Document:

MODIFICATION
AGREEMENT

 

MODIFICATION
AGREEMENT (this “Agreement”), dated as of September 21 2018, by and among Good Gaming, Inc., a Delaware
Corporation (the “Company”) and RedDiamond Partners, Inc. (“RDP”).

 

WHEREAS,
RDP owns an aggregate of 93.062 shares of Series D Preferred Stock (the “Preferred Shares”), each with a stated
value of $1,000 per share, which it purchased pursuant to a Securities Purchase Agreement entered into on October 6, 2017 (the
“SPA”);

 

WHEREAS,
the Company has an immediate need for a capital infusion for several purposes including but not limited to funds needed to pay
its auditors to complete their review of the Company’s financial statements for the quarter ended June 30, 2018 which is
necessary to finalize and file the Company’s Form 10-Q for the quarter ended June 30, 2018;

 

WHEREAS,
ViaOne Services, Inc. (“ViaOne”) which the Company is currently indebted to in the amount of $$1,034,399.54, has
indicated that they would loan the Company the necessary funds to file the 10-Q and all necessary filings through at least the
Company’s 10-K for the year ended December 31, 2018 pursuant to a line of credit (the “LOC”), provided that
such funds must come in as loans secured by all of the assets of Good Gaming, Inc. and that the Company must come to terms with
certain creditors/holders including RDP to modify certain terms of their arrangement.

 

WHEREAS,
the Company and RDP desire to enter into this Agreement to modify certain terms of the COD and SPA.

 

Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings ascribed to them in the SPA and COD, as
amended hereby.

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the Company and RDP hereby
agree as follows:

 

1.
CONSENT.

 

RDP
hereby consents to the Company entering into a letter of credit with ViaOne which provides that ViaOne shall receive a security
interest in all of the assets of the Company to secure new funds advanced under the LOC.

 

2.
MODIFICATION OF COD. – RDP and
the Company agree that the terms of the COD are amended as follows:

 

	 	(a)
    	Any
    and all alleged Events of Default are hereby waived;
	 	 	 
	 	(b)
    	The
    Volume Failure and Price Failure provisions shall be deleted;
	 	 	 
	 	(c)
    	The
    Preferred Shares shall convert into Common Stock (the “Conversion Shares”) at the lower of the Fixed Conversion
    Price ($.06) or at the VWAP which shall be defined as the average of the five (5) lowest closing prices during the 20 days
    prior to conversion; for the avoidance of doubt, RDP has not waived its right to the Conversion Premium as defined in the
    COD.

 

    	 

    	 

    

 

(d)
The Company shall have the obligation to redeem 46.531 of the Preferred Shares (which represents 50% of the Preferred Shares Owned
by RDP) at 110% of the Stated Value of $46,531 by making three equal payments of $17,061.37 on October 15, 2018, November 15,
2018 and December 15, 2018.

 

(e)
The Preferred Shares shall not be entitled to a dividend going forward.

 

3.
SALE PROHIBITIONS – RDP agrees that for any of the first three (3) months following
the date of this Modification Agreement, it will not sell more than the greater of (i) 33% of the total amount of shares of common
stock which would be issuable upon conversion of all Preferred Shares owned by it and (ii) 30% of the total volume of shares of
the Common Stock that are traded in the month of conversion unless the Company otherwise consents. 

 

4.
REPRESENTATIONS AND WARRANTIES

 

(a)
RDP’s Representations. RDP hereby represents and warrants to the Company:

 

(i)
RDP is either an individual or an entity validly existing and in good standing under the laws of the jurisdiction of its organization.

 

(ii)
This Agreement has been duly authorized, validly executed and delivered by RDP and is a valid and binding agreement and obligation
of RDP enforceable against RDP in accordance with its terms, subject to limitations on enforcement by general principles of equity
and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally, and RDP has full power and authority
to execute and deliver this Agreement and to perform its obligations hereunder and thereunder.

 

(iii)
RDP understands that this Agreement is a condition to the completion of the Transactions and to effect the Private Placement Conversion,
and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and
understandings of RDP set forth herein.

 

(iv)
RDP is not acquiring the Conversion Shares as a result of any advertisement, article, notice or other communication regarding
the Conversion Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented
at any seminar or any other general advertisement.

 

(v)
RDP owns and holds, beneficially and of record, the entire right, title, and interest in and to the amount of shares set forth
next to its respective name on the signature page hereto.

 

    	 - 2 -

    	 

    

 

(vi)
RDP agrees that after the date hereof and in consideration for the arrangements herein that any and all prior defaults under the
SPA and the COD are hereby waived.

 

5.
CONDITIONS TO RDP’S OBLIGATIONs hereunder.

 

The
obligations of RDP to the Company and/or the modification of the COD contemplated in this agreement are subject to the satisfaction
of each of the following conditions,

 

(a)
The Company shall become current in all its filing requirements with the OTC no later than October 1, 2018.

 

(b)
The Company shall make all payments to RDP required in this Agreement.

 

(c)
Should the Company fail to become Current within 10 days or fail to make any payment to RDP as required under this Agreement,
the Agreement shall terminate, and the Company and RDP will retain the rights and obligations of the COD prior to this Agreement.

 

(d)
Company Representations. The Company hereby represents and warrants to RDP that this Agreement has been duly authorized,
validly executed and delivered by the Company in accordance with its terms and the Company has full power and authority to execute
this Agreement and to perform its obligations hereunder and thereunder.

 

6.
CONDITIONS TO ComPANY’S OBLIGATIONs hereunder.

 

The
obligations of the Company to RDP hereunder are subject to the satisfaction of each of the following conditions, provided that
these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion
by providing RDP with prior written notice thereof:

 

(a)
The representations and warranties of RDP in Section 4 hereof shall be true and correct as of the date when made and as
of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date).

 

7.
MISCELLANEOUS.

 

(a)
Expenses. Except as otherwise set forth in this Agreement, each party to this Agreement shall bear its own expenses in
connection with transactions contemplated hereby.

 

    	 - 3 -

    	 

    

 

(b)
Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law
or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application
of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, 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 brought in an inconvenient forum or that the venue of 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 to such party at the address for such 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 manner permitted by law. EACH PARTY HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(c)
Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party; provided that a facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with
the same force and effect as if the signature were an original, not a facsimile signature.

 

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

 

(e)
Severability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of any provision of this Agreement in any other jurisdiction.

 

(f)
No 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.

 

(g)
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.

 

(h)
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.

 

(i)
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns.

 

    	 - 4 -

    	 

    

 

(j)
Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this
Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on
file by the sending party); or (iii) one Business Day after deposit with an overnight courier service, in each case properly addressed
to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

If
to the Company:

 

Good
Gaming, Inc.

415 McFarlan Road, Suite 108

Kennett Square, PA 19348

Telephone: (888)295-7279

 

Attention: Chief Executive Officer

 

Copy
(which shall not constitute valid notice) to:

 

Sichenzia
Ross Ference LLP

1185
Avenue of the Americas, 37th Floor

New
York, NY 10036

Telephone:
(212) 930-9700

Facsimile:
(212) 930-9725

Attention:
Greg Sichenzia, Esq.

 

If
to RedDiamond, at :

 

RedDiamond
Partners, Inc.

156
West Saddle River Rd

Saddle
River, NJ 07458

Attn:
John DeNobile

 

[Signature
Page Follows]

 

    	 - 5 -

    	 

    

 

IN
WITNESS WHEREOF, RedDiamond and the Company have caused their respective signature page to this Consent Agreement to be duly
executed as of the date first written above.

 

	 	COMPANY:
	 	 
	 	GOOD GAMING, INC.
	 	 
	 	By:	/s/
    David B. Dorwart 
	 	Name:
	David B. Dorwart
	 	Title: 	Chairman

 

	HOLDERS:	 
	 	 	 
	REDDIAMOND PARTNERS, INC.	 
	 	 
	By:	/s/
    John DeNobile 	 
	Name: 	John DeNobile                             	 
	Title:MODIFICATION
AGREEMENT

 

MODIFICATION
AGREEMENT (this “Agreement”), dated as of August 31, 2018, by and among Good Gaming, Inc., a Delaware
Corporation (the “Company”) and HGT Capital LLC (“HGT”).

 

WHEREAS,
HGT is the holder of a promissory note in the principal amount, with accrued interest, having a balance of $107,238 (the “Note”);

 

WHEREAS,
the Note is currently in default and has a principal and interest of $107,238 as of the date hereof.

 

WHEREAS,
the Company has an immediate need for a capital infusion for several purposes including but not limited to funds needed to pay
its auditors to complete their review of the Company’s financial statements for the quarter ended June 30, 2018 which is
necessary to finalize and file the Company’s Form 10-Q for the quarter ended June 30, 2018;

 

WHEREAS,
ViaOne Services, Inc. (“ViaOne”) which the Company is currently indebted to in the amount of $1,034,399.54 has
indicated that they would loan the Company the necessary funds to file the 10-Q and all necessary filings through at least the
Company’s 10-K for the year ended December 31, 2018 pursuant to a line of credit (the “LOC”), provided that
such funds must come in as loans secured by all of the assets of Good Gaming, Inc. and that the Company must come to terms with
certain creditors/holders including HGT to modify certain terms of their arrangement.

 

WHEREAS,
the Company and HGT desire to enter into this Agreement to modify certain terms of the Note.

 

Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings ascribed to them in the Note, as amended
hereby.

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the Company and HGT hereby
agree as follows:

 

1.
CONSENT.

 

2.
HGT hereby consents to the Company entering into a letter of credit with ViaOne which provides that ViaOne shall receive a security
interest in all of the assets of the Company to secure new funds advanced under the LOC.

 

3.
MODIFICATION OF NOTE. – HGT and the Company agree to modify the terms
of the Note as follows:

 

(a)
It is agreed that the Note currently has a balance of $107,238 on it.

 

(b)
It is agreed that the Note shall be convertible at any time into common stock of the Company based on a 25% discount to the average
closing price of the Common Stock on the lowest five trading days out of the 20 trading days prior to conversion. Such common
stock may be issued without restrictive legend if applicable exemption from registration is available.

 

    	 

    	 

    

 

(c)
Any and all alleged Events of Default are hereby waived; and

 

(d)
The Note shall not bear any interest after the date hereof.

 

4.
SALE PROHIBITIONS – HGT agrees that
for any of the first three (3) months following the date of this Modification Agreement, it will not sell more than (i) the greater
of 20% of the total amount of shares of common stock which would be issuable upon conversion of the Note and (ii) 30% of the total
volume of shares of the Common Stock that are traded in the month of conversion unless the Company otherwise consents.

 

5.
REPRESENTATIONS AND WARRANTIES

 

(a)
HGT’s Representations. HGT hereby represents and warrants to the Company:

 

(i)
HGT is either an individual or an entity validly existing and in good standing under the laws of the jurisdiction of its organization.

 

(ii)
This Agreement has been duly authorized, validly executed and delivered by HGT and is a valid and binding agreement and obligation
of HGT enforceable against HGT in accordance with its terms, subject to limitations on enforcement by general principles of equity
and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally, and HGT has full power and authority
to execute and deliver this Agreement and to perform its obligations hereunder and thereunder.

 

(iii)
HGT understands that this Agreement is a condition to the completion of the Transactions, and that the Company is relying upon
the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of HGT set forth herein.

 

(iv)
HGT is not acquiring the shares issuable upon exercise of this Note as a result of any advertisement, article, notice or other
communication regarding the Company published in any newspaper, magazine or similar media or broadcast over television or radio
or presented at any seminar or any other general advertisement.

 

(v)
HGT owns and holds, beneficially and of record, the entire right, title, and interest in and to the Note.

 

(vi)
HGT will dismiss the lawsuit filed with the NY State Supreme Court (Index #: 655976/2016) with the Company with prejudice and
any and all rights of HGT with respect to the Note will be governed by this Agreement.

 

    	-2

    	 

    

 

(b)
Company Representations. The Company hereby represents and warrants to HGT that this Agreement has been duly authorized,
validly executed and delivered by the Company in accordance with its terms and the Company has full power and authority to execute
this Agreement and to perform its obligations hereunder and thereunder.

 

6.
CONDITIONS TO COMPANY’S OBLIGATIONS HEREUNDER.

 

The
obligations of the Company to HGT hereunder are subject to the satisfaction of each of the following conditions, provided that
these conditions are for the Company’s sole benefit and may be waived by the Company at any time in its sole discretion
by providing HGT with prior written notice thereof:

 

(a)
The representations and warranties of HGT in Section 4(a) hereof shall be true and correct as of the date when made and
as of the date of conversion as though made at that time (except for representations and warranties that speak as of a specific
date).

 

7.
MISCELLANEOUS.

 

(a)
Expenses. Except as otherwise set forth in this Agreement, each party to this Agreement shall bear its own expenses in
connection with transactions contemplated hereby.

 

(b)
Governing Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation
of this Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law
or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application
of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in The City of New York, Borough of Manhattan, 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 brought in an inconvenient forum or that the venue of 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 to such party at the address for such 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 manner permitted by law. EACH PARTY HEREBY IRREVOCABLY
WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION
WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

(c)
Counterparts. This Agreement may be executed in two or more identical counterparts, all of which shall be considered one
and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party; provided that a facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with
the same force and effect as if the signature were an original, not a facsimile signature.

 

    	-3

    	 

    

 

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

 

(e)
Severability. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity
or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or
the validity or enforceability of any provision of this Agreement in any other jurisdiction.

 

(f)
No 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.

 

(g)
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.

 

(h)
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.

 

(i)
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective
successors and assigns.

 

(j)
Notices. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this
Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on
file by the sending party); or (iii) one Business Day after deposit with an overnight courier service, in each case properly addressed
to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

If
to the Company:

 

 Good
Gaming,Inc.

 

415
McFarlan Road, Suite 108

Kennett
Square, PA 19348

Telephone:
(888)295-7279

 

Attention:
Chief Executive Officer

 

Copy
(which shall not constitute valid notice) to:

 

Sichenzia
Ross Ference Kesner LLP

1185
Avenue of the Americas, 37th Floor

New
York, NY 10036

Telephone:
(212) 930-9700

Facsimile:
(212) 930-9725

Attention:
Greg Sichenzia, Esq.

 

If
to HGT Capital LLC, at :

 

800 Palisade Avenue,
Unit 2005

Fort
Lee, NJ 07024

 

[Signature
Page Follows]

 

    	-4

    	 

    

 

IN
WITNESS WHEREOF, HGT and the Company have caused their respective signature page to this Modification Agreement to be duly
executed as of the date first written above.

 

	 	COMPANY: 
	 	GOOD
    GAMING, INC.
	 	By:	             
	 	Name:	 
	 	Title:	 

 

	 	HOLDER:
	 	 
	 	HGT
    CAPITAL LLC
	 	 	 
	 	By:	/s/ Victor
    Halpert
	 	Name:	Victor
    Halpert
	 	Title:	Managing
    director

 

    	-5

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