# EDGAR Filing Document

**Accession Number:** 0001673481
**File Stem:** 0001493152-26-021291
**Filing Date:** 2026-5
**Character Count:** 583165
**Document Hash:** 07553cd9215649179b93db83a2d3794b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-021291.hdr.sgml**: 20260505

**ACCESSION NUMBER**: 0001493152-26-021291

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 23

**CONFORMED PERIOD OF REPORT**: 20260217

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260505

**DATE AS OF CHANGE**: 20260505

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sports Entertainment Gaming Global Corp
- **CENTRAL INDEX KEY:** 0001673481
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 811996183
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38508
- **FILM NUMBER:** 26942738

**BUSINESS ADDRESS:**
- **STREET 1:** 5049 EDWARDS RAND RD.
- **STREET 2:** 4TH FLOOR
- **CITY:** FT. WORTH
- **STATE:** TX
- **ZIP:** 76109
- **BUSINESS PHONE:** (833) 356-8837

**MAIL ADDRESS:**
- **STREET 1:** 5049 EDWARDS RAND RD.
- **STREET 2:** 4TH FLOOR
- **CITY:** FT. WORTH
- **STATE:** TX
- **ZIP:** 76109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Lottery.com Inc.
- **DATE OF NAME CHANGE:** 20211029

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Trident Acquisitions Corp.
- **DATE OF NAME CHANGE:** 20160429

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K/A**

**(Amendment No. 1)**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): February 17, 2026**

**Sports Entertainment Gaming Global Corporation**

**(Exact name of Registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38508** | **No. 81-1996183** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission<br> File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **5049 Edwards Ranch Road, 4<sup>th</sup> Floor** **,<br> Fort Worth, Texas** | **71609** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code: (737) 587-3391**

**N/A**

**(Former name or former address, if changed since last report)**

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** | **Trading** **Symbol(s)** | **Name of each exchange** on which registered |
| **Common Stock, par value $0.001 per share**<br>| **SEGG**<br>| **The Nasdaq Stock Market LLC** |
| **Warrants to purchase one share of common stock, each at a purchase price of $2,300.00** | **LTRYW** | **The Nasdaq Stock Market LLC** |

---

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. ☐

**EXPLANATORY NOTE**

On February 23, 2026, Sports Entertainment Gaming Global Corporation (the "Company") filed a Current Report on Form 8-K (the "Original Report") to report entry into materially definitive agreements and the completion of the acquisition for controlling interest in Veloce Esports Limited, a private company in England and Wales ("Veloce"). The Company is hereby filing this Current Report on Form 8-K/A (the "Amendment") to amend Item 9.01 of the Original Report to present the required financial statements and pro forma financial information. Except for the filing of such financial statements and pro forma financial information, this Amendment does not modify or update the Original Report.

**Item 9.01. Financial Statements and Exhibits.**

(a) Financial
 Statements of Business Acquired.

The unaudited financial statements of Sports Entertainment Gaming Global Corporation as of and for the year ended December 31, 2025, and the related notes are filed herewith as Exhibit 99.1 and are incorporated herein by reference.

(b) Pro
 Forma Financial Information.

The unaudited pro forma condensed combined financial statements of the Company, giving effect to the acquisition of Veloce, which includes the unaudited pro forma condensed consolidated balance sheet as of December 31, 2025 and the unaudited pro forma condensed consolidated statement of operations for the year ended December 31, 2025, and the related notes, are incorporated herein by reference as Exhibit 99.1 hereto.

The pro forma financial information included in this Amendment has been presented for informational purposes only and is not necessarily indicative of the combined financial position or results of operations that would have been realized had the acquisition of Veloce occurred as of the dates indicated, nor is it meant to be indicative of any anticipated combined financial position or future results of operations that the Company will experience after the acquisition of Veloce.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit No. | Description |
| 10.70\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and Daniel Bailey for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-70.htm) |
| 10.71\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and Darryl Eales for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-71.htm) |
| 10.72\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and Andrew Webb for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-72.htm) |
| 10.73\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and James Maclaurin for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-73.htm) |
| 10.74\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and Jack Clarke for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-74.htm) |
| 10.75\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and MPA Creative Limited for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-75.htm) |
| 10.76\* | [Share Purchase Agreement by and between Sports Entertainment Gaming Global Corporation and Crimson Swordblade Limited for the Purchase of Veloce Esports Limited dated February 18, 2026](ex10-76.htm) |
| 99.1\* | [The unaudited pro forma condensed combined financial information of the Company, giving effect to the acquisition of Veloce Esports Limited, which includes the unaudited pro forma condensed combined balance sheet as of December 31, 2025 and the unaudited pro forma condensed](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* 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.

---

| | | |
|:---|:---|:---|
|  | **Sports Entertainment Gaming Global Corporation** | **Sports Entertainment Gaming Global Corporation** |
| Date: May 05, 2026 | By: | */s/ Robert J. Stubblefield* |
|  |  | Robert J. Stubblefield |
|  |  | Chief Financial Officer and [Interim] CEO & President |

---

## Exhibit 10.70

**Exhibit 10.70**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

(1) **DANIEL BAILEY** of Mulberry Barn, Church Lane, Rotherfield Peppard, Henley on Thames, Oxfordshire,
 RG9 5JL (the "**Seller** "); and

(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

1.1 In
 this Agreement unless the context otherwise requires:

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 272,000 shares of common stock of the Buyer;

"**Counsel**" means a barrister of not less than 10 years standing, having experience in claims similar to a relevant Outstanding Claim, as agreed by the Seller and the Buyer, or failing such agreement, as appointed by the President for the time being of the Law Society in England and Wales on the application of either party;

"**Data Room**" has the meaning given in the Subscription Agreement;

"**Deferred Payment**" has the meaning given in clause 9.15;

"**Deferred Payment Date**" has the meaning given in clause 9.15;

"**Disclosed**" has the meaning given in the Subscription Agreement;

"**Disclosure Letter**" has the meaning given in the Subscription Agreement;

**"Due Amount**" means an amount due for payment by the Seller to the Buyer in respect of a Resolved Claim;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

**"Estimated Liability**" means in relation to an Outstanding Claim, a bona fide estimate of the amount of the Seller's liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer's favour, as shall initially be determined by the Buyer at the relevant Deferred Payment Date, and as shall be subsequently agreed or determined in accordance with clause 9.16;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Name on Account: Daniel Bailey Esq

Bank: Coutts & Co

Sort Code: 18-00-02

Account Number: 00602876

IBAN: GB76 COUT 1800 0200 6028 76

BIC/Swift: COUTGB22

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Outstanding Claim**" means a Relevant Claim that has been notified by the Buyer to the Seller in accordance with this Agreement, but which is not a Resolved Claim as at the relevant Deferred Payment Date;

"**Purchase Price**" has the meaning set out in clause 3.1;

"**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Reserved Sum**" has the meaning given in clause 9.15(b);

**"Resolved Claim"** means a Relevant Claim that has either been:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) agreed
 in writing between the Buyer and the Seller as to both liability and quantum;

(b) finally
 determined (as to both liability and quantum) by a court of competent jurisdiction from which
 there is no right of appeal, or from whose judgment the parties are debarred (by passage
 of time or otherwise) from making an appeal; or

(c) unconditionally withdrawn
 by the Buyer in writing;

"**Sale Shares**" means the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 2,058
 B1 Ordinary Shares of £0.01 each in the capital of the Company; and

(b) 1
 B2 Ordinary Share of £0.01 each in the capital of the Company,

held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement;

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006; and

"**Warranty**" has the meaning given in the Subscription Agreement.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

---

| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 The
 purchase price for the Sale Shares shall be £2,672,129 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £672,129
 shall be paid in cash in GBP in accordance with clauses 3.2 and 3.3 (the "**Cash Consideration** ");
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £2,000,000
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (rounded, and being the agreed GBP equivalent of US $10 as at the date of this
 Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):<sup>1</sup>

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| ![](ex10-70_001.jpg) | ![](ex10-70_002.jpg) |
|  | ![](ex10-70_002.jpg) |
|  | ![](ex10-70_002.jpg) |
|  | ![](ex10-70_002.jpg) |
|  | ![](ex10-70_002.jpg) |
|  | ![](ex10-70_002.jpg) |

---

3.3 All
 cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by
 way of electronic transfer of immediately available cleared funds into the Nominated Account.
 Each payment made to the Nominated Account shall discharge the obligations of the Buyer in
 relation to the amount so paid, and the Buyer shall have no obligation as to its distribution
 to the Seller.

<sup>1</sup> Instalments and payment dates to be agreed in a side letter to be entered into by the parties as soon as reasonably practicable after Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares or indemnities in lieu thereof, in a form
 agreed between the parties.

4.2 At
 Completion, the Buyer shall issue the Consideration Shares to the Seller, credited as fully
 paid and issued, or otherwise procure that the Consideration Shares will be issued as soon
 as reasonably practicable, and in any event within five Business Days, thereafter.

---

| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 accordance with clause 9.20 of this Agreement.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the
 "**First Call Option**") and an option to purchase the Second Call Option
 Shares (the "**Second Call Option** "), in each case, subject to and in accordance
 with the terms of this clause 6.

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

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| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall use reasonable endeavours to provide the Seller with access to the Buyer's
 broker in order to facilitate the sale of the Seller's shares in the Buyer as and when
 such shares are unrestricted and the Seller elects to make any such sale.

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| | |
|:---|:---|
| **8** | **DEFAULT** |

---

8.1 If
 all or any part of an instalment of the Cash Consideration is not paid on the applicable
 payment date set out in clause 3.2, or all or any part of the Option Consideration is not
 paid at Option Completion (such amount due but unpaid being an "**Overdue Sum** ")
 then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

---

| | |
|:---|:---|
| **9** | **SELLER WARRANTIES, LIMITATIONS, WITHHOLDING AND SET-OFF** |

---

9.1 The
 Seller warrants to the Buyer that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that each Warranty in the Subscription Agreement is true at
 the date of this Agreement, subject only to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

and clauses 4.3 and 4.6 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.3 The
 Seller acknowledges and agrees that the warranties given pursuant to clause 9.2 are given
 to the Buyer in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 transfer of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 transfer of shares in the capital of the Company to the Buyer from Crimson Swordblade Limited,
 Andrew Webb, MPA Creative Limited, Darryl Eales, James MacLaurin and Jack Clarke pursuant
 to each share purchase agreement entered into by the Buyer and each such person on or about
 the date of this Agreement (the "**Other Share Transfers** "),

and the Seller agrees that its liability for any losses arising from a breach of the warranties given by him pursuant to clause 9.2 shall also extend to any losses suffered or incurred by the Buyer in relation to the Other Share Transfers.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares), or which would have been
 received but for any set-off or withholding in accordance with clauses 9.15 to 9.20.

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim unless and until the liability becomes an actual
 liability or (as the case may be) becomes capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

9.15 If
 on any date other than the Completion Date (a "**Deferred Payment Date** ")
 any amount, whether payable in cash or shares in the common stock of the Buyer, (a "**Deferred Payment**") is due from the Buyer to the Seller under this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 Due Amount (or any part of it) is unpaid, the Buyer shall be entitled (at its sole discretion)
 to satisfy all (to the extent possible) or part of the Seller's liability for the Due
 Amount through set-off against the relevant Deferred Payment, and to treat its obligation
 to make the relevant Deferred Payment as being reduced by the amount so set off; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) there
 is an Outstanding Claim, the Buyer shall be entitled (at its sole discretion) to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) withhold
 from the relevant Deferred Payment an amount equal to the Estimated Liability in respect
 of that Outstanding Claim or, if lower, the full amount of the relevant Deferred Payment
 (such amount, which may be adjusted pursuant to clause 9.16, being the "**Reserved Sum** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) defer
 payment of the relevant Reserved Sum until such time as the Outstanding Claim has become
 a Resolved Claim.

9.16 Where
 clause 9.15(b) applies, the Buyer and the Seller shall use all reasonable endeavours to agree
 the Estimated Liability in respect of the Outstanding Claim as soon as possible, and in any
 event, within the period of five Business Days following the Deferred Payment Date. Failing
 such agreement, the following procedure shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) determination
 of the Estimated Liability shall be referred to Counsel at the request of either party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Counsel
 shall be requested to provide their determination of the Estimated Liability within 15 Business
 Days of accepting their appointment (or such other period as the parties may otherwise agree
 with Counsel);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Counsel
 shall act as an expert and not as arbitrator and their determination regarding the amount
 of the Estimated Liability shall, in the absence of manifest error, be final and binding
 on the parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 Counsel determines that the Estimated Liability is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) equal
 to or greater than an amount equal to 90% of the Buyer's determination of the Estimated
 Liability, Counsel's fees shall be paid for solely by the Seller; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) less
 an amount equal to 90% of the Buyer's determination of the Estimated Liability, Counsel's
 fees shall be paid for solely by the Buyer.

The amount of the Reserved Sum withheld by the Buyer shall be adjusted, to the extent necessary, to reflect any agreement or determination of the Estimated Liability pursuant to this clause 9.16.

9.17 In
 the event that the Buyer withholds a Reserved Sum pursuant to clause 9.15(b) in respect of
 an Outstanding Claim, on that claim becoming a Resolved Claim the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled (at its sole discretion) to satisfy all (to the extent the Reserved Sum is sufficient)
 or part of the Seller's liability for the Due Amount for the relevant Resolved Claim
 through set-off against the corresponding Reserved Sum, and to treat its obligation to pay
 the Reserved Sum as being reduced by the amount set-off; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pay
 to the Seller the remaining balance of the corresponding Reserved Sum (if any) after set-off
 pursuant to clause 9.17(a). The Buyer shall make such payment (whether in cash or by the
 issue of shares in the common stock of the Buyer, as the case may be in respect of the relevant
 Deferred Payment) no later than three Business Days of the Outstanding Claim becoming a Resolved
 Claim.

9.18 Nothing
 in clauses 9.15 to 9.17 shall prejudice, limit or otherwise affect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 right or remedy the Buyer may have against the Seller from time to time, whether arising
 under this or any other agreement or at law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer's right to recover against the Seller, whether before or after the relevant Deferred
 Payment is made in accordance with this Agreement.

9.19 The
 amount of a Reserved Sum withheld by the Buyer in accordance with this clauses 9.15 to 9.17
 shall not be regarded as imposing any limit on the amount of any claims under this or any
 other agreement or at law.

9.20 If
 a Due Amount is not fully satisfied by set-off under clause 9.15(a) or clause 9.17:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) nothing
 in this Agreement shall prevent or otherwise restrict the Buyer's right to recover
 the balance from the Seller, and the Due Amount (to the extent not so satisfied) shall remain
 fully enforceable against the Seller; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer shall be entitled by notice in writing (a "**Clawback Notice**") to
 require the Seller to transfer to the Buyer such number of Consideration Shares then held
 by the Seller with an aggregate value, determined using the VWAP of each share of common
 stock of the Buyer for the five (5) trading days prior to (and excluding) the date of the
 Clawback Notice, as is nearest to the Due Amount (or, if not the full Due Amount, the relevant
 part of the Due Amount that the Buyer may specify in the Clawback Notice) based on a whole
 number of shares (the "**Clawback Shares** "). Clauses 6.10 to 6.12 shall apply
 on a *mutatis mutandis* basis to the transfer of the Clawback Shares (as if the Clawback
 Notice were an Exercise Notice, the Clawback Shares were the Option Shares and completion
 of the transfer of the Clawback Shares (the "**Clawback Completion**") were
 the Option Completion), provided that the Buyer shall be entitled to specify the date for
 Clawback Completion in the Clawback Notice and the payment of the consideration for the Clawback
 Shares shall be automatically satisfied by way of set-off against the Due Amount (or the
 part of the Due Amount that the Buyer may specify in the Clawback Notice) at Clawback Completion.

9.21 Where
 any amount is to be converted between GBP and USD for the purposes of clauses 9.15 to 9.20
 (the date upon which such conversion is required being the "**relevant date** "),
 such conversion shall be determined using the average spot rate of exchange (closing mid-point)
 for the exchange of USD into GBP (or vice versa) as published in the London edition of the
 Financial Times first published on the last Business Day prior to and excluding the relevant
 date, or where no such rate of exchange is published in respect of that date, at the rate
 quoted by www.oanda.com as at the close of business in London on the last Business Day prior
 to and excluding relevant date (such average spot rate calculated by reference to the average
 over the previous 10 Business Days immediately prior to and excluding the relevant date).

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| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |

---

10.1 The
 Buyer warrants to the Seller that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

11 GENERAL PROVISIONS

11.1 Entire
 Agreement

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

11.2 Alterations

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

11.3 Counterparts

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement. No counterpart shall be effective until each party has duly executed at least one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 Payment
 of Costs

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

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| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

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| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

---

| | |
|:---|:---|
| **14** | **NOTICES** |

---

14.1 Every
 notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at daniel@veloce.gg;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

---

| | |
|:---|:---|
| **15** | **APPLICABLE LAW AND SUBMISSION TO JURISDICTION** |

---

15.1 This
 Agreement and any issues, disputes or claims arising out of or in connection with it shall
 be governed by and construed in accordance with English law.

15.2 Each
 party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction
 to settle any dispute or claim (including non-contractual disputes or claims) arising out
 of or in connection with this Agreement or its subject matter or formation.

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller]* *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between Daniel Bailey and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising
 the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA;
 and

(b) the date of Option Completion
 shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ] *.* 

 

Yours faithfully,

*[Signature]* 

 

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | /s/ Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Sign here)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Name of authorised signatory)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Title of authorised signatory)* |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Gregory Potts |
| Witness name: | Gregory Potts |
| Witness occupation: | chief operating officer |
| Witness address: | 5049 Edwards Ranch Rd 4th floor, Fort worth, TX 76109 |

---

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED** by **DANIEL BAILEY** in the presence of: |))))))) | /s/ Daniel Bailey |
| **SIGNED AND DELIVERED AS A DEED** by **DANIEL BAILEY** in the presence of: |))))))) | *(Sign here)* |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Leo Collier |
| Witness name: | Leo Collier |
| Witness occupation: | consultant |
| Witness address: | 53 Pont street<br> London swlx OBD |

---

## Exhibit 10.71

**Exhibit 10.71**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

(1) **DARRYL EALES** of Grey Mill, Grey Mill Lane, Wootton Wawen, Warwickshire, B95 6HL (the "**Seller** ");
 and

(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

1.1 In
 this Agreement unless the context otherwise requires:

"**Advisory Board Invitation Letter**" means the letter from the Buyer to the Seller inviting the Seller to join the advisory board of its Sports.com business division once created and constituted in the period of up to 90 days after Completion;

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 304,413 shares of common stock of the Buyer;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Data Room**" has the meaning given in the Subscription Agreement;

"**Disclosed**" has the meaning given in the Subscription Agreement;

"**Disclosure Letter**" has the meaning given in the Subscription Agreement;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Account name: Darryl Eales

Bank: Barclays Bank Plc

Sort Code: 20-77-62

Account: 40342254

IBAN: GB39BUKB20776240342254

BIC: BUKBGB22

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Purchase Price**" has the meaning set out in clause 3.1;

"**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Sale Shares**" means the 3,098 A Ordinary Shares of £0.01 each in the capital of the Company held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement; and

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

---

| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

3.1 The
 purchase price for the Sale Shares shall be £3,738,333 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £1,500,000
 (one million five hundred thousand) shall be paid in cash in GBP in accordance with clauses
 3.2 and 3.3 (the "**Cash Consideration** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £2,238,333
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (rounded, and being the agreed GBP equivalent of US $10 as at the date of this
 Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £125,000 | Completion Date |
| £125,000 | 17 March 2026 |
| £312,500 | 15 April 2026 |
| £312,500 | 15 July 2026 |
| £312,500 | 15 October 2026 |
| £312,500 | 15 February 2027 |

---

3.3 All
 cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by
 way of electronic transfer of immediately available cleared funds into the Nominated Account.
 Each payment made to the Nominated Account shall discharge the obligations of the Buyer in
 relation to the amount so paid, and the Buyer shall have no obligation as to its distribution
 to the Seller.

3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares.

4.2 At
 Completion, the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) pay
 the first instalment of the Cash Consideration to the Seller in accordance with clauses 3.2
 and 3.3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) issue
 the Consideration Shares to the Seller, credited as fully paid and issued, or otherwise procure
 that the Consideration Shares will be issued as soon as reasonably practicable, and in any
 event within five Business Days of Completion; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) deliver
 the Advisory Board Invitation Letter to the Seller.

---

| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the
 "**First Call Option**") and an option to purchase the Second Call Option
 Shares (the "**Second Call Option** "), in each case, subject to and in accordance
 with the terms of this clause 6.

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

---

| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall procure that the Seller shall have access to the Buyer's broker in order
 for the Seller to facilitate the sale of shares in the Buyer as and when such shares are
 unrestricted and the Seller elects to make any such sale.

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| | |
|:---|:---|
| **8** | **DEFAULT** |

---

8.1 If
 all or any part of an instalment of the Cash Consideration is not paid on the applicable
 payment date set out in clause 3.2, or all or any part of the Option Consideration is not
 paid at Option Completion (such amount due but unpaid being an "**Overdue Sum** ")
 then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

8.2 If
 the issue of any shares pursuant to this Agreement will result in the Seller holding more
 than 5% of the shares of common stock of the Buyer, the Seller may elect at its sole discretion
 (and by giving written notice to the Buyer) to be issued pre-funded warrants (in the form
 substantially set out in Schedule 2) with the exercise price being the price at which the
 shares would otherwise have been issued in respect such shares in the common stock of the
 Buyer to avoid the Seller exceeding that threshold and the Buyer shall issue such pre-funded
 warrants to the Seller within 10 Business Days of the notice being given by the Seller.

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| | |
|:---|:---|
| **9** | **SELLER WARRANTIES AND LIMITATIONS** |

---

9.1 The
 Seller warrants to the Buyer that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that, subject to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

so far as the Seller is actually aware (the defined terms in this clause 9.2 being as defined in the Subscription Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Accounts have been prepared in accordance with accounting principles, standards and practices
 which are generally accepted in the United Kingdom as at the Accounts Date and on the same
 basis and in accordance with the same accounting policies as the corresponding accounts for
 the preceding three financial years (save as disclosed in the Accounts or such corresponding
 accounts), comply with the requirements of the Companies Act 2006 and give a true and fair
 view of the state of affairs of the Company and the Subsidiaries on a consolidated basis
 (in relation to the group accounts) and the Company (in relation to the Company accounts)
 at the Accounts Date and of the profits and losses for the period concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Management Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (having regard for the purpose for which they were prepared and the information known to the Company at the date on which they were prepared) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) are not inaccurate or misleading in any material respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Since
 the Management Accounts Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been carried on in the ordinary course and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) save in respect of the acquisition of additional shares in the capital of Quadrant Esports Limited, it has not acquired or disposed of or agreed to acquire or dispose of any business or any material asset (other than trading stock in the ordinary course of the business carried on by it) or assumed or acquired any material liability (including a contingent liability);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution (as defined by sections 1000, 1064 and 455, 459, and 460 of the Corporation Taxes Act 2010) has been declared, made or paid to its members nor has it repaid any loan capital or other debenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no change has been made (or agreed to be made) in the emoluments or other terms of employment of any of its directors nor has it paid any bonus or special remuneration to any of its directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) it has not borrowed monies (except in the ordinary course of the business carried on by it or from its bankers under agreed loan facilities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) there has not been any material deterioration in the financial position or, so far as the Company is aware, prospects of the Business (whether in consequence of normal trading or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no employee on a salary in excess of £100,000 per annum has been dismissed or made redundant nor has the Company taken or omitted to take any action which would entitle any such employee to claim that they have been constructively dismissed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) it has not incurred any material liabilities or obligations, contingent or otherwise, other than:

&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) liabilities and obligations incurred in the ordinary course of business since the Management Accounts Date; or

&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) liabilities and obligations that would not be required under accounting principles, standards and practices which are generally accepted in the United Kingdom to be disclosed on a balance sheet of the Company if one were prepared as of the date of this Agreement.

9.3 Each
 warranty statement in clause 9.2 is a separate and independent warranty, and, save as otherwise
 expressly provided, no such warranty statement shall be limited by reference to any other
 warranty statement or by the other terms of this Agreement.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud , or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares).

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a mutatis mutandis
 basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim until the liability becomes an actual liability
 or (as the case may be) becomes capable of being quantified and provided that notice is given
 to the Seller within 15 Business Days of the liability becoming an actual liability or (as
 the case may be) becoming capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss, whether such loss is recovered
 pursuant to this Agreement, the Subscription Agreement or any other share transfer agreement
 entered into on or around the date of this Agreement.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

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| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |

---

10.1 The
 Buyer warrants to the Seller that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

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| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |

---

11.1 **Entire Agreement** 

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 **Alterations** 

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 **Counterparts** 

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement.

No counterpart shall be effective until each party has duly executed at least one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 **Payment of Costs** 

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

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| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

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| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

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| | |
|:---|:---|
| **14** | **NOTICES** |

---

14.1 Every
 notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at darryl@alytech.co.uk, with
 a copy (which shall not constitute notice) to Laura.Chandler@Mishcon.com;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

14.4 The
 Buyer appoints the Company of 58a Bronsart Road, London, England, SW6 6AA to act as its agent
 to accept service of process and any other documents in any legal action or proceedings arising
 out of or in connection with this Agreement in England and Wales.

14.5 The
 Buyer undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 will maintain such appointment, or an appointment with a replacement agent for service with
 a registered office in England and Wales, in full force and effect for so long as any of
 its obligations under this Agreement remain outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the Company ceases to be its agent for service of process in England and Wales,
 including in circumstances where the Buyer wishes to replace the Company as its agent, it
 will immediately appoint a replacement agent for service with a registered office address
 in England and Wales and notify the Seller in writing of the name and address of such replacement
 agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Buyer fails to appoint a replacement agent in accordance with clause 14.5(b) above, the
 Seller shall be entitled (without prejudice to any other mode of service) to serve any process
 or other document by sending the same by registered post to the Buyer and/or the Company
 at its last known address, and such service shall be deemed effective.

---

| | |
|:---|:---|
| **15** | **APPLICABLE LAW AND DISPUTE RESOLUTION** |

---

15.1 This
 Agreement and any issues, disputes or claims arising out of or in connection with it shall
 be governed by and construed in accordance with English law.

15.1 Each
 party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction
 to settle any dispute or claim (including non-contractual disputes or claims) arising out
 of or in connection with this Agreement or its subject matter or formation.

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller]* <br> *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between Darryl Eales and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ].

Yours faithfully,

*[Signature]*

 

**SCHEDULE 2**

**FORM OF WARRANT**

**Appendix**

**COMMON STOCK PURCHASE WARRANT**

**Sports Entertainment Gaming Global Corporation**

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| | |
|:---|:---|
| **Warrant Shares: XXX,XXX, subject to adjustment as set forth herein.** | **Issuance Date: XXX,XXX** |

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THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, **XXX,XXX**, or its registered assigns (the "Holder") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date as set forth above and on or prior to the close of business on the fifth and half annual anniversary of the Issuance Date (the "Termination Date") but not thereafter, to subscribe for and purchase from **Sports Entertainment Gaming Global Corporation**., a Delaware company with principal executive offices at 5049 Edwards Ranch Road, 4<sup>th</sup> Floor, Fort Worth, Texas 76109 (the "Company"), the number of shares of common stock, par value $0.001 per share (the "Common Stock") of the Company (as subject to adjustment hereunder, the "Warrant Shares") as set forth above. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2.

Section 1. <u>Warrant Shares</u>. This Warrant is issued and entered into pursuant to the Share Purchase Agreement, dated as of **XXX,XXX**, by and between the Company and the Holder (the "Purchase Agreement").

Section 2. <u>Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exercise
 of the purchase rights represented by this Warrant may be made, in whole or in part, at any
 time or times on or after Issuance Date and before the Termination Date by delivery to the
 Company (or such other office or agency of the Company as it may designate by notice in writing
 to the registered Holder at the address of the Holder appearing on the books of the Company)
 of a duly executed facsimile copy of the Notice of Exercise Form attached hereto. Within
 two (2) Trading Days (as defined below) following the date of aforesaid exercise, the Holder
 shall deliver the aggregate Exercise Price (if the exercise is pursuant to Section 2(b))
 for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's
 check drawn on a bank specified in the applicable Notice of Exercise. No ink-original Notice
 of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
 or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to
 the contrary (although the Holder may surrender the Warrant to, and receive a replacement
 Warrant from, the Company), the Holder shall not be required to physically surrender this
 Warrant to the Company until the Holder has purchased all of the Warrant Shares available
 hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender
 this Warrant to the Company for cancellation within three (3) Trading Days of the date the
 final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
 in purchases of a portion of the total number of Warrant Shares available hereunder shall
 have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
 in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the
 Company shall maintain records showing the number of Warrant Shares purchased and the date
 of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
 within one (1) Trading Day of delivery of such notice. **The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.** For purposes herein, the term "Trading Day"
 means any day that shares of Common Stock are listed for trading or quotation on any Trading
 Market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Exercise Price</u>. The aggregate exercise price of this Warrant was pre-funded to the Company prior
 to the Initial Exercise Date and, consequently, no additional consideration shall be required
 to be paid by the Holder to any Person to effect any exercise of this Warrant. The Holder
 shall not be entitled to the return or refund of all, or any portion, of such pre-paid aggregate
 exercise price under any circumstance or for any reason whatsoever, including in the event
 this Warrant shall not have been exercised prior to the Termination Date.

Notwithstanding anything herein to the contrary, on the Termination Date, unless the Holder notifies the Company otherwise, if there is no effective registration statement registering the Warrant Shares, or no current prospectus available for, the resale of the Warrant Shares by the Holder, then this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c); provided however, that if the automatic exercise contemplated under this Section shall result in a conflict with the beneficial ownership limitations of Section 2(e), the Termination Date shall be extended so long as necessary to provide for full exercise of the Warrant under this Section 2(c). If Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised, and the holding period of the Warrant Shares being issued may be tacked on to the holding period of this Warrant. Assuming (i) the Holder is not an Affiliate of the Company, and (ii) all of the applicable conditions of Rule 144 promulgated under the Securities Act with respect to Holder and the Warrant Shares are met in the case of such a cashless exercise, the Company agrees that the Company will cause the removal of the legend from such Warrant Shares (including by delivering an opinion of the Company's counsel to the Company's transfer agent at its own expense to ensure the foregoing), and the Company agrees that the Holder is under no obligation to sell the Warrant Shares issuable upon the exercise of the Warrant prior to removing the legend. The Company agrees not to take any position contrary to this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Mechanics of Exercise</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;(i) <u>Delivery of Certificates Upon Exercise</u>. Certificates for shares purchased hereunder shall be transmitted
 by the Company's then-engaged transfer agent (the "Transfer Agent") to
 the Holder by crediting the account of the Holder's broker with The Depository Trust
 Company through its Deposit or Withdrawal at Custodian system (" <u>DWAC</u> ")
 if the Company is then a participant in such system and there is an effective registration
 statement permitting the issuance of the Warrant Shares to, or resale of the Warrant Shares,
 by the Holder and otherwise by physical delivery to the address specified by the Holder in
 the Notice of Exercise by the date that is two (2) Trading Days after the delivery to the
 Company of the Notice of Exercise, (such date, the "Warrant Share Delivery Date").
 The Warrant Shares shall be deemed to have been issued, and Holder or any other person so
 designated to be named therein shall be deemed to have become a holder of record of such
 shares for all purposes, as of the date the Warrant has been exercised, with payment to the
 Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior
 to the issuance of such shares, having been paid. The Company understands that a delay in
 the delivery of the Warrant Shares after the Warrant Share Delivery Date could result in
 economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees
 to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant
 Shares upon exercise of this Warrant the amount of $500.00 per Trading Day. The Company shall
 pay any payments incurred under this Section 2(d) in immediately available funds, or shares
 of Common Stock of the Company, in the Holder's discretion, upon demand. Furthermore,
 in addition to any other remedies which may be available to the Holder, in the event that
 the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant
 Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
 delivery of a notice to such effect to the Company, whereupon the Company and the Holder
 shall each be restored to their respective positions immediately prior to the exercise of
 the relevant portion of this Warrant, except that the liquidated damages described above
 shall be payable through the date notice of revocation or rescission is given to the Company.

&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) <u>Delivery of New Warrants Upon Exercise</u>. If this Warrant shall have been exercised in part, the
 Company shall, at the request of Holder and upon surrender of this Warrant certificate, at
 the time of delivery of the certificate or certificates representing Warrant Shares, deliver
 to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased
 Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
 be identical with this Warrant.

&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) <u>Rescission Rights</u>. If the Company fails to cause the Transfer Agent to transmit to the Holder a
 certificate or the certificates representing the Warrant Shares by the Warrant Share Delivery
 Date, then the Holder will have the right, at any time prior to issuance of such Warrant
 Shares, to rescind such exercise.

&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) <u>No Fractional Shares or Scrip</u>. No fractional shares or scrip representing fractional shares
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at
 its election, either pay a cash adjustment in respect of such final fraction in an amount
 equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&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) <u>Charges, Taxes and Expenses</u>. Issuance of certificates for Warrant Shares shall be made without
 charge to the Holder for any issue or transfer tax or other incidental expense in respect
 of the issuance of such certificate, all of which taxes and expenses shall be paid by the
 Company, and such certificates shall be issued in the name of the Holder or in such name
 or names as may be directed by the Holder; provided, however, that in the event certificates
 for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant
 when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
 duly executed by the Holder and the Company may require, as a condition thereto, the payment
 of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company
 shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

&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) <u>Closing of Books</u>. The Company will not close its shareholder books or records in any manner which
 prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Holder's Exercise Limitations; Exchange Cap</u>. The Company shall not effect any exercise of this
 Warrant, and Holder shall not have the right to exercise any portion of this Warrant, to
 the extent that after giving effect to such issuance after exercise as set forth on the applicable
 Notice of Exercise, the Holder (together with the Holder's affiliates, and any other
 Persons acting as a group together with the Holder or any of the Holder's affiliates),
 would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).
 For purposes of the foregoing sentence, the number of shares of Common Stock beneficially
 owned by the Holder and its affiliates shall include the number of shares of Common Stock
 issuable upon exercise of this Warrant with respect to which such determination is being
 made, but shall exclude the number of shares of Common Stock which would be issuable upon
 (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by
 the Holder or any of its affiliates and (ii) exercise or conversion of the unexercised or
 nonconverted portion of any other securities of the Company (including, without limitation,
 any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
 to the limitation contained herein beneficially owned by the Holder or any of its affiliates.
 Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial
 ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the
 rules and regulations promulgated thereunder, it being acknowledged by the Holder that the
 Company is not representing to the Holder that such calculation is in compliance with Section
 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required
 to be filed in accordance therewith. To the extent that the limitation contained in this
 Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
 to other securities owned by the Holder together with any affiliates) and of which portion
 of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission
 of a Notice of Exercise shall be deemed to be the Holder's determination of whether
 this Warrant is exercisable (in relation to other securities owned by the Holder together
 with any affiliates) and of which portion of this Warrant is exercisable, in each case subject
 to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify
 or confirm the accuracy of such determination. In addition, a determination as to any group
 status as contemplated above shall be determined in accordance with Section 13(d) of the
 Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section
 2(e), in determining the number of outstanding shares of Common Stock, Holder may rely on
 the number of outstanding shares of Common Stock as reflected in (A) the Company's
 most recent periodic or annual report filed with the Commission, as the case may be, (B)
 a more recent public announcement by the Company or (C) a more recent written notice by the
 Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
 Upon the written or oral request of Holder, the Company shall within two Trading Days confirm
 orally and in writing to the Holder the number of shares of Common Stock then outstanding.
 In any case, the number of outstanding shares of Common Stock shall be determined after giving
 effect to the conversion or exercise of securities of the Company, including this Warrant,
 by the Holder or its affiliates since the date as of which such number of outstanding shares
 of Common Stock was reported. The "Beneficial Ownership Limitation" shall be
 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect
 to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder
 may decrease the Beneficial Ownership Limitation at any time and the Holder, upon not less
 than sixty-one (61) days' prior notice to the Company, may increase or waive the Beneficial
 Ownership Limitation provisions of this Section 2(e), provided that any such increase or
 waiver will not be effective until the 61<sup>st</sup> day after such notice is delivered
 to the Company. The provisions of this paragraph shall be construed and implemented in a
 manner otherwise than in strict conformity with the terms of this Section 2(e) to correct
 this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
 Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
 or desirable to properly give effect to such limitation. The limitations contained in this
 paragraph shall apply to a successor holder of this Warrant. In the event that the Company
 is prohibited from issuing any shares of Common Stock pursuant to this Warrant due to the
 Company's failure to obtain the Shareholder Approval (such number of shares that are
 prohibited from being issued are referred to herein as the "Exchange Cap Shares"),
 in lieu of issuing and delivering such Exchange Cap Shares to the Holder, the Company shall
 pay cash to the Holder in exchange for the cancellation of such portion of this Warrant exercisable
 into such Exchange Cap Shares (the "Exchange Cap Payment Amount") at a price
 equal to the sum of (x) the product of (A) such number of Exchange Cap Shares and (B) the
 greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing
 on the date the Holder delivers the applicable Exercise Notice with respect to such Exchange
 Cap Shares to the Company and ending on the date of the aforementioned payment under this
 Warrant and (y) to the extent the Holder purchases (in an open market transaction or otherwise)
 shares of Common Stock to deliver in satisfaction of a sale by the Holder of Exchange Cap
 Shares, any brokerage commissions and other out-of-pocket expenses, if any, of the Holder
 incurred in connection therewith. The limitations contained in this paragraph shall apply
 to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Voluntary Adjustment By Company.</u> Subject to the rules and regulations of the primary Trading Market,
 the Company may at any time during the term of this Warrant, with the prior written consent
 of the Required Holders, reduce the then current Exercise Price to any amount and for any
 period of time deemed appropriate by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Number of Warrant Shares</u>. Simultaneously with any adjustment to the Exercise Price pursuant
 to this Warrant, the number of Warrant Shares that may be purchased upon exercise of this
 Warrant shall be increased proportionately, so that after such adjustment the aggregate Exercise
 Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the
 aggregate Exercise Price in effect immediately prior to such adjustment (without regard to
 any limitations on exercise contained herein). For the avoidance of doubt, the aggregate
 Exercise Price payable prior to such adjustment is calculated as follows: the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation) multiplied by the Exercise Price
 in effect immediately prior to such adjustment. By way of example, if E is the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation), F is the Exercise Price in effect
 immediately prior to such adjustment, and G is the Exercise Price in effect immediately after
 such adjustment, the adjustment to the number of Warrant Shares can be expressed in the following
 formula: Total number of Warrant Shares after such adjustment = the number obtained from
 dividing [E x F] by G.

Section 3. <u>Certain Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Definition</u>.
 For purposes herein, "Exempt Issuance" means the issuance of (a) shares of Common
 Stock or options to employees, officers, directors, advisors or independent contractors of
 the Company; provided, that such issuance is approved by a majority of the Board; and provided,
 further that such issuance shall not exceed in the aggregate 7.5% of the outstanding shares
 of Common Stock without the prior approval of the Holder, (b) securities upon the exercise
 of this Warrant or the exchange or conversion of any other securities issued to the Holder
 pursuant to the Purchase Agreement, and (c) securities issued pursuant to acquisitions or
 any other strategic transactions approved by a majority of the disinterested members of the
 Board; provided, that such acquisitions and other strategic transactions shall not include
 a transaction in which the Company is issuing securities primarily for the purpose of raising
 capital or to an entity whose primary business is investing in securities.

Section 4. <u>Transfer of Warrant</u>. Transferability. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant to the Company or its designated agent via email together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

Section 5. <u>New Warrants</u>. Subject to compliance with all applicable securities laws, this Warrant may be divided or combined with other Warrants upon presentation hereof to the Company via email, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto. <u>Warrant Register</u>. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the "Warrant Register"), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

Section 6. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which shall not include the posting of any bond), and upon surrender and cancellation
 of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new
 Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
 such Warrant or stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Saturdays, Sundays, Holidays, etc</u>. If the last or appointed day for the taking of any action or
 the expiration of any right required or granted herein shall not be a Trading Day, then,
 such action may be taken or such right may be exercised on the next succeeding Trading Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Authorized Shares</u>. The Company covenants that, during the period the Warrant is outstanding, it
 will reserve from its authorized and unissued Common Stock a sufficient number of shares
 to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
 under this Warrant, which number shall be at least 500% of the number of Warrant Shares to
 be issued upon exercise of this Warrant. The Company further covenants that its issuance
 of this Warrant shall constitute full authority to its officers who are charged with the
 duty of executing stock certificates to execute and issue the necessary certificates for
 the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
 will take all such reasonable action as may be necessary to assure that such Warrant Shares
 may be issued as provided herein without violation of any applicable law or regulation, or
 of any requirements of the trading market
 upon which the Common Stock may be listed. The Company covenants that all Warrant Shares
 which may be issued upon the exercise of the purchase rights represented by this Warrant
 will, upon exercise of the purchase rights represented by this Warrant and payment for such
 Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and

 of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously
 with such issue). Except and to the extent as waived or consented to by the Holder, the Company
 shall not by any action, including, without limitation, amending its articles of incorporation
 or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue
 or sale of securities or any other voluntary action, avoid or seek to avoid the observance
 or performance of any of the terms of this Warrant, but will at all times in good faith assist
 in the carrying out of all such terms and in the taking of all such actions as may be necessary
 or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
 Without limiting the generality of the foregoing, the Company will (i)
 not increase the par value of any Warrant Shares above the amount payable therefor upon such
 exercise immediately prior to such increase in par value; (ii) take all such action as may
 be necessary or appropriate in order that the Company may validly and legally issue fully
 paid and nonassessable Warrant Shares upon the exercise of this Warrant; and (iii) use commercially
 reasonable efforts to obtain all such authorizations, exemptions or consents from any public
 regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to
 perform its obligations under this Warrant. Before taking any action which would result in
 an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in
 the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof,
 or consents thereto, as may be necessary from any public regulatory body or bodies having
 jurisdiction thereof. Failure to maintain sufficient shares for exercise of the Warrant,
 shall constitute an Event of Default under the Purchase Agreement and Holder shall be able
 to rely on any applicable default remedies thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law and Jurisdiction</u>. This Warrant shall be deemed executed, delivered and performed
 State of Delaware ("Delaware"). This Warrant shall be solely and exclusively
 construed and enforced in accordance with, and all questions concerning the construction,
 validity, interpretation and performance of this Warrant shall be governed solely and exclusively
 by the internal laws of Delaware, without giving effect to any choice of law or conflict
 of law provision or rule (whether of Delaware or any other jurisdiction) that would cause
 the application of the laws of any jurisdiction other than Delaware. The Company irrevocably
 and exclusively consents to and expressly agrees that binding arbitration in Delaware conducted
 by the Arbitrator Conflict Resolution Centre shall be their sole and exclusive remedy for
 any dispute arising out of or relating to the Warrant, Irrevocable Instructions or any other
 agreement between the parties, the Company's transfer agent or the relationship of
 the parties or their affiliates, and that the arbitration shall be conducted via telephone
 or teleconference. If the Arbitrator is not available, a different arbitrator or in Delaware
 shall be chosen by the Holder and agreed upon by the Company. Company covenants and agrees
 to provide written notice to Holder via email prior to bringing any action or arbitration
 action against the Company's transfer agent or any action against any person or entity
 that is not a party to this Warrant that is related in any way to this Warrant or any of
 the Exhibits under this Warrant or any transaction contemplated herein or therein, and further
 agrees to timely notify Holder to any such action. Company acknowledges that the governing
 law and venue provisions set forth in this Warrant are material terms to induce Holder to
 enter into the Transaction Documents and that but for Company's agreements set forth
 in this section, Holder would not have entered into the Transaction Documents. In the event
 that the Holder needs to take action to protect their rights under the Warrant, the Holder
 may commence action in any jurisdiction needed with the understanding that the Warrant shall
 still be solely and exclusively construed and enforced in accordance with, and all questions
 concerning the construction, validity, interpretation and performance of this Warrant shall
 be governed solely and exclusively by the internal laws of Delaware, without giving effect
 to any choice of law or conflict of law provision or rule (whether of Delaware or any other
 jurisdiction) that would cause the application of the laws of any jurisdiction other than
 the Delaware. Each party hereby irrevocably waives personal service of process and consents
 to process being served in any suit, action or proceeding in connection with this Note or
 any other related transaction document by email. This section and provision of the Warrant
 will not apply to the Confession of Judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Restrictions</u>.
 The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant,
 if not registered, will have restrictions upon resale imposed by state and federal securities
 laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Non-waiver and Expenses</u>. No course of dealing or any delay or failure to exercise any right hereunder
 on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
 Holder's rights, powers or remedies. Without limiting any other provision of this Warrant
 or the Purchase Agreement, if the Company fails to comply with any provision of this Warrant,
 which results in any material damages to the Holder, the Company shall pay to the Holder
 such amounts as shall be sufficient to cover any costs and expenses including, but not limited
 to, reasonable attorneys' fees, including those of appellate proceedings, incurred
 by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any
 of its rights, powers or remedies hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Notices</u>.
 Any notice, request or other document required or permitted to be given or delivered hereunder
 shall be delivered in accordance with the notice provisions of the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation of Liability</u>. No provision hereof, in the absence of any affirmative action by the Holder
 to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights
 or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
 price of any Common Stock or as a shareholder of the Company, whether such liability is asserted
 by the Company or by creditors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Remedies</u>.
 The Holder, in addition to being entitled to exercise all rights granted by law, including
 recovery of damages, will be entitled to specific performance of its rights under this Warrant.
 The Company agrees that monetary damages would not be adequate compensation for any loss
 incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
 to waive and not to assert the defense in any action for specific performance that a remedy
 at law would be adequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Successors and Assigns</u>. Subject to applicable securities laws, this Warrant and the rights and obligations
 evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted
 assigns of the Company and the successors and permitted assigns of Holder. The provisions
 of this Warrant are intended to be for the benefit of any Holder from time to time of this
 Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Amendment</u>.
 Other than as specifically set forth herein, this Warrant may be modified or amended or the
 provisions hereof waived only with the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Severability</u>.
 Wherever possible, each provision of this Warrant shall be interpreted in such manner as
 to be effective and valid under applicable law, but if any provision of this Warrant shall
 be prohibited by or invalid under applicable law, such provision shall be ineffective to
 the extent of such prohibition or invalidity, without invalidating the remainder of such
 provisions or the remaining provisions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Headings</u>.
 The headings used in this Warrant are for the convenience of reference only and shall not,
 for any purpose, be deemed a part of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in multiple counterparts,
 each of which shall be deemed an original and all of which taken together shall be but a
 single instrument. Counterparts may be delivered via facsimile, electronic mail (including
 pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
 www.docusign.com) or other transmission method and any counterpart so delivered shall be
 deemed to have been duly and validly delivered and be valid and effective for all purposes.

*[Signatures appear on following page]*

 

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of Issuance Date.

---

| | |
|:---|:---|
| SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. | SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. |
| By: |  |
|  | Robert J. Stubblefield, Chief Financial Officer, [Interim] Chief Executive Officer & President |
| *Agreed and accepted:* | *Agreed and accepted:* |
| **XXX,XXX** | **XXX,XXX** |
| By: |  |
|  | Printed Name: |
|  | Title: |

---

NOTICE OF EXERCISE

THE UNDERSIGNED Buyer hereby exercises the right to receive _________________of the shares of Common Stock ("Warrant Shares") of Sports Entertainment Gaming Global, a Delaware corporation (the "Company"), evidenced by the attached copy of the Common Stock Purchase Warrant (the "Warrant"). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. As this is a prefunded warrant, no additional consideration shall be paid upon exercise.

<u>Delivery of Warrant Shares</u>. The Company shall deliver to the Buyer __________________ Warrant Shares in accordance with the terms of the Warrant.

---

| | |
|:---|:---|
| Date: |  |
|  | (Print Name of Registered Buyer) |
|  | By: |
|  | Name: |
|  | Title: |

---

ASSIGNMENT FORM

SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION.

FOR VALUE RECEIVED, [**_**] all of or [____] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to _____________________________________________________________________________whose address is _______________________________________________________________________________________________.

---

| | |
|:---|:---|
| Dated: | ____________________, 202__ |
| Holder: | [______________________________ ] |
| By: |  |
| Name: |  |
| Title: |  |

---

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | */s/ Robert J. Stubblefield* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Sign here)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Name of authorised signatory)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Title of authorised signatory)* |

---

---

| | |
|:---|:---|
| Witness signature: | */s/ Gregory Potts* |
| Witness name: | Gregory Potts |
| Witness occupation: | Chief Operating Officer |
| Witness address: | 5049 Edwards Ranch Rd 4th floor Fl, Fort worth, TX 76109 |

---

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) | */s/* Darryl Eales |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) | *(Sign here)* |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by DARRYL EALES** in the presence of: |))))))) |  |

---

---

| | |
|:---|:---|
| Witness signature: | */s/ Cheryl Cooper* |
| Witness name: | Cheryl Cooper |
| Witness occupation: | Director |
| Witness address: | 49 Main Road Smalley Derbyshire DE7 6EF |

---

## Exhibit 10.72

**Exhibit 10.72**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

(1) **ANDREW WEBB** of The Cottage, Linersh Wood, Bramley, Guildford, Surrey, GU5 0EE (the "**Seller** ");
 and

(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |
| 1.1 | In this Agreement unless the context otherwise requires: |

---

"**Advisory Board Invitation Letter**" means the letter from the Buyer to the Seller inviting the Seller to join the advisory board of its Sports.com business division once created and constituted in the period of up to 90 days after Completion;

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 177,720 shares of common stock of the Buyer;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Data Room**" has the meaning given in the Subscription Agreement; "**Disclosed**" has the meaning given in the Subscription Agreement; "**Disclosure Letter**" has the meaning given in the Subscription Agreement;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Account name: Andrew J Webb

Bank: Coutts & Co

Sort Code: 18-00-02

Account number: 07104707

IBAN: GB75COUT18000207104707 BIC: COUTGB22

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable; "**Purchase Price**" has the meaning set out in clause 3.1;

"**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Sale Shares**" means the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 2,326
 A Ordinary Shares of £0.01 each in the capital of the Company; and

(b) 1
 D Ordinary Share of £0.01 each in the capital of the Company, held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement; and

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |
| 2.1 | The Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller. |
| 2.2 | Title to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion and the Sale Shares shall be sold and purchased together with all rights and benefits attached or accruing to them at Completion (including the right to receive any dividends, distributions or returns of capital declared, paid or made by the Company on or after Completion). |
| 2.3 | Neither the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement are completed simultaneously. |
| **3** | **PURCHASE PRICE** |
| 3.1 | The purchase price for the Sale Shares shall be £2,806,767 (the "**Purchase Price**"), which shall be paid or satisfied by the Buyer to the Seller as follows: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £1,500,000
 (one million five hundred thousand) shall be paid in cash in GBP in accordance with clauses
 3.2 and 3.3 (the "**Cash Consideration** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £1,306,767
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (being the agreed GBP equivalent of US $10 as at the date of this Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £125,000 | Completion Date |
| £125,000 | 17 March 2026 |
| £312,500 | 15 April 2026 |
| £312,500 | 15 July 2026 |
| £312,500 | 15 October 2026 |
| £312,500 | 15 February 2027 |

---

---

| | |
|:---|:---|
| 3.3 | All cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by way of electronic transfer of immediately available cleared funds into the Nominated Account. Each payment made to the Nominated Account shall discharge the obligations of the Buyer in relation to the amount so paid, and the Buyer shall have no obligation as to its distribution to the Seller. |
| 3.4 | The Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer for each and any claim under the Agreement. |
| **4** | **COMPLETION** |
| 4.1 | At Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer (to the extent not previously delivered or provided): |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares.

4.2 At
 Completion, the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) pay
 the first instalment of the Cash Consideration to the Seller in accordance with clauses 3.2
 and 3.3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) issue
 the Consideration Shares to the Seller, credited as fully paid and issued, or otherwise procure
 that the Consideration Shares will be issued as soon as reasonably practicable, and in any
 event within five Business Days of Completion; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) deliver
 the Advisory Board Invitation Letter to the Seller.

---

| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |
| 5.1 | Except for the restrictions set out in this Agreement, the Consideration Shares shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after the Completion Date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before the Completion Date). |

---

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,to the extent required, in the reasonable opinion of the Buyer, for the purposes of
 preventing (i) the existing shareholders of the Company prior to the date of this Agreement,
 whether individually or by acting in concert, from having, or being deemed to have, control
 of the Buyer or (ii) the Buyer from being required to make public filings in respect of the
 relationship of the existing shareholders as a voting bloc or persons acting in concert,
 in each case, under any applicable law, the rules of any stock exchange upon which the shares
 of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities
 and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |
| 6.1 | The Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option Shares (the "**First Put Option**") and (ii) an option to require the Buyer to purchase the Second Put Option Shares (the "**Second Put Option**"), and the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the "**First Call Option**") and an option to purchase the Second Call Option Shares (the "**Second Call Option**"), in each case, subject to and in accordance with the terms of this clause 6. |
| 6.2 | The First Put Option may only be exercised by the Seller in the First Option Exercise Period if the Volume Weighted Average Price ("**VWAP**") of each share of common stock of the Buyer for the five (5) trading days prior to (and including) the First Reference Date is less than US $10.00. |
| 6.3 | The Second Put Option may only be exercised by the Seller in the Second Option Exercise Period if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and including) the Second Reference Date is less than US $10.00. |
| 6.4 | The First Call Option may only be exercised by the Buyer in the First Option Exercise Period if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and including) the First Reference Date is more than US $10.00 and may only be exercised by the Buyer on one occasion. |
| 6.5 | The Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and including) the Second Reference Date is more than US $10.00 and may only be exercised by the Buyer on one occasion. |
| 6.6 | The First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller, at any time within the First Option Exercise Period (subject always to the relevant condition in clause 6.2 or 6.4, as the case may be, being satisfied). |
| 6.7 | The Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller, at any time within the Second Option Exercise Period (subject always to the relevant condition in clause 6.3 or 6.5, as the case may be, being satisfied). |

---

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

---

| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

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| | |
|:---|:---|
| 7.4 | The Seller shall, execute or, so far as is within its power, procure that any relevant third party shall execute all such documents and/or do or, so far as each is able, procure the doing of such acts and things as the Buyer shall after Completion reasonably require in order to vest the beneficial ownership of the Sale Shares in the Buyer. |
| 7.5 | The Buyer shall procure that the Seller shall have access to the Buyer's broker in order for the Seller to facilitate the sale of shares in the Buyer as and when such shares are unrestricted and the Seller elects to make any such sale. |
| **8** | **DEFAULT** |
| 8.1 | If all or any part of an instalment of the Cash Consideration is not paid on the applicable payment date set out in clause 3.2, or all or any part of the Option Consideration is not paid at Option Completion (such amount due but unpaid being an "**Overdue Sum**") then: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

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| | |
|:---|:---|
| (i) | $450 x (Overdue Sum/100,000) |
|  | by |
| (ii) | the VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares are to be issued, |

---

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

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| | |
|:---|:---|
| (i) | 110% of the Overdue Sum; |
|  | by |
| (ii) | the VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and excluding) the Conversion Date, |

---

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

8.2 If
 the issue of any shares pursuant to this Agreement will result in the Seller holding more
 than 5% of the shares of common stock of the Buyer, the Seller may elect at its sole discretion
 (and by giving written notice to the Buyer) to be issued pre-funded warrants (in the form
 substantially set out in Schedule 2) with the exercise price being the price at which the
 shares would otherwise have been issued in respect such shares in the common stock of the
 Buyer to avoid the Seller exceeding that threshold and the Buyer shall issue such pre-funded
 warrants to the Seller within 10 Business Days of the notice being given by the Seller.

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| | |
|:---|:---|
| **9** | **SELLER WARRANTIES AND LIMITATIONS** |
| 9.1 | The Seller warrants to the Buyer that: |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that, subject to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

so far as the Seller is actually aware (the defined terms in this clause 9.2 being as defined in the Subscription Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Accounts have been prepared in accordance with accounting principles, standards and practices
 which are generally accepted in the United Kingdom as at the Accounts Date and on the same
 basis and in accordance with the same accounting policies as the corresponding accounts for
 the preceding three financial years (save as disclosed in the Accounts or such corresponding
 accounts), comply with the requirements of the Companies Act 2006 and give a true and fair
 view of the state of affairs of the Company and the Subsidiaries on a consolidated basis
 (in relation to the group accounts) and the Company (in relation to the Company accounts)
 at the Accounts Date and of the profits and losses for the period concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Management Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (having regard for the purpose for which they were prepared and the information known to the Company at the date on which they were prepared) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) are not inaccurate or misleading in any material respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Since
 the Management Accounts Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been carried on in the ordinary course and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) save in respect of the acquisition of additional shares in the capital of Quadrant Esports Limited, it has not acquired or disposed of or agreed to acquire or dispose of any business or any material asset (other than trading stock in the ordinary course of the business carried on by it) or assumed or acquired any material liability (including a contingent liability);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution (as defined by sections 1000, 1064 and 455, 459, and 460 of the Corporation Taxes Act 2010) has been declared, made or paid to its members nor has it repaid any loan capital or other debenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no change has been made (or agreed to be made) in the emoluments or other terms of employment of any of its directors nor has it paid any bonus or special remuneration to any of its directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) it has not borrowed monies (except in the ordinary course of the business carried on by it or from its bankers under agreed loan facilities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) there has not been any material deterioration in the financial position or, so far as the Company is aware, prospects of the Business (whether in consequence of normal trading or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no employee on a salary in excess of £100,000 per annum has been dismissed or made redundant nor has the Company taken or omitted to take any action which would entitle any such employee to claim that they have been constructively dismissed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) it has not incurred any material liabilities or obligations, contingent or otherwise, other than:

&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) liabilities and obligations incurred in the ordinary course of business since the Management Accounts Date; or

&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) liabilities and obligations that would not be required under accounting principles, standards and practices which are generally accepted in the United Kingdom to be disclosed on a balance sheet of the Company if one were prepared as of the date of this Agreement.

9.3 Each
 warranty statement in clause 9.2 is a separate and independent warranty, and, save as otherwise
 expressly provided, no such warranty statement shall be limited by reference to any other
 warranty statement or by the other terms of this Agreement.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud , or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares).

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a mutatis mutandis
 basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim until the liability becomes an actual liability
 or (as the case may be) becomes capable of being quantified and provided that notice is given
 to the Seller within 15 Business Days of the liability becoming an actual liability or (as
 the case may be) becoming capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss, whether such loss is recovered
 pursuant to this Agreement, the Subscription Agreement or any other share transfer agreement
 entered into on or around the date of this Agreement.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

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| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |
| 10.1 | The Buyer warrants to the Seller that: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

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| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |

---

11.1 Entire
 Agreement

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

11.2 Alterations

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

11.3 Counterparts

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement.

No counterpart shall be effective until each party has duly executed at least one counterpart.

11.4 Payment
 of Costs

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

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| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

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| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |
| 13.1 | Each party to this Agreement undertakes that it shall keep the terms of this Agreement, any information that it has acquired that is confidential in nature concerning the other parties and any information developed by either party in performing its obligations under, or otherwise pursuant to this Agreement ("**Confidential Information**") confidential and that it shall not use or disclose the other party's Confidential Information to any person, except as permitted by clause 13.2. |
| 13.2 | A party to this Agreement may: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

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| | |
|:---|:---|
| **14** | **NOTICES** |
| 14.1 | Every notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at andyjwebb@btinternet.com,
 with a copy (which shall not constitute notice) to Laura.Chandler@Mishcon.com;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

14.4 The
 Buyer appoints the Company of 58a Bronsart Road, London, England, SW6 6AA to act as its agent
 to accept service of process and any other documents in any legal action or proceedings arising
 out of or in connection with this Agreement in England and Wales.

14.5 The
 Buyer undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 will maintain such appointment, or an appointment with a replacement agent for service with
 a registered office in England and Wales, in full force and effect for so long as any of
 its obligations under this Agreement remain outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the Company ceases to be its agent for service of process in England and Wales,
 including in circumstances where the Buyer wishes to replace the Company as its agent, it
 will immediately appoint a replacement agent for service with a registered office address
 in England and Wales and notify the Seller in writing of the name and address of such replacement
 agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Buyer fails to appoint a replacement agent in accordance with clause 14.5(b) above, the
 Seller shall be entitled (without prejudice to any other mode of service) to serve any process
 or other document by sending the same by registered post to the Buyer and/or the Company
 at its last known address, and such service shall be deemed effective.

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| | |
|:---|:---|
| 15.0 | APPLICABLE LAW AND DISPUTE RESOLUTION |
| 15.1 | This Agreement and any issues, disputes or claims arising out of or in connection with it shall be governed by and construed in accordance with English law. |
| 15.1 | Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this Agreement or its subject matter or formation. |

---

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender] [Address of sender]*

 

To: *[Buyer][Seller]* *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between Andrew Webb and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ].

Yours faithfully,

*[Signature]*

 

 

**SCHEDULE 2**

**FORM OF WARRANT**

**Appendix**

**COMMON STOCK PURCHASE WARRANT**

**Sports Entertainment Gaming Global Corporation**

---

| | |
|:---|:---|
| **Warrant Shares: XXX,XXX, subject to**<br> **adjustment as set forth herein.** | **Issuance Date: XXX,XXX** |

---

THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, **XXX,XXX**, or its registered assigns (the "Holder") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date as set forth above and on or prior to the close of business on the fifth and half annual anniversary of the Issuance Date (the "Termination Date") but not thereafter, to subscribe for and purchase from **Sports Entertainment Gaming Global Corporation**., a Delaware company with principal executive offices at 5049 Edwards Ranch Road, 4<sup>th</sup> Floor, Fort Worth, Texas 76109 (the "Company"), the number of shares of common stock, par value $0.001 per share (the "Common Stock") of the Company (as subject to adjustment hereunder, the "Warrant Shares") as set forth above. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2.

Section 1. <u>Warrant Shares</u>. This Warrant is issued and entered into pursuant to the Share Purchase Agreement, dated as of **XXX,XXX**, by and between the Company and the Holder (the "Purchase Agreement").

Section 2. <u>Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exercise
 of the purchase rights represented by this Warrant may be made, in whole or in part, at any
 time or times on or after Issuance Date and before the Termination Date by delivery to the
 Company (or such other office or agency of the Company as it may designate by notice in writing
 to the registered Holder at the address of the Holder appearing on the books of the Company)
 of a duly executed facsimile copy of the Notice of Exercise Form attached hereto. Within
 two (2) Trading Days (as defined below) following the date of aforesaid exercise, the Holder
 shall deliver the aggregate Exercise Price (if the exercise is pursuant to Section 2(b))
 for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's
 check drawn on a bank specified in the applicable Notice of Exercise. No ink-original Notice
 of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
 or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to
 the contrary (although the Holder may surrender the Warrant to, and receive a replacement
 Warrant from, the Company), the Holder shall not be required to physically surrender this
 Warrant to the Company until the Holder has purchased all of the Warrant Shares available
 hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender
 this Warrant to the Company for cancellation within three (3) Trading Days of the date the
 final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
 in purchases of a portion of the total number of Warrant Shares available hereunder shall
 have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
 in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the
 Company shall maintain records showing the number of Warrant Shares purchased and the date
 of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
 within one (1) Trading Day of delivery of such notice. **The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.** For purposes herein, the term "Trading Day"
 means any day that shares of Common Stock are listed for trading or quotation on any Trading
 Market.

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| | |
|:---|:---|
| (b) | <u>Exercise Price</u>. The aggregate exercise price of this Warrant was pre-funded to the Company prior to the Initial Exercise Date and, consequently, no additional consideration shall be required to be paid by the Holder to any Person to effect any exercise of this Warrant. The Holder shall not be entitled to the return or refund of all, or any portion, of such pre-paid aggregate exercise price under any circumstance or for any reason whatsoever, including in the event this Warrant shall not have been exercised prior to the Termination Date. |
|  | Notwithstanding anything herein to the contrary, on the Termination Date, unless the Holder notifies the Company otherwise, if there is no effective registration statement registering the Warrant Shares, or no current prospectus available for, the resale of the Warrant Shares by the Holder, then this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c); provided however, that if the automatic exercise contemplated under this Section shall result in a conflict with the beneficial ownership limitations of Section 2(e), the Termination Date shall be extended so long as necessary to provide for full exercise of the Warrant under this Section 2(c). If Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised, and the holding period of the Warrant Shares being issued may be tacked on to the holding period of this Warrant. Assuming (i) the Holder is not an Affiliate of the Company, and (ii) all of the applicable conditions of Rule 144 promulgated under the Securities Act with respect to Holder and the Warrant Shares are met in the case of such a cashless exercise, the Company agrees that the Company will cause the removal of the legend from such Warrant Shares (including by delivering an opinion of the Company's counsel to the Company's transfer agent at its own expense to ensure the foregoing), and the Company agrees that the Holder is under no obligation to sell the Warrant Shares issuable upon the exercise of the Warrant prior to removing the legend. The Company agrees not to take any position contrary to this Section. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Mechanics of Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Delivery of Certificates Upon Exercise</u>. Certificates for shares purchased hereunder shall be transmitted
 by the Company's then-engaged transfer agent (the "Transfer Agent") to
 the Holder by crediting the account of the Holder's broker with The Depository Trust
 Company through its Deposit or Withdrawal at Custodian system (" <u>DWAC</u> ")
 if the Company is then a participant in such system and there is an effective registration
 statement permitting the issuance of the Warrant Shares to, or resale of the Warrant Shares,
 by the Holder and otherwise by physical delivery to the address specified by the Holder in
 the Notice of Exercise by the date that is two (2) Trading Days after the delivery to the
 Company of the Notice of Exercise, (such date, the "Warrant Share Delivery Date").
 The Warrant Shares shall be deemed to have been issued, and Holder or any other person so
 designated to be named therein shall be deemed to have become a holder of record of such
 shares for all purposes, as of the date the Warrant has been exercised, with payment to the
 Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior
 to the issuance of such shares, having been paid. The Company understands that a delay in
 the delivery of the Warrant Shares after the Warrant Share Delivery Date could result in
 economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees
 to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant
 Shares upon exercise of this Warrant the amount of $500.00 per Trading Day. The Company shall
 pay any payments incurred under this Section 2(d) in immediately available funds, or shares
 of Common Stock of the Company, in the Holder's discretion, upon demand. Furthermore,
 in addition to any other remedies which may be available to the Holder, in the event that
 the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant
 Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
 delivery of a notice to such effect to the Company, whereupon the Company and the Holder
 shall each be restored to their respective positions immediately prior to the exercise of
 the relevant portion of this Warrant, except that the liquidated damages described above
 shall be payable through the date notice of revocation or rescission is given to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Delivery of New Warrants Upon Exercise</u>. If this Warrant shall have been exercised in part, the
 Company shall, at the request of Holder and upon surrender of this Warrant certificate, at
 the time of delivery of the certificate or certificates representing Warrant Shares, deliver
 to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased
 Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
 be identical with this Warrant.

(iii) <u>Rescission Rights</u>. If the Company fails to cause the Transfer Agent to transmit to the Holder a
 certificate or the certificates representing the Warrant Shares by the Warrant Share Delivery
 Date, then the Holder will have the right, at any time prior to issuance of such Warrant
 Shares, to rescind such exercise.

(iv) <u>No Fractional Shares or Scrip</u>. No fractional shares or scrip representing fractional shares
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at
 its election, either pay a cash adjustment in respect of such final fraction in an amount
 equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

(v) <u>Charges, Taxes and Expenses</u>. Issuance of certificates for Warrant Shares shall be made without
 charge to the Holder for any issue or transfer tax or other incidental expense in respect
 of the issuance of such certificate, all of which taxes and expenses shall be paid by the
 Company, and such certificates shall be issued in the name of the Holder or in such name
 or names as may be directed by the Holder; provided, however, that in the event certificates
 for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant
 when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
 duly executed by the Holder and the Company may require, as a condition thereto, the payment
 of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company
 shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Closing of Books</u>. The Company will not close its shareholder books or records in any manner which
 prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Holder's Exercise Limitations; Exchange Cap</u>. The Company shall not effect any exercise of this
 Warrant, and Holder shall not have the right to exercise any portion of this Warrant, to
 the extent that after giving effect to such issuance after exercise as set forth on the applicable
 Notice of Exercise, the Holder (together with the Holder's affiliates, and any other
 Persons acting as a group together with the Holder or any of the Holder's affiliates),
 would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).
 For purposes of the foregoing sentence, the number of shares of Common Stock beneficially
 owned by the Holder and its affiliates shall include the number of shares of Common Stock
 issuable upon exercise of this Warrant with respect to which such determination is being
 made, but shall exclude the number of shares of Common Stock which would be issuable upon
 (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by
 the Holder or any of its affiliates and (ii) exercise or conversion of the unexercised or
 nonconverted portion of any other securities of the Company (including, without limitation,
 any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
 to the limitation contained herein beneficially owned by the Holder or any of its affiliates.
 Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial
 ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the
 rules and regulations promulgated thereunder, it being acknowledged by the Holder that the
 Company is not representing to the Holder that such calculation is in compliance with Section
 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required
 to be filed in accordance therewith. To the extent that the limitation contained in this
 Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
 to other securities owned by the Holder together with any affiliates) and of which portion
 of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission
 of a Notice of Exercise shall be deemed to be the Holder's determination of whether
 this Warrant is exercisable (in relation to other securities owned by the Holder together
 with any affiliates) and of which portion of this Warrant is exercisable, in each case subject
 to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify
 or confirm the accuracy of such determination. In addition, a determination as to any group
 status as contemplated above shall be determined in accordance with Section 13(d) of the
 Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section
 2(e), in determining the number of outstanding shares of Common Stock, Holder may rely on
 the number of outstanding shares of Common Stock as reflected in (A) the Company's
 most recent periodic or annual report filed with the Commission, as the case may be, (B)
 a more recent public announcement by the Company or (C) a more recent written notice by the
 Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
 Upon the written or oral request of Holder, the Company shall within two Trading Days confirm
 orally and in writing to the Holder the number of shares of Common Stock then outstanding.
 In any case, the number of outstanding shares of Common Stock shall be determined after giving
 effect to the conversion or exercise of securities of the Company, including this Warrant,
 by the Holder or its affiliates since the date as of which such number of outstanding shares
 of Common Stock was reported. The "Beneficial Ownership Limitation" shall be
 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect
 to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder
 may decrease the Beneficial Ownership Limitation at any time and the Holder, upon not less
 than sixty-one (61) days' prior notice to the Company, may increase or waive the Beneficial
 Ownership Limitation provisions of this Section 2(e), provided that any such increase or
 waiver will not be effective until the 61<sup>st</sup> day after such notice is delivered
 to the Company. The provisions of this paragraph shall be construed and implemented in a
 manner otherwise than in strict conformity with the terms of this Section 2(e) to correct
 this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
 Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
 or desirable to properly give effect to such limitation. The limitations contained in this
 paragraph shall apply to a successor holder of this Warrant. In the event that the Company
 is prohibited from issuing any shares of Common Stock pursuant to this Warrant due to the
 Company's failure to obtain the Shareholder Approval (such number of shares that are
 prohibited from being issued are referred to herein as the "Exchange Cap Shares"),
 in lieu of issuing and delivering such Exchange Cap Shares to the Holder, the Company shall
 pay cash to the Holder in exchange for the cancellation of such portion of this Warrant exercisable
 into such Exchange Cap Shares (the "Exchange Cap Payment Amount") at a price
 equal to the sum of (x) the product of (A) such number of Exchange Cap Shares and (B) the
 greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing
 on the date the Holder delivers the applicable Exercise Notice with respect to such Exchange
 Cap Shares to the Company and ending on the date of the aforementioned payment under this
 Warrant and (y) to the extent the Holder purchases (in an open market transaction or otherwise)
 shares of Common Stock to deliver in satisfaction of a sale by the Holder of Exchange Cap
 Shares, any brokerage commissions and other out-of-pocket expenses, if any, of the Holder
 incurred in connection therewith. The limitations contained in this paragraph shall apply
 to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Voluntary Adjustment By Company.</u> Subject to the rules and regulations of the primary Trading Market,
 the Company may at any time during the term of this Warrant, with the prior written consent
 of the Required Holders, reduce the then current Exercise Price to any amount and for any
 period of time deemed appropriate by the Board of Directors of the Company.

(f) <u>Number of Warrant Shares</u>. Simultaneously with any adjustment to the Exercise Price pursuant
 to this Warrant, the number of Warrant Shares that may be purchased upon exercise of this
 Warrant shall be increased proportionately, so that after such adjustment the aggregate Exercise
 Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the
 aggregate Exercise Price in effect immediately prior to such adjustment (without regard to
 any limitations on exercise contained herein). For the avoidance of doubt, the aggregate
 Exercise Price payable prior to such adjustment is calculated as follows: the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation) multiplied by the Exercise Price
 in effect immediately prior to such adjustment. By way of example, if E is the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation), F is the Exercise Price in effect
 immediately prior to such adjustment, and G is the Exercise Price in effect immediately after
 such adjustment, the adjustment to the number of Warrant Shares can be expressed in the following
 formula: Total number of Warrant Shares after such adjustment = the number obtained from
 dividing [E x F] by G.

Section 3. <u>Certain Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Definition</u>.
 For purposes herein, "Exempt Issuance" means the issuance of (a) shares of Common
 Stock or options to employees, officers, directors, advisors or independent contractors of
 the Company; provided, that such issuance is approved by a majority of the Board; and provided,
 further that such issuance shall not exceed in the aggregate 7.5% of the outstanding shares
 of Common Stock without the prior approval of the Holder, (b) securities upon the exercise
 of this Warrant or the exchange or conversion of any other securities issued to the Holder
 pursuant to the Purchase Agreement, and (c) securities issued pursuant to acquisitions or
 any other strategic transactions approved by a majority of the disinterested members of the
 Board; provided, that such acquisitions and other strategic transactions shall not include
 a transaction in which the Company is issuing securities primarily for the purpose of raising
 capital or to an entity whose primary business is investing in securities.

Section 4. <u>Transfer of Warrant</u>. Transferability. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant to the Company or its designated agent via email together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

Section 5. <u>New Warrants</u>. Subject to compliance with all applicable securities laws, this Warrant may be divided or combined with other Warrants upon presentation hereof to the Company via email, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto. <u>Warrant Register</u>. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the "Warrant Register"), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

Section 6. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which shall not include the posting of any bond), and upon surrender and cancellation
 of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new
 Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
 such Warrant or stock certificate.

(b) <u>Saturdays, Sundays, Holidays, etc</u>. If the last or appointed day for the taking of any action or
 the expiration of any right required or granted herein shall not be a Trading Day, then,
 such action may be taken or such right may be exercised on the next succeeding Trading Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Authorized Shares</u>. The Company covenants that, during the period the Warrant is outstanding, it
 will reserve from its authorized and unissued Common Stock a sufficient number of shares
 to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
 under this Warrant, which number shall be at least 500% of the number of Warrant Shares to
 be issued upon exercise of this Warrant. The Company further covenants that its issuance
 of this Warrant shall constitute full authority to its officers who are charged with the
 duty of executing stock certificates to execute and issue the necessary certificates for
 the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
 will take all such reasonable action as may be necessary to assure that such Warrant Shares
 may be issued as provided herein without violation of any applicable law or regulation, or
 of any requirements of the trading market upon which the Common Stock may be listed. The
 Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase
 rights represented by this Warrant will, upon exercise of the purchase rights represented
 by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized,
 validly issued, fully paid and non-assessable and free from all taxes, liens and charges

 transfer occurring contemporaneously with such issue). Except and to the extent as waived
 or consented to by the Holder, the Company shall not by any action, including, without limitation,
 amending its articles of incorporation or through any reorganization, transfer of assets,
 consolidation, merger, dissolution, issue or sale of securities or any other voluntary action,
 avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
 but will at all times in good faith assist in the carrying out of all such terms and in the
 taking of all such actions as may be necessary or appropriate to protect the rights of Holder
 as set forth in this Warrant against impairment. Without limiting the generality of the foregoing,
 the Company will (i) not increase the par value of any Warrant Shares above the amount payable
 therefor upon such exercise immediately prior to such increase in par value; (ii) take all
 such action as may be necessary or appropriate in order that the Company may validly and
 legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant;
 and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
 or consents from any public regulatory body having jurisdiction thereof, as may be, necessary
 to enable the Company to perform its obligations under this Warrant. Before taking any action
 which would result in an adjustment in the number of Warrant Shares for which this Warrant
 is exercisable or in the Exercise Price, the Company shall obtain all such authorizations
 or exemptions thereof, or consents thereto, as may be necessary from any public regulatory
 body or bodies having jurisdiction thereof. Failure to maintain sufficient shares for exercise
 of the Warrant, shall constitute an Event of Default under the Purchase Agreement and Holder
 shall be able to rely on any applicable default remedies thereunder.

(d) <u>Governing Law and Jurisdiction</u>. This Warrant shall be deemed executed, delivered and performed
 State of Delaware ("Delaware"). This Warrant shall be solely and exclusively
 construed and enforced in accordance with, and all questions concerning the construction,
 validity, interpretation and performance of this Warrant shall be governed solely and exclusively
 by the internal laws of Delaware, without giving effect to any choice of law or conflict
 of law provision or rule (whether of Delaware or any other jurisdiction) that would cause
 the application of the laws of any jurisdiction other than Delaware. The Company irrevocably
 and exclusively consents to and expressly agrees that binding arbitration in Delaware conducted
 by the Arbitrator Conflict Resolution Centre shall be their sole and exclusive remedy for
 any dispute arising out of or relating to the Warrant, Irrevocable Instructions or any other
 agreement between the parties, the Company's transfer agent or the relationship of
 the parties or their affiliates, and that the arbitration shall be conducted via telephone
 or teleconference. If the Arbitrator is not available, a different arbitrator or in Delaware
 shall be chosen by the Holder and agreed upon by the Company. Company covenants and agrees
 to provide written notice to Holder via email prior to bringing any action or arbitration
 action against the Company's transfer agent or any action against any person or entity
 that is not a party to this Warrant that is related in any way to this Warrant or any of
 the Exhibits under this Warrant or any transaction contemplated herein or therein, and further
 agrees to timely notify Holder to any such action. Company acknowledges that the governing
 law and venue provisions set forth in this Warrant are material terms to induce Holder to
 enter into the Transaction Documents and that but for Company's agreements set forth
 in this section, Holder would not have entered into the Transaction Documents. In the event
 that the Holder needs to take action to protect their rights under the Warrant, the Holder
 may commence action in any jurisdiction needed with the understanding that the Warrant shall
 still be solely and exclusively construed and enforced in accordance with, and all questions
 concerning the construction, validity, interpretation and performance of this Warrant shall
 be governed solely and exclusively by the internal laws of Delaware, without giving effect
 to any choice of law or conflict of law provision or rule (whether of Delaware or any other
 jurisdiction) that would cause the application of the laws of any jurisdiction other than
 the Delaware. Each party hereby irrevocably waives personal service of process and consents
 to process being served in any suit, action or proceeding in connection with this Note or
 any other related transaction document by email. This section and provision of the Warrant
 will not apply to the Confession of Judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Restrictions</u>.
 The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant,
 if not registered, will have restrictions upon resale imposed by state and federal securities
 laws.

(f) <u>Non-waiver and Expenses</u>. No course of dealing or any delay or failure to exercise any right hereunder
 on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
 Holder's rights, powers or remedies. Without limiting any other provision of this Warrant
 or the Purchase Agreement, if the Company fails to comply with any provision of this Warrant,
 which results in any material damages to the Holder, the Company shall pay to the Holder
 such amounts as shall be sufficient to cover any costs and expenses including, but not limited
 to, reasonable attorneys' fees, including those of appellate proceedings, incurred
 by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any
 of its rights, powers or remedies hereunder.

(g) <u>Notices</u>.
 Any notice, request or other document required or permitted to be given or delivered hereunder
 shall be delivered in accordance with the notice provisions of the Purchase Agreement.

(h) <u>Limitation of Liability</u>. No provision hereof, in the absence of any affirmative action by the Holder
 to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights
 or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
 price of any Common Stock or as a shareholder of the Company, whether such liability is asserted
 by the Company or by creditors of the Company.

(i) <u>Remedies</u>.
 The Holder, in addition to being entitled to exercise all rights granted by law, including
 recovery of damages, will be entitled to specific performance of its rights under this Warrant.
 The Company agrees that monetary damages would not be adequate compensation for any loss
 incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
 to waive and not to assert the defense in any action for specific performance that a remedy
 at law would be adequate.

(j) <u>Successors and Assigns</u>. Subject to applicable securities laws, this Warrant and the rights and obligations
 evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted
 assigns of the Company and the successors and permitted assigns of Holder. The provisions
 of this Warrant are intended to be for the benefit of any Holder from time to time of this
 Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Amendment</u>.
 Other than as specifically set forth herein, this Warrant may be modified or amended or the
 provisions hereof waived only with the written consent of the Company and the Holder.

(l) <u>Severability</u>.
 Wherever possible, each provision of this Warrant shall be interpreted in such manner as
 to be effective and valid under applicable law, but if any provision of this Warrant shall
 be prohibited by or invalid under applicable law, such provision shall be ineffective to
 the extent of such prohibition or invalidity, without invalidating the remainder of such
 provisions or the remaining provisions of this Warrant.

(m) <u>Headings</u>.
 The headings used in this Warrant are for the convenience of reference only and shall not,
 for any purpose, be deemed a part of this Warrant.

(n) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in multiple counterparts,
 each of which shall be deemed an original and all of which taken together shall be but a
 single instrument. Counterparts may be delivered via facsimile, electronic mail (including
 pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
 www.docusign.com) or other transmission method and any counterpart so delivered shall be
 deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

*[Signatures appear on following page]*

 

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of Issuance Date.

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| | |
|:---|:---|
| SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. | SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. |
| By: |  |
|  | Robert J. Stubblefield, Chief Financial Officer, |
|  | [Interim] Chief Executive Officer & President |

---

*Agreed and accepted:*

 

**XXX,XXX**

By: <br> Printed Name: <br> Title:

NOTICE OF EXERCISE

THE UNDERSIGNED Buyer hereby exercises the right to receive<u> </u> of the shares of Common Stock ("Warrant Shares") of Sports Entertainment Gaming Global, a Delaware corporation (the "Company"), evidenced by the attached copy of the Common Stock Purchase Warrant (the "Warrant"). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. As this is a prefunded warrant, no additional consideration shall be paid upon exercise.

<u>Delivery of Warrant Shares</u>. The Company shall deliver to the Buyer<u> </u> Warrant Shares in accordance with the terms of the Warrant.

Date:

  <br> (Print Name of Registered Buyer)

By: <br> Name:   <br> Title:  

ASSIGNMENT FORM

SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION.

FOR VALUE RECEIVED, [**<u> </u>**] all of or [<u> </u> ] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to<u> </u> whose address is<u> </u>.

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| | |
|:---|:---|
| Dated: | , 202 |
|  | Holder: [<u> </u>] |
| By: |  |
| Name: |  |
| Title: |  |

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**EXECUTION PAGES**

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| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | /s/ Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Name of authorised signatory) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Title of authorised signatory) |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Gregory Potts |
| Witness name: | Gregory Potts |
| Witness occupation: | chief operating officer |
| Witness address: | 5049 Edwards Ranch Rd 4th Fl, Fort worth, TX 76109 |

---

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED** by **ANDREW WEBB** in the presence of: |))))))) | /s/ Andrew Webb |
| **SIGNED AND DELIVERED AS A DEED** by **ANDREW WEBB** in the presence of: |))))))) | (Sign here) |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Tricia Webb |
| Witness name: | Tricia Webb |
| Witness occupation: | Housewife |
| Witness address: | The Cottage Linersh wood Bramley, surrey. GUS OEE |

---

## Exhibit 10.73

**Exhibit 10.73**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

(1) **JAMES MACLAURIN** of The Branches, Clandon Road, Send, Woking, GU23 7LA (the "**Seller** ");
 and

(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

1.1 In
 this Agreement unless the context otherwise requires:

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 261,410 shares of common stock of the Buyer;

"**Counsel**" means a barrister of not less than 10 years standing, having experience in claims similar to a relevant Outstanding Claim, as agreed by the Seller and the Buyer, or failing such agreement, as appointed by the President for the time being of the Law Society in England and Wales on the application of either party;

"**Data Room**" has the meaning given in the Subscription Agreement;

"**Deferred Payment**" has the meaning given in clause 9.15;

"**Deferred Payment Date**" has the meaning given in clause 9.15;

"**Disclosed**" has the meaning given in the Subscription Agreement;

"**Disclosure Letter**" has the meaning given in the Subscription Agreement;

**"Due Amount**" means an amount due for payment by the Seller to the Buyer in respect of a Resolved Claim;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

**"Estimated Liability**" means in relation to an Outstanding Claim, a bona fide estimate of the amount of the Seller's liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer's favour, as shall initially be determined by the Buyer at the relevant Deferred Payment Date, and as shall be subsequently agreed or determined in accordance with clause 9.16;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Account name: MACLAURIN JW

Sort Code: 60-06-03

Account number: 27057054

BIC: NWBKGB2L

IBAN: GB73NWBK60060327057054

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Outstanding Claim**" means a Relevant Claim that has been notified by the Buyer to the Seller in accordance with this Agreement, but which is not a Resolved Claim as at the relevant Deferred Payment Date;

"**Purchase Price**" has the meaning set out in clause 3.1; "**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Reserved Sum**" has the meaning given in clause 9.15(b);

**"Resolved Claim"** means a Relevant Claim that has either been:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) agreed
 in writing between the Buyer and the Seller as to both liability and quantum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) finally
 determined (as to both liability and quantum) by a court of competent jurisdiction which
 there is no right of appeal, or from whose judgment the parties are debarred (by passage
 of time or otherwise) from making an appeal; or

(c) unconditionally
 withdrawn by the Buyer in writing;

"**Sale Shares**" means the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 2,058
 B1 Ordinary Shares of £0.01 each in the capital of the Company; and

(b) 1
 B2 Ordinary Shares of £0.01 each in the capital of the Company,

held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement;

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006; and

"**Warranty**" has the meaning given in the Subscription Agreement.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

---

| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

3.1 The
 purchase price for the Sale Shares shall be £2,672,129 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £750,000
 shall be paid in cash in GBP in accordance with clauses 3.2 and 3.3 (the "**Cash Consideration** ");
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £1,922,129
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (rounded, and being the agreed GBP equivalent of US $10 as at the date of this
 Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):<sup>1</sup>

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |

---

3.3 All cash amounts to be paid
 by the Buyer to the Seller under this Agreement shall be paid by way of electronic transfer of immediately available cleared funds
 into the Nominated Account. Each payment made to the Nominated Account shall discharge the obligations of the Buyer in relation to
 the amount so paid, and the Buyer shall have no obligation as to its distribution to the Seller.

<sup>1</sup> Instalments and payment dates to be agreed in a side letter to be entered into by the parties as soon as reasonably practicable after Completion.

3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

(b) all
 share certificates in respect of the Sale Shares or indemnities in lieu thereof, in a form
 agreed between the parties.

4.2 At
 Completion, the Buyer shall issue the Consideration Shares to the Seller, credited as fully
 paid and issued, or otherwise procure that the Consideration Shares will be issued as soon
 as reasonably practicable, and in any event within five Business Days, thereafter.

---

| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors;

(b) with
 the prior written consent of the Buyer; or

(c) in
 accordance with clause 9.20 of this Agreement.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the
 "**First Call Option**") and an option to purchase the Second Call Option
 Shares (the "**Second Call Option** "), in each case, subject to and in accordance
 with the terms of this clause 6.

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

---

| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall use reasonable endeavours to provide the Seller with access to the Buyer's
 broker in order to facilitate the sale of the Seller's shares in the Buyer as and when
 such shares are unrestricted and the Seller elects to make any such sale.

---

| | |
|:---|:---|
| **8** | **DEFAULT** |
| 8.1 | If all or any part of an instalment of the Cash Consideration is not paid on the applicable payment date set out in clause 3.2, or all or any part of the Option Consideration is not paid at Option Completion (such amount due but unpaid being an "**Overdue Sum**") then: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

---

| | |
|:---|:---|
| **9** | **SELLER WARRANTIES, LIMITATIONS, WITHHOLDING AND SET-OFF** |
| 9.1 | The Seller warrants to the Buyer that: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that each Warranty in the Subscription Agreement is true at
 the date of this Agreement, subject only to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

(b) any
 matters Disclosed in the Disclosure Letter; and

(c) any
 exceptions expressly provided for in the remainder of this clause 9,

and clauses 4.3 and 4.6 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.3 The
 Seller acknowledges and agrees that the warranties given pursuant to clause 9.2 are given
 to the Buyer in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 transfer of the Sale Shares; and

(b) the
 transfer of shares in the capital of the Company to the Buyer from Crimson Swordblade Limited,
 Andrew Webb, MPA Creative Limited, Darryl Eales, Jack Clarke and Daniel Bailey pursuant to
 each share purchase agreement entered into by the Buyer and each such person on or about
 the date of this Agreement (the "**Other Share Transfers** "),

and the Seller agrees that its liability for any losses arising from a breach of the warranties given by him pursuant to clause 9.2 shall also extend to any losses suffered or incurred by the Buyer in relation to the Other Share Transfers.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares), or which would have been
 received but for any set-off or withholding in accordance with clauses 9.15 to 9.20.

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim unless and until the liability becomes an actual
 liability or (as the case may be) becomes capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

9.15 If
 on any date other than the Completion Date (a "**Deferred Payment Date** ")
 any amount, whether payable in cash or shares in the common stock of the Buyer, (a "**Deferred Payment**") is due from the Buyer to the Seller under this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 Due Amount (or any part of it) is unpaid, the Buyer shall be entitled (at its sole discretion)
 to satisfy all (to the extent possible) or part of the Seller's liability for the Due
 Amount through set-off against the relevant Deferred Payment, and to treat its obligation
 to make the relevant Deferred Payment as being reduced by the amount so set off; and/or

(b) there
 is an Outstanding Claim, the Buyer shall be entitled (at its sole discretion) to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) withhold
 from the relevant Deferred Payment an amount equal to the Estimated Liability in respect
 of that Outstanding Claim or, if lower, the full amount of the relevant Deferred Payment
 (such amount, which may be adjusted pursuant to clause 9.16, being the "**Reserved Sum** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) defer
 payment of the relevant Reserved Sum until such time as the Outstanding Claim has become
 a Resolved Claim.

9.16 Where
 clause 9.15(b) applies, the Buyer and the Seller shall use all reasonable endeavours to agree
 the Estimated Liability in respect of the Outstanding Claim as soon as possible, and in any
 event, within the period of five Business Days following the Deferred Payment Date. Failing
 such agreement, the following procedure shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) determination
 of the Estimated Liability shall be referred to Counsel at the request of either party;

(b) Counsel
 shall be requested to provide their determination of the Estimated Liability within 15 Business
 Days of accepting their appointment (or such other period as the parties may otherwise agree
 with Counsel);

(c) Counsel
 shall act as an expert and not as arbitrator and their determination regarding the amount
 of the Estimated Liability shall, in the absence of manifest error, be final and binding
 on the parties; and

(d) if
 Counsel determines that the Estimated Liability is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) equal
 to or greater than an amount equal to 90% of the Buyer's determination of the Estimated
 Liability, Counsel's fees shall be paid for solely by the Seller; or

(ii) less
 an amount equal to 90% of the Buyer's determination of the Estimated Liability, Counsel's
 fees shall be paid for solely by the Buyer.

The amount of the Reserved Sum withheld by the Buyer shall be adjusted, to the extent necessary, to reflect any agreement or determination of the Estimated Liability pursuant to this clause 9.16.

9.17 In
 the event that the Buyer withholds a Reserved Sum pursuant to clause 9.15(b) in respect of
 an Outstanding Claim, on that claim becoming a Resolved Claim the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled (at its sole discretion) to satisfy all (to the extent the Reserved Sum is sufficient)
 or part of the Seller's liability for the Due Amount for the relevant Resolved Claim
 through set-off against the corresponding Reserved Sum, and to treat its obligation to pay
 the Reserved Sum as being reduced by the amount set-off; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pay
 to the Seller the remaining balance of the corresponding Reserved Sum (if any) after set-off
 pursuant to clause 9.17(a). The Buyer shall make such payment (whether in cash or by the
 issue of shares in the common stock of the Buyer, as the case may be in respect of the relevant
 Deferred Payment) no later than three Business Days of the Outstanding Claim becoming a Resolved
 Claim.

9.18 Nothing
 in clauses 9.15 to 9.17 shall prejudice, limit or otherwise affect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 right or remedy the Buyer may have against the Seller from time to time, whether arising
 under this or any other agreement or at law; or

(b) the
 Buyer's right to recover against the Seller, whether before or after the relevant Deferred
 Payment is made in accordance with this Agreement.

9.19 The
 amount of a Reserved Sum withheld by the Buyer in accordance with this clauses 9.15 to 9.17
 shall not be regarded as imposing any limit on the amount of any claims under this or any
 other agreement or at law.

9.20 If
 a Due Amount is not fully satisfied by set-off under clause 9.15(a) or clause 9.17:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) nothing
 in this Agreement shall prevent or otherwise restrict the Buyer's right to recover
 the balance from the Seller, and the Due Amount (to the extent not so satisfied) shall remain
 fully enforceable against the Seller; and

(b) the
 Buyer shall be entitled by notice in writing (a "**Clawback Notice**") to
 require the Seller to transfer to the Buyer such number of Consideration Shares then held
 by the Seller with an aggregate value, determined using the VWAP of each share of common
 stock of the Buyer for the five (5) trading days prior to (and excluding) the date of the
 Clawback Notice, as is nearest to the Due Amount (or, if not the full Due Amount, the relevant
 part of the Due Amount that the Buyer may specify in the Clawback Notice) based on a whole
 number of shares (the "**Clawback Shares** "). Clauses 6.10 to 6.12 shall apply
 on a *mutatis mutandis* basis to the transfer of the Clawback Shares (as if the Clawback
 Notice were an Exercise Notice, the Clawback Shares were the Option Shares and completion
 of the transfer of the Clawback Shares (the "**Clawback Completion**") were
 the Option Completion), provided that the Buyer shall be entitled to specify the date for
 Clawback Completion in the Clawback Notice and the payment of the consideration for the Clawback
 Shares shall be automatically satisfied by way of set-off against the Due Amount (or the
 part of the Due Amount that the Buyer may specify in the Clawback Notice) at Clawback Completion.

9.21 Where
 any amount is to be converted between GBP and USD for the purposes of clauses 9.15 to 9.20
 (the date upon which such conversion is required being the "**relevant date** "),
 such conversion shall be determined using the average spot rate of exchange (closing mid-point)
 for the exchange of USD into GBP (or vice versa) as published in the London edition of the
 Financial Times first published on the last Business Day prior to and excluding the relevant
 date, or where no such rate of exchange is published in respect of that date, at the rate
 quoted by www.oanda.com as at the close of business in London on the last Business Day prior
 to and excluding relevant date (such average spot rate calculated by reference to the average
 over the previous 10 Business Days immediately prior to and excluding the relevant date).

---

| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |
| 10.1 | The Buyer warrants to the Seller that: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

(d) when
 executed, its obligations under this Agreement will be binding on it; and

(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

---

| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |
| 11.1 | **Entire Agreement** |

---

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

11.2 **Alterations** 

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

11.3 **Counterparts** 

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement. No counterpart shall be effective until each party has duly executed at least one counterpart.

11.4 **Payment of Costs** 

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

---

| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |
| 12.1 | This Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal representatives and successors in title of each party. |
| 12.2 | None of the parties (nor any other person entitled to enforce rights under this Agreement) may assign the benefit of any rights, or transfer any of their obligations, under this Agreement, except that, subject always to clause 12.3: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

---

| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

---

| | |
|:---|:---|
| **14** | **NOTICES** |
| 14.1 | Every notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at Jamie@veloce.gg;

(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

---

| | |
|:---|:---|
| 14.3 | For the purposes of this clause 14 "notice" shall include any request, demand, instruction, communication or other document. Each notice to be given under or in connection with this Agreement shall be in English and if that notice is translated into any other language, the English language text shall prevail. |
| **15** | **APPLICABLE LAW AND SUBMISSION TO JURISDICTION** |
| 15.1 | This Agreement and any issues, disputes or claims arising out of or in connection with it shall be governed by and construed in accordance with English law. |
| 15.2 | Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with this Agreement or its subject matter or formation. |

---

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller]* *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between James MacLaurin and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ] *.* 

 

Yours faithfully,

*[Signature]*

 

 

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | /s/ Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Name of authorised signatory) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Title of authorised signatory) |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Gregory Potts |
| Witness name: | Gregory Potts |
| Witness occupation: | chief operating officer |
| Witness address: | 5049 Edwards Ranch Rd 4th floor, Fort worth, TX 76109 |

---

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED** by **JAMES MACLAURIN** in the presence of: |))))))) | /s/ James Maclaurin |
| **SIGNED AND DELIVERED AS A DEED** by **JAMES MACLAURIN** in the presence of: |))))))) | (Sign here) |

---

---

| | |
|:---|:---|
| Witness signature: | /s/ Callum Upchurch |
| Witness name: | Callum Upchurch |
| Witness occupation: | Business Development Director |
| Witness address: | Fl at 21 50 Carnwath Road London SW63DQ |

---

## Exhibit 10.74

**Exhibit 10.74**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **JACK CLARKE** of Villa 1, Al Reem 1, Arabian Ranches, Dubai, UAE (the "**Seller** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 In
 this Agreement unless the context otherwise requires:

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 275,156 shares of common stock of the Buyer;

"**Counsel**" means a barrister of not less than 10 years standing, having experience in claims similar to a relevant Outstanding Claim, as agreed by the Seller and the Buyer, or failing such agreement, as appointed by the President for the time being of the Law Society in England and Wales on the application of either party;

"**Data Room**" has the meaning given in the Subscription Agreement; "**Deferred Payment**" has the meaning given in clause 9.15;

"**Deferred Payment Date**" has the meaning given in clause 9.15; "**Disclosed**" has the meaning given in the Subscription Agreement; "**Disclosure Letter**" has the meaning given in the Subscription Agreement;

**"Due Amount**" means an amount due for payment by the Seller to the Buyer in respect of a Resolved Claim;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

**"Estimated Liability**" means in relation to an Outstanding Claim, a bona fide estimate of the amount of the Seller's liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer's favour, as shall initially be determined by the Buyer at the relevant Deferred Payment Date, and as shall be subsequently agreed or determined in accordance with clause 9.16;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Arbuthnot Latham and Co Limited

IBAN- GB58ARBU30139320023241

Sort- 30-13-93

Account Number- 20023241

Swift - ARBUGB2L

or such other account as the Seller may notify to the Buyer in writing from time to time; "**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Outstanding Claim**" means a Relevant Claim that has been notified by the Buyer to the Seller in accordance with this Agreement, but which is not a Resolved Claim as at the relevant Deferred Payment Date;

"**Purchase Price**" has the meaning set out in clause 3.1; "**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Reserved Sum**" has the meaning given in clause 9.15(b);

**"Resolved Claim"** means a Relevant Claim that has either been:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) agreed
 in writing between the Buyer and the Seller as to both liability and quantum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) finally
 determined (as to both liability and quantum) by a court of competent jurisdiction which
 there is no right of appeal, or from whose judgment the parties are debarred (by passage
 of time or otherwise) from making an appeal; or

(c) unconditionally
withdrawn by the Buyer in writing;

"**Sale Shares**" means the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 2,495
 B1 Ordinary Shares of £0.01 each in the capital of the Company; and

(b) 1
 B2 Ordinary Share of £0.01 each in the capital of the Company, held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement;

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006; and "**Warranty**" has the meaning given in the Subscription Agreement.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00
amounts referred to throughout clause 6 shall be adjusted appropriately to take account of the Reorganisation.

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| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

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| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

3.1 The
 purchase price for the Sale Shares shall be £3,023,205 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £1,000,000
 shall be paid in cash in GBP in accordance with clauses 3.2 and 3.3 (the "**Cash Consideration** ");
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £2,023,205
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (rounded, and being the agreed GBP equivalent of US $10 as at the date of this
 Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):<sup>1</sup>

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |
| £[●] | [●] |

---

3.3 All
 cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by
 way of electronic transfer of immediately available cleared funds into the Nominated Account.
 Each payment made to the Nominated Account shall discharge the obligations of the Buyer in
 relation to the amount so paid, and the Buyer shall have no obligation as to its distribution
 to the Seller.

<sup>1</sup> Instalments and payment dates to be agreed in a side letter to be entered into by the parties as soon as reasonably practicable after Completion.

3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares or indemnities in lieu thereof, in a form
 agreed between the parties.

4.2 At
 Completion, the Buyer shall issue the Consideration Shares to the Seller, credited as fully
 paid and issued, or otherwise procure that the Consideration Shares will be issued as soon
 as reasonably practicable, and in any event within five Business Days, thereafter.

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| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 accordance with clause 9.20 of this Agreement.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

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| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer
(iii) an option to purchase the First Call Option Shares (the "**First Call Option**") and an option to purchase the Second
Call Option Shares (the "**Second Call Option** "), in each case, subject to and in accordance with the terms of this clause
6. 9

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

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| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall use reasonable endeavours to provide the Seller with access to the Buyer's
 broker in order to facilitate the sale of the Seller's shares in the Buyer as and when
 such shares are unrestricted and the Seller elects to make any such sale.

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| | |
|:---|:---|
| **8** | **DEFAULT** |

---

8.1 If
 all or any part of an instalment of the Cash Consideration is not paid on the applicable
 payment date set out in clause 3.2, or all or any part of the Option Consideration is not
 paid at Option Completion (such amount due but unpaid being an "**Overdue Sum** ")
 then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

---

| | |
|:---|:---|
| **9** | **SELLER WARRANTIES, LIMITATIONS, WITHHOLDING AND SET-OFF** |

---

9.1 The
 Seller warrants to the Buyer that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that each Warranty in the Subscription Agreement is true at
 the date of this Agreement, subject only to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

and clauses 4.3 and 4.6 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.3 The
 Seller acknowledges and agrees that the warranties given pursuant to clause 9.2 are given
 to the Buyer in respect of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 transfer of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 transfer of shares in the capital of the Company to the Buyer from Crimson Swordblade Limited,
 Andrew Webb, MPA Creative Limited, Darryl Eales, James MacLaurin and Daniel Bailey pursuant
 to each share purchase agreement entered into by the Buyer and each such person on or about
 the date of this Agreement (the "**Other Share Transfers** "),

and the Seller agrees that its liability for any losses arising from a breach of the warranties given by him pursuant to clause 9.2 shall also extend to any losses suffered or incurred by the Buyer in relation to the Other Share Transfers.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares), or which would have been
 received but for any set-off or withholding in accordance with clauses 9.15 to 9.20.

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a *mutatis mutandis* basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim unless and until the liability becomes an actual
 liability or (as the case may be) becomes capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

9.15 If
 on any date other than the Completion Date (a "**Deferred Payment Date** ")
 any amount, whether payable in cash or shares in the common stock of the Buyer, (a "**Deferred Payment**") is due from the Buyer to the Seller under this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 Due Amount (or any part of it) is unpaid, the Buyer shall be entitled (at its sole discretion)
 to satisfy all (to the extent possible) or part of the Seller's liability for the Due
 Amount through set-off against the relevant Deferred Payment, and to treat its obligation
 to make the relevant Deferred Payment as being reduced by the amount so set off; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) there
 is an Outstanding Claim, the Buyer shall be entitled (at its sole discretion) to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) withhold
 from the relevant Deferred Payment an amount equal to the Estimated Liability in respect
 of that Outstanding Claim or, if lower, the full amount of the relevant Deferred Payment
 (such amount, which may be adjusted pursuant to clause 9.16, being the "**Reserved Sum** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) defer
 payment of the relevant Reserved Sum until such time as the Outstanding Claim has become
 a Resolved Claim.

9.16 Where
 clause 9.15(b) applies, the Buyer and the Seller shall use all reasonable endeavours to agree
 the Estimated Liability in respect of the Outstanding Claim as soon as possible, and in any
 event, within the period of five Business Days following the Deferred Payment Date. Failing
 such agreement, the following procedure shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) determination
 of the Estimated Liability shall be referred to Counsel at the request of either party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Counsel
 shall be requested to provide their determination of the Estimated Liability within 15 Business
 Days of accepting their appointment (or such other period as the parties may otherwise agree
 with Counsel);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Counsel
 shall act as an expert and not as arbitrator and their determination regarding the amount
 of the Estimated Liability shall, in the absence of manifest error, be final and binding
 on the parties; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 Counsel determines that the Estimated Liability is:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) equal
 to or greater than an amount equal to 90% of the Buyer's determination of the Estimated
 Liability, Counsel's fees shall be paid for solely by the Seller; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) less
 an amount equal to 90% of the Buyer's determination of the Estimated Liability, Counsel's
 fees shall be paid for solely by the Buyer.

The amount of the Reserved Sum withheld by the Buyer shall be adjusted, to the extent necessary, to reflect any agreement or determination of the Estimated Liability pursuant to this clause 9.16.

9.17 In
 the event that the Buyer withholds a Reserved Sum pursuant to clause 9.15(b) in respect of
 an Outstanding Claim, on that claim becoming a Resolved Claim the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled (at its sole discretion) to satisfy all (to the extent the Reserved Sum is sufficient)
 or part of the Seller's liability for the Due Amount for the relevant Resolved Claim
 through set-off against the corresponding Reserved Sum, and to treat its obligation to pay
 the Reserved Sum as being reduced by the amount set-off; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) pay
 to the Seller the remaining balance of the corresponding Reserved Sum (if any) after set-off
 pursuant to clause 9.17(a). The Buyer shall make such payment (whether in cash or by the
 issue of shares in the common stock of the Buyer, as the case may be in respect of the relevant
 Deferred Payment) no later than three Business Days of the Outstanding Claim becoming a Resolved
 Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.18 Nothing
 in clauses 9.15 to 9.17 shall prejudice, limit or otherwise affect:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 right or remedy the Buyer may have against the Seller from time to time, whether arising
 under this or any other agreement or at law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer's right to recover against the Seller, whether before or after the relevant Deferred
 Payment is made in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.19 The
 amount of a Reserved Sum withheld by the Buyer in accordance with this clauses 9.15 to 9.17
 shall not be regarded as imposing any limit on the amount of any claims under this or any
 other agreement or at law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.20 If
 a Due Amount is not fully satisfied by set-off under clause 9.15(a) or clause 9.17:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) nothing
 in this Agreement shall prevent or otherwise restrict the Buyer's right to recover
 the balance from the Seller, and the Due Amount (to the extent not so satisfied) shall remain
 fully enforceable against the Seller; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer shall be entitled by notice in writing (a "**Clawback Notice**") to
 require the Seller to transfer to the Buyer such number of Consideration Shares then held
 by the Seller with an aggregate value, determined using the VWAP of each share of common
 stock of the Buyer for the five (5) trading days prior to (and excluding) the date of the
 Clawback Notice, as is nearest to the Due Amount (or, if not the full Due Amount, the relevant
 part of the Due Amount that the Buyer may specify in the Clawback Notice) based on a whole
 number of shares (the "**Clawback Shares** "). Clauses 6.10 to 6.12 shall apply
 on a *mutatis mutandis* basis to the transfer of the Clawback Shares (as if the Clawback
 Notice were an Exercise Notice, the Clawback Shares were the Option Shares and completion
 of the transfer of the Clawback Shares (the "**Clawback Completion**") were
 the Option Completion), provided that the Buyer shall be entitled to specify the date for
 Clawback Completion in the Clawback Notice and the payment of the consideration for the Clawback
 Shares shall be automatically satisfied by way of set-off against the Due Amount (or the
 part of the Due Amount that the Buyer may specify in the Clawback Notice) at Clawback Completion.

9.21 Where
 any amount is to be converted between GBP and USD for the purposes of clauses 9.15 to 9.20
 (the date upon which such conversion is required being the "**relevant date** "),
 such conversion shall be determined using the average spot rate of exchange (closing mid-point)
 for the exchange of USD into GBP (or vice versa) as published in the London edition of the
 Financial Times first published on the last Business Day prior to and excluding the relevant
 date, or where no such rate of exchange is published in respect of that date, at the rate
 quoted by www.oanda.com as at the close of business in London on the last Business Day prior
 to and excluding relevant date (such average spot rate calculated by reference to the average
 over the previous 10 Business Days immediately prior to and excluding the relevant date).

---

| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |

---

10.1 The
 Buyer warrants to the Seller that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

---

| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 **Entire Agreement** 

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 **Alterations** 

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 **Counterparts** 

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement. No counterpart shall be effective until each party has duly executed at least one counterpart.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 **Payment of Costs** 

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

---

| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

---

| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

---

| | |
|:---|:---|
| **14** | **NOTICES** |

---

14.1 Every
 notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at jack@veloce.gg;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

---

| | |
|:---|:---|
| **15** | **APPLICABLE LAW AND SUBMISSION TO JURISDICTION** |

---

15.1 This
 Agreement and any issues, disputes or claims arising out of or in connection with it shall
 be governed by and construed in accordance with English law.

15.2 Each
 party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction
 to settle any dispute or claim (including non-contractual disputes or claims) arising out
 of or in connection with this Agreement or its subject matter or formation.

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller] [Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between Jack Clarke and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option]* in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ].

 

Yours faithfully,

*[Signature]*

 

**EXECUTION PAGES**

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | */s/ Robert J. Stubblefield* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Name of authorised signatory) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Title of authorised signatory) |

---

---

| | |
|:---|:---|
| Witness signature: | */s/ Gregory Potts* |
| Witness name: | Gregory Potts |
| Witness occupation: | chief operating officer |
| Witness address: | 5049 Edwards Ranch Rd 4th floor, Fort worth, TX 76109 |

---

---

| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) | */s/ Jack Clarke* |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by JACK CLARKE** in the presence of: |))))))) |  |

---

---

| | |
|:---|:---|
| Witness signature: | */s/Lee collier* |
| Witness name: | Lee collier |
| Witness occupation: | Consultant |
| Witness address: | 53 Pont st London swlx 0BD |

---

## Exhibit 10.75

**Exhibit 10.75**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

(1) **MPA CREATIVE LIMITED** a private company incorporated and registered in England and Wales with
 company number 06726508 and whose registered office address is c/o Riches & Company,
 34 Anyards Road, Cobham, Surrey, KT11 2LA (the "**Seller** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

1.1 In
 this Agreement unless the context otherwise requires:

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 57,851 shares of common stock of the Buyer;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Data Room**" has the meaning given in the Subscription Agreement;

"**Disclosed**" has the meaning given in the Subscription Agreement; "**Disclosure Letter**" has the meaning given in the Subscription Agreement;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006; "**Nominated Account**" means the following bank account:

Bank: HSBC

Account Name: MPA Creative Ltd

Account No: 12439344

Sort Code: 40-47-08

IBAN: GB52HBUK40470812439344

BIC: HBUKGB4109S

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Purchase Price**" has the meaning set out in clause 3.1; "**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Sale Shares**" means the 684 A Ordinary Shares of £0.01 each in the capital of the Company held by the Seller;

"**Second Call Option Shares**" means 25% of the number of Consideration Shares issued to the Seller on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement; and

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

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| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

3.1 The
 purchase price for the Sale Shares shall be £825,378 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £400,000
 shall be paid in cash in GBP in accordance with clauses 3.2 and 3.3 (the "**Cash Consideration** ");
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £425,378
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (being the agreed GBP equivalent of US $10 as at the date of this Agreement).

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £50,000 | Completion Date |
| £31,818.18 | 17 March 2026 |
| £79,545.45 | 15 April 2026 |
| £79,545.45 | 15 July 2026 |
| £79,545.45 | 15 October 2026 |
| £79,545.45 | 15 February 2027 |

---

3.3 All
 cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by
 way of electronic transfer of immediately available cleared funds into the Nominated Account.
 Each payment made to the Nominated Account shall discharge the obligations of the Buyer in
 relation to the amount so paid, and the Buyer shall have no obligation as to its distribution
 to the Seller.

3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares.

4.2 At
 Completion, the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) pay
 the first instalment of the Cash Consideration to the Seller in accordance with clauses 3.2
 and 3.3; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) issue
 the Consideration Shares to the Seller, credited as fully paid and issued, or otherwise procure
 that the Consideration Shares will be issued as soon as reasonably practicable, and in any
 event within five Business Days of Completion.

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| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares (or any interest in them), or enter into any agreement to do so, except in accordance
 with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares (or any interest
 in them), or enter into any agreement to do so, except in accordance with clause 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer.

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the
 "**First Call Option**") and an option to purchase the Second Call Option
 Shares (the "**Second Call Option** "), in each case, subject to and in accordance
 with the terms of this clause 6.

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

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| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall procure that the Seller shall have access to the Buyer's broker in order
 for the Seller to facilitate the sale of shares in the Buyer as and when such shares are
 unrestricted and the Seller elects to make any such sale.

---

| | |
|:---|:---|
| **8** | **DEFAULT** |

---

8.1 If
 all or any part of an instalment of the Cash Consideration is not paid on the applicable
 payment date set out in clause 3.2, or all or any part of the Option Consideration is not
 paid at Option Completion (such amount due but unpaid being an "**Overdue Sum** ")
 then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

8.2 If
 the issue of any shares pursuant to this Agreement will result in the Seller holding more
 than 5% of the shares of common stock of the Buyer, the Seller may elect at its sole discretion
 (and by giving written notice to the Buyer) to be issued pre-funded warrants (in the form
 substantially set out in Schedule 2) with the exercise price being the price at which the
 shares would otherwise have been issued in respect such shares in the common stock of the
 Buyer to avoid the Seller exceeding that threshold and the Buyer shall issue such pre-funded
 warrants to the Seller within 10 Business Days of the notice being given by the Seller.

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| | |
|:---|:---|
| **9** | **SELLER WARRANTIES AND LIMITATIONS** |

---

9.1 The
 Seller warrants to the Buyer that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that, subject to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

so far as the Seller is actually aware (the defined terms in this clause 9.2 being as defined in the Subscription Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Accounts have been prepared in accordance with accounting principles, standards and practices
 which are generally accepted in the United Kingdom as at the Accounts Date and on the same
 basis and in accordance with the same accounting policies as the corresponding accounts for
 the preceding three financial years (save as disclosed in the Accounts or such corresponding
 accounts), comply with the requirements of the Companies Act 2006 and give a true and fair
 view of the state of affairs of the Company and the Subsidiaries on a consolidated basis
 (in relation to the group accounts) and the Company (in relation to the Company accounts)
 at the Accounts Date and of the profits and losses for the period concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Management Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (having regard for the purpose for which they were prepared and the information known to the Company at the date on which they were prepared) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) are
 not inaccurate or misleading in any material respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Since
 the Management Accounts Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been carried on in the ordinary course and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) save in respect of the acquisition of additional shares in the capital of Quadrant Esports Limited, it has not acquired or disposed of or agreed to acquire or dispose of any business or any material asset (other than trading stock in the ordinary course of the business carried on by it) or assumed or acquired any material liability (including a contingent liability);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution (as defined by sections 1000, 1064 and 455, 459, and 460 of the Corporation Taxes Act 2010) has been declared, made or paid to its members nor has it repaid any loan capital or other debenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no change has been made (or agreed to be made) in the emoluments or other terms of employment of any of its directors nor has it paid any bonus or special remuneration to any of its directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) it has not borrowed monies (except in the ordinary course of the business carried on by it or from its bankers under agreed loan facilities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) there has not been any material deterioration in the financial position or, so far as the Company is aware, prospects of the Business (whether in consequence of normal trading or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no employee on a salary in excess of £100,000 per annum has been dismissed or made redundant nor has the Company taken or omitted to take any action which would entitle any such employee to claim that they have been constructively dismissed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) it has not incurred any material liabilities or obligations, contingent or otherwise, other than:

&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) liabilities and obligations incurred in the ordinary course of business since the Management Accounts Date; or

&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) liabilities and obligations that would not be required under accounting principles, standards and practices which are generally accepted in the United Kingdom to be disclosed on a balance sheet of the Company if one were prepared as of the date of this Agreement.

9.3 Each
 warranty statement in clause 9.2 is a separate and independent warranty, and, save as otherwise
 expressly provided, no such warranty statement shall be limited by reference to any other
 warranty statement or by the other terms of this Agreement.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud , or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares).

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a mutatis mutandis
 basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim until the liability becomes an actual liability
 or (as the case may be) becomes capable of being quantified and provided that notice is given
 to the Seller within 15 Business Days of the liability becoming an actual liability or (as
 the case may be) becoming capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss, whether such loss is recovered
 pursuant to this Agreement, the Subscription Agreement or any other share transfer agreement
 entered into on or around the date of this Agreement.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

---

| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |

---

10.1 The
 Buyer warrants to the Seller that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

---

| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |

---

11.1 **Entire Agreement** 

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

11.2 **Alterations** 

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

11.3 **Counterparts** 

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement.

No counterpart shall be effective until each party has duly executed at least one counterpart.

11.4 **Payment of Costs** 

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

---

| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

---

| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

---

| | |
|:---|:---|
| **14** | **NOTICES** |

---

14.1 Every
 notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at ian.burrows@mpacommercial.com,
 with a copy (which shall not constitute notice) to Laura.Chandler@Mishcon.com;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

14.4 The
 Buyer appoints the Company of 58a Bronsart Road, London, England, SW6 6AA to act as its agent
 to accept service of process and any other documents in any legal action or proceedings arising
 out of or in connection with this Agreement in England and Wales.

14.5 The
 Buyer undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 will maintain such appointment, or an appointment with a replacement agent for service with
 a registered office in England and Wales, in full force and effect for so long as any of
 its obligations under this Agreement remain outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the Company ceases to be its agent for service of process in England and Wales,
 including in circumstances where the Buyer wishes to replace the Company as its agent, it
 will immediately appoint a replacement agent for service with a registered office address
 in England and Wales and notify the Seller in writing of the name and address of such replacement
 agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Buyer fails to appoint a replacement agent in accordance with clause 14.5(b) above, the
 Seller shall be entitled (without prejudice to any other mode of service) to serve any process
 or other document by sending the same by registered post to the Buyer and/or the Company
 at its last known address, and such service shall be deemed effective.

---

| | |
|:---|:---|
| **15** | **APPLICABLE LAW AND DISPUTE RESOLUTION** |

---

15.1 This
 Agreement and any issues, disputes or claims arising out of or in connection with it shall
 be governed by and construed in accordance with English law.

15.1 Each
 party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction
 to settle any dispute or claim (including non-contractual disputes or claims) arising out
 of or in connection with this Agreement or its subject matter or formation.

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller]* *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between MPA Creative Limited and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ].

Yours faithfully,

*[Signature]*

 

**SCHEDULE 2**

**FORM OF WARRANT**

**Appendix**

**COMMON STOCK PURCHASE WARRANT**

**Sports Entertainment Gaming Global Corporation**

---

| | |
|:---|:---|
| **Warrant Shares: XXX,XXX, subject to** | **Issuance Date: XXX,XXX** |
| **adjustment as set forth herein.** |  |

---

THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, **XXX,XXX**, or its registered assigns (the "Holder") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date as set forth above and on or prior to the close of business on the fifth and half annual anniversary of the Issuance Date (the "Termination Date") but not thereafter, to subscribe for and purchase from **Sports Entertainment Gaming Global Corporation**., a Delaware company with principal executive offices at 5049 Edwards Ranch Road, 4<sup>th</sup> Floor, Fort Worth, Texas 76109 (the "Company"), the number of shares of common stock, par value $0.001 per share (the "Common Stock") of the Company (as subject to adjustment hereunder, the "Warrant Shares") as set forth above. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2.

Section 1. <u>Warrant Shares</u>. This Warrant is issued and entered into pursuant to the Share Purchase Agreement, dated as of **XXX,XXX**, by and between the Company and the Holder (the "Purchase Agreement").

Section 2. Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exercise
 of the purchase rights represented by this Warrant may be made, in whole or in part, at any
 time or times on or after Issuance Date and before the Termination Date by delivery to the
 Company (or such other office or agency of the Company as it may designate by notice in writing
 to the registered Holder at the address of the Holder appearing on the books of the Company)
 of a duly executed facsimile copy of the Notice of Exercise Form attached hereto. Within
 two (2) Trading Days (as defined below) following the date of aforesaid exercise, the Holder
 shall deliver the aggregate Exercise Price (if the exercise is pursuant to Section 2(b))
 for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's
 check drawn on a bank specified in the applicable Notice of Exercise. No ink-original Notice
 of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
 or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to
 the contrary (although the Holder may surrender the Warrant to, and receive a replacement
 Warrant from, the Company), the Holder shall not be required to physically surrender this
 Warrant to the Company until the Holder has purchased all of the Warrant Shares available
 hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender
 this Warrant to the Company for cancellation within three (3) Trading Days of the date the
 final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
 in purchases of a portion of the total number of Warrant Shares available hereunder shall
 have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
 in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the
 Company shall maintain records showing the number of Warrant Shares purchased and the date
 of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
 within one (1) Trading Day of delivery of such notice. **The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.** For purposes herein, the term "Trading Day"
 means any day that shares of Common Stock are listed for trading or quotation on any Trading
 Market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Exercise Price</u>. The aggregate exercise price of this Warrant was pre-funded to the Company prior
 to the Initial Exercise Date and, consequently, no additional consideration shall be required
 to be paid by the Holder to any Person to effect any exercise of this Warrant. The Holder
 shall not be entitled to the return or refund of all, or any portion, of such pre-paid aggregate
 exercise price under any circumstance or for any reason whatsoever, including in the event
 this Warrant shall not have been exercised prior to the Termination Date.

Notwithstanding anything herein to the contrary, on the Termination Date, unless the Holder notifies the Company otherwise, if there is no effective registration statement registering the Warrant Shares, or no current prospectus available for, the resale of the Warrant Shares by the Holder, then this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c); provided however, that if the automatic exercise contemplated under this Section shall result in a conflict with the beneficial ownership limitations of Section 2(e), the Termination Date shall be extended so long as necessary to provide for full exercise of the Warrant under this Section 2(c). If Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised, and the holding period of the Warrant Shares being issued may be tacked on to the holding period of this Warrant. Assuming (i) the Holder is not an Affiliate of the Company, and (ii) all of the applicable conditions of Rule 144 promulgated under the Securities Act with respect to Holder and the Warrant Shares are met in the case of such a cashless exercise, the Company agrees that the Company will cause the removal of the legend from such Warrant Shares (including by delivering an opinion of the Company's counsel to the Company's transfer agent at its own expense to ensure the foregoing), and the Company agrees that the Holder is under no obligation to sell the Warrant Shares issuable upon the exercise of the Warrant prior to removing the legend. The Company agrees not to take any position contrary to this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Mechanics of Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Delivery of Certificates Upon Exercise</u>. Certificates for shares purchased hereunder shall be transmitted
 by the Company's then-engaged transfer agent (the "Transfer Agent") to
 the Holder by crediting the account of the Holder's broker with The Depository Trust
 Company through its Deposit or Withdrawal at Custodian system (" <u>DWAC</u> ")
 if the Company is then a participant in such system and there is an effective registration
 statement permitting the issuance of the Warrant Shares to, or resale of the Warrant Shares,
 by the Holder and otherwise by physical delivery to the address specified by the Holder in
 the Notice of Exercise by the date that is two (2) Trading Days after the delivery to the
 Company of the Notice of Exercise, (such date, the "Warrant Share Delivery Date").
 The Warrant Shares shall be deemed to have been issued, and Holder or any other person so
 designated to be named therein shall be deemed to have become a holder of record of such
 shares for all purposes, as of the date the Warrant has been exercised, with payment to the
 Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior
 to the issuance of such shares, having been paid. The Company understands that a delay in
 the delivery of the Warrant Shares after the Warrant Share Delivery Date could result in
 economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees
 to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant
 Shares upon exercise of this Warrant the amount of $500.00 per Trading Day. The Company shall
 pay any payments incurred under this Section 2(d) in immediately available funds, or shares
 of Common Stock of the Company, in the Holder's discretion, upon demand. Furthermore,
 in addition to any other remedies which may be available to the Holder, in the event that
 the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant
 Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
 delivery of a notice to such effect to the Company, whereupon the Company and the Holder
 shall each be restored to their respective positions immediately prior to the exercise of
 the relevant portion of this Warrant, except that the liquidated damages described above
 shall be payable through the date notice of revocation or rescission is given to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Delivery of New Warrants Upon Exercise</u>. If this Warrant shall have been exercised in part, the
 Company shall, at the request of Holder and upon surrender of this Warrant certificate, at
 the time of delivery of the certificate or certificates representing Warrant Shares, deliver
 to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased
 Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
 be identical with this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>Rescission Rights</u>. If the Company fails to cause the Transfer Agent to transmit to the Holder a
 certificate or the certificates representing the Warrant Shares by the Warrant Share Delivery
 Date, then the Holder will have the right, at any time prior to issuance of such Warrant
 Shares, to rescind such exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) <u>No Fractional Shares or Scrip</u>. No fractional shares or scrip representing fractional shares
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at
 its election, either pay a cash adjustment in respect of such final fraction in an amount
 equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) <u>Charges, Taxes and Expenses</u>. Issuance of certificates for Warrant Shares shall be made without
 charge to the Holder for any issue or transfer tax or other incidental expense in respect
 of the issuance of such certificate, all of which taxes and expenses shall be paid by the
 Company, and such certificates shall be issued in the name of the Holder or in such name
 or names as may be directed by the Holder; provided, however, that in the event certificates
 for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant
 when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
 duly executed by the Holder and the Company may require, as a condition thereto, the payment
 of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company
 shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) <u>Closing of Books</u>. The Company will not close its shareholder books or records in any manner which
 prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Holder's Exercise Limitations; Exchange Cap</u>. The Company shall not effect any exercise of this
 Warrant, and Holder shall not have the right to exercise any portion of this Warrant, to
 the extent that after giving effect to such issuance after exercise as set forth on the applicable
 Notice of Exercise, the Holder (together with the Holder's affiliates, and any other
 Persons acting as a group together with the Holder or any of the Holder's affiliates),
 would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).
 For purposes of the foregoing sentence, the number of shares of Common Stock beneficially
 owned by the Holder and its affiliates shall include the number of shares of Common Stock
 issuable upon exercise of this Warrant with respect to which such determination is being
 made, but shall exclude the number of shares of Common Stock which would be issuable upon
 (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by
 the Holder or any of its affiliates and (ii) exercise or conversion of the unexercised or
 nonconverted portion of any other securities of the Company (including, without limitation,
 any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
 to the limitation contained herein beneficially owned by the Holder or any of its affiliates.
 Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial
 ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the
 rules and regulations promulgated thereunder, it being acknowledged by the Holder that the
 Company is not representing to the Holder that such calculation is in compliance with Section
 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required
 to be filed in accordance therewith. To the extent that the limitation contained in this
 Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
 to other securities owned by the Holder together with any affiliates) and of which portion
 of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission
 of a Notice of Exercise shall be deemed to be the Holder's determination of whether
 this Warrant is exercisable (in relation to other securities owned by the Holder together
 with any affiliates) and of which portion of this Warrant is exercisable, in each case subject
 to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify
 or confirm the accuracy of such determination. In addition, a determination as to any group
 status as contemplated above shall be determined in accordance with Section 13(d) of the
 Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section
 2(e), in determining the number of outstanding shares of Common Stock, Holder may rely on
 the number of outstanding shares of Common Stock as reflected in (A) the Company's
 most recent periodic or annual report filed with the Commission, as the case may be, (B)
 a more recent public announcement by the Company or (C) a more recent written notice by the
 Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
 Upon the written or oral request of Holder, the Company shall within two Trading Days confirm
 orally and in writing to the Holder the number of shares of Common Stock then outstanding.
 In any case, the number of outstanding shares of Common Stock shall be determined after giving
 effect to the conversion or exercise of securities of the Company, including this Warrant,
 by the Holder or its affiliates since the date as of which such number of outstanding shares
 of Common Stock was reported. The "Beneficial Ownership Limitation" shall be
 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect
 to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder
 may decrease the Beneficial Ownership Limitation at any time and the Holder, upon not less
 than sixty-one (61) days' prior notice to the Company, may increase or waive the Beneficial
 Ownership Limitation provisions of this Section 2(e), provided that any such increase or
 waiver will not be effective until the 61<sup>st</sup> day after such notice is delivered
 to the Company. The provisions of this paragraph shall be construed and implemented in a
 manner otherwise than in strict conformity with the terms of this Section 2(e) to correct
 this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
 Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
 or desirable to properly give effect to such limitation. The limitations contained in this
 paragraph shall apply to a successor holder of this Warrant. In the event that the Company
 is prohibited from issuing any shares of Common Stock pursuant to this Warrant due to the
 Company's failure to obtain the Shareholder Approval (such number of shares that are
 prohibited from being issued are referred to herein as the "Exchange Cap Shares"),
 in lieu of issuing and delivering such Exchange Cap Shares to the Holder, the Company shall
 pay cash to the Holder in exchange for the cancellation of such portion of this Warrant exercisable
 into such Exchange Cap Shares (the "Exchange Cap Payment Amount") at a price
 equal to the sum of (x) the product of (A) such number of Exchange Cap Shares and (B) the
 greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing
 on the date the Holder delivers the applicable Exercise Notice with respect to such Exchange
 Cap Shares to the Company and ending on the date of the aforementioned payment under this
 Warrant and (y) to the extent the Holder purchases (in an open market transaction or otherwise)
 shares of Common Stock to deliver in satisfaction of a sale by the Holder of Exchange Cap
 Shares, any brokerage commissions and other out-of-pocket expenses, if any, of the Holder
 incurred in connection therewith. The limitations contained in this paragraph shall apply
 to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Voluntary Adjustment By Company.</u> Subject to the rules and regulations of the primary Trading Market,
 the Company may at any time during the term of this Warrant, with the prior written consent
 of the Required Holders, reduce the then current Exercise Price to any amount and for any
 period of time deemed appropriate by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Number of Warrant Shares</u>. Simultaneously with any adjustment to the Exercise Price pursuant
 to this Warrant, the number of Warrant Shares that may be purchased upon exercise of this
 Warrant shall be increased proportionately, so that after such adjustment the aggregate Exercise
 Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the
 aggregate Exercise Price in effect immediately prior to such adjustment (without regard to
 any limitations on exercise contained herein). For the avoidance of doubt, the aggregate
 Exercise Price payable prior to such adjustment is calculated as follows: the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation) multiplied by the Exercise Price
 in effect immediately prior to such adjustment. By way of example, if E is the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation), F is the Exercise Price in effect
 immediately prior to such adjustment, and G is the Exercise Price in effect immediately after
 such adjustment, the adjustment to the number of Warrant Shares can be expressed in the following
 formula: Total number of Warrant Shares after such adjustment = the number obtained from
 dividing [E x F] by G.

Section 3. <u>Certain Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Definition</u>.
 For purposes herein, "Exempt Issuance" means the issuance of (a) shares of Common
 Stock or options to employees, officers, directors, advisors or independent contractors of
 the Company; provided, that such issuance is approved by a majority of the Board; and provided,
 further that such issuance shall not exceed in the aggregate 7.5% of the outstanding shares
 of Common Stock without the prior approval of the Holder, (b) securities upon the exercise
 of this Warrant or the exchange or conversion of any other securities issued to the Holder
 pursuant to the Purchase Agreement, and (c) securities issued pursuant to acquisitions or
 any other strategic transactions approved by a majority of the disinterested members of the
 Board; provided, that such acquisitions and other strategic transactions shall not include
 a transaction in which the Company is issuing securities primarily for the purpose of raising
 capital or to an entity whose primary business is investing in securities.

Section 4. <u>Transfer of Warrant</u>. Transferability. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant to the Company or its designated agent via email together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

Section 5. <u>New Warrants</u>. Subject to compliance with all applicable securities laws, this Warrant may be divided or combined with other Warrants upon presentation hereof to the Company via email, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto. <u>Warrant Register</u>. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the "Warrant Register"), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

Section 6. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which shall not include the posting of any bond), and upon surrender and cancellation
 of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new
 Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
 such Warrant or stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Saturdays, Sundays, Holidays, etc</u>. If the last or appointed day for the taking of any action or
 the expiration of any right required or granted herein shall not be a Trading Day, then,
 such action may be taken or such right may be exercised on the next succeeding Trading Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Authorized Shares</u>. The Company covenants that, during the period the Warrant is outstanding, it
 will reserve from its authorized and unissued Common Stock a sufficient number of shares
 to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
 under this Warrant, which number shall be at least 500% of the number of Warrant Shares to
 be issued upon exercise of this Warrant. The Company further covenants that its issuance
 of this Warrant shall constitute full authority to its officers who are charged with the
 duty of executing stock certificates to execute and issue the necessary certificates for
 the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
 will take all such reasonable action as may be necessary to assure that such Warrant Shares
 may be issued as provided herein without violation of any applicable law or regulation, or
 of any requirements of the trading market upon which the Common Stock may be listed. The
 Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase
 rights represented by this Warrant will, upon exercise of the purchase rights represented
 by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized,
 validly issued, fully paid and non-assessable and free from all taxes, liens and charges

 transfer occurring contemporaneously with such issue). Except and to the extent as waived
 or consented to by the Holder, the Company shall not by any action, including, without limitation,
 amending its articles of incorporation or through any reorganization, transfer of assets,
 consolidation, merger, dissolution, issue or sale of securities or any other voluntary action,
 avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
 but will at all times in good faith assist in the carrying out of all such terms and in the
 taking of all such actions as may be necessary or appropriate to protect the rights of Holder
 as set forth in this Warrant against impairment. Without limiting the generality of the foregoing,
 the Company will (i) not increase the par value of any Warrant Shares above the amount payable
 therefor upon such exercise immediately prior to such increase in par value; (ii) take all
 such action as may be necessary or appropriate in order that the Company may validly and
 legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant;
 and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
 or consents from any public regulatory body having jurisdiction thereof, as may be, necessary
 to enable the Company to perform its obligations under this Warrant. Before taking any action
 which would result in an adjustment in the number of Warrant Shares for which this Warrant
 is exercisable or in the Exercise Price, the Company shall obtain all such authorizations
 or exemptions thereof, or consents thereto, as may be necessary from any public regulatory
 body or bodies having jurisdiction thereof. Failure to maintain sufficient shares for exercise
 of the Warrant, shall constitute an Event of Default under the Purchase Agreement and Holder
 shall be able to rely on any applicable default remedies thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law and Jurisdiction</u>. This Warrant shall be deemed executed, delivered and performed
 State of Delaware ("Delaware"). This Warrant shall be solely and exclusively
 construed and enforced in accordance with, and all questions concerning the construction,
 validity, interpretation and performance of this Warrant shall be governed solely and exclusively
 by the internal laws of Delaware, without giving effect to any choice of law or conflict
 of law provision or rule (whether of Delaware or any other jurisdiction) that would cause
 the application of the laws of any jurisdiction other than Delaware. The Company irrevocably
 and exclusively consents to and expressly agrees that binding arbitration in Delaware conducted
 by the Arbitrator Conflict Resolution Centre shall be their sole and exclusive remedy for
 any dispute arising out of or relating to the Warrant, Irrevocable Instructions or any other
 agreement between the parties, the Company's transfer agent or the relationship of
 the parties or their affiliates, and that the arbitration shall be conducted via telephone
 or teleconference. If the Arbitrator is not available, a different arbitrator or in Delaware
 shall be chosen by the Holder and agreed upon by the Company. Company covenants and agrees
 to provide written notice to Holder via email prior to bringing any action or arbitration
 action against the Company's transfer agent or any action against any person or entity
 that is not a party to this Warrant that is related in any way to this Warrant or any of
 the Exhibits under this Warrant or any transaction contemplated herein or therein, and further
 agrees to timely notify Holder to any such action. Company acknowledges that the governing
 law and venue provisions set forth in this Warrant are material terms to induce Holder to
 enter into the Transaction Documents and that but for Company's agreements set forth
 in this section, Holder would not have entered into the Transaction Documents. In the event
 that the Holder needs to take action to protect their rights under the Warrant, the Holder
 may commence action in any jurisdiction needed with the understanding that the Warrant shall
 still be solely and exclusively construed and enforced in accordance with, and all questions
 concerning the construction, validity, interpretation and performance of this Warrant shall
 be governed solely and exclusively by the internal laws of Delaware, without giving effect
 to any choice of law or conflict of law provision or rule (whether of Delaware or any other
 jurisdiction) that would cause the application of the laws of any jurisdiction other than
 the Delaware. Each party hereby irrevocably waives personal service of process and consents
 to process being served in any suit, action or proceeding in connection with this Note or
 any other related transaction document by email. This section and provision of the Warrant
 will not apply to the Confession of Judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Restrictions</u>.
 The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant,
 if not registered, will have restrictions upon resale imposed by state and federal securities
 laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Non-waiver and Expenses</u>. No course of dealing or any delay or failure to exercise any right hereunder
 on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
 Holder's rights, powers or remedies. Without limiting any other provision of this Warrant
 or the Purchase Agreement, if the Company fails to comply with any provision of this Warrant,
 which results in any material damages to the Holder, the Company shall pay to the Holder
 such amounts as shall be sufficient to cover any costs and expenses including, but not limited
 to, reasonable attorneys' fees, including those of appellate proceedings, incurred
 by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any
 of its rights, powers or remedies hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Notices</u>.
 Any notice, request or other document required or permitted to be given or delivered hereunder
 shall be delivered in accordance with the notice provisions of the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation of Liability</u>. No provision hereof, in the absence of any affirmative action by the Holder
 to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights
 or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
 price of any Common Stock or as a shareholder of the Company, whether such liability is asserted
 by the Company or by creditors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Remedies</u>.
 The Holder, in addition to being entitled to exercise all rights granted by law, including
 recovery of damages, will be entitled to specific performance of its rights under this Warrant.
 The Company agrees that monetary damages would not be adequate compensation for any loss
 incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
 to waive and not to assert the defense in any action for specific performance that a remedy
 at law would be adequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Successors and Assigns</u>. Subject to applicable securities laws, this Warrant and the rights and obligations
 evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted
 assigns of the Company and the successors and permitted assigns of Holder. The provisions
 of this Warrant are intended to be for the benefit of any Holder from time to time of this
 Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Amendment</u>.
 Other than as specifically set forth herein, this Warrant may be modified or amended or the
 provisions hereof waived only with the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Severability</u>.
 Wherever possible, each provision of this Warrant shall be interpreted in such manner as
 to be effective and valid under applicable law, but if any provision of this Warrant shall
 be prohibited by or invalid under applicable law, such provision shall be ineffective to
 the extent of such prohibition or invalidity, without invalidating the remainder of such
 provisions or the remaining provisions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Headings</u>.
 The headings used in this Warrant are for the convenience of reference only and shall not,
 for any purpose, be deemed a part of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in multiple counterparts,
 each of which shall be deemed an original and all of which taken together shall be but a
 single instrument. Counterparts may be delivered via facsimile, electronic mail (including
 pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
 www.docusign.com) or other transmission method and any counterpart so delivered shall be
 deemed to have been duly and validly delivered and be valid and effective for all purposes.

*[Signatures appear on following page]*

 

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of Issuance Date.

---

| | |
|:---|:---|
| SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. | SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. |
| By: |  |
|  | Robert J. Stubblefield, Chief Financial Officer, |
|  | [Interim] Chief Executive Officer & President |

---

---

| |
|:---|
| *Agreed and accepted:* |
| **XXX,XXX** |
| By: |
| Printed Name: |
| Title: |

---

NOTICE OF EXERCISE

THE UNDERSIGNED Buyer hereby exercises the right to receive_________________________of the shares of Common Stock ("Warrant Shares") of Sports Entertainment Gaming Global, a Delaware corporation (the "Company"), evidenced by the attached copy of the Common Stock Purchase Warrant (the "Warrant"). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. As this is a prefunded warrant, no additional consideration shall be paid upon exercise.

<u>Delivery of Warrant Shares</u>. The Company shall deliver to the Buyer_____________________Warrant Shares in accordance with the terms of the Warrant.

Date:_______________________

  <br> (Print Name of Registered Buyer)

By:   <br> Name:   <br> Title:  

ASSIGNMENT FORM

SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION.

FOR VALUE RECEIVED, [**_**] all of or [__] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to____________________________________________________________________whose address is_______________________________________________________________________________________.

Dated:____________ , 202___

Holder: [________________________________]

By:   <br> Name:   <br> Title:  

**EXECUTION PAGES**

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| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | */s/ Robert J. Stubblefield* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Name of authorised signatory) |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO,Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | (Title of authorised signatory) |

---

---

| | |
|:---|:---|
| Witness signature: | */s/ Gregory Potts* |
| Witness name: | Gregory Potts |
| Witness occupation: | Chief Operating Officer |
| Witness address: | 5049 Edwards Ranch Rd 4th floor, Fort Worth, TX 76109 |

---

**EXECUTION PAGES**

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| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | */s/ Ian Burrows* |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | (Sign here) |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | Ian Burrows |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | (Name of authorised signatory) |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | chief operating officer |
| **SIGNED AND DELIVERED AS A DEED by MPA CREATIVE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | (Title of authorised signatory) |

---

![](ex10-75_001.jpg)

## Exhibit 10.76

**Exhibit 10.76**

**DATED 18 FEBRUARY 2026**

**THE SELLER**

**AND**

**THE BUYER**

**SHARE PURCHASE AGREEMENT**

**for the sale and purchase of certain shares in the issued share capital of**

**VELOCE ESPORTS LIMITED**

**THIS AGREEMENT** is made on 18 February 2026

**PARTIES:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) **CRIMSON SWORDBLADE LIMITED** a private company incorporated and registered in England and Wales
 with company number 05235325 whose registered office address is at 1 Park Road, Hampton Wick,
 Kingston Upon Thames, Surrey, KT1 4AS (the "**Seller** "); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) **SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION** (trading as SEGG MEDIA and formerly known as
 LOTTERY.COM INC.), a corporation incorporated and registered in the State of Delaware, USA
 (with file number 5991629 and whose principal place of business is 5049 Edwards Ranch Road,
 4th Floor, Fort Worth, TX 76109) (the "**Buyer** ").

**IT IS AGREED** as follows:

---

| | |
|:---|:---|
| **1** | **DEFINITIONS AND INTERPRETATION** |

---

1.1 In
 this Agreement unless the context otherwise requires:

"**Business Day**" means any day other than a Saturday, Sunday or public holiday in England, Texas (USA) or Delaware (USA);

"**Buyer's Group**" means the Buyer, the subsidiaries of the Buyer, any company of which the Buyer is a subsidiary from time to time (its holding company) and any other subsidiaries from time to time of that holding company, each such company being a "**member of the Buyer's Group**";

**"Call Option**" has the meaning set out in clause 6.1;

"**Company**" means Veloce Esports Limited, a private company limited by shares incorporated in England and Wales with registered number 11135021 and having its registered office at 58a Bronsart Road, London, England, SW6 6AA;

"**Completion**" means completion of the sale and purchase of the Sale Shares by the performance by the parties of their respective obligations under clause 4;

"**Completion Date**" means the date of this Agreement;

"**Consideration Shares**" means 778,536 shares of common stock of the Buyer;

"**Consideration Warrant Instrument**" means the warrant instrument, in the form agreed between the Buyer and Seller, constituting the Consideration Warrant;

"**Consideration Warrant**" means a pre-funded warrant in respect of the Consideration Warrant Shares;

"**Consideration Warrant Shares**" means 227,500 shares of common stock of the Buyer;

"**enactment**" means any statute or statutory provision (whether of the United Kingdom or elsewhere), subordinate legislation (as defined by section 21(1) Interpretation Act 1978) and any other subordinate legislation made under any such statute or statutory provision;

"**Data Room**" has the meaning given in the Subscription Agreement;

"**Disclosed**" has the meaning given in the Subscription Agreement;

"**Disclosure Letter**" has the meaning given in the Subscription Agreement;

"**Encumbrance**" means any mortgage, charge, pledge, lien, assignment, option, restriction, claim, right of pre-emption, right of first refusal, third party right or interest or other encumbrance, security interest or other arrangement having similar effect;

"**Exercise Notice**" means the written notice given in by the Seller or the Buyer, as the case may be, substantially in the form set out Schedule 1 to this Agreement;

"**First Call Option Shares**" means 251,509 of the Consideration Shares issued to the Seller on Completion (being different shares to the Second Call Option Shares), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Option Exercise Period**" means the period of ten Business Days commencing on (and including) the First Reference Date;

"**First Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**First Reference Date**" means 16 August 2026, or if such date is not a Business Day, the next Business Day thereafter;

"**holding company**" means a holding company as defined by section 1159 CA 2006;

"**Nominated Account**" means the following bank account:

Account name: Crimson Swordblade Limited

Bank: Lloyds Bank Plc

Sort Code: 30-93-74

Account: 04113016

IBAN: GB82LOYD30937404113016

BIC: LOYDGB21022

or such other account as the Seller may notify to the Buyer in writing from time to time;

"**Option**" means the Call Option or the Put Option;

"**Option Completion**" means the completion of the exercise of the relevant Option as described in clause 6.10;

"**Option Shares**" means the Call Option Shares or the Put Option Shares, as applicable;

"**Purchase Price**" has the meaning set out in clause 3.1;

"**Put Option**" has the meaning set out in clause 6.1;

"**Put Option Shares**" means all of the Consideration Shares held by the Seller on the date of the Exercise Notice;

"**Sale Shares**" means the:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) 4,273
 A Ordinary Shares of £0.01 each in the capital of the Company;

(b) 4,011
 B1 Ordinary Shares of £0.01 each in the capital of the Company; and

(c) 1
 B2 Ordinary Share of £0.01 each in the capital of the Company,

held by the Seller;

"**Second Call Option Shares**" means 251,509 of the Consideration Shares issued to the Seller on Completion (being different shares to the First Call Option Shares), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Option Exercise Period**" means the period of ten Business Days commencing on (and including) the Second Reference Date;

"**Second Put Option Shares**" means 50% of the number of Consideration Shares issued to the Seller by the Buyer on Completion (rounded up to the nearest whole Share), but excluding any such Consideration Shares transferred by the Seller prior to Option Completion in accordance with clause 5.4;

"**Second Reference Date**" means 30 April 2027, or if such date is not a Business Day, the next Business Day thereafter;

"**Subscription Agreement**" means the subscription agreement entered into by the Buyer and the Company on 11 July 2025, as varied from time to time between 11 July 2025 and the date of this Agreement (both dates inclusive) but, for the avoidance of doubt, excluding any variations or amendments made after the date of this Agreement; and

"**subsidiary**" means a subsidiary as defined by section 1159 CA 2006.

1.2 In
 this Agreement unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) references
 to a clause are to a clause of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) references
 to this Agreement or any other document or to any specified provision in any of them are
 to this Agreement, that document or that provision as in force for the time being and as
 amended from time to time in accordance with their terms or, as the case may be, with the
 agreement of the relevant parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words
 importing the singular include the plural and vice versa, words importing a gender include
 every gender and references to persons include corporations, partnerships and other unincorporated
 associations or bodies of persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words and phrases "other", "including" and "in particular"
 shall not limit the generality of any preceding words or be construed as being limited to
 the same class as the preceding words where a wider construction is possible;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to any enactment shall include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 provision which it has re-enacted (with or without modification) or modified; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) that
 enactment as re-enacted, replaced or modified from time to time, whether before, on or after
 the date of this Agreement,

but any such changes taking effect after the date of this Agreement shall not impose any additional liability or obligation on any of the parties or deprive any of them of any right, in each case under this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references
 to "writing" or "written" includes e-mail and any other method of
 reproducing words in a legible and non-transitory form.

1.3 The
 contents table and the descriptive headings to clauses in this Agreement are inserted for
 convenience only, have no legal effect and shall be ignored in interpreting this Agreement.

1.4 Any
 reference to the Consideration Shares for the purposes of clauses 5.2 to 5.4 and the Option
 Shares for the purposes of clause 6 shall be deemed to include any shares of common stock
 in the Buyer held by the Seller arising out of the consolidation, conversion or subdivision
 of any of the Consideration Shares, or acquired by any issue of shares of common stock in
 the Buyer by way of dividend, distribution, bonus issue or by way of capitalisation of profits
 or reserves, or in exchange or substitution for any of the Consideration Shares (each of
 the foregoing being a "**Reorganisation** "). If a Reorganisation occurs after
 the date of this Agreement but before Option Completion, all shares, stock and other securities
 (if any) to which the Seller (or its nominees) become legally or beneficially entitled as
 a result of each such Reorganisation, and which derive (whether directly or indirectly) from
 the Consideration Shares, shall be deemed to be subject to the restrictions in clauses 5.2
 to 5.4 and the Options in clause 6, and the US $10.00 amounts referred to throughout clause
 6 shall be adjusted appropriately to take account of the Reorganisation.

---

| | |
|:---|:---|
| **2** | **SALE AND PURCHASE OF THE SALE SHARES** |

---

2.1 The
 Seller shall on Completion sell to the Buyer the Sale Shares with full title guarantee and
 free from any Encumbrance, and the Buyer shall purchase the Sale Shares from the Seller.

2.2 Title
 to, beneficial ownership of, and any risk attaching to, the Sale Shares shall pass on Completion
 and the Sale Shares shall be sold and purchased together with all rights and benefits attached
 or accruing to them at Completion (including the right to receive any dividends, distributions
 or returns of capital declared, paid or made by the Company on or after Completion).

2.3 Neither
 the Seller nor the Buyer shall be obliged to complete the sale and purchase of the Sale Shares
 under this Agreement unless the sale and purchase of all of the Sale Shares under this Agreement
 are completed simultaneously.

---

| | |
|:---|:---|
| **3** | **PURCHASE PRICE** |

---

3.1 The
 purchase price for the Sale Shares shall be £9,397,321 (the "**Purchase Price** "),
 which shall be paid or satisfied by the Buyer to the Seller as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) £2,000,000
 shall be paid in cash in GBP in accordance with clauses 3.2 and 3.3 (the "**Cash Consideration** ");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) £5,724,527.45
 shall be satisfied on Completion (or as soon as reasonably practicable, and in any event
 within five Business Days, thereafter) by the Buyer issuing the Consideration Shares to the
 Seller, credited as fully paid. For these purposes, the Buyer and the Seller acknowledge
 and agree that the value of each Consideration Share for the purposes of this Agreement is
 £7.35 (rounded, being the agreed GBP equivalent of US $10 as at the date of this Agreement);
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) £1,672,793.55
 shall be satisfied on Completion by the Buyer issuing the Consideration Warrant to the Seller.

3.2 The
 Cash Consideration shall be paid by the Buyer to the Seller in the following instalments
 and on the following payment dates (or if such payment date is not a Business Day, the next
 Business Day thereafter):

---

| | |
|:---|:---|
| **Cash Consideration Amount** | **Payment Date** |
| £125,000 | Completion Date |
| £125,000 | 17 March 2026 |
| £437,500 | 15 April 2026 |
| £437,500 | 15 July 2026 |
| £437,500 | 15 October 2026 |
| £437,500 | 15 February 2027 |

---

3.3 All
 cash amounts to be paid by the Buyer to the Seller under this Agreement shall be paid by
 way of electronic transfer of immediately available cleared funds into the Nominated Account.
 Each payment made to the Nominated Account shall discharge the obligations of the Buyer in
 relation to the amount so paid, and the Buyer shall have no obligation as to its distribution
 to the Seller.

3.4 The
 Purchase Price shall be deemed to be reduced by the amount of any payment made to the Buyer
 for each and any claim under the Agreement.

---

| | |
|:---|:---|
| **4** | **COMPLETION** |

---

4.1 At
 Completion, the Seller shall deliver to the Buyer or authorised representatives of the Buyer
 (to the extent not previously delivered or provided):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) transfer(s)
 in respect of the Sale Shares duly executed and completed in favour of the Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 share certificates in respect of the Sale Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a
 copy of the Consideration Warrant Instrument, duly executed by or on behalf of the Seller.

4.2 At
 Completion, the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) pay
 the first instalment of the Cash Consideration to the Seller in accordance with clauses 3.2
 and 3.3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) issue
 the Consideration Shares to the Seller, credited as fully paid and issued, or otherwise procure
 that the Consideration Shares will be issued as soon as reasonably practicable, and in any
 event within five Business Days of Completion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) issue
 the Consideration Warrant to the Seller; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) deliver
 to the Seller a copy of the Consideration Warrant Instrument, duly executed by or on behalf
 of the Buyer.

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| | |
|:---|:---|
| **5** | **CONSIDERATION SHARES** |

---

5.1 Except
 for the restrictions set out in this Agreement, the Consideration Shares shall rank pari
 passu in all respects with the existing shares of common stock of the Buyer, including the
 right to receive all dividends declared, made or paid after the Completion Date (save that
 they shall not rank for any dividend or other distribution declared made, or paid by reference
 to a record date before the Completion Date).

5.2 The
 Seller undertakes to the Buyer that the Seller shall not at any time before the expiry of
 the First Option Exercise Period (or, if the Buyer has exercised the Call Option within the
 First Option Exercise Period, the date of Option Completion as set out in the Exercise Notice)
 sell, transfer or otherwise dispose of, or create any Encumbrance over, any of the Consideration
 Shares or all or part of the Consideration Warrant (or any interest in them), or enter into
 any agreement to do so, except in accordance with clause 5.4.

5.3 In
 addition to the undertaking set out in clause 5.2, the Seller undertakes to the Buyer that
 he or it shall not at any time before the expiry of the Second Option Exercise Period (or,
 if the Buyer has exercised the Call Option in the Second Option Exercise Period, the date
 of Option Completion as set out in the Exercise Notice) sell, transfer or otherwise dispose
 of, or create any Encumbrance over, more than 50% of the Consideration Shares or its rights
 under the Consideration Warrant Instrument in respect of more than 50% of the Consideration
 Warrant Shares that may be issued upon the exercise of the Consideration Warrant (or any
 interest in them), or enter into any agreement to do so, except in accordance with clause
 5.4.

5.4 Nothing
 in clauses 5.2 and 5.3 shall prevent the Seller from selling, transferring or otherwise disposing
 of any Consideration Shares or all or any part of its rights under the Consideration Warrant
 (or any interest in them):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 connection with any takeover of the whole of the shares of common stock of the Buyer which
 is recommended by a majority of the Buyer's board of directors; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with
 the prior written consent of the Buyer,

nor exercising all or any part of the Consideration Warrant in accordance with the terms of the Consideration Warrant Instrument, in which event, any Consideration Warrant Shares issued to the Seller upon each and any such exercise of the Consideration Warrant shall be deemed to be Consideration Shares for the purposes of this clauses 5 and 6 (as if they were issued to the Seller on Completion).

5.5 The
 Seller acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) none
 of the Consideration Shares will be eligible under Rule 144 of the US Securities Act of 1933
 (as amended) for the period upon which the restrictions in clause 5.2 apply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 50%
 of the Consideration Shares will not be eligible under Rule 144 of the US Securities Act
 of 1933 (as amended) for the period upon which the restrictions in clause 5.3 apply.

5.6 The
 Seller acknowledges and agrees that the Buyer will be granted and hold voting proxies on
 behalf of the Seller:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 respect of such number of the Consideration Shares (up to a maximum of 50% of the Consideration
 Shares); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for
 all or any part (or parts) of the period from the Completion Date until the Second Reference
 Date,

to the extent required, in the reasonable opinion of the Buyer, for the purposes of preventing (i) the existing shareholders of the Company prior to the date of this Agreement, whether individually or by acting in concert, from having, or being deemed to have, control of the Buyer or (ii) the Buyer from being required to make public filings in respect of the relationship of the existing shareholders as a voting bloc or persons acting in concert, in each case, under any applicable law, the rules of any stock exchange upon which the shares of the Buyer are traded (including NASDAQ), in accordance with the requirements of the Securities and Exchange Commission or for any other regulatory purpose.

---

| | |
|:---|:---|
| **6** | **CONSIDERATION SHARES PUT AND CALL OPTIONS** |

---

6.1 The
 Buyer grants to the Seller (i) an option to require the Buyer to purchase the First Put Option
 Shares (the "**First Put Option**") and (ii) an option to require the Buyer
 to purchase the Second Put Option Shares (the "**Second Put Option** "), and
 the Seller grants to the Buyer (iii) an option to purchase the First Call Option Shares (the
 "**First Call Option**") and an option to purchase the Second Call Option
 Shares (the "**Second Call Option** "), in each case, subject to and in accordance
 with the terms of this clause 6.

6.2 The
 First Put Option may only be exercised by the Seller in the First Option Exercise Period
 if the Volume Weighted Average Price ()"**VWAP**") of each share of common
 stock of the Buyer for the five (5) trading days prior to (and including) the First Reference
 Date is less than US $10.00.

6.3 The
 Second Put Option may only be exercised by the Seller in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is less than US $10.00.

6.4 The
 First Call Option may only be exercised by the Buyer in the First Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the First Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.5 The
 Second Call Option may only be exercised by the Buyer in the Second Option Exercise Period
 if the VWAP of each share of common stock of the Buyer for the five (5) trading days prior
 to (and including) the Second Reference Date is more than US $10.00 and may only be exercised
 by the Buyer on one occasion.

6.6 The
 First Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer, and
 the First Call Option may be exercised by the Buyer giving an Exercise Notice to the Seller,
 at any time within the First Option Exercise Period (subject always to the relevant condition
 in clause 6.2 or 6.4, as the case may be, being satisfied).

6.7 The
 Second Put Option may be exercised by the Seller giving an Exercise Notice to the Buyer,
 and the Second Call Option may be exercised by the Buyer giving an Exercise Notice to the
 Seller, at any time within the Second Option Exercise Period (subject always to the relevant
 condition in clause 6.3 or 6.5, as the case may be, being satisfied).

6.8 The
 Exercise Notice shall include (i) the date upon which the Exercise Notice is given, (ii)
 a statement to the effect that the First Put Option, Second Put Option, First Call Option
 or Second Call Option (as the case may be) is being exercised, and (iii) a date, which is
 no less than five and no more than 15 Business Days after the date of the Exercise Notice,
 on which Option Completion is to take place. An Exercise Notice may not be revoked once given.

6.9 The
 consideration payable by the Buyer to the Seller on the completion of the exercise of the
 relevant Option ()"**Option Consideration**") shall be US $10.00 per each Option
 Share, satisfied in full in cash in USD at Option Completion.

6.10 Option
 Completion shall take place remotely (or at such other place as is agreed by the parties
 in writing) on the date specified in the Exercise Notice (or such later date as the parties
 may agree in writing). At Option Completion:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer shall pay the Option Consideration to the Seller in USD in accordance with clause 3.3;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller shall deliver to the Buyer such form of stock power or stock transfer form in respect
 of the Option Shares ()"**Transfer Instruments**") or provide such instructions
 to its broker, custodian or transfer agent ()"**Transfer Instructions** "),
 in each case, as the Buyer may reasonably require to transfer the Option Shares to the Buyer.

6.11 The
 Option Shares shall be sold with full title guarantee free from all Encumbrances and with
 all rights and benefits attached or accruing to them at Option Completion (including the
 right to receive any dividends, distributions or returns of capital declared, paid or made
 by the Buyer on or after Option Completion).

6.12 If
 the Buyer has complied with its obligation to pay the Option Consideration in accordance
 with clause 6.10(a) and the Seller fails to comply with its obligations under clause 6.10(b),
 any director or officer of the Buyer may give a good discharge for the Option Consideration
 on behalf of the Seller and may execute and deliver to the Buyer the Transfer Instruments
 and give the Transfer Instructions on behalf of the Seller. The Seller hereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) irrevocably
 and by way of security for its obligations under this Agreement appoints any one director
 or officer of the Buyer nominated in writing by the Buyer as its attorney following the exercise
 of the relevant Option to execute, on the Seller's behalf, the Transfer Instruments,
 to give, on the Seller's behalf, the Transfer Instructions, and to execute such other
 documents and do all such other acts as may be necessary to transfer title to the Option
 Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) authorises
 the directors and officers of the Buyer to approve the registration of such Transfer Instruments
 or other documents.

---

| | |
|:---|:---|
| **7** | **POST COMPLETION MATTERS** |

---

7.1 The
 Seller undertakes that for so long as it remains the registered holder of any of the Sale
 Shares, it shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 such shares and the dividends and other distributions of profits or surplus or other assets
 declared, paid or made in respect of them on or after Completion and all rights arising out
 of or in connection with them in trust for the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) deal
 with and dispose of such shares and all such dividends, distributions and rights as are described
 in clause 7.1(a) as the Buyer may direct.

7.2 The
 Seller appoints the Buyer (subject as specified in clause 7.3) as its lawful attorney for
 the sole purpose of signing any written resolution (or receiving notices of and attending
 and voting at all meetings) of the members of the Company from Completion to the day on which
 the Buyer or its nominee is validly entered in the register of members of the Company as
 the holder of the shares referred to in clause 7.1 and for that purpose the Seller authorises:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company to send any written resolutions, notices or other communications in respect of their
 holding of Sale Shares to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer to complete in such manner as it thinks fit and to return written resolutions, proxy
 forms, consents to short notice and any other document required to be signed by it in its
 capacity as a member.

7.3 The
 power of attorney in clause 7.2 does not authorise the Buyer to pass any resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) under
 section 102 or 109 CA 2006 to re-register the Company as an unlimited company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) which
 would or might otherwise result in any additional liability of any nature falling directly
 or indirectly on the Seller (including by acquiring nil paid or partly paid shares in the
 capital of any company or shares in an unlimited company in the name of the Seller) and the
 appointment in clause 7.2 shall terminate in respect of the Seller on the date on which the
 Buyer is validly registered as a shareholder in the Company in respect of all of the Sale
 Shares.

7.4 The
 Seller shall, execute or, so far as is within its power, procure that any relevant third
 party shall execute all such documents and/or do or, so far as each is able, procure the
 doing of such acts and things as the Buyer shall after Completion reasonably require in order
 to vest the beneficial ownership of the Sale Shares in the Buyer.

7.5 The
 Buyer shall procure that the Seller shall have access to the Buyer's broker in order
 for the Seller to facilitate the sale of shares in the Buyer as and when such shares are
 unrestricted and the Seller elects to make any such sale.

---

| | |
|:---|:---|
| **8** | **DEFAULT** |

---

8.1 If
 all or any part of an instalment of the Cash Consideration is not paid on the applicable
 payment date set out in clause 3.2, or all or any part of the Option Consideration is not
 paid at Option Completion (such amount due but unpaid being an "**Overdue Sum** ")
 then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) should
 such Overdue Sum remain outstanding by the date falling 10 days after the applicable payment
 date but be paid before the date falling 20 days after the applicable payment date then the
 Buyer shall pay an amount equal to 105% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) should
 such Overdue Sum remain outstanding by the date falling 20 days after the applicable payment
 date but be paid before the date falling 30 days after the applicable payment date then the
 Buyer shall pay an amount equal to 110% of the Overdue Sum to the Seller in accordance with
 clause 3.3 in satisfaction of its obligation to pay the Overdue Sum;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) should
 such Overdue Sum remain outstanding by the date falling 30 days after the applicable payment
 date ()"**Prolonged Default Date** "), on each day after (and including) the
 Prolonged Default Date that the Overdue Sum remains outstanding, the Buyer shall immediately
 issue to the Seller such number of shares of common stock of the Buyer ()"**Prolonged Default Compensation Shares**") as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) $450
 x (Overdue Sum/100,000)

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the relevant date upon which the relevant Prolonged Default Compensation Shares
 are to be issued,

which process shall repeat every day after the Prolonged Default Date until an amount equal to 110% of the Overdue Sum has been repaid in full (whether before or after judgement). The Prolonged Default Compensation Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) should
 such Overdue Sum remain outstanding on the date falling 60 days after the applicable payment
 date ()"**Conversion Date** "), the Buyer shall on the Conversion Date issue
 to the Seller such number of shares of common stock of the Buyer ()"**Conversion Shares** ")
 as shall be determined by dividing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 110%
 of the Overdue Sum;

by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 VWAP of each share of common stock of the Buyer for the five (5) trading days prior to (and
 excluding) the Conversion Date,

rounded up to the nearest whole number of Conversion Shares, and such issue of the Conversion Shares shall constitute good and valid discharge of the obligation of the Buyer to pay 110% of the Overdue Sum to the Seller. The Conversion Shares shall be credited as fully paid, shall rank pari passu in all respects with the existing shares of common stock of the Buyer, including the right to receive all dividends declared, made or paid after their issue date (save that they shall not rank for any dividend or other distribution declared made, or paid by reference to a record date before their issue date); and shall be unrestricted and freely tradeable immediately after their issue date.

8.2 If
 the issue of any shares pursuant to this Agreement will result in the Seller holding more
 than 5% of the shares of common stock of the Buyer, the Seller may elect at its sole discretion
 (and by giving written notice to the Buyer) to be issued pre-funded warrants (in the form
 substantially set out in Schedule 2) with the exercise price being the price at which the
 shares would otherwise have been issued in respect such shares in the common stock of the
 Buyer to avoid the Seller exceeding that threshold and the Buyer shall issue such pre-funded
 warrants to the Seller within 10 Business Days of the notice being given by the Seller.

---

| | |
|:---|:---|
| **9** | **SELLER WARRANTIES AND LIMITATIONS** |

---

9.1 The
 Seller warrants to the Buyer that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller is the sole legal and beneficial owner and the sole registered holder of the Sale
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Seller is entitled to sell and transfer the full legal and beneficial interest in the Sale
 Shares to the Buyer on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Seller has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, the Seller's obligations under this Agreement will be binding on it;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by the Seller of its obligations under this Agreement
 will not result in any breach of applicable law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) at
 Option Completion, the Seller will be the sole legal and beneficial owner and the sole registered
 holder of the Option Shares (excluding any shares transferred by the Seller prior to Option
 Completion in accordance with clause 5.4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) at
 Option Completion, the Seller will be entitled to sell and transfer the full legal and beneficial
 interest in the Option Shares to the Buyer on the terms of this Agreement (excluding any
 shares transferred by the Seller prior to Option Completion in accordance with clause 5.4).

9.2 The
 Seller warrants to the Buyer that, subject to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 matters Disclosed in the documents contained in the Data Room;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 matters Disclosed in the Disclosure Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 exceptions expressly provided for in the remainder of this clause 9,

so far as the Seller is actually aware (the defined terms in this clause 9.2 being as defined in the Subscription Agreement):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 Accounts have been prepared in accordance with accounting principles, standards and practices
 which are generally accepted in the United Kingdom as at the Accounts Date and on the same
 basis and in accordance with the same accounting policies as the corresponding accounts for
 the preceding three financial years (save as disclosed in the Accounts or such corresponding
 accounts), comply with the requirements of the Companies Act 2006 and give a true and fair
 view of the state of affairs of the Company and the Subsidiaries on a consolidated basis
 (in relation to the group accounts) and the Company (in relation to the Company accounts)
 at the Accounts Date and of the profits and losses for the period concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 Management Accounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) have been prepared in accordance with good accounting practice on a basis consistent with that upon which the management accounts of the Company for the period to the Accounts Date were prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) (having regard for the purpose for which they were prepared and the information known to the Company at the date on which they were prepared) reasonably reflect the financial affairs of the Company at the date to which they have been prepared and its results for the period covered by the Management Accounts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) are not inaccurate or misleading in any material respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Since
 the Management Accounts Date as regards the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) its business has been carried on in the ordinary course and so as to maintain the same as a going concern;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) save in respect of the acquisition of additional shares in the capital of Quadrant Esports Limited, it has not acquired or disposed of or agreed to acquire or dispose of any business or any material asset (other than trading stock in the ordinary course of the business carried on by it) or assumed or acquired any material liability (including a contingent liability);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) no dividend or other distribution (as defined by sections 1000, 1064 and 455, 459, and 460 of the Corporation Taxes Act 2010) has been declared, made or paid to its members nor has it repaid any loan capital or other debenture;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) no change has been made (or agreed to be made) in the emoluments or other terms of employment of any of its directors nor has it paid any bonus or special remuneration to any of its directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) it has not borrowed monies (except in the ordinary course of the business carried on by it or from its bankers under agreed loan facilities);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) there has not been any material deterioration in the financial position or, so far as the Company is aware, prospects of the Business (whether in consequence of normal trading or otherwise);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) no employee on a salary in excess of £100,000 per annum has been dismissed or made redundant nor has the Company taken or omitted to take any action which would entitle any such employee to claim that they have been constructively dismissed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) it has not incurred any material liabilities or obligations, contingent or otherwise, other than:

&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) liabilities and obligations incurred in the ordinary course of business since the Management Accounts Date; or

&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) liabilities and obligations that would not be required under accounting principles, standards and practices which are generally accepted in the United Kingdom to be disclosed on a balance sheet of the Company if one were prepared as of the date of this Agreement.

9.3 Each
 warranty statement in clause 9.2 is a separate and independent warranty, and, save as otherwise
 expressly provided, no such warranty statement shall be limited by reference to any other
 warranty statement or by the other terms of this Agreement.

9.4 The
 rights and remedies of the Buyer in respect of any breach of clause 9.1 (a "**Fundamental Warranty Claim**") or clause 9.2 ()"**General Warranty Claim**") shall
 not be affected by Completion or any investigation made by or on behalf of the Buyer into
 the affairs of the Company.

9.5 The
 limitations set out in clauses 9.6 to 9.14 shall not apply to any Fundamental Warranty Claim
 or General Warranty Claim (each a "**Warranty Claim**") which is the consequence
 of fraud , or wilful concealment by or on behalf of the Seller.

9.6 No
 Warranty Claim may be made against the Seller unless written notice of such Warranty Claim
 is served on the Seller, giving reasonable details of the Warranty Claim (including to the
 extent the Buyer is aware, the nature of the liability and quantum of the Warranty Claim),
 within:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a Fundamental Warranty Claim, the three-year period commencing on the date of
 this Agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of a General Warranty Claim, the 18-month period commencing on the date of this
 Agreement.

9.7 The
 Seller shall not be liable for a Warranty Claim unless proceedings have been issued within
 6 months of the applicable date the notice referred to in clause 9.6 is given, and if proceedings
 have not been issued on or before expiry of such 6 month period, the Warranty Claim shall
 be deemed to have been irrevocably withdrawn and the Seller shall have no further liability
 in respect of that Warranty Claim.

9.8 The
 aggregate liability of the Seller in respect of all and any Warranty Claims shall be limited
 to an amount equal to the amount of the Purchase Price actually received by the Seller (whether
 paid in cash or satisfied by the issue of Consideration Shares).

9.9 The
 Seller shall not be liable for a General Warranty Claim unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Seller's liability in respect of that General Warranty Claim (together with any connected
 General Warranty Claims) exceeds £25,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 amount of the Seller's liability in respect of that Warranty General Claim when aggregated
 with the Seller's liability for all other Warranty General Claims (other than those
 excluded under clause 9.9(a) above), exceeds an amount equal to 1% of the Purchase Price,
 in which case the Seller shall be liable for the whole amount claimed (and not just the amount
 above the threshold specified in this clause 9.9(b) excluding any costs or expenses of the
 Buyer in connection with bringing any General Warranty Claims).

For the purpose of this clause, a General Warranty Claim is connected with another General Warranty Claim if they arise from the same event, facts or circumstances.

9.10 The
 limitations in clause 4.14 of the Subscription Agreement shall apply on a mutatis mutandis
 basis in this Agreement.

9.11 The
 Buyer shall be entitled to make a Warranty Claim in respect of any liability which is contingent
 or unascertained provided that written notice of the Warranty Claim (giving as far as practical
 the amount and details of the General Warranty Claim) is given to the Seller before the expiry
 of the relevant period specified in clause 9.6 and the Seller shall not be liable to make
 any payment in respect of such Warranty Claim until the liability becomes an actual liability
 or (as the case may be) becomes capable of being quantified and provided that notice is given
 to the Seller within 15 Business Days of the liability becoming an actual liability or (as
 the case may be) becoming capable of being quantified.

9.12 Nothing
 in this Agreement shall prejudice the Buyer's duty under common law to mitigate any
 loss or liability which is the subject of a Warranty Claim.

9.13 The
 Seller shall not be liable more than once for the same loss, whether such loss is recovered
 pursuant to this Agreement, the Subscription Agreement or any other share transfer agreement
 entered into on or around the date of this Agreement.

9.14 The
 Buyer agrees that damages for a Warranty Claim shall be its only remedy and that it shall
 not be entitled to the remedy of rescission.

---

| | |
|:---|:---|
| **10** | **BUYER WARRANTIES** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 The
 Buyer warrants to the Seller that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 has the power and authority to enter into and perform its obligations under this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) it
 has such power and authority as is required to issue the Consideration Shares to the Seller
 and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it
 has obtained all such consents in respect of the issue of the Consideration Shares to the
 Seller and any other shares to be issued to the Seller, on the terms of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) when
 executed, its obligations under this Agreement will be binding on it; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 execution and delivery of, and performance by it of its obligations under, this Agreement
 will not result in any breach of applicable law.

---

| | |
|:---|:---|
| **11** | **GENERAL PROVISIONS** |

---

11.1 **Entire Agreement** 

This Agreement constitutes the entire agreement between the parties in relation to the sale and purchase of the Sale Shares and other matters covered by it and supersedes any previous agreement between the parties in relation to those matters, which shall cease to have any further effect.

11.2 **Alterations** 

No purported alteration or variation of this Agreement shall be effective unless it is in writing, refers specifically to this Agreement and is duly executed by each party to this Agreement.

11.3 **Counterparts** 

This agreement may be executed in any number of counterparts, each of which when executed constitutes a duplicate original, but all the counterparts together constitute the one agreement. No counterpart shall be effective until each party has duly executed at least one counterpart.

11.4 **Payment of Costs** 

Each party shall be responsible for its own legal and other costs incurred in relation to the negotiation, preparation and completion of this Agreement and the transactions contemplated by this Agreement.

---

| | |
|:---|:---|
| **12** | **SUCCESSORS, ASSIGNS AND THIRD PARTY RIGHTS** |

---

12.1 This
 Agreement shall be binding on and shall enure for the benefit of the permitted assigns, personal
 representatives and successors in title of each party.

12.2 None
 of the parties (nor any other person entitled to enforce rights under this Agreement) may
 assign the benefit of any rights, or transfer any of their obligations, under this Agreement,
 except that, subject always to clause 12.3:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Buyer may assign any of its rights under this Agreement to any other member of the Buyer's
 Group and this provision shall constitute any consent required of the Seller for those purposes,
 provided that the Buyer shall procure that, if the assignee subsequently ceases to be a member
 of the Buyer's Group, the assignee shall assign the benefit of any of its rights under
 this Agreement back to the Buyer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Buyer may assign any of its rights in respect of the Call Option to any person, provided
 that it transfers all of its obligations in respect of the Call Option to such person at
 the same time, and the parties shall, and the Buyer shall procure that such person shall,
 enter into any agreements or other documents as may reasonably be required to give effect
 to such assignment and transfer.

12.3 In
 the case of any assignment by the Buyer in accordance with clause 12.2, the liability of
 the Seller will be no greater than such liability would have been had no such assignment
 occurred, and unless and until the Seller receives notification of such assignment, the Seller
 may deal with the Buyer in connection with all matters arising under this Agreement.

12.4 The
 Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person
 (including any employee, officer, agent, representative or sub-contractor of a party) other
 than a party to this Agreement has the right (whether under the Contracts (Rights of Third
 Parties) Act 1999 or otherwise) to enforce any term of this Agreement which expressly or
 by implication confers a benefit on that person without the express prior agreement in writing
 of the parties.

---

| | |
|:---|:---|
| **13** | **CONFIDENTIAL INFORMATION** |

---

13.1 Each
 party to this Agreement undertakes that it shall keep the terms of this Agreement, any information
 that it has acquired that is confidential in nature concerning the other parties and any
 information developed by either party in performing its obligations under, or otherwise pursuant
 to this Agreement ()"**Confidential Information**") confidential and that it
 shall not use or disclose the other party's Confidential Information to any person,
 except as permitted by clause 13.2.

13.2 A
 party to this Agreement may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) disclose
 any Confidential Information to any of its employees, officers, representatives or advisers
 ()"**Representatives**") who need to know the relevant Confidential Information
 for the purposes of the performance of any obligations under this Agreement, provided that
 such party must ensure that each of its Representatives to whom Confidential Information
 is disclosed is aware of its confidential nature and agrees to comply with this clause 13
 as if it were a party; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) disclose
 any Confidential Information as may be required by law, any court, any governmental, regulatory
 or supervisory authority (including, without limitation, any securities exchange on which
 the shares in the stock of the Buyer are traded) or any other authority of competent jurisdiction
 to be disclosed.

---

| | |
|:---|:---|
| **14** | **NOTICES** |

---

14.1 Every
 notice under this Agreement must be sent by e-mail and shall be deemed to be duly given if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of notices to the Seller, it is sent to the Seller at andyjwebb@btinternet.com,
 with a copy (which shall not constitute notice) to Laura.Chandler@Mishcon.com;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of notices to the Buyer, it is sent to Robert Stubblefield at rob.stubblefield@lottery.com
 and Amar Ali at amarali1978@gmail.com, with a copy (which shall not constitute notice) to
 Severs@crowell.com,

or to such other e-mail address or recipient as the relevant party may notify to the other party in accordance with this clause 14 from time to time, provided that such other e-mail address or recipient shall take effect no earlier than three Business Days following the date of such notice informing the other party of the new e-mail address or recipient.

14.2 Any
 notice duly given within the meaning of clause 14 shall be deemed to have been both given
 and received when such e-mail is sent.

14.3 For
 the purposes of this clause 14 "notice" shall include any request, demand, instruction,
 communication or other document. Each notice to be given under or in connection with this
 Agreement shall be in English and if that notice is translated into any other language, the
 English language text shall prevail.

14.4 The
 Buyer appoints the Company of 58a Bronsart Road, London, England, SW6 6AA to act as its agent
 to accept service of process and any other documents in any legal action or proceedings arising
 out of or in connection with this Agreement in England and Wales.

14.5 The
 Buyer undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) it
 will maintain such appointment, or an appointment with a replacement agent for service with
 a registered office in England and Wales, in full force and effect for so long as any of
 its obligations under this Agreement remain outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the event that the Company ceases to be its agent for service of process in England and Wales,
 including in circumstances where the Buyer wishes to replace the Company as its agent, it
 will immediately appoint a replacement agent for service with a registered office address
 in England and Wales and notify the Seller in writing of the name and address of such replacement
 agent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 the Buyer fails to appoint a replacement agent in accordance with clause 14.5(b) above, the
 Seller shall be entitled (without prejudice to any other mode of service) to serve any process
 or other document by sending the same by registered post to the Buyer and/or the Company
 at its last known address, and such service shall be deemed effective.

---

| | |
|:---|:---|
| **15** | **APPLICABLE LAW AND DISPUTE RESOLUTION** |

---

15.1 This
 Agreement and any issues, disputes or claims arising out of or in connection with it shall
 be governed by and construed in accordance with English law.

15.1 Each
 party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction
 to settle any dispute or claim (including non-contractual disputes or claims) arising out
 of or in connection with this Agreement or its subject matter or formation.

This document has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it.

**SCHEDULE 1**

**FORM OF EXERCISE NOTICE**

*[Name of sender]*

*[Address of sender]*

 

To: *[Buyer][Seller]* <br> *[Address of recipient]*

 

*[Date]*

 

Dear *[Buyer][Seller]*

 

***[First/Second] [Put/Call]* Option: Exercise Notice**

*[We][I]* refer to the share purchase agreement for the sale and purchase of certain shares in the issued share capital of Veloce Esports Limited entered into between Crimson Swordblade Limited and Sports Entertainment Gaming Global Corporation (trading as SEGG Media and formerly known as Lottery.com Inc.) on *[date]* (the "**SPA**"). Terms defined in the SPA shall have the same meanings when used in this notice, which is an Exercise Notice for the purposes of the SPA.

*[We][I]* hereby give you written notice, on the date set out above, that:

(a) *[we are][I am]* exercising the [ *First Put Option, Second Put Option, First Call Option or Second Call Option* ] in accordance with the terms of the SPA; and

(b) the
 date of Option Completion shall be: [ *insert a date, which is no less than five and no more than 15 Business Days after the date of the Exercise Notice* ].

Yours faithfully,

*[Signature]*

 

**SCHEDULE 2**

**FORM OF WARRANT**

**Appendix**

**COMMON STOCK PURCHASE WARRANT**

**Sports Entertainment Gaming Global Corporation**

---

| | |
|:---|:---|
| **Warrant Shares: XXX,XXX, subject to adjustment as set forth herein.** | **Issuance Date: XXX,XXX** |

---

THIS COMMON STOCK PURCHASE WARRANT (the "Warrant") certifies that, for value received, **XXX,XXX**, or its registered assigns (the "Holder") is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the Issuance Date as set forth above and on or prior to the close of business on the fifth and half annual anniversary of the Issuance Date (the "Termination Date") but not thereafter, to subscribe for and purchase from **Sports Entertainment Gaming Global Corporation**., a Delaware company with principal executive offices at 5049 Edwards Ranch Road, 4<sup>th</sup> Floor, Fort Worth, Texas 76109 (the "Company"), the number of shares of common stock, par value $0.001 per share (the "Common Stock") of the Company (as subject to adjustment hereunder, the "Warrant Shares") as set forth above. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2.

Section 1. <u>Warrant Shares</u>. This Warrant is issued and entered into pursuant to the Share Purchase Agreement, dated as of **XXX,XXX**, by and between the Company and the Holder (the "Purchase Agreement").

Section 2. <u>Exercise</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Exercise
 of the purchase rights represented by this Warrant may be made, in whole or in part, at any
 time or times on or after Issuance Date and before the Termination Date by delivery to the
 Company (or such other office or agency of the Company as it may designate by notice in writing
 to the registered Holder at the address of the Holder appearing on the books of the Company)
 of a duly executed facsimile copy of the Notice of Exercise Form attached hereto. Within
 two (2) Trading Days (as defined below) following the date of aforesaid exercise, the Holder
 shall deliver the aggregate Exercise Price (if the exercise is pursuant to Section 2(b))
 for the shares specified in the applicable Notice of Exercise by wire transfer or cashier's
 check drawn on a bank specified in the applicable Notice of Exercise. No ink-original Notice
 of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
 or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to
 the contrary (although the Holder may surrender the Warrant to, and receive a replacement
 Warrant from, the Company), the Holder shall not be required to physically surrender this
 Warrant to the Company until the Holder has purchased all of the Warrant Shares available
 hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender
 this Warrant to the Company for cancellation within three (3) Trading Days of the date the
 final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting
 in purchases of a portion of the total number of Warrant Shares available hereunder shall
 have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
 in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the
 Company shall maintain records showing the number of Warrant Shares purchased and the date
 of such purchases. The Company shall deliver any objection to any Notice of Exercise Form
 within one (1) Trading Day of delivery of such notice. **The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.** For purposes herein, the term "Trading Day"
 means any day that shares of Common Stock are listed for trading or quotation on any Trading
 Market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Exercise Price</u>. The aggregate exercise price of this Warrant was pre-funded to the Company prior
 to the Initial Exercise Date and, consequently, no additional consideration shall be required
 to be paid by the Holder to any Person to effect any exercise of this Warrant. The Holder
 shall not be entitled to the return or refund of all, or any portion, of such pre-paid aggregate
 exercise price under any circumstance or for any reason whatsoever, including in the event
 this Warrant shall not have been exercised prior to the Termination Date.

Notwithstanding anything herein to the contrary, on the Termination Date, unless the Holder notifies the Company otherwise, if there is no effective registration statement registering the Warrant Shares, or no current prospectus available for, the resale of the Warrant Shares by the Holder, then this Warrant shall be automatically exercised via cashless exercise pursuant to this Section 2(c); provided however, that if the automatic exercise contemplated under this Section shall result in a conflict with the beneficial ownership limitations of Section 2(e), the Termination Date shall be extended so long as necessary to provide for full exercise of the Warrant under this Section 2(c). If Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised, and the holding period of the Warrant Shares being issued may be tacked on to the holding period of this Warrant. Assuming (i) the Holder is not an Affiliate of the Company, and (ii) all of the applicable conditions of Rule 144 promulgated under the Securities Act with respect to Holder and the Warrant Shares are met in the case of such a cashless exercise, the Company agrees that the Company will cause the removal of the legend from such Warrant Shares (including by delivering an opinion of the Company's counsel to the Company's transfer agent at its own expense to ensure the foregoing), and the Company agrees that the Holder is under no obligation to sell the Warrant Shares issuable upon the exercise of the Warrant prior to removing the legend. The Company agrees not to take any position contrary to this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Mechanics of Exercise</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;(i) <u>Delivery of Certificates Upon Exercise</u>. Certificates for shares purchased hereunder shall be transmitted
 by the Company's then-engaged transfer agent (the "Transfer Agent") to
 the Holder by crediting the account of the Holder's broker with The Depository Trust
 Company through its Deposit or Withdrawal at Custodian system (" <u>DWAC</u> ")
 if the Company is then a participant in such system and there is an effective registration
 statement permitting the issuance of the Warrant Shares to, or resale of the Warrant Shares,
 by the Holder and otherwise by physical delivery to the address specified by the Holder in
 the Notice of Exercise by the date that is two (2) Trading Days after the delivery to the
 Company of the Notice of Exercise, (such date, the "Warrant Share Delivery Date").
 The Warrant Shares shall be deemed to have been issued, and Holder or any other person so
 designated to be named therein shall be deemed to have become a holder of record of such
 shares for all purposes, as of the date the Warrant has been exercised, with payment to the
 Company of the Exercise Price and all taxes required to be paid by the Holder, if any, prior
 to the issuance of such shares, having been paid. The Company understands that a delay in
 the delivery of the Warrant Shares after the Warrant Share Delivery Date could result in
 economic loss to the Holder. As compensation to the Holder for such loss, the Company agrees
 to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant
 Shares upon exercise of this Warrant the amount of $500.00 per Trading Day. The Company shall
 pay any payments incurred under this Section 2(d) in immediately available funds, or shares
 of Common Stock of the Company, in the Holder's discretion, upon demand. Furthermore,
 in addition to any other remedies which may be available to the Holder, in the event that
 the Company fails for any reason to effect delivery of the Warrant Shares by the Warrant
 Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
 delivery of a notice to such effect to the Company, whereupon the Company and the Holder
 shall each be restored to their respective positions immediately prior to the exercise of
 the relevant portion of this Warrant, except that the liquidated damages described above
 shall be payable through the date notice of revocation or rescission is given to the Company.

&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) <u>Delivery of New Warrants Upon Exercise</u>. If this Warrant shall have been exercised in part, the
 Company shall, at the request of Holder and upon surrender of this Warrant certificate, at
 the time of delivery of the certificate or certificates representing Warrant Shares, deliver
 to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased
 Warrant Shares called for by this Warrant, which new Warrant shall in all other respects
 be identical with this Warrant.

&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) <u>Rescission Rights</u>. If the Company fails to cause the Transfer Agent to transmit to the Holder a
 certificate or the certificates representing the Warrant Shares by the Warrant Share Delivery
 Date, then the Holder will have the right, at any time prior to issuance of such Warrant
 Shares, to rescind such exercise.

&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) <u>No Fractional Shares or Scrip</u>. No fractional shares or scrip representing fractional shares
 shall be issued upon the exercise of this Warrant. As to any fraction of a share which the
 Holder would otherwise be entitled to purchase upon such exercise, the Company shall, at
 its election, either pay a cash adjustment in respect of such final fraction in an amount
 equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

&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) <u>Charges, Taxes and Expenses</u>. Issuance of certificates for Warrant Shares shall be made without
 charge to the Holder for any issue or transfer tax or other incidental expense in respect
 of the issuance of such certificate, all of which taxes and expenses shall be paid by the
 Company, and such certificates shall be issued in the name of the Holder or in such name
 or names as may be directed by the Holder; provided, however, that in the event certificates
 for Warrant Shares are to be issued in a name other than the name of the Holder, this Warrant
 when surrendered for exercise shall be accompanied by the Assignment Form attached hereto
 duly executed by the Holder and the Company may require, as a condition thereto, the payment
 of a sum sufficient to reimburse it for any transfer tax incidental thereto. The Company
 shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

&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) <u>Closing of Books</u>. The Company will not close its shareholder books or records in any manner which
 prevents the timely exercise of this Warrant, pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Holder's Exercise Limitations; Exchange Cap</u>. The Company shall not effect any exercise of this
 Warrant, and Holder shall not have the right to exercise any portion of this Warrant, to
 the extent that after giving effect to such issuance after exercise as set forth on the applicable
 Notice of Exercise, the Holder (together with the Holder's affiliates, and any other
 Persons acting as a group together with the Holder or any of the Holder's affiliates),
 would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).
 For purposes of the foregoing sentence, the number of shares of Common Stock beneficially
 owned by the Holder and its affiliates shall include the number of shares of Common Stock
 issuable upon exercise of this Warrant with respect to which such determination is being
 made, but shall exclude the number of shares of Common Stock which would be issuable upon
 (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by
 the Holder or any of its affiliates and (ii) exercise or conversion of the unexercised or
 nonconverted portion of any other securities of the Company (including, without limitation,
 any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
 to the limitation contained herein beneficially owned by the Holder or any of its affiliates.
 Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial
 ownership shall be calculated in accordance with Section 13(d) of the Exchange Act and the
 rules and regulations promulgated thereunder, it being acknowledged by the Holder that the
 Company is not representing to the Holder that such calculation is in compliance with Section
 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required
 to be filed in accordance therewith. To the extent that the limitation contained in this
 Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation
 to other securities owned by the Holder together with any affiliates) and of which portion
 of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission
 of a Notice of Exercise shall be deemed to be the Holder's determination of whether
 this Warrant is exercisable (in relation to other securities owned by the Holder together
 with any affiliates) and of which portion of this Warrant is exercisable, in each case subject
 to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify
 or confirm the accuracy of such determination. In addition, a determination as to any group
 status as contemplated above shall be determined in accordance with Section 13(d) of the
 Exchange Act and the rules and regulations promulgated thereunder. For purposes of this Section
 2(e), in determining the number of outstanding shares of Common Stock, Holder may rely on
 the number of outstanding shares of Common Stock as reflected in (A) the Company's
 most recent periodic or annual report filed with the Commission, as the case may be, (B)
 a more recent public announcement by the Company or (C) a more recent written notice by the
 Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
 Upon the written or oral request of Holder, the Company shall within two Trading Days confirm
 orally and in writing to the Holder the number of shares of Common Stock then outstanding.
 In any case, the number of outstanding shares of Common Stock shall be determined after giving
 effect to the conversion or exercise of securities of the Company, including this Warrant,
 by the Holder or its affiliates since the date as of which such number of outstanding shares
 of Common Stock was reported. The "Beneficial Ownership Limitation" shall be
 4.99% of the number of shares of the Common Stock outstanding immediately after giving effect
 to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder
 may decrease the Beneficial Ownership Limitation at any time and the Holder, upon not less
 than sixty-one (61) days' prior notice to the Company, may increase or waive the Beneficial
 Ownership Limitation provisions of this Section 2(e), provided that any such increase or
 waiver will not be effective until the 61<sup>st</sup> day after such notice is delivered
 to the Company. The provisions of this paragraph shall be construed and implemented in a
 manner otherwise than in strict conformity with the terms of this Section 2(e) to correct
 this paragraph (or any portion hereof) which may be defective or inconsistent with the intended
 Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
 or desirable to properly give effect to such limitation. The limitations contained in this
 paragraph shall apply to a successor holder of this Warrant. In the event that the Company
 is prohibited from issuing any shares of Common Stock pursuant to this Warrant due to the
 Company's failure to obtain the Shareholder Approval (such number of shares that are
 prohibited from being issued are referred to herein as the "Exchange Cap Shares"),
 in lieu of issuing and delivering such Exchange Cap Shares to the Holder, the Company shall
 pay cash to the Holder in exchange for the cancellation of such portion of this Warrant exercisable
 into such Exchange Cap Shares (the "Exchange Cap Payment Amount") at a price
 equal to the sum of (x) the product of (A) such number of Exchange Cap Shares and (B) the
 greatest Closing Sale Price of the Common Stock on any Trading Day during the period commencing
 on the date the Holder delivers the applicable Exercise Notice with respect to such Exchange
 Cap Shares to the Company and ending on the date of the aforementioned payment under this
 Warrant and (y) to the extent the Holder purchases (in an open market transaction or otherwise)
 shares of Common Stock to deliver in satisfaction of a sale by the Holder of Exchange Cap
 Shares, any brokerage commissions and other out-of-pocket expenses, if any, of the Holder
 incurred in connection therewith. The limitations contained in this paragraph shall apply
 to a successor holder of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Voluntary Adjustment By Company.</u> Subject to the rules and regulations of the primary Trading Market,
 the Company may at any time during the term of this Warrant, with the prior written consent
 of the Required Holders, reduce the then current Exercise Price to any amount and for any
 period of time deemed appropriate by the Board of Directors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Number of Warrant Shares</u>. Simultaneously with any adjustment to the Exercise Price pursuant
 to this Warrant, the number of Warrant Shares that may be purchased upon exercise of this
 Warrant shall be increased proportionately, so that after such adjustment the aggregate Exercise
 Price payable hereunder for the adjusted number of Warrant Shares shall be the same as the
 aggregate Exercise Price in effect immediately prior to such adjustment (without regard to
 any limitations on exercise contained herein). For the avoidance of doubt, the aggregate
 Exercise Price payable prior to such adjustment is calculated as follows: the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation) multiplied by the Exercise Price
 in effect immediately prior to such adjustment. By way of example, if E is the total number
 of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment
 (without regard to the Beneficial Ownership Limitation), F is the Exercise Price in effect
 immediately prior to such adjustment, and G is the Exercise Price in effect immediately after
 such adjustment, the adjustment to the number of Warrant Shares can be expressed in the following
 formula: Total number of Warrant Shares after such adjustment = the number obtained from
 dividing [E x F] by G.

Section 3. <u>Certain Rights</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Definition</u>.
 For purposes herein, "Exempt Issuance" means the issuance of (a) shares of Common
 Stock or options to employees, officers, directors, advisors or independent contractors of
 the Company; provided, that such issuance is approved by a majority of the Board; and provided,
 further that such issuance shall not exceed in the aggregate 7.5% of the outstanding shares
 of Common Stock without the prior approval of the Holder, (b) securities upon the exercise
 of this Warrant or the exchange or conversion of any other securities issued to the Holder
 pursuant to the Purchase Agreement, and (c) securities issued pursuant to acquisitions or
 any other strategic transactions approved by a majority of the disinterested members of the
 Board; provided, that such acquisitions and other strategic transactions shall not include
 a transaction in which the Company is issuing securities primarily for the purpose of raising
 capital or to an entity whose primary business is investing in securities.

Section 4. <u>Transfer of Warrant</u>. Transferability. Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in part, upon surrender of this Warrant to the Company or its designated agent via email together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any

transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

Section 5. <u>New Warrants</u>. Subject to compliance with all applicable securities laws, this Warrant may be divided or combined with other Warrants upon presentation hereof to the Company via email, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto. <u>Warrant Register</u>. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the "Warrant Register"), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

Section 6. <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loss, Theft, Destruction or Mutilation of Warrant</u>. The Company covenants that upon receipt
 by the Company of evidence reasonably satisfactory to it of the loss, theft, destruction
 or mutilation of this Warrant or any stock certificate relating to the Warrant Shares, and
 in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to
 it (which shall not include the posting of any bond), and upon surrender and cancellation
 of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new
 Warrant or stock certificate of like tenor and dated as of such cancellation, in lieu of
 such Warrant or stock certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Saturdays, Sundays, Holidays, etc</u>. If the last or appointed day for the taking of any action or
 the expiration of any right required or granted herein shall not be a Trading Day, then,
 such action may be taken or such right may be exercised on the next succeeding Trading Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Authorized Shares</u>. The Company covenants that, during the period the Warrant is outstanding, it
 will reserve from its authorized and unissued Common Stock a sufficient number of shares
 to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
 under this Warrant, which number shall be at least 500% of the number of Warrant Shares to
 be issued upon exercise of this Warrant. The Company further covenants that its issuance
 of this Warrant shall constitute full authority to its officers who are charged with the
 duty of executing stock certificates to execute and issue the necessary certificates for
 the Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
 will take all such reasonable action as may be necessary to assure that such Warrant Shares
 may be issued as provided herein without violation of any applicable law or regulation, or
 of any requirements of the trading market upon which the Common Stock may be listed. The
 Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase
 rights represented by this Warrant will, upon exercise of the purchase rights represented
 by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized,
 validly issued, fully paid and non-assessable and free from all taxes, liens and charges

 transfer occurring contemporaneously with such issue). Except and to the extent as waived
 or consented to by the Holder, the Company shall not by any action, including, without limitation,
 amending its articles of incorporation or through any reorganization, transfer of assets,
 consolidation, merger, dissolution, issue or sale of securities or any other voluntary action,
 avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
 but will at all times in good faith assist in the carrying out of all such terms and in the
 taking of all such actions as may be necessary or appropriate to protect the rights of Holder
 as set forth in this Warrant against impairment. Without limiting the generality of the foregoing,
 the Company will (i) not
 increase the par value of any Warrant Shares above the amount payable therefor upon
 such exercise immediately prior to such increase in par value; (ii) take all such action
 as may be necessary or appropriate in order that the Company may validly and legally issue
 fully paid and nonassessable Warrant Shares upon the exercise of this Warrant; and (iii)
 use commercially reasonable efforts to obtain all such authorizations, exemptions or consents
 from any public regulatory body having jurisdiction thereof, as may be, necessary to enable
 the Company to perform its obligations under this Warrant. Before taking any action which
 would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable
 or in the Exercise Price, the Company shall obtain all such authorizations or exemptions
 thereof, or consents thereto, as may be necessary from any public regulatory body or bodies
 having jurisdiction thereof. Failure to maintain sufficient shares for exercise of the Warrant,
 shall constitute an Event of Default under the Purchase Agreement and Holder shall be able
 to rely on any applicable default remedies thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Governing Law and Jurisdiction</u>. This Warrant shall be deemed executed, delivered and performed
 State of Delaware ("Delaware"). This Warrant shall be solely and exclusively
 construed and enforced in accordance with, and all questions concerning the construction,
 validity, interpretation and performance of this Warrant shall be governed solely and exclusively
 by the internal laws of Delaware, without giving effect to any choice of law or conflict
 of law provision or rule (whether of Delaware or any other jurisdiction) that would cause
 the application of the laws of any jurisdiction other than Delaware. The Company irrevocably
 and exclusively consents to and expressly agrees that binding arbitration in Delaware conducted
 by the Arbitrator Conflict Resolution Centre shall be their sole and exclusive remedy for
 any dispute arising out of or relating to the Warrant, Irrevocable Instructions or any other
 agreement between the parties, the Company's transfer agent or the relationship of
 the parties or their affiliates, and that the arbitration shall be conducted via telephone
 or teleconference. If the Arbitrator is not available, a different arbitrator or in Delaware
 shall be chosen by the Holder and agreed upon by the Company. Company covenants and agrees
 to provide written notice to Holder via email prior to bringing any action or arbitration
 action against the Company's transfer agent or any action against any person or entity
 that is not a party to this Warrant that is related in any way to this Warrant or any of
 the Exhibits under this Warrant or any transaction contemplated herein or therein, and further
 agrees to timely notify Holder to any such action. Company acknowledges that the governing
 law and venue provisions set forth in this Warrant are material terms to induce Holder to
 enter into the Transaction Documents and that but for Company's agreements set forth
 in this section, Holder would not have entered into the Transaction Documents. In the event
 that the Holder needs to take action to protect their rights under the Warrant, the Holder
 may commence action in any jurisdiction needed with the understanding that the Warrant shall
 still be solely and exclusively construed and enforced in accordance with, and all questions
 concerning the construction, validity, interpretation and performance of this Warrant shall
 be governed solely and exclusively by the internal laws of Delaware, without giving effect
 to any choice of law or conflict of law provision or rule (whether of Delaware or any other
 jurisdiction) that would cause the application of the laws of any jurisdiction other than
 the Delaware. Each party hereby irrevocably waives personal service of process and consents
 to process being served in any suit, action or proceeding in connection with this Note or
 any other related transaction document by email. This section and provision of the Warrant
 will not apply to the Confession of Judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Restrictions</u>.
 The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant,
 if not registered, will have restrictions upon resale imposed by state and federal securities
 laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Non-waiver and Expenses</u>. No course of dealing or any delay or failure to exercise any right hereunder
 on the part of Holder shall operate as a waiver of such right or otherwise prejudice the
 Holder's rights, powers or remedies. Without limiting any other provision of this Warrant
 or the Purchase Agreement, if the Company fails to comply with any provision of this Warrant,
 which results in any material damages to the Holder, the Company shall pay to the Holder
 such amounts as shall be sufficient to cover any costs and expenses including, but not limited
 to, reasonable attorneys' fees, including those of appellate proceedings, incurred
 by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any
 of its rights, powers or remedies hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Notices</u>.
 Any notice, request or other document required or permitted to be given or delivered hereunder
 shall be delivered in accordance with the notice provisions of the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Limitation of Liability</u>. No provision hereof, in the absence of any affirmative action by the Holder
 to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights
 or privileges of the Holder, shall give rise to any liability of the Holder for the purchase
 price of any Common Stock or as a shareholder of the Company, whether such liability is asserted
 by the Company or by creditors of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Remedies</u>.
 The Holder, in addition to being entitled to exercise all rights granted by law, including
 recovery of damages, will be entitled to specific performance of its rights under this Warrant.
 The Company agrees that monetary damages would not be adequate compensation for any loss
 incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
 to waive and not to assert the defense in any action for specific performance that a remedy
 at law would be adequate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Successors and Assigns</u>. Subject to applicable securities laws, this Warrant and the rights and obligations
 evidenced hereby shall inure to the benefit of and be binding upon the successors and permitted
 assigns of the Company and the successors and permitted assigns of Holder. The provisions
 of this Warrant are intended to be for the benefit of any Holder from time to time of this
 Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Amendment</u>.
 Other than as specifically set forth herein, this Warrant may be modified or amended or the
 provisions hereof waived only with the written consent of the Company and the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Severability</u>.
 Wherever possible, each provision of this Warrant shall be interpreted in such manner as
 to be effective and valid under applicable law, but if any provision of this Warrant shall
 be prohibited by or invalid under applicable law, such provision shall be ineffective to
 the extent of such prohibition or invalidity, without invalidating the remainder of such
 provisions or the remaining provisions of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) <u>Headings</u>.
 The headings used in this Warrant are for the convenience of reference only and shall not,
 for any purpose, be deemed a part of this Warrant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <u>Execution in Counterparts, Electronic Transmission</u>. This Warrant may be executed in multiple counterparts,
 each of which shall be deemed an original and all of which taken together shall be but a
 single instrument. Counterparts may be delivered via facsimile, electronic mail (including
 pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g.,
 www.docusign.com) or other transmission method and any counterpart so delivered shall be
 deemed to have been duly and validly delivered and be valid and effective for all purposes.

*[Signatures appear on following page]*

 

 

IN WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of Issuance Date.

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| | |
|:---|:---|
| SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. | SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION. |
| By: |  |
|  | Robert J. Stubblefield, Chief Financial Officer, [Interim] Chief Executive Officer & President |
| *Agreed and accepted:* | *Agreed and accepted:* |
| **XXX,XXX** | **XXX,XXX** |
| By: |  |
|  | Printed Name: |
|  | Title: |

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NOTICE OF EXERCISE

THE UNDERSIGNED Buyer hereby exercises the right to receive <u>_______________</u>of the shares of Common Stock ("Warrant Shares") of Sports Entertainment Gaming Global, a Delaware corporation (the "Company"), evidenced by the attached copy of the Common Stock Purchase Warrant (the "Warrant"). Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Warrant. As this is a prefunded warrant, no additional consideration shall be paid upon exercise.

<u>Delivery of Warrant Shares</u>. The Company shall deliver to the Buyer_________________Warrant Shares in accordance with the terms of the Warrant.

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| | |
|:---|:---|
| Date: |  |
|  | (Print Name of Registered Buyer) |
|  | By: |
|  | Name: |
|  | Title: |

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ASSIGNMENT FORM

SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION.

FOR VALUE RECEIVED, [**_**] all of or [____] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to _____________________________________________________________________________whose address is _______________________________________________________________________________________________.

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| | |
|:---|:---|
| Dated: | ____________________, 202__ |
| Holder: | [______________________________] |
| By: |  |
| Name: |  |
| Title: |  |

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**EXECUTION PAGES**

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| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | */s/ Robert J. Stubblefield* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Sign here)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | Robert J. Stubblefield |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Name of authorised signatory)* |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | CFO, Interim CEO & President |
| **SIGNED AND DELIVERED AS A DEED by SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**, acting by a duly authorised signatory who, in accordance with the laws of the State of Delaware, USA, is duly authorised to sign on its behalf, in the presence of: |))))))) | *(Title of authorised signatory)* |

---

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| | |
|:---|:---|
| Witness signature: | */s/ Gregory Potts* |
| Witness name: | Gregory Potts |
| Witness occupation: | Chief Operating Officer |
| Witness address: | 5049 Edwards Ranch Rd, 4th Fl, Fort worth, TX 76109 |

---

**EXECUTION PAGES**

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| | | |
|:---|:---|:---|
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | */s/ Andrew Webb* |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | *(Sign here)* |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | Andrew Webb |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | *(Name of authorised signatory)* |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) |  |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | Managing Director |
| **SIGNED AND DELIVERED AS A DEED by CRIMSON SWORDBLADE LIMITED,** acting by a duly authorised signatory, in the presence of: |))))))) | *(Title of authorised signatory)* |

---

---

| | |
|:---|:---|
| Witness signature: | */s/ Tricia Webb* |
| Witness name: | Tricia Webb |
| Witness occupation: | Houewife |
| Witness address: | The cottage, Linersh Wood, Bramley,<br> surrey GUS OEE |

---

## Exhibit 99.1

**Exhibit 99.1**

**SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION**

**UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS**

On February 17, 2026, Sports Entertainment Gaming Global Corporation (the "Company" or "SEGG") completed its acquisition of a controlling interest in Veloce Esports Limited ("Veloce"), a private company incorporated in England and Wales ("Veloce"). Upon completion of the acquisition, the Company owned 67.73% of Veloce. The Company made an offer to certain remaining shareholders of Veloce. Accordingly, it may be possible for the Company to acquire additional interest in Veloce resulting in a higher percentage ownership in Veloce held by the Company after the date of this Amendment.

The following unaudited pro forma condensed combined financial statements have been prepared to provide information about the continuing impact of the acquisition by showing how the acquisition might have affected the Company's historical financial statements, illustrating the scope of the change in the Company's financial position and results of operations. These unaudited pro forma condensed combined financial statements are derived from the historical consolidated unaudited financial statements of the Company and Veloce. These financial statements have been adjusted, as described in the notes, to the unaudited pro forma condensed combined financial statements.

The unaudited pro forma condensed combined balance sheet combines the historical consolidated balance sheets of the Company and Veloce, and has been prepared assuming the acquisition closed on December 31, 2025, and includes preliminary adjustments to reflect the events that are directly attributable to the acquisition and factually supportable. In addition, the unaudited pro forma condensed combined statement of operations combines the historical consolidated statements of operations of the Company and Veloce and has also been adjusted to give effect to pro forma events that are directly attributable to the acquisition, factually supportable and expected to have a continuing impact on the combined results. The unaudited pro forma combined statement of operations has been prepared assuming the acquisition closed on January 1, 2025.

The Company has prepared the unaudited pro forma combined condensed financial statements based on available information using assumptions that it believes are reasonable. These pro forma financial statements are being provided for informational purposes only and do not claim to represent the Company's actual financial position or results of operations had the acquisition occurred on the date specified nor do they project the Company's results of operations or financial position for any future period or date. The actual results to be reported by the Company in periods following the acquisition may differ significantly from these unaudited pro forma combined condensed financial statements for a number of reasons. The pro forma financial statements do not account for the cost of any restructuring activities or synergies resulting from the acquisition or other costs relating to the integration of the two companies, or other historical acquisitions that were undertaken by the Company.

The unaudited pro forma combined condensed financial statements were prepared using the acquisition method of accounting as outlined in Financial Accounting Standards Board Accounting Standards Codification ("***ASC***") 805, *Business Combinations*, with the Company considered the acquiring entity. Based on the acquisition method of accounting, the consideration paid for Veloce is allocated to its assets and liabilities based on their fair value as of the date of the completion of the acquisition. The purchase price allocation and valuation is based on preliminary estimates, subject to final adjustments and provided for informational purposes only.

These unaudited pro forma combined condensed financial statements should be read in conjunction with the Company's historical consolidated financial statements and accompanying notes to be included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and the historical financial statements of Veloce for the year ended December 31, 2025 contained in this Form 8-K/A.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Historical SEGG** | **Historical**<br> **Veloce** | **Pro Forma Adjustments** | **Pro Forma** |
| ASSETS |  |  |  |  |
| Current assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $171524 | $115564 |  | $287288 |
| &nbsp;&nbsp;&nbsp;Accounts receivable | 677274 | 1620350 |  | 2297624 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 14322353 | 351807 |  | 14674160 |
| &nbsp;&nbsp;&nbsp;Inventory |  | 155059 |  | 155059 |
| &nbsp;&nbsp;&nbsp;Other current assets | 3806148 | 415152 | (1783562 | 2437739 |
| Total current assets | 18977299 | 2658133 | (1783562 | 19851870 |
| Notes receivable | 2000000 |  |  | 2000000 |
| Investments | 250000 | 13377 |  | 263377 |
| Goodwill | 9061675 | 11867834 | 41257101 | 62186609 |
| Intangible assets, net | 19270680 | 1248908 | 13752367 | 34271955 |
| Property and equipment, net | 1061 | 213139 |  | 214200 |
| Other long-term assets | 12844686 | - |  | 12884686 |
| &nbsp;&nbsp;&nbsp;Total assets | $62445401 | $16001391 | 53225906 | $131672698 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
| Current liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Trade payables | $8550282 | $2810877 |  | $11361159 |
| &nbsp;&nbsp;&nbsp;Deferred revenue | 142857 | 73519 |  | 216376 |
| &nbsp;&nbsp;&nbsp;Notes payable - current | 6013711 |  |  | 6013711 |
| &nbsp;&nbsp;&nbsp;Accrued interest | 1557032 |  |  | 1557032 |
| &nbsp;&nbsp;&nbsp;Accrued and other expenses | 13745949 | 616141 |  | 14362090 |
| &nbsp;&nbsp;&nbsp;Other liabilities | 2065537 | 2596424 | 12865198 | 17527159 |
| Total current liabilities | 32075368 | 6096961 | 12865198 | 51037527 |
| Long-term liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Convertible debt, net - noncurrent |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other long-term liabilities | - | 3525709 |  | 3525709 |
| Total long-term liabilities |  | 3525709 |  | 3525709 |
| Commitments and contingencies | - | - |  | - |
| Total liabilities | 32075368 | 9622670 | 12865198 | 54563236 |
| Equity |  |  |  |  |
| Common stock | 6834 | 20515515 | 2465 | 9299 |
| Additional paid-in capital | 307012816 |  | 20548274 | 348076606 |
| Accumulated other comprehensive loss | 184483 |  |  | 184483 |
| Accumulated deficit | (282301830) | (13686160) |  | (295987990) |
| Total Lottery.com Inc. stockholders' equity | 24902303 | 6829355 | 20550740 | 52282398 |
| Noncontrolling interest | 5467730 | (450635) | 19809968 | 24827063 |
| Total Equity | 30370033 | 6378721 | 40360708 | 77109461 |
| Total liabilities and stockholders' equity | $62445401 | $16001391 | 53225906 | $131672698 |

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*See notes to unaudited pro forma condensed combined financial statements.*

SPORTS ENTERTAINMENT GAMING GLOBAL CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Historical**<br> **SEGG** | **Historical**<br> **Veloce** | **Pro Forma Adjustments** | **Pro Forma** |
| Revenue | $688723 | 9651482 |  | $10340205 |
| Cost of revenue | 774823 | 5260452 |  | 6035275 |
| Gross (loss) profit | (86100) | 4391031 |  | 4304931 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Personnel costs | 2486928 | 2196525 |  | 4683453 |
| &nbsp;&nbsp;&nbsp;Professional fees | 6721896 | 684021 |  | 7405917 |
| &nbsp;&nbsp;&nbsp;General and administrative | 4298704 | 777780 |  | 5076484 |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 4516733 | 385793 |  | 4902506 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 18024261 | 4044118 |  | 22068379 |
| Loss (income) from operations | (18110361) | 346912 |  | (17763449) |
| Other expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | 243225 | 425185 |  | 668410 |
| &nbsp;&nbsp;&nbsp;Other expense (income) | 780251 | (1077341) |  | (297090) |
| &nbsp;&nbsp;&nbsp;Total other expenses, net | 1023476 | (652156) |  | 371320 |
| Net loss before income tax | (19133837) | 995877 |  | (18137160) |
| Income tax expense (benefit) | 16815 | - |  | 16815 |
| Net (loss) income | (19150652) | 995877 |  | (18154755) |
| Other comprehensive loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment, net | 272897 |  |  | 272897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive loss (income) | (18877755) | 995877 |  | (17881878) |
| Net (loss) income attributable to noncontrolling interest | (279678) | 432041 |  | 152363 |
| Net loss (income) attributable to SEGG | $(18598077) | 567027 |  | $(18031050) |

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*See notes to unaudited pro forma condensed combined financial statements.*

**NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS**

**1.** **Basis of Presentation** 

The unaudited pro forma condensed combined balance sheet as of December 31, 2025 combines the historical consolidated balance sheets of the Company and Veloce and has been prepared as if the acquisition had occurred on December 31, 2025. The unaudited pro forma combined statement of operations for the year ended December 31, 2025 combines the historical consolidated statement of operations of the Company and Veloce and has been prepared has been prepared as if the acquisition closed on January 1, 2025. The acquisition by Veloce of a majority stake in Quadrant ("Quadrant"), the creator-led motorsport and lifestyle brand co-founded by F1 driver and 2025 World Champion Lando Norris, took place on July 11, 2025. Accordingly, results of operations for historical Veloce only include results of operations for Quadrant from July 11 to December 31, 2025 and not for the full year. The historical Balance Sheet for Veloce includes all assets and liabilities of Quadrant as of December 31, 2025. The unaudited pro forma condensed combined financial statements have also been adjusted to give effect to pro forma events that are directly attributable to the acquisition, factually supportable and expected to have a continuing impact on the combined results.

The acquisition was accounted for under the acquisition method of accounting in accordance with ASC 805, *Business Combinations*. Under the acquisition method, the total estimated purchase price, or consideration transferred, is measured at the acquisition closing date. The assets of Veloce have been measured based on various preliminary estimates using assumptions that the Company's management believes are reasonable utilizing information currently available.

The process for estimating the fair values of identifiable intangible assets and certain tangible assets requires the use of significant estimates and assumptions, including estimating future cash flows and developing appropriate discount rates. The excess of the purchase price over the estimated amounts of identifiable assets of Veloce as of the effective date of the acquisition was allocated to goodwill in accordance with the accounting guidance. The purchase accounting is subject to finalization of the Company's analysis of the fair value of the assets and liabilities of Veloce as of the acquisition date. Accordingly, the purchase accounting in the unaudited pro forma combined financial statements is preliminary and will be adjusted upon completion of the final valuation. Such adjustments could be material.

For purposes of measuring the estimated fair value of the assets acquired as reflected in the unaudited pro forma combined financial statements, in accordance with the applicable accounting guidance, the Company established a framework for measuring fair values. The applicable accounting guidance defines fair value as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date (an exit price). Market participants are assumed to be buyers and sellers in the principal or most advantageous market for the asset or liability. Additionally, under the applicable accounting guidance, fair value measurements for an asset assume the highest and best use of that asset by market participants. As a result, the Company may be required to value assets of Veloce at fair value measures that do not reflect the Company's intended use of those assets. Use of different estimates and judgments could yield different results.

These pro forma financial statements are being provided for informational purposes only and do not claim to represent the Company's actual financial position or results of operations had the acquisition occurred on the date specified nor do they project the Company's results of operations or financial position for any future period or date. The actual results reported by the combined company in periods following the acquisition may differ significantly from these unaudited pro forma combined condensed financial statements for a number of reasons. The pro forma financial statements do not account for the cost of any restructuring activities or synergies resulting from the acquisition or other costs relating to the integration of the two companies, or other historical acquisitions that were undertaken by the Company.

**2.** **Purchase Price** 

The unaudited pro forma condensed combined financial information reflects the purchase price as follows (in thousands):

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| | |
|:---|:---|
|  | **December 31, 2025** |
| Unidentified intangible assets | 13752367 |
| Other net liabilities assumed | 9622670 |
| Net assets acquired | 16001391 |
| Goodwill | 41257101 |
| Total purchase price | $80633529 |

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Under the acquisition method of accounting, the Company estimated the fair values of the acquired tangible and intangible assets. The valuation of the identifiable intangible assets acquired was based on management's preliminary estimates, currently available information and reasonable and supportable assumptions. These estimates are preliminary as the Company is still in the process of evaluating the various assumptions used in valuing these assets. The tangible long-lived assets were recorded at their estimated fair values, which approximates their carrying value, while the intangible long-lived assets were valued using a discounted cash flow method. In the unaudited pro forma combined balance sheet as of December 31, 2025, the excess of the aggregate purchase price over the estimated fair value of the tangible and intangible assets and liabilities in the amount of approximately $41.26 million was classified as goodwill. The fair value of identifiable intangible assets that are subject to amortization after the acquisition was estimated to be $13.75 million.

**3.** **Pro Forma Adjustments** 

The pro forma adjustments included in the unaudited pro forma condensed combined financial statements are as follows:

For the Balance Sheet

(1) *Other current assets*: Represents deposits made by SEGG to Veloce prior to the closing of the acquisition, which have been eliminated
 against a corresponding liability that had been recorded by Veloce. See also (4) for *Other liabilities.* 

(2) *Goodwill:* Estimated adjustments to record goodwill resulting from the acquisition. Goodwill is not amortized but rather is assessed
 for impairment at least annually or more frequently whenever events or circumstances indicate that goodwill might be impaired.

(3) *Intangible Assets*: Adjustments to reflect the estimated
 preliminary fair values of Veloce's identifiable intangible assets. The Company has retained a third-party valuation firm for
 determination of specific identifiable intangible assets and fair value for them. These details will be reported in the upcoming
 form 10-Q for the three months ended March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(4) *Other liabilities:* Reflects elimination of $1.7 million as described above in (1) and the recording of a liability of $12.86 million
 for the cash portion of acquisition consideration which will be paid during the twelve months following the closing date.

&nbsp;&nbsp;&nbsp;&nbsp;(5) *Common Stock:* Reflects the issuance of SEGG common stock as part of the acquisition consideration.

&nbsp;&nbsp;&nbsp;&nbsp;(6) *Additional paid-in-capital:* Reflects the additional paid-in capital portion related to shares of SEGG common stock described in (5) above.

&nbsp;&nbsp;&nbsp;&nbsp;(7) *Noncontrolling interest*: Has been recorded for the 32.27% equity in Veloce, which has been retained by minority shareholders of Veloce.

For the Statement of Operations

There were no transactions between SEGG and Veloce during 2025. Accordingly, there are no inter-company eliminating adjustments; no other adjustments were identified that would affect the Statement of Operations.