SEC Contract Filing

Filing Date: 2018-12-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>tv509370_ex10-6.htm
<DESCRIPTION>EXHIBIT 10.6
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.6</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CERTIFICATE OF DESIGNATIONS, PREFERENCES
AND RIGHTS OF THE SERIES A CONVERTIBLE PREFERRED STOCK OF ALLIANCE MMA, INC. </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">I, John Price, hereby
certify that I am Chief Financial Officer and Principal Executive Officer of alliance MMA, Inc. (the &ldquo;<B>Company</B>&rdquo;),
a corporation organized and existing under the Delaware General Corporation Law (the &ldquo;<B>DGCL</B>&rdquo;), and further do
hereby certify:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">That pursuant to the
authority expressly conferred upon the Board of Directors of the Company (the &ldquo;<B>Board</B>&rdquo;) by the Company&rsquo;s
Certificate of Incorporation, as amended (the &ldquo;<B>Certificate of Incorporation</B>&rdquo;), the Board on November 30, 2018,
adopted the following resolutions creating a series of shares of Preferred Stock designated as Series A Convertible Preferred Stock,
none of which shares have been issued:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">RESOLVED, that the
Board designates the Series A Convertible Preferred Stock and the number of shares constituting such series, and fixes the rights,
powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the Certificate of Incorporation
as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>TERMS OF SERIES A CONVERTIBLE PREFERRED STOCK</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Designation
and Number of Shares</U>. There shall hereby be created and established a series of preferred stock of the Company designated as
&ldquo;Series A Convertible Preferred Stock&rdquo; (the &ldquo;<B>Preferred Shares</B>&rdquo;). The authorized number of Preferred
Shares shall be 900,000 shares. Each Preferred Share shall have $0.001 par value (the &ldquo;<B>Par Value</B>&rdquo;). Capitalized
terms not defined herein shall have the meaning as set forth in Section 23 below.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: justify; text-indent: 1in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Liquidation</U>.
Upon the liquidation, dissolution or winding up of the business of the Company, whether voluntary or involuntary, each holder of
Preferred Shares shall be entitled to receive, for each share thereof, out of assets of the Company legally available therefor,
a preferential amount in cash equal to $10.00 per share. All preferential amounts to be paid to the holders of Preferred Shares
in connection with such liquidation, dissolution or winding up shall be paid before the payment or setting apart for payment of
any amount for, or the distribution of any assets of the Company to the holders of any other class or series of capital stock whose
terms expressly provide that the holders of Preferred Shares should receive preferential payment with respect to such distribution
(to the extent of such preference) and (ii) the Common Stock. If upon any such distribution the assets of the Company shall be
insufficient to pay the holders of the Preferred Shares (or the holders of any class or series of capital stock ranking on a parity
with the Preferred Shares as to distributions in the event of a liquidation, dissolution or winding up of the Company) the full
amounts to which they shall be entitled, such holders shall share ratably in any distribution of assets in accordance with the
sums which would be payable on such distribution if all sums payable thereon were paid in full. Any distribution in connection
with the liquidation, dissolution or winding up of the Company, or any bankruptcy or insolvency proceeding, shall be made in cash
to the extent possible. Whenever any such distribution shall be paid in property other than cash, the value of such distribution
shall be the fair market value of such property as determined in good faith by the Board of Directors of the Company.</P>

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