We are shareholders of Vinco Ventures, Inc. (“the Company”), and we believe that John Colucci represents an imminent threat of irreparable harm to the Company and, most importantly, to shareholders.

As retail shareholders, we collectively own over 60% of the free float and many of us have made substantial, personal investments into the Company. Many of us have been shareholders for well over a year. We have weathered a bevy of external challenges, including blatant market manipulation. But we have endured those challenges because we believe strongly in the vision of the Company, its partners, and its leaders. That vision involves bringing together an array of impressive and independently functioning business units that already generate multiple streams of revenue. In large part, this planned synthesis of business operations will be accomplished by way of an intended merger between the Company and ZASH Global Media and Entertainment Corporation (“Zash”). We have refused to exit our positions as investors because we understand that the sum of what the Company and Zash will offer investors after the merger is far greater than the parts. Importantly, this impressive, albeit complex, vision is principally the work of Theodore Farnsworth, Lisa King, and many others, who have been hard at work for over a year on its implementation. And the fruits of this team’s labor have already begun to show, with the Company having recently spun off another publicly traded business and with the Company’s revenues growing almost 350% year-over-year in the first quarter of 2022 alone.

Despite the external challenges over the past year, we have never felt threatened by internal strife—until now. In less than two months as a so-called “independent” director, Mr. Colucci has had his forthrightness questioned by one of the most elite law firms in the world, has issued a press release that resulted in the Company’s per-share value dropping below $1 for the first time ever (contrary to Mr. Colucci’s misrepresentations in court documents about the timing of this price drop), and has now initiated litigation seeking the ouster of the very leadership team shareholders are relying on to effectuate the Company’s vision. None of Mr. Colucci’s conduct has benefitted shareholders; all of it has hurt shareholders. And now, for the first time ever, Mr. Colucci’s disingenuous conduct has apparently resulted in a halt on all trading of the Company’s stock.

Managing public companies is difficult, and officers and directors are certain to have disagreements. However, in light of recent events, we believe Mr. Colucci represents an existential threat to our investment and that the removal of Mr. Farnsworth and/or Ms. King from their positions would cause irreparable harm. At the same time, we believe the greatest value for shareholders is the continued involvement of Mr. Farnsworth and Ms. King so that the Company can continue to move toward finalizing the intended merger with Zash and the synthesis of all of the Company’s and Zash’s assets and business operations.