Document:

Exhibit 10.1

 

Amendment
No. 2 To Share Exchange Agreement 

Dated
December 30, 2018

 

This
Amendment No. 2 to Share Exchange Agreement (this “Amendment”) is entered into as of the date first set forth above,
by and between among (i) SMAAASH ENTERTAINMENT INC., a Delaware corporation (“Purchaser”), (ii) SIMPLICITY ESPORTS,
LLC, a Florida limited liability company (the “Company”), (iii) each of the equity holders of the Company as named
on Exhibit B to the Original Agreement, as defined below, (the “Company Owners”), and (iv) Jed Kaplan in the
capacity as the representative for the Company Owners in accordance with the terms and conditions of this Agreement (the “Owners’
Representative”).

 

WHEREAS,
Purchaser, the Company, the Company Owners and Owners’ Representative are parties to that certain Share Exchange Agreement,
dated as of December 21, 2018 and as amended by Amendment No. thereto dated as of December 28, 2018 (as so amended, the “Original
Agreement”) and now wish to amend the Original Agreement as set forth herein; and

 

WHEREAS,
Pursuant to Section 10.15 of the Original Agreement, the Owners’ Representative may bind the Company Owners to an amendment
of the Original Agreement;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

		1.	Amendment.
                                         Pursuant to Section 10.6 of the Original Agreement, the Original Agreement is hereby
                                         amended as follows:

 

		(a)	Section
                                         1.2 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

1.2         Consideration.
As consideration for the Purchased Interests,
Purchaser shall deliver newly issued shares of Purchaser Common Stock to the Company Owners as follows:

 

(a)       At
the Closing, Purchaser shall deliver an aggregate of 300,000 shares of Purchaser Common Stock to the Company Owners (the “Initial
Payment”), and on January 7, 2019 the Purchaser shall deliver an additional aggregate of 700,000 shares of Purchaser
Common Stock to the Company Owners (the “Second Payment” and, together with the Initial Payment, the
“Closing Consideration”);

 

(b)       Upon
receipt of the Purchaser Shareholder Approval, the Purchaser shall deliver an additional 2,000,000 shares of Purchaser Common
Stock to the Company Owners (the “Third Payment”, and together with Closing Consideration the “Consideration”).

 

(c)       Each
Company Owner shall receive its share of the Consideration as set forth on Exhibit B attached hereto. The Parties acknowledge
and agree that the proportion of the overall Consideration as to be received by each Company Owner will change as, when and if
the Initial Payment, the Second Payment and the Third Payment are paid, and the proportionate receipt of each Company Owner at
any point in time shall be determined based on when such determination is being made and depending on which portion(s) of the
Consideration have been paid at such time (at any point in time, such share being such Company Owner’s “Pro
Rata Share”).

 

     

     

    

 

		(b)	Section
                                         1.3 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

1.3         Failure
to Pay. In the event that the Closing occurs
but thereafter (i) the Second Payment is not made, or (ii) the Third Payment is not paid for any reason, including, without limitation
due to the failure to obtain the Purchaser Shareholder Approval (the events in clauses (i) and (ii) being a “Return Event”),
then, in the event of the occurrence of any such Return Event, the Purchaser shall return to the Owners’ Representative
or his designees for no additional consideration and at the cost of the Purchaser (1) the names “Simplicity”, “Simplicity
Esports, LLC” and “Simplicity Esports” and, (2) all tradenames and trademarks owned by the Company as of immediately
prior to the Closing; and (3) all social media accounts owned, controlled or utilized by the Company as of immediately prior to
the Closing; together with all title, right and interest of the Purchaser and the Company in and to each of the foregoing; and
the Purchaser and the Company shall thereafter cease all use of the names “Simplicity”, “Simplicity Esports,
LLC” and “Simplicity Esports” and all use of all of such returned assets or intellectual property.

 

		(c)	Section
                                         1.5 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

1.5         Employment
Agreements. At the Closing, (i) the Purchaser
shall enter into an employment agreement with Jed Kaplan, in form and substance reasonable acceptable to the Purchaser and Jed
Kaplan, for him to serve as the Co-Chief Executive Officer of the Purchaser for the period from the Closing to March 31, 2019,
and thereafter for him to serve as the sole Chief Executive Officer of the Company (the “Kaplan Employment Agreement”)
and (ii) the Purchaser shall enter into an employment agreement with Steven Grossman, in form and substance reasonable acceptable
to the Purchaser, Owners’ Representative and Steven Grossman, for him to serve as the President of the Company (the “Grossman
Employment Agreement” and, together with the Kaplan Employment Agreement, the “Employment Agreements”).
The Company agrees, and the Kaplan Agreement shall provide, that during the Term (as defined in the Kaplan Agreement) of the Kaplan
Agreement, the Company shall not enter into any Contract with any Person, or amend any existing Contract with any Person, which
Contract or amendment would obligate the Company or any of its Affiliates to expend more than $10,000 in total, without the prior
written approval of Jed Kaplan.

 

    2 

     

    

 

		(d)	Section
                                         5.2 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

5.2          Authorization.
Purchaser has full corporate power and authority
to enter into this Agreement and the Ancillary Documents to which it is a party and to consummate the transactions contemplated
hereby and thereby. The execution and delivery of this Agreement and the Ancillary Documents to which Purchaser a party and the
consummation of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action on
the part of Purchaser and no other corporate proceedings on the part of Purchaser are necessary to authorize this Agreement, or
to consummate the transactions so contemplated, except for the Purchaser Shareholder Approval with respect to the payment of the
Third Payment. This Agreement has been duly executed and delivered by the Purchaser. This Agreement and each Ancillary Document
to which the Purchaser is a party constitutes a legal, valid and binding obligation of Purchaser, enforceable against Purchaser
in accordance with its terms, except as the enforceability thereof may be limited by the Enforceability Exceptions.

 

		(e)	Section
                                         6.15 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

6.15        Return
of Name.  In the event the Purchaser does not receive the Purchaser Shareholder Approval by September 30, 2019 (unless the
Purchaser Shareholder Approval is no longer required to be obtained in connection with the Purchaser’s delivery of the Third
Payment pursuant to Section 1.2), then the Purchaser and the Parties shall promptly take whatever actions reasonably necessary
(including changing the Company’s name), so that the name “Simplicity” and any trademarks and copyright and
similar rights shall be transferred to the Owners’ Representative and the Purchaser and its Affiliates shall thereafter
cease to use the name “Simplicity” in any operations.

 

		(f)	Section
                                         6.16 of the Original Agreement is hereby amended and restated in its entirety to provide
                                         as follows:

 

6.16        Purchaser
Shareholder Approval.  The Purchaser shall use its best efforts to obtain the Purchaser Shareholder Approval as soon as possible
after the Closing Date, whether by submitting the approval of the Third Payment to the shareholders of Purchaser at meeting of
the shareholders of Purchaser or by obtaining a written consent of shareholders of Purchaser to approve the Third Payment. As
of the Closing, the Company shall retain $10,000 in cash in its accounts, which shall be used by the Purchaser to pay for the
costs of obtaining the Purchaser Shareholder Approval. The Parties acknowledge and agree that the $10,000 in cash as to be retained
by the Company pursuant to this Section 6.16 shall not constitute a part of the Minimum Closing Cash Amount, and such amount shall
be excluded from all calculations hereunder, including any calculation of Net Working Capital at Closing

 

		(g)	The
                                         definition of “Purchaser Shareholder Approval” on Exhibit A of the Original
                                         Agreement is hereby amended and restated in its entirety to provide as follow:

 

“Purchaser
Shareholder Approval” means the approval of the issuance of the Third Payment by the requisite vote of shareholders
of Purchaser, if needed in accordance with the DGCL, Nasdaq Stock Market Rules, Purchaser’s Governing Documents, and SEC
proxy rules.

 

    3 

     

    

 

		(h)	The
                                         definitions of “First Payment Condition”, “First Contingent Payment”,
                                         “Second Payment Condition”, “Second Contingent Payment”, “Third
                                         Payment Condition” and “Third Contingent Payment” are hereby deleted
                                         from the Original Agreement.

 

		(i)	A
                                         reference to the definition of “Third Payment” is hereby added to the Original
                                         Agreement, with such term to be as defined in Section 1.2(b) (as amended herein).

 

		(j)	The
                                         reference to the definition of “Consideration” is hereby amended to be a
                                         reference to Section 1.2(b) (as amended herein).

 

		(k)	The
                                         reference to the definition of “Pro Rata Share” is hereby amended to be a
                                         reference to Section 1.2(c) (as amended herein).

 

		2.	Miscellaneous.

 

		(a)	Defined
                                         terms used herein without definition shall have the meaning given to them in the Original
                                         Agreement.

 

		(b)	This
                                         Amendment and the rights and obligations of the parties hereto shall be governed by and
                                         construed and enforced in accordance with the laws of the State of Delaware without application
                                         of the conflicts of laws provisions thereof.

 

		(c)	This
                                         Amendment shall be deemed part of, but shall take precedence over and supersede any provisions
                                         to the contrary contained in the Original Agreement. Except as specifically modified
                                         hereby, all of the provisions of the Original Agreement, which are not in conflict with
                                         the terms of this Amendment, shall remain in full force and effect.

 

		(d)	This
                                         Amendment may be executed in any number of counterparts and by the parties in separate
                                         counterparts, each of which when so executed shall be deemed to be an original and all
                                         of which taken together shall constitute one and the same agreement. A signed copy of
                                         this Amendment delivered by facsimile, e-mail or other means of electronic transmission
                                         shall be deemed to have the same legal effect as delivery of an original signed copy
                                         of this Amendment.

 

[Signatures
appear on following page]

 

    4 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective officers hereunto
duly authorized on the date first above written.

 

	 	SMAAASH
    ENTERTAINMENT INC.
	 	 	 
	 	By:	/s/
    F. JACOB CHERIAN
	 	 	Name:
    F. JACOB CHERIAN
	 	 	Title:   Chief
    Executive Officer
	 	 	 
	 	The
    Company:
	 	 	 
	 	SIMPLICITY
    ESPORTS, LLC
	 	 	 
	 	By:	/s/
    Jed Kaplan 
	 	Name:
    Jed Kaplan
	 	Title:
    Manager
	 	 	 
	 	Owners’
    Representative:
	 	 	/s/
    Jed Kaplan 
	 	Name:
    Jed Kaplan

 

    5Exhibit 10.2

 

VOTING
AGREEMENT

 

This
Voting Agreement (this “Agreement”) is entered
into as of December 31, 2018 by and among SMAAASH ENTERTAINMENT INC., a Delaware corporation (“Purchaser”)
and the parties listed as stockholders on the signature pages hereto (the “Stockholders”). Purchaser
and the Stockholders are sometimes referred to as a “Party” and collectively as the “Parties”.

 

WHEREAS,
as of the date hereof, each of the Stockholders “beneficially owns” (as such term is defined in Rule 13d-3 promulgated
under the Securities Exchange Act of 1934, as amended) and is entitled to dispose of (or to direct the disposition of) and to
vote (or to direct the voting of) the number of shares of common stock, par value $0.0001 per share (the “Common Stock”),
of Purchaser, set forth opposite the Stockholder’s name on Schedule I hereto (such shares of Common Stock, together with
any other shares of Common Stock the voting power over which is acquired by Stockholder during the period from and including the
date hereof through and including the date on which this Agreement is terminated in accordance with its terms (such period, the
“Voting Period”), are collectively referred to herein as the “Subject Shares”);

 

WHEREAS,
Purchaser has entered into that certain Share Exchange Agreement, dated as of December 21, 2018 (as amended by Amendment No. 1
to Share Exchange Agreement dated December 28, 2018 and Amendment No. 2 to Share Exchange Agreement dated December 30, 2018, the
“Share Exchange Agreement”) by and between Purchaser, Simplicity Esports, LLC, a Florida limited liability
company (the “Company”), each of the equity holders of the Company (the “Company Owners”)
and Jed Kaplan, as the representative for the Company Owners, whereby Purchaser agreed to issue to the Company Owners (i) 300,000
shares of Common Stock of Purchaser at consummation of the sale of all the equity interests in the Company to Purchaser (such
shares, the “Closing Consideration), (ii) 700,000 shares of Common Stock of Purchaser on January 7, 2019 and
(iii) 2,000,000 shares of Common Stock of Purchaser upon receipt of the Purchaser Shareholder Approval (as defined in the Share
Exchange Agreement) (any or all shares referenced in clauses (i), (ii) and (iii) are collectively referred to herein as the “Consideration”)
(such transactions, the “Share Exchange”);

 

WHEREAS,
Purchaser has acquired all of the equity interests of the Company upon issuance of the Closing Consideration as set forth in the
Share Exchange Agreement;

 

WHEREAS,
the obligation of Purchaser to issue a portion of the Consideration at any time due is subject to Purchaser’s receipt of
the approval by the requisite number of its stockholders in accordance with the Delaware General Corporation Law, Nasdaq Stock
Market Rules, Purchaser’s Governing Documents, and SEC proxy rules (“Purchaser Shareholder Approval”);
and

 

WHEREAS,
as a condition to the Company Owners selling all equity interests of the Company to Purchaser the Parties are entering into this
Agreement.

 

NOW, THEREFORE, in consideration of the premises set forth above and promises and covenants contained herein
and intending to be legally bound hereby, the Parties agree as follows:

 

ARTICLE
I

DEFINITIONS 

 

Section 1.1
Capitalized Terms. For purposes of this Agreement, capitalized terms used and not defined herein shall have the respective
meanings ascribed to them in the Share Exchange Agreement. 

 

    1 

     

    

 

ARTICLE
II

VOTING AGREEMENT

 

Section 2.1
Agreement to Vote the Subject Shares. Each Stockholder hereby unconditionally and irrevocably agrees that, during the Voting
Period, at any duly called meeting of the stockholders of Purchaser (or any adjournment or postponement thereof), and in any action
by written consent of the stockholders of Purchaser requested by Purchaser’s board of directors (the “Board”),
such Stockholder shall, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause his Subject Shares
to be counted as present at the meeting for purposes of establishing a quorum, and he shall vote or consent (or cause to be voted
or consented), in person or by proxy, all of his Subject Shares in favor of Share Exchange and issuance of the Consideration
(and any actions required in furtherance thereof). Each of the Stockholders agrees not to, and shall cause its Affiliates not
to, enter into any agreement, commitment or arrangement with any person the effect of which would be inconsistent with or in violation
of the provisions and agreements contained in this Article II.

 

Section 2.2
No Obligation as Director or Officer. Nothing in this Agreement shall be construed to impose any obligation or limitation
on votes or actions taken by any person in his capacity as a director or officer of Purchaser.

 

ARTICLE
III

COVENANTS 

 

Section 3.1
Generally.

 

(a)
Each Stockholder agrees that during the Voting Period he shall not, and shall cause his Affiliates not to, without Purchaser’s
prior written consent, (i) offer for sale, sell (including short sales), transfer, tender, pledge, encumber, assign or otherwise
dispose of (including by gift) (each, a “Transfer”), or enter into any contract, option, derivative,
hedging or other agreement or arrangement or understanding (including any profit-sharing arrangement) with respect to, or consent
to, a Transfer of, any or all of the Subject Shares; (ii) grant any proxies or powers of attorney with respect to any or
all of the Subject Shares; (iii) except for this Agreement, permit to exist any lien of any nature whatsoever with respect
to any or all of the Subject Shares; or (iv) take any action that would have the effect of preventing, impeding, interfering
with or adversely affecting Stockholder’s ability to perform its obligations under this Agreement.

 

(b)
In the event of a stock dividend or distribution, or any change in the Common Stock by reason of any stock dividend or distribution,
split-up, recapitalization, combination, conversion, exchange of shares or the like, the term “Subject Shares” shall
be deemed to refer to and include the Subject Shares as well as all such stock dividends and distributions and any securities
into which or for which any or all of the Subject Shares may be changed or exchanged or which are received in such transaction.
Each of the Stockholders agrees, while this Agreement is in effect, to notify Purchaser promptly in writing (including by e-mail)
of the number of additional shares of Common Stock acquired by each Stockholder, if any, after the date hereof.

 

(c)
Each of the Stockholders agrees, while this Agreement is in effect, not to take or agree or commit to take any action that would
make any representation and warranty of such Stockholder contained in this Agreement inaccurate in any material respect. Each
of the Stockholders further agrees that it shall cooperate with Purchaser to effect the issue of any portion of the Consideration
required to be delivered to the Company Owners. 

 

    2 

     

    

 

Section 3.2.
Publicity. The Stockholders shall not issue any press release or otherwise make any public statements with respect to the
transactions contemplated herein without the prior written approval of Purchaser other than as may be required by law or applicable
order of a Governmental Authority. Each of the Stockholders hereby authorizes Purchaser to publish and disclose in any announcement
or disclosure required by the SEC or Nasdaq such Stockholder’s identity and ownership of the Subject Shares and the nature
of such Stockholder’s commitments and agreements under this Agreement.

 

ARTICLE
IV

REPRESENTATIONS
AND WARRANTIES OF STOCKHOLDERS

 

Each
of the Stockholders hereby represents and warrants to Purchaser as follows:

 

Section 4.1
Binding Agreement. Stockholder (a) if a natural person, is of legal age to execute this Agreement and is legally competent
to do so, and (b) if not a natural person, (i) is an entity duly organized and validly existing under the laws of the
jurisdiction of its organization and (ii) has all necessary power and authority to execute and deliver this Agreement and
to perform its obligations under this Agreement. The execution and delivery of this Agreement and the performance of its obligations
under this Agreement has been duly authorized by all necessary action on the part of the Stockholder. This Agreement, assuming
due authorization, execution and delivery of this Agreement by Purchaser and the other Stockholders, constitutes a legal, valid
and binding obligation of Stockholder, enforceable against the Stockholder in accordance with its terms except as such enforceability
may be limited by the Enforceability Exceptions.

 

Section 4.2
Ownership of Shares. Schedule I sets forth opposite each Stockholder’s name the number of shares of Common Stock
over which such Stockholder has beneficial ownership as of the date of this Agreement. As of the date of this Agreement, Stockholder
is the lawful owner of the shares of Common Stock denoted as being owned by the Stockholder on Schedule I and has the sole power
to vote or cause to be voted his shares of Common Stock. The Stockholder has good and valid title to the Common Stock denoted
as being owned by the Stockholder on Schedule I, free and clear of any and all pledges, mortgages, encumbrances, charges, proxies,
voting agreements, liens, adverse claims, options, security interests and demands of any nature or kind whatsoever, other than
this Agreement, and those imposed by applicable law, including federal and state securities laws. Except for the equity securities
of Purchaser set forth on Schedule I, on date of this Agreement, the Stockholder is not a beneficial owner or record holder of
any (i) equity securities of Purchaser, (ii) securities of Purchaser having the right to vote on any matters on which
the holders of equity securities of Purchaser may vote or which are convertible into or exchangeable for, at any time, equity
securities of Purchaser, or (iii) (other than such options or rights granted pursuant to Purchaser’s 2018 Equity Incentive
Plan) options or other rights to acquire from the Purchaser any equity securities or securities convertible into or exchangeable
for equity securities of the Purchaser.

 

Section 4.3 No Conflicts.

 

(a)
No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other
person is necessary (except for any filing that has already been filed or notification that has already been made or consent,
approval, authorization or permit that has already obtained) for the execution and delivery of this Agreement by the Stockholder
and the performance by Stockholder of his obligations under this Agreement.

 

(b)
None of the execution and delivery of this Agreement by the Stockholder, the performance by the Stockholder of his obligations
under this Agreement or compliance by the Stockholder with any of the provisions of this Agreement shall (i) conflict with
or result in any breach of the organizational documents of the Stockholder, if any, (ii) result in, or give rise to, a violation
or breach of or a default under any terms of any material contract, understanding, agreement or other instrument or obligation
to which the Stockholder is a party or by which the Stockholder is bound or any of his Subject Shares may be bound, or (iii) violate
any order, writ, injunction, decree, law, statute, rule or regulation of any Governmental Authority.

 

    3 

     

    

 

Section 4.4
Reliance by Purchaser. Stockholder understands and acknowledges that Purchaser is consummating the Share Exchange in reliance
upon the execution and delivery of this Agreement by the Stockholders.

 

Section 4.5
No Inconsistent Agreements. Such Stockholder, (a) has not entered nor will he enter into at any time while this Agreement
remains in effect any voting agreement or voting trust with respect to voting of such Stockholder’s Subject Shares or agreement
that would be inconsistent with the agreements contained in Article II of this Agreement, (b) has not granted nor will grant
at any time while this Agreement remains in effect a proxy, a consent or power of attorney with respect to his Subject Shares
and (c) has not entered into any agreement or knowingly taken any action nor will enter into any agreement or knowingly take
any action that would make any representation or warranty of Stockholder untrue or incorrect in any material respect or have the
effect of preventing such Stockholder from performing any of its obligations under this Agreement.

 

ARTICLE
V

REPRESENTATIONS AND WARRANTIES OF PURCHASER

 

Purchaser
hereby represents and warrants to the Stockholders as follows:

 

Section 5.1
Binding Agreement. Purchaser is a corporation, duly organized and validly existing under the laws of the State of Delaware.
Purchaser has all necessary corporate power and authority to execute and deliver this Agreement and perform its obligations hereunder.
The execution and delivery of this Agreement and the performance of its obligations contemplated hereby have been duly authorized
by all necessary corporate actions on the part of Purchaser. This Agreement, assuming due authorization, execution and delivery
hereof by the Stockholders, constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance
with its terms except as such enforceability may be limited by the Enforceability Exceptions.

 

Section 5.2
No Conflicts.

 

(a)
No filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other
person is necessary for the execution of this Agreement by Purchaser and the performance by Purchaser of its obligations under
this Agreement.

 

(b)
None of the execution and delivery of this Agreement by Purchaser, the performance of Purchaser’s obligations or compliance
with any of the provisions this Agreement shall (i) conflict with or result in any breach of the organizational documents
of Purchaser, (ii) result in, or give rise to, a violation or breach of or a default under any of the terms of any material
contract, understanding, agreement or other instrument or obligation of Purchaser by which Purchaser or any of its assets may
be bound, or (iii) violate any applicable order, writ, injunction, decree, law, statute, rule or regulation applicable to
Purchaser, except for any of the foregoing as would not reasonably be expected to impair Purchaser’s ability to perform
its obligations under this Agreement in any material respect.

 

    4 

     

    

 

ARTICLE
VI

TERMINATION

 

Section 6.1
Termination. This Agreement shall automatically terminate, and none of Purchaser or the Stockholders shall have any rights
or obligations hereunder and this Agreement shall become null and void and have no effect, upon the earliest to occur of (a) as
to each Stockholder, the mutual written consent of Purchaser and such Stockholder, (b) the date upon which the entire amount
of Consideration has been paid pursuant to the Share Exchange Agreement (upon satisfaction of the conditions to payment of each
portion of the Consideration thereunder), and (c) the date upon which Purchaser Shareholder Approval has been received or is no
longer needed by Purchaser to issue the Consideration. The termination of this Agreement shall not prevent any Party hereunder
from seeking any remedies (at law or in equity) against another Party hereto or relieve such Party from liability for such Party’s
breach of any terms of this Agreement prior to such termination.

 

ARTICLE
VII

MISCELLANEOUS

 

Section 7.1
Further Assurances. From time to time, at the other Party’s request and without further consideration, each Party
shall execute and deliver such additional documents and take all such further action as may be reasonably necessary or desirable
to give effect to this Agreement.

 

Section 7.2
Fees and Expenses. Each of the Parties shall be responsible for its own fees and expenses (including, without limitation,
the fees and expenses of investment bankers, accountants and counsel) in connection with entering into this Agreement and the
performance of its obligations hereunder.

 

Section 7.3
Amendments, Waivers, etc. This Agreement may not be amended, changed, supplemented, waived or otherwise modified, except
upon the execution and delivery of a written agreement executed by each of the Parties hereto. The failure of any Party to exercise
any right, power or remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist
upon compliance by any other Party with its obligations under this Agreement, and any custom or practice of the Parties at variance
with the terms hereof shall not constitute a waiver by such party of its right to exercise any such or other right, power or remedy
or to demand such compliance.

 

Section 7.4
Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given
(and shall be deemed to have been duly given upon receipt) by delivery in person, by facsimile or by registered or certified mail
(postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for
a Party as shall be specified by notice):

 

	(a)   
If to Purchaser, to: 

                    Smaaash
Entertainment Inc.

1345 Avenue of the Americas, 15th Floor

New York, New York 10105

Attention: F. Jacob Cherian

                    Email:
fjc@i-amcapital.com
	With
a copy to (which shall not constitute notice): 

         

        Ellenoff
        Grossman & Schole LLP

        1345 Avenue of the Americas, 11th Floor

        New York, New York 10105

        Attention: Barry Grossman, Esq.

        Telephone No.: (212) 370-1300

        Email: bigrossman@egsllp.com

         

	(b)   If to any of the Stockholders, to: the address set forth for the Stockholder on Purchaser’s records.
	 	 	 	 

 

    5 

     

    

 

Section 7.5
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

 

Section 7.6
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any
rule of law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and
effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse
to Purchaser. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the
Parties shall negotiate in good faith to modify this Agreement to effect the original intent of the Parties as closely as possible
in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible. 

 

Section 7.7
Entire Agreement; Assignment. This Agreement (together with the Share Exchange Agreement, to the extent referred to herein,
and the schedules to this Agreement) constitutes the entire agreement among the parties with respect to the subject matter hereof
and supersedes all prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to
the subject matter of this Agreement. The rights and obligations of each Party under this Agreement shall not be assigned by operation
of law or otherwise without the prior written consent of each other Party.

 

Section 7.8
Certificates. Promptly following the date of this Agreement, each Stockholder shall advise Purchaser’s transfer agent
in writing that such Stockholder’s Subject Securities are subject to the restrictions set forth in this Agreement and provide
Purchaser’s transfer agent with such information in writing as is reasonable to ensure compliance with such restrictions.

 

Section 7.9
Parties in Interest. This Agreement shall be binding upon and inure to the sole benefit of each Party, and nothing in this
Agreement, express or implied, is intended to or shall confer upon any other person any rights, benefits or remedies of any nature
whatsoever.

 

Section 7.10
Interpretation. When reference is made in this Agreement to a Section, such reference shall be to a Section of this Agreement
unless otherwise indicated. Whenever the words “include”, “includes” or “including” are used
in this Agreement, they shall be deemed to be followed by the words “without limitation.” The words “hereof,”
“herein,” “hereby” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The word “or” shall
not be exclusive. Whenever used in this Agreement, any noun or pronoun shall be deemed to include the plural as well as the singular
and to cover all genders. This Agreement shall be construed without regard to any presumption or rule requiring interpretation
against the Party drafting or causing any instrument to be drafted.

 

Section 7.11
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware,
without regard to the conflicts law principles thereof. 

 

Section 7.12
Specific Performance; Jurisdiction. The Parties agree that irreparable damage would occur in the event that any of the
provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly
agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement in any state or federal court located in New York, New York (or in any
court in which appeal from such courts may be taken) or, if under applicable law exclusive jurisdiction over such matter is vested
in the federal courts, any court of the United States located in New York, New York (or any court in which appeal from such courts
may be taken), this being in addition to any other remedy to which the Party is entitled at law or in equity. In addition, each
Party (a) consents to submit itself to the personal jurisdiction of any state or federal court located in New York, New York
(or any court in which appeal from such courts may be taken) in the event any dispute arises out of this Agreement, (b) agrees
that it will not contest jurisdiction from any such court, (c) agrees that it will not bring any action relating to this
Agreement in any court other than state or federal courts located in New York, New York or, if under applicable law exclusive
jurisdiction over such matter is vested in the federal courts, any court of the United States located in New York, New York (or
any court in which appeal from such courts may be taken) and (d) consents to service being made through the notice procedures
set forth in Section 7.4. Each of the Stockholders and Purchaser hereby agrees that service of any process, summons,
notice or document by U.S. registered mail to the respective addresses set forth in Section 7.4 shall be effective
service of process for any proceeding in connection with this Agreement.

 

    6 

     

    

 

Section 7.13
Counterparts. This Agreement may be executed in counterparts (including by facsimile or pdf or other electronic document
transmission), each of which when executed shall be deemed to be a copy but all of which taken together shall constitute one and
the same Agreement.

 

Section 7.14
No Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between the Stockholders
and Purchaser and is not intended to create, and does not create, any agency, partnership, joint venture or any like relationship
between or among the parties hereto. Each of the Stockholders (a) is entering into this Agreement solely on its own behalf
and shall not have any obligation to perform on behalf of any other holder of Common Stock or any liability (regardless of the
legal theory advanced) for any breach of this Agreement by any other holder of Common Stock and (b) by entering into this
Agreement does not intend to form a “group” for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar
provision of applicable law. Each Stockholder has acted independently regarding its decision to enter into this Agreement. Nothing
contained in this Agreement shall be deemed to vest in Purchaser any direct or indirect ownership or incidence of ownership of
or in any Subject Shares.

 

[Execution
pages follow]

 

    7 

     

    

 

IN
WITNESS WHEREOF, Purchaser and the Stockholders have caused this Agreement to be duly executed as of the day and year first above
written.

 

	 	SMAAASH ENTERTAINMENT INC.
	 	 
	 	By:	/s/
    F. JACOB CHERIAN
	 	 	Name: F. JACOB
    CHERIAN
	 	 	Title:   Chief Executive Officer
	 	 
	 	THE STOCKHOLDERS:
	 	 
	 	/s/
    F. JACOB CHERIAN
	 	F. JACOB CHERIAN
	 	 
	 	/s/
    SUHEL KANUGA
	 	SUHEL KANUGA
	 	 
	 	/s/
    DONALD R. CALDWELL
	 	DONALD R. CALDWELL
	 	 
	 	/s/
    MAX HOOPER
	 	MAX HOOPER
	 	 
	 	/s/
    FRANK LEAVY
	 	FRANK LEAVY
	 	 
	 	/s/
    EDWARD LEONARD JAROSKI
	 	EDWARD LEONARD JAROSKI
	 	 
	 	/s/
    WILLIAM H. HERRMANN, JR.
	 	WILLIAM H. HERRMANN, JR.
	 	 
	 	/s/
    ROMAN FRANKLIN
	 	ROMAN FRANKLIN

 

[Signature
Page to Voting Agreement]

 

     

     

    

 

	 	/s/
    JED KAPLAN 
	 	JED KAPLAN
	 	 
	 	/s/ STEVE GROSSMAN
	 	STEVE GROSSMAN

 

[Signature
Page to Voting Agreement]

 

     

     

    

 

SCHEDULE
I

 

Beneficial
Ownership of Securities

	 	 	 	 	 	 	 
	Stockholder	 	Number of
 Shares of
 Common Stock	 	 	 	Number of

Warrants	 
	F. Jacob Cherian	 	 	307,286	 	 	 	 	 
	Suhel Kanuga	 	 	307,287	 	 	 	 	 
	Donald R. Caldwell	 	 	77,000	 	 	 	20,000	 
	Max Hooper	 	 	19,500	 	 	 	10,000	 
	Frank Leavy	 	 	20,125	 	 	 	7,500	 
	Edward Leonard Jaroski	 	 	18,500	 	 	 	10,000	 
	William H. Herrmann, Jr	 	 	18,500	 	 	 	10,000	 
	Roman Franklin	 	 	100,000	 	 	 	 	 

 

[Schedule
I to Voting Agreement]

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