Document:

Exhibit 10.1

 

SHARE PURCHASE AGREEMENT

 

This Share Purchase
Agreement (“Agreement”), dated July 17, 2019, among ___________ (the “Purchaser”), Black Ridge Oil &
Gas, Inc. (the “Sponsor”) and Black Ridge Acquisition Corp. (the “Company”).

 

RECITALS:

 

A.        The
Company intends to hold a special meeting of its stockholders (“Meeting”) to consider and act upon, among other things,
a proposal to adopt and approve an Agreement and Plan of Merger, dated as of December 19, 2018 (the Merger Agreement”), by
and among the Company, Black Ridge Merger Sub Corp., Allied Esports Media, Inc. (f/k/a Allied Esports Entertainment, Inc.), Noble
Link Global Limited, Ourgame International Holdings Ltd. and Primo Vital Ltd.

 

B.        The
Purchaser is willing to purchase shares of common stock (the “Public Shares”) of the Company sold in the Company’s
initial public offering (“IPO”), based on the terms and conditions contained in this Agreement.

 

NOW THEREFORE IT IS
AGREED:

 

1.        Purchase
of Shares. The Purchaser hereby agrees it will use commercially reasonable best efforts to purchase at least $________
of Public Shares in the open market or in privately negotiated transactions commencing two days after the filing of the Signing
Form 8-K (defined below) and ending on the close of business on July 26, 2019, unless such date is otherwise extended
by mutual agreement of both parties.  The purchase price for the Public Shares shall not exceed the per
share amount held in the Company’s trust account (which is approximately $10.30 per share) (the “Maximum Price”).
 Purchaser agrees that it will not seek conversion of any of the shares purchased hereunder at the Meeting.
 If Purchaser is unable to purchase the full $________ of Public Shares for any reason, the Company shall sell to Purchaser at
the Closing (defined below) a number of newly issued shares of common stock (“New Shares”),
valued at the Maximum Price, equal to the difference between $_______ and the dollar amount of Public Shares purchased hereunder
by Purchaser.  The purchase price for any New Shares shall be delivered by the Purchaser one day prior to the Closing to an
account designated by the Company to hold in escrow until the Closing.  If the Closing does not occur, the Company shall promptly
return any such purchase price without interest or deduction.  All shares purchased hereunder pursuant to this Section
1, whether Public Shares or New Shares, shall hereafter be referred to as the “Purchased Shares.”

 

2.        Share
Issuance and Transfer. In consideration of the agreements set forth in Section 1 hereof, upon consummation of the transactions
contemplated by the Merger Agreement (the “Closing”):

 

(a)       the
Company will issue to the Purchaser one and one-half (1.5) additional shares of common stock, par value $0.0001 per share (“Common
Stock”), of the Company for every ten (10) Purchased Shares that are purchased by the Purchaser.

 

(b)      the
Sponsor will transfer to the Purchaser _____ shares of Common Stock beneficially owned by it, which transferred shares will be
released from the escrow restrictions contained thereon.

 

(c)      The
shares of Common Stock issued/transferred to the Purchaser pursuant to this Section 2 shall hereafter be referred to as the “Additional
Securities.”

 

3.        Registration
Rights. The Company agrees to file a registration statement covering the resale by the Purchaser of the New Shares, if any,
and Additional Securities as promptly as practicable following the Closing and use its best efforts to have such registration statement
declared effective by the Securities and Exchange Commission as soon as possible.

 

4.        Representations
of Purchaser. Purchaser hereby represents and warrants to the Company that:

 

(a)       Purchaser,
in making the decision to purchase the Purchased Shares and receive the Additional Securities, has not relied upon any oral or
written representations or assurances from the Company or any of its officers, directors, partners or employees or any other representatives
or agents.

 

 

 

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(b)      This
Agreement has been validly authorized, executed and delivered by the Purchaser and, assuming the due authorization, execution and
delivery thereof by the other party hereto, is a valid and binding agreement enforceable in accordance with its terms, subject
to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally.
The execution, delivery and performance of this Agreement by the Purchaser does not and will not conflict with, violate or cause
a breach of, constitute a default under, or result in a violation of (i) any agreement, contract or instrument to which the Purchaser
is a party which would prevent the Purchaser from performing its obligations hereunder or (ii) any law, statute, rule or regulation
to which the Purchaser is subject.

 

(c)       Purchaser
is an “accredited investor” as defined by Rule 501 under the Securities Act of 1933, as amended (the “Securities
Act”).

 

(d)      Purchaser
acknowledges that it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement with
the Purchaser’s own legal counsel and investment and tax advisors. Purchaser is familiar with the business, management, financial
condition and affairs of the Company.

 

(e)       Purchaser
has reviewed the documents of the Company filed with the Securities and Exchange Commission (“Company Filings”),
including the proxy statement relating to the Meeting, and Purchaser understands the content of the Company Filings and the risks
described about an investment in the Company.

 

(f)       Purchaser
has been advised that the New Shares, if any, and the Additional Securities have not been registered under the Securities Act of
1933, as amended.

 

5.        Company
Representations. The Company hereby represents and warrants to the Purchaser that:

 

(a)       The Company
is duly organized and is validly existing in good standing under the laws of the jurisdiction of its organization as the type of
entity that it purports to be.

 

(b)      This
Agreement has been validly authorized, executed and delivered by it and, assuming the due authorization, execution and delivery
thereof by the other party hereto, is a valid and binding agreement enforceable in accordance with its terms, subject to the general
principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution,
delivery and performance of this Agreement by the Company does not and will not conflict with, violate or cause a breach of, constitute
a default under, or result in a violation of (i) any agreement, contract or instrument to which the Company is a party which would
prevent the Company from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Company
is subject.

 

(c)       The
Company has the requisite corporate power and authority to enter into and to perform its obligations under this Agreement; and
the execution, delivery and performance by the Company of this Agreement has been duly authorized by all necessary action on the
part of the Company.

 

(d)       None
of the Company Filings, as of their respective dates (or, if amended or superseded by a filing prior to the date of this Agreement,
then on the date of such filing), contained any untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading.

 

6.        Sponsor
Representations. The Sponsor hereby represents and warrants to the Purchaser that:

 

(a)       This
Agreement has been validly authorized, executed and delivered by it and, assuming the due authorization, execution and delivery
thereof by the other party hereto, is a valid and binding agreement enforceable in accordance with its terms, subject to the general
principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights generally. The execution,
delivery and performance of this Agreement by the Insider does not and will not conflict with, violate or cause a breach of, constitute
a default under, or result in a violation of (i) any agreement, contract or instrument to which the Insider is a party which would
prevent the Insider from performing its obligations hereunder or (ii) any law, statute, rule or regulation to which the Insider
is subject.

 

 

 

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(b)      The
Sponsor is the beneficial owner of the shares being transferred by it hereunder and will transfer them to the Holder promptly after
the Closing free and clear of any liens, claims, security interests, options charges or any other encumbrance whatsoever, except
for restrictions imposed by federal and state securities laws.

 

7.       Disclosure;
Exchange Act Filings. Promptly after execution of this Agreement, the Company will file a Current Report on Form 8-K (“Signing
Form 8-K”) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) reporting it. The parties
to this Agreement shall cooperate with one another to assure that all such disclosures are accurate and consistent.

 

8.        Entire
Agreement; Amendment. This Agreement constitutes the entire agreement among the parties with respect to the subject matter
hereof and may be amended or modified only by written instrument signed by all parties. The headings in this Agreement are for
convenience of reference only and shall not alter or otherwise affect the meaning hereof.

 

9.        Governing
Law. This Agreement shall be governed by and construed in accordance with the law of the State of New York, including the conflicts
of law provisions and interpretations thereof. 

 

10.        Counterparts.
This Agreement may be executed in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.
Delivery of an executed signature page by facsimile or other electronic transmission shall be effective as delivery of a manually
signed counterpart of this Agreement.

 

11.        Termination.
Notwithstanding any provision in this Agreement to the contrary, this Agreement shall become null and void and of no force and
effect (i) upon the termination of the Merger Agreement prior to the Closing or (ii) if the Purchaser fails to purchase the $_____
of Purchased Shares by the Closing. Notwithstanding any provision in this Agreement to the contrary, the Company’s and Sponsor’s
obligation to issue/transfer the Additional Securities to the Purchaser shall be conditioned on the Closing occurring and the Purchaser
purchasing the $_____ of Purchased Shares.

 

12.        Remedies.
Each of the parties hereto acknowledges and agrees that, in the event of any breach of any covenant or agreement contained in this
Agreement by the other party, money damages may be inadequate with respect to any such breach and the non-breaching party may have
no adequate remedy at law. It is accordingly agreed that each of the parties hereto shall be entitled, in addition to any other
remedy to which they may be entitled at law or in equity, to seek injunctive relief and/or to compel specific performance to prevent
breaches by the other party hereto of any covenant or agreement of such other party contained in this Agreement.

 

13.        Binding
Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
legal representatives, successors and permitted assigns. This Agreement shall not be assigned by either party without the prior
written consent of the other party hereto.

 

 

 

[Signature Page Follows]

 

 

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

 

 

	 	 	PURCHASER:
	 	 	 
	 	 	 	 
	 	 	By: 	 
	 	 	Name: 	 
	 	 	Title:	 

 

 

	 	 	SPONSOR:
	 	 	 
	 	 	 	 
	 	 	By: 	 
	 	 	Name: 	 
	 	 	Title:	 
	 	 	 	 	 	 

 

 

 

 

	 	 	COMPANY:
	 	 	 
	 	 	 	 
	 	 	By: 	 
	 	 	Name: 	 
	 	 	Title:	 
	 	 	 	 	 	 

 

 

 

 

 

    	 	4Exhibit
10.1

 

SECOND AMENDMENT
TO PURCHASE AND SALE AGREEMENT

 

THIS SECOND AMENDMENT
TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is made as of the 15th day of July, 2019 (the “Effective
Date”), by and among BR CARROLL KELLER CROSSING, LLC, a Delaware limited liability company (“Sovereign
Seller”), BR-TBR LAKE BOONE NC OWNER, LLC, a Delaware limited liability company (“BR-TBR TIC”),
TriBridge Co-Invest 29 Lake Boone Owner, LLC, a Georgia limited liability
company (“Co-Invest TIC”), LB One Leigh House Owner, LLC,
a Delaware limited liability company (“LB One TIC”), Coyote Leigh
House Capital Owner, LLC, a Delaware limited liability company (“Coyote TIC”), TBR LHP TIC, LLC,
a Georgia limited liability company (“TBR TIC”; BR-TBR TIC, Co-Invest TIC, LB One TIC, Coyote TIC, and TBR TIC
collectively, “Leigh House Seller”), and BR PRESTON VIEW, LLC, a Delaware limited liability company (“Preston
View Seller”; Sovereign Seller, Leigh House Seller, or Preston View Seller, as applicable, are sometimes each referred
to individually herein as a “Seller” and collectively as the “Sellers”), and KRE TOPAZ
PORTFOLIO INVESTOR LLC, a Delaware limited liability company (“Purchaser”)

 

RECITALS

 

A.           Sellers
and Purchaser are parties to that certain Purchase and Sale Agreement dated as of June 17, 2019, as amended by that certain First
Amendment to Purchase and Sale Agreement dated as of June 17, 2019, as modified by that certain Joinder Agreement to Purchase and
Sale Agreement dated as of July 8, 2019 (collectively, the “Agreement”) for the purchase and sale of the following
properties: (i) the property located in Fort Worth, Tarrant County, Texas, commonly known as The Sovereign Apartments, (ii) the
property located in Raleigh, Wake County, North Carolina, commonly known as Leigh House Apartments , and (iii) the property located
in Morrisville, Wake County, North Carolina, commonly known as Preston View Apartments, each as further described in the Agreement.

 

B.           Preston
View Seller and Purchaser desire to further amend the terms of the Agreement with respect to the Preston View Property, pursuant
to the terms and conditions of this Amendment.

 

NOW THEREFORE, in
consideration of the mutual promises set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

 

AGREEMENT

 

1.          Incorporation
of Recitals; Definitions.  The foregoing recitals are incorporated herein.  Capitalized terms not otherwise
defined herein shall have the meaning given such terms in the Agreement.  

 

2.          Preston
View Property Code Violations.  Section 3.3(g) of the Agreement is hereby amended by deleting the last sentence of
such section in its entirety and replacing it with the following language:

 

     

     

    

 

“The parties
hereby acknowledge that the Preston View Property Code Violations will not be fully cured by the Closing.  Accordingly,
Preston View Seller and Purchaser shall, at Closing, enter into an escrow agreement, in the form attached hereto as Exhibit
 “A” (the “Holdback Escrow Agreement”), to provide a full settlement with respect to all of Seller’s
obligations in connection with the Preston View Property Code Violations.  Purchaser and Preston View Seller’s
respective executed counterparts to the Holdback Escrow Agreement shall be deemed a “Purchaser Closing Delivery” and
a “Seller Closing Delivery” as contemplated in Sections 6.1 and 6.2 of the Agreement, respectively.”

 

3.          Ratification
and No Further Amendment.  As modified by this Amendment, the Agreement is fully ratified, adopted and approved by
the parties hereto effective as of the date hereof.  Except as expressly set forth herein, the Agreement remains unmodified
and in full force and effect.

 

4.          Miscellaneous.  This
Amendment may be executed in multiple counterparts each of which shall be deemed an original but together shall constitute one
and the same instrument.

 

5.          Signatures.  Signatures
to this Amendment transmitted by telecopy or electronic transmission (for example, through use of a Portable Document Format or
 “PDF” file) shall be valid and effective to bind the party so signing.

 

[signature page next page]

 

     

     

    

 

IN
WITNESS WHEREOF, Seller and Purchaser have caused this Amendment to be duly executed and delivered, effective as of the Effective
Date.

 

	 	SELLER:
	 	 
	 	BR CARROLL KELLER CROSSING, LLC,
	 	a Delaware limited liability company
	 	 
	 	By:	/s/ Jordan B. Ruddy
	 	 	Name: Jordan B. Ruddy
	 	 	Title: Authorized Signatory

 

	 	BR-TBR LAKE BOONE NC OWNER, LLC, 
	 	a Delaware limited liability company
	 	 
	 	By: 	BR-TBR Lake Boone Capital Member, LLC, a Delaware limited
liability company, its Sole Member

 

	 	By: 	BRG Denim Scottsdale TIC-1 Manager, LLC, a Delaware
limited liability company, its Manager

 

	 	 	 	By:	/s/ Jordan B. Ruddy
	 	 	 	 	Name: Jordan B. Ruddy
	 	 	 	 	Title: Authorized Signatory

 

	 	TRIBRIDGE CO-INVEST 29 LAKE BOONE OWNER, LLC, a Georgia limited liability company
	 	 
	 	By: 	BR SOIF II Manager, LLC, a Delaware limited liability
company, its Manager

 

	 	 	By:	/s/ Jordan B. Ruddy
	 	 	 	Name: Jordan B. Ruddy
	 	 	 	Title: Authorized Signatory

 

     

     

    

 

	 	TBR LHP TIC, LLC, 
	 	a Georgia limited liability company
	 	 
	 	By:	 BR SOIF II Manager, LLC, a Delaware limited liability company, its Manager

 

	 	By:	/s/ Jordan B. Ruddy
	 	 	Name: Jordan B. Ruddy
	 	 	Title: Authorized Signatory

 

	 	LB One Leigh House Owner, LLC,
	 	a Delaware limited liability company
	 	 
	 	By:	BR SOIF II Manager, LLC, a Delaware limited liability company, its Manager

 

	 	By:	 /s/ Jordan B. Ruddy
	 	 	Name: Jordan B. Ruddy
	 	 	Title: Authorized Signatory

 

	 	Coyote Leigh House Capital Owner, LLC, a Delaware limited liability company
	 	 
	 	By:	BR SOIF II Manager, LLC, a Delaware limited liability company, its Manager

 

	 	By:	/s/ Jordan B. Ruddy
	 	 	Name: Jordan B. Ruddy
	 	 	Title: Authorized Signatory

 

     

     

    

 

	 	BR PRESTON VIEW, LLC, a Delaware limited liability company
	 	 
	 	By:	BR/CDP UCFP Venture, LLC, a Delaware limited liability company, its Sole Member

 

	 	By:	BRG Denim Scottsdale TIC-2 Manager, LLC, a Delaware limited liability company, its Manager

 

	 	By:	/s/ Jordan B. Ruddy
	 	 	Name: Jordan B. Ruddy
	 	 	Title: Authorized Signatory

 

     

     

    

 

	 	PURCHASER:
	 	 
	 	KRE TOPAZ PORTFOLIO INVESTOR LLC, 
	 	a Delaware limited liability company
	 	 
	 	By:	/s/ Michael Friedland
	 	Name:	 Michael Friedland
	 	Title:	Vice President

 

     

     

    

 

Exhibit “A”

Form of Escrow Holdback
Agreement

 

Please see attached.

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