Document:

SOCIAL REALITY, INC.

2012 EQUITY COMPENSATION PLAN

RESTRICTED STOCK AWARD AGREEMENT

Unless otherwise defined herein, the
terms defined in the Social Reality, Inc. 2012 Equity Compensation Plan (the “Plan”) will have the same defined
meanings in this Restricted Stock Award Agreement (the “Award Agreement”).

 

I.       NOTICE OF RESTRICTED STOCK
GRANT

Participant Name:

Address:

You have been granted the right to receive an Award of Restricted
Stock, subject to the terms and conditions of the Plan and this Award Agreement, as follows:

 

	Grant Number	 	 	 
	 	 	 
	Date of Grant	 	 	 
	 	 	 	 
	Vesting Commencement Date	 	 	 
	 	 	 	 
	Total Number of Shares Granted	 	 	 

 

Vesting Schedule:

Subject to any acceleration provisions
contained in the Plan or set forth below, the Restricted Stock will vest and the Company’s right to reacquire the Restricted
Stock will lapse in accordance with the following schedule:

 

[Insert Vesting Schedule]

 

II.           TERMS
AND CONDITIONS OF RESTRICTED STOCK GRANT

1.         Grant
of Restricted Stock. The Company hereby grants to the individual named in the Notice of Grant in Part I of this Award Agreement
(the “Participant”) under the Plan for past services and as a separate incentive in connection with his or her services
and not in lieu of any salary or other compensation for his or her services, an Award of Shares of Restricted Stock, subject to
all of the terms and conditions in this Award Agreement and the Plan, which is incorporated herein by reference. In the event of
a conflict between the terms and conditions of the Plan and the terms and conditions of this Award Agreement, the terms and conditions
of the Plan will prevail.

2.         Escrow
of Shares.

(a)          All
Shares of Restricted Stock will, upon execution of this Award Agreement, be delivered and deposited with an escrow holder designated
by the Company (the “Escrow Holder”). The Shares of Restricted Stock will be held by the Escrow Holder until such time
as the Shares of Restricted Stock vest or the date Participant ceases to be an Employee, (Eligible) Director, Consultant or Advisor
(collectively “Service Provider”).

 

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(b)          The
Escrow Holder will not be liable for any act it may do or omit to do with respect to holding the Shares of Restricted Stock in
escrow while acting in good faith and in the exercise of its judgment.

(c)          Upon
Participant’s termination as a Service Provider for any reason, the Escrow Holder, upon receipt of written notice of such
termination, will take all steps necessary to accomplish the transfer of the unvested Shares of Restricted Stock to the Company.
Participant hereby appoints the Escrow Holder with full power of substitution, as Participant’s true and lawful attorney-in-fact
with irrevocable power and authority in the name and on behalf of Participant to take any action and execute all documents and
instruments, including, without limitation, stock powers which may be necessary to transfer the certificate or certificates evidencing
such unvested Shares of Restricted Stock to the Company upon such termination.

(d)          The
Escrow Holder will take all steps necessary to accomplish the transfer of Shares of Restricted Stock to Participant after they
vest following Participant’s request that the Escrow Holder do so.

(e)          Subject
to the terms hereof, Participant will have all the rights of a stockholder with respect to the Shares while they are held in escrow,
including without limitation, the right to vote the Shares and to receive any cash dividends declared thereon.

(f)          In
the event of any dividend or other distribution (whether in the form of cash, Shares, other securities, or other property), recapitalization,
stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange
of Shares or other securities of the Company, or other change in the corporate structure of the Company affecting the Shares, the
Shares of Restricted Stock will be increased, reduced or otherwise changed, and by virtue of any such change Participant will in
his or her capacity as owner of unvested Shares of Restricted Stock be entitled to new or additional or different shares of stock,
cash or securities (other than rights or warrants to purchase securities); such new or additional or different shares, cash or
securities will thereupon be considered to be unvested Shares of Restricted Stock and will be subject to all of the conditions
and restrictions which were applicable to the unvested Shares of Restricted Stock pursuant to this Award Agreement. If Participant
receives rights or warrants with respect to any unvested Shares of Restricted Stock, such rights or warrants may be held or exercised
by Participant, provided that until such exercise any such rights or warrants and after such exercise any shares or other securities
acquired by the exercise of such rights or warrants will be considered to be unvested Shares of Restricted Stock and will be subject
to all of the conditions and restrictions which were applicable to the unvested Shares of Restricted Stock pursuant to this Award
Agreement. The Administrator or Committee (collectively “Administrator”) in its absolute discretion at any time may
accelerate the vesting of all or any portion of such new or additional shares of stock, cash or securities, rights or warrants
to purchase securities or shares or other securities acquired by the exercise of such rights or warrants.

(g)          The
Company may instruct the transfer agent for its Common Stock to place a legend on the certificates representing the Restricted
Stock or otherwise note its records as to the restrictions on transfer set forth in this Award Agreement.

3.          Vesting
Schedule. Except as provided in Section 5, and subject to Section 6, the Shares of Restricted Stock awarded by this
Award Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. Shares of Restricted Stock
scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with
any of the provisions of this Award Agreement, unless Participant will have been continuously a Service Provider from the Date
of Grant until the date such vesting occurs.

 

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4.         Administrator
Discretion. The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the
balance, of the unvested Restricted Stock at any time, subject to the terms of the Plan. If so accelerated, such Restricted Stock
will be considered as having vested as of the date specified by the Administrator.

5.          Forfeiture
upon Termination of Status as a Service Provider. Notwithstanding any contrary provision of this Award Agreement, the balance
of the Shares of Restricted Stock that have not vested at the time of Participant’s termination as a Service Provider for
any reason will be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company upon the
date of such termination and Participant will have no further rights thereunder. Participant will not be entitled to a refund of
the price paid for the Shares of Restricted Stock, if any, returned to the Company pursuant to this Section 6. Participant
hereby appoints the Escrow Agent with full power of substitution, as Participant’s true and lawful attorney-in-fact with
irrevocable power and authority in the name and on behalf of Participant to take any action and execute all documents and instruments,
including, without limitation, stock powers which may be necessary to transfer the certificate or certificates evidencing such
unvested Shares to the Company upon such termination of service.

6.          Death
of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant is then
deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or
executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her
status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance
with any laws or regulations pertaining to said transfer.

7.          Withholding
of Taxes. Notwithstanding any contrary provision of this Award Agreement, no certificate representing the Shares of Restricted
Stock may be released from the escrow established pursuant to Section 2, unless and until satisfactory arrangements (as determined
by the Administrator) will have been made by Participant with respect to the payment of income, employment and other taxes which
the Company determines must be withheld with respect to such Shares. The Administrator, in its sole discretion and pursuant to
such procedures as it may specify from time to time, may permit Participant to satisfy such tax withholding obligation, in whole
or in part (without limitation) by (a) paying cash, (b) electing to have the Company withhold otherwise deliverable Shares
having a Fair Market Value equal to the minimum amount required to be withheld, (c) delivering to the Company already vested
and owned Shares having a Fair Market Value equal to the amount required to be withheld, or (d) selling a sufficient number
of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion (whether
through a broker or otherwise) equal to the amount required to be withheld. To the extent determined appropriate by the Company
in its discretion, it will have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number
of Shares otherwise deliverable to Participant. If Participant fails to make satisfactory arrangements for the payment of any required
tax withholding obligations hereunder at the time any applicable Shares otherwise are scheduled to vest pursuant to Sections 3
or 5, Participant will permanently forfeit such Shares and the Shares will be returned to the Company at no cost to the Company.

8.          Rights
as Stockholder. Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges
of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such
Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant
or the Escrow Agent. Except as provided in Section 2, after such issuance, recordation and delivery, Participant will have
all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on
such Shares.

 

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9.          No
Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE SHARES OF RESTRICTED STOCK PURSUANT
TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR
SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS RESTRICTED STOCK OR ACQUIRING
SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AWARD AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER
AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE
PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR
THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT’S RELATIONSHIP
AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.

 

10.         Address
for Notices. Any notice to be given to the Company under the terms of this Award Agreement will be addressed to the Company,
in care of its Stock Administration at Social Reality Inc., 479 Rodeo Drive, Suite 308, Beverly Hills, CA 90210 or at such other
address as the Company may hereafter designate in writing.

11.         Grant
is Not Transferable. Except to the limited extent provided in Section 7, the unvested Shares subject to this grant and
the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation
of law or otherwise) and will not be subject to sale under execution, attachment or similar process. Upon any attempt to transfer,
assign, pledge, hypothecate or otherwise dispose of any unvested Shares of Restricted Stock subject to this grant, or any right
or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this grant and the
rights and privileges conferred hereby immediately will become null and void.

12.          Binding
Agreement. Subject to the limitation on the transferability of this grant contained herein, this Award Agreement will be binding
upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.

13.          Additional
Conditions to Release from Escrow. The Company will not be required to issue any certificate or certificates for Shares hereunder
or release such Shares from the escrow established pursuant to Section 2 prior to fulfillment of all the following conditions:
(a) the completion of any registration or other qualification of such Shares under any state or federal law or under the rulings
or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Administrator will,
in its absolute discretion, deem necessary or advisable; (b) the obtaining of any approval or other clearance from any state
or federal governmental agency, which the Administrator will, in its absolute discretion, determine to be necessary or advisable;
and (c) the lapse of such reasonable period of time following the date of grant of the Restricted Stock as the Administrator
may establish from time to time for reasons of administrative convenience.

14.          Plan
Governs. This Award Agreement is subject to all terms and provisions of the Plan. In the event of a conflict between one or
more provisions of this Award Agreement and one or more provisions of the Plan, the provisions of the Plan will govern. Capitalized
terms used and not defined in this Award Agreement will have the meaning set forth in the Plan.

 

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15.          Administrator
Authority. The Administrator will have the power to interpret the Plan and this Award Agreement and to adopt such rules for
the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such
rules (including, but not limited to, the determination of whether or not any Shares of Restricted Stock have vested). All actions
taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant,
the Company and all other interested persons. No member of the Administrator will be personally liable for any action, determination
or interpretation made in good faith with respect to the Plan or this Award Agreement.

 

16.          Electronic
Delivery. The Company may, in its sole discretion, decide to deliver any documents related to the Shares of Restricted Stock
awarded under the Plan or future Restricted Stock that may be awarded under the Plan by electronic means or request Participant’s
consent to participate in the Plan by electronic means. Participant hereby consents to receive such documents by electronic delivery
and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another
third party designated by the Company.

17.          Captions.
Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Award
Agreement.

18.          Agreement
Severable. In the event that any provision in this Award Agreement will be held invalid or unenforceable, such provision will
be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions
of this Award Agreement.

19.          Modifications
to the Agreement. This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant
expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements
other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract
executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement,
the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without
the consent of Participant, to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)
or to otherwise avoid imposition of any additional tax or income recognition under Section 409A of the Code in connection
to this Award of Restricted Stock.

20.         Amendment,
Suspension or Termination of the Plan. By accepting this Award, Participant expressly warrants that he or she has received
an Award of Restricted Stock under the Plan, and has received, read and understood a description of the Plan. Participant understands
that the Plan is discretionary in nature and may be amended, suspended or terminated by the Company at any time.

21.          Governing
Law. This Award Agreement will be governed by the laws of the State of Delaware, without giving effect to the conflict of law
principles thereof. For purposes of litigating any dispute that arises under this Award of Restricted Stock or this Award Agreement.

 

By your signature and the signature of the
Company’s representative below, you and the Company agree that this Award is granted under and governed by the terms and
conditions of the Plan and this Award Agreement. Participant has reviewed the Plan and this Award Agreement in their entirety,
has had an opportunity to obtain the advice of counsel prior to executing this Award Agreement and fully understands all provisions
of the Plan and Award Agreement. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations
of the Administrator upon any questions relating to the Plan and Award Agreement. Participant further agrees to notify the Company
upon any change in the residence address indicated below.

 

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	PARTICIPANT: 	 	SOCIAL REALITY, INC.: 
	 	 	 
	 	 	 
	Signature	 	By
	 	 
	 	 	 
	Print Name	 	Title

  

    	6EMPLOYMENT AGREEMENT

This Employment
Agreement (the “Agreement”), dated as of January 1, 2012 (the “Effective Date”),
is made by and between Social Reality, Inc., a Delaware corporation (the “Company”), and Christopher
Miglino (“Executive”).  This Agreement is intended to confirm the understanding and set forth
the agreement between the Company and Executive with respect to Executive’s employment by the Company.  In consideration
of the mutual promises and covenants contained in this Agreement, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby mutually acknowledged, the Company and the Executive hereby agree as follows:

1.            
Employment & Directorship.

(a)          
Title and Duties.  Subject to the terms and conditions of this Agreement, the Company will employ Executive, and Executive
will be employed by the Company, as Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”),
reporting to the Board of Directors of the Company (the “Board”).  Executive will have the
responsibilities, duties and authority commensurate with said position.  Executive will also perform such other services of
an executive nature for the Company as may be reasonably assigned to Executive from time to time by the Board.

(b)          
Devotion to Duties.  For so long as Executive is employed hereunder, Executive will devote substantially all of Executive’s
business time and energies to the business and affairs of the Company; provided that nothing contained in this Section 1(b)
will be deemed to prevent or limit Executive’s right to manage Executive’s personal investments on Executive’s
own personal time, including, without limitation, the right to make investments in the securities of any entity which Executive
does not control, directly or indirectly, and which does not compete with the Company.

(c)           Directorship.
In the event that Executive is elected to serve on the Company’s Board, the Executive agrees to accept election, as director
of the Company, without any compensation therefore other than as specified in this Agreement.

 

2.            
Term of Agreement; Termination of Employment.

(a)          
Term of Agreement.  The term of this Agreement shall commence on the Effective Date and shall continue in effect for four
(4) years; provided however, that commencing on the third anniversary of the Effective Date and continuing each anniversary
thereafter, the Term shall automatically be extended for two (2) additional year unless, not later than three (3) months before
the conclusion of the Term, the Company or the Executive shall have given notice not to extend the Term.  Such notice or such
termination of this Agreement shall not on its own have the effect of terminating Executive’s employment, nor shall it constitute
Cause (as defined below).  The duration of this Agreement is referred to as the “Term.”

(b)          
Termination of Employment. Subject to the provisions of Section 4, either the Executive or the Company may terminate the
employment relationship at any time for any reason.  Notwithstanding anything else contained in this Agreement, Executive’s
employment during the Term will terminate upon the earliest to occur of the following:

(i)           
Death.  Immediately upon Executive’s death;

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(ii)          
Termination by the Company.

(A)         
If because of Disability (as defined below), then upon written notice by the Company to Executive that Executive’s employment
is being terminated as a result of Executive’s Disability, which termination shall be effective on the date of such notice;

(B)          
If for Cause (as defined below), then upon written notice by the Company to Executive that states that Executive’s employment
is being terminated for Cause and sets forth the specific alleged Cause for termination and the factual basis supporting the alleged
Cause, which termination shall be effective on the date of such notice or such later date as specified in writing by the Board;
or

(C)          
If without Cause (i.e., for reasons other than Sections 2(b)(ii)(A) or (B)), then upon written notice by the Company to Executive
that Executive’s employment is being terminated without Cause, which termination shall be effective on the date of such notice
or such later date as specified in writing by the Board; or

(iii)         
Termination by Executive. 

(A)         If
for Good Reason (as defined below), then upon written notice by Executive to the Company that states that Executive is terminating
Executive’s employment for Good Reason and sets forth the specific alleged Good Reason for termination and the factual basis
supporting the alleged Good Reason, such termination shall be effective on the date of such notice; or

(B)         If
without Good Reason, then upon written notice by Executive to the Company that Executive is terminating Executive’s employment,
which termination shall be effective, at Executive’s election, not less than thirty (30) days and not more than sixty (60)
days after the date of such notice; provided that the Executive may request a shorter period subject to Board approval;
and further provided that the Board may choose to accept Executive’s resignation effective as of an earlier date.

Notwithstanding
anything in this Section 2(b), the Company may at any point terminate Executive’s employment for Cause prior to the effective
date of any other termination contemplated hereunder if such Cause exists.

(C)          
Definition of “Disability”.  For purposes of this Agreement, “Disability”
shall mean that Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than
six (6) months.  Whether the Executive has a Disability will be determined by a majority of the Board based on evidence provided
by one or more physicians selected by the Board and approved by Executive, which approval shall not be unreasonably withheld.

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(D)          
Definition of “Cause”.  For purposes of this Agreement, “Cause” shall mean
that Executive has:

(i)          intentionally
committed an unlawful act or omission in the performance of Executives duties that materially harms the Company;

(ii)
         been grossly negligent in the performance of Executive’s duties to
the Company;

(iii)
       willfully failed or refused to follow the lawful and proper directives of
the Board;

(iv)         been
convicted of, or pleaded guilty to a felony;

(v)          committed
an act involving moral turpitude;

(vi)         committed
an act relating to the Company involving fraud or theft resulting in harm to the Company;

(vii)        breached
any material provision of this Agreement or any nondisclosure or non-competition agreement (including the Proprietary Information,
Inventions, and Competition Agreement attached here as Exhibit A ), between Executive and the Company, as
all of the foregoing may be amended prospectively from time to time; or

(viii)       breached
a material provision of any code of conduct or ethics policy in effect at the Company, as all of the foregoing may be amended prospectively
from time to time.

(E)       Definition
of “Good Reason”.  For purposes of this Agreement, “Good Reason” shall mean the occurrence of
one or more of the following without the Executive’s consent:  (i) a change in the principal location at which the Executive
performs his duties for the Company to a new location that is at least forty (40) miles from the prior location without Executives
consent; or (ii) a material change in the Executive’s authority, functions, duties or responsibilities, which would cause
his position with the Company to become of less responsibility, importance or scope than his position on the date of this Agreement,
provided, however, that such material change is not in connection with the termination of the Executive’s employment by the
Company for Cause or death or Disability and further provided that it shall not be considered a material change if the Company
becomes a subsidiary of another entity and Executive continues to hold the same position in the subsidiary.

(F)       
Board Membership.  Upon: (i) termination of Executive’s employment for any reason,(ii) the removal of the Executive
from the Board by a majority vote of the shareholder, or (iii) Executives failure to be re-elected to the Board at a meeting of
shareholder, if so requested by a majority of the Board, Executive shall immediately resign in writing as a director of the Company.

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3.            
Compensation.

 

(a)          
Base Salary.  While Executive is employed hereunder, the Company will pay Executive a base salary at the gross annualized
rate of $192,000.00 (the “Base Salary”), paid in accordance with the Company’s usual payroll
practices.  The Base Salary will be subject to review annually or on such periodic basis (no less than annually) as the Company
reviews the compensation of the Company’s other senior executives and may be adjusted upwards in the sole discretion of the
Board or its designee.  The Company will deduct from each such installment any amounts required to be deducted or withheld
under applicable law or under any employee benefit plan in which Executive participates.

(b)          
Annual Bonus.  Executive may be eligible to earn an Annual Bonus relating to each fiscal year, based on the achievement
of individual and Company written goals established on an annual basis by the Board within thirty (30) days of the beginning of
the fiscal year.  Such goals may include minimum working capital or other financial requirements as a condition to receiving
the Annual Bonus. The applicable bonus amount shall be determined at such time as the Board establishes the written goals for each
applicable year (“Target Annual Bonus”). Any awarded Annual Bonus shall be paid within 2 1⁄2
months of the year to which it relates. Notwithstanding the forgoing, Executive acknowledges that the bonus may be comprised of
cash and non-cash compensation as determined at the sole discretion of the Board or its designee.

(c)         Discretionary
Bonus. At the sole discretion of the Board, the Executive shall be eligible to receive an annual discretionary bonus (the “Discretionary
Bonus”) based upon his performance during the prior year. Any awarded Discretionary Bonus shall be paid within
2 1⁄2 months of being granted. Notwithstanding the forgoing, Executive acknowledges that the bonus may be comprised of cash
or non-cash compensation as determined at the sole discretion of the Board or its designee.

 

(d)          
Fringe Benefits.  In addition to any benefits provided by this Agreement, Executive shall be entitled to participate generally
in all employee benefit, welfare and other plans, practices, policies and programs (collectively “Benefit Plans”)
and fringe benefits maintained by the Company from time to time on a basis no less favorable than those provided to other similarly-situated
executives of the Company.  Executive understands that, except when prohibited by applicable law, the Company’s Benefit
Plans and fringe benefits may be amended, enlarged, diminished or terminated prospectively by the Company from time to time, in
its sole discretion, and that such shall not be deemed to be a breach of this Agreement. Executive acknowledges that at present,
the Company does not maintain any Benefit Plans and nothing contained herein shall obligate the Company to establish any such plans.

(e)          
Paid Time Off.  Executive will be entitled to an initial thirty (30) days of Paid Time Off (“PTO”)
per year, administered in accordance with and subject to the terms of the Company’s PTO policy, as it may be amended prospectively
from time to time. Executive is entitled to accrue additional PTO days for any days not taken in the prior year provided that in
no event shall Executive be entitled to more than forty five (45) PTO days per any calendar year.

(f)          
Reimbursement of Expenses.  The Company will promptly reimburse Executive for all ordinary and reasonable out-of-pocket
business expenses that are incurred by Executive in furtherance of the Company’s business in accordance with the Company’s
policies with respect thereto as in effect from time to time.

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4.            
Compensation Upon Termination.

(a)          
Definition of Accrued Obligations.  For purposes of this Agreement, “Accrued Obligations ”
means (i) the portion of Executive’s Base Salary that has accrued prior to any termination of Executive’s employment
with the Company and has not yet been paid; (ii) to the extent required by law and the Company’s policy, an amount equal
to the value of Executive’s accrued but unused PTO days; (iii) the amount of any expenses properly incurred by Executive
on behalf of the Company prior to any such termination and not yet reimbursed; (iv) the Annual Bonus related to the most recently
completed fiscal year, if not already paid and if the termination is not for Cause (the amount of which shall be determined in
accordance with Section 3(b) above); (v) any accrued but unused PTO days; and (vi) any applicable Discretionary Bonus previously
awarded, if not already paid and if the termination is not for Cause.

(b)          
Termination for Cause, By the Executive without Good Reason, or as a Result of Executive’s Disability or Death.

(i)           
If Executive’s employment is terminated during the Term either by the Company for Cause or by Executive without Good Reason,
or if Executive’s employment terminates as a result of the Executive’s death, the Company will pay the Accrued Obligations
to Executive, or his estate, promptly following the effective date of such termination.

(ii)          
In case of termination during the Term by the Company as a result of the Executive’s Disability, the Company will pay Executive
the Accrued Obligations plus an amount equal to twenty four (24) months of Executive’s then-current Base Salary, or the salary
in this agreement whichever is greater.

(c)          
Termination by the Company without Cause or by Executive with Good Reason.  If Executive’s employment is terminated
by the Company without Cause or by Executive with Good Reason, during the Term, then:

(i)           
The Company will pay the Accrued Obligations to Executive promptly following the effective date of such termination;

(ii)          
The Company will pay Executive a total amount equal to twenty four (24 months of Executive’s then current Base Salary, less
applicable taxes and deductions; to be made in approximately equal biweekly installments in accordance with the Company’s
usual payroll practices over a period of twenty four (24) months beginning after the effective date of the separation agreement
described in Section 4(d);

(iii)         
The Company will continue to provide medical insurance coverage for Executive and Executive’s family, subject to the requirements
of COBRA and subject to Executive’s payment of a premium co-pay related to the coverage that is no less favorable than the
premium co-pay charged to active employees of the Company electing the same coverage, for twenty four (24 months from the Separation
Date; provided , that the Company shall have no obligation to provide such coverage if Executive fails to elect COBRA benefits
in a timely fashion or if Executive becomes eligible for medical coverage with another employer. In the event the Company does
not provide medical insurance coverage to its employees but instead provides for expense reimbursement in connection with the such
premiums, the Company will continue to reimburse Execute for such premiums for a period of eighteen (18) months; and

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(iv)         
That portion of unvested or restricted securities then held by Executive, whether granted herein or subsequently, if any, shall
vest and be immediately exercisable as of the date of the employment termination.  All options and shares of restricted stock
shall otherwise be subject to the terms and conditions of their respective agreements and with the applicable plan.

(d)          
Release of Claims/Board Resignation.  The Company shall not be obligated to pay Executive any of the compensation or provide
Executive any of the benefits set forth in Section 4(b)(i) or 4(c) (other than the Accrued Obligations) unless and until Executive
has (i) executed a timely separation agreement in a form acceptable to the Company, which shall include a release of claims between
the Company and the Executive and may include provisions regarding mutual non-disparagement and confidentiality; and (ii) resigned
from the Board, if so requested pursuant to Section2(b)(iii)(F).

(e)          
Other Payments or Benefits Owing.  The payments and benefits set forth in this Section 4 shall be in addition to any payments
or benefits owing to Executive pursuant to a severance agreement.  Executive shall not be eligible for any other payments,
including but not limited to additional Base Salary payments, bonuses, commissions, or other forms of compensation or benefits,
except as may otherwise be set forth in this Agreement, other agreements between the Company and Executive, including severance
agreements, or in Company plan documents with respect to plans in which Executive is a participant.

(f)           
Notwithstanding any other provision with respect to the timing of payments under Section 4, if, at the time of Executive’s
termination, Executive is deemed to be a “specified employee” (within the meaning of Code Section 409A, and any successor
statute, regulation and guidance thereto) of the Company, then limited only to the extent necessary to comply with the requirements
of Code Section 409A, any payments to which Executive may become entitled under Section 4 which are subject to Code Section 409A
(and not otherwise exempt from its application) will be withheld until the first (1st) business day of the seventh (7th)
month following the termination of Executive’s employment, at which time Executive shall be paid an aggregate amount equal
to the accumulated, but unpaid, payments otherwise due to Executive under the terms of Section 4.

5.            
Competition and Confidentiality.  Executive agrees to sign and understands that his or her employment as an Executive
is contingent on signing and returning to the Company the Proprietary Information, Inventions, Confidentiality and Competition
Agreement (the “Proprietary Information Agreement”) attached hereto as Exhibit A concurrently with the execution
of this Agreement.  The parties agree that the obligations set forth in the Proprietary Information Agreement shall survive
termination of this Agreement and termination of the Executive’s employment, regardless of the reason for such termination.

6.            
Property and Records.  Upon termination of Executive’s employment hereunder for any reason or for no reason, Executive
will deliver to the Company any property of the Company which may be in Executive’s possession, including blackberry-type
devices, laptops, cell phones, products, materials, memoranda, notes, records, reports or other documents or photocopies of the
same.

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7.            
General.

 

(a)          
Notices.  Except as otherwise specifically provided herein, any notice required or permitted by this Agreement shall be
in writing and shall be delivered as follows with notice deemed given as indicated: (i) by personal delivery when delivered personally;
(ii) by overnight courier upon written verification of receipt; (iii) by facsimile transmission upon acknowledgment of receipt
of electronic transmission; (iv) by certified or registered mail, return receipt requested, upon verification of receipt, or (v)
via facsimile with confirmation of receipt at the Company’s primary facsimile number.  Notices to Executive shall be:
(x) sent to the last known address in the Company’s records or such other address as Executive may specify in writing; or
(y) via facsimile with confirmation of receipt at the facsimile number provided to the Company by Executive.  Notices to the
Company shall be sent to the Company’s Board, or to such other Company representative as the Company may specify in writing.

(b)          
Entire Agreement/Modification.  This Agreement, together with the Proprietary Information Agreement attached hereto, and
the other agreements specifically referred to herein, embodies the entire agreement and understanding between the parties hereto
and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof.  No statement,
representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement (or in a subsequent written
modification or amendment executed by the parties hereto) will affect, or be used to interpret, change or restrict, the express
terms and provisions of this Agreement.

(c)          
Waivers and Consents.  The terms and provisions of this Agreement may be waived, or consent for the departure therefrom
granted, only by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or
consent will be deemed to be or will constitute a waiver or consent with respect to any other terms or provisions of this Agreement,
whether or not similar.  Each such waiver or consent will be effective only in the specific instance and for the purpose for
which it was given, and will not constitute a continuing waiver or consent.

(d)          
Assignment and Binding Effect.  The Company may assign its rights and obligations hereunder to any person or entity that
succeeds to all or substantially all of the Company’s business or that aspect of the Company’s business in which Executive
is principally involved.  Executive may not assign Executive’s rights and obligations under this Agreement without the
prior written consent of the Company.  This Agreement shall be binding upon Executive, Executive’s heirs, executors
and administrators and the Company, and its successors and assigns, and shall inure to the benefit of Executive, Executive’s
heirs, executors and administrators and the Company, and its successors and assigns.

(e)          
Indemnification.  Executive shall be entitled to the same rights, if any, to indemnification and coverage under the Company’s
Directors and Officers Liability Insurance policies as they may exist from time to time to the same extent as other officers and
directors of the Company.

(f)           
Governing Law.  This Agreement and the rights and obligations of the parties hereunder will be construed in accordance
with and governed by the law of California without giving effect to conflict of law principles.

(g)          
Severability.  The parties intend this Agreement to be enforced as written. However, should any provisions of this Agreement
be held by a court of law to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions
of this Agreement shall not be affected or impaired thereby.

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(h)        
Headings and Captions.  The headings and captions of the various subdivisions of this Agreement are for convenience of
reference only and will in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

(i)        
Dispute Resolution.  In the event of any dispute or claim relating to or arising out of this Agreement (including, but
not limited to any claims for breach of contract, wrongful termination or age, sex, race or other discrimination), Executive and
Company agree that all such disputes shall be fully and finally resolved by binding arbitration conducted by the American Arbitration
Association in Los Angeles, California in accordance with its National Employment Dispute Resolution rules, as those rules are
currently in effect (and not as they may be modified in the future). The parties acknowledge that by accepting this arbitration
provision they are waiving any right to a jury trial in the event of such dispute. Notwithstanding the foregoing, this arbitration
provision shall not apply to any disputes or claims relating to or arising out of the misuse or misappropriation of trade secrets
or proprietary information.

8.            
Counterparts.  This Agreement may be executed in two or more counterparts, and by different parties hereto on separate
counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 
For all purposes a signature by fax shall be treated as an original.

IN WITNESS WHEREOF, the parties hereto
have executed and delivered this Employment Agreement as of the date first written above.

	EXECUTIVE	 	SOCIAL REALITY, INC.
	 	 	 
	 	 	By: 
	 	 		 	 
	
        (Signature)

        Print Name: Christopher Miglino
	 	 	Erin DeRuggiero, Director	 

  

    	8

    	 

    

 

Exhibit A

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