EDISON NATION INC.Securities Purchase Agreement • November 23rd, 2020 • Vinco Ventures, Inc. • Games, toys & children's vehicles (no dolls & bicycles) • Nevada
Reference is hereby made to that certain Securities Purchase Agreement, dated as of April 7, 2020 (as may hereafter be further amended or restated from time to time, the “Purchase Agreement”), made by and between Edison Nation, Inc., a Nevada corporation (the “Borrower”), and Jefferson Street Capital LLC, a New Jersey limited liability company (the “Holder”), pursuant to which Holder agreed to purchase from the Borrower, and the Borrower agreed to sell and issue to the Holder, a Convertible Promissory Note in the principal amount of $168,000.00 (the “Note”). The Holder has exercised the Mandatory Prepayment Option under Section 1.10 of the Note and the Borrower hereby acknowledges that the Mandatory Prepayment Amount (as defined in the Note) is currently owed to the Holder consisting of principal in the amount of $168,000.00, interest in the amount of $3,360.00, and a fee in the amount of $25,704.00 and, as such, the total outstanding balance under the Note equals $197,064.00 as of the
Inventory Management AgreementInventory Management Agreement • November 23rd, 2020 • Vinco Ventures, Inc. • Games, toys & children's vehicles (no dolls & bicycles) • Delaware
This Inventory Management Agreement (“Agreement”) is entered into as of the earliest Product Land Date set forth on Schedule A (the “Effective Date”) by and between the vendor identified on Schedule A (“Vendor”), and Forever 8 Fund, LLC, a limited liability company organized and existing under the laws of Delaware (“F8”). Vendor and F8 are sometimes individually referred to herein as a “Party” and collectively as the “Parties.” The owner of Vendor identified on Schedule A (“Owner”) joins this Agreement for the limited purposes described in the Agreement.
