SEC Contract Filing

Filing Date: 2021-09-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>9
<FILENAME>ea146879ex10-6_rumbleoninc.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT, DATED AUGUST 31, 2021, BETWEEN PETER LEVY AND RUMBLEON, INC
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.6</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXECUTIVE EMPLOYMENT AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(RUMBLEON, INC.)</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This EXECUTIVE EMPLOYMENT
AGREEMENT (this &ldquo;<B><I>Agreement</I></B>&rdquo;) dated as of August 31, 2021, is entered by and between RumbleOn, Inc., an Nevada
corporation (the &ldquo;<B><I>Company</I></B>&rdquo;), and Peter Levy (&ldquo;<B><I>Executive</I></B>&rdquo;) and will be effective as
of the Closing of the Transaction (each as defined below) (the &ldquo;<B><I>Effective Date</I></B>&rdquo;). Each of the Company and Executive
are a &ldquo;<B><I>Party</I></B>,&rdquo; and collectively, they are the &ldquo;<B><I>Parties</I></B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, RumbleOn, Inc., along
with its wholly owned subsidiaries, has entered into an Agreement and Plan of Merger and Equity Purchase Agreement, as of the date hereof
(the &ldquo;<B><I>Merger Agreement</I></B>&rdquo; and the transactions contemplated thereby the &ldquo;<B><I>Transaction</I></B>&rdquo;),
by which the Company (together with its subsidiaries, including its Acquired Companies through the Transaction, the <B>&ldquo;<I>Companies</I>&rdquo;</B>)
shall be the surviving corporation as of the closing of the Transaction (the &ldquo;<B><I>Closing</I></B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company&rsquo;s
willingness to enter into the Merger Agreement and close the Transaction is conditioned on Executive&rsquo;s agreement to the terms set
forth herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, as part of the Transaction,
Executive, Peter Levy, shall receive acceleration of Executive's performance RSUs issued in January 2020 and an additional 30,000 shares
of RSUs; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company wishes
to employ, and/or continue to employ Executive as of the Effective Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Executive wishes
to be employed and/or continue to be employed by the Company as of the Effective Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW THEREFORE, in consideration
of the mutual covenants and mutual benefits set forth herein and other good and valuable consideration, the receipt and sufficiency of
which is acknowledged, the Company and Executive agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1. Representations
and Warranties.</B> Executive represents and warrants to the Company that Executive is not bound by any restrictive covenants or other
obligations or commitments of any kind that would in any way prevent, restrict, hinder or interfere with Executive&rsquo;s acceptance
of employment under the terms and conditions set forth herein or the performance of all duties and services hereunder to the fullest extent
of Executive&rsquo;s ability and knowledge. Executive understands and acknowledges that Executive is not expected or permitted to use
or disclose confidential information belonging to any prior employer in the course of performing Executive&rsquo;s duties for the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>2. Term
of Employment; Contingencies.</B> As of the Effective Date, the Company will employ Executive and Executive accepts employment by the
Company on the terms and conditions herein contained for a period (the &ldquo;<B><I>Employment Period</I></B>&rdquo;) provided in Section
5. This Agreement is contingent upon the successful closing of the Transaction. In the event that the Transaction does not close, then
this Agreement shall be null and void, and the Parties shall have no further obligations hereunder.</P>