Document:

Exhibit
10.1

 

SECOND
AMENDMENT AGREEMENT

 

This
SECOND AMENDMENT AGREEMENT (the “Agreement”), dated as of April 29, 2022, is made by and between Vinco Ventures,
Inc., a Nevada corporation, with headquarters located at 6 North Main Street, Fairport, NY 14450 (the “Company”),
Cryptyde, Inc. (“Cryptyde”) and the investor listed on the signature page attached hereto (the “Holder”).
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the July Note (as defined
below).

 

A.
Pursuant to that certain Securities Purchase Agreement (as amended by the First Amendment Agreement (as defined below), the “July
SPA”) dated as of July 22, 2021 by and between the Company and the Holder, the Company sold to the Holder a Senior Secured
Convertible Note in an aggregate principal amount of $120,000,000, of which an aggregate principal amount of $113,000,000 remains outstanding
as of the date hereof (the “July Note”) and warrants representing the right to acquire shares of the Company’s
common stock, $0.001 par value per share (the “Common Stock”).

 

B.
On March 9, 2022, the parties hereto entered into an amendment agreement (the “First Amendment Agreement”) whereby
they, among other things, extended certain dates relating to the registration of securities and stockholder votes to April 30, 2022.

 

C.
The parties hereto desire to amend the First Amendment Agreement to replace the date of “April 30, 2022” in Section 7(m)
the First Amendment Agreement with “May 6, 2022”.

 

NOW
THEREFORE, in consideration of the foregoing mutual premises and the covenants and agreements hereinafter set forth, and for other
good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:

 

	 	1.	Amendment
    to First Amendment Agreement. The parties hereto agree that the first sentence of Section 7(m) of the First Amendment Agreement
    is hereby amended and restated as follows (strikethrough indicates deletion; bold underline indicates addition): 

 

“Amendment
to WEAs and RRAs. The Company or Cryptyde, as applicable, and the Holder agree that (x) the date of “April 10, 2022”
in Section 7(m) of that certain Warrant Exercise Agreement, dated as of December 20, 2021 by and among the Company and the Holder (the
“December WEA”) is hereby amended and restated to be “June 4, 2022 if there are no comments from the SEC or
Nasdaq or July 4, 2022 in the event there is a SEC comment process or similar process with Nasdaq,” and (y) (i) the text of “one
hundred twenty (120) calendar days after the Closing Date” in Section 7(m) of the November WEA, (ii) the date of “April 15,
2022” in section 1(e) of that certain Registration Rights Agreement, dated as of December 20, 2021 by and among the Company and
the Holder, (iii) the date of “March 11, 2022” in Section 7(m) of the December WEA), (iv) the date of “April 15, 2022”
in Section 7(p)(ii) of the December WEA and (v) the text of “the 10th calendar day following the Closing Date”
in Section 1(e) of that certain Registration Rights Agreement, dated as of January 26, 2022 by and among Cryptyde and the Holder are,
in each case, hereby amended and restated to be the date of “April 30 May 6, 2022”.”

 

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		2.	Representations
    and Warranties. The Holder represents and warrants to the Company and Cryptyde, and the Company and Cryptyde, severally and jointly,
    represents and warrants to the Holder as of the date hereof that: Such person is an entity duly organized and validly existing under
    the laws of the jurisdiction of its formation, has the requisite power and authority to execute and deliver this Agreement and to
    carry out and perform all of its obligations under the terms of this Agreement. This Agreement has been duly executed and delivered
    on behalf of such person, and this Agreement constitutes the valid and legally binding obligation of such person enforceable against
    such person in accordance with its terms, except as such enforceability may be limited by general principles of equity or to applicable
    bankruptcy, insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement
    of applicable creditors’ rights and remedies; The execution, delivery and performance by such person of this Agreement and
    the consummation by such person of the transactions contemplated hereby will not (i) result in a violation of the organizational
    documents of such person, (ii) conflict with, or constitute a default (or an event which with notice or lapse of time or both would
    become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement,
    indenture or instrument to which such person is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment
    or decree (including federal and state securities laws) applicable to such person, except in the case of clause (ii) and (iii) above,
    for such conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have
    a material adverse effect on the ability of such person to perform its obligations hereunder.
	 	 	 
	 	3.	Disclosure
    of Transactions and Other Material Information. The Company shall file a current report on Form 8-K (the “8-K Filing”)
    on or before 8:30 a.m., New York City time, on May 9, 2022, in the form required by the 1934 Act, relating to the transactions contemplated
    by this Agreement and attaching a form of this Agreement (including, without limitation, all schedules and exhibits to such agreement,
    if any) as an exhibit to such filing. From and after the filing of the 8-K Filing with the SEC, the Holder shall not be in possession
    of any material, nonpublic information received from the Company, any of its subsidiaries or any of their respective officers, directors,
    Affiliates, employees or agents, that is not disclosed in the 8-K Filing. In addition, effective upon the filing of the 8-K Filing,
    the Company acknowledges and agrees that any and all confidentiality or similar obligations under any agreement, whether written
    or oral, between the Company, any of its subsidiaries or any of their respective officers, directors, Affiliates, employees or agents,
    on the one hand, and the Holder or any of its Affiliates, on the other hand, shall terminate and be of no further force or effect.
    The Company shall not, and shall cause each of its subsidiaries and its and each of their respective officers, directors, Affiliates,
    employees and agents, not to, provide the Holder with any material, nonpublic information regarding the Company or any of its subsidiaries
    from and after the date hereof without the express prior written consent of the Holder. To the extent that the Company, any of its
    subsidiaries or any of their respective officers, directors, Affiliates employees or agents delivers any material, non-public information
    to the Holder without the Holder’s express prior written consent, the Company hereby covenants and agrees that the Holder’s
    shall not have any duty of confidentiality to the Company, any of its subsidiaries or any of their respective officers, directors,
    Affiliates, employees or agents with respect to, or a duty to the Company, any of its subsidiaries or any of their respective officers,
    directors, Affiliates, employees or agents not to trade on the basis of, such material, non-public information. The Company understands
    and confirms that the Holder will rely on the foregoing representations in effecting transactions in securities of the Company. 

 

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	 	4.	Miscellaneous.
    This Agreement may be executed in any number of counterparts, which together shall constitute one and the same agreement and shall
    become effective when counterparts have been signed by each party and delivered to the other party. Counterparts may be delivered
    via facsimile, electronic mail (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
    www.docusign.com) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered
    and be valid and effective for all purposes. In the event that any provision of this Agreement is found to be void or invalid, then
    such provision shall be deemed to be severable from the remaining provisions of this Agreement, and it shall not affect the validity
    of the remaining provisions, which provisions shall be given full effect as if the void or invalid provision had not been included
    herein so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties
    hereto as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question
    does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of
    the benefits that would otherwise be conferred upon the parties. The parties will endeavor in good faith negotiations to replace
    the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to
    that of the prohibited, invalid or unenforceable provision(s). The terms and provisions of this Agreement shall inure to the benefit
    of and be binding upon the heirs, successors and assigns of the parties. This Agreement shall be governed by, and construed in accordance
    with, the laws of the State of New York (without giving effect to the conflict of laws principles thereof). The courts of the State
    of New York shall have exclusive jurisdiction to resolve any and all disputes that may arise under this Agreement. Any amendments
    or modifications hereto must be executed in writing by all parties. Each party hereto shall do and perform, or cause to be done and
    performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and
    documents, as any other party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement.
    The Company shall reimburse the Holder for its reasonable legal fees and expenses actually incurred in connection with the preparation
    and negotiation of this Agreement and transactions contemplated thereby, by paying any such amount to Schulte Roth & Zabel LLP
    within two (2) Business Days of receiving the invoice of Schulte Roth & Zabel LLP by wire transfer of immediately available funds
    in accordance with the written instructions of Schulte Roth & Zabel LLP. 

 

[Signature
Page Follows]

 

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IN
WITNESS WHEREOF, the Holder, the Company and Cryptyde have caused their respective signature pages to this Agreement to be duly executed
as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	VINCO
    VENTURES, INC.
	 	 	 
	 	By:	 
	 	Name:	Lisa
    King
	 	Title:
    	Chief
    Executive Officer

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Holder, the Company and Cryptyde have caused their respective signature pages to this Agreement to be duly executed
as of the date first written above.

 

	 	CRYPTYDE:
	 	 	 
	 	CRYPTYDE,
    INC.
	 	 	 
	 	By:	 
	 	Name:	Brian
    McFadden
	 	Title:
    	President
    and CEO

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Holder, the Company and Cryptyde have caused their respective signature pages to this Agreement to be duly executed
as of the date first written above.

 

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

EXECUTION VERSION
AMENDMENT NO. 1
Dated as of April 26, 2022
to
CREDIT AGREEMENT
Dated as of September 17,  2021
THIS AMENDMENT NO. 1 (this “Amendment”) is made as of April 26, 2022 by and among Funko Acquisition Holdings, L.L.C., a Delaware limited liability company (the “Company”), the Subsidiary Borrowers party hereto (the “Subsidiary Borrowers” and, together with the Company, the “Borrowers” and each, a “Borrower”), the Lenders party hereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”), under that certain Credit Agreement dated as of September 17, 2021 by and among the Borrowers and the other Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and the Administrative Agent (as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”; the Existing Credit Agreement as amended by this Amendment, the “Amended Credit Agreement”).  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Amended Credit Agreement.
WHEREAS, the Borrowers have requested that the Required Lenders and the Administrative Agent agree to make certain amendments to the Existing Credit Agreement; and
WHEREAS, the Borrowers, the Lenders party hereto and the Administrative Agent have so agreed on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative Agent hereby agree to enter into this Amendment.
1.Amendment to the Existing Credit Agreement.  Effective as of the Amendment No. 1 Effective Date (as defined below), the Existing Credit Agreement is hereby amended as follows: 

(a)Section 1.01 of the Existing Credit Agreement is amended to add the following defined terms thereto in the appropriate alphabetical order:
“Amendment No. 1 Effective Date” means April 26, 2022.
“Designated Proceeds” means, at any time, an amount equal to the sum of (a) without duplication, the aggregate amount of net cash proceeds received by the Company from the issuance of Qualified Equity Interests to the Public Holdco (any such Qualified Equity Interests, “Designated Qualified Stock”), minus (b) the aggregate amount of all Restricted Payments made pursuant to Section 6.06(e) with the net cash proceeds of such Designated Qualified Stock.
(b)Section 6.06(e) of the Existing Credit Agreement is amended and restated in its entirety to read as follows:

(e) other Restricted Payments of the Company to the extent (i) such Restricted Payments are financed solely with Designated Proceeds that remain in cash on the Company’s balance sheet and (ii) at the time of making each such Restricted Payment and immediately after giving pro forma effect thereto and any Indebtedness incurred or assumed in connection therewith, (x) no Event of Default shall have occurred and be continuing or would result therefrom and (y) the Company is in compliance with the financial covenants set forth in Section 6.10; 
(c)Section 6.07 of the Existing Credit Agreement is amended to add the following sentence at the end of the existing Section 6.07:
“For the avoidance of doubt, any Restricted Payment contemplated by Section 6.06(e) and transactions in connection therewith shall be permitted under this Section 6.07.”
(d)Section 6.12 of the Existing Credit Agreement is amended to add the following after the existing proviso and immediately before the “.”:
“; provided, further that, for the avoidance of doubt, any issuance of Designated Qualified Stock shall be permitted by this Section 6.12”
2.Conditions of Effectiveness.  The effectiveness of this Amendment (the “Amendment No. 1 Effective Date”) is subject to the satisfaction of the following conditions precedent:
(a)The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrowers and the Required Lenders.
(b)The Administrative Agent shall have received payment of the Administrative Agent’s fees and reasonable out-of-pocket expenses (including reasonable out-of-pocket fees and expenses of counsel for the Administrative Agent) in connection with this Amendment for which invoices have been presented not less than three (3) Business Days prior to the Amendment No. 1 Effective Date (except as otherwise reasonably agreed by the Company).
3.Representations and Warranties of the Borrowers.  Each Borrower hereby represents and warrants as follows:
(a)This Amendment and the Amended Credit Agreement constitute legal, valid and binding obligations of such Borrower and, in the case of the Amended Credit Agreement, the other Loan Parties party thereto, enforceable in accordance with their respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.
(b)As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default or Event of Default has occurred and is continuing or would result therefrom and (ii) the representations and warranties of the Loan Parties set forth in the Amended Credit Agreement and the other Loan Documents are true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) with the same effect as though made on and as of the date hereof (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date is true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) only as of such specified date).
4.Reference to and Effect on the Existing Credit Agreement.

    2

(a)Upon the effectiveness hereof, each reference to the Existing Credit Agreement in the Existing Credit Agreement or any other Loan Document shall mean and be a reference to the Amended Credit Agreement.
(b)On behalf of itself and each of the other Loan Parties, each Borrower hereby (i) agrees that this Amendment and the transactions contemplated hereby shall not limit or diminish the obligations of the Loan Parties arising under or pursuant to the Loan Documents to which each such Loan Party is a party, (ii) reaffirms all of the Loan Parties’ obligations under the Existing Credit Agreement and the other Loan Documents to which each such Loan Party is a party and (iii) acknowledges and agrees that the Existing Credit Agreement and each other Loan Document executed by each such Loan Party remains in full force and effect and is hereby reaffirmed, ratified and confirmed.
(c)The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Lenders or the Administrative Agent under the Existing Credit Agreement or any of the other Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith.
(d)This Amendment is a Loan Document. 
5.Governing Law.  This Amendment shall be governed by and construed in accordance with and governed by the law of the State of New York.  The parties hereto agree that provisions of Sections 9.09 and 9.10 of the Amended Credit Agreement are hereby incorporated by reference, mutatis mutandis.
6.Headings.  Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.
7.Counterparts.  This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment that is an Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.  The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Amendment shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be; provided, that, without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any Borrower without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature, and (ii) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by a manually executed counterpart.
[Signature Pages Follow]

    3

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

FUNKO ACQUISITION HOLDINGS, L.L.C.,
as a Borrower

By:_/s/ Jennifer Fall Jung _______________
Name: Jennifer Fall Jung
Title:   Chief Financial Officer 

FUNKO HOLDINGS LLC,
as a Borrower

By:_/s/ Jennifer Fall Jung ________________
Name: Jennifer Fall Jung
Title:   Chief Financial Officer 

FUNKO, LLC,
as a Borrower

By:_/s/ Jennifer Fall Jung _________________
Name: Jennifer Fall Jung
Title:   Chief Financial Officer 

LOUNGEFLY, LLC,
as a Borrower

By:_/s/ Jennifer Fall Jung ________________
Name: Jennifer Fall Jung
Title:   Chief Financial Officer 

FUNKO GAMES, LLC,
as a Borrower

By: /s/ Jennifer Fall Jung ________________
Name: Jennifer Fall Jung
Title:   Chief Financial Officer 
 

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

JPMORGAN CHASE BANK, N.A.,
individually as a Lender and as Administrative Agent

By:_ /s/ Peter Christensen ________________
Name: Peter Christensen
Title:   Executive Director 
 
Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

						
	

Name Lender:

	
	PNC Bank N.A.
	
	
	
	By __/s/__ Janeann Fehrle________________

		Name: Janeann Fehrle

		Title:   Senior Vice President
	
	For any Lender requiring a second signature line:
	
	
	By _________________________________
		Name:
		Title:

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

Name Lender:

KEYBANK NATIONAL ASSOCIATION

By:_ /s/ Brian P. Fox ________________
Name: Brian P. Fox
Title:   Senior Vice President 

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

Citizens Bank, N.A.

By:_ /s/ Bryan Milinovich ________________
Name: Bryan Milinovich
Title:   Managing Director 

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

						
	

Name Lender:

	
	BANK OF THE WEST
	
	
	
	By __/s/_Leni Welsch________________

		Name: Leni Welsch

		Title:   Director, Market Manger
	
	For any Lender requiring a second signature line:
	
	
	By _________________________________
		Name:
		Title:

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

HSBC BANK USA, NATIONAL ASSOCIATION,
as a Lender

By:_ /s/ Mary Beth Dam ________________
Name: Mary Beth Dam
Title:   SVP, 22710 

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

						
	

Name Lender:

	
	Bank of America, N.A.
	
	
	
	By __/s/_ Cristina Meneses ________________

		Name: Cristina Meneses

		Title:   Vice President

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

						
	

Name Lender:

	
	U.S. BANK NATIONAL ASSOCIATION
	
	
	
	By __/s/_ Ken L. Case ________________

		Name: Ken L. Case

		Title:   Senior Vice President

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

						
	

Name Lender:

	
	MUFG UNION BANK, N.A.
	
	
	
	By __/s/_ Matthew Norman ________________

		Name: MATTHEW NORMAN

		Title:   DIRECTOR

Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as a Lender

By:_ /s/ Heather Ray ________________
Name: Heather Ray
                        Title:   Vice President
Signature Page to Amendment No. 1 to
Credit Agreement dated as of September 17, 2021
Funko Acquisition Holdings, L.L.C., et al.

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