Document:

Exhibit 10.2

 

CONSULTING
AGREEMENT

 

THIS
CONSULTING AGREEMENT (the “Agreement”) is made and entered into on the 3rd, day of February, 2018 (the “Effective
Date”)

 

Between:

 

Regal
Consulting, a limited liability company organized under the laws of the state of Delaware (the “Consultant”), and Nightfood
Holdings, Inc. a corporation organized under the laws of the State of Nevada, (“Client”).

 

WHEREAS,
Consultant is in the business of providing services for management consulting and strategic business advisory; and NOW THEREFORE,
in consideration of the mutual promises and covenants set forth in this Agreement, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1.
CONSULTING SERVICES: In consideration of services rendered to the Client, the Consultant shall receive the compensation set
forth in this Agreement. It is acknowledged and agreed by the Client that Consultant carries no professional licenses, is not
rendering legal advice or performing accounting services, is not acting as an investment advisor or broker/dealer within the meaning
of the applicable state and federal securities laws and is not effecting securities transactions for or on account of the Client.
The services of Consultant shall not be exclusive nor shall Consultant be required to render any specific number of hours or assign
specific personnel to the Client or its projects.

 

Services
include:

 

		●	News
                                         Commentary: Professionally written tagged press releases of the Client, that will be
                                         distributed through a network of hundreds of websites. Three tagged press releases per
                                         month will be released, upon approval from Client.

 

		●	Informational
                                         Website. Regal Consulting will create and drive web traffic to an informational website
                                         about the Client’s company, its mission, products/services, corporate story and opportunities.
                                         The purpose is to place Client in the most favorable light to the small cap investing
                                         public by succinctly describing Client’s potentials and opportunities. Regal Consulting
                                         targets 5,000 PPC views per month to Client’s custom created informational website.

 

2.
INDEPENDENT CONTRACTOR; NO AGENCY: The Consultant agrees to perform its consulting duties hereto as an independent
contractor. No agency, employment, partnership or joint venture shall be created by this Agreement. Consultant shall have no
authority as an agent of the Client or to otherwise bind the Client to any agreement, commitment, obligation, contract,
instrument, undertaking, arrangement, certificate or other matter. The Client shall not make social security, worker’s
compensation or unemployment insurance payments on behalf of Consultant. The parties hereto acknowledge and agree that
Consultant cannot guarantee the results or effectiveness of any of the services rendered or to be rendered by Consultant. The
Consultant shall have no authority to legally bind the Client to any agreement, contract, obligation or otherwise.

 

     

     

    

 

3. NO
GUARANTEE: The parties hereto acknowledge and agree that Consultant cannot guarantee the results or effectiveness of any of
the services rendered or to be rendered by Consultant. Rather, Consultant shall conduct its operations and provide its services
in a professional manner and in accordance with good industry practice. Consultant will use its best efforts and does not promise
results.

 

4. COMPENSATION
AND TERM: This Agreement has a six month term, and shall be terminated on 08/03/2018:

 

(a)
Client shall pay Consultant for its services hereunder as follows:

 

Client
shall issue Consultant a $200,000, 6 month, 10% coupon, Convertible Promissory Note. The promissory note is considered fully earned
upon signing of this Agreement by both parties hereto. Furthermore, within 72 hours of the signing of this agreement, and note
the client agrees to release a 8-K in reference to this agreement, and note. In addition to the note there will be an additional
$60,000 cash component that will be paid monthly in the sum of $10,000.

 

5.
CONFIDENTIALITY: The Consultant recognizes and acknowledges that it has and will have access to certain confidential information
of the Client and its affiliates that are valuable, special and unique assets and property of the Client and such affiliates (the
“Confidential Information”). Confidential Information shall not be deemed to include information (a) in the public domain,
(b) available to the Consultant outside of its service to the Client or other than from a person or entity known to Consultant
to have breached a confidentiality obligation to the Client, (c) independently developed by Consultant without reference to the
Confidential Information, or (d) known or available to Consultant as of the date of this Agreement. The Consultant will not, during
the term of this Agreement, disclose, without the prior written consent or authorization of the Client, disclose any Confidential
Information to any person, for any reason or purpose whatsoever. In this regard, the Client agrees that such authorization or
consent to disclose may be conditioned upon the disclosure being made pursuant to a secrecy agreement, protective order, provision
of statute, rule, regulation or procedure under which the confidentiality of the information is maintained in the hands of the
person to whom the information is to be disclosed or in compliance with the terms of a judicial order or administrative process.

 

    	 	2	 

     

    

 

6. CERTAIN
REPRESENTATIONS OF CONSULTANT: The Consultant represents and warrants to the Client that the Consultant is an “accredited
Holder” within the meaning of Rule 501 under the Securities Act of 1933, as amended (the “Securities Act”). Consultant
covenants and agrees that it and its affiliates will not sell, assign or otherwise transfer any shares of common stock received
from the Client as consideration hereunder except in compliance with the registration requirements of the Securities Act and state
securities laws or an appropriate exemption from such requirements. Consultant further represents and warrants that the Consultant
has significant experience in advising and transacting business with companies and understands the risks associated therewith.

 

7.
WORK PRODUCT: It is agreed that all information and materials produced for the Client shall be deemed “work made for
hire” and the property of the Client.

 

8. NOTICES:
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing
and shall be deemed given and effective on the earliest of (i) the date of transmission, if such notice or communication is delivered
via facsimile at the facsimile telephone number specified in this Section prior to 6:30 p.m. (Las Vegas, Nevada. time) on a Business
Day, (ii) the Business Day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile
telephone number specified in this Agreement later than 6:30 p.m. (Las Vegas, Nevada. time) on any date and earlier than 11:59
p.m. (Las Vegas, Nevada. time) on such date, (iii) the Business Day following the date of mailing, if sent by U.S. nationally
recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice is required to be given as
follows:

 

To
the Client:           Sean Folkson (914) 292-0608

To
the Consultant:  Parker Mitchell (702)-994-9714

 

9. WAIVER
OF BREACH: Any waiver by either party or a breach of any provision of this Agreement by the other party shall not operate
or be construed as a waiver of any subsequent breach by any party.

 

10. ASSIGNMENT:
This Agreement and the right and obligations of the Consultant hereunder shall not be assignable without the written consent
of the Client, which shall not be unreasonably withheld.

 

    	 	3	 

     

    

 

11.
GOVERNING LAW: All questions concerning the construction, validity, enforcement and interpretation of this Agreement
shall be governed by and construed and enforced in accordance with the internal laws of the the state of Nevada, without
regard to the principles of conflicts of law thereof. Each party hereby irrevocably submits to the exclusive jurisdiction of
the Provincial and federal courts for the adjudication of any dispute hereunder or in connection herewith or with any
transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit,
action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process
being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight
delivery (with evidence of delivery). Nothing contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law. Each party irrevocably waives, to the fullest extent permitted by applicable law, any and all
right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby. If either party shall commence an action or proceeding to enforce any provisions of the documents contemplated
herein, then the prevailing party in such action or proceeding shall be reimbursed by the other party for its attorney’s fees
and other costs and expenses incurred with the investigation, preparation and prosecution of such action or
proceeding.

 

12. SEVERABILITY:
All agreements and covenants contained herein are severable, and in the event any of them shall be held to be invalid by any
competent court, the Agreement shall be interpreted as if such invalid agreements or covenants were not contained herein.

 

13. ENTIRE
AGREEMENT: This Agreement constitutes and embodies the entire understanding and agreement of the parties and supersedes and
replaces all other or prior understandings, agreements and negotiations between the parties.

 

14. WAIVER
AND MODIFICATION: Any waiver, alteration, or modification of any of the provisions of this Agreement shall be valid only if
made in writing and signed by the parties hereto. Each party hereto, may waive any of its rights hereunder without affecting a
waiver with respect to any subsequent occurrences or transactions hereof.

 

15. COUNTERPARTS
AND FACSIMILE SIGNATURE: This Agreement may be executed simultaneously in two or more counterparts, each of which shall be
deemed an original, but all of which taken together shall constitute one and the same instrument. Execution and delivery of this
Agreement by exchange of facsimile copies bearing the facsimile signature of a party hereto shall constitute a valid and binding
execution and delivery of this Agreement by such party. Such facsimile copies shall constitute enforceable original documents.

 

    	 	4	 

     

    

 

16.
FORCE MAJEURE: Neither party shall be in default or otherwise liable for any delay in or failure of its performance
under this Agreement where such delay or failure arises by reason of any Act of God, or any government or any governmental
body, war, terrorist act, insurrection, the elements, strikes or labor disputes, or other similar or dissimilar cause beyond
the control of such party. The Client may terminate, at its option, the whole or any part of this Agreement or if such
situation continues for more than thirty (30) days.

 

17. CONFLICT:
In the event of a conflict between the provisions of any exhibit to this Agreement and the Agreement, the provisions of this
Agreement shall govern.

 

18. FURTHER
ASSURANCES : Each party will execute and deliver such further agreements, documents and instruments and take such further
action as may be reasonably requested by the other party to carry out the provisions and purposes of this Agreement.

 

[Signature
page follows immediately]

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have duly executed and delivered this Agreement, effective as of the date set forth above.

 

CONSULTANT:

 

	Signature:	/s/
    Parker Mitchell	 
	Name:	Parker Mitchell	 
	Date:	02/01/18	 
	Company
    & Position:	Regal Consulting, LLC. / Manager	 

 

CLIENT:

 

	Signature:	/s/
    Sean Folkson	 
	Name:	Sean
    Folkson	 
	Date:
	February 1, 2018	 
	Company
    & Position:	NightFood
    Holdings, Inc. - CEO	 

 

    	 	6	 

     

    

 

Exhibit
“A”

 

10% PER ANNUM, $200,000 CONVERTIBLE NOTE

 

FOR
VALUE RECEIVED, Nightfood Holdings, Inc. a corporation organized under the laws of the State of Nevada, (the “Maker”
of this Security) with at least 2,000,000 common shares issued and outstanding, issues this Security and promises to pay to Regal
Consulting, a limited liability company organized under the laws of the state of Delaware, or its Assignees (the “Holder”)
the Principal Sum along with the Interest Rate (10% per year, simple interest) and any other fees according to the terms herein.
This Note will become effective upon execution by both parties (the “Effective Date”).

 

The
Principal Sum is $200,000 (Two Hundred Thousand Dollars) plus accrued and unpaid interest and any other fees. The Consideration
is $200,000 (Two Hundred Thousand Dollars). The Consultant shall be owed $200,000 of Consideration upon closing of this Note.
The note shall bear simple interest of 10% per year accruing from the date signed.

 

MATURITY:

 

The
Maturity Date is six months from the Effective Date of each payment (the “Maturity Date”) and is the date upon which
the Principal Sum of this Note, as well as any unpaid interest and other fees, shall be due and payable.

 

CONVERSION:

 

The
Conversion Price shall be the lesser of $0.44 or 65% of the three lowest trades in the 10 trading days prior to the
conversion; Unless otherwise agreed in writing by both parties, at no time will the Holder convert any amount of the Note
into common stock that would result in the Holder owning more than 4.99% of the common stock outstanding; The Maker may
prepay the Note prior to the Maturity Date without written approval from the Holder, provided the principal is prepaid in
full, plus full interest, plus a prepayment penalty of 25% on the principal. The Holder has the right, at any time after 180
days from the Effective Date, at its election, to convert all or part of the outstanding and unpaid Principal Sum and accrued
interest into shares of fully paid and non-assessable shares of common stock of the Maker as per this conversion formula:
Number of shares receivable upon conversion equals the dollar conversion amount divided by the Conversion Price; Conversions
are to be delivered to the Maker and Transfer Agent by method of the Holder’s choice (including, but not limited to email,
facsimile, mail, overnight courier, or personal delivery), and all conversions shall be cashless and not require further
payment from the Holder. The Maker shall have been thereafter deemed to have irrevocably confirmed and irrevocably ratified
such notice of conversion and waived any objection thereto.The Maker shall deliver the shares from any conversion to the
Holder (in any name directed by the Holder) within 3 (three) business days of conversion notice delivery. If the Maker fails
to deliver shares in accordance with the timeframe stated in Section f, the Holder, at anytime prior to selling all of those
shares, may rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares and
have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Maker
(under the Holder’s and the Maker’s expectations that any returned conversion amounts will tack back to the original date of
the Note). In addition for each conversion, in the event that shares are not delivered by the fourth business day (inclusive
of the day of conversion), a penalty of $2,000 per day will be assessed for each day after the third business day (inclusive
of the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note
(under the Holder’s and the Maker’s expectations that any penalty amounts will track back to the original date of
the Note).

 

    	 	A-1	 

     

    

 

RESERVATION
OF SHARES: At all times during which this Note is convertible, the Maker will reserve from its authorized and unissued Common
Stock to provide for the issuance of Common Stock upon the full conversion of this Note. The Maker will at all times reserve at
least 2,000,000 shares of Common Stock for conversion.

 

DEFAULT:
The following are events of default under this Note: (i) the Maker shall fail to pay any principal under the Note when due
and payable (or payable by conversion) thereunder; or (ii) the Maker shall fail to pay any interest or any other amount under
the Note when due and payable (or payable by conversion) thereunder; or (iii) a receiver, trustee or other similar official shall
be appointed over the Maker or a material part of its assets and such appointment shall remain uncontested for twenty (20) days
or shall not be dismissed or discharged within Thirty (60) days; or (iv) the Maker shall become insolvent or generally fails to
pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any; or
(v) the Maker shall make a general assignment for the benefit of creditors; or (vi) the Maker shall file a petition for relief
under any bankruptcy, insolvency or similar law (domestic or foreign); or (vii) an involuntary proceeding shall be commenced or
filed against the Maker; or (viii) the Maker shall lose its status as “DTC Eligible” or the Maker’s shareholders shall
lose the ability to deposit (either electronically or by physical certificates, or otherwise) shares into the DTC System; or (ix)
the Maker shall become delinquent in its filing requirements as a fully-reporting Maker registered with the SEC; or (x) the Maker
shall fail to meet all requirements to satisfy the availability of Rule 144 to the Holder or its assigns including but not limited
to timely fulfillment of its filing requirements as a fully-reporting Maker registered with the SEC, requirements for XBRL filings,
and requirements for disclosure of financial statements on its website.

 

    	 	A-2	 

     

    

 

REMEDIES:
In the event of any default, the outstanding principal amount of this Note, plus accrued but unpaid interest liquidated damages,
fees and other amounts owing, in respect thereof through the date of acceleration, shall become, at the Holder’s election, immediately
due and payable in cash or stock at the Mandatory Default Amount. The Mandatory Default Amount means the greater of (i) the outstanding
principal amount of this Note, plus all accrued and unpaid interest, liquidated damages, fees and other amounts hereon, divided
by the Conversion Price on the date the Mandatory Default Amount is either demanded or paid in full, whichever has a lower Conversion
Price, multiplied by the VWAP on the date the Mandatory Default Amount is either demanded or paid in full, whichever has a higher
VWAP, or (ii) 150% of the outstanding principal amount of this Note, plus 100% of accrued and unpaid interest, liquidated damages,
fees and other amounts hereon. Commencing five (5) days after the occurrence of any event of default that results in the eventual
acceleration of this Note, the interest rate on this Note shall accrue at an interest rate equal to the lesser of 18% per annum
or the maximum rate permitted under applicable law. In connection with such acceleration described herein, the Holder need not
provide, and the Maker hereby waives, any presentment, demand, protest or other notice of any kind, and the Holder may immediately
and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available
to it under applicable law. Such acceleration may be rescinded and annulled by the Holder at any time prior to payment hereunder
and the Holder shall have all rights as a holder of the note until such time, if any, as the Holder receives full payment pursuant
to this Section 6. No such rescission or annulment shall affect any subsequent event of default or impair any right consequent
thereon. Nothing herein shall limit the Holder’s right to pursue any other remedies available to it at law or in equity including,
without limitation, a decree of specific performance and/or injunctive relief with respect to the Maker’s failure to timely deliver
certificates representing shares of Common Stock upon conversion of the Note as required pursuant to the terms hereof.

 

NO
SHORTING: The Holder agrees that so long as this Note from the Maker to the Holder remains outstanding, the Holder will not
enter into or effect “short sales” of the Common Stock or hedging transaction which establishes a net short position
with respect to the Common Stock of the Maker. The Maker acknowledges and agrees that upon delivery of a conversion notice by
the Holder, the Holder immediately owns the shares of Common Stock described in the conversion notice and any sale of those shares
issuable under such conversion notice would not be considered short sales.

 

ASSIGNABILITY:
The Maker may not assign this Note. This Note will be binding upon the Maker and its successors and will inure to the benefit
of the Holder and its successors and assigns and may be assigned by the Holder to anyone without the Maker’s approval.

 

    	 	A-3	 

     

    

 

GOVERNING
LAW: This Note will be governed by, and construed and enforced in accordance with, the laws of the state of Nevada, without
regard to the conflict of laws principles thereof. Any action brought by either party against the other concerning the transactions
contemplated by this Agreement shall be brought only in the state of Nevada. Both parties and the individuals signing this Agreement
agree to submit to the jurisdiction of such courts.

 

DELIVERY
OF PROCESS BY THE MAKER TO THE HOLDER: In the event of any action or proceeding by the HOLDER against the MAKER, and only
by the HOLDER against the MAKER, service of copies of summons and/or complaint and/or any other process which may be served in
any such action or proceeding may be made by the Holder via U.S. Mail, overnight delivery service such as FedEx or UPS, email,
fax, or process server, or by mailing or otherwise delivering a copy of such process to the MAKER at its last known attorney as
set forth in its most recent SEC filing.

 

ATTORNEY
FEES: If any attorney is employed by either party with regard to any legal or equitable action, arbitration or other proceeding
brought by such party for enforcement of this Note or because of an alleged dispute, breach, default or misrepresentation in connection
with any of the provisions of this Note, the prevailing party will be entitled to recover from the other party reasonable attorneys’
fees and other costs and expenses incurred, in addition to any other relief to which the prevailing party may be entitled.

 

OPINION
OF COUNSEL: In the event that an opinion of counsel is needed for any matter related to this Note, the Holder has the right
to have any such opinion provided by its counsel. Holder also has the right to have any such opinion provided by Maker’s
counsel at the cost of the Maker.

 

NOTICES:
Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally served, sent
by facsimile or email transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of
transmission if by facsimile or email, and if by overnight courier the business day after such notice is deposited with the courier
service for delivery.

 

MAKER:

 

	Signature:	/s/ Sean
    Folkson	 
	Name:	Sean Folkson	 
	Date:	February 1, 2018	 
	Company
    & Position:	NightFood Holdings, Inc - CEO	 

 

HOLDER:

 

	Signature:	/s/
    Parker Mitchell	 
	Name:	
    Parker Mitchell	 
	Date:	02/01/18	 
	Company
    & Position:	Regal Consulting,
    LLC. / Manager	 

 

    	 	A-4	 

     

    

 

ClearTrust,
LLC

Transfer Agent

16540
Pointe Village Dr.

Suite
210

Lutz,
FL 33558

813-235-4490

 

Ladies
and Gentlemen:

 

Nightfood
Holdings, Inc. a corporation organized under the laws of the State of Nevada, (the “Maker” or The Company”) and
Regal Consulting (the “Holder”) entered into a 10%, $200,000 Convertible Note (the “Note”) dated February
3rd, 2018. A copy of the Note is attached hereto. You should familiarize yourself with your issuance and delivery obligations,
as Transfer Agent, contained therein.

 

You
are hereby irrevocably authorized and instructed to reserve a sufficient number of shares of common stock (“Common Stock”)
of the Company at least 2,000,000 (two million shares of Common stock for the Note which should be held in reserve for the Holder
as of this date) for issuance upon full conversion of the Note in accordance with the terms thereof. The amount of Common Stock
so reserved may be increased, from time to time, by written instructions of the Company and the Holder. In the event of a reverse
stock split the reserve should remain unchanged unless instructed by the Holder and the Company.

 

The
ability to process a notice of conversion under the Note (a “Conversion Notice”) in a timely manner is a material obligation
of the Company pursuant to the Note. Your firm is hereby irrevocably authorized and instructed to issue shares (“Shares”)
of Common Stock of the Company to the Holder without any further action or confirmation by the Company (from the reserve,
but in the event there are insufficient reserve shares of Common Stock to accommodate a Conversion Notice (defined below) your
firm and the Company agree that the Conversion Notice should be completed using authorized but unissued shares of Common Stock
that the Company has in its treasury) upon your receipt from the Holder of a Conversion Notice executed by the Holder. The Shares
should be issued without any restrictive legend if: (A) the Holder provides you with an opinion of counsel of the Holder, in form,
substance and scope customary for opinions of counsel in comparable transactions (and satisfactory to the transfer agent), to
the effect that the Shares issued to the Holder pursuant to the Conversion Notice are not “restricted securities” as
defined in Rule 144 and should be issued to the Holder without any restrictive legend, provided that the Company is current on
its SEC filings and the opinion is dated within 90 days from the date of the issuance or transfer request; and (B) the number
of Shares to be issued is less than 4.99% of the total issued common stock of the Company.

 

     

     

    

 

The
Company hereby requests that your firm act immediately, without delay and without the need for any action or confirmation by the
Company with respect to the issuance of Common Stock pursuant to any Conversion Notices received from the Holder.

 

The
Shares shall not be subject to any stop-transfer restrictions at any time. The Company hereby confirms to you and to the Holder
that no instruction other than as contemplated herein will be given to you by the Company with respect to the matters referenced
herein. The Company hereby authorizes you, and you shall be obligated, to disregard any contrary instruction received by or on
behalf of the Company or any other person purporting to represent the Company.

 

You
are hereby authorized and directed to promptly disclose to the Holder, after Holder’s request from time to time, the total number
of shares of Common Stock issued and outstanding and the total number of shares of Common Stock that are authorized but unissued
and unreserved.

 

The
Company shall indemnify you and your officers, directors, principals, partners, agents and

 

representatives,
and hold each of them harmless from and against any and all loss, liability, damage, claim or expense (including the reasonable
fees and disbursements of its attorneys) incurred by or asserted against you or any of them arising out of or in connection the
instructions set forth herein, the performance of your duties hereunder and otherwise in respect thereof, including the costs
and expenses of defending yourself or themselves against any claim or liability hereunder, except that the Company shall not be
liable hereunder as to matters in respect of which it is determined that you have acted with gross negligence or in bad faith
(which gross negligence or bad faith must be determined by a final, non-appealable order, judgment, decree or ruling of a court
of competent jurisdiction). You shall have no liability to the Company in respect to any action taken or any failure to act in
respect of this if such action was taken or omitted to be taken in good faith, and you shall be entitled to rely in this regard
on the advice of counsel.

 

The
Board of Directors of the Company has approved the foregoing (irrevocable instructions) and does hereby extend the Company’s irrevocable
agreement to indemnify your firm for all loss, liability or expense in carrying out the authority and direction herein contained
on the terms herein set forth.

 

If
the Company’s account is in arrears with the Transfer Agent, the Transfer Agent shall not have any obligation to act upon these
instructions; however the Holder shall have the option to cure the outstanding balance with the Transfer Agent.

 

The
Company agrees that in the event that the Transfer Agent resigns as the Company’s transfer agent, or if the Company decides
to switch or terminate the current Transfer Agent, the Company shall engage a suitable replacement transfer agent that will
agree to serve as transfer agent for the Company and be bound by the terms and conditions of these Irrevocable Instructions
within five (5) business days. If a suitable replacement share reserve, as deemed by the Holder, is not established with any
new transfer agencies retained by the company within 5 business days of migration, The Company shall pay the Holder a $1,500
per day penalty until said reserve is established.

 

     

     

    

 

The
Holder is intended to be and is third party beneficiary hereof, and no amendment or modification to the instructions set forth
herein may be made without the consent of the Holder.

 

		Very truly yours,
	 	 
		Maker: Nightfood Holdings, Inc.
	 	 
		By:	                           
	 	Sean Folkson, Chief Executive Officer 

 

Acknowledged
and Agreed:

 

Holder: Regal Consulting, LLC.

 

 

 

Parker Mitchell, Manager
Partner

 

Transfer
Agent: Corporate Stock Transfer

 

By:___________________________________

 

Name & Title:Exhibit 10.3

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT
(the “Agreement”), dated as of September 8, 2017, by and between Nightfood
Holdings, Inc., a Nevada corporation, with headquarters located at520 White Plains Road,
Suite 500, Tarrytown, NY 10591, (the “Company”), and EAGLE EQUITIES, LLC,
a Nevada limited liability company, with its address at 91 Shelton Ave, Suite 107, New Haven, CT 06511 (the “Buyer”).

 

WHEREAS:

 

A.  The
Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the Securities Act of 1933, as amended (the “1933 Act”);

 

B.  Buyer
desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement two 8%
convertible notes of the Company, in the forms attached hereto as Exhibit A and B in the aggregate principal amount of $432,750.00
(with the first note being in the amount of $222,750 and the second note being in the amount of $210,000) (together with any note(s)
issued in replacement thereof or as a dividend thereon or otherwise with respect thereto in accordance with the terms thereof,
the “Note”), convertible into shares of common stock, of the Company (the “Common Stock”), upon the terms
and subject to the limitations and conditions set forth in such Note. The first of the two notes (the “First Note”)
shall be paid for by the Buyer as set forth herein. The First Note shall contain an OID of $4,000 such that the face amount shall
be $222,750 while the purchase price shall be $218,750. The second note (the “Second Note”) shall initially be paid
for by the issuance of an offsetting $210,000 secured note issued to the Company by the Buyer (“Buyer Note”), provided
that prior to conversion of the Second Note, the Buyer must have paid off the Buyer Note in cash such that the Second Note may
not be converted until it has been paid for in cash by Buyer.

 

C.  The
Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is set forth
immediately below its name on the signature pages hereto; and

 

NOW
THEREFORE, the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1.  Purchase
and Sale of Note.

 

a.  Purchase
of Note. On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase
from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages
hereto.

 

     

     

    

 

b.  Form
of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note to be issued and
sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately available funds
to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note in the principal
amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages hereto, and
(ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchas
e Price.

 

c.  Closing
Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing Date”)
shall be on or about September 8, 2017, or such other mutually agreed upon time. The closing of the transactions contemplated
by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.
Subsequent closings of the Second Note shall occur on or before the date specified in the Buyer Note. The Company may reject
the closing of the back end financing by giving the Buyer written notice at least 30 days prior to the 6 month anniversary of
the Second Note of its intent to reject the funding of the Second Note. In such case both the Buyer Note and the Second Note shall
be terminated.

 

2.  Buyer’s
Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.  Investment
Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of
or otherwise pursuant to the Note, such shares of Common Stock being collectively referred to herein as the “Conversion
Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards
the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act;
provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities
for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant
to a registration statement or an exemption under the 1933 Act.

 

b.  Accredited
Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D
(an “Accredited Investor”). Any of Buyer’s transferees, assignees, or purchasers must be “accredited investors”
in order to qualify as prospective transferees, permitted assignees in the case of Buyer’s or Holder’s transfer, assignment
or sale of the Note.

 

c.  Reliance
on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon specific exemptions
from the registration requirements of United States federal and state securities laws and that the Company is relying upon the
truth and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements, acknowledgments and
understandings of the Buyer set forth herein in order to determine the availability of such exemptions and the eligibility of
the Buyer to acquire the Securities.

 

    2

     

    

 

d.  Information.
The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue to be, furnished with
all materials relating to the business, finances and operations of the Company and materials relating to the offer and sale of
the Securities which have been requested by the Buyer or its advisors. The Buyer and its advisors, if any, have been, and for
so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the Company. Notwithstanding
the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will not disclose such information
unless such information is disclosed to the public prior to or promptly following such disclosure to the Buyer. Neither such inquiries
nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives shall modify, amend or
affect Buyer’s right to rely on the Company’s representations and warranties contained in Section 3 below. The Buyer
understands that its investment in the Securities involves a significant degree of risk. The Buyer is not aware of any facts that
may constitute a breach of any of the Company’s representations and warranties made herein.

 

e.  Governmental
Review. The Buyer understands that no United States federal or state agency or any other government or governmental agency
has passed upon or made any recommendation or endorsement of the Securities.

 

f.  Transfer
or Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not being registered
under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the Securities
are sold pursuant to an effective registration statement under the 1933 Act, (b) in the case of subparagraphs (c), (d) and
(e) below, the Buyer shall have delivered to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form,
substance and scope customary for opinions of counsel in comparable transactions to the effect that the Securities to be sold
or transferred may be sold, or transferred pursuant to an exemption from such registration, including the removal of any restrictive
legend which opinion shall be accepted by the Company, (c) the Securities are sold or transferred to an “affiliate”
(as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”) of the Buyer who agrees
to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited Investor, (d) the
Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under the 1933 Act (or
a successor rule) (“Regulation S”); (ii) any sale of such Securities made in reliance on Rule 144 may be made only
in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances
in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined
in the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder;
and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any
state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the
foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a
bona fide margin account or other lending arrangement.

 

    3

     

    

 

g.  Legends.
The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under the 1933 Act will
be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that
can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form (and a stop-transfer
order may be placed against transfer of the certificates for such Securities):

 

“NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security
upon which it is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for
sale under an effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation
S without any restriction as to the number of securities as of a particular date that can then be immediately sold, and (b) such
holder provides the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act,
and that legend removal is appropriate, which opinion shall be accepted by the Company so that the sale or transfer is effected.
The Buyer agrees to sell all Securities, including those represented by a certificate(s) from which the legend has been removed,
in compliance with applicable prospectus delivery requirements, if any. In the event that the Company does not accept the opinion
of counsel provided by the Buyer with respect to the transfer of Securities pursuant to an exemption from registration, such as
Rule 144 or Regulation S, within 2 business days, it will be considered an Event of Default under the Note.

 

h.  Authorization;
Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed and delivered on behalf
of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in accordance with its terms.

 

i.  Residency.
The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the signature pages hereto.

 

    4

     

    

 

j.
No Short Sales. Buyer/Holder, its successors and assigns, agrees that so long as the Note remains outstanding, neither
the Buyer/Holder nor any of its affliliates shall not enter into or effect “short sales” of the Common Stock or hedging
transaction which establishes a short position with respect to the Common Stock of the Company. The Company acknowledges and agrees
that upon delivery of a Conversion Notice by the Buyer/Holder, the Buyer/Holder immediately owns the shares of Common Stock described
in the Conversion Notice and any sale of those shares issuable under such Conversion Notice would not be considered short sales.

 

3.  Representations
and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.  Organization
and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized, validly existing and
in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority (corporate and
other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased, used, operated
and conducted.

 

b.  Authorization;
Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform this Agreement, the
Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance with the terms
hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation by it of the
transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance and reservation
for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by the Company’s
Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders is required,
(iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such authorized
representative is the true and official representative with authority to sign this Agreement and the other documents executed
in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery
by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms.

 

c.  Issuance
of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the Note in accordance
with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens, claims and encumbrances
with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the
Company and will not impose personal liability upon the holder thereof.

 

d.  Acknowledgment
of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common Stock upon the issuance
of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation to issue Conversion
Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional regardless of the
dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

    5

     

    

 

e.  No
Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation by the
Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation for issuance
of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate of Incorporation
or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event
which with notice or lapse of time or both could become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company or any of
its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company
or any of its Subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect). All consents, authorizations,
orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained
or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the OTC Markets Exchange
(the “OTC MARKETS”) and does not reasonably anticipate that the Common Stock will be delisted by the OTC MARKETS in
the foreseeable future, nor are the Company’s securities “chilled” by FINRA. The Company and its Subsidiaries
are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

f.  Absence
of Litigation. Except as disclosed in the Company’s Periodic Report filings with the SEC, there is no action, suit,
claim, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization
or body pending or, to the knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or
any of its subsidiaries, or their officers or directors in their capacity as such, that could have a material adverse effect.
Schedule 3(f) contains a complete list and summary description of any pending or, to the knowledge of the Company, threatened
proceeding against or affecting the Company or any of its subsidiaries, without regard to whether it would have a material adverse
effect. The Company and its subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

g.  Acknowledgment
Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer is acting solely in the
capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated hereby. The Company
further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity)
with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer or any of its respective
representatives or agents in connection with this Agreement and the transactions contemplated hereby is not advice or a recommendation
and is merely incidental to the Buyer’ purchase of the Securities. The Company further represents to the Buyer that the
Company’s decision to enter into this Agreement has been based solely on the independent evaluation of the Company and its
representatives.

 

    6

     

    

 

h.  No
Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances that would
require registration under the 1933 Act of the issuance of the Securities to the Buyer.

 

i.  Title
to Property. The Company and its subsidiaries have good and marketable title in fee simple to all real property and good and
marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries,
in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would
not have a material adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are
held by them under valid, subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j.  Bad
Actor. No officer or director of the Company would be disqualified under Rule 506(d) of the Securities Act as amended on the
basis of being a “bad actor” as that term is established in the September 19, 2013 Small Entity Compliance Guide
published by the Securities and Exchange Commission.

 

k.  Breach
of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties set forth
in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be considered
an Event of default under the Note.

 

4.  COVENANTS.

 

a.  Expenses.
At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the negotiation, preparation,
execution, delivery and performance of this Agreement and the other agreements to be executed in connection herewith (“Documents”),
including, without limitation, reasonable attorneys’ and consultants’ fees and expenses, transfer agent fees, fees
for stock quotation services, fees relating to any amendments or modifications of the Documents or any consents or waivers of
provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs of restructuring the transactions
contemplated by the Documents. When possible, the Company must pay these fees directly, otherwise the Company must make immediate
payment for reimbursement to the Buyer for all fees and expenses immediately upon written notice by the Buyer or the submission
of an invoice by the Buyer.

 

    7

     

    

 

b.  Listing.
The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange or automated quotation
system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance) and, so long as the
Buyer owns any of the Note Securities, shall maintain, so long as any other shares of Common Stock shall be so listed, such listing
of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long as the Buyer
owns any of the Securities, maintain the listing and trading of its Common Stock on the OTC MARKETS or any equivalent replacement
market, the Nasdaq stock market (“Nasdaq”), the New York Stock Exchange (“NYSE”), or the American Stock
Exchange (“AMEX”) and will comply in all respects with the Company’s reporting, filing and other obligations
under the bylaws or rules of the Financial Industry Regulatory Authority (“FINRA”) and such exchanges, as applicable.
The Company shall promptly provide to the Buyer copies of any notices it receives from the OTC MARKETS and any other markets on
which the Common Stock is then listed regarding the continued eligibility of the Common Stock for listing on such markets.

 

c.  Corporate
Existence. So long as the Buyer beneficially owns the Note, the Company shall maintain its corporate existence and shall not
sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or sale of all or
substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i) assumes the Company’s
obligations hereunder and under the agreements and instruments entered into in connection herewith and (ii) is a publicly traded
corporation whose Common Stock is listed for trading on the OTC MARKETS, Nasdaq, NYSE or AMEX.

 

d.  No
Integration. The Company shall not make any offers or sales of any security (other than the Securities) under circumstances
that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the offering of
the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder approval
provision applicable to the Company or its securities.

 

e.  Breach
of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to any other remedies
available to the Buyer pursuant to this Agreement, it will be considered an event of default under the Note.

 

5.  Governing
Law; Miscellaneous.

 

a.  Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Nevada without regard to
principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated
by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county
of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted
hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The
Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s
fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail
or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement
and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

    8

     

    

 

b.  Counterparts;
Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which shall constitute one and the same agreement and shall become effective when counterparts have been signed by
each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to the other party hereto
by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement.

 

c.  Headings.
The headings of this Agreement are for convenience of reference only and shall not form part of, or affect the interpretation
of, this Agreement.

 

d.  Severability.
In the event that any provision of this Agreement is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under any law shall not affect
the validity or enforceability of any other provision hereof.

 

e.  Entire
Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding of the parties
with respect to the matters covered herein and therein and, except as specifically set forth herein or therein, neither the Company
nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement
may be waived or amended other than by an instrument in writing signed by the majority in interest of the Buyer.

 

f.  Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, (iv) via electronic
mail or (v) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such
party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given
hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the
transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business
hours where such notice is to be received) or delivery via electronic mail, or the first business day following such delivery
(if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second
business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual
receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

 

If
to the Company, to:

 

Nightfood
Holdings, Inc.

520
White Plains Road

Suite
500

Tarrytown,
NY 10591

Attn:
Sean Folkson, CEO

 

    9

     

    

 

If
to the Buyer:

 

EAGLE
EQUITIES, LLC

91
Shelton Ave, Suite 107

New
Haven, CT 06511

Attn:
Yakov Borenstein

 

Each
party shall provide notice to the other party of any change in address.

 

g.  Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and assigns.
Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior written
consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any “qualified person”,
any “permitted assigns”, or “prospective transferee” that acquires or purchases Note Securities in a private
transaction from the Buyer or to any of its “affiliates,” as that term is defined under the 1934 Act, without the
consent of the Company with Buyer’s Opinion of Counsel. A qualified person is an “accredited investor” transferee,
assignee, or purchaser of the Note who succeeds to the Holder’s right, title and interest to all or a portion of the Note
accompanied with an Opinion of Counsel as provided for in Section 2(f).

 

h.  Third
Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors
and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.  Survival.
The representations and warranties of the Company and the agreements and covenants set forth in this Agreement shall survive the
closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The Company agrees to
indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage arising as a
result of or related to any breach or alleged breach by the Company of any of its representations, warranties and covenants set
forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses as they
are incurred.

 

    	 	10	 

     

    

 

j.  Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

k.  No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

l.  Remedies.
The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Buyer by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that the remedy at law for
a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach or threatened breach
by the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other available remedies
at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing
or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity of showing
economic loss and without any bond or other security being required.

 

    11

     

    

 

IN WITNESS WHEREOF, the undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first
above written.

 

NIGHTFOOD
HOLDINGS, INC.

 

	By:	/s/
    Sean Folkson
 	 

Name:Sean
Folkson, CEO

 

EAGLE
EQUITIES, LLC

 

	By:	    	 

Name:
Yakov Borenstein

Title:
  Manager

 

	AGGREGATE SUBSCRIPTION AMOUNT:	 	$	432,750.00	 

 

Aggregate
Principal Amount of Notes:

 

Aggregate
Purchase Price:

 

Note
1: $222,750.00, less $4,000 in OID and $18,750.00 in legal fees, less $42,288.22 to Auctus Fund, LLC as a redemption premium for
a note dated March 20, 2017, less $115,149.86 to retire a note issued to EMA Financial, LLC

 

Note
2: $210,000.00, less $10,000.00 in legal fees

 

    12

     

    

 

EXHIBIT
A

144
NOTE - $222,750

 

    13

     

    

 

EXHIBIT
B

BACK
END NOTE - $210,000

 

 

 

 

14

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