Document:

Exhibit 10.15

 

AGREEMENT

 

This AGREEMENT (“Agreement”)
is made and entered into as of Oct. 8, 2014, by and between Marina District Development Company, LLC d/b/a Borgata Hotel Casino
& Spa (“Borgata”) and CFFC Promotions, LLC (“CFFC”) as the promoter for the purpose of presenting Pro
Mixed Martial Arts bouts at Borgata Hotel Casino & Spa (the “Promoter”). Borgata will assign and determine which
property will be utilized.

 

WITNESSETH

 

Whereas,
Borgata is a limited liability company duly organized and existing under the laws of the State of New Jersey and maintains its
principal office 1 Borgata Way, Atlantic City, NJ 08401.

 

Whereas,
Borgata is engaged in the business of owning and operating a hotel/casino in Atlantic City, NJ;

 

Whereas,
Promoter is a professional and licensed (pursuant to the rules and regulations of the New Jersey Athletic Commission) mixed martial
arts (“MMA”) fighting promoter and Promoter has the power and authority to provide top MMA fighters at events to be
scheduled to occur at Borgata;

 

Whereas,
in the course of operating such hotel/casino, Borgata is desirous of obtaining and holding first-class professional sporting events
for the entertainment of its patrons;

 

Whereas,
Promoter is licensed as a Promoter by the New Jersey Athletic Control Board and maintain their principal office at: 789 Harding
Highway, Buena, New Jersey 08310;

 

Whereas,
Promoter has represented and warranted to Borgata that it is capable and willing to provide the first-class professional MMA sporting
events described in and in accordance with the terms and conditions of this Agreement; and

 

Now, Therefore,
for an in consideration of the mutual promises, covenants, agreements and representations set forth herein, the parties intending
to be legally bound, promise and agree as follows:

 

		1.	The Events. Subject to the terms and conditions of this Agreement, Promoter shall hold four
(4) events at Borgata in 2015. All events will feature an array of fighters with local, regional and national appeal provided that
collectively the bouts would be considered of a first class caliber MMA event (“the Events”). (All fighters’
participating in the Events shall collectively be referred to hereafter as “the Fighters”.) All Events are held on
Friday or Saturday evenings on dates to be mutually agreed with an expected start time of 7:00PM. Each Event will include at least
eight (8) fights but no more than twelve (12) fights.

 

     

     

    

  

		2.	Promoter’s Responsibilities. Except as specifically provided for in Paragraph 3, Promoter
shall have full and complete responsibility for producing and presenting the Events at Borgata. Promoter shall be in full compliance
with applicable federal and state statutes and regulations and local ordinances, and shall be solely responsible, at its sole cost
and expense, to provide the following:

 

		a)	To coordinate with Borgata box office/New Era Tickets for all ticket sales;

 

		b)	All necessary logistics and set up for State Inspectors and Officials;

 

		c)	No less than 12 qualified security personnel for each Event, who will work in coordination with
Borgata’s Director of Security or his designee. All personnel will be contracted and/or employed by CFFC with extensive law
enforcement and security backgrounds;

 

		d)	A director of operations employed by Promoter, who will work directly with designated Borgata staff
to produce a seamless Event;

 

		e)	The Fighters, all of whom will be licensed by the New Jersey Athletic Control Board;

 

		f)	All safety equipment, including but not limited to gloves and mouthpieces;

 

		g)	Fighter fees; all licenses and permits as may be required by federal, state or municipal law, including
specifically a registration to do business in the State of New Jersey;

 

		h)	Referees, announcer, judges, timekeeper, officials, emcee, and all other personnel required for
the Events;

 

		i)	Standing ambulance, doctor and emergency medical technicians for the Events and all other New Jersey
State Athletic Commission required fighting participant medical care necessary as the results of each Fighter’s participation
in the Event;

 

		j)	Insurance covering the Fighters and other ring personnel in amounts no less than the requirements
of the New Jersey State Athletic Commission, all of which shall name Marina District Development Company, LLC, its parent company,
subsidiaries and affiliates as additional insureds;

 

		k)	General liability and personal injury insurance coverage and worker’s compensation and employer
liability insurance coverage;

 

		l)	All Fighter purses;

 

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		m)	All wages, salaries, commissions, and/or other compensation on all premiums, insurance, taxes and
other payments to the individuals performing services on behalf of Promoter;

 

		n)	Regulation Cage plus all applicable mats and corner pads and install same;

 

		o)	Written evidence of each Fighter’s intellectual property rights necessary for Borgata to
utilize such rights as provided for in this Agreement solely in connection with the Event and for historical purposes;

 

		p)	Biographies, “tales of the tape,” fight-by-fight records, general press releases and
other requested information pertaining to each Event;

 

		q)	Written evidence that Promoter has obtained, maintained and paid for all required MMA organization
sanctions and approvals;

 

		r)	Written evidence that Promoter has fulfilled all of the requirements of the New Jersey State Athletic
Commission (except to the extent, if at all, that this Agreement or state or federal law or regulation expressly requires Borgata
to fulfill any such requirements);

 

		s)	Any necessary and/or required bonds required by any applicable athletic commission overseeing the
Event; and

 

		t)	All necessary efforts to coordinate, secure and pay for all trainers, managers, judges, and sanctioning
organizations and for all Promoter personnel attending the Events.

 

		3.	Duties of Borgata. Borgata
                                         shall provide, at its cost and expense, the following in conjunction with the Events:

 

		a)	A theater or ballroom staffed with ushers. Borgata will retain all food and beverage revenue;

 

		b)	Professional lighting and audio systems with professional operators for TV production quality;

 

		c)	Three (3) suites for three (3) nights plus $150/day food and beverage comp for inside casino establishments
for each suite; thirty-five (35) standard hotel rooms at Borgata for three (3) nights plus complimentary dining privileges in the
employees cafeteria on behalf of fighters and employees performing services for Promoter in connection with the Event;

 

		d)	Location on Friday evening for Weigh-Ins;

 

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		e)	Billboard for each Event no less than thirty-five (35) days prior. Promoter shall provide the artwork
for the billboard and Borgata shall be responsible to produce the billboard covering and installation;

 

		f)	Access to in-house room and property video provided by Promoter to promote Events prior to each
Event, along with Email blast to Borgata database as determined by Borgata, and local print advertising as determined by Borgata;

 

		g)	Allow Promoter to have sponsors, provided that such sponsors are approved by Borgata in its sole
and absolute discretion;

 

		h)	Allow Promoter to all revenue from T-shirt and other items sold pertaining to Events;

 

		i)	Access badges and wristbands for the Fighters and their crew associated with the Events;

 

		j)	Reasonable access to and use of the Event Room, which Promoter agrees and acknowledges will be
made available to Promoter in its presently existing condition, “WHERE IS/ AS IS”.

 

		k)	Borgata shall use Tickets.com for the sale of tickets to the public.

 

		4.	Borgata will sell tickets through its Box Office system and New Era Tickets for Promoter. Borgata
will pay promoter the net revenue from the sale of these tickets, if any. Accordingly, Borgata shall retain any ticket fees charged
to each ticket and the Promoter will be entitled to the balance of the ticket revenue. Promoter will set all ticket prices to the
general public for each event. Ticket revenue shall be paid no later than ten days after the Event, based on the final ticket reconciliation
report. Promoter shall be responsible for and pay and file all applicable federal and state taxes, and related tax returns, including
specifically the tax required by the State of New Jersey for all tickets sold by Promoter.

 

		5.	The Events for TV. Promoter warrants that all Events will be televised on PHL 17. All
                                                               programming will be on a tape delay and the Events will be broadcasted within thirty (30) days of each Event, time being of
                                                               the essence. Promoter will produce the Events in a first-quality professional manner. Promoter shall maintain the sole and
                                                               exclusive control over the Events, including but not limited to the details, means and methods of individuals performing
                                                               services on behalf of Promoter. Borgata will receive extensive exposure from the TV broadcasts as described below. The
                                                               failure to adhere to the above terms and conditions shall be a material default of this Agreement entitling Borgata to
                                                               terminate the Agreement upon notice to Promoter without the opportunity to cure, as television exposure on PHL17 is a
                                                               critical element of consideration for Borgata’s entry into this Agreement. In addition, Borgata shall be entitled to be
                                                               reimbursed by Promoter for any amounts it has paid to Promoter for any Event that is not televised as required and also to be
                                                               reimbursed for any expenses incurred by Borgata for any such non-televised Event.

 

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		6.	Advertising and Promotional Efforts. Borgata shall have the right to advertise and promote
the Events in all media with prior approval from Promoter, which approval will not be unreasonably withheld, delayed or conditioned.
Promoter shall the right to advertise and promote the Events in all media with the prior approval from Borgata. In accordance with
the above provision, both parties shall be provided the opportunity to proof and approve all media advertising using the others
brand name and/or logo.

 

		7.	Labor Agreements. Promoter covenants and agrees that it will comply with any and all provisions
of the labor agreements currently in force with any unions having jurisdiction over the production of the Events.

 

		8.	Representations and Warranties. Promoter represents and warrants to Borgata as follows:

 

		a)	Promoter has the right, power and authority to enter into this Agreement;

 

		b)	Promoter has or will procure all licenses, permits, visas, registrations and work permits as may
be required by any federal, state or local authority or otherwise including specifically a Registration to do business in the State
of New Jersey and any Vendor Registration or License required by the New Jersey Casino Control Commission or the New Jersey Division
of Gaming Enforcement;

 

		c)	Promoter has not paid, agreed to pay, and will not pay any sum or other considerations to Borgata,
its officers, directors, agents, workmen, representatives or employees, in connection whatsoever with this Agreement and hereby
represents that no such payment has been requested or solicited by Borgata or its employees and/or representatives; and

 

		d)	Events shall be produced in a first-quality and professional manner.

 

		9.	Insurance/Conditions Precedent. CFFC, at its sole cost and expense and at all times while
an Agreement is in force, or providing goods and services or any subcontractor is performing work on Borgata’s premises,
shall carry and maintain insurance policies of the following types and of not less than the following amounts reasonably satisfactory
to Borgata with a carrier with a current A.M. Best Company rating of at least A.

 

The following
are the insurance requirements required on your certificate of insurance, which must be received by Borgata upon execution of this
Agreement;

 

	General Liability – General Aggregate	 	$	2,000,000	 
	Automobile Coverage –  Combined Single Limit	 	$	1,000,000	 
	Employers Liability	 	$	1,000,000	 
	Workers Compensation	 	 	Statutory	 

 

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The Certificate Holder shall read
and be sent to: Marina District Development Company, LLC, Attention: Legal Department, 1 Borgata Way, Atlantic City, NJ 08401.

 

A policy endorsement should be
added listing the following as additional insured: Marina District Development Company, LLC, its subsidiaries, affiliated, allied
and/or proprietary companies, corporations, trusts, joint ventures and/or partnerships as are now or may hereafter be constituted
or acquired.

 

In the event that CFFC fails to
provide to Borgata the above required Certificate of Insurance, in addition to any other remedies available to Borgata, Borgata
may withhold any and all payments due hereunder.

 

		10.	Termination.

 

		a)	Borgata has the right to terminate this Agreement, without further obligation, after the first
Event, at its sole and absolute discretion, by providing written notice to Promoter within thirty (30) days after the completion
of the first Event.

 

		b)	If either party is in breach of this Agreement, the non-defaulting party may notify the defaulting
party in writing specifying the nature of the breach. Upon receipt of such notice, if the breach is curable, the defaulting party
shall have a reasonable period of time no greater than five (5) days to cure such breach. If the breach is not cured within that
time period, the non-defaulting party may terminate this Agreement by providing the defaulting party with written notice of termination.
Any termination under this section is without prejudice to any other remedies which either party may have against the other arising
out of such breach or default and will not affect any rights or obligations of either party arising under this Agreement prior
to such termination.

 

		11.	Sponsorship Assistance. Borgata agrees to provide Promoter compensation in the amount of
$15,000 per show. Compensation will assist Promoter with providing highly quality production, along with assisting Borgata in the
branding of their product by PHL17 (3.5 million households). In addition, Promoter will provide Borgata with a Title Sponsorship
that includes:

 

		•	Six (6) :30 second commercials on PHL 17;

		•	One (1) :60 second commercial to promote upcoming Borgata
events;

		•	co-branding on 10 :15 second promotion spots on PHL 17;

		•	Open and Closed billboards;

		•	10 Live Audio mentions;

		•	Large Logo on Canvas for TV branding/impressions;

		•	4 Corner Pad logos for TV branding / impressions;

		•	All weigh-ins to take place on Borgata Property;

 

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		•	Borgata to be exclusive CFFC location for all pre &
post fight events;

		•	Pay-Per-View internet streams/production provided for every
event;

		•	Other PHL provided services for measuring our exposure
including:

Text to win promotions (800k per show);

Promo spots;

Sales snipes for increased ticket sales;

Measure and report impressions on the website;

Set up photo gallery on their website; and

Will stream fights for additional 30 days.

		•	150 Complimentary tickets per Event to be distributed by Borgata at its sole and absolute discretion.
The complimentary tickets will be comprised of fifty (50) tickets from each of the three (3) ticket prices; and

		•	Round cards containing only the name and logo of Borgata placed on the back of the round card,
and only the Event title sponsor’s name and logo (or Promoter’s name and logo in the sole discretion of Promoter) on
the front (to be of a size that is mutually agreed upon by Borgata and Promoter) of the round card and there will be no other names
and logos placed on the round cards. CFFC will select round card girls with the approval of Borgata.

 

		12.	Representations and Warranties

 

		a)	Promoter’s Representations and Warranties:
Promoter hereby represents, covenants and warrants to Borgata as a material part of the consideration for Borgata entering
into the Agreement, as follows: (i) Promoter is a corporation duly organized and validly existing under the laws of the State
of California; (ii) the execution of the Agreement has been duly authorized by all necessary corporate action on behalf of Promoter;
(iii) Promoter has obtained and currently holds all licenses, permits and approvals of all governmental authorities necessary
or appropriate to perform Promoter’s obligations under the Agreement; (iv) the Event delivered in connection with the Agreement
shall be a first class presentation as determined by the Borgata in its sole and absolute discretion; and (v) neither Promoter
(including without limitation (A) Promoter, (B) its officers and directors and (C) any employees, representatives, sub-contractors,
sub-Promoters and agents of Promoter involved with the Event or the performance by Promoter under the Agreement) nor the persons
and/or entities comprising and/or owning Promoter, through and including the beneficial ownership of Promoter (1) has ever been
convicted of, been placed under indictment for, or charged with, any felony or any other crime involving moral turpitude (a “Crime”),
or (2) is currently charged with, or under investigation for, any Crime.

 

		b)	Borgata’s Representations
                                         and Warranties: The Borgata hereby represents and warrants to Promoter as follows:
                                         (i) Borgata is a corporation duly organized and validly existing under the laws of the
                                         State of New Jersey; and (ii) the execution of the Agreement has been duly authorized
                                         by all necessary corporate action on behalf of Borgata.

 

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		c)	Continuing Nature of Representations
                                         and Warranties: The representations and warranties contained in Section 14
                                         are continuing in nature and shall remain true, complete and accurate during the entire
                                         term of the Agreement. In the event that one or more of either parties’ representations
                                         or warranties ceases to be true, complete and accurate at any time during the term of
                                         the Agreement, that party shall promptly notify the other party in writing of the failure
                                         of such representation or warranty and shall promptly take such action as is necessary
                                         to cure such failure. In the event that the representation in Section 14.1 shall
                                         cease to be true, complete and accurate, Borgata shall be entitled, in the exercise of
                                         its sole and absolute discretion, to immediately terminate the Agreement. Notwithstanding
                                         any other provisions of the Agreement to the contrary, the representations, warranties
                                         and covenants set forth in Section 14 shall survive the termination or expiration
                                         of the Agreement.

 

		13.	Miscellaneous

 

		a)	Any amount hereunder which is not paid when due shall bear interest at the rate of one percent
(1 %) per month from the date due until paid in full.

 

		b)	No party may assign this Agreement, or any portion thereof, without the prior written consent of
the other parties.

 

		c)	Waiver or failure of any party to insist upon strict and prompt performance of the covenants and
agreements contained herein, and the acceptance of such performance thereafter, shall not constitute or be construed as a waiver
or relinquishment of its rights thereafter to strictly enforce the same according to the tenor thereof in the event of a continuous
or subsequent default by the other party.

 

		d)	This Agreement and all of the rights and obligations of the parties hereto and all of the terms
and conditions hereof shall be construed in accordance with and governed by and enforced under the laws of the State of New Jersey
(without giving effect to its conflict of laws principles).

 

		e)	Any action to declare or enforce any rights or obligations under this Agreement shall be brought
only before a court of competent jurisdiction in Atlantic County, New Jersey. Promoter hereby consents and submits to the jurisdiction
of such courts for such purposes and agrees that any notice, complaint or other legal process delivered to promoter shall constitute
adequate notice and service of process for all purposes and shall subject Promoter to the jurisdiction of such courts for the purpose
of adjudicating any matter relating to this Agreement. In the event that any action is commenced in connection with this Agreement,
the prevailing party in such action shall be entitled to recover its costs and expenses (including reasonable outside attorneys’
fees) of such action.

 

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		f)	Waiver of Jury Trial. BOTH PARTIES ACKNOWLEDGE AND AGREE THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS
AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS VOLUNTARILY, AND (D) IT HAS BEEN INDUCED TO ENTER
INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

		g)	This Agreement constitutes the entire understanding and agreement between the parties in connection
with the Event and supersedes any and all prior agreements or communications between the parties, whether oral or written, in connection
with the Event. Any changes or modifications to this Agreement shall be deemed invalid unless in writing and approved in writing
by the parties. No officer, director, employee or representative of either party has any authority to make any representations
or promises not contained in this Agreement, and the parties expressly agree that they have not executed this Agreement in reliance
on any such representation or promise.

 

		h)	If any term, provision, covenant or condition of this Agreement, or any application thereof, should
be held by a court of competent jurisdiction to be invalid, void or unenforceable, all provisions, covenants and conditions of
this Agreement, and all applications thereof not held invalid, void or unenforceable, shall continue in full force and effect and
shall in no way be affected, impaired or invalidated thereby.

 

		i)	The captions appearing at the commencement of the sections hereof are descriptive only and for
convenience in reference to this Agreement and in no way whatsoever define, limit or describe the scope or intent of this Agreement,
nor in any way affect this Agreement.

 

		j)	This Agreement shall inure to the benefit of, and be binding
upon, the parties hereto and their respective successors and permitted assigns. Except as specifically provided in this Agreement,
this Agreement is not intended to, and shall not, create any rights in
any person or entity whatsoever, except the parties hereto.

 

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		k)	Each party hereto hereby represents and warrants to the
other parties that neither it nor any of its respective officers, directors, employees or agents have given or agreed to give
any sums, gifts, gratuities or thing of value to any officer, director, employee or agent of any other party hereto secure or
maintain the business relationship contemplated by this Agreement.

  

		1)	This Agreement is intended only for the benefit of Borgata and Promoter. No other person or entity
is intended to be benefited in any way by this Agreement, nor shall this Agreement be enforceable by any other person or entity.
There are no third party beneficiaries to this Agreement.

 

		m)	This Agreement may be executed in any number of counterparts,
each of which when executed and delivered (whether by original or through telecopy signatures) shall be an original, but all such
counterparts shall constitute one and the same agreement. Any signature page of this Agreement may be detached from any counterpart
without impairing the legal effect of any signatures thereon and may be attached to another counterpart, identical in form thereto,
but having attached to it one or more additional signature pages.

 

		n)	Confidentiality. All information disclosed by one party
to the other in connection with this Agreement shall be treated as confidential information unless it is or becomes publicly available
through no fault of the other party, or is later rightfully obtained by the other party from independent sources. Each party’s
confidential information shall be held in strict confidence by the other party, using the same standard of care as it uses to
protect its own confidential information, and shall not be used or disclosed by the other party for any purpose except as necessary
to implement or perform this Agreement.

 

		o)	Indemnification. CFFC shall be responsible for any and
all injury or damage to any person and/or property, including loss of life, arising directly from the services or any other obligations
hereunder and shall indemnify, protect, defend (with counsel reasonably acceptable to Borgata) and hold Borgata harmless from
any and all loss, damage or expense (including reasonable attorneys’ fees) from any such injury, damage or death, except
as such may be due to the gross negligence or intentional misconduct of Borgata.

 

		p)	Intellectual Property Claims: CFFC will indemnify Borgata
for its reasonably incurred legal expenses and will defend or settle, at CFFC’s option and expense, any legal proceeding
brought against Borgata, to the extent that it is based on a claim that CFFC, or any item related to the Event infringes a trade
secret, trademark, mask work, copyright or patent. CFFC will pay all such expenses, together with damages and costs awarded by
the court which finally determines the case, or are incurred in the settlement thereof, if Borgata: (i) gives written notice of
the claim promptly to CFFC; (ii) gives CFFC sole control of the defense and settlement of the claim; (iii) provides to CFFC, at
CFFC’s expense, all available information and assistance; and (iv) has not compromised or settled such claim. The indemnification
contained in this section shall survive the expiration or sooner termination of this Agreement.

 

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		q)	Compliance with Laws. The parties shall perform all of
their respective obligations under this Agreement in compliance with all applicable federal, state and local laws, ordinances,
rules, regulations, codes or orders including without limitation all environmental and labor laws. Without limiting the generality
of the foregoing, Promoter shall comply with any and all applicable requirements of the New Jersey Casino Control Act and the
regulations promulgated there under, including but not limited to, any licensing requirements imposed thereby. In the event of
the failure of Promoter to obtain and/or maintain any applicable licenses and/or in the event of disapproval by the New Jersey
Casino Control Commission or New Jersey Division of Gaming Enforcement (the “Gaming Authorities”) of this Agreement,
this Agreement is subject to termination without liability to Borgata and Borgata shall also have the right to pursue at law compensation
for damages it incurs resulting from such failure by Promoter, including seeking reimbursement of any fines imposed by the Gaming
Authorities upon Borgata resulting from Promoter’s failure to abide by the Gaming Authorities’ regulations in connection
with this Agreement.

 

		r)	Force Majeure. In the event: (a) a reputable physician
licensed by the State of New Jersey certifies that any one of the Fighters is mentally or physically disabled to such an extent
that a Fighter cannot participate in the Event as scheduled; (b) the Event is delayed or prevented from occurring on the scheduled
date by reason of an Act of God, fire, flood, storm, war, public disaster, or any governmental or regulatory enactment, determination
or action, regulation or order (a “Force Majeure Event”); or (c) the Event room is materially damaged by a Force Majeure
Event or any other cause beyond Promoter’s or Borgata’s reasonable control, then Promoter shall attempt to reschedule
the Event to a date and time reasonably acceptable to Borgata, and Borgata may at its option elect to either (i) cancel this Agreement,
in which case neither party shall have any obligation to the other (excepting for the indemnification obligations of Promoter
that shall survive the termination of this Agreement), or (ii) accept the rescheduled date, in which case this Agreement shall
apply to the rescheduled Event.

 

		s)	The parties to the Agreement are acting as independent
contractors and independent employers. Nothing contained in the Agreement shall create or be construed as creating a partnership,
joint venture or agency relationship between the parties. Neither party shall have the authority to bind the other party in any
respect.

 

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		t)	The Promoter shall not subcontract any portion of the work
contemplated by the Agreement without the prior written consent of Borgata, which consent may be given or withheld in Borgata’s
sole and absolute discretion. No approval of any subcontract shall relieve Promoter from any of its obligations under the Agreement
and Promoter shall continue to be primarily responsible to Borgata for all obligations under the Agreement whether or not subcontracted
to an approved subcontractor. The Promoter agrees to require its subcontractors or any other persons furnishing labor to Promoter
or its subcontractors in connection with the Agreement to provide, maintain and pay for insurance of the type and (except as Borgata
may otherwise approve) in the amounts specified above and furnish to Borgata with certificates thereof in the same manner as required
of Promoter.

 

IN WITNESS WHEREOF, Borgata and CFFC
have hereunto set their hands under seal as of the day and year first above written.

 

	   	 MARINA DISTRICT DEVELOPMENT
    

    COMPANY, LLC d/b/a Borgata Hotel

    Casino & Spa 
	   	   	   
	   	 By: 	 /s/ Joe Lupo 
	   	   	   
	   	 Title: 	 SR VP - OPS 
	   	   	   
	   	 Date: 	 10-22-2014 

 

	   	 CFFC PROMOTIONS, LLC 
	   	   
	   	 By: 	 /s/ Robert Haydak 
	   	   	   
	   	 Title:  	 CEO 
	   	   	   
	   	 Date: 	 10/8/14 

 

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Addendum

 

This Addendum
made this 1st day of December, 2015, between CFFC Promotions, LLC (“CFFC”) and Marina District Development
Company, LLC d/b/a Borgata Hotel Casino & Spa (the “Borgata”).

 

WHEREAS, CFFC and Borgata
have entered into an Agreement dated October 8, 2014, for the purpose of presenting Pro Mixed Martial Arts bouts at Borgata (the
“Agreement”):

 

WHEREAS, the purpose
of this Addendum is to make certain additions and modifications to the Agreement; and

 

NOW, THEREFORE, in
consideration of the foregoing and the covenants contained herein, and intending to be legally bound hereby, the parties hereto
agree as follows:

 

		1.	Term: The term of the Agreement shall be extended for one year commencing January
1, 2016 and terminating on December 31, 2016.

 

		2.	The Events. Subject to the terms and conditions of this Agreement, CFFC shall hold
four (4) Events at Borgata in 2016. In addition, CFFC shall have the opportunity to hold up to four (4) Amateur fights at Borgata
in 2016, with no guaranteed minimum, based on Borgata availability and mutually agreeable dates.

 

		3.	Sponsorship Assistance. Borgata agrees to provide CFFC compensation in the amount
of $15,000 per Event and $7,500 per Amateur fight.

 

		4.	Terms and Conditions: All other terms and conditions of the Agreement shall remain
in full force and effect.

 

		5.	Conflicts: In the event of conflicts between provisions of the Agreement and provisions
of this Addendum, this Addendum shall control.

 

This Addendum shall not be effective
or binding to on either party until it is signed by an authorized representative of both parties.

 

	CFFC
    PROMOTIONS, LLC	 	MARINA
    DISTRICT  DEVELOPMENT COMPANY, LLC d/b/a Borgata Hotel Casino & Spa
	 	 	 	 	 
	By: 	/s/[ILLEGIBLE]	 	By:	/s/[ILLEGIBLE]
	 	 	 	 	 
	Title:	President/CEO	 	Title:	SR VP - OPS
	 	 	 	 	 
	Date:	12/1/15	 	Date:	12-11-2015Exhibit 10.16

 

 

PROGRAMMING AGREEMENT

 

This programming agreement (the
“Agreement”), effective as of January 14, 2016 (the “Effective Date”), is between CSTV Networks,
Inc., d/b/a CBS Sports Network (“CBSSN”), with offices at 51 West 52nd Street, 24th Floor,
New York, New York 10019, and CFFC Promotions, LLC (“CFFC”), a New Jersey limited liability company with offices
at 416 Kings Highway East, Haddonfield, New Jersey 08033.

 

		A.	WHEREAS, CFFC intends to produce for telecast certain programming featuring certain mixed martial
arts events, as further defined below; and

 

		B.	WHEREAS, CFFC is the sole and exclusive owner of any and all media rights worldwide to such programming;
and

 

		C.	WHEREAS, CBSSN is engaged in the business of telecasting sporting events and related programming
in all media, including, without limitation, through its television network, CBS Sports Network (the “Network”).

 

NOW THEREFORE, the parties hereto agree
as follows:

 

		1.	Events.

 

		1.1.	As used herein, the “Events” are a minimum of eight (8) mixed martial arts events taking
place in 2016 as part of the Cage Fury fighting series.

 

		1.2.	Each Event includes all press conferences and pre- or post-Event activities and entertainment surrounding
the Event. CFFC is the sole and exclusive owner of any and all media rights worldwide to each Event.

 

		1.3.	CFFC shall meaningfully consult with CBSSN with respect to the participating fighters for each
Event, with each fighter subject to CBSSN’s prior written approval.

 

		2.	Program(s) Production.

 

		2.1.	Programs. CFFC shall produce and deliver to CBSSN one (1) fully-produced two (2) hour program
of each Event, each formatted in fourteen (14) segments, totaling eighty-eight (88) minutes of content per program (each, a “Program,”
collectively, the “Programs”). Each Program must be produced in high definition 1080i (16x9) format, in accordance
with ATSC standards, with CBSSN Graphics (as hereinafter defined) and closed captioning, and formatted for commercial breaks as
directed by CBSSN. The Programs will primarily feature coverage of the applicable Event, as well as location footage, behind-the-scenes
footage, interviews with participants, lead-ins, intros, and similar elements produced or caused to be produced by CFFC. CBSSN
may add any of its own elements to the Programs, such as the Network bug, lead-ins, intros and similar elements (collectively,
the “CBSSN Materials”) at its own expense and discretion.

 

     

     

    

 

		2.2.	Ancillary Materials. The Programs may also include ancillary materials owned or controlled
by CFFC, including classic and historic footage and/or interviews and highlights, including announcer voices, music, and interviews
(the “CFFC Ancillary Materials”). CFFC shall fully clear any CFFC Ancillary Materials incorporated into the Programs
for use as contemplated in this Agreement.

 

		2.3.	Production Company. CFFC shall cause a production company which has been pre-approved by
CBSSN (the “Production Company”) to produce the Programs pursuant to CBSSN’s production standards and production
and delivery requirements.

 

		2.4.	Costs. CFFC is solely responsible for any and all production costs in connection with the
Programs, including, without limitation, any and all delivery costs associated with the delivery of the Programs to CBSSN, any
and all clearances of third-party content, and talent fees.

 

		3.	Territory. The licensed territory is the United States, its territories and possessions,
and Canada (the “Territory”).

 

		4.	Term; Negotiation Period; Right to Match.

 

		4.1.	Term. This Agreement is binding as of the Effective Date and continues in in full force
and effect in perpetuity (the “Term”), provided that CBSSN’s rights to each Program as set forth below will only
be exclusive during such Program’s Exclusive Window (defined below).

 

		4.2.	Negotiation Period. CBSSN has the exclusive right of first negotiation and first refusal
with respect to a new agreement for the rights to Events in connection with the 2017 Cage Fury fighting series (the “Future
Rights”), exercised by providing written notice to CFFC by September 1, 2016. Upon CFFC’s receipt of such written notice,
the parties shall negotiate exclusively, confidentially and in good faith the terms of such new agreement for a period of sixty
(60) days (the “Negotiation Period”). CFFC shall not negotiate with any third parties for Future Rights prior to or
during the Negotiation Period. CFFC shall not discuss the Future Rights and/or any other term(s) of this Agreement with any third-party
prior to or during the Negotiation Period. The parties shall act in good faith during the Negotiation Period.

 

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		4.3.	Offer and Re-Offer. In the event the parties do not reach an agreement for the Future Rights
within the Negotiation Period, then CFFC shall make a written offer (the “Offer”) within three (3) days thereafter
to CBSSN of the terms on which it is willing to license such Future Rights to CBSSN. If CBSSN does not accept the Offer within
ten (10) business days of its receipt of the Offer, CFFC may negotiate with third parties regarding the Future Rights; provided
that CFFC shall not enter into an agreement with any third-party for the Future Rights without first offering to CBSSN in writing
the same terms as offered to such third-party (the “Re-Offer”). CBSSN shall accept or reject the Re-Offer within seven
(7) business days after its receipt of the Re-Offer. In accepting an Offer or Re-Offer, CBSSN will not be required to comply with
any term or condition that imposes any obligation with which CBSSN cannot comply because of impracticability, impossibility or
conflicting contractual commitment.

 

		5.	Grant of Rights. CFFC hereby grants to CBSSN the following irrevocable rights in the Territory:

 

		5.1.	Telecast Rights. With respect to each Program, CFFC grants to CBSSN an irrevocable right
and license, exclusive during the Exclusive Window and non-exclusive thereafter, to telecast, exhibit, distribute, and license
for transmission and distribution the Program, and any material included in the Program, in any and all media, technology, and
distribution methods, including over any form of television, interactive, and online media (whether currently existing or hereafter
developed), including, without limitation, over-the-air and any type of satellite or cable television or comparable technology
whether by CATV (community antenna television), MDS (multipoint distribution systems), MMDS (multichannel multipoint distribution
systems), DBS (direct broadcast satellite), STV (subscription television), TVRO (television receive-only), SMATV (single master
antenna television), VOD (Video on Demand), SVOD (subscription video on demand) and/or VDT (Video Dial Tone), as well as Internet
and broadband, including both audio and audiovisual rights (all such rights collectively referred to herein as the right to “Telecast”),
in whole or in part, alone or in combination with other materials, whether currently existing or hereafter developed.

 

		5.2.	Exclusive Window. The “Exclusive Window” for each Program is the period starting
with CBSSN’s initial Telecast of the applicable Program on the Network and continuing for a period of thirty (30) days thereafter.

 

		5.3.	Excerpt Rights. CBSSN may use and Telecast in perpetuity Event Highlights (defined below)
and excerpts from CFFC Ancillary Materials, in new programming produced for Telecast (including, without limitation, news, review,
retrospective and awards programming, and original productions) and in connection with advertising, marketing, sales, research,
and promotion of the Programs and/or the Network. “Event Highlights” are live look-ins and in-progress video highlights,
as well as video recorded, taped, filmed or audio excerpts from the Programs and/or any portion of any Event, including all announcer
voices, music, and interviews. At no cost to CBSSN, CFFC shall provide CBSSN with any and all Event Highlights and CFFC Ancillary
Materials requested by CBSSN in connection with the foregoing.

 

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		5.4.	Exclusivity. With respect to each Program, CBSSN’s rights to such Program and its
corresponding Event are exclusive in all media during the Exclusive Window. CFFC shall not and has not granted to any third-party
any of the rights granted to CBSSN hereunder, including, without limitation, the right to Telecast any part of any Program during
its Exclusive Window, without CBSSN’s prior written approval. CBSSN’s Telecast rights to the CFFC Ancillary Materials
are non-exclusive.

 

		5.5.	CFFC’s Retained Rights. The rights granted by CFFC to CBSSN herein are subject to
CFFC retaining the right to exploit each Program, after such Program’s Exclusive Window, via CFFC’s owned or operated
digital media platforms (e.g., cffc.tv).

 

		6.	Payment Obligations.

 

		6.1.	In consideration of the rights and licenses granted to CFFC hereunder, CFFC shall pay CBSSN an
amount of Four Thousand U.S. Dollars ($4,000) per Program for a total of at least Thirty-Two Thousand U.S. Dollars ($32,000), due
and payable at least thirty (30) days prior to the date of the corresponding Event.

 

		6.2.	Each payment must be made by check payable to “CBS Sports Network” and sent to P.O.
Box 13728, New York, New York 10087-3728. Past due payments will bear interest at the maximum interest rate permissible under law.

 

		7.	Copyright. CFFC at all times and in perpetuity owns the copyright in and to the Programs,
provided, however, that CBSSN owns, and the foregoing expressly excludes, any and all CBSSN Materials and CBSSN Graphics included
within each Program.

 

		8.	Exhibitions and Scheduling. CBSSN has the right to an unlimited number of Telecasts of each
Program and the elements thereof during such Program’s Telecast Window, on dates and at times scheduled by CBSSN in its sole
discretion in each instance. Notwithstanding the foregoing, CBSSN shall air each Program on the Network at least two (2) times
during its Exclusive Window (each, a “Guaranteed Telecast,” collectively, the “Guaranteed Telecasts”) on
specific day and time slots to be determined by CBSSN in its sole discretion. Notwithstanding the foregoing, CBSSN acknowledges
and agrees that the initial Telecast of each Program will be scheduled between the hours of 7:00 p.m. E.T. and 11:00 p.m. E.T.

 

		9.	Program Production/Deliverables. In addition to CFFC’s obligations otherwise
                                                           set forth in this Agreement, CFFC shall do the following at its sole cost and expense:

 

		9.1.	Unless otherwise agreed upon
                                         by the parties, deliver to CBSSN each Program within seven (7) days following the conclusion
                                         of its corresponding Event, as follows: (i) one (1) mixed/graphiced copy of each Program,
                                         to be delivered to Encompass Media, Attn: Scott Criscuolo, 250 Harbor Drive, 4th
                                         Floor, Stamford, Connecticut 06902 (or as otherwise directed by CBSSN) on HD Cam;
                                         (ii) one (1) mixed/graphiced copy of each Program on XD Cam, HD Cam, or Hard Drive, to
                                         be delivered to CBSSN, Attention: Greg Trager, 51 West 52nd Street, 24th
                                         Floor, New York, New York 10019; and, (iii) one (1) split/clean copy (with all
                                         tracks split out and lower third insert graphics removed) of each Program dropped to
                                         CBSSN’s DALET system, as directed by CBSSN.

 

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		9.2.	Consult with CBSSN regarding talent, with all talent subject to CBSSN’s prior written approval;

 

		9.3.	Appoint a Coordinating Producer to be responsible for communicating any and all production requirements
to the production team, including, without limitation, the look and feel of the Programs, ensuring that each Program is produced
at a level that meets or exceeds CBSSN’s production quality requirements;

 

		9.4.	Clear all elements included within each Program for Telecast by CBSSN as set forth herein, including,
without limitation, the rights to use the names, voices and likenesses of the participants, announcers, and other talent, as well
as sponsor logos, any branding appearing in each Program, and any music, footage, photographs, and performances included in each
Program; and

 

		9.5.	Secure and deliver to CBSSN music cue sheets for any music used in each Program, and signed releases
and/or licenses with respect to any footage and/or photographs used in the Programs.

 

		10.	Commercial Inventory; Billboards; Sponsorships; Sponsored Elements; Additional Commercial Inventory.

 

		10.1.	Commercial Inventory. CBSSN retains any and all commercial and promotional inventory in
each Telecast of each Program. Notwithstanding the foregoing, CBSSN shall provide CFFC with four (4) thirty-second (00:00:30) units
of commercial inventory in each Guaranteed Telecast of each Program, for use by the applicable Program’s designated national
sponsors, with a maximum of three (3) commercial units allocated to the same advertiser per hour and with no advertiser receiving
category exclusivity. CFFC acknowledges and agrees that all commercial units supplied by CFFC are subject to CBSSN’s standards
and practices and prior written approval. Each party retains the proceeds from its sale of commercial inventory. Placement of each
commercial unit is subject to CBSSN’s sole discretion in each instance. CFFC shall deliver all commercial units to CBSSN
(attention: Traffic Manager, 555 West 57th Street, 18th Floor, New York, New York 10019) on digibeta, 16x9
format, no later than three (3) weeks prior to the initial Telecast of the applicable Program on the Network. In the event that
CFFC is unable to deliver the applicable commercial units in accordance with the terms set forth herein, CFFC acknowledges and
agrees that it will forfeit any and all rights to such commercial units and will receive no further consideration in this regard.

 

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		10.2.	Billboards. CBSSN shall provide CFFC with two (2) in-program billboards in each Program
for use by the applicable Program’s designated national sponsors. Each billboard will include a graphic and an on-air read,
with no advertiser receiving category exclusivity. Each billboard supplied by CFFC is subject to CBSSN’s standards and practices
and CBSSN’s prior written approval. Placement of each billboard will be determined by CBSSN in its sole discretion. CFFC
shall deliver the creative for the billboards to CBSSN no later than three (3) weeks prior to the initial Telecast of the applicable
Program. In the event that CFFC is unable to deliver the creative for the billboards in accordance with the terms set forth herein,
CFFC acknowledges and agrees that it will forfeit any and all rights to such billboard positions and will receive no further consideration
in this regard. CBSSN retains the unfettered right to sell separately or packaged with commercial inventory all remaining in-Program
billboards in each Program.

 

		10.3.	Sponsorships.

 

		10.3.1.	CFFC has the exclusive right to sell the title sponsorship in and to each Program. CBSSN has the
exclusive right to sell the presenting sponsorship in and to each Program. Each party has the right to sell additional sponsorships
in and to the Programs to third parties; provided, however, that each party shall consult with the other party prior to entering
into any such arrangement to ensure that any such sponsor will not conflict with any other Program sponsor. All Event and/or Program
sponsors, including the title sponsor, are subject to CBSSN’s prior written approval, not to be unreasonably withheld or
delayed. Each party retains the proceeds received by it in connection with sponsorship sales.

 

		10.3.2.	The parties acknowledge that certain Events may take place at casinos and such casinos may receive
exposure in their corresponding Programs, which may include, without limitation, verbal mentions, “beauty shots,” and/or
camera visible signage featuring the entertainment versions of such properties that specifically exclude any references to gambling,
adult entertainment and/or the properties as being casinos except when referencing the full name of each venue. Notwithstanding
the foregoing, CFFC acknowledges and agrees that no such exposure may be in the form of separate features, segments or vignettes.

 

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		10.4.	Sponsored Elements. CBSSN shall provide CFFC with one (1) in-Program sponsored element in
each Program for use by the Program’s designated national sponsors. Each sponsored element supplied by CFFC is subject to
CBSSN’s standards and practices and CBSSN’s prior written approval. Placement of each sponsored element will be determined
by CBSSN in its sole discretion. CFFC shall deliver the creative for each sponsored element to CBSSN no later than three (3) weeks
prior to the initial Telecast of the applicable Program. In the event that CFFC is unable to deliver the creative for the sponsored
elements in accordance with the terms set forth herein, CFFC acknowledges and agrees that it will forfeit any and all rights to
such sponsored elements and will receive no further consideration in this regard. CBSSN retains the unfettered right to sell separately
or packaged with commercial inventory all remaining in-Program sponsored elements in each Program.

 

		10.5.	Additional Commercial Inventory. Subject to availability in each instance, CFFC may purchase
additional thirty-second (00:00:30) units of commercial inventory (each, an “Additional Unit,” collectively, the “Additional
Units”) in each Guaranteed Telecast of each Program on the Network, at a rate of Seven Hundred Fifty U.S. Dollars ($750)
per unit, such Additional Unit(s), if any, for use by the Event’s designated national sponsors. Any amount(s) due and payable
to CBSSN in connection with CFFC’s purchase of Additional Units must be paid in full within thirty (30) days of CFFC’s
receipt of an invoice for the same. Any Additional Units purchased by CFFC in connection with this Section 10.5 will be subject
to the terms and conditions governing commercial inventory, as set forth in Subsections 10.1 above.

 

		11.	On-Site Signage. CFFC will not display or permit any third-party to display at the venue
for any Event any visible signs, billboards or other display or public announcement for any competitor of CBSSN and CBS Sports
(including, without limitation, any television network or video programming service; radio station or network; distribution service;
Internet website, service or portal that competes with CBSSports.com or CBSSportsnetwork.com; or any other entity engaged in a
business competitive with any business engaged in by CBSSN and/or its parent or affiliated companies) without CBSSN’s prior
written consent. CFFC shall use commercially reasonable efforts to prevent any person attending the Events from displaying a sign
or making an announcement that would violate this Section 11.

 

		12.	Promotion and Marketing Support. CFFC shall cooperate with CBSSN on the marketing and promotion
plan for CBSSN and its Telecast of the Programs. CFFC shall provide to CBSSN at no cost, the following: (i) on-site marketing and
promotional inventory including, without limitation camera-visible arena signage (no fewer than six (6) camera visible banners
for CBSSN, which banners will be at least as large and as prominently displayed as any other banners); (ii) CBSSN branding within
all Event-related media, Event-related print materials and publications; (iii) Event-related promotional opportunities; (iv) mutually
agreed upon Event-related press releases; (v) tickets (to include at least twenty (20) tickets for each Event, as requested by
CBSSN) and hospitality; and (vi) such other mutually agreed upon inventory. Furthermore, CFFC shall include a link from the Event
website’s home page and/or CFFC’s website home page, as applicable, to CBSSN’s designated website. CBSSN has
the right to use the marks, logos and other intellectual property of CFFC and of the Events in connection with the marketing and
promotion of CBSSN in routine promotional material. In addition, CFFC shall designate CBSSN as the “Official Television Partner”
of the Events in all Event-related press releases and on other Event-related advertising and promotional materials.

 

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		13.	Publicity. CFFC grants to CBSSN the right to Telecast and authorize third parties to Telecast
advertising and publicity in connection with any Event, the Programs, the Event, and the Network, including the names, photographs,
likenesses, acts, poses, voices and other sound effects of the participants, their teams, and CFFC, the logos of such teams, sponsors,
and all other persons rendering services in connection with the Programs.

 

		14.	CFFC Trademarks; CBSSN Graphics and CBSSN Materials.

 

		14.1.	CFFC Trademarks. CFFC hereby licenses to CBSSN the right to use the trademarks, service
marks, logos, copyrights and related rights owned or controlled by CFFC, the Event, Event sponsors, and the participating teams
in connection with its Telecast of the Programs and further in connection with its advertising and promotional efforts for the
Programs and/or the Network.

 

		14.2.	CBSSN Graphics and CBSSN Materials. CBSSN shall provide CFFC with a complete CBS Sports
Spectacular graphics package or other CBSSN graphic package, as determined by CBSN in its sole discretion, for use in the Programs
on the Network (the “CBSN Graphics”). Except as contemplated under this Agreement, CFFC has no other rights in and
to the CBSSN Graphics or the CBSSN Materials. CFFC acknowledges and agrees that it shall not combine any other graphic elements
with the CBSSN Graphics or CBSSN Materials, shall not alter the CBSSN Graphics or CBSSN Materials in any manner, including proportions,
font, design, arrangement, colors or elements nor may it morph or otherwise distort the CBSSN Graphics or CBSSN Materials in perspective
or appearance. CFFC further acknowledges and agrees that the CBSSN Graphics and CBSSN Materials and/or any portion thereof may
not be used in any offensive, vulgar, sexually explicit, obscene, defamatory or otherwise objectionable manner, as determined by
CBSSN in its sole discretion. CFFC has a limited non-exclusive, non-transferable and non-sublicensable right during to use and
display the CBSSN Graphics and CBSSN Materials solely in connection with the Programs under this Agreement and subject to the guidelines
and restrictions as provided by CBSSN. All uses of the CBSSN Graphics and CBSSN Materials shall inure to the benefit of CBSSN and
CFFC shall not at any time acquire any right, title or interest in the CBSSN Graphics or CBSSN Materials, or the goodwill associated
therewith, by virtue of such use, except the right to use the same as expressly provided. CFFC shall not do anything that would
impair CBSSN’s rights in the CBSSN Graphics and/or CBSSN Materials licensed hereunder.

 

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		15.	Press Announcement. CBSSN and CFFC may issue a joint press release announcing CBSSN as CFFC’s
Official Television Partner of the Event. The text of such press release is subject to both parties’ written approval prior
to any public release, which will not be unreasonably withheld by either party. CFFC shall not issue any other press release regarding
the subject matter of this Agreement without first obtaining CBSSN’s prior written approval.

 

		16.	Representations and Warranties.

 

		16.1.	CFFC represents and warrants to CBSSN as follows:

 

		16.1.1.	It has the right to enter into and perform this Agreement and grant the rights granted herein;
it has taken all necessary action to authorize the execution and delivery of this Agreement; and this Agreement does not and will
not violate any provisions of any other Agreement to which it is a party;

 

		16.1.2.	It has secured insurance coverage as set forth in and in accordance with Section 18 below;

 

		16.1.3.	Any employee, freelance or contract worker, consultant or other person CFFC retains in connection
with its performance of its obligations hereunder, including, without limitation, the Production Company, have received, or will
receive, all necessary training to perform the tasks to which they are assigned, and will comply with all reasonable and customary
health and safety standards in performing their obligations;

 

		16.1.4.	It is the sole and exclusive owner or licensee of any and all media rights worldwide to each Program
and each Event;

 

		16.1.5.	There are, and will be, no claims, liens, encumbrances or rights of any nature in or to the Licensed
Footage or any part thereof which can or will impair or interfere with the rights, privileges or licenses of CBSSN hereunder. “Licensed
Footage” is defined as the Programs, the CFFC Ancillary Materials, and each and every element thereof exclusive of CBSSN
materials;

 

		16.1.6.	The use and exhibition of the Licensed Footage and each and every part thereof, including the sounds
and music synchronized therewith, and the exercise of any right herein granted to CBSSN, will not violate or infringe upon the
trademark, trade name, copyright, patent, literary, dramatic, music, artistic, personal, private, contract, civil or property right,
right of privacy or publicity, or any other right of any person or constitute a defamation of any person, and the Licensed Footage
will not contain any unlawful or censorable material;

 

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		16.1.7.	It has not and will not sell, assign, transfer, convey or hypothecate to any person or company,
any right, title, or interest in or to the Licensed Footage, or any of the other rights granted to CBSSN except as otherwise permitted
hereunder;

 

		16.1.8.	It will ensure that no on-site signage at any Event and no Program content, commercial units, billboards
or sponsored placements provided or controlled by CFFC will contain any content or advertise any products or services that are
obscene or indecent, including, without limitation, any content or advertisements related to hard alcohol, tobacco, firearms, weapons,
political campaigns, political and/or social cause messaging, gambling or sexual pharmaceuticals;

 

		16.1.9.	No lawsuits are, or will be, threatened or pending in connection with the Licensed Footage; and

 

		16.1.10.	It will comply with all applicable laws, rules, and regulations.

 

		16.2.	CBSSN represents and warrants to CFFC as follows:

 

		16.2.1.	It has the right to enter into and perform this Agreement;

 

		16.2.2.	It has taken all necessary action to authorize the execution and delivery of this Agreement; and

 

		16.2.3.	This Agreement does not and will not violate any other agreement to which it is a party.

 

		17.	Indemnification: Limitation of Liability.

 

		17.1.	CFFC shall indemnify, defend, and hold CBSSN and its affiliates, exhibitors, assignees, licensees,
and its respective directors, officers, and employees (collectively the “CBSSN Indemnified Party(ies)”) harmless against
any and all liabilities, losses, damages, demands, claims, causes of action, costs and expenses (including reasonable third-party
attorneys’ fees) (“Losses”) arising out of or related to CFFC’s activities including without limitation,
breach of this Agreement (i.e., any action or lack of action inconsistent with any agreement, representation, grant, warranty
or obligation made or assumed by CFFC hereunder), claims based upon defamation, invasion of the right of privacy, misappropriation
of likeness, misrepresentation or infringement of copyright, patent, trademark, service mark, or trade name at any and all times.
If any claim covered by the foregoing is asserted against CBSSN Indemnified Party(ies) by a third-party, such CBSSN Indemnified
Party(ies) shall promptly give CFFC notice thereof and give CFFC an opportunity to assume full control of the defense thereof.

 

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The CBSSN Indemnified Party(ies)
shall extend its full cooperation in connection with such defense, subject to reimbursement for actual out-of-pocket expenses incurred
by such CBSSN Indemnified Party(ies) as a result of a request by CFFC. Any CBSSN Indemnified Party has the right to assume the
defense of any claim for which CFFC is obligated to indemnify, at its own risk and expense, and CFFC shall be bound by the results
obtained with respect to such claim, provided that CBSSN shall not settle any such claim without CFFC’s prior written approval,
such approval not to be unreasonably withheld or delayed. Score will be liable to such CBSSN Indemnified Party(ies) for any successful
action to enforce the indemnification rights hereunder, including, without limitation, reasonable attorney fees. If CFFC assumes
the defense of any such claim, CFFC shall use legal counsel pre-approved by CBSSN, and CFFC cannot settle any such claim without
the prior, written approval of such CBSSN Indemnified Party(ies). CBSSN shall indemnify, defend and hold CFFC and its affiliates,
assignees, and its respective directors, officers, and employees harmless against any and all Losses arising out of or related
to CBSSN’s material breach of this Agreement. This section survives the expiration or termination of this Agreement.

 

		17.2.	UNDER NO CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR SPECIAL, INDIRECT, INCIDENTAL
OR CONSEQUENTIAL DAMAGES, INCLUDING LOSS OF REVENUES, PROFITS, USE, GOODWILL, MARKET SHARE OR BUSINESS OPPORTUNITY, IN CONNECTION
WITH ANY CLAIM OR ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF THIS AGREEMENT, EXCEPT IN THE CASE OF A PARTY’S
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IN WHICH CASE THE LIMITATION OF LIABILITY SET FORTH HEREIN WILL NOT APPLY.

 

		18.	Insurance. CFFC shall secure an industry-standard package of insurance applicable to each
Event and each Program (including, without limitation, E&O insurance, property insurance, and general liability insurance)
each having a minimum limit of $3,000,000 per claim, $5,000,000 in the aggregate, and naming both CBSSN and CBS Corporation as
additional insureds thereon. CFFC shall furnish Certificates of Insurance in accordance with the foregoing. The coverage must be
primary and not have a deductible of more than $5,000 per occurrence, and any insurance maintained by CBSSN is in excess of and
not contributing to or with any insurance provided by CFFC.

 

		19.	Compliance with Law; FCC Regulations. CFFC covenants, warrants and represents that each
Program will comply with all applicable federal, state and local laws, rules and regulations, including, without limitation, the
rules and regulations of the Federal Communications Commission (“FCC”). Reference is hereby made to Section 507 of
the Federal Communications Act, as codified and amended (the “Act”), which makes it a criminal offense for any person
to accept or pay, or agree to accept or pay, any money, services or other valuable consideration for the inclusion of any material
in a television program or plug a product or services in such television program without publicly disclosing the fact of such payment
or plug agreement (otherwise known as the “payola” and “plugola” rules). CFFC hereby acknowledges that
it is familiar with the requirements of the Act; and CFFC hereby covenants, warrants and represents that neither it nor the Production
Company has (i) accepted (and will not accept) payment of any money, (ii) provided (and will not provide) services, or (iii) or
provided (and will not provide) any other valuable consideration, for the inclusion of any material in the Programs or plug a product
or services in the Programs, including, without limitation, the name or trademark of any person, product or service, without written
notice to CBSSN and without adequate disclosure as required by the Act and the rules and regulations of the FCC. This section survives
the termination of this Agreement.

 

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		20.	Satisfaction. CFFC shall perform, and cause the Production Company to perform, its services
to the full limit of its talents and capabilities and in accordance with CBSSN’s instructions and directions in all matters,
including those involving artistic taste and judgment. Any obligations of CBSSN hereunder, including without limitation any obligations
to Telecast the Programs, are subject to CBSSN’s sole satisfaction with the Programs.

 

		21.	Force Majeure. Notwithstanding anything herein contained to the contrary, neither party
is liable to the other for damages due to a failure to perform hereunder caused by any cause beyond its reasonable control, including,
without limitation, natural disaster, accident, casualty, labor controversy, civil disturbance, embargo, war, threat of war, act
or threat of terrorism, act of God, any government ordinance or law, the issuance of any executive or judicial order or judgment,
or any failure or delay with respect to any electrical or sound equipment or transmission equipment or apparatus (collectively
“Force Majeure Events”). In the event CFFC is delayed in the performance of any of its obligations hereunder for any
such cause beyond its reasonable control, then such performance shall take place thereafter as is reasonably practicable.

 

		22.	Termination. CBSSN has the right to terminate this Agreement: (i) upon notice or discovery
of an event of an incurable material breach by CFFC; or (ii) in the event of a curable material breach by CFFC which is not cured
by CFFC within fifteen (15) business days after written notice thereof. Further, CBSSN may terminate this Agreement at any time
if it decides to discontinue the distribution of the Network.

 

		23.	Miscellaneous.

 

		23.1.	Relationship. The provisions of this Agreement are for the exclusive benefit of the
                                                                   parties hereto and CBSSN’s transferees and assigns, and no third-party is the beneficiary of, or has any rights by
                                                                   virtue of, this Agreement. Neither party is, nor may hold itself out as, the agent of the other or as joint venturers under
                                                                   this Agreement. The relationship between the parties is at all times that of independent contracting parties. Each party is
                                                                   fully responsible for all persons and entities it employs or retains, unless otherwise specifically provided in this
                                                                   Agreement.

 

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		23.2.	Severability; Waiver. The invalidity under applicable law of any provision of this Agreement
does not affect the validity of any other provision of this Agreement, and in the event that any provision hereof is determined
to be invalid or otherwise illegal, this Agreement remains effective and is construed in accordance with its terms as if the invalid
or illegal provision were not contained herein. Any waiver of any provision of this Agreement must be in writing and signed by
the party whose rights are being waived. No waiver of any breach of any provision hereof is or will be deemed to be a waiver of
any preceding or subsequent breach of the same or any other provision of this Agreement. The failure of either party to enforce
or seek enforcement of the terms of this Agreement following any breach will not be construed as a waiver of such breach.

 

		23.3.	Notices. All notices and other communications required under this Agreement must be in writing
and deemed duly given if (i) delivered personally or via email, (ii) mailed by certified or registered mail with postage prepaid,
or (iii) sent by next-day or overnight mail or delivery. All such notices are deemed given on the date actually delivered (except
if such date is a Saturday, Sunday or legal holiday, in which case it is deemed given on the next business day). If a party delivers
any notice to the other party in a manner which does not comply with this section, then the notice is not deemed delivered until
such notice complies with this section. Each parties’ address(es) for notice(s) is/are as follows:

 

	 	If to CBSSN:	CBS Sports Network 
	 	 	51 West 52nd Street, 24th Floor 
	 	 	New York, New York 10019 
	 	 	Attn: EVP, Programming
	 	 	 
	 	Copy to:	CBS Sports Network
	 	 	51 West 52nd Street, 1345 Building
	 	 	New York, New York 10019
	 	 	Attn: VP and Associate General Counsel
	 	 	Email: csnlegal@cbs.com
	 	 	 
	 	If to CFFC:	CFFC Promotions, LLC 
	 	 	416 Kings Highway East 
	 	 	Haddonfield, New Jersey 08033 
	 	 	Attn: Robert J. Haydak Jr.
	 	 	Email:

 

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		23.4.	Confidentiality.

 

		23.4.1.	This Agreement and any Confidential Information disclosed by one party to the other party in accordance
with the Agreement will be and remain confidential between the parties and neither of the parties shall reveal such Confidential
Information to any third-party other than their respective employees, accountants, attorneys, consultants and financial advisors,
in all cases, on a need-to-know basis and provided that such persons agree in writing to comply with the confidentiality obligations
of this Section 23.4, except (i) as required by law, including, without limitation, to the extent necessary to comply with Securities
and Exchange Commission or similar disclosure requirements; (ii) to the extent necessary (redacted to the greatest extent possible)
to comply with law or with the valid order of an administrative agency or a court of competent jurisdiction; provided, however,
that (A) the disclosing party notifies the other party in writing as promptly as practicable of any request, demand, motion, petition,
or application seeking such disclosure (and, in all cases, prior to making such disclosure), (B) the disclosing party contests
such disclosure and seeks confidential treatment of such information to the extent that it is disclosed; and (C) if the disclosing
party is CFFC, CFFC shall provide CBSSN with all reasonably requested assistance in contesting such disclosure; or (iii) to enforce
its rights pursuant to this Agreement.

 

		23.4.2.	“Confidential Information” means all non-public information disclosed by one
party to the other in connection with this Agreement and the financial and other terms and provisions of this Agreement. For the
avoidance of doubt, any information relating to or disclosed in the course of negotiating and implementing this Agreement, which
is, or should be reasonably understood to be, confidential or proprietary to the disclosing party, is Confidential Information
and subject to the restrictions set forth hereunder. Confidential Information shall not include information that (i) is or becomes
generally available to the public other than (A) as a result of a disclosure, in violation of this Agreement, or (B) in violation
of a confidentiality obligation to the party who owns such Confidential Information which violation is known to the recipient of
such Confidential Information (“Recipient”); (ii) is or becomes available to the Recipient on a non-confidential basis
from a source that, to the knowledge of the Recipient, is entitled to disclose it; (iii) was known to the Recipient prior to its
disclosure to it by the other party; or (iv) is verifiably developed by the Recipient without the benefit of the information provided
by the other party.

 

		23.4.3.	Notwithstanding the foregoing, CBSSN may disclose the terms hereof to any parent or sister company
who will be under the same confidentiality obligations as detailed herein. This section survives the termination of this Agreement.

 

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		23.5.	Assignment. CFFC shall not assign this Agreement or any right under this Agreement and shall
not delegate any obligation under this Agreement. Any attempted assignment or delegation by CFFC is void. CBSSN may assign this
Agreement or any right under this Agreement or delegate any obligation under this Agreement. This Agreement binds and benefits
the parties and, in the case of CBSSN, its successors and assigns.

 

		23.6.	Attorneys’ Fees. In the event that a court proceeding, mediation and/or arbitration
to enforce or interpret the provisions of this Agreement occurs, then the prevailing party shall be entitled to recover from the
non-prevailing party, its direct costs, including reasonable third-party attorneys’ fees and costs.

 

		23.7.	Construction. This Agreement is deemed made, construed and interpreted under the laws of
the State of New York applicable to contracts entered into and performed in New York, without regard to the choice or conflict
of law rules of New York or any other jurisdiction. Each party hereby irrevocably and unconditionally submits to the general jurisdiction
of the federal and state courts located in in New York County and agrees that any action or proceeding concerning this Agreement
will be brought exclusively in such courts. This section will survive the expiration or termination of this Agreement.

 

		23.8.	Recitals. Recitals A, B, and C above are hereby incorporated herein by this reference.

 

		23.9.	Entire Agreement; Amendments. This Agreement supersedes and cancels all prior negotiations,
writings and understandings between the parties, and contains all of the terms of the agreement between parties in connection with
the subject matter contemplated herein. This Agreement may not be modified except in a writing executed by both parties hereto.

 

[SIGNATURE PAGE TO FOLLOW]

 

    	 	15

     

    

 

This Agreement is hereby executed by a
duly authorized representative of each party as of the Effective Date.

 

	CSTV NETWORKS, INC., d/b/a

    CBS SPORTS NETWORK	 	CFFC PROMOTIONS, LLC

 

	Signature:	/s/ Ethan
    J. Tyer	 	Signature:	/s/ Michael
    Constantino

 

	Ethan J. Tyer	 	Michael Constantino

 

	VP & Associate General
    Counsel 	 	President

 

	Date:	01/20/2016	 	Date:	1/20/16

 

    	 	16

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