Exhibit 10.43


 





CONVERTIBLE
NOTE PURCHASE AGREEMENT


 


This
Convertible Note Purchase Agreement (“Agreement”) is entered into as of May 17, 2019, by and between
Noble Link Global Limited, a British Virgin Islands entity (the “Company”), and the undersigned purchasers
(each a “Purchaser,” and collectively, the “Purchasers”).


 


INTRODUCTION


 


A.   
The Company is engaging in an offering and sale (the “Offering”) of secured convertible promissory notes
in the form attached hereto as Exhibit A in an aggregate principal amount of up to USD $4,000,000 (the “Notes”).


 


B.    
As part of the Offering, the Company wishes to issue to each Purchaser, and each Purchaser desires to purchase from the
Company, in a transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”),
a Note in an original principal amount set forth on the signature pages hereto, subject to the terms and conditions herein.


 


C.    
The Company is wholly owned by Ourgame International Holdings Limited (“Ourgame”).


 


D.   
On December 19, 2018, Ourgame and the Company entered into that certain Agreement and Plan of Merger (“Merger Agreement”)
by and among Black Ridge Acquisition Corp. (“Black Ridge”), Black Ridge Merger Sub Corp. (“Merger Sub”),
Allied Esports Media, Inc. (f/k/a Allied Esports Entertainment, Inc.) (“AEM”), and Primo Vital Ltd., pursuant
to which, among other things, the Company will merge with and into AEM, with AEM being the surviving entity of such merger, and
thereafter Merger Sub will merge with and into AEM, with AEM being the surviving entity and becoming a wholly owned subsidiary
of Black Ridge (collectively, the “SPAC Transaction”). As a result of the SPAC Transaction, (i) Ourgame will
own, through its subsidiaries, shares of common stock (the “BRAC Common Stock”) of Black Ridge, and (ii) the
companies that comprise the World Poker Tour and Allied Esports businesses will become wholly owned subsidiaries of Black Ridge.


 


E.    
Effective as of October 11, 2018, Ourgame issued notes having an aggregate principal amount of Ten Million Dollars ($10,000,000)
(the “Prior Notes”) to various investors (“Prior Investors”), and Ourgame and various affiliates
and subsidiary companies entered into security agreements, share pledge agreements and note purchase agreements with the Prior
Investors in connection therewith (such transaction collectively, the “First Bridge” and the Prior Notes and
related transaction documents, the “First Bridge Documents”), for purposes of providing Ourgame and its affiliates
the working capital necessary to, among other things, effectuate the SPAC Transaction and operate the World Poker Tour and Allied
Esports businesses pending obtaining additional funding via the SPAC Transaction.


 


F.    
It has taken Ourgame and its affiliates longer than anticipated to effectuate the SPAC Transaction, and as such, the proceeds
of the Offering are intended to provide additional working capital to continue to operate the World Poker Tour and Allied Esports
businesses pending obtaining additional funding via the SPAC Transaction.


 


G.   
It is the intention of the parties that the Purchasers in the Offering loan money to the Company on substantially the same
terms as the First Bridge including that the Purchasers loans be secured by substantially the same collateral and that the Prior
Investors and the Purchasers have pari passu rights to all payments under the Prior Notes and the Notes and to all proceeds under
all collateral securing all such Notes on a pro rata basis in accordance with the amount each Purchaser/Prior Investor loaned to
the Company in connection with the First Bridge and/or the Offering. To that end, concurrently herewith, the Prior Investors are
executing an Amendment To Convertible Note Purchase Agreement And Note; Waiver And Acknowledgement pursuant to which the Prior
Investors consent to the Offering and the Company agrees to conform certain terms of the First Bridge to reflect the terms of the
Offering.


 


AGREEMENT


 


Now,
Therefore, in consideration of the foregoing facts and premises (which are hereby made a part of this Agreement), the mutual
promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be legally bound, agree as follows:


 


 


 






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Article 1

Purchase and Sale of Securities


 


1.1            
Purchase and Sale. Each Purchaser hereby irrevocably subscribes to purchase a Note in an aggregate principal amount
set forth on Purchaser’s signature pages hereto (the “Purchase Price”). Each Purchaser acknowledges that
this subscription is subject to acceptance or rejection (in whole or in part) at the discretion of the Company. Attached hereto
as Exhibit C is the list of Purchasers and the Purchase Price of the Note set forth opposite such Purchaser’s name
which each Purchaser is purchasing.


 


1.2            
Acceptance. The Company will accept the subscriptions by executing and delivering to each Purchaser a countersigned
copy of this Agreement and issuing to each Purchaser a Note in an original principal amount equal to the Purchase Price.


 


1.3            
Warrants. In consideration of each Purchaser’s payment of the Purchase Price, upon consummation of SPAC Transaction
(the “SPAC Closing”), each Purchaser shall receive a Warrant (the “Warrant”) to purchase
shares of BRAC Common Stock in an amount equal to the product of (i) 3,800,000 shares, multiplied by (ii) the Purchase Price,
divided by (iii) $100,000,000. The Warrant shall be subject to the exercise price and such other terms and conditions as
determined by Black Ridge and Ourgame in the SPAC Transaction; provided, however, the terms and conditions of the
Warrant and the date of issuance of the Warrants shall be the same as the warrants to be issued to Ourgame, the Company and/or
its affiliates in connection with the SPAC Transaction. If the SPAC Closing does not occur for any reason, then Purchaser shall
not receive any Warrant, and if the SPAC Closing does occur, then Purchaser shall receive the Warrant even if Purchaser elects
to not convert all of the outstanding principal of such Purchaser’s Note.


 


1.4            
Earn-out Shares. In consideration of each Purchaser’s payment of the Purchase Price, the Company shall cause
Black Ridge to issue to each Purchaser shares of BRAC Common Stock (the “Earn-out Shares”) equal to the product
of (i) 3,846,153 shares, multiplied by (ii) the Purchase Price, divided by (iii) $100,000,000, upon the satisfaction of the
following conditions:


 


(a)             
Such Purchaser exercises Purchaser’s rights to convert all of the outstanding principal of Purchaser’s Note
into BRAC Common Stock on the terms of conversion set forth in such Note; and


 


(b)            
At any time within five years after the date of the SPAC Transaction, the last exchange-reported sale price of BRAC Common
Stock trades at or above $13.00 for thirty (30) consecutive calendar days.


 


If the SPAC Closing does
not occur for any reason, or any Purchaser elects to not convert all of the outstanding principal of such Purchaser’s Note,
then each such Purchaser receives no Earn-out Shares. The Earn-out Shares shall be subject to such other terms and conditions as
determined by Black Ridge and Ourgame in the SPAC Transaction; provided, however, the terms and conditions of the
Earn-out Shares and the date of issuance of the Earn-out Shares shall be the same as such shares to be issued to Ourgame and/or
its affiliates in connection with the SPAC Transaction.


 


Article 2

Purchaser’s Representations and Warranties


 


Each Purchaser hereby
severally represents, warrants, acknowledges and agrees to the following for the benefit of the Company as set forth in this Article
2:


 


2.1            
Purchaser has obtained and read (i) this Agreement, (ii) the bylaws and/or other applicable formation and governing documents
of the Company (the “Organizational Documents”), (iii) the Term Sheet, (iv) the Risk Factors attached as Exhibit
B, (v) the public reports of Ourgame available at http://ir.ourgame.com/en/ir/info/report.html, (vi) the public reports of
Black Ridge available online at https://www.sec.gov/, and (vii) any other documents specifically requested by Purchaser. All documents
described in clauses (i) through (vii) above are collectively referred to hereinafter as the “Disclosure Documents.”
Purchaser has read and understands the Disclosure Documents.


 


 


 






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2.2            
Purchaser (i) has, either alone or with the assistance of a professional advisor, sufficient knowledge and experience in
financial and business matters that Purchaser believes himself/herself/itself capable of evaluating the merits and risks of a prospective
investment in the Notes, Warrants, Earn-out Shares and the BRAC Common Stock issuable upon conversion of the Note (collectively,
the “Securities”) and the suitability of an investment in the Company, and after the SPAC Closing, Black Ridge,
in light of Purchaser’s financial condition and investment needs, and legal, tax and accounting matters; (ii) has not relied
on the Company or any of its representatives for financial, tax or legal advice, and (iii) is investing in the Company, and after
the SPAC Closing, Black Ridge, solely on the basis of the information set forth in the Disclosure Documents, irrespective of any
other information that Purchaser may have received from the Company, Black Ridge or its representatives.


 


2.3            
Purchaser has been given access to full and complete information regarding the Company and has utilized such access to Purchaser’s
satisfaction for the purpose of obtaining information in addition to, or verifying information included in, the Disclosure Documents.
Particularly, Purchaser has been given reasonable opportunity to meet with or contact Company representatives for the purpose of
asking questions of, and receiving answers from, such representatives concerning the terms and conditions of the Offering and to
obtain any additional information, to the extent reasonably available, necessary to verify the accuracy of information provided
in the Disclosure Documents.


 


2.4            
Purchaser acknowledges that an investment in the Securities involves a high degree of risk, including but not limited to
the risk of losing Purchaser’s entire investment in the Company, and after the SPAC Closing, Black Ridge.


 


2.5            
Purchaser acknowledges that no federal or state agency, including the U.S. Securities and Exchange Commission (the “SEC”)
or the securities commission or authority of any state, has approved or disapproved the Securities, passed upon or endorsed the
merits of the Offering of the Securities or the accuracy or adequacy of the Disclosure Documents, or made any finding or determination
as to the fairness or fitness of the Securities for public sale.


 


2.6            
Purchaser has relied upon the advice of Purchaser’s legal counsel and accountants or other financial advisors with
respect to tax and other considerations relating to the purchase of Securities in the Offering. Purchaser is not relying upon the
Company or Black Ridge with respect to the economic considerations involved to make an investment decision in the Securities.


 


2.7            
If Purchaser is an entity or unincorporated association: (i) Purchaser has the requisite corporate or other power and authority
to enter into and to perform its obligations under this Agreement and to consummate the transactions contemplated hereby in accordance
with the terms hereof; (ii) the execution, delivery and performance of this Agreement by Purchaser and the consummation by it of
the transactions contemplated hereby have been duly authorized by Purchaser’s board of directors or other governing body
and no further consent or authorization of Purchaser, its board of directors or its shareholders, members or other interest holders
is required; and (iii) Purchaser was not formed or organized for the purpose of acquiring the Securities.


 


2.8            
Purchaser is not required to give any notice to, make any filing, application or registration with, obtain any authorization,
consent, order or approval of or obtain any waiver from any person or entity in order to execute and deliver this Agreement or
to consummate the transactions contemplated hereby, except for filings required by applicable state securities laws and regulations.


 


2.9            
Neither the execution and delivery by Purchaser of this Agreement, nor the consummation by Purchaser of the transactions
contemplated hereby, will (i) violate any law, rule, injunction or judgment of any governmental agency or court to which Purchaser
is subject or any provision of its charter, bylaws, trust agreement, or other governing documents or (ii) conflict with, result
in a breach of, or constitute a default under, any agreement, contract, lease, license, instrument, or other arrangement to which
Purchaser is a party or by which Purchaser is bound or to which any of its assets is subject.


 


2.10         
Purchaser is a bona fide resident of (or, if an entity, is organized or incorporated under the laws of, and is domiciled
in), and received the offer and decided to invest in the Securities, in the state or jurisdiction set forth as Purchaser’s
mailing address on the signature page to this Agreement.


 


2.11         
The Securities are being acquired by Purchaser for the account of Purchaser, for investment purposes only. Purchaser has
no contract, undertaking, understanding, agreement or arrangement with any person or entity to sell all or any part of the Securities,
any interest therein or any rights thereto.


 


 


 






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2.12         
Purchaser has no need for immediate liquidity with respect to his, her or its investment and has sufficient income to meet
Purchaser’s current and anticipated obligations. The loss of Purchaser’s entire investment in the Securities would
not cause financial hardship to Purchaser and would not adversely affect Purchaser’s current standard of living, if applicable.
In addition, the overall commitment of Purchaser to investments that are not readily marketable is not disproportionate to Purchaser’s
net worth and Purchaser’s investment in the Securities will not cause such overall commitment to become excessive.


 


2.13         
[Reserved].


 


2.14         
[Reserved].


 


2.15         
On the signature pages to this Agreement, Purchaser has truthfully represented and warranted whether Purchaser is an “accredited
investor” as defined in Regulation D of the Securities Act of 1933, including the basis on which Purchaser may satisfy such
definition.


 


2.16         
Transfer Restrictions. With respect to the registration status and transferability of the Securities, Purchaser understands,
acknowledges and agrees that:


 


(a)             
Neither the offer nor the sale of the Securities to be issued in connection with this subscription and the Offering have
been registered under the Securities Act or under applicable state securities laws on the grounds that they are being issued in
a transaction (i) involving a limited group of knowledgeable investors familiar with the proposed operations of the Company, and
(ii) not involving a public offering and that, consequently, such transaction is exempt from registration under the Securities
Act and applicable state securities laws. The Company, and after the SPAC Closing, Black Ridge, will rely on Purchaser’s
representations herein as a basis for exemptions from the Securities Act’s registration requirements.


 


(b)            
As a result of the offer and sale of the Securities in a transaction exempt from the registration requirements of the Securities
Act, the Securities may not be sold, transferred or otherwise disposed of except pursuant to an effective registration statement
or appropriate exemption from registration under the Securities Act and applicable state law and, as a result, the undersigned
may be required to hold the Securities for an indefinite period of time.


 


(c)             
Purchaser acknowledges and agrees that the Securities are subject to restrictions on transfer and will bear restrictive
legends in substantially the following form:


 


THIS SECURITY HAS NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE, IN RELIANCE UPON AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF SUCH ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, ALL AS EVIDENCED BY A LEGAL
OPINION OF COUNSEL TO THE COMPANY TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.


 


 


 


(d)            
In addition to the restrictions on transfer of the Securities imposed by applicable federal and state securities laws, the
BRAC Common Stock, as applicable, will, upon issuance, be subject to the terms and conditions of the Organizational Documents of
the Company.


 


(e)             
Each Purchaser acknowledges and agrees that all BRAC Common Stock, Warrants and any Earn-out Shares issued to Purchaser
will be subject to restrictions on transfer for a one-year period after the closing of the SPAC Transaction, pursuant to the terms
set forth in the form of Lock-up Agreement attached to the Merger Agreement (the “Lock-up Agreement”). Each
Purchaser hereby acknowledges that Purchaser is bound by the terms of the Lock-up Agreement, and agrees to execute the Lock-up
Agreement upon request of Ourgame or BRAC. In addition, each Purchaser shall become party to the Registration Rights Agreement
(as defined in Section 6.16 of the Merger Agreement), pursuant to which, under certain circumstances, the BRAC Common Stock issued
to Purchasers will be registered for resale.


 


 


 






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2.17         
Further Assurances. Upon the conversion of the Note (as described therein) or exercise of a Warrant, or as a condition
to the issuance of any Earn-out Shares, Purchaser (or any successors of Purchaser) hereby agrees to execute any documents reasonably
requested by the Board of Directors of Black Ridge for the purpose of admitting Purchaser as a stockholder of Black Ridge in a
manner compliant with applicable law.


 


Article 3 


 


The Company’s
Representations and Warranties


 


3.1            
The Company hereby represents and warrants to each Purchaser that the following representations and warranties are true
and complete as of the date hereof:


 


a.       Organization;
Good Standing; and Entity Power.


 


i.       The
Company is a company duly organized, validly existing and in good standing under the laws of the British Virgin Islands and has
all requisite corporate power and authority to carry on its business as now conducted.


 


ii.       The
Company has all requisite legal and corporate power and authority to execute and deliver this Agreement, to issue and sell the
Notes, and to carry out and perform its obligations under the terms of this Agreement and to consummate the transactions contemplated
thereby. All necessary action has been taken by the Company with respect to the execution, delivery and performance by the Company
of this Agreement and the consummation of the transactions contemplated thereby.


 


iii.       Schedule
3.1(a)(iii) sets forth a list of all Indebtedness of the Company, Ourgame International Holdings Limited, AEM and their respective
direct and indirect subsidiaries whose assets or shares are pledged as collateral under the Security Agreement or Share Pledge
Agreement. “Indebtedness” means any amount owed (including unpaid interest thereon) in respect of (a) indebtedness
for borrowed money, including any such amounts evidenced by bonds, indentures, notes or similar instruments; (b) capitalized lease
obligations; (c) obligations under interest rate agreements, currency agreements and foreign exchange agreements; and (d) guarantees
in respect of indebtedness referred to in clauses (a) through (c).


 


b.       Authorization.
This Agreement has been duly authorized, executed and delivered by the Company and constitutes the legal, valid and binding obligations
of the Company, enforceable against it in accordance with its respective terms, subject to (i) applicable bankruptcy, insolvency,
reorganization and moratorium laws, (ii) other laws of general application affecting the enforcement of creditors’ rights
generally and general principles of equity and (iii) the limitation by federal or state securities laws or by public policy of
rights to indemnification.


 


3.2            
Warrants; BRAC Common Stock. After the SPAC Closing, the Company will ensure that Black Ridge at all times maintains
a number of authorized but unissued shares of BRAC Common Stock sufficient to satisfy the obligations under the Note and Warrant.
When issued in compliance with the provisions of the Note or Warrant, the BRAC Common Stock issuable will be validly issued, fully
paid and non-assessable.


 


Article 4

General Provisions


 


4.1            
Agents for Purchasers and Prior Investors.


 


(a)             
By execution and delivery of this Agreement, each Purchaser hereby appoints each of Knighted Pastures LLC (“First
Agent”) and Steve Lipscomb (“Second Agent”, and collectively with First Agent, the “Co-Agents”)
as its true and lawful attorneys-in-fact and agents, with full power of substitution and re-substitution, to act solely and exclusively
on behalf of such Purchaser as specified herein.


 


 


 






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(b)            
 The Co-Agents shall act as the representatives and agents of the Purchasers and Prior Investors and shall be jointly authorized
to act on behalf of the Purchasers and Prior Investors and to jointly take any and all actions required or permitted to be taken
by the Purchasers under the Notes (other than as set forth below), the Security Agreement dated as of the date hereof by and among
the Ourgame, AEM, Allied Esports International, Inc., a Nevada corporation, the Purchasers and the other parties named therein
(the “Security Agreement”), the Share Pledge Security Agreement dated as of the date hereof by and among Ourgame,
the Company, the Purchasers and the other parties named therein (the “Share Pledge Agreement” together with
the Notes and Security Agreement, the “Second Bridge Documents”) and the First Bridge Documents, in each case,
with respect to the collection of amounts owed to Purchasers and Prior Investors under the Second Bridge Documents and exercise
of Purchasers’ rights under the Second Bridge Documents. Co-Agents may agree on behalf of Purchasers to waive (on a case
by case basis), or forbear on enforcement of, Purchaser’s rights, but shall not have the authority (i) to agree to any
reduction in the amount owed to Purchasers under, or to agree to any amendment of the terms of, the Note Purchase Agreement, Note,
Security Agreement or Share Pledge Agreement or (ii) to exercise any conversion or exchange rights of a Purchaser under the Note
(which right shall be exercised solely by the Purchasers).


 


(c)             
The Purchasers shall be bound by all actions taken by the Co-Agents in their capacity as such. Following any Event of Default,
the Co-Agents shall keep the Purchasers reasonably informed with written reports regarding material action taken on behalf of the
Purchasers by the Co-Agents pursuant to the authority delegated to the Co-Agents under this Section 4.1. Each Co-Agent shall
at all times act in his/her/its capacity as Co-Agent in a manner that such Co-Agent believes to be in the best interest of the
Purchasers; provided that Purchasers acknowledge and agree that the Co-Agents shall collectively take actions on behalf of Purchasers
and the Prior Investors under both the First and Second Bridge Documents.


 


(d)            
Neither of the Co-Agents nor any of their members, managers, directors, officers, employees, attorneys or other agents (as
applicable) shall be liable to any Purchaser for any error of judgment, or any action taken, suffered or omitted to be taken, under
the Security Agreement and the Share Pledge Agreement, except in the case of his/her/its gross negligence, bad faith or willful
misconduct. The Co-Agents may consult with and engage legal counsel, independent public accountants, sales agents and other experts
selected by him/her/it and shall not be liable for any action taken or omitted to be taken in good faith in accordance with the
advice of counsel, accountants or experts; provided, however, that no Co-Agent shall be obligated to expend or advance any
material out-of-pocket costs to fund any enforcement or collection activities or otherwise act in their capacity as Co-Agent hereunder,
provided that each Co-Agent shall keep the Purchasers reasonably informed as to the status of the Co-Agent’s efforts hereunder,
including as to whether lack of available funding for enforcement or collection activities is preventing the Co-Agents from vigorous
pursuit of such activities. The Co-Agents may advance and/or may request from time to time that Purchasers (together with the Prior
Investors) make advances to Co-Agents to fund out-of-pocket costs and expenses, although no Co-Agent or Purchaser shall be obligated
to make any such advance. Each Purchaser agrees that the Co-Agents and any Purchasers or Prior Investors who make advances shall
have first priority to be reimbursed (on a pro rata basis out of amounts collected based upon the amount so advanced or incurred)
any and all such advances and, in the case of the Co-Agents, their costs, expenses, liabilities and losses incurred by the Co-Agents
arising out of or resulting from any action taken or omitted to be taken by the Co-Agents under the Security Agreement and/or the
Share Pledge Security Agreement, other than such losses arising out of or resulting from any Co-Agent’s gross negligence,
bad faith or willful misconduct. After payment of costs, expenses, liabilities and losses in accordance with the preceding sentence,
the Co-Agents shall distribute any amounts collected to the Purchasers (including Co-Agents) and Prior Investors without preference
on a pro rata basis based on the outstanding principal and interest owing on the Note issued to each Purchaser and the Prior Notes
issued to the Prior Investors, in each case as of the date of such distribution. If any Purchaser or Prior Investor shall receive
more than his/her/its pro rata share, then such Purchaser or Prior Investor shall remit any payment or issuance in excess of its
pro rata share to the other Purchaser or Prior Investors as necessary to equitably distribute such excess in accordance with this
paragraph.


 


(e)             
If the Co-Agents disagree with respect to any material actions required or permitted to be taken by the Co-Agents hereunder
or otherwise wish to seek the consent of the Purchasers and Prior Investors to any proposed action, the Co-Agents shall promptly
submit a summary of such proposed action in writing to the Purchasers and Prior Investors and seek their consent to such action.
Each Purchaser (including each Co-Agent) shall then submit in writing, within 3 calendar days of the date of such summary and consent,
his/her/its vote on such matter (the “Investor Vote”). The result of the Investor Vote shall be determined by
Purchasers (including Co-Agents) and Prior Investors who actually timely respond to the Investor Vote and that hold in aggregate
more than 50% of the aggregate outstanding principal amount under the Notes of such responding Purchasers and the Prior Notes of
such responding Prior Investors (a “Majority Vote”).


 


 


 






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(f)             
If, following any Event of Default, any Purchaser (including any Co-Agent) or Prior Investor reasonably believes that the
Co-Agents have reached a point of deadlock that has prevented them for at least 30 days (and will continue to prevent them for
the foreseeable future) from vigorously seeking collection of amounts due to the Purchasers and Prior Investors, such Purchaser
or Prior Investor may request the Co-Agents to jointly agree on an independent third party agent to replace the Co-Agents. If the
Co-Agents cannot agree on an independent agent (or obtain a Majority Vote of Purchasers and Prior Investors to appoint an independent
agent) within 30 days of such request, either Co-Agent may thereafter at any time request JAMS Orange County to appoint an agent
in accordance with applicable JAMS rules from a list containing one proposed independent agent from each Purchaser and Prior Investor
who wishes to submit a suggestion. Any independent agent appointed by JAMS hereunder shall succeed to all rights of Co-Agents hereunder.


 


(g)            
Upon the death, incapacity or resignation of First Agent as Co-Agent, First Agent or its agent may appoint a replacement
for First Agent as Co-Agent. Upon the death, incapacity or resignation of Second Agent as Co-Agent, a majority in interest of the
Purchasers and Prior Investors (by principal amount, other than First Agent) may appoint a replacement for Second Agent. If there
is no Co-Agent available to serve (as a result of death, incapacity or resignation) for a period of 30 days and no replacement
has accepted appointment, any Purchaser or Prior Investor may seek the appointment of an independent agent under clause (f) above.


 


(h)            
In the event that there are no Co-Agents available to serve and/or no Co-Agent is appointed and serving in such capacity
hereunder, the Purchasers and Prior Investors agree that any Purchaser or Prior Investor shall have and may exercise alone any
of the rights of a Co-Agent hereunder, and in so doing shall conduct all such activities pursuant to clause (d) above and shall
be protected by the limitation of liability set forth in clause (d) above.


 


4.2            
Costs and Expenses. The Company and each Purchaser shall be responsible for its own costs and expenses incurred in
connection with the transactions contemplated by this Agreement and the SPAC Transaction.


 


4.3            
Indemnity. Each Purchaser agrees to severally indemnify and hold harmless the Company and each other Purchaser, and
their respective affiliates and their respective officers, directors, managers, stockholders, employees and agents from and against
any and all loss, liability, claim, damage and expense whatsoever (including but not limited to any and all expenses whatsoever
reasonably incurred in investigating, preparing or defending against any litigation or any claim commenced or threatened, including
attorney fees) arising out of or based upon any false or misleading representation or warranty hereunder, misinformation, breach
or failure by such Purchaser hereunder or under any other document furnished or delivered by such Purchaser to any of the foregoing
indemnified persons in connection with Purchaser’s investment in the Company.


 


4.4            
Entire Agreement. This Agreement, the Note, the Security Agreement, the Share Pledge Security Agreement and the Disclosure
Documents constitute the full and entire understanding and agreement among the parties with regard to the subject matter hereof,
and no party shall be liable or bound to any other in any manner by any representations, warranties, covenants or agreements except
as specifically set forth herein and therein. No Purchaser has been granted any rights in connection with the Offering or the purchase
of the Notes that have not been granted to all of the Purchasers (except as set forth in Section 4.1 of this Agreement).


 


4.5            
Governing Law; Venue. This Agreement shall be governed by the laws of the State of California without regard to its
conflicts-of-law principles. The parties expressly acknowledge and agree that any judicial action to enforce any right of any party
under this Agreement may be brought and maintained in the State of California, and the parties consent to the jurisdiction of the
courts of the State of California, County of Orange, and the federal courts located in the Central District of the State of California.
Accordingly, the parties hereby submit to the process, jurisdiction and venue of any such court. Each party hereby waives, and
agrees not to assert, any claim that it is not personally subject to the jurisdiction of the foregoing courts in the State of California
or that any action or other proceeding brought in compliance with this Section is brought in an inconvenient forum.


 


4.6            
Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit
of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto and shall inure to
the benefit of and be enforceable by each Purchaser; provided, that (i) all rights of each Purchaser, including rights to
receive a Warrant and Earn-out Shares, shall automatically be assigned to any transferee of such Purchaser’s Note, and (ii)
no Purchaser may assign its rights or obligations under this Agreement unless such Purchaser’s Note is assigned in connection
therewith.


 


 


 






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4.7            
Severability. In case any provision of this Agreement shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.


 


4.8            
Amendment and Waiver. This Agreement may be amended or modified, and any provision hereunder may be waived, only
upon the prior written consent of the Company and each Purchaser. Any amendment to which the Company agrees with any one Purchaser
must be presented to each other Purchaser as soon as is practicable thereafter so that such other Purchasers may elect, in each
such Purchaser’s sole discretion, whether to enter into the same amendment with the Company.


 


4.9            
Notices. All notices, requests, consents and other communications hereunder shall be in writing and shall be deemed
effectively given and received when delivered in person or when sent by facsimile (confirmed by telephone or electronic mail),
or on the day after mailing if sent by national overnight courier service or by certified or registered mail, return-receipt requested,
addressed as follows:


 


(a)             
if to the Company, at:


 


Noble Link Global Limited

c/o Ourgame International Holdings Limited


Tower B Fairmont, No. 1 Building


17th Floor


33# Community, Guangshun North
Street


Chaoyang District


Beijing, 100102


China


 


with a copy to:


 


WPT Enterprises, Inc.


Attn: David Polgreen


17877 Von Karman Avenue


Suite 300


Irvine, CA 92614


 


(b)            
if to any Purchaser, at such Purchaser’s address set forth on the signature page hereto.


 


4.10         
Counterparts. This Agreement may be executed in counterparts, all of which taken together shall constitute one agreement
binding on the parties. Facsimile and electronically transmitted signatures shall be valid and binding to the same extent as original
signatures. In making proof of this Agreement, it will be necessary to produce only one copy signed by the party to be charged.


 


4.11         
Additional Purchasers. At any time after the date of this Agreement, and notwithstanding Section 4.8 above, one or
more additional persons or entities may become a Purchaser under this Agreement by executing and delivering to the Company a counterpart
of this Agreement. Immediately upon such execution and delivery in conjunction with the delivery of the Purchase Price by such
person or entity (and without any further action), each such additional person or entity will become a party to, and will be entitled
to the rights and benefits of, this Agreement as a Purchaser hereunder. In the event any such additional person or entity becomes
a party to this Agreement as a Purchaser hereunder, the Company shall promptly provide to all of the Purchasers an updated Exhibit
C listing all of the Purchasers and the Purchase Price of each Purchaser. Notwithstanding the foregoing, in no event may the
aggregate principal amount of Notes issued and sold under this Agreement exceed Four Million Dollars ($4,000,000).


 


*****


 


 


 


 






    	 	8	 



     


    

 


 


SIGNATURE PAGES


 


Please indicate how you would like your
Notes to be registered (check one):


 








 


	 ̈     Individual
Ownership (One signature required below)	 	 ̈     Trust or IRA
	 	 	 
	 ̈     Joint
Tenants with Rights of Survivorship (All tenants must sign below)	 	 ̈     Corporation
	 	 	 
	 ̈     Tenants in Common (All tenants must sign below)		 ̈     Limited
Partnership
	 	 	 
	 ̈     Other (Please specify): ________________________	 	 ̈     Limited
Liability Company
	 	 	 
	 	 	 ̈     General
Partnership





 


Total Note Amount: $_____________________


 


 


 


* * * *


 


I. Purchaser Information


 


Name:___________________________________


 


Social Security or Taxpayer Identification
Number:________________________


 


Home Address (individuals): __________________________________________________________


(Street)       (City/State/Zip
Code)


 


Jurisdiction of Organization (entities):__________________________________


 


Principal Place of Business
(entities): _______________________________________
                                                                        (Street)           (City/State/Zip Code)


 


Telephone Number: ____________________
Facsimile Number: ___________________


 


Email Address: _________________________


 


Contact Person (entities): ________________________________


 


Date of Formation (entities): ____________________
Fiscal Year (entities): ____________________


 


 



    	 	9	 



     


    





 


 


 


II. Accredited Investor Status under the
Securities Act of 1933.


 


Please initial all appropriate spaces below
indicating the basis upon which Purchaser may qualify as an “accredited investor” under the Securities Act of 1933.


 


	
        FOR INDIVIDUALS

         

	_____


	Purchaser has a net worth (or joint net worth together with the undersigned’s spouse) in excess of $1,000,000, and has no reason to believe that such net worth will not remain in excess of $1,000,000 for the foreseeable future. Please Note: For purposes hereof, “net worth” means the excess of total assets at fair market value (excluding the value of a primary residence), over total liabilities (excluding liabilities secured by a primary residence, except to the extent that such liabilities exceed the fair market value of the primary residence).
	_____


	
        Purchaser had an annual income during the
        last two full calendar years of in excess of $200,000 (or joint annual income together with the undersigned’s spouse of in
        excess of $300,000) and reasonably expects to have an annual income in excess of $200,000 (or joint annual income together with
        the undersigned’s spouse of in excess of $300,000) during the current calendar year.

         

	
        FOR CORPORATIONS, PARTNERSHIPS
        OR LIMITED LIABILITY COMPANIES

         

	_____


	
        Purchaser has total assets in excess
        of $5,000,000.

         

	_____


	
        All of the equity owners, unit owners
        and participants of Purchaser are accredited investors. If Purchaser initialed this statement and did not initial any of the preceding
        three statements, the Company in its sole discretion may require Purchaser to provide the Company with a list setting forth the
        names of all owners and participants and indicating the manner in which they qualify, and may require each such person to complete
        an accredited investor and qualified eligible person equity owner questionnaire in the form supplied by the Company.

         

	_____


	
        Purchaser is a broker-dealer registered
        under Section 15 of the Securities and Exchange Act of 1934.

         

	
        FOR TRUSTS

         

        

	_____


	
        Purchaser has total assets in excess
        of $5,000,000, its purchase is directed by a person who has such knowledge and experience in financial and business matters that
        he or she is capable of evaluating the merits and risks of an investment in the Company.

         

	_____


	Purchaser is a revocable trust which may be amended or revoked at any time by the grantors thereof and all of the grantors are accredited investors and qualified eligible persons.
	 	 	 


III. Signatures.


 


 


	 	 Purchaser Name: _____________________


 


Signature: __________________________


Name:______________________________


Title: ______________________________






 


 


 


ACCEPTED:


 


oble
Link Global Limited


 


By:___________________________


Name: ________________________


Title: _________________________


Dated: _________________, 2019


 


 






    	 	10	 



     


    





Exhibit
A


 


Form of Note


 


(see attached)


 


 


 


 


 


 


 


 


 






    	 	11	 



     


    

 


EXHIBIT B


  


RISK FACTORS


 


You
should carefully consider the risks described below before making a decision to invest in the Securities. If any of the following
risks actually occurs, our business could be materially harmed. In that case, we may be unable to satisfy our obligations set forth
in the Notes issued in the Offering, and you may lose all or part of your investment. You also should refer to the other information
set forth in the Disclosure Documents, including but not limited to the public reports of Ourgame and Black Ridge, available at
http://ir.ourgame.com/en/ir/info/report.html, and https://www.sec.gov/, respectively. 


 


Our management will have broad discretion
in using the net proceeds from the sale of the Notes. 


 


A substantial part of the proceeds from the
sale of the Notes will be for additional working capital of the Company and its affiliates. The specific use will be in the discretion
of our officers and Board of Directors, and it is not certain that such discretion will be beneficial to investors. Accordingly,
prospective investors who invest in the Company will be entirely dependent on the judgment of management of the Company in connection
with the use of proceeds related to the sale of the Notes. There can be no assurance that determinations ultimately made by management
relating to the specific allocation of such proceeds will permit the Company to achieve its business objectives.


 


Ownership of the Securities involves substantial
risk, and you may lose your entire investment.


 


The purchase of the Securities is a high-risk
investment. Potential investors must be willing to risk the entire loss of their capital. No assurance or guaranty can be given
as to the actual amount of financial return, if any, which may result from an investment in the Securities. Any remedies you may
exercise under this Agreement, the Note, Security Agreement or Share Pledge Agreement will likely be shared on a pro rata basis
with other Purchasers and the Prior Investors. Any investment in the Securities should be considered a high-risk investment
and any such investment should be restricted to an investor's risk capital only. YOU COULD LOSE YOUR ENTIRE INVESTMENT. 


 


The Offering has not been registered under
applicable securities laws, and you will not be able to transfer the Securities easily, if at all.


 


The Offering has not been registered under
the Securities Act of 1933 or the securities laws of any state. Accordingly, the Securities cannot be sold or otherwise transferred
unless such sale or transfer is subsequently registered under the Securities Act and applicable state securities laws, or unless
exemptions from such registration are available. Consequently, you may not be able to transfer your Securities when you desire
to do so, and for a value you deem to be sufficient.


 


We may need to raise additional capital
in the near future to fund our operations, and such capital may not be available to us in sufficient amounts or on acceptable terms.


 


We may require additional sources of financing
before we can generate revenues needed to sustain operations. In particular, management believes that our current cash is sufficient
to continue operations of Allied Esports through September 2019, assuming the sale of Notes in the Offering in an aggregate amount
of $4,000,000. Our operations, as currently conducted and anticipated to be conducted, generate costs related to the marketing
and operation of the Allied Esports flagship Las Vegas Esports facility, the operation and maintenance of Allied Esport’s
mobile Esports trucks, and ongoing consulting, legal and accounting expenses.


 


If the SPAC Transaction is not ultimately
consummated, we may be required to raise additional capital. Additional financing could be sought from a number of sources, including
but not limited to additional sales of equity or debt securities, or loans from banks, other financial institutions or affiliates
of the Company. We cannot be certain that any such financing will be available on terms favorable to us if at all. If additional
funds are raised by the issuance of debt or other equity instruments, we may become subject to certain operational limitations,
and such securities may have rights senior to the rights of our Noteholders and stockholders. If adequate funds are not available
on acceptable terms, we may be unable to fund the current operations, expansion or growth of our business.


 


There is no guarantee that we will consummate
the SPAC Transaction.


 


The consummation of the SPAC Transaction
is subject to a number of terms and conditions, some of which are beyond our control. A potential acquisition by Black Ridge, a
special purpose acquisition company, permits its shareholders to redeem their shares in advance of the transaction, and the terms
of the Merger Agreement require, among other things, that Black Ridge has at least $80 million in cash or liquid securities remaining
after such redemptions. Consequently, there is no guarantee that the SPAC Transaction will close, and the failure to do so would
mean the Purchasers may have limited liquidity options and our business may suffer.


 


 


 


 


 



    	 	12	 



     


    




EXHIBIT C


 


SECURED CONVERTIBLE PROMISSORY NOTES


 


 


 




 


 


 


 


 


 


 


 


 






    	 	13