UFC 2: No Way Out (later renamed UFC 2 or The Ultimate Fighting Championship 2) was a mixed martial arts (MMA) event held by the Ultimate Fighting Championship (UFC) on March 11, 1994, at Mammoth Gardens in Denver, Colorado. The tournament had no weight classes or weight limits. Matches had no time limit or rounds, therefore no judges were used. Competitors could only win a match by submission, by the opponent's corner throwing in the towel, or by knockout.

When old martial arts master Master Tak disappears, his best student, Jet, steps in to find him. However, when he learns that Tak's life is in danger, he decides to protect him at all costs.