SEC Contract Filing

Filing Date: 2019-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>tv514523_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>Subscription Agreement</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">This subscription
agreement (this &ldquo;<U>Subscription</U>&rdquo;) is dated February 22, 2019, by and between the investor identified on the signature
page hereto (the &ldquo;<U>Investor</U>&rdquo;) and Chicken Soup for the Soul Entertainment, Inc., a Delaware corporation (the
&ldquo;<U>Company</U>&rdquo;), whereby the parties agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">WHEREAS, the Company desires to sell, and
the Investor desires to purchase shares of the Company&rsquo;s 9.75% Series A cumulative redeemable preferred stock (&ldquo;Series
A Preferred Stock&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">NOW, THEREFORE, in consideration of the
mutual agreements contained herein, the parties hereto agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">1.<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Subscription</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in; text-align: justify">(a)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Investor agrees to buy and, subject to acceptance as provided below, the Company agrees to sell and issue to Investor, such
number of shares (the &ldquo;<U>Shares</U>&rdquo;) of the Series A Preferred Stock as are set forth on the signature page hereto,
for the aggregate purchase price set forth on the signature page hereto (the &ldquo;<U>Purchase Price</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in; text-align: justify">(b)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Shares have been registered pursuant to a Registration Statement on Form S-3, Registration No. 333-227596, which registration
statement (the &ldquo;<U>Registration Statement</U>&rdquo;) has been declared effective by the Securities and Exchange Commission
and is effective on the date hereof. A final prospectus supplement will be delivered as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in; text-align: justify">(c)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Company may accept this Subscription at any time for all or any portion of the Shares subscribed for by executing a
copy hereof as provided and notifying the Investor within a reasonable time thereafter. The Company has the right to reject this
subscription for the Series A Preferred Stock, in whole or in part for any reason and at any time prior to the Closing (as defined
below) thereon, notwithstanding prior receipt by the Investor of notice of acceptance of the Investor&rsquo;s subscription. In
the event the Investor&rsquo;s subscription is rejected, the Investor&rsquo;s payment will be returned from escrow promptly to
the Investor without interest or deduction and this Subscription will have no force or effect. The Shares subscribed for herein
will not be deemed issued to or owned by the Investor until one copy of this Subscription has been executed by the Investor and
countersigned by the Company and the Closing with respect to the Investor&rsquo;s subscription has occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in; text-align: justify">(d)<FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Provided that the full Purchase Price and a completed and manually executed copy of this Subscription have been tendered
and not returned in accordance with Section 2, the closing of Investor&rsquo;s purchase of the Shares shall occur on or prior to
February 22, 2019, which date may be extended by up to five business days by the Company without notice to the Investor (such date,
as may be extended, the &ldquo;<U>Closing Date</U>&rdquo;). Promptly thereafter, the Company shall cause the Shares to be delivered
to the Investor, which delivery shall be made by delivery of physical certificates to Investor, or if so