Document:

Exhibit 4.1

 

INSPIRED ENTERTAINMENT

 

EMPLOYEE STOCK PURCHASE PLAN

 

1. Purpose. The purpose of the Inspired
Entertainment Employee Stock Purchase Plan (the “Plan”), as adopted by the Board of Directors of the Company (the “Board”)
and subsequently approved by the shareholders of Inspired Entertainment, Inc. (the “Company”), is to encourage and
facilitate the ownership of ordinary shares of the Company by eligible employees of the Company and Participating Employers. The
Board believes that employee participation in ownership will be to the mutual benefit of the employees and the Company. The Plan
is intended to constitute an “employee stock purchase plan” within the meaning of Section 423 of the Code; provided,
that certain provisions applicable to non-U.S. taxpayers only are attached hereto as Appendix A.

 

2. Definitions. Terms not otherwise
defined herein shall have the meaning set forth below:

 

“Code” means the U.S.
Internal Revenue Code of 1986, as amended, and the rulings issued and regulations promulgated thereunder.

 

“Committee” means the
committee appointed by the Board to administer the Plan or, if no such committee has been appointed by the Board, the Board. Unless
altered by an action of the Board, the Committee shall be the Compensation Committee of the Board.

 

“Compensation” means,
with respect to any paycheck, either (i) the portion thereof representing the gross remuneration paid for services rendered, or
(ii) the portion thereof representing base salary or regular wages, as determined by the Committee.

 

“Eligible Employee” means
an Employee who is employed on an Offering Date; provided, that such Employee customarily works (i) more than 20 hours per
week and (ii) at least five months during a calendar year.

 

“Employee” means each
individual who is an employee of the Company or a Participating Employer; provided, however, that the term Employee
shall not include any individual who, for purposes of Section 423(b)(3) of the Code, is deemed to own stock possessing 5% or more
of the total combined voting power or value of all classes of stock of the Company.

 

“Market Value” means
the last sales price of a Share or, if unavailable, the average of the closing bid and asked prices per Share at the end of regular
trading on such date (or, if there was no trading or quotation in the Shares on such date, on the next preceding date on which
there was trading or quotation), as provided by the United States national securities exchange or interdealer quotation system
on which the Shares are listed or quoted.

 

“Offering” means each
separate offering of Shares under the Plan that occurs during each Offering Period.

 

“Offering Date” means
the date on which each Offering Period is to commence, as determined by the Committee.

 

“Offering Period” means
a period of such duration as determined by the Committee; provided, however, that the duration of an Offering Period
shall not exceed (i) 27 months, where the Purchase Price is set by reference to the lower of the Market Price on the Offering Date
or the Purchase Date, or (ii) five years, where the Purchase Price is set solely by reference to the Market Price on the Purchase
Date. Offering Periods may run consecutively or may overlap, as determined by the Committee.

 

    	 	1	 

     

    

 

“Participant” means each
Eligible Employee who elects to participate in the Plan.

 

“Participating Employer”
means the following Company subsidiaries (and their Italian branches): Inspired Gaming (USA) Inc., Inspired Gaming Group Limited,
Inspired Gaming (Holdings) Limited, Inspired Gaming (UK) Limited, Inspired Gaming (Italy) Limited, Inspired Gaming (International)
Limited and Inspired Gaming (Gibraltar) Limited, and any entity which is a “related corporation” (within the meaning
of U.S. Treasury Regulation § 1.421-1(i)(2)) with respect to the Company, and which the Company, by action of the Board, approves
for participation in the Plan.

 

“Purchase Agreement”
means the document prescribed by the Committee pursuant to which an Eligible Employee has enrolled to be a Participant for an Offering
Period.

 

“Purchase Date” means
the last day of each Offering Period, and such interim dates, as determined by the Committee, on which Shares are purchased pursuant
to the Plan.

 

“Purchase Price” shall
mean the price at which a Share shall be purchased on each Purchase Date, the method for determining which shall be set in advance
of each Offering by the Committee; provided, however, that the Purchase Price shall not be less than 85% of the Market
Value on the (i) Offering Date, or (ii) Purchase Date, whichever is lower.

 

“Share” means a share
of the Company’s common stock, par value $0.0001 per share.

 

“Stock Purchase Account”
means a noninterest bearing bookkeeping entry established by the Company or Participating Employer, which shall record all amounts
deducted from a Participant's Compensation or otherwise contributed by the Participant for the purpose of purchasing Shares for
such Participant under the Plan, reduced by all amounts applied to the purchase of Shares for such Participant under the Plan.
Neither the Company nor any Participating Employer shall be required to segregate or set aside any amounts so deducted or contributed,
and such bookkeeping entry shall not represent an interest in any assets of the Company or a Participating Employer. All deducted
or contributed amounts shall remain part of the general assets of the Company or a Participating Employer until they are applied
to purchase Shares under the Plan, and until such time may be used for any corporate purpose.

 

3. Administration.

 

(a) The Plan shall be administered by the
Committee which shall have the authority and power to adopt, construe, and enforce rules and regulations not inconsistent with
the provisions of the Plan. In administering the Plan, the Committee shall ensure that all Eligible Employees have the same rights
and privileges, to the extent required under Section 423(b)(5) of the Code. Any action of the Committee with respect to the Plan
shall be final, conclusive and binding on all persons, including the Company, Participating Employers, Participants, and any person
claiming any rights under the Plan from or through any Participant, except to the extent the Committee may subsequently modify,
or take further action not consistent with, its prior action. The Committee may delegate to officers or employees of the Company
or any Participating Employers the authority, subject to such terms as the Committee shall determine, to perform such functions
as the Committee may determine, to the extent permitted under applicable law.

 

    	 	2	 

     

    

 

(b) Each member of the Committee shall be
entitled, in good faith, to rely or act upon any report or other information furnished to him by any officer or other employee
of the Company, any Participating Employer, the Company’s independent certified public accountants or any consultant, legal
counsel or other professional retained by the Company to assist in the administration of the Plan. No member of the Committee,
or any officer or employee of the Company acting on behalf of the Committee, shall be personally liable for any action, determination
or interpretation taken or made in good faith with respect to the Plan, and all members of the Committee and any officer or employee
of the Company acting on its behalf shall, to the extent permitted by law, be fully indemnified and protected by the Company with
respect to any such action, determination or interpretation.

 

4. Eligibility and Participation.

 

(a) During each Offering, each Eligible
Employee shall be eligible to participate in the Plan. Subject to the requirements of U.S. Treasury Regulation § 1.423-2(f),
the Committee may designate separate Offerings for some Employees, the terms of which differ from the terms of Offerings made to
other Employees, including without limitation to achieve compliance with the legal, tax and other requirements of different jurisdictions
in which Employees may be located.

 

(b) Each Eligible Employee may elect to
participate in an Offering by completing a Purchase Agreement at such time and in such form as determined by the Committee.

 

(c) Unless otherwise determined by the Committee,
the purchase of Shares under the Plan shall be funded solely through payroll deductions on an after-tax basis accumulated during
the Offering Period; provided, however, that with respect to the first Offering Period after the Effective Date,
an Eligible Employee may fund the purchase of Shares for that Offering Period by tendering to the Company by check or such other
means as the Committee shall determine, the full Purchase Price for the Shares to be purchased during such Offering Period. In
a Purchase Agreement, except to the extent not applicable with respect to the first Offering Period after the Effective Date, an
Eligible Employee shall designate the amount of Compensation to be deducted from each paycheck, subject to such minimum or maximum
limits as may be set by the Committee on a uniform basis. Such payroll deductions (or in the case of the first Offering Period
after the Effective Date of the Plan, the amount tendered by check or other means) shall be credited to the Participant’s
Stock Purchase Account, and shall accumulate without interest thereon. Increases or decreases to a Participant’s rate of
payroll deduction during an Offering Period may be permitted in the discretion of the Committee, based on uniform rules to be established
by the Committee.

 

(d) Any Participant may voluntarily withdraw
from the Plan by filing a notice of withdrawal with the Committee at such time in advance as the Committee may specify. In the
event of such a withdrawal, payroll deductions shall cease as soon as administratively feasible and amounts, if any, standing to
the credit of the Participant in his or her Stock Purchase Account shall be used to purchase Shares on the next Purchase Date in
accordance with Section 5.

 

(e) If a Participant ceases to be employed
by the Company or a Participating Employer during an Offering Period for any reason (including, without limitation, the Participant’s
death or retirement), participation in the Plan shall cease and the entire amount, if any, standing to the Participant’s
credit in his or her Stock Purchase Account shall be returned to the Participant or the Participant’s legal representative
(without interest). To the extent provided by the Committee, if a Participant remains employed by the Company or a Participating
Employer, but ceases to be an Eligible Employee, the Participant may continue to participate in the Plan through the end of the
Offering Period in which such cessation occurs, but may participate thereafter only if the Participant again becomes an Eligible
Employee.

 

5. Purchase of Shares. Subject to
Section 6, on any Purchase Date, there shall be purchased on behalf of each Participant that number of Shares which equals the
amount then credited to each Participant’s Stock Purchase Account divided by the Purchase Price (rounded down to the nearest
whole Share). Any amounts not so applied (i.e., that would result in a fractional Share) shall remain in the Participant’s
Stock Purchase Account.

 

    	 	3	 

     

    

 

6. Limitations.

 

(a) The aggregate number of Shares that
may be purchased under the Plan shall not exceed 500,000. Shares delivered to a Participant upon purchase may, at the Company's
discretion, either be newly issued directly from the Company from its authorized but unissued Shares or acquired by open market
purchase on behalf of the Participant.

 

(b) No Eligible Employee shall be allowed
to purchase a number of Shares during any calendar year with a Market Value (determined at the start of the Offering Period) which
exceeds $25,000, provided, however, that the Committee may, on a uniform and nondiscriminatory basis, limit the number
of Shares which may be purchased by all Participants or by each individual Participant with respect to any Offering Period.

 

In order to satisfy the foregoing limitations,
the Committee shall have the right to (i) decrease or suspend a Participant’s payroll deductions, (ii) not apply all or any
portion of a Participant’s Stock Purchase Account toward the purchase of Shares, and (iii) repurchase Shares previously purchased
by a Participant at the Purchase Price paid by the Participant. To the extent that the Committee exercises its rights under the
foregoing sentence, any such method shall be applied on a uniform basis.

 

7. Restrictions on Shares. Shares
purchased by a Participant shall, for all purposes, be deemed to have been issued at the close of business on the relevant Purchase
Date. Prior to that time, none of the rights or privileges of a stockholder of the Company shall inure to the Participant with
respect to such Shares. All Shares purchased under the Plan shall be delivered by the Company in a manner as determined by the
Committee and may consist, in whole or in part, of authorized and unissued shares, treasury shares or shares acquired in the market
on a Participant’s behalf. The Committee shall have the authority to determine the restrictions, if any, to which Shares
shall be subject (including lock-ups and other transfer restrictions), and may condition the delivery of the Shares upon the execution
by the Participant of any agreement providing for such restrictions and/or require that the Shares be held in a brokerage or custodial
account established with a broker or other custodian selected by the Committee in order to enforce such restrictions.

 

8. Adjustments.

 

(a) In the event that the Committee shall
determine that any recapitalization, forward or reverse split, reorganization, merger, consolidation, spin-off, combination, repurchase
or exchange of Shares or other securities, stock dividend or other special, large and non-recurring dividend or distribution (whether
in the form of cash, securities or other property), liquidation, dissolution, or other similar corporate transaction or event,
affects the Shares such that an adjustment is appropriate in order to prevent dilution or enlargement of the rights of Participants
under the Plan, then the Committee shall, in a manner consistent with such transaction as it may deem equitable, adjust any or
all of (i) the limitations on the number of Shares that may be purchased under Sections 6(a) and (b), (ii) the kind of Shares reserved
for purchase under the Plan, and (iii) the determination of the Purchase Price.

 

(b) If the Shares shall cease for any reason
to be listed on any nationally recognized stock exchange or quotation system in the United States, any Offering hereunder shall
thereupon terminate, and the balance then standing to the credit of Participants in their Stock Purchase Accounts shall be returned
to them (without interest).

 

    	 	4	 

     

    

 

9. General Provisions.

 

(a) Compliance with Laws and Obligations.
The Company shall not be obligated to issue or deliver Shares under the Plan in a transaction subject to the requirements of any
applicable securities law, any requirement under any listing agreement between the Company and any national securities exchange
or interdealer quotation system or any other law, regulation or contractual obligation of the Company until the Company is satisfied
that such laws, regulations, and other obligations of the Company have been complied with in full. Certificates representing Shares
issued under the Plan will be subject to such stop-transfer orders and other restrictions as may be applicable under such laws,
regulations and other obligations of the Company, including any requirement that a legend or legends be placed thereon.

 

(b) Nonalienation. The right to purchase
Shares under the Plan is personal to the Participant, is exercisable only by the Participant during the Participant’s lifetime
except as hereinafter set forth, and may not be assigned or otherwise transferred by the Participant. Notwithstanding the foregoing,
there shall be delivered to the executor, administrator or other personal representative of a deceased Participant such Shares
and such residual balance as may remain in the Participant’s Stock Purchase Account as of the date the Participant’s
death occurs. However, such representative shall be bound by the terms and conditions of the Plan as if such representative were
a Participant.

 

(c) Taxes. The Company or any Participating
Employer shall be entitled to require any Participant to remit, through payroll withholding or otherwise, any tax that it determines
it is so obligated to collect with respect to the purchase or subsequent sale of Shares, and the Committee shall institute such
mechanisms as shall insure the collection of such taxes. If Shares acquired with respect to an Offering are sold or otherwise disposed
of within two years after the Offering Date or within one year after the Purchase Date, the holder of the Shares immediately prior
to the disposition shall promptly notify the Company in writing of the date and terms of the disposition and shall provide such
other information regarding the disposition as the Company may reasonably require in order to secure any deduction then available
against the Company’s or any other corporation’s taxable income. The Committee may impose such procedures as it determines
may be necessary to ensure that such notification is made (e.g., by requiring that Shares be held in a brokerage or custodial account
established with a broker or other custodian selected by the Committee).

 

(d) No Right to Continued Employment
or Service. Neither the Plan nor any action taken hereunder shall be construed as giving any Employee the right to be retained
in the employ or service of the Company or any Participating Employer, nor shall it interfere in any way with the right of the
Company or any Participating Employer to terminate an Employee’s employment at any time.

 

(e) Changes to the Plan. The Board
may amend, alter, suspend, discontinue or terminate the Plan without the consent of stockholders or Participants, except that any
such action shall be subject to the approval of the Company’s stockholders at or before the next annual meeting of stockholders
for which the record date is after such Board action if (i) such stockholder approval is required by any law or regulation or the
rules of any stock exchange or quotation system on which the Shares may then be listed or quoted, (ii) such action will alter the
basic structure of the Plan and results in a material benefit to current or future Participants (other than alterations which benefit
the administration of the Plan, are required to conform to changes in legislation, or are necessary to obtain or maintain favorable
tax, accounting or regulatory treatment for Participants, the Company or any Participating Employer), or (iii) the Board, in its
discretion, otherwise determines to submit other such changes to the Plan to stockholders for approval; provided, however,
that, without the consent of an affected Participant, no such action may materially impair the rights of such Participant with
respect to any Shares previously purchased by the Participant. Notwithstanding the foregoing, the Committee may adopt amendments
to the Plan; provided, that any such amendment does not materially increase the cost of the Plan to the Company. Upon termination
of the Plan, any amounts then credited to a Participant’s Stock Purchase Account shall be returned to the Participant (without
interest).

 

    	 	5	 

     

    

 

(f) Nonexclusivity of the Plan. Neither
the adoption of the Plan by the Board nor any submission of the Plan or amendments thereto to the stockholders of the Company for
approval shall be construed as creating any limitations on the power of the Board to adopt such other compensatory arrangements
as it may deem desirable, including, without limitation, the granting of stock options or purchase rights otherwise than under
the Plan, and such arrangements may be either applicable generally or only in specific cases.

 

(g) Governing Law. The validity,
construction and effect of the Plan, any rules and regulations relating to the Plan shall be determined in accordance with the
laws of the State of Delaware, without giving effect to principles of conflicts of laws, and applicable federal law.

 

    	 	6	 

     

    

 

Appendix A

 

PROVISIONS APPLICABLE TO EMPLOYEES

OF NON-U.S. PARTICIPATING EMPLOYERS

 

The following definition of Purchase Price shall be applicable:

 

“Purchase Price” shall mean the price at
which a Share shall be purchased on each Purchase Date, the method for determining which shall be set in advance of each Offering
by the Committee; provided, however, that the Purchase Price shall not be less than 80% of the Market Value on the
(i) Offering Date, or (ii) Purchase Date, whichever is lower.

 

    	 	7Camber Energy, Inc. 10-K

 

Exhibit 10.52

 

 

TERMINATION
AGREEMENT

This
TERMINATION AGREEMENT (this “Agreement”), dated May 23, 2017, to be effective as of May 16, 2017, is by and
between Camber Energy, Inc., a Nevada corporation (“Camber”), and Richard N. Azar, II (“Azar”).

WHEREAS,
Camber and Azar are parties to a Consulting Agreement dated August 29, 2016 (as amended, the “Consulting Agreement”)
in connection with Azar serving as Chairman of the Board of Directors of Camber;

WHEREAS,
effective May 16, 2017, Azar no longer serves as Chairman of the Board; and

WHEREAS,
Camber and Azar desire to terminate the Consulting Agreement on the terms set forth herein.

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

1.

Termination of the Consulting Agreement. As of the effective date, each party hereto agrees that the Consulting Agreement
is terminated in its entirety and further agrees that neither party is entitled to any compensation, damages or other remedy or
obligation arising out of or in connection with the Consulting Agreement. 

2.

Miscellaneous.

(a)

Successors and Assigns. This Agreement and all covenants and agreements contained herein and rights, interests or obligations
hereunder, by or on behalf of any party hereto, shall bind and inure to the benefit of the respective successors and permitted
assigns of the parties hereto whether so expressed or not, except that neither this Agreement nor any of the covenants and agreements
herein or rights, interests or obligations hereunder may be assigned or delegated by any party without the prior written consent
of the other parties hereto.

(b)

Governing Law. This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Texas,
without giving effect to any choice of law or conflict provision or rule that would cause the laws of any jurisdiction other than
the State of Texas to be applied. In furtherance of the foregoing, the internal law of the State of Texas shall control the interpretation
and construction of this Agreement, even if under such jurisdiction’s choice of law or conflict of law analysis, the substantive
law of some other jurisdiction would ordinarily apply.

(c)

Counterparts. The parties hereto may execute this Agreement in two or more counterparts, each of which shall be an original
and all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page
to this Agreement by facsimile shall be effective as delivery of a manually executed counterpart to this Agreement.

(d)

Headings. The headings used in this Agreement are for the purpose of reference only and shall not affect the meaning or
interpretation of any provision of this Agreement.

(e)

Severability. In case any one or more of the provisions contained herein for any reason shall be held to be invalid, illegal,
or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not effect any other provision of this
Agreement, but this Agreement shall be construed as if such invalid, illegal, or unenforceable provision or provisions had never
been contained herein.

(f)

Waiver
of Jury Trial. Each party hereto waives any right it may have to trial by jury in respect of any litigation based on, arising
out of, under or in connection with this Agreement or any course of conduct, course of dealing, verbal or written statement or
action of any party hereto.

 

[Signature
Page Follows]

 

 

    	 	 	 

    	 

    

 

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

 

	 	CAMBER
ENERGY, INC.
	 	 
	 	 
	 	By:	/s/ Anthony C. Schnur	 
	 	Name:	Anthony C. Schnur
	 	Title:	CEO
	 	 
	 	 
	 	/s/ Richard N. Azar, II	 
	 	Richard N. Azar, II

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00272-of-00352.parquet"}]]