Exhibit 10.13


 


FIRST AMENDMENT TO EMPLOYMENT AGREEMENT


 


THIS FIRST AMENDMENT
to EMPLOYMENT AGREEMENT (this “First Amendment”) is made as of February 21, 2020 (the “Effective Date”)
by and between Esports Entertainment (Malta), Ltd., a Malta corporation (the “Company”), and Christopher Malone,
(“Executive”).


 


WHEREAS, on
November 16, 2018, the Company and Executive entered into that certain Employment Agreement (the “Employment Agreement”),
pursuant to which Executive was employed as Chief Financial Officer of the Company; and


 


WHEREAS, the
parties wish to amend the Employment Agreement to modify Executive’s position from that of Chief Financial Officer to that
of Vice President of Finance; and


 


WHEREAS, the
parties wish to amend certain terms of the Employment Agreement.


 


NOW THEREFORE,
in consideration of the promises and mutual covenants contained herein for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby consent and agree as follows:


 


		1.	All capitalized terms used, and not otherwise defined, herein, shall have the meanings ascribed
to them in the Employment Agreement.



 


		2.	Company and Executive agree that the first whereas of the Employment Agreement is hereby amended
in its entirety to read as follows:



 


“WHEREAS,
Executive is to be employed as Vice President of Finance of the Company and its subsidiaries; and”


 


		3.	Company and Executive agree that Section 1(a) of the Employment Agreement is hereby amended in
its entirety to read as follows:



 


“(a)
During the Employment Term (as defined in Section 2 below), Executive shall serve as a Vice President of Finance of the Company
and its subsidiaries. In this capacity Executive shall have such duties, authorities and responsibilities commensurate with the
duties, authorities and responsibilities of persons in similar capacities in similarly sized companies and such other reasonable
duties and responsibilities as the Chief Executive of the Company (the “CEO”), and the Chief Financial Officer of the
Company (“CFO) shall designate. Executive shall report directly to the CFO. Executive shall obey the lawful directions of
the CFO and shall use his diligent efforts to promote the interests of the Company and to maintain and promote the reputation thereof.”


 


		4.	All other terms of the Employment Agreement shall remain unamended and in full force and effect.



 


		5.	This First Amendment constitutes the entire agreement among the parties, and supersedes all prior
and contemporaneous agreements and understandings of the parties, in connection with the subject matter of this First Amendment.
No changes, modifications, terminations or waivers of any of the provisions hereof shall be binding unless in writing and signed
by all of the parties thereto.



 


		6.	This First Amendment may be executed in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one and the same agreement. This First Amendment may
also be executed by either party hereto by facsimile signature, which shall be deemed to be an original signature of such party
hereon.



 


[-signature page follows-]


 




     


     


    

 


IN WITNESS WHEREOF, the undersigned have
executed and delivered this First Amendment as of the date first written above.


 


	ESPORTS ENTERTAINMENT (Malta), Ltd. 	 
	 	 
	/s/ Grant Johnson	 
	By:	Grant Johnson 	 
	Title:  	Chief Executive Officer 	 
	 	 	 
	/s/ Christopher Malone	 
	By:	Christopher Malone 	 
	Title:	Vice President of Finance