Document:

Exhibit
10.8

 

EMPLOYMENT
AGREEMENT

 

This
Employment Agreement (the “Agreement”) is made as of August 15, 2019 (the “Effective Date”)
by between, Slutzky & Winshman Ltd., Company Number 515202489, an Israeli company, (the “Company”)
which is a wholly owned subsidiary of Bright Mountain Media, Inc., a Florida corporation (“Bright Mountain Media”),
and Joey Winshman, holder of an Israeli ID number [●] (the “Employee”).

 

	WHEREAS,	the
    Employee is a shareholder and co-founder of the Company and has served as its Chief Marketing Officer since February 11, 2015;
	 	 
	WHEREAS,	on
    the Effective Date, Bright Mountain Media, acquired all of the issued and outstanding ordinary shares of the Company from
    its shareholders, including the Employee (the “Shareholders”), pursuant to the terms and conditions
    of that certain Share Exchange Agreement and Plan of Merger dated July 31, 2019 by and among Bright Mountain Media, Merger
    Sub (as defined therein), the Company and the Shareholders (the “Share Exchange Agreement”);
	 	 
	WHEREAS,	on
    the closing of the Share Exchange Agreement, the Company became a wholly-owned subsidiary of Bright Mountain Media;
	 	 
	WHEREAS,	in
    order to maintain the consistency of the operations of the Company following the closing of the Share Exchange Agreement,
    as a condition precedent to the transactions contemplated by the Share Exchange Agreement, the Employee agreed to enter into
    this Agreement;
	 	 
	WHEREAS,	the
    Employee has declared that he has the required knowledge, experience and expertise to fulfill the Position (as defined below);
    and 
	 	 
	WHEREAS,	the
    Company wishes, based on the Employee’s aforementioned declaration, to continue the employment of the Employee, and
    the Employee wishes to continue to be employed by the Company as of the Effective Date and throughout the Term (as such term
    is defined below), all in accordance with the terms and conditions set forth in this Agreement;
	 	 
	NOW,
    THEREFORE,	in
    consideration of the mutual premises, covenants and other agreements contained herein, the parties hereby agree as follows:

 

	1.	General
	 	 
	1.1	The
    preamble and appendices to this Agreement are an integral part thereof and are hereby incorporated by reference.
	 	 
	1.2	The
    headings in this Agreement are for the purpose of convenience only and shall not be used for the purposes of interpretation.
	 	 
	1.3	In
    this Agreement words referring to a male employee are intended also for a female employee.

 

	2	Employment
    and Position.
	 	 
	2.1	The
    term (“Term”) of employment hereunder will commence on the Effective Date and end on the second (2nd) anniversary
    of the Effective Date (the “Initial Term”), and may be extended for additional one (1) year periods (each
    a “Renewal Term”) by written notice given by the Company to the Employee at least sixty (60) days before
    the expiration of the Term or the Renewal Term, as the case may be, unless this Agreement shall have been terminated pursuant
    to Section 7 of this Agreement. 
	 	 
	2.2	The
    Employee shall be employed by Company in the position as described in Exhibit A hereto (the “Position”).
    The Company may change the scope of authority and/or content of the Position, and/or to ask the Employee to perform work out
    of the scope of the Position from time to time.
	 	 
	2.3	The
    Employee shall report regularly to the person set forth in Exhibit A hereto, or to any other person, as Company,
    at its sole discretion, shall instruct the Employee from time to time (the “Supervisor”).

 

	3	Employee’s
    Duties, Representations and Warranties.
	 	 
	3.1	The
    Employee affirms and undertakes throughout the term of this Agreement:

 

	 	3.1.1	To
    devote his entire working time, know-how, expertise, talent, experience and best efforts to the business and affairs of the
    Company and to perform his duties and functions diligently and skillfully with the utmost expertise and devotion.

 

    	Page 1 of 17

    	 

    

 

	 	3.1.2	To
    travel abroad from time to time if and as may be required pursuant to his Position.
	 	 	 
	 	3.1.3	Not
    to receive, at any time, whether during the term of this Agreement and/or at any time thereafter, directly or indirectly,
    any payment, benefit and/or other consideration, from any third party in connection with the Employee’s employment with
    the Company, without the Company’s prior written authorization. 
	 	 	 
	 	3.1.4	To
    immediately and without delay inform the Company of any affairs and/or matters in which the Employee and/or Employee’s
    immediate family has personal interest which might conflict the Employee’s obligations and Position and/or employment
    with Company (including its affiliates) and/or the interests of the Company (including its affiliates). 
	 	 	 
	 	3.1.5	Not,
    without the prior written consent of the Company, to undertake or accept any other paid or unpaid employment or occupation
    or engage in or be associated with, directly or indirectly, any other businesses, duties or pursuits except for de minimis
    non-commercial or non-business activities. 
	 	 	 
	 	 	Prior
    to signing this Agreement, the Employee will inform the Company of any employment, occupation, engagement or activity in which
    the Employee is involved and that would require the Company’s written consent per the paragraph above. 
	 	 	 
	 	3.1.6	To
    comply with any applicable law or provision, pertaining to his employment and with all the Company’s regulations, work-rules,
    policies, procedures and objectives, as shall be in effect from time to time (the “Company’s Rules”)
    including, without limitation, the Company’s Rules for Prevention of Sexual Harassment at the Workplace. In the event
    of inconsistency or contradiction between the provisions of this Agreement and the Company’s Rules, this Agreement shall
    prevail. 
	 	 	 
	 	3.1.7	To
    comply with all corporate governance and insider trading policies of Bright Mountain Media as may be adopted or amended from
    time to time and brought to Employee’s attention during the Term and any Renewal Term.
	 	 	 
	 	3.1.8	This
    Agreement supersedes in its entirety any prior agreements between the parties hereto regarding the subject matter hereof.
	 	 	 
	 	3.1.9	This
    Agreement is confidential and therefore the Employee shall not disclose this Agreement as a whole, or any part thereof, to
    any third party (not including the Employee’s spouse, attorney or tax advisor), including, without limitation, to any
    other employee of the Company.
	 	 	 
	 	3.1.10	The
    Employee represents and warrants to the Company that the execution and delivery of this Agreement and the fulfillment of the
    terms hereof: 
	 	 	 
	 	 	(i)
    will not constitute a default under or breach of any agreement or other instrument to which he is a party or by which he is
    bound, including without limitation, any confidentiality, invention assignment or non-competition agreement; (ii) that no
    provision of any law, regulation, agreement or other document prohibits him from entering into this Agreement; (iii) do not
    require the consent of any person or entity; and (iv) shall not utilize during the term of his employment any proprietary
    information of any third party, including prior employers of the Employee (other than any affiliate of the Company).

 

	3.2	The
    Employee consents, of his/her own free will, that the information in this Agreement and any information concerning the Employee
    gathered by the Company with respect to his employment at the Company, will be held and managed by the Company on a database
    according to law, and that the Company shall be entitled to transfer such information to third parties, in Israel or abroad
    (including to countries which have a different level of data protection than that existing in Israel). The Company undertakes
    that the information will be used and transferred, if required, for legitimate business purposes only and while maintaining
    the Employee’s right to privacy.
	 	 
	3.3	The
    Employee acknowledges that Bright Mountain Media and the Company are relying on the Employee’s representations under
    this Section 3 upon entering into this Agreement and any misrepresentation under this section by the Employee shall constitute
    a material breach of this Agreement.
	 	 
	4	Time
    and Attention
	 	 
	4.1	In
    general, work for the Company shall be performed on Sunday through Thursday, unless determined and instructed otherwise by
    the Company. 
	 	 
	4.2	A
    regular workweek shall consist of at least 42 hours that will be divided as follows: 4 days a week – at least, 8.6 hours
    per day, not including a 45 minutes daily break on Employee’s account, and 1 day a week – at least 7.6 hours per
    day, not including a 45 minutes daily break on Employee’s account. The Company does not schedule breaks – it is
    the Employee’s responsibility to take his break. The Company shall assume that the Employee has indeed taken a break
    in every day of work.

 

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	4.3	Saturday
    shall be the Employee’s recognized and official rest day.
	 	 
	4.4	Per
    the requirements under applicable law, the Employee shall cooperate with the Company in maintaining a record of the number
    of hours of work performed, in accordance with the Company’s Rules and instructions.

 

	5	The
    salary 
	 	 
	5.1	The
Company shall pay the Employee a gross monthly salary in the amount as set forth in Exhibit A hereto (the “Base
Salary”). 
	 	 
	5.2	In
    addition to the Base Salary, since the performance of Employee’s position shall require the Employee, from time to time,
    to work beyond the regular work hours, and on irregular days, the Company shall pay the Employee, each month, a payment in
    the amount set forth in Exhibit A hereto (such amount, the “Global Overtime Payment”).
	 	 
	 	For
    the avoidance of doubt, The Global Overtime Payment reflects a full compensation for work performed by the Employee beyond
    the scope of the regular working hours for an average amount of hours per month as set forth in Exhibit A. The
    Employee acknowledges that he may not work overtime hours beyond the set quota of overtime hours, without receiving prior
    written consent of the Company to do so, and any performance of such additional work without the prior written consent shall
    not entitle the Employee with any additional payment.
	 	 
	5.3	For
    the purposes of this Agreement, the Base Salary and the Global Overtime Payment shall be referred to herein collectively,
    as the “Monthly Salary”.
	 	 
	5.4	It
    is agreed that 10% of the Monthly Salary shall be considered to be a special compensation for the Employee’s obligation
    for non-competition as set forth in the IP Agreement, Exhibit B herein (the “Special Compensation”).
    
	 	 
	5.5	The
    Monthly Salary shall be paid to the Employee no later than the 9th day of the following month.
	 	 
	6	Social
    Benefits
	 	 
	6.1	Pension
    Plan: The Company and the Employee will obtain and maintain managers’ insurance or a pension fund, or a combination
    of both, per the employee’s preference and choice (the “Pension Plan”). The contributions
    to the Pension Plan shall be as detailed below:

 

	 	6.1.1	8.33%
    of the Monthly Salary shall go towards severance pay component. 
	 	 	 
	 	6.1.2	6.5%
    of the Monthly Salary shall go towards the pension component.

 

In
the event that the Pension Plan is a mangers insurance policy or a provident fund (which is not a pension fund) the said rate
shall include the rate of acquiring a loss of working capacity insurance for the Employee by Company at a cost of 2.5% of the
Monthly Salary, or at such rate that will entitle Employee to a disability pension of 75% of the Monthly Salary, whichever is
lesser (the “Disability Insurance”) provided that the Company’s contribution towards the pension component
shall not be less than 5%. For the removal of any doubt, in the event that the Company’s contributions towards pension component
plus the cost of the Disability Insurance is less than 6.5% of the Monthly Salary, the Company shall supplement its contributions
towards the Employee’s pension component in an amount that shall put the cost of the Disability Insurance plus the Company’s
contributions towards pension component at 6.5% of the Monthly Salary (Company’s contributions towards severance pay component,
pension component and Disability Insurance if applicable, collectively shall be referred to as “Company’s Contribution”).

 

	 	6.1.3	The
    Employee shall contribute 6% of the Monthly Salary towards the pension component (the “Employee’s Contribution”).
    
	 	 	 
	 	6.1.4	If
    the Employee chose to combine managers’ insurance and pension fund, the terms, structure and percentages, as defined
    above, with respect to Managers’ Insurance and Pension Fund shall apply, proportionally, to the portions of the Employee’s
    salary which the Employee chose to insure in Managers’ Insurance and Pension Fund. 
	 	 	 
	 	6.1.5	For
    clarity’s sake, the abovementioned contributions to the Employee’s Pension Plan may be changed from time to time
    per the applicable law.

 

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	 	6.1.6	It
    is agreed and warranted between the parties that the Company’s provisions to the severance component are in lieu of
    severance pay, in accordance with the provisions of the General Approval regarding Employers’ Payments to a Pension
    Fund and Insurance Fund In lieu of Severance Pay issued by virtue of Section 14 of the Severance Pay Law 5723-1963 by the
    Labor Minister, dated June 30, 1998 (as amended and as may be amended from time to time) (the “General Approval”).
    By signing this agreement, the parties are acknowledging their consent to applicability of the provisions of the General Approval,
    a copy of which is attached hereby as Exhibit C, together with an English translation of the same, attached
    hereto as Exhibit D, which constitutes an integral part hereof. In so far as amendments to the General Approval
    shall be necessary, according and subject to any law or regulations, the provisions of the amended General Approval shall
    prevail and replace the General Approval attached hereto as Exhibit C and Exhibit D.

 

	6.2	Education
    Fund: The Company and the Employee shall open and maintain an education fund (“Keren Hishtalmut” in Hebrew)
    (the “Education Fund”). The Company shall contribute to the Education Fund an amount equal to seven
    and a half percent (7.5%) and the Employee shall contribute to such Education Fund an amount equal to two and a half percent
    (2.5%) of each Monthly Salary payment. In any event, any tax liability related to the Education Fund shall be borne, exclusively,
    by the employee. The Employee hereby authorizes the Company to transfer to the Education Fund the amount of the employee’s
    and the Company’s contribution from each Monthly Salary payment. 
	 	 
	6.3	Annual
    Bonus:

 

	 	6.3.1	The
    Employee shall be entitled to an annual cash bonus in accordance with, and subject to, all the terms and conditions of the
    applicable plan to be adopted by the Company (the “Annual Bonus”). 
	 	 	 
	 	6.3.2	The
    Parties agree that no later than sixty (60) days from the Effective Date, the terms and conditions under which the Employee
    shall be entitled to receive the Annual Bonus will be agreed upon in writing. 

 

	6.4	Reimbursement
    of Expenses: The Company shall reimbursement the Employee for any reasonable expenses incurred by Employee, including
    reimbursement of mobile phone expenses, car expenses, etc, provided that such expenses have been pre-approved by the Company.
    Reimbursement of any out of pocket expenses shall be done against receipts and/or other appropriate documentation as may be
    required by Company from time to time. All in accordance with the Company’s policies and guidelines on this subject
    and as may be adopted or amended after the date hereof.
	 	 
	6.5	Travel
    Expenses: Employee shall be entitled to reimbursement of travel expenses in the amount detailed in Exhibit A.
    
	 	 
	6.6	Annual
    leave: The Employee shall be entitled to paid annual vacation days as set forth in Exhibit A hereto. The
    Employee shall be obliged to take at least five (5) paid vacation days during each calendar year, as prescribed by law. The
    Employee will make every effort to exercise his annual vacation; if the Employee is unable to utilize all the vacation days
    by the end of a calendar year, provided that he took at least five (5) paid vacation days during such calendar year, he shall
    be entitled to accumulate the unused balance of the vacation days standing to his or her credit up to the Maximum Amount set
    forth in in Exhibit A hereto. For the avoidance of doubt, at the end of each calendar year any unused vacation
    days in excess of the Maximum Amount shall be canceled, nulled and shall not redeemable in any event.
	 	 
	6.7	Sick
    Pay: The Employee shall be entitled to sick pay in accordance with the applicable law. Employee shall provide the Company
    with such notification and documentation required under the Sick Pay Regulations (Rules for the Payment of Sick Pay) 5737-1976.
    
	 	 
	6.8	Convalescence
    Payments: The Employee shall be entitled to convalescence payments (in Hebrew: “Dmei Havra’a”) in accordance
    with applicable law. 
	 	 
	6.9	The
    Employee shall bring to the attention of his Supervisor any call-up order for military reserve duty immediately upon receipt
    of the order.

 

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	7	Term
    and Termination
	 	 
	7.1	Upon
    the lapse of the Initial Term, either party may terminate the Employee’s employment by providing prior written notice
    in the number of days set forth in Exhibit A hereto (the “Notice Period”). During the Notice
    Period, whether notice has been given by the Employee or by the Company, the Employee shall continue to work and perform all
    regular duties unless instructed otherwise by the Company and shall cooperate with the Company and use his/her best efforts
    to assist the integration into the Company of the person or persons who will assume the Employee’s responsibilities
    and duties.
	 	 
	7.2	The
    Company shall be entitled, but not obligated, at any time prior to the expiration of the Notice Period, at its sole discretion:
    (i) to waive the Employee’s actual work during the Notice Period, or to reduce the scope of the Employee’s work
    hours, while continuing to pay the Employee his regular payments and benefits until the completion of the Notice Period; or
    (ii) terminate this Agreement and the employment relationship, at any time prior to the expiration of the Notice Period, and
    pay the Employee the applicable payment in lieu of notice period, per applicable law.
	 	 
	7.3	Notwithstanding
    the foregoing, the Company may immediately terminate the Employee’s employment at any time for “Cause” (as
    defined below) or and “Entitling Event” (as such is defined in section 2(b) in the General Approval (attached
    to this Agreement as Exhibit C), without Notice Period or any compensation in lieu of Notice Period and/or severance pay (subject
    to applicable law). 
	 	 
	7.4	For
    the purpose of this Agreement, “Cause” means: (A) committing or participating in an injurious act of fraud,
    or embezzlement against the Company; (B) committing or participating, willfully, in an injurious act or omission in a manner
    which was materially damaging to the Company; (C) engaging in a criminal enterprise involving moral turpitude; (D) conviction
    for a felony under the laws of the State of Israel, the United States or any state thereof; (E) conviction of, or plea of
    guilty or nolo contendere to, violation of any U.S. Federal or state securities laws, rules or regulations, or any rules or
    regulations of any stock exchange or other market on which Bright Mountain Media’s securities may be listed or quoted
    for trading; (F) violation of Bright Mountain Media’s corporate insider trading policies in a manner which was materially
    damaging to the Company; or (G) any assignment of this Agreement in violation of Section 10.4 of this Agreement.
	 	 
	8	Confidentiality,
    Non-Compete and Proprietary Rights.
	 	 
	8.1	The
    Employee shall be required, as a condition to Employee’s employment with the Company, to sign the Non-Competition, Proprietary
    Information and Inventions Agreement in the form attached hereto as Exhibit B hereto (the “IP Agreement”).
    
	 	 
	8.2	For
    the removal of doubt, it is hereby clarified that the Employee’s compensation under this Agreement has been calculated
    to include special consideration for his commitment for non-competition as set forth under the IP Agreement. Employee will
    not be entitled to any further consideration for such commitments, expressly including no entitlement to royalties for any
    Service Inventions as defined in Section 132 of the Patent Law, 1967 (the “Patent Law”). This clause constitutes
    an express waiver of the Employees rights under Section 134 of the Patent Law.

 

	9	Use
    of Company’s Computer Systems
	 	 
	 	The
    Employee hereby agrees and acknowledges that he has read, understands and consents to the Company Computer Policy attached
    hereto as Exhibit E and incorporated herein by reference, and agrees to, concurrently with the execution of
    this Agreement, to sign on Exhibit E.
	 	 
	10	Supplementary
    Provisions
	 	 
	10.1	All
    taxes, levies and compulsory payments that the Company is liable to deduct, pursuant to any law, at the Employee’s expense,
    shall be deducted at source from all the payments, rights and benefits to which the Employee is entitled, pursuant to this
    agreement or its appendices, unless expressly provided otherwise in this agreement.
	 	 
	10.2	This
    Agreement, together with its Exhibits and Schedules, constitutes the entire understanding and agreement between the parties
    hereto, supersedes any and all prior discussions, agreements and correspondence with regard to the subject matter hereof,
    including, without limitations, the employment agreement by and between the parties herein, dated January 1, 2017, and may
    not be amended, modified or supplemented in any respect, except by a subsequent written document executed by both Employee
    and the Company. All actions to be taken by the Company hereby shall be taken upon the instruction of the Chief Executive
    Officer of Bright Mountain Media.

 

    	Page 5 of 17

    	 

    

 

	10.3	For
    avoidance of doubt, it is noted and emphasized that this Agreement, including its Exhibits and Schedules, also constitutes,
    the written notice to the Employee, pursuant to the Notice to Employee and Job Candidate Law (Employment Conditions and
    Candidate Screening and Selection),5762- 2002. This Agreement does not derogate from any right vested to the Employee
    by virtue of any law, extension order, collective bargaining agreement, to the extent such apply to the Employee.
	 	 
	10.4	The
    Company may assign or transfer this Agreement, or any right, claim or obligation provided herein subject to any applicable
    law, provided however that none of the Employee’s rights under this Agreement are thereby diminished. The obligations
    of the Employee hereunder shall not be assignable or delegable.
	 	 
	10.5	All
    notices, requests and other communications to any party hereunder shall be given or made in writing and faxed, emailed, mailed
    (by registered or certified mail) or delivered by hand to the respective party at the address set forth in the caption of
    this Agreement or to such other address (or fax number or email address) as such party may hereafter specify for the purpose
    of notice to the other party hereto. Each such notice, request or other communication shall be effective (a) if given by fax
    or email, one (1) business day after such fax is transmitted to the fax number or email address specified herein and the appropriate
    answerback is received, or (b) if given by any other means, when delivered at the address specified in the Agreement.
	 	 
	10.6	This
    Agreement shall be governed by, and construed and enforced in accordance with, the laws of Israel without giving effect to
    principles of conflicts of law thereof. The parties submit to the exclusive jurisdiction of the competent courts of Israel
    in any dispute related to this Agreement.
	 	 
	10.7	The
    parties hereby confirm that this is a personal services contract and that the relationship between the parties hereto shall
    not be subject to any general or special collective employment agreement or any custom or practice of the Company in respect
    of any of its other employees or contractors.

 

IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement as of the date first appearing above.

 

	Employee
                                         acknowledges that:

                                                                                                

        Prior
        to signing this Agreement, the Employee: (i) read and fully understood all the provisions of this Agreement and its
        Exhibits;         and (ii) העובד/ת מאשר/ת
        שהשליטה         שלו/שלה
        בשפה האנגלית
        מאפשרת לו/לה להבין את
        כל התנאים המפורטים
        בהסכם         זה ובנספחים
        לו.

 

	Slutzky
    & Winshman Ltd.	 	Employee
	 	 	 	 	 
	Signature:
    	 /s/
    Nadav Slutzky	 	Signature:
    	 /s/
    Joey Winshman
	Name:
    	 Nadav
    Slutzky	 	Name:
    	 Joey
    Winshman
	Title:
    	 Chief
    Executive Officer	 	 	 

 

Bright
Mountain Media, Inc.

 

	Signature:	 /s/
                                         W. Kip Speyer	 	 	 

W.
Kip Speyer, Chief Executive Officer

 

    	Page 6 of 17

    	 

    

 

Exhibit
A

 

Below
is a table detailing the specific terms of Employee’s employment at Slutzky & Winshman Ltd., as referred to in
the Agreement (the “Specific Terms”). The Specific Terms set forth below are subject to the terms and
conditions set forth in the Agreement. Capitalized terms used but not defined herein shall have the meanings as ascribed to them
under the Agreement.

 

	1.	 	Employee’s
    Details	 	Full
                                         Name: Joey Winshman

        I.D.
        Number:

        Address:.

        Telephone
        Number

        Private
        e-mail:

	2.	 	Position	 	CMO
	3.	 	Supervisor	 	Bright
    Mountain Media Chief Executive Officer
	4.	 	Effective
    Date	 	As
    stated in the Employment Agreement
	5.	 	Base
    Salary	 	NIS
    34,875 (gross) 
	6.	 	Global
    Overtime Payment	 	NIS
    11,625 (gross)
	7.	 	Monthly
    Salary	 	NIS
    46,500 (gross)
	8.	 	Reimbursement
    of Travel Expenses	 	NIS
    1,000 (gross)
	9.	 	Reimbursement
    of Expenses	 	Per
    the terms detailed in the Agreement.
	10.	 	Scope
    of Work	 	Full
    time
	11.	 	Overtime
    hours per month	 	Average
    of 40 hours per month
	12.	 	Notice
    Period (by the Company or the Employee) 	 	This
    Agreement cannot be terminated for two (2) calendar years from the Effective Date, except for Cause (as defined under Section
    7.3 of the Agreement). Upon the lapse of two (2) calendar years - 90 calendar days.
	13.	 	Pension
    Plan 	 	Per
    the terms detailed in the Agreement. 
	14.	 	Vacation
    Days	 	20
    working days per calendar year
	 	 	 	 	Maximum
    Amount: 40 vacation days shall be carried forward from one calendar year to the next.
	15.	 	Sick
    Days 	 	Per
    Applicable Law. Notwithstanding the aforementioned, the Employee shall be entitled to full payment with regard to his Sick
    Days as of the first day of sick leave.
	16.	 	Convalescence
    Days	 	Per
    Applicable Law.
	17.	 	Education
    Found 	 	Per
    the terms detailed in the Agreement.
	18.	 	Annual
    Bonus	 	Per
    the terms detailed in the Agreement.

 

    	Page 7 of 17

    	 

    

 

Exhibit
B

 

THIS
NON-COMPETITION, PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT (“Agreement”) is effective as of the
first day of the Employee’s engagement with the Company (whether before or after the date of this Agreement) (“Effective
Date”) and made by and between Slutzky & Winshman Ltd. (including, at its sole discretion, any or all of the
Company’s affiliates, including Bright Mountain Media, Inc., a Florida corporation (“Bright Mountain Media”),
collectively the “Company”) and Joey Winshman (I.D. ___________) (the “Employee”).

 

In
consideration for, as a condition and part of the Employee’s engagement with the Company (for no additional consideration
or compensation), it is hereby agreed as follows:

 

1.
Confidential Information.

 

1.1.
Definition.

 

1.1.1.
“Confidential Information” means any proprietary or confidential data and/or information, in any form
or media, that Employee receives, obtains or otherwise acquires or gains access to prior, during or in connection with Employee’s
engagement with the Company (whether before or after the date of this Agreement), which pertains to the Company or any of its
businesses, clients, customers, employees, shareholders, business partners, licensees, licensors, vendors or affiliates. Confidential
Information includes without limitation Company Intellectual Property (as defined below), or any part thereof, as well as any
data and/or information that, given the nature of such data and/or information or the circumstances of its disclosure or receipt,
is or should reasonably be considered as confidential.

 

1.1.2.
Confidential Information shall not include any information that (i) is in the public domain at the time of disclosure, (ii) subsequently
has entered the public domain other than by breach of Employee’s obligations hereunder or by breach of another person’s
or entity’s confidentiality obligations, or (iii) is shown by written dated evidence to have been known by Employee prior
to disclosure to Employee in connection with his engagement with the Company, not as a result of a breach of any obligation owed
to the Company or any other third party.

 

1.2.
Confidentiality. Except as herein provided, Employee agrees that during and after termination of Employee’s engagement
with the Company, Employee (i) shall keep Confidential Information confidential and shall not directly or indirectly, use, divulge,
publish or otherwise disclose or allow to be disclosed any aspect of Confidential Information without the Company’s prior
written consent (except in order to fulfil Employee’s employment tasks and obligations); (ii) shall refrain from any action
or conduct which might compromise the confidentiality or proprietary nature of the Confidential Information; and (iii) shall follow
Company’s instructions provided from time to time regarding the use and handling of Confidential Information. Employee will
take all reasonable precautions to prevent any unauthorized use of disclosure of the Confidential Information.

 

1.3.
Ownership. Employee acknowledges and agrees that all right, title and interest in and to Confidential Information and all
materials containing Confidential Information are and shall remain, at all times, the sole and exclusive property of the Company.

 

1.4.
Proprietary Information of Third Parties.

 

1.4.1.
Employee agrees that he/she has not and will not, during the term of the employment, improperly use, disclose or bring onto the
premises or systems of the Company any proprietary information or trade secrets of any former employer or other person or entity
with which Employee has an agreement or duty to keep in confidence information acquired by Employee, if any, unless with the prior
written approval of the Company and such employer, person or entity.

 

1.4.2.
Employee recognizes that the Company may have received, and in the future may receive, from third parties their confidential or
proprietary information subject to Company’s undertaking to maintain the confidentiality of such information and to use
it only for certain limited purposes. Employee agrees that he/she owes the Company and such third parties, during Employee’s
employment with the Company and anytime thereafter, a duty to hold all such third party confidential or proprietary information
at least in accordance with the provisions set forth hereunder in connection with Confidential Information of the Company, and
to use such third party confidential or proprietary information strictly for the limited purposes and in the manner permitted
hereunder.

 

    	Page 8 of 17

    	 

    

 

1.5.
Return of Confidential Material. Upon Company’s request or upon termination of the Employee’s employment with
the Company for any reason, Employee agrees to promptly surrender and deliver to Company all materials and data of any nature
or media pertaining to any Confidential Information or to Employee’s employment. Employee will not retain or take any tangible
or electronical materials or data, containing or pertaining to any Confidential Information. If required by the Company, Employee
will certify in writing that he/she complied with the requirements of this Section 1.5.

 

2.
Ownership of Intellectual Property

 

2.1.
Definitions.

 

2.1.1.
“Intellectual Property” means proprietary or intellectual property rights, including without limitation
copyrights, inventions, discoveries, patents, designs, trademarks, whether or not registered or capable of being registered, original
ideas, trade secrets, source and object code, algorithms, formulae, materials, methods, processes, procedures, any derivatives,
improvements and enhancements of the foregoing, and all rights corresponding to the foregoing throughout the world including all
rights to sue for and receive remedies against past, present and future infringements of any and all of the foregoing;

 

2.1.2.
“Prior Inventions” means the Intellectual Property made or conceived by or belonging to Employee that
are listed on Schedule A attached hereto that (i) were developed by Employee prior to Employee’s employment with
the Company, (ii) relate to Company’s actual or proposed business, operations, products or research and development, and
(iii) are not assigned to Company hereunder; and

 

2.1.3.
“Open Source” means any software or other material that is distributed as “free software”,
“open source software” or under a similar licensing or distribution model (including but not limited to the GNU General
Public License (GPL), GNU Lesser General Public License (LGPL), Mozilla Public License (MPL), BSD licenses, MIT Licenses, the
Artistic License, the Netscape Public License, the Sun Community Source License (SCSL) the Sun Industry Standards License (SISL),
materials licensed under any Creative Commons license and the Apache License).

 

2.2.
Assignment of Intellectual Property. Employee hereby irrevocably assigns and transfers to Company, for no additional consideration,
Employee’s entire right, title and interest in and to all the Intellectual Property authored, developed, created, made,
conceived or reduced to practice by Employee, whether solely or jointly with others, during the period of Employee’s engagement
with Company (whether before or after the date of this Agreement and including after hours, on weekends or during vacation time),
that either (i) relate in any manner to the actual or demonstrably anticipated business or proposed business, work, or research
and development of Company (ii) is developed in whole or in part on Company’s time or using Company’s equipment, supplies,
facilities or Confidential Information, or (iii) result from or are suggested by any task assigned to Employee or any work performed
by Employee for or on behalf of Company or in connection with Employee’s duties and responsibilities in the scope of his/her
engagement with Company (whether before or after the date of this Agreement) (“Company Intellectual Property”).
Employee agrees that this assignment includes a present assignment to Company of ownership with respect to Company Intellectual
Property that is not yet in existence.

 

2.3.
Employee herby explicitly and irrevocably waives (i) any interest, claim or demand with respect to any consideration, compensation
or royalty payment in connection with Company Intellectual Property and/or the assignment thereof, including, but not limited
to any payments pursuant to Section 134 to the Israeli Patent Law – 1967 (the “Patent Law”); (ii) any
moral rights, artists’ rights, or any other similar rights worldwide (“Moral Rights”) that he/she has
at any time with respect to Company Intellectual Property.

 

2.4.
Prior Inventions. If no Prior Inventions are listed in Schedule A of this Agreement, Employee warrants that there
are no Prior Inventions. Employee hereby acknowledges that, if in the course of Employee’s employment with Company, Employee
incorporates into a Company product, process, service or software a Prior Invention owned by Employee or in which Employee has
an interest, Company is hereby granted and shall have a fully paid, nonexclusive, royalty-free, unlimited, irrevocable, perpetual,
worldwide, transferable and sub-licensable right and license to make, have made, modify, create derivative works, reproduce, use,
offer to sell use, sell, sublicense and otherwise distribute such Prior Invention (as may be improved or enhanced by or for Company)
and in the event of copyrightable materials, copy, distribute, publicly perform, publicly display, make derivative works thereof,
and sublicense such copyrightable materials, as part of or in connection with such Company product, process, service or software.

 

    	Page 9 of 17

    	 

    

 

2.5.
Disclosure of Intellectual Property. Employee agrees that in connection with Intellectual Property and/or which Employee,
solely or jointly with others, conceives, develops or reduces to practice during the period of Employee’s employment with
the Company (including after hours, on weekends or during vacation time) whether or not Employee believes that such Intellectual
Property is Company Intellectual Property , Employee shall, as customary or required by the Company, keep and maintain adequate
and accurate records, and shall promptly disclose such Intellectual Property to Company, through Employee’s immediate supervisor
at Company or another Company designee (and if requested by the Company shall also reduce to writing and adequately describe all
such Intellectual Property), in order to permit Company to claim its rights under this Agreement.

 

2.6.
Employee’s Assistance.

 

2.6.1.
Employee agrees to assist Company, or its designee, at Company expense, in every proper way to secure Company rights in the Company
Intellectual Property and in any and all countries, including (a) the disclosure to Company of all pertinent information and data
with respect thereto; (b) the execution of all assignments, applications, specifications, oaths, and other instruments that Company
shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to Company, its successors,
assigns, and nominees the sole and exclusive rights, title and interest in and to such Company Intellectual Property.

 

2.6.2.
Employee’s obligations hereunder, to the extent that it is in Employee’s power to do so, shall continue after the
termination of Employee’s employment with Company for any reason. If Company is unable because of Employee’s mental
or physical incapacity or for any other reason to secure Employee’s signature on any instrument, required at Company’s
discretion in order to apply for, pursue or maintain any application for Intellectual Property rights (including patents or copyright
registrations) covering and embodying any Company Intellectual Property, then Employee hereby irrevocably designates and appoints
Company and its duly authorized officers and agents (at its discretion) as Employee’s agent and attorney-in-fact, to act
for and in Employee’s behalf to execute and file any such applications and to do all other lawfully permitted acts to further
the prosecution and/or protection or maintenance.

 

2.7.
Other Obligations.

 

2.7.1.
Employee acknowledges that the Company from time to time may have agreements with other persons or with the government authorities,
or agencies thereof, that impose obligations or restrictions on Company regarding Intellectual Property made during the course
of work thereunder or regarding the confidential nature of such work. Employee agrees to be bound by the Company’s instructions
or policies, and take necessary actions to assist Company in complying with its obligations thereunder.

 

2.7.2.
Employee further agrees and undertakes that any and all work performed by him shall not infringe upon, misappropriate or use in
an unauthorized manner any copyright, patent, trademark, trade secret or other confidential or proprietary information or intellectual
property of any third party, including, without limitation, any current or former employer of Employee.

 

2.8.
Open Source Software.

 

2.8.1.
To the extent Intellectual Property or any other work product provided or generated by Employee includes any software, computer
code and/or firmware, any such Intellectual Property or work product shall not incorporate or include any Open Source, unless
explicitly permitted under the Company’s Open Source policy and/or instructions. Further, all other use of Open Source materials
in connection with Employee’s employment shall be in accordance with the Company’s Open Source policy.

 

2.8.2.
Intellectual Property and any other work product provided or generated by Employee shall on delivery be free of viruses, malicious
code, time bombs, Trojan horses, back doors, drop dead devices, worms, or other code of any kind that may disable, erase, display
any unauthorized message, permit unauthorized access, automatically or remotely stop software, code and/or firmware from operating,
or otherwise impair the services, deliverables, inventions or work product or the Company network or any part thereof.

 

    	Page 10 of 17

    	 

    

 

3.
Non-Competition and Non-Solicitation

 

During
the term of Employee’s employment with the Company and for a period of twenty four (24) months thereafter, Employee will
not, directly or indirectly, (i) engage whether as an employee, independent contractor, partner, joint venture, shareholder, investor,
director, consultant or otherwise, in any business or activity, all over the world, which is competitive with the technology,
products, and/or services of the Company, or the business in which it is currently engaged or in which it may be engaged in, during
the time of the Employee’s employment with the Company, (ii) solicit, induce, recruit or encourage any of the Company’s
personnel to leave their employment, or take away such personnel, or attempt to solicit, induce, recruit, encourage or take away
personnel of the Company, and/or their affiliates, either for the Employee or for any other person or entity; nor (iii) offer,
solicit, interfere with and/or endeavor to entice away from Company, and/or any of its affiliates, any person, firm or company
with whom Company and/or any of its affiliates shall have any contractual and/or commercial relationship as, consultant, licenser,
joint venture, supplier, customer, distributor, agent or contractor of whatsoever nature, existing or under negotiation on or
twelve (12) months prior to the termination of his/her employment with the Company.

 

4.
Breach of Obligations

 

4.1.
Employee is aware that a breach of his/her obligations as detailed under this Agreement, or part of them, will cause the Company
or the Company’s affiliates serious and irreparable damage, and that no financial compensation can be an appropriate remedy
to such damage. Therefore, in addition to the return of the Special Compensation pursuant to the terms of the Employment Agreement
to which this Agreement is attached, Employee agrees, that if such a breach occurs, the Company, any of the Company’s affiliates
or any of their designee(s) shall be entitled (without limiting other remedies if available under the law or hereunder) to take
all legal means necessary and any injunctive relief as is necessary to restrain any continuing or further breach of this Agreement.

 

5.
Acknowledgements and Declarations

 

Employee
hereby declares and acknowledges that:

 

5.1.
Employee’s confidentiality and non-competition obligations under this Agreement are fair, reasonable, and proportional,
especially in light of the Special Compensation Employee receives under the employment agreement to which this Agreement is attached,
and are designed to protect the Company’s and the Company affiliates’ secrets and their confidential information,
which constitute the essence of their protected business and commercial advantage in which significant capital investments were
made.

 

5.2.
Any breach of Employee’s obligations under this Agreement shall contradict the nature of the special trust and loyalty between
Employee and the Company, the fair and proper business practices and the duty of good faith and fairness between the parties.
Any such breach shall harm the Company and/or the Company affiliates and shall constitute a material breach of this Agreement
and the employment agreement to which this Agreement is attached.

 

5.3.
Employee’s obligations under this Agreement and the restricted period of time and geographical area specified herein are
reasonable and proportional, and do not prevent Employee from developing his/her general knowledge and professional expertise
in the area of his/her business, without infringing on or breaching any of the Company’s rights.

 

6.
Miscellaneous

 

6.1.
Governing Law; Consent to Personal Jurisdiction. This Agreement will be governed by the laws of the State of Israel, without
regard to the choice of law provisions thereof. Employee hereby expressly consents to the personal jurisdiction of the courts
located in Tel-Aviv-Jaffa district, Israel, for any lawsuit arising from or relating to this Agreement. Employee acknowledges
that in the event of any breach of this Agreement, Bright Mountain Media will not have an adequate remedy in money or damages
and Bright Mountain Media therefore shall be entitled in such event to obtain an injunction against such breach from any court
of competent jurisdiction (including the State of Florida) immediately upon request. Bright Mountain Media’s right to obtain
such relief shall not limit its right to obtain other remedies and the prevailing party in any litigation shall be entitled to
attorney’s fees and expenses.

 

6.2.
Assignment. The undertakings set forth herein may be assigned by the Company. Employee may not assign or delegate his/her
duties under this Agreement without the Company’s prior written approval. This Agreement shall be binding upon Employee’s
heirs, successors and permitted assignees.

 

6.3.
Counterparts. This Agreement may be signed in two counterparts, each of which shall be deemed an original and both of which
shall together constitute one and the same instrument.

 

    	Page 11 of 17

    	 

    

 

6.4.
Entire Agreement. This Agreement constitutes the full and complete agreement between the parties and supersedes any and
all agreements or understandings, whether written or oral, concerning the subject matter of this Agreement, and may only be amended
by a document signed by both parties.

 

6.5.
Severability. If any provision of this Agreement is found to be invalid or unenforceable by a court of competent jurisdiction,
such provision shall be automatically adjusted to the minimum extent necessary for validity or enforceability. In any event, the
remaining terms and provisions of this Agreement shall remain in full force and effect.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the Effective Date.

 

	 	 	 	/s/
    Joey Winshman
	Slutzky
    & Winshman Ltd.	 	Employee
	 	 	 	 
	By:
    	/s/
    Nadav Slutzky, CEO	 	Name:
    	Joey
    Winshman
	Date:
    	August
    15, 2019 	 	Date:
    	August
    15, 2019

 

	Bright
    Mountain Media, Inc.	 	 	 
	 	 	 	 	 
	Signature:
    	/s/
    W. Kip Speyer	 	 	                                                
	W.
    Kip Speyer, Chief Executive Officer	 	 	 

 

    	Page 12 of 17

    	 

    

 

Schedule
A

 

TO
THE NON-COMPETITION, PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT

 

Prior
Inventions

 

Follows
a list of Prior Inventions of the Employee:

 

	1.
    	 	 
	 	 	 
	2.
    	 	 
	 	 	 
	3.
    	 	 
	 	 	 
	4.
    	 	 

 

If
nothing is listed, I will be regarded as having declared that I have no Prior Inventions.

 

	 	 	 
	Employee
    (Signature) 	 	Date

 

    	Page 13 of 17

    	 

    

 

Exhibit
C

 

 

    	Page 14 of 17

    	 

    

 

Exhibit
D

 

[English
Summary of Exhibit C1]

 

GENERAL
APPROVAL REGARDING PAYMENTS BY EMPLOYERS TO A PENSION FUND AND INSURANCE FUND IN LIEU OF SEVERANCE PAY

 

By
virtue of my power under section 14 of the Severance Pay Law, 1963 (hereinafter: the “Law”), I certify that
payments made by an employer commencing from the date of the publication of this approval on behalf of his employees to a comprehensive
pension benefit fund that is not an insurance fund within the meaning thereof in the Income Tax (Rules for the Approval and Conduct
of Benefit Funds) Regulations, 1964 (hereinafter: the “Pension Fund”) or to managers’ insurance including
the possibility of an insurance pension fund or a combination of payments to an annuity fund and to a non-annuity fund (hereinafter:
the “Insurance Fund”), including payments made by him by a combination of payments to a Pension Fund and an
Insurance Fund, whether or not the Insurance Fund has an annuity fund (hereinafter: the “Employer’s Payments),
shall be made in lieu of the severance pay due to the said employee in respect of the salary from which the said payments were
made and for the period they were paid (hereinafter: the “Exempt Salary”), provided that all the following
conditions are fulfilled:

 

	7.
    	The
    Employer’s Payments –

 

	 	(a)
    	To
    the Pension Fund are not less than 141/3% of the Exempt Salary or 12% of the Exempt Salary if the employer pays for his employee
    in addition thereto additional payments to supplement severance pay to a benefit fund for severance pay or to an Insurance
    Fund in the employee’s name in an amount of 21/3% of the Exempt Salary. In the event that the employer has not paid
    an addition to the said 12%, his payments shall be only in lieu of 72% of the employee’s severance pay;
	 	 	 
	 	(b)
    	To
    the Insurance Fund are not less than one of the following:

 

	 	(1)
    	131/3%
    of the Exempt Salary, if the employer pays for his employee in addition thereto also payments to secure monthly income in
    the event of disability, in a plan approved by the Commissioner of the Capital Market, Insurance and Savings Department of
    the Ministry of Finance, in an amount required to secure at least 75% of the Exempt Salary or in an amount of 21/2% of the
    Exempt Salary, the lower of the two (hereinafter: “Disability Insurance”); or
	 	 	 
	 	(2)
    	11%
    of the Exempt Salary, if the employer paid, in addition, a payment to the Disability Insurance, and in such case the Employer’s
    Payments shall only replace 72% of the Employee’s severance pay; In the event that the employer has paid, in addition
    to the foregoing payments to supplement severance pay, to a benefit fund for severance pay or to an Insurance Fund in the
    employee’s name in an amount of 21/3% of the Exempt Salary, the Employer’s Payments shall replace 100% of the
    employee’s severance pay.

 

	8.
    	No
    later than three months from the commencement of the Employer’s Payments, a written agreement is executed between the
    employer and the employee in which:

 

	 	(a)
    	The
    employee has agreed to the arrangement pursuant to this approval in a text specifying the Employer’s Payments, the Pension
    Fund and Insurance Fund, as the case may be; the said agreement shall also include the text of this approval; and
	 	 	 
	 	(b)
    	The
    employer waives in advance any right, which he may have to a refund of monies from his payments, unless the employee’s
    right to severance pay has been revoked by a judgment by virtue of Section 16 and 17 of the Law, and to the extent so revoked
    and/or the employee has withdrawn monies from the Pension Fund or Insurance Fund other than by reason of an Entitling Event;
    in such regard “Entitling Event” means death, disability or retirement after the age of 60.

 

	9.
    	This
    approval is not such as to derogate from the employee’s right to severance pay pursuant to any law, collective agreement,
    extension order or employment agreement, in respect of salary over and above the Exempt Salary.

 

 

1
This is not an official translation of Exhibit C and should not be relied upon for its accuracy. In any event, Exhibit C
prevails.

 

    	Page 15 of 17

    	 

    

 

EXHIBIT
E

 

COMPANY
COMPUTER POLICY CONSENT

 

Slutzky
& Winshman Ltd (the “Company”) has a policy regarding the use of the Company’s computer
systems (the “Company’s Computers Policy”), as follows:

 

	1.
    	The
    Company has provided you, for the purpose of the performance of your duties, various types of computer related devices, including
    a computer, hardware, software, Company e-mail account, phone etc. (the “Computer Devices”). The
    Computer Devices are the exclusive property of the Company, and in order to protect the Computer Devices, and the information
    which they contain, you are hereby required to adhere to the following instructions:

 

	 	1.1
    	Hardware
    - it is prohibited to install hardware on, and/or to, Computer Devices without the prior authorization of your supervisor
    or the Company’s IT team. In this regard, you are not allowed to connect to a Computer Device an external hard –
    drive, disk on key (also known as memory stick and/or flash memory), camera, cell phone or any other type of hardware for
    purposes which are illegal, inappropriate, or transferring of material that belongs to the Company, its clients, employees,
    or any other third party without the prior authorization of your supervisor or the Company’s IT team.
	 	 	 
	 	1.2
    	Software
    - it is prohibited to install software on Computer Devices, except for reasonable bounds, without the prior authorization
    of your supervisor or the Company’s IT team.
	 	 	 
	 	1.3
    	Files
    - it is prohibited to save on Computer Devices any files, photos or videos that are not related to the Company. In particular,
    and without limitation, it is prohibited to save on Computer Device any file that its access and/or saving by you constitute
    infringement of protected Intellectual Property rights, and any file that contains obscene, pornographic or abusive content.
	 	 	 
	 	 	Notwithstanding
    the above, you are permitted to save personal files that you or your immediate family members have created, which are not
    related to the Company or to the performance of your duties, and have no commercial content, as long as such files are saved
    under a folder labeled “Private” located at the root directory of the Computer Device.
	 	 	 
	 	1.4
    	If
    any of the above instructions is not clear or if you have a question regarding the use of Computer Devices, please contact
    your supervisor.

 

	2.
    	Notwithstanding
    the above, the Company does allows private use of the Computer Devices made available to you for work purpose, within reasonable
    bounds, subject to Section 1 above and Section 4 below.
	 	 
	3.
    	During
    work hours and/or while at Company’s offices you may access the internet for your own private use provided that such
    access is done for a reasonable period of time, and in accordance with the Company’s Computers Policy. For the removal
    of doubt, and without limitation, it is prohibited to access any web site that contains obscene, pornographic or abusive content,
    and/or includes content that infringes on protected Intellectual Property rights, and /or is involves gambling

 

	4.
    	The
    Company’s e-mail account-

 

	 	4.1
    	Which
    was assigned to you is provided to you only for the purpose of work related use. You are not allowed to use the Company’s
    e-mail account for private purposes that are not related to the Company’s activities, such prohibited private use of
    your e-mail account includes correspondence with friends and family.
	 	 	 
	 	4.2
    	In
    an event, you wish to send private e-mails during work hours and/or while at Company’s offices, you can do so through
    your private external web based e-mail account (Gmail, Hotmail etc.). As noted above, you are prohibited from saving to Computer
    Devices any files received through your external web based e-mail account, unless such files are saved per the terms of the
    exclusive exception detailed above.

 

	5.
    	In
    order to maintain the security of the Computer Devices and the protection of the Company’s legitimate interests, the
    Company is using various monitoring technologies, as well as blocking technologies, in the scope further detailed in the Computer
    Policy. These technologies enable the Company to monitor and review content and information which is present on Computer Devices
    or exchanged through Computer Devices, including through the Company’s e-mail account assigned to Company’s employees.

 

    	Page 16 of 17

    	 

    

 

	6.	Said
    monitoring is not intended to infringe your privacy, and as a general rule the Company is not interested in reviewing correspondence
    which is exchanged through the Company’s e-mail account assigned to you. However, the Company may review professional
    correspondence and will act within the boundaries of applicable law, and when circumstances so require, necessitate and obligate,
    in order to protect the Company’s legitimate interests.
	 	 
	7.
    	In
    the event that private correspondence exists in the Computer Devices and/or the Company e-mail account assigned to you, this,
    despite the clear instructions detailed hereinabove, the Company may review such correspondence, if special and unique circumstances
    exist in which there is a serious suspicion that you are carrying out harmful or illegal activity through Computer Devices,
    and subject to your consent.
	 	 
	8.
    	It
    is further clarified that as part of the Company’s administration of its affairs, it may become necessary for another
    employee of the Company to access the Computer Devices that were assigned to you, in order review professional information
    on the Computer Devices that were assigned to you. Such access by other employees may occur during your employment or after
    the termination of your employment. In this respect, upon request from your supervisors or upon termination of employment,
    you are required to provide your supervisors with all access passwords that are necessary to access Computer Devices which
    were assigned to you, and materials that are saved on them.
	 	 
	9.
    	Any
    material or file that is saved on Company’s Computer Devices is deemed to be property of the Company.

 

As
a sign of your consent to the Computer Policy and the foregoing instructions, you are required to sign below.

 

EMPLOYEE
ACKNOWLEDGEMENT AND CONSENT:

 

I,
the undersigned, hereby acknowledge and approve that I have read all the above mentioned, received any and all clarifications
which I required, and agree to it.

 

	 	Name	 	ID
    number	 	Signature	 	Date

 

    	Page 17 of 17Exhibit
10.9

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (this “Consulting Agreement”) is made on August 15, 2019 (the “Effective Date”),
by and between Bright Mountain Media, Inc., a Florida corporation (“Bright Mountain”), Slutzky & Winshman
Ltd., an Israeli company, Registration No. [  ] (the “Company”), and Nadav Slutzky (I.D. No.
039987375) (the “Consultant”).

 

WHEREAS, the
Consultant is a shareholder and co-founder of the Company and has served as its Chief Executive Officer since February 11,
2015;

 

WHEREAS,
on the Effective Date, Bright Mountain acquired all of the issued and outstanding ordinary shares of the Company from its
shareholders, including the Consultant (the “Shareholders”), pursuant to the terms and conditions
of that certain Share Exchange Agreement and Plan of Merger dated July 31, 2019 by and among Bright Mountain, Merger Sub (as
defined therein), the Company and the Shareholders (the “Share Exchange Agreement”);

 

WHEREAS,
on the closing of the Share Exchange Agreement, the Company became a wholly-owned subsidiary of Bright Mountain;

 

WHEREAS, in
order to maintain the consistency of the operations of the Company following the closing of the Share Exchange Agreement, as
a condition precedent to the transactions contemplated by the Share Exchange Agreement, the Consultant agreed to enter into
this Agreement;

 

WHEREAS,
the Company wishes to engage Consultant to provide the services described herein and Consultant has explicitly requested to be
engaged as an independent contractor (and not as employee of the Company) with no employment relationship with the Company, and
for the compensation and otherwise in accordance with the terms and conditions contained in this Agreement;

 

NOW
THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, accepted and agreed to, the Company and the Consultant, intending to be legally bound, agree to
the terms set forth below.

 

Section
1.  The Services

 

	1.1	Scope
    of Services

 

	 	1.1.1	During
    the Term (as defined below), the Consultant will perform such services, as detailed in Exhibit A attached hereto
    and incorporated herein by reference, and such other services as may be agreed upon between the Company and the Consultant
    from time to time (the “Services”). 
	 	 	 
	 	1.1.2	The
    Consultant shall provide the Services in accordance with the parameters and schedule mutually agreed upon between the Company
    and Consultant from time to time. If the parties do not agree upon a schedule for the performance of certain Services, then
    the Consultant will perform such Services with due diligence under the circumstances and in a prudent and expeditious manner.
    
	 	 	 
	 	1.1.3	Consultant’s
    activities with respect to this Agreement shall be coordinated with the Company through the supervisor identified by the Company
    on Exhibit A hereto or any other person nominated by the Company from time to time.

 

	1.2	Performance
    of the Services

 

	 	1.2.1	The
    Consultant shall perform the Services in an efficient, expeditious, professional manner and according to high standards in
    the industry. In the performance of the Services and this Agreement, the Consultant shall comply with all applicable laws,
    ordinances, rules, regulations, orders, licenses, permits and other governmental requirements (including, but not limited
    to, any such requirements imposed upon the Company with respect to the Services).

 

    	 

    	 

    

 

	 	1.2.2	The
    Consultant shall have at all times during the performance of the Services hereunder, all necessary rights, authorizations,
    or licenses to perform such Services and Consultant shall not utilize during the provision of the Services hereunder any proprietary
    information of any third party. The Consultant shall use its best efforts to promote the goodwill and reputation of the Company,
    its business and services in the performance of the Services. 
	 	 	 
	 	1.2.3	The
    Consultant shall immediately and without delay inform the Company of any affairs and/or matters that might constitute a conflict
    of interest with the Consultant’s position and/or engagement with the Company and/or the interests of the Company and/or
    of the Company’s clients. The Consultant shall promptly disclose to the Company any business opportunity that comes
    to its attention in connection with the Services. The Consultant shall not take advantage of, or divert, any such opportunity
    for the benefit of the Consultant or anyone else without the prior written consent of the Company. 

 

	1.3	Subcontracting.
    The Consultant shall not subcontract or otherwise delegate performance of any Services without the Company’s prior written
    consent.

 

Section
2.  Compensation and Payment

 

	2.1	Services
    Fees. Subject to and in consideration for the Services and the fulfillment of all of Consultant’s duties and obligations
    hereunder, the Company shall pay the Consultant the service fees set forth in Exhibit A attached hereto (the
    “Compensation”). 
	 	 
	2.2	Payment.
    On or about the first day of each month during the Term, the Consultant shall deliver to the Company an invoice for any amounts
    due and payable under this Section 2 for the prior month. The Company will pay the amounts properly due and payable
    under each of the invoices issued in accordance with applicable law, within the time period set forth in Exhibit A
    attached hereto.
	 	 
	2.3
    	Taxes.
    It is explicitly agreed between the parties that any and all taxes, duties, fees, governmental or municipal fees or charges
    and/or other impositions that may be levied pursuant to any applicable law upon the Consultant with regards to the provision
    of the Services under this Agreement, including, but not limited to, Income Tax, shall be borne solely by the Consultant,
    and the amounts of the aforesaid payments shall be deemed to have been included in the Compensation and the Consultant shall
    indemnify the Company in the event the Company is required to pay any such taxes on behalf of the Consultant. In the event
    that pursuant to any law or regulation, tax is required to be withheld at source from any payment made to Consultant, the
    Company shall withhold said tax at the rate set forth in the certification issued by the applicable tax authority at the rate
    determined by said law or regulation. Consultant shall indemnify the Company in the event the Company is required to pay any
    such taxes on behalf of the Consultant.
	 	 
	2.4	The
    payments provided for under this Section 2 shall constitute the total and exclusive compensation payable by the Company
    to the Consultant for the provision of the Services hereunder. The Consultant shall not be entitled to any other form of compensation,
    commission, fee, bonus, equity, reimbursement or any other form of payment or consideration for the provision of the Services
    hereunder.

 

Section
3.  Independent Contractor

 

	3.1	The
    Consultant shall at all times act as an independent contractor, and shall not be, and/or claim to be, an employee of the Company.
    Consultant warrants that it is aware that this Agreement is only an agreement for the provision of services on a strictly
    contractual basis and does not create employer-employee relations between Consultant and the Company and does not confer upon
    Consultant any rights, except for those explicitly set forth herein.

 

    	2

    	 

    

 

	3.3	The
    Consultant undertakes that it and/or anyone on its behalf shall not claim, demand, sue or bring any cause of action against
    the Company in connection with alleged employer-employee relations between it and the Company in connection with the Services,
    and if it or anyone on its behalf does so, it shall indemnify the Company upon its first demand for any expense that may be
    occasioned to it in respect of, or in connection with, a claim as aforesaid, including legal fees. Without prejudice to the
    generality of the aforesaid, it is hereby agreed that Consultant shall not be entitled to receive from the Company any severance
    pay and/or any other payment and/or other consideration deriving from employer-employee relations and/or the termination thereof
    and/or any social benefits which an employee is entitled to receive in connection with the provision of the Services.
	 	 
	3.4	If
    notwithstanding the agreement of the parties and the Consultant’s informed undertakings, declarations and representations
    under this Agreement, and for any reason whatsoever, a competent authority, including a judicial body, shall determine that
    the Consultant was, or is, the Company’s employee, and/or is entitled to an employee’s right and/or benefits,
    the following provisions shall apply: (i) the parties agree that they have made a mutual mistake regarding the amount of the
    Compensation. Had the parties been aware of such mistake, they would have agreed that the Consultant would be entitled to
    60% (sixty percent) of the Compensation (the “Agreed Alternative Payment”). The parties agree that in this
    event the Compensation should have been the Agreed Alternative Payment, and the Consultant shall be obligated to return to
    the Company, on the day of the claim and/or demand which contradicts this Agreement, all additional amounts that the Consultant
    received from the Company beyond the Agreed Alternative Payment as defined above (the “Excess Amount”).
    Each Excess Amount, shall bear interest and shall be linked to the Cost of Living Index on the Consultant’s pay day
    – as compared to the Index on the day such amount will be returned to the Company; (ii) the Company shall be entitled
    to set off such Excess Amounts against all amounts that the Consultant shall be entitled to under this Agreement or any applicable
    law, or under the decision of the court or of any other competent tribunal as mentioned above, which shall not derogate from
    any other right of the Company to receive from the Consultant the rest of the amounts it is entitled to; (iii) the Consultant
    hereby waives any right to claim limitation of action. Notwithstanding any other provisions in this Agreement to the contrary,
    any bonus, incentive-based compensation, or any other compensation, paid to the Consultant pursuant to this Agreement or any
    other agreement or arrangement with the Company which is subject to recovery under any U.S. law, government regulation or
    stock exchange listing requirement will be subject to such deductions and claw back as may be required to be made pursuant
    to such U.S. law, government regulation or stock exchange listing requirement (or any policy adopted by the Bright Mountain
    pursuant to any such law, government regulation or stock exchange listing requirement).

 

Section
4.  Term and Termination

 

	4.1	Term.
    This Agreement shall commence on the Effective Date. The initial term of this Agreement shall commence on the Effective Date
    and shall continue for a period of two (2) calendar years (the “Initial Term”) unless terminated earlier
    by the Company in accordance with Section 4.3. After the initial term, this Agreement shall automatically be renewed
    for an additional one (1) year term unless terminated earlier in accordance with Sections 4.2 or 4.3 below (the
    “Renewal Term” and collectively with the Initial Term, the “Term”). 
	 	 
	4.2	Notice
    Period. During the Renewal Term, each party may terminate this Agreement by giving a ninety (90) days prior written notice
    of termination (the “Notice Period”). During the Notice Period, the Company will have the sole and absolute
    discretion to decide whether or not the Consultant shall provide the Services.

 

    	3

    	 

    

 

	4.3	Termination
    for Cause.

 

	 	4.3.1	During
    the Term, Company may terminate this Agreement immediately, or terminate the Notice Period immediately in any of the circumstances
    set forth herein: (A) the Consultant’s death or Disability (as defined below); or (B) for Cause (as defined below).
    
	 	 	 
	 	 	For
    the purpose of this Section 4.3, “Disability” shall mean the physical or mental illness or injury
    as a result of which Consultant remains unable to perform his duties to the Company for a period of four (4) successive months,
    or for a period of 120 days in the aggregate during a 12 months period irrespective of whether such days are consecutive.
    Disability shall be deemed to occur upon the end of such four (4) month period (or 120-day period, as applicable); “Cause”
    means (A) committing or participating in an injurious act of fraud or embezzlement against the Company; (B) committing or
    participating, willfully, in an injurious act or omission in a manner which was materially damaging to the Company; (C) engaging
    in a criminal enterprise involving moral turpitude; (D) conviction for a felony under the laws of the State of Israel, the
    United States or any state thereof; (E) ) conviction of, or plea of guilty or nolo contendere to, violation of any U.S. Federal
    or state securities laws, rules or regulations, or any rules or regulations of any stock exchange or other market on which
    Bright Mountain Media’s securities may be listed or quoted for trading; (F) violation of Bright Mountain’s insider
    trading policies in a manner which was materially damaging to the Company; or (G) any assignment of this Agreement in violation
    of this Agreement.

 

	4.4	Effect
    of Termination. Upon any expiration or termination of this Agreement, the following will apply: (i) the Company will pay
    the Consultant the amounts due in accordance with Section 2 for all Services actually performed in accordance with
    this Agreement prior to the expiration or termination of this Agreement; (ii) the Consultant shall immediately deliver to
    the Company all Inventions, Company Inventions, Confidential Information (as such terms are defined in the PIIA (as defined
    in Section 6)), work products, reports and any other materials related to the Company or its business in its possession
    or control; (iii) the Company will not be obligated to pay the Consultant for any Services performed after the end of the
    Term; and (iv) the parties’ respective rights and obligations under Sections 2.4, 3, 4.4, 5,
    6 and 7 will survive the expiration or termination of this Agreement as well as any rights, obligations and
    duties which by their nature extend beyond the expiration or termination of this Agreement (however so terminated).

 

Section
5.  Representations; Warranties; Covenants

 

	5.1	The
    Consultant represents and warrants that this Agreement and the performance of the Services and the Consultant’s other
    obligations under this Agreement (i) will not constitute or cause any breach, default or violation of any other consulting,
    nondisclosure, confidentiality or other agreement to which the Consultant is a party; (ii) do not require the consent of any
    person or entity; (iii) do not and will not violate any policies or procedures of any other person or entity for which it
    performs services concurrently with those performed herein; (iv) will be performed with promptness and diligence in a workmanlike
    manner, in accordance with the practices and standards used in professional well-managed operations performing similar services;
    and (v) do not and will not infringe, misappropriate or violate any patent, copyright, trade secret, trademark or other intellectual
    property right of any third party. The Consultant further represents and warrants that it has the power and authority necessary
    to enter into this Agreement, and that it has the necessary experience, expertise, skills and know-how needed to perform its
    obligations under this Agreement fully and completely, in a professional and diligent manner.

 

    	4

    	 

    

 

	5.2	The
    Consultant agrees to the transfer of any information related to it and held by the Company to a database (including a database
    located abroad) and to any other person or entity, as the Company shall deem necessary and reasonable for business purposes
    or to pursue the Company’s business interests.

 

Section 6.  Confidential Information, Proprietary Rights, Assignment of Inventions; Non-Compete

 

	6.1	Consultant
    shall, simultaneously herewith, execute the non-competition, proprietary information and inventions agreement, attached hereto
    as Exhibit B and incorporated herein by reference as part of this Agreement (the “PIIA”).
    For the removal of doubt, execution of the PIIA by Consultant is a condition precedent to this Agreement becoming effective.
    Consultant agrees to comply with all insider trading policies of Bright Mountain as may be adopted or amended from time to
    time and brought to his attention during the Term and any Renewal Term.
	 	 
	6.2	Consultant
    agrees that any breach of this Section 6 or any of the provisions of the PIIA by Consultant would cause irreparable
    damage to the Company and that, in the event of such breach, the Company shall have, in addition to all remedies of law, the
    right to an injunction, specific performance or other equitable relief to prevent the violation or threatened violation of
    Consultant’s obligations hereunder.

 

Section
7.  Miscellaneous

 

	7.1	Notices.
    Any notice to be given under this Agreement shall be in writing and may be sent by email or by post. The preferred method
    of communication is email. The Parties shall notify each other of any change in their contact details for notices. Emails
    will be deemed to have been received one hour after being sent or, if this falls after close of business, at 9.00 a.m. on
    the following working day provided that an undeliverable message has not been generated by then.
	 	 
	7.2	Non-waiver.
    The failure of the Company to insist upon or enforce strict performance of any provision of this Agreement or to exercise
    any of its rights or remedies under this Agreement will not be interpreted or construed as a waiver or relinquishment to any
    extent of the Company’s rights to assert or rely on any such provision, right or remedy in that or any other instance;
    rather, the same will be and remain in full force and effect. All waivers by the Company shall be in writing.
	 	 
	7.3	Severability.
    In the event any provision of this Agreement shall be determined to be unenforceable, because it is invalid or in conflict
    with any law of any relevant jurisdiction, the validity of the remaining provisions shall not be affected, and the rights
    and obligations of the parties shall be construed and enforced as if the Agreement did not contain the particular provision(s)
    held to be unenforceable.
	 	 
	7.4	Assignment.
    The Consultant will not (by contract, operation of law or otherwise) assign this Agreement or any right or interest in this
    Agreement without the prior written consent of the Company. The Company shall have the right to assign its rights and obligations
    under this Agreement to a party which assumes the Company’s obligations hereunder. Subject to the foregoing restriction
    on assignments by the Consultant, this Agreement will be fully binding upon, inure to the benefit of, and be enforceable by
    the parties and their respective successors, assigns and legal representatives. 
	 	 
	7.5	Governing
    Law; Venue and Jurisdiction. This Agreement shall be governed and construed under and in accordance with the laws of the
    State of Florida applicable to contracts made and to be performed entirely in such state (without giving effect to the conflicts
    of laws provisions thereof); provided however, that all matters relating specifically to compliance with employment laws of
    the State of Israel shall be governed by and construed in accordance with the internal substantive laws of the State of Israel.
    Each of the parties hereto expressly and irrevocably: (1) agree that any legal suit, action or proceeding arising out of or
    relating to this Agreement will be instituted exclusively in United States District Court for the Southern District of Florida,
    Palm Beach County, Florida; (2) waive any objection they may have now or hereafter to the venue of any such suit, action or
    proceeding; and (3) consent to the in personam jurisdiction of United States District Court for the Southern District of Florida,
    Palm Beach County, Florida in any such suit, action or proceeding. Each of the parties hereto further agrees to accept and
    acknowledge service of any and all process which may be served in any such suit, action or proceeding in the United States
    District Court for the Southern District of Florida, Palm Beach County, Florida and agree that service of process upon it
    mailed by certified mail to its address will be deemed in every respect effective service of process upon it, in any such
    suit, action or proceeding. 

 

    	5

    	 

    

 

	7.6	Amendments.
    This Agreement may be amended or modified, in whole or in part, only by an instrument in writing signed by all parties hereto.
    
	 	 
	7.7	Entire
    Agreement. This Agreement sets forth the entire agreement, and supersedes any and all prior agreements, of the parties
    with respect to the Services performed or to be performed by the Consultant hereunder, including the Services Agreement by
    and between the parties herein, dated January 1, 2017. All actions to be taken by the Company hereby shall be taken upon the
    instruction of the Chief Executive Officer of Bright Mountain. 
	 	 
	7.8	Public
    Disclosures. The Consultant is hereby granting the Company and Bright Mountain permission to mention the Consultant’s
    name as a consultant to the Company. Other than specifically agreed in writing between the Company and the Consultant or required
    by applicable law or court order, the Consultant shall not disclose the terms of this Agreement. 
	 	 
	7.9	Headings;
    Interpretation. Headings and subheadings are for convenience only and shall not be deemed to be a part of this Agreement.
    The preamble, exhibits and schedules to this Agreement constitute an integral part hereof. Words in the singular shall include
    the plural and vice versa; words in the masculine shall include the feminine and vice versa; and reference to a person shall
    also include corporate bodies and other legal entities.
	 	 
	7.10	Counterparts.
    This Agreement may be executed in two or more counterparts, each of which shall constitute an original and all of which shall
    be deemed a single agreement.

 

IN
WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first set forth above.

 

	COMPANY:	 	 	CONSULTANT:
	 	 	 	 	 
	Slutzky & Winshman Ltd.	 	 	 
	 	 	 	 	 
	Signature:	/s/
    Joey Winshman	 	Signature:	/s/
    Nadav Slutzky
	Name:	Joey
    Winshman	 	Name:	Nadav
    Slutzky
	Title:	Chief
    Marketing Officer	 	 	 

 

Bright
Mountain Media, Inc.

 

Signature:
/s/ W. Kip Speyer

W.
Kip Speyer, Chief Executive Officer

 

    	6

    	 

    

 

Exhibit
A

 

to
the Consulting Agreement by and between Bright Mountain Media, Inc., Slutzky & Winshman Ltd. and Nadav Slutzky (the “Agreement”)

 

	A.	Name
    of Company’s Supervisor: The Board of Directors and the Chief Executive Officer of Bright Mountain. 
	 	 
	B.	Description
    and Scope of Services: The Consultant shall provide services in the field of online marketing (the “Services”).
    
	 	 
	C.	Compensation:
    In consideration of the provision of the Services in accordance with the terms and conditions of the Agreement, the Consultant
    shall be entitled to receive from the Company the following consideration (collectively, the “Compensation”):

 

	 	(1)	Fee:
    a monthly gross fee of NIS 57,308 + VAT
	 	 	 
	 	(2)	Annual
    Cash Bonus: In addition to his monthly fee, Consultant shall be entitled to an annual cash bonus in accordance with, and
    subject to, all the terms and conditions of the applicable plan to be adopted by the Company (the “Annual Bonus”).
    The Parties agree that no later than Sixty (60) days from the Effective Date, the terms and conditions under which the Consultant
    shall be entitled to receive the Annual Bonus will be agreed upon in writing.
	 	 	 
	 	(3)	Reimbursement
    of Expenses: The Company shall reimbursement the Consultant for any reasonable expenses incurred by Consultants during
    the provision of the Services, including reimbursement of mobile phone expenses, car expenses, etc, provided that such expenses
    have been pre-approved by the Company. Reimbursement of any out of pocket expenses shall be done against receipts and/or other
    appropriate documentation as may be required by Company from time to time. All in accordance with the Company’s policies
    and guidelines on this subject. 
	 	 	 
	 	(4)	Reimbursement
    of Travel Expenses: The Company shall reimbursement the Consultant for travel expenses incurred on by Consultants during
    the provision of the Services, provided that the Consultant has received the Company’s prior written consent before
    booking any such travel. For the purpose of such reimbursement, the Consultant shall be required to present the relevant receipts
    to the Company and to fill an expense report in accordance with the Company’s policy.

 

The
Company will pay the amount properly due and payable under each of the Consultant’s invoices issued in accordance with applicable
law, within seven (7) days after receiving an invoice.

 

BY
THEIR SIGNATURE BELOW, THE PARTIES ACKNOWLEDGE THAT THE FOREGOING EXHIBIT REFLECTS THE PARTIES’ AGREEMENT:

 

	COMPANY:	 	CONSULTANT:
	 	 	 
	Slutzky & Winshman Ltd.	 	 
	 	 	 
	Signature:	/s/
    Joey Winshman	 	Signature:	/s/
    Nadav Slutzky
	Name:	Joey
    Winshman	 	Name:	Nadav
    Slutzky
	Title:	Chief
    Marketing Officer	 	Date:	August
    15, 2019

 

    	7

    	 

    

 

Exhibit
B

 

NON-COMPETITION,
PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT

 

THIS
NON-COMPETITION, PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT (“Agreement”) is made effective as of
August 15, 2019 (“Effective Date”) by and between Slutzky & Winshman Ltd., a corporation organized
under the laws of the State of Israel (the “Company”) and the undersigned (the “Consultant”).
Unless the context otherwise requires, the term “Company” shall also include all direct and indirect existing and
future subsidiary, parent or related corporations of the Company, including but not limited Bright Mountain Media, Inc., a Florida
corporation (“Bright Mountain”).

 

AGREEMENT

 

Consultant
acknowledges that Consultant’s engagement with the Company, whether before or after the date of this Agreement (the “Engagement”)
pursuant to the terms and conditions of the consulting agreement to which this Agreement is attached (the “Consulting
Agreement”) creates a relationship of confidence and trust between Consultant and the Company with respect to all Confidential
Information and Inventions (as such terms are defined below) of the Company.

 

In
consideration and as a condition of Consultant’s engagement with the Company, the compensation paid therefore, and the benefits
received therefore, the sufficiency of which is hereby acknowledged, it is hereby agreed as follows:

 

1.
Confidential Information

 

(a)
Confidentiality. Except as herein provided, Consultant agrees that during and after termination of Consultant’s
Engagement with the Company, Consultant (i) shall keep all Confidential Information (as defined below) confidential and shall
not directly or indirectly, use, divulge, publish or otherwise disclose or allow to be disclosed any aspect of Confidential Information
without the Company’s prior written consent; (ii) shall refrain from any action or conduct which might reasonably or foreseeably
be expected to compromise the confidentiality or proprietary nature of the Confidential Information; and (iii) shall follow recommendations
made by the Board of Directors, officers or supervisors of the Company from time to time regarding Confidential Information. “Confidential
Information” includes but is not limited to Inventions and Company Inventions (as defined in section 2(b)), Assignable
Inventions (as defined in section 2(c)), trade secrets, confidential information, knowledge or data of the Company, or any of
its clients, customers, consultants, shareholders, licensees, licensors, vendors or affiliates, that Consultant may produce, obtain
or otherwise acquire or have access to during the course of Consultant’s Engagement with the Company (whether before or
after the date of this Agreement), including but not limited to: business plans, records, and affairs; customer files and lists;
special customer matters; sales practices; methods and techniques; merchandising concepts, strategies and plans; sources of supply
and vendors; special business relationships with vendors, agents, and brokers; promotional materials and information; financial
matters; mergers; acquisitions; equipment, technologies and processes; selective personnel matters; inventions; developments;
product specifications; procedures; pricing information; intellectual property; know-how; technical data; software programs; algorithms;
operations and production costs; processes; designs; formulas; ideas; plans; devices; materials; and other similar matters which
are confidential. All Confidential Information and all tangible materials containing Confidential Information are and shall remain
the sole property of the Company.

 

(b)
Limitation. Consultant shall have no obligation under this Agreement to maintain in confidence any information that (i)
is in the public domain at the time of disclosure; (ii) though originally Confidential Information, subsequently enters the public
domain other than by breach of Consultant’s obligations hereunder or by breach of another person’s or entity’s
confidentiality obligations; or (iii) is shown by documentary evidence to have been known by Consultant prior to disclosure to
Consultant by the Company.

 

    	8

    	 

    

 

(c)
Information of Consultant’s Former Employers/Recipients of Services. Consultant agrees that Consultant has not and
will not, during the term of the Engagement with the Company, (i) improperly use or disclose any proprietary information or trade
secrets of any former employer/recipient of services or other person or entity with which Consultant has an agreement or duty
to keep in confidence information acquired by Consultant, if any, or (ii) bring onto the premises of the Company any document
or confidential or proprietary information belonging to such employer/recipient of services, person or entity unless consented
to in writing by such employer, person or entity and by the Company. Consultant will indemnify the Company and hold it harmless
from and against all claims, liabilities, damages and expenses, including reasonable attorneys’ fees and costs of suit,
arising out of or in connection with any violation of the foregoing.

 

(d)
Third Party Information. Consultant recognizes that the Company may have received, and in the future may receive, from
third parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality
of such information and to use it only for certain limited purposes. Consultant agrees that Consultant owes the Company and such
third parties, during Consultant’s Engagement with the Company and thereafter, a duty to hold all such confidential or proprietary
information in the strictest confidence and not to disclose it to any person or entity and to use it in a manner consistent with,
and for the limited purposes permitted by, the Company’s agreement with such third party.

 

(e)
Insider Trading. Consultant agrees to comply with all insider trading policies of Bright Mountain as may be adopted or
amended from time to time, and brought to his attention, during the Term and any Renewal Term.

 

2.
Inventions

 

(a)
Inventions Retained and Licensed. Consultant has attached hereto, as Exhibit B1, a list describing all inventions,
ideas, improvements, designs and discoveries, whether or not patentable and whether or not reduced to practice, original works
of authorship and trade secrets made or conceived by or belonging to Consultant (whether made solely by Consultant or jointly
with others) that (i) were developed by Consultant prior to Consultant’s Engagement with Company; (ii) relate to Company’s
actual or proposed business, products or research and development; and (iii) are not assigned to Company hereunder (collectively,
“Prior Inventions”); or, if Exhibit B1 is incomplete or if no such list is attached, Consultant represents
that there are no such Prior Inventions. Consultant hereby acknowledges that it shall not incorporate into or with the Company’s
products or otherwise use in the scope of its Engagement with the Company, any Prior Inventions or any third party intellectual
property without first receiving Company’s prior written approval therefor. If in the course of Consultant’s service
for Company, Consultant incorporates into a Company’s product, process or machine a Prior Invention owned by Consultant
or in which Consultant’s has an interest, Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable,
perpetual, worldwide right and license to make, have made, modify, use, sell, sublicense and otherwise distribute such Prior Invention
as part of or in connection with such product, process or machine.

 

    	9

    	 

    

 

(b)
Assignment of Inventions. Consultant hereby agrees and acknowledged that Company is and shall remain the sole and exclusive
owner, and/or to the extent necessary hereby assigns and transfers to Company, to the fullest extent under applicable law, Consultant’s
entire right, title and interest in and to all inventions, ideas, improvements, designs, developments, works, know-how, original
works of authorship, formulae, concepts, techniques, methods, systems, processes, compositions of matter, algorithms, computer
software programs (including, but not limited to, any code, modules, tools, and libraries), databases, trade secrets and discoveries
and any other intellectual creations of any nature whatsoever (the “Inventions”), whether or not patentable
and whether or not reduced to practice, made or conceived by Consultant, whether solely by Consultant or jointly with others,
during the period of Consultant’s Engagement with Company that either (i) relate in any manner to the actual or demonstrably
anticipated business, work, Confidential Information or research and development of Company, its affiliates or subsidiaries; or
(ii) are developed in whole or in part on Company’s time or using Company’s equipment, supplies, facilities or Confidential
Information; or (iii) result from or are suggested by any task assigned to Consultant or any work or service performed by Consultant
for or on behalf of Company, its affiliates or subsidiaries, or by the scope of Consultant’s Engagement or any other duties
and responsibilities with Company, its affiliates or subsidiaries (the “Company Inventions”). Without derogating
from the aforementioned Consultant further acknowledges that all original works of authorship that are made by Consultant, solely
or jointly with others, within the scope of and during the period of Consultant’s Engagement with the Company and that are
protectible by copyright are “works made for hire,” as defined in the U.S. Copyright Act and shall be owned
solely by the Company. Further, without derogating from the aforementioned, Consultant hereby explicitly waives any interest,
claim or demand that the Consultant may have for, or may be entitled to, with respect to any consideration, compensation or royalty
in connection with the Inventions, including but not limited to, any claims for consideration, compensation or royalty under any
law of any applicable jurisdiction (including, to the extent applicable or found by any competent court or tribunal despite the
Parties’ agreement hereunder irrevocably waives any right to receive remuneration or royalty for “Service Inventions”
under Section 134 of Patents Law 1967). Consultant hereby acknowledges and declares that the Compensation provided under the Consulting
Agreement constitutes the entire compensation to which Consultant is entitled to and includes any and all consideration with respect
to the Company Inventions developed by Consultant. Consultant further waives the right to bring any claims, demands or allegations
to receive compensation, consideration or royalty with respect to the Moral Rights (as further defined) and the Company Inventions.
“Moral Rights” as used herein means the rights of an author under Section 45 of the Israeli Copyright Law,
2007, or any other similar provision under any law of any applicable jurisdiction, including the right of the author to be known
as the author of his/her work; to prevent others from being named as the author of his/her work; to prevent others from making
deforming changes in his/her work in a manner that reflects negatively on his/her professional standing, his/her goodwill or dignity.

 

(c)
Disclosure of Inventions. Consultant agrees that in connection with any Invention: (i) Consultant shall promptly disclose
such Invention in writing to Consultant’s immediate supervisor at Company (which shall be received in confidence by Company),
regardless of whether Consultant believes the Invention is a Company Invention or not, in order to permit Company to claim rights
to which it may be entitled under this Agreement; and (ii) Consultant shall, at Company’s request, promptly execute a written
assignment of title to Company for any Inventions including Company Invention required to be assigned by Section 2(b), (an “Assignable
Invention”), and Consultant will preserve any such Assignable Invention as Confidential Information of Company.

 

(d)
Patent and Copyright Registrations. Consultant agrees to assist Company, or its designee, at Company’s expense, in
every proper way to secure Company’s rights in the Assignable Inventions and any copyrights, patents, mask work rights or
other intellectual property rights relating thereto in any and all countries, including the disclosure to Company of all pertinent
information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and other instruments
that Company shall deem necessary in order to apply for and obtain such rights and in order to assign and convey to Company, its
successors, assigns, and nominees the sole and exclusive rights, title and interest in and to such Assignable Inventions, and
any copyrights, patents, or other intellectual property rights relating thereto. Consultant further agrees that Consultant’s
obligation to execute or cause to be executed, when it is in Consultant’s power to do so, any such instrument or papers
shall continue after the termination of Consultant’s Engagement with Company. If Company is unable because of Consultant’s
mental or physical incapacity or for any other reason to secure Consultant’s signature to apply for or to pursue any application
for any Israel, U.S. or other patents or copyright registrations covering Assignable Inventions or original works of authorship
assigned to Company as above, then Consultant hereby irrevocably designates and appoints Company and its duly authorized officers
and agents as Consultant’s agent and attorney-in-fact, to act for and in Consultant’s behalf and stead to execute
and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters
patent or copyright registrations thereon with the same legal force and effect as if executed by Consultant.

 

(e)
Other Obligations. Consultant acknowledges that Company from time to time may have agreements with other persons or with
the Israeli, U.S. or other governments, or agencies thereof, that impose obligations or restrictions on Company regarding Inventions
made during the course of work thereunder or regarding the confidential nature of such work. Consultant agrees to be bound by
all such obligations and restrictions and to take all action necessary to discharge the obligations of Company thereunder.

 

    	10

    	 

    

 

3.
Return of Confidential Material. Upon Company’s request or in the event of Consultant’s termination of Engagement
with Company for any reason whatsoever, Consultant agrees to promptly surrender and deliver to Company all records, materials,
equipment, drawings, documents and data of any nature pertaining to any Confidential Information or to Consultant’s Engagement,
and Consultant will not retain or take any tangible materials or electronically stored data, containing or pertaining to any Confidential
Information that Consultant may produce, acquire or obtain access to during the course of Consultant’s Engagement.

 

4.
Notification of New Employer/Recipient of Services. If the Engagement hereunder is terminated, Consultant hereby consents
to the Company notifying Consultant’s new employer/recipient of services about Consultant’s rights and obligations
under this Agreement.

 

5.
Non-Solicitation and Non-Competition. 

 

(a)
Restrictions. Consultant agrees that during the period of Consultant’s Engagement with the Company and for twenty
four (24) months after the date of termination of Consultant’s Engagement with Company (for any reason or no reason, whether
voluntary or involuntary), Consultant’s will not, either directly or indirectly, either alone or jointly with others or
as an employee, agent, consultant owner, partner, joint venturer, stockholder, broker, principal, corporate officer, director,
licensor or in any other capacity or as an employee of any person, firm or company, anywhere in the world:

 

(i)
induce, solicit, recruit or encourage (or endeavor to induce, solicit, recruit or encourage) any employee or consultant of the
Company to leave the Company;

 

(ii)
solicit the business of any client or customer of Company (other than on behalf of Company);

 

(iii)
solicit or approach in competition with the Company, any person or entity which was provided with goods or services by the Company,
provided goods or services to the Company or who invested or contemplated investment in the Company at any time during the 24
months immediately prior to the date of termination of the Engagement, for the purpose of offering or receiving goods or services
of the same type as or similar to the goods or services supplied or received by the Company at the date of termination of the
Engagement or for the purpose of soliciting investment in an entity other than the Company;

 

(iv)
engage in any activity that is direct completion with the business or demonstrably anticipated business of Company;

 

(v)
carry on or hold an interest in any corporation, venture, entity or other business (other than a minority interest in a publicly
traded company) which competes with the products or services of the Company: or

 

(vi)
assist any other person or organization in competing or in preparing to compete with the business or demonstrably anticipated
business of the Company or act as an employee, officer consultant or in any managerial capacity in a business in competition with
the Company.

 

(b)
Enforcement. If at any time any of the provisions of Section 5(a) are deemed invalid or unenforceable or are prohibited
by the laws of the state or place where they are to be performed or enforced, by reason of being vague or unreasonable as to duration
or geographic scope or scope of activities restricted, or for any other reason, such provisions shall be considered divisible
and shall become and be immediately amended to include only such restrictions and to such extent as shall be deemed to be reasonable
and enforceable by the court or other body having jurisdiction over this Agreement. The provisions of Section 5(a), as so amended,
shall be valid and binding as though any invalid or unenforceable provision had not been included.

 

    	11

    	 

    

 

6.
Representations. Consultant agrees to execute any proper oath or verify any proper document required to carry out or evidence
compliance with the terms of this Agreement. Consultant represents that Consultant’s performance of all the terms of this
Agreement, and as a Consultant to the Company, will not breach any agreement to keep in confidence proprietary information acquired
by Consultant in confidence or in trust prior to Consultant’s retention by Company. Consultant has not entered into, and
Consultant agrees that Consultant’s will not enter into, any oral or written agreement in conflict herewith.

 

7.
Equitable Relief. Consultant agrees that it would be impossible or inadequate to measure and calculate the Company’s
damages from any breach of the covenants set forth in this Agreement. Accordingly, Consultant agrees that if Consultant breaches
this Agreement, including without limitation the provisions of Section 5(a), hereunder, the Company will have available, in addition
to any other right or remedy available, the right to obtain an injunction from a court of competent jurisdiction restraining such
breach or threatened breach and to specific performance of any such provision of this Agreement. Consultant further agrees that
no bond or other security shall be required in obtaining such equitable relief and Employee hereby consents to such injunction’s
issuance and to the ordering of specific performance. In any legal proceeding commenced under this Section 7, the losing party
shall pay the prevailing party’s actual attorneys’ fees and expenses incurred in the preparation for, conduct of or
appeal or enforcement of judgment from the proceeding. The phrase “prevailing party” shall mean the party who is determined
in the proceeding to have prevailed or who prevails by dismissal, default or otherwise.

 

8.
Governing Law; Consent to Personal Jurisdiction. This Agreement shall be governed and construed under and in accordance with
the laws of the State of Florida applicable to contracts made and to be performed entirely in such state (without giving effect
to the conflicts of laws provisions thereof); provided however, that all matters relating specifically to compliance with employment
laws of the State of Israel shall be governed by and construed in accordance with the internal substantive laws of the State of
Israel. Each of the parties hereto expressly and irrevocably: (1) agree that any legal suit, action or proceeding arising out
of or relating to this Agreement will be instituted exclusively in United States District Court for the Southern District of Florida,
Palm Beach County, Florida; (2) waive any objection they may have now or hereafter to the venue of any such suit, action or proceeding;
and (3) consent to the in personam jurisdiction of United States District Court for the Southern District of Florida, Palm Beach
County, Florida in any such suit, action or proceeding. Each of the parties hereto further agrees to accept and acknowledge service
of any and all process which may be served in any such suit, action or proceeding in the United States District Court for the
Southern District of Florida, Palm Beach County, Florida and agree that service of process upon it mailed by certified mail to
its address will be deemed in every respect effective service of process upon it, in any such suit, action or proceeding.

 

9.
Entire Agreement. This Agreement and the Consulting Agreement sets forth the entire agreement and understanding between Company
and Consultant relating to the subject matter herein and merges all prior discussions and agreements between the parties with
respect that subject matter. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement,
will be effective unless in writing signed by the Company and Consultant. Any subsequent change or changes in Consultant’s
duties, salary or compensation will not affect the validity or scope of this Agreement.

 

10.
Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will
continue in full force and effect.

 

11.
Successors and Assigns. This Agreement will be binding upon Consultant’s heirs, executors, administrators and other
legal representatives and will be for the benefit of Company, its successors, and its assigns.

 

12.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original and all
of which shall be deemed a single agreement.

 

13.
No Employment Contract. Nothing in this Agreement shall be construed to create a contract of employment, either express or
implied-in-fact, for any fixed term or requiring cause for termination.

 

[signature
page follows]

 

    	12

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.

 

	COMPANY:	 	CONSULTANT:
	 	 	 	 	 
	Slutzky & Winshman Ltd.	 	 	 
	 	 	 	 	 
	Signature:	/s/
    Joey Winshman	 	Signature:	/s/
    Nadav Slutzky
	Name:	Joey
    Winshman	 	Name:	Nadav
    Slutzky
	Title:	Chief
    Marketing Officer	 	Date:	August
    15, 2019

 

Bright
Mountain Media, Inc.

 

Signature:
/s/ W. Kip Speyer

W.
Kip Speyer, Chief Executive Officer

 

    	13

    	 

    

 

Exhibit
B1

 

TO
THE PROPRIETARY INFORMATION, NON-COMPETITION AND INVENTIONS AGREEMENT

 

Prior
Inventions

 

Following
a list of Prior Inventions of the Consultant:

 

1.
__________________________________________________________

 

2.
__________________________________________________________

 

3.
__________________________________________________________

 

4.
__________________________________________________________

 

If
nothing is listed, I will be regarded as having declared that I have no Prior Inventions.

 

	 		 	
	 	Consultant
    (Signature)	 	Date

 

    	14

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