Q Talk

[They CallMe MRWILKES]

The Xcel Brands Mizrahi Employment Agreement,  indicating that Xcel Brands reimburses all travel expenses incurred with the required QVC appearances:

(d)        Expenses.  The Executive acknowledges that the Company entered into a services agreement with Laugh Club (the “Services Agreement”) to provide the support services to the Executive necessary to enable the Executive to perform his obligations pursuant to this Agreement and that Laugh Club shall be responsible to pay all expenses of the Executive in connection with his performance of his obligations pursuant to this Agreement other than Travel Expenses.  The Executive has received and is familiar with the Services Agreement and acknowledges that all support services needed by the Executive to perform his obligation under this Agreement are provided for in the Services Agreement and that the Company will not reimburse the Executive for any direct expenses incurred by him in the course of performing his duties under this Agreement other than Travel Expenses.  The Company will reimburse the Executive for all Travel Expenses incurred by him in the course of performing his duties under this Agreement.  All reimbursement payments for documented Travel Expenses shall be made in accordance with the Company’s expense reimbursement policy.