Document:

EXHIBIT
4.2

 

SECOND
AMENDED AND RESTATED REVOLVING CREDIT NOTE

 

	 	July
    17, 2019
	$60,000,000.00	Tarrytown,
    New York

 

FOR
VALUE RECEIVED, CASTLE BRANDS INC., a corporation organized under the laws of the State of Florida (“CBI”),
and CASTLE BRANDS (USA) CORP., a corporation organized under the laws of the State of Delaware (“CBUSA”)
(collectively, “Borrower”), jointly and severally promise to pay to the order of ACF FINCO I LP,
a Delaware limited partnership (“Lender”), at 560 White Plains Road, Suite 400, Tarrytown, New York
10591 or at such other place as Lender may from time to time in writing designate, the principal sum of each Advance made by Lender
to Borrower under that certain Amended and Restated Loan and Security Agreement dated as of September 22, 2014 between Borrower
and Lender, as amended by a First Amendment dated as of August 7, 2015, by a Second Amendment dated as of August 17, 2015, by
a Third Amendment dated as of October 18, 2017, by a Fourth Amendment dated as of May 15, 2018, by a Fifth Amendment dated as
of October 11, 2018, by a Sixth Amendment dated as of November 8, 2018, by a Seventh Amendment dated as of January 23, 2019, and
by an Eighth Amendment dated on or about the date of this Note (as so amended, together with all Exhibits and Schedules thereto,
as the same may be subsequently amended, extended, restated , supplemented or otherwise modified from time to time, the “Loan
Agreement”). The aggregate unpaid principal balance hereof shall not exceed at any time the sum of SIXTY MILLION
AND 00/100 DOLLARS ($60,000,000.00). Unless defined herein, capitalized terms shall have the meanings given such terms in
the Loan Agreement.

 

The
entire unpaid principal balance of this Note, all accrued and unpaid interest thereon, all fees, costs and expenses payable in
connection with the Revolving Credit, and all other sums due hereunder and under the Loan Documents in connection with the Revolving
Credit, shall be due and payable in cash IN FULL on the Termination Date.

 

Borrower
shall pay interest on the outstanding principal amount of this Note to Lender until all Obligations with respect to this Note
and the Revolving Credit have been finally and indefeasibly paid to Lender in cash and performed in full. Interest shall accrue
daily on the daily unpaid principal amount of this Note, and Borrower shall pay interest to Lender monthly in arrears commencing
on the first Banking Day of the calendar month immediately following the Effective Date and on the first Banking Day of each calendar
month thereafter. The principal balance of this Note shall bear interest at the rate set forth in Section 3.1 of the Loan
Agreement, unless otherwise provided for by the terms of the Loan Agreement.

 

All
repayments or prepayments of principal, all payments of interest and all payments of fees, costs and expenses payable in connection
with the Revolving Credit shall be made by Borrower, or credited to the account of Borrower by Lender, pursuant to the terms of
the Loan Agreement. Borrower may prepay the indebtedness evidenced by this Note in whole or in part pursuant to, and subject to,
the applicable provisions of the Loan Agreement and Loan Documents.

 

This
is the “Revolving Credit Note” referred to in the Loan Agreement and is entitled to the benefit of all of the terms
and conditions and the security of all of the security interests, liens and encumbrances granted by Borrower or any other person
to Lender pursuant to the Loan Agreement, all collateral security agreements executed and/or delivered by Borrower or any other
person to Lender, and all of the other Loan Documents, including, without limitation, supplemental provisions regarding mandatory
and/or optional prepayment rights and premiums. This Note amends and restates in its entirety, and is given in replacement of
and in substitution for, but not in payment, extinguishment, satisfaction, discharge, termination or novation of, the Amended
and Restated Revolving Credit Note executed and delivered by Borrower to Lender dated on or about January 23, 2019.

 

    	 

    	 

    

 

The
entire unpaid Obligations and Indebtedness evidenced by this Note shall become immediately due and payable, without further notice
to or demand of Borrower upon the happening of any Event of Default. After an Event of Default, Lender shall have all of the rights
and remedies available to Lender as set forth in the Loan Documents, including but not limited to those relating to the enforcement
of this Note and the collection of the Obligations owing in connection with this Note and the Revolving Credit.

 

The
agreements, covenants, Indebtedness, liabilities and Obligations of Borrower set forth in this Note shall continue to be effective,
or be reinstated, as the case may be, if at any time any payment in respect of the Revolving Credit is rescinded or must otherwise
be restored or returned by Lender by reason of any bankruptcy, reorganization, arrangement, composition or similar proceeding
or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, Borrower or
any other Person, or any Property of Borrower or any other Person, or otherwise, all as though such payment had not been made.

 

Whenever
any payment to be made under this Note shall be stated to be due on a day other than a Banking Day, such payment shall be made
on the next succeeding Banking Day and such extension of time shall be included in the computation of any interest then due and
payable hereunder.

 

The
undersigned and all other parties who, at any time, may be liable hereon in any capacity waive presentment, demand for payment,
protest and notice of dishonor of this Note. This Note and any provision hereof may not be waived, modified, amended or discharged
orally, but only by an agreement in writing which is signed by the holder and the party or parties against whom enforcement of
any waiver, change, modification, amendment or discharge is sought.

 

The
agreements, covenants, Indebtedness, liabilities and Obligations of Borrower under this Note are joint and several obligations
of each of the undersigned. Each of undersigned expressly represents that it is part of a common enterprise and that any financial
accommodations by Lender under this Note and under the other Loan Documents are and will be of direct and indirect interest, benefit
and advantage to the undersigned.

 

This
Note shall be governed by and construed in accordance with the internal laws of the State of New York, as the same may from time
to time be in effect, without regard to principles of conflicts of laws thereof. This Note shall be binding upon Borrower, its
successors and assigns, and shall inure to the benefit of Lender, its successors and assigns. Lender shall have the right, without
the necessity of any further consent of or other action by Borrower, to sell, assign, securitize or grant participations in all
or a portion of Lender’s interest in this Note to other financial institutions of Lender’s choice and on such terms
as are acceptable to Lender in Lender’s sole discretion. Borrower shall not assign, exchange or otherwise hypothecate any
Obligations under this Note or any other rights, liabilities or obligations of Borrower in connection with this Note, in whole
or in part, without the prior written consent of the Lender, and any attempted assignment, exchange or hypothecation without such
written consent shall be void and be of no effect.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

[SIGNATURE
PAGE IMMEDIATELY FOLLOWS]

 

    	Page 2 of 3

    	 

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Note on the day and year first above written.

 

	 	CASTLE
    BRANDS INC.
	 	 	 
	 	By:	/s/
    Alfred J. Small
	 	Name:
    	Alfred
    J. Small
	 	Title:	CFO
	 	 	 
	 	CASTLE
    BRANDS (USA) CORP.
	 	 	 
	 	By:	/s/
    Alfred J. Small
	 	Name:	Alfred
    J. Small
	 	Title:	CFO

 

    	Page 3 of 3Exhibit 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.

 

 

 

    	 	1	 

     

    

 

(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.

 

 

 

    	 	2	 

     

    

 

(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]

 

 

    	 	3	 

     

    

 

 

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:	 
	 	 	 	 	 	 

 

 

 

 

 

    	 	4

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