SEC Contract Filing

Filing Date: 2019-07-19

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Exhibit
10.1</U></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FIRST
AMENDMENT TO SPONSORSHIP AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
First Amendment to Sponsorship Agreement is made effective as of July 12, 2019 (this &ldquo;<B><U>Amendment</U></B>&rdquo;), by
and between Jacksonville Jaguars, LLC, a Delaware limited liability company (<FONT STYLE="font-weight: normal">&ldquo;</FONT><B><U>Club</U></B><FONT STYLE="font-weight: normal">&rdquo;</FONT><B>),
</B>and ARC Group, Inc., a Nevada corporation (owner and operator of Dick&rsquo;s Wings and Grill) (&ldquo;<B><U>Sponsor</U></B>&rdquo;,
and together with Club, the &ldquo;<B><U>Parties</U></B>&rdquo;, and each, a &ldquo;<B><U>Party</U></B>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
The Parties have entered into the Sponsorship Agreement dated as of November 27, 2017 (as amended, supplemented, or otherwise
modified from time to time, the &ldquo;<B><U>Existing Agreement</U></B>&rdquo;). Pursuant to the Existing Agreement, Club grants
Sponsor certain sponsorship inventory.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
Club and Sponsor desire to amend the Existing Agreement to modify its terms.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">NOW,
THEREFORE, in consideration of the promises set forth above and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<U>Definitions</U>. Capitalized terms used and not defined in this Amendment have the respective meanings assigned to them in
the Existing Agreement. All references in the Existing Agreement or any other document to &ldquo;the Agreement&rdquo; or otherwise
to the Existing Agreement shall mean the Existing Agreement as amended hereby.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<U>Amendment to Section 1</U>. <U>Section 1</U> of the Existing Agreement shall be deleted in its entirety and replaced with the
following:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in 0 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;1.
<B><U>Term of Agreement</U></B>. This Agreement shall be binding on the parties hereto as of the Execution Date. The term of this
Agreement (the &ldquo;<U>Term</U>&rdquo;) shall be deemed to have commenced as of April 1, 2018 (the &ldquo;<U>Effective Date</U>&rdquo;)
and shall expire upon the later of: (a) the conclusion of the 2028/29 NFL season and (b) the last day in February, 2029 (such
expiration date, the &ldquo;<U>Scheduled Expiration Date</U>&rdquo;), unless sooner terminated pursuant to the terms of this Agreement.&rdquo;</FONT></P>

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