SEC Contract Filing

Filing Date: 2020-04-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TRUST
THINK, LLC WHOLESALE DISTRIBUTION AGREEMENT</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
AGREEMENT, effective upon the date the agreement is executed, between Trust Think, LLC a Division of Think, LLC, a
corporation with its main business office at 8997 Commerce Dr., De Soto, KS 66018, hereinafter called &ldquo;Company,&rdquo;
and Digital Ally, Inc, a Nevada Corporation with its main business office at 9705 Loiret Blvd, Lenexa, KS 66219, hereinafter
called &ldquo;DISTRIBUTOR.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3pt; text-align: justify; text-indent: -0.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Company manufactures and distributes Danolyte Global, LLC., &ldquo;Danolyte&rdquo;, products for commercial use under various
brands; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Company desires that Distributor act in connection with the servicing, promotion, and sale of those Danolyte products listed in
<U>Attachment A</U> (&ldquo;Products&rdquo;), which attachment Company may modify, with written notice to Distributor, from time
to time, and Distributor desires to so act;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 24.85pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, Company, in consideration of certain agreements hereinafter set forth and to be performed by Distributor, hereby engages
non-exclusively to market, promote, and sell Company&rsquo;s Danolyte (&ldquo;Products&rdquo;) to First Responder and Commercial
customers; list will be provided to Company in electronic format. Company will protect Digital Ally, Inc. for any and all customers
provided hereby. If any other Representative solicits or sells to any customer on this protected list Company agrees to notify
such Representative of such violation and to cease and desist all such activities. All Customers must be agreed upon by Distributor
and Company in writing, by email, facsimile, or other verifiable communication. Distributor shall present Products to Customers
whenever applicable and appropriate, arrange meetings with Customers on behalf of Company and may, upon Company&rsquo;s request
and at Distributor&rsquo;s discretion, introduce Company or Company&rsquo;s agent to Customer and/or assist Company with development
of Products. ( See attachment B for Customer &lsquo;MRP&rsquo;, minimum retail price requirements.)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 0.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
parties mutually agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Term.</U> This Agreement shall have an initial term beginning on the Effective Date and ending One (1) year thereafter. Thereafter,
the Agreement shall automatically renew for successive additional terms of one year each unless Company or Distributor provides
written notice of non-renewal at least thirty (30) days prior to the expiration of the then current term. Notwithstan