Document:

Exhibit

Exhibit 10.5
COOPER-STANDARD HOLDINGS INC. 
CASH SETTLED RESTRICTED STOCK UNIT AWARD AGREEMENT 
THIS AGREEMENT (this “Agreement”), which relates to a grant of Restricted Stock Units (“RSUs”) made on Grant Date (the “Date of Grant”), is between Cooper-Standard Holdings Inc., a Delaware corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”): 
R E C I T A L S: 
WHEREAS, the Company has adopted the Cooper-Standard Holdings Inc. 2017 Omnibus Incentive Plan (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement (capitalized terms not otherwise defined herein shall have the same meanings as in the Plan); and 
WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to grant the RSUs provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 
NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
1.    Grant. The Company hereby grants to the Participant Number of Awards Granted RSUs on the terms and conditions set forth in this Agreement. The Participant’s rights with respect to the RSUs will remain forfeitable at all times prior to vesting as described in this Agreement. 
2.    Restrictions on Transfer.  In accordance with the Plan, the Participant shall have the right to designate a beneficiary to receive the RSUs that will vest upon, or be settled following, the Participant's death, all in the manner and to the extent set forth in this Agreement.  The designation may be changed at any time.  If no Designation of Beneficiary is made, then any RSUs that will vest at the time of death of the Participant, and any previously vested RSUs that have not yet been settled as of the date of death of the Participant, shall be paid to the Participant’s legal representative pursuant to his or her will or the laws of descent and distribution.  The Participant cannot otherwise sell, transfer, or dispose of or pledge or hypothecate or assign the unvested RSUs or the Shares underlying the vested RSUs prior to the date on which such vested RSUs are settled pursuant to Section 4.  
3.    Vesting; Termination of Employment.  
(a)  Vesting.  One hundred percent (100%) of the RSUs shall vest and no longer be subject to forfeiture on the third anniversary of the Date of Grant (the “Lapse Date”), subject to the Participant’s continued Employment with the Company or its Affiliate until such date. 
(b)  Termination of Employment. If the Participant’s Employment with the Company and its Affiliates terminates for any reason other than the Participant’s death, Disability or Retirement, then the RSUs shall, to the extent that the Lapse Date has not occurred, be canceled by the Company without consideration. Upon termination of the Participant’s Employment due to the Participant’s death or Disability, the total number of RSUs shall vest in full on the date of such Employment termination.  Upon the termination of the Participant’s Employment for Retirement, then a number of RSUs equal to (i) the total number of RSUs multiplied by (ii) a fraction, the numerator of which is the number of the Participant’s days of Employment from the Date of Grant through the date of termination and the denominator of which is 1,095, shall vest and no longer be subject to forfeiture as of the date of such termination, and any remaining RSUs shall be canceled by the Company without consideration.  For purposes hereof, the RSUs that vest upon a Participant’s termination of Employment shall be paid only upon the Participant’s separation from service within the meaning of Code Section 409A.  
(c) Change of Control. Notwithstanding the foregoing, in the event of a Change of Control while the Participant remains in Employment with the Company or its Affiliate, the following will apply:
(i)          If the purchaser, successor or surviving entity (or parent thereof) in the Change of Control (the “Survivor”) so agrees, then some or all of the RSUs shall be assumed, or replaced with the same type of award with similar terms and conditions, by the Survivor in the Change of Control transaction.  If applicable, each RSU that is assumed by the Survivor shall be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which would have been issuable to the Participant upon the consummation of such Change of Control had the RSU been actual shares immediately prior to such Change of Control.  Upon termination of the Participant’s Employment (A) by the Company and its Affiliates without Cause or (B) if the Participant is then or was at the time of the Change of Control a Section 16 Participant, by such Section 16 Participant for Good 

Reason, in each case within two years after a Change of Control, any unvested portion of this Award (or the replacement award) shall immediately become fully vested.
(ii)          To the extent the Survivor does not assume the RSUs or issue replacement awards as provided in clause (i), then, immediately prior to the date of the Change of Control, all of the RSU shall become immediately and fully vested.
4.    Settlement. 
(a)  General.  Except as otherwise provided in Section 4(b), as soon as practicable after the RSUs vest (but no later than two-and-one-half months from the date on which vesting occurs), the Company will settle such vested RSUs by delivering an amount of cash equal to the Fair Market Value, determined as of the vesting date, of a number of Shares equal to the number of RSUs that have vested.  
(b)  Six-Month Delay for Specified Employees.  Notwithstanding any other provision in the Plan or this Agreement to the contrary, if (i) the RSUs become vested as a result of the Participant’s separation from service other than as a result of death, and (ii) the Participant is a “specified employee” within the meaning of Code Section 409A as of the date of such separation from service, then settlement of such vested RSUs shall occur on the date that is six months after the date of the Participant’s separation from service to the extent necessary to comply with Code Section 409A.
5.    No Voting Rights; Dividend Equivalents.   The Participant shall not have voting rights with respect to the Shares underlying the RSUs.  The Participant shall be credited with an amount of cash equivalent to any dividends or other distributions paid with respect to the Shares underlying the RSUs, so long as the applicable record date occurs on or after the Date of Grant and before such RSUs are forfeited or settled; provided that such cash amounts shall be subject to the same risk of forfeiture as the RSUs to which such amounts relate.  If, however, any dividends or other distributions with respect to the Shares underlying the RSUs are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units equal to the number of Shares that the Participant would have received had the RSUs been actual Shares, and such restricted stock units shall be deemed RSUs subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the RSUs to which such dividends or other distributions relate.  Any amounts due to the Participant under this provision shall be paid to the Participant at the same time as payment is made in respect of the RSUs to which such dividends or other distributions relate.
6.    No Right to Continued Employment or Future Awards. The granting of the RSUs shall impose no obligation on the Company or any of its Affiliates to continue the Employment of the Participant and shall not lessen or affect the Company’s or its Affiliate’s right to terminate the Employment of the Participant. In addition, the granting of the RSUs shall impose no obligation on the Company or any of its Affiliates to make awards under the Plan to the Participant in the future.
7.    Taxes. The Company and its Affiliates shall have the right and are hereby authorized to withhold from amounts otherwise payable hereunder any applicable withholding taxes in respect of the Restricted Stock Units and to take such other action as may be necessary to satisfy all obligations for the payment of such withholding taxes. 

8.    Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party may designate in writing to the other. Any such notice shall be deemed effective upon receipt by the addressee. 
9.    Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO CONFLICTS OF LAWS. 
10.    Restricted Stock Units Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. The RSUs are subject to the Plan. The terms and provisions of the Plan as they may be amended from time to time are incorporated herein by reference. In the event of a conflict between any term or provision in this Agreement and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern.
11.    Recoupment. This Award, and any compensation received by the Participant under this Award, shall be subject to the terms of any recoupment or clawback policy that may be adopted by the Company from time to time and to any requirement of applicable law, regulation or listing standard that requires the Company to recoup or clawback compensation paid under this Award.
12.    Amendments.  The Company may amend this Award at any time, provided that the Participant’s consent to any amendments is required to the extent the amendment materially diminishes the rights of the Participant or that results in the 

cancellation of the Award.  Notwithstanding the foregoing, the Company need not obtain Participant (or other interested party) consent for (a) the adjustment or cancellation of an Award pursuant to the adjustment provisions of the Plan; (b) the modification of the Award to the extent deemed necessary to comply with any applicable law, the listing requirements of any principal securities exchange or market on which the Shares are then traded; (c) the modification of the Award to preserve favorable accounting or tax treatment of the Award for the Company; or (d) the modification of the Award to the extent the Committee determines that such action does not materially and adversely affect the value of an Award or that such action is in the best interest of the affected Participant or any other person(s) as may then have an interest in the Award.
13.    Committee Interpretation.  As a condition to the grant of this Award, the Participant agrees (with such agreement being binding upon the Participant’s legal representatives, guardians, legatees or beneficiaries) that this Agreement will be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement or the Plan, and any determination made by the Committee under this Agreement or the Plan, will be final, binding and conclusive.
14.    Data Privacy Consent.  The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Participant’s personal data as described in this Agreement and any other option grant materials (“Data”) by and among, as applicable, the Company and its affiliates for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that the Company and the Company's affiliates may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other entitlement to shares of stock awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor, for the exclusive purpose of implementing, administering and managing the Plan. The Participant understands that Data will be transferred to a designated third party external broker or such other stock plan service provider as may be selected by the Company in the future, which is assisting the Company with the implementation, administration and management of the Plan. The Participant understands that the recipients of the Data may be located in the United States or elsewhere, and that the recipient’s country (e.g., the United States or otherwise) may have different data privacy laws and regulations and thus the level of data protection provided may not be equivalent to the one offered in Participant’s country of residence. 
Where Data are to be transferred to a Third Country, as defined in the EU General Data Protection Regulation (GDPR) no. 2016/679, or an international organization, the Company and its affiliates shall ensure that the level of data protection offered is equivalent to the one offered in the Participant’s country of residence, especially if such country is part of the European Economic Area; such level shall be in particular guaranteed, by implementing adequate safeguards in the form of contractual arrangements between the Company and such third parties recipients; in particular by executing appropriate Standard Contractual Clauses (SCCs) as adopted and published by the European Commission for that purpose. The Participant understands that if the Participant resides outside the United States, the Participant may request at any given time a list with the names and addresses of any potential third-party recipients of the Data by contacting the Participant’s local human resources representative. 
The Participant authorizes the Company, the Company's selected broker and any other third-party recipients which assist the Company with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purposes of implementing, administering and managing the Participant’s participation in the Plan. A list of such third-party recipients is available upon request. The Company undertakes to provide prior notice to the Participant of any changes to the aforementioned list of third-party recipients; such changes to third-party recipients will be accepted by the Participant unless reasonably objected to for just cause. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan in accordance with applicable data protection laws and regulations, as well as the Company’s policies on the retention and disposal of records in effect from time to time. The Participant understands that if the Participant resides outside the United States, the Participant may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost and without providing any reason for such a withdrawal, by contacting in writing the Participant’s local human resources representative. Further, the Participant understands that the Participant is providing the consents herein on a free and purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke the Participant’s consent, the Participant’s employment status or service and career will not be adversely affected; the only adverse consequence of refusing or withdrawing the Participant’s consent is that the Company would not be able to grant the Participant options or other equity awards or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing the Participant’s consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that he or she may contact the Participant’s local human resources representative. The Participant is also entitled to lodge a complaint with the competent supervisory authorities should he or she does not receive a reply or is not otherwise satisfied with a reply received by the Company concerning the exercise of his/her aforementioned rights.

15.    Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures were upon the same instrument. 
 
 
IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
 
	
				
	 
	 
	 
	 

	 
	COOPER-STANDARD HOLDINGS INC.

	 
	 
	

	 
	By:
	 
	 

	 
	  
	 

	
		
	 
	 

	Agreed and acknowledged as of the date first above written:
	 

	 
	 

	 
	 

	Participant:  Participant NameExhibit 10.1 

 

SETTLEMENT AND OFFSET AGREEMENT

 

 

This Settlement and Offset Agreement (“Agreement”),
effective as of December 1, 2018 (the “Effective Date”), is entered into by and among Scores Holding Company,
Inc. (“Scores”), Star Light Events LLC (“Star Light”), Swan Media Group, Inc. (“Swan”),
I.M. Operating LLC (“IMO”) (Star Light, Swan and IMO are sometimes referred to individually as a “Licensee”
and collectively as the “Licensees”), Metropolitan Lumber, Hardware and Building Supplies, Inc. (“MLH)
and Robert M. Gans (“Gans”). Scores, Star Light, Swan, IMO, MLH and Gans shall be referred to collectively herein
as the “Parties” or each individually as a “Party”.

 

WITNESSETH:

 

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

 

WHEREAS, Gans is a majority owner of the
equity of each of the Licensees;

 

WHEREAS, Gans is the sole shareholder of
MLH;

 

WHEREAS, each of the Licensees, Gans and
Scores have entered into Settlement Agreements (each, a “Settlement Agreement” and, collectively, the “Settlement
Agreements”), effective as of February 28, 2017 (capitalized terms not defined in this Agreement shall have the meanings
ascribed to such terms in the respective Settlement Agreement) (there are three such Settlement Agreements, one for each Licensee);

 

WHEREAS, pursuant to the Settlement Agreements,
Scores forgave the repayment of a certain portion of Unpaid Royalties in return for the respective Licensees’ agreements
to pay the remainder of the Unpaid Royalties, plus interest, to Scores;

 

WHEREAS, the Settlement Amount for each
Licensee was represented by a Note;

 

WHEREAS, Gans guaranteed the payment of
each Licensee’s obligations under the Settlement Documents;

 

WHEREAS, the Licensees are not current with
respect to their obligations under the Settlement Documents;

 

WHEREAS, the Company has not called upon
Gans to honor his Guaranties;

 

WHEREAS, the past due amounts under the
Settlement Agreements aggregate $382,259.68 (the “Aggregate Royalty Amount”) as of the Effective Date;

 

WHEREAS, the Company, Gans and certain entities
controlled by Gans, among others, were defendants in that certain litigation captioned Voronina, et al. v. Scores Holding Company
Inc., et al., United States District Court for the S.D.N.Y. (Case No. 16-cv-02477-LAK) (the “Voronina Litigation”);

 

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WHEREAS, Scores desired to settle the Voronina
Litigation, but had insufficient liquid resources to enable it to make a portion of the settlement payments called for by the Voronina
Litigation Settlement Agreement (the “Voronina Agreement”);

 

WHEREAS, MLH loaned an aggregate of $770,000
to Scores to enable Scores to make the payments under the Voronina Agreement. As of the Effective Date, the principal and interest
on this loan aggregated $781,399.07 (the “Voronina Amount”)

 

WHEREAS, the Parties desire to offset (the
 “Offset”) the Aggregate Royalty Amount against the Voronina Amount, thereby reducing the amount owed by Scores
to MLH to $399,139 (the “Net Voronina Amount”);

 

WHEREAS, the Parties desire to provide that,
from and after, and as a result of, the Offset, (i) the Settlement Agreements, Notes and Guaranties shall terminate and be of no
further force and effect, (ii) Scores shall release the Licensees and Gans from any further liabilities thereunder and (iii) MLH
shall release Scores from any further liabilities relating to that portion of the Voronina Amount equal to the Aggregate Royalty
Amount.

 

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.

  

a.       In
full and final settlement of any and all causes of action or claims that could have been asserted by (i) Scores against the Licensees
in connection with the Aggregate Royalty Amount and (ii) MLH against Scores in connection with that portion of the Voronina Amount
equal to the Aggregate Royalty Amount, the Aggregate Royalty Amount is hereby offset against the Voronina Amount. Scores shall
remain liable to MLH for the repayment of the Net Voronina Amount.

 

b.       The
Net Voronina Amount shall be payable pursuant to a promissory note (the “Voronino Note”), which shall bear simple
interest at the rate of 4% per annum, in 28 consecutive monthly installments of $15,000, and a 29th installment of $121.05,
with the initial installment due and payable on January 1, 2019 (or the first business day thereafter). A form of the Voronina
Note is attached hereto as Exhibit A. Scores may prepay the Voronina Note at any time, in whole or in part without premium
or penalty. In the case of partial prepayment, prepayment shall first be applied to accrued unpaid interest, and then to principal.

 

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2.       Termination.
From and after the Effective Date, the Settlement Agreements, Notes and Guaranties shall be deemed terminated and of no further
force and effect.

 

3.       Releases.

 

a.       By
Scores. In consideration of the terms and conditions of this Agreement, and except with respect to the obligations of the Licensees
and Gans under this Agreement, 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 Licensees, Gans and their respective 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 Licensees, Gans and their respective 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 Aggregate Royalty Amount and/or the Guaranties.

 

b.       By
MLH. In consideration of the terms and conditions of this Agreement, and except with respect to the obligations of Scores relating
to the Net Voronina Amount under this Agreement, MLH and its Related Parties hereby irrevocably and unconditionally releases, remises,
and forever discharges, Scores 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 MLH and its Related Parties ever had, now has or hereafter can, shall or may have had, against Scores 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 Voronina Amount.

  

4.       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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5.       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.

 

6.       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 the Licensees:	Star Light Events LLC
	 	 	Swan Media Group, Inc.
	 	 	I.M. Operating LLC
	 	 	c/o Metropolitan Lumber & Hardware
	 	 	617 11th Avenue
	 	 	New York, NY 10036
	 		Attn: Robert M. Gans
	 	 	 
	 	If to Gans or MLH:	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

 

7.       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.

 

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8.       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.

 

9.       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.

 

10.       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.

 

11.       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.

 

12.       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.

 

13.       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.

 

 

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[SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

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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	 
	 	 	 	 
	 	 	 	 
	 	SWAN MEDIA GROUP, INC.
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert Gans	 
	 	Name:	Robert Gans	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	STAR LIGHT EVENTS LLC
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert Gans	 
	 	Name:	Robert Gans	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	I.M. OPERATING LLC
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert Gans	 
	 	Name:	Robert Gans	 
	 	Title:	Authorized Signatory	 
	 	 	 	 
	 	 	 	 
	 	/s/ Robert Gans	 
	 	ROBERT M. GANS	 

 

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Exhibit A

 

PROMISSORY NOTE

 

Scores Holding Company, Inc.

 

 

	$399,139.00	December 1, 2018

 

FOR VALUE RECEIVED,
SCORES HOLDING COMPANY, INC., a Utah corporation (“Payor”) with an office at 617 11th Avenue, 2nd Floor,
New York, NY 10036, unconditionally promises to pay to the order of METROPOLITAN LUMBER, HARDWARE AND BUILDING SUPPLIES, INC.,
a New York corporation (“Payee”) with an office at 617 11th Avenue, New York, NY 10036, in lawful money of the
United States of America and in immediately available funds, the principal sum of Three Hundred Ninety-Nine Thousand One Hundred
and Thirty-Nine Dollars ($399,139.00), together with simple interest thereon at the rate of four percent (4%) per annum.

 

1.       Schedule
of Payments. This promissory note (this “Note”) shall be due and payable in twenty eight (28) equal installments
of principal and interest (each, an “Installment Payment”) of Fifteen Thousand Dollars ($15,000.00) and a final
Installment Payment of One Hundred and Twenty One Dollars and Five Cents ($121.05), with the first Installment Payment due and
payable on January 1, 2019, and subsequent Installment Payments due and payable on the first day of each calendar month thereafter.
Any outstanding principal amount together with all accrued but unpaid interest due under this Note shall be due and payable in
full on September 1, 2021 (the “Maturity Date”). If the date on which an Installment Payment is otherwise due
falls on a weekend or a legal holiday in which banks in New York City are closed, such Installment Payment shall be due and payable
on the next business day thereafter. Unless otherwise indicated in writing by the holder of this Note, Payor hereby agrees to make
all payments hereunder to Payee at the address indicated above.

 

2.       Events
of Default. The unpaid principal amount due hereunder, together with accrued and unpaid interest thereon, shall, at the election
of Payee, become immediately due and payable upon the occurrence of any of the following events (each an “Event of Default”):

 

a.       Failure
of Payor to make any payment of principal and interest, when due, under this Note and such failure has not been cured within ten
(10) day’s after receipt by Payor of written notice thereof;

 

b.       Payor
shall make an assignment for the benefit of creditors, or appoint a committee of any creditors or a liquidating agent;

 

c.       Filing
against or by Payor of any proceeding in bankruptcy or any proceeding, suit or action (at law, in equity or under any applicable
federal or state law relating to bankruptcy) for reorganization, composition with creditors, arrangement, receivership, liquidation,
dissolution, or similar relief, which is not discontinued within sixty (60) days from the date of filing; or

 

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d.       A
breach by Payor of any of the terms and conditions, representations and warranties or covenants of this Note or that certain Settlement
Agreement (the “Settlement Agreement”) (capitalized terms used in this sentence and not otherwise defined shall
have the meanings ascribed to such terms in the Settlement Agreement), between Plaintiffs and Defendants Payor, I.M. Operating,
LLC d/b/a Scores New York, The Executive Club LLC d/b/a Penthouse Executive Club, and Payee (collectively, the “Defendants”)
whereby Plaintiffs have agreed to dismiss with prejudice the Amended Complaint and all of Plaintiffs’ claims and/or causes
of action asserted in the Action in consideration of the payment by Payor of the Settlement Amount.

 

After the occurrence
of an Event of Default, the unpaid principal amount of this Note shall bear interest from and including the date of such Event
of Default until paid in full at a rate per annum equal to twelve percent (12%), such interest to be payable on demand.

 

3.       Prepayments.
The principal amount of this Note may be prepaid in whole or in part at any time by Payor, without payment of any premium or penalty.
In the case of partial prepayment, prepayment shall first be applied to accrued unpaid interest, and then to principal.

 

4.       Waiver
of Diligence, Etc. Except as expressly set forth herein, Payor hereby waives diligence, presentment, demand, protest and notice
of any kind whatsoever. The non-exercise by Payee of any of its rights hereunder in any particular instance shall not constitute
a waiver thereof in that or any subsequent instance. Payor shall pay on demand all out-of-pocket costs and expenses of collection,
including reasonable attorney fees and expenses, incurred or paid by Payee in enforcing this Note.

 

5.       Notices.
Any notices, requests, demands and other communications required under this Note shall be in writing to the address set forth in
the first paragraph of this Note (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.

 

6.       Amendment.
This Note may not be modified, amended, waived, extended, changed, discharged or terminated orally or by any act or failure to
act on the part of Payor or the Payee, but only by an agreement in writing signed by Payor and Payee.

 

7.       Governing
Law. This Note 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 Note may be enforced solely in, and in connection with, any action or proceeding
arising out of or relating to the transactions contemplated hereby. Payor irrevocably consents to the exclusive jurisdiction and
venue of the state or federal courts located in the State and County of New York.

 

    	 	A-2	 

     

    

 

Whenever used herein,
the words “Payor” and “Payee” shall include their respective successors, heirs, executors and administrators.

 

IN WITNESS WHEREOF, Payor has executed this
Note to be effective as of the day and year first above written.

 

	 	SCORES HOLDING COMPANY, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Howard Rosenbluth	 
	 	Name:	Howard Rosenbluth	 
	 	Title:	Chief Financial Officer	 

 

 

    	 	A-3

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