Document:

Exhibit 10.35

 

AMENDMENT NO. 1 TO

AGREEMENT AND PLAN OF MERGER

 

THIS AMENDMENT NO.
1 to AGREEMENT AND PLAN OF MERGER is dated as of July 16, 2016 (this “Amendment”) and amends the Agreement and Plan
of Merger, dated as of March 1, 2016 (the “Agreement”) by and among GO FIGHT NET, INC., a New York corporation (“GFL”),
David Klarman, an individual and resident of the State of New York (the “Principal Stockholder”), ALLIANCE MMA, INC.,
a Delaware corporation (“Parent”), and GFL ACQUISITION CO., INC., a New York corporation and wholly-owned subsidiary
of Parent (“Acquisition Co.”). Capitalized terms not defined in this Amendment have the meanings set forth in the Agreement.

 

WHEREAS, GFL, Parent, Acquisition Co. and
the Principal Stockholder have agreed that it is in their best interests to amend the terms of the Agreement, including certain
of the exhibits thereto; and

 

WHEREAS, pursuant to Section 12.6 of the
Agreement, GFL, Parent, Acquisition Co. and the Principal Stockholder may amend the Agreement by an instrument in writing signed
by all of the parties hereto.

 

NOW, THEREFORE, in
consideration of the foregoing premises and the respective terms and conditions contained herein, the receipt and sufficiency of
which is hereby acknowledged, Parent and the Buyer hereby agree as follows:

 

1.             Amendment.

 

(i)          Section 11.1
(d) of the Agreement is hereby amended as follows:

 

(d)         by Buyer or
Seller if the Closing has not occurred on or prior to September 30, 2016, as such date may be extended by mutual agreement of Buyer
and Seller, upon written notice by Buyer to Seller or Seller to Buyer; provided that the Person providing notice of termination
is not then in material breach of any representation, warranty, covenant or agreement contained in this Agreement.

 

(ii)         Section 2 to
the Executive Employment attached as Exhibit C to the Agreement is deleted in its entirety and is hereby replaced by the following:

 

Position. Executive
agrees to serve as a non-executive Vice President of the Company and to perform such duties as are commensurate with such office,
including the oversight and management of the employees and day-to-day operations of GFL and its business. The Executive will devote
substantially all his business time and efforts to the Company and the Company’s business and will not engage in other business
activities without the Company’s prior consent, whether or not such business activity is pursued for profit, gain or other
pecuniary advantage. Nothing herein will prevent Executive from engaging in investment activities unrelated to the Company’s
business for his own account. The Executive shall have all the duties and powers of an officer of the Company and shall report
to the Company’s Chief Executive Officer.

 

    	 

     

    

 

(iii)        Section 4
to the Executive Employment Agreement attached as Exhibit C to the Agreement is hereby amended to add subsection (b) as follows:

 

(b)          Within thirty
(30) days following the IPO Executive shall be entitled to receive a restricted stock award of 50,000 shares of Common Stock under
the Company’s 2016 Equity Incentive Plan (the “Plan”). The shares of Common Stock underling the award will vest
over a three (3) year period in equal amounts in accordance with and subject to the provisions of the Plan.

 

(iv)        Section 9 to
the Executive Employment Agreement attached as Exhibit C to the Agreement is deleted in its entirety and is hereby replaced by
the following:

 

Non-Competition
and Confidentiality Covenants. Executive and Company are party to that certain Non-Competition and Non-Solicitation
Agreement, dated of even date herewith (the “Non-Competition Agreement”), which is incorporated herein by reference.
The Non-Competition Agreement contains, among other things, covenants of Executive respecting non-competition, non-solicitation
and non-disclosure. Any breach of the Non-competition Agreement that is not cured as permitted therein shall be deemed a breach
of this Section 9. The Non-Competition Agreement shall survive the termination of this Agreement pursuant to its terms.

 

(v)         Section 2(c)
to the Non-Competition and Non-Solicitation Agreement attached as Exhibit D to the Agreement is hereby deleted in its entirety.

 

(vi)        Section 2.1(a)
to the Intellectual Property License Agreement attached as Exhibit E to the Agreement is deleted in its entirety and is hereby
replaced by the following:

 

(a)         The GFL web
broadcasting platform and all the video content and other data on the GFL website and in its library system is considered the “Intellectual
Property”. The Intellectual Property is in some cases owned by Licensor and in other cases Licensor has the right to air
and maintain the content on the GFL website. All the Intellectual Property described above are the “Intellectual Property
Rights” being licensed to Licensee subject to this Agreement.

 

2.             No Other Amendment. All other
terms and conditions of the Agreement that are not expressly amended by this Amendment, including without limitation the representations,
warranties, covenants and agreements of the respective parties, shall remain in full force and effect without other or further
amendment or modification.

 

3.             Counterparts. This Amendment
may be executed in multiple counterparts, and any party hereto may execute any such counterpart, each of which when executed and
delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but one and the same
instrument.

 

[Signature Page to Amendment No. 1 to
Asset Purchase Agreement Follows]

 

    	 

     

    

 

[Signature Page to Amendment No. 1 to
Asset Purchase Agreement]

 

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

 

GFL:

 

GO FIGHT NET, INC.

 

By:  /s/ David Klarman                          

Name: David Klarman

Title: CEO

 

PRINCIPAL STOCKHOLDER and EXECUTIVE:

 

  /s/ David Klarman                                

David Klarman

 

PARENT:

 

ALLIANCE MMA, INC.

 

 

By:   /s/ Paul K. Danner, III                         

       Name: Paul K. Danner, III

       Title: CEO

 

ACQUISITION CO.:

 

GFL ACQUISITION CO., INC.

 

 

By:  /s/ Paul K. Danner, III                          

      Name: Paul K. Danner, III

      Title: President

 

Solely with respect to the Intellectual
Property License Agreement attached as Exhibit E to the Agreement.

 

LICENSOR:

 

VOLTERRA PARTNERS LTD.

 

By:  /s/ David Klarman                               

Name: David Klarman

Title: CEOExhibit 10.36

 

ALLIANCE MMA, INC.

 

SUBSCRIPTION AGREEMENT 

  

This Subscription Agreement
(this “Subscription Agreement”) is dated ___ ___, 2016, by and between the undersigned identified on the Signature
Page hereto (the “Investor”) and Alliance MMA, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, the Company has authorized
the sale and issuance of a minimum of 1,111,111 (the “Minimum Amount”) and up to a maximum of 3,333,333 shares
(the “Shares”) of its common stock, par value $0.001 per share (the “Common Stock”), on a
“best efforts” basis at an initial public offering price of $4.50 per Share (the “Purchase Price”);
 

 

WHEREAS, the offering and sale of
the Shares (the “Offering”) are being made pursuant to an effective Registration Statement on Form S-1 (File
No. 333-____________) (the “Registration Statement”) filed under the Securities Act of 1933, as amended (the
“Securities Act”), by the Company with the U.S. Securities and Exchange Commission (the “Commission”);

 

WHEREAS, the Company has entered
into a Selling Agent Agreement, dated July ______, 2016, with Network 1 Financial Securities, Inc., a FINRA-registered broker/dealer,
to act as the selling agent of the Shares in the Offering (the “Selling Agent”);

 

WHEREAS, the Company, Selling Agent
and Signature Bank have entered into an Escrow Agreement, dated _______, 2016 (the “Escrow Agreement”), pursuant
to which Signature Bank has agreed to serve as the escrow agent in connection with the Offering (the “Escrow Agent”);

 

WHEREAS, the Investor desires to
purchase a certain amount of Shares from the Company.

 

NOW, THEREFORE,
in consideration of the foregoing and of the covenants contained herein, the sufficiency of which is hereby mutually accepted,
the parties hereby agree as follows:

 

		1.	Subscription. Investor agrees to buy and the Company agrees to sell and issue to Investor such number of Shares
of Common Stock as set forth on the signature page hereto (the “Signature Page”), for an aggregate purchase
price equal to the product of (x) the aggregate number of Shares of Common Stock the Investor has agreed to purchase and (y) the
Purchase Price per Share.

 

		2.	Procedure.

 

		a.	Prior to the Closing Date (as defined below), the Investor will:

 

		i.	Complete and execute this Subscription Agreement and
deliver it to the Selling Agent at the address set forth below for forwarding to the Company:

 

Network 1 Financial Securities, Inc.

The Galleria, Building 2 

2 Bridge Avenue 

Red Bank, NJ 07701 

Attn: Keith Testaverde, Senior VP 

T: (732) 758-9001 

F.: (732) 758-6671

 

    	 	1	 

     

    

 

		ii.	Deliver funds in an amount equal to the Purchase Price multiplied by the number of Shares to which such Investor has subscribed
to the Escrow Agent via checks made payable to the order of “Signature Bank, as Escrow Agent for Alliance MMA, Inc.,”
or wire transfer to:

 

Signature Bank

950 Third Avenue 

New York, NY 10022

ABA No.: 026013576 

Account No.: 1502649902

 

		3.	Closing Date; Termination Date. If the Escrow Agent shall have received at least an aggregate amount
of $5,000,000 (the “Requisite Funds”) on or before 5:00 p.m., New York City time, on October 31, 2016 (the “Termination
Date”), the Escrow Agent will release the balance of the Escrow Account for collection by the Company and the
Selling Agent as provided in the Escrow Agreement and the Company shall deliver the Common Stock being purchased on the Closing
Date to the Investors, through the facilities of DTC, and such Common Stock shall be registered in such name or names and shall
be in such denominations, as the Selling Agent may request by written notice to the Company (the “Closing”).
The cost of original issue tax stamps and other transfer taxes, if any, in connection with the issuance and delivery of the Common
Stock by the Company to the respective Investors shall be borne by the Company. The date on which the Escrow Agent releases the
balance of the Escrow Account for collection by the Company and the Selling Agent against delivery of the Common Stock to the Investors
as described above, is hereinafter referred to as the “Closing Date.”

 

		4.	Return of Funds. If the Requisite Funds have not been received by the Escrow Agent on or before the Termination
Date, the Offering will be deemed terminated, the Escrow Agent will promptly return the funds to the Investors without interest
or deduction and the Selling Agent shall not be entitled to any compensation hereunder.

 

		5.	Investor Representations.

 

		a.	The Investor represents that it has received (or otherwise had made available to it by the filing by the Company of an electronic
version thereof with the Commission) the Prospectus prior to or in connection with the receipt of this Agreement.

 

		b.	The Investor represents that, except as set forth below, (i) it has had no position, office or other material relationship
within the past three years with the Company or persons known to it to be affiliates of the Company, (ii) it is not a member of
the Financial Industry Regulatory Authority, Inc. (“FINRA”) or an Associated Person (as such term is defined
under the FINRA’s NASD Membership and Registration Rules Section 1011) as of the Closing, and (iii) neither the Investor
nor any group of Investors (as such term is used in Rule 13d-5 under the Exchange Act (as defined below)) of which the Investor
is a part in connection with the Offering, acquired, or obtained the right to acquire, 10% or more of the Common Stock (or securities
convertible into or exercisable for Common Stock) or the voting power of the Company on a post-transaction basis.

 

Exceptions: _________________________________________________

(If no exceptions, write “none.”
If left blank, response will be deemed to be “none.”)

 

		6.	Acceptance. No offer by the Investor to buy Shares will be accepted and no part of the Purchase Price will be
delivered to the Company until the Company has accepted such offer by countersigning a copy of this Agreement and delivering a
fully-executed version of this Agreement, and any such offer may be withdrawn or revoked, without obligation or commitment of any
kind, at any time prior to such execution and delivery by the Company.

 

		7.	Company Confirmation. The Investor acknowledges and agrees that such Investor’s receipt of the Company’s
signed counterpart to this Agreement, together with the Prospectus (or the filing by the Company of an electronic version thereof
with the Commission), shall constitute written confirmation of the Company’s sale of the Shares to such Investor. 

 

		8.	Not a Firm Commitment Offering. The Investor acknowledges that the Offering is being conducted on a “best
efforts” basis and is not being underwritten on a “firm commitment” basis by the Selling Agent.

 

    	 	2	 

     

    

 

		9.	Termination. In the event that the Selling Agent Agreement is terminated by the Selling Agent pursuant to the
terms thereof, this Agreement shall terminate without any further action on the part of the parties hereto. 

 

		10.	Notices. All communications hereunder, except as herein otherwise specifically provided, shall be in writing
and shall be mailed (registered or certified mail, return receipt requested), personally delivered or sent by facsimile transmission
and confirmed, or by electronic transmission via PDF, and shall be deemed given when so delivered or faxed and confirmed or transmitted
or if mailed, two days after such mailing.

 

If to the Company:

 

Alliance MMA, Inc.

590 Madison Avenue, 21st Floor 

New York, New York 10022 

Attn: Paul K. Danner, III, CEO 

T: (212) 739-7825

  

With a copy to (which shall not
constitute notice):

 

Robert L. Mazzeo, Esq.

Mazzeo Song P.C.

444 Madison Avenue, 4th Floor

New York, NY 10022

T: (212) 599-0700

 

If to the Selling Agent:

 

Network 1 Financial Securities,
Inc. 

The Galleria, Building 2 

2 Bridge Avenue

Red Bank, NJ 07701

Attn: Keith Testaverde, Senior VP 

T: (732) 758-9001

F: (732) 758-6671

 

With a copy to (which shall
not constitute notice): 

 

Magri Law, LLC 

2642 NE 9th Ave. 

Fort Lauderdale, FL 333334 

Attn: Philip Magri, Esq. 

T: (646) 502-5900

 

		11.	Changes. This Agreement may not be modified or amended except pursuant to an instrument in writing signed by
the Company and the Investor. 

 

		12.	Headings. The headings of the various sections of this Agreement have been inserted for convenience of reference
only and will not be deemed to be part of this Agreement. 

 

		13.	Severability. In case any provision contained in this Agreement should be invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein will not in any way be affected
or impaired thereby.

 

		14.	Governing Law. This Agreement will be governed by, and construed in accordance with, the internal laws of the
State of New York, without giving effect to the principles of conflicts of law that would require the application of the laws of
any other jurisdiction.

 

    	 	3	 

     

    

 

		15.	Counterparts. This Agreement may be executed in two or more counterparts, each of which will constitute an original,
but all of which, when taken together, will constitute but one instrument, and will become effective when one or more counterparts
have been signed by each party hereto and delivered to the other parties.

  

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the Investor has executed this Subscription
Agreement as of the date written below.

 

	Issuer:	 	ALLIANCE MMA, INC.
	Purchase Price per Share:	 	$4.50
	Number of Shares being Purchased by Investor:	 	__________________
	Total Purchase Price (Number of Shares multiplied by Purchase Price:	 	$__________________

 

	INVESTOR: 	 	CO-INVESTOR:
	 	 	 
	 	 	 
	Name of Investor	 	Name of Co-Investor, if applicable
	 	 	 
	 	 	 
	Signature of Investor	 	Signature of Co-Investor, if applicable 
	 	 	 
	 	 	 
	Social Security Number (SSN) or Fed Tax ID (EIN)	 	Social Security Number (SSN) or Fed Tax ID (EIN)
	 	 	 
	 	 	 
	Date: __________________	 	Date: __________________

 

 

The Shares subscribed for hereby are
being purchased as follows:

 

(Check One)

____ individually

____ joint tenants

____ joint tenants with right of survivorship

____ tenants in common

____ partnership

____ limited liability company

____ as custodian, trustee or agent for
_____________________ corporation

 

    	 	5	 

     

    

 

	Investor’s
    Name and Business Address

(please print or type)	 	Co-Investor’s
    Name and Business Address

(please print or type):
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

	Investor’s Residence Address

(please print or type):	 	Co-Investor’s Residence Address

(please print or type):
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

	Name of DTC Participant (broker-dealer at which the account or accounts to be credited with the Shares are maintained):	 	 
	 	 	 
	DTC Participant Number:	 	 
	 	 	 
	Name of Account at DTC Participant being credited with the Shares:	 	 
	 	 	 
	Account Number at DTC Participant being credited with the Shares:	 	 

 

 

 

The foregoing Subscription is hereby
accepted.

 

	 	ALLIANCE MMA, INC. 
	 	 
	 	 
	 	By: 	     
	 	 	Paul K. Danner, III
Chief Executive Officer
	 	 	 
	 	Date:	 

 

    	 	6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]