# EDGAR Filing Document

**Accession Number:** 0001437925
**File Stem:** 0001477932-25-008725
**Filing Date:** 2025-12
**Character Count:** 96256
**Document Hash:** c33c9a000ec2e82fbdfc397f3263b114
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-25-008725.hdr.sgml**: 20251202

**ACCESSION NUMBER**: 0001477932-25-008725

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20251125

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251202

**DATE AS OF CHANGE**: 20251202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Golden Matrix Group, Inc.
- **CENTRAL INDEX KEY:** 0001437925
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 461814729
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41326
- **FILM NUMBER:** 251541624

**BUSINESS ADDRESS:**
- **STREET 1:** 3651 LINDELL ROAD, STE D131
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89103
- **BUSINESS PHONE:** 702-318-7548

**MAIL ADDRESS:**
- **STREET 1:** 3651 LINDELL ROAD, STE D131
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Source Gold Corp.
- **DATE OF NAME CHANGE:** 20091016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ibex Resources Corp.
- **DATE OF NAME CHANGE:** 20080618

?xml version='1.0' encoding='ASCII'? gmgi_8k.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): **<u>November 25, 2025</u>**

---

| |
|:---|
| **Golden Matrix Group, Inc.** |
| **(Exact name of registrant as specified in its charter)** |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-41326** | **46-1814729** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(Commission**<br>**file number)** | **(IRS Employer**<br>**Identification No.)** |

---

**3651 Lindell Road, Suite D131**

**<u>Las Vegas, NV 89103</u>**

**(Address of principal executive offices)(zip code)**

**Registrant's telephone number, including area code: (<u>702) 318-7548</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange** <br>**on which registered** |
| Common Stock, $0.00001 Par Value Per Share<br> GMGI | **The NASDAQ Stock Market LLC**<br>(The NASDAQ Capital Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On November 25, 2025, Golden Matrix Group, Inc. (the "<u>Company</u>") entered into a Severance and Release Agreement (the "<u>Severance Agreement</u>") with its Chief Executive Officer, Anthony Brian Goodman, pursuant to which (i) the Company and Mr. Goodman mutually agreed to terminate Mr. Goodman's employment with the Company effective as of December 12, 2025, unless otherwise agreed between the parties (the "<u>Termination Date</u>"), and (ii) the Company agreed to pay Mr. Goodman a $951,750 severance payment (representing eighteen months of Mr. Goodman's base salary ($434,500), plus Mr. Goodman's 2025 targeted bonus ($300,000)) (the "<u>Severance Payment</u>") and $46,792 in accrued, unused vacation pay (the "<u>Accrued Vacation Pay</u>"). Of the Severance Payment and Accrued Vacation Pay, $60,000 will be paid to Mr. Goodman's superannuation fund, $401,215 will be paid to the Australian Tax Office, and the balance of $537,327 will be held in escrow by The McGeary Law Firm, P.C. (the "<u>Escrow Agent</u>") in accordance with an Escrow Agreement between the Company, Mr. Goodman, and Escrow Agent (the "<u>Escrow Agreement</u>"). Pursuant to the Escrow Agreement, the Escrow Agent will release the escrowed funds to Mr. Goodman and a resignation letter signed by Mr. Goodman to the Company on the Termination Date, subject to the Company providing written confirmation that Mr. Goodman has not exercised his right to revoke the Severance Agreement prior to the Termination Date.

Pursuant to the Severance Agreement, the Company will use commercially reasonable efforts to reasonably assist Mr. Goodman in the conversion of his shares of Series B Preferred Stock into shares of Company common stock, which efforts will consist solely of authorizing the Company's transfer agent to issue and transfer such shares upon any such conversion, subject to receipt of appropriate documentation. We also agreed to reimburse Mr. Goodman up to $10,000 in attorney's fees and costs incurred in connection with the Severance Agreement. All unvested restricted stock units (RSUs) previously granted to Mr. Goodman will become 100% vested as of the Termination Date. Until the Termination Date, Mr. Goodman will continue to receive his Company salary and benefits and will cooperate with the Company to transition out of and away from his day-to-day duties and responsibilities as Chief Executive Officer.

The Severance Agreement includes a customary mutual release and additional customary confidentiality and mutual non-disparagement provisions, subject to customary exclusions. Mr. Goodman is also prohibited, for a period of one year from the Termination Date, from (i) soliciting any current senior executive of the Company or any customers of the Company with whom Mr. Goodman has worked or had access to during the twelve months prior to the Termination Date for the purpose of offering directly competing products or services, or (ii) without the Company's consent, accepting a role as President or Chief Executive Officer with a direct competitor of the Company where the primary duties involve the operation of a Business to Consumer or Business to Business online casino, sports book and online raffles that directly competes with the Company (but Mr. Goodman will be able to maintain his roles and titles with Elray Resources Inc, Articulate Pty Ltd, and Luxor Capital LLC).

Mr. Goodman and Global Technology Group Pty Ltd., the Company's wholly-owned Australian subsidiary, also entered into a Deed of Settlement and Release Without Prejudice and Subject to Contract (the "<u>Subsidiary Release</u>"), which is included as an exhibit to the Severance Agreement. The Subsidiary Release includes certain continuing confidentiality obligations of Mr. Goodman and a release by Mr. Goodman in favor of the subsidiary.

The foregoing summary of the Severance Agreement (including the Subsidiary Release) and the Escrow Agreement is a summary only and is qualified in its entirety by reference to the Severance Agreement and the Escrow Agreement, copies of which are attached hereto as <u>Exhibits 10.1</u> and <u>10.2</u>, and incorporated by reference into this <u>Item 1.01</u> in their entirety.

**Item 1.02 Termination of a Material Definitive Agreement.**

The information set forth in <u>Item 1.01</u> above relating to the termination of Mr. Goodman's employment with the Company is incorporated into this <u>Item 1.02</u> by reference.

As a result of the Separation Agreement, discussed in <u>Item 1.01</u>, above, Mr. Goodman's First Amended and Restated Employment Agreement with the Company, dated on or about September 16, 2022, as amended to date, will be terminated, effective as of the Termination Date. No material early termination penalties were incurred by the Company in connection with such termination, except as discussed in <u>Item 1.01</u>, above.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

The information set forth in <u>Item 1.01</u> and <u>Item 1.02</u> above relating to the termination of Mr. Goodman's employment with the Company is incorporated into this <u>Item 5.02</u> by reference.

As discussed above, on November 25, 2025, and effective as of the Termination Date, Mr. Goodman resigned as President, Chief Executive Officer, Principal Executive Officer, Secretary, Treasurer, and as a member of the Board of Directors of the Company and each of its subsidiaries.

On November 26, 2025, the Board of Directors appointed Mr. William Scott, the current Executive Chairman of the Board of Directors of the Company, as Interim Chief Executive Officer and Principal Executive Officer of the Company, to fill the vacancy left by Mr. Goodman's resignation on an interim basis, which appointment will be effective on the Termination Date. Mr. Scott will also continue to serve as Executive Chairman of the Company.

Mr. Scott's business experience and age, are included in the Company's Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on September 23, 2025 (the "<u>Proxy Statement</u>"), under "*<u>Board of Directors—Director Nominees</u>*", and are incorporated by reference herein.

Mr. Scott is not a party to any material plan, contract or arrangement (whether or not written) with the Company, nor are there any arrangements or understandings between Mr. Scott and any other person pursuant to which Mr. Scott was selected to serve as a director or officer of the Company, except for an indemnification agreement entered into between Mr. Scott and the Company in the Company's customary form (discussed an described in greater detail in the Proxy Statement under "*<u>Certain Relationship and Related Transactions—Indemnification Agreements</u>*"), the Amended and Restated Nominating and Voting Agreement dated January 29, 2025, by and between the Company, Aleksandar Milovanović, Zoran Milosevic and Snežana Božović (collectively, the "<u>MeridianBet Sellers</u>")(discussed and described in the Proxy Statement under "*<u>Voting Rights and Principal Stockholders—Nominating and Voting Agreement</u>*", which description is incorporated by reference herein), and the designation of the Company's Series C Preferred Stock (discussed and described in the Proxy Statement under "*<u>Voting Rights and Principal Stockholders—Series C Preferred Stock</u>*", which description is incorporated by reference herein), pursuant to which Mr. Scott was appointed to the Board of Directors as a Series C Preferred Stock nominee by the MeridianBet Sellers. Mr. Scott is not a participant in any related party transaction required to be reported pursuant to Item 404(a) of Regulation S-K, except as discussed above. There are no family relationships between any director or executive officer of the Company, including Mr. Scott.

**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| [10.1\*](gmgi_ex101.htm) | [Severance and Release Agreement dated November 25, 2025, by and between Golden Matrix Group, Inc. and Anthony Brian Goodman.](gmgi_ex101.htm) |
| [10.2\*](gmgi_ex102.htm) | [Escrow Agreement dated November 25, 2025, by and between Golden Matrix Group, Inc., Anthony Brian Goodman, and The McGeary Law Firm, P.C.](gmgi_ex102.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL documents). |

---

\* Filed herewith.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **GOLDEN MATRIX GROUP, INC.** | **GOLDEN MATRIX GROUP, INC.** |
| Date: December 2, 2025 | *By:* | */s/ Rich Christensen* |
|  |  | Rich Christensen |
|  |  | Chief Financial Officer |

---

## Exhibit 10.1

**EXHIBIT 10.1**

**<u>SEVERANCE AND RELEASE AGREEMENT</u>**

This Severance and Release Agreement ("Agreement") is made and entered into by and between Golden Matrix Group, Inc. ("Employer") and Anthony Brian Goodman ("Employee"). Employer and Employee are sometimes referred to individually as "Party" and are sometimes collectively referred to herein as "Parties."

**<u>RECITALS</u>**

WHEREAS, Employee is employed by the Employer on at at-will basis, as the Chief Executive Officer; and

WHEREAS, Employee's employment with the Employer is governed by that certain First Amended and Restated Employment Agreement executed by the Parties on or about September 16, 2022 (the "Employment Agreement");

WHEREAS, Employee and Employer mutually agree to terminate Employee's employment, effective December 12, 2025, unless otherwise agreed in writing by the Parties ("Termination Date"), pursuant to the terms set forth herein; and

WHEREAS, with the Parties' mutual agreement to terminate Employee's employment, the Parties have also determined that it is in their mutual interests to reach an agreement with respect to any and all disputes between them arising out of or related to Employee's employment with and/or separation from Employer.

NOW THEREFORE, in consideration of and in exchange for the promises, covenants and releases contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the Parties mutually agree as follows:

**<u>AGREEMENT</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Employer's Promises.</u> In consideration of and in exchange for Employee's promises, covenants and releases contained herein, as well as in the Australia Deed of Settlement and Release (the "Australia Deed"), which is attached hereto as Exhibit A, and provided Employee does not revoke Employee's acceptance of this Agreement as provided herein, Employer agrees to provide the following consideration, which Employee agrees constitutes good and valuable consideration for this Agreement, the Australia Deed, and his Releases, and is above and beyond any amounts Employee would otherwise be entitled to:

As of the Termination Date, Employee's current Base Salary (as that term is defined in the Employment Agreement) is $434,500 per year. Employer agrees to provide compensation to Employee, in an amount as set forth in Section 14.4 of the Employment Agreement, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Severance equal to the sum of: (1) eighteen (18) months of Employee's Base Salary, in the amount of Six Hundred and Fifty One Thousand Seven Hundred and Fifty Dollars and Zero Cents ($651,750.00) (annual Base Salary divided by twelve (12) multiplied by eighteen (18) = $434,500 / 12 x 18); *plus* (2) an amount equal to Employee's targeted bonus for 2025, in the amount of Three Hundred Thousand Dollars and Zero Cents ($300,000.00), for a total lump sum cash severance payment of Nine Hundred Fifty One Thousand Seven Hundred and Fifty Dollars and Zero Cents ($951,750) (such total payment referred to herein as the "Severance Payment"), which shall be payable to Employee in one lump sum; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Employee's accrued, unused vacation determined as of his Termination Date in the amount of Forty-Six Thousand Seven Hundred and Ninety-Two Dollars and Zero Cents ($46,792.00) ("Accrued Vacation Pay"), shall also be made payable to Employee in one lump sum; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Parties understand and agree that the Severance Payment and Accrued Vacation Pay will be subject to all necessary and required withholdings consistent with applicable Australian and state or federal U.S. laws. The total amount payable to Employee will be a gross amount equal to Nine Hundred Ninety Eight Thousand Five Hundred Forty Two Dollars and Zero Cents ($998,542.00)(USD) of which Sixty Thousand Dollars and Zero Cents ($60,000.00) will be paid to Employee's Superannuation fund, and Four Hundred and One Thousand Two Hundred and Fourteen Dollars and Seventy Four Cents ($401,214.74) will be paid to the Australian Tax Office, with the balance of Five Hundred Thiry Seven Thousand Three Hundred and Twenty Seven Dollars and Twenty Six Cents ($537,327.26) being remitted to the Escrow Agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) After withholdings, the net amount of the Severance Payment and Accrued Vacation Pay will be placed in trust, with Aaron McGeary at The McGeary Law Firm, P.C., as set forth in the Escrow Agreement, executed contemporaneous in time herewith, and shall be released on the Release Date, as described in the Escrow Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) On or before the Termination Date, Sixty Thousand Dollars and Zero Cents ($60,000.00) will be paid to Employee's Superannuation fund, and Four Hundred and One Thousand Two Hundred and Fourteen Dollars and Seventy Four Cents ($401,214.74) will be paid to the Australian Tax Office, by the withholding Company Global Technology Group Pty Ltd.; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Notwithstanding anything to the contrary in any equity award agreement, the unvested restricted stock units (RSUs) previously granted to the Employee will become 100% vested as of Employee's Termination Date. For example, as of the day prior to the Termination Date, Employee has 300,000 outstanding Restricted Stock Units (RSUs), all of which are unvested. Under this Agreement, all 300,000 unvested RSUs will become 100% vested on the Termination Date, immediately; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Employer shall use commercially reasonable efforts to provide reasonable assistance to Employee, Anthony B. Goodman, in connection with the conversion of the Series B Preferred Stock shares held by Employee into common stock of Employer (the "Conversion Shares"). For purposes of this Section, "reasonable assistance" means, solely, (a) authorizing the transfer agent to issue the Conversion Shares to Anthony Goodman, assuming that the conversion documentation delivered to Employer is complete, accurate, and in accordance with the terms of the rights of the Series B Preferred Stock, the Company's organizational documents and applicable law, and (b) authorizing the transfer of such Conversion Shares, assuming all requirements of the transfer agent are satisfied and such transfer is otherwise lawful. For the avoidance of doubt, Employer shall have no obligation to provide or pay for any legal opinion, including a Rule 144 opinion letter, or to engage its counsel to provide such an opinion. Notwithstanding that, Employer shall not unreasonably withhold, condition, or delay approval for the transfer agent to accept a third-party legal opinion, provided that such opinion: (i) is prepared by counsel reasonably acceptable to Employer; (ii) meets customary legal standards for such opinions; and (iii) does not, in the reasonable determination of Employer's counsel, contain materially incorrect statements. Employer's obligations under this Section are limited to the foregoing, and nothing herein shall be construed to require Employer to take any action that would cause it to violate any law, the Company's organizational documents, or the rights of any third party, or to incur any material expense or liability. Employer may exercise its discretion reasonably in connection with any such approvals or authorizations, and Employee acknowledges that any assistance provided by Employer is solely to facilitate the conversion of, or transfer of, Conversion Shares, and does not constitute a representation, warranty, or guarantee regarding the legality, marketability, or tradability of such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Employee will also receive his Base Salary and will continue to participate in the Employer's benefit plans through the Termination Date; however, as of the Termination Date, Employee will no longer be able to participate in any employer sponsored benefits.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For the avoidance of doubt, all amounts paid to Employee under Paragraphs 1(i) and 1(ii) will be made on Employer's behalf by its Australian withholding agent, Global Technology Group Pty Ltd. (the "Australian Withholding Agent").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Employer agrees to reimburse Employee up to Ten Thousand Dollars and Zero Cents ($10,000.00), in attorneys' fees and costs incurred by Employee specifically in connection with advice and counsel, and the review and negotiation of this Agreement and the Australia Deed. Employee agrees to submit his request for reimbursement to William Scott, via email at William.scott@warrenside.com, complete with the invoices he has received from his attorney reflecting the actual attorneys' fees and costs incurred, not later than thirty (30) days after this Agreement becomes effective. The Employer's reimbursement will be taxable to the Employee, and the reimbursement (net of required tax withholding) will be paid to the Employee within ten (10) business days of the date the Employer receives Employee's request for reimbursement. For the avoidance of doubt, no reimbursements under this paragraph will be paid after December 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No Other Compensation or Benefits. With the limited/potential exception of Employee's final paycheck, the compensation and benefits specified in Section 1 are the only compensation and benefits to which Employee will be entitled, and no other compensation or benefits of any kind shall be provided to Employee. Employee specifically acknowledges and represents that he is not due or entitled to any additional salary, wages, overtime pay, or other leave (including leave pursuant to any applicable law), or other benefit or payment from, or relating to, the Employer or any Released Persons (defined below) other than those specified in this Agreement or the Australia Deed. As of his Termination Date, Employee will cease active participation in all employee benefit plans, programs, and arrangements Employer makes available to its employees, in accordance with the terms and conditions of such benefit plans, programs, and arrangements, and applicable law. Employee's rights under those benefit plans, programs, and arrangements following his Termination Date are governed solely by the terms of such plans, programs, and arrangements. Accordingly, Employee should review those documents to ascertain his rights (if any) under them. Employee's eligibility for or entitlement to any amounts under the foregoing plans, programs, or arrangements is governed by the terms of those plans, programs, or arrangements, and as required by applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Employee's Promises</u>. In consideration of and in exchange for Employer's promises, Employee agrees to provide the following consideration, which Employer agrees constitutes good and valuable consideration for this Agreement:

(a) Employee agrees to return all tangible property to Employer, or any Group Company, in Employee's possession, custody or control, including any equipment, books, documents, papers, materials, credit cards, cards and keys, and any electronically stored information or data of the Employer. "Group Company" means (a) Golden Matrix Group, Inc. and Global Technology Group Pty Ltd (b) each of their past, present, and future parents, direct and indirect subsidiaries, divisions, sister or affiliated entities, and all other entities under common control with it, in each case whether organized, operating, or located within or outside the United States, and (c) each of the foregoing entities' respective predecessors, successors, and assigns. For the avoidance of doubt, "Group Company" includes any entity in which any person or entity described in clauses (a)–(b) has, directly or indirectly, a controlling, controlled, or common-control interest at any time relevant to the matters covered by this Agreement;

(b) Employee agrees to maintain as secret and confidential, all trade secret, confidential and proprietary, non-public information he was privy to during his employment with Employer, and not to disclose such information except as otherwise permitted by applicable law, and as set forth in Section 9.1 of the Employment Agreement.

(c) Employee further agrees that for a period of one year from the Termination Date, without the express, prior written consent of the Employer, Employee will not accept a role as President or, Chief Executive Officer, with a direct competitor of the Employer where the primary duties involve the operation of a Business to Consumer ("BtoC") or Business to Business ("BtoB") online casino, sports book and online raffles that competes directly with the Employer. Notwithstanding the language above, Employee will be able to maintain his roles and titles with Elray Resources Inc, Articulate Pty Ltd, and Luxor Capital LLC. Employee will not knowingly seek to induce or encourage the resignation of, or seek to recruit, any current senior executive of the Employer with whom the employee worked during the twelve (12) months prior to the Termination Date; and (ii) Employee will not solicit, directly or indirectly, the accounts, work or business of any customer of the Employer with whom Employee worked or otherwise had access to during the twelve (12) months leading up to Employee's Termination Date for the purpose of offering directly competing products or services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Employee Transition</u>. The Parties agree that leading up to the Termination Date will be a transition period, during which Employee will cooperate with Employer to transition out of and away from his day-to-day duties and responsibilities as the Chief Executive Officer. Such transition will include, in cooperation with, or at the request and direction of the Board of Directors (the majority thereof): facilitating a transfer of knowledge, data, reports, analyses and information, in whatever form or media, about the company's business, platforms, strategy, short and long term objectives, core capabilities, technology, research and development, markets, and competitors; the identification and introduction to internal and external stakeholders, partners, vendors, and professional representatives, that contribute, partner, service, supply, and support the company in its domestic and international markets; and the removal of Employee and replacement of Employee by one or more persons identified by the Board of Directors as the authorized person with decision making authority and signatory for all of the Company's banking, investment, brokerage, stock market and securities exchange accounts, platforms, and any other financial, business or reporting related accounts for which a Company representative must be designated for and has decision making and signatory authority. The Parties understand that they have a fiduciary duty to cooperate with each other during this transition to ensure continuity of the business, and preserve the parties respective good will and reputations. The Parties further agree to collaborate on a press release, and internal and external communications announcing Employee's separation, with Employee being given the opportunity to draft an initial press release, and internal communication, which will be submitted to the Board of Directors for review, revision and final approval, and will be issued on or after Employee's Termination Date. Lastly, the Parties agree that the Employee's Termination Date may take place sooner than December 12, 2025, provided the Parties mutually agree, in writing, to a new Termination Date. On the Termination Date, the escrow agent will release severance funds, as well as the resignation by the Employee. The Employee will resign as an officer of the Employer consistent with the Employer's By Laws.

5<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>No Amounts Owing</u>. All amounts payable to Employee hereunder are intended to either comply with, or be exempt from, the requirements set forth in Section 409A of the Internal Revenue Code of 1986, as amended (the "Code"), together with all applicable regulatory guidance thereunder (in the aggregate, "Section 409A"), and this Agreement shall be interpreted and construed in a manner that is consistent with such intent. Except as otherwise set forth herein, Employee acknowledges that Employee has received all wages, compensation, benefits, and that Employer or any Group Company shall owe nothing to Employee or on Employee's behalf to any third party once Employee receives the consideration described in this Agreement and the Australia Deed. Moreover, Employee is solely responsible for any income tax consequences as may apply to Employee as the result of Employer's provision of taxable compensation and benefits to Employee. Employee tax consequences covered by this Paragraph include, but are not necessarily limited to, any income taxes as may be imposed by IRS on Employee under Code section 409A(a)(1). Any payments due to the IRS, or the Australia Tax Office from Employee's receipt of payments hereunder shall be the sole responsibility of Employee, and Employee shall be solely responsible for both the Company's and Employee's amounts for taxes, including withholdings, as a direct result of amounts paid to Employee pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Waiver and Release</u>. Each of (a) Employee and (b) Employer (as applicable, the "Releasing Party"), agree that on behalf of himself/itself, his/its heirs, employees, officers, directors, executors, administrators, successors, and assigns, that Releasing Party shall waive, release and discharge the other party (as applicable, the "Released Party") and such Released Party's past, present, and future parent and subsidiary companies, divisions, affiliates, partners, joint ventures, stockholders, predecessors, successors, assigns, officers, directors, attorneys, heirs, executors, agents, representatives, employees and assigns (in their individual, official and corporate capacities), former employees, and any other person, firm or corporation with whom any of them are now or may hereafter be affiliated (collectively, "Releasees"), from any and all claims, debts, promises, agreements, demands, causes of action, attorneys' fees, losses and expenses of every nature whatsoever, known or unknown, suspected or unsuspected, filed or unfiled, arising prior to the signing of this Agreement, or arising out of or in connection with Employee's employment by and/or separation of employment from Employer, through Employee's Termination Date, including but not limited to the terms of the Employment Agreement, except as otherwise provided herein. This total release includes, but is not limited to, all claims arising directly or indirectly from Employee's employment with and/or separation from Employer, including, but not limited to, breach of contract, breach of the implied covenant of good faith and fair dealing, infliction of emotional harm, wrongful discharge, violation of public policy, defamation and impairment of economic opportunity, violation of any administrative, statutory or codified law or regulation dealing with fair employment practices, any for Employee, claims for violation of the Civil Rights Act of 1866, Title VII of the Civil Rights Act of 1964, the Employee Retirement Income Security Act, the Equal Pay Act, the Fair Labor Standards Act (to the extend waivable), the Rehabilitation Act of 1974, the Family Medical Leave Act ("FMLA"), Age Discrimination in Employment Act, the Americans with Disabilities Act of 1990, the ADA Amendments Act of 2008, the Consolidated Omnibus Budget Reconciliation Act of 1985, and all other federal, state and local statutes, ordinances, executive orders and regulations and any common law claims lying in contract, tort or equity. It is expressly agreed that this Agreement shall operate as a clear and unequivocal waiver by Employee of any claim for compensation, benefits or considerations other than that which is set forth in Paragraph 1 herein.

Nothing in this Agreement is intended to act as a waiver of any claims or causes of action that cannot be waived as a matter of law by either Party, nor shall this Agreement interfere with the Employee's right to file a charge, cooperate or participate in an investigation or proceeding conducted by the Equal Employment Opportunity Commission and/or the Nevada Equal Rights Commission, the National Labor Relations Board, or other federal or state regulatory or law enforcement agency. However, the consideration provided to the Employee in this Agreement shall be the sole relief available to Employee for the claims that are released by the Employee herein and Employee will not be entitled to recover, and agrees to waive any equitable and/or monetary relief, damages, or benefits against the Employer in connection with any such charge, determination, claim, cause of action, complaint, or proceeding without regard to who has filed or brought the charge, complaint, or action seeking relief, or in what venue, or jurisdiction the same is being pursued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Age Discrimination in Employment Act/Older Workers Benefits and Protections Act</u>. Employee acknowledges that Employee has been advised in writing to consult with an attorney before executing this Agreement, and that Employee has had at least twenty-one (21) days after receipt of this Agreement to consider whether to accept or reject this Agreement. Employee understands that Employee may execute this Agreement prior to the end of such twenty-one (21) day period, but is not required to do so. Employee has seven (7) days after execution of this Agreement to revoke it. Such revocation must be in writing and emailed to William Scott at William.scott@warrenside.com. If Employee revokes this Agreement, it shall be null and void. If Employee does not revoke this Agreement within seven (7) days of executing it, this Agreement shall become enforceable on the eighth (8th) day after execution of this Agreement (the "Effective Date"). Employee understands that this Agreement is not intended to be a waiver of claims arising after the date Employee executes this Agreement. The foregoing consideration and revocation periods are inclusive of those required by the Older Workers Benefit Protection Act, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>No Admission of Liability</u>. Employee and Employer hereby represent and warrant that this Agreement is not in any respect an admission or statement of liability or wrongdoing by either Employee or Employer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Mutual Non-Disparagement</u>. Employee agrees not to knowingly, intentionally, or maliciously make false, disparaging, or critical statements about Employer, Employer's agents, representatives or employees, its officers, or the Board of Directors, verbally or in writing, that tarnish, undermine or negatively impact Employer's good will and reputation including, without limitation posting on Glassdoor, Indeed, LinkedIn, Facebook, X, Instagram, Snapchat, TikTok, YouTube, blogs, or other public forums. Similarly, Employer, on behalf of its officers, directors, and currently employed managing speaking agents, agrees not to knowingly, intentionally, or maliciously make false, disparaging, or critical statements about Employee, verbally or in writing, that tarnish, undermine or negatively impact Employee's reputation including, without limitation posting on Indeed, LinkedIn, Facebook, X, Instagram, Snapchat, TikTok, YouTube, blogs, or other public forums. Any breach of this Paragraph shall constitute a material breach of this Agreement. Notwithstanding the foregoing, Employee and Employer may testify truthfully pursuant to an administrative, civil or criminal compulsory process only pursuant to a subpoena or court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. <u>Mutual</u> <u>Confidentiality of Agreement</u>. The Parties agree to keep circumstances of Employee's separation of employment, and their negotiations regarding Employee's separation of employment confidential, except that the Parties may disclose the financial terms of this Agreement and the Australia Deed in compliance with their respective reporting obligations (e.g., SEC, IRS, etc.), to their respective attorneys, accountants, tax planners, or other professional representatives, as necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. <u>Continuing Obligations and Cooperation</u>. Employee agrees to cooperate fully, truthfully, and promptly with Employer in any future legal, regulatory, or administrative proceedings, audits, or investigations related to matters arising during Employee's employment and Employer will indemnify Employee against all costs associated with such cooperation as set forth in that certain Indemnification Agreement dated as of February 19, 2025 by and between Employer and Employee (the "Indemnification Agreement")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. <u>Entire Agreement</u>. This Agreement, together with the Australia Deed, embodies the entire agreement of the Parties and supersedes any and all other agreements, understandings, negotiations, or discussions, either oral or written, express or implied, between the Parties except as incorporated by reference herein, or with respect to any agreement Employee signed with Employer requiring Employee to maintain the confidentiality of its proprietary, confidential, or trade secret information. This Agreement terminates and supersedes the Employment agreement

in its entirety. For the avoidance of doubt, this Agreement shall not supersede the Indemnification Agreement, dated as of February 19, 2025 by and between Employer and Employee (the "Indemnification Agreement") which shall remain in full force and effect.

The Parties acknowledge that no representations, inducements, promises, agreements or warranties, oral or otherwise, have been made by them, or anyone acting on their behalf, which are not embodied in this Agreement; that they have not executed this Agreement in reliance on any representation, inducement, promise, agreement, warranty, fact or circumstance not expressly set forth in this Agreement; and that no representation, inducement, promise, agreement or warranty not contained in this Agreement including, but not limited to, any purported settlements, modifications, waivers or terminations of this Agreement, shall be valid or binding, unless executed in writing by the Parties to this Agreement. This Agreement may be amended, and any provision herein waived, but only in writing, signed by the Party against whom such an amendment or waiver is sought to be enforced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. <u>Binding Nature</u>. This Agreement, and all the terms and provisions contained herein, shall bind the heirs, personal representatives, successors and assigns of each Party, and inure to the benefit of each Party, its agents, directors, officers, employees, servants, successors, and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. <u>Construction</u>. This Agreement shall not be construed in favor of one Party or against the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. <u>Partial Invalidity</u>. This Agreement shall be deemed to consist of a series of separate covenants. If any separate covenant, word, clause, phrase, sentence, paragraph or provision of this Agreement be declared void or is found unenforceable, it may be modified by the Court to make it enforceable and/or severed from this Agreement with the remainder of the Agreement remaining in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. <u>Compliance with Terms</u>. The failure to insist upon compliance with any term, covenant or condition contained in this Agreement shall not be deemed a waiver of that term, covenant or condition, nor shall any waiver or relinquishment of any right or power contained in this Agreement at any one time or more times be deemed a waiver or relinquishment of any right or power at any other time or times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. <u>Enforcement Costs; Arbitration</u>. The Parties agree that in the event of any claim, controversy, dispute, demand or alleged breach, arising out of or relating to this Agreement, the Employment Agreement, or arising out of or related to Employee's employment or termination from the Employer, the Parties shall not immediately submit their claims to adjudication, as contemplated by the Employment Agreement in Paragraph 15. Rather, the Parties will first attempt in good faith to settle the dispute by mediation administered by JAMS. If the parties are unsuccessful at resolving the dispute through mediation, the parties agree to binding arbitration administered by JAMS pursuant to its Employment Arbitration Rules & Procedures (Employment Arbitration Rules & Procedures \| JAMS Mediation, Arbitration, ADR Services) and subject to JAMS Policy on Employment Arbitration Minimum Standards of Procedural Fairness (Employment Arbitration Minimum Standards \| JAMS Mediation, Arbitration, ADR Services). The mediation and/or arbitration shall proceed in Clark County, Nevada, and shall be presided over by a member of the panel of judges available in Clark County, Nevada. Judgment on the Award may be entered in any court having jurisdiction over the matter. This arbitration provision is governed by the Federal Arbitration Act, Title 9 of the United States Code. The Parties agree that in the event a Party breaches any provision of this Agreement, the Employment Agreement, there is a claim, dispute or disagreement arising out of or related to the Employment Agreement, or Employee's employment with the Employer, any such claim, demand or action shall be subject to binding arbitration, in Clark County, Nevada, before arbitration. The Parties further agree that the prevailing Party in that arbitration action shall be entitled to recover all costs and reasonable attorneys' fees incurred in conjunction with the enforcement of this Agreement to the extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. <u>Governing Law and Jurisdiction</u>. This Agreement shall be interpreted under the laws of the State of Nevada, both as to interpretation, performance and enforcement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. <u>Section Headings</u>. The section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19. <u>Voluntary and Knowing</u>. This Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the Parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. <u>Counterparts</u>. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the Parties have executed this Severance and Release Agreement on the respective dates set forth below.

---

| | | | |
|:---|:---|:---|:---|
| Dated this 25<sup>th</sup> day of November 2025. | Dated this 25<sup>th</sup> day of November 2025. | Dated this 25<sup>th</sup> day of November 2025. | Dated this 25<sup>th</sup> day of November 2025. |
| Anthony Brian Goodman | Anthony Brian Goodman | Golden Matrix Group, Inc. | Golden Matrix Group, Inc. |
| Signature: | */s/ Anthony Brian Goodman* | By: | */s/ William Scott* |
| Print Name: | Anthony Brian Goodman | Its: | William Scott |

---

**EXHIBIT A**

DATED November 25, 2025

**Global Technology Group Pty Ltd**

**And**

**Anthony Brian Goodman**

**DEED OF SETTLEMENT AND RELEASE**

WITHOUT PREJUDICE AND SUBJECT TO

CONTRACT

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| | |
|:---|:---|
| **DETAILS** |  |
| **Date** |  |
| **Parties** |  |
| Name | Global Technology Group Pty Ltd |
| ABN | 85 636 173 343 |
| Short form name | Global Tech |
| Notice details | Suite 405, 2 Grosvenor Street, Bondi<br> Junction NSW 2022 Australia<br> Attention: Weiting (Cathy) Feng |
| Name | Anthony Brian Goodman |
| Short form name | Mr. Goodman |
| Notice details | Level 12/167 Macquarie St, Sydney NSW 2000, Australia |

---

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| | |
|:---|:---|
| **Introduction** | **Introduction** |
| A | Mr. Goodman was employed by Global Tech from 26 October 2020. |
| B | Mr. Goodman's employment will be terminated in accordance with the terms set forth in the U.S. Severance and Release Agreement (the "US Release"). |
| C | The parties have agreed to settle all matters relating to the Employment and the Cessation on the terms set out in this deed. |
| **AGREED TERMS** | **AGREED TERMS** |
| **1** | **DEFINED TERMS AND INTERPRETATION** |
| **1.1** | **Defined terms** |
|  | In this deed: |
|  | **Cessation** means the cessation of the Employment, which took effect on the date referred to in Introduction paragraph B. |
|  | **Claim** includes any complaint, action, suit, cause of action, application, arbitration, award, debt due, cost, claim, demand, liability, right, verdict, judgment or order either at law or in equity or arising out of the provisions of any statute, award, order or determination (with the exception of the provisions of any statute, award, order or determination relating to workers' compensation). |

---

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| | |
|:---|:---|
|  | **Confidential Information** means all information confidential to Global Tech and includes all records, documents, accounts, plans, formulae, designs, specifications, price lists, customer lists, correspondence, letters and papers of every description, including copies, relating to the affairs or business of Global Tech or any Related Entity of Global Tech. This also includes information of Global Tech's (or any Related Entity of Global Tech) customers or clients which Mr. Goodman has become aware of in the course of the Employment. <br>**Employment** means the employment referred to in Introduction paragraph A.<br>**Employment Contract** means any agreement, whether memorialized in writing or not, between the Employee and Global Tech regarding the Employment. <br>**Related Entity** has the meaning set out in section 9 of the *Corporations Act 2001* (Cth).<br>**Settlement Sum** means the amount referred to in clause 2.2. |
| **1.2**  | **Interpretation** |
|  | In this deed (including the introduction) unless the contrary intention appears: |

---

(a) headings are for ease of reference only and do not affect the meaning of this deed;

(b) the singular includes the plural and vice versa;

(c) any specified gender includes all other genders;

(d) other grammatical forms of defined words or expressions have corresponding meanings;

(e) where there are two or more persons bound to an obligation, they are bound severally and any two or more of them jointly;

(f) an obligation in favour of two or more persons is for their benefit jointly and severally; and;

(g) a reference to:

(i) the parties means the parties to this deed;

(ii) a person includes a reference to a firm, a corporation, an unincorporated association and a government authority or other government body; a person includes that person's executors, successors and permitted assigns and any person claiming under or through the person;

(iii) a document or deed, including this deed, includes a reference to that document or deed as novated, altered or replaced from time to time;

(iv) a statute or other law or a provision of such a statute or other law means that provision, statute or other law as amended or replaced from time to time, whether before or after the date of this deed and it includes regulations and other instruments made under the statute or other law;

(v) a clause or a schedule is a reference to a clause or a schedule in this deed (including the introduction);

(vi) a thing or an amount includes the whole and each part of it;

(vii) a month means a calendar month; and

(viii) dollars or $ is a reference to US dollars, in accordance with the terms of the US Release.

---

| | |
|:---|:---|
| **2**  | **SETTLEMENT** |
| **2.1** | **Payments to Cessation** |
|  | Mr. Goodman shall receive his pay and benefits in the normal way for the period up to and including Cessation at which point all pay and benefits shall cease, save where set out in this Deed. In particular: |

---

(a) Mr. Goodman shall receive all wages and accrued but untaken annual leave and long service leave owing at the Cessation date.

---

| | |
|:---|:---|
| **2.2**  | **Settlement Sum** |
|  | Mr. Goodman will be provided with a payment as set forth in Section 1 of US Release to which this Agreement serves as an Exhibit A to and which is expressly incorporated by reference herein ("Settlement Sum"). |
| **2.3** | **Payment terms** |
|  | Mr. Goodman will be paid the Settlement Sum in accordance with the manner, at the time(s), and subject to the conditions specified in Section 1 of the US Release. |
| **2.4** | **Tax** |
|  | Mr. Goodman will be liable to pay any tax on the Settlement Sum and Mr. Goodman acknowledges that Global Tech will deduct from that sum such amounts as required under the *Income Tax Assessment Act 1936* (Cth) or other applicable taxation legislation prior to payment. |

---

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| | |
|:---|:---|
| **3**  | **RELEASE AND DISCHARGE** |
| **3.1**  | **Release** |
|  | In consideration of the obligations entered into by Global Tech referred to in this deed and as set forth in the US Release, which is expressly incorporated by reference herein, Mr. Goodman releases and forever discharges Global Tech and all of its associated entities (as that term is defined in section 50AAA of the *Corporations Act 2001 (Cth)),* any Related Entity and associated personnel (including their officers, directors, employees, agents and contractors) in relation to any Claims that Mr. Goodman has had or, but for this deed, may have had against Global Tech in relation to the Employment, the Cessation, and the Employment Contract, save for any entitlement that Mr. Goodman may have arising out of any applicable worker's compensation legislation or any claim under relevant superannuation legislation. |
| **3.2** | **Bar** |
|  | This deed may be pleaded as a bar to any Claim now or in the future commenced or continued by or on behalf of Mr. Goodman, or any person claiming through Mr. Goodman arising out of, from, in, or in connection with the Employment, the Employment Contract or the Cessation, as set out in clause 3.1. |
| **4** | **CONFIDENTIALITY** |
| **4.1** | **Obligations of confidentiality** |
|  | Subject to clause 4.2, Mr. Goodman must keep confidential the following information: |

---

(a) all Confidential Information of which Mr. Goodman has become aware of in the course of the Employment, including any Confidential Information of Global Tech's customers or clients;

(b) all other Confidential Information disclosed by Global Tech to Mr. Goodman; and

(c) the terms of this deed and all negotiations leading up to it.

---

| | |
|:---|:---|
| **4.2**  | **Permitted disclosure** |
|  | A party may disclose this deed and the settlement recorded in it only: |

---

(a) if required by law; or

(b) to enforce this deed; or

(c) to obtain professional legal or accounting advice.

---

| | |
|:---|:---|
| **5**  | **RETURN OF PROPERTY** |
|  | On Cessation, Mr. Goodman must deliver to Global Tech or its authorized representative without any further demand: |

---

(a) documents in Mr. Goodman's possession or control relating in any way to any Confidential Information of or to the business or affairs of Global Tech or any Related Entity;

(b) any property of Global Tech or any Related Entity or thing which of Global Tech or any Related Entity is entitled to possess, including all written or machine-readable material, software, computers, credit cards, fuel cards, security pass and keys; and

(c) documents in Mr. Goodman's possession or control relating or belonging in any way to any of Global Tech's customers or clients, including any property of Global Tech's customers or clients that could be considered confidential in nature.

---

| | |
|:---|:---|
| **6**  | **ONGOING OBLIGATIONS** |
| **6.1**  | **Statements** |
|  | Mr. Goodman undertakes not to disparage, speak or write in terms, which are likely to be injurious to the commercial, professional or personal standing of Global Tech or any of its associated personnel or associated entities (including the officers, directors, employees, agents and contractors of Global Tech), or any customers of Global Tech. <br>Mr. Goodman also undertakes not to incite any other person to do so in any forum or using any mode of communication whatsoever. |

---

---

| | |
|:---|:---|
| **7**  | **STAMP DUTY** |
|  | Any stamp duty payable in respect of this deed will be borne by Global Tech. |
| **8** | **FURTHER ASSURANCES** |
|  | Each party agrees to do everything reasonably necessary to give complete and prompt effect to the terms of this deed. |
| **9** | **ENTIRE AGREEMENT** |
|  | Mr. Goodman declares, represents and agrees that, with respect to the subject matter herein, this deed (i) constitutes his entire agreement with Global Tech, and (ii) supersedes and annuls any and all prior agreements, contracts, promises or representations, whether oral or written, express or implied, made by or on behalf of Global Tech. For avoidance of doubt, the US Release shall not be superseded by this Agreement, is expressly incorporated by reference herein, and will remain in full force and effect.  |

---

---

| | |
|:---|:---|
| **10**  | **PRIOR ADVICE AND REPRESENTATIONS** |
|  | Mr. Goodman acknowledges that: |

---

(a) before executing this deed, he was given reasonable time to seek and obtain legal or other advice of his choice and was afforded a reasonable opportunity to consider his position; and

(b) he has been advised of and understands the terms, conditions and consequences of this deed.

---

| | |
|:---|:---|
| **11**  | **VARIATION AND WAIVER** |
|  | A provision of or right created under this deed may not be: |

---

(a) waived except in writing signed by the party granting the waiver; or varied except in writing signed by the parties.

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| | |
|:---|:---|
| **12**  | **SEVERANCE** |
| **12.1**  | **Reading down** |
|  | If a provision of this deed is void, voidable, unenforceable or illegal but would not be void or voidable or unenforceable or illegal if it were to be read down, and it is capable of being read down, it will be read down accordingly. |
| **12.2**  | **Severability** |
|  | If, despite clause 12.1, a provision of the deed is still void, voidable, unenforceable or illegal: |

---

(a) if the provision would not be void, voidable, unenforceable or illegal if a word or words (as the case may be) were omitted, that word or those words are hereby severed; and

(b) in any other case, the whole provision is hereby severed, and the remainder of this deed has full force and effect.

---

| | |
|:---|:---|
| **13**  | **SUBJECT TO CONTRACT** |
|  | This deed and the US Release are subject to contract and without prejudice until it is executed by the parties at which point it will become open and binding, even if still marked "without prejudice and subject to contract". |
| **14**  | **COUNTERPARTS** |
|  | This deed may be executed in any number of counterparts and all counterparts taken together will constitute one instrument. |
| **15**  | **GOVERNING LAW** |
|  | This deed is governed by the law in force in Sydney, New South Wales and each party irrevocably and unconditionally submits to the non-exclusive jurisdiction of the courts of Sydney, New South Wales. |

---

---

| |
|:---|
| **SIGNING PAGE** |
| **EXECUTED** as a deed. |
| **Executed** for an on behalf of **Global Technology Group Pty Ltd, ABN** 85 636 173 343 in accordance with section 127 of the *Corporations Act* 2011 (Cth) |
| */s/ Weiting Feng* |
| Signature of director |
| Weiting (Cathy) Feng |
| **Signed** by **Anthony Brian Goodman** in the presence of |
| */s/ Anthony Brian Goodman* |
| <u>Anthony Brian Goodman</u> |
| */s/Zhe Yan* |
| Signature of witness |
| {Zhe} Scott Yan |
| Name of witness (print) |

---

## Exhibit 10.2

**EXHIBIT 10.2**

**ESCROW AGREEMENT**

This Escrow Agreement (this "**<u>Agreement</u>**") dated and effective as of November 25, 2025, is entered into by and between Golden Matrix Group, Inc, a Nevada corporation ("**<u>GMGI</u>**"), Anthony Brian Goodman ("**<u>Goodman</u>**"), and The McGeary Law Firm, P.C. (the "**<u>Escrow Agent</u>**" or "**<u>Agent</u>**"), each referred to herein as a "**<u>Party</u>**" and collectively as the "**<u>Parties.</u>**"

**W I T N E S S E T H:**

**WHEREAS**, GMGI and Goodman are party to a Severance and Release Agreement dated on or around the date hereof (the "**<u>Severance Agreement</u>**"), pursuant to which GMGI and Goodman have mutually agreed to terminate Goodman's employment as the Chief Executive Officer of GMGI effective December 12, 2025, unless otherwise agreed by the Parties ("**Termination Date**");

**WHEREAS**, pursuant to the Severance Agreement, among other things, GMGI has agreed to pay Goodman Nine Hundred Fifty One Thousand Seven Hundred and Fifty Dollars and Zero Cents ($951,750.00)(USD) in severance ("**<u>Severance Payment</u>**") and unused vacation determined as of his Termination Date in the amount of Forty-Six Thousand Seven Hundred and Ninety-Two Dollars and Zero Cents ($46,792.00) in accrued, unused vacation pay (the "**<u>Accrued Vacation Pay</u>**");

**WHEREAS**, pursuant to the Severance Agreement, GMGI and Goodman have agreed to enter into this Agreement to provide for GMGI to place (i) the Severance Payment and Accrued Vacation Pay, less all necessary and required withholdings, to include amounts withheld for Goodman's Superannuation fund, and withholdings under Australian law, or the state and federal laws of the United States, as applicable in the amount of $537,327.26; and (the "**<u>Escrowed Funds</u>**"), and (ii) a resignation letter, signed by Goodman in the form attached hereto as **<u>Exhibit A</u>**(the "**<u>Resignation Letter</u>**"), in escrow, both of which shall be released upon written confirmation from GMGI to the Escrow Agent, as set forth herein;;

**WHEREAS**, the Parties desire for the Escrowed Funds and the Resignation Letter to be held in escrow by the Escrow Agent and to be released by the Escrow Agent in accordance with the terms and conditions of this Agreement;

**WHEREAS**, the Escrow Agent is willing to serve as escrow agent pursuant to the terms and conditions of this Agreement.

**NOW THEREFORE**, the Parties hereto agree as follows:

Page 1 of 13

Escrow Agreement

**ARTICLE I**

**INTERPRETATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Definitions</u>. In addition to other terms defined throughout this Agreement, the following terms have the following meanings when used herein:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**<u>Agent</u>**" and "**<u>Escrow Agent</u>**" have the meaning given to such terms in the introductory paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "**<u>Agent Fee</u>**" is defined in <u>Section 4.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "**<u>Agreement</u>**" means this Agreement, as amended, modified and/or supplemented from time to time by written agreement among the Parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "**<u>Business Day</u>**" means a day other than (i) a Saturday, (ii) a Sunday or (iii) a day on which commercial banks in the United States are authorized or required to be closed for business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "**<u>Court Order</u>**" has the meaning given to such term in <u>Section 3.1(c)</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "**<u>Escrowed Funds</u>**" has the meaning given to such term above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "**<u>Governing Documents</u>**" of a Person which is an entity mean the (i) articles or certificate of incorporation or association, certificate of formation, articles of organization or certificate of limited partnership or similar instrument under which such entity is formed; and (ii) the other documents or agreements, including bylaws, partnership agreements of partnerships, operating agreements of limited liability companies, or similar documents, adopted by the entity to govern the formation and internal affairs of the entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "**<u>Person</u>**" means any individual or any general partnership, limited partnership, limited liability partnership, limited liability company, corporation, joint venture, trust, business trust, cooperative or association or any foreign trust or foreign business organization or governmental agency or entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "**<u>Proceedings</u>**" has the meaning given to such term in <u>Section 1.6</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "**<u>Regulations</u>**" has the meaning given to such term in <u>Section 1.8</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "**<u>Severance Agreement</u>**" has the meaning given to such term above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Entire Agreement.</u> This Agreement constitutes the entire agreement among the Parties hereto with respect to the arrangement with the Escrow Agent and supersedes all prior agreements, understandings, negotiations and discussions of the Parties hereto, whether oral or written with respect to the arrangement with the Escrow Agent. There are no warranties, representations and other agreements made by the Parties hereto in connection with the arrangement with the Escrow Agent except as specifically set forth in this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Construction</u>. When used in this Agreement, unless a contrary intention appears: (i) a term has the meaning assigned to it; (ii) "**<u>or</u>**" is not exclusive; (iii) "**<u>including</u>**" means including without limitation; (iv) words in the singular include the plural and words in the plural include the singular, and words importing the masculine gender include the feminine and neuter genders; (v) any agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; (vi) the words "**<u>hereof</u>**", "**<u>herein</u>**" and "**<u>hereunder</u>**" and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision hereof; (vii) references contained herein to Article, Section, Schedule and Exhibit, as applicable, are references to Articles, Sections, Schedules and Exhibits in this Agreement unless otherwise specified; (viii) references to "**<u>writing</u>**" include printing, typing, lithography and other means of reproducing words in a visible form, including, but not limited to email; (ix) references to "**<u>dollars</u>**", "**<u>Dollars</u>**" or "**<u>$</u>**" in this Agreement shall mean United States dollars; (x) reference to a particular statute, regulation or Law means such statute, regulation or law as amended or otherwise modified from time to time; (xi) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein); (xii) unless otherwise stated in this Agreement, in the computation of a period of time from a specified date to a later specified date, the word "**<u>from</u>**" means "**<u>from and including</u>**" and the words "**<u>to</u>**" and "**<u>until</u>**" each mean "**<u>to but excluding</u>**"; and (xiii) references to "**<u>days</u>**" shall mean calendar days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. <u>Waivers and Amendments</u>. This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be waived, in each case only by a written instrument signed by all Parties hereto, or, in the case of a waiver, by the Party waiving compliance. Except as expressly stated herein, no delay on the part of any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any Party hereto of any right, power or privilege hereunder preclude any other or future exercise of any other right, power or privilege hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5. <u>Headings</u>. The division of this Agreement into articles, sections, subsections and paragraphs and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6. <u>Law Governing this Agreement; Consent to Jurisdiction</u>. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. With respect to any suit, action or proceeding relating to this Agreement or to the transactions contemplated hereby ("**<u>Proceedings</u>**"), each Party hereto irrevocably submits to the exclusive jurisdiction of the courts of the County of Clark, State of Nevada and the United States District court located in the county of Clark County in the State of Nevada. Each Party hereto hereby irrevocably and unconditionally (a) waives trial by jury in any Proceeding relating to this Agreement and for any related counterclaim and (b) waives any objection which it may have at any time to the laying of venue of any Proceeding brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have jurisdiction over such Party. As between GMGI and Goodman, the prevailing Party shall be entitled to recover from the other Party its reasonable attorneys' fees and costs. In the event that any provision of this Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable, then the remainder of this Agreement shall not be affected and shall remain in full force and effect.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7. <u>Participation of Counsel</u>. Each Party acknowledges that its legal counsel participated in the preparation of this Agreement and, therefore, stipulates that the rule of construction that ambiguities are to be resolved against the drafting Party shall not be applied in the interpretation of this Agreement to favor any Party against the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8. <u>U.S.A. Patriot Act Representations</u>. Goodman and GMGI hereby represent and warrant that such Parties are not, nor are they acting as an agent, representative, intermediary or nominee for, a person identified on the list of blocked persons maintained by the Office of Foreign Assets Control, U.S. Department of Treasury. In addition, Goodman and GMGI have complied with all applicable U.S. laws, regulations, directives, and executive orders imposing economic sanctions, embargoes, export controls or anti-money laundering requirements, including but not limited to the following laws: (1) the International Emergency Economic Powers Act, 50 U.S.C. 1701-1706; (2) the National Emergencies Act, 50 U.S.C. 1601-1651; (3) section 5 of the United Nations Participation Act of 1945, 22 U.S.C. 287c; (4) Section 321 of the Antiterrorism Act, 18 U.S.C. 2332d; (5) the Export Administration Act of 1979, as amended, 50 U.S.C. app. 2401-2420; (6) the Trading with the Enemy Act, 50 U.S.C. app. 1 et seq.; (7) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56; and (8) Executive Order 13224 (Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism) of September 23, 2001 (collectively the "**<u>Regulations</u>**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9. <u>Authority</u>. Goodman and GMGI confirm that they have full authority or capacity to execute and to perform this Agreement in accordance with its terms; the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby does not and will not result in a breach, violation or default or give rise to an event which, with the giving of notice or after the passage of time, would result in a breach, violation or default of any of the terms or provisions or of any indenture, agreement, judgment, decree or other instrument or restriction to which Goodman or GMGI are a party or by which Goodman and GMGI may be bound or affected; and no further authorization or approval, whether of governmental bodies or otherwise, is necessary in order to enable Goodman and GMGI to enter into and perform the same; and this Agreement constitutes a valid and binding obligation enforceable against Goodman and GMGI in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10. <u>No Untrue Representation or Warranty</u>. Goodman and GMGI confirm that no representation or warranty contained in this Agreement or any attachment, written statement, schedule, exhibit, certificate or instrument furnished or to be furnished by Goodman and GMGI, or in connection with the transactions contemplated hereby, contains or will contain any untrue statement of a material fact, or omits or will omit to state any material fact necessary to make the statements contained herein or therein not misleading.

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**ARTICLE II** 

**APPOINTMENT OF AND DELIVERIES TO THE ESCROW AGENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Appointment</u>. Goodman and GMGI hereby irrevocably designate and appoint the Escrow Agent as its escrow agent for the purposes set forth herein, and the Escrow Agent by its execution and delivery of this Agreement hereby accepts such appointment under the terms and conditions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Escrowed Funds; Resignation Letter</u>. Goodman and GMGI understand and agree that the Severance Payment and Accrued Vacation Pay has or will be deposited with Global Technology Pty Ltd. (the "Australian Withholding Agent"), which has or shall make all necessary and required withholdings consistent with applicable Australian and state or federal U.S. laws from the Severance Payment and Accrued Vacation Pay, and has or will deposit with the Escrow Agent the net Severance Payment and Accrued Vacation Pay, referred to herein as the Escrowed Funds. Further, the Escrow Agent confirms that Goodman has deposited or will deposit the Resignation Letter with the Escrow Agent. The Escrow Agent shall hold the Escrowed Funds in the amount of $537,327.26 and Resignation Letter as an agent for Goodman and GMGI, subject to the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Intention to Create Escrow Over the Escrowed Funds and Resignation Letter</u>. Goodman and GMGI intend that the Escrowed Funds and Resignation Letter shall be held in escrow by the Escrow Agent and released from escrow by the Escrow Agent only in accordance with the terms and conditions of this Agreement.

**ARTICLE III**

**RELEASE OF ESCROW**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Release of Escrow</u>. Pursuant to the Severance Agreement, GMGI and Goodman have agreed to enter into this Agreement to provide for GMGI to place (i) the Severance Payment and Accrued Vacation Pay, less Sixty Thousand Dollars and Zero Cents ($60,000.00), which will be paid to Goodman's Superannuation fund, and less an additional Four Hundred and One Thousand Two Hundred and Fourteen Dollars and Seventy Four Cents ($401,214.74), which will be paid to the Australian Tax Office, by Global Technology Group Pty Ltd (the Australian withholding agent) on behalf of GMGI, leaving a balance of $537,327.26 (the "**<u>Escrowed Funds</u>**"), and (ii) a resignation letter, signed by Goodman in the form attached hereto as **<u>Exhibit A</u>**(the "**<u>Resignation Letter</u>**"), in escrow, pending the release of such Escrowed Funds and Resignation Letter on the 8<sup>th</sup> day following the execution of the Severance Agreement if mutually agreed in writing by the Parties, or the Termination Date, (the "**<u>Release Date</u>**"), upon written confirmation from GMGI to the Escrow Agent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Disputes</u>. Goodman and GMGI acknowledge that the only terms and conditions upon which the Escrowed Funds and Resignation Letter are to be released from escrow are as set forth in <u>Articles 3 and 4</u> of this Agreement. Goodman and GMGI reaffirm their agreement to abide by the terms and conditions of this Agreement with respect to the release of the Escrowed Funds and Resignation Letter. Any dispute with respect to the release of the Escrowed Funds or Resignation Letter shall be resolved pursuant to <u>Section 4.2</u> hereof or by written agreement between Goodman and GMGI.

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**ARTICLE IV**

**CONCERNING THE ESCROW AGENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Duties and Responsibilities of the Escrow Agent</u>. The Escrow Agent's duties and responsibilities shall be subject to the following terms and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Goodman and GMGI acknowledge and agree that the Escrow Agent (i) shall not be required to inquire into whether Goodman or GMGI, or any other party is entitled to receipt of any document, or all or any portion of the Escrowed Funds or Resignation Letter; (ii) shall not be called upon to construe or review the Severance Agreement, the Governing Documents or any other document, instrument or agreement entered into in connection therewith, or the adequacy, accuracy or validity thereof; (iii) shall be obligated only for the performance of such duties as are specifically assumed by the Escrow Agent pursuant to this Agreement; (iv) may rely on and shall be protected in acting or refraining from acting upon any written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by the Escrow Agent in good faith to be genuine and to have been signed or presented by the proper person or party thereto, without being required to determine the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; (v) may assume that any Person purporting to give notice or make any statement or execute any document in connection with the provisions hereof has been duly authorized to do so; (vi) shall not be responsible for the identity, authority or rights of any Person executing or delivering or purporting to execute or deliver this Agreement or any document or any funds deposited hereunder or any endorsement thereon or assignment thereof; (vii) shall not be under any duty to give the property held by the Escrow Agent hereunder any greater degree of care than the Escrow Agent gives its own similar property; (viii) shall not be required to and in fact shall not provide any opinion or guidance as to the legality or validity of any terms or conditions of the Severance Agreement, the Governing Documents or any other document, instrument or agreement entered into in connection therewith, under any law, statute or regulation whatsoever, or any activity taken or proposed to be taken by Goodman or GMGI whatsoever; (ix) shall be able to rely for all purposes on, and assume the validity of any Instructions received by the Escrow Agent hereunder; and (x) may consult counsel satisfactory to the Escrow Agent, in its sole determination, the opinion of such counsel to be full and complete authorization and protection in respect of any action taken, suffered or omitted to be taken by the Escrow Agent hereunder in good faith and in accordance with the opinion of such counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Goodman and GMGI acknowledge that the Escrow Agent is acting solely as a stakeholder at their request and that the Escrow Agent shall not be liable for any action taken, suffered or omitted to be taken by the Escrow Agent in good faith and believed by the Escrow Agent to be authorized or within the rights or powers conferred upon the Escrow Agent by this Agreement. Goodman and GMGI hereby agree to indemnify and hold harmless the Escrow Agent and any of Escrow Agent's partners, employees, agents and representatives from and against any and all actions taken, suffered or omitted to be taken by the Escrow Agent or any of Escrow Agent's partners, employees, agents and representatives hereunder and any and all claims, losses, liabilities, costs, damages and expenses suffered and/or incurred by the Escrow Agent or any of Escrow Agent's partners, employees, agents and representatives arising in any manner whatsoever out of the transactions contemplated by this Agreement and/or any transaction related in any way hereto, including the fees of outside counsel and other costs and expenses of defending itself or any of its partners, employees, agents and representatives against any claims, losses, liabilities, costs, damages and expenses arising in any manner whatsoever in connection with this Agreement, out the transactions contemplated by this Agreement and the Severance Agreement, any misrepresentation of any confirmation, warranty or representation whatsoever of Goodman or GMGI hereunder or in connection with any Instructions, and/or any and all transaction related in any way hereto, except for such claims, losses, liabilities, costs, damages and expenses incurred by reason of the Escrow Agent's gross negligence or willful misconduct. The Escrow Agent shall owe a duty only to Goodman and GMGI under this Agreement and to no other Person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Escrow Agent may at any time resign as the escrow agent hereunder by giving five (5) Business Days prior written notice of resignation to Goodman and GMGI. Prior to the effective date of resignation as specified in such notice, Goodman and GMGI will issue to the Escrow Agent a written instruction authorizing delivery of the Escrowed Funds and Resignation Letter to a substitute escrow agent selected by Goodman and GMGI. If no successor escrow agent is named by Goodman and GMGI, the Escrow Agent may apply to a court of competent jurisdiction in the State of Nevada for appointment of a successor escrow agent, and deposit the Escrowed Funds and Resignation Letter with the clerk of any such court, and/or otherwise commence an interpleader or similar action for a determination of where to deposit the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Escrow Agent shall not be liable for any action taken, suffered or omitted to be taken by it in good faith and reasonably believed by it to be authorized hereby or within the rights or powers conferred upon it hereunder, nor for action taken, suffered or omitted to be taken by it in good faith, and in accordance with advice of counsel, and shall not be liable for any mistake of fact or error of judgment or for any acts or omissions of any kind except to the extent any such liability arose from its own willful misconduct or gross negligence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) This Agreement sets forth exclusively the duties of the Escrow Agent with respect to any and all matters pertinent thereto and no implied duties or obligations shall be read into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The provisions of this <u>Section 4.1</u> and this <u>Article IV</u> shall survive the resignation of the Escrow Agent or the termination of this Agreement.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Dispute Resolution; Judgments</u>. Resolution of disputes arising under this Agreement shall be subject to the following terms and conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If any dispute shall arise with respect to the delivery, ownership, right of possession or disposition of the Escrowed Funds or Resignation Letter, or if the Escrow Agent shall in good faith be uncertain as to its duties or rights hereunder, the Escrow Agent shall be authorized, without liability to anyone, to (i) refrain from taking any action other than to continue to hold the Escrowed Funds and Resignation Letter pending receipt of an instruction from Goodman and GMGI, (ii) commence an interpleader or similar action, suit or proceeding for the resolution of any such dispute; and/or (iii) deposit the Escrowed Funds and Resignation Letter with any court of competent jurisdiction in the State of Nevada, in which event the Escrow Agent shall give written notice thereof to Goodman and GMGI and shall thereupon be relieved and discharged from all further obligations pursuant to this Agreement. The Escrow Agent may, but shall be under no duty to, institute or defend any legal proceedings which relate to the Escrowed Funds or Resignation Letter. The Escrow Agent shall have the right to retain counsel if it becomes involved in any disagreement, dispute or litigation on account of this Agreement or otherwise determines that it is necessary to consult counsel of the Escrow Agent's choosing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Escrow Agent is hereby expressly authorized to comply with and obey any Court Order. In case the Escrow Agent obeys or complies with a Court Order, the Escrow Agent shall not be liable to Goodman or GMGI or any other Person by reason of such compliance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Payment of Escrow Agent</u>. Goodman and GMGI shall reimburse the Escrow Agent for its reasonably outside counsel fees, if any, and only to the extent authorized hereunder and incurred in connection with the performance of its duties and responsibilities hereunder. In addition, Goodman and GMGI hereby agree that the Escrow Agent shall be entitled to a fee of $3,000 (the "**<u>Agent Fee</u>**") in consideration for the services rendered pursuant to this Agreement, payable on the date of this Agreement and deemed earned in full on the date thereof, which shall be split equally between the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Force Majeure</u>. The Escrow Agent shall not be responsible or liable for any failure or delay in the performance of its obligation under this Agreement arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; pandemics; fire; flood; wars; acts of terrorism; civil or military disturbances; governmental quarantines and restrictions; sabotage; epidemic; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications services; accidents; labor disputes; acts of civil or military authority or governmental action; it being understood that the Escrow Agent shall use commercially reasonable efforts to resume performance as soon as reasonably practicable under the circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Further Duties, Responsibilities or Obligations Hereunder</u>. In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or other communication received by Escrow Agent hereunder, Escrow Agent may, in its sole discretion, refrain from taking any action other than retain possession of the Escrowed Funds and Resignation Letter, unless Escrow Agent receives written instructions, signed by Goodman and GMGI, which eliminates such ambiguity or uncertainty.

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**ARTICLE V**

**GENERAL MATTERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>Termination</u>. This Agreement shall terminate upon disbursement of the Escrowed Funds and Resignation Letter in accordance with the terms of this Agreement or earlier upon the resignation of the Escrow Agent in accordance with the terms hereof, provided that <u>Section 1.6</u>, <u>Section 1.8</u>, <u>Section 1.9</u>, <u>Section 5.4</u> and <u>Article IV</u> of this Agreement shall survive any termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>Notices</u>. All notices, approvals, consents, requests, and other communications hereunder shall be in writing and shall be delivered (i) by personal delivery, or (ii) by national overnight courier service, or (iii) by certified or registered mail, return receipt requested, or (iv) via facsimile transmission, with confirmed receipt, or (v) via email. Notice shall be effective upon receipt except for notice via fax (as discussed above) or email, which shall be effective only when the recipient, by return or reply email or notice delivered by other method provided for in this <u>Section 5.2</u>, acknowledges having received that email (with an automatic "**<u>read receipt</u>**" or similar notice not constituting an acknowledgement of an email receipt for purposes of this <u>Section 5.2</u>, but which acknowledgement of acceptance shall also include cases where recipient 'replies' to such prior email, including the body of the prior email in such 'reply'). Such notices shall be sent to the applicable Party or Parties at the address specified on the signature page hereof, subject to notice of changes thereof from any Party with at least ten (10) Business Days' notice to the other Parties. Rejection or other refusal to accept or the inability to deliver because of changed address of which no notice was given shall be deemed to be receipt of the notice as of the date of such rejection, refusal or inability to deliver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. <u>Assignment; Binding Agreement</u>. Neither this Agreement nor any right or obligation hereunder shall be assignable by any Party hereto without the prior written consent of the other Parties hereto. This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective legal representatives, successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. <u>Invalidity</u>. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal, or unenforceable in any respect for any reason, such invalid, illegal or unenforceable term or provision shall be deemed replaced by a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid, illegal or unenforceable term or provision. The Parties expressly acknowledge and agree that this Section is reasonable in view of the Parties' respective interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5. <u>Signatures</u>. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail (email) or downloaded from a website or data room mail (any such delivery, an "**<u>Electronic Delivery</u>**") shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re execute the original form of this Agreement and deliver such form to all other Parties. No Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such Party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

[Remainder of page left intentionally blank. Signature page follows.]

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**IN WITNESS WHEREOF**, the Parties hereto have executed this Escrow Agreement as of the date and year first above written.

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| |
|:---|
| **"<u>Goodman</u>":** |
| */s/ Anthony Brian Goodman* |
| Anthony Brian Goodman |
| Address for Notice: |
| XXXXXXX, Australia |
| Email: XXXXXXX |

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| |
|:---|
| "**<u>GMGI</u>**" |
| **Golden Matrix Group, Inc.** |
| */s/ William Scott* |
| William Scott |
| Title: Chairman of the Board |
| Address for Notice: |
| Attn: William Scott |
| 3651 Lindell Road, Suite D131 |
| Las Vegas, NV 89103 |
| Email: XXXXXXX |

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| |
|:---|
| **"<u>ESCROW AGENT</u>":** |
| **The McGeary Law Firm, P.C.** |
| */s/ Aaron D. McGeary* |
| Aaron D. McGeary |
| Address for Notice: |
| 2 N Central Ave, Suite 1800, Phoenix, Arizona, 85004 |
| Attn: Aaron D. McGeary |
| Email: <u>amcgeary@mcgearylawfirm.com</u> |

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EXHIBIT A

Form of Resignation Letter

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