Exhibit
10.1


 





EMPLOYEE
SERVICES AGREEMENT


 


This
Employee Services Agreement (this “Agreement”), effective as of September 1, 2021 (the “Effective Date”), is
entered into by and between ViaOne Services, LLC, a Texas limited liability company (“ViaOne”), and Good Gaming, Inc. (“Client”).


 


RECITALS:


 


WHEREAS,
Client is an independent online amateur and professional eSports tournaments operator that provides a safe, friendly, and competitive
environment for all gamers and promotes professional gaming with a healthy vision towards innovation and technology (“Client Business”);
and


 


WHEREAS,
ViaOne is in the business of providing certain outsourced accounting, finance, human resources, marketing, management, administrative,
inventory management and other related services (the “Employee Services”) to third parties; and


 


WHEREAS,
the parties originally entered into an Employee Services Agreement effective March 1, 2017, pursuant to which ViaOne has been providing
Employee Services to Client on a monthly basis, which agreement was amended on January 1, 2018 (the “Original Agreement”)
which shall terminate on August 31, 2021; and


 


WHEREAS,
the parties wish to allow the Original Agreement to expire and to enter into a new a Employee Services Agreement to replace and supersede
the Original Agreement pursuant to and in accordance with the terms and conditions as set forth herein;


 


NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, and on the terms and subject to the conditions herein set forth, the parties agree
as follows:


 


1. Engagement
by Client. Client hereby engages ViaOne, and ViaOne hereby accepts such engagement, to serve as Client’s provider of
Employee Services, as defined below. ViaOne shall have all necessary authority to perform, and hereby agrees to perform, the
Employee Services.


 


2. Independent
Contractors. ViaOne intends to act and perform as independent contractor under this Agreement, and the provisions hereof are not
intended to create any partnership, joint venture, agency or employment relationship between the parties. ViaOne shall not exercise
control or direction over the Client Business nor shall it interfere with the business and other relationships Client maintains with
its vendors, customers, employees and others.


 




    	 



    	 



    

 





 


3. Employee
Services. ViaOne shall provide or arrange for the provision to the Client of those certain Employee Services selected by the
Client as set forth on the Service Details attached hereto as Exhibit A. ViaOne is authorized to perform the Employee
Services hereunder as is necessary or appropriate for the efficient provision of such Employee Services to Client and to third
parties to whom ViaOne is providing similar services from time to time. Except as necessary to comply with applicable laws,
regulations or professional standards, Client will not act in a manner which would prevent ViaOne from performing its duties
hereunder and will provide such information and assistance to ViaOne as reasonably required by ViaOne to perform its Employee
Services hereunder. ViaOne shall cause its employees to comply with all applicable federal, state and local laws, rules and
regulations respecting the Employee Services.


 


4. Employees.


 


 a. ViaOne shall employ or retain all individuals who are to be employed or engaged in the provision of the Employee Services (the “Employee Services’ Employees”). The daily work, performance and activities of the Employee Services’ Employees shall be supervised by ViaOne. The Employee Services’ Employees shall be qualified to perform such duties and responsibilities as required by ViaOne and by applicable professional standards and federal, state, and local law, rules and regulations. ViaOne shall pay all wages, compensation, employee benefits, payroll taxes, worker’s compensation insurance premiums, unemployment insurance premiums and other costs of employment incurred in connection with the Employee Services’ Employees (the “Services Employees’ Expenses”).




 


b.
ViaOne also shall employ or retain all individuals who are to be engaged in daily business and operations of the Client Business (the
“Client Business Employees”) and shall hereby provide such Client Business Employees exclusively to the Client to perform
such daily business activities and other services in connection with the Client Business as required by the Client. The daily work, performance
and activities of the Client Business Employees shall be supervised by the Client. The Client Business Employees shall be qualified to
perform such duties and responsibilities as required by the Client any by applicable professional standards and federal, state, and local
law, rule and regulation. Notwithstanding that the Client Business Employees shall be exclusively assigned to and supervised by the Client,
ViaOne shall pay all wages, compensation, employee benefits, payroll taxes, worker’s compensation insurance premiums, unemployment
insurance premiums and other costs of employment incurred in connection with the Client Business Employees (the “Client Business
Employees Expenses”).


 


5.
Services Fee. In exchange for the Employee Services provided by ViaOne, Client shall pay ViaOne a monthly Management Fee as outlined
on the Service Schedule attached hereto as Exhibit A or as otherwise mutually agreed upon by Client and ViaOne from time to time. The
Management Fee shall be invoiced by ViaOne to Client on a monthly basis for Employee Services rendered in the prior month and shall be
payable by Client to ViaOne on or before the fifteenth (15th) day of each month. ViaOne shall have the right to convert its
Monthly Management Fee into Client’s Common Stock on the terms set forth in Exhibit A.


 




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6.
Confidential Information. ViaOne and Client acknowledge and agree that any and all Confidential Information, as hereinafter defined,
of either party communicated to, learned of, developed or otherwise acquired by the other party during the term of this Agreement is
and shall remain the property of the disclosing party. ViaOne and Client further acknowledge and agree that their use or disclosure of
the other party’s Confidential Information other than as provided in this Agreement will result in irreparable injury and damage
to such other party. Therefore, ViaOne and the Client agree, during the term of this Agreement and at all times thereafter, to hold in
strictest confidence and not to use for itself or for any other individual or entity, and not to disclose to any person, firm or corporation,
the Confidential Information of the other party without the prior written consent of such other party. Upon termination of this Agreement
for any reason, each party (a) shall cease all use of any of the other party’s Confidential Information, (b) shall execute such
documents as may be reasonably necessary to evidence their abandonment of any claim thereto, and (c) shall will promptly deliver or cause
to be delivered to the other party all documents, data and other information in their possession that contains any of such other party’s
Confidential Information. As used herein, “Confidential Information” means all trade secrets and other confidential and/or
proprietary information of either party, including information derived from reports, investigations, research, work in progress, codes,
marketing and sales programs, billing and collection information, financial projections, cost summaries, pricing formula, contract analyses,
financial information, and all other confidential concepts, methods of doing business, ideas, materials or information. The provisions
of this Section 6 shall survive the termination or expiration of this Agreement.


 


7.
Remedies. The parties acknowledge and agree that a remedy at law for any breach or attempted breach of the provisions of Sections
6 above shall be inadequate, and therefore, each party shall be entitled to injunctive or other equitable relief in the event of any
such breach or attempted breach by the other party in addition to any other rights or remedies available at law or in equity. Each party
waives any requirement for the securing or posting any bond in connection with obtaining any such injunctive or other equitable relief.
The provisions of this Section 7 shall survive the termination or expiration of this Agreement for any reason.


 


8.
Term of Agreement. This Agreement shall commence on the Effective Date and shall continue for a period of one (1) year. Thereafter,
the term of this Agreement shall automatically renew for successive terms of one (1) year each unless either party provides the other
party with at least ninety (90) days advance written notice of its intent to not renew the term of this Agreement. This Agreement may
be modified periodically as agreed upon by mutual agreement.


 




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9.
Termination. Either party may terminate this Agreement with or without cause upon ninety (90) days advance written notice to the
other party. In addition, one party may terminate this Agreement immediately upon written notice to the other party (after the giving
of any required notices and the expiration of any applicable waiting periods set forth below) upon the occurrence of any the following
events.


 


 a. The non-terminating party shall admit in writing its inability to generally pay its debts when due, apply for or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its assets, file a petition in bankruptcy or make an assignment for the benefit of creditors, or upon other action taken or suffered by the non-terminating party, voluntarily or involuntarily, under any federal or state law for the benefit of creditors, except for the filing of a petition in involuntary bankruptcy against the non-terminating party which is dismissed within ninety (90) days thereafter; or




 


b.
The non-terminating party shall default in the performance of any material duty or material obligation imposed upon it by this Agreement
and such default shall continue for a period of thirty (30) days after written notice thereof has been given to the non-terminating party
by the terminating party.


 


10.
Assignment. Neither party shall have the right to assign this Agreement or any of its rights or obligations hereunder without
the prior written consent of the other party.


 


11.
Amendments. This Agreement shall not be modified or amended except by a written document executed by all parties to this Agreement.


 


12.
Waiver. Any waiver of any terms and conditions hereof must be in writing, and signed by the parties hereto. The waiver of any
of the terms and conditions of this Agreement shall not be construed as a waiver of any other terms and conditions hereof.


 


13.
Entire Agreement. This Agreement constitutes the entire agreement of the parties regarding the subject matter hereof, and supersedes
all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.


 


14.
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws
effective during the term hereof, such provision shall be fully severable and this Agreement shall be construed and enforced as if such
illegal, invalid or unenforceable provision never comprised a part hereof; and the remaining provisions hereof shall remain in full force
and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance therefrom.


 




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15.
Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH THE SUBSTANTIVE LAWS (BUT NOT THE RULE GOVERNING CONFLICTS OF LAWS) OF THE STATE OF TEXAS.


 


16.
No Waiver; Remedies Cumulative. No party hereto shall by any act, delay, indulgence, omission or otherwise be deemed to have waived
any right or remedy hereunder or to have acquiesced in any default in or breach of any of the terms and conditions hereof. Neither failure
to exercise, nor any delay in exercising, on the part of any party hereto, any right, power or privilege hereunder shall operate as a
waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. No remedy set forth in this Agreement or otherwise conferred upon or
reserved to any party shall be considered exclusive of any other remedy available to any party, but the same shall be distinct, separate
and cumulative and may be exercised from time to time as often as occasion may arise or as may be deemed expedient.


 


17.
Notice. Whenever this Agreement requires or permits any notice, request, or demand from one party to another, the notice, request,
or demand must be in writing to be effective and shall be deemed to be delivered and received (i) if personally delivered or if delivered
by telex, telegram, facsimile or courier service, when actually received by the party to whom notice is sent or (ii) if delivered by
mail (whether actually received or not), at the close of business on the third business day next following the day when placed in the
mail, postage prepaid, certified or registered, addressed to the appropriate party or parties, at the address of such party set forth
next to their signatures below (or at such other address as such party may designate by written notice to all other parties in accordance
herewith).


 


18.
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument.


 




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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.


 


	Notice
    Addresses:
	 	 	 
	ViaOne:
    	ViaOne Services, LLC
	 	 	 
	415
    McFarlan Road, Suite 108	By:	/s/
    Domenic Fontana
	Kennett
    Square, PA 19348	Name:	Domenic
    Fontana
	 	Title:	SVP,
    Finance
	 	Date:	 
	 	 	 
	Client:	 	
	 	Good Gaming, Inc.
		 	 
	415
    McFarlan Road, Suite 108	By:	/s/
    David B. Dorwart
	Kennett
    Square, PA 19348	Name:	David
    B. Dorwart
	 	Title:	CEO
	 	Date:	 


 




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Exhibit
A - Service Schedule


 


Employee
Services Agreement Costs:


 


Services
to include:


 


		1.	HR/Payroll
                                            Services



 


		2.	Marketing
                                            & Advertising



 


		3.	Accounting/Finance



 


The
Monthly Management Fee due and payable to ViaOne is $42,000 per month which upon ViaOne’s written notice (“Conversion Notice”),
may be payable, in part or in full, by shares of Client’s Common Stock at the Conversion Rate as defined below.


 


The
Conversion Rate= Conversion Amount x Conversion Premium


 


Conversion
Price


 








“Conversion
Amount” means, with respect to the Management Fee, the dollar amount of the aggregate Management Fee that is being converted into
shares of the Client’s Common Stock.


 


“Conversion
Premium” means One Hundred Twenty-Five Percent (125%).


 


“Conversion
Price” means, with respect to Management Fee, eighty-five percent (100%) of the volume weighted average price (“VWAP”)
for the five (5) trading days immediately prior to the date of the notice of conversion, which price shall be indicated in the conversion
notice (in the form attached hereto as Exhibit B, the “Conversion Notice”)


 




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Exhibit
A - Service Details


 


Accounting/Finance
Detail Description:


 


Financial
Services


 


	 	●	Create
    a QuickBooks company file to house this information which is the property of the company
	 	●	Reconcile
    Bank Account(s) Activity monthly
	 	●	Crypto
    Account Balance Management and reconciliation
	 	●	Accounts
    Payable processing
	 	●	Payroll
    services will be paid appropriately at $1000/month plus the cost of a payroll provider like ADP and their respective reporting services
    and costs. Our fee is strictly for the processing of payroll.
	 	●	Payroll
    processing will not include annual 1099 reporting which will be an extra charge at year-end.
	 	●	Budgeting
    will be prepared annually and presented to management.
	 	●	A
    budgeting best view will be updated quarterly and provided/presented to management.
	 	●	This
    agreement does not include any tax reporting and/or preparation services.
	 	●	Assistance
    with Financial Statement audits will be provided on an ongoing basis as Via One will be the provider of data. Any non-Financial Statement
    audit work will be billed separately.
	 	●	Preparation
    of all public financial reporting requirements 10k, 10Q and any other reports as required by law.


 


Financial
Reporting


 


	 	●	Balance
    Sheet with all balance sheet accounts reconciled quarterly.
	 	●	Income
    Statement prepared monthly and in accordance with GAAP.
	 	●	Statement
    of Cash Flows (Printed by QuickBooks) monthly or as needed.
	 	●	Cashflow
    Forecasting updated weekly and always a minimum of 90 days forecasted out (90 days of current month-end) - This will be prepared
    via a shared document.


 


Monthly
Financial Statements


 


	 	●	Balance
    Sheet as of Month End
	 	●	MTD,
    QTD & YTD Income Statement
	 	●	MTD,
    QTD & YTD Statement of Cash Flows


 






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Year
End Financial Services


 


	 	●	YTD
    Balance Sheet
	 	●	YTD
    Income Statement
	 	●	YTD
    Statement of Owner’s Equity
	 	●	YTD
    Statement of Cash Flows


 


Marketing
& Advertising Detail Description:


 


Customer
Acquisition


 


	 	●	Online
    Acquisition Strategy Development
	 	●	Web
    Development & Design
	 	●	Social
    Media Management
	 	●	Content
    Writing
	 	●	Prospecting
    & List Services Research
	 	●	Automated
    Email & SMS Strategy
	 	●	Product
    Development Strategy
	 	●	Consumer
    Research & Study Groups
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Strategy
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Execution
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Analytics & Optimization
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Budget Development & Maintenance
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing KPI Development Customer


 


Retention


 


	 	●	Overall
    Retention Strategy & Execution
	 	●	Automated
    Email & SMS Messaging Strategy
	 	●	Billing
    & Payment Strategies
	 	●	Retention
    Promotion Strategies
	 	●	Customer
    Exit Interviews & Surveys 


 









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General
Marketing Services


 


	 	●	Ad
    Image/Voice Consistency & Standardization
	 	●	Consumer
    Targeting & Demographics
	 	●	Ad
    Related Graphic Design
	 	●	Ad
    Related Copywriting
	 	●	Ad
    & Web Analytics
	 	●	Partner
    / Vendor Management and Recruiting
	 	●	Partner
    & Affiliate Marketing Strategies
	 	●	Weekly
    Team Meeting
	 	●	Weekly
    1:1
	 	●	Monthly
    board meeting preparations/updates 
	 	 	 


Does
NOT Include:


 


	 	○	Royalty
    Free or Royalty Artwork/Graphics (Shutterstock, iStock, etc.)
	 	○	Production
    Costs
	 	○	Collateral
    Costs
	 	○	Advertising
    Costs
	 	○	PPC
    / SEM Costs
	 	○	Postage
	 	○	Third
    Party Supportive Software (surveys, analytics, etc.)
	 	○	Any
    other fees above and beyond hours described to perform the tasks above
	 	○	Projects
    outside the scope described above will be quoted separately



 



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