<SEC-DOCUMENT>0001213900-20-033739.txt : 20201028
<SEC-HEADER>0001213900-20-033739.hdr.sgml : 20201028
<ACCEPTANCE-DATETIME>20201028171943
ACCESSION NUMBER:		0001213900-20-033739
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20201022
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20201028
DATE AS OF CHANGE:		20201028

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LiveXLive Media, Inc.
		CENTRAL INDEX KEY:			0001491419
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				980657263
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38249
		FILM NUMBER:		201269619

	BUSINESS ADDRESS:	
		STREET 1:		9200 SUNSET BOULEVARD
		STREET 2:		SUITE #1201
		CITY:			WEST HOLLYWOOD
		STATE:			CA
		ZIP:			90069
		BUSINESS PHONE:		(310) 601-2500

	MAIL ADDRESS:	
		STREET 1:		9200 SUNSET BOULEVARD
		STREET 2:		SUITE #1201
		CITY:			WEST HOLLYWOOD
		STATE:			CA
		ZIP:			90069

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LOTON, CORP
		DATE OF NAME CHANGE:	20100507
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ea129027-8k_livexlivemedia.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Washington,
D.C. 20549</B></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
of Report (Date of earliest event reported): October 22, 2020</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Exact
name of registrant as specified in its charter)</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>001-38249</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>98-0657263</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State
    or other jurisdiction<BR>
    of incorporation)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission
    File&nbsp;Number)</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(I.R.S.
    Employer<BR>
    Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9200
Sunset Boulevard, Suite #1201</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>West
Hollywood, CA 90069</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Address
of principal executive offices) (Zip Code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>(310)&nbsp;601-2500</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Registrant&rsquo;s
telephone number, including area code)</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Former
name or former address, if changed since last report.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written
    communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
    material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
    communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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: 0pt 0; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Securities
registered pursuant to Section 12(b) of the Act:</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Title
    of each class</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Trading
    Symbol(s)</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 32%; border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    of each exchange on which registered</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCECFF">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Common
    stock, $0.001 par value per share</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LIVX</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>The
    NASDAQ Capital Market</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><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: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><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: 0pt 0 0pt 319.5pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Emerging
growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;
&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
1.01 Entry into a Material Definitive Agreement.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in; background-color: white">On
October 22, 2020, LiveXLive Media, Inc. (the &ldquo;Company&rdquo;) entered into a binding letter of intent (the &ldquo;Agreement&rdquo;)
with Custom Personalization Solutions, LLC (d/b/a CPS), a Delaware limited liability company (&ldquo;CPS&rdquo;). At the closing
of the transactions contemplated under the Agreement (the &ldquo;Closing&rdquo;), the Company or its acquisition subsidiary will
acquire 100% of the issued and outstanding membership interests of CPS (the &ldquo;Acquisition&rdquo;), and following the Acquisition,
CPS will continue as a standalone wholly owned subsidiary of the Company. The Acquisition is expected to close by December 31,
2020, subject to various customary closing conditions and other conditions, including, among others, approval of the Company&rsquo;s
board of directors, satisfactory completion of the Company&rsquo;s due diligence of CPS and execution of new employment agreements
between CPS and certain of its key employees. The Parties may elect to execute a long-form definitive agreement with respect to
the Acquisition on the terms set forth in the Agreement (the &ldquo;Long-Form Agreement&rdquo;).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Founded
in 2012 and headquartered in Addison, IL, CPS is a group of fast-growing web-oriented businesses specializing in the merchandise
personalization industry. Owned and managed by top-notch partners with a combined 50 years of personalization experience, CPS
has brought together experienced team of innovators and designers to create an assortment of personalized merchandise unlike anything
in the market. CPS currently has 26 employees.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
Closing, upon satisfaction of each of the closing conditions set forth in the Agreement, the Company shall issue to the holders
of all of CPS&rsquo; issued and outstanding membership interests (the &ldquo;Sellers&rdquo;) $4,500,000 worth of shares (the &ldquo;Initial
Shares&rdquo;) of the Company&rsquo;s restricted common stock, $0.001 par value per share (the &ldquo;Common Stock&rdquo;). In
addition, the Company shall issue $1,500,000 worth of shares of its restricted Common Stock (the &ldquo;Additional Shares&rdquo;
and together with the Initial Shares, the &ldquo;Shares&rdquo;) (i) CPS reports GAAP revenue of $20,000,000 and $1,000,000 of
EBITDA for the year ended December 31, 2020, and (ii) at the closing of the Acquisition, CPS&rsquo; target working capital is
$2,700,000 (including $800,000 of cash) and CPS has no more than $1,300,000 in outstanding indebtedness. The Shares shall be priced
based on the Volume-Weighted Average Closing Price (as defined in the Agreement) and shall be subject to a lock-up period of 12
months from the closing date, such that no Shares can be sold, transferred, assigned, hypothecated, or in any way disposed of,
or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise prior to the expiration
of such period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
parties to the Agreement made certain representations, warranties and covenants that are customary for transactions of this nature
(including exclusivity), agreed to certain indemnification terms as set forth in the Agreement, and agreed to enter into certain
agreements in connection with the Acquisition. The Company and CPS have certain customary termination rights as set forth in the
Agreement, and the Agreement shall automatically terminate if the Closing has not occurred on or before December 6, 2020, unless
otherwise agreed to by the parties, or if the parties do not enter into the Long-Form Agreement by such date; provided that such
termination date shall be extended by 30 days if the parties mutually agree in writing and are engaged in good faith negotiations
regarding the Long-Form Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
can be no assurance that the Acquisition will be consummated or as to the date by which the Acquisition may be consummated, if
at all.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foregoing description is a summary only, does not purport to set forth the complete terms of the Agreement and is qualified in
its entirety by reference to the Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K (this &ldquo;Current Report&rdquo;)
and hereby incorporated by reference.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
shares of common stock to be issued by the Company in connection with the transactions contemplated by the Agreement will be issued
in a private placement that will rely upon an exemption from registration provided by Section 4(a)(2) of the Securities Act of
1933, as amended (the &ldquo;Securities Act&rdquo;), and Rule 506 of Regulation D promulgated thereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Forward-Looking
Statements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The
Company cautions you that this Current Report contains &ldquo;forward-looking statements.&rdquo;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Statements
in this Current Report that are not purely historical are forward-looking statements. These statements involve known and unknown
risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those
expressed or implied by such statements, including, without limitation, statements regarding the proposed Acquisition. These factors
include risks and uncertainties as to the Company&rsquo;s reliance on one key customer for a substantial percentage of the Company&rsquo;s
revenue; the Company&rsquo;s ability to consummate the proposed acquisition of CPS and the timing of the closing of the proposed
transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or
that the closing of the proposed acquisition will not occur; the Company&rsquo;s ability to continue as a going concern; the Company&rsquo;s
ability to attract, maintain and increase the number of its users and paid subscribers; identifying, acquiring, securing and developing
content; the Company&rsquo;s ability to successfully implement its growth strategy, including relating to its technology platforms
and applications; management&rsquo;s relationships with industry stakeholders; the outcome(s) of any legal proceedings pending
or that may be instituted against the Company and/or its subsidiaries; the Company&rsquo;s ability to generate sufficient cash
flow to make payments on its indebtedness; the effect of the global Covid-19 pandemic; changes in economic conditions; competition;
risks and uncertainties applicable to the businesses of the Company&rsquo;s subsidiaries; and other risks including, but not limited
to, those described in the Company&rsquo;s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission
(the &ldquo;SEC&rdquo;) on June 26, 2020, the Company&rsquo;s Quarterly Report on Form 10-Q, filed with the SEC on August 14,
2020, and the Company&rsquo;s other filings and submissions with the SEC. These forward-looking statements speak only as of the
date hereof and the Company disclaims any obligations to update these statements, except as may be required by law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><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: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
3.02 Unregistered Sales of Equity Securities.</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information set forth in Item 1.01 above is incorporated herein by reference.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Item&nbsp;7.01</B></FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Regulation&nbsp;FD Disclosure.</B></FONT></P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
October 27, 2020, the Company issued a press release announcing the planned Acquisition. A copy of the Company&rsquo;s press release
is attached as&nbsp;Exhibit&nbsp;99.1&nbsp;to this Current Report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information in this Item 7.01, including&nbsp;Exhibit 99.1&nbsp;attached hereto, is furnished pursuant to Item 7.01 and shall
not be deemed &ldquo;filed&rdquo; for any other purpose, including for the purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the &ldquo;Exchange Act&rdquo;), or otherwise subject to the liabilities of that Section. The information
in this Item 7.01 of this Current Report shall not be deemed incorporated by reference into any filing under the Securities Act
or the Exchange Act regardless of any general incorporation language in such filing unless specifically provided otherwise.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Item
9.01 Financial Statements and Exhibits.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><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: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)
Exhibits.</FONT></P>

<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">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 9%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit<BR>
    Number</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 1%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 90%; border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: #CCEEFF">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1*</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea129027ex10-1_livexlive.htm">Letter of Intent, dated as of October 22, 2020, by and between the Company and Custom Personalization Solutions, LLC.</A></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: transparent">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1**</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="ea129027ex99-1_livexlive.htm">Press release, dated October 28, 2020.</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Filed
    herewith.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 24px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">**</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Furnished
    herewith.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 3; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>LIVEXLIVE
    MEDIA, INC.</B></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated:
    October 28, 2020</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:
    </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 35%; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/&nbsp;<I>Robert
    S. Ellin</I></FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Robert
    S. Ellin</FONT></TD></TR>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer and <BR>
    Chairman of the Board of Directors</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">3</P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea129027ex10-1_livexlive.htm
<DESCRIPTION>LETTER OF INTENT, DATED AS OF OCTOBER 22, 2020, BY AND BETWEEN THE COMPANY AND CUSTOM PERSONALIZATION SOLUTIONS, LLC
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT><B>Exhibit
10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<IMG SRC="ex10-1_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>LIVEXLIVE
MEDIA, INC</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9200
Sunset Boulevard, Suite #1201</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">West
Hollywood, CA 90069</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 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; text-align: right; text-indent: 3in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October
22, 2020</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Custom
Personalization Solutions, LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3349
North Elston Ave</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chicago,
Ill 60618</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attn:
Scott Norman</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dear
Mr. Norman</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter of intent (this &ldquo;<U>Letter</U>&rdquo;) sets forth the terms of a proposed acquisition (the &ldquo;<U>Acquisition</U>&rdquo;)
by LiveXLive Media, Inc., a Delaware corporation (&ldquo;<U>LXL Media</U>&rdquo;), or its subsidiary (&ldquo;<U>LXL Subsidiary</U>&rdquo;
and together with LXL Media, &ldquo;<U>Buyer</U>&rdquo;), of 100% of the issued and outstanding membership interests of Custom
Personalization Solutions, LLC (the &ldquo;<U>Company</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Letter shall constitute a binding agreement and create legally enforceable obligations against the parties with respect to the
Acquisition in accordance with the terms thereof, regardless of whether the Parties later execute or fail to execute the Definitive
Agreement (as defined below). The closing of the Acquisition shall be subject to approval by the Board of Directors of Buyer and
the Company (which shall be obtained prior to execution of the Definitive Agreement) and satisfactory completion of business and
legal due diligence by Buyer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Part
I of this Letter summarizes the principal terms of the proposed Acquisition. Part II of this Letter contains certain terms, conditions
and covenants. The Parties shall fully cooperate with each other and use their reasonable best efforts to prepare, execute and
deliver a definitive agreement with respect to the Acquisition on the terms herein (the &ldquo;Definitive Agreement&rdquo;) and
all other documents necessary or desirable to effect the transactions contemplated hereunder as soon as possible and to thereafter
satisfy each of the conditions to the closing specified thereunder, subject to Section 14 of the Part II below. Buyer will prepare
the initial draft of the Definitive Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Remainder
of Page Intentionally Left Blank]</FONT></P>

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

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
I</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following paragraphs of this Letter are legally binding and enforceable agreements of Buyer, Company and Sellers.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BASIC
                                         TRANSACTION</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buyer
will acquire 100% of the issued and outstanding membership interests of the Company from the holders thereof (collectively, &ldquo;<U>Sellers</U>&rdquo;)
via a membership interest purchase agreement or a reverse triangular merger (or some other mutually agreed upon structure) in
consideration for $6,000,000 worth of LXL Media&rsquo;s shares of restricted common stock, $0.001 par value per share (the &ldquo;<U>Shares</U>&rdquo;),
subject to a working capital adjustment to be determined after diligence and subject to the below requirements (the &ldquo;<U>Purchase
Price</U>&rdquo;). The Shares shall be priced based on the Volume-Weighted Average Closing Price (as defined below) and shall
be subject to a lock-up period of 12 months from the closing date, such that no Shares can be sold, transferred, assigned, hypothecated,
or in any way disposed of, or any right or interest therein, whether voluntarily or by operation of law, or by gift or otherwise
prior to the expiration of such period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Buyer
will deliver $4,500,000 worth of Shares at closing. Buyer will deliver remaining $1,500,000 worth of Shares if (i) the Company
reports GAAP revenue of $20,000,000 and $1,000,000 of EBITDA for the year ended December 31, 2020, and (ii) at the closing of
the Acquisition, the Company&rsquo;s target working capital is $2,700,000 (including $800,000 of cash) and the Company has no
more than $1,300,000 in debt.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
closing, ten percent (10%) of the Purchase Price (the &ldquo;<U>Escrow Amount</U>&rdquo;) shall be deducted from the closing payment
and placed into an escrow account to provide a ready source of funds in the event of any adjustments and to secure the performance
of Sellers&rsquo; obligations under the Definitive Agreement. The Escrow Amount will be paid to the Sellers twelve (12) months
after the date of closing, other than amounts with respect to outstanding and bona fide indemnification claims as of the end of
such 12-month period, which amounts will be distributed when such claims have been resolved.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U>Volume-Weighted
Average Closing Price</U>&rdquo; means the volume-weighted (based on the number of shares of LXL Media&rsquo;s common stock traded
on each day that the closing price is used in this calculation) average of the closing sale prices per share of LXL Media&rsquo;s
common stock on the securities exchange or automated quotation system where LXL Media&rsquo;s common stock is then listed or quoted,
as applicable, for the ten (10) consecutive trading days ending on the last trading day immediately preceding the closing of the
Acquisition.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NON-COMPETITION
                                         AND SOLICITATION AGREEMENTS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
Definitive Agreement shall contain non-competition and non-solicitation provisions binding upon each Seller and his, her or its
affiliates and such officers and employees of the Company (subject to applicable laws and regulations and such officers and employees
completing new employment agreements) as Buyer may reasonably require (the &ldquo;<U>Restricted Parties</U>&rdquo;), pursuant
to which the Restricted Parties would agree, for the three (3) year period (in respect of Sellers&rsquo; covenants) and for the
one (1) year period (in respect of the officers and employees&rsquo; covenants) following the closing, not to be involved in any
respect with any business in direct competition with the music streaming and live music events, festival and merchandising business
of the Company and its subsidiaries (as of the closing) and not to directly or indirectly solicit, recruit or hire employees of
the Company and its subsidiaries (as of the closing) (subject to customary exceptions for general solicitation).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OTHER
                                         TERMS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company and the Sellers shall make customary and standard representations and warranties to Buyer and would provide appropriate
covenants, indemnities and other protections for the benefit of Buyer. The Sellers will provide customary representations and
warranties in a standard letter of transmittal. The survival period for non-fundamental representations and warranties shall be
twelve (12) months (or, if longer, 90 days after completion of the first audit of the Company (or surviving entity) following
the closing). The general survival period for fundamental business and operational representations and warranties would be twenty-four
(24) months. The general survival period for tax related representations and warranties would be the expiration of the applicable
statute of limitations. The Definitive Agreement will contain customary limitations on indemnification for a transaction of this
nature. The Sellers shall jointly and severally indemnify Buyer for any damages suffered by Buyer in connection with the Definitive
Agreement; <U>provided</U>, <U>however</U>, the aggregate liability of each Seller shall not exceed their respective pro rata
portion of the Purchase Price.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CONDITIONS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
parties agree to prepare and negotiate in good faith a Definitive Agreement and applicable ancillary documents which will reflect
the terms set forth in this Letter, and shall contain terms, conditions, representations, warranties, agreements, covenants and
legal opinions customary and appropriate for a transaction of the type contemplated hereunder, including, without limitation,
those set forth in this Letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
consummation by Buyer of the Acquisition would be subject to the satisfaction of the following conditions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0cm"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) satisfactory
completion of Buyer&rsquo;s due diligence regarding the Company and the Acquisition;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) receipt
of all necessary material consents and approvals of third parties;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) absence
of any material adverse change in the business, financial condition, prospects or operations of the Company (or any of its subsidiaries);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) absence
of any injunction or restraining order prohibiting the Acquisition or any portion thereof;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) accuracy
of the Company&rsquo;s and Sellers&rsquo; representations and warranties, and compliance by the Company and the Sellers of all
covenants or other obligations required to be performed or complied with by or as of the closing date, in each case except where
such inaccuracy or failure to perform or comply would not reasonably be expected to have a material adverse effect on Buyer or
the Company;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) delivery
of customary ancillary documents, including letters of transmittal, information statements, closing certificates and other documentation
as may be reasonably required by either Party or its respective counsel;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) delivery
by the Company of its historical financial statements (including, without limitation, for the years ended December 31, 2018 and
2019, and necessary interim financial statements to conform with SEC 8-K requirements, all prepared in accordance with GAAP) as
Buyer may reasonably require;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) Employment
Agreements with certain key employees which are in effect as of the closing date, in such form as reasonably satisfactory to Buyer;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) executed
amendments to applicable material contracts to the reasonable satisfaction of Buyer; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt"> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">(j)</FONT> <FONT STYLE="font: 10pt Times New Roman, Times, Serif">approval of Buyer&rsquo;s and Company&rsquo;s Board of Directors.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ACCESS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Promptly
after this Letter is signed by the Parties, Buyer will begin a due diligence review with respect to the Company in order to determine
whether or not it is willing to proceed with the Acquisition and for the purpose of enabling it to ensure that the Definitive
Agreement contains all provisions which it deems appropriate in view of the results of such investigation. Sellers and their respective
Representatives (as defined below) will, and shall cause the Company and its Representatives, cooperate with such investigation
and will provide Buyer with such access to Sellers&rsquo; and the Companies&rsquo; properties, records, and management employees
as Buyer may reasonably request. The Parties understand that, as a result of such investigation, Buyer may determine that it is
not willing to proceed with the Acquisition or that it is not willing to do so on the terms set forth in this Letter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PART
II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following paragraphs of this Letter are legally binding and enforceable agreements of Buyer, Company and Sellers.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CONFIDENTIALITY</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">Reference
is hereby made to that certain Mutual Non-Disclosure Agreement, dated ___________ (the &ldquo; <U>NDA</U>&rdquo;), by and between
the Company and Buyer, the terms of which are incorporated by reference as if set forth in full herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXCLUSIVE
                                         DEALING</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company and their respective Representatives each acknowledges that the Buyer will be required to spend substantial time and effort
in conducting due diligence and may incur substantial fees and expenses in connection with such due diligence efforts, the preparation
of the Definitive Agreement, and related matters. Accordingly, for a period from and after the date of this Letter is executed
by all Parties (the &ldquo;<U>Execution Date</U>&rdquo;) and ending on the earlier of (i) the date that is forty-five (45) days
from the Execution Date, provided that such forty-five (45) day period shall be extended for thirty (30) days if the Parties mutually
agree in writing and are engaged in good faith negotiations regarding the Definitive Agreement (the &ldquo;<U>Exclusivity Period</U>&rdquo;),
(ii) the Termination Date (as defined in Section 15 below), or (iii) the execution and delivery of the Definitive Agreement between
the Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) During
the Exclusivity Period the Company, Sellers nor any of their respective employees, officers, directors, shareholders, affiliates,
agents or representatives nor their respective employees, officers, directors, shareholders, affiliates, agents or representatives
(collectively, the &ldquo;<U>Representatives</U>&rdquo;) will, directly or indirectly, through any director, officer, agent, financial
adviser, third party or otherwise, solicit or entertain offers from, negotiate with or enter into any discussions or negotiations
with respect thereto with any person other than Buyer, or in any manner encourage, discuss, accept, or consider any proposal,
formal or informal, of any other person relating to the offering, sale, divestiture or acquisition of all or any portion of the
Company and/or its respective capital stock, assets or its business, whether directly or indirectly and whether through purchase,
merger, consolidation, combination or otherwise in whatever form (other than sales of inventory in the ordinary course of the
Company&rsquo;s business, as applicable) or enter into any other transaction that would preclude the consummation of the Acquisition
with Buyer consistent with the terms set forth in this Letter. The Sellers hereby agree that any action taken by any of the Representatives
of the Sellers or their respective affiliates or Representatives that would constitute a breach of this Letter if taken by any
of the Sellers or the Company, will constitute a breach of this Letter by the Sellers and the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) The
Company, will immediately notify Buyer in writing regarding any inquiry, offer, proposal or contact during the Exclusivity Period
between the Company and/or their respective Representatives and any other person regarding any such inquiry, offer, proposal or
contract or any related event, transaction or item, including the material terms thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) The
Parties shall fully cooperate with each other and use their reasonable best efforts to execute and deliver the Definitive Agreement
and all other documents necessary or desirable to effect the transactions contemplated hereunder as soon as possible and to thereafter
satisfy each of the conditions to the closing specified thereunder, subject to Section 14 of this Part II below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CONDUCT
                                         OF BUSINESS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the period from the date of this Letter until the Termination Date, Company shall continue to operate its business and maintain
in the ordinary course of business, consistent with past practice, and will refrain from any extraordinary transactions. The Company
shall (i) use Commercially Reasonable Efforts to preserve intact their respective business organization and employees and other
business relationships; (ii) maintain its respective books, records and accounts in accordance with generally accepted accounting
principles, consistent with past practice; (iii) use Commercially Reasonable Efforts to maintain its respective current financial
condition, including working capital levels; (iv) not incur any additional indebtedness or enter into any agreements to raise
capital or sell any stock of the Company; (v), file for bankruptcy or other business reorganizational activities; and (vi) not
declare or make any dividend or stock distributions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">APPROVALS;
                                         FURTHER ASSURANCES</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
the terms and subject to the conditions of this Letter, the Company, the Sellers and the Buyer shall, use their respective Commercially
Reasonable Efforts to take, or cause to be taken, all appropriate action, and to do, or cause to be done, all things necessary,
proper or advisable under applicable laws to consummate and make effective the transactions, including obtaining all waivers,
licenses, permits, consents, approvals, authorizations, qualifications and orders of any Governmental Authority and parties to
applicable contracts with the Company, and/or any subsidiaries as may be necessary for the consummation of the transactions contemplated
hereunder. In furtherance of the foregoing, the Company and the Sellers shall, use their respective Commercially Reasonable Efforts
to file, and to cause each of their respective affiliates to file in conjunction with such party, all applications, requests,
notices, consents and other filings with any applicable governmental authority or third party whose approval is required in connection
with the consummation of the Transaction. The Company and the Sellers will furnish to Buyer and its representatives such necessary
information and assistance as Buyer may reasonably request in connection with the preparation of any necessary filings or submissions
by Buyer to any governmental authority or third party in order to obtain the governmental authorizations and consents referred
to in this Letter. The Company and the Sellers will use their Commercially Reasonable Efforts to do and perform, or cause to be
done and performed, all such further acts and things and shall prepare, execute and deliver the Financial Statements and all such
other agreements, certificates, instruments or documents as Buyer may reasonably request in order to carry out the intent and
purposes of this Letter and the consummation of the transactions contemplated hereby. &ldquo;Commercially Reasonable Efforts&rdquo;
means the reasonable best efforts that a reasonably prudent person would, at the time of executing this Letter, contemplate using
in similar circumstances in an effort to achieve the applicable desired result set forth in this Letter in a reasonably expeditious
manner.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DISCLOSURE</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Except
as and to the extent required by law, without the prior written consent of the other Party, none of Buyer, the Company or the
Sellers will make, and will direct their respective Affiliates not to make, directly or indirectly, any public comment, statement,
announcement or communication with respect to, or otherwise to disclose or to permit the disclosure of the existence, the execution
or the terms of this Letter, nature of discussions regarding this Letter or the transactions contemplated hereunder, the fact
that a possible transaction between the Parties or any of the terms, conditions, status or other aspects of the transaction proposed
in or contemplated by this Letter. The Company acknowledges that LXL Media will have reporting obligations with respect to the
execution of this Letter as required by Form 8-K promulgated under the Securities Exchange Act of 1934, as amended. If Buyer,
the Company or the Sellers are required by law to make any such disclosure, such person must first provide to the other party
reasonable prior notice of the content of the proposed disclosure, the reasons that such disclosure is required by law, and the
time and place that the disclosure will be made. Buyer and the Company shall, and the Company shall cause the Sellers to, use
their respective best efforts to cooperate with the other party, to allow the other party to seek non-disclosure of such information.
In the event Buyer, the Company or the Sellers, as applicable, is required to disclose such information, it shall disclose no
more than what is legally required.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COSTS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">Buyer,
the Company and the Sellers will each be responsible for and bear all of their respective costs and expenses (including any broker&rsquo;s
or finder&rsquo;s fees and the expenses of its representatives and agents) incurred at any time in connection with this Letter
and pursuing or consummating the Acquisition, whether or not the transactions contemplated here are consummated.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ENTIRE
                                         AGREEMENT</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">This
Letter, together with NDA, constitute the entire agreement among the Parties, and supersede all prior oral or written agreements,
understandings, representations and warranties, and courses of conduct and dealing between the Parties on the subject matter hereof.
This Letter may be amended or modified only by a writing executed by the Parties.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GOVERNING
                                         LAW; JURISDICTION: SERVICE OF PROCESS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
Letter will be governed by and construed under the laws of the State of Delaware without regard to conflicts of laws principles.
Any action or proceeding seeking to enforce any provision of, or based on any right arising out of, this Letter may be brought
against a Party in the courts of the State of Delaware, or, if such Party has or can acquire jurisdiction, in the United States
District Court for the State of Delaware, and each Party consents to the jurisdiction of such courts (and of the appropriate appellate
courts) in any such action or proceeding and waives any objection to venue laid therein. Process in any action or proceeding referred
to in the preceding sentence may be served on any Party anywhere in the world.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">TERMINATION</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">This
Letter and the obligations of the Parties hereunder will automatically terminate the next day after the Exclusivity Period (unless
otherwise mutually determined by the Parties in writing prior thereto), and may be terminated (i) prior thereto only by Buyer
at any time, for any reason or no reason, upon written notice to the company, and (ii) after the Exclusivity Period by any Party,
for any reason or no reason, with or without cause, at any time (such date in clause (i) or (ii) being referred to herein as the
&ldquo;<U>Termination Date</U>&rdquo;). Upon termination of this Letter agreement the Parties will have no further obligations
hereunder except as stated in Sections 6, 7 and 10 through 17 (inclusive) of this Letter, which will survive any such termination;
provided, however, that the termination of this Letter will not affect the liability of a Party for any breach of this Letter
prior to the termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEVERABILITY.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
any provision of this Letter is determined to be illegal, invalid, or unenforceable, then such determination does not affect the
legality, validity, or enforceability of the other provisions of this Letter, all of which remain in full force and effect. Each
of the Parties agrees that in the event of any such determination the Parties will negotiate to modify this Letter so as to effect
the original intent of the Parties as close as possible to the fullest extent permitted by applicable law.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PREVAILING
                                         PARTY.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><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; text-align: justify; text-indent: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
any litigation or other court action, arbitration or similar adjudicatory proceeding is commenced by any Party to enforce its
rights under this Letter against the other Party, all fees, costs and expenses, including, without limitation, reasonable attorneys&rsquo;
fees and court costs, incurred by the prevailing Party in such litigation, action, arbitration or proceeding shall be reimbursed
by the losing Party.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 0"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; width: .5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COUNTERPARTS</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">This
Letter may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Letter and all
of which, when taken together, will be deemed to constitute one and the same agreement (facsimile signatures will have the same
effect as originals).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in"><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; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[<I>Signature
Page Follows</I>]</FONT></P>

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


<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->-&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: .5in">&nbsp;</P>

<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">If
you are in agreement with the foregoing, please sign and return one copy of this Letter on or before ____, 2020, which thereupon
will constitute our agreement with respect to its subject matter.</FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">Very truly yours,</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: left">LiveXLive Media, Inc.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: left; width: 5%"><FONT STYLE="font-style: normal; font-weight: normal">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font-style: italic; text-align: left; width: 35%">/s/ Jerome N. Gold</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left">Jerome N. Gold</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Chief Strategy Officer</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Duly
executed and agreed to on October 22, 2020:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><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; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Custom
Personalization Solutions, LLC</B></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 5%; font-style: italic; text-align: left"><FONT STYLE="font-style: normal; font-weight: normal">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; width: 35%; font-style: italic; text-align: left"> /s/ Scott Norman</TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Name:</TD>
    <TD STYLE="text-align: left"> Scott Norman</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">Title:</TD>
    <TD STYLE="text-align: left">Authorized Signatory</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ea129027ex99-1_livexlive.htm
<DESCRIPTION>PRESS RELEASE, DATED OCTOBER 28, 2020
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
99.1</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><IMG SRC="ex99-1_001.jpg" ALT="">&nbsp;</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>LIVEXLIVE
TO ACQUIRE E-COMMERCE MERCHANDISE COMPANY </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CUSTOM
PERSONALIZATION SOLUTIONS; </B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>CPS
RECORDED APPROXIMATELY $19 MILLION IN REVENUE IN 2019</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>After
Successful Acquisition of PodcastOne, CPS Acquisition Is Expected to Expand and Diversify Revenue and to Be Accretive to EBITDA</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: #FEFEFE"><B>Global
Licensed Merchandise Market to Reach $400 Billion by 2023</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Los
Angeles, CA, October 27, 2020</B> &ndash; LiveXLive Media, Inc. (Nasdaq: LIVX) (&ldquo;LiveXLive&rdquo;), a global platform for
livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, announced
today that it has signed a binding Letter of Intent to acquire 100% of the membership interests of Custom Personalization Solutions,
LLC (&ldquo;CPS&rdquo;) in an all stock deal.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">The
transaction is valued up to $6 million, subject to a working capital adjustment. The proposed acquisition is expected to close
by December 31, 2020, subject to customary and other closing conditions.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Founded
in 2012 and headquartered in Addison, IL, CPS is a group of fast-growing web-oriented businesses specializing in the merchandise
personalization industry. Owned and managed by top-notch partners with a combined 50 years of personalization experience, CPS
has brought together its &ldquo;Dream Team&rdquo; of innovators and designers to create an assortment of personalized merchandise
unlike anything in the market. CPS currently has 70 plus full-time employees</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">With
the planned acquisition, LiveXLive will partner with the music and entertainment industry, as well as stars who have massive social
media and marketing reach, to create and distribute unique and limited edition personalized clothing, jewelry, toys as well as
virtual goods. Digital and physical distribution of merchandise is mainly online, but will also include numerous big-box retailers,
like Walmart, which further opens up promotional and marketing opportunities for LiveXLive and its partners.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;The
global licensed merchandise market is expected to reach $400 billion by 2023. This acquisition presents an immense opportunity
for LiveXLive to leverage its audience, platform and artist and entertainment industry relationships to add commerce and specialized
consumer product revenues to our music stack and help drive the transaction components of our flywheel business model,&rdquo;
said Robert Ellin, CEO and Chairman of LiveXLive. &ldquo;By integrating social commerce into our live and original content, we
intend to fulfill superfans dreams with personalized merchandise from their favorite artists and shows, directly to the consumer.&rdquo;&nbsp;</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&ldquo;The
worlds of custom merchandise, real time fulfillment and social commerce driven by celebrity and influencers have collided to create
a perfect storm. LiveXLive represents the perfect partner for us to take advantage of this next wave,&rdquo; said Scott Norman,
CEO of CPS.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LiveXLive&rsquo;s
operating performance and consumer reach are showing impressive growth across virtually all meaningful performance metrics.
The company continues to drive compelling original content, including pay-per-view (&ldquo;PPV&rdquo;) events, new
artist-driven format and tentpoles, like LiveXLive&rsquo;s recently announced The Lockdown Awards, across both LiveXLive and
PodcastOne. The opportunity is expanding to monetize the company&rsquo;s content multiple times and in multiple ways across
numerous platforms, including carriers, automobiles, and OTT.</FONT></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">LiveXLive
has the first talent-centric platform focused on superfans and building long-term franchises in audio music, podcasting, OTT linear
channels, PPV, and livestreaming. Its model includes multiple monetization paths including subscription, advertising, sponsorship,
merchandise sales, licensing &nbsp;and ticketing. The company&rsquo;s wholly-owned subsidiary, PodcastOne, generates more than 2 billion
downloads annually across more than 300 podcasts. LiveXLive recently raised revenue guidance for its 2021 fiscal year based on
strength in its core businesses.</FONT></P>

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

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

<P STYLE="font: 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: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>About
LiveXLive Media, Inc.</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Headquartered
in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the &ldquo;Company&rdquo;) (pronounced Live &ldquo;by&rdquo; Live)
is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive,
has streamed over 1400 artists since January 2020 and has become a go-to partner for the world&rsquo;s top artists and celebrities,
as well as music festivals concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced
its first 48-hour music festival called &ldquo;Music Lives&rdquo; with tremendous success,which earned over 50 million views and
over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive&rsquo;s library of global events, video-audio podcasts
and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and
social channels. The Company&rsquo;s wholly-owned subsidiary, PodcastOne, generates more than 2.1 billion downloads annually across
more than 300 podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at
@livexlive, and YouTube.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>Forward-Looking
Statements</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">All
statements other than statements of historical facts contained in this press release are &ldquo;forward-looking statements,&rdquo;
which may often, but not always, be identified by the use of such words as &ldquo;may,&rdquo; &ldquo;might,&rdquo; &ldquo;will,&rdquo;
&ldquo;will likely result,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;estimate,&rdquo; &ldquo;plan,&rdquo; &ldquo;project,&rdquo;
&ldquo;forecast,&rdquo; &ldquo;intend,&rdquo; &ldquo;expect,&rdquo; &ldquo;anticipate,&rdquo; &ldquo;believe,&rdquo; &ldquo;seek,&rdquo; &ldquo;continue,&rdquo;
&ldquo;target&rdquo; or the negative of such terms or other similar expressions. These statements involve known and unknown risks,
uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed
or implied by such statements, including: the Company&rsquo;s reliance on one key customer for a substantial percentage of its revenue;
the Company&rsquo;s ability to consummate any proposed financing or acquisition and the timing of the closing of such proposed transaction,
including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing
of any proposed transaction will not occur; the Company&rsquo;s ability to continue as a going concern; the Company&rsquo;s ability to attract,
maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing
content; the Company&rsquo;s ability to maintain compliance with certain financial and other covenants; the Company successfully implementing
its growth strategy, including relating to its technology platforms and applications; management&rsquo;s relationships with industry
stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties
applicable to the businesses of the Company&rsquo;s subsidiaries; and other risks, uncertainties and factors including, but not limited
to, those described in the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S.
Securities and Exchange Commission (the &ldquo;SEC&rdquo;) on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended
June 30, 2020, filed with the SEC on August 14, 2020, and in the Company&rsquo;s other filings and submissions with the SEC. These forward-looking
statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may
be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>For
More Information:</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white"><B>LiveXLive
Contact</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white">The
Rose Group</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white">Lyndadorf@therosegrp.com
</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; background-color: white">Isabela@Therosegrp.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>IR
Contact:</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">310.529.2500</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ir@livexlive.co<FONT STYLE="background-color: white">m</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">###</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>ex99-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex99-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !- 0$# 2(  A$! Q$!_\0
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M69?A/JI4D'S(.0?^FJUR'[-;N^D:^79F_?P]3G^%JER;/3PF7T<-K%7EW?\
M6A[G1THKC_B5X.N_''A=-)L[V.TE6Y28R2 D8 88X^M2=QU^1ZBES7Q&_AV\
M3QY_PBAOAY_V\6/GY;;NW[-V.N*^JOAGX,N_ WAB72KV]CO)'NGG$D8( !51
MCG_=/YT =ED'O17R1>R2_#GXXEM[I:VFH"0 DX^SR<X_[X<C\*^M@00"""#T
M(H 7('>BODS599?B+\=7MHY7:UN-0$ VMQY$?#$?548_C7T-\3?D^&'B )\N
MVR;&.,4 =9D>HHR/45\6^"_!.N^/+F[@TBY@1[5%>3[1,RC!) Q@'TKL?^&?
MO'/_ #^Z9_X%2?\ Q% 'U#D>HHKYD_X4'XW_ .?S3?\ P+D_^(HH Q/@C_R5
M_3?]VX_]%/7UO7R!\'[^STSXJV%U?W4%K;H)PTL\@1!F-@,D\=:^H?\ A-_"
M?_0S:/\ ^!T?_P 50!O5\U_M)_\ (UZ/_P!>)_\ 0S7T;:7MK?VB7=G<PW%M
M(,I-$X9&'L1P:^</VD)$D\5:.4=6'V(_=.?XS0![A\._^2;^&_\ L'0?^@"N
M?^-V@_VW\-+V5$W3Z>RWB?1>'_\ '68_A6]\.I(V^'7AQ ZEAIL&0#R/D%=%
M=VL5]93VDZ[H9XVBD7U5A@C\C0!XC^S=KWFZ5J^@R/\ -;RK=1 _W6&UOP!5
M?^^J\_0?\+(^/.?]9:W&H9]0;>+_ !1/S-86EZM?_#?Q?K,"!O/CBN=/;!QR
M00K?@P5OPKT?]F[0?-U35]?D3Y8(UM82?[S'<V/< +_WU0!]%5\5WFMS^'/B
ME?ZQ;1QRS6FJSR(DN=I/F-UP0:^U*^0-&GM+;X[>=?2PQ6J:S,9'G(" ;VZD
M\8H Z;_AI'Q-_P! ?2/^^9/_ (NOH+PMJTVN^%-*U:XC2.:\M8YW2/.U2R@D
M#/:L[_A)/ G_ $&/#W_@1#_C6UI>IZ7JEL7TF]M+J",["UK*KJIQT^4X'!'%
M %ZBBH+R\AL+5[BX?;&@_$^PH)E)1BY2=DCA_%VA16,@O;<JL4K8:/.,-[>W
M\JY6M/6=6FU>],TG"#B-.RBL\*2"0#QUJKGY[C:U*I7E*BK1_K7ROV+&FV)U
M&_BM5=4,C8W,>!7JMA80:;9I;6ZX1>I[L?4UY$K,C!E)##D$5Z)X9\0#4H1;
M7+ 72#@G_EH/7ZTF[GK9#B*$:CA-6D]G^G];G14444CZX\Z^.?\ R2;5?^ND
M'_HU*Y#]FG_D$>(/^N\/_H+5U_QS_P"23:K_ -=(/_1J5Y_^SWKVCZ/I6N)J
M>JV5DTD\107,ZQE@%;.-Q&: /H6BL-/&GA:218T\2:0SL0JJM[&22>PYK:=T
MC&795'J3B@#Y)N?^3B3_ -C&/_1XKZXKY&N&4_M#EMPV_P#"1@YSQCSQ7UNC
MI(,HRL/4'- 'SM^TCH/DZKI.O1I\MQ$UK,1_>4[ES[D,W_?-=WI7CK;\ 1XB
M,O\ I5M8&W))Y\]?W2D_4[3^-:?QDT'^WOAGJ:HFZ>S O(N.FSEO_'"U?+L7
MBJYB\ W'A4!O(FOUO"V>,!"I7\3M/X4 >F?LY:";OQ)J6NRKE+* 0QD_\])#
MR1]%4_\ ?5>S?%#_ ))CXB_Z\WK'^"6@_P!B?#2QD=-L^H,UX_'9N$_\="G\
M:V/BA_R3'Q%_UYO0!\M^ _B%J/P_NKVXTZTM;AKM%1Q<!B %)/&TCUKTSPW\
M?O$.M>)]*TN?2]+2*\NXH'9!)N 9@I(RW7FL;X ZCHFGZKK3:U=V%NCP1B,W
MDB*"=QSC=7NZ^)O R.'36O#ZLIR"+F$$'\Z .GHK#_X33PM_T,FD?^!L?^-%
M 'B3?LU:@SEO^$EMN3G_ (]6_P#BJ3_AFG4/^AEMO_ 5O_BJ^BJ* .7\/>$Y
M=$^'47A=[M)94M98//"$ ERW.,]MWK7CO_#-.H?]#+;?^ K?_%5]%44 >3_#
M3X077@+Q+-JLVL0WB26K6_EI"4()93G))_N_K7K%%% 'BOQ!^!]WXM\876MZ
M?J=K:QW*H9(Y48G>!M)X]0!^.:[[X=>#O^$&\(PZ0\T<]QYKS3RQJ0KLQXQG
MT4*/PKK** "O M8_9WOM4UN_U!?$5O&MU<R3A#;,2NYBV,[O>O?:* /G7_AF
MG4/^AEMO_ 5O_BJ]3^&/@.;X?Z%=Z=/?QWC3W)G#I&4 &U5Q@D_W:Z3Q#<S6
M>B3SV[E)5*X8#I\P%<+_ ,)/K'_/ZW_?*_X4G*QY./SBC@JBIU(MMJ^ECTJ:
M:.WA>65PD:#+,>U>:^(-;DU>ZPI*VR'$:?U/O4%YK6HW\/DW-RSQYSMP!_(5
M12-I'5$4LS'  '6I<CYK-,Z>+2I4DU'KW;^706"WEN9TAA0O(YP *](T?P_;
MZ=I[0RHLLLRXE)Z$>@]JC\.Z FE0":90;MQR?[@]!6[5(]K)\I]C'VU=>\^G
M9?YO\-NYYIXAT%])N=\8+6KGY&]/8^]9$,TEO,LL3%'0Y!':O7+JUAO;9[>=
M T;C!%>::UHTND791LM"W,;XZC_&D]#Q\XRR6$E[:E\#_!_Y=ON['<^']<CU
M>UPY"W*#YU]?<5CR>*IM.UFYM[A?.MQ*P&.&49[5R-K=3V4ZSV\ACD7H13;B
M>6ZG>:9MTCG+''4TN8FIGU:5&"3:G%ZOHU;K^OWG8^,='A^(?@F[T>PU".!I
MVC;S&7=LVN&Y7(/:O)/^&:=0_P"AEMO_  %;_P"*KK+:ZGLYA+;RM&XZ%379
M:1XQ27;#J"['Z"51P?J/\*:DCV<!Q#1K6AB/=EWZ/_+YZ>9Y38_LXW]GJ%M=
M'Q';,(95D*_96YP0<?>]J]3^)/@N;QWX732(;U+-EN4G\QT+C"AAC (_O5UR
ML'4,IRI&01WI:H^B/G7_ (9IU#_H9;;_ ,!6_P#BJ]9^&O@F;P%X9ETF>]2\
M9[IIQ(D90 %5&,$G^[^M=C10 R:&.X@DAE4/'(I1U/0@C!%?.K_LV:H;IMFO
M68M]YVYC?<%S_/%?1M% $5K;165I#:P+LAAC6.-1V4# 'Y"LSQ7HC^(_"NI:
M-'.L#WD!B$K+N"Y[XK8HH ^=?^&:=0_Z&6V_\!6_^*H_X9IU#_H9;;_P%;_X
MJOHJB@#YY_X9NU#_ *&.T_\  1O_ (JBOH:B@ HHHH **** "BBB@ HHHH *
M*** ,[7+.74-(FMH,>8Y7&3@<,#_ $KCO^$-U3TC_P"^A7H5%2XIGEXW*,/C
M*BJ5;W2MH_\ @'GO_"&ZGZ1_]]"M_P />&AIK&YNMKW/10.0@]?K71T4**1E
MALBPF'JJK%-M;7=_T"BBBJ/9"JNH6$&I6CV\ZY4]#W4^HJU103.$:D7":NF>
M?OX,U)9&"&-E!X.[&:PKJVDL[F2WEQO1BIQ7KM<_!X=M+G4;F^N2929FQ'C
M'/?UK-P['R>.X=BN2.%O=O6[T2MZ'':9H=[JC_N8]L>>9&X45V^E>&K+30KL
MHGG'\;C@'V%;*(L:!$4*HX  P!2U2BD>I@,CP^%M.7O2[O9>B_X=A1115'M!
61110 4444 %%%% !1110 4444 ?_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>ex10-1_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 ex10-1_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  (! 0(! 0(" @(" @(" P4# P,#
M P8$! ,%!P8'!P<&!P<("0L)" @*" <'"@T*"@L,# P,!PD.#PT,#@L,# S_
MVP!# 0(" @,# P8# P8," <(# P,# P,# P,# P,# P,# P,# P,# P,# P,
M# P,# P,# P,# P,# P,# P,# P,# S_P  1" !& -0# 2(  A$! Q$!_\0
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MQMBW[KE;W4OYUY^6R>NVCP/'/C/5/B;XOO-9U:YFOM2U&4R2R.<EB>P] .
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MGY+:XMHF2_S[)-#/_P!\U^(__!L?X*O_ /@HA_P6Q^,G[3/B*U:6'PZ=0UV
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MI)A:&2V=0QO2P(\E5/4MS[ 9)P 36WXP\7Z=X"\,WFKZM<I9Z?81F6:5^P[
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M74_VP?AG;_%G2=?C^&4_B6QC\4O+HOAZ-$TTS*+@EH5$JCR]W*'=Z<U](?\
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B%' JU113VT0TDE9!1110,**** "BBB@ HHHH **** /_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
