Document:

SCORES TRADEMARK LICENSE AGREEMENT

 

THIS AGREEMENT (the
“Agreement”) is made and entered into this_9th day of December 2013 (the “Effective Date”)
by and between SCORES LICENSING CORP., a Delaware corporation, with its principal office at 617 11th Avenue, New York,
NY 10036 (“SLC”) and Star Light Events LLC, a New Jersey corporation, with its principal office at 1000 Boardwalk,
Atlantic City NJ 08401 (“Licensee”).

 

WITNESSETH:

 

WHEREAS, SLC is the
authorized licensee of the SCORES trademarks listed on Schedule A hereto, which may be amended from time to time by SLC
in its sole discretion, by providing Licensee with written notice of such changes (collectively, the “SCORES Trademarks”);

 

WHEREAS, Licensee is
the owner and operator of an adult entertainment night club/restaurant currently located at 1000 Boardwalk, Atlantic City, NJ 08401
(the “Location”) which is now open to the public and fully operational (the “Business”);

 

WHEREAS, who has operated
the Business under the name SCORES pursuant to an oral license since September 2013 and wishes to continue to operate the Business
under the name SCORES and to otherwise brand the Business with the SCORES Trademarks, and to offer and sell various related licensed
products at the Location under the SCORES Trademarks; and

 

WHEREAS, SLC wishes
to formalize the relationship between the parties and license the SCORES Trademarks to Licensee for use in connection with the
Business pursuant to the terms and conditions of this Agreement.

 

NOW, THEREFORE, for
and in consideration of the promises, covenants, and agreements contained herein, and for other good and valuable consideration,
receipt of which is hereby acknowledged, SLC and Licensee (the “Parties”) agree as follows:

 

		1.	LICENSE GRANT.

 

		(a)	Business. Subject to the terms and conditions of this Agreement, SLC hereby grants to Licensee,
and Licensee hereby accepts, an exclusive, non-transferable, non-sublicenseable sublicense during the Term of the Agreement, as
specified in Section 15 below, to use the SCORES Trademarks solely within a 25-mile radius around the Location (the “Territory”)
solely to promote, market and otherwise brand the Business (the “Club License”).

 

    	 

    	 

    

 

		(b)	Licensed Products. Subject to the terms and conditions of this Agreement, SLC hereby grants
to Licensee a non-exclusive, non-transferable, non-sublicensable sublicense during the Term to use the SCORES Trademarks solely
on or in association with the offering for sale and sale of licensed products as identified on Schedule A, which may be
amended from time to time by SLC in its sole discretion, by providing Licensee with written notice of such changes (collectively,
the “Licensed Products”) at the Location only (the “Merchandise License”). The Merchandise
License does not grant to Licensee the right to produce, manufacture or have manufactured the Licensed Products. Nothing in the
Merchandise License restricts SLC or its licensees from offering for sale or selling Licensed Products in or outside of the Territory.
The Club License and the Merchandise License shall hereinafter be referred to collectively as the “Licenses”.
The Licenses are granted subject to any previous licenses granted by SLC or SLC’s parent or affiliates prior to the Effective
Date.

 

		(c)	License Restrictions. All rights in and to the SCORES Trademarks not expressly licensed
to Licensee pursuant to the Licenses herein are expressly reserved by and for SLC and Scores Holding Company, Inc., which has licensed
the SCORES Trademarks to SLC and which is the owner of the SCORES Trademarks (the “Owner”). At no time shall
Licensee use or otherwise exploit any of the SCORES Trademarks except as expressly provided in this Agreement. Without limiting
the generality of the foregoing, SLC expressly reserves the right to sell, or enter into license agreements with other parties
to sell, merchandise directly to any retail consumer by means of the Internet or other means of e-commerce or by catalog, direct
mail, or by other similar means. Retail sales include retail sales in any authorized store.

 

		2.	ROYALTIES AND OTHER PAYMENTS.

 

		(a)	Royalty Amount. Licensee shall pay SLC a fixed fee of Ten Thousand Dollars ($10,000.00)
per month (“Fixed Fee Royalty”) beginning in April 2014.

 

		(b)	Licensed Product Royalties. Licensee will purchase all re-sellable Licensed Products from
SLC, or SLC’s authorized affiliate. Licensee shall pay for all such Licensed Products on a cost plus twenty-five percent
(25%) markup basis, unless otherwise agreed (the “Licensed Product Royalties”). For the avoidance of
doubt, this Agreement does not grant Licensee the right to produce, manufacture or have manufactured Licensed Products for resale
and any such production of Licensed Products shall constitute an infringement of SLC’s and/or Owner’s intellectual
property rights.

 

    	-2-

    	 

    

 

		(c)	   

 

		(d)	Payment. Payment of Royalties due under this Section shall be made within ten (10)
business days after the end of each calendar month (or calendar quarter, with SLC’s prior written approval)
during the Term.

 

		3.	OPERATIONS.

 

(a) Licensee, at its sole cost
and expense, shall operate and maintain the Business at the Location under the authority of this Agreement as prescribed herein
and as permitted by federal, state and local laws, rules, regulations or orders.

 

(b) Licensee, at its sole cost
and expense, shall provide any lighting, music, music programming, sound equipment, or any other equipment and facilities necessary
for the proper operation of the Business at the Location.

 

(c) Licensee warrants that all
food, beverages and merchandise shall be pure and of good quality. Licensee shall maintain adequate inventory control to ensure
a constant supply of food, beverages and merchandise. Licensee shall operate any restaurant, bar or the facility that dispenses
food or beverage in such manner as to maintain the highest health inspection rating.

 

(d) Licensee shall personally
conduct operations under this Agreement and utilize an employee operations manager satisfactory to SLC. The designated manager
must be available by telephone during all hours of operation. Licensee shall notify SLC in writing of the name(s) of the designated
manager(s) as soon as such person(s) begin their employment with Licensee. Licensee shall promptly notify SLC of any changes to
who the designated managers are and any changes in their contact phone numbers.

 

(e) Licensee shall at its sole
cost and expense, provide a twenty-four (24) hour per day security system at the Location.

 

(f) Licensee shall prepare and
provide to SLC, reports of major accidents or incidents involving law enforcement authorities occurring at the Location. Licensee
shall promptly notify SLC, in writing, of any claim for injury, death, property damage or theft which shall be asserted against
Licensee with respect to the Location. Licensee shall also designate a person to handle all such claims, including all insured
claims for loss or damage pertaining to the operations of the Location and Licensee shall notify SLC in writing, as to said person’s
name, address, phone number and e-mail address.

(g) Licensee shall promptly notify
SLC of any unusual conditions that may develop in the course of the operation of this License Agreement such as, but not limited
to, fire, flood, vandalism, casualty or substantial damage of any character.

 

    	-3-

    	 

    

 

		4.	APPROVALS.

 

In order to preserve the value,
goodwill and reputation of the SCORES Trademarks, Licensee and SLC shall consult with each other during the Term hereof with regard
to any marketing, advertising or promotional activities pursuant to the Business and SLC will have the right to pre-approve in
writing, (in its sole discretion), all advertisements, promotional, marketing and other similar materials, including but not limited
to, the images and format of the Diamond DollarsTM and the images of the SCORES Trademarks for the Business (collectively,
the “Promotional Materials”) in order to ensure consistent quality of same and adherence to any brand or marketing
guidelines provided by SLC. Prior to using any Promotional Materials, Licensee shall send copies of all proposed Promotional Materials
to SLC for SLC and/or Owner’s review. SLC agrees to use commercially reasonable efforts to inform the Licensee of the decision
regarding any approvals within ten (10) days of receiving Promotional Materials for approval, provided, however, that SLC’s
failure to provide such approvals during such 10-day period shall not be deemed to constitute approval. All Promotional Materials
shall be deemed “works made for hire,” pursuant to the Copyright Act of 1976, as amended, and all rights in and to
the copyrights to such Promotional Materials shall be owned by Owner.

 

		5.	COMPLIANCE WITH APPLICABLE LAWS AND STANDARDS.

 

Licensee shall comply with all
applicable laws, codes, regulations, orders and safety standards regarding the operation of the Business and the use of the SCORES
Trademarks herein. SLC’s approval of Promotion Materials pursuant to Section 4 above in no way affects, alters, diminishes
or waives Licensee’s obligations hereunder or Licensee’s obligations to indemnify SLC as set forth below.

 

    	-4-

    	 

    

 

		6.	BOOKS AND RECORDS.

 

Licensee shall, for a minimum
of three (3) years from their creation, keep full and accurate books of account, records, data and memoranda with respect to the
Business and the Licenses granted hereunder. Licensee grants SLC, Owner and/or their duly authorized representatives the right
during the Term of this Agreement and for a period of three (3) years past the expiration or termination of this Agreement, at
their own cost and expense, to examine said books and records on reasonable notice, such examination to be conducted in such a
manner as to not unreasonably interfere with the business of Licensee. Examinations shall not be conducted more than once in every
three (3) month period. Licensee shall reasonably cooperate with SLC and/or Owner in the event SLC and/or Owner requests an audit
hereunder. SLC, Owner and their representatives shall not disclose to any other person, firm, or corporation any information acquired
as a result of any examination, provided, however, that nothing contained herein shall be construed to prevent SLC, Owner and/or
their duly authorized representatives from using or disclosing said information in any court, arbitration, or other action instituted
to enforce the rights of SLC and Owner hereunder, or in order to comply with applicable rules, regulations or court orders or to
SLC and Owner’s shareholders, directors, officers, affiliates, employees, consultants and advisors on a need to know basis

 

		7.	INTELLECTUAL PROPERTY RIGHTS.

 

		(a)	Ownership Rights. All right, title and interest in and to
the SCORES Trademarks and related intellectual property are owned exclusively by the Owner. All uses by Licensee of the SCORES
Trademarks under the License shall inure to the benefit of the Owner. In no event shall the granting of the Licenses set forth
herein be deemed to convey or transfer to Licensee any ownership rights in or to any of the SCORES Trademarks. Licensee acknowledges
that the SCORES Trademarks have acquired secondary meaning.

 

		(b)	Notices. Licensee shall
include all appropriate legal notices as required by SLC with respect to all promotional, packaging and advertising material.

 

		(c)	No Challenge. Licensee acknowledges the exclusive ownership of all intellectual property
rights in and to the SCORES Trademarks by Owner and will not take any action to interfere with or challenge said ownership, including
but not limited to registering or attempting to register the same or similar marks or properties anywhere in the world, or commencing
or participating in any cancellation or opposition proceedings or other litigations.

 

    	-5-

    	 

    

 

		(d)	Protection. Licensee shall execute all documents and take all reasonable actions as SLC
shall reasonably request to procure, preserve, confirm, evidence, establish, register, enforce and protect the rights of Owner
in the SCORES Trademarks. Owner has the right, but not the obligation, to obtain at its own cost, appropriate statutory protection
for the SCORES Trademarks, for any related intellectual property and/or for any advertising, promotional or packaging materials
for the Licensed Products.

 

		(e)	Infringements. Licensee agrees to give SLC prompt notification of any third-party actions
that would constitute an infringement of the rights granted to it by this Agreement. SLC or the Owner of the SCORES Trademarks
shall have the exclusive right to prosecute, at their own discretion, infringement actions against any third-party infringers,
and any recoveries obtained therein shall belong exclusively to SLC or the Owner of the SCORES Trademarks. Licensee shall, at SLC’s
expense, cooperate in all respects with the prosecution of said suits, including but not limited to being named as a party in any
such suit, producing documents, appearing as witnesses, etc.

 

		(f)	Unauthorized Use of SCORES Trademarks. SLC and/or Owner shall have the right to bring any
action or proceeding deemed necessary by SLC and/or Owner against Licensee for Licensee’s unauthorized use of the SCORES
Trademarks or for any breach by Licensee of any of the provisions in this Agreement regarding Licensee’s use of the SCORES
Trademarks. SLC and/or Owner shall have the right to obtain immediate injunctive relief against Licensee in addition to any other
remedies available to SLC and/or Owner.

 

		(g)	Branding Guidelines. Licensee shall comply with all brand and/or marketing guidelines that
SLC may provide to Licensee regarding use of the SCORES Trademarks. SLC shall have the right to terminate this Agreement for Licensee’s
failure to cure any misuse of the SCORES Trademarks or other noncompliance of the brand and/or marketing guidelines.

 

		(h)	Reversion of Rights. Upon termination or expiration of this Agreement all rights granted
to Licensee under the Licenses and with respect to the SCORES Trademarks shall immediately revert to SLC and/or Owner, and Licensee
agrees to immediately return to SLC all original artwork, models, samples, prototypes, renderings and drawings incorporating the
SCORES Trademarks and to cease all uses of the SCORES Trademarks. All use by Licensee of the intellectual property rights of the
SCORES Trademarks shall inure to the sole benefit of Owner. Licensee shall execute any and all documents necessary to confirm said
reversions of rights and hereby appoints SLC as its attorney-in-fact for the sole and limited purpose of executing any such documents
in the event Licensee is unwilling or unable to do so unless Licensee is relying upon the specific warranties set forth below.

 

    	-6-

    	 

    

 

		(i)	Owner is a third-party beneficiary of the provisions in this Section 7 and can enforce them.

 

		8.	REPRESENTATIONS AND WARRANTIES OF LICENSEE.

 

		(a)	Licensee represents and warrants that Licensee:

 

(i) has obtained and will maintain
all permits, approvals, and consents, including, but not limited to liquor license and zoning and use permits in order that the
Licensee may lawfully operate the Business at the Location as an adult entertainment night club in the manner contemplated herein;

 

(ii) shall render all services
of a quality equal to the quality of other Licensees of the SCORES Trademarks;

 

(iii) shall maintain facilities
and trained personnel sufficient to perform its obligations under this Agreement;

 

(iv) shall maintain a commercially
reasonable inventory of merchandise bearing the SCORES Trademarks;

 

(v) shall not promote or advertise
during the Term of this Agreement, any services or items that are comparable and competitive with SLC and which bear the name or
are associated with the name, of businesses that SLC deems to be directly competitive with SLC without SLC’s prior written
consent or any other business which renders adult entertainment services, including but not limited to gentlemen’s clubs,
whether live or online;

 

(vi) shall not produce, distribute
or sell any other products which are substantially similar in design to the Merchandise, and shall not “knock off”
the Merchandise (which shall be determined by using a standard that is broader than that for determining whether a copyright has
been infringed); and

 

(vii) shall not take any action
which creates any lien upon, mortgage or otherwise encumber the Licensee’s interest in this Agreement without the express
prior written consent of SLC, which consent may be withheld in SLC’s sole and absolute discretion.

 

    	-7-

    	 

    

 

		(b)	Licensee hereby represents and warrants that Licensee
has the right, power and authority to enter into this Agreement and receive the rights and license granted hereby and that all
Promotional Materials used by Licensee in connection with this Agreement will not infringe any copyright, trademark, trade dress
or other intellectual property right of any third party.

 

		9.	COOPERATION AND LICENSING MEETINGS.

 

(a) Cooperation. Licensee
agrees to fully cooperate with and provide SLC with advice and/or suggestions with respect to the rendering of services or sale
of merchandise.

 

(b) Licensing Meetings.
Licensee agrees to attend or cause its representative to attend, at Licensee's expense, Licensee meetings held by SLC at such locations
as SLC may designate within the Territory or at SLC’s offices to organize and coordinate service, marketing and advertising
strategies designed to promote the success of the SCORES Trademarks.

 

(c) Right to Inspect Location.
SLC and/or its authorized representatives shall have the right at reasonable times without notice to inspect the Location and require
that any violations of this Agreement be immediately cured.

 

		10.	WARRANTIES/DISCLAIMERS OF SLC.

 

		(a)	SLC represents and warrants to Licensee that:

 

		(i)	Subject to any pre-existing licenses granted by the Owner of the SCORES Trademarks, SLC is the
exclusive Licensee of the SCORES Trademarks and has the sole and exclusive rights to sublicense the same on the terms set forth
herein;

 

		(ii)	SLC has full power and authority to enter into this Agreement;

 

		(iii)	To the best of SLC’s actual knowledge as of the Effective Date, the granting of the Licenses
hereunder or the subsequent commercial exploitation of the Licenses during the Term does not violate the registered U.S. trademark
rights of any third party; and

 

		(iv)	To the best of SLC’s actual knowledge as of the Effective Date, there are no liens, encumbrances,
security interests, claims, actions, proceedings, or judgments regarding the SCORES Trademarks which would in any way impede, hinder,
impair or interfere with the Licensee’s rights hereunder.

 

    	-8-

    	 

    

 

		(b)	EXCEPT FOR THE EXPRESS WARRANTIES OF SLC IN THIS SECTION 10, SLC AND ITS PARENT, AFFILIATES AND
SUBSIDIARIES HEREBY DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE SCORES TRADEMARKS AND OTHERWISE, INCLUDING
WITHOUT LIMITATION THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

 

		11.	INDEMNIFICATION.

 

(a) Indemnification of Licensee.
SLC agrees to indemnify and hold harmless Licensee from and against any and all third-party claims arising from the breach by SLC,
as determined by a final, non-appealable court order or judgment, of any of SLC’s express warranties, set forth in Section
10, provided that Licensee provides SLC with prompt written notice of such claim, and such indemnification shall constitute Licensee’s
sole and exclusive remedy with respect to any such alleged breach of warranty. Any claims made against Licensee which would result
in SLC becoming obligated to indemnify Licensee hereunder shall not permit Licensee to withhold any amount due SLC hereunder. Licensee
shall not settle or comprise any such indemnified claim without the prior written consent of SLC.

 

(b) Indemnification of SLC.
Licensee agrees to indemnify, defend, and hold harmless SLC and Owner, and their subsidiaries, affiliates and licensor(s), and
their shareholders, officers, directors, agents and employees from and against any and all claim, action, loss, expense, damages,
or judgment arising out of or related to any claims of personal injury, product liability, wrongful death, negligence, strict liability
or similar action, employee or contractor-related claims or suits, entertainer-related claims or suits, supplier-related claims
or suits, and all claims or suits arising from the breach by Licensee of any of its third-party contracts or obligations or warranties
under this Agreement or the violations of any applicable law or safety standard by or on behalf of Licensee and/or its subsidiary,
affiliated or controlled company (if any). Licensee shall maintain, at its sole cost and expense, premises liability, liquor liability,
workman’s compensation (in the amount required by the State of New York or applicable jurisdiction of the Territory), plate
glass insurance (as per Licensee’s lease), commercial liability coverage and other customary insurance. The premises, commercial,
and liquor insurance policies carried by Licensee must provide AAA insurance coverage of at least $3,000,000 per occurrence, naming
SLC and Owner as additional insureds, and providing that such policy cannot be cancelled without thirty (30) days prior written
notice to SLC. SLC may, at Licensee’s expense, retain counsel of its own choosing to defend said claims, and Licensee shall
pay all fees and expenses of such counsel. All insurance shall be primary and not contributory. Licensee agrees to provide SLC
with a copy of the insurance declarations and/or certificates within twenty (20) days following the Effective Date of this Agreement.

 

    	-9-

    	 

    

 

		12.	TERMINATION.

 

(a) Termination For Default.
In case either party fails to perform under or commits or allows to be committed a material breach of any of the terms and conditions
of this Agreement, the other party may send written notice to the defaulting party, and such defaulting party shall then have the
right to remedy such failure or default within thirty (30) days. If the default has not been cured within said thirty (30) days
of notice to the defaulting party or is incapable of being cured, then the aggrieved party may terminate this Agreement immediately
by a further notice in writing effective upon mailing. If SLC shall send notice of default to Licensee based on a failure to pay
royalties, then Licensee shall cure such default within ten (10) days of such notice.

 

(b) Ongoing Covenants.
Any termination under this Section 12 will be without prejudice to the rights and remedies of either party with respect to any
provisions or covenants arising out of breaches committed prior to such termination.

 

(c) Insolvency; Bankruptcy.
If a petition in bankruptcy is filed by or against Licensee, or Licensee becomes insolvent, or makes an assignment for the benefit
of creditors, or any other arrangement pursuant to any bankruptcy law, or if Licensee discontinues its Business or if a receiver
is appointed for it or its Business, to the fullest extent permitted by law at the time of the occurrence, the Licenses granted
herein shall automatically terminate without any notice whatsoever being necessary. In the event this Agreement is so terminated,
Licensee, its receivers, representatives, trustees, agents, administrators, successors, and/or assigns shall have no right to sell,
use, exploit or in any way deal with or in the SCORES Trademarks or anything relating to it whatsoever except under the special
consent and instructions of SLC in writing, in SLC’s sole discretion, which they shall be obliged to follow.

 

(d) Cessation of Business.
Upon cessation of the Business by the Licensee for a period of greater than thirty (30) days for any reason other than Force Majeure,
this Agreement and the Licenses granted herein shall terminate automatically.

 

(e) Sale or Transfer of Business.
If Licensee seeks to sell its Business or the assets of stock of the Business or otherwise transfer control of the Business, Licensee
shall give SLC at least sixty (60) days advance written notice. Upon such sale or transfer, all rights and obligations of the Parties
relative to this Agreement shall cease and be of no further force or effect, and this Agreement and the Licenses granted herein
shall be deemed terminated.

 

    	-10-

    	 

    

 

(f) Termination for Convenience.
SLC may terminate this Agreement upon thirty (30) days written notice to Licensee for any reason or no reason without further obligation,
provided, however, that upon such termination, Licensee shall pay to SLC all of its accrued Business Royalties and provide SLC
with final Royalty Reports.

 

(g) Cessation of Use.
Upon termination or expiration of this Agreement for any reason, the Licenses granted herein shall automatically terminate and
Licensee shall immediately cease and desist all uses of the SCORES Trademarks, and all rights under the Licenses shall automatically
revert to SLC or Owner, as determined by SLC. In no event shall Licensee make any uses of the SCORES Trademarks beyond the Term
of this Agreement.

 

(h) Final Royalty Report.
Within thirty (30) days after the expiration or termination of this Agreement, Licensee shall deliver to SLC any remaining Business
Royalties due and owing and a final Royalty Report.

 

		13.	REMEDIES.

 

(a) Relief In Equity Against
Certain Defaults. In the event of a breach by Licensee of any of its obligations under this Agreement, Licensee acknowledges
and agrees that, SLC will have no adequate remedies at law and that it will be irreparably damaged in the event that the provisions
of this Agreement are not specifically enforced. Accordingly, Licensee agrees that (a) an action for specific performance of the
obligations created by this Agreement shall be a proper remedy for such breach, or threatened breach, and (b) Licensee shall not
assert as a defense or otherwise in such action an allegation or claim that would contravene the agreement set forth in this Section.
Such equitable remedy shall, however, be cumulative not exhaustive and shall be in addition to any other remedies available to
SLC for a breach or threatened breach of this Agreement, including the recovery of damages and legal fees.

 

(b) Other Rights. In addition
to the right to termination pursuant to Section 12, SLC may take, upon any default by Licensee, whatever action it deems reasonably
necessary to protect its rights and interests under this Agreement. The termination of this Agreement by SLC shall not be deemed
an election of remedies by SLC any such termination shall be without prejudice to the rights or remedies which SLC might otherwise
have against Licensee under law, in contract or in equity for breach of this Agreement.

 

    	-11-

    	 

    

 

(c) Equitable Relief.
Licensee acknowledges that its failure to cease use of the SCORES Trademarks at the termination or expiration of this Agreement,
except as expressly provided herein, will result in immediate and irreparable damage to SLC and to the rights of any subsequent
licensee. Licensee acknowledges and admits that there may be no adequate remedy at law for such failure and Licensee agrees that
in the event of such failure SLC shall be entitled to seek equitable relief and any other and further relief as any court with
jurisdiction may deem just and proper. In the event of equitable relief in favor of SLC pursuant to the terms of this Section,
it is the intent of the Parties that no undertaking (whether in the form of cash or surety bond) shall be required of SLC except
to the extent of a nominal amount, if any, is otherwise expressly required by statute.

 

(d) Attorneys’ Fees.
In the event that either party to this Agreement shall commence or otherwise be made a party to any suit, action, arbitration or
other proceeding to interpret this Agreement, or to determine or enforce any right or obligation created hereby, if SLC is the
prevailing party, SLC shall recover its costs and expenses incurred in connection therewith, including reasonable attorneys’
fees and costs of appeal, if any.

 

(e) Liquidated Damages. Any
termination of this Agreement resulting from a breach or default by Licensee shall not relieve Licensee for many obligations which
it had prior to the date of termination or from the continuing obligation to pay any Royalties for the balance of the Term. Notwithstanding
the foregoing, the Parties acknowledge that the breach by Licensee of this Agreement would cause substantial damages to SLC, including,
but not limited to, loss of "presence" in the marketplace while a successor or replacement Licensee is located, and that
the extent of such damages would be difficult and impractical to ascertain. Accordingly, and without prejudice to SLC’s rights
and remedies or Licensee's indemnification obligations, it is agreed that if SLC terminates this Agreement as a result of Licensee's
breach or default, then SLC shall be entitled to recover from Licensee, as liquidated damages (in lieu of any recovery for Business
Royalties, but not in limitation of any other remedies which SLC may have as a result of such breach or default such as the right
to injunctive relief, the right to recover past due Business Royalties up to the date of termination, and reasonable attorneys’
fees and costs of collection incurred by SLC and due as of the date of termination), a sum equal to six (6) times the monthly pro
rata amount of such Business Royalties due on the date of termination, provided, however, that if there are fewer than six (6)
months remaining on the Term, then the foregoing amount shall be computed based upon the number of months remaining.

 

    	-12-

    	 

    

 

		14.	CONDITIONS; CONFIDENTIALITY.

 

This Agreement and Licensee’s
rights hereunder are conditioned upon Licensee’s compliance with the terms hereof, including, without limitation, the following:

 

		(a)	Permits and Consents. Licensee, at its own cost, obtaining all permits, approvals and consents
including, but not limited to, a liquor license and zoning and use permits in order that the Licensee may lawfully operate the
Business in the Territory and at the Location as an adult entertainment night club and bar in the manner contemplated herein.

 

		(b)	Operation of Business. SLC acknowledges that, with the exception of the SCORES Trademarks,
the Business is owned solely by Licensee and that, absent an uncured default by Licensee, SLC will not interfere with the Business
or the operations thereof and that control of the Business remains solely with Licensee, subject to Licensee’s compliance
with all the terms and conditions of this Agreement.

 

		(c)	Confidentiality. Licensee shall maintain in strictest confidence all of the terms and conditions
of this Agreement, as well as, any other information or materials of SLC which are of a confidential and/or proprietary nature
(the “Confidential Information”). Licensee shall use the Confidential Information received from SLC solely to fulfill
Licensee’s obligations under this Agreement.

 

		15.	TERM.

 

Unless earlier terminated in
accordance with Section 12 by either party, the term of this Agreement shall commence on the Effective Date and continue for an
initial term of five (5) years, with five (5) successive five (5)-year renewals, which renewals will occur automatically (collectively,
the “Term”).

 

		16.	LIMITATION OF LIABILITY.

 

EXCEPT WITH RESPECT TO LICENSEE’S
INDEMNIFICATION OBLIGATIONS HEREUNDER AND/ OR CLAIMS ARISING OUT OF LICENSEE’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OR
LICENSEE’S VIOLATION OF THE INTELLECTUAL PROPERTY, LICENSE OR CONFIDENTIALITY RESTRICTIONS CONTAINED HEREIN, IN NO EVENT
SHALL EITHER PARTY OR THEIR PARENTS (INCLUDING OWNER), AFFILIATES OR SUBSIDIARIES BE LIABLE FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL,
SPECIAL, EXEMPLARY OR PUNITIVE DAMAGES, REGARDLESS OF THE FORM OF ACTION, WHETHER IN CONTRACT, TORT OR OTHERWISE, EVEN IF SUCH
PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT SHALL SLC’S OR OWNER’S LIABILITY TO LICENSEE
ARISING OUT OF THIS AGREEMENT EXCEED, IN THE AGGREGATE, THE AMOUNTS PAID BY LICENSEE TO SLC UNDER THIS AGREEMENT DURING THE NINETY
(90) DAY PERIOD IMMEDIATELY PRECEEDING THE ACCRUAL OF THE ALLEGED CAUSE OF ACTION. IN NO EVENT MAY ANY ACTION BY LICENSEE AGAINST
SLC OR OWNER HEREUNDER BE ASSERTED MORE THAN ONE (1) CALENDAR YEAR AFTER THE CLAIM IN QUESTION HAS ACCRUED.

 

    	-13-

    	 

    

 

		17.	REPRESENTATION. 

 

It is expressly agreed and understood
that neither party hereto is the agent or legal representative of the other and neither party has the authority, express or implied
to bind the other or pledge its credit. This Agreement does not create a partnership or joint venture between the Parties.

 

		18.	FORCE MAJEURE. 

 

It is understood and agreed that
in the event of an act of the government, war, terrorism, fire, flood or other natural disaster, or labor or manufacturing strikes
which prevent the performance of this Agreement, such nonperformance will not be considered a breach of this Agreement, and such
nonperformance shall be excused while, but not longer than, the conditions described herein prevail. The period of Force Majeure
shall not exceed twelve (12) months. Either party may terminate this Agreement upon written notice to the other party if the Force
Majeure event lasts for twelve (12) months or longer.

 

		19.	NOTICES. 

 

All notices, whenever required
in this Agreement, will be in writing and sent by certified mail, return receipt requested, or via standard overnight courier,
facsimile transmission or electronic mail, to the addresses designated by the Parties for such purpose. Notices will be deemed
to have been given two business days following mailing, one business day after delivery to an overnight courier, and upon electronic
confirmation of a facsimile transmission.

 

	Notices To SLC:	Scores Licensing Corp.
	 	617 11th Avenue, New York, NY 10036
	 	Fax: (212) 246-0856
	 	Attn: Howard Rosenbluth
	 	E-mail: howardr@pecnyc.com

 

    	-14-

    	 

    

 

With a copy to: Jeffrey Weingart,
Esq., Meister Seelig & Fein LLP, 140 East 45th Street, 19th Floor, New York, NY, 10017, Fax No. (212)
655-3535.

 

Notices to Licensee: Star Light
Events LLC

 

	 	1000 Boardwalk
	 	Atlantic City NJ 08401
	 	Fax: 
	 	Attn: Chief Operating Officer
	 	Email: my@scoresac.com

 

		20.	CONTROLLING LAW; VENUE. 

 

This Agreement
shall be construed In accordance with the laws of the State of New York, United Stated of America, and jurisdiction over the Parties
and subject matter of this Agreement with respect to any controversy arising hereunder, in whole or in part, shall be exclusively
in the federal or state courts located in the State of New York, County of New York. The Parties hereby irrevocably consent to
the exclusive jurisdiction and venue of such courts.

 

		21.	ASSIGNMENT. 

 

This Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective permitted successors and permitted assigns, provided,
however, that neither this Agreement, nor any of the rights, interests or obligations hereunder may be assigned by Licensee without
the prior written consent of SLC, and any attempts to do so without the consent of SLC shall be void and of no effect.

 

		22.	ENTIRE AGREEMENT. 

 

This Agreement constitutes the
entire agreement and understating between the Parties hereto. No other oral or written agreements or representations exist or are
being relied upon by either party, all being merged herein. Any modifications or additions hereto must be made in writing and signed
by the Parties.

 

		23.	MISCELLANEOUS.

 

(a) The section headings used
herein are for reference purposes only and do not affect the meaning or interpretation of this Agreement. If any provisions of
this Agreement are for any reason declared to be invalid or illegal, the remaining provisions shall not be affected thereby.

 

    	-15-

    	 

    

 

(b) The failure of either party
to enforce any or all of its rights hereunder as they accrue shall not be deemed a waiver of those rights, all of which are expressly
reserved.

 

(c) This Agreement may be executed
in more than one counterparts, all of which shall be deemed to be originals. Signatures delivered by electronic means shall be
accepted and treated as original signatures.

 

(d) The following Sections of
this Agreement shall survive the termination or expiration of this Agreement: 2, 6, 7, 11, 12, 13, 14 (c), 16, 19, 20, 21, 24 and
25.

 

		24.	SECURITY INTEREST.

 

(a) In order to induce SLC to
enter into this Agreement and to secure the complete and timely performance of Licensee’s obligations hereunder, Licensee
hereby grants to SLC a security interest in Licensee’s receipts and receivables from the Business as collateral. In the event
Licensee defaults under this Agreement, SLC may enforce against Licensee all the rights and remedies of a secured creditor with
respect to Licensee’s receipts and receivables from the Business upon default under all applicable laws. In the event Licensee
files for bankruptcy under the U.S. Bankruptcy Laws, SLC may enforce all rights and remedies of a secured creditor under the U.S.
Bankruptcy Code.

 

(b) Licensee agrees to execute
any and all documents necessary to perfect SLC’s security interest hereunder including, but not limited to, Financing Statement
Form UCC-1 and any other security agreements and financing statements evidencing said security interest in such form as may be
recorded and perfected according to applicable laws.

 

IN WITNESS WHEREOF,
the Parties hereto have executed this Agreement by their respective duly authorized representatives as of the date first written
above.

 

	SCORES LICENSING CORP.	 	STAR LIGHT EVENTS LLC
	 	 	 	 	 
	By:	/s/Howard Rosenbluth	 	By:	/s/ Mark Yackow
	 	 	 	 	 
	Print Name:	Howard Rosenbluth	 	Print Name:	Mark Yackow
	 	 	 	 	 
	Title:	CFO	 	Title:	COO
	 	 	 	 	 
	Date:	12/9/13	 	Date:	12/9/13

 

    	-16-

    	 

    

 

SCHEDULE A

 

		1.	SCORES Trademarks:

 

	 	® trademark, U.S.  Registration No. 1,830,135

 

International Classes: 6, 41, 42

 

		® trademark, U.S. Registration No. 1,855,829

 

International Classes: 25, 41, 42

 

THE REAL MEN OF SCORESTM trademark, U.S. Serial
No. 85/905,856

 

International Classes: 41, 43

 

SCORES COLLECTIONTM trademark, U.S. Serial
No. 85/965,064

 

International Class: 35

 

DIAMOND DOLLARSTM

 

		2.	Licensed Products:

 

Apparel, underwear, jewelry, novelties and other items, in each
case subject to the prior written approval and consent of SLC.

 

    	-17-Exhibit 10.1

 

FIRST AMENDMENT TO
EXECUTIVE EMPLOYMENT AGREEMENT

 

This First
Amendment to Executive Employment Agreement (this “Amendment”) is made and entered as of this
20th day of December, 2013, by and between Alliqua, Inc., a Florida corporation (the “Company”), and
David Johnson (“Executive”) for the purpose of amending that certain Executive Employment Agreement dated
as of February 4, 2013, by and between the Company and Executive (the “Agreement”). Terms used in this
Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in
the Agreement.

 

WHEREAS, Section
10(k) of the Agreement provides that the parties to the Agreement may amend the Agreement in a writing signed by the parties; and

 

WHEREAS, pursuant
to Section 5(c)(ii) of the Agreement, the Company agreed to grant Executive certain stock option awards on the last business day
of each calendar quarter (each a “Quarterly Grant”) during the period beginning on the Agreement’s
Effective Date and ending on the third anniversary of the Effective Date (the “Award Period”); and

 

WHEREAS, the
Executive has received a Quarterly Grant for the first, second, and third calendar quarters of 2013; and

 

WHEREAS, the
parties desire to amend Section 5(c)(ii) of the Agreement to provide for a single stock option award, which options shall vest
quarterly on the first day of each calendar quarter remaining in the Award Period, in lieu of the separate Quarterly Grants that
were to be awarded for each calendar quarter remaining in the Award Period pursuant to the Agreement.

 

NOW THEREFORE,
pursuant to Section 10(k) of the Agreement, in consideration of the mutual promises, conditions, and covenants contained herein
and in the Agreement, and other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties agree
as follows:

 

1.Section 5(c)(ii)
of the Agreement is hereby amended by deleting said section in its entirety and substituting in lieu thereof the following new
Section 5(c)(ii):

 

(ii)An
award of nonqualified stock options, pursuant to a stand-alone award agreement outside of the 2011 Plan, with respect to seven
hundred thirty thousand five hundred thirty-five (730,535) shares of the Company’s common stock, subject to the terms and
conditions of a nonqualified stock option award agreement, which terms shall include: (A) an exercise price equal to the fair market
value of a share of common stock at the close of the market on the date of grant, (B) one-ninth (1/9th) of such options
becoming vested and exercisable on the first day of each calendar quarter during the period commencing on January 1, 2014 and ending
on the third anniversary of the Effective Date, (C) immediate vesting of 100% of the then unvested optioned shares upon the effective
date of a “Change in Control” (as defined in the 2011 Plan), and (D) a term of ten (10) years (subject to early termination
of forfeiture in accordance with the terms of the nonqualified stock option award agreement).

 

2.Except as expressly
amended by this Amendment, the Agreement shall continue in full force and effect in accordance with the provisions thereof.

 

3.In the event
of a conflict between the Agreement and this Amendment, this Amendment shall govern.

 

* * * * * * * * * *

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties have executed this Amendment as of the date first indicated above.

 

	 	THE COMPANY:	 
	 	 	 	 
	 	ALLIQUA, INC.	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jerome B. Zeldis	 
	 	 	Jerome B. Zeldis MD, PhD	 
	 	 	Chairman of the Board	 
	 	 	 	 
	 	 	 	 
	 	EXECUTIVE:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	/s/ David Johnson	 
	 	David Johnson

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00225-of-00352.parquet"}]]