Document:

Exhibit 10.10.1

 

SECOND AMENDMENT TO MANAGEMENT SERVICES
AGREEMENT

 

Second Amendment (the
“Amendment”), dated March 8, 2017 and effective as of January 1, 2017, to Management Services Agreement, effective
January 1, 2013, as amended effective as of January 1, 2015 and dated May 5, 2015 (as so amended, the “Management Agreement”),
between Scores Holding Company, Inc., a Utah corporation (“Scores”), and Metropolitan Lumber, Hardware and Building
Supplies, Inc., a New York corporation (“MLH”). Capitalized terms not defined in this Amendment shall have the meanings
ascribed to such terms in the Management Agreement.

 

WITNESSETH:

 

WHEREAS, pursuant
to the Management Agreement, MLH provides management, compliance and other services to the Business;

 

WHEREAS, Scores
and MLH desire to amend the Management Agreement to remove the requirement that MLH provide the Services of Robert M. Gans pursuant
to the Management Agreement.

 

NOW, THEREFORE,
in consideration of the covenants and conditions set forth herein, and other good and valuable consideration, the parties hereto
agree as follows:

 

1.       Amendment
of Management Agreement. Schedule A to the Management Agreement is hereby amended to delete the reference to Robert M. Gans
under the heading, “Provision of Executive Officers.” Schedule A, as so amended, is annexed hereto and made a part
hereof.

 

2.       Management
Agreement Remains in Effect. Except as expressly set forth herein, all of the terms and provisions of the Management Agreement
shall remain in full force and effect and the parties hereto make no other amendment, alteration or modification of the Management
Agreement nor do they, nor does any of them, by executing this Amendment, waive any provision of the Management Agreement or any
right that they or any of them may have thereunder.

 

3.       Miscellaneous.
The parties hereby agree that the provisions of Paragraph 8 of the Management Agreement shall apply to this Amendment with full
force and effect as if fully set forth herein.

 

[signature page follows]

 

    	 	1	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this Amendment to be executed and delivered as of the date first above written.

 

	 	SCORES HOLDING COMPANY, INC.
	 	 
	 	 
	 	By:	/s/ Robert M. Gans
	 	Name:	Robert M. Gans
	 	Title:	President and Chief Executive Officer
	 	 	 

 

	 	METROPOLITAN HARDWARE, LUMBER AND BUILDING SUPPLIES, INC.
	 	 
	 	 
	 	By:	/s/ Spencer Simon
	 	Name:	Spencer Simon
	 	Title:	Vice President
	 	 	 

 

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SCHEDULE A

TO MANAGEMENT SERVICES AGREEMENT

SCORES HOLDING COMPANY, INC.

AND

METROPOLITAN LUMBER, HARDWARE AND BUILDING
SUPPLIES, INC.

 

Provision of Executive Officers

 

Provision of Howard Rosenbluth to serve
as Treasurer, Chief Financial Officer, Secretary and a director of Scores

 

Management Services

 

Strategic planning

 

Contracting (including but not limited
to negotiating license agreements with prospective licensees) and contract compliance

 

Identification and development of new commercial
avenues for exploitation of the Scores brand

 

Marketing

 

Financial reporting and accounting services

 

Retention and interface with independent
auditors and counsel

 

Investor relations

 

Compliance with the requirements of federal
and state securities laws, including but not limited to the periodic reporting provisions thereof

 

Compliance with the requirements of any
securities exchange or reporting service on which Scores’ common shares are traded

 

Arrangement/management of domestic bank
facilities

 

Assistance in identifying/retaining key
personnel and other service providers

 

Cash flow management

 

Service with respect to potential acquisitions

 

 

 

 

    	 	3Exhibit 10.13

 

SETTLEMENT AGREEMENT

 

This Settlement Agreement
(“Agreement”), effective as of February 28, 2017 (the “Effective Date”), is entered into
by and among Scores Holding Company, Inc. (“Scores”), I.M. Operating LLC (“IMO” or the “Licensee”)
and Robert M. Gans (“Gans”). Scores, IMO and Gans shall be referred to collectively herein as the “Parties”
or each individually as a “Party”.

 

WHEREAS, Gans is
the President, Chief Executive Officer, member of the Board of Directors and majority shareholder of Scores;

 

WHEREAS, Gans is
also a majority owner of the equity of IMO (72%);

 

WHEREAS, Scores
entered into a licensing agreement (the “Licensing Agreement”) with the Licensee for, among other things, use
of the Scores brand name by the Licensee. Pursuant to the Licensing Agreement, the Licensee is required, among other things, to
pay royalties to Scores;

 

WHEREAS, as of the
Effective Date, IMO owes Scores an aggregate of $255,406.00 in unpaid royalties and other fees (the “Unpaid Royalties”);

 

WHEREAS, in addition
to its past-due Unpaid Royalties, IMO continues to owe monthly royalty payments to Scores under its Licensing Agreement;

 

WHEREAS, the Parties
now desire to settle all claims Scores may have against the Licensee in connection with the Unpaid Royalties; and

 

WHEREAS, Gans, as
the majority owner of the Licensee, will benefit from such a settlement.

 

NOW, THEREFORE,
in consideration of the mutual promises and covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 

1.           Settlement.

 

In full and final settlement
of any and all causes of action or claims that could have been asserted by Scores against the Licensee in connection with the Unpaid
Royalties, IMO shall pay to Scores one hundred percent (100%) of its Unpaid Royalties, equal to Two Hundred and Fifty-Five Thousand
Four Hundred and Six Dollars ($255,406) (the “Settlement Amount”).

 

The Settlement Amount shall
be payable pursuant to a promissory note (the “Note”), which shall bear simple interest at the rate of four
percent (4%) per annum, in twenty-two (22), consecutive monthly installments, commencing on March 1, 2017. A payment schedules
for the Note is attached hereto as Exhibit A, and a form of the Note is attached hereto as Exhibit B.

 

     

     

    

 

2.           Guarantee.

 

In further consideration
of this Agreement and the Note, simultaneously herewith, Gans is entering into a Guaranty (the “Guaranty,” and
collectively with the Note and this Agreement, the “Settlement Documents”), pursuant to which Gans is guaranteeing
the payment of the Licensee’s obligations under the Settlement Documents.

 

3.           Failure
to Remain Current.

 

The Note shall provide
that failure to remain current in the Licensee’s obligations under its License Agreement shall constitute an Event of Default.

 

4.           Prepayment.

 

Licensee may prepay its
Settlement Amount, in whole or in part, without penalty. In the case of partial prepayment, prepayment shall first be applied to
accrued unpaid interest, and then to principal.

 

5.           Release
by Scores.

 

In consideration of the
terms and conditions of this Agreement, and except with respect to the obligations of the Licensee under this Agreement and the
other Settlement Documents, Scores and its respective affiliates, successors, assigns, beneficiaries, heirs, executors, administrators,
agents, employees, officers, directors, partners, members, representatives, attorneys, and all persons, companies and/or affiliates
acting by, through and under or in concert with Scores, whether former or current (collectively, the “Related Parties”),
hereby irrevocably and unconditionally releases, remises, and forever discharges, the Licensee and its Related Parties, of and
from any and all actions, causes of action, suits, debts, charges, complaints, claims, liabilities, obligations, promises, agreements,
controversies, damages, expenses, and demands whatsoever, in law or equity, which Scores and its Related Parties ever had, now
has or hereafter can, shall or may have had, against the Licensee and its Related Parties, whether known or unknown, by reason
of any matter, cause, or thing whatsoever from the beginning of the world to the Effective Date arising out of or related to the
Unpaid Royalties, which are the subject of this Agreement.

 

6.           Representations
and Warranties.

 

Each Party represents and
warrants that it has read this Agreement and understands its contents and that they enter into this Agreement knowingly and voluntarily
and without duress. Each Party further represents and warrants that it has been fully and adequately represented by counsel of
its choosing with respect to the preparation, negotiation, execution, and delivery of this Agreement, that it has the power and
authority to execute this Agreement, that it has not assigned any of its claims, that it has not relied on any statement or representation
by any other person, and that by entering into this Agreement, it has waived the opportunity to proceed to a trial.

 

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7.           Choice
of Law; Jurisdiction; Prevailing Party Legal Fees.

 

This Agreement shall be
governed by and construed in accordance with the laws of the State of New York without giving effect to the conflicts of law principles
thereof. This Agreement may be enforced solely in, and in connection with, any action or proceeding arising out of or relating
to the transactions contemplated hereby. The Parties irrevocably consent to the exclusive jurisdiction and venue of the state or
federal courts located in the County of New York. In any suit, action, or proceeding to enforce this Agreement, the prevailing
party shall be entitled to recover its costs and disbursements of enforcement including its reasonable attorneys’ fees.

 

8.           Notice.

 

Any notices, requests,
demands and other communications under this Agreement or any of the other Settlement Documents shall be in writing to the address
set forth below (or at such other address, email address or facsimile for a party as shall be specified by the notice) and shall
be deemed to have been duly given if (a) delivered by hand and receipted for by the party to which said notice or other communication
shall have been directed, (b) actually receipted by the party to which it is addressed, however transmitted, (c) two (2) business
days after being sent by reputable overnight courier prepaid for delivery in no more than two (2) business days; or (d) sent by
facsimile transmission or electronic mail:

 

	If to IMO:	I.M. Operating LLC
	 	c/o Metropolitan Lumber & Hardware
	 	617 11th Avenue
	 	New York, NY 10036
	 	Attn: Robert M. Gans
	 	 
	If to Gans:	Robert M. Gans
	 	c/o Metropolitan Lumber & Hardware
	 	617 11th Avenue
	 	New York, NY 10036
	 	 
	If to Payee:	Scores Holding Company, Inc.
	 	617 11th Avenue, 2nd Floor
	 	New York, NY 10036
	 	Attn: Howard Rosenbluth, Chief Financial Officer

 

    	 	3	 

     

    

9.           No
Admissions.

 

This Agreement does not contain or constitute
any admission, concession or agreement by any Party concerning liability, wrongdoing, or the merits of any issues related hereto,
and this Agreement shall not be construed as constituting or containing any such admission, concession or agreement. This Agreement,
any assertion of fact set forth herein, and/or any action taken in furtherance of this Agreement shall not be offered or received
in evidence in any action or proceeding, other than to enforce this Agreement or to carry out the terms of this Agreement.

 

10.         Binding
Effect.

 

The terms and conditions
of this Agreement shall inure to the benefit of and be binding upon the Parties and their respective successors and assigns.

 

11.         Entire
Agreement; No Oral Modification.

 

This Agreement contains
the final, integrated, and entire agreement between the Parties, and there are no other promises, agreements, conditions, undertakings,
covenants, warranties, representations, either written or oral, express or implied, between the Parties, with respect to the subject
matter hereof. All prior agreements between the Parties with respect to the subject matter hereof are merged herein. No change
to or modification of this Agreement will be valid unless the same be in writing and signed by both Parties.

 

12.         Severability.

 

Every part, term, or provision
of this Agreement is hereby declared to be independent of, and separable from, every other part, term or provision of this Agreement.
If any court of competent jurisdiction concludes that any part, term, or provision of this Agreement is illegal, unenforceable,
or in conflict with any state, federal, or any other applicable law, that holding shall be without effect as to the validity or
enforceability of any other part, term, or provision of this Agreement. It is the intention of the Parties hereto that in lieu
of each part, term, or provision of the Agreement which is determined to be illegal, unenforceable, or in conflict with any state,
federal, or any other applicable law, there shall be added, as part of this Agreement, such an alternative part, term, or provision
as may be valid or enforceable but otherwise as close to the applicable original part, term, or provision as possible.

 

13.         Joint
Preparation.

 

This Agreement has been
jointly prepared by the Parties, and no ambiguity will be construed against any other Party based on the identity of the author
or authors of this Agreement.

 

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14.         Further
Assurances.

 

The parties hereto agree
to take such actions and execute and deliver such other instruments and documents as may be reasonably necessary to effectuate
the purpose of this Agreement.

 

    	 	5	 

     

    

 

15.         Counterparts.

 

This Agreement may be executed
in one or more counterparts, and by PDF, facsimile, or similar transmission, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.

 

[SIGNATURE PAGE FOLLOWS]

 

    	 	6	 

     

    

IN WITNESS WHEREOF,
each of the Parties hereto has caused this Agreement to be executed and delivered as of the date first set forth above.

 

	 	SCORES HOLDING COMPANY, INC.
	 	 	 
	 	By:	/s/ Howard Rosenbluth
	 	Name: Howard Rosenbluth
	 	Title: Chief Financial Officer
	 	 
	 	I.M. OPERATING LLC
	 	 	 
	 	By:	/s/ Robert Gans
	 	Name: Robert Gans
	 	Title: Authorized Signatory
	 	 	 
	 	/s/ Robert M. Gans
	 	ROBERT M. GANS

 

     

     

    

 

Exhibit A

 

	 	 	 	 	IMO	 	 
	 	 	 	 	 	 	 
	Amount Owed 2014	 	 	100,848.00	 	 
	Amount Owed 2015	 	 	84,763.00	 	 
	Amount Owed 2016	 	 	61,795.00	 	 
	Amount Owed 2017	 	 	8,000.00	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	255,406.00	 	 
	 	 	 	 	 	 	 	 
	Settlement @ 100%	 	 	255,406.00	 	 
	 	 	 	 	 	 	 	 
	Payment Schedule	 	 	 	 	 
	1	 	03/01/17	 	 	30,000.00	 	Plus Current
	2	 	04/01/17	 	 	30,000.00	 	Plus Current
	3	 	05/01/17	 	 	10,000.00	 	Plus Current
	4	 	06/01/17	 	 	10,000.00	 	Plus Current
	5	 	07/01/17	 	 	10,000.00	 	Plus Current
	6	 	08/01/17	 	 	10,000.00	 	Plus Current
	7	 	09/01/17	 	 	10,000.00	 	Plus Current
	8	 	10/01/17	 	 	10,000.00	 	Plus Current
	9	 	11/01/17	 	 	10,000.00	 	Plus Current
	10	 	12/01/17	 	 	10,000.00	 	Plus Current
	11	 	01/01/18	 	 	10,000.00	 	Plus Current
	12	 	02/01/18	 	 	10,000.00	 	Plus Current
	13	 	03/01/18	 	 	10,000.00	 	Plus Current
	14	 	04/01/18	 	 	10,000.00	 	Plus Current
	15	 	05/01/18	 	 	10,000.00	 	Plus Current
	16	 	06/01/18	 	 	10,000.00	 	Plus Current
	17	 	07/01/18	 	 	10,000.00	 	Plus Current
	18	 	08/01/18	 	 	10,000.00	 	Plus Current
	19	 	09/01/18	 	 	10,000.00	 	Plus Current
	20	 	10/01/18	 	 	10,000.00	 	Plus Current
	21	 	11/01/18	 	 	10,000.00	 	Plus Current
	22	 	12/01/18	 	 	13,195.21	 	Plus Current
	 	 	 	 	 	263,195.21	 	 

 

     

     

    

 

Exhibit B

 

Form of Note

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