Document:

Exhibit 10.42

 

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

 

SECURED CONVERTIBLE PROMISSORY NOTE

 

	$[●]	Date: October 11, 2018

 

For
Value Received, Ourgame International Holdings Limited, a Cayman Islands corporation, with its primary offices located at Tower B Fairmont, No. 1 Building, 17th Floor, 33# Community, Guangshun
North Street, Chaoyang District, Beijing, 100102, China (the “Maker”), promises to pay to the order of [●]
or his, her or its assigns (“Holder”), upon the terms set forth below, the principal sum of $[●] plus
interest thereon. This Note is one of a series of Notes sold in connection with a Convertible Note Purchase Agreement entered into
by the Maker, Holder, and other purchasers of Notes, dated as of October 11, 2018 (the “Note Purchase Agreement”).

 

1.      
Payment Terms. The purchase of this Note shall be payable in two (2) separate payments. The first payment of $[one-half
of principal] (the “First Payment”) is due and payable on the date hereof. The second payment of $[one-half
of principal] (the “Second Payment”) is due and payable on or before November 1, 2018 (the “Second
Payment Date”). If the Second Payment is not received by the Second Payment Date, Holder will have a remedy period until
December 1, 2018 (the “Final Payment Date”) to make such Second Payment. If Holder has not made the Second Payment
on or before the Final Payment Date, the principal amount of this Note will be adjusted, with no further action or consent needed
from the Holder or the Maker, to reflect the amount of the First Payment. Notwithstanding anything to the contrary contained herein,
Holder may, in its sole discretion, elect to pay the entire principal amount (i.e., the First Payment and the Second Payment combined)
on the date hereof.

 

2.      
Interest. Interest on the principal amount of this Note shall accrue from the date hereof until payment in full at
an annual rate equal to 12% (the “Interest Rate”). Upon an Event of Default (as defined in Section 5(a) hereof),
the interest rate shall increase to an annual rate of 15% (the “Default Interest Rate”). Interest shall be calculated
on the basis of a 365-day year, based on the actual number of days elapsed. Notwithstanding the foregoing, if Holder does not make
the Second Payment by the Final Payment Date, then the Interest Rate will automatically adjust, with no further action or consent
needed from the Holder or the Maker, to 6%, which rate will apply retroactively back to the date of this Note. No payments of interest
shall be due until the first to occur of (i) the Maturity Date (as defined in Section 3 below), or (ii) on or immediately prior
to the closing date (the “Financing Closing Date”) of the SPAC Transaction (as defined in Section 4(a) below).
Interest will be payable only in cash or cash equivalents. Notwithstanding the foregoing, no interest shall be payable to Holder
if Holder elects to convert this Note pursuant to Section 4(a).

 

3.      
Maturity Date. Maker shall have the right to prepay this Note in full at any time prior to the one-year anniversary
of the date hereof without the imposition of any prepayment fee or penalty by providing advance written notice of such intent to
prepay at least 20 days in advance of the date of such prepayment. Prior to the date of such prepayment, Holder may convert this
Note pursuant to Section 4(a). If Maker prepays this Note (including any accrued interest) in full, the "Maturity Date"
will be the date of such prepayment; otherwise, the "Maturity Date" will be the one-year anniversary of the date hereof.
Unless converted by Holder pursuant to the terms of Section 4, the principal amount of this Note, together with interest thereon
for the full one year (notwithstanding that this Note may have been outstanding for less than one year), shall be due and payable
in full on the first to occur of the Maturity Date or the Financing Closing Date.

 

 

 

 

 

    	 	1	 

     

    

 

4.      
Conversion.

 

(a)    
Conversion to Black Ridge Common Stock. Immediately before the parties consummate the transactions (the “SPAC
Transaction”) contemplated by the Term Sheet dated September 25, 2018 (as amended or supplemented from time to time,
the “Term Sheet”) among Maker, Maker’s indirect subsidiary, Allied Esports International Holdings Limited,
an Ireland private limited company (“Allied Esports”), and Black Ridge Acquisition Corp. (“Black Ridge”),
Holder shall have a one-time option to convert or exchange (as the case may be), the entire unpaid principal amount of this Note,
into shares of capital stock of the Maker and/or all of the entities that are Affiliates (as defined below) of the Maker that will
be acquired (collectively, the “Maker Acquired Entities”) by Black Ridge or by any Affiliates of Black Ridge
in the SPAC Transaction (the “Conversion Shares”). The number of Conversion Shares of each of the Maker Acquired
Entities to be issued to Holder shall be equal to the product of (i) the principal amount of this Note being converted into Conversion
Shares, multiplied by (ii) the aggregate number of shares of outstanding capital stock immediately before the consummation
of the SPAC Transaction of each of the Maker Acquired Entities that are being acquired or will be acquired by Black Ridge in connection
with the SPAC Transaction after giving effect to the conversion and the issuance of the Conversion Shares set forth in this Section
4, divided by (iii) $100,000,000. For example, if Allied Esports and Noble Link Global Limited, a British Virgin Islands
entity (“Noble Link”), are each being acquired by Black Ridge in the SPAC Transaction, and the principal amount
of this note is $5,000,000, then Holder shall be entitled to acquire Conversion Shares in each of Allied Esports and Noble Link
equal to five percent (5%) of the issued and outstanding shares of each of Allied Esports and Noble Link, after giving effect to
the conversion rights under this Section 4. The parties shall cooperate in good faith to effect the conversion rights set forth
in this Section 4 (which may require alternative structures) and shall execute any documents reasonably requested to effect the
conversion rights in a manner that minimizes any taxes payable by Holder in connection with such conversion rights while maintaining
the economic rights in connection with such conversion rights. As used herein, an “Affiliate” of an entity is any other
entity that directly, or indirectly through on or more intermediaries, controls, or is controlled by, or is under common control
with such entity.

 

(b)    
Conversion Procedure. To convert this Note into Conversion Shares pursuant to Section 4(a), Holder shall surrender
this Note (or an affidavit of lost instrument pursuant to Section 10 below) to Maker accompanied by an executed conversion notice,
the form of which is attached hereto as Exhibit A (the “Conversion Notice”). The Conversion Notice shall state
the Conversion Shares into which the Note shall be converted, and the name or names (with address(es)) in which the certificate
or certificates of the Conversion Shares shall be issued, if the Conversion Shares are to be certificated. As soon as practicable
after the receipt of such Conversion Notice and the surrender of this Note, Maker shall (1) issue and deliver to the Holder one
or more certificates for the Conversion Shares, if the Conversion Shares are certificated, and (2) provide for any fractional shares
as provided in Section 4(c). Such conversion shall be deemed to have been effected immediately prior to the consummation of the
SPAC Transaction (the “Conversion Date”). Upon the Conversion Date, the Holder’s rights under this Note
shall cease and the person or persons in whose name or names the Conversion Shares shall be issuable upon such conversion shall
be deemed to have become the holder(s) of record of such Conversion Shares. In the event after this Note is duly converted, the
SPAC Transaction is not consummated by the one-year anniversary of the date hereof or is otherwise terminated or withdrawn, then
the Holder’s rights under this Note (including all payments under this Note) shall continue as if such conversion did not
take place. The Maker shall provide written notices to Holder upon (i) the execution and delivery of any definitive or long form
agreements for the SPAC Transaction, (ii) any amendment of such definitive or long form agreements for the SPAC Transaction, (iii)
the date that is at least thirty (30) days in advance of the anticipated consummation of the SPAC Transaction and (iv) the date
that is at least five (5) days in advance of the anticipated consummation of the SPAC Transaction.

 

(c)    
Fractional Shares. No fractional Conversion Shares shall be issuable upon conversion of this Note, but a payment
in cash or cash equivalents will be made in respect of any fraction of a Conversion Share that would otherwise be issuable upon
the conversion of this Note, payable at the same time any interest is paid to Holder as set forth in Section 2 hereof.

 

 

 

    	 	2	 

     

    

 

5.      
Security Interests. The obligations of the Maker set forth in this Note are secured by that certain Security Agreement,
dated as of the date hereof, among Maker, Allied Esports, Allied Esports International, Inc., Holder and the other parties named
therein (the “Security Agreement”), and that certain Share Pledge Security Agreement, dated as of the date hereof,
among Maker, Holder, and the other parties named therein (the “Pledge Agreement”).

 

(a)                
Events of Default. “Event of Default,” wherever used herein, means any one of the following events
(whatever the reason and whether it shall be voluntary or involuntary or effected by operation of law or pursuant to any judgment,
decree or order of any court, or any order, rule or regulation of any administrative or governmental body):

 

(i)                  
any failure by Maker to make any payment of principal or interest due under this Note within five (5) business days after
the date on which Maker shall have been provided with notice of such payment failure;

 

(ii)                
any breach by Maker of any covenant, agreement, representation or warranty contained in this Note, the Note Purchase Agreement,
the Security Agreement or the Pledge Agreement that is not cured within 30 days after the date on which Maker shall have been provided
with notice of such breach;

 

(iii)               
any failure of Maker or any of its affiliates at any time to perform any of the warranties, covenants or provisions contained
or referred to in this Note, the Note Purchase Agreement, the Security Agreement of even date herewith by and among Allied Esports
International Holdings Limited, Allied Esports International, Inc., Holder and the other parties named therein or the Share Pledge
Security Agreement, of even date herewith, by and among Maker, Holder and the other parties named therein (a “Cross Default”),
provided, however, to the extent such Cross Default is capable of being cured, such Cross Default is not cured within
30 days after written notice of such Cross Default is delivered to Maker by Holder. Notwithstanding anything to the contrary contained
herein, the remedy upon an uncured Cross Default shall be as set forth in Section 6(b) hereof.

 

(iv)              
any commencement by Maker of a case under any applicable bankruptcy or insolvency laws as now or hereafter in effect or
any other proceeding under any reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation
or similar law of any jurisdiction whether now or hereafter in effect relating to Maker; or any commencement against Maker of any
bankruptcy, insolvency or other proceeding which remains undismissed for a period of 90 days; or the adjudication of Maker as insolvent
or bankrupt; or any order of relief or other order approving any such case or proceeding is entered; or the appointment of any
custodian or the like for Maker or any substantial part of its property which continues undischarged or unstayed for a period of
90 days; or any general assignment by Maker for the benefit of its creditors; or any failure to pay or statement in writing by
Maker indicating an inability to pay Maker’s debts generally as they become due.

 

(b)                
If any Event of Default occurs, the full principal amount of this Note, together with interest thereon for one full year
(notwithstanding that this Note may have been outstanding for less than one year), shall become immediately due and payable upon
written notice of such election by Holder. For so long as such Event of Default is continuing, the interest will accrue at the
Default Interest Rate on the combined amount of the outstanding principal plus accrued interest as of the date of such Event of
Default. Holder need not provide and the Maker hereby waives any presentment, demand, protest or other notice of any kind, and
Holder may immediately and without expiration of any grace period enforce any and all of its rights and remedies hereunder and
all other remedies available to it under applicable law. Holder agrees and acknowledges that upon the occurrence of an Event of
Default, it must first use reasonable efforts to exercise all available self-help remedies available under the California UCC against
the collateral described in the Security Agreement (and, for clarity, in no event shall the Holder be required to engage in or
defend any litigation proceeding in so doing) before exercising its rights and remedies pursuant to the Security Agreement and
the Pledge Agreement. Upon the occurrence of an Event of Default, the Maker shall cause the Company and all of the Subsidiaries
(as such terms are defined in the Pledge Agreement) to operate their businesses in the ordinary course of business and to manage,
protect, preserve and continue the operation of their businesses.

 

 

 

 

    	 	3	 

     

    

 

6.      
No Waiver of Holder’s Rights. All payments of principal and interest shall be made without setoff, deduction
or counterclaim. No delay or failure on the part of Holder in exercising any of its options, powers or rights, nor any partial
or single exercise of its options, powers or rights shall constitute a waiver thereof or of any other option, power or right; and
no waiver on the part of Holder of any of its options, powers or rights shall constitute a waiver of any other option, power or
right.

 

7.      
Debt Covenant; Subordination. Maker agrees that from the date hereof until all obligations of Maker under the Note
Purchase Agreement, all Notes, the Security Agreement and the Share Pledge Agreement have been satisfied in full, Maker shall not
incur any additional indebtedness, other than trade credit incurred from vendors in the ordinary course of business in accordance
with past practices. Any and all existing obligations or indebtedness of Maker to any of its equity holders, officers, directors
and other affiliates and any and all obligations of any direct or indirect subsidiary of Maker to Maker or any such subsidiary
hereby are, and shall remain, subordinated in all respects to the obligations of Maker to the Holders under the Notes, the Note
Purchase Agreement, Security Agreement and Pledge Agreement.

 

8.      
Equal Dignity. All payments of principal and interest hereunder and distribution of any amounts collected under the
Security Agreement and/or Pledge Agreement, as well as the issuance of Conversion Shares as set forth in Section 4 (if applicable),
shall be made at the same time to each eligible Holder without preference on a pro rata basis based on the outstanding principal
and interest owing on the Note issued to such Holder as of the date of such payment or issuance.

 

9.      
Successors and Assigns. This Note shall be binding upon Maker and its permitted successors and shall inure to the
benefit of Holder and its successors and assigns. The term “Holder” as used herein, shall also include any endorsee,
assignee or other holder of this Note. Maker shall not transfer, assign or delegate its obligations hereunder without the prior
written consent of Holder.

 

10.   
Lost or Stolen Note. If this Note is lost, stolen, mutilated or otherwise destroyed, Maker shall execute and deliver
to Holder a new promissory note containing the same terms, and in the same form, as this Note. In such event, Maker may require
Holder to deliver to Maker an affidavit of lost instrument in respect thereof as a condition to the delivery of any such new promissory
note.

 

11.   
Costs and Expenses. Maker will pay upon demand all reasonable costs and expenses of Holder, including reasonable
attorneys’ fees, incurred by Holder in enforcing its rights and remedies hereunder. If Holder brings suit (or files any claim
in any bankruptcy, reorganization, insolvency or other proceeding) to enforce any of its rights hereunder and shall be entitled
to judgment (or other recovery) in such action (or other proceeding), then Holder may recover, in addition to all other amounts
payable hereunder, its reasonable expenses in connection therewith, including reasonable attorneys’ fees, and the amount
of such expenses shall be included in such judgment (or other form of award). Any costs and expenses owed Holder under this section
shall be added to the amount due under this Note, shall be receivable therewith and shall be secured by the lien of, and other
security interests created by, this Note, the Note Purchase Agreement, the Security Agreement and the Pledge Agreement.

 

12.   
Amendment and Waiver. This Note may be amended or modified, and any provision hereunder may be waived, only upon
the prior written consent of the Maker and Holder. Any amendment that the Maker agrees to with any other holder of a note issued
pursuant to the Convertible Note Purchase Agreement of even date herewith (collectively, the “Note Holders”)
must be presented and offered to each other Note Holder as soon as is practicable thereafter so that such other Note Holders may
elect, in each such Note Holder’s sole discretion, to enter into the same amendment with the Maker.

 

 

 

 

    	 	4	 

     

    

 

13.   
Governing Law; Dispute Resolution. This Note, together with the Convertible Note Purchase Agreement, Security Agreement,
and Pledge Agreement, constitute the entire agreement among the parties with respect to the subject matter hereof and thereof.
It supersedes any prior agreement or understanding among them, and it may not be modified or amended in any manner other than as
set forth herein. This Note shall be governed by and construed in accordance with the laws of the State of California without regard
to the conflicts-of-law principles thereof. The venue for any action hereunder shall be in the State of California, whether or
not such venue is or subsequently becomes inconvenient, and the parties consent to the jurisdiction of the courts of the State
of California, County of Orange, and the federal courts located in the Central District of the State of California. Accordingly,
Maker and Holder hereby submit to the process, jurisdiction and venue of any such courts. Maker and Holder each hereby waives,
and agrees not to assert, any claim that it is not personally subject to the jurisdiction of the foregoing courts in the State
of California or that any action or other proceeding brought in compliance with this Section is brought in an inconvenient forum.

 

14.   
Maximum Interest. Notwithstanding anything to the contrary herein, the total liability for payments in the nature
of interest hereunder shall not exceed the applicable limits imposed by any applicable state or federal interest rate laws. If
any payments in the nature of interest, additional interest, and other charges made hereunder are held to be in excess of the applicable
limits imposed by any applicable state or federal laws, it is agreed that any such amount held to be in excess shall be considered
payment of principal and the principal balance shall be reduced by such amount in the inverse order of maturity so that the total
liability for payments in the nature of interest, additional interest and other charges shall not exceed the applicable limits
imposed by any applicable state or federal interest rate laws in compliance with the desires of Holder and the Maker.

 

 

 

Signature Page follows

 

 

 

 

 

 

 

 

 

    	 	5	 

     

    

 

In
Witness Whereof, the undersigned has signed this Note on behalf of the “Maker” and not as a surety or guarantor
or in any other capacity.

 

	 	Ourgame International
Holdings Limited	 
	 	 	 	 	 
	 	 	 	 	 
	 	By:	 	 	 
	 	Name:	 	 
	 	Its:	 	 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

EXHIBIT A

 

OURGAME INTERNATIONAL HOLDINGS LIMITED

SECURED CONVERTIBLE PROMISSORY NOTE

 

CONVERSION NOTICE

 

 

To Whom It May Concern:

 

Reference is made to
that certain Secured Convertible Promissory Note dated ______________________________ (as amended or restated from time to time,
and including any replacements thereof, the “Note”) issued by Ourgame International Holdings Limited (the “Maker”)
in favor of _____________________________ (including its assigns, “Holder”) in the original principal amount
of $______________________. Capitalized terms used in this Notice shall have the respective meanings set forth in the Note.

 

Holder hereby exercises
the option to convert the entire principal amount of the Note into the shares of common stock of the Maker Acquired Entities as
identified below (the “Conversion Shares”), in accordance with the terms of the Note, and directs that such
Conversion Shares be issued in the name of, and if certificated, delivered, to Holder unless a different name has been indicated
below. If this conversion involves fractional Conversion Shares, please issue the related check to the same person entitled to
receive the Conversion Shares.

 

	Dated:	 	 
	 	 
	Amount of Note to be converted: 	$
	 	 
	Conversion Shares to be issued: 	 

  

If Conversion Shares are to be issued
to anyone other than Holder, please provide the Tax Identification Number of the transferee: 

 

	 	 

 

 

 

 

______________________________________

Signature of Holder

 

 

Name and address of transferee/Holder for
future notices:

 

__________________________

__________________________

__________________________

 

 

 

 

 

    	 	7Exhibit 10.43

 

CONVERTIBLE
NOTE PURCHASE AGREEMENT

 

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

 

INTRODUCTION

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

AGREEMENT

 

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

 

 

 

    	 	1	 

     

    

 

Article 1

Purchase and Sale of Securities

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

Article 2

Purchaser’s Representations and Warranties

 

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

 

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

 

 

 

    	 	2	 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

 

    	 	3	 

     

    

 

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

 

2.13         
[Reserved].

 

2.14         
[Reserved].

 

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

 

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

 

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

 

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

 

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

 

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

 

 

 

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

 

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

 

 

 

    	 	4	 

     

    

 

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

 

Article 3 

 

The Company’s
Representations and Warranties

 

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

 

a.       Organization;
Good Standing; and Entity Power.

 

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

 

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

 

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

 

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

 

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

 

Article 4

General Provisions

 

4.1            
Agents for Purchasers and Prior Investors.

 

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

 

 

 

    	 	5	 

     

    

 

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

 

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

 

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

 

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

 

 

 

    	 	6	 

     

    

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

 

    	 	7	 

     

    

 

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

 

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

 

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

 

(a)             
if to the Company, at:

 

Noble Link Global Limited

c/o Ourgame International Holdings Limited

Tower B Fairmont, No. 1 Building

17th Floor

33# Community, Guangshun North
Street

Chaoyang District

Beijing, 100102

China

 

with a copy to:

 

WPT Enterprises, Inc.

Attn: David Polgreen

17877 Von Karman Avenue

Suite 300

Irvine, CA 92614

 

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

 

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

 

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

 

*****

 

 

 

 

    	 	8	 

     

    

 

 

SIGNATURE PAGES

 

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

 

 

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

 

Total Note Amount: $_____________________

 

 

 

* * * *

 

I. Purchaser Information

 

Name:___________________________________

 

Social Security or Taxpayer Identification
Number:________________________

 

Home Address (individuals): __________________________________________________________

(Street)       (City/State/Zip
Code)

 

Jurisdiction of Organization (entities):__________________________________

 

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

 

Telephone Number: ____________________
Facsimile Number: ___________________

 

Email Address: _________________________

 

Contact Person (entities): ________________________________

 

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

 

 

    	 	9	 

     

    

 

 

 

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

 

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

 

	
        FOR INDIVIDUALS

         

	_____

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

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

         

	
        FOR CORPORATIONS, PARTNERSHIPS
        OR LIMITED LIABILITY COMPANIES

         

	_____

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

         

	_____

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

         

	_____

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

         

	
        FOR TRUSTS

         

        

	_____

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

         

	_____

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

III. Signatures.

 

 

	 	 Purchaser Name: _____________________

 

Signature: __________________________

Name:______________________________

Title: ______________________________

 

 

 

ACCEPTED:

 

oble
Link Global Limited

 

By:___________________________

Name: ________________________

Title: _________________________

Dated: _________________, 2019

 

 

    	 	10	 

     

    

Exhibit
A

 

Form of Note

 

(see attached)

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

EXHIBIT B

  

RISK FACTORS

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

 

 

 

    	 	12	 

     

    

EXHIBIT C

 

SECURED CONVERTIBLE PROMISSORY NOTES

 

 

 

 

 

 

 

 

 

 

 

 

    	 	13

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