Document:

Exhibit
10.2

 

Exhibit
Version

 

SECOND
AMENDED AND RESTATED OPERATING AGREEMENT

OF

FOREVER
8 FUND, LLC

 

This
Second Amended and Restated Operating Agreement (this “Agreement”) of Forever 8 Fund, LLC (the “Company”),
a limited liability company organized under the laws of the State of Delaware, dated and effective as of _________ (the “Effective
Date”), is entered into by and among the Company, the members listed on Exhibit B hereto (the “Preferred Members”)
and Cryptyde, Inc. (“Cryptyde”).

 

RECITALS

 

WHEREAS,
prior to the Effective Date, the Company was governed by that certain First Amended and Restated Operating Agreement (the “Prior
Operating Agreement”) effective as of January 1, 2021;

 

WHEREAS,
the Company, the Preferred Members and Cryptyde have entered into that certain Membership Interest Purchase Agreement, dated as of
September 14, 2022 (the “MIPA”), pursuant to which, among other things, Cryptyde is purchasing 100% of the common
membership interests in the Company that were issued and outstanding immediately prior to the Effective Date in exchange for, among other
consideration: (i) the issuance by the Company of a certain number of Preferred Units (as defined herein) in the Company with a Put Right,
(ii) certain promissory notes issued to the Preferred Members (the “Promissory Notes”) and (iii) Earn-Out Units or
cash pursuant to Section 1.04 of the MIPA if qualified for under the terms of the MIPA.

 

WHEREAS,
it is a condition precedent to the closing of the transactions contemplated by the MIPA (the “MIPA Closing”) that
the Prior Operating Agreement be amended and restated on the terms and conditions set forth in this Agreement; and

 

WHEREAS,
the Company has obtained the requisite consents necessary to amend the Prior Operating Agreement.

 

NOW,
THEREFORE, in consideration of the mutual premises and agreements herein contained and intending to be legally bound, the parties
hereto hereby agree to amend and restate the Prior Operating Agreement as follows:

 

ARTICLE
I

 

DEFINITIONS

 

Certain
defined terms used in this Agreement are set forth in Exhibit A.

 

    	-1-

     

    

 

ARTICLE
II

 

ORGANIZATION

 

2.01. Formation.

 

The
Company was organized as a Delaware (the “State of Formation”) limited liability company by the filing of its Articles
of Organization with the Delaware Secretary of State on August 5, 2020 under the name “Forever 8 Fund, LLC.”

 

 2.02. Name.

 

The
name of the Company is Forever 8 Fund, LLC and all Company business shall be conducted under that name or such other names as comply
with applicable law that the Board of Managers may select from time to time.

 

 2.03. Registered Agent; Registered Office.

 

The
registered office in the State of Delaware is 614 N. DuPont Highway, Suite 210, Dover, Kent County, DE 19901 and the registered agent
in charge thereof is Registered Office Service Company.

 

 2.04. Principal Office; Other Offices.

 

The
principal office of the Company shall be at such place as the Board of Managers may designate from time to time, which need not be in
the State of Formation. The location of the principal office of the Company is 200 9th Avenue North, Suite 220, Safety Harbor,
Florida 34695. The Company may change its principal office or have such other offices as the Board of Managers may designate from time
to time.

 

 2.05. Purposes.

 

The
purposes of the Company are as follows:

 

(a) To
develop and grow the business of the Company;

 

(b) To
realize income to the Company
to the overall benefit of its Members; and

 

(c) To
conduct such other activities as deemed appropriate by its Board of Managers, which activities are legal for a limited liability company
to conduct under the Act.

 

2.06. Term.

 

The
Company commenced its existence on August 5, 2020 and shall have perpetual existence, unless sooner terminated in accordance with the
provisions of this Agreement.

 

    	-2-

     

    

 

2.07. No
State Law Partnership.

 

The
Members intend that the Company shall not be a partnership or joint venture, and that no Member shall be a partner or joint venturer
of any other Member, for any purpose other than federal, state, and local tax purposes, and the provisions of this Agreement shall not
be construed otherwise.

 

2.08. Liability
to Third Parties.

 

No
Member shall be liable for the debts, obligations, or liabilities of the Company, except to the extent expressly required under the Act
or, in the case of Cryptyde, expressly set forth herein.

 

ARTICLE
III

 

MEMBERSHIP;
CAPITAL ACCOUNTS; EARN OUT TARGETS

 

3.01. Classes
of Units.

 

(a) The
authorized Units shall consist of non-voting Preferred Units (the “Preferred Units”)
and voting Common Units (the “Common Units”). The Preferred Units and Common Units shall have the terms set forth
in this Agreement. All Units outstanding hereunder shall be validly issued, fully paid and non-assessable, to the fullest extent permitted
by law.

 

(b) As
of the date of this Agreement, the number of outstanding Preferred Units is Seven
Million (7,000,000) (the “Initial Base Preferred Units”). Pursuant to
the MIPA, the Initial MIPA Units are to be held by the Preferred Members listed on Exhibit B hereto, with each Preferred
Member holding the number of Initial MIPA Units set forth opposite their respective names. Additional
Base Preferred Units (as defined in the MIPA) may be issued to the Preferred Members pursuant to the terms of Section 1.02 of the MIPA.
Earnout Units may be issued as set forth in the MIPA and as otherwise set forth in this Agreement. The Earnout Units issued pursuant
to Section 1.04(a)(i) of the MIPA, including any additional Preferred Units issued due to adjustments pursuant thereto, being the “Earnout
One Units.” The Earnout Units issued pursuant to Section 1.04(a)(ii) of the MIPA, including any additional Preferred Units
issued due to adjustments pursuant thereto, being the “Earnout Two Units.” The Earnout Units issued pursuant to Section
1.04(a)(iii) of the MIPA, including any additional Preferred Units issued due to adjustments pursuant thereto, being the “Earnout
Three Units” and collectively with the Earnout One Units and the Earnout Two Units, the “Earnout Units.”

 

(c) The
number of authorized Common Units is One Thousand (1,000). As of the date hereof, Cryptyde is the sole holder of Common Units.

 

 3.02. Return of Capital Contributions; Special Rules.

 

Except
as otherwise expressly provided herein, (i) no Member shall be entitled to the return of any part of its Capital Contribution or to be
paid interest in respect of either its Capital Account balance or its Capital Contribution, (ii) no Member shall have any personal liability
for the return of the Capital Contribution of any other Member and (iii) no Member shall have any priority over any other Member with
respect to the return of any Capital Contribution.

 

(b)
Except as provided for in the MIPA, no Member shall be obligated to make any additional Capital Contributions to the Company; provided
however, the foregoing does not diminish Cryptyde’s guaranty of the Company’s Put Right obligations sect forth in Section
7.02 hereof.

 

    	-3-

     

    

 

 3.03. Capital Accounts.

 

A
Capital Account shall be established and maintained for each Member in accordance with the following provisions:

 

(a) To
each Member’s Capital Account, there shall be credited such Member’s Capital Contributions, such Member’s distributive
share of Net Profits, any items in the nature of income or gain that are specially allocated to such Member pursuant to this Agreement,
and the amount of any liabilities of the Company that are assumed by such Member, or that are secured by any assets of the Company distributed
to such Member.

 

(b) From
each Member’s Capital Account, there shall be debited the amount of cash and the Gross Asset Value of any Company assets distributed
to such Member pursuant to any provision of this Agreement, such Member’s distributive share of Net Losses, any items in the nature
of expenses or losses that are specially allocated to such Member pursuant to this Agreement,
and the amount of any liabilities of such Member assumed by the Company or that are secured by any property contributed by such Member
to the Company.

 

(c) If
ownership of any Membership Interest in the Company is assigned in accordance with the terms of this Agreement, the assignee shall succeed
to the Capital Account of the assignor to the extent it relates to the assigned Membership Interest.

 

(d) In
determining the amount of any liability for purposes of Subsections 3.04(a) and (b) above, there shall be taken into account Code Section
752(c) and any other applicable provisions of the Code and Regulations.

 

(e) To
each Member’s Capital Account, there shall be debited or credited, as the case may be, adjustments which are necessary to reflect
a revaluation of Company assets to reflect the Gross Asset Value of all Company assets, as required by Regulations Section 1.704-1(b)(2)(iv)(f)
and Section 3.05.

 

The
foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply
with Code Section 704 and Regulations Section 1.704-1(b) and shall be interpreted and applied in a manner consistent with such Regulations.
The Company shall make any adjustments that are necessary or appropriate to maintain equality between the Capital Accounts of the Members
and the amount of Company capital reflected on the Company’s balance sheet as computed for book purposes in accordance with Regulations
Section 1.704-1(b)(2)(iv)(q).

 

 3.04. Gross Asset Value.

 

The
Gross Asset Value of any asset of the Company shall be equal to the asset’s adjusted basis for federal income tax purposes, except
as follows:

 

(a) The
initial Gross Asset Value of any asset contributed by a Member to the Company shall be the gross fair market value of such asset, as
determined by the contributing Member and the Company.

 

    	-4-

     

    

 

(b)
The Gross Asset Values of all Company assets shall be
adjusted to equal their respective gross fair market values in connection with (and to be effective immediately prior to) the following
events: (i) the acquisition of an additional Membership Interest in the Company by any new or existing Member in exchange for more than
a de minimis Capital Contribution; (ii) the distribution by the Company to a Member of more than a de minimis amount of
property (including cash) as consideration for an interest in the Company; (iii) the grant of an interest in the Company (other than
a de minimis interest) as consideration for the provision of services to or for the benefit of the Company by an existing Member
acting in the capacity of a Member or by a new Member acting in the capacity of a Member or in anticipation of being a Member; or (iv)
the liquidation of the Company within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g); provided, however, that an adjustment
pursuant to clauses (i), (ii) or (iii) above shall be made only if the Board reasonably determines such adjustment is necessary or appropriate
to reflect the relative economic interests of the Members in the Company.

 

(c)
The Gross Asset Value of any Company asset distributed
to any Member shall be the gross fair market value of such asset on the date of distribution.

 

(d) The
Gross Asset Values of Company assets shall be increased (or decreased) to reflect any adjustments to the adjusted bases of such assets
pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining
Capital Accounts pursuant to Regulations Section 1.704- 1(b)(2)(iv)(m) and ARTICLE IV; provided, however, that Gross Asset Values shall
not be adjusted pursuant to this Subsection to the extent they were adjusted pursuant to Subsection 3.05(b) above in connection with
a transaction that otherwise would result in an adjustment pursuant to this Subsection.

 

(e) If
the Gross Asset Value of an asset has been determined or adjusted pursuant to this Section 3.05, such Gross Asset Value shall thereafter
be adjusted by the Depreciation taken into account with respect to such asset for purposes of computing Net Profits and Net Losses.

 

ARTICLE
IV ALLOCATION OF PROFITS AND LOSSES

 

4.01. Net
Income, Gains and Losses.

 

(a) Subject
to Section 4.01(b) and Section 4.02 of this Agreement, Net Profits and Net Losses of the Company for any Fiscal Year after taking into
account all contributions and distributions made during such Fiscal Year shall be allocated among the Members in a manner such that the
Capital Account of each Member, immediately after giving effect to such allocation, is, as nearly as possible, equal to the amount of
the distributions that would be made to such Member pursuant to Section 5.01(b) if (i) the Company were dissolved and terminated; (ii)
its affairs were wound up and the Company’s assets were sold for cash equal to their Gross Asset Value; (iii) all Company liabilities
were satisfied (limited with respect to each nonrecourse liability to the Gross Asset Value of the assets securing such liability); and
(iv) the net assets of the Company were distributed in accordance with Section 5.01(b) to the Members immediately after giving effect
to such allocation.

 

(b) Except
as otherwise provided elsewhere in this Agreement, if upon the dissolution and termination of the Company pursuant to Article X of this
Agreement and after all other allocations provided for in Section 4.01 have been tentatively made as if this Section 4.01(b) were not
in this Agreement, a distribution to the Members under Article X of this Agreement would be different from a distribution to the Members
in Section 5.01(b) of this Agreement, then Net Profit and Net Loss (or individual items thereof) for the Fiscal Year in which the Company
dissolves and terminates pursuant to Article X of this Agreement shall be allocated among the Members in a manner such that the Capital
Account of each Member, after taking into account all contributions and distributions made during such Fiscal Year, immediately after
giving effect to such allocation, is, as nearly as possible, equal to the amount of the distributions that would be made to such Member
pursuant to Section 5.01(b).

 

    	-5-

     

    

 

 4.02. Special Allocations.

 

Notwithstanding
any other provision of this Agreement, the following special allocations shall be made in the following order:

 

(a)
Minimum Gain Chargeback. If there is a net decrease
in Company Minimum Gain during any Fiscal Year, each Member shall be specially allocated items of Company income and gain for such year
(and, if necessary, for subsequent years) in an amount equal to such Member’s share of the net decrease in Company Minimum Gain,
as determined under Regulations Section 1.704-2(g). Allocations pursuant to the previous sentence shall be made in proportion to the
respective amounts required to be allocated to each Member pursuant thereto. The items to be so allocated shall be determined in accordance
with Regulations Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 4.02 is intended to comply with the “minimum gain chargeback”
requirements of Regulations Section 1.704-2(f) and shall be interpreted consistently therewith.

 

(b) Chargeback
Attributable to Member Nonrecourse Debt. If there is a net decrease in Member Minimum Gain during any Fiscal Year, each Member with
a share of Member Minimum Gain at the beginning of such Fiscal Year shall be specially allocated items of income and gain for such Fiscal
Year (and, if necessary, for subsequent Fiscal Years) in an amount equal to such Member’s share of the net decrease in Member Minimum
Gain, determined in accordance with Regulations Section 1.704-2(i)(4) and (5). Allocations pursuant to the previous sentence shall be
made in proportion to the respective amounts required to be allocated to each Member pursuant thereto. The items to be so allocated shall
be determined in accordance with Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2)(i). This Section 4.02 is intended to comply with
the “partner minimum gain chargeback” requirements of Regulations Section 1.704-2(i)(4) and shall be interpreted consistently
therewith.

 

(c) Qualified
Income Offset. If any Member unexpectedly receives any adjustment, allocation or distribution described in Regulations Section 1.704-1(b)(2)(ii)(d)(4),
(5) or (6) which results in an Adjusted Capital Account Deficit for the Member, such Member shall be allocated items of income and book
gain in an amount and manner sufficient to eliminate such Adjusted Capital Account Deficit as quickly as possible; provided that, an
allocation pursuant to this Section 4.02 shall be made if and only to the extent that such Member would have an Adjusted Capital Account
Deficit after all other allocations provided for in this Article IV have been tentatively made as if this Section 4.02 were not in the
Agreement. This Section 4.02 is intended to constitute a “qualified income offset” as provided by Regulations Section 1.704-1(b)(2)(ii)(d)
and shall be interpreted consistently therewith.

 

(d) Member
Nonrecourse Deductions. Member Nonrecourse Deductions shall be allocated among the Members who bear the Economic Risk of Loss for
the Member Nonrecourse Debt to which such Member Nonrecourse Deductions are attributable in the ratio in which they share Economic Risk
of Loss for such Member Nonrecourse Debt. This provision is to be interpreted in a manner consistent with the requirements of Regulations
Section 1.704- 2(b)(4) and (i)(1).

 

(e) Nonrecourse
Deductions. Any Nonrecourse Deductions (as defined in Regulations Section 1.704-2(b)(1)) for any Fiscal Year or other period shall
be specially allocated to the Common Members in proportion to the Units held by such Common Members.

 

(f) Regulatory
Allocations. The allocations set forth in this Section 4.02 (the “Regulatory Allocations”) are intended to comply
with certain requirements of the applicable Regulations promulgated under Code Section 704(b). Notwithstanding any other provision of
this Agreement, the Regulatory Allocations shall be taken into account in allocating Net Profits, Net Losses and other items of income,
gain, loss and deduction to the Members for Capital Account purposes so that, to the extent possible, the net amount of such allocations
of Net Profits, Net Losses and other items shall be equal to the amount that would have been allocated to each Member if the Regulatory
Allocations had not occurred.

 

    	-6-

     

    

 

 4.03 Tax Allocations.

 

(a) Generally.
Except as provided in Section 4.03(b) and Section 4.03(c), allocations of income, gain, loss and deduction for federal and analogous
state and local income tax purposes shall be allocated in the same manner that such items are allocated to the Members’ Capital
Accounts under this Agreement.

 

(b) Revalued
Property. In the event that the Book Value of any Company asset is adjusted pursuant to Regulation Section 1.704-1(b)(2)(iv)(f),
subsequent allocations of income, gain, loss, and deduction with respect to such asset shall be made among the Members in a manner that
takes account of any variation between the adjusted tax basis of such asset and its Book Value in the same manner as required under Code
Section 704(c) and the Regulations thereunder.

 

(c) Elections
and Decisions. Any elections or other decisions relating to such allocations shall be made by the Manager in any manner that reasonably
reflects the purpose and intention of this Agreement; provided that the Board shall elect to apply an allocation method permitted by
the Regulations under Code Section 704(c).

 

(d) Allocations
for Tax Purposes Only. Allocations pursuant to this Section 4.03 are solely for purposes of federal, state and local taxes and shall
not affect, or in any way be taken into account in computing, any Member’s Capital Account or share of Profits and Losses, other
items, or distributions pursuant to any provision of this Agreement.

 

ARTICLE
V

 

DISTRIBUTIONS

 

 5.01. Distributions.

 

Subject
to the terms of the Subordination Agreement, distributions shall be made from the Company to the
Members at such time and in such amounts as the Board of Managers shall determine.

 

(a) All
distributions of Distributable Cash shall be made to the Common Members pro rata based on their respective Common Units. Notwithstanding
the foregoing, to the extent of Distributable Cash, the Company shall, prior to making any distributions under (or by reference to) this
Section 5.01(a), advance to each Member an amount equal to (i) that portion of the Company’s net taxable income allocated to such
Member (including taxable income allocated to such Member pursuant to Section 704(c) of the Code) for a taxable period multiplied by
(ii) the sum of the highest federal and state income tax rates for an individual resident of New York City, less (iii) the amount of
any distributions to such Member previously made by the Company with respect to such taxable period. For the sake of clarification, such
earlier advance to a Member shall be deemed an advance of and netted against the next distributions due to such Member under this Agreement.
The Company shall not distribute any Distributable Cash to the Preferred Members.

 

    	-7-

     

    

 

(b) All
distributions of proceeds from a Realization Event shall be made in the following order of priority:

 

		(i)	First,
                                            to the Preferred Members pro rata based on their respective Preferred Units, until the aggregate
                                            amount distributed to the Preferred Members pursuant to this clause (b) equals the amount
                                            required to be paid to the Preferred Members in accordance a Put Right for cash under Section
                                            7.01 hereof; and

 

		(ii)	Second,
                                            to the Common Members pro rata based on their respective Common Units.

 

Any
distribution made to the Preferred Members of the full amounts to which they are entitled to receive pursuant to Section 5.01(b)(i) shall
be in redemption of the outstanding Preferred Units.

 

ARTICLE
VI

 

MANAGEMENT

 

 6.01. Management.

 

(a) Management
and control of the Company shall be vested exclusively in a board of managers (the “Board of Managers”), and the business
and affairs of the Company shall be managed under the direction of the Board of Managers. Subject to Section 6.02 hereof, the Board of
Managers shall always retain the authority to make management decisions notwithstanding any delegation of duties by the Board of Managers
to employees or agents. The Board of Managers may, but shall not be required to, designate one or more officers or other agents who shall
have such duties and shall perform such functions as may be delegated to them by the Board of Managers from time to time, and who shall
serve at the sole discretion of the Board of Managers. Any officers or other agents who are appointed by the Board of Managers may be
removed, at any time and from time to time, by the Board of Managers, with or without cause. For the avoidance of doubt, the Company
is a manager-managed, as opposed to a member-managed, limited liability company, and as such, the Members do not, in their capacities
as Members, have any voting or management rights, except to the extent expressly set forth in this Agreement or pursuant to applicable
law.

 

(b) The
size of the Board of Managers shall initially be fixed at five (5) as specified in this Section 6.01(b), of which one member shall be
appointed by the Preferred Members for so long as there are Preferred Units and/or Promissory Notes outstanding (the “Preferred
Manager”). Paul Vassilakos is initially designated as the Preferred Manager. The Managers comprising the Board of Managers other
than the Preferred Manager shall be appointed and/or removed by Cryptyde’s Board of Directors.

 

(c) Cryptyde
hereby appoints and designates the following Managers to comprise the Board of Managers in addition to the Preferred Manager: Brian McFadden,
Brett Vroman, Kevin O’Donnell and Sheamia Smith.

 

(d) The
Board of Managers hereby appoints the following officers of the Company: _______________________.

 

(e) The
appointment of any Manager, or the removal of any Manager, shall be effective only upon written notification thereof given by the Persons
that appointed or removed such Manager as specified in Section 6.01(b) above. Any Manager may resign at any time by giving written notice
to the other Managers (the “Resignation Notice”). The resignation of such Manager shall take effect upon delivery
of the Resignation Notice or at such later time as shall be specified in the Resignation Notice and, unless otherwise specified therein,
the acceptance of such resignation by the Company or the other Managers shall not be necessary to make it effective. The resignation
of a Manager shall not affect the resigning Manager’s rights, if any, as a Member and shall not constitute such resigning Manager’s
resignation as a Member, if applicable. The Person or Persons having the right to appoint a Manager shall have the sole right to fill
any vacancy as a result of such removal or resignation.

 

    	-8-

     

    

 

(f) Unless
waived by all of the Managers, each Manager shall be given at least five (5) business days’ notice of any special meeting and of
any regularly scheduled meeting (which notice shall state the date, hour and location of the meeting and all actions to be considered
at the meeting), and each Manager shall be permitted to participate in any meeting by telephone or similar communications equipment.
Any Manager may call a meeting of the Board of Managers. Any action may be taken by the Board of Managers without a meeting if authorized
by the written consent signed by a majority of the Managers, including the Preferred Manager if he is still in office. Notice of a meeting
need not be given to any Manager who signs a waiver of notice or a consent to holding the meeting or an approval of the minutes thereof,
whether before or after the meeting, or who attends the meeting without protesting, prior thereto or at its commencement, the lack of
notice to such Manager.

 

(g) A
majority of the Managers constituting the Board of Managers shall constitute a quorum for the transaction of business. Each Manager shall
be entitled to cast one (1) vote. Except as otherwise provided in this Agreement, the majority vote of the Managers cast at any meeting
at which there is a quorum present shall be the act of the Board of Managers. A majority of the Managers present may adjourn any meeting
of the Board of Managers to another date, time or place, whether or not a quorum is present. If a meeting is adjourned pursuant to this
Section 6.01(e) due to the absence of a quorum, such adjournment shall be for at least 24 hours. No notice need be given of any adjourned
meeting, except (i) 24 hours’ notice shall be given to each of the members of the Board of Managers not present at the adjourned
meeting, and (ii) if the date, time or place of the adjourned meeting are not announced at the time of adjournment, the notice referred
to in clause (i) above shall be given to each member of the Board of Managers, whether or not present at the adjourned meeting.

 

(h) A
Person shall cease to serve as a Manager upon (i) his or her death, (ii) a ruling by a court of competent jurisdiction that he or she
is incompetent, (iii) his or her resignation in accordance with Section 6.01(c) above or (iv) the removal of such Manager by the Person(s)
appointing such Manager.

 

(i) Managers
shall not receive any fee or other compensation for services rendered (except with respect to employment compensation otherwise payable
to Managers that are employees of the Company) on behalf of the Company, but shall promptly be reimbursed for all reasonable out-of-pocket
costs, fees and expenses incurred by them in performing their services under this Agreement.

 

 6.02. Approval of Certain Actions.

 

Notwithstanding
anything to the contrary contained in this Agreement, until such time as the Initial Base Preferred Units, any Additional Base Preferred
Units (if any have been issued), Earnout One Units and Earnout Two Units have been redeemed or converted in full, the Company and the
Board of Managers shall not take, and the Company shall cause its direct and indirect subsidiaries to not take, any of the following
actions without the express written consent of the Preferred Manager:

 

(a) amend,
alter, repeal or waive any provision of this Agreement to the extent Preferred Unit approval is required under Section 12.08;

 

(b) other
than pursuant to the MIPA or the terms hereof, issue any additional Preferred Units or any securities convertible into or exercisable
or exchangeable for additional Preferred Units;

 

    	-9-

     

    

 

(c) issue
any additional securities or enter into any contract, agreement, arrangement or understanding that would prohibit or otherwise restrict
the rights of the Initial Base Preferred Units, any Additional Base Preferred Units, any Earnout One Units and any Earnout Two Units
described in this Agreement;

 

(d) any
split, combination or division of the Preferred Units;

 

(e) any
sale, merger, reorganization or other similar business combination where Cryptyde is not the surviving company; or

 

(f) any
liquidation, dissolution or termination of the Company pursuant to Article X.

 

 6.03. Liability of Parties.

 

No
Manager, Member, any Representative of a Manger or Member, nor any officer of the Company shall be liable to the Company or to any other
Member for (a) the performance of, or the omission to perform, any act or duty on behalf of the Company if, in good faith, such Person
determined that such conduct was in the best interests of the Company, and such conduct did not constitute fraud, gross negligence, reckless
or intentional misconduct or a material breach of this Agreement by such Person; (b) the termination of the Company and this Agreement
pursuant to the terms hereof; or (c) the performance of, or the omission to perform, any act on behalf of the Company in good-faith reliance
on the advice of legal counsel, accountants, or other professional advisors to the Company. The foregoing sentence does not apply to
the obligations of Cryptyde pursuant to Sections 3.02 and 7.02 of this Agreement.

 

 6.04. Indemnification of Members and Officers.

 

The
Company, its receiver, or its trustee, as the case may be, shall indemnify, defend, and hold the Managers, the Members and their Representatives
and each officer of the Company (and his, her, its/their respective heirs, personal representatives, and successors)(collectively, the
“Indemnified Parties”) harmless from and against any expense, loss, damage, or liability incurred or connected with
any claim, suit, demand, loss, judgment, liability, cost, or expense (including reasonable attorneys’ fees) arising from or related
to the Company or any act or omission of the Indemnified Parties on behalf of the Company (exclusive of acts taken as an independent
contractor for the Company) and amounts paid in settlement of any of the foregoing; provided that the same were not the result of fraud,
gross negligence, reckless or intentional misconduct or a breach of this Agreement on the part of the Indemnified Party against whom
a claim is asserted. The Company may advance to any Indemnified Party the costs of defending any claim, suit, or action against such
Indemnified Party if the Indemnified Party undertakes to repay the funds advanced, with interest, should it later be determined that
the Indemnified Party is not entitled to indemnification under this Section 6.04. For avoidance of doubt, Cryptyde shall not be entitled
to indemnification in respect of its obligations pursuant to Section 7.02 of this Agreement.

 

    	-10-

     

    

 

ARTICLE
VII

 

PUT
RIGHT

 

 7.01. Put Right.

 

The
Preferred Members have a put right, on the terms and conditions set forth in this Section 7.01 (the “Put Right”),
to cause the Company to redeem the Preferred Units, as follows:

 

(a) starting
on the later of (i) six (6) months following the Closing of the transactions contemplated by the MIPA and (ii) the Threshold Date (as
defined in the Subordination Agreement by and among Hudson Bay Master Fund Ltd., the Preferred Members and Cryptyde (the “Subordination
Agreement”)), one (1) TYDE Share per Initial Base Preferred Unit being redeemed, as adjusted for stock splits, dividends, reorganizations
and recapitalizations up to a maximum of 6,281,949 Initial Base Preferred Units;

 

(b) upon
the satisfaction of (i) the receipt of Shareholder Approval on or prior to June 30, 2023, (ii) six (6) months following the Closing of
the transactions contemplated by the MIPA and (iii) the occurrence of the Threshold Date, one (1) TYDE Share per Initial Base Preferred
Units that could not be converted due to the 6,281,949 unit limit in Section 7.01(a) (such shares being an aggregate of 718,051 Initial
Base Preferred Units being defined as the “Extra Initial Base Preferred Units”) being redeemed, as adjusted for stock
splits, dividends, reorganizations and recapitalizations and one (1) TYDE Share per Additional Base Preferred Unit being redeemed, as
adjusted for stock splits, dividends, reorganizations and recapitalizations;

 

(c) if
Shareholder Approval is not obtained on or before June 30, 2023, subject to both (i) six (6) months following the Closing of the transactions
contemplated by the MIPA and (ii) the terms of the Subordination Agreement, a cash payment equal to the difference between $3.07 minus
the Additional Base Preferred Unit VWAP (as defined in the MIPA with it being subject to a $2.00 floor) (such difference being the “Additional
Base Preferred Unit Cash Catch Up Amount”) with the Additional Base Preferred Unit Cash Catch Up Amount being multiplied by
each Extra Initial Base Preferred Unit and each Additional Base Preferred Unit being redeemed;

 

(d) upon
the satisfaction of (i) the receipt of Shareholder Approval on or prior to June 30, 2023, (ii) six (6) months following the time an Earnout
One Unit is earned under Section 1.04 of the MIPA and (iii) the occurrence of the Threshold Date, one (1) TYDE Share per Earnout
One Unit being redeemed, as adjusted for stock splits, dividends, reorganizations and recapitalizations;

 

(e) if
Shareholder Approval has not been obtained on or before June 30 2023, subject to both (i) six (6) months following the time an Earnout
One Unit is earned under Section 1.04 of the MIPA and (ii) the terms of the Subordination Agreement, a cash payment equal to the
amount of $15,000,000 divided by the number of Earnout One Units (the “Earnout One Unit Redemption Amount”) with such
Earnout One Unit Redemption Amount then being multiplied by each Earnout One Unit being redeemed;

 

(f) upon
the satisfaction of (i) the receipt of Shareholder Approval on or prior to June 30, 2023, (ii) six (6) months following the time an Earnout
Two Unit is earned under Section 1.04 of the MIPA and (iii) the occurrence of the Threshold Date, one (1) TYDE Share per Earnout
Two Unit being redeemed, as adjusted for stock splits, dividends, reorganizations and recapitalizations;

 

(g) if Shareholder Approval has not been obtained on or before June 30 2023, subject to both (i)
six (6) months following the time an Earnout Two Unit is earned under Section 1.04 of the MIPA and (ii) the terms of the Subordination
Agreement, a cash payment equal to the amount of $12,000,000 divided by the number of Earnout Two Units (the “Earnout Two Unit
Redemption Amount”) with such Earnout Two Unit Redemption Amount then being multiplied by each Earnout Two Unit being redeemed;

 

    	-11-

     

    

 

(h) upon
the satisfaction of (i) the receipt of Shareholder Approval on or prior to June 30, 2023, (ii) six (6) months following the time an Earnout
Three Unit is earned under Section 1.04 of the MIPA and (iii) the occurrence of the Threshold Date, one (1) TYDE Share per Earnout
Three Unit being redeemed, as adjusted for stock splits, dividends, reorganizations and recapitalizations;

 

(i) if Shareholder Approval has not been obtained on or before June 30 2023, subject to both (i)
six (6) months following the time an Earnout Three Unit is earned under Section 1.04 of the MIPA and (ii) the terms of the Subordination
Agreement, a cash payment equal to the amount of $10,000,000 divided by the number of Earnout Three Units (the “Earnout Three
Unit Redemption Amount”) with such Earnout Three Unit Redemption Amount then being multiplied by each Earnout Three Unit being
redeemed;

 

To
exercise the Put Right, a Preferred Member shall notify the Company and Cryptyde in writing (a “Put Notice”) that
the Preferred Member is electing to have that number of Preferred Units redeemed as specified
in such Put Notice. The redemption of any Preferred Units specified in such Put Notice shall
take place at the principal office of the Company (or such other location agreed to by the Company and the Preferred Member) on a date
determined by the Company, but in any event no later than ten (10) business days following receipt of such Put Notice. At such closing,
the Company shall deliver to the Preferred Member by wire transfer the cash as set forth above in Section 7.01(c, e, g, i) if applicable
or the number of TYDE Shares as set forth in Section 7.01(a, b, d, f, h) if applicable. For the avoidance of doubt, a Preferred Member
may deliver multiple Put Notices from time to time until such time as all of the Preferred Units have been redeemed from the Preferred
Member.

 

7.02.
Guaranty of Put Right Obligations. Subject to the terms of the Subordination Agreement, Cryptyde hereby unconditionally guarantees
the payment, when due, of (i) of any payments due under Section 7.01 above in respect of any Put Notices delivered by the Preferred Members
holding the Preferred Units pursuant to Section 7.01 of this Agreement and (ii) the Company’s obligations under Section 5.01(b)(i)
of this Agreement (collectively, the “Obligations”). Without limiting the generality of the foregoing, Cryptyde’s liability
shall extend to all amounts that constitute part of the Obligations and would be owed by the Company to the Preferred Members but for
the fact that they are unenforceable or not allowable due to the existence of an insolvency proceeding involving the Company. With respect
to any Put Notice or any Obligations arising under Section 5.01(b)(i) of this Agreement, subject to the terms of the Subordination Agreement,
Cryptyde shall satisfy the Obligations to the Preferred Members in respect thereof, either (y) in cash (with such cash payment to be
made to the Preferred Members as contemplated by Section 7.01 (c, e, g, i) if applicable or 5.01(b)(i), as applicable) or (z) through
the issuance and delivery to the Preferred Members of the number of shares of TYDE Stock pursuant to Section 7.01(a, b, d, f, h) above.
This Section 7.02 is a continuing guaranty and shall (a) remain in full force and effect until such time as all of the Preferred Units
have been redeemed from the Preferred Members; (b) be binding upon Cryptyde and its successors and assigns; and (c) inure to the benefit
of and be enforceable by the Preferred Members and their successors, pledgees, transferees and assigns. Any sale by Cryptyde of its Common
Units shall not discharge its obligations under this Section 7.02.

 

7.03 Interest
on Late Payments. If cash payments are due to Preferred Members pursuant to Section 7.01(c, e, g, i) if applicable or Section 5.01(b)(i),
as applicable and the Company and Cryptyde fail to satisfy such cash payments pursuant to the terms set forth in such sections for any
reason, including due to the terms of the Subordination Agreement, then interest will be payable, subject to the terms of the Subordination
Agreement, on a quarterly calendar basis on such amount due at a rate of 15% per annum until it is paid. As long as such interest is
timely paid or is not paid due to the terms of the Subordination Agreement, the Company and Cryptyde shall not be considered to be in
default of this Agreement.

 

7.04 Issuance
of 144 Letters. If all of the shares that could be issued pursuant to Section 7.01(a, b, d, f, h)above have not been registered within
six (6) months from the Closing Date, upon request by any Preferred Member following the exercise of a Put Right, and subject to the
Preferred Member providing such reasonable backup materials as are customary, Cryptyde agrees to provide a legal opinion letter pursuant
to Rule 144 of the federal securities laws to Cryptyde’s stock transfer agent to remove the restrictive legend on the Cryptyde
Shares delivered pursuant to Section 7.01, provided that the requirements of Rule 144 have been satisfied to Cryptyde’s reasonable
satisfaction.

 

    	-12-

     

    

 

ARTICLE
VIII RESTRICTIONS ON TRANSFERS

 

 8.01. Restrictions on Transfers.

 

Except
as otherwise expressly permitted in this Article VIII, no Member may directly or indirectly Transfer all or any portion of his or its
Membership Interest in the Company without the prior written consent of the Board of Managers, which consent may be granted or withheld
in the absolute discretion of the Board of Managers.

 

 8.02. Permitted Transfers.

 

Subject
to compliance with Section 8.03 of this Agreement and subject to the last sentence of Section 8.01 above, a Member shall be free at any
time to Transfer all or any portion of his or its Membership Interest to: (a) a Person who already is a Member at the time of Transfer;
(b) in the case of a Member that is a natural person, any one or more of an existing Member’s Family Members; and (c) in the case
of a Member that is not a natural person, any one or more of an existing Member’s Affiliates. A trust or estate that has received
a Membership Interest from a Member may Transfer the Membership Interest to a beneficiary of the trust or estate; provided, that,
the beneficiary is a Family Member of the Member who transferred the Membership Interest to the trust or estate. A Member that is a natural
person also may Transfer all or any portion of his Membership Interest upon his death or involuntarily by operation of law. For purposes
of this Article VIII, a Member’s “Family Members” shall mean the Member’s spouse, ancestors, issue (including
adopted children and their issue) and trusts or custodianships for the primary benefit of the Member himself or such spouse, ancestors,
or issue (including adopted children and their issue).

 

 8.03. Conditions to Transfer.

 

(a) Notwithstanding
any other provision of Section 8.01 or 8.02, no Transfer shall be permitted, except in the case of a Transfer on death or involuntarily
by operation of law, unless the following additional conditions precedent are satisfied (or waived by the Board of Managers in its sole
discretion):

 

(iii) The
transferor and transferee shall execute and deliver to the Company such documents and instruments of conveyance as may be reasonably
necessary or appropriate in the opinion of counsel to the Company to effect such Transfer and to confirm the agreement of the transferee
to be bound by the provisions of this Agreement (including this Article VIII); and

 

(iv) At
the Board of Managers’ request, the transferor shall provide an opinion of counsel reasonably satisfactory to the Company to the
effect that such Transfer will not violate any applicable securities laws regulating the transfer of securities or any of the provisions
of any agreement to which the Company is a party.

 

8.04 Transfer
Restrictions Not Applicable to TYDE Shares received upon Exercise of Put Right.

 

The
transfer restrictions set forth in this Article VIII shall not apply to the receipt of any TYDE Shares by any Preferred Member upon exercise
of the Put Right; provided the Preferred Member complies with the applicable holding period and other federal regulations.

 

    	-13-

     

    

 

8.05 Admission
of Transferee as Member.

 

Subject
to the other provisions of this Article VIII, a transferee of a Membership Interest shall be admitted to the Company as a Member only
upon satisfaction of all of the following conditions:

 

8.05.1 The
Membership Interest with respect to which the transferee is admitted was acquired by means of a Transfer permitted under Section 8.01
or 8.02;

 

8.05.2 The
transferee becomes a party to this Agreement as a Member (such transferee to become a party to this Agreement in the same capacity as
the transferor with respect to the securities acquired from the transferor) and executes such documents and instruments as the Company
reasonably may request as necessary or appropriate to confirm such transferee as a Member in the Company and such transferee’s
agreement to be bound by the terms and conditions hereof; and

 

8.05.3 The
transferee furnishes copies of all instruments effecting the Transfer, opinions of counsel and such other certificates, instruments,
and documents as the Company may require.

 

8.06 Effect
of Disposition.

 

Following
any Transfer of a Member’s entire Membership Interest, the Member shall have no further rights as a Member of the Company. In addition,
following any permitted Transfer of a portion of a Member’s Membership Interest, the Member shall have no further rights as a Member
of the Company with respect to that portion Transferred.

 

8.07 Rights
of Unadmitted Transferee.

 

A
transferee of a Membership Interest who is not admitted as a Member pursuant to this Article VIII shall be entitled to allocations and
distributions attributable to the Membership Interest Transferred to the same extent as if the transferee were a Member, but shall have
no right to participate in the management of the Company, or to vote or give a consent on any matter, if any, calling for the approval
or consent of the Members (and notwithstanding anything in this Agreement to the contrary any requisite percentage or majority shall
be computed as if the Transferred Membership Interest did not exist), shall have no right to any information or accounting of the affairs
of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a
Member under the Act or this Agreement.

 

8.08 Prohibited
Transfers.

 

Any
purported Transfer that is not permitted under this Article VIII shall be null and void and of no effect whatsoever. In the case of a
Transfer or attempted Transfer that is not such a permitted Transfer, the parties engaging or attempting to engage in such Transfer shall
be liable to indemnify and hold harmless the Company and the other Members from all cost, liability, and damage that any of such indemnified
persons may incur (including incremental tax liability and attorneys’ fees and expenses) as a result of such Transfer or attempted
Transfer and efforts to enforce the indemnity granted hereby.

 

    	-14-

     

    

 

ARTICLE
IX

 

WITHDRAWAL

 

9.01. Restrictions
on Withdrawal.

 

Except
with respect to the Put Right of the Preferred Members, no Member shall have the right to withdraw from the Company as a Member or to
terminate its or his Membership Interest.

 

ARTICLE
X

 

DISSOLUTION,
LIQUIDATION, AND TERMINATION

 

 10.01. Dissolution.

 

(a) The
Company shall be dissolved automatically and its affairs shall be wound up upon the first to occur of the following:

 

(i)
at any time upon approval by (i) the Board of Managers (ii) Cryptyde, and (iii) Preferred Manager, if one is in place; or

 

(ii) Ninety
(90) days after the date on which the Company no longer has at least one (1) Member, unless a new Member is admitted to the Company during
such ninety (90) day period; provided, however, that in no event shall the Company dissolve or liquidate until the later of (i) 36 calendar
months from the Earn-Out Commencement Date, as defined in the MIPA or (ii) the date that there are no longer any Preferred Members remaining.

 

 10.02. Liquidation.

 

(a) Upon
a dissolution of the Company requiring the winding-up of its affairs, the Board of Managers shall wind up its affairs. The assets of
the Company shall be sold within a reasonable period of time to the extent necessary to pay or to provide for the payment of all debts
and liabilities of the Company, and may be sold to the extent deemed practicable and prudent by the Board of Managers.

 

(b) The
net assets of the Company remaining after satisfaction of all such debts and liabilities and the creation of any reserves under Section
10.02(d), shall be distributed to the Members in accordance with Section 5.01(b), after giving effect to all contributions, distributions,
and allocations for all periods, including the period during which such liquidation occurs. Any property distributed in kind in the liquidation
shall be valued at fair market value.

 

(c) Distributions
to Members pursuant to this Article X shall be made by the end of the taxable year of the liquidation, or, if later, ninety (90) days
after the date of such liquidation in accordance with Regulations Section 1.704-1(b)(2)(ii)(g).

 

(d) The
Board of Managers may withhold from distribution under this Section 10.02 such reserves as are required by applicable law and such other
reserves for subsequent computation adjustments and for contingencies, including contingent liabilities relating to pending or anticipated
litigation or to Internal Revenue Service examinations or audits. Any amount withheld as a reserve shall reduce the amount payable under
this Section 10.02 and shall be held in a segregated interest-bearing account (which may be commingled with similar accounts). The unused
portion of any reserve shall be distributed with interest thereon pursuant to this Section 10.02 after the Board of Managers shall have
determined that the need therefor shall have ceased.

 

    	-15-

     

    

 

(e) Deficit
Capital Accounts. If a Member has a deficit balance in its Capital Account after giving effect to all contributions, distributions,
and allocations for all taxable years, including the year in which the liquidation occurs, the Member shall have no obligation to make
any contribution to the capital of the Company with respect to such deficit, and such deficit shall not be considered a debt owed by
such Member to the Company or to any other Person, for any purpose whatsoever.

 

ARTICLE
XI

 

BOOKS
AND RECORDS, ACCOUNTING, AND TAX ELECTIONS

 

 11.01. Maintenance of Records.

 

The
Company shall maintain true and correct books and records, in which shall be entered all transactions of the Company, and shall maintain
all other records necessary, convenient, or incidental to recording the Company’s business and affairs, which shall be sufficient
to record the allocation of Net Profits and Net Losses and distributions as provided for herein. All decisions as to accounting principles,
accounting methods, and other accounting matters shall be made by the Board of Managers. The Company shall keep a current list of all
Members and their Capital Contributions, adjusted for any withdrawals, which shall be available for inspection by all Members. Each Member
or its authorized representative may examine any of the books and records of the Company during normal business hours upon reasonable
notice for a proper purpose reasonably related to the Member’s interest in the Company.

 

 11.02. Reports to Members.

 

As
soon as practicable after the end of each Fiscal Year, the Company shall cause to be prepared and sent to each Member a report setting
forth in sufficient detail all such information and data with respect to the Company for such Fiscal Year as shall enable each Member
to prepare its income tax returns. Any financial statements, reports and tax returns required pursuant to this Section 11.02 shall be
prepared at the expense of the Company.

 

 11.03. Tax Elections; Determinations Not Provided for in Agreement.

 

The
Board of Managers shall be empowered to make or revoke any elections now or hereafter required or permitted to be made by the Code or
any state or local tax law, and to decide in a fair and equitable manner any accounting procedures and other matters arising with respect
to the Company or under this Agreement that are not expressly provided for in this Agreement. Notwithstanding the foregoing, absent the
consent of (y) Cryptyde and (z) Preferred Members Holding at least sixty percent (60%) of the outstanding Preferred Units, the Company
shall not elect to be treated as a subchapter “c” corporation for U.S. federal income and other applicable Tax purposes.

 

    	-16-

     

    

 

 11.04. Partnership Representative.

 

Cryptyde
is hereby designated the “partnership representative” (within the meaning of Section 6225(a)(1) of the Code) of the Company.
So long as Cryptyde or another non-individual is the partnership representative, such partnership
representative shall appoint a designated individual, within the meaning of and satisfying the qualification requirements of Treasury
Regulations Section 301.6223-1(b)(3)(ii), (the “designated individual”) who shall be the agent and shall have the same authorities,
rights, and responsibilities as the partnership representative. All references to the partnership representative set forth in this Agreement
shall also apply to the designated individual and will include any actions by the designated individual on behalf of the partnership
representative and the Company in that person’s capacity as the designated individual. In acting as partnership representative,
with respect to any item arising in respect of any taxable year beginning on or after the date hereof, Cryptyde shall be subject to the
direction and control of the Board of Managers. The partnership representative shall (i) inform the Members of all administrative and
judicial proceedings pertaining to the determination of the Company’s tax items and will provide the Members with copies of all
notices received from the Internal Revenue Service (or any other Taxing Authority) regarding the commencement of a Company-level examination
or audit or a proposed adjustment of any of the Company’s tax items and (ii) provide the Members with reasonable notice
of material events occurring in the course of Company tax audits and the other proceedings in which it participates in such capacity.

 

ARTICLE
XII

 

GENERAL
PROVISIONS

 

 12.01. Notices.

 

Except
as expressly provided in this Agreement, all notices, consents, waivers, requests, or other instruments or communications given pursuant
to this Agreement shall be in writing, shall be signed by the party giving the same, and shall be delivered by hand; sent by registered
or certified United States mail, return receipt requested, postage prepaid; or sent by a recognized overnight delivery service. Such
notices, instruments, or communications shall be addressed, in the case of the Company, to the Company at its principal place of business
and, in the case of any of the Members, to the address set forth in the Company’s books and records; except that any Member may,
by notice to the Company and each other Member, specify any other address for the receipt of such notices, instruments, or communications.
Except as expressly provided in this Agreement, any notice, instrument, or other communication shall be deemed properly given when sent
in the manner prescribed in this Section 12.01. In computing the period of time for the giving of any notice, the day on which the notice
is given shall be excluded and the day on which the matter noticed is to occur shall be included. If notice is given by personal delivery,
then it shall be deemed given on the date personally delivered to such Person. If notice is given by mail in the manner permitted above,
it shall be deemed given three (3) days after being deposited in the mail addressed to the Person to whom it is directed at the last
address of the Person as it appears on the records of the Company, with prepaid postage thereon. If notice is given by nationally recognized
overnight courier delivery service, then it shall be deemed given on the date actually delivered to the address of the recipient by such
nationally recognized overnight courier delivery service. If notice is given in any other manner authorized herein or by law, it shall
be deemed given when actually delivered, unless otherwise specified herein or by law.

 

 12.02. Interpretation.

 

(a) ARTICLE,
Section, and Subsection headings are not to be considered part of this Agreement, are included solely for convenience of reference and
are not intended to be full or accurate descriptions of the contents thereof.

 

(b) Use
of the terms “herein,” “hereunder,” “hereof,” and like terms shall be deemed to refer to this entire
Agreement and not merely to the particular provision in which the term is contained, unless the context clearly indicates otherwise.

 

(c) Use
of the word “including” or a like term shall be construed to mean “including, but not limited to.”

 

    	-17-

     

    

 

(d) Exhibits
and schedules to this Agreement are an integral part of this Agreement.

 

(e) Words
importing a particular gender shall include every other gender, and words importing the singular shall include the plural and vice-versa,
unless the context clearly indicates otherwise.

 

(f) Any
reference to a provision of the Code, Regulations, or the Act shall be construed to be a reference to any successor provision thereof.

 

 12.03. Governing Law; Jurisdiction; Venue.

 

This
Agreement and all matters arising herefrom or with respect hereto, including, without limitation, tort claims (the “Covered
Matters”) shall be governed by, and construed in accordance with, the internal laws of State of Delaware, without reference
to the choice of law principles thereof. Each of the parties hereto irrevocably submits to the co-exclusive jurisdiction of the federal
and state courts located in the State of Delaware for the purpose of any suit, action, proceeding or judgment relating to or arising
out of the Covered Matters. Service of process in connection with any such suit, action or proceeding may be served on each party hereto
anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto
irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such
court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action, or proceeding brought in such
courts and irrevocably waives any claim that any such suit, action, or proceeding brought in any such court has been brought in an inconvenient
forum.

 

 12.04. Binding Agreement.

 

This
Agreement shall be binding upon and inure to the benefit of the Members and their respective heirs, executors, administrators, personal
representatives, and successors.

 

 12.05. Severability.

 

Each
item and provision of this Agreement is intended to be severable. If any term or provision of this Agreement is determined by a court
of competent jurisdiction to be unenforceable for any reason whatsoever, that term or provision shall be modified only to the extent
necessary to be enforced, such term or provision shall be enforced to the maximum extent permitted by law, and the validity of the remainder
of this Agreement shall not be adversely affected thereby.

 

 12.06. Entire Agreement.

 

This
Agreement supersedes any and all other understandings and agreements, either oral or in writing, between the Members with respect to
the Membership Interests (including the Prior Operating Agreement) and constitutes the sole agreement between the Members with respect
to the Membership Interests.

 

    	-18-

     

    

 

 12.07. Further Action.

 

Each
Member shall execute and deliver all papers, documents, and instruments and perform all acts that are necessary or appropriate to implement
the terms of this Agreement and the intent of the Members. For the avoidance of doubt, no Seller shall become a Preferred Member until
such time as that party has executed this Agreement. Provided, however, that the Company shall be fully indemnified for the failure of
any such Seller to enter into this Agreement.

 

 12.08. Amendment or Modification.

 

This
Agreement (including the exhibits hereto) may be amended or modified from time to time only by the written consent of (y) Cryptyde and
(z) while there is a Preferred Manager in place, the Preferred Manager. Notwithstanding the foregoing, no amendment shall create any
personal liability or personal obligation of any Member for the debts, obligations, or liabilities of the Company not otherwise provided
under the Act without such Member’s written consent. Provided further, that no amendment or modification may be made to this Agreement
which treats one Preferred Holder in a manner which is different from any other Preferred Holder (“Affected Holder”), except
as agreed to by such Affected Holder. Notwithstanding anything to the contrary set forth herein, no such amendment, change or waiver
shall modify any of the provisions of Sections 7.01, 12.08 or 12.11 without the prior written consent of Hudson Bay.

 

 12.09. Membership Certificates.

 

The
Company is hereby authorized to issue certificates representing the Units in the Company in accordance with the Act, but is not required
to issue such certificates to evidence ownership of Units.

 

12.10.
Counterparts.

 

This
Agreement may be executed in original or by facsimile in several counterparts and, as so executed, shall constitute one agreement, binding
on all of the parties hereto, notwithstanding that all of the parties are not signatory to the original or to the same counterpart.

 

[Signature
Page(s) Follow]

 

    	-19-

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Second Amended and Restated Operating Agreement in multiple counterparts as
of the day and in the year first above written, and each of such counterparts, when taken together, shall constitute one and ·the
same instrument.

 

	 	COMMON MEMBER
	 	 	 
	 	Cryptyde, Inc.
	 	 	 
	 	 
	 	By:	Brian
    McFadden, CEO
	 	 	 
	 	200 9th Avenue North
	 	Suite 220
	 	Safety Harbor, FL 34695
	 	 	 
	 	PREFERRED MEMBERS:
	 	 	 
	 	Preferred Members identified in Exhibit B.
	 	 	 
	 	By:
    	 
	 	Title:	 Agent
    for Preferred Members

 

    	-20-

     

    

 

EXHIBIT
A

 

For
purposes of this Agreement, the following terms shall have the following

 

“Act”
means the Delaware Liability Company Act, as codified in Delaware Statutes, as now enacted or hereafter amended.

 

“Additional
Base Preferred Unit Redemption Amount” has the meaning set forth in Section 7.01 hereof

 

“Adjusted
Capital Account Deficit” means, with respect to any Person, the deficit balance, if any, in such Person’s Capital Account
as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

 

(a) credit
to such Capital Account any amounts which such Person is obligated to restore pursuant to any provision of this Agreement or is deemed
to be obligated to restore pursuant to the next to the last sentence of Sections 1.704-2(g)(1) and 1.704-2(i)(5) of the Regulations after
taking into account any changes during such year in Company Minimum Gain and Member Minimum Gain; and

 

(b) debit
to such Capital Account the items described in Section 1.704- 1(b)(2)(ii)(d)(4), (5) and (6) of the Regulations.

 

The
foregoing definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Section 1.704-1(b)(2)(ii)(d) of
the Regulations and shall be interpreted consistently therewith.

 

“Affiliate”
means, with respect to a Person, any other Person that, directly or indirectly, controls, is controlled by, or is under common control
with, the specified Person. As used in this definition, the term “control” means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities,
by contract or otherwise. Ownership of more than fifty percent (50%) of the beneficial interests of an entity shall be conclusive evidence
that control exists. For purposes of this definition, “Affiliate” shall include, with respect to any natural Person,
the spouse, parents, siblings and children of such Person or trusts for the benefit of any such Person.

 

“Bankruptcy
Code” means the United States Bankruptcy Code (11 U.S.C. § 101, et.) as amended and as in effect from time to time, and
any successor statute.

 

“TYDE
Shares” or “Cryptyde Shares” means the shares the common stock of Cryptyde, Inc., $0.001 par value per share.

 

“Business
Day” means a day, other than a Saturday or Sunday, on which commercial banks in
New York City, New York are open for the general transaction of business.

 

“Capital
Account” means, with respect to any Member, the Member’s Capital Contribution (if any), increased or decreased as provided
in Section 3.04 of this Agreement.

 

“Capital
Contribution” means, with respect to any Member, the amount of money and the initial Gross Asset Value of any property other
than money contributed to the Company by that Member.

 

    	-1-
	EXHIBIT A

    	 

    

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time.

 

“Common
Members” means Cryptyde, Inc., which holds the Common Units.

 

“Company
Minimum Gain” has the meaning ascribed to the term “partnership minimum gain” in the Regulations Section 1.704-2(d).

 

“Depreciation”
means an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for the Fiscal
Year or other period, except that if the Gross Asset Value of an asset differs from its adjusted tax basis at the beginning of the Fiscal
Year or other period, Depreciation will be an amount which bears the same ratio to the beginning Gross Asset Value as the Federal income
tax depreciation, amortization or other cost recovery deduction for the Fiscal Year or other period bears to the beginning adjusted tax
basis; provided, however, that if the Federal income tax depreciation, amortization or other cost recovery deduction for the Fiscal Year
or other period is zero, Depreciation will be determined by reference to the beginning Gross Asset Value using any reasonable method.

 

“Distributable
Cash” means the cash or other property of the Company that the Board of Managers determines is available for distribution to
the Members after deducting any amounts which the Board of Managers determines are required to maintain working capital, pay liabilities,
expenses and other cash outlays of the Company and maintain reserves for liabilities, expenses and other cash outlays of the Company,
but shall not include cash or other property which the Board of Managers determines represent the net proceeds of a Realization Event.

 

“Earnout
One Unit Redemption Amount” has the meaning set forth in Section 7.01 hereof.

 

“Earnout
One Units” has the meaning set forth in Section 3.01(b) hereof.

 

“Earnout
Two Unit Redemption Amount” has the meaning set forth in Section 7.01 hereof.

 

“Earnout
Two Units” has the meaning set forth in Section 3.01(b) hereof.

 

“Earnout
Three Unit Redemption Amount” has the meaning set forth in Section 7.01 hereof.

 

“Earnout
Three Units” has the meaning set forth in Section 3.01(b) hereof.

 

“Earnout
Units” has the meaning set forth in Section 3.01(b) hereof.

 

“Economic
Risk of Loss” shall have the meaning specified in Regulations Section 1.752-2.

 

“Extra
Initial Base Preferred Units” has the meaning set forth in Section 7.01(b) hereof.

 

    	-2-
	EXHIBIT A

    	 

    

 

“Fiscal
Year” means the calendar year; but, upon the organization of the Company, “Fiscal Year” means the period from the
first day of the term of the Company to the next following December 31, and upon dissolution of the Company, shall mean the period from
the end of the last preceding Fiscal Year to the date of such dissolution.

 

“Gross
Asset Value” means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, adjusted as
provided in this Agreement.

 

“Indebtedness”
means with respect to any Person, without duplication, any of the following, in each case whether or not then due and payable:

 

(a) all
indebtedness for borrowed money or indebtedness issued in exchange for borrowed money (including all obligations for principal, interest
(including all accrued interest through the date of repayment, premiums, pre-payment and other penalties, fees, expenses and breakage
costs);

 

(b) all
deferred obligations for the payment of the purchase price of property or capital assets purchased;

 

(c) all
obligations evidenced by any note, bond, debenture or other debt security;

 

(d) all
obligations of any Person for or on account of capitalized leases; all obligations of any Person for the reimbursement of letters of
credit, bankers’ acceptance or similar credit transaction; and

 

(e) any
guarantees of Indebtedness of the type described in the foregoing clauses (a) through (e) of such Person.

 

“Insolvency
Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any
other bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, or extensions
generally with creditors, or proceedings seeking reorganization, arrangement or other similar relief.

 

“Liquidation”
has the meaning as set forth in Regulations section 1.704-1(b)(2)(ii)(g).

 

“Member”
means each Person executing this Agreement as a Member or hereafter admitted to the Company as a Member as provided in this Agreement,
but does not include any Person who has ceased to be a Member of the Company. For purposes of interpreting this Agreement, references
to the term “Member” in Article IV and Article V shall be deemed to refer to a transferee of an interest in the Company who
is not admitted as a Member under Section 8.04 unless such interpretation is inconsistent with the provisions of Section 8.06.

 

“Member
Minimum Gain” has the meaning ascribed to the term “partner nonrecourse debt minimum gain” in Regulations Section
1.704-2(i)(2).

 

“Member
Nonrecourse Debt” has the meaning ascribed to the term “partner nonrecourse debt” in Regulations Section 1.704-2(b)(4).

 

    	-3-
	EXHIBIT A

    	 

    

 

“Member
Nonrecourse Deductions” means items of Company loss, deduction, or Code Section 705(a)(2)(b) expenditures that are attributable
to Member Nonrecourse Debt within the meaning of Regulations Section 1.704-2(i).

 

“Membership
Interest” means the entire interest of a Member in the Company, including, without limitation, rights to distributions (liquidating
or otherwise), allocations, information, and the right to participate in the management of the business and affairs of the Company, including
the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted by this Agreement or
the Act.

 

“Net
Profits” and “Net Losses” means, for any period, an amount equal to the Company’s taxable income or
loss for such year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain,
loss or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable income or loss),
with the following adjustments:

 

(a) Any
income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Net Profits or Net Losses
shall be added to such taxable income or loss;

 

(b) Any
expenditures of the Company described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Regulations
Section 1.704-1(b)(2)(iv)(i) and not otherwise taken into account in computing Net Profits or Net Losses shall be subtracted from Net
Profits or Net Losses;

 

(c) Gains
or losses resulting from any disposition of Company asset with respect to which gains or losses are recognized for federal income tax
purposes shall be computed with reference to the Gross Asset Value of the Company asset disposed of, notwithstanding the fact that the
adjusted tax basis of such Company asset differs from its Gross Asset Value;

 

(d) In
lieu of the depreciation, amortization and other cost recovery deductions taken into account in computing the taxable income or loss,
there will be taken into account Depreciation; and

 

(e) If
the Gross Asset Value of any Company asset is adjusted pursuant to the definition of “Gross Asset Value,” the amount of the
adjustment will be taken into account as gain or loss from the disposition of the asset for purposes of computing Net Profits or Net
Losses.

 

Notwithstanding
any other provision of this subsection, any items of income, gain, loss or deduction that are specially allocated shall not be taken
into account in computing Net Profits or Net Losses.

 

“Person”
means an individual, corporation, association, partnership, joint venture, limited liability company, estate, trust, or any other legal
entity.

 

“Preferred
Members” means all Members holding Preferred Units on the date of this Agreement.

 

“Preferred
Units” means the non-voting class of Preferred Units on the date of this Agreement.

 

    	-4-
	EXHIBIT A

    	 

    

 

“Principal
Market” means, as of any date of determination, the principal securities exchange or securities market on which the Cryptyde
Shares is then traded.

 

“Realization
Event” means the date on which the Company receives cash proceeds from third parties that are not Affiliates of any such Common
Members as a result of a sale or other disposition, in one or more transactions, of all or substantially all of the assets of the Company
and its subsidiaries, taken as a whole, including by merger.

 

“Regulations”
means the Treasury Regulations promulgated under the Code, as such Regulations may be amended from time to time.

 

“Representative”
of a Person means that Person’s directors, officers, general partners, members, managers, employees, and agents.

 

“Shareholder
Approval” means approval under the rules of The Nasdaq Stock Market by the Cryptyde stockholders of the issuance of the Cryptyde
Shares pursuant to Section 7.01.

 

“Transfer”
means, as a noun, any voluntary or involuntary transfer, sale, pledge, hypothecation, gift, or other disposition and, as a verb, voluntarily
or involuntarily to transfer, sell, pledge, hypothecate, give, or otherwise dispose of.

 

“Unit”
means a denomination of a Membership Interest consisting of either a Common Unit or a Preferred Unit.

 

    	-5-
	EXHIBIT A

    	 

    

 

EXHIBIT
B

 

    	-6-
	EXHIBIT BExhibit
10.3

 

EXHIBIT
VERSION

 

SUBORDINATION
AGREEMENT

 

THIS
SUBORDINATION AGREEMENT (“Subordination Agreement”) dated as of September __, 2022 is by and among Hudson Bay Master
Fund Ltd. (“Senior Creditor,” as hereinafter further defined), the Persons listed on Annex A hereto (collectively,
“Subordinated Creditor,” as hereinafter further defined) and Cryptyde, Inc., a Delaware corporation (“Issuer,”
as hereinafter further defined). Senior Creditor and Subordinated Creditor are sometimes referred to herein collectively, as “Creditors,”
as hereinafter further defined.

 

W  I T N E S S E T H:

 

WHEREAS,
Senior Creditor has entered into financing arrangements with Issuer pursuant to that certain Securities Purchase Agreement, dated as
of January 26, 2022 (the “Securities Purchase Agreement”) by and among Senior Creditor and the Issuer, secured by
certain assets and properties of Issuer and certain other guarantors and evidenced by the Senior Secured Convertible Note, dated as of
May 5, 2022 (the “Senior Note”), issued by the Issuer in favor of the Senior Creditor;

 

WHEREAS,
Subordinated Creditor, Issuer, Forever 8 Fund, LLC, a Delaware limited liability company (“Forever 8”), members of
Forever 8 set forth on the signature pages thereto and Paul Vassilakos, in his capacity as seller representative, have entered into that
certain Membership Interest Purchase Agreement (the “MIPA”), dated as of the date hereof, pursuant to which, among
other things, Issuer has agreed to execute and deliver to Subordinated Creditor Subordinated Notes (as defined below); and

 

WHEREAS,
each Creditor desires to enter into this Subordination Agreement to agree upon the terms of the subordination of (x) the obligations
of Issuer to Subordinated Creditor to (y) the obligations of Issuer to Senior Creditor;

 

NOW
THEREFORE, in consideration of the mutual benefits accruing to Creditors and Issuer hereunder and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows:

 

1. DEFINITIONS

 

Capitalized
terms not otherwise defined herein will have the meaning given such terms in the SPA or the Senior Note, as applicable. As used above
and in this Subordination Agreement, the following terms shall have the meanings ascribed to them below:

 

1.1 “Agreements”
shall mean, collectively, the Senior Debt Agreements and the Subordinated Note Agreements.

 

1.2 “Claims”
shall have the meaning set forth in Section 2.4(b) hereof.

 

1.3 “F8
Documents” shall mean the Subordinated Notes, the MIPA and the Operating Agreement, collectively.

 

1.4 “Insolvency
Proceeding” shall mean: (i) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization
or other similar case or proceeding in connection therewith, relative to Issuer or the assets thereof; (ii) any liquidation, dissolution
or other winding up of Issuer or the assets thereof, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy;
or (iii) any assignment for the benefit of creditors or any other marshaling of assets and liabilities of Issuer other than any such
marshaling commenced by Senior Creditor.

 

    	 

    	 

    

 

1.5 “Issuer”
shall mean Cryptyde, Inc. and its successors and assigns, including without limitation, any receiver, trustee or debtor-in-possession
on behalf of such entity or on behalf of any such successor or assign.

 

1.6 “Creditors”
shall mean, collectively, Senior Creditor and Subordinated Creditor and their respective successors and assigns, being sometimes referred
to herein individually as a “Creditor.”

 

1.7 “Lien”
shall mean any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, security interest, encumbrance (including
but not limited to, easements, rights of way and the like), lien (statutory or other), security agreement or transfer intended as security,
including without limitation, any conditional sale or other title retention agreement, the interest of a lessor under a capital lease
or any financing lease having substantially the same economic effect as any of the foregoing.

 

1.8 “MIPA”
shall have the meaning given such term in the recitals hereto.

 

1.9 “Operating
Agreement” shall mean that certain Second Amended and Restated Operating Agreement of Forever 8 dated as of the date hereof.

 

1.10 “Permitted
Payments” shall have the meaning set forth in Section 2.2 hereof.

 

1.11 “Permitted
Payments Date” shall mean the earlier to occur of (A) the first date on or after January 27, 2024 on which no Senior Default
shall have occurred and be continuing and (B) the payment in full in cash of the Senior Debt.

 

1.12 “Permitted
Refinancing” shall mean refinancing or replacing part or all of the entire Senior Debt with, to, by or in favor of any other
lender or group of lenders that at any time refinances or replaces part or all of the Senior Debt, including for this purpose, any subsequent
refinancings or replacements.

 

1.13 “Person”
or “person” shall mean any individual, sole proprietorship, partnership, corporation (including without limitation,
any corporation which elects subchapter S status under the Internal Revenue Code of 1986, as amended), limited liability company, limited
liability partnership, business trust, unincorporated association, joint stock company, trust, joint venture, or other entity or any
government or any agency or instrumentality or political subdivision thereof.

 

1.14 “RRA”
shall mean that certain registration rights agreement dated as of January 26, 2022 by and among the Issuer and the Senior Creditor.

 

1.15 “Securities
Purchase Agreement” shall have the meaning given such term in the recitals hereto.

 

1.16 “Senior
Creditor” shall mean, collectively, Hudson Bay Master Fund Ltd., and all other noteholders party to the Senior Debt Agreements,
along with their successors and assigns, including without limitation, any other lender or agent for a group of lenders that at any time
enters into and provides a Permitted Refinancing.

 

1.17 “Senior
Debt” shall mean all obligations, liabilities and indebtedness of any amount and of every kind, nature and description now
or hereafter owing by Issuer to Senior Creditor, including principal, interest, charges, fees, premiums, indemnities and expenses, however
evidenced, whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising
before or after the commencement of any case with respect to Issuer under the U.S. Bankruptcy Code or any similar statute (and including,
without limitation, any principal, interest, fees, costs, expenses and other amounts), whether direct or indirect, absolute or contingent,
joint or several, due or not due, primary or secondary, liquidated or unliquidated, secured or unsecured, and whether arising directly
or howsoever acquired by Senior Creditor, including without limitation under the Senior Debt Agreements.

 

    	2

     

    

 

1.18 “Senior
Debt Agreements” shall mean the Securities Purchase Agreement, and all other agreements, guarantees, documents and instruments
at any time executed and/or delivered by with, to or in favor of Senior Creditor by Issuer or any of its subsidiaries, including the
Senior Note, as all of the foregoing now exist or may hereafter be amended, modified, supplemented, extended, renewed or restated, or
as may be refinanced or replaced by a Permitted Refinancing.

 

1.19 “Senior
Default” shall mean a default (or an event which with notice or lapse of time or both would become a default) or an event of
default described in a Senior Debt Agreement.

 

1.20 “Senior
Default Notice” shall mean a written notice, given to Issuer and Subordinated Creditor, to the effect that (a) a Senior Default
under a Senior Debt Agreement has occurred and is continuing; or (b) the payment of an otherwise Permitted Payment by Issuer to Subordinated
Creditor would cause a Senior Default to occur by reason of a violation of this Subordination Agreement or a Senior Debt Agreement.

 

1.21 “Senior
Liens” shall mean any liens arising out of the Senior Debt Agreements on property and interests in property of Issuer, regardless
of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise.

 

1.22 “Senior
Note” shall have the meaning given such term in the recitals hereto.

 

1.23 “Subordinated
Creditor” shall the Persons listed on Annex A hereto and each of their respective successors and assigns, each in their capacity
as a member or former member of Forever 8, under and with respect to the Subordinated Debt.

 

1.24 “Subordinated
Debt” shall mean all obligations, liabilities and indebtedness of every kind, nature and description owing by Issuer to Subordinated
Creditor, including principal, interest, charges, fees, premiums, indemnities and expenses, however evidenced, whether as principal,
surety, endorser, guarantor or otherwise, arising under the Subordinated Note Agreements, the MIPA, Issuer’s organizational documents
or otherwise, in each case, whether now existing or hereafter arising, whether arising before or after the commencement of any case with
respect to Issuer under the U.S. Bankruptcy Code or any similar statute (and including, without limitation, any principal, interest,
fees, costs, expenses and other amounts), whether direct or indirect, absolute or contingent, joint or several, due or not due, primary
or secondary, liquidated or unliquidated, secured or unsecured, and whether arising directly or howsoever acquired by Subordinated Creditor.

 

1.25 “Subordinated
Event of Default” shall mean any event of default of or under the Subordinated Debt described in the Subordinated Note Agreements,
including without limitation, any event of default occurring by reason of Issuer’s non-payment of scheduled principal or interest
on the Subordinated Debt.

 

1.26 “Subordinated
Note” shall mean, collectively, those certain Convertible Promissory Notes dated as of the date hereof and attached hereto
as Exhibit A issued by Issuer pursuant to the terms and conditions of the MIPA, as may hereafter, if and as permitted hereunder, be amended,
modified, supplemented, extended, renewed or restated, or as may be refinanced or replaced or restructured.

 

    	3

     

    

 

1.27 “Subordinated
Note Agreements” shall mean, collectively, the Subordinated Notes and all other agreements, documents and instruments at any
time executed and/or delivered by Issuer with, to or in favor of Subordinated Creditor in connection therewith or related thereto, as
all of the foregoing now exist or may hereafter, if and as permitted hereunder, be amended, modified, supplemented, extended, renewed,
restated, refinanced, replaced or restructured.

 

1.28 “Threshold
Date” shall mean the earliest date upon which any of the following shall have occurred: (A) so long as there is no Equity Conditions
Failure (as defined in the Senior Note) during the Measuring Period (as defined below), the arithmetic average of the ten (10) daily
VWAPs (as defined in the Senior Note) of the Common Stock exceeds $2.00 (as adjusted for any stock dividend, stock split, stock combination,
reclassification or similar transaction with respect to the Common Stock occurring after the date hereof) during any ten (10) consecutive
Trading Day period (such ten (10) consecutive Trading Day period, the “Measuring Period”) occurring after the date
the Registration Statement (as defined in the RRA) registering all of the Registrable Securities (as defined in the RRA), without allowing
for any cutback pursuant to Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), for resale
by the Holder has been declared effective by the Securities and Exchange Commission and remains effective and available to the Holder
on each day during such Measuring Period, ; (B) the Permitted Payments Date; and (C) the outstanding Conversion Amount (as defined in
the Senior Note) is less than $1,000,000; provided that, in the case of any of the foregoing clauses (A), (B) or (C), the Threshold Date
shall be deemed to have occurred only if at such time one or more Registration Statements (as defined in the RRA) registering all Registrable
Securities (as defined in the RRA), without allowing for any cutback pursuant to Rule 415 of the Securities Act, for resale by the Holder
shall have been declared effective by the SEC.

 

1.29 All
terms defined in the Uniform Commercial Code, as amended from time to time, unless otherwise defined herein shall have the meanings set
forth therein. All references to any term in the plural shall include the singular and all references to any term in the singular shall
include the plural.

 

2. SUBORDINATION
TO SENIOR DEBT.

 

2.1 Agreement
to Subordinate.

 

(a) Issuer
covenants and agrees, and Subordinated Creditor covenants and agrees, that: (i) in accordance with and subject to the provisions of this
Subordination Agreement, the payment (whether in cash, kind or equity) of all the Subordinated Debt shall be subordinated and junior
in right of payment to the prior payment in full of all of the Senior Debt; and (ii) except as expressly permitted pursuant to the terms
of this Subordination Agreement, Subordinated Creditor shall not ask, demand, sue for, take, receive from Issuer, or retain by set-off
or in any other manner, the whole or any part of the Subordinated Debt, or take any action to enforce Subordinated Creditor’s rights
under the Subordinated Note Agreements, unless and until all of the Senior Debt shall have been fully paid and satisfied with interest.
Any judgment in favor of Subordinated Creditor pursuant to any such action shall be subject to the provisions herein concerning Permitted
Payments, as defined in Section 2.2 below.

 

(b) Senior
Creditor and Issuer each acknowledges and agrees that the terms and provisions of this Subordination Agreement do not violate any term
or provision of the Senior Debt Agreements.

 

(c) Subordinated
Creditor and Issuer each acknowledges and agrees that the terms and provisions of this Subordination Agreement do not violate any term
or provision of the Subordinated Note Agreements.

 

    	4

     

    

 

2.2 Permitted
Payments.

 

(a) Subject
to the last sentence of this Section 2.2(a), with respect to the Subordinated Debt, Issuer shall be permitted to make, and Subordinated
Creditor shall be permitted to receive and retain, only the following payments (the “Permitted Payments”): following
the Permitted Payments Date, (x) payments of accrued interest (at a non-default rate) owed on the Subordinated Debt, when due, (y) regularly
scheduled payments of principal owing under the Subordinated Note on a non-accelerated basis and (z) prepayments to the Subordinated
Creditor in accordance with the terms of Section 8 of the Subordinated Note; provided, for avoidance of doubt, that Issuer shall
not be permitted to make, and Subordinated Creditor shall not be permitted to receive or retain, directly or indirectly, any payments
of any kind in respect of the Subordinated Debt at any time prior to the Permitted Payments Date, without the prior consent of the Senior
Creditor. Notwithstanding the foregoing, no Permitted Payment shall be permitted to be made by Issuer or retained by Subordinated Creditor
to the extent such Permitted Payment would be made by Issuer or received by Subordinated Creditor from and after the date on which notice
of a Senior Default Notice is given in accordance with Section 4.8 ; provided, however, that, if Issuer and Subordinated
Creditor shall have received a Senior Default Notice, Permitted Payments may be made by Issuer and retained by Subordinated Creditor
on and after the date of the earliest to occur of: (i) the day on which the Senior Default that is the subject of such Senior Default
Notice is cured or waived by Senior Creditor or (ii) payment in full in cash of the Senior Debt.

 

(b) Except
for Permitted Payments, should any payment or distribution be transferred or made by or on behalf of the Issuer to the Subordinated Creditor
or received by Subordinated Creditor in respect of the Subordinated Debt or otherwise, Subordinated Creditor shall receive and hold the
same in trust, as trustee, for the benefit of Senior Creditor, segregated from other funds and property of Subordinated Creditor, and
shall forthwith deliver the same to Senior Creditor (together with any endorsement or assignment of Subordinated Creditor where necessary),
for application to any of the Senior Debt. In the event of the failure of Subordinated Creditor to make any such endorsement or assignment
to Senior Creditor, such Senior Creditor, or any of its officers or employees, are hereby irrevocably authorized on behalf of Subordinated
Creditor to make the same. Notwithstanding anything to the contrary set forth in the F8 Documents or the Subordinated Note Agreements,
the Issuer shall not issue any of its Common Stock, $0.001 par value per share, or any securities convertible, exchangeable or exercisable
for such Common Stock pursuant to any of the F8 Documents, the Subordinated Note Agreements or otherwise related to the F8 Documents
or the Subordinated Note Agreements prior to the Threshold Date.

 

2.3 Limitation
on Actions. Subordinated Creditor shall not have any right to exercise any rights and remedies against Issuer or any guarantor of
the Subordinated Debt, to accelerate or otherwise enforce or collect upon the Subordinated Debt or any assets of Issuer, to take possession
of assets of Issuer or to foreclose upon any such assets, whether by judicial action or otherwise, until after the Senior Debt has been
paid in full or the consent of Senior Creditor to same has been obtained, which consent may be withheld in the sole discretion of Senior
Creditor. To the extent that Subordinated Creditor is restrained by the terms of this Subordination Agreement from enforcing the terms
of the Subordinated Debt, then Issuer agrees that the statute of limitations is tolled with respect to any such default and shall not
begin to run until Subordinated Creditor is first entitled under the terms of this Subordination Agreement to enforce the terms of the
Subordinated Debt (either as a result of the consent of Senior Creditor, which consent may be withheld in the sole discretion of Senior
Creditor, or the termination of this Subordination Agreement or otherwise). Subordinated Creditor may participate in any Insolvency Proceeding
not initiated by or at the request of Subordinated Creditor or any other Person acting in concert with Subordinated Creditor, provided
that Subordinated Creditor retains separate counsel (at Subordinated Creditor’s expense) in such Insolvency Proceeding. In any
Insolvency Proceeding, Senior Creditor shall have the right to vote with respect to the Subordinated Debt on behalf of the Subordinated
Creditor, including the right to vote to accept or reject any plans of partial or complete liquidation, reorganization, composition or
extension. In no event shall any Subordinated Creditor support or vote in favor of any plan of reorganization (and each shall be deemed
to have voted to reject any plan of reorganization) unless such plan (A) provides for the repayment in full in cash of all Senior Debt
or (B) is accepted by the Senior Creditor.

 

    	5

     

    

 

2.4 Priority
and Rights in Certain Insolvency Proceedings.

 

(a) Insolvency
Proceedings. Upon the occurrence and continuance of an Insolvency Proceeding, and until all amounts payable in respect of the Senior
Debt shall have been fully paid:

 

		(1)	No
                                            payment or distribution of assets or securities of Issuer or any guarantor of any kind or
                                            character, whether in cash, property or securities, shall be made to Subordinated Creditor
                                            in respect of the Subordinated Debt, until after the Senior Debt has been paid in full or
                                            the consent of Senior Creditor to same has been obtained, which consent may be withheld in
                                            the sole discretion of Senior Creditor; and

 

		(2)	Subordinated
                                            Creditor hereby directs Issuer, or any other Person making any payment or distribution in
                                            respect of the property or assets of Issuer, to pay all sums payable to Subordinated Creditor,
                                            but for the provisions of clause (a)(l) of this Section 2.4, directly to Senior Creditor,
                                            or the representatives thereof, to the extent necessary to pay in full all amounts payable
                                            to Senior Creditor in respect of the Senior Debt, after taking into account any concurrent
                                            payment or distribution being made to Senior Creditor. Senior Creditor shall be entitled
                                            to receive, for application to the payment of Senior Debt, any payment or distribution of
                                            any kind or character, whether in cash, property or securities (including any such payment
                                            or distribution which may be payable or deliverable by reason of the payment of any other
                                            indebtedness of Issuer being subordinated to the payment of the Subordinated Debt) which
                                            may be payable or deliverable in respect of the Subordinated Debt in any such Insolvency
                                            Proceeding.

 

(b) Proofs
of Claim. Upon the occurrence and continuance of an Insolvency Proceeding, and until all amounts payable in respect of the Senior
Debt shall have been fully paid, Subordinated Creditor hereby irrevocably authorizes and empowers Senior Creditor to make and present
for and on behalf of Subordinated Creditor such proofs of claim against Issuer on account of the Subordinated Debt as Senior Creditor
may deem expedient or proper, which proofs of claim have not otherwise been properly filed by Subordinated Creditor fifteen (15) days
prior to the bar date for such filings (“Claims”). Senior Creditor shall, promptly upon filing thereof, deliver to
Subordinated Creditor copies of each Claim filed by Senior Creditor under this Section 2.4(b). Nothing in this Subordination Agreement
shall prohibit Subordinated Creditor from (i) serving on a creditors’ committee or (ii) filing any motions or pleadings or taking
such other actions as may be necessary or desirable with respect to any claim in an Insolvency Proceeding that is not inconsistent with
this Subordination Agreement.

 

(c) Right
to Rely on Court Orders. Upon any payment or distribution of assets or securities referred to in this Section 2.4, Subordinated
Creditor shall be entitled to rely upon any order or decree of a court of competent jurisdiction in which such proceeding is pending,
and upon a certificate of the receiver, trustee in bankruptcy, liquidating trustee, agent or other person making any such payment or
distribution, delivered to Subordinated Creditor for the purpose of ascertaining the person or entities entitled to participate in such
distribution, Senior Debt and other indebtedness of Issuer, the amount thereof or payable thereon, the amount or amounts paid or distributed
thereon and all other facts pertinent thereto or this Section 2.4 of this Subordination Agreement.

 

    	6

     

    

 

2.5 Subordinated
Excess Payments. To the extent any payment or distribution to which Subordinated Creditor would otherwise have been entitled but
for the provisions of this Subordination Agreement shall have been applied, pursuant to the provisions of this Subordination Agreement,
to the payment of all amounts payable in respect of Senior Debt, then and in such case Subordinated Creditor shall be entitled to receive
from Senior Creditor such payments or distributions received by Senior Creditor in excess of the amount sufficient to pay the Senior
Debt in full and satisfied with interest, and Subordinated Creditor shall be subrogated to the rights and interests of Senior Creditor,
as set forth in Section 2.7, 2.8 and 2.9.

 

2.6 Relative
Priority of Liens. Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of the Senior Liens,
the UCC or any other applicable law or any defect or deficiencies in, or failure to perfect or lapse in perfection of, the Senior Liens,
or any terms of the Subordinated Loan Documents or of the Senior Loan Documents, the parties hereto agree that the Senior Liens shall
be senior in all respects and prior to the liens securing the Subordinated Debt (to the extent Subordinated Creditor has any security
interest or Lien) until such time as the Senior Debt has been paid in full including interest. The Subordinated Debt shall not be secured
by any property or interest in property of Issuer.

 

2.7 Continuing
Nature of Subordination. This Subordination Agreement shall be effective and may not be terminated or otherwise revoked by Subordinated
Creditor until all Senior Debt shall have been fully paid and satisfied with interest and all financing arrangements between Senior Creditor
and Issuer shall have been terminated. In the event that Subordinated Creditor shall have any right under applicable law to terminate
or revoke this Subordination Agreement, which right cannot be waived, such termination or revocation shall not be effective until notice
of such termination or revocation, signed by Subordinated Creditor are actually received by Senior Creditor by written notice given in
accordance with this Subordination Agreement. In the absence of such non-waivable right to revoke or terminate, this Subordination Agreement
is a continuing agreement of subordination, and Senior Creditor may continue, at any time and without notice to Subordinated Creditor
to extend credit or other financial accommodations and loan monies to or for the benefit of Issuer on the faith hereof subject to the
terms of Section 2.10 hereof. Any termination or revocation described hereinabove shall not affect this Subordination Agreement
in relation to: (a) any of the Senior Debt that arose prior to receipt of the above-referenced notice of revocation or termination or
(b) any of the Senior Debt created after receipt thereof, if such Senior Debt was incurred pursuant to Senior Creditor’s committed
financing arrangements with Issuer and/or for the purpose of protecting any assets of Issuer securing the Senior Debt.

 

2.8 Subordination
Not Affected by Additional Agreements. Senior Creditor, at any time and from time to time, may enter into such agreements with Issuer
or any guarantors of the Senior Debt as Senior Creditor may deem proper altering the terms of all or any of the Senior Debt or affecting
the security underlying any or all Senior Debt, and may exchange, sell, release, surrender or otherwise deal with any such security,
without in any way thereby impairing or affecting this Subordination Agreement.

 

2.9 Certain
Notices. Subordinated Creditor agrees to promptly give Senior Creditor written notice of (i) any Subordinated Event of Default; (ii)
any notice given to Issuer with respect to any matter that could result in a Subordinated Event of Default; (iii) the cure or waiver
of any Subordinated Event of Default; (iv) the transfer, assignment, sale or other disposition of all or any portion of the Subordinated
Debt; and (v) the amendment or modification of, or supplement to, any agreement, document or instrument related to the Subordinated Debt
(such notice to include copies of all related agreements, documents and instruments). Issuer hereby authorizes and consents to Subordinated
Creditor sending any such notices and other information to Senior Creditor.

 

    	7

     

    

 

2.10 Modifications
to Subordinated Debt. The subordination provisions contained in this Subordination Agreement are for the benefit of Senior Creditor
and neither such provisions nor the terms of the Subordinated Debt may be rescinded, canceled, amended or modified in any way without
the prior written consent thereto executed by Senior Creditor; provided, however, that without the written consent of Senior
Creditor, Subordinated Creditor may amend, modify or supplement the terms of payment of the Subordinated Debt, or otherwise modify the
other terms of the Subordinated Note Agreements unless the effect of such amendment or modification is to (i) increase the rate of interest
on the Subordinated Debt payable to Subordinated Creditor prior to the payment in full of the Senior Debt; (ii) increase the amount of
any scheduled principal repayment or increase the frequency of principal repayments or increase the principal amount owing under the
Subordinated Note Agreements; (iii) shortening the dates upon which payments of principal or interest are due on any portion of the Subordinated
Debt; (iv) make the covenants and events of default contained therein more restrictive; or (v) amend or otherwise make adjustments to
the Subordinated Note other than to account for any post-closing adjustments in strict adherence to the provisions of the MIPA. In addition,
Subordinated Creditor may, without the consent of Senior Creditor, waive defaults, extend the maturity of the Subordinated Debt and enter
into other amendments, modifications or supplements, the effect of which is to make the terms of the Subordinated Debt less restrictive
on the Issuer than prior to such amendment, modification or supplement.

 

2.11 Subrogation.
Subordinated Creditor shall have no rights of subrogation against the Issuer or any other guarantor of the Subordinated Debt or any security
therefor, unless and until all of the Senior Debt has been paid and satisfied in full.

 

3. REPRESENTATIONS
AND WARRANTIES.

 

3.1 Additional
Senior Creditor Representations. Any Senior Creditor which is a party hereto hereby represents and warrants to Subordinated Creditor,
with respect to its Senior Debt, that:

 

(a) the
execution, delivery and performance of this Subordination Agreement by Senior Creditor is within the powers of such Senior Creditor,
has been duly authorized by Senior Creditor, and does not contravene any law, any provision of any Senior Debt Agreement or any agreement
to which Senior Creditor is a party or by which it is bound;

 

(b) this
Subordination Agreement constitutes the legal, valid and binding obligations of Senior Creditor, enforceable against Senior Creditor
in accordance with its terms and shall be binding on it;

 

(c) as
of the date hereof, Senior Creditor is the exclusive legal and beneficial owner of all of the Senior Debt; and

 

(d) as
of the date hereof, the Senior Debt is not subject to any lien, security interest, financing statements, subordination, assignment or
other claim, except as contemplated in the Senior Debt Agreements.

 

3.2 Additional
Representations of Subordinated Creditor. Subordinated Creditor hereby represents and warrants to Senior Creditor that:

 

(a) the
execution, delivery and performance of this Subordination Agreement by Subordinated Creditor is within the powers of Subordinated Creditor
and does not contravene any law, any provision of any of the Subordinated Note Agreements or any agreement to which Subordinated Creditor
is a party or by which it is bound in respect of the Subordinated Note;

 

    	8

     

    

 

(b) this
Subordination Agreement constitutes the legal, valid and binding obligation of Subordinated Creditor, enforceable against Subordinated
Creditor in accordance with its terms and shall be binding on it;

 

(c) as
of the date hereof, no default or event of default, or event that with notice or passage of time or both would constitute an event of
default, exists or has occurred under the Subordinated Note Agreements;

 

(d) as
of the date hereof, Subordinated Creditor is the exclusive legal and beneficial owner of all of the Subordinated Debt;

 

(e) as
of the date hereof, the Subordinated Note is not subject to any lien, security interest, financing statements, subordination, assignment
or other claim; and

 

(f) attached
hereto as Exhibit A is a true and complete copy of the Subordinated Note.

 

4. MISCELLANEOUS

 

4.1 Transfer
of Claims. Subordinated Creditor shall not sell, assign, or otherwise transfer, in whole or in part, any of the Subordinated Debt
or any interest therein, unless such sale, assignment or transfer is made expressly subject to and the transferee becomes bound by the
terms of this Subordination Agreement applicable to such Subordinated Debt.

 

4.2 Information
Concerning Financial Condition. Each of Senior Creditor and Subordinated Creditor hereby assumes responsibility for keeping itself
informed of the financial condition of Issuer, any and all endorsers and any and all guarantors of the Senior Debt, the Subordinated
Debt and of all other circumstances bearing upon the risk of non-payment of the Senior Debt or the Subordinated Debt that diligent inquiry
would reveal. In the event that any Creditor, in its sole discretion, undertakes, at any time or from time to time, to provide any such
information to another Creditor, the Creditor so providing information shall be under no obligation: (i) to provide any such information
to the other Creditor on any subsequent occasion; (ii) to undertake any investigation not a part of such Creditor’s regular business
routine; or (iii) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such Creditor wishes
to maintain confidential. Upon the occurrence and continuance of either a Subordinated Event of Default or a Senior Default, Issuer hereby
expressly authorizes Creditors to discuss with each other, and provide to each other, any and all information concerning Issuer and its
financial condition.

 

4.3 CONSENT
TO JURISDICTION; WAIVERS. SUBORDINATED LENDER, ISSSUER AND SENIOR LENDER WHICH ARE PARTIES HERETO EACH CONSENTS TO THE EXCLUSIVE
JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF NEW YORK. THE PARTIES WAIVE PERSONAL SERVICE OF ANY AND ALL PROCESS
UPON THEM, AND CONSENT THAT ALL SUCH SERVICE OF PROCESS BE MADE BY REGISTERED MAIL DIRECTED TO SUCH PARTY AT THE ADDRESS STATED BELOW.
EACH OF THE PARTIES WAIVES TRIAL BY JURY, ANY OBJECTION BASED UPON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION
INSTITUTED HEREUNDER. NOTHING IN THIS SECTION 4.3 SHALL AFFECT THE RIGHT OF THE PARTIES TO SERVE LEGAL PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR AFFECT THE RIGHT OF THE PARTIES TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OTHER PARTY OR ITS RESPECTIVE PROPERTY
IN THE COURTS OF ANY OTHER JURISDICTION.

 

    	9

     

    

 

4.4 No
Waiver. No failure to exercise or no delay in exercising, on the part of Senior Creditor or Subordinated Creditor, any right, power
or privilege under the Senior Debt Agreements, and/or the Subordinated Note Agreements, as the case may be, shall operate as a waiver
thereof, nor shall any single or partial exercise by Senior Creditor or Subordinated Creditor of any right, power or privilege under
the Senior Debt Agreements and/or the Subordinated Note Agreements, as the case may be, preclude any other or further exercise thereof
or the exercise of any other right, power or privilege. Subject to the terms of this Subordination Agreement, each Creditor agrees that
the other Creditors shall be entitled to manage and supervise their financial accommodations to Issuer in accordance with each Creditor’s
usual practices, modified from time to time as it deems appropriate under the circumstances and in accordance with the terms of this
Subordination Agreement, without regard to the existence of any rights that any Creditor may now or hereafter have in or to any of the
assets of Issuer. Subject to the obligations under this Subordination Agreement, neither Senior Creditor nor Subordinated Creditor shall
have any liability to any of the others for, and each waives any claim which it may now or hereafter have against any of the others arising
out of, any and all actions which such Senior Creditor or Subordinated Creditor, as the case may be, in good faith, takes or omits to
take (including, without limitation, actions with respect to the creation, perfection or continuation of liens or security interests
in collateral, actions with respect to the occurrence of an “Event of Default” under the Senior Debt Agreements or the Subordinated
Note Agreements, as the case may be, actions with respect to the foreclosure upon, sale, release of, depreciation of or failure to realize
upon, any of such collateral, and actions with respect to the collection of any claim for all or any part of the Senior Debt or the Subordinated
Debt, as the case may be, from any account debtor, guarantor or any other party or the valuation, use, protection or release of the collateral).

 

4.5 GOVERNING
LAW. THIS SUBORDINATION AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REFERENCE TO THE PRINCIPLES OF CONFLICTS OF LAWS OR ANY OTHER PRINCIPLE THAT COULD RESULT IN THE APPLICATION OF THE LAWS OF ANY OTHER
JURISDICTION.

 

4.6 Amendments.
Any waiver, permit, consent or approval by any of Creditors of or under any provision, condition or covenant to this Subordination Agreement
must be in writing and shall be effective only to the extent it is set forth in writing, signed by the applicable Creditor, and as to
the specific facts or circumstances covered thereby. Any amendment of this Subordination Agreement must be in writing and signed by each
of the parties to be bound thereby.

 

4.7 Successors
and Assigns.

 

(a) This
Subordination Agreement shall be binding upon the Issuer and each Creditor and their respective legal representatives, successors and
assigns and shall inure to the benefit of each Creditor and its legal representatives, successors and assigns.

 

(b) In
connection with any assignment or transfer of any or all of the Senior Debt or the Subordinated Debt, as the case may be, or any or all
rights of any Creditor in the property of Issuer, each Creditor agrees to execute and deliver an agreement containing terms substantially
identical to those contained herein in favor of any such assignee or transferee and, in addition, will execute and deliver an agreement
containing terms substantially identical to those contained herein in favor of any third person who provides a Permitted Refinancing.

 

    	10

     

    

 

4.8 Notices.
All notices, requests and demands to or upon the respective parties hereto shall be in writing and shall be deemed duly given, made or
received: if delivered in person, immediately upon delivery; if by telex, telegram or facsimile transmission immediately upon sending
and upon confirmation of receipt; if by nationally recognized overnight courier service with instructions to deliver the next business
day, one (1) business day after sending; and if mailed by certified mail, return receipt requested, five (5) days after mailing to the
parties at their addresses set forth below (or to such other addresses as the parties may designate in accordance with the provisions
of this Section):

 

	To
    Senior Creditor:	 	c/o
    Hudson Bay Capital Management LP

    28
    Havemeyer Place 2nd Floor

    Greenwich,
    CT 06830

    Attention:
    DI Team

    Facsimile:
    (212) 571-1279

    E-mail:
    investments@hudsonbaycapital.com

	 	 	 
	with
    a copy to:	 	Schulte
    Roth & Zabel LLP

    919
    Third Avenue

    New
    York, New York 10022

    Attention:
    Eleazer Klein, Esq.

    Facsimile:
    (212) 593-5955

    Telephone:
    (212) 756-2376

    E-mail:
    eleazer.klein@srz.com

	 	 	 
	To
    Subordinated Creditor:	 	At
    the addresses set forth on the Subordinated Creditor signature pages hereto.
	 	 	 
	To
    Issuer:	 	Cryptyde,
    Inc.

    200
    9th Avenue North, Suite 220

    Safety
    Harbor, Florida 34695

    Attention
    : Phillip McFillin

    Telephone:
    (727) 287-3843

    E-mail
    : pmc@cyptyde.com

	 	 	 
	with
    a copy to:	 	Haynes
    and Boone, LLP

    30
    Rockefeller Plaza, 26th Floor

    New
    York, New York 10112

    Attention:
    Rick Werner

    Telephone:
    (212) 659-4974

    E-Mail:
    rick.werner@haynesboone.com

 

Any
of the above Creditors may change the addresses to which all notices, requests and other communications are to be sent by giving written
notice of such address change to Issuer and each other Creditor in conformity with this Section 4.8, but such change shall not
be effective until notice of such change has been received by Issuer and the other Creditors.

 

4.9 Counterparts.
This Subordination Agreement may be executed in any number of counterparts, each of which shall be an original with the same force and
effect as if the signatures thereto and hereto were upon the same instrument. This Subordination Agreement may be executed by the parties
hereto by electronic transmission, and any counterpart so executed by electronic transmission shall be deemed to be an original hereof.

 

    	11

     

    

 

4.10 Complete
Agreement. This written Subordination Agreement is intended by the parties as a final expression of their agreement and is intended
as a complete statement of the terms and conditions of their agreement and supersedes all prior agreements and understandings and all
contemporaneous oral agreements and understandings relating to the subject matter hereof.

 

4.11 No
Third Parties Benefited. This Subordination Agreement is solely for the benefit of the Creditors and their respective successors,
participants and assigns, and no other person shall have any right, benefit, priority or interest under, or because of the existence
of, this Subordination Agreement.

 

4.12 Term.
This Subordination Agreement is a continuing agreement and shall remain in full force and effect until the satisfaction in full of all
of the Senior Debt.

 

5. CONDITIONS
TO EFFECTIVENESS

 

5.1 Effectiveness.
This Subordination Agreement shall become effective only upon satisfaction in full of the following conditions precedent:

 

(a) No
Senior Default shall have occurred and be continuing; and

 

(b) The
Senior Creditor shall have received this Subordination Agreement, duly executed and delivered by itself, each Subordinated Creditor and
the Issuer.

 

    	12

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Subordination Agreement to be duly executed as of the day and year first above written.

 

SUBORDINATED
CREDITOR:

 

	 	[_______________________]
	 	 	 
	 	By:	                                           
	 	Name:	
	 	Title:	 

 

	 	ADDRESS
    FOR NOTICES: 
	 	 
	 	[Address]
	 	[Address]
	 	[Address]
	 	 
	 	Attention:
    [____________]
	 	Telephone:
    [____________]
	 	Fax:
    [____________]
	 	E-mail
    : [____________]

 

[Subordination
Agreement]

 

    	 

    	 

    

 

SENIOR
CREDITOR:

 

	 	HUDSON BAY MASTER FUND LTD.
	 	 	 
	 	By:	         
	 	Name:	
	 	Title:	

 

[Subordination
Agreement]

 

    	 

    	 

    

 

ISSUER:

 

	 	CRYPTYDE, INC.
	 	 	 
	 	By:	 
	 	Name:	Brian
    McFadden
	 	Title:	President
    and Chief Executive Officer

 

[Subordination
Agreement]

 

    	 

    	 

    

 

Annex
A

 

Subordinated
Creditors

 

		●	Each
                                            member of Forever 8 set forth on the signature pages of the MIPA

 

		●	Paul
                                            Vassilakos, as seller representative

 

    	 

    	 

    

 

Exhibit
A

 

Subordinated
Note

 

See
Attached.

 

[Subordination
Agreement]

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