Document:

Exhibit 10.13

 

AMENDED AND RESTATED

UNSECURED PROMISSORY NOTE

 

$600,000.00

 

New York, New York

Original Issue Date: February 12, 2015

 

FOR VALUE RECEIVED, ALLIANCE
MMA, INC., a Delaware corporation with an address of 590 MADISON AVENUE, 21ST FLOOR, NEW YORK, NEW YORK 10022 (“Borrower”),
unconditionally promises to pay to the order of IVY EQUITY INVESTORS, LLC., a Delaware limited liability company with an address
of 2 EAST 55TH STREET, SUITE 1111, NEW YORK, NEW YORK 10022 (“Lender”), in the manner and at the place hereinafter
provided, the principal amount of Six Hundred Thousand and No/100ths Dollars ($600,000.00) or such lesser amount that may be outstanding
based upon advances made to and other payments made on behalf of Borrower by Lender incident to the Borrower’s contemplated
IPO on the earlier of January 1, 2017, or the closing of the IPO (the “Maturity Date”). Borrower also promises
to pay to Lender, together with the principal amount referenced above simple interest on the outstanding principal balance of this
Note at the rate of six percent (6%) per annum compounded annually, pro-rated for the number of days that the Note is outstanding
until the Maturity Date on the basis of a 365-day year (the “Interest”). Lender and Borrower contemplate that
Lender will make several advances to or other payments on behalf of Borrower to facilitate the IPO and the related Target Company
Transactions, and that this Note will reflect the aggregate amount of such advances and payments. Lender will maintain a schedule
of advances and payments which shall be attached to this Note as Schedule A and which may be amended from time to time to
reflect advances and payments made. This Note amends and restates in its entirety that certain 6% Unsecured Promissory Note
with an initial principal amount of up to $500,000 due on the Maturity Date (the “Original Note”).

 

1.          Payments.
All payments of principal and Interest in respect of this Note shall be made in lawful money of the United States of America in
same day funds at the office of Lender set forth above or at such other place as Lender may direct. If any payment on this Note
is stated to be due on a day that is not a Business Day, such payment shall instead be made on the next Business Day.

 

2.          Prepayments
of Interest and Principal. The Borrower shall have the right at any time and from time to time to prepay the principal amount
and any Interest then due in whole or in part, without premium or penalty. All payments shall be applied first to accrued interest
and then to the then outstanding principal amount.

 

3.          Representations
and Warranties. Borrower hereby represents and warrants to Lender that:

 

(a)   this
Note constitutes the duly authorized, legally valid and binding obligation of Borrower, enforceable against Borrower in accordance
with its terms;

 

    	 	1	 

     

    

 

(b)   all
consents and grants of approval required to have been granted by any Person in connection with the execution, delivery and performance
of this Note have been granted;

 

(c)   the
execution, delivery and performance by Borrower of this Note does not and will not (i) violate or conflict with any law, governmental
rule or regulation, court order or agreement to which it is subject or by which its properties are bound or (ii) result in
the creation of any Lien or other encumbrance with respect to the property of Borrower; and

 

(d)   there
is no action, suit, proceeding or governmental investigation pending or, to the knowledge of Borrower, threatened against Borrower
or any of its assets which, if adversely determined, would have a material adverse effect on the properties, assets, condition
(financial or otherwise) or prospects of Borrower, taken as a whole, or the ability of Borrower to comply with its obligations
hereunder.

 

4.          Events of Default.
The occurrence of any of the following events shall constitute an “Event of Default”:

 

(a)   failure
of Borrower to pay the principal and Interest, if any, when due under this Note and such failure is not cured within three (3)
Business Days of receipt of written notice of such failure to pay; or

 

(b)   any
representation or warranty made by Borrower to Lender in connection with this Note shall prove to have been false in any material
respect when made; or

 

(c)   (i) a
court having jurisdiction in the premises shall enter a decree or order for relief in respect of Borrower in an involuntary case
under Title 11 of the United States Code entitled “Bankruptcy” (as now and hereinafter in effect, or any successor
thereto, the “Bankruptcy Code”) or any applicable bankruptcy, insolvency or other similar law now or hereafter
in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state
law; or (ii) an involuntary case shall be commenced against Borrower under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment
of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Borrower or over all or
a substantial part of its property shall have been entered; or the involuntary appointment of an interim receiver, trustee or other
custodian of Borrower for all or a substantial part of its property shall have occurred; or a warrant of attachment, execution
or similar process shall have been issued against any substantial part of the property of Borrower, and, in the case of any event
described in this clause (ii), such event shall have continued for thirty (30) days unless dismissed, bonded or discharged; or

 

    	 	2	 

     

    

 

(d)   an
order for relief shall be entered with respect to Borrower, or Borrower shall commence a voluntary case under the Bankruptcy Code
or any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or shall consent to the entry of an order
for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall
consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its
property; or Borrower shall make an assignment for the benefit of creditors; or Borrower shall be unable or fail, or shall admit
in writing its inability, to pay its debts as such debts become due.

 

5.          Remedies.
Upon the occurrence and during the continuance of any Event of Default Lender may, by written notice to Borrower, declare the principal
amount of this Note together with the Interest, if any, to be due and payable, and the principal amount of this Note together with
such Interest, if any, shall thereupon immediately become due and payable without presentment, further notice, protest or other
requirements of any kind (all of which are hereby expressly waived by Borrower). Upon the occurrence and during the continuance
of any Event of Default, interest shall accrue at the rate of twelve percent (12%) per annum (the “Default Rate”).

 

6.          Definitions.
The following terms used in this Note shall have the following meanings (and any of such terms may, unless the context otherwise
requires, be used in the singular or the plural depending on the reference):

 

“Business
Day” means any day other than a Saturday, Sunday or legal holiday under the laws of the State of New York or any other
day on which banking institutions located in such state are authorized or required by law or other governmental action to close.

 

“Event
of Default” means any of the events set forth in Section 4.

 

“IPO”
means an underwritten public offering of shares of Common Stock or other equity interests which generates cash proceeds sufficient
to close on the Target Company Transactions pursuant to which the Common Stock or other equity interests will be listed or quoted
on a Trading Market.

 

“Liens”
means a lien, charge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Person”
means any individual, partnership, limited liability company, joint venture, firm, corporation, association, bank, trust or other
enterprise, whether or not a legal entity, or any government or political subdivision or any agency, department or instrumentality
thereof.

 

“Target Company”
means one of approximately fifteen companies primarily engaged in the business of promoting and conducting mixed martial arts or
“MMA” events throughout the United States or providing services related to such events.

 

“Target
Company Transactions” means the acquisition by Borrower of the Target Companies that will occur substantially contemporaneously
with the consummation of the IPO.

 

    	 	3	 

     

    

 

“Trading
Market” means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the American Stock Exchange, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,
the New York Stock Exchange or the OTC Bulletin Board.

 

7.          Miscellaneous.

 

(a)   All
notices and other communications provided for hereunder shall be in writing (including faxes) and mailed (certified by the US Postal
service), telecopied, or delivered as follows: if to Borrower, at its address specified opposite its signature below; and if to
Lender, at the address set forth above; or in each case at such other address as shall be designated by Lender or Borrower, with
a copy to Borrower’s counsel as follows:

 

Robert Mazzeo

MazzeoSong P.C.

444 Madison Avenue, Fourth Floor

New York, NY 10022

 

All such notices
and communications shall, when mailed (as set forth above), faxed or sent by overnight courier, be effective when deposited in
the mails, delivered to the overnight courier, as the case may be, or sent by fax. Electronic mail may be used to distribute routine
communications.

 

(b)   No
failure or delay on the part of Lender or any other holder of this Note to exercise any right, power or privilege under this Note
and no course of dealing between Borrower and Lender shall impair such right, power or privilege or operate as a waiver of any
default or an acquiescence therein, nor shall any single or partial exercise of any such right, power or privilege preclude any
other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies expressly provided
in this Note are cumulative to, and not exclusive of, any rights or remedies that Lender would otherwise have. No notice to or
demand on Borrower in any case shall entitle Borrower to any other or further notice or demand in similar or other circumstances
or constitute a waiver of the right of Lender to any other or further action in any circumstances without notice or demand.

 

(c)   THIS
NOTE AND THE RIGHTS AND OBLIGATIONS OF BORROWER AND LENDER HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.

 

(d)        ALL
JUDICIAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS NOTE SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION
IN THE STATE OF NEW YORK, CITY OF NEW YORK, BOROUGH OF MANHATTAN, AND BY EXECUTION AND DELIVERY OF THIS NOTE BORROWER ACCEPTS FOR
ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS
AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION
WITH THIS NOTE. Borrower hereby agrees that service of all process in any such proceeding in any such court may be made by registered
or certified mail, return receipt requested, to Borrower at its address set forth below its signature hereto, with a copy to Borrower’s
counsel as set forth above, such service being hereby acknowledged by Borrower to be sufficient for personal jurisdiction in any
action against Borrower in any such court and to be otherwise effective and binding service in every respect. Nothing herein shall
affect the right to serve process in any other manner permitted by law or shall limit the right of Lender to bring proceedings
against Borrower in the courts of any other jurisdiction.

 

    	 	4	 

     

    

 

(e)          BORROWER
AND, BY ITS ACCEPTANCE OF THIS NOTE, LENDER AND ANY SUBSEQUENT HOLDER OF THIS NOTE, HEREBY IRREVOCABLY AGREE TO WAIVE THEIR RESPECTIVE
RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE OR ANY DEALINGS BETWEEN THEM RELATING
TO THE SUBJECT MATTER OF THIS NOTE AND THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The scope of this waiver is
intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of
this transaction, including without limitation contract claims, tort claims, breach of duty claims and all other common law and
statutory claims. Borrower and, by their acceptance of this Note, Lender and any subsequent holder of this Note, each (i) acknowledges
that this waiver is a material inducement to enter into a business relationship, that the other parties have already relied on
this waiver in entering into this relationship, and that each party will continue to rely on this waiver in their related future
dealings and (ii) further warrants and represents that it has reviewed this waiver with its legal counsel and that it knowingly
and voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT
IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS
OR MODIFICATIONS OF THIS NOTE. In the event of litigation, this provision may be filed as a written consent to a trial by the court.

 

(f)          Borrower
hereby waives the benefit of any statute or rule of law or judicial decision which would otherwise require that the provisions
of this Note be construed or interpreted most strongly against the party responsible for the drafting thereof.

 

(g)          Borrower
waives presentment for payment, demand, notice of demand, notice of non-payment or dishonor, protest of this Note, and all other
notices in connection with the delivery, acceptance, performance, default or enforcement of payment of this Note.

 

[Signature Page Follows]

 

    	 	5	 

     

    

 

IN WITNESS WHEREOF, Borrower
has executed and delivered this Note as of the day and year and at the place first above written.

 

	 	ALLIANCE MMA, INC.
	 	 	 
	 	By:	/s/ Paul K. Danner, III
	 	 	Paul K. Danner, III
	 	 	CEO
	 	 
	 	Address for Notices:
	 	Alliance MMA, Inc.
	 	590 Madison Avenue, 21st Floor
	 	New York, New York 10022
	 	Attention: Paul K. Danner, III, CEO
	 	Phone:  (212) 739-7825
	 	Facsimile:  (212) 658-9291

 

    	 	6	 

     

    

 

SCHEDULE A

TO

AMENDED AND RESTATED

UNSECURED PROMISSORY NOTE

 

	Interest	 	6	%	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	Advance Date	 	Amount	 	 	Amount Repaid
 or Credited	 	 	Accrued Interest 
 Through 8/12/16	 
	2/12/15	 	 	 	 	 	$	(5,289.14	)	 	 	 	 
	2/27/15	 	$	62,500.00	 	 	 	 	 	 	$	5,465.75	 
	3/15/15	 	$	9,210.86	 	 	 	 	 	 	$	781.28	 
	4/1/15	 	$	2,000.00	 	 	 	 	 	 	$	164.05	 
	4/15/15	 	$	12,500.00	 	 	 	 	 	 	$	996.58	 
	4/20/15	 	$	2,000.00	 	 	 	 	 	 	$	157.81	 
	4/30/15	 	$	2,000.00	 	 	 	 	 	 	$	154.52	 
	5/15/15	 	$	14,500.00	 	 	 	 	 	 	$	1,084.52	 
	6/1/15	 	$	2,000.00	 	 	 	 	 	 	$	144.00	 
	6/15/15	 	$	14,500.00	 	 	 	 	 	 	$	1,010.63	 
	7/15/15	 	$	12,500.00	 	 	 	 	 	 	$	809.59	 
	7/18/15	 	$	18,200.05	 	 	 	 	 	 	$	1,169.79	 
	7/21/15	 	$	10,000.00	 	 	 	 	 	 	$	673.81	 
	8/15/15	 	$	12,500.00	 	 	 	 	 	 	$	745.89	 
	8/20/15	 	$	3,000.00	 	 	 	 	 	 	$	176.55	 
	9/5/15	 	$	3,000.00	 	 	 	 	 	 	$	168.66	 
	9/15/15	 	$	12,500.00	 	 	 	 	 	 	$	682.19	 
	9/30/15	 	$	3,000.00	 	 	 	 	 	 	$	156.33	 
	10/5/15	 	$	3,000.00	 	 	 	 	 	 	$	153.86	 
	10/15/15	 	$	12,500.00	 	 	 	 	 	 	$	620.55	 
	10/20/15	 	$	3,000.00	 	 	 	 	 	 	$	146.47	 
	11/5/15	 	$	3,000.00	 	 	 	 	 	 	$	138.58	 
	11/15/15	 	$	12,500.00	 	 	 	 	 	 	$	556.85	 
	11/20/15	 	$	14,699.00	 	 	 	 	 	 	$	642.73	 
	11/30/15	 	$	50,000.00	 	 	 	 	 	 	$	2,104.11	 
	12/4/15	 	$	3,000.00	 	 	 	 	 	 	$	124.27	 
	12/14/15	 	$	4,000.00	 	 	 	 	 	 	$	159.12	 
	12/15/15	 	$	39,840.00	 	 	 	 	 	 	$	1,578.32	 
	12/17/15	 	$	9,000.00	 	 	 	 	 	 	$	353.59	 
	12/21/15	 	$	3,000.00	 	 	 	 	 	 	$	115.89	 
	 	 	$	353,449.91	 	 	 	 	 	 	$	21,200.28	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	1/1/16	 	$	12,701.30	 	 	 	 	 	 	$	467.69	 
	2/1/16	 	$	12,500.00	 	 	 	 	 	 	$	396.58	 
	3/1/16	 	$	97,000.00	 	 	 	 	 	 	$	2,615.01	 
	3/31/16	 	$	25,000.00	 	 	 	 	 	 	$	550.68	 
	4/15/16	 	$	12,500.00	 	 	 	 	 	 	$	244.52	 
	5/13/16	 	$	7,000.00	 	 	 	 	 	 	$	104.71	 
	5/16/16	 	$	12,500.00	 	 	 	 	 	 	$	180.82	 
	6/13/16	 	$	70,000.00	 	 	 	 	 	 	$	690.41	 
	6/15/16	 	$	12,500.00	 	 	 	 	 	 	$	119.18	 
	 	 	$	261,701.30	 	 	 	 	 	 	$	5,369.60	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	7/19/16	 	$	50,000.00	 	 	 	 	 	 	$	197.26	 
	 	 	$	665,151.21	 	 	 	 	 	 	$	26,569.89	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	7/28/16	 	$	35,000.00	 	 	 	 	 	 	$	86.30	 
	 	 	 	700,151.21	 	 	 	 	 	 	$	26,853.45	 
	 	 	 	 	 	 	 	 	 	 	$	 	 
	Total P&I	 	$	727,004.66	 	 	 	 	 	 	 	 	 

 

    	 	7Exhibit 10.14

 

ESCROW DEPOSIT AGREEMENT

 

This ESCROW DEPOSIT
AGREEMENT (this “Agreement”) dated as of this 20th day of July 2016, by and among ALLIANCE MMA, INC.,
a Delaware corporation (the “Company”), having an address at 590 Madison Avenue, 21st Floor, New
York, New York 10022, NETWORK 1 FINANCIAL SECURITIES, INC. (the “Underwriter”), having an address at
2 Bridge Avenue, Red Bank, New Jersey 07701 and SIGNATURE BANK (the “Escrow Agent”), a New York chartered
bank, having an office at 950 Third Avenue, New York, New York 10022. All capitalized terms not herein defined shall have the meanings
ascribed to them in the Company’s Registration Statement on Form S-1, filed with the Securities and Exchange Commission on
or about June 30, 2016, including all attachments, schedules and exhibits thereto (the “Registration Statement”).

 

W I T N E
S S E T H:

 

WHEREAS, as
described in the Registration Statement, the Company intends to sell (the “Offering”) a minimum of $5,000,000
(the “Minimum Amount”) and a maximum of $15,000,000 (the “Maximum Amount”) of its shares
of common stock (the “Shares”). Each Share is being sold at a price of $4.50 per Share; and

 

WHEREAS, unless
the Minimum Amount is sold by October 31, 2016 (the “Termination Date”), the Offering shall terminate and all
funds shall be returned to the subscribers in the Offering, and if the Minimum Amount is met, the Offering may continue until the
Termination Date; and

 

WHEREAS, the
Company and Underwriter desire to establish an escrow account with the Escrow Agent into which the Company and Underwriter shall
instruct Investors introduced to the Company by Underwriter (the “Investors”) to send funds by wire transfer
or to deposit checks and other instruments for the payment of money made payable to the order of “Signature Bank as Escrow
Agent for Alliance MMA, Inc.,” and Escrow Agent is willing to accept said wires, checks and other instruments for the payment
of money in accordance with the terms hereinafter set forth; and

 

WHEREAS, the
Company, as issuer, and Underwriter, as underwriter, each represents and warrants to the Escrow Agent that it will comply with
all of its obligations under applicable state and federal securities laws and regulations with respect to sale of the Shares; and

 

WHEREAS, the
Company and Underwriter each represents and warrants to the Escrow Agent that it has not stated to any individual or entity that
the Escrow Agent’s duties will include anything other than those duties stated in this Agreement.

 

WHEREAS, the
Company and Underwriter each warrants to the Escrow Agent that a copy of each document that it has delivered to Investors
and third parties that include Escrow Agent’s name and duties is attached hereto as Schedule I.

 

     

     

    

 

NOW, THEREFORE,
IT IS AGREED as follows:

 

1.            Delivery of Escrow Funds.

 

(a) Underwriter and the Company shall instruct Investors to make payment for the shares they purchase
by (i) delivering to the Escrow Agent, Signature Bank, at 950 Third Avenue, New York, New York 10022, checks made payable to the
order of  “Signature Bank, as escrow agent for Alliance MMA, Inc.,” or (ii) wire transfer to Signature Bank, ABA
No. 026013576, Account No. 1502649902, 950 Third Avenue, New York, New York 10022 for credit Signature Bank, as escrow agent for
Alliance MMA, Inc., in each case, with the name and address of the individual or entity making payment. In the event any Investor’s
address is not provided to Escrow Agent by the Investor, then Underwriter and/or the Company agree to promptly provide Escrow Agent
with such information in writing. The checks or wire transfers shall be deposited into a non-interest-bearing account at Signature
Bank entitled “Alliance MMA, Inc., Signature Bank, as Escrow Agent” (the “Escrow Account”).

 

(b)The collected
funds deposited into the Escrow Account are referred to as the “Escrow Funds.”

 

(c)The Escrow Agent
shall have no duty or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account.
If, for any reason, any check deposited into the Escrow Account shall be returned unpaid to the Escrow Agent, the sole duty of
the Escrow Agent shall be to return the check to the Investor and advise the Company and Underwriter promptly thereof.

 

2.            Release of Escrow Funds. The
Escrow Funds shall be paid by the Escrow Agent in accordance with the following:

 

(a)In the event
that the Company and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination
Notice”), the Escrow Agent shall promptly return the funds paid by each Investor to said Investor without interest or
offset within one (1) business day.

 

(b) Intentionally
Omitted.

 

(c) Provided that
the Escrow Agent does not receive the Termination Notice in accordance with Section 2(a) and there is the Minimum Amount deposited
into the Escrow Account on or prior to the Termination Date, the Escrow Agent shall, upon receipt of written instructions, in the
form of Exhibit A, attached hereto and made a part hereof, or in a form and substance satisfactory to the Escrow Agent, received
from the Company and Underwriter, pay the Escrow Funds in accordance with such written instructions, such payment or payments to
be made by wire transfer within one (1) business day of receipt of such written instructions. Such instructions must be received
by the Escrow Agent no later than 3:00 PM Eastern Time on a Banking Day for the Escrow Agent to process such instructions that
Banking Day.

 

     

     

    

 

(d)If by 3:00 P.M.
Eastern time on the Termination Date the Escrow Agent has not received written instructions from the Company and Underwriter regarding
the disbursement of the Escrow Funds or the total amount of the Escrow Funds is less than the Minimum Amount, then the Escrow Agent
shall promptly return the Escrow Funds to the Investors without interest or offset. The Escrow Funds returned to each Investor
shall be free and clear of any and all claims of the Escrow Agent.

 

(e)The Escrow Agent
shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

 

(f)If the
Termination Date or any date that is a deadline under this Agreement for giving the Escrow Agent
notice or instructions or for the Escrow Agent to take action is not a Banking Day, then such date shall be the Banking Day
that immediately precedes that date. A “Banking Day” is any day other than a Saturday, Sunday or a day
that a New York State chartered bank is not legally obligated to be opened.

 

3.            Acceptance by Escrow Agent.
The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that:

 

(a)The Escrow Agent
may act in reliance upon any signature reasonably believed by it to be genuine, and may assume that any person who has been designated
by Underwriter or the Company to give any written instructions, notice or receipt, or make any statements in connection with the
provisions hereof has been duly authorized to do so. Escrow Agent shall have no duty to make inquiry as to the genuineness, accuracy
or validity of any statements or instructions or any signatures on statements or instructions. The names and true signatures of
each individual authorized to act singly on behalf of the Company and Underwriter are stated in Schedule II, which is attached
hereto and made a part hereof. The Company and Underwriter may each remove or add one or more of its authorized signers stated
on Schedule II by notifying the Escrow Agent of such change in accordance with this Agreement, which notice shall include
the true signature for any new authorized signatories.

 

(b)The Escrow Agent
may act relative hereto in reliance upon advice of counsel in reference to any matter connected herewith. The Escrow Agent shall
not be liable for any mistake of fact or error of judgment or law, or for any acts or omissions of any kind, unless caused by its
willful misconduct or gross negligence.

 

(c)Underwriter
and the Company agree to indemnify and hold the Escrow Agent harmless from and against any and all claims, losses, costs, liabilities,
damages, suits, demands, judgments or expenses (including but not limited to reasonable attorney’s fees) claimed against
or incurred by Escrow Agent arising out of or related, directly or indirectly, to this Escrow Agreement unless caused by the Escrow
Agent’s gross negligence or willful misconduct.

 

     

     

    

 

(d)In the event
that the Escrow Agent shall be uncertain as to its duties or rights hereunder, the Escrow Agent shall be entitled to (i) refrain
from taking any action other than to keep safely the Escrow Funds until it shall be directed otherwise by a court of competent
jurisdiction, or (ii) deliver the Escrow Funds to a court of competent jurisdiction.

 

(e)The Escrow Agent
shall have no duty, responsibility or obligation to interpret or enforce the terms of any agreement other than Escrow Agent’s
obligations hereunder, and the Escrow Agent shall not be required to make a request that any monies be delivered to the Escrow
Account, it being agreed that the sole duties and responsibilities of the Escrow Agent shall be to the extent not prohibited by
applicable law (i) to accept checks or other instruments for the payment of money and wire transfers delivered to the Escrow Agent
for the Escrow Account and deposit said checks and wire transfers into the non-interest bearing Escrow Account, and (ii) to disburse
or refrain from disbursing the Escrow Funds as stated above, provided that the checks received by the Escrow Agent have been collected
and are available for withdrawal.

 

4.            Escrow Account Statements and
Information. The Escrow Agent agrees to send to the Company and/or the Underwriter a copy of the Escrow Account periodic
statement, upon request in accordance with the Escrow Agent’s regular practices for providing account statements to its non-escrow
clients and to also provide the Company and/or Underwriter, or their designee, upon request other deposit account information,
including Escrow Account balances, by telephone or by computer communication, to the extent practicable. The Company and Underwriter
agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The Company and Underwriter each
consent to the Escrow Agent’s release of such Escrow Account information to any of the individuals designated by Company
or Underwriter, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule II. 
Further, the Company and Underwriter have an option to receive e-mail notification of incoming and outgoing wire transfers. If
this e-mail notification service is requested and subsequently approved by the Escrow Agent, the Company and Underwriter agrees
to provide a valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required
for such service. The Company and Underwriter each consent to the Escrow Agent’s release of wire transfer information to
the designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed
the cost of providing such information.

 

5.            Resignation and Termination of
the Escrow Agent. The Escrow Agent may resign at any time by giving 30 days’ prior written notice of such resignation
to Underwriter and the Company. Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except
to hold as depositary the Escrow Funds that it receives until the end of such 30-day period. In such event, the Escrow Agent shall
not take any action, other than receiving and depositing Investors checks and wire transfers in accordance with this Agreement,
until the Company has designated a banking corporation, trust company, attorney or other person as successor. Upon receipt of such
written designation signed by Underwriter and the Company, the Escrow Agent shall promptly deliver the Escrow Funds to such successor
and shall thereafter have no further obligations hereunder. If such instructions are not received within 30 days following the
effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds held by it pursuant to this Agreement with
a clerk of a court of competent jurisdiction pending the appointment of a successor. In either case provided for in this Section,
the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to
the Escrow Funds.

 

     

     

    

 

6.            Termination. The Company and
Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon which such
termination shall take effect, which date shall be at least 30 days from the date of such notice. In the event of such termination,
the Company and Underwriter shall, within 30 days of such notice, appoint a successor escrow agent and the Escrow Agent shall,
upon receipt of written instructions signed by the Company and Underwriter, turn over to such successor escrow agent all of the
Escrow Funds; provided, however, that if the Company and Underwriter fail to appoint a successor escrow agent within
such 30-day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the
provisions hereof. Upon receipt of the Escrow Funds, the successor escrow agent shall become the escrow agent hereunder and shall
be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability
thereafter arising with respect to the Escrow Funds and under this Agreement.

 

7.            Investment. All funds
received by the Escrow Agent shall be held only in non-interest bearing bank accounts at Signature Bank.

 

8.            Compensation.
Escrow Agent shall be entitled, for the duties to be performed by it hereunder, to a fee of $4,000.00, which fee shall be paid
by the Company upon the signing of this Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all
fees, costs and expenses incurred or that become due in connection with this Agreement or the Escrow Account, including reasonable
attorney’s fees. Neither the modification, cancellation, termination or rescission of this Agreement nor the resignation
or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount of any fee which has been paid,
or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective date of any such modification,
cancellation, termination, resignation or rescission. To the extent the Escrow Agent has incurred any such expenses, or any such
fee becomes due, prior to any closing, the Escrow Agent shall advise the Company and the Company shall direct all such amounts
to be paid directly at any such closing.

 

9.            Notices. All notices, requests,
demands and other communications required or permitted to be given hereunder shall be in writing and shall be deemed to have been
duly given if sent by hand-delivery, by facsimile (followed by first-class mail), by nationally recognized overnight courier service
or by prepaid registered or certified mail, return receipt requested, to the addresses set forth below:

 

If to Underwriter:

 

Network 1 Financial
Securities, Inc.

The Galleria
Building, 4th Floor

Red Bank,
NJ 07701

Attention:
Keith Testaverde

ktestaverde@netw1.com

 

     

     

    

 

If to the Company:

 

Alliance
MMA, Inc.

590 Madison
Ave, 21st Floor

NY, NY 10022

Attention:
Paul Danner

pdanner@alliancemma.com

 

If to Escrow Agent:

 

Signature Bank

950 Third Avenue

New York, New York 10022

Attention:
John Gonzalez, Group Director & Senior Vice President 

Fax: (646) 822-1520

 

10.           General.

 

(a)This Agreement shall
be governed by and construed and enforced in accordance with the laws of the State of New York applicable to agreements made and
to be entirely performed within such State, without regard to choice of law principles and any action brought hereunder shall be
brought in the courts of the State of New York, located in the City of New York. Each party hereto irrevocably waives any objection
on the grounds of venue, forum nonconveniens or any similar grounds and irrevocably consents to service of process by mail or in
any manner permitted by applicable law and consents to the jurisdiction of said courts. EACH OF THE PARTIES HERETO HEREBY WAIVES
ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

 

(b)This Agreement
sets forth the entire
agreement and understanding of the parties with respect to the matters contained herein and supersedes all prior agreements, arrangements
and understandings relating thereto.

 

(c)All of the terms
and conditions of this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties hereto,
as well as their respective successors and assigns.

 

(d)This Agreement
may be amended, modified, superseded or canceled, and any of the terms or conditions hereof may be waived, only by a written instrument
executed by each party hereto or, in the case of a waiver, by the party waiving compliance. The failure of any party at any time
or times to require performance of any provision hereof shall in no manner affect its right at a later time to enforce the same.
No waiver of any party of any condition, or of the breach of any term contained in this Agreement, whether by conduct or otherwise,
in any one or more instances shall be deemed to be or construed as a further or continuing waiver of any such condition or breach
or a waiver of any other condition or of the breach of any other term of this Agreement. No party may assign any rights, duties
or obligations hereunder unless all other parties have given their prior written consent.

 

(e)If any provision
included in this Agreement proves to be invalid or unenforceable, it shall not affect the validity of the remaining provisions.

 

     

     

    

 

(f)This Agreement
and any modification or amendment of this Agreement may be executed in several counterparts or by separate instruments and all
of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

11.           Form of Signature. The parties
hereto agree to accept a facsimile transmission or email copy of their respective actual signatures as evidence of their actual
signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each party
who produces a facsimile or emailed signature agrees, by the express terms hereof, to place, promptly after transmission of his
or her signature by fax or email, a true and correct original copy of his or her signature in overnight mail to the address of
the other party.

 

12.           No Third-Party Beneficiaries.  This
Agreement is solely for the benefit of the parties and their respective successors and permitted assigns, and no other person has
any right, benefit, priority, or interest under or because of the existence of this Agreement.

 

     

     

    

 

IN WITNESS WHEREOF, the parties
have duly executed this Agreement as of the date first set forth above.

 

	Alliance
    MMA, Inc.	 	Network
    1 Financial Securities, Inc.	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	  /s/
    Paul K. Danner, III	 	By:	 	  /s/
    Keith Testaverde	 
	 	 	Name:	 	Paul K. Danner,
    III	 	 	 	Name:	 	Keith Testaverde	 
	 	 	Title:	 	CEO	 	 	 	Title:	 	Sr. Vice President	 

 

 

	Signature Bank	 
	 	 	 	 
	 	 	 	 
	By:	 	  /s/
    John Gonzalez	 
		 	Name: John Gonzalez	 
	 	 	Title: Group Director & Senior Vice President

 

 

     

     

    

 

Schedule
I

 

OFFERING DOCUMENTS

 

 

    	Escrow Deposit Agreement - Public Offering	9	 

     

    

 

Schedule
II

 

The Escrow Agent is
authorized to accept instructions signed or believed by the Escrow Agent to be signed by any one of the following on behalf of
the Company and Underwriter.

 

	Alliance
    MMA, Inc.
	 	 	 
	Name	 	True Signature
	 	 	 
	Paul K. Danner, III	 	 
	 	 	 
	 	 	 
	Network
    1 Financial Securities, Inc.
	 	 	 
	Name	 	True Signature
	 	 	 
	Keith Testaverde	 	 
	 	 	 

 

 

    	Escrow Deposit Agreement - Public Offering	10	 

     

    

 

Exhibit A

 

FORM OF ESCROW RELEASE NOTICE

 

Date:

 

Signature Bank

[address of financial center]

______________

Attention: [name & title
of Group Director]

 

Dear _________:

 

In accordance with the terms of Section
2(c) of an Escrow Deposit Agreement, dated as of ________ __, 20__ (the "Escrow Agreement"), by and between ____________
(the "Company"), Signature Bank (the "Escrow Agent") and __________ ("Underwriter"), the Company
and Underwriter hereby notify the Escrow Agent that the ________ closing will be held on ___________ for gross proceeds of $_________.

 

 

PLEASE DISTRIBUTE FUNDS BY WIRE TRANSFER
AS FOLLOWS (wire instructions attached):

 

 

	________________________:	 	$
	 	 	 
	________________________:	 	$
	 	 	 
	________________________:	 	$

 

 

Very truly yours,

 

[insert Company’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

[insert Underwriter’s full legal name]

 

	By:	 	 	 
	Name:	 	 	 
	Title:

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