Document:

Exhibit 10.2

 

TRADEMARK AND DOMAIN NAME ASSIGNMENT

 

This
TRADEMARK AND DOMAIN NAME ASSIGNMENT (this “Assignment”), effective as of May 5, 2017 (“Effective
Date”), is entered into by and between Wantickets RDM, LLC, a Delaware limited liability company (“Assignor”),
and LiveXLive Tickets, Inc., a Delaware corporation (“Assignee”). As used in this Assignment, Assignor and Assignee
shall collectively be referred to as “the parties.”

 

WHEREAS, Assignor, Assignee and
the parties thereto entered into an Asset Purchase Agreement concurrently herewith (“Purchase Agreement”), pursuant
to which Assignor irrevocably sold, conveyed, assigned, transferred and delivered to Assignee all of Assignor’s rights, title
and interests in and to the “Purchased Assets” as that term is defined in the Purchase Agreement (unless specified
otherwise herein, all defined terms used in this Assignment shall have the same definition and meaning as set forth in the Purchase
Agreement); and

 

WHEREAS, the parties desire to confirm
Assignor’s assignment to Assignee of the Intellectual Property included in the Purchased Assets (as defined in the Section
3.13 of the Purchase Agreement) to facilitate Assignee’s ability to record and fully exploit its rights, title and interests
therein.

 

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

 

1.          Assignor
confirms that, under the Purchase Agreement and as of the Effective Date, it irrevocably sold, conveyed, assigned, transferred
and delivered to Assignee all of Assignor’s worldwide rights, title, and interests in and to the Intellectual Property, and
that the Intellectual Property included, but was not limited to:

 

a.           the
“Trademarks” which collectively refers to all foreign and United States (federal and state) trade names, trademarks,
service marks, and trade dress, including any registrations and applications to register or renew the registrations of any of the
foregoing, common law rights, trademark and service mark registrations and trademark and service mark applications owned or used
by Assignor as of the Effective Date in connection with the Business, as shown in Exhibit A attached hereto, and all goodwill
associated with any of the foregoing;

 

b.           the
“Domain Names” which collectively refers to any alphanumeric designation registered with or assigned by a domain
name registrar, registry or domain name registration authority as part of an electronic address on the Internet, owned, leased,
licensed or used by Assignor as of the Effective Date in connection with the Business, as shown in Exhibit B attached hereto.
A Domain Name may or may not also be a Trademark; and

 

c.           the
right to sue for past, present and future acts of trademark and other infringement of the Intellectual Property, and to collect
the same for Assignee’s own account and use.

 

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2.          Assignor
agrees that, without further consideration, it will perform such other lawful acts, and execute such other lawful documents, as
Assignee and its successors and assigns may, from time to time, reasonably request to effect fully the intent of this Assignment,
provided that all reasonable costs associated with such action shall be borne by Assignee. If Assignor fails timely to, refuses
to, or, despite Assignee’s reasonable efforts, cannot be located to, execute such documents, Assignor hereby irrevocably
designates and appoints Assignee and its duly authorized officers and agents as Assignor’s agents and attorneys-in-fact to
act for and on Assignor’s behalf solely to take such actions and execute such documents with the same legal force and effect
as if executed by Assignor, solely to vest or perfect the aforesaid rights more effectively in Assignee.

 

3.          After
the Effective Date, Assignor agrees to make no further use of the Trademarks or any mark confusingly similar thereto or the Domain
Names or any domain name confusingly similar thereto, anywhere in the world, except as may be authorized by Assignee in writing;
provided, however, that Assignor may continue to use its corporate name to the extent necessary to conduct its affairs relating
to Excluded Assets and Excluded Liabilities after the Effective Date. Assignor further agrees not to challenge Assignee’s
use or ownership, or the validity, of the Trademarks, Domain Names and other Intellectual Property.

 

4.          This
Assignment shall be binding upon and shall inure to the benefit of Assignor and Assignee and each party’s respective successors
and assigns.

 

5.          This
Assignment, including Exhibits A and B hereto, the Purchase Agreement and the other agreements contemplated therein constitute
the entire agreement of the parties hereto with regard to the subject matter hereof. No modifications of or additions to this Assignment
shall have effect unless in writing and properly executed by both parties, making specific reference to this Assignment by date,
parties and subject matter.

 

6.          The
parties acknowledge and agree that: (i) this Assignment shall be construed and interpreted pursuant to the laws of the State of
New York in the United States of America without consideration to any conflict or choice of law provisions or principles; (ii)
any claim, demand, action, lawsuit or other proceeding arising from, or related to, this Assignment and/or its subject matter shall
be brought and determined solely in a state or federal court sitting in the County of New York in the State of New York; and (iii)
each party expressly consists to the jurisdiction of the foregoing court.

 

7.          This
Assignment may be executed in any number of counterparts, each of which shall be an original, but all of which taken together shall
constitute one and the same agreement. Delivery of an executed counterpart of this Assignment by facsimile or other electronic
method of transmission shall have the same force and effect as the delivery of an original executed counterpart of this Assignment.
Any party delivering an executed counterpart of this Assignment by facsimile or other electronic method of transmission shall also
deliver an original executed counterpart, but the failure to do so shall not affect the validity, enforceability or binding effect
of this Assignment.

 

[Signatures on Next Page]

 

    	Trademark and Domain Name Assignment
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IN WITNESS WHEREOF, the parties have duly executed and
delivered this Assignment, effective as of the Effective Date.

 

	 	Assignor:
	 	 
	 	Wantickets RDM, LLC, a Delaware limited liability company
	 	 
	 	By: 	/s/ Joseph Schnaier
	 	Name:	Joseph Schnaier
	 	Title:	President and CEO
	 	 
	 	Assignee:
	 	 
	 	LiveXLive Tickets, Inc., a Delaware corporation
	 	 
	 	By: 	/s/ Robert S. Ellin
	 	Name: 	Robert S. Ellin
	 	Title: 	Executive Chairman

 

    	Trademark and Domain Name Assignment
	 3 of 3Exhibit 10.3

 

Agreement

 

This Agreement (this
“Agreement”) is made and entered into effective as of May 5, 2017 (the “Effective Date”)
by and among Joseph Schnaier, an individual (“Schnaier”), LiveXLive Tickets, Inc., a Delaware corporation (“Buyer”)
and Loton, Corp, a Nevada corporation and the parent company of Buyer (“Loton”).  Schnaier, Buyer and
Loton are each referred to herein as a “Party” and together as the “Parties”

 

WHEREAS, pursuant to
the terms of that certain Asset Purchase Agreement, dated as of even date herewith, by and among Schnaier, Buyer, Loton and certain
other parties as set forth therein (the “Purchase Agreement”), Schnaier has agreed to pay for certain net losses
of the Business (capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms
in the Purchase Agreement); and

 

WHEREAS, as a further
inducement to Schnaier to enter into the Purchase Agreement, Buyer and Loton have agreed to repay to Schnaier certain amounts that
he pays pursuant to the terms of Section 7.4 of the Purchase Agreement, all as further set forth in this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants and conditions contained herein, the Parties hereby agree as follows:

 

1.          Repayment
of Funds.

 

(a)          Pursuant
to the terms of Section 7.4 of the Purchase Agreement, Schnaier has agreed to pay for all of Buyer’s net losses of the Business
for each calendar month (or pro rata portion thereof), until the earlier of (a) such time as Loton’s Registration Statement
on Form S-1 for its underwritten public offering of Loton Common Stock (the “Public Offering”) becomes effective
and the Public Offering closes or (b) the twelve (12) month anniversary of this Agreement (such earlier date as between clause
(a) and (b), the “Funding End Date”). The Parties hereby agree to cooperate to keep a true and correct record
of the total amount that Schnaier has paid pursuant to the foregoing terms.

 

(b)          Buyer
and Loton hereby agree that all payments made by Schnaier pursuant to Section 7.4 of the Purchase Agreement shall be deemed to
be a loan by Schnaier to Buyer (the “Loaned Funds”). Buyer and Loton further agree to repay to Schnaier the
total amount of the Loaned Funds, by bank check or wire transfer of immediately available funds to such account as Schnaier may
instruct, within five (5) business days after the Funding End Date; provided that Buyer or Loton may prepay or repay in full the
Loaned Funds at any time prior to the Funding End Date without any penalty. The Loaned Funds shall not bear interest; provided,
however, that if the Loaned Funds are not repaid within five (5) business days after the Funding End Date, the Loaned Funds
will bear interest at the rate of 6% per annum from such date until the Loaned Funds are repaid in full.

 

2.          Further
Assurances. Each Party hereby agrees to perform any further acts and to execute and deliver any further documents that may
be necessary or required to carry out the intent and provisions of this Agreement and the transactions contemplated hereby.

 

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3.          Waiver;
Amendment. This Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof or thereof may be
waived, only by a written instrument signed by each of the Parties hereto or, in the case of a waiver, by the Party waiving compliance.
The failure of a Party to insist, in any one or more instances, upon performance of the terms or conditions of this Agreement shall
not be construed as a waiver or relinquishment of any right granted hereunder or of the future performance of any such term, covenant
or condition. No waiver on the part of any Party of any right, power or privilege, nor any single or partial exercise of any such
right, power or privilege, shall preclude any further exercise thereof or the exercise of any other such right, power or privilege.

 

4.          Agreement
Binding. This Agreement shall be binding upon and inure to the benefit of Buyer and Loton, and their respective successors,
legal representatives and assigns; and to the benefit of Schnaier and his heirs, executors, administrators and legal representatives.

 

5.          Governing
Law. This Agreement shall be interpreted and construed in accordance with the laws of the State of New York, without regard
to principles of conflicts of laws.

 

6.          Entire
Agreement. The Parties acknowledge and agree that this Agreement is being executed and delivered concurrently and in connection
with the execution of the Purchase Agreement. This Agreement, together with the Purchase Agreement and the other documents executed
in connection therewith, contains all the understandings and agreements among the Parties concerning matters set forth in this
Agreement. The terms of this Agreement supersede any and all prior statements, representations and agreements by or among Buyer,
Loton and Schnaier concerning the matters set forth in this Agreement.

 

7.          Counterparts.
This Agreement may be executed in one (1) or more counterparts, which when so executed shall constitute one (1) and the same agreement.
Facsimile or .pdf signatures attached to this Agreement shall be as valid and binding as original signatures. The headings herein
are for reference only and shall not affect the interpretation of this Agreement.

 

8.          Notices.
The Parties agree that the notice provisions set forth in Section 9.7 of the Purchase Agreement shall apply to this Agreement with
equal force and effect.

 

9.          Attorneys’
Fees. If any legal action or other proceeding is brought with regard to this Agreement, the prevailing party shall be entitled
to recover reasonable attorneys’ fees and other costs incurred in the action or proceeding, in addition to any other relief
to which the prevailing party may be entitled.

 

[Signature
Page Follows]

 

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

 

	 	LIVEXLIVE TICKETS, INC.
	 	 	 
	 	By:  	/s/ Robert S. Ellin
	 	Name: 	Robert S. Ellin
	 	Title:	Executive Chairman
	 	 	 
	 	LOTON, CORP
	 	 	 
	 	By:  	/s/ Robert S. Ellin
	 	Name: 	Robert S. Ellin
	 	Title:	Executive Chairman and President
	 	 	 
	 	JOSEPH SCHNAIER
	 	 	 
	 	/s/ Joseph Schnaier

 

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