Document:

Monaker Group, Inc. 8-K

Exhibit 10.1

 

NEITHER THIS WARRANT NOR ANY OF THE
SECURITIES ISSUABLE UPON ITS EXERCISE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED AND SUCH SECURITIES MAY
NOT BE TRANSFERRED UNLESS COVERED BY AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR AN EXEMPTION FROM REGISTRATION UNDER
THE SECURITIES ACT. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE
ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES.

	Warrant No.: [___________]	Number of Shares: [___________]

Warrant Date: [___________]

MONAKER GROUP, INC.

COMMON STOCK PURCHASE WARRANT

1.       

Issuance. For
value received, the receipt of which is hereby acknowledged by Monaker Group, Inc., a Nevada corporation (the “Company”),
[_________________], or registered assigns (the “Holder”), is hereby granted the right to purchase,
at any time after the Vesting Date, and until the close of business on July___, 2023 (the “Expiration Date”),
[___________] ([___________]), subject to adjustment upon certain events as described in greater detail below, fully paid
and nonassessable shares of the Company’s Common Stock, par value $0.00001 per share (the “Common Stock”),
at an exercise price of $2.00 per share (the “Exercise Price”). The “Vesting Date”
shall be the earlier of (a) the date that the Axion Debt (as such term is defined in the Share Exchange Agreement which this Common
Stock Purchase Warrant forms Exhibit C to, as amended from time to time, by and between Monaker Group, Inc., and certain
stockholders and creditors of Axion Ventures, Inc. (“Axion”)) is fully repaid, provided that such Axion
Debt is fully paid within twelve (12) months of the Warrant Date; and (b) the Date that Monaker obtains 51% or more of the voting
control of, and economic rights to, Axion within twelve (12) months of the Warrant Date.

2.       

Procedure for Exercise.
Upon surrender of this Warrant with the annexed Notice of Exercise Form duly executed, together with (a) payment in cash of the
aggregate Exercise Price for the shares of Common Stock purchased, or (b) pursuant to a cashless exercise as descried below in
Section 3, the Holder shall be entitled to receive a certificate or certificates for the shares of Common Stock so purchased.
This Warrant may be exercised in whole or in part after the Vesting Date. On any such partial exercise, provided the Holder has
surrendered the original Warrant, the Company will issue and deliver to the order of the Holder a new Warrant of like tenor, in
the name of the Holder, for the whole number of shares of Common Stock for which such Warrant may still be exercised.

3.       

Cashless Exercise.
If at any time the Holder proposes to exercise this Warrant or any portion hereof after the Vesting Date, and the Closing Sales
Prices (as defined below) is more than the Exercise Price, then this Warrant may be exercised by means of a “cashless
exercise” in which the Holder shall be entitled to receive a number of shares of Common Stock upon exercise hereof
equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

    	 

    	 

    

 

(A) = the average
of the Closing Sales Prices on the five (5) Trading Days immediately preceding the date on which Holder elects to exercise this
Warrant by means of a “cashless exercise,” (the “Closing Sales Prices”) as set forth in the
applicable Exercise Notice;

(B) = the Exercise
Price of this Warrant, as adjusted hereunder; and

(X) = the number
of Warrant Shares that would be issuable upon exercise of the applicable portion of this Warrant if such exercise were by means
of a cash exercise rather than a cashless exercise.

For the purposes
of this Section 3:

“Closing
Sales Price” means the last sales price of the Common Stock on the Principal Market as reported by NASDAQ.com (or
a comparable reporting service of national reputation) (collectively, “NASDAQ.com”), or if the foregoing
does not apply, the last reported sales price of such security on a national exchange or in the over-the-counter market on the
electronic bulletin board for such security as reported by NASDAQ.com, or, if no such price is reported for such security by NASDAQ.com,
the average of the bid prices of all market makers for such security as reported in the “pink sheets”
market maintained by OTC Market Group, in each case for such date or, if such date was not a Trading Day for such security, on
the next preceding date that was a Trading Day. If the Closing Sales Price cannot be calculated for such security as of either
of such dates on any of the foregoing bases, the Closing Sales Price of such security on such date shall be the fair market value
as reasonably determined in the reasonable discretion of the Board of Directors of the Company.

“Principal
Market” means initially the Nasdaq Capital Market, and shall also include the NYSE American, New York Stock Exchange,
the NASDAQ National Market, the OTCQB Market, the OTCQX Market, or the OTC Pink Market, or any successor or subsequent market or
exchange, which is at the time the principal trading exchange or market for the Common Stock, based upon share volume.

“Trading
Day” means any day on which the Common Stock is traded on the Principal Market, or, if the Principal Market is not
the principal trading market for the Common Stock, then on the principal securities exchange or securities market on which the
Common Stock is then traded; provided that “Trading Day” shall not include any day on which the Common
Stock is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from
trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance
the closing time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York Time).

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 2 of 7

    	 

    

 

4.       

No Fractional Shares
or Scrip. No fractional Shares or scrip representing fractional Warrant Shares shall be issued upon the exercise of this Warrant,
but in lieu of such fractional Warrant Shares the Company shall issue an additional share of Common Stock to the Holder or pay
the Holder the fair market value of such fractional share, as determined in the reasonable discretion of the Board of Directors
of the Company, in the Company’s sole discretion.

5.       

Reservation of Shares.
The Company hereby agrees that at all times during the term of this Warrant there shall be reserved for issuance upon exercise
of this Warrant such number of shares of Common Stock as shall be required for issuance upon exercise hereof (the “Warrant
Shares”). Any shares issuable upon exercise of this Warrant will be duly and validly issued, fully paid, non-assessable
and free of all liens and charges and not subject to any preemptive rights and rights of first refusal.

6.       

Mutilation or Loss
of Warrant. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Warrant, and (in the case of loss, theft or destruction) receipt of reasonably satisfactory indemnification, and (in the case of
mutilation) upon surrender and cancellation of this Warrant, the Company will execute and deliver a new warrant of like tenor and
date and any such lost, stolen, destroyed or mutilated Warrant shall thereupon become void.

7.       

No Rights as Shareholder.
The Holder shall not, by virtue hereof, be entitled to any rights of a shareholder of the Company, either at law or in equity,
and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except
to the extent set forth herein.

8.       

Effect of Certain Transactions

8.1       

Adjustments for
Stock Splits, Stock Dividends Etc. If the number of outstanding shares of Common Stock of the Company are increased or decreased
by a stock split, reverse stock split, stock dividend, stock combination, recapitalization or the like, the Exercise Price and
the number of shares purchasable pursuant to this Warrant shall be adjusted proportionately so that the ratio of (i) the aggregate
number of shares purchasable by exercise of this Warrant to (ii) the total number of shares outstanding immediately following such
stock split, reverse stock split, stock dividend, stock combination, recapitalization or the like shall remain unchanged, and the
aggregate purchase price of shares issuable pursuant to this Warrant shall remain unchanged.

8.2       

Fundamental Transactions.
If at any time the Company plans to sell all or substantially all of its assets or engage in a merger or consolidation of the
Company in which the Company will not survive (other than a merger or consolidation with or into a wholly- or partially-owned
subsidiary of the Company)(each a “Fundamental Transaction”), the Company will give the Holder of this
Warrant advance written notice at least thirty (30) days prior to the planned closing of the Fundamental Transaction. If this
Warrant or any part thereof is not exercised by the Holder prior to the date of the closing of the Fundamental Transaction, this
Warrant or any unexercised portion thereof, shall expire and terminate effective upon such event. 

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 3 of 7

    	 

    

 

9.       

Transfer to Comply
with the Securities Act. This Warrant and the Warrant Shares have not been registered under the Securities Act of 1933, as
amended, (the “Securities Act”) and has been issued to the Holder for investment and not with a view
to the distribution of either this Warrant or the Warrant Shares. Neither this Warrant nor any of the Warrant Shares or any other
security issued or upon exercise of this Warrant may be sold, transferred, pledged or hypothecated in the absence of an effective
registration statement under the Securities Act relating to such security or an opinion of counsel satisfactory to the Company
that registration is not required under the Securities Act. Each certificate for this Warrant, the Warrant Shares and any other
security issued or issuable upon exercise of this Warrant shall contain a legend in form and substance satisfactory to counsel
for the Company, setting forth the restrictions on transfer contained in this Section.

10.       

Notices. Any
notice or other communication required or permitted hereunder shall be in writing and shall be delivered personally or sent by
certified, registered or express mail, postage pre-paid. Any such notice shall be deemed given when so delivered personally, or
if mailed, two days after the date of deposit in the United States mails, as follows:

If to the Company, to:

	Monaker Group, Inc.	 
	Attn: 	 
	 
	 
	Email: 	 
	 	 	 

If to the Holder, to its address appearing on the Company’
records.

Any party may designate
another address or person for receipt of notices hereunder by written notice given at least five (5) business days prior to the
date such change will be effective, given to the other parties in accordance with this Section.

11.       

Supplements and
Amendments; Whole Agreement. This Warrant may be amended or supplemented only by an instrument in writing signed by the Company
and the Holder hereof. This Warrant contains the full understanding of the parties hereto with respect to the subject matter hereof,
and there are no representations, warranties, agreements or understandings other than expressly contained herein.

12.       

Governing Law.
This Warrant shall be deemed to be a contract made under the laws of the State of Florida and for all purposes shall be governed
by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such
State. Any action brought by either party against the other concerning the transactions contemplated by this Warrant shall be brought
only in the state courts of Florida or in the federal courts located in Broward County, Florida. The parties to this Warrant hereby
irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based
on lack of jurisdiction or venue or based upon forum non conveniens. Each party hereby irrevocably waives personal service
of process and consents to process being served in any suit, action or proceeding in connection with this Warrant by mailing a
copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service of process
and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner
permitted by law.

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 4 of 7

    	 

    

 

13.       

Counterparts.
This Warrant may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be
an original, and all such counterparts shall together constitute but one and the same instrument.

14.       

Descriptive Headings.
Descriptive headings of the several Sections of this Warrant are inserted for convenience only and shall not control or affect
the meaning or construction of any of the provisions hereof.

15.       

Assignability.
This Warrant or any part hereof may only be hereafter assigned by the Holder to an affiliate thereof executing documents reasonably
required by the Company, subject to applicable law. Any such assignment shall be binding on the Company and shall inure to the
benefit of any such assignee.

16.       

Restrictions.
By acceptance hereof, the Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant have restrictions
upon their resale imposed by state and federal securities laws.

 

[Remainder of the
page intentionally left blank; signature page follows.]

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 5 of 7

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Warrant as of the Warrant Date set forth above.

COMPANY:

MONAKER GROUP, INC.

	By:	 
	Name:	 
	Title:	 

 

HOLDER:

[_____________________]

	By:	 
	Name:	 
	Title:	 

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 6 of 7

    	 

    

 

NOTICE OF EXERCISE OF WARRANT

Attention: Corporate Secretary

The undersigned hereby
elects to purchase, pursuant to the provisions of the Common Stock Purchase Warrant [________] issued by Monaker Group, Inc., a
Nevada corporation (the “Company”) and held by the undersigned, _________ shares of Common Stock of the
Company. Payment of the Exercise Price per Warrant Share required under the Warrant accompanies shall be made as follows (check
applicable box):

[ ] in lawful
money of the United States; or

[ ] if permitted,
the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in Section 3,
to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in Section 3.

The undersigned hereby
represents and warrants that the undersigned is acquiring such Shares for his own account for investment purposes only, and not
for resale or with a view to distribution of such Warrant Shares or any part thereof.

Date: ________, 20__

WARRANTHOLDER:

	Signature:	 	 
	Print Name:	 	 
	Title:	 	 
	Address:	 	 
	Name in which Shares should be
    registered:
	 	 

 

 

    	Monaker Group, Inc.
Common Stock Purchase Warrant [________]
Page 7 of 7Exhibit 10.1

 

Certain identified information has
been excluded from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the registrant
if publicly disclosed. [***] indicates that information has been redacted.

 

THIS ADDENDUM (the “Addendum”)
is made and shall be in effect from the last date of signature of the Parties below

 

BETWEEN:

 

		1.	SPORTS INFORMATION SERVICES LIMITED, a company registered
                                         under the laws of Malta with company ID C 58381 whose registered office is at Level 3,
                                         Quantum House, Abate Rigord Street, Ta’Xbiex, XBX1120, (the “Supplier”);
                                         and

 

		2.	CROWN GAMING INC., a company registered under the laws
                                         of Delaware, with principal offices at 222 Berkeley Street, 5th Floor, Boston,
                                         Massachusetts 02116 USA (the “Client”),

 

together the “Parties”,
individually a “Party”.

 

BACKGROUND:

 

		A.	Whereas the Supplier is a leading developer and B2B supplier of online and retail sports and events-based
fixed-odds platforms;

  

		B.	Whereas the Client operates sports and other betting games, through electronic, interactive and
technological means (including the internet) and has the necessary licences to allow it to utilise the products and services supplied
by the Supplier pursuant to the Agreement; and

  

		C.	Whereas the Parties entered into an Agreement for the Provision of a Sports Betting Solution dated
20 June 2018 (as amended by addendums dated 25 July 2018, 12 November 2018, 22 August 2019 and 15 November 2019) in relation to
the provision of a turnkey B2B sports betting service (as previously amended, hereafter the “Agreement”).

  

		D.	The Parties now wish to further amend the terms and conditions of the Agreement as set out below.

 

OPERATIVE PROVISIONS:

 

		1.	The Parties agree that:

  

		1.1.	the definition of “Initial Period” in clause 1 shall be deleted in its entirety,
and that the existing definition of “Termination Date” in clause 1 of the Agreement shall be replaced as follows:

 

    1

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

  

“Termination Date”
means 30 September 2021, unless this Agreement is terminated earlier as permitted hereunder. The Supplier agrees to grant reasonable
extensions of the Termination Date on a Territory-by-Territory basis in the event that there is a delay in the Client’s planned
migration to the Client Proprietary Technology that is primarily caused by the decision, action or inaction of a relevant Gaming
Authority provided that: (i) the Client has used commercially reasonable endeavours to avoid the necessity for the grant by the
Supplier of any relevant extension; (ii) the Client continues to pay any relevant Fees; and (iii) [***].

 

		1.2.	a new definition of “Revocation Aggregate Cap” shall be inserted into clause
1 of the Agreement as follows:

  

“Revocation Aggregate
Cap” means, with respect to all Territories collectively, a limit of [***] Revocation Notices that may
be issued by the Client. 

 

		1.3.	a new definition of “Revocation Territory Cap” shall be inserted into clause
1 of the Agreement as follows:

  

“Revocation Territory
Cap” means, with respect to the relevant Territory: (a) in the event that such Territory is the first Territory
with respect to which the Client has issued a Revocation Notice, a limit of [***] Revocation Notices that may be issued
by the Client, (b) in the event that such Territory is the second Territory with respect to which the Client has issued a Revocation
Notice, a limit of [***] Revocation Notices that may be issued by the Client , or (c) a limit of [***] Revocation
Notice that may be issued by the Client for all other Territories not covered by clauses (a) or (b) above.

  

		1.4.	[***]

  

		1.5.	a new definition of “Transferred Territory” shall be inserted into clause 1
of the Agreement as follows:

  

“Transferred Territory”
means a Reserved Territory that is subject to the application of an Early Service Cessation Notice.

 

		1.6.	[***]

  

		1.7.	[***]

  

		1.8.	[***]

  

		1.9.	a new definition of “Reserved Territory” shall be inserted into clause 1 of
the Agreement as follows:

  

“Reserved Territory”
means Pennsylvania, New Jersey, New York, West Virginia, Iowa, Indiana, and New Hampshire.

 

and that the definitions in this
paragraph 1 shall be included in clause 1 of the Agreement in alphabetical order.

 

    2

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		2.	The Parties agree that the following language shall be deleted from clause 3.5 of the Agreement:

 

[***]

 

		3.	The Parties agree that clause 4.1 of the Agreement shall be deleted and replaced with the following:

  

		“4.1	Subject
                                         to Clause 4.4, the Client shall (and shall procure that its Affiliates shall): (a) use
                                         the Service in each Territory during the Term, except for any Territories for which an
                                         Early Service Cessation Notice is active; and (b) not use a service provided by a Third
                                         Party that is the same or similar to the Service (a “Third Party Service”)
                                         in each Territory during the Term, unless the Client experiences substantial difficulties
                                         with its planned migration to the Client Proprietary Technology.  For the avoidance
                                         of doubt, the Client shall not operate the Service and the Client Proprietary Technology
                                         (or a Third Party Service, as permitted above) concurrently in a Territory, except that
                                         the Client may operate the Service and the Client Proprietary Technology (or a Third
                                         Party Service, as permitted above) concurrently to the extent reasonably necessary for
                                         the limited purposes of administering open bets placed prior to the Early Service Cessation
                                         Notice becoming active and testing by DraftKings employees, testing labs (e.g. GLI) and
                                         regulatory bodies, [***].”

 

		4.	The Parties agree that clause 4.2 of the Agreement shall be deleted and replaced with the following:

 

		“4.2	[RESERVED]

 

		5.	The Parties agree that clause 4.3 of the Agreement shall be deleted and replaced with the following:

 

		“4.3	[RESERVED]

 

		6.	The Parties agree that clause 4.4 of the Agreement shall be deleted and replaced with the following:

  

		“4.4	[***]

 

		7.	The Parties agree that clause 11.1 of the Agreement shall be deleted and replaced with the following:

 

		“11.1	[***]

   

		8.	The Parties agree that clause 11.2 of the Agreement shall be deleted and replaced with the following:

  

		“11.2	[RESERVED]

 

    3

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		9.	The Parties agree that clause 11.3 of the Agreement shall be deleted and replaced with the following:

 

		“11.3	[RESERVED]

 

		10.	The Parties agree that clause 11.4 of the Agreement shall be deleted and replaced with the following:

 

		“11.4	[RESERVED]

 

		11.	The Parties agree that clause 11.8.2 of the Agreement shall be deleted and replaced with the following:

  

		“11.8.2	the
Parties shall cease all activities authorized by this Agreement immediately, save only for activities reasonably necessary to
administer all open bets placed prior to the Termination Date for the period of time that is reasonably necessary to administer
such bets, and the Parties agree to use reasonable endeavours to cooperate in the design and implementation of the processes and
procedures necessary to administer such bets;”

 

		12.	The Parties agree that clause 11.10 of the Agreement shall be deleted and replaced with the following:

  

		“11.10	[RESERVED]

 

		13.	[***]

 

		14.	Notwithstanding anything to the contrary set forth in the Agreement:

  

		14.1.	[***];

  

		14.2.	the Supplier shall not be required to conduct any Territory Assessment after 29 January 2021, and
any provision of Service in additional territories, and any designation of territories as New Territories, shall, from 30 January
2021, be subject to the mutual agreement of the Parties; and

  

		14.3.	from the execution date of this Addendum and (a) where the Supplier is obligated under this Agreement
to use “official” data in its provision of Service in a particular Territory, and/or (b) where the Client is obligated
under Applicable Law to use “official” data for the Client’s Gaming Platform in a particular Territory and in
the case of (a) and (b) the Supplier is not already using (or under contract to use) “official” data in its provision
of service to another operator in such Territory, [***].

 

    4

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		15.	The Parties agree that the last sentence of clause 3.5.2 of the Agreement shall be deleted and
replaced with the following:

 

“If, following the Territory
Assessment, the Supplier concludes that providing the Service in the relevant territory: (i) will require the Supplier to commit
more than [***] the number of development hours to ensure a Service that is compliant with the final regulations adopted
in the relevant territory relative to the average number of development hours that the Supplier has committed to achieve a Service
that is compliant with the final regulations adopted in all other Territories, provided this clause (i) shall not apply in the
event that the Supplier provides (or is under contract to provide) its sports betting services to another operator in the relevant
territory; or (ii) is not expected to be profitable over the period of time commencing with the date of the relevant Territory
Assessment and ending on 30 September 2021 (“Negative Profitability Assessment”), the Supplier shall notify
the Client of that conclusion and its basis therefor [***].”

 

		16.	The Supplier agrees to use reasonable endeavours to support and cooperate with the Client’s
planned migration to the Client Proprietary Technology. The Supplier further agrees to use reasonable endeavours to support and
cooperate with the Client regarding any migration proposed by one of the Supplier’s operators to the Client Proprietary Technology,
but only in the event that the Supplier has reached an agreement with such operator regarding the Supplier’s support and
cooperation with such migration that is acceptable to the Supplier in its sole and absolute discretion and the Supplier has provided
the Client with written notice to that effect.

  

		17.	The Client agrees to use reasonable endeavours to support and cooperate with the Supplier regarding
any migration proposed by one of the Client’s operators to the Supplier’s service, but only in the event that the Client
has reached an agreement with such operator regarding the Client’s support and cooperation with such migration that is acceptable
to the Client in its sole and absolute discretion and the Client has provided the Supplier with written notice to that effect.

  

		18.	[***]

 

		19.	The Parties agree to add new clauses 3.11, 3.12, 3.13 and 3.14 to the Agreement, as follows:

 

		“3.11.	The Client has implemented:

 

		3.11.1.	measures to prevent the knowing, wilful and intentional modification of any software, code or
program that:

 

		3.11.1.1.	constituted an asset of SBTech prior to the business combination (the “Business Combination”)
between an Affiliate of the Client and SBTech (a “Legacy SBTech Asset”), or 

 

		3.11.1.2.	constitutes an asset of the Client’s new business-to-business product vertical after the
Business Combination (a “New B2B Asset”);

 

in each
case above, where such modification:

 

    5

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		3.11.1.3.	substantially emulates a novel component (or a novel implementation of a non-novel component)
of an API of the Supplier (for the avoidance of doubt, and without limitation of the foregoing, if such component or implementation
existed in the SBTech code base prior to the closing of the Business Combination, then it shall not be deemed to be a novel component
or a novel implementation of a non-novel component), and is not:

 

		(a)	minor; and

 

		(b)	capable of remediation within 30 days of written notice of such modification (for the avoidance
of doubt, and without limiting the possibility of other potential remediations, in the event that a substantial emulation of a
novel component (or a novel implementation of a non-novel component) of an API of the Supplier is removed from the Legacy SBTech
Asset and/or New B2B Asset, then such modification shall be deemed to have been remediated); and

 

		3.11.2.	measures to prevent: 1) confidential data of the Supplier, and 2) pricing data of the Supplier
from, in the case of each of 1) and 2), knowingly, wilfully and intentionally being directly or indirectly used by any software,
code or program of the Client, except where such use is in accordance with the Agreement. 

 

		3.12.	The Client represents, warrants and undertakes that it shall:

 

		3.12.1.	only use APIs of the Supplier in accordance with the rights set out in the Agreement; and

 

		3.12.2.	cease use of all APIs of the Supplier on expiry of the Agreement.

 

		3.13.	The Supplier has implemented:

 

		3.13.1.	measures to prevent: 1) confidential data of the Client and its Affiliates, and 2) pricing data
of the Client and its Affiliates from, in the case of each of 1) and 2), knowingly, wilfully and intentionally being directly or
indirectly used by any software, code or program of the Supplier, except where such use is in accordance with the Agreement. 

 

    6

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		3.14.	In the event that a Party has reasonable grounds to suspect that
the other Party has breached the terms and conditions of clause 3.11, 3.12 or 3.13 of the Agreement, [***] (a
“Suspected Breach”), the Parties shall attempt in good faith to negotiate a resolution of the Suspected Breach
within five (5) calendar days of the impacted Party notifying the other Party of the Suspected Breach in writing and such efforts
shall involve the escalation of the Suspected Breach to a senior manager or director (or equivalent) of each Party. If the Suspected
Breach cannot be resolved by the Parties pursuant to this clause 3.14, the impacted Party may commence an audit as described below
in this clause 3.14. Notwithstanding anything to the contrary set forth in this Agreement, the Parties shall only be entitled to
audit compliance with the terms and conditions of clauses 3.11, 3.12 and 3.13 of the Agreement pursuant to the terms and conditions
of this clause 3.14. Following an unsuccessful escalation in accordance with this clause 3.14, the other Party shall allow a recognised
firm of auditors with experience performing similar types of audits appointed by the impacted Party and approved by the other Party
(such approval not to be unreasonably withheld) reasonable access during the Term to its and its Affiliates’ offices during
normal business hours, and on receiving at least forty-eight (48) hours’ prior written notice from the impacted Party, to
review and inspect its [***] as reasonably necessary to verify compliance with clauses
3.11, 3.12 and 3.13 of the Agreement with respect to the unresolved Suspected Breach (a “Clause 3.14 Audit”).
The impacted Party shall ensure that all assets accessed, inspected or audited in relation to any Clause 3.14 Audit shall be treated
as Confidential Information of the other Party, and the impacted Party agrees that the auditors shall perform a “blind audit”
and not disclose any such assets to the impacted Party. The impacted Party shall be responsible for all reasonable costs howsoever
arising in relation to both Parties in connection with any Clause 3.14 Audit, save where any such Clause 3.14 Audit reveals a material
breach of clauses 3.11, 3.12 or 3.13 by the other Party, in which case the other Party shall reimburse the impacted Party for the
costs of such Clause 3.14 Audit, provided the auditor submits to the other Party reasonable evidence of such material breach.”

 

MISCELLANEOUS:

 

		20.	For the avoidance of doubt, this Addendum is supplemental to the Agreement. Except as expressly amended by
this Addendum, the Agreement shall remain in full force and effect. Terms defined in the Agreement shall have the
same meaning in this Addendum, unless otherwise provided by this Addendum.

  

		21.	If any term of this Addendum is found by any court or body or authority of competent jurisdiction
to be illegal, unlawful, void or unenforceable, such term will be enforced to the maximum extent permissible under the law, and
this will not affect the remainder of this Addendum which will continue in full force and effect.

  

		22.	This Addendum shall enter into force once it is signed by both Parties and shall continue in force
until the expiration or earlier termination of the Agreement. This Addendum is a modification of the Agreement and not its replacement.
Except as explicitly amended above in this Addendum, all terms and conditions of the Agreement shall continue in effect without
any change.

  

		23.	This Addendum and any non-contractual obligations arising out of or in connection with it will
be governed by the law of England and Wales.

  

    7

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

		24.	In the event of any conflict or inconsistency between the terms and conditions of this Addendum
and the terms and conditions of the Agreement, the terms and conditions of this Addendum shall control.

 

This Addendum may be executed in separate
counterparts all of which when taken together constitute one and the same instrument.

 

    8

    Certain identified
                                         information has been excluded from this exhibit because it is both (i) not material and
                                         (ii) would likely cause competitive harm to the registrant if publicly disclosed. [***]
                                         indicates that information has been redacted.

    

 

SIGNATURE PAGE

   

 

	 	Supplier:	SPORTS INFORMATION SERVICES LIMITED	 
	 	 	 	 
	By: 	Henry Dimech	 	 
	 	 	 	 
	Title:	Director	 	 
	 	 	 	 
	Date:	23.07.2020	 	 
	 	 	 	 
	Signature:	/s/ Henry Dimech	 	 

 

 

 

	 	Client:	CROWN GAMING INC.	

	 	 	 	 
	By: 	R. Stanton Dodge	 	 
	 	 	 	 
	Title:	Chief Legal Officer	 	 
	 	 	 	 
	Date:	23.07.2020	 	 
	 	 	 	 
	Signature:	/s/ R. Stanton Dodge	 	 

  

    9

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