Document:

Exhibit 10.6

 

SECOND AMENDMENT TO NOTE PURCHASE AGREEMENT

 

SECOND AMENDMENT, dated
as of August 7, 2015 (this “Second Amendment”) is entered into among OTG Management, LLC, a Delaware limited
liability company (the “Company”), the Guarantors party hereto (the “Guarantors”), and each
Person party hereto as a holder and which collectively constitute the Required Holders (collectively, “Holders”
and each individually, a “Holder”) with respect to the Note Purchase Agreement, dated as of December 11, 2012
(as amended by the First Amendment and as amended, restated, supplemented or otherwise modified from time to time, the “Purchase
Agreement”), among the Company and each Person named in the Purchaser Schedule attached thereto.

 

WITNESSETH:

 

WHEREAS, the Company,
the Guarantors and the Purchasers wish to amend certain terms and provisions of the Purchase Agreement as hereafter set forth.

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged,
the parties hereto hereby agree as follows:

 

ARTICLE
I

DEFINITIONS

 

Section 1.1           
Defined Terms. Unless otherwise defined herein, capitalized terms used herein have the meanings assigned in the Purchase
Agreement and the other Note Documents.

 

ARTICLE
II

AMENDMENTS

 

Section 2.1           
Amendments. The Purchase Agreement is hereby amended as follows:

 

(a)               
Paragraph 2D of the Purchase Agreement is hereby amended by deleting the phrase “4.0%” contained in subclause
(3)(b)(i) thereof, and inserting the phrase “3.0%” in its stead.

 

(b)              
Article 5 of the Purchase Agreement is hereby amended by adding a new Paragraph 5M to the thereof to read in its entirety
as follows:

 

“5M. OTG Management PHL,
LLC. The Company shall deliver to the Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent,
(i) within 10 Business Days following the Second Amendment Effective Date (or such later date as the Collateral Agent may otherwise
agree), an opinion of DLA Piper LLP (US), with respect to such matters regarding OTG Management PHL, LLC as the Collateral Agent
may reasonably request, and (ii) within 30 days following the Second Amendment Effective Date (or such later date as the Collateral
Agent may otherwise agree), such amendments to Article 8 of that certain Second Amended and Restated Limited Liability Company
Agreement of OTG Management PHL, LLC, dated as of December 29, 2014, as the Collateral Agent may reasonably request.”

 

    	 

    	 

    

 

(c)               
Paragraph 6C(1) of the Purchase Agreement is hereby amended by replacing the phrase “4.00 to 1.00” contained
therein and inserting the phrase “(A) 4.25 to 1.00 (in the case of any Indebtedness to be incurred prior to October 1, 2016),
or (B) 4.00 to 1.00 (in the case of any Indebtedness to be incurred on or after October 1, 2016)” in its stead.

 

(d)              
Paragraph 10A of the Purchase Agreement is hereby amended by adding the following definitions in appropriate alphabetical
order:

 

““Second Amendment”
means the Second Amendment to this Agreement, dated as of August 7, 2015, among the Company, the Guarantors and the Holders.”

 

““Second Amendment
Effective Date” means the date on which the Second Amendment shall become effective in accordance with its terms.”

 

““Specified Approval
Procedures” means, with respect to any amount that the Company proposes to add back to Consolidated EBITDA of OTG and the
Parent and its Subsidiaries pursuant to clauses (v), (vi) or (vii) of the definition thereof, that (a) not later than 10 days prior
to the date on which financial statements for the applicable period are required to be delivered to the Holders pursuant to Paragraph
5A hereof (or such shorter period as is consented to by the Collateral Agent), the Company shall have delivered to the Holders
a certificate (i) identifying (A) the amounts proposed to be added back to Consolidated EBITDA pursuant to clauses (v), (vi) or
(vii) of the definition thereof, and (B) in reasonable detail, the reasons for the requested add-back(s), and (ii) certifying that
such amounts are, subject to approval by the Required Holders pursuant to the Specified Approval Procedures, permitted to be added
back to Consolidated EBITDA pursuant only to clauses (v), (vi) and (vii) of the definition thereof, and (b) not later than 3 days
prior to the date on which financial statements for the applicable period are required to be delivered to the Holders pursuant
to Paragraph 5A hereof (or such shorter period as is consented to by the Collateral Agent), the Collateral Agent has provided written
notification to the Company (which notification may be made by email), that the Required Holders have approved such add-back(s),
which approval may be granted, conditioned, or withheld by the Required Holders in their sole discretion, acting reasonably.”

 

(e)               
Clause (d)(i) of the definition of “Change of Control” in Paragraph 10A of the Purchase Agreement is hereby
amended by adding the phrase “(other than the 10% interest in the Series B Capital Stock of OTG Management PHL, LLC issued
to R.W. Bogle LLC)” immediately before the word “and” at the end thereof.

 

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(f)               
Clauses (v), (vi) and (vii) of the definition of “Consolidated EBITDA” in Paragraph 10A of the Purchase Agreement
are hereby deleted in their entirety and shall be replaced as set forth below:

 

“(v) fees, costs and expenses
incurred in connection with debt or equity issuances, acquisitions, investments, sales or divestitures permitted hereunder, in
each case, to the extent approved in writing by the Required Holders pursuant to the Specified Approval Procedures, (vi) extraordinary
business development expenses incurred by the Parent or any of its Subsidiaries or any JV Entity, in each case, to the extent approved
in writing by the Required Holders pursuant to the Specified Approval Procedures; provided that in no event shall (A) the aggregate
amount of such expenses exceed $1,500,000 in any twelve month period commencing with the twelve month period ending December 31,
2014 (other than Permitted Chef Expenses), or (B) such expenses include payments to any Person that is employed on a full time
basis by OTG, the Parent or any of their Subsidiaries, (vii) any non-recurring expenses consistent with past practices and approved
in writing by the Required Holders pursuant to the Specified Approval Procedures,”

 

(g)              
The definition of “Permitted Project” in Paragraph 10A of the Purchase Agreement is hereby deleted in its entirety
and shall be replaced as set forth below:

 

““Permitted Project”
means a project at an airport terminal listed on Schedule 10A hereto.”

 

(h)              
Paragraph 8A(5), Paragraph 8E(2), Paragraph 8E(3) and the definition of “Existing Letters of Credit” in Paragraph
10A of the Purchase Agreement are hereby amended by deleting the phrase “Closing Date” contained therein and inserting
the phrase “Second Amendment Effective Date” in its stead.

 

(i)                
The Schedules to the Purchase Agreement are hereby amended and restated and replaced in their entirety with the Schedules
attached as Annex I hereto.

 

ARTICLE
III

CONDITIONS PRECEDENT

 

This Second Amendment
shall not become effective unless and until each of the conditions precedent set forth below has been satisfied or the satisfaction
thereof shall have been waived in writing by the Holders party hereto (the date of such effectiveness, the “Second Amendment
Effective Date”):

 

(a)               
Representations and Warranties; No Event of Default. The following statements shall be true and correct: (i) the
representations and warranties contained in this Second Amendment, Section 8 of the Purchase Agreement and in each other Note Document,
certificate or other writing delivered to any Holder pursuant hereto or thereto on or prior to the Second Amendment Effective Date
are true and correct in all material respects on and as of the Second Amendment Effective Date as though made on and as of such
date (or, to the extent such representations and warranties specifically relate to an earlier date, that such representations and
warranties were true and correct in all material respects on and as of such earlier date) (in each case except to the extent such
representation and warranty is qualified by materiality or Material Adverse Effect, in which case it shall be true and correct
in all respects), and that the Transaction Parties shall have performed all agreements and satisfied all conditions (other than
such conditions, the satisfaction of which are in the discretion of the Holders) which this Second Amendment provides shall be
performed or satisfied by it on or before the Second Amendment Effective Date except as otherwise disclosed to and agreed to in
writing by Holders, and (ii) no Default or Event of Default shall have occurred and be continuing on the Second Amendment Effective
Date or would result from this Second Amendment becoming effective in accordance with its terms.

 

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(b)              
Execution of Amendment. The Holders shall have executed this Second Amendment and shall have received a counterpart
to this Second Amendment, duly executed by each Transaction Party.

 

(c)               
Payment of Fees, Etc. The Company shall have paid on or before the Second Amendment Effective Date all fees, costs
and expenses then payable by the Company pursuant to the Note Documents, including, without limitation, Paragraph 11B of the Purchase
Agreement.

 

(d)              
Delivery of Documents. The Holders shall have received on or before the Second Amendment Effective Date the following,
each in form and substance reasonably satisfactory to the Holders and, unless indicated otherwise, dated the Second Amendment Effective
Date:

 

(i)                
a reaffirmation of the Blatstein Pledge Agreement, duly executed by Eric J. Blatstein;

 

(ii)              
a reaffirmation of the Subordination Agreement, dated December 11, 2012, made by Eric J. Blatstein in favor of the Collateral
Agent and the First Lien Agent duly executed by Eric J. Blatstein;

 

(iii)            
a guaranty and joinder agreement, duly executed by OTG Management PHL, LLC (Series A);

 

(iv)            
a copy of the Second Amendment to the First Lien Credit Agreement, duly executed by each Transaction Party, the First Lien
Lenders and the First Lien Agent and in form and substance satisfactory to the Holders and evidence that all conditions precedent
to the effectiveness of such second amendment to the First Lien Credit Agreement have been satisfied as of the Second Amendment
Effective Date;

 

(v)              
a copy of the resolutions of each Transaction Party, certified as of the Second Amendment Effective Date by an Authorized
Officer thereof, authorizing (A) the additional borrowings and transactions contemplated hereby and (B) the execution, delivery
and performance by such Transaction Party of this Second Amendment, the performance of the Note Documents as amended thereby, and
the execution and delivery of the other documents to be delivered by such Transaction Party in connection herewith and therewith;

 

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(vi)            
a certificate of an Authorized Officer of each Transaction Party, certifying the names and true signatures of the representatives
of such Transaction Party authorized to sign this Second Amendment and the other documents to be executed and delivered by such
Transaction Party in connection herewith and therewith, together with evidence of the incumbency of such authorized officers;

 

(vii)          
a certificate of the appropriate official(s) of the jurisdiction of organization and each state of foreign qualification
of each Transaction Party (or other evidence reasonably satisfactory to Collateral Agent) certifying as of a recent date not more
than 30 days prior to the Second Amendment Effective Date as to the subsistence in good standing of, and the payment of taxes due
and payable by, such Transaction Party in such states;

 

(viii)        
a true and complete copy of the charter, certificate of formation, certificate of limited partnership or other publicly
filed organizational document of each Transaction Party certified as of a recent date not more than 30 days prior to the Second
Amendment Effective Date by an appropriate official of the state of organization of such Transaction Party which shall set forth
the same complete name of such Transaction Party as is set forth herein and the organizational number of such Transaction Party,
if an organizational number is issued in such jurisdiction (or, to the extent the charter, certificate of formation, certificate
of limited partnership or other publicly filed organizational document of such Transaction Party has not been amended, modified
or, supplemented since the First Amendment Effective Date, a certificate from an Authorized Officer of such Transaction Party certifying
that such charter, certificate of formation, certificate of limited partnership or other publicly filed organizational document
of such Transaction Party not been amended, modified or supplemented since the First Amendment Effective Date);

 

(ix)            
a copy of the charter and by-laws, limited liability company agreement, operating agreement, agreement of limited partnership
or other organizational documents of each Transaction Party, together with all amendments thereto, certified as of the Second Amendment
Effective Date by an Authorized Officer of such Transaction Party (or, to the extent the charter and by-laws, limited liability
company agreement, operating agreement, agreement of limited partnership or other organizational documents of such Transaction
Party have not been amended, modified or supplemented since the First Amendment Effective Date, a certificate from an Authorized
Officer of such Transaction Party certifying that such charter and by-laws, limited liability company agreement, operating agreement,
agreement of limited partnership or other organizational documents have not been amended, modified or supplemented since the First
Amendment Effective Date);

 

(x)              
a certificate of an Authorized Officer of the Company, certifying as to the matters set forth in clause (a) above;

 

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(xi)            
a certificate of the chief financial officer of the Company (in substantially the form of the solvency certificate delivered
on the Closing Date), certifying as to the solvency of (A) the Company, and (B) the Transaction Parties and their respective Subsidiaries,
on a consolidated basis, which certificate shall be reasonably satisfactory in form and substance to the Holders; and

 

(xii)          
such other agreements, instruments, approvals, opinions and other documents, each reasonably satisfactory to the Holders
in form and substance, as any Holders may reasonably request.

 

(e)               
Legality. The purchase of the Notes shall not contravene any law, rule or regulation applicable to any Holder.

 

(f)               
Proceedings; Receipt of Documents. All proceedings in connection with the transactions contemplated by this Second
Amendment, the Purchase Agreement, as amended hereby, and the other Note Documents, and all documents incidental hereto and thereto,
shall be satisfactory to the Holders and their counsel, and the Holders and such counsel shall have received all such information
and such counterpart originals or certified or other copies of such documents, in form and substance satisfactory to the Holders,
as the Holders or such counsel may reasonably request.

 

ARTICLE
IV

REAFFIRMATION AND RELEASE

 

Section 4.1           
Ratification.

 

(a)               
Company. The Company hereby reaffirms its obligations under each Note Document to which it is a party. The Company
hereby further ratifies and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted,
pursuant to and in connection with the Note Document to the Collateral Agent, on behalf and for the benefit of the Collateral Agent
and each Holder, as collateral security for the obligations under the Note Documents in accordance with their respective terms,
and acknowledges that all of such Liens and security interests, and all collateral heretofore pledged as security for such obligations,
continues to be and remain collateral for such obligations from and after the date hereof.

 

(b)              
Guarantors. Each Guarantor hereby (i) consents to this Second Amendment; (ii) acknowledges and reaffirms all
obligations owing by it to the Collateral Agent and Holders under any Note Document to which it is a party and represents and warrants
that, after giving effect to this Second Amendment, all of its representations and warranties contained in the Note Documents to
which such Guarantor is a party are true and correct on and as of the Second Amendment Effective Date as though made on and as
of such date, except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which
case such representations and warranties shall be true and correct on and as of such earlier date), (iii) agrees that each
Note Document to which it is a party is and shall remain in full force and effect and shall not be impaired or otherwise affected
by the execution of this Second Amendment or any other document or instrument delivered in connection herewith; and (iv) ratifies
and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted by it, pursuant to
and in connection with the Note Documents to which such Guarantor is a party, to the Collateral Agent, on behalf and for the benefit
of each of the Holders, as collateral security for the obligations of such Guarantor thereunder, and acknowledges that all of such
Liens and security interests, and all collateral heretofore pledged as security for such obligations, continues to be and remain
collateral for such obligations from and after the date hereof. Although each of the Guarantors have been informed of the matters
set forth herein and have acknowledged and agreed to same, each of the Guarantors understands that the Collateral Agent and the
Holders shall have no obligation to inform the Guarantors of such matters in the future or to seek the Guarantors’ acknowledgement
or agreement to future amendments, waivers, or modifications, and nothing herein shall create such a duty.

 

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(c)               
Existing Notes. The Company and the Guarantors hereby acknowledge and agree that immediately prior to the Second
Amendment Effective Date, the aggregate outstanding principal amount under the Notes (inclusive of all PIK Interest added thereto)
is $194,680,274.18 and that such principal amount is payable pursuant to the Notes and the Note Purchase Agreement as amended hereby
without defense, offset, withholding, counterclaim, or deduction of any kind.

 

Section 4.2           
Release. Each Transaction Party hereby acknowledges and agrees that: (a) neither it nor any of its Affiliates has
any claim or cause of action against any Agent or any Lender (or any of their respective Affiliates, officers, directors, employees,
attorneys, consultants or agents) and (b) the Collateral Agent and each Holder has heretofore properly performed and satisfied
in a timely manner all of its obligations to the Transaction Parties and their Affiliates under the Purchase Agreement and the
other Note Documents that are required to have been performed on or prior to the date hereof. Notwithstanding the foregoing, the
Collateral Agent and the Holders wish (and the Transaction Parties agree) to eliminate any possibility that any past conditions,
acts, omissions, events or circumstances would impair or otherwise adversely affect any of the Collateral Agent’s and the
Holders’ rights, interests, security and/or remedies under the Purchase Agreement and the other Note Documents. Accordingly,
for and in consideration of the agreements contained in this Second Amendment and other good and valuable consideration, each Transaction
Party (for itself and its Affiliates and the successors, assigns, heirs and representatives of each of the foregoing) (collectively,
the “Releasors”) does hereby fully, finally, unconditionally and irrevocably release and forever discharge the
Collateral Agent, each Holder and each of their respective Affiliates, officers, directors, employees, attorneys, consultants and
agents (collectively, the “Released Parties”) from any and all debts, claims, obligations, damages, costs, attorneys’
fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, whether known or unknown, contingent
or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract, tort, statute
or otherwise, which any Releasor has heretofore had or now or hereafter can, shall or may have against any Released Party by reason
of any act, omission or thing whatsoever done or omitted to be done on or prior to the Second Amendment Effective Date directly
arising out of, connected with or related to this Second Amendment, the Financing Agreement or any other Transaction Document,
or any act, event or transaction related or attendant thereto, or the agreements of the Collateral Agent or any Holder contained
therein, or the possession, use, operation or control of any of the assets of any Transaction Party, or the purchasing of any Notes
or the making of any other advances, or the management of such Notes or such advances or the Collateral.

 

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ARTICLE
V

INTERPRETATION

 

Section 5.1           
Continuing Effect of the Purchase Agreement. The Transaction Parties and the Holders hereby acknowledge and agree
that the Purchase Agreement shall continue to be and remain unchanged and in full force and effect in accordance with its terms,
except as expressly provided herein.

 

Section 5.2           
Other Defaults or Events of Default. Nothing contained in this Second Amendment shall be construed or interpreted
or is intended as a waiver of or limitation on any rights, powers, privileges or remedies that the Holders have or may have under
the Purchase Agreement or any other Note Document on account of any Default or Event of Default.

 

ARTICLE
VI

MISCELLANEOUS

 

Section 6.1           
Representations and Warranties. Each of the Transaction Parties hereby represents and warrants as of the date hereof
that, (a) after giving effect to this Second Amendment, no Default or Event of Default has occurred and is continuing, (b) after
giving effect to this Second Amendment, all representations and warranties of the Transaction Parties contained in the Note Documents
are true and correct in all material respects with the same effect as if made on and as of such date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case, such representations and warranties were
true and correct in all material respects on and as of such earlier date, (c) the execution, delivery and performance by such Transaction
Party of this Second Amendment and the performance by such Transaction Party of the Note Documents to which it is a party, are
within such Transaction Party’s corporate powers, have been duly authorized by all necessary corporate action, of such Transaction
Party, require no Governmental Authorization, except for Governmental Authorizations that have been obtained, do not violate (i)
any Transaction Party’s Organizational Documents, or (ii) any law applicable to such Transaction Party, except as could not
reasonably be expected to have a Material Adverse Effect, and will not result in the creation or imposition of any Lien prohibited
by the Purchase Agreement on any asset of any Transaction Party, (d) this Second Amendment has been duly executed and delivered
by each Transaction Party, (e) this Second Amendment constitutes a legal, valid and binding obligation of such Transaction Party
enforceable against such Transaction Party in accordance with its terms, except as such enforceability may be limited by the effect
of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally
and by general principles of equity and (f) each of the Note Documents to which it is a party constitute a legal, valid and binding
obligation of such Transaction Party enforceable against such Transaction Party in accordance with its terms, except as such enforceability
may be limited by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’
rights generally and by general principles of equity.

 

Section 6.2           
Consents. The Collateral Agent and the Holders hereby consent to (a) the amendments set forth in the Second Amendment
to the First Lien Credit Agreement referred to in Section 3(d)(iii) above.

 

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Section 6.3           
Counterparts. This Second Amendment may be executed by the parties hereto in any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

 

Section 6.4           
GOVERNING LAW. THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW
OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW.

 

Section 6.5           
Fees and Expenses. The Company acknowledges that under Paragraph 11B of the Purchase Agreement the Company is obligated
to pay, and the Company confirms that it shall pay promptly, all reasonable, out-of-pocket costs and expenses incurred by the Holders
of negotiation, preparation and execution of this Second Amendment, including all reasonable fees, expenses and disbursements of
counsel to the Holders in connection therewith.

 

Section 6.6           
Holder Credit Decision. Each of the undersigned Holders acknowledges that it has, independently and without reliance
upon any other Holder and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Second Amendment and to agree to the matters set forth herein. Each of the undersigned Holders also
acknowledges that it will, independently and without reliance upon any other Holder and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking any action under the
Purchase Agreement.

 

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

 

 

	 	COMPANY:
	 	 
	 	OTG MANAGEMENT, LLC
	 	 
	 	 
	 	By: 	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd 
	 	 	Title:	Vice President

 

 

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	 	GUARANTORS:
	 	 	 	 
	 	OTG MANAGEMENT, INC.
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd 
	 	 	Title:	Vice President 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	AIRBEV, LLC 
	 	FLO SOLUTIONS, LLC 
	 	LAGUARDIA USA, LLC 
	 	LGABEV, LLC
	 	OTG CONCEPTS FRANCHISING, LLC
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	OTG DCA VENTURE II, LLC
	 	OTG EXPERIENCE, LLC
	 	OTG JFK T5 VENTURE, LLC
	 	OTG MANAGEMENT BOS, LLC
	 	OTG MANAGEMENT DCA, LLC
	 	OTG MANAGEMENT EWR, LLC
	 	OTG MANAGEMENT, INC.
	 	OTG MANAGEMENT JFK, LLC
	 	OTG MANAGEMENT MCO, LLC
	 	OTG MANAGEMENT MIDWEST, LLC
	 	OTG MANAGEMENT PHL, LLC (SERIES A)
	 	OTG MANAGEMENT T8, LLC
	 	OTG MANAGEMENT TUCSON, LLC
	 	OTG MANAGEMENT YYZ, LLC
	 	RUNTIME CANADA, LLC
	 	RUNTIME EQUIPMENT CO., LLC
	 	TERMINAL D BAR & GRILL, LLC
	 	 
	 	 
	 	By:	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd 
	 	 	Title:	Vice President

 

 

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	 	COLLATERAL AGENT:
	 	 	 	 
	 	HIGHBR1DGE PRINCIPAL STRATEGIES, LLC
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

 

    	 

    	 

    

 

	 	HOLDERS:
	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – OFFSHORE MEZZANINE PARTNERS MASTER FUND II, L.P.  
	 
	 	 
	 	By:	Highbridge Principal Strategies 
	 	 	Mezzanine Partners II Offshore GP, L.P., 
	 	 	its General Partner
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC
	 	 	its General Partner
	 	 	 
	 	 	 
	 	By: 	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – INSTITUTIONAL MEZZANINE PARTNERS II SUBSIDIARY, L.P.
	 	 	 	 
	 	By:	Highbridge Principal Strategies 
	 	 	Mezzanine Partners II Offshore GP, L.P., 
	 	 	its General Partner
	 	 	 	 
	 	By:	Highbridge Principal Strategies, LLC
	 	 	its General Partner
	 	 	 
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director
	 	 	 
	 	 	 
	 	 	 

 

    	 

    	 

    

 

	 	HIGHBRIDGE PRINCIPAL STRATEGIES – MEZZANINE PARTNERS II DELAWARE SUBSIDIARY, LLC
	 	 	 	 
	 	By:	Highbridge Principal Strategies 
	 	 	Mezzanine Partners II GP, L.P., 
	 	 	as Manager
	 	 	 	 
	 	By:	Highbridge Principal Strategies, LLC
	 	 	its General Partner
	 	 	 	 
	 	 	 	 
	 	By: 	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing DirectorExhibit 10.12

 

EXECUTION VERSION

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT
AGREEMENT, dated as of December 9, 2015 (this “Agreement”), is made and entered into between OTG MANAGEMENT,
LLC, a Delaware limited liability company (the “Company”), and Brian Britton (“Executive”).
Capitalized terms not defined herein shall have the meaning given such terms in Appendix I.

 

WHEREAS, the Company
desires to employ Executive for the period provided in this Agreement, and Executive desires to accept such employment with the
Company, subject to the terms and conditions set forth herein;

 

NOW, THEREFORE, in consideration
of the covenants and agreements hereinafter set forth and other good and valuable consideration, and intending to be legally bound
hereby, the parties hereto agree as follows:

 

1.                 
Term. The Company agrees to employ Executive, and Executive agrees to remain in the employ of the Company,
subject to the terms and conditions of this Agreement, for the period commencing no later than January 6, 2016 (such date, the
“Effective Date”) and ending on the termination of Executive’s employment in accordance with this Agreement
(such period of employment hereunder, the “Term”); provided that to the extent Executive’s employment
does not begin by February 1, 2016, unless otherwise agreed to between the parties, this Agreement shall be rendered null and void
ab initio.

 

2.                 
Position, Duties and Responsibilities.

 

(a)               
During the Term, Executive shall (i) serve as the OTG President and (ii) report directly to the Company’s
Chief Executive Officer (the “CEO”). In that capacity, Executive shall oversee the day-to-day operations of
the Company and otherwise have the duties, responsibilities and authorities customarily associated with such position in a company
the size and nature of the Company. Executive’s office shall be located at the Company’s corporate headquarters in
New York, New York.

 

(b)              
During the Term, Executive shall devote his full working time, attention and reasonable best efforts to the business
of the Company and shall use his reasonable best efforts to perform faithfully and efficiently Executive’s duties and responsibilities
as set forth herein. Executive shall not, without the consent of the CEO, directly or indirectly, operate, participate in the management,
operations or control of, or act as an employee, officer, consultant, partner, member, agent or representative of, any type of
business or service other than as an employee of the Company. Notwithstanding the foregoing, it shall not be a violation of this
Agreement for Executive to serve as a director or an officer of, or otherwise participate in, non-profit, educational, social welfare,
religious and civic organizations to the extent such service has been approved by the CEO or manage his personal, financial and
legal affairs, in each case, so long as any such activities do not unreasonably interfere with the performance of his duties and
responsibilities to the Company and comply with the conflict-of-interest policies applicable to the Company.

 

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3.                 
Compensation and Benefits. 

 

(a)               
Base Salary. During the Term, Executive shall be paid an annual base salary of $475,000 (“Base Salary”).
The Base Salary shall be payable in accordance with the Company’s regular payroll practices as then in effect. During the
Term, the Base Salary will be reviewed annually and may be increased at the discretion of the Board of Directors of the Company
(the “Board”) or the Compensation Committee of the Board (the “Committee”).

 

(b)              
Bonus. For each calendar year ending during the Term, Executive shall be eligible to earn a performance-based
cash bonus (“Annual Bonus”) in accordance with the annual bonus plan of the Company applicable to other senior
executives of the Company, targeted at 100% of Executive’s Base Salary (the “Target Bonus”) payable for
each such calendar year. The aggregate amount of any Annual Bonus actually payable to Executive hereunder, if any, shall be determined
by the Committee in its reasonable discretion as soon as practicable following the conclusion of the calendar year in question
based on the achievement of pre-established performance conditions, and shall be paid in accordance with the terms of the annual
bonus plan as then in effect.

 

(c)               
2016 Annual Bonus. Notwithstanding anything contained in Section 3(b) above, Executive’s Annual Bonus
for the 2016 calendar year will be (i) based on performance targets mutually agreed upon between the Executive and the CEO within
90 days following the Effective Date and (ii) guaranteed to be no less than $237,500 provided Executive remains employed on the
first anniversary of the Effective Date.

 

(d)              
Long-Term Incentive Awards. At the time of the initial public offering of securities of OTG Experience, Inc.,
(the “Parent”) to the public (the “IPO”), the Parent will grant to the Executive a one-time
grant of equity awards with a grant date fair value of $5,000,000 (the “Initial Grant”). If the Parent consummates
the IPO prior to the one-year anniversary of the Effective Date, the form of the Initial Grant will be shares of common stock subject
to the terms and conditions (including vesting) of the applicable award agreement and Parent’s equity incentive plan to be
established at the time of the IPO (collectively, the “Parent Equity Plan”), but will generally vest in equal
annual installments over the first five anniversaries of the grant date; provided the Executive remains employed on such
date; provided, further, that (i) in the event of a termination without Cause prior to the first anniversary of the
date of grant, a portion of the Initial Grant shall immediately vest, with such portion having a Fair Market Value equal to the
greater of (x) the Fair Market Value of a pro-rata portion of such Initial Grant determined by multiplying the Initial Grant by
a fraction, the numerator of which is the number of whole months from the date of grant to the Executive’s Date of Termination
and the denominator of which is 60 and (y) the Fair Market Value of the Make Whole Value, (ii) in the event of a termination without
Cause following the first anniversary of the date of grant but prior to the fifth anniversary of the date of grant, a cumulative
pro-rata portion of the Initial Grant (e.g., an amount that includes any portion of the Initial Grant previously vested) determined
by multiplying the Initial Grant by a fraction, the numerator of which is the number of whole months from the date of grant to
the Executive’s Date of Termination and the denominator of which is 60 shall automatically vest, (iii) in the event of a
termination without Cause that occurs in the 24-month period following a Change in Control, 100% of the Initial Grant shall vest,
and (iv) in the event of a termination due to death or Disability, 100% of the Initial Grant shall vest. Subject to the terms of
the Parent Equity Plan, the Parent shall have the right to require, prior to the issuance or delivery of shares of common stock
in respect of the Initial Grant, payment by the Executive of, any federal, state or local taxes required by law to be withheld.
Subject to the terms of the Parent Equity Plan, the threshold price per share of the Initial Grant, if applicable, shall be the
price per share at which the Parent’s common stock will be initially offered for sale to the public, as specified in the
underwriting agreement that is executed by Parent in conjunction with the IPO. Subject to the terms of the Parent Equity Plan and
except as otherwise prohibited by applicable law, any minimum statutorily required withholding obligation may generally be satisfied
at the option of Executive, by Executive’s paying to the Company the amount due, by reducing the number of shares of common
stock otherwise deliverable, by delivering shares of common stock already owned, or by selling shares of common stock already owned
and delivering the proceeds to Parent. Notwithstanding the foregoing, in the event that the IPO does not occur by the one-year
anniversary of the Effective Date, in lieu of the amounts described in the foregoing, the Company will grant to the Executive a
one-time grant of equity awards in an amount determined by the Board to be an equivalent percentage of the Company’s common
stock as the Initial Grant in a form and subject to terms and conditions generally consistent with the equity awards held by other
senior executives of the Company.

 

    	2

    	 

    

(e)               
Benefits and Expense Reimbursement. During the Term, Executive shall be eligible to participate in the benefit
and perquisite plans, programs, policies and practices (including with respect to vacation, retirement, savings and welfare benefits,
director and officer liability insurance, perquisites and other fringe benefits) made available to other senior executives of the
Company, as in effect from time to time. The Company shall reimburse Executive for all ordinary and necessary business expenses
in accordance with the applicable policies of the Company, including the presentation of appropriate statements of such expenses.
Executive shall be entitled to four (4) weeks of paid vacation per calendar year, subject to the terms and conditions of the Company’s
vacation policy as then in effect.

 

(f)               
Car Allowance. During the Term, Executive shall be entitled to receive an automobile allowance of $1,000 per
month, subject to the terms and conditions of the Company’s automobile policy as then in effect.

 

(g)              
Relocation Assistance. The Company shall provide Executive with relocation assistance consisting of
(i) travel and hotel expenses for three (3) trips to New York for Executive and his family for the purposes of locating a residence,
(ii) costs, if any, associated with the early termination of Executive’s existing lease, (iii) storing and transporting Executive’s
personal property and (iv) and up to eight (8) months temporary housing in New York. Moving expenses will be incurred based on
the lowest of three (3) reputable estimates and after approval by the Company. The Company shall reimburse Executive for such relocation
expenses in accordance with the applicable policies of the Company, including the presentation of appropriate statements of such
expenses. In the event the Executive’s employment is terminated prior to the first anniversary of the Effective Date, Executive
shall be required to reimburse the Company for all relocation expenses paid to Executive.

 

(h)              
Indemnification and D&O Insurance. The Company shall indemnify Executive in his capacity as an officer
of the Company and provide director and officer insurance coverage to Executive, in each case, on the same basis as other officers
of the Company.

 

    	3

    	 

    

4.                 
Termination of Employment During the Term.

 

(a)               
Death and Disability. Executive’s employment shall terminate automatically upon Executive’s death.
The Company may terminate Executive’s employment for Disability.

 

(b)              
Cause and Good Reason. The Company may terminate Executive’s employment for Cause, and Executive may
terminate Executive’s employment for Good Reason (each as defined in Appendix I).

 

(i)                
Good Reason shall not exist until and unless (i) Executive has given the Board written notice of the applicable event
allegedly giving rise to Good Reason within 60 days of the date Executive has knowledge of such event, (ii) such written notice
specifically delineates such claimed basis for Good Reason and informs the Board that the Company is required to cure such event
(if curable) and (iii) if such event is not so cured within 30 days (the “Cure Period”) after such written notice or
if such basis is not disputed in writing by the Company during the Cure Period, Executive resigns for Good Reason within 10 days
after the end of the Cure Period. If such event is cured within the Cure Period or if Executive fails to actually terminate employment
following the relevant Cure Period, Executive’s claim to Good Reason shall be deemed not to exist.

 

(c)               
Without Cause or Without Good Reason. Nothing herein shall be interpreted as prohibiting the Company from
terminating Executive’s employment without Cause or Executive from terminating his employment without Good Reason upon written
notice at any time; provided, however, Executive shall be required to give Company 30 days’ written notice
prior to any resignation without Good Reason (which notice period the Board may elect to waive).

 

(d)              
Notice of Termination. Any termination of Executive’s employment hereunder by the Company for Cause
or due to Disability or by Executive for any reason shall be communicated by an executed Notice of Termination given in accordance
with this Agreement. For purposes of this Agreement, a “Notice of Termination” means a written notice that (i) indicates
the specific termination provision in this Agreement relied upon, (ii) sets forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of Executive’s employment under the provision so indicated and (iii) specifies
the intended termination date. The failure by the Company to set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of Cause shall not waive any right of the Company to assert such fact or circumstance in enforcing the
Company’s rights hereunder.

 

    	4

    	 

    

5.                 
Obligations of the Company Upon Termination. Following any termination of Executive’s employment hereunder,
Executive shall not be otherwise compensated for the loss of employment or the loss of any rights or benefits under this Agreement
or any other Company plans or programs, except as provided below:

 

(a)               
Good Reason; Other than for Cause. If the Company shall terminate Executive’s employment other than
for Cause (but not due to Executive’s death or Disability), or Executive shall terminate his employment for Good Reason,
then, subject to Executive executing (and not revoking) a general release of claims (the “Release”) no later
than 55 days after the Date of Termination and Executive’s compliance with the provisions of Appendix I:

 

(i)                
beginning on the 60th day following the Date of Termination, the Company shall pay to Executive an amount equal to
the sum of (1) the annual Base Salary as in effect on the Date of Termination, and (2) the average of the Annual Bonus Executive
received in the two calendar years immediately preceding the Date of Termination, paid in pro rata monthly installments over 12
months (the “Continuation Period”); and

 

(ii)              
regardless of whether Executive executes the Release, to the extent not theretofore paid or provided, the Company
shall pay to Executive his Base Salary through the Date of Termination, reimburse any unreimbursed expenses, pay any earned but
unpaid Annual Bonus from a prior completed fiscal year, and pay or provide any other amounts or benefits required to be paid or
provided or that Executive is eligible to receive pursuant to the terms and conditions of the employee benefit plans and programs
or Company payroll, including any bonus program, of the Company and its affiliates through the Date of Termination at the time
such payments are due or benefits are to be provided (if any) and taking into account any deferral elections made by Executive
(if applicable) (all such amounts and benefits described in this Section 5(a)(ii) shall be hereinafter referred to as the “Accrued
Benefits”).

 

(b)              
Cause. If, during the Term, Executive’s employment shall be terminated for Cause (and other than due
to Executive’s death or Disability), other than any Accrued Benefits to which Executive may be entitled, this Agreement shall
terminate without further additional obligations from the Company to Executive under this Agreement (other than those obligations
that by their terms expressly survive the Term).

 

(c)               
Other Terminations. If, during the Term, Executive’s employment shall be terminated (x) due to death
or Disability or (y) by the Executive for any reason other than Good Reason, Executive, or in the event of Executive’s death,
Executive’s heirs, if any, shall be entitled to the Accrued Benefits.

 

    	5

    	 

    

(d)              
Section 280G. In the event that any payments, distributions, benefits or entitlements of any type payable
to Executive (“Termination Benefits”) (i) constitute “parachute payments” within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) but for this Section 5(d)
would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Executive's Termination
Benefits shall be reduced to such lesser amount (the “Reduced Amount”) that would result in no portion of such
benefits being subject to the Excise Tax; provided that such amounts shall not be so reduced if an independent nationally
recognized accounting firm selected by the Company (the “Accountants”) determines that without such reduction
Executive would be entitled to receive and retain, on a net after-tax basis (including, without limitation, any excise taxes payable
under Section 4999 of the Code, an amount that is greater than the amount, on a net after-tax basis, that Executive would be entitled
to retain upon receipt of the Reduced Amount. Unless the Company and Executive otherwise agree in writing, any determination required
under this Section 5(d) shall be made in writing (including detailed supporting calculations) as soon as reasonably practicable
following the earlier of your Date of Termination or the date of the transaction which causes the application of Section 280G of
the Code and shall be binding on the parties absent manifest error. In the event of a reduction of benefits hereunder, benefits
shall be reduced in the order that results in the greatest economic benefit to Executive in a manner that would not result in subjecting
Executive to additional taxation under Section 409A of the Code. For purposes of making the calculations required by this paragraph,
the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of the Code, and other applicable legal authority. The Company and Executive shall
furnish to the Accountants such information and documents as the Accountants may reasonably require in order to make a determination
under this paragraph, and the Company shall bear the cost of all fees the Accountants charge in connection with any calculations
contemplated by this Section 5(d). To the extent requested by you, the Company shall cooperate with you in good faith in valuing,
and the Accountants shall value, services to be provided by you (including your refraining from performing services pursuant to
a covenant not to compete) before, on or after the date of the transaction which causes the application of section 280G of the
Code. In no event shall Executive be entitled hereunder to a gross up from the Company to cover any Excise Tax to which he may
be subject. At the written request of Executive prior to an IPO, the Company shall use reasonable efforts to obtain the vote of
equity holders described in Q&A 7 of Treasury Regulation Section 1.280G. Notwithstanding the foregoing, if, immediately prior
to the relevant change of ownership or control of the Company, the shareholder approval mechanics of Q&A 6 of Treasury Regulation.
Section 1-280G are potentially available for use, the Company shall submit the Termination Benefits to a shareholder vote in accordance
with Q-7 of Treasury Regulation Section 1.280G-1.

 

(e)               
Release. In the event that the Release is not executed, or is revoked, on or prior to the 55th day after the
Date of Termination, Executive will forfeit all entitlement to the severance amounts described therein (other than, for the avoidance
of doubt, the Accrued Benefits). All references to a general Release in this Section 5 shall mean a release in the form attached
as Appendix IV.

 

6.                 
Section 409A of the Code.

 

(a)               
It is intended that the provisions of the Agreement comply with Section 409A of the Code and the regulations promulgated
thereunder (“Section 409A”), and all provisions of this Agreement shall be construed and interpreted in
a manner consistent with the requirements for avoiding taxes or penalties under Section 409A; provided, for the avoidance
of doubt, that in no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed
on Executive by Code Section 409A or damages for failing to comply with Code Section 409A.

 

    	6

    	 

    

(b)              
Neither Executive nor any of his creditors or beneficiaries shall have the right to subject any deferred compensation
(within the meaning of Section 409A) payable under this Agreement or under any other plan, policy, arrangement or agreement of
or with the Company or any of its affiliates (the Agreement and such other plans, policies, arrangements and agreements, the “Company
Plans”) to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment.
Except as permitted under Section 409A, any deferred compensation (within the meaning of Section 409A) payable to Executive or
for Executive’s benefit under any Company Plan may not be reduced by, or offset against, any amount owing by Executive to
the Company or any of its affiliates.

 

(c)               
If, at the time of Executive’s separation from service (within the meaning of Section 409A), (i) Executive
is a “specified employee” (within the meaning of Section 409A and using the identification methodology selected
by the Company from time to time) and (ii) the Company makes a good faith determination after consultation with Executive
that an amount payable under the Company Plans constitutes deferred compensation (within the meaning of Section 409A) the
payment of which is required to be delayed pursuant to the six-month delay rule set forth in Section 409A in order to avoid
taxes or penalties under Section 409A, then the Company shall not pay such amount on the otherwise scheduled payment date,
but shall instead accumulate such amount and pay it, without interest, on the earlier of (i) the first business day after such
six-month period or (ii) promptly after Executive’s death. To the extent required by Section 409A, any payment or benefit
that would be considered deferred compensation subject to, and not exempt from, Section 409A, payable or provided upon a termination
of Executive’s employment, shall only be paid or provided to Executive upon his separation from service (within the meaning
of Section 409A).

 

(d)              
For purposes of Section 409A, each payment under the Agreement will be deemed to be a separate payment as permitted
under Treasury Regulation Section 1.409A-2(b)(2)(iii).

 

(e)               
Except as specifically permitted by Section 409A or as otherwise specifically set forth in the Agreement, the
benefits and reimbursements provided to Executive under the Agreement and any Company Plan during any calendar year shall not affect
the benefits and reimbursements to be provided to Executive under the relevant section of the Agreement or any Company Plan in
any other calendar year, and the right to such benefits and reimbursements cannot be liquidated or exchanged for any other benefit
and shall be provided in accordance with Treas. Reg. Section 1.409A-3(i)(1)(iv) or any successor thereto. Further, in the case
of reimbursement payments, reimbursement payments shall be made to Executive as soon as practicable following the date that the
applicable expense is incurred, but in no event later than the last day of the calendar year following the calendar year in which
the underlying expense is incurred.

 

(f)               
The Company makes no representations concerning the tax consequences of Executive’s participation in this Agreement
under Section 409A of the Code or any other Federal, state or local tax law. Executive’s tax consequences shall depend,
in part, upon the application of relevant tax law, including Section 409A, to the relevant facts and circumstances.

 

(g)              
Notwithstanding any provision in this Agreement to the contrary, if the 55-day period for making and not revoking
the Release described in Section 5(e) of this Agreement ends in a calendar year commencing after the Executive’s Date of
Termination, no severance benefit payable under Section 5(a) (excluding, for the avoidance of doubt, the Accrued Benefits) shall
be payable earlier than the first day of the calendar year following such Date of Termination.

 

    	7

    	 

    

7.                 
Appendix I, Appendix II and Appendix III. Certain of Executive’s contractual and legal obligations (including,
without limitation, various restrictive covenants) and certain defined terms, are set forth in Appendix I, Appendix II and Appendix
III. In addition, Appendix I, Appendix II and Appendix III specify certain rules and conditions of various employment related
matters. Appendix I, Appendix II and Appendix III are attached to, and expressly made an integral part of, this Agreement. Executive
shall execute Appendix II and Appendix III concurrently with the execution of this agreement. 

 

8.                 
Miscellaneous

 

(a)               
Entire Agreement; Effectiveness. This Agreement (including Appendix I, Appendix II and Appendix III)
contains the entire agreement of the parties with respect to the subject matter hereof, and except as otherwise set forth herein,
supersedes all prior agreements, term sheets, promises, covenants, arrangements, communications, representations and warranties
between the parties, whether written or oral, with respect to the subject matter hereof. In particular, Executive agrees and acknowledges
that any previous written or oral agreement pertaining to employment between the Company and Executive shall hereby be terminated
and has no further force and effect after the date hereof. In addition, during the Term, the provisions of Section 5 of this Agreement
supersede in all respects and are in lieu of any severance payments and benefits that Executive may be eligible to receive under
any severance or change of control plan that the Company maintains during the Term.

 

(b)              
Assignment; Successors. This Agreement is personal to Executive and without the prior written consent of the
Company shall not be assignable by Executive, and any assignment in violation of this Agreement shall be void. This Agreement shall
inure to the benefit of and be enforceable by Executive’s heirs, successors, assigns and legal representatives. The rights
and responsibilities of the Board herein may be delegated or assigned to one or more committees thereof as determined in the Board’s
discretion. This Agreement shall inure to the benefit of and be binding upon the Company, its successors and assigns. As used in
this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or
assets as aforesaid which assumes and agrees to perform this Agreement by operation of law, or otherwise.

 

(c)               
Withholding. All payments to be made to Executive hereunder will be subject to all applicable required withholding
of federal, state, local and foreign taxes, including income and employment taxes.

 

(d)              
Notices. All documents, notices, requests, demands and other communications that are required or permitted
to be delivered or given under this Agreement shall be in writing to (i) the Executive Chairman of the Company or (ii) Executive,
in each case, either by mail, fax or email, and shall be deemed to have been duly delivered or given when received.

 

    	8

    	 

    

(e)               
Representations. Executive represents, warrants and covenants that: (i) Executive has the full right,
title and authority to enter into this Agreement and perform Executive’s obligations hereunder; and (ii) except as referenced
in Section 2(c), Executive has not granted, nor will grant, any right, and will not do any act or enter into any agreement or understanding
whatsoever which may or will prevent, impair or hinder the full performance of Executive’s obligations hereunder.

 

(f)               
Amendment. No provisions of this Agreement may be modified, waived or discharged unless such modification,
waiver or discharge is agreed to in writing signed by the parties hereto.

 

(g)              
No Waiver. The provisions of this Agreement may be waived only in writing signed by the party or parties entitled
to the benefit thereof. A waiver or any breach or failure to enforce any provision of this Agreement shall not in any way affect,
limit or waive a party’s rights hereunder at any time to enforce strict compliance thereafter with every provision of this
Agreement.

 

(h)              
Severability. If any term, provision, covenant or condition of this Agreement is held by a court of competent
jurisdiction to be invalid, illegal, void or unenforceable in any jurisdiction, then such provision, covenant or condition shall,
as to such jurisdiction, be modified or restricted to the minimum extent necessary to make such provision valid, binding and enforceable,
or, if such provision cannot be modified or restricted, then such provision shall, as to such jurisdiction, be deemed to be excised
from this Agreement and any such invalidity, illegality or unenforceability with respect to such provision shall not invalidate
or render unenforceable such provision in any other jurisdiction, and the remainder of the provisions hereof shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.

 

(i)                
Survival. The rights and obligations of the Company and Executive under the provisions of this Agreement,
including Appendix I, Appendix II and Appendix III of this Agreement, shall survive and remain binding and enforceable,
notwithstanding any termination of Executive’s employment with the Company, to the extent necessary to preserve the intended
benefits of such provisions.

 

(j)                
Governing Law. This Agreement and any disputes arising hereunder or related hereto (whether for breach of
contract, tortious conduct or otherwise) shall be governed by and construed in accordance with the laws of the State of Delaware,
without reference to its conflicts of law principles.

 

(k)              
Jurisdiction. Each party irrevocably agrees that any legal action, suit or proceeding against it arising out
of or in connection with this Agreement or the transactions contemplated by this Agreement or disputes relating hereto (whether
for breach of contract, tortious conduct or otherwise) shall be governed by the terms and conditions of the Mutual Agreement to
Arbitrate Claims, attached hereto as Appendix III. Each party hereby waives, to the fullest extent permitted by applicable law,
any right it may have to a trial by jury in respect to any litigation directly or indirectly arising out of, under or in connection
with this Agreement. Each party (i) certifies that no representative, agent or attorney of any other party has represented, expressly
or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges
that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers
and certifications in this Section 8(k).

 

    	9

    	 

    

(l)                
Costs of Proceedings. Except as set forth in Appendix III, each party shall pay its own costs, legal, accounting
and other fees and all other expenses associated with entering into and enforcing its rights under this Agreement.

 

(m)            
Counterparts. This Agreement may be executed in two or more counterparts (including by facsimile of PDF),
each of which shall be deemed an original but all of which together shall constitute one and the same instrument. If any signature
is delivered by facsimile transmission or by PDF, such signature shall create a valid and binding obligation of the party executing
(or on whose behalf the signature is executed) with the same force
and effect as if such facsimile or PDF signature were an original
thereof.

 

(n)              
Construction. The headings in this Agreement are for convenience only and shall not control or affect the
meaning or construction of any provision of this Agreement. As used in this Agreement, words such as “herein”, “hereinafter”,
“hereby” and “hereunder”, and words of like import, refer to this Agreement, unless the context requires
otherwise. The words “include”, “includes” and “including” shall be deemed to be followed by
the phrase “without limitation”.

 

    	10

    	 

    

IN WITNESS WHEREOF,
the parties have executed this Employment Agreement as of the date first above written.

 

	 	OTG MANAGEMENT, LLC
	 	 	 	 
	 	By:	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd
	 		Title:	Vice President
	 	 	 	 
	 	OTG EXPERIENCE, INC.,
	 	for purposes of Section 3(d)
	 	 	 	 
	 	By:	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd
	 	 	Title:	Vice President
	 	 	 	 
	 	/s/ Brian Britton
	 	Brian Britton

 

 

    	11

    	 

    

Appendix I – Definitions

 

The definitions set
forth in this Appendix I are expressly made an integral part of the Employment Agreement, dated as of December 9, 2015, between
OTG MANAGEMENT, LLC and Brian Britton (the “Agreement”), to which this Appendix I is attached. All capitalized
terms used in this Appendix I, to the extent not defined, shall have the meaning set forth in the Agreement.

 

1.                 
“affiliate” means (a)  any entity in which the Company has a significant equity interest.

 

2.                 
“Cause” means the occurrence of any of the following: (a) Executive willfully and continually
fails to substantially perform his duties of employment (other than because of a mental or physical impairment) that continues
after being given notice of such failure; (b) Executive (i) engages in any act of willful and material (A) misconduct, (B)
dishonesty, or (C) wrongdoing or moral turpitude (whether or not a felony) or (ii) materially violates the Company’s code
of conduct or a written Company policy, which violation has an adverse effect upon the Company; or (c) Executive willfully
(i) breaches his duty of loyalty or (ii) commits an unauthorized disclosure of proprietary or confidential information of the Company.

 

3.                 
“Change in Control” shall have the meaning set forth in the Company’s equity incentive plan
as in effect from time to time.

 

4.                 
“Disability” shall have the meaning given to such term in the Company’s governing long-term
disability plan, or if no such plan exists, such term shall mean total and permanent disability as determined under the rules of
the Social Security Administration.

 

5.                 
“Date of Termination” means (a) if Executive’s employment is terminated by the Company for
Cause or by Executive for Good Reason the date specified in the Notice of Termination, (b) if Executive’s employment is terminated
by the Company (other than for Cause or due to Disability), the Date of Termination shall be the date on which the Company notified
Executive of such termination, (c) if Executive resigns without Good Reason, the Date of Termination shall be the date specified
by Executive, which shall not be earlier than 30 days after the date Executive provides notice pursuant to Section 4(b) and Section
8(d) of the Agreement; provided, however, the Board may waive such notice period, in which case the Date of Termination
shall be the date the Board waived such notice period, (d) if Executive’s employment is terminated by the Company due to
Disability, the date specified in the Notice of Termination, or (e) if Executive’s employment is terminated by reason of
death, the date of Executive’s death.

 

6.                 
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

    	A-1

    	 

    

7.                 
“Good Reason” means, without Executive’s express written consent, the occurrence of any
one or more of the following: (a) a material diminution in the Executive’s Base Salary or Target Bonus; (b) a material diminution
in the Executive’s title or duties; (c) a material diminution in the Executive’s reporting relationship; or (d) a change
in the geographic location of Executive’s primary place of business by more than 50 miles.

 

8.                 
“Fair Market Value” shall mean, with respect to any asset or equity interest, its fair market
value as determined by the Board in its good faith discretion.

 

9.                 
“Make Whole Value” means the value of any unvested equity or cash-based long-term incentive awards
of Executive’s former employer that were forfeited by Executive prior to the Effective Date. Such amount shall be determined
in the Company’s sole discretion following Executive’s submission of documentation substantiating such forfeited amount.

 

10.             
“Willful” means an action or omission in bad faith and without reasonable belief it was in the
best interests of the Company.

 

    	A-2

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