Document:

Exhibit
10.3

 

Execution
Version

 

GUARANTY
OF PAYMENT AGREEMENT

 

THIS
GUARANTY OF PAYMENT AGREEMENT (this “Agreement”) is made this 4th day of September, 2020, by Verb Technology Company,
Inc., a Nevada corporation (the “Guarantor”), for the benefit of Steve Deverall, an individual (the “Lender”).

 

RECITALS

 

A.
Pursuant to the terms of that certain Membership Interest Purchase Agreement (the “Purchase Agreement”), by and among
Ascend Certification, LLC, Lender, solely in his capacity as Seller Representative, the “Sellers” signatory thereto
and Verb Acquisition Co., LLC, a Nevada limited liability company (the “Borrower”), Borrower executed and delivered
a Promissory Note dated of even date herewith (as amended, modified, restated, substituted, extended and renewed at any time and
from time to time, the “Note”) in favor of Lender in the principal amount of $1,982,250 (the “Loan”).

 

B.
All defined terms used in this Agreement and not defined herein shall have the meaning given to such terms in the Note.

 

C.
The Guarantor, the parent of Lender, will receive an economic benefit from Lender entering into the Note with the Borrower and
make the Loan available to the Borrower.

 

D.
The Lender has required, as a condition to entering into the Note, that the Guarantor execute this Agreement as additional security
for the payment and performance of the Loan.

 

NOW,
THEREFORE, in order to induce the Lender to enter into the Note, the Guarantor covenants and agrees with the Lender as follows:

 

Article
I

THE GUARANTY

 

Section
1.1 Guaranty.

 

The
Guarantor hereby unconditionally and irrevocably guarantees and promises to the Lender and to Lender’s successors and assigns
the full and complete performance and payment of the obligations of Borrower to repay the Loan and the interest thereon, in each
case when due and payable, all according to the terms of the Note. It is the purpose and intent of this Guaranty that the obligations
of Guarantor under it shall be absolute and unconditional under any and all circumstances. Guarantor agrees that nothing shall
discharge or satisfy the obligations created hereunder except for the full payment and performance of the Loan.

 

Section
1.2 Guaranty Unconditional.

 

The
obligations and liabilities of the Guarantor under this Agreement shall be absolute and unconditional. The Guarantor expressly
agrees that the Lender may, in discretion, without notice to or further assent of the Guarantor and without in any way releasing,
affecting or in any way impairing the obligations and liabilities of the Guarantor hereunder:

 

(a)
grant extensions or renewals of or with respect to the Note; and

 

(b)
effect any release, subordination, compromise or settlement in connection with the Note.

 

    	 

     

    

 

Section
1.3 Guaranty Primary.

 

The
obligations and liabilities of the Guarantor under this Agreement shall be primary, direct and immediate and shall not be conditional
or contingent upon pursuit or enforcement by the Lender of any remedies it may have against the Borrower. Without limiting the
generality of the foregoing, the Lender shall not be required to make any demand upon the Borrower or otherwise pursue, enforce
or exhaust its remedies against the Borrower either before, concurrently with or after pursuing or enforcing its rights and remedies
hereunder. This Guaranty is an absolute guaranty of payment and performance and not of collection. The liability of Guarantor
hereunder shall not be subject to reduction on account of any asserted right of set-off, deduction, recoupment, or counterclaim.

 

Section
1.4 Events of Default.

 

The
failure of the Guarantor to pay any of the Loan as and when due and payable in accordance with the provisions of this Agreement
shall constitute an “Event of Default” under the provisions of this Agreement.

 

Section
1.5 Bankruptcy. Guarantor agrees that the liability of Guarantor under this Guaranty shall in no way be affected by (a)
the release or discharge of Borrower in any creditor proceeding, receivership, bankruptcy or other similar proceeding, (b) the
impairment, limitation or modification of the liability of Borrower or of any remedy for the enforcement of Borrower’s liability
resulting from the operation of any present or future provision of United States of America Bankruptcy Code, Title 11 of the United
States Code, as amended, or any other statute or proceeding affecting creditors’ rights generally, (c) the rejection or
disaffirmance of the obligations under the Loan or any portion thereof in any such proceeding, or (d) the cessation, from any
cause whatsoever, whether consensual or by operation of law, of the liability of Borrower to Lender. In the event Lender is required
by any law or judicial order to return to Borrower, or to any other person, property transferred to Lender in performance of such
obligations, including, without limitation, pursuant to the avoidance powers of a trustee or debtor-in-possession under the United
States of America Bankruptcy Code, Title 11 of the United States Code, or under a law for the protection of distressed debtors
of any other jurisdiction, Guarantor will perform such obligations in respect of which such property had been transferred to Lender
to the same extent as if it had never been transferred.

 

Section
1.6 Subordination; Subrogation.

 

In
the event the Guarantor shall advance any sums to the Borrower, or in the event the Borrower has heretofore or shall hereafter
become indebted to the Guarantor before the Loan has been paid in full, all such advances and indebtedness shall be subordinate
to the Loan.

 

    	2

     

    

 

Nothing
contained in this Agreement shall be construed to give the Guarantor any right of subrogation in or to the Loan, or all or any
part of the interest of the Lender therein, until the Loan has been paid in full.

 

Article
II

REPRESENTATIONS AND WARRANTIES

 

Section
2.1 Representations and Warranties.

 

The
Guarantor represents and warrants to the Lender as follows:

 

2.1.1
Good Standing.

 

The
Guarantor (a) is duly organized, existing and in good standing under the laws of the jurisdiction of its organization, and (b)
has the power to carry on its business as now being conducted.

 

2.1.2
Power and Authority.

 

The
Guarantor has full power and authority to execute and deliver this Agreement, which has been duly authorized by all proper and
necessary action under the governing documents of the Guarantor. No consent or approval of owners or any creditors of the Guarantor
is required as a condition to the execution, delivery, validity or enforceability of this Agreement.

 

2.1.3
Binding Agreements.

 

This
Agreement has been properly executed and delivered and constitutes the valid and legally binding obligation of the Guarantor and
is fully enforceable against the Guarantor in accordance with its terms.

 

2.1.4
No Conflicts.

 

The
execution, delivery and performance of the terms of this Agreement will not conflict with, violate or be prevented by the Guarantor’s
organizational documents or any applicable laws.

 

2.1.5
Full Disclosure.

 

There
is no fact known to the Guarantor which the Guarantor has not disclosed to the Lender in writing prior to the date of this Agreement
which materially and adversely affects or in the future could, in the reasonable opinion of the Guarantor materially adversely
affect the condition, financial or otherwise, results of operations, business, or assets of the Guarantor.

 

    	3

     

    

 

2.1.6
Financial Interest.

 

The
Guarantor has a financial interest in the Borrower and will derive a benefit from the Loan and hereby waives any claim that the
Lender violated the Equal Credit Opportunity Act (15 U.S.C. 1691 et seq.) in connection with the Loan.

 

Article
III

AFFIRMATIVE COVENANTS

 

The
Guarantor hereby covenants and agrees as follows:

 

Section
3.1 Existence.

 

The
Guarantor shall maintain its existence in good standing in the jurisdiction in which it is organized and in each other jurisdiction
where it is required to register or qualify to do business if the failure to do so in such other jurisdiction might have a material
adverse effect on the ability of the Guarantor to conduct its operations.

 

Article
IV

MISCELLANEOUS

 

Section
4.1 Notices.

 

All
notices, requests and demands to or upon the parties to this Agreement shall be in writing and shall be deemed to have been given
or made when delivered by hand on a business day, or two (2) days after the date when deposited in the mail, postage prepaid by
registered or certified mail, return receipt requested, or when sent by overnight courier, on the business day next following
the day on which the notice is delivered to such overnight courier, addressed as follows:

 

	 	Guarantor:	Verb
    Technology Company, Inc.
	 	 	2210
    Newport Boulevard, Suite 200
	 	 	Newport
    Beach, California 92663
	 	 	Attention:
    Rory Cutaia, President and CEO
	 	 	(855)
    250-2300 (phone)
	 	 	rory@verb.tech
	 	 	 
	 	Lender:	Steve
    Deverall
	 	 	3369
    W. Mayflower Avenue, Suite 100
	 	 	Lehi,
    Utah 84043
	 	 	(801)
    209-0163
	 	 	steve@solofire.com

 

By
written notice, each party to this Agreement may change the address to which notice is given to that party, provided that such
changed notice shall include a street address to which notices may be delivered by overnight courier in the ordinary course on
any business day.

 

    	4

     

    

 

Section
4.2 Amendments; Waivers.

 

This
Agreement may not be amended, modified, or changed in any respect except by an agreement in writing signed by the Lender and the
Guarantor.

 

Section
4.3 Severability.

 

In
case one or more provisions, or part thereof, contained in this Agreement shall be invalid, illegal or unenforceable in any respect
under any applicable law, then without need for any further agreement, notice or action:

 

(a)
the validity, legality and enforceability of the remaining provisions shall remain effective and binding on the parties thereto
and shall not be affected or impaired thereby;

 

(b)
the obligation to be fulfilled shall be reduced to the limit of such validity; and

 

(c)
if the affected provision or part thereof does not pertain to repayment of the Loan, but operates or would prospectively operate
to invalidate this Agreement in whole or in part, then such provision or part thereof only shall be void, and the remainder of
this Agreement shall remain operative and in full force and effect.

 

Section
4.4 Successors and Assigns.

 

This
Agreement shall be binding upon the Guarantor and its successors and assigns and shall inure to the benefit of the Lender and
its successors and assigns.

 

Section
4.5 Applicable Law.

 

As
a material inducement to the Lender to enter into this Agreement, the Guarantor acknowledges and agrees that this Agreement shall
be governed by the laws of the State of Nevada.

 

Section
4.6 Duplicate Originals and Counterparts.

 

This
Agreement may be executed in any number of duplicate originals or counterparts, each of such duplicate originals or counterparts
shall be deemed to be an original and all taken together shall constitute but one and the same instrument.

 

Section
4.7 Headings; Etc.

 

The
headings in this Agreement are included herein for convenience only, shall not constitute a part of this Agreement for any other
purpose, and shall not be deemed to affect the meaning or construction of any of the provisions hereof. The above Recitals are
part of this Agreement.

 

    	5

     

    

 

Section
4.8 No Partnership; Third Parties.

 

Nothing
contained in this Agreement shall be construed in a manner to create any relationship between the Guarantor and the Lender other
than the relationship of guarantor and lender and the Guarantor and the Lender shall not be considered partners or co-venturers
for any purpose. The terms and provisions of this Agreement are for the benefit of the Lender and its successors, assigns, endorsees
and transferees and all persons claiming under or through it and no other person shall have any right or cause of action on account
thereof.

 

Section
4.9 WAIVER OF TRIAL BY JURY.

 

THE
GUARANTOR AND THE LENDER HEREBY JOINTLY AND SEVERALLY WAIVE TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO WHICH THE GUARANTOR AND
THE LENDER MAY BE PARTIES, ARISING OUT OF OR IN ANY WAY PERTAINING TO THIS AGREEMENT. THIS WAIVER CONSTITUTES A WAIVER OF TRIAL
BY JURY OF ALL CLAIMS AGAINST ALL PARTIES TO SUCH ACTIONS OR PROCEEDINGS, INCLUDING CLAIMS AGAINST PARTIES WHO ARE NOT PARTIES
TO THIS AGREEMENT.

 

This
waiver is knowingly, willingly and voluntarily made by the Guarantor and the Lender, and the Guarantor and the Lender hereby represent
that no representations of fact or opinion have been made by any individual to induce this waiver of trial by jury or to in any
way modify or nullify its effect. The Guarantor and the Lender further represent that they have been represented in the signing
of this Agreement and in the making of this waiver by independent legal counsel, selected of their own free will, and that they
have had the opportunity to discuss this waiver with counsel.

 

Section
4.10 Complete and Final Expression of Agreement.

 

This
Agreement is intended by the Lender and the Guarantor to be a complete, exclusive and final expression of the agreements contained
herein. Neither the Lender nor the Guarantor shall hereafter have any rights under any prior agreements pertaining to the matters
addressed by this Agreement but shall look solely to this Agreement for definition and determination of all of their respective
rights, liabilities and responsibilities under this Agreement. No course of dealing, course of performance or trade usage, and
no parole evidence of any nature, shall be used to supplement or modify any terms of this Agreement. The Lender and the Guarantor
further agree that there are no conditions to the full effectiveness of this Agreement, unless otherwise expressly stated herein.

 

[signature
page follows]

 

    	6

     

    

 

WITNESS
the signature of the Guarantor as of the day and year first above written.

 

	VERB
    TECHNOLOGY COMPANY, INC.	 
	 	 	 
	By:
    	/s/
    Rory Cutaia	 
	Name:
    	Rory
    Cutaia	 
	Title:
    	President
    and CEOExhibit
10.4

 

Execution
Version

 

EXCHANGE
AGREEMENT

 

THIS
EXCHANGE AGREEMENT (this “Agreement”), is entered into as of September 4, 2020 (the “Effective Date”),
by and among Verb Acquisition Co., LLC, a Nevada limited liability company (the “Company”), Verb Technology,
Inc., a Nevada corporation (the “Corporation”), and the holders of Class B Units (as defined herein) from time
to time party hereto.

 

RECITALS

 

WHEREAS,
the parties hereto desire to provide for the exchange of Class B Units for shares of Common Stock (as defined herein), on the
terms and subject to the conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual covenants and undertakings contained herein and for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE
I

 

SECTION
1.1. Definitions

 

The
following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to the terms used
in this Agreement.

 

“Agreement”
has the meaning set forth in the Preamble.

 

“Class
B Unit” means (i) each Class B Unit (as such term is defined in the Company Operating Agreement) issued as of the date
hereof and (ii) each Class B Unit or other interest in the Company that may be issued by the Company in the future that is designated
by the Corporation as a “Class B Unit.”

 

“Class
B Unitholder” means each holder of one or more Class B Units that may from time to time be a party to this Agreement.

 

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

 

“Common
Stock” means the common stock, par value $0.0001 per share, of the Corporation.

 

“Company”
has the meaning set forth in the Preamble.

 

“Company
Operating Agreement” means the Amended and Restated Operating Agreement of the Company, dated as of the date hereof,
as such agreement may be amended from time to time.

 

“Corporation”
has the meaning set forth in the Preamble.

 

“Effective
Date” has the meaning set forth in the Preamble.

 

    	 

     

    

 

“Exchange”
has the meaning set forth in Section 2.1(a) of this Agreement.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Exchange
Rate” means, at any time, the number of shares of Common Stock for which a Class B Unit is entitled to be exchanged
at such time. On the date of this Agreement, the Exchange Rate shall be 1.0, subject to adjustment pursuant to Section 2.2
hereof.

 

“Permitted
Transferee” has the meaning given to such term in Section 3.1 of this Agreement.

 

ARTICLE
II

 

SECTION
2.1. Exchange of Class B Units for Common Stock.

 

(a)
From and after the six (6)-month anniversary of the Effective Date, each Class B Unitholder shall be entitled at any time and
from time to time, upon the terms and subject to the conditions hereof, to surrender Class B Units to the Company in exchange
for the delivery to the exchanging Class B Unitholder of a number of shares of Common Stock that is equal to the product of
the number of Class B Units surrendered multiplied by the Exchange Rate (such exchange, an
“Exchange”); provided, that any such Exchange is for all of the Class B Units held by such Class B
Unitholder.

 

(b)
A Class B Unitholder shall exercise its right to make an Exchange as set forth in Section 2.1(a) above by delivering to
the Corporation and to the Company a written election of exchange in respect of the Class B Units to be exchanged substantially
in the form of Exhibit A attached hereto and any certificates, if any, representing Class B Units, duly executed by such
holder or such holder’s duly authorized attorney, in each case delivered during normal business hours at the principal executive
offices of the Corporation and of the Company. As promptly as practicable (but in no event more than two (2) days) following the
delivery of such a written election of exchange (and the concurrent consummation of the transfer of Class B Units from such Class
B Unitholder to the Corporation, for the account of the Company, in connection therewith), the Company shall deliver or cause
to be delivered at the offices of the then-acting registrar and transfer agent of the Common Stock or, if there is no then-acting
registrar and transfer agent of the Common Stock, at the principal executive offices of the Corporation, the number of shares
of Common Stock deliverable upon such Exchange, registered in the name of the relevant exchanging Class B Unitholder or its designee.
Notwithstanding the foregoing, if the Common Stock is settled through the facilities of The Depository Trust Company, and the
exchanging Class B Unitholder is permitted to hold shares of Common Stock through The Depository Trust Company, the Company will,
subject to Section 2.1(c) hereof, upon the written instruction of an exchanging Class B Unitholder, use its reasonable
best efforts to deliver or cause to be delivered the shares of Common Stock deliverable to such exchanging Class B Unitholder,
through the facilities of The Depository Trust Company, to the account of the participant of The Depository Trust Company designated
by such exchanging Class B Unitholder. The Corporation shall take such actions as may be reasonably required to ensure the performance
by the Company of its obligations under this Section 2(b) and the foregoing Section 2(a), including the issuance
and sale of shares of Common Stock to or for the account of the Company in exchange for the delivery to the Corporation of a number
of Class B Units that is equal to the number of Class B Units surrendered by an exchanging Class B Unitholder.

 

    	2

     

    

 

(c)
The Company and each exchanging Class B Unitholder shall bear its own expenses in connection with the consummation of any Exchange,
whether or not any such Exchange is ultimately consummated, except that the Company shall bear any transfer taxes, stamp taxes
or duties, or other similar taxes in connection with, or arising by reason of, any Exchange; provided, however,
that if any shares of Common Stock are to be delivered in a name other than that of the Class B Unitholder that requested the
Exchange, then such Class B Unitholder and/or the person in whose name such shares are to be delivered shall pay to the Company
the amount of any transfer taxes, stamp taxes or duties, or other similar taxes in connection with, or arising by reason of, such
Exchange or shall establish to the reasonable satisfaction of the Company that such tax has been paid or is not payable.

 

(d)
Notwithstanding anything to the contrary herein, to the extent the Corporation or the Company shall determine that Class B Units
do not meet the requirements of Treasury Regulation section 1.7704-1(h), the Corporation or the Company may impose such restrictions
on Exchange as the Corporation or the Company may determine to be necessary or advisable so that the Company is not treated as
a “publicly traded partnership” under Section 7704 of the Code; provided, that each Class B Unitholder shall
be entitled at any time to exchange Class B Units for Common Stock, provided that the aggregate number of Class B Units surrendered
by such Class B Unitholder in any such Exchange is greater than two percent (2%) of the then-outstanding Class B Units (provided
that such Exchange constitutes part of a “block transfer” within the meaning of Treasury Regulation Section 1.7704-1(e)(2)).
Notwithstanding anything to the contrary herein, no Exchange shall be permitted (and, if attempted, shall be void ab initio)
if, in the good faith determination of the Corporation or of the Company, such an Exchange would pose a material risk that the
Company would be a “publicly traded partnership” under Section 7704 of the Code.

 

(e)
For the avoidance of doubt, and notwithstanding anything to the contrary herein, a Class B Unitholder shall not be entitled to
effect an Exchange to the extent the Corporation determines that such Exchange (i) would be prohibited by law or regulation (including,
without limitation, the unavailability of any requisite registration statement filed under the U.S. Securities Act of 1933, as
amended (the “Securities Act”), or any exemption from the registration requirements thereunder) or (ii) would
not be permitted under any other agreements with the Corporation or its subsidiaries to which such Class B Unitholder may be party
(including, without limitation, the Company Operating Agreement) or any written policies of the Corporation related to unlawful
or inappropriate trading applicable to its directors, officers or other personnel.

 

(f)
The Corporation may adopt reasonable procedures for the implementation of the exchange provisions set forth in this Article
II, including, without limitation, procedures for the giving of notice of an election of exchange.

 

    	3

     

    

 

SECTION
2.2. Adjustment. The Exchange Rate shall be adjusted accordingly if there is: (a) any subdivision (by any unit split, unit
distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse unit split, reclassification,
reorganization, recapitalization or otherwise) of the Class B Units that is not accompanied by an identical subdivision or combination
of the Common Stock; or (b) any subdivision (by any stock split, stock dividend or distribution, reclassification, reorganization,
recapitalization or otherwise) or combination (by reverse stock split, reclassification, reorganization, recapitalization or otherwise)
of the Common Stock that is not accompanied by an identical subdivision or combination of the Class B Units. If there is any reclassification,
reorganization, recapitalization or other similar transaction in which the Common Stock are converted or changed into another
security, securities or other property, then upon any subsequent Exchange, an exchanging Class B Unitholder shall be entitled
to receive the amount of such security, securities or other property that such exchanging Class B Unitholder would have received
if such Exchange had occurred immediately prior to the effective time of such reclassification, reorganization, recapitalization
or other similar transaction, taking into account any adjustment as a result of any subdivision (by any split, distribution or
dividend, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse split, reclassification,
recapitalization or otherwise) of such security, securities or other property that occurs after the effective time of such reclassification,
reorganization, recapitalization or other similar transaction. Except as may be required in the immediately preceding sentence,
no adjustments in respect of distributions shall be made upon the exchange of any Class B Unit.

 

SECTION
2.3. Common Stock to be Issued.

 

(a)
The Corporation shall at all times reserve and keep available out of its authorized but unissued Common Stock, solely for the
purpose of issuance upon an Exchange, such number of shares of Common Stock as shall be deliverable upon any such Exchange; provided,
that nothing contained herein shall be construed to preclude the Company from satisfying its obligations in respect of the Exchange
of the Class B Units by delivery of shares of Common Stock which are held in the treasury of the Corporation or are held by the
Company or any of their subsidiaries or by delivery of purchased shares of Common Stock (which may or may not be held in the treasury
of the Corporation or held by any subsidiary thereof). The Corporation and the Company covenant that all Common Stock issued upon
an Exchange will, upon issuance, be validly issued, fully paid and non-assessable.

 

(b)
The Corporation and the Company shall at all times ensure that the execution and delivery of this Agreement by each of the Corporation
and the Company and the consummation by each of the Corporation and the Company of the transactions contemplated hereby (including
without limitation, the issuance of the Common Stock) have been duly authorized by all necessary corporate or limited liability
company action, as the case may be, on the part of the Corporation and the Company, including, but not limited to, all actions
necessary to ensure that the acquisition of shares of Common Stock pursuant to the transactions contemplated hereby, to the fullest
extent of the Corporation’s board of directors’ power and authority and to the extent permitted by law, shall not
be subject to any “moratorium,” “control share acquisition,” “business combination,” “fair
price” or other form of anti-takeover laws and regulations of any jurisdiction that may purport to be applicable to this
Agreement or the transactions contemplated hereby.

 

    	4

     

    

 

(c)
The Corporation agrees that shares of Common Stock to be issued and delivered in connection with an Exchange shall have been registered
under the Securities Act. In the event that any Exchange in accordance with this Agreement is to be effected at a time when any
required registration has not become effective or otherwise is unavailable, the Corporation and the Company shall promptly take
all actions necessary to register the Common Stock to be delivered in connection with the Exchange under the Securities Act. The
Corporation and the Company shall list the Common Stock required to be delivered upon exchange prior to such delivery upon each
national securities exchange or inter-dealer quotation system upon which the outstanding Common Stock may be listed or traded
at the time of such delivery.

 

ARTICLE
III

 

SECTION
3.1. Additional Class B Unitholders. To the extent a Class B Unitholder validly transfers any or all of such holder’s
Class B Units to another person in a transaction in accordance with, and not in contravention of, the Company Operating Agreement
or any other agreement or agreements with the Corporation or any of its subsidiaries to which a transferring Class B Unitholder
may be party, then such transferee (each, a “Permitted Transferee”) shall have the right to execute and deliver
a joinder to this Agreement, substantially in the form of Exhibit B hereto, whereupon such Permitted Transferee shall become a
Class B Unitholder hereunder. To the extent the Company issues Class B Units in the future, the Company shall be entitled, in
its sole discretion, to make any holder of such Class B Units a Class B Unitholder hereunder through such holder’s execution
and delivery of a joinder to this Agreement, substantially in the form of Exhibit B hereto.

 

SECTION
3.2. Addresses and Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing
and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in person, by courier service, by fax,
by electronic mail (delivery receipt requested) or by registered or certified mail (postage prepaid, return receipt requested)
to the respective parties at the following addresses (or at such other address for a party as shall be as specified in a notice
given in accordance with this Section 3.2):

 

(a)
If to the Corporation, to:

 

Verb
Technology Company, Inc.

2210
Newport Boulevard, Suite 200

Newport
Beach, California 92663

E-mail:
rory@verb.tech

Attention:
Rory Cutaia

 

(b)
If to the Company, to:

 

Verb
Acquisition Co., LLC

c/o
Verb Technology Company, Inc.

2210
Newport Boulevard, Suite 200

Newport
Beach, California 92663

E-mail:
rory@verb.tech

Attention:
Rory Cutaia

 

    	5

     

    

 

(c)
If to any Class B Unitholder, to the address and other contact information set forth in the records of the Company from time to
time.

 

SECTION
3.3. Further Action. The parties shall execute and deliver all documents, provide all information and take or refrain from
taking action as may be necessary or appropriate to achieve the purposes of this Agreement.

 

SECTION
3.4. Binding Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent
permitted by this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns.

 

SECTION
3.5. Severability. If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being
enforced by any rule of law, or public policy, all other conditions and provisions of this Agreement shall nevertheless remain
in full force and effect so long as the economic or legal substance of the transactions is not affected in any manner materially
adverse to any party. Upon a determination that any term or other provision is invalid, illegal or incapable of being enforced,
the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally
contemplated to the fullest extent possible.

 

SECTION
3.6. Amendment. The provisions of this Agreement may be amended only by the affirmative vote or written consent of each
of (i) the Corporation, (ii) the Company, and (iii) all of the Class B Unitholders.

 

SECTION
3.7. Waiver. No failure by any party to insist upon the strict performance of any covenant, duty, agreement or condition
of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach
of any other covenant, duty, agreement or condition.

 

SECTION
3.8. Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)
The parties hereby agree that any suit, action or proceeding seeking to enforce any provision
of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby, whether
in contract, tort or otherwise, shall be brought in any state or federal court of competent jurisdiction in the state of nevada.
Each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom)
in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may
now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit,
action or proceeding which is brought in any such court has been brought in an inconvenient form. Service of process, summons,
notice or other document by registered mail to the address set forth in Section 3.2 shall be effective service of process
for any suit, action or other proceeding brought in any such court.

 

    	6

     

    

 

(b)
Each party, for itself and its affiliates, hereby irrevocably and unconditionally waives to the fullest extent permitted by applicable
law all right to trial by jury in any suit, action or proceeding SEEKING TO ENFORCE ANY PROVISION OF, OR BASED ON ANY MATTER ARISING
OUT OF OR IN CONNECTION with, THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, whether IN contract, tort or otherwise.

 

SECTION
3.9. Counterparts. This Agreement may be executed and delivered (including by facsimile transmission or by e-mail delivery
of a “.pdf” format data file) in one or more counterparts, and by the different parties hereto in separate counterparts,
each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one
and the same agreement. Copies of executed counterparts transmitted by telecopy, by e-mail delivery of a “.pdf” format
data file or other electronic transmission service shall be considered original executed counterparts for purposes of this Section
3.9.

 

SECTION
3.10. Tax Treatment. This Agreement shall be treated as part of the partnership agreement of the Company as described in
Section 761(c) of the Code and Sections 1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations promulgated thereunder.
As required by the Code and the Treasury Regulations, the parties shall report any Exchange consummated hereunder as a taxable
sale of the Class B Units by a Class B Unitholder to the Corporation, and no party shall take a contrary position on any income
tax return, amendment thereof or communication with a taxing authority unless an alternate position is permitted under the Code
and Treasury Regulations and the Corporation consents in writing, such consent not to be unreasonably withheld, conditioned, or
delayed. Further, in connection with any Exchange consummated hereunder, the Company and/or the Corporation shall provide the
exchanging Class B Unitholder with all reasonably necessary information to enable the exchanging Class B Unitholder to file its
income Tax returns for the taxable year that includes the Exchange, including information with respect to Code Section 751 assets
(including relevant information regarding “unrealized receivables” or “inventory items”) and Section 743(b)
basis adjustments as soon as practicable and in all events within 60 days following the close of such taxable year (and use commercially
reasonable efforts to provide estimates of such information within 90 days of the applicable Exchanges).

 

SECTION
3.11. Withholding. The Corporation and the Company shall be entitled to deduct and withhold from any payment made to a
Class B Unitholder pursuant to any Exchange consummated under this Agreement all Taxes that each of the Corporation and the Company
is required to deduct and withhold with respect to such payment under the Code (or any other provision of applicable law), including,
without limitation, Section 1446(f) of the Code. The Company may at its sole discretion reduce the Common Stock issued to a Class
B Unitholder in an Exchange in an amount that corresponds to the amount of the required withholding described in the immediately
preceding sentence and all such amounts shall be treated as having been paid to such Class B Unitholder.

 

    	7

     

    

 

SECTION
3.11. Specific Performance. The parties hereto agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the parties shall be entitled to specific performance of the terms and provisions hereof, in addition to any other remedy
to which they are entitled at law or in equity.

 

SECTION
3.12. Independent Nature of Class B Unitholders’ Rights and Obligations. The obligations of each Class B Unitholder
hereunder are several and not joint with the obligations of any other Class B Unitholder, and no Class B Unitholder shall be responsible
in any way for the performance of the obligations of any other Class B Unitholder hereunder. The decision of each Class B Unitholder
to enter into to this Agreement has been made by such Class B Unitholder independently of any other Class B Unitholder. Nothing
contained herein, and no action taken by any Class B Unitholder pursuant hereto, shall be deemed to constitute the Class B Unitholders
as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Class B Unitholders
are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated hereby. The Corporation
acknowledges that the Class B Unitholders are not acting in concert or as a group, and the Corporation will not assert any such
claim, with respect to such obligations or the transactions contemplated hereby.

 

SECTION
3.13. Applicable Law. This Agreement shall be governed by, and construed in accordance with, the law of the State of Nevada,
without regards to its principles of conflicts of laws.

 

[Remainder
of Page Intentionally Left Blank]

 

    	8

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered, all as of the date first set forth
above.

 

	 	VERB
    TECHNOLOGY COMPANY, INC.
	 	 
	 	By:	/s/
    Rory Cutaia
	 	 	Rory
    Cutaia, President and CEO

 

	 	VERB
    ACQUISITION CO., LLC
	 	 
	 	By:	/s/
    Rory Cutaia
	 	 	Rory
    Cutaia, President and CEO

 

	 	CORVUS
    INTERNATIONAL, INC.
	 	 
	 	By:	/s/
    Steve Deverall     
	 	 	Steve
    Deverall, President

 

	 	THE
    H2 MANAGEMENT CORP
	 	 
	 	By:	/s/
    Brook Harker    
	 	 	Brook
    Harker

 

	 	ECLIPSE
    ENTERPRISES AND MANAGEMENT, INC.
	 	 
	 	By:	/s/
    James Norton   
	 	 	James
    Norton, President

 

	 	KESTREL
    MANAGEMENT, INC.
	 	 
	 	By:	/s/
    Jordan Erickson
	 	 	Jordan
    Erickson, President

 

	 	/s/
    Ben Mosbarger
	 	Ben
    Mosbarger

 

	 	/s/
    Jason Etherington
	 	Jason
    Etherington

 

	 	/s/
    Nate Babbel
	 	Nate
    Babbel

 

[Signature
Page – Exchange Agreement]

 

    	 

     

    

 

EXHIBIT
A

 

[FORM
OF]

ELECTION
OF EXCHANGE

 

Verb
Technology Company, Inc.

2210
Newport Boulevard, Suite 200

Newport
Beach, California 92663

E-mail:
rory@verb.tech

Attention:
Rory Cutaia

 

Verb
Acquisition Co., LLC

c/o
Verb Technology Company, Inc.

2210
Newport Boulevard, Suite 200

Newport
Beach, California 92663

E-mail:
rory@verb.tech

Attention:
Rory Cutaia

 

Reference
is hereby made to the Exchange Agreement, dated as of September 4, 2020 (the “Exchange Agreement”), by and
among Verb Acquisition Co., LLC, a Nevada limited liability company (the “Company”), Verb Technology Company
Inc., a Nevada corporation (the “Corporation”), and each of the Class B Unitholders from time to time party
thereto. Capitalized terms used but not defined herein shall have the meanings given to them in the Exchange Agreement.

 

The
undersigned Class B Unitholder hereby transfers to the Corporation, for the account of the Company, the number of Class B Units
set forth below in exchange for shares of Common Stock to be issued in its name as set forth below, as set forth in the Exchange
Agreement.

 

	Legal
    Name of Class B Unitholder: 	 
	 	 
	Address:	 
	 	 
	 	
	 	 
	Number
    of Class B Units to be exchanged:	 

 

The
undersigned hereby represents and warrants that (i) the undersigned has full legal capacity to execute and deliver this Election
of Exchange and to perform the undersigned’s obligations hereunder; (ii) this Election of Exchange has been duly executed
and delivered by the undersigned and is the legal, valid and binding obligation of the undersigned enforceable against it in accordance
with the terms hereof, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally
and the availability of equitable remedies; (iii) the Class B Units subject to this Election of Exchange are being transferred
to the Corporation free and clear of any pledge, lien, security interest, encumbrance, equities or claim; and (iv) no consent,
approval, authorization, order, registration or qualification of any third party or with any court or governmental agency or body
having jurisdiction over the undersigned or the Class B Units subject to this Election of Exchange is required to be obtained
by the undersigned for the transfer of such Class B Units to the Corporation.

 

The
undersigned hereby irrevocably constitutes and appoints any officer of the Corporation or of the Company as the attorney of the
undersigned, with full power of substitution and resubstitution in the premises, to do any and all things and to take any and
all actions that may be necessary to transfer to the Corporation, for the account of the Company, the Class B Units subject to
this Election of Exchange and to deliver to the undersigned the shares of Common Stock to be delivered in exchange therefor.

 

    	 

     

    

 

IN
WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Election of Exchange to be executed and delivered
by the undersigned or by its duly authorized attorney.

 

	 	 	 
	 	Name:	___________________________________
	 	Dated:	___________________________________

 

    	 

     

    

 

EXHIBIT
B

 

[FORM
OF]

JOINDER
AGREEMENT

 

This
Joinder Agreement (this “Joinder Agreement”) is a joinder to the Exchange Agreement, dated as of September
4, 2020 (the “Exchange Agreement”), by and among Verb Acquisition Co., LLC, a Nevada limited liability company
(the “Company”), Verb Technology Company, Inc., a Nevada corporation (the “Corporation”),
and each of the Class B Unitholders from time to time party thereto. Capitalized terms used but not defined in this Joinder Agreement
shall have their meanings given to them in the Exchange Agreement. This Joinder Agreement shall be governed by, and construed
in accordance with, the law of the State of Nevada. In the event of any conflict between this Joinder Agreement and the Exchange
Agreement, the terms of this Joinder Agreement shall control.

 

The
undersigned hereby joins and enters into the Exchange Agreement having acquired Class B Units in the Company. By signing and returning
this Joinder Agreement to the Corporation, the undersigned accepts and agrees to be bound by and subject to all of the terms and
conditions of and agreements of a Class B Unitholder contained in the Exchange Agreement, with all attendant rights, duties and
obligations of a Class B Unitholder thereunder. The parties to the Exchange Agreement shall treat the execution and delivery hereof
by the undersigned as the execution and delivery of the Exchange Agreement by the undersigned and, upon receipt of this Joinder
Agreement by the Corporation and by the Company, the signature of the undersigned set forth below shall constitute a counterpart
signature to the signature page of the Exchange Agreement.

 

	Name:
    		 

 

	Address
    for Notices:	 	With
    copies to:
	 	 	 
		 	
	 	 	 
		 	
	 	 	 
		 	
	 	 	 
	Attention:

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