Document:

Exhibit 10.10

 

AGREEMENT

ITFS

 

THIS AGREEMENT is made effective as
of May 31, 2018 and between, Alliance MMA, Inc. (“Alliance” or the “Company”), with an address at 590
Madison Ave, 21st Floor, New York, New York, 10022 and Scott Sheeley, with an address of                                                           (the “Promoter”).

 

RECITALS

 

WHEREAS, The Promoter and the Company entered into (i)
that certain asset purchase agreement and amendment(s) dated December 8, 2016 (“APA”), under which the Company acquired
certain assets from the Promoter, all as described in Appendix A (the “Acquired Assets”);

 

In connection with the APA, the Promoter and the Company
entered into that certain employment agreement dated December 8, 2016 pursuant to which the Promoter operated the promotional business
related to the Acquired Assets (“Employment Agreement”);

 

WHEREAS, the Company and Promoter desire (i) to separate and terminate
the Employment Agreement and (ii) return to the Promoter the Acquired Assets currently owned by the Company and terminate the APA.

 

AGREEMENT

 

Now, therefore, the parties
hereto, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows:

 

		1.	Recitals. The foregoing recitals are hereby incorporated
into this Agreement.

 

		2.	Transfer of Acquired Assets. The Company does hereby convey to the Promoter all of its right, title and interest in
and to the those Acquired Assets still owned by the Company, which assets are listed in the APA.

 

		3.	Liabilities. Buyer is not assuming and shall not be held responsible for nor shall be required
to assume or be obligated to pay, discharge or perform, any debts, taxes, adverse claims, obligations or liabilities of the Company
of any kind or nature or at any time existing or asserted, whether fixed, contingent or otherwise, whether in connection with the
Acquired Assets, the business or otherwise and whether arising before or after the consummation of the transactions contemplated
by this Agreement, or bear any cost or charge with respect thereto, including without limitation, any accounts or notes payable,
taxes, warranty or personal injury claims accrued prior to the closing, commissions, union contracts, unemployment contracts, profit
sharing, retirement, pension, bonus, hospitalization, vacation or other employee benefits or any employment or old-age benefits
relating to the employees of the Company. Notwithstanding the foregoing, on the closing date, Promoter shall assume and agrees
to timely pay, perform and discharge the following Liabilities of the Company (collectively referred to as the “Assumed
Liabilities”):

 

     

     

    

 

(a)       all
Liabilities and all obligations arising after the closing date under the assumed contracts, other than any Liability arising out
of or relating to a breach by Company of any assigned contract that occurred prior to the closing date; and

 

(b)       all
Liabilities or other claims related to the business, that arise from acts performed by Promoter after the closing date or that
arise from ownership and operation of the Acquired Assets and business after the closing date.

 

For purposes of this Agreement,
 “Liability” means any debt, obligation, duty or liability of any nature (including unknown, undisclosed, unmatured,
unaccrued, unasserted, contingent, indirect, conditional, implied, vicarious, derivative, joint, several or secondary liability),
regardless of whether such debt, obligation, duty or liability would be required to be disclosed on a balance sheet prepared in
accordance with U.S. GAAP and regardless of whether such debt, obligation, duty or liability is immediately due and payable.

 

		4.	Warranties. The Company warrants that it has the authority to enter
into this Agreement; that it has full and complete title free and clear of any encumbrances or liens; that there are no claims,
actions, arbitrations, or investigations now pending or threatened against the Acquired Assets or the business being transferred;
that there are no brokers owed any commissions related to this transaction; that all known liabilities, including taxes, have been
disclosed; and that all known contracts have been disclosed.

 

		5.	Retention of AMMA Shares. Promoter shall retain any cash already paid and all shares of stock already issued to Promoter
pursuant to the APA including escrowed shares.

 

		6.	Termination of APA. The APA is hereby terminated and neither Company nor Promoter shall have any further rights or obligations
thereunder.

 

		7.	Termination of Employment Agreement. The Employment Agreement is hereby terminated and neither Company nor Promoter
shall have any further rights or obligations thereunder.

 

		8.	Voting Agreement. The Promoter agrees at the Company’s option to either give Company management a proxy to vote or to
directly vote all shares of Company common stock over which Promoter has voting control in favor of any transaction as to which
the Company’s Board of Directors recommends approval.

 

		9.	Deposit of Company Funds. The Promoter hereby represents and warrants to the Company that all proceeds from Company
related events and activities received by or on behalf of Promoter have been deposited into Company owned bank accounts and the
Promoter will continue to pursue collections of any current receivable balance recorded on the Company’s books and records and
will deposit those funds into the Company’s bank account.

 

     

     

    

 

		10.	Cooperation. Promoter shall cooperate with the Company and its auditors and provide such information as the auditors
require in connection with the preparation of interim and annual financial statements for the year ended December 31, 2018 and
will respond to these requests within 24 hours.

 

		11.	Release of Company. Subject to the terms and conditions set forth in this Agreement, the Promoter, including affiliates,
officers, directors, partners, shareholders, employees, agents and attorneys, hereby release and forever discharge both Ivy Equity
and the Company as well as its subsidiaries, officers, directors, partners, members, shareholders, employees, agents and attorneys
from all actions, causes of action, suits, debts, covenants, contracts, agreements, promises, trespasses, damages, payments, judgments,
claims and demands whatsoever, known or unknown, which such persons ever had, now have or hereafter may have for, upon or by reason
of any matter, cause or thing whatsoever from the beginning of the world to the date of this Agreement. Nothing in this release
shall prevent the enforcement of the provisions of this Agreement nor be deemed to release, waive, or discharge any claims arising
after the effective date of this Agreement.

 

		12.	Release of Promoter. Subject to the terms and conditions set forth in this Agreement, the Company, including its affiliates,
subsidiaries, officers, directors, employees, agents and attorneys, hereby release and forever discharge the Promoter and its officers,
directors, partners, shareholders, members, employees, agents, predecessors, and successors-in-interest, and attorneys from all
actions, causes of action, suits, debts, covenants, contracts, agreements, promises, trespasses, damages, payments, judgments,
claims and demands whatsoever, known or unknown, which the such persons ever had, now have or hereafter may have for, upon or by
reason of any matter, cause or thing whatsoever from the beginning of the world to the date of this Agreement. Nothing in this
release shall prevent the enforcement of the provisions of this Agreement, nor be deemed to release, waive, or discharge any claims
arising after the effective date of this Agreement.

 

		13.	Non-Disparagement. The Parties agree that from this time forward
each Party will refrain from making to a third party any defamatory, derogatory, or disparaging statements about the other, or
any person or entity associated with or representing the other.

 

		14.	Indemnity. The Company hereby agrees to indemnify, defend and hold the Promoter (including its officers, directors,
partners, shareholders, members, employees, agents, predecessors, and successors-in-interest) harmless from and against any liabilities,
losses, costs, damages, penalties, assessments, demands, claims, causes of action, including without limitation, reasonable attorneys’,
accountants’ and/or consultants’ fees and expenses, and court costs, including punitive, indirect, consequential, or other similar
damages (collectively, “Losses”) that relate in any way or arise out of the representations and warranties made by the
Company herein. Further, The Company agrees to indemnify the Promoter to the fullest extent permitted by Delaware Law and its organizational
documents against claims and liabilities arising during the course of Promoter’s employment by the Company, provided that such
claims and liabilities are not caused by the Promoter’s gross negligence, willful misconduct or violation of law. The Company represents
and warrants that its interest in and to the Acquired Assets is fully transferable and upon execution of this Agreement, the Promoter
shall receive legal and beneficial title to all of the Acquired Assets free and clear of all Encumbrances (as that term is defined
in the APA). The Company hereby agrees to indemnify, defend and hold the Promoter harmless from any Losses relating in any way
to a breach of the foregoing representation and warranty in the preceding sentence. Notwithstanding anything herein to the contrary,
the Company shall have no obligation to indemnify the Promoter in connection with any Losses that were proximately caused by the
Promoter’s own action or inaction.

 

     

     

    

 

		15.	Entire Agreement. The Agreement represents the entire agreement and understanding between the Parties concerning the
subject matter of this Agreement and supersedes any and all prior agreements or understandings. No materials outside the body of
this Agreement, either written or oral, shall constitute a part of the terms or conditions of this Agreement, except where otherwise
stated herein.

 

		16.	Applicable Law. This Agreement shall be construed and interpreted
in accordance with the laws of the State of New York. Any disputes or litigation arising out of this Settlement Agreement shall
be governed by New York law.

 

		17.	Binding Effect. This Agreement shall be binding on, and shall be enforceable against, and shall inure to the benefit
of the Parties to this Agreement and their respective past and present officers, directors, affiliates, member firms, subsidiaries,
parents, successors, shareholders, members, partners, general partners, limited partners, principals, participating principals,
managing members or other agents, management personnel, attorneys, servants, employees, representatives of any other kind (and
any officers, directors, members or shareholders of any of the foregoing which are not natural persons), spouses, estates, executors,
estate administrators, heirs, and assigns.

 

		18.	Waiver and Amendment. No provision of or rights under this Settlement Agreement may be waived or modified unless in
writing and signed by the Party whose rights are thereby waived or modified. Waiver of any one provision herein shall not be deemed
to be a waiver of any other provision herein (whether similar or not), nor shall such waiver constitute a continuing waiver unless
otherwise expressly so provided.

 

		19.	Disputes. In case any dispute shall arise under this agreement, the prevailing party shall be entitled to prompt reimbursement
of reasonable legal fees incurred in connection with the enforcement of this Agreement.

 

		20.	Confidentiality. The Parties and their respective counsel agree to
maintain in the strictest confidence and not disclose to the public, media, or any third parties (except upon order of a court
or governmental body, or as required by law or for reporting to their auditors, investors or similarly interested parties under
an obligation to maintain confidentiality) the contents and terms of this Agreement.

 

     

     

    

 

		21.	Common
Stock. The employment of the Promoter terminated effective May 31, 2018 (“Termination Date”). Accordingly, after
the Termination Date, the Promoter is no longer an employee of the Company. The shares of Common Stock currently owned by the
Promoter are no longer subject to any restriction resulting from Promoter’s status as an employee/officer of the Company. Accordingly,
the Promoter may sell the Common Stock owned by him/her, subject to compliance with applicable federal and state securities laws,
including laws related to insider trading.

 

The Parties hereto have executed
this Agreement as an instrument under seal as of the date written above.

 

	Alliance MMA, Inc.	 
	 	 
	/s/ John Price	 
	John Price, CFO, duly authorized	 
	 	 
	Promoter:	 
	 	 
	/s/ Scott Sheeley	 
	Scott Sheeley	 

 

     

     

    

 

SCHEDULE A

(Description of Assets)

 

Laptop computer

 

Printer

 

Promotion equipment (including MMA cage and related equipment)

 

ITFS business and related trademarks

 

Website, social media and video/production content

 

Lost manual paycheck for the period November 15,
2016 to December 15, 2016 for $4307.91 of which a copy is provided in Schedule B

 

Final Concur expense report

$946.43 ($589.32 Q meeting final & $357.71 Casino Monte)

 

Option award for 30,000 options at market 

 

     

     

    

 

SCHEDULE B

(Lost Manual Pay Check)Exhibit 10.11

 

AGREEMENT

SHOGUN

 

THIS AGREEMENT is made effective as of May 31, 2018 and between,
Alliance MMA, Inc. (“Alliance” or the “Company”), with an address at 590 Madison Ave, 21st
Floor, New York, New York, 10022 and Shogun Fights, LLC (“Shogun”), and John Rallo (“Rallo”)(Shogun and
Rallo are hereinafter collectively referred to as the “Promoter”).

 

RECITALS

 

WHEREAS, Rallo, Bang Time Entertainment, LLC (“Bang Time”)
and the Company entered into (i) that certain asset purchase agreement dated March 2016, as amended pursuant to Amendment No. 1
dated July 16, 2016 (collectively, the “APA”), under which the Company acquired certain assets from Bang Time and/or
Rallo, all as described in the APA (the “Acquired Assets”); and

 

WHEREAS, in connection with the APA, Bang Time and the Company also
entered into: (a) that certain Intellectual Property Transfer Agreement (“IP Agreement”); (b) that certain Trademark
License Agreement (“License Agreement”); (c) that certain Bill of Sale, Conveyance, and Assignment (“Bill of
Sale”); and (d) that certain Assignment and Assumption Agreement (“Assignment”) (the APA, IP Agreement, License
Agreement, Bill of Sale, and Assignment are collectively referred to herein as the “Sale Documents”); and

 

WHEREAS, in connection with the APA, Rallo and the Company entered
into: (i) that certain employment agreement dated pursuant to which Rallo agreed to perform certain services in connection with
the promotional business (the “Promotions Business”) related to the Acquired Assets (“Employment Agreement”)
in exchange for certain wages and consideration to be paid to Rallo for at least the initial Term thereunder; and (ii) that certain
Non-Competition and Non-Solicitation Agreement (“Non-Compete”); and

 

WHERAS, since the date of the APA, Bang Time assigned all of its
rights, title, and interest, in and to all of Bang Time’s assets and property, including any and all trademarks and rights
under the Sale Documents, to Shogun, as its successor in interest.

 

WHEREAS, the Company, Shogun (individually and as successor to Bang
Time), and Rallo desire (i) to terminate and rescind the Employment Agreement and Non-Compete; (ii) terminate and rescind the Sale
Documents; and (iii) return to the Promoter those Acquired Assets currently owned by or in the possession of the Company.

 

AGREEMENT

 

Now, therefore, the parties hereto,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows:

 

		1.	Recitals.
                                         The foregoing recitals are hereby incorporated into this Agreement

 

		2.	Transfer
                                         of Acquired Assets. The Company does hereby convey to Shogun, free and clear of any
                                         and all liens, claims, and/or encumbrances, all of its right, title and interest in and
                                         to any and all Acquired Assets still owned by or in the possession of the Company, including
                                         those assets listed or referred to in the APA, including but not limited to all assets
                                         referred to in the attached Exhibit A, Bill of Sale, and/or the attached Schedule A.
                                         It is the express intention of this Agreement that the Company shall have no right, title,
                                         or interest in or to any property that was at any time owned in whole or in part by Bang
                                         Time and/or the Promoter.

 

     

     

    

 

		3.	Retention
                                         of AMMA Shares. Promoter shall retain any cash already paid and all shares of stock
                                         already issued to Promoter pursuant to the APA. As set forth in Section 5 below, the
                                         Employment Agreement is deemed terminated as of the effective date of May 31, 2018 (“Termination
                                         Date”). Accordingly, as of the Termination Date, Rallo is no longer an employee
                                         of the Company and the shares of Common Stock currently owned by the Promoter are no
                                         longer subject to any restriction resulting from Promoter’s status as an employee/officer
                                         of the Company. Accordingly, the Promoter may sell the Common Stock owned by him/her,
                                         subject to compliance with applicable federal and state securities laws, including laws
                                         related to insider trading. The Company shall cooperate, act in good faith, and provide
                                         any and all necessary documentation, related to the resale of the shares pursuant to
                                         Rule 144, and take all other such actions reasonably necessary to permit the shares to
                                         be freely transferable and marketable thereunder. The Company will prepare the required
                                         Rule 144 Attorney Opinion Letter and pay all transfer agent costs associated with the
                                         transaction.

 

		4.	Termination
                                         of APA and Sale Documents. The APA and all Sale Documents are hereby terminated rescinded
                                         and neither the Company nor the Promoter shall have any further rights or obligations
                                         thereunder.

 

		5.	Termination
                                         of Employment Agreement and Non-Compete. The Employment Agreement and Non-Compete
                                         are hereby terminated, and neither the Company nor the Promoter shall have any further
                                         rights or obligations thereunder.

 

		6.	Issuance
                                         of Vested Unrestricted Stock Options. The earn-out period commenced on September
                                         30, 2016 and ended on September 29, 2017. During the earnout period, the Promoter generated
                                         sufficient profit to qualify for an Earn-Out increase in the purchase price equal to
                                         approximately $304,350 of AMMA stock (the “Earn-Out Shares”). In lieu of
                                         receiving the Earn-Out Shares and for other good and valuable consideration set forth
                                         herein, the Company hereby grants to Rallo Options to purchase the number of shares of
                                         the Company’s Common Stock set forth below in the Notice of Stock Option Grant,
                                         subject to the terms and conditions set forth herein (the “Options”). The
                                         Company, including any successors and/or assigns shall be primarily responsible for the
                                         payment of any and all federal, state and local income/capital gains taxes incurred by
                                         the Promoter relating in any way to the exercise of the Options.

 

     

     

    

 

		a.	Notice of Stock Option Grant:

 

	Optionee:	John Rallo
	Date of Option Agreement:	May 31, 2018 
	Date of Grant:	May 31, 2018
	Vesting Start Date:	 June 1, 2018
	Exercise Price Per Share:	$.35
	Total Number of Shares Granted:	366.072
	Total Exercise Price:	$128.125.20 
	Term/Expiration Date:	June 1, 2023

 

		b.	Vesting. The Shares subject to this Option shall all fully
vest as of June 1, 2018 (“Vesting Date”)

 

		c.	Termination Period. The Options may be exercised, in whole
or in part, at any time(s) after the Vesting Date up to and including June 1, 2023 (the “Expiration Date”).

 

		d.	Right
to Exercise. The Options may be exercised all at once or over any number of multiple exercises in any number of Shares not to
exceed a cumulative maximum of 366,072 Shares. The Options may be exercised for a fraction of a Share.

 

		e.	Method
of Exercise. The Options shall be exercisable by written notice to the Company, which shall state the number of Shares for which
the Option is being exercised and which shall be signed by the Optionee (“Exercise Notice”). The Exercise Notice shall
be accompanied by payment of the applicable Exercise Price for the total number of Shares for which the Option is being exercised.

 

		7.	Voting
                                         Agreement. The Promoter agrees at the Company’s option to either give Company
                                         management a proxy to vote or to directly vote all shares of Company common stock currently
                                         owned by the Promoter over which Promoter has voting control in favor of any transaction
                                         as to which the Company’s Board of Directors recommends approval.

 

		8.	Deposit
                                         of Event Settlement Funds. The Promoter hereby represents and warrants to the Company
                                         that the event settlement payment paid by the Royal Farms Arena to the Promoter for the
                                         Shogun Fights XVIII held on April 14, 2018 in the amount of S28.625.66 has been deposited
                                         into the Company bank account and the Parties agree that said deposit satisfies any and
                                         all outstanding payment obligations of the Promoter to the Company.

 

	 	9.	Cooperation.
    For the one-year period following the effective date of this Agreement. Promoter shall reasonably cooperate with the Company
    and its auditors and provide such information as the auditors may require concerning matters in which Promoter was involved,
    or of which Promoter had knowledge, in connection with the preparation of interim and annual financial statements for the
    year ended December 31, 2018; provided, however, that the Company shall act reasonably and in good faith and shall be conscious
    of Promoter’s time and obligation to his then current employer/business endeavors, and shall provide Promoter with reasonable
    advance notice of any event that will require time, response, and/or information from Promoter, and shall reimburse Promoter
    for reasonable out-of-pocket expenses, including travel expenses associated with any such cooperation.

 

     

     

    

 

		10.	Release
                                         of Company. Subject to the terms and conditions set forth in this Agreement, the
                                         Promoter, including affiliates, officers, directors, partners, shareholders, employees,
                                         agents and attorneys, hereby release and forever discharge the Company and its subsidiaries,
                                         officers, directors, partners, members, shareholders, employees, agents and attorneys
                                         from all actions, causes of action, suits, debts, covenants, contracts, agreements, promises,
                                         trespasses, damages, payments, judgments, claims and demands whatsoever, known or unknown,
                                         which such persons ever had, now have or hereafter may have for. upon or by reason of
                                         any matter, cause or thing whatsoever from the beginning of the world to the date of
                                         this Agreement Nothing in this release shall prevent the enforcement of the provisions
                                         of this Agreement nor be deemed to release, waive, or discharge any claims arising after
                                         the effective date of this Agreement.

 

		11.	Release
                                         of Promoter. Subject to the terms and conditions set forth in this Agreement, the
                                         Company, including its affiliates, subsidiaries, officers, directors, employees, agents
                                         and attorneys, hereby release and forever discharge the Promoter and its officers, directors,
                                         partners, shareholders, members, employees, agents, predecessors, and succcssors-in-interest,
                                         and attorneys from all actions, causes of action, suits, debts, covenants, contracts,
                                         agreements, promises, trespasses, damages, payments, judgments, claims and demands whatsoever,
                                         known or unknown, which the such persons ever had. now have or hereafter may have for,
                                         upon or by reason of any matter, cause or thing whatsoever from the beginning of the
                                         world to the date of this Agreement. Nothing in this release shall prevent the enforcement
                                         of the provisions of this Agreement, nor be deemed to release, waive, or discharge any
                                         claims arising after the effective date of this Agreement

 

		12.	Acknowledgment
                                         of Promoter’s Continuing Ownership. For the sake of clarity, the Company acknowledges
                                         and agrees that the Promoter has at all times been (subject to the rights and licenses
                                         granted to the Company pursuant to the Sale Documents), and shall hereafter continue
                                         to be, the sole and exclusive owner of all right, title, and interest in and to the name
                                         “Shogun Fights,” the domain name www.shogunfights.com and all associated
                                         websites, all social media accounts relating to Shogun Fights, and all other intellectual
                                         property rights, copyrights, logos, trademarks, and service marks attendant with any
                                         of the above.

 

		13.	MGM
                                         National Harbor. The Company shall execute a letter to MGM National Harbor substantially
                                         in the form of Exhibit B informing MGM that due to decisions made by the Company’s
                                         Board of Directors alone, with no fault of the Promoter or Rallo, the Company must cancel
                                         its services as the promoter of the show currently scheduled for June 23, 2018. The letter
                                         shall inform MGM that the Promoter and/or Rallo is fully authorized, in the Promoter
                                         and Rallo’s sole discretion, to engage with MGM to serve as the promoter for the
                                         show upon terms and conditions acceptable to the Promoter. Rallo. and MGM. For the sake
                                         of clarity, the Promoter and Rallo are fully authorized, but not obligated, to contract
                                         directly with MGM National Harbor (and/or any of its agents or affiliates) to perform
                                         any services for or on behalf of MGM National Harbor relating to the June 23, 2018 show
                                         and/or any other show or services and the Company disclaims any rights, title or interest
                                         in any such agreements. Services, or compensation.

 

     

     

    

 

		14.	Indemnity.
                                         The Company hereby agrees to indemnify, defend and hold the Promoter (including its
                                         officers, directors, partners, shareholders, members, employees, agents, predecessors,
                                         and successors-in-interest) harmless from and against any liabilities, losses, costs,
                                         damages, penalties, assessments, demands, claims, causes of action, including without
                                         limitation, reasonable attorneys’, accountants’ and/or consultants’
                                         fees and expenses, and court costs, including punitive, indirect, consequential, or other
                                         similar damages (collectively, “Losses”) that relate in any way or arise
                                         out of the representations and warranties made by the Company herein. Further. The Company
                                         agrees to indemnity the Promoter to the fullest extent permitted by Delaware Law and
                                         its organizational documents against claims and liabilities arising during the course
                                         of Promoter’s employment by the Company, provided that such claims and liabilities
                                         are not caused by the Promoter’s gross negligence, willful misconduct or violation
                                         of law. The Company represents and warrants that its interest in and to the Acquired
                                         Assets is fully transferable and upon execution of this Agreement, the Promoter shall
                                         receive legal and beneficial title to all of the Acquired Assets free and clear of all
                                         Encumbrances (as that term is defined in the APA). The Company hereby agrees to indemnify,
                                         defend and hold the Promoter harmless from any Losses relating in any way to a breach
                                         of the foregoing representation and warranty in the preceding sentence. Notwithstanding
                                         anything herein to the contrary, the Company shall have no obligation to indemnify the
                                         Promoter in connection with any Losses that were proximately caused by the Promoter’s
                                         own action or inaction.

 

		15.	Entire
                                         Agreement. The Agreement represents the entire agreement and understanding between
                                         the Parties concerning the subject matter of this Agreement and supersedes any and all
                                         prior agreements or understandings. No materials outside the body of this Agreement,
                                         either written or oral, shall constitute a part of the terms or conditions of this Agreement,
                                         except where otherwise stated herein.

 

		16.	Applicable
                                         Law. This Agreement shall be construed and interpreted in accordance with the laws
                                         of the State of Maryland. Any disputes or litigation arising out of this Settlement Agreement
                                         shall be governed by Maryland law.

 

		17.	Binding
                                         Effect. This Agreement shall be binding on. and shall be enforceable against, and
                                         shall inure to the benefit of the Parties to this Agreement and their respective past
                                         and present officers, directors, affiliates, member firms, subsidiaries, parents, successors,
                                         shareholders, members, partners, general partners, limited partners, principals, participating
                                         principals, managing members or other agents, management personnel, attorneys, servants,
                                         employees, representatives of any other kind (and any officers, directors, members or
                                         shareholders of any of the foregoing which are not natural persons), spouses, estates,
                                         executors, estate administrators, heirs, and assigns.

 

     

     

    

 

		18.	Waiver
                                         and Amendment. No provision of or rights under this Settlement Agreement may be waived
                                         or modified unless in writing and signed by the Party whose rights are thereby waived
                                         or modified. Waiver of any one provision herein shall not be deemed to be a waiver of
                                         any other provision herein (whether similar or not), nor shall such waiver constitute
                                         a continuing waiver unless otherwise expressly so provided.

 

		19.	Disputes.
                                         In case any dispute shall arise under this agreement, the prevailing party shall
                                         be entitled to prompt reimbursement of reasonable legal fees incurred in connection with
                                         the enforcement of this Agreement.

 

		20.	Confidentiality.
                                         The Parties and their respective counsel agree to maintain in the strictest confidence
                                         and not disclose to the public, media, or any third parties (except their counsel, accountants,
                                         upon order of a court or governmental body, or as required by law or for reporting to
                                         their auditors, investors or similarly interested parties under an obligation to maintain
                                         confidentiality) the specific contents and terms of this Agreement. Notwithstanding the
                                         foregoing, the parties may disclose the existence of this Agreement, the fact that all
                                         of the Acquired Assets have been re-transferred to the Promoter, the fact that the Employment
                                         Agreement and Non-Compete have been terminated, and the fact that the Promoter has all
                                         rights title and interest in and to all of the Acquired Assets.

 

The Parties hereto have executed this Agreement
as an instrument under seal as of the date written above.

 

	Alliance
    MMA, Inc.	 
	 	 
	/s/ John Price 	 
	John
    Price, CFO, duly authorized 	
	John Price            6-15-18	 
		
	Promoter:	 
	 	 
	/s/ John Ral1o	 
	John Ral1o          6-15-18 	
	 	 
	Shogun Fights 	 
	 	 
	/s/ John
Ral1o 	 
	By:
    John Rallo, Managing Member 6-15-18	

 

     

     

    

 

SCHEDULE A

(Description of Assets)

 

Laptop computer

 

Printer

 

Promotion equipment (including MMA cage and related equipment

 

Shogun business and related trademarks

 

Shogun media library including photos and video

 

     

     

    

 

Exhibit A

 

BILL OF SALE

 

THIS BILL OF SALE dated as of May 3, 2018 is entered into by and
among Shogun Fights, LLC, a Maryland limited liability company (“Buyer”) and ALLIANCE MMA, INC.. a Delaware corporation
(“Seller”) and is delivered pursuant to. and subject to the terms of. that certain Agreement, dated as of June 15 2018
(the “Agreement”), by and among Seller. Buyer, and John Rallo, an individual and resident of the State of Maryland
(“Rallo”).

 

NOW, THEREFORE, subject to the terms and conditions
of the Agreement and for the consideration set forth therein, Buyer and Seller each hereby agrees as follows:

 

1.     Seller does hereby sell, convey,
transfer, assign and deliver to Buyer, all of its right, title and interest in and to the Acquired Assets, still owned by or in
possession of the Company, including but not limited to any and all rights, title and interest in and to any and all property that
has ever previously been owned by the Buyer.

 

2.     From time to time, as and when reasonably
requested by Buyer. Seller shall execute and deliver all such documents and instruments and shall take, or cause to be taken, all
such further or other actions as Buyer may reasonably deem necessary or desirable to more effectively sell, transfer, convey and
assign to Buyer all of Seller’s right, title and interest in the Acquired Assets.

 

3.     This Instrument
shall be governed by and construed in accordance with the internal

laws of the State of Maryland applicable to agreements made and
to be performed entirely within such State, without regard to the conflicts of laws principles of such State.

 

4.     To the extent that any provision
of this Instrument is inconsistent or conflicts with the Agreement, the provisions of the Agreement shall control. Nothing in this
Instrument, express or implied, is intended or shall be construed to expand or defeat, impair or limit in any way the rights, obligations,
claims or remedies of the parties as set forth in the Agreement.

 

5.     This Instrument may be executed
in any number of counterparts, each of which when executed and delivered shall be deemed to be an original and all of which when
taken together shall constitute but one and the same instrument.

 

[Signature Page to Follow]

 

     

     

    

 

[Signature Page to Bill of Sale]

 

IN WITNESS WHEREOF, the panics hereto have
caused this Instrument to be executed by their respective duly authorized officers as of the date first above written.

 

	SELLER:	 
	 	 	 
	ALLIANCE MMA, INC.	 
	 	 	 
	By:	/s/ John Price	 
	Name:
    John Price	 
	Title:   CFO	 
	 	 	 
	SHOGUN FIGHTS, LLC	 
	 	 	 
	By:	/s/ John Rallo	 
	Name: John Rallo	 
	Title: Managing Member	 
	 	 	 
	JOHN RALLO:	 
	 	 	 
	/s/ John Rallo	 
	John Rallo	 

 

     

     

    

 

EXHIBIT B

DRAFT LETTER TO MGM NATIONAL HARBOR

 

To Whom it May Concern:

 

As you may know, on or
about May 23, 2018, the Board of Directors of Alliance MMA, Inc. (the “Company” voted to exit the Company’s
promotional, ticketing, and production business. As a result the Company must cancel and terminate its promotional agreement with
MGM National Harbor relating to the show currently scheduled for June 23. 2018. Please be advised that the Company’s decision
had absolutely nothing to do with any action or inaction of John Rallo or Shogun Fights (collectively, the “Promoter”).
To the contrary, the Promoter has at all times acted with the utmost good faith, loyalty, and diligence with respect to all shows,
including but not limited to the impending June 23rd show. As a result, the Company’s decision to exit and termination
should not in any shed a negative light on the Promoter.

 

To that end, please also
be advised that the Promoter has no restrictive covenant with the Company and may contract directly with MCM National Harbor with
respect to the June 23rd show and/or any other shows. Therefore, to the extent MGM and the Promoter so desire, please
feel free to contract directly with the Promoter on terms mutually acceptable to the Promoter and MGM.

 

Please feel free to contact
me with any questions or concerns regarding this notice or otherwise. Again, our sincere apologies for any inconvenience that the
Company’s decision may cause MGM. However, we are confident that the Promoter is fully capable and experienced to successfully
promote and execute the show if so desired by MGM.

 

	Sincerely,	 
	 	 	 
	 	/s/ John Price	 
	By:	John Price	 
	Title:	CFO	 
	Alliance MMA, Inc.

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