SEC Contract Filing

Filing Date: 2022-05-13

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.2</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WARRANT
EXERCISE AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
<B>WARRANT EXERCISE AGREEMENT</B> (the &ldquo;<B>Agreement</B>&rdquo;), dated as of May 12, 2022, is made by and between Vinco Ventures,
Inc., a Nevada corporation, with headquarters located at 6 North Main Street, Fairport, NY 14450 (the &ldquo;<B>Company</B>&rdquo;),
and CVI Investments, Inc. (the &ldquo;<B>Holder</B>&rdquo;). Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings set forth in the Series A September 2021 Warrants (as defined below).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
Pursuant to that certain Warrant Exercise Agreement dated as of September 1, 2021 by and between the Company and the investor named therein
(as amended, the &ldquo;<B>September 2021 WEA</B>&rdquo;), the Company sold Series A Warrants, each representing the right to acquire
shares of Common Stock at an initial exercise price of $9.00 (the &ldquo;<B>Existing Series A September 2021 Exercise Price</B>&rdquo;),
subject to adjustments as provided therein and herein (collectively, as amended, including pursuant to the terms hereof, the &ldquo;<B>Series
A September 2021 Warrants</B>&rdquo;),</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
Pursuant to the terms and conditions set forth herein, the Company and the Holder desire: (i) to adjust the Existing Series A September
2021 Exercise Price to the Adjusted Series A September 2021 Exercise Price (as defined herein), subject to further adjustments as provided
therein and herein, pursuant to Section 2(e) of the Series A September 2021 Warrants and (ii) for the Holder to exercise on the Closing
Date such number of Series A September 2021 Warrants set forth on the signature page attached hereto (the &ldquo;<B>Exercised Warrants</B>&rdquo;)
representing the right to acquire shares (the &ldquo;<B>Exercised Warrant Shares</B>&rdquo;) of Common Stock.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW
THEREFORE</B>, in consideration of the foregoing mutual premises and the covenants and agreements hereinafter set forth, and for other
good and valuable consideration, the receipt, and legal adequacy of which is hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:</FONT></P>

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 <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase; width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none">1.</FONT></TD>
 <TD STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; text-transform: uppercase"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: none"><U>AMENDMENT
 AND CASHLESS EXERCISE OF SERIES A SEPTEMBER 2021 WARRANTS</U>. </FONT></TD></TR>
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