
                                         and claims that may arise after the Employee signs this Agreement.

 

		5.	Knowing
                                         and Voluntary Acknowledgment. The Employee specifically agrees and acknowledges that:

 

		a.	the
                                         Employee has read this Agreement in its entirety and understands all of its terms;

 

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		b.	by
                                         this Agreement, the Employee has been advised of the right to consult with an attorney
                                         before executing this Agreement and has consulted with such counsel as the Employee deemed
                                         necessary;

 

		c.	the
                                         Employee knowingly, freely, and voluntarily assents to all of this Agreement’s
                                         terms and conditions including, without limitation, the waiver, release, and covenants
                                         contained in it;

 

		d.	the
                                         Employee is signing this Agreement, including the waiver and release, in exchange for
                                         good and valuable consideration in addition to anything of value to which the Employee
                                         is otherwise entitled;

 

		e.	the
                                         Employee is not waiving or releasing rights or claims that may arise after the Employee
                                         signs this Agreement; and

 

		f.	the
                                         Employee understands that the waiver and release in this Agreement is being requested
                                         in connection with the Employee’s termination of employment from the Employer Group.

 

The
Employee further acknowledges that the Employee is waiving and releasing claims under the Age Discrimination in Employment Act
(ADEA), as amended, and has had forty-five (45) days to consider the terms of this Agreement and consult with an attorney of the
Employee’s choice, although the Employee may sign it sooner if desired and changes to this Agreement, whether material or
immaterial, do not restart the 45- day period. Further, the Employee acknowledges that the Employee shall have an additional seven
(7) days from signing this Agreement to revoke consent to Employee’s release of claims under the ADEA by delivering notice
of revocation to Office of the General Counsel the Employer Group, 1500 Fourth Avenue, Suite 200, Seattle WA 98101 by overnight
delivery before the end of the seven-day period. In the event of a revocation by the Employee, the Employer Group has the option
of treating this Agreement as null and void in its entirety.

 

This
Agreement shall not become effective until the eighth (8th) day after the Employee and the Employer Group execute this Agreement
(“Effective Date”). No payments due to the Employee under this Agreement shall be made or begin before the
Effective Date. If the Employee revokes the Agreement, no payments shall be made.

 

		6.	Confidentiality
                                         of Agreement. The Employee agrees and covenants that the Employee shall not disclose
                                         any of the negotiations of, terms of, or amount paid under this Agreement to any individual
                                         or entity; provided, however, that the Employee will not be prohibited from making disclosures
                                         to the Employee’s spouse or domestic partner, attorney, tax advisors, or as may
                                         be required by law.

 

	 	This
    Section does not in any way restrict or impede the Employee from exercising

  

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	 	protected
    rights to the extent that such rights cannot be waived by agreement or from complying with any applicable law or regulation
    or a valid order of a court of competent jurisdiction or an authorized government agency, provided that such compliance does
    not exceed that required by the law, regulation, or order.

 

 

		7.	Remedies.
                                         In the event of a breach or threatened breach by the Employee of any of the provisions
                                         of this Agreement, the Employee hereby consents and agrees that the Employer shall be
                                         entitled to seek, in addition to other available remedies, a temporary or permanent injunction
                                         or other equitable relief against such breach or threatened breach from any court of
                                         competent jurisdiction, without the necessity of showing any actual damages or that money
                                         damages would not afford an adequate remedy. Any equitable relief shall be in addition
                                         to, not in lieu of, legal remedies, monetary damages, or other available relief.
	 	 	 
	 	 	If
                                         the Employee fails to comply with any of the terms of this Agreement or post-termination
                                         obligations contained in it, or if the Employee revokes the ADEA release contained in
                                         Section 4 within the seven-day revocation period, the Employer may, in addition to any
                                         other remedies it may have, reclaim any amounts paid to the Employee under the provisions
                                         of this Agreement or terminate any benefits or payments that are later due under this
                                         Agreement, without waiving the releases provided in it.
	 	 	 
	 	 	The
                                         Parties mutually agree that this Agreement can be specifically enforced in court and
                                         can be cited as evidence in legal proceedings alleging breach of the Agreement.

  

		8.	Successors
                                         and Assigns.

 

		a.	Assignment
                                         by the Employer Group
	 	 	 
	 	The Employer Group may freely assign this Agreement at any time. This Agreement shall inure to the benefit of the Employer Group and its successors and assigns.

  

		b.	No
                                         Assignment by the Employee
	 	 	 
	 	The Employee may not assign this Agreement in whole or in part. Any purported assignment by the Employee shall be null and void from the initial date of the purported assignment.

  

		9.	Waiver
                                         of Jury Trial. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
                                         EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
                                         ACTION, PROCEEDING, CAUSE OF ACTION OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
                                         AGREEMENT, INCLUDING ANY EXHIBITS, SCHEDULES, AND APPENDICES ATTACHED TO THIS AGREEMENT,
                                         OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

		10.	Governing
                                         Law, Jurisdiction, and Venue. This Agreement and all matters arising out of or relating
                                         to this Agreement and the Employee’s employment by Maven Coalition, Inc.,

 

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	 	whether
    sounding contract, tort, or statute, for all purposes shall be governed by and construed in accordance with the laws of Washington
    (including its statutes of limitations) without regard to any conflicts of laws principles that would require the laws of
    any other jurisdiction to apply. Any action or proceeding by either of the Parties to enforce this Agreement shall be brought
    only in any state or federal court located in the state of Washington, King county. The Parties hereby irrevocably submit
    to the exclusive jurisdiction of these courts and waive the defense of inconvenient forum to the maintenance of any action
    or proceeding in these venues.

  

		11.	Entire
                                         Agreement. Unless specifically provided herein, this Agreement contains all of the
                                         understandings and representations between Employer Group and Employee relating to the
                                         subject matter hereof and supersedes all prior and contemporaneous understandings, discussions,
                                         agreements, representations, and warranties, both written and oral, regarding such subject
                                         matter; provided, however, that nothing in this Agreement modifies, supersedes, voids,
                                         or otherwise alters Employee’s Employee Confidentiality and Proprietary Rights
                                         Agreement dated as of July 22, 2016 which shall continue to be of full force and effect
                                         in accordance with its terms.

 

		12.	Modification
                                         and Waiver. No provision of this Agreement may be amended or modified unless such
                                         amendment or modification is agreed to in writing and signed by the Employee and by an
                                         officer of the Employer. No waiver by either Party of any breach by the other party of
                                         any condition or provision of this Agreement to be performed by the other party shall
                                         be deemed a waiver of any similar or dissimilar provision or condition at the same or
                                         any prior or subsequent time, nor shall the failure of or delay by either of the Parties
                                         in exercising any right, power, or privilege under this Agreement operate as a waiver
                                         thereof to preclude any other or further exercise thereof or the exercise of any other
                                         such right, power, or privilege.

 

		13.	Severability.
                                         Should any provision of this Agreement be held by a court of competent jurisdiction to
                                         be enforceable only if modified, or if any portion of this Agreement shall be held to
                                         be unenforceable and thus stricken, such holding shall not affect the validity of the
                                         remainder of this Agreement, the balance of which shall continue to be binding upon the
                                         Parties with any such modification to become a part hereof and treated as though originally
                                         set forth in this Agreement.

 

	 	The
    Parties further agree that any such court is expressly authorized to modify any such unenforceable provision of this Agreement
    instead of severing such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision,
    deleting any or all of the offending provision, adding additional language to this Agreement, or by making such other modifications
    as it deems necessary to carry out the intent and agreement of the Parties as embodied in this Agreement to the maximum extent
    permitted by law.
	 	 
	 	The
    Parties expressly agree that this Agreement as so modified by the court shall be binding upon and enforceable against each
    of them. If any provision of this Agreement is held to be invalid, illegal, or unenforceable in any respect, such invalidity,
    illegality, or unenforceability shall not affect any other provisions hereof, and if such provision or provisions are not
    modified as provided above, this Agreement shall be construed as if such invalid, illegal, or unenforceable provisions had
    not been set forth in it.

 

    	7 

     

    

  

		14.	Captions.
                                         Captions and headings of the sections and paragraphs of this Agreement are intended solely
                                         for convenience and no provision of this Agreement is to be construed by reference to
                                         the caption or heading of any section or paragraph.

 

		15.	Counterparts.
                                         The Parties may execute this Agreement in counterparts, each of which shall be deemed
                                         an original, and all of which taken together shall constitute one and the same instrument.
                                         Delivery of an executed counterpart’s signature page of this Agreement by facsimile,
                                         email in portable document format (.pdf), or by any other electronic means intended to
                                         preserve the original graphic and pictorial appearance of a document has the same effect
                                         as delivery of an executed original of this Agreement.

 

		16.	No
                                         Admission of Liability. Nothing in this Agreement shall be construed as an admission
                                         by the Employer Group of any wrongdoing, liability, or noncompliance with any federal,
                                         state, city, or local rule, ordinance, statute, common law, or other legal obligation.

 

		17.	Notices.
                                         All notices under this Agreement must be given in writing by personal delivery/regular
                                         mail/receipted email at the addresses indicated in this Agreement or any other address
                                         designated in writing by either party. When providing written notice to the Employer,
                                         the Employee must provide a copy to the Employer’s General Counsel at the address
                                         below.

 

	 	Notice
    to the Employer:

   

	 	1500
    Fourth Avenue
	 	Suite
    200
	 	Seattle,
    WA 98101
	 	Attn:
    Human Resources Manager
	 	Email:
    hr@maven.io

 

	 	With
    a copy which shall not constitute notice to: 

 

	 	1500
    Fourth Avenue
	 	Suite
    200
	 	Seattle,
    WA 98101
	 	Attn:
    Robert Scott, General Counsel
	 	Email:
    rscott@maven.io

  

	 	Notice
    to the Employee:

  

	 	____________________________
	 	____________________________
	 	____________________________
	 	Email: _______________________

  

    	8 

     

    

 

  

		18.	Tolling.
                                         If the Employee violates any of the post-termination obligations in this Agreement, the
                                         obligation at issue will run from the first date on which the Employee ceases to be in
                                         violation of such obligation.

 

		19.	Attorneys’
                                         Fees and Costs. If the Employee breaches any terms of this Agreement or the post-termination
                                         obligations referenced in it, to the extent authorized by Washington law, the Employee
                                         will be responsible for payment of all reasonable attorneys’ fees and costs that
                                         Employer incurred in the course of enforcing the terms of the Agreement, including demonstrating
                                         the existence of a breach and any other contract enforcement efforts.

 

		20.	Section
                                         409A. This Agreement is intended to comply with, or be exempt from, Section 409A
                                         of the Internal Revenue Code of 1986, as amended (the “Code” and such section
                                         of the Code, “Section 409A”), and shall be construed and administered in
                                         accordance with such intent. Notwithstanding any other provision of this Agreement, payments
                                         provided under this Agreement may only be made upon an event and in a manner that complies
                                         with Section 409A or an applicable exemption. Any payments under this Agreement that
                                         may be excluded from Section 409A as separation pay due to an involuntary separation
                                         from service, as a short-term deferral, as a settlement payment pursuant to a bona fide
                                         legal dispute, or otherwise shall be excluded from Section 409A to the maximum extent
                                         possible. For purposes of Section 409A, any installment payments provided under this
                                         Agreement shall each be treated as a separate payment, and the Employee’s right
                                         to receive any installment payment pursuant to this Agreement shall be treated as a right
                                         to receive a series of separate and distinct payments. To the extent required under Section
                                         409A, any payments to be made under this Agreement upon a termination of employment shall
                                         only be made upon a “separation from service” under Section 409A. Notwithstanding
                                         any other provision of this Agreement, if any payment or benefit provided to the Employee
                                         in connection with the Employee’s termination of employment is determined to constitute
                                         “nonqualified deferred compensation” within the meaning of Section 409A and
                                         the Employee is determined to be a “specified employee” as defined in Section
                                         409A(a)(2)(b)(i) of the Code, then such payment or benefit shall not be paid until the
                                         first payroll date to occur following the six (6)-month anniversary of the termination
                                         date or, if earlier, on the Employee’s death (the “Specified Employee
                                         Payment Date”). The aggregate of any payments that would otherwise have been
                                         paid before the Specified Employee Payment Date will be paid to the Employee in a lump
                                         sum on the Specified Employee Payment Date, without interest, and thereafter, any remaining
                                         payments shall be paid without delay in accordance with their original schedule. Notwithstanding
                                         the foregoing, the Employer Group makes no representations that the payments and benefits
                                         provided under this Agreement comply with, or are exempt from, Section 409A and in no
                                         event shall the Employer Group be liable for all or any portion of any taxes, penalties,
                                         interest, or other expenses that may be incurred by the Employee on account of any failure
                                         or alleged failure to comply with, or be exempt from, with Section 409A.

 

    	9 

     

    

  

		21.	Acknowledgment
                                         of Full Understanding. THE EMPLOYEE ACKNOWLEDGES AND AGREES THAT THE EMPLOYEE HAS
                                         FULLY READ, UNDERSTANDS, AND VOLUNTARILY ENTERS INTO THIS AGREEMENT. THE EMPLOYEE ACKNOWLEDGES
                                         AND AGREES THAT THE EMPLOYEE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH
                                         AN ATTORNEY OF THE EMPLOYEE’S CHOICE BEFORE SIGNING THIS AGREEMENT. THE EMPLOYEE
                                         FURTHER ACKNOWLEDGES THAT THE EMPLOYEE’S SIGNATURE BELOW IS AN AGREEMENT TO RELEASE
                                         MAVEN COALITION, INC. AND ITS AFFILIATES FROM ANY AND ALL CLAIMS THAT CAN BE RELEASED
                                         AS A MATTER OF LAW.

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the Execution Date above.

 

	 	MAVEN
    COALITION, INC.
	 	 	
	 	By	       
	 	Name:	 
	 	Title:	

  

	EMPLOYEE	 
	 	 	 
	Signature:
    	        	 
	 	 	 
	Print
    Name:	 	 

 

    	10 

     

    

 

EMPLOYEE
CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT

 

William
Sornsin

 

This
EMPLOYEE CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT (“Agreement”) is entered into effective July 22,
2016 by and between AMPLIFY MEDIA NETWORK, INC., a Nevada corporation, on its behalf and on behalf of itself, its
subsidiaries and other corporate affiliates thereof (“Company”) and William Sornsin (“Employee”).
In consideration of the employment of Employer by the Employer, the Employer and Employee hereby agree as follows

 

		1.	Confidentiality
                                         Obligations.

 

1.1
Employee understands and acknowledges that during the course of employment by the Company, Employee will have access to and learn
about confidential, secret and proprietary documents, materials, data and other information, in tangible and intangible form,
of and relating to the Company and its businesses and existing and prospective customers, suppliers, investors and other associated
third parties (“Confidential Information”). Employee further understands and acknowledges that this Confidential
Information and the Company’s ability to reserve it for the exclusive knowledge and use of the Company is of great competitive
importance and commercial value to the Company, and that improper use or disclosure of the Confidential Information by Employee
will cause irreparable harm to the Company, for which remedies at law will not be adequate and may also cause the Company to incur
losses, damages and also liabilities to third parties.

 

1.2
“Confidential Information” includes, but is not limited to, all information not generally known to the public,
in spoken, printed, electronic or any other form or medium, relating directly or indirectly to: business processes, practices,
methods, policies, plans, publications, documents, research, operations, services, strategies, techniques, agreements, contracts,
terms of agreements, transactions, potential transactions, negotiations, know-how, trade secrets, computer programs, computer
software, applications, operating systems, software design, web design, work-in-process, databases, manuals, records, articles,
systems, material, sources of material, supplier information, vendor information, financial information, results, legal information,
marketing information, advertising information, pricing information, design information, personnel information, suppliers, vendors,
developments, reports, sales, revenues, costs, formulae, product plans, designs, styles, models, ideas, inventions, patent, patent
applications, original works of authorship, discoveries, specifications, customer information, client information, the Company,
or its businesses or any existing or prospective customer, supplier, investor or other associated third party, or of any other
person or entity that has entrusted information to the Company in confidence. Confidential Information also includes other information
that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to
be confidential or proprietary in the context and circumstances in which the information is known or used. Confidential Information
developed by Employee in the course of the employment of Employee by the Company shall be subject to the terms and conditions
of this Agreement as if the Company furnished the same Confidential Information to Employee in the first instance.

 

		2.	Disclosure
                                         and Use Restrictions.

 

		2.1	Employee
                                         agrees and covenants to

 

		(a).	Treat
                                         all Confidential Information as strictly confidential;

 

    	1

     

    

  

(b).Not
to directly or indirectly disclose, publish, communicate or make available Confidential Information, or allow it to be disclosed,
published, communicated or made available, in whole or part, to any entity or person whatsoever not having a need to know and
authority to know and use the Confidential Information in connection with the business of the Company and, in any event, not to
anyone outside of the direct employ of the Company except as required in the performance of Employee’s authorized employment
duties to the Company; and

 

(c).Not
to access or use any Confidential Information, and not to copy any documents, records, files, media or other resources containing
any Confidential Information, or remove any such documents, records, files, media or other resources from the premises or control
of the Company, except as required in the performance of Employee’s authorized employment duties to the Company.

 

Nothing
herein shall be construed to prevent disclosure of Confidential Information as may be required by applicable law or regulation,
or pursuant to the valid order of a court of competent jurisdiction or an authorized government agency, provided that the disclosure
does not exceed the extent of disclosure required by such law, regulation or order.

 

2.2
Employee understands and acknowledges that the obligations of Employee under this Agreement with regard to any particular Confidential
Information shall commence immediately upon Employee first having access to such Confidential Information (whether before or after
Employee begins employment by the Company) and shall continue during and after the employment of Employee by the Company until
such time as such Confidential Information has become public knowledge other than as a result of Employee’s breach of this
Agreement or breach by those acting in concert with Employee or on Employee’s behalf.

 

3.
Scout Media Restriction. Employee agrees that Employee shall not while an employee of the Company and for twelve (12) months
after the termination of the employment with the Company for any reason whatsoever, directly or indirectly, individually, by and
through one or more of the affiliates of Employee, another person, or otherwise, in other capacity, work for, work with, provides
goods or services to, or otherwise enter into any business or other relationship with, Scout Media, Inc. or any of the affiliates,
successors or assigns of Scout Media, Inc. Employee agrees that since the breach or threatened breach of this Section 3 would
give rise to irreparable injury to Company, which injury would be inadequately compensable in money damages, the Company may seek
and obtain injunctive relief from any such breach or threatened breach, in addition to and not in limitation of any other legal
remedies that may be available. Employee acknowledges that the covenants contained in this Section are necessary for the protection
of the business interests of the Company and are reasonable in scope, content, and duration. If Employee breaches this Section
3, then 12 month period shall be extended until after the period of violation ceases.

 

 4. Proprietary Rights.

 

4.1
Work Product. Employee acknowledges and agrees that all writings, works of authorship, technology, inventions, discoveries,
ideas and other work product of any nature whatsoever, that are created, prepared, produced, authored, edited, amended, conceived
or reduced to practice by Employee individually or jointly with others during the period of the employment of Employee by the
Company and relating in any way to the business or contemplated business, research or development of the Company (regardless of
when or where the Work Product is prepared or whose equipment or other resources is used in preparing the same) and all printed,
physical and electronic copies, all improvements, rights and claims related to the foregoing, and other tangible embodiments thereof
(collectively, “Work Product”), as well as any and all rights in and to copyrights, trade secrets, trademarks
(and related goodwill), mask works, patents and other intellectual property rights therein arising in any jurisdiction throughout
the world and all related rights of priority under international conventions with respect thereto, including all pending and future
applications and registrations therefor, and continuations, divisions, continuations-in-part, reissues, extensions and renewals
thereof (collectively, “Intellectual Property”), shall be the sole and exclusive property of the Company.

 

    	2

     

    

  

4.2
Work Made for Hire; Assignment. Employee acknowledges that, by reason of being employed by the Company at the relevant
times, to the extent permitted by law, all of the Work Product consisting of copyrightable subject matter is “work made
for hire” as defined in the Copyright Act of 1976 (17 U.S.C. § 101), and such copyrights are therefore owned by
the Company. To the extent that the foregoing does not apply, Employee hereby irrevocably assigns to the Company, for no additional
consideration, Employee’s entire right, title and interest in and to all Work Product and Intellectual Property therein,
including the right to sue, counterclaim and recover for all past, present and future infringement, misappropriation or dilution
thereof, and all rights corresponding thereto throughout the world. Nothing contained in this Agreement shall be construed to
reduce or limit the Company’s rights, title or interest in any Work Product or Intellectual Property so as to be less in
any respect than that the Company would have had in the absence of this Agreement. To the extent any copyrights are assigned under
this Agreement, Employee hereby irrevocably waives, to the extent permitted by applicable law, any and all claims Employee may
now or hereafter have in any jurisdiction to all rights of paternity, integrity, disclosure and withdrawal and any other rights
that may be known as “moral rights” with respect to all Work Product and all Intellectual Property therein.

 

4.3
Cooperation. During and after the employment of Employee, Employee agrees to reasonably cooperate with the Company at the
Company’s expense to (i) apply for, obtain, perfect and transfer to the Company the Work Product and Intellectual Property
in the Work Product in any jurisdiction in the world; and (ii) maintain, protect and enforce the same, including, without limitation,
executing and delivering to the Company any and all applications, oaths, declarations, affidavits, waivers, assignments and other
documents and instruments as shall be requested by the Company. Employee hereby irrevocably grants the Company power of attorney
to execute and deliver any such documents on Employee’s behalf in the name of Employee and to do all other lawfully permitted
acts to transfer the Work Product to the Company and further the transfer, issuance, prosecution and maintenance of all Intellectual
Property therein, to the full extent permitted by law, if Employee does not promptly cooperate with the Company’s request
(without limiting the rights the Company shall have in such circumstances by operation of law). The power of attorney is coupled
with an interest and shall not be effected by Employee’s subsequent incapacity.

 

Washington
Law. Pursuant to the laws of Washington, this Section 4 does not apply to Intellectual Property protected by RCW 49.44.140
for which no Company trade secrets, Confidential Information, no equipment, supplies, or facilities of Company were used and which
was developed entirely on Employee’s own time, unless: (i) the invention relates directly to the business of Company, (ii)
the invention relates to actual or demonstrably anticipated research or development work of Company, or (iii) the invention results
from any work performed by Employee for Company. To determine whether Employee has an obligation to assign particular Intellectual
Properties to Company, Employee shall promptly make full written disclosure to Company of all Intellectual Properties that Employee
makes or on which Employee is working during the term of Employee’s employment. Employee represents and warrants that no
Intellectual Property developed prior to or outside the scope of employment shall be used in the course of Employee’s employment
unless such work is owned solely by Employee and is specifically identified to Company in writing in advance of any use and Company
agrees in writing to such use. If and to the extent that Employee makes use, in the course of Employee’s employment, of
any item of Intellectual Property developed and owned by Employee outside of the scope of this Agreement, Employee hereby grants
Company a nonexclusive, royalty-free, perpetual, irrevocable, worldwide license (with right to sublicense) to make, use, sell,
copy, distribute, modify, and otherwise to practice and exploit any and all such item of Intellectual Property.

 

    	3

     

    

  

5.
IP Usage; Return of IP. Employee agrees and covenants (i) to comply with all Company security policies and procedures as
in force from time to time; (ii) not to access or use any facilities and information technology resources except as authorized
by Company; and (iii) not to access or use any facilities and information technology resources in any manner after the termination
of Employee’s employment by the Company, whether termination is voluntary or involuntary. Upon the (i) voluntary or involuntary
termination of Employee’s employment or (ii) the Company’s request at any time during Employee’s employment,
Employee shall (a) provide or return to the Company any and all Company property and all Company documents and materials belonging
to the Company and stored in any fashion, including but not limited to those that constitute or contain any Confidential Information
or Work Product, that are in the possession or control of Employee, whether they were provided to Employee by the Company or any
of its business associates or created by Employee in connection with the employment of Employee by the Company; and (b) delete
or destroy all copies of any such documents and materials not returned to the Company that remain in Employee’s possession
or control, including those stored on any non-Company devices, networks, storage locations and media in Employee’s possession
or control.

 

6.
Remedies. Employee acknowledges that the Confidential Information of the Company and the Company’s ability to reserve
it for the exclusive knowledge and use of the Company is of great competitive importance and commercial value to the Company,
and that improper use or disclosure of the Confidential Information will cause irreparable harm to the Company, for which remedies
at law will not be adequate. In the event of a breach or threatened breach by Employee of any of the provisions of this Agreement,
Employee hereby consents and agrees that the Company shall be entitled to seek, in addition to other available remedies, a temporary
or permanent injunction or other equitable relief against such breach or threatened breach from any court of competent jurisdiction,
without the necessity of showing any actual damages or that monetary damages would not afford an adequate remedy, and without
the necessity of posting any bond or other security. The aforementioned equitable relief shall be in addition to, not in lieu
of, legal remedies, monetary damages or other available forms of relief.

 

7.
General Provisions.

 

7.
I Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
taken together shall constitute one and the same instrument.

 

7.2
Assignment and Transfer. This Agreement shall not be terminated by the merger or consolidation of Company with any corporate
or other entity or by the transfer of all or substantially all of the assets of Company to any other person, corporation, firm,
or entity. The provisions of this Agreement shall be binding on and shall inure to the benefit of any successors, assigns, and
administrators of the Company. Employee cannot assign this Agreement or any of the rights, duties, or obligations of Employee
under this Agreement.

 

7.3 License.
This Agreement does not, and shall not be construed to, grant Employee any license or right of any nature with respect to any
Work Product or Intellectual Property or any Confidential Information, materials, software or other tools made available to
Employee by the Company.

 

7.4
Entire Agreement. Unless specifically provided herein, this Agreement contains all the understandings and representations
between Employee and the Company pertaining to the subject matter hereof and supersedes all prior and contemporaneous understandings,
agreements, representations and warranties, both written and oral, with respect to such subject matter.

 

    	4

     

    

 

7.5
Governing Law; Jurisdiction and Venue. This Agreement, for all purposes, shall be construed in accordance with the laws
of Washington without regard to conflicts-of-law principles. Any action or proceeding by either party to enforce this Agreement
shall be brought only in any state or federal court located in the state of Washington, county of King. The parties hereby irrevocably
submit to the exclusive jurisdiction of such courts in Washington.

 

7.6 Modification
and Waiver. No provision of this Agreement may be amended or modified unless such amendment or modification is agreed to
in writing and signed by Employee and by a duly authorized officer of the Company, other than Employee. No waiver by either
of the parties of any breach by the other party hereto of any condition or provision of this Agreement to be performed by the
other party hereto shall be deemed a waiver of any similar or dissimilar provision or condition at the same or any prior or
subsequent time, nor shall the failure of or delay by either of the parties in exercising any right, power or privilege
hereunder operate as a waiver thereof to preclude any other or further exercise thereof or the exercise of any other such
right, power or privilege.

 

7.7
Non-disparagement; Publicity. Employee will not at any time make, publish or communicate to any person or entity or in
any public forum any defamatory or disparaging remarks, comments or statements concerning the Company’s products or services,
or make any maliciously false statements about the Company’s employees, officers and owners. Employee consents to any and
all uses and displays, by the Company and its agents, of Employee’s name, voice, likeness, image, appearance and biographical
information in, on or in connection with any pictures, photographs, audio and video recordings, images, websites, and advertising
at any time during or after the period of employment by the Company, for all legitimate business purposes of the Company.

 

7.8 Severability.
Should any provision of this Agreement be held by a court of competent jurisdiction to be enforceable only if modified, or if
any portion of this Agreement shall be held as unenforceable and thus stricken, such holding shall not affect the validity of
the remainder of this Agreement, the balance of which shall continue to be binding upon the parties with any such
modification to become a part hereof and treated as though originally set forth in this Agreement. The parties further agree
that any such court is expressly authorized to modify any such unenforceable provision of this Agreement in lieu of severing
such unenforceable provision from this Agreement in its entirety, whether by rewriting the offending provision, deleting any
or all of the offending provision, adding additional language to this Agreement or by making such other modifications as it
deems warranted to carry out the intent and agreement of the parties as embodied herein to the maximum extent permitted by
law. In any event, should one or more of the provisions of this Agreement be held to be invalid, illegal or unenforceable in
any respect, such invalidity, illegality or unenforceability shall not affect any other provisions hereof, and if such
provision or provisions are not modified as provided above, this Agreement shall be construed as if such invalid, illegal or
unenforceable provisions had not been set forth herein.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	5

     

    

 

[Signature
Page to

 

EMPLOYEE
CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT]

 

William
Sornsin

 

	AMPLIFY MEDIA NETWORK, INC.,	 
	 	 
	Bill Sornsin	 
	 	 
	By:	Bill
Sormsin	 
	Title:	COO	 

 

	 	William
    Sornsin
	 	 
		
	 	Signature:	
/s/ William Sornsin
	 	Print
    Name:	

        
WILLIAM SORNSIN
	 	Dated
    as of:	7/22/2016

        

 

    	6

     

    

 

AMPLIFY
MEDIA NETWORK, INC.

 

July
18, 2016

 

Bill
Sornsin 

Seattle, Washington

 

Dear
Bill:

 

We
are excited and honored to welcome you as a co-founder of Amplify Media Network, Inc., a newly fonned Nevada corporation, and
pleased to offer you the position of Chief Operating Officer effective as of July 18, 2016. You will be based in Seattle and report
to James Heckman. This letter covers all the material issues related to your employment and following this letter, a more complete
document will be provided outlining Company and Employee policies and further details of compensation and equity.

 

Your
starting annual salary will be $250,000, to be paid over 26 pay periods or semimonthly.

 

In
connection with the initial fonnation of the Company and pursuant to a founder stock purchase agreement (referred as the “Founder
Agreement”) the Company will also issue to you 435,000 shares of common stock of the Company at $0.001 per share, which
is 14.5% of the initial fully diluted capitalization table as of the founding of the Company, prior to any capital invested. Of
course, once capital is invested, all stock of the Company will be subject to dilution on a “pro-rata” basis. For
example, if you owned 1.0% of the Company and the Company sold 50% ownership to investors, your ownership would dilute to 0.50%
of the Company. The Company agrees that in the event of any dilution, investment, added preferences or other transaction that
materially affects your equity, you will promptly be infonned of such transaction and its effect on your ownership.

 

The
initial pro-forma capitalization table is Attachment A.

 

Pursuant
to the Founder Agreement, your stock in the Company will be subject, among other restrictions, to a Company buy-back at the original
purchase price, if you leave the Company according to the following schedule:

 

		●	If
                                         your employment ends prior to your I-year anniversary, the Company may purchase 100%
                                         of all stock.
	 	 	 
		●	If
                                         your employment ends during years 2 or 3 of your employment, for each month remaining
                                         under three years, the Company may purchase 1136th of the stock granted to you.

 

For
example, if you left after 24 months, the Company could buy back I/3rd of your stock (12 months remaining* 1/36 = 1/3).

 

Since
the Company can repurchase your stock, you will have the option to make an IRC 83(b) election. We encourage you to discuss with
your tax advisor. The Section 83(b) election has to be made within 30 days.

 

    	 	 	 

     

    

 

You
will also receive these major benefits as a full-time employee of Amplify Media Network, Inc.:

 

		●	Health,
                                         Vision, 401 K and Dental coverage through a flexible benefit plan will be effective the
                                         1st of the month following employment. Until then, the Company will reimburse premium(s)
                                         for your COBRA or other health care plan.

 

		●	You
                                         will be eligible for Paid Time Off (PTO) based on the company’s policy for all
                                         new hires. You will start accruing 120 hours of PTO each year per the Company’s
                                         PTO policy. The total PTO will be prorated for the first year.

 

The
salary and benefits are subject to periodic review and may be changed according to company procedures. We reserve the right, as
you do, to terminate your employment at any time for any reason.

 

You
will have access to the trade secrets, business plans, and production processes of the Company. You will be required to sign a
Confidentiality and Proprietary Rights Agreement. This Confidentiality and Proprietary Rights Agreement including your agreement
not to work for Scout Media for one year after your employment ends.

 

By
accepting this offer, you are representing that you have no prior obligations to, or agreements with, past or current employers
that would preclude you from working for or inhibit your ability to fulfill your responsibilities as an employee of the Company.
Additionally, you agree that you will not use or disclose to the Company any confidential or proprietary information not otherwise
in the public domain that you obtained from any other employer or entity. Should you have any questions or concerns regarding
your prior commitments, please contact me so that we can ensure all issues are resolved.

 

Federal
law requires us to formally verify your eligibility for employment in the United States. Please bring your identification document(s)
with you on your first day. You will need to bring two forms of ID. These can be a combination of your driver’s license,
social security card, birth certificate or passport.

 

We
are very excited about the future of the company and all that you will accomplish in this new position. Please let me know if
you have any questions.

 

Sincerely,

 

Bill
Sornsin

 

Chief
Operating Officer, Amplify Media Network, Inc.

 

Please
sign below indicating your acceptance of the above terms and conditions for the position.

 

	

        /s/ Bill Sornsin
	 	7/18/2016

        

        

	Name	 	DateExhibit 10.86

  

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This
Executive Employment Agreement (this “Agreement”) is made and entered into as of [May 1, 2019] between TheMaven,
Inc., a Delaware corporation (the “Company”) and Douglas

B.
Smith, an individual (the “Executive”).

 

RECITALS

 

WHEREAS,
the Company desires to employ the Employee as its Chief Financial Officer, and the Employee desires to accept this offer of employment,
effective as of the Effective Date.

 

WHEREAS,
pursuant to a Service Agreement dated as of March 1, 2019 by and between Maven Coalition, Inc., a Nevada corporation and wholly-owned
subsidiary of the Company and Hampshire Road Advisors, LLC, a New York limited liability company (the “Prior Agreement”),
Hampshire Road Advisors, LLC has furnished the services of the Executive (the “Prior Services”) to the Company
and its affiliates.

 

WHEREAS,
the Company and the Executive have determined that the terms and conditions of this Agreement are reasonable and in their mutual
best interests and accordingly desire to enter into this Agreement in order to provide for the terms and conditions upon which
the Executive shall be employed by the Company.

 

NOW
THEREFORE, in consideration of the foregoing and the respective covenants, agreements and representations and warranties set
forth herein, the parties to this Agreement, intending to be legally bound, agree as follows:

 

Article
1.

TERMS
OF EMPLOYMENT

 

1.1.
Employment and Acceptance.

 

(a).
Employment and Acceptance. On and subject to the terms and conditions of this Agreement, the Company shall employ the Executive
and the Executive hereby accepts such employment.

 

(b).
Title: Executive shall have the title of: Chief Financial Officer.

 

(c).
Responsibilities and Duties. The Executive’s duties shall consist of such duties and responsibilities as are consistent
with the position of a Chief Financial Officer and reporting officer of Parent, including those duties listed in Exhibit A
hereto and such other duties and responsibilities as are mutually determined from time to time by the Company’s Chief
Executive Officer (the “CEO”) and Executive. Executive shall attend mandatory monthly leadership meetings (“Executive
Meetings”), in-person, in Seattle, or in such other locations as the CEO may reasonably determine which shall be timed
to coincide with Executive’s time in Seattle or such other locations. Any change in advisor status must be disclosed by
the Executive to Company and any additions to the Executive’s responsibilities with such companies he advises must be first
approved by Company in writing, email to be sufficient.

 

    	1 

     

    

 

(d).
Reporting. The Executive shall report directly to the CEO, unless otherwise directed by the Board.

 

(e).
Performance of Duties; Travel. With respect to Executive’s duties hereunder, at all times, the Executive shall be
subject to the instructions, control, and direction of the Board, and act in accordance with the Company’s Certificate of
Incorporation, Bylaws and other governing policies, rules and regulations, except to the extent that the Executive is aware that
such documents conflict with applicable law. The Executive shall devote Executive’s business time, attention and ability
to serving the Company on an exclusive and full-time basis as aforesaid and as the Board may reasonably require. The Executive
shall also travel as required by Executive’s duties hereunder and shall comply with the Company’s then-current travel
policies as approved by the Board.

 

(f).
Location. Executive shall be based in New York, NY. Nevertheless it is expressly understood that Executive’s duties
will require him to travel regularly out of the New York area for periods of time. Executive shall spend not less than two days
and one night per month on average in Seattle, Washington (or other locations where Executive Meetings will be held as approved
by the CEO), which shall be coordinated with the Executive Meetings. The Executive will attend all quarterly in person meetings
of the Board and will be expected to travel to attend major conferences as reasonably required. Company shall reimburse Executive
for reasonable and appropriate cost of travel between New York and Seattle, Washington and lodging and transportation in Seattle,
Washington.

 

(g).
Officer. The Executive shall, if requested, also serve as an officer of any affiliate of the Company for no additional
compensation.

 

1.2
Compensation and Benefits.

 

(a).
Annual Salary. The Executive shall receive an annual salary of $400,000 for each year (the “Annual Salary”).
Salary shall be payable on a semi-monthly basis or such other payment schedule as used by the Company for its senior-level Executives
from time to time, less such deductions as shall be required to be withheld by applicable law and regulation and consistent with
the Company’s practices. The Annual Salary payable to the Executive will be reviewed annually by the Board.

 

(b).
Bonuses. The Executive shall be eligible to receive bonuses (each a “Bonus” and collectively, the “Bonuses”)
to be agreed by Company and the Executive in good faith from time to time based on then current financial status of the Company.

 

(c).
Payment of Bonuses. The Bonuses, if any, will be paid within forty-five (45) days after the end of the applicable fiscal
quarter.

 

(d).
Eligibility for Bonuses. Except as otherwise provided in Section 5, in order to be eligible to receive a Bonus, the Executive
must be employed by the Company on the last day of the applicable fiscal quarter.

 

    	2 

     

    

 

(e).
Equity Incentives. Parent has previously granted to the Executive options to purchase up to an aggregate of 2,564,008 shares
of Parent’s common stock (the “Options”) subject to vesting and other conditions described therein. In
connection with the Options:

 

(i).
The parties agree that the Prior Service and the Executive’s services hereunder shall be deemed to constitute continuous
service for the purposes of the vesting of the Options.

 

(ii).
The Executive acknowledges that at the time of the grants, the shares underlying the Options are not authorized and available
for issuance, therefore the Options are considered to be unfunded options. The Executive agrees that no part of the Options may
be exercised until the later of the increase in the authorized shares of common stock of Parent in sufficient number of shares
to permit the exercise from time to time of such Option or the later completion of the vesting conditions and exercise date as
set forth therein.

 

(f).
Expenses. The Executive shall be reimbursed for all ordinary and necessary out-of- pocket business expenses reasonably
and actually incurred or paid by the Executive in the performance of the Executive’s duties in accordance with the Company’s
policies upon presentation of such expense statements or vouchers or such other supporting information as the Company may require.

 

(g).
Benefits. The Executive shall be entitled to fully participate in all benefit plans that are in place and available to
senior-level Executives of the Company from time to time, including, without limitation, medical, dental, vision and life insurance
(if offered), in each case subject to the general eligibility, participation and other provisions set forth in such plans.

 

(h).
Paid Time Off. The Executive shall be entitled to paid time off based on the Company’s policies in effect from time
to time, provided such entitled shall not be less than four weeks annually.

 

(i).
Clawback Provisions. Notwithstanding any other provisions in this Agreement to the contrary, any incentive-based compensation,
or any other compensation, paid to the Executive pursuant to this Agreement or any other agreement or arrangement with the Company
which is subject to recovery under any law, government regulation, or stock exchange listing requirement, will be subject to such
deductions and clawback as may be required to be made pursuant to such law, government regulation, or stock exchange listing requirement.

 

1.3
Term; Termination of Employment.

 

(a).
Term. The Executive’s employment hereunder shall commence on the May 1, 2019 (the “Effective Date”)
and shall continue until terminated earlier pursuant to Section 1.3(b) of this Agreement. The period during which the Executive
is employed by the Company hereunder is hereinafter referred to as the “Term.”

 

(b).
Early Termination. The term of this Agreement may be earlier terminated by the Executive or the Company as follows:

 

(i).
Termination for Cause. The Company may terminate the Executive’s employment at any time for Cause upon written notice
to the Executive setting forth the termination date and, in reasonable detail, the circumstances claimed to provide a basis for
termination pursuant to this Section 1.3(b)(i), without any requirement of a notice period and without payment of any compensation
of any nature or kind; provided, however, that if the Cause is pursuant to subsections (i), (ii), (vi) or (vii)
of the definition of Cause (appearing below), the Chief Executive Officer must give the Executive the written notice referenced
above within (30) days of the date that the Chief Executive becomes aware or has knowledge of, or reasonably should have become
aware or had knowledge of, such act or omission, and the Executive will have forty- five (45) days to cure such act or omission.

 

    	3 

     

    

 

(ii).
Termination without Cause. The Company may terminate the Executive’s employment at any time without Cause upon written
notice to the Executive, subject to Section 1.3(c) and 1.3(d).

 

(iii).
Permanent Incapacity. In the event of the “Permanent Incapacity” of the Executive (which shall mean
by reason of illness or disease or accidental bodily injury, the Executive is so disabled that the Executive is unable to ever
work again), the Executive may thereupon be terminated by the Company upon written notice to the Executive without payment of
any severance of any nature or kind (including, without limitation, by way of anticipated earnings, damages or payment in lieu
of notice); provided that, in the event of the Executive’s termination pursuant to this Subsection 1.3(b)(iii), the Company
shall pay or cause to be paid to the Executive (i) the amounts specified in any benefit and insurance plans applicable to the
Executive as being payable in the event of the permanent incapacity or disability of the Executive, such sums to be paid in accordance
with the provisions of those plans as then in effect.

 

(iv).
Death. If the Executive’s employment is terminated by reason of the Executive’s death, the Executive’s
beneficiaries or estate will be entitled to receive and the Company shall pay or cause to be paid to them or it, as the case may
be, (i) the amounts specified in any benefit and insurance plans applicable to the Executive as being payable in the event of
the death of the Executive, such sums to be paid in accordance with the provisions of those plans as then in effect.

 

(v).
Termination by Executive. The Executive may terminate employment with the Company upon giving 30 days’ written notice
or such shorter period of notice as the Company may accept. The Executive may resign for Good Reason subject to Section 1.3(c)
and 1.3(d). If the Executive resigns for any reason not constituting Good Reason, the Executive shall not be entitled to any severance
or other benefits.

 

(c).
Termination without Cause or by the Executive for Good Reason. If the Executive’s employment with the Company is
terminated prior to the end of the term under Section 1.3(a), by the Company without Cause or by the Executive for Good Reason,
then the Executive shall be entitled (i) to a minimum of 90 days’ from written notice of such termination to the effectiveness
of such termination, during which time the Company will use commercially reasonable efforts to rectify any circumstance constituting
Good Reason and (ii) to receive salary continuation and to reimbursement of continued health insurance costs under the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA) for six months from the end of the Term. The payment described in this subsection,
along with the vesting features of the Executive’s equity awards as set forth in Executive’s equity incentive agreements,
are the only severance or other payment or payment in lieu of notice that the Executive will be entitled to receive under this
Agreement. Any right of the Executive to payment pursuant to this subsection 1.3(c) shall be contingent on Executive signing a
standard form of release agreement with the Company.

 

    	4 

     

    

 

(d).
Statutory Deductions. All payments required to be made to the Executive, his beneficiaries, or his estate under this Section
shall be made net of all deductions required to be withheld by applicable law and regulation. The Executive shall be solely responsible
for the satisfaction of any taxes (including employment taxes imposed on employees and taxes on nonqualified deferred compensation).
Although the Company intends and expects that the Plan and its payments and benefits will not give rise to taxes imposed under
Code Section 409A, neither the Company nor its employees, directors, or their agents shall have any obligation to hold the Executive
harmless from any or all of such taxes or associated interest or penalties.

 

(e).
Fair and Reasonable, etc. The parties acknowledge and agree that the payment provisions contained in this Section are fair
and reasonable, and the Executive acknowledges and agrees that such payments are inclusive of any notice or pay in lieu of notice
or vacation or severance pay to which she would otherwise be entitled under statute, pursuant to common law or otherwise in the
event that his employment is terminated pursuant to or as contemplated in this Section 1.3.

 

1.4
Restrictive Covenants.

 

(a).
Non-Competition. Because of the Company’s legitimate business interest as described herein and the good and valuable
consideration offered to the Executive, during the Executive’s employment and for a period of one year following the termination
of the Executive’s employment (the “Restriction Period”), the Executive agrees and covenants not to engage
in Prohibited Activity in the development, implementation, operation, supply and marketing of a business, product or service aggregating
third party content publishers and providing them publishing and monetization services (the “Competing Business”).

 

For
purposes of this Section 1.4, “Prohibited Activity” is activity in which the Executive contributes his knowledge
directly and specifically as an employee, employer, owner, operator, manager, advisor, consultant, agent, employee, partner, director,
stockholder, officer, volunteer, intern, or any other similar capacity to an entity engaged in the Competing Business.

 

Nothing
herein shall prohibit the Executive from purchasing or owning less than five percent (5%) of the publicly traded securities of
any corporation that engages in the Competing Business, provided that such ownership represents a passive investment and that
the Executive is not a controlling person of, or a member of a group that controls, such corporation. Notwithstanding the foregoing,
the Executive may, without violating this Section, (i) provide services that are unrelated to the Competing Business to any entity
or person engaged in the Competing Business, as long as the Executive is working in a division, unit, subsidiary, branch and/or
affiliate that is not engaged in the Competing Business; (ii) own securities in any venture capital, private debt or equity investment
fund or similar investment entity that holds securities in an entity that may be engaged in the Competing Business or own, as
a passive investment, securities in a privately held entity engaged in the Competing Business, provided that the number of shares
of such entity’s securities that are owned beneficially by Executive represent less than five percent (5%) of the total
number of outstanding shares of such entity’s securities; or (iii) work for a venture capital or private equity fund that
has portfolio companies that engage in the Competing Business, so long as Executive does not actively participate in the relationship
between such fund and the portfolio companies that engage in the Competing Business.

 

    	5 

     

    

 

During
the Executive’s employment and after the termination of the Executive’s employment with the Company for any reason,
the Executive agrees and covenants not to use any Confidential Information to engage in any Prohibited Activity. Confidential
Information includes, but is not limited to, all information not generally known to the public, in spoken, printed, electronic
or any other form or medium, relating directly or indirectly to: business processes, practices, methods, policies, plans, publications,
documents, research, operations, services, strategies, techniques, agreements, contracts, terms of agreements, transactions, potential
transactions, negotiations, know-how, trade secrets, computer programs, computer software, applications, operating systems, software
design, web design, work-in-process, databases, manuals, records, articles, systems, material, sources of material, supplier information,
vendor information, financial information, results, legal information, marketing information, advertising information, pricing
information, design information, personnel information, suppliers, vendors, developments, reports, sales, revenues, costs, formulae,
product plans, designs, styles, models, ideas, inventions, patent, patent applications, original works of authorship, discoveries,
specifications, customer information, client information, the Company, or its businesses or any existing or prospective customer,
supplier, investor or other associated third party, or of any other person or entity that has entrusted information to the Company
in confidence. Confidential Information also includes other information that is marked or otherwise identified as confidential
or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstances
in which the information is known or used. Confidential Information developed by the Executive in the course of the employment
of the Executive by the Company shall be subject to the terms and conditions of this Agreement as if the Company furnished the
same Confidential Information to the Executive in the first instance

 

This
Section 1.4(a) does not, in any way, restrict or impede the Executive from exercising protected rights to the extent that such
rights cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent
jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation,
or order. The Executive shall promptly provide written notice of any such order to the Company’s CEO, Chief Operating Officer
or President.

 

(b).
Non-Solicitation of Employees. During the Executive’s employment and for a period of one year following the termination
of the Executive’s employment, the Executive agrees and covenants not to directly or indirectly, alone or in concert with
others, solicit, encourage, influence, recruit, or induce or attempt to solicit, encourage, influence, recruit or induce, or direct
any other person or entity to take any of the aforementioned actions, any employee (other than Marko Vukosavovic) of the Company
to cease working for the Company and/or to begin working with any other person or entity. This non-solicitation provision explicitly
covers all forms of oral, written, or electronic communication, including, but not limited to, communications by email, regular
mail, express mail, telephone, fax, instant message, and social media, including, but not limited to, Facebook, LinkedIn, Instagram,
and Twitter, and any other social media platform, whether or not in existence at the time of entering into this Agreement.

 

    	6 

     

    

 

Notwithstanding
the foregoing, this Section shall not deemed to have been breached or violated by the placement of general advertisements that
may be targeted to a particular geographic or technical area but that are not specifically targeted toward employees of the Company.

 

(c).
Non-Solicitation of Customers. The Company has a legitimate business interest in protecting its substantial and ongoing
customer relationships. The Executive understands and acknowledges that because of the Executive’s experience with and relationship
to the Company, the Executive will have access to and learn about much or all of the Company’s customer information. “Customer
Information” includes, but is not limited to, names, phone numbers, addresses, e-mail addresses, order history, order
preferences, chain of command, pricing information, and other information identifying facts and circumstances specific to the
customer and relevant to customer sales and the provision to customers of services.

 

The
Executive understands and acknowledges that loss of this customer relationship and/or goodwill will cause significant and irreparable
harm.

 

In
exchange for the Executive’s employment by the Company, and based on the Executive’s access to Confidential Information
during the Executive’s employment and/or after the termination of the Executive’s employment with the Company for
any reason, the Executive agrees and covenants that, during the Executive’s employment and for a period of one year following
the termination of the Executive’s employment with the Company for any reason the Executive will not directly or indirectly
solicit, contact (including but not limited to e-mail, regular mail, express mail, telephone, fax, instant message, or social
media, including but not limited to Facebook, LinkedIn, Instagram or Twitter, or any other social media platform, whether or not
in existence at the time of entering into this Agreement), attempt to contact, or meet with the Company’s customers or prospective
customers as described below for purposes of offering or accepting goods or services competitive with those offered by the Company.

 

This
restriction shall only apply to:

 

(i).
Customers the Executive contacted in any way during the past 12 months;

 

(ii).
Customers about whom the Executive has trade secret or confidential information;

 

(iii).
Customers who became customers during the Executive’s employment with the Company;

 

(iv).
Customers about whom the Executive has information that is not available publicly; and

 

(v).
Prospective customers with whom the Executive is engaged in active sales communications or with whom the Executive is aware that
the Company is otherwise engaged in active sales communications.

 

(d).
Mutual Non-disparagement. During the Executive’s employment and for a period of one year following the termination
of the Executive’s employment, each of the Executive and the Company will not directly or indirectly for itself or on behalf
of any other person, libel, slander or disparage the other in any manner that is harmful to the other’s business reputation
or personal reputation. This Section 1.4(d) does not preclude either party from testifying truthfully to a lawful subpoena or
from making truthful and accurate statements or disclosures that are required by other applicable laws or legal process.

 

    	7 

     

    

 

(e).
Confidential Information; Proprietary Rights. The terms of the Confidentiality and Proprietary Rights Agreement dated as
of January 21, 2019 shall continue in full force and effect.

 

(f).
Acknowledgment by the Executive. The Executive acknowledges and confirms that: (i) the restrictive covenants contained
in this Section 1.4 are reasonably necessary to protect the legitimate business interests of the Company; (ii) the restrictions
contained in this Section 1.4 (including, without limitation, the length of the term of the provisions of this Section 1.4) are
not overbroad, overlong, or unfair and are not the result of overreaching, duress, or coercion of any kind; and (iii) the Executive’s
entry into this Agreement and, specifically this Section 1.4, is a material inducement and required condition to the Company’s
entry into this Agreement.

 

(g).
Reformation by Court. In the event that a court of competent jurisdiction shall determine that any provision of this Section
1.4 is invalid or more restrictive than permitted under the governing law of such jurisdiction, then only as to enforcement of
this Section 1.4 within the jurisdiction of such court, such provision shall be interpreted and enforced as if it provided for
the maximum restriction permitted under such governing law.

 

(h).
Survival. The provisions of this Section 1.4 shall survive the termination of this Agreement.

 

(i).
Injunction. It is recognized and hereby acknowledged by the parties hereto that a breach by the Executive of any of the
covenants contained in this Section 1.4 will cause irreparable harm and damage to the Company, the monetary amount of which may
be virtually impossible to ascertain. As a result, the Executive recognizes and hereby acknowledges that the Company shall be
entitled to an injunction from any court of competent jurisdiction enjoining and restraining any violation of any or all of the
covenants contained in this Section 1.4 by the Executive or any of Executive’s Affiliates, associates, partners or agents,
either directly or indirectly, and that such right to injunction shall be cumulative and in addition to whatever other remedies
the Company may possess.

 

1.5
Definitions. The following capitalized terms used herein shall have the following meanings:

 

(a).
“Affiliate” shall mean, with respect to any Person, any other Person, directly or indirectly, controlling,
controlled by or under common control with such Person.

 

(b).
“Agreement” shall mean this Agreement, as amended from time to time.

 

(c).
“Annual Salary” shall have the meaning specified in Section 1.2(a).

 

(d).
“Board” shall mean the Board of Directors of Parent.

 

    	8 

     

    

 

(e).
“Cause” means the (i) Executive’s willful and continued failure substantially to perform the duties of
the Executive under this Agreement (other than any such failure resulting from incapacity due to physical or mental illness);
(ii) the Executive’s willful and continued failure to comply with any valid and legal directive of the Chief Executive Officer
in accordance with this Agreement; (iii) the Executive’s engagement in dishonesty, illegal conduct, or willful misconduct,
which is, in each case, materially and demonstrably injurious to the Company or its Affiliates; (iv) the Executive’s embezzlement,
misappropriation, or fraud against the Company or any of its Affiliates; (v) the Executive’s conviction of or plea of guilty
or nolo contendere to a crime that constitutes a felony (or state law equivalent) or a crime that constitutes a misdemeanor involving
moral turpitude if such felony or misdemeanor is work-related, materially impairs the Executive’s ability to perform services
for the Company, or results in a material loss to the Company or material damage to the reputation of the Company; (vi) the Executive’s
violation of a material policy of the Company that has been previously delivered to the Executive in writing if such failure causes
material harm to the Company; or (vii) the Executive’s material breach of any material obligation under this Agreement or
any other written agreement between the Executive and the Company. No act or failure to act on the part of the Executive shall
be considered “willful” unless it is done, or omitted to be done, by the Executive in bad faith or without reasonable
belief that the Executive’s action or omission was in the best interests of the Company.

 

(f).
“Code” shall have the meaning of the Internal Revenue Code of 1986, as it may be amended from time to time.

 

(g).
“Company” shall have the meaning specified in the introductory paragraph hereof; provided that, (i) “Company”
shall include any successor to the Company and (ii) for purposes of Section 1.5, the term “Company” also shall include
any existing or future subsidiaries of the Company that are operating during any of the time periods described in Section 1.1(a)
and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under
common control with the Company during the periods described in Section 1.1(a).

 

(h).
“Compensation Committee” shall mean the Compensation Committee of the Board.

 

(i).
“Good Reason” shall mean any of the following events, which has not been either consented to in advance by
the Executive in writing or, with respect only to subsections (i), (ii), (v) or (vi) below, cured by the Company within a
reasonable period of time, not to exceed 45 days, after the Executive provides written notice within 30 days of the initial
existence of one or more of the following events: (i) a material reduction in Annual Salary or Bonuses for which the
Executive is eligible; (ii) a material breach of the Agreement by the Company; (iii) requiring the Executive to take any
action which would violate any federal or state law; (iv) any requirement that the Executive’s duties be performed
outside of New York more than two (2) days per week on average, (it being understood that certain weeks will require
lengthier stays outside of New York); (v) any failure by the Company to comply with Section 2.6 of this Agreement; or (vi)
any material reduction in the Executive’s title or scope of responsibility. Good Reason shall not exist unless
the Executive terminates his employment within seventy-five (75) days following the initial existence of the condition or
conditions that the Company has failed to cure, if applicable.

 

    	9 

     

    

 

(j).
“Parent” shall mean TheMaven, Inc., a Delaware corporation of which the Company is a 100% owned subsidiary.

 

(k).
“Person” shall mean any individual, corporation (including any non-profit corporation), general partnership,
limited partnership, limited liability partnership, joint venture, estate, trust, company (including any limited liability company
or joint stock company), firm or other enterprise, association, organization or entity.

 

(l).
“Material Adverse Effect” shall mean, with respect to the Company, any change, event, violation, inaccuracy,
circumstance or effect (any such item, an “Effect”), individually or when taken together with all other Effects
that have occurred prior to the date of determination of the occurrence of the Material Adverse Effect, that results in or would
reasonably be expected to result in, a materially adverse effect on its business, assets (including intangible assets), liabilities,
financial condition or results of operations taken as a whole; provided, however, none of the following will be taken into account
in determining whether there has been a Material Adverse Effect: (a) any Effect to the extent attributable to conditions (or changes
after the date hereof in such conditions) generally affecting the U.S. or global economy, financial or securities markets; (b)
any Effect to the extent attributable to general economic, market or political conditions, or the outbreak or escalation of war
or any act of terrorism; (c) any Effect to the extent attributable to changes in operating, business, regulatory or other conditions
in the industry in which it operates; (d) any Effect attributable to the adoption, implementation, repeal, modification, reinterpretation
or proposal of any Legal Requirement, regulation or policy by any Governmental Body, or any panel or advisory body empowered or
appointed thereby, in each case, after the date hereof.

 

Article
2.

MISCELLANEOUS
PROVISIONS

 

2.1
Further Assurances. Each of the parties hereto shall execute and cause to be delivered to the other party hereto such instruments
and other documents, and shall take such other actions, as such other party may reasonably request for the purpose of carrying
out or evidencing any of the transactions contemplated by this Agreement.

 

2.2
Notices. All notices hereunder shall be in writing and shall be sent by (a) certified or registered mail, return receipt
requested, (b) national prepaid overnight delivery service, (c) electronic transmission (following with hard copies to be sent
by prepaid overnight delivery Service) or (d) personal delivery with receipt acknowledged in writing. All notices shall be addressed
to the parties hereto at their respective addresses as set forth below (except that any party hereto may from time to time upon
fifteen days’ written notice change its address for that purpose), and shall be effective on the date when actually received
or refused by the party to whom the same is directed (except to the extent sent by registered or certified mail, in which event
such notice shall be deemed given on the third day after mailing).

 

(a).
If to the Company:

 

Maven
Coalition, Inc.

1500
Fourth Avenue, Suite 200

Seattle,
WA 98101

Email:
hr@maven.io

 

    	10 

     

    

 

(b).
If to the Executive:

 

Douglas
B. Smith

27
Hampshire Road

Bronxville,
NY 10708

Email:
douglas.b.smith1288@gmail.com

 

2.3
Headings. The underlined or boldfaced headings contained in this Agreement are for convenience of reference only, shall
not be deemed to be a part of this Agreement and shall not be referred to in connection with the construction or interpretation
of this Agreement.

 

2.4
Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute an original and all
of which, when taken together, shall constitute one agreement.

 

2.5
Governing Law; Jurisdiction and Venue.

 

(a).
This Agreement shall be construed in accordance with, and governed in all respects by, the internal laws of the State of New York
(without giving effect to principles of conflicts of laws), except to the extent preempted by federal law.

 

(b).
Any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement shall
be brought or otherwise commenced exclusively in any state or federal court located in New York County,
New York.

 

2.6
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors
and assigns (if any). The Company will use commercially reasonable efforts to require any successor (whether direct or indirect,
by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company expressly
to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would have been required
to perform it if no such succession had taken place. As used in this Agreement, “Company” shall mean both the
Company as defined above and any such successor that assumes and agrees to perform this Agreement, by operation of law or otherwise.
The Executive shall not assign this Agreement or any of the Executive’s rights or obligations hereunder (by operation of
law or otherwise) to any Person without the consent of the Company.

 

2.7
Remedies Cumulative; Specific Performance. The rights and remedies of the parties hereto shall be cumulative (and not alternative).
The parties to this Agreement agree that, in the event of any breach or threatened breach by any party to this Agreement of any
covenant, obligation or other provision set forth in this Agreement for the benefit of any other party to this Agreement, such
other party shall be entitled (in addition to any other remedy that may be available to it) to (a) a decree or order of specific
performance or mandamus to enforce the observance and performance of such covenant, obligation or other provision, and (b) an
injunction restraining such breach or threatened breach. The parties to this Agreement further agree that in the event the Executive
prevails on any material claim (in a final adjudication) in any legal proceeding brought against the Company to enforce the Executive’s
rights under this Agreement, the Company will reimburse the Executive for the reasonable legal fees incurred by the Executive
in connection with such proceeding.

 

    	11 

     

    

 

2.8
Waiver. No failure on the part of any Person to exercise any power, right, privilege or remedy under this Agreement, and
no delay on the part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate as
a waiver of such power, right, privilege or remedy and no single or partial exercise of any such power, right, privilege or remedy
shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Person shall be deemed
to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless
the waiver of statutory claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed
and delivered on behalf of such Person; and any such waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

2.9
Code Section 409A Compliance. To the extent amounts or benefits that become payable under this Agreement on account of
the Executive’s termination of employment (other than by reason of the Executive’s death) constitute a distribution
under a “nonqualified deferred compensation plan” within the meaning of Code Section 409A (“Deferred Compensation”),
the Executive’s termination of employment shall be deemed to occur on the date that the Executive incurs a “separation
from Service” with the Company within the meaning of Treasury Regulation Section 1.409A-1(h). If at the time of the Executive’s
separation from service, the Executive is a “specified Executive” (within the meaning of Code Section 409A and Treasury
Regulation Section 1.409A-1(i)), the payment of such Deferred Compensation shall commence on the first business day of the seventh
month following the Executive’s separation from Service and the Company shall then pay the Executive, without interest,
all such Deferred Compensation that would have otherwise been paid under this Agreement during the first six months following
the Executive’s separation from service had the Executive not been a specified Executive. Thereafter, the Company shall
pay Executive any remaining unpaid Deferred Compensation in accordance with this Agreement as if there had not been a six-month
delay imposed by this paragraph. If any expense reimbursement by the Executive under this Agreement is determined to be Deferred
Compensation, then the reimbursement shall be made to the Executive as soon as practicable after submission for the reimbursement,
but no later than December 31 of the year following the year during which such expense was incurred. Any reimbursement amount
provided in one year shall not affect the amount eligible for reimbursement in another year and the right to such reimbursement
shall not be subject to liquidation or exchange for another benefit. In addition, if any provision of this Agreement would subject
the Executive to any additional tax or interest under Code Section 409A, then the Company shall reform such provision; provided that the Company shall (x) maintain, to the maximum extent practicable, the original intent of the applicable provision without
subjecting the Executive to such additional tax or interest and (y) not incur any additional compensation expense as a result
of such reformation.

 

2.10
Amendments. This Agreement may not be amended, modified, altered or supplemented other than by means of a written instrument
duly executed and delivered on behalf of all of the parties hereto.

 

    	12 

     

    

 

2.11
Severability. In the event that any provision of this Agreement, or the application of any such provision to any Person
or set of circumstances, shall be determined to be invalid, unlawful, void or unenforceable to any extent, the remainder of this
Agreement, and the application of such provision to Persons or circumstances other than those as to which it is determined to
be invalid, unlawful, void or unenforceable, shall not be impaired or otherwise affected and shall continue to be valid and enforceable
to the fullest extent permitted by law,

 

2.12
Parties in Interest. Except as provided herein, none of the provisions of this Agreement are intended to provide any rights
or remedies to any Person other than the parties hereto and their respective successors and assigns (if any).

 

2.13
Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto relating to the subject matter
hereof and supersedes all prior agreements, term sheets and understandings between the parties relating to the subject matter
hereof.

 

[SIGNATURE
PAGE TO EXECUTIVE

EMPLOYMENT
AGREEMENT TO FOLLOW]

 

    	13 

     

    

 

[SIGNATURE
PAGE TO EXECUTIVE EMPLOYMENT AGREEMENT]

 

The
parties hereto have caused this Agreement to be executed and delivered as of the date first set forth above.

  

	 	THE
    COMPANY:
	 	 	 
	 	THEMAVEN,
    INC.
	 	 	 
	 	By:	/s/ James
    Heckman
	 	Name:	James
    Heckman
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	THE EXECUTIVE:

 

	 	/s/ Douglas
B. Smith
	 	Douglas
    B. Smith

 

    	14 

     

    

 

EXHIBIT
A

 

Chief
Financial Officer

 

Job
Description

 

The
Chief Financial Officer is accountable for the administrative, financial, and risk management operations of the Company, to include
the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring
of control systems designed to preserve company assets and report accurate financial results.

 

Principal
responsibilities include:

 

●
Planning

 

	 	○	Assist
    in formulating the company’s future direction and supporting tactical initiatives
	 	○	Monitor
    and direct the implementation of strategic business plans
	 	○	Develop
    financial and tax strategies
	 	○	Manage
    the capital request and budgeting processes
	 	○	Develop
    performance measures and monitoring systems that support the company’s strategic direction

 

●
Operations

 

	 	○	Participate
    in key decisions as a member of the executive management team
	 	○	Maintain
    in-depth relations with all members of the management team
	 	○	Manage
    the accounting, human resources, investor relations, tax, and treasury functions
	 	○	Oversee
    the financial operations of subsidiary companies and foreign operations
	 	○	Manage
    any third parties to which accounting or finance functions have been outsourced
	 	○	Oversee
    the Company’s transaction processing systems
	 	○	Implement
    operational best practices
	 	○	Oversee
    employee benefit plans, with particular emphasis on maximizing a cost- effective benefits package
	 	○	Supervise
    acquisition due diligence and assist in negotiating acquisitions

 

●
Financial Information

 

	 	○	Oversee
    the issuance of financial information
	 	○	Personally
    review and approve all Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission
	 	○	Report
    financial results to the board of directors

 

●
Capital Stock

 

	 	○	Oversee
    the Company’s relationships with transfer agents, OTC markets, securities exchanges and the like
	 	○	Manage
    the listing of the Company’s securities with all exchanges and markets

 

    	 

     

    

 

●
Risk Management

 

	 	○	Understand
    and mitigate key elements of the company’s risk profile
	 	○	Monitor
    all open legal issues involving the company, and legal issues affecting the industry
	 	○	Construct
    and monitor reliable control systems
	 	○	Maintain
    appropriate insurance coverage
	 	○	Ensure
    that the company complies with all legal and regulatory requirements
	 	○	Ensure
    that record keeping meets the requirements of auditors and government agencies
	 	○	Report
    risk issues to the audit committee of the board of directors
	 	○	Maintain
    relations with external auditors and investigate their findings and recommendations

 

●
Funding

 

	 	○	Monitor
    cash balances and cash forecasts
	 	○	Arrange
    for debt financing and equity financing
	 	○	Invest
    funds
	 	○	Invest
    pension funds

 

●
Third Parties

 

	 	○	Participate
    in conference calls with the investment community
	 	○	Maintain
    banking relationships
	 	○	Represent
    the Company with investment bankers and investors

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