Document:

Exhibit 10.4

 

DATED: March 23, 2017

 

	INSPIRED GAMING (UK) LIMITED	(1)
	 

        and

         
	 
	STEWART BAKER	(2)

 

	EMPLOYMENT
    CONTRACT

 

     

     

    

 

PARTIES

  

		(1)	Inspired Gaming (UK) Limited incorporated
                                         and registered in England and Wales with company number 03565640 whose registered office
                                         is at 3 The Maltings, Wetmore Road, Burton On Trent, Staffordshire, DE14 1SE (Company).

 

		(2)	The Employee as per Schedule 1 (“You”).

 

AGREED TERMS

 

1.           INTERPRETATION

 

		1.1	The definitions and rules of interpretation
                                         in this clause 1 apply in this agreement.

 

Capacity: as agent, consultant,
director, employee, owner, partner, shareholder or in any other capacity.

 

Commencement
Date: See Schedule 1.

 

Confidential Information:
information (whether or not recorded in documentary form, or stored on any magnetic or optical disk or memory) relating to
the business, products, affairs and finances of the Company or any Group Company for the time being confidential to the Company
or any Group Company and trade secrets including, without limitation, technical data and know-how relating to the business of
the Company or of any Group Company or any of their suppliers, clients, customers, agents, distributors, shareholders or management
such as price lists, rental lists, terms of business, customer details and locations that you create, develop, receive or obtain
in connection with the Employment, whether or not such information (if in anything other than oral form) is marked confidential.

 

Copies: copies or records
of any Confidential Information in whatever form (including, without limitation, in written, oral, visual or electronic form or
on any magnetic or optical disk or memory and wherever located) including, without limitation, extracts, analysis, studies, plans,
compilations or any other way of representing or recording and recalling information which contains, reflects or is derived or
generated from Confidential Information.

 

    	 	2	 

     

    

 

Employment: your employment
by the Company on the terms of this agreement.

 

Employment IPRs: Intellectual
Property Rights created by you in the course of your employment with the Company (whether or not during working hours or using
the premises or resources of the Company) including but not limited to any rights related to gambling and lottery services, server-based
gaming, virtual sports betting, electronic table gaming, licensing of gaming software, sale, rental and lease of gaming machines
and equipment, provision of betting and lottery content, video lottery terminals, ticket dispensing apparatus and distribution
of betting and lottery content online or via mobile, remote and field support related to the provision of the aforementioned and
anything ancillary which is materially similar to such goods and services.

 

Employment Inventions:
any Invention which is made wholly or partially by you at any time during the course of your employment with the Company (whether
or not during working hours or using premises or resources or the Company, and whether or not recorded in material form).

 

Garden Leave: any period
during which the Company has exercised its rights under clause 16.

 

Group Company: the Company,
any company of which it is a Subsidiary (its holding company) and any Subsidiaries of the Company or of any such holding company.

 

Incapacity: any sickness,
injury or other medical disorder or condition which prevents you from carrying out your duties.

 

Intellectual Property Rights:
patents, rights to inventions, copyright and related rights, trade marks, trade names and domain names, rights in get-up,
rights in goodwill or to sue for passing off, unfair competition rights, rights in designs, rights in computer software, database
rights, topography rights, rights in confidential information (including know-how and trade secrets) and any other intellectual
property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for, and
renewals or extensions of, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist
now or in the future in any part of the world.

 

    	 	3	 

     

    

 

Invention: any invention,
idea, discovery, development, improvement or innovation, whether or not patentable or capable of registration, and whether or
not recorded in any medium.

 

Pre-Contractual Statement:
any undertaking, promise, assurance, statement, representation, warranty or understanding (whether in writing or not) of any
person (whether party to this agreement or not) relating to your employment under this agreement other than as expressly set out
in this agreement or any documents referred to in it.

 

Restricted Business:
the business of gambling and lottery services, server-based gaming, virtual sports betting, electronic table gaming, licensing
of gaming software, sale, rental and lease of gaming machines and equipment, provision of betting and lottery content, video lottery
terminals, ticket dispensing apparatus and distribution of betting and lottery content online or via mobile, remote and field
support and development related to the provision of the aforementioned and anything ancillary which is materially similar to such
goods and services and any other business of the Company from time to time or those parts of the business of the Company and any
Group Company with which you were involved to a material extent in the six months before Termination.

 

Restricted Customer:
any firm, company or person who, during the six month(s) before Termination, was a customer or prospective customer of or was
in the habit of dealing with the Company or any Group Company with whom you had contact or management responsibility for or about
whom you became aware or informed in the course of your Employment or regarding whom you had access to confidential information.

 

Restricted Person: anyone
employed or engaged by the Company or any Group Company at a management level or in a sales, business development, finance, IT
operations or development role who could materially damage the interests of the Company or any Group Company if they left their
employment or were involved in any Capacity in any business concern which competes with any Restricted Business and with whom
you dealt or had personal contact within the six month(s) before Termination in the course of your employment but excluding anyone
employed solely in an administrative, clerical or unskilled manual role.

 

    	 	4	 

     

    

 

Staff Handbook: the staff
handbook of the Company as amended from time to time.

 

Subsidiary and Holding Company:
mean a "subsidiary" and "holding company" as defined in section 1159 of the Companies Act 2006 and a company
shall be treated, for the purposes only of the membership requirement contained in subsections 1159(1)(b) and (c) as a member
of another company even if its shares in that other company are registered in the name of (a) another person (or its nominee),
whether by way of security or in connection with the taking of security, or (b) a nominee.

 

Termination: the termination
(including the termination date) of your Employment with the Company however caused.

 

		1.2	The headings in this agreement are inserted
                                         for convenience only and shall not affect its construction.

 

		1.3	A reference to a particular law is a
                                         reference to it as it is in force for the time being taking account of any amendment,
                                         extension, or re-enactment and includes any subordinate legislation for the time being
                                         in force made under it.

 

		1.4	Unless the context otherwise requires,
                                         a reference to one gender shall include a reference to the other genders.

 

		1.5	Unless the context otherwise requires,
                                         words in the singular include the plural and in the plural include the singular.

 

		1.6	The schedules to this agreement form
                                         part of (and are incorporated into) this agreement.

 

    	 	5	 

     

    

 

		2.	TERM OF APPOINTMENT

 

		2.1	Your Employment commenced on the Commencement
                                         Date and shall continue, subject to the remaining terms of this agreement, until terminated
                                         by either party giving the other not less than the notice period specified in Schedule
                                         1. Your date of commencement of continuous Employment, if different is as stated in Schedule
                                         1.

 

		2.2	Probationary Period. There is no probationary
                                         period in this employment

 

		3.	EMPLOYEE WARRANTIES

 

		3.1	You represent and warrant to the Company
                                         that, by entering into this agreement or performing any of your obligations under it,
                                         you will not be in breach of any court order or any express or implied terms of any contract
                                         or other obligation binding on you and you undertake to indemnify the Company against
                                         any claims, costs, damages, liabilities or expenses which the Company may incur as a
                                         result if you are in breach of any such obligations.

 

		3.2	You also warrant and represent that
                                         you are entitled to work in the United Kingdom without any additional approvals and will
                                         notify the Company immediately if you cease to be so entitled during the Employment.

 

		4.	DUTIES

 

		4.1	You shall serve the Company in the
                                         role detailed in Schedule 1 or such other role and with such duties as the Company considers
                                         appropriate from time to time.

 

		4.2	During your Employment you shall:

 

		(a)	unless prevented by Incapacity,
                                         devote the whole of your time, attention and abilities to the business of the Company
                                         (and any Group Company) as required;

 

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		(b)	faithfully and diligently exercise
                                         such powers and perform such duties as may from time to time be assigned to you;

		(c)	comply with all reasonable and
                                         lawful directions given to you;

		(e)	report your own wrongdoing and
                                         any wrongdoing or proposed wrongdoing of any other employee or director of any Group
                                         Company to the HR director or General Counsel immediately on becoming aware of it;

		(f)	use your best endeavours to promote,
                                         protect, develop and extend the business of the Company; and

		(g)	consent to the Company monitoring
                                         and recording any electronic communications or other systems the Company has for the
                                         purpose of ensuring that any rules the Company has are being complied with or for any
                                         other legitimate business purpose.

 

		4.3	You shall comply with any and all
                                         anti-corruption, conflict of interest, hospitality and gifts and bribery policy(ies)
                                         and related procedures of the Company at all times.

 

		4.4	You shall comply with any rules, policies
                                         and procedures set out in the Staff Handbook a copy of which is available from HR and
                                         has been given to you (and is also available on the Company intranet). The Staff Handbook
                                         does not form part of this agreement and the Company may amend it at any time. To the
                                         extent that there is any conflict between the terms of this agreement and the Staff Handbook,
                                         this agreement shall prevail.

 

		4.5	All documents, manuals, hardware and
                                         software provided for your use by the Company, and any data or documents (including copies)
                                         produced, maintained or stored on the computer systems of the Company or other electronic
                                         equipment (including mobile phones), remain the property of the Company.

 

		4.6	As a global business, the Group is
                                         obliged to comply with the gaming laws in all territories and jurisdictions in which
                                         the Group operates (and is regulated by) from time to time. You have a duty to comply
                                         with all relevant gaming laws and to keep your manager informed if you are aware of any
                                         other employee having breached any of these laws and/or regulations.

 

    	 	7	 

     

    

 

		5.	PLACE OF WORK

 

		5.1	Your normal place of work is as detailed
                                         in Schedule 1 or such other place on a temporary or permanent basis as the Company may
                                         reasonably require.

 

		5.2	You agree to travel on any business
                                         of the Company (both within the United Kingdom or abroad) as may be required for the
                                         proper performance of your duties.

 

		5.3	Unless expressly stated otherwise
                                         in Schedule 1 during the Employment you shall not be required to work outside the United
                                         Kingdom for any continuous period of more than one month.

 

		6.	HOURS OF WORK

 

		6.1	Your normal working hours shall be
                                         as detailed in Schedule 1 together with such additional hours as are necessary for the
                                         proper performance of your duties including varied shifts, nights and weekend work where
                                         required. You acknowledge that you shall not receive further remuneration in respect
                                         of additional hours unless expressly agreed in writing in advance.

 

		7.	SALARY

 

		7.1	You shall be paid an initial salary as detailed in Schedule
1.

 

		7.2	Your salary shall accrue from day to
                                         day and be payable monthly in arrears on or about the 1st working day of the following
                                         month directly into your bank or building society. Where the 1st is a weekend
                                         or bank holiday you will be paid on the Friday before the weekend/bank holiday.

 

		7.3	Your salary may be reviewed annually,
                                         the first such review to take place not less than one year after Commencement at the
                                         time of any Company-wide review (usually early in the calendar year). The Company is
                                         under no obligation to award an increase following a Salary review. There will be no
                                         review of the Salary after notice has been given by either party to terminate the Employment.

 

		7.4	The Company may deduct from the salary
                                         any money owed to any Group Company by the Employee.

 

    	 	8	 

     

    

 

		8.	EXPENSES

 

		8.1	The Company shall reimburse (or procure
                                         the reimbursement of) all reasonable expenses wholly, properly and necessarily incurred
                                         in the course of your Employment, subject to production of VAT receipts or other appropriate
                                         evidence of payment and the policies of the Company on expenses as communicated to you
                                         from time to time and/or as set out in the Staff Handbook.

 

		8.2	Any credit card supplied by the Company
                                         shall be used only for expenses incurred by you in the course of the Employment.

 

		9.	HOLIDAYS

 

		9.1	You shall be entitled to the number
                                         of days' paid holiday in each holiday year set out in Schedule 1. The holiday year of
                                         the Company runs between 1st January and 31st December. If the
                                         Employment commences or terminates part way through a holiday year, your entitlement
                                         during that holiday year shall be calculated on a pro-rata basis.

 

		9.2	Holiday shall be taken at such time
                                         or times as shall be approved in advance by your manager. You shall not without the consent
                                         of your manager carry forward any accrued but untaken holiday entitlement to a subsequent
                                         holiday year.

 

		9.3	You shall have no entitlement to payment
                                         in lieu of accrued but untaken holiday except on termination. The amount of such payment
                                         in lieu shall be 1/260th of your (full-time equivalent) salary for each untaken day of
                                         the entitlement for the holiday year in which Termination takes place. No days may be
                                         carried forward from the preceding holiday year for this purpose.

 

		9.4	If on Termination you have taken in
                                         excess of your accrued holiday entitlement, the Company shall be entitled to recover
                                         from you by way of deduction from any payments due to you, or otherwise, one day's pay
                                         calculated at 1/260th of the (full-time equivalent) salary for each excess day.

 

		9.5	If either party has served notice to
                                         terminate the Company may require you to take any accrued but unused holiday entitlement
                                         during the notice period. Any accrued but unused holiday entitlement shall be deemed
                                         to be taken during any period of Garden Leave.

 

    	 	9	 

     

    

 

		10.	INCAPACITY

 

		10.1	Subject to your compliance with the
                                         sickness absence procedures of the Company (as amended from time to time), if you continue
                                         to receive payment and benefits (other than statutory sick pay) during any period of
                                         absence due to Incapacity this is entirely at the discretion of the Company. Any indicative
                                         potential entitlements are included in Schedule 1 and any payments shall be inclusive
                                         of any statutory sick pay due in accordance with applicable legislation in force at the
                                         time of absence.

 

		10.2	If your pay during any period of Incapacity
                                         is reduced or you are paid SSP only, the level of contributions in respect of your membership
                                         of the Inspired Gaming Group Pension Scheme may continue, subject to the relevant pension
                                         scheme rules in force at the time of absence.

 

		10.3	You agree to consent to medical examinations
                                         (at the expense of the Company) by a doctor nominated by the Company should the Company
                                         so require. You agree that any report produced in connection with any such examination
                                         may be disclosed to the Company and the Company may discuss the contents of the report
                                         with the relevant doctor.

 

		10.4	If the Incapacity is or appears to
                                         be occasioned by actionable negligence, nuisance or breach of any statutory duty on the
                                         part of a third party in respect of which damages are or may be recoverable, you shall
                                         immediately notify HR of that fact and of any claim, compromise, settlement or judgment
                                         made or awarded in connection with it and all relevant particulars that the Company may
                                         reasonably require. You shall, if required, refund to the Company that part of any damages
                                         or compensation recovered relating to the loss of earnings for the period of the Incapacity
                                         as the Company may reasonably determine less any costs borne in connection with the recovery
                                         of such damages or compensation, provided that the amount to be refunded shall not exceed
                                         the total amount paid to you by the Company in respect of the period of Incapacity.

 

    	 	10	 

     

    

 

		10.5	The rights of the Company to terminate
                                         your Employment under the terms of this agreement apply even when such termination would
                                         or might cause you to forfeit any entitlement to sick pay, insurance or other benefits.

 

		11.	OUTSIDE INTERESTS

 

		11.1	Subject to clause 11.2, during your
                                         employment you shall not, except as a representative of the Company or with prior written
                                         approval, whether paid or unpaid, be directly or indirectly engaged, concerned or have
                                         any financial interest in any Capacity in any other business, trade, profession or occupation
                                         (or the setting up of any business, trade, profession or occupation).

 

		11.2	Notwithstanding clause 11.1, you may
                                         hold an investment by way of shares or other securities of not more than 5% of the total
                                         issued share capital of any company (whether or not it is listed or dealt in on a recognised
                                         stock exchange) where such company does not carry on a business similar to or competitive
                                         with any business for the time being carried on by any Group Company.

 

		11.3	You agree to disclose to the Company
                                         any matters relating to your spouse or civil partner (or anyone living as such), children
                                         or parents which may, in the reasonable opinion of the Company, be considered to interfere,
                                         conflict or compete with the proper performance of your obligations under this agreement.

 

		12.	CONFIDENTIAL INFORMATION

 

		12.1	Without prejudice to your common law
                                         duties, you shall not (except in the proper course of your duties, as authorised or required
                                         by law or as authorised by senior management, either during your Employment or at any
                                         time after Termination (howsoever arising)):

 

		(a)	use any Confidential Information;
                                         or

		(b)	make or use any Copies; or

		(c)	disclose any Confidential Information
                                         to any person, company or other organisation whatsoever.

 

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		12.2	The restriction in clause 12.1 does
                                         not apply to any Confidential Information which is or becomes in the public domain other
                                         than through unauthorised disclosure by you.

 

		12.3	You shall be responsible for protecting
                                         the confidentiality of the Confidential Information and shall:

 

		(a)	use your best endeavours to prevent
                                         the use or communication of any Confidential Information by any person, company or organisation
                                         (except in the proper course of his duties, as required by law or as authorised by the
                                         Company; and

		(b)	inform the Company immediately
                                         upon becoming aware, or suspecting, that any such person, company or organisation knows
                                         or has used any Confidential Information.

 

		12.4	All Confidential Information and Copies
                                         shall be the property of the Company and shall be handed over to HR or other nominated
                                         person by you on Termination, or at the request of the Company, at any time during your
                                         Employment.

 

		13.	INTELLECTUAL PROPERTY 

 

		13.1	You shall give the Company full written
                                         details of all Inventions and of all works embodying Intellectual Property Rights made
                                         wholly or partially by you at any time during the course of your Employment which relate
                                         to, or are capable of being used in, the business of any Group Company. You acknowledge
                                         that all Intellectual Property Rights subsisting (or which may in the future subsist)
                                         in all such Inventions and works shall automatically, on creation, vest in the Company
                                         absolutely. To the extent that they do not vest automatically, you hold them on trust
                                         for the Company. You agree promptly to execute all documents and do all acts as may,
                                         in the opinion of the Company, be necessary to give effect to this clause 13.1.

 

		13.2	You hereby irrevocably waive all moral
                                         rights under the Copyright, Designs and Patents Act 1988 (and all similar rights in other
                                         jurisdictions) which you have or will have in any existing or future works referred to
                                         in clause 13.1.

 

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		13.3	You hereby irrevocably appoint the
                                         Company to be your attorney to execute and do any such instrument or thing and generally
                                         to use your name for the purpose of giving the Company or its nominee the benefit of
                                         this clause 13. You acknowledge in favour of a third party that a certificate in writing
                                         signed by the Company that any instrument or act falls within the authority conferred
                                         by this clause 13 shall be conclusive evidence that such is the case.

 

		13.4	Any additional Intellectual Property
                                         provisions are contained in Schedule 3.

 

		14.	PAYMENT IN LIEU OF NOTICE

 

		14.1	Notwithstanding clause 2, the
                                         Company may, in its sole and absolute discretion, terminate the Employment at any time
                                         and with immediate effect by paying a sum in lieu of notice (Payment in lieu)
                                         equal to the basic salary (as at Termination) which you would have been entitled to receive
                                         under this agreement during the notice period referred to in Schedule 1 (or, if notice
                                         has already been given, during the remainder of the notice period) less income tax and
                                         National Insurance contributions. For the avoidance of doubt, the Payment in lieu shall
                                         not include any element in relation to:

 

		(a)	any bonus or commission payments
                                         that might otherwise have been due during the period for which the Payment in lieu is
                                         made;

		(b)	any payment in respect of benefits
                                         which you would have been entitled to receive during the period for which the Payment
                                         in lieu is made; and

		(c)	any payment in respect of any holiday
                                         entitlement that would have accrued during the period for which the Payment in lieu is
                                         made.

 

		14.2	You shall have no right to receive
                                         a Payment in lieu unless the Company has exercised its discretion in clause 14.1. Nothing
                                         in this clause 14 shall prevent the Company from terminating your Employment in breach.

 

		15.	TERMINATION WITHOUT NOTICE

 

		15.1	The Company may also terminate your
                                         Employment with immediate effect without notice and with no liability to make any further
                                         payment to you (other than in respect of amounts accrued due at the date of Termination)
                                         if you:

 

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		(a)	are guilty of any gross misconduct
                                         whether directly affecting the business of any Group Company or otherwise; or

		(b)	commit any serious or repeated
                                         breach or non-observance of any of the provisions of this agreement or refuses or neglects
                                         to comply with any reasonable and lawful directions; or

		(c)	are, in the reasonable opinion
                                         of the Company, grossly negligent and/or incompetent in the performance of your duties;
                                         or

		(d)	are declared bankrupt or make any
                                         arrangement with or for the benefit of his creditors or has a county court administration
                                         order made against him under the County Court Act 1984; or

		(e)	are convicted of any criminal offence
                                         (including, potentially, any traffic offence; or

		(f)	cease to hold any professional
                                         qualification required as per Schedule 1; or

		(g)	become of unsound mind (which includes
                                         lacking capacity under the Mental Capacity Act 2005), or a patient under any statute
                                         relating to mental health; or

		(h)	cease to be eligible to work in
                                         the United Kingdom; or

		(i)	are guilty of any fraud or dishonesty
                                         or act or fail to act in any other manner which in the opinion of the Company brings
                                         or is likely to or could bring any Group Company into disrepute or is materially adverse
                                         to the interests of any Group Company; or

		(j)	breach the Gambling Act or any
                                         other gaming legislation whether in the UK or in other territories in which the Group
                                         operates and/or any associated licence conditions or codes of practice; or

		(k)	are guilty of a serious breach
                                         of any rules issued by the Company from time to time (including regarding its electronic
                                         communications systems).

 

		15.2	The rights of the Company under clause
                                         15.1 are without prejudice to any other rights that it might have at law to terminate
                                         the Employment or to accept any breach of this agreement by you as having brought the
                                         agreement to an end. Any delay by the Company in exercising it rights to terminate shall
                                         not constitute a waiver thereof.

 

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		16.	GARDEN LEAVE

 

		16.1	Following service of notice to terminate
                                         being given by either party, or if you purport to Terminate the Employment in breach
                                         of contract, the Company may by written notice place you on Garden Leave for the whole
                                         or part of the remainder of your Employment.

 

		16.2	During any period of Garden Leave:

 

		(a)	The Company shall be under no obligation
                                         to provide any work to you and may revoke any powers you hold on behalf of the Company
                                         or any Group Company;

		(b)	The Company may require you to
                                         carry out alternative duties or to only perform such specific duties as are expressly
                                         assigned to you, at such location (including your home) as the Company may decide;

		(c)	You shall continue to receive your
                                         basic salary and all contractual benefits in the usual way and subject to the terms of
                                         any benefit arrangement;

		(d)	You shall remain an employee of
                                         the Company and bound by the terms of this agreement;

		(e)	You shall ensure that your manager
                                         and HR know where you will be and how you can be contacted during each working day (except
                                         during any periods taken as holiday in the usual way);

		(f)	The Company may exclude you from
                                         any premises of any Group Company; and

		(g)	The Company may require you not
                                         to contact or deal with (or attempt to contact or deal with) any officer, employee, consultant,
                                         client, customer, supplier, agent, distributor, shareholder, adviser or other business
                                         contact of any Group Company.

 

		17.	OBLIGATIONS UPON TERMINATION

 

		17.1	On Termination (however arising) or,
                                         if earlier, at the start of a period of Garden Leave following the service of notice
                                         or Termination, purported or otherwise, by you, you shall:

 

		(a)	subject to clause 17.2 if applicable,
                                         immediately deliver to the Company all documents, books, materials, records, correspondence,
                                         papers and information (on whatever media and wherever located) relating to the business
                                         or affairs of any Group Company or their business contacts, any keys, credit card and
                                         any other property of any Group Company including any car or other asset provided to
                                         you, which is in your possession or under your control;

 

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		(b)	irretrievably delete any information
                                         relating to the business of any Group Company stored on any magnetic or optical disk
                                         or memory and all matter derived from such sources which is in your possession or under
                                         your control outside the premises of the Company; and

		(c)	provide a signed statement that
                                         you have complied fully with your obligations under this clause 17.1 together with such
                                         reasonable evidence of compliance as the Company may request.

 

		17.2	Where you have been placed on Garden
                                         Leave you shall not be required by clause 17.1 to return until the end of the Garden
                                         Leave period any property provided to you as a contractual benefit for personal use.

 

		17.3	You hereby irrevocably appoint the
                                         Company to be your attorney to execute and do any such instrument or thing and generally
                                         to use your name for the purpose of giving the Company or its nominee the full benefit
                                         of clause 17.1(a).

 

		17.4	On Termination however arising you
                                         shall not be entitled to any compensation for the loss of any rights or benefits under
                                         any share option, bonus, long-term incentive plan or other profit sharing scheme, if
                                         any, operated by any Group Company in which you may participate.

 

		17.5	You will comply with the part termination
                                         restrictions contained in Schedule 2.

 

		18.	DISCIPLINARY AND GRIEVANCE
                                         PROCEDURES 

 

		18.1	You are subject to the disciplinary
                                         and grievance procedures of the Company, copies of which are available from HR. These
                                         procedures do not form part of your contract of employment.

 

		18.2	If you want to raise a grievance,
                                         you may apply in writing to HR in accordance with the grievance procedure of the Company.

 

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		18.3	If you wish to appeal against a disciplinary
                                         or grievance decision you may apply in writing to HR in accordance with the procedure
                                         of the Company.

 

		18.4	The Company may suspend you from any
                                         or all of your duties where appropriate during any period in which the Company is investigating
                                         any disciplinary, grievance or other matter.

 

		18.5	During any period of suspension:

 

		(a)	you shall continue to receive your
                                         basic salary and all contractual benefits in the usual way;

		(b)	you shall remain an employee of
                                         the Company and bound by the terms of this agreement;

		(c)	you shall ensure that HR knows
                                         where you will be and how you can be contacted during each working day (except during
                                         any periods taken as holiday in the usual way);

		(d)	the Company may exclude you from
                                         your place of work or any other premises of the Company or any Group Company; and

		(e)	the Company may require you not
                                         to contact or deal with (or attempt to contact or deal with) any officer, employee, consultant,
                                         client, customer, supplier, agent, distributor, shareholder, adviser or other business
                                         contact of the Company or any Group Company.

 

		19.	PENSIONS

 

		19.1	You will be auto enrolled into the
                                         Inspired Gaming Group Flexible Retirement pension scheme of the Company (or such other,
                                         if any, registered pension scheme as you may be invited participate in as may be established
                                         by the Company (Scheme(s)) subject to the rules of the Scheme(s) and the tax reliefs
                                         and exemptions available from HM Revenue & Customs, in both cases as amended from
                                         time to time. Full details of your entitlements, if any, are in Schedule 1 and full details
                                         of the Scheme(s) are available from HR. Contributions made into the Flexible Retirement
                                         pension scheme will be made via salary exchange. Further details on salary exchange are
                                         available from the HR Department.

 

    	 	17	 

     

    

 

		19.2	You shall pay such contributions to
                                         the Scheme as may be required by the rules of the Scheme as amended from time to time.

 

		19.3	Subject to the statutory minimum and
                                         HM Revenue & Customs requirements the Company may vary the Scheme at any time.

 

		19.4	A contracting-out certificate is not
                                         in force in respect of your Employment.

 

		20.	DATA PROTECTION

 

		20.1	You confirm that you have read and
                                         understand the data protection policy of the Company, a copy of which is available from
                                         HR. The Company is entitled to make changes to its data protection policy, but will notify
                                         employees in writing of any such changes.

 

		20.2	You shall comply with the data protection
                                         policy when processing personal data in the course of employment including personal data
                                         relating to any employee, customer, client, supplier or agent of any Group Company.

 

		20.3	You consent to any Group Company processing
                                         data relating to you for legal, personnel, administrative and management purposes and
                                         in particular to the processing of any sensitive personal data (as defined in the Data
                                         Protection Act 1998) relating to you, including, as appropriate:

 

		(a)	information about your physical
                                         or mental health or condition in order to monitor sick leave and take decisions as to
                                         your fitness for work; or

		(b)	your racial or ethnic origin or
                                         religious or similar information in order to monitor compliance with equal opportunities
                                         legislation; or

		(c)	information relating to any criminal
                                         proceedings in which you have been involved for insurance purposes and in order to comply
                                         with legal requirements and obligations to third parties.

 

    	 	18	 

     

    

 

		20.4	The Company may make such information
                                         available to any Group Company, those who provide products or services to any Group Company
                                         (such as advisers and payroll administrators), regulatory authorities, potential or future
                                         employers, governmental or quasi-governmental organisations and potential purchasers
                                         of the Company or the business in which you work.

 

		20.5	You consent to the transfer of such
                                         information to the business contacts of any Group Company outside the European Economic
                                         Area in order to further their business interests even where the country or territory
                                         in question does not maintain adequate data protection standards.

 

		21.	COLLECTIVE AGREEMENTS

 

		21.1	There is no collective agreement which
                                         directly affects your Employment.

 

		22.	RECONSTRUCTION AND AMALGAMATION

 

		22.1	If your Employment is terminated at
                                         any time by reason of any reconstruction or amalgamation of any Group Company, whether
                                         by winding up or otherwise, and you are offered employment with any concern or undertaking
                                         involved in or resulting from the reconstruction or amalgamation on terms which (considered
                                         in their entirety) are no less favourable to any material extent than the terms of this
                                         agreement, you shall have no claim against the Company or any other undertaking arising
                                         out of or connected with such termination.

 

		22.2	You consent to the transfer of your
                                         Employment under this agreement to an Associated Employer at any time during your Employment.

 

		23.	NOTICE

 

		23.1	A notice given to a party under this
                                         agreement shall be in writing in the English language and signed by or on behalf of the
                                         party giving it. It shall be delivered by hand or sent to the party at the address or
                                         fax number given in this agreement or as otherwise notified in writing to the other party.

 

		23.2	Any such notice shall be deemed to
                                         have been received:

 

		(a)	if delivered by hand, at the time
                                         the notice is left at the address or given to the addressee; or

 

    	 	19	 

     

    

 

 

		(b)	in the case of pre-paid first class
                                         UK post or other next working day delivery service, at 9.00 am two business days after
                                         posting or at the time recorded by the delivery service; or

		(c)	in the case of fax, at the time
                                         of transmission.

 

		23.3	A notice shall have effect from the
                                         earlier of its actual or deemed receipt by the addressee. For the purpose of calculating
                                         deemed receipt:

 

		(a)	all references to time are to
                                         local time in the place of deemed receipt; and

		(b)	if deemed receipt would occur on
                                         a Saturday or Sunday or a public holiday when banks are not open for business, deemed
                                         receipt is at 9.00 am on the next business day.

 

		23.4	A notice required to be given under
                                         this agreement shall not be validly given if sent by e-mail.

 

		23.5	This clause does not apply to the
                                         service of any proceedings or other documents in any legal action.

 

		24.	ENTIRE AGREEMENT

 

		24.1	This agreement (and any document referred to in it) constitutes
the whole agreement between the parties (and in the case of the Company, as agent for any Group Companies) and supersedes any
previous arrangement, understanding or agreement between them relating to the subject matter of this agreement.

 

		24.2	Each party warrants to the other parties that, in entering
into this agreement (and any document referred to in it), it does not rely on any statement, representation, assurance or warranty
of any person (whether a party to this agreement or not) other than as expressly set out in this agreement (or those documents).

 

		24.3	Each party agrees and undertakes to the other parties that
the only rights and remedies available to it arising out of or in connection with this agreement or its subject matter shall be
solely for breach of contract, in accordance with the provisions of this agreement.

 

    	 	20	 

     

    

 

		24.4	Nothing in this clause 25 shall limit
                                         or exclude any liability for fraud.

 

		25.	VARIATION

 

No variation of this agreement
shall be effective unless it is in writing and notified to you. Any material adverse changes will normally need to be signed by
the parties (or their authorised representatives).

 

		26.	COUNTERPARTS

 

This agreement may be executed
in any number of counterparts, each of which, when executed and delivered, shall be an original, and all the counterparts together
shall constitute one and the same instrument.

 

		27.	THIRD PARTY RIGHTS

 

No person other than a party
to this agreement or a Group Company may enforce any of its terms.

 

		28.	GOVERNING LAW

 

		28.1	This agreement and any dispute or
                                         claim arising out of or in connection with it or its subject matter or formation (including
                                         non-contractual disputes or claims) shall be governed by and construed in accordance
                                         with the law of England and Wales.

 

		28.2	The parties irrevocably agree to submit
                                         to the exclusive jurisdiction of the courts of England and Wales over any claim or matter
                                         arising under or in connection with this agreement or its subject matter or formation
                                         (including non-contractual disputes or claims).

  

This agreement has been entered into on
the date stated at the beginning of this agreement.

 

    	 	21	 

     

    

 

	Signed by for and on behalf of Inspired Gaming (UK) Limited	 	/s/ Steven Holmes

 

	Signed by the Employee	 	/s/ Stewart Baker

 

    	 	22	 

     

    

 

SCHEDULE 1

Personal Employment Terms

 

Stewart Baker, whose address
is at 12 Hobson Drive, Spondon, Derby, DE21 7TU (Employee).

 

	Job title:	Chief Financial Officer
	 	 
	Reporting to:	Luke Alvarez
	 	 
	Place of work:	Burton
	 	 
	Normal Hours:	37.50 per week
	 	 
	Date of commencement:	22nd September 2014
	 	 
	Salary:	£160,000 per annum
	 	 
	Pension:	Inspired Gaming Group Flexible Retirement Plan with 15% Employer Contribution
	 	 
	Holiday Entitlement:	25 days per annum plus Statutory Bank Holidays

 

	Notice:	You are required to give twelve months’ notice of termination of employment to the Company.
	 	The Company is required to give twelve months’ notice and, in any event not less than one week’s notice for
    each completed year of service subject to a maximum of 12 weeks’ notice.

 

    	 	23	 

     

    

 

SCHEDULE 2

Post-Termination Restrictions

 

		1.	In order to protect the Confidential
                                         Information, trade secrets and business connections of the Company and each Group Company
                                         to which you have access as a result of your Employment, you covenant with the Company
                                         (for itself and as trustee and agent for each Group Company) that you shall not:

 

		(a)	for 12 month(s) after Termination
                                         solicit or endeavour to entice away from the Company or any Group Company the business
                                         or custom of a Restricted Customer with a view to providing goods or services to that
                                         Restricted Customer in competition with any Restricted Business; or

		(b)	for 12 month(s) after Termination
                                         in the course of any business concern which is in competition with any Restricted Business,
                                         offer to employ or engage or otherwise endeavour to entice away from the Company or any
                                         Group Company any Restricted Person; or

		(c)	for 12 month(s) after Termination,
                                         be involved in any Capacity with any business concern which is (or intends to be) in
                                         competition with any Restricted Business; or

		(d)	for 12 month(s) after Termination,
                                         be involved with the provision of goods or services to (or otherwise have any business
                                         dealings with) any Restricted Customer in the course of any business concern which is
                                         in competition with any Restricted Business; or

		(e)	at any time after Termination,
                                         represent yourself as connected with the Company or any Group Company in any Capacity;
                                         or

		(f)	for 12 months after Termination
                                         have any dealings with any supplier, partner; or other business doing business with the
                                         Company or any Group Company such that these dealings do or could cause such other entity
                                         to materially adversely affect the terms of business which they have with the Company
                                         or any other Group Company.

 

    	 	24	 

     

    

 

		2.	None of the restrictions in clause 1
                                         of this Schedule shall prevent you from:

 

		(a)	holding an investment by way of
                                         shares or other securities of not more than 5% of the total issued share capital of any
                                         company, whether or not it is listed or dealt in on a recognised stock exchange; or

		(b)	being engaged or concerned in any
                                         business concern insofar as your duties or work shall relate solely to geographical areas
                                         where (i) you have had no dealings, (ii) you have had no responsibility, or (iii) about
                                         which you have had no Confidential Information in the 12 months before Termination or
                                         the business concern is not in competition with any Restricted Business; or

		(c)	being engaged or concerned in any
                                         business concern, provided that your duties or work shall relate solely to services or
                                         activities of a kind with which you were not concerned to a material extent and did not
                                         have Confidential Information regarding in the 12 months before Termination.

 

		3.	The restrictions imposed on you by this
                                         clause apply to you acting in any Capacity:

 

		(a)	directly or indirectly; and

		(b)	on your own behalf or on behalf
                                         of, or in conjunction with, any firm, company or person.

 

		4.	The periods for which the restrictions
                                         in clause 1 apply shall be reduced by any period that you spend on Garden Leave immediately
                                         before Termination.

 

		5.	If you receive an offer to be involved
                                         in a business concern in any Capacity during your Employment, or before the expiry of
                                         the last of the covenants in this clause, you shall give the person making the offer
                                         a copy of this clause and shall tell the Company the identity of that person as soon
                                         as possible after accepting the offer.

 

		6.	The Company and you entered into the
                                         restrictions in this clause having had the opportunity to be separately legally advised.

 

		7.	Each of the restrictions in this clause
                                         are intended to be separate and severable. If any of the restrictions shall be held to
                                         be void but would be valid if part of their wording were deleted, such restriction shall
                                         apply with such deletion as may be necessary to make it valid or effective.

 

    	 	25	 

     

    

 

		8.	You will, at the request and expense
                                         of the Company, enter into a separate agreement with any Group Company in which you agree
                                         to be bound by restrictions corresponding to those restrictions in this clause (or such
                                         of those restrictions as the Company deems appropriate) in relation to that Group Company.

 

SCHEDULE 3

Intellectual Property

 

		1	INTELLECTUAL PROPERTY

 

		1.1	The definitions and rules of interpretation
                                         in the contract of employment apply in this Schedule.

 

		1.2	You acknowledge that all Employment
                                         IPRs, Employment Inventions and all materials embodying them shall automatically belong
                                         to the Company to the fullest extent permitted by law. To the extent that they do not
                                         vest in the Company automatically, you hold them on trust for the Company.

 

		1.3	You acknowledge that, because of
                                         the nature of your duties and the particular responsibilities arising from the nature
                                         of your duties, you have, and shall have at all times while you are employed by the Company,
                                         a special obligation to further the interests of the Company.

 

		1.4	To the extent that legal title
                                         in any Employment IPRs or Employment Inventions does not vest in the Company by virtue
                                         of clause 1.2, you agree, immediately on creation of such rights and Inventions,
                                         to offer them to the Company in writing. You agree that the provisions of this clause
                                         1 shall apply to all Employment IPRs and Employment Inventions offered to the Company
                                         under this clause 1.4 until such time as the Company has agreed in writing that
                                         you may offer them for sale to a third party.

 

		1.5	You agree

 

		(a)	to give the Company full written
                                         details of all Employment Inventions which relate to or are capable of being used in
                                         the business of any Group Company promptly on their creation;

 

    	 	26	 

     

    

 

		(b)	at the Company’s request and
                                         in any event on the termination of your employment to give to the Company all originals
                                         and copies of correspondence, documents, papers and records on all media which record
                                         or relate to any of the Employment IPRs;

		(c)	not to attempt to register any Employment
                                         IPR nor patent any Employment Invention unless requested to do so by the Company; and

		(d)	to keep confidential each Employment
                                         Invention unless the Company has consented in writing to its disclosure by you.

 

		1.6	You waive all your present and
                                         future moral rights which arise under the Copyright Designs and Patents Act 1988, and
                                         all similar rights in other jurisdictions relating to any copyright which forms part
                                         of the Employment IPRs, and agree not to support, maintain or permit any claim for infringement
                                         of moral rights in such copyright works.

 

		1.7	You acknowledge that, except as
                                         provided by law, no further remuneration or compensation other than that provided for
                                         in this agreement is or may become due to you in respect of your compliance with this
                                         clause. This clause is without prejudice to your rights under the Patents Act 1977.

 

		1.8	You undertake to use your best
                                         endeavours to execute all documents and do all acts both during and after your employment
                                         by the Company as may, in the opinion of the Company, be necessary or desirable to vest
                                         the Employment IPRs in the Company, to register them in the name of the Company and to
                                         protect and maintain the Employment IPRs and the Employment Inventions. Such documents
                                         may, at the Company’s request, include waivers of all and any statutory moral rights
                                         relating to any copyright works which form part of the Employment IPRs. The Company agrees
                                         to reimburse your reasonable expenses of complying with this Schedule.

 

		1.9	You agree to give all necessary
                                         assistance to the Company to enable it to enforce its Intellectual Property Rights against
                                         third parties, to defend claims for infringement of third party Intellectual Property
                                         Rights and to apply for registration of Intellectual Property Rights, where appropriate
                                         throughout the world, and for the full term of those rights.

 

		1.10	You hereby irrevocably appoint
                                         the Company to be your attorney in your name and on your behalf to execute documents,
                                         use your name and do all things which are necessary or desirable for the Company to obtain
                                         for itself or its nominee the full benefit of this clause. You acknowledge that a certificate
                                         in writing, signed by any director or the secretary of the Company, that any instrument
                                         or act falls within the authority conferred by this agreement shall be conclusive evidence
                                         that such is the case so far as any third party is concerned.

 

    	 	27Exhibit 10.5

 

Dated
JULY 6, 2010

 

(1)
INSPIRED GAMING UK LIMITED

 

and

 

(2)
STEVEN HOLMES

 

Service
Agreement

 

     

     

    

 

Table
of Contents

 

	1.	INTRODUCTION	1
	 	 	 
	2.	COMMENCEMENT AND TERM	2
	 	 	 
	3.	OBLIGATIONS DURING EMPLOYMENT	2
	 	 	 
	4.	FURTHER OBLIGATIONS OF THE EXECUTIVE	4
	 	 	 
	5.	REMUNERATION	4
	 	 	 
	6.	DEDUCTIONS FROM WAGES	5
	 	 	 
	7.	PLACE OF WORK	5
	 	 	 
	8.	HOURS OF WORK	5
	 	 	 
	9.	PENSION SCHEME AND PRIVATE MEDICAL INSURANCE	6
	 	 	 
	10.	CAR ALLOWANCE	6
	 	 	 
	11.	EXPENSES	6
	 	 	 
	12.	HOLIDAYS	6
	 	 	 
	13.	INCAPACITY	7
	 	 	 
	14.	INTELLECTUAL PROPERTY RIGHTS	7
	 	 	 
	15.	CONFIDENTIALITY	9
	 	 	 
	16.	TERMINATION OF EMPLOYMENT	11
	 	 	 
	17.	RETIREMENT	13
	 	 	 
	18.	EXECUTIVE'S COVENANTS	13
	 	 	 
	19.	GRIEVANCE AND DISCIPLINARY PROCEDURE	15
	 	 	 
	20.	DATA PROTECTION	16
	 	 	 
	21.
	DIRECTORSHIP	16
	 	 	 
	22.	NOTICES	16
	 	 	 
	23.
	MISCELLANEOUS	16
	 	 	 
	24.	DEFINITIONS AND INTERPRETATION	17
	 	 	 
	25.	COUNTERPARTS	17

 

     

     

    

 

THIS AGREEMENT is made the 6th
day of July, 2010

 

BETWEEN:

 

		(1)	INSPIRED GAMING UK LIMITED, a company registered in England and Wales with company number
3565640, whose registered office is at 3 The Maltings, Wetmore Road, Burton on Trent, Staffordshire, DE14 1SE (the "Company");
and

 

		(2)	STEVEN HOLMES of 5c Chivarly Road, Battersea, London SW11 1HT (the "Executive").

 

WHEREBY

 

It is agreed that the Company shall employ
the Executive upon and subject to the following terms and conditions:-

 

CONDITIONS

 

		(A)	It is a condition of this Agreement that the Executive is and remains lawfully entitled to work
in the United Kingdom. In the event that the Executive is not or becomes no longer entitled to be lawfully employed in the United
Kingdom, the Company has the right to terminate this Agreement with immediate effect and without notice and without the payment
of any compensation to the Executive.

 

		1.	INTRODUCTION

 

		1.1.	Save for the bonus letter between the Company and the Employee dated 22 July 2009 and the bonus
letter between Inspired Gaming Group plc (“IGG”) and the Employee dated 12 November 2009, this Agreement is
in substitution for any previous agreement or arrangement between the Executive and the Company which shall be deemed to be terminated
by mutual agreement on the date hereof. The Company agrees to employ the Executive and the Executive agrees to be employed by the
Company on and subject to the terms and conditions set out in this Agreement and he hereby waives his rights to bring any claim
against the Company in respect of the termination of any previous agreement or arrangement between the Executive and the Company.

 

		1.2.	References in this Agreement to statutes or regulations shall include any statute or regulation
modifying, re-enacting, extending or made pursuant to the same or which is modified, re-enacted or extended by the same. Headings
are for ease of reference only and shall not be taken into account in the construction of this Agreement. Words importing the singular
number shall include the plural and vice versa and words importing the masculine shall include the feminine and neuter and vice
versa.

 

    	 	1	 

     

    

 

		2.	COMMENCEMENT AND TERM

 

		2.1.	The Executive's employment began on the date of this Agreement. The Executive's Period of continuous
employment for statutory purposes began on 1 March 2007.

 

		2.2.	The employment of the Executive shall (subject to Clause 16) be for an indefinite period. It shall
be terminable by the Company giving not less than 12 months' notice in writing to the Executive or by the Executive giving not
less than 12 months' notice in writing to the Company.

 

		2.3.	The Company may at its absolute discretion elect to terminate the employment of the Executive with
immediate effect on or at any time after giving notice pursuant to Clause 2.2 by paying to the Executive salary and other benefits
contractually due to him (or an amount equal to the cash value thereof) in lieu of notice in respect of the notice period or, if
less, the notice period still outstanding.

 

		3.	OBLIGATIONS DURING EMPLOYMENT

 

		3.1.	The Executive shall during the continuance of his employment:-

 

		3.1.1.	serve the Company to the best of his ability in the capacity of General Counsel;

 

		3.1.2.	faithfully and diligently perform such duties and exercise such powers as the Board (or anyone
authorised by the Board) may from time to time properly assign to or confer upon him insofar as is consistent with his position;

 

		3.1.3.	if and so long as the Board so directs, perform and exercise such duties and powers on behalf of
any Associated Company and act as a director or other officer of any Associated Company PROVIDED THAT (1) such duties are ancillary
to his job title stated in Clause 3.1.1 and (2) subject to Clause 16.3, the Executive's contract of employment shall not be transferred
to any other company of the Group at any time.

 

		3.1.4.	do all reasonably in his power to protect, promote, develop, and extend the business interests
and reputation of the Group;

 

		3.1.5.	at all times and in all material respects conform to and comply with the lawful and reasonable
directions of the Board, the provisions of the Company's Memorandum and Articles of Association (as amended from time to time),
the requirements of any relevant regulatory body governing the activities of any member of the Group and conform to and so far
as he is able to comply with the conditions to and terms of any licence (the terms of which he is first made aware of by the Company)
granted to any member of the Group;

 

		3.1.6.	promptly give to the Board (in writing if so requested) all such information, explanations and
assistance as it may reasonably require in connection with the business and affairs of the Company and any Associated Company for
which he is required to perform duties;

 

    	 	2	 

     

    

 

		3.1.7.	unless prevented by sickness, injury or other incapacity, or as otherwise agreed by the Board,
devote the whole of his time attention and abilities during his hours of work (which shall be normal business hours and such additional
hours as may be necessary for the proper performance of his duties) to the business and affairs of the Company and any Associated
Company for which he is required to perform duties; and

 

		3.1.8.	work at such place or places of business of the Company or any Associated Company within the United
Kingdom which the Board may reasonably require for the proper performance and exercise of his duties and powers and (subject to
Clause 11) the Executive shall undertake all reasonable travel on the business of the Company and any Associated Company for which
he is required to perform duties.

 

		3.2.	Where either party gives notice to terminate this Agreement or otherwise purports to terminate
it, the Company may at any time during the continuance of the Executive's employment require the Executive not to attend work and/or
not to undertake any or all of his duties or to allocate other duties to him.

 

		3.3.	During any such period where the Executive is required not to attend work and/or to undertake any
or all of his duties pursuant to Clause 3.2, the Company:

 

		3.3.1.	shall not be obliged to provide the Executive with any work;

 

		3.3.2.	may require the Executive to resign as a director of the Company or any Associated Company;

 

		3.3.3.	shall continue to pay to the Executive salary and provide any other benefits to which he is contractually
entitled and the Executive shall remain bound by the terms and conditions of this Agreement (the Executive's attention is particularly
drawn to Clause 15 below); and

 

		3.3.4.	may require that the Executive does not contact any colleagues or actual or potential customers,
clients or suppliers of the Company with whom he has had dealings in the course of his employment without the prior consent in
writing of the Board.

 

		3.4.	The Company reserves the right to suspend the Executive on full pay and benefits for the purpose
of investigating any disciplinary matter, for such period as the Company may reasonably specify.

 

    	 	3	 

     

    

 

		4.	FURTHER OBLIGATIONS OF THE EXECUTIVE

 

		4.1.	During the continuance of his employment the Executive shall devote his whole time and attention
to his duties under this Agreement and shall not without prior written consent of the Company directly or indirectly carry on or
be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees
of not more than three per cent in aggregate of any class of shares, debentures or other securities in issue from time to time
of any company which are for the time being quoted or dealt in on any recognised investment exchange (as defined by Section 207(1)
of the Financial Services Act 1986). This Clause shall not apply to those directorships held by the Executive as at the date of
this Agreement, which have been notified to the Board including for the avoidance of doubt the partnership interest the Employee
has in his spouse’s hairdressing business.

 

		4.2.	During the continuance of his employment the Executive:-

 

		4.2.1.	shall not directly or indirectly procure, accept or obtain for his own benefit (or for the benefit
of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment or other benefit of a value in excess
of £1,000 per annum ("Gratuities") from any third party in respect of any business transacted or proposed
to be transacted (whether or not by him) by or on behalf of the Company or any Associated Company;

 

		4.2.2.	shall observe the terms of any policy issued by the Company in relation to Gratuities;

 

		4.2.3.	shall immediately disclose and account to the Company for any Gratuities received by him (or by
any other person on his behalf or at his instruction); and

 

		4.2.4.	subject to the Executive first obtaining the Company's written consent in accordance with Clause
4.1 above, he shall promptly disclose to the Board full details of any investment (of whatever sort) he makes in any business or
company within the Group's area(s) of industry/sector(s).

 

		5.	REMUNERATION

 

		5.1.	The Company shall pay to the Executive during the continuance of his employment a salary (which
shall accrue from day to day) at the rate of £100,000 per year inclusive of any directors' fees payable to the Executive
under the Articles of Association of the Company or any Associated Company (and any such fees as the Executive shall receive separately
he shall pay to the Company). The salary shall be payable by 12 equal instalments per annum in arrears and shall be subject to
review by the Remuneration Committee annually in or around January, but without any commitment to increase. For the avoidance of
doubt, the Executive's salary shall not be decreased on review.

 

		5.2.	The Executive may, during the continuance of his employment, be entitled to be paid bonuses of
such amounts (if any) at such times and subject to such conditions as the Remuneration Committee may in its absolute and sole discretion
decide, taking account of the profit and cash flow performance of the Company against budget and other factors it reasonably considers
appropriate from time to time.

 

    	 	4	 

     

    

 

		5.3.	The Executive may, at the sole discretion of the remuneration committee of the Board, be invited
to participate in such share option arrangements as may be operated from time to time by the Company. Any awards of share options
that may be made to the Executive from time to time shall be at the Remuneration Committee of the Board's sole discretion and will
be subject to the rules from time to time in force, of the relevant scheme.

 

		5.4.	For the avoidance of doubt the Employee shall remain entitled to receive:

 

		5.4.1.	the bonus for the financial year 2010 in accordance with the terms of the letter between the Company
and the Employee dated 22 July 2009; and

 

		5.4.2.	the bonuses pursuant to the IGG Executive Team Bonus Plan for the fiscal year 2010 under the terms
set out in the letter between IGG and the Employee dated 12 November 2009.

 

		5.5.	Subject to the rules of the relevant scheme, in the event that the Executive ceases to be employed
by the Company, any share options held by the Executive, other than those which have been exercised, shall automatically lapse
and the Executive shall not be entitled to any compensation whatsoever in respect of the loss of any such options.

 

		6.	DEDUCTIONS FROM WAGES

 

For the purposes of Part II of the Employment
Rights Act 1996 the Executive hereby authorises the Company to deduct from his salary, or any other sums due to him from the Company,
any sums due from the Executive to the Company, including without limitation any overpayment of salary or accrued holiday pay.

 

		7.	PLACE OF WORK

 

The Executive's normal place of work is
the Company's offices at Bucknall Street, London or any such other place as the Company may from time to time reasonably require.

 

		8.	HOURS OF WORK

 

		8.1.	The Company's normal business hours are 9.00am to 5.30pm Monday to Friday (inclusive), with a break
of one hour for lunch.

 

		8.2.	The Executive's remuneration package is calculated on the basis that he will work as necessary
during as well as outside normal business hours in order properly to perform his duties. Accordingly, the Executive will not be
paid for any additional hours worked outside normal business hours.

 

		8.3.	Because of the autonomous nature of the Executive's role, the duration of his working time is not
measured or monitored, or determined by the Company and the limit on weekly working time set out in Regulation 4 of the Working
Time Regulations 1998 does not apply to the Executive's employment.

 

    	 	5	 

     

    

 

		9.	PENSION SCHEME AND PRIVATE MEDICAL INSURANCE

 

		9.1.	The Executive may join the Company's Executive Pension Scheme (the “Scheme”)
(or such other registered pension scheme as may be set up by the Company to replace the Scheme) subject to satisfying certain eligibility
criteria and subject to the rules of the Scheme as amended from time to time.

 

		9.2.	A contracting-out certificate is not in force in respect of the employment of the Executive.

 

		9.3.	The Company shall, subject to the rules of the applicable scheme, pay premiums to provide private
medical insurance cover for the Executive and his spouse and children.

 

		10.	CAR ALLOWANCE

 

		10.1.	The Executive shall be entitled to receive a car allowance of £10,000 per annum which shall
be payable in equal monthly instalments together with and in the same manner as the salary under the terms of Clause 5.1.

 

		10.2.	The Executive shall immediately inform the Company if he is disqualified from driving and shall
cease to be entitled to receive the allowance under Clause 10.1

 

		11.	EXPENSES

 

		11.1.	The Company shall, during the continuance of his employment, reimburse the Executive in respect
of all reasonable travelling, accommodation, entertainment and other similar out-of-pocket expenses exclusively and necessarily
incurred by him in or about the performance of his duties.

 

		11.2.	Except where specified to the contrary, all expenses shall be reimbursed subject to the Executive
providing appropriate evidence (including receipts, invoices, tickets and/or vouchers as may be appropriate) of the expenditure
in respect of which he claims reimbursement.

 

		12.	HOLIDAYS

 

		12.1.	The Executive shall (in addition to the usual public and bank holidays) be entitled during the
continuance of his employment to 25 days' paid holiday in each calendar year.

 

		12.2.	The Executive shall not be entitled to carry forward any annual holiday entitlement foregone by
him for any reason during the holiday year in which it accrued without the prior written consent of the Remuneration Committee.

 

		12.3.	Upon the termination of his employment, the Executive's entitlement to accrued holiday pay shall
be calculated on a pro-rata basis and the appropriate amount shall be paid to the Executive provided that if the Executive shall
have taken more days' holiday than his accrued entitlement, the Company is hereby authorised to make an appropriate deduction from
the Executive's final salary payment.

 

    	 	6	 

     

    

 

		13.	INCAPACITY

 

		13.1.	Subject to his complying with the Company's procedures relation to the notification and certification
of periods of absence from work, the Executive shall continue to be paid his salary (inclusive of any statutory sick pay or social
security benefits to which he may be entitled) during any period of absence from work due to sickness, injury or other incapacity
up to a maximum of 26 weeks in aggregate in any period of 52 consecutive weeks.

 

		13.2.	If any incapacity of the Executive shall be caused by an alleged action or wrong of a third party
and the Executive shall decide to claim damages in respect thereof and shall recover damages for loss of earnings over the period
for which salary has been or will be paid to him by the Company under Clause 13.1, he shall account to the Company for any such
damages for loss of earnings recovered (ion an amount not exceeding the actual salary paid or payable to him by the Company under
Clause 13.1 in respect of the said period) less any costs borne by him in achieving such recovery. The Executive shall keep the
Company commencement, progress and outcome of any such claim. If required by the Company (and on receipt of an indemnity from the
Company for all the costs thereby incurred) the Executive shall use reasonable endeavours to recover such damages.

 

		13.3.	The Company may require the Executive to undergo at its expense an annual medical examination,
whether or not he is then incapacitated, by a doctor nominated by the Company. The results of such examinations shall be provided
first to the Executive by such doctor and will only be provided to the Company by prior written authorisation by the Executive,
which shall not be unreasonably withheld.

 

		13.4.	For the purposes of the Data Protection Act 1998 (the "DPA"), in the event that
the Executive or a medical practitioner provides information to the Company concerning the Executive's health, he hereby expressly
consents to the Company retaining such information on his personnel file for so long as is reasonably necessary for the purposes
of ensuring that it complies in dull with its obligations under health and safety legislation and of effectively managing the aspects
of its business in which the Executive is involved. The Executive undertakes to sign any additional consents that may be required
for the Company to process such information for such purposes.

 

		14.	INTELLECTUAL PROPERTY RIGHTS

 

		14.1.	The Executive and the Company foresee that he may make, discover and/or create Inventions, Authorship
Rights, Works or Information (as each of those terms are defined below) in the course of his duties under this Agreement and agree
that the Executive has special obligations to further the interests of the Company. You agree to the terms set out in this Clause
14 in consideration for the salary and benefits set out in Clauses 5, 9, and 10 above.

 

    	 	7	 

     

    

 

		14.2.	If the Executive (whether alone or with others) shall at any time during the period of his employment
with the Company make an invention (whether or not patentable within the meaning of the Patents Act 1977) relating to or capable
of being used in the business of the Company or any Associated Companies (referred to in this Agreement as "Invention")
he shall promptly disclose to the Company full details of such Invention to enable the Company to assess it and to determine whether
under the applicable law the Invention is the property of the Company (provided that any Invention which does not belong to the
Company shall be treated as confidential by the Company).

 

		14.3.	If the Executive (whether alone or with others) shall at any tie during the period of his employment
with the Company create any documents, data, drawings, specifications, articles, computer programmes, software (object or source
code), equipment, network designs, business logic, notes, sketches, drawings, reports, modifications, tools, scripts or other items
directly or indirectly in the course of his employment and relating to or capable of being used in the business of the Company
or any Associated Companies in which the Executive is involved ("Works") he shall promptly provide such Works
to the Company and title in and to the tangible property of the Works shall immediately upon creation or performance vest in and
shall be and remain the sole and exclusive property of the Company and the Executive hereby irrevocably and unconditionally assigns
to the Company all right, title and interest in and to the same.

 

		14.4.	If any copyright, design right (whether registered or unregistered) or database rights in the Works
(together "Authorship Rights") or any Invention belonging to the Company, the Executive shall consider himself
as a trustee for the Company in relation to all such Authorship Rights or Invention and shall, at the request and expense of the
Company, do all things necessary to vest all rights, title and interest in such Authorship Rights or Invention in the Company or
its nominee absolutely as legal and beneficial owner and to secure and preserve full patent, copyright or other appropriate forms
of protection therefore in any part of the world as the Company shall in its discretion think fit.

 

		14.5.	If any Authorship Rights or Invention do not belong to the Company, the Company shall have the
right to acquire for itself or its nominee the Executive's rights in such Authorship Rights or Invention within three months after
disclosure or provision pursuant to Clause 14.2 or 14.3 of this Agreement (as applicable), (or three months after the Company has
actual knowledge of the existence of such Authorship Rights or Invention, where the Executive fails to disclose or provide documents
or information pursuant to Clause 14.2 or 14.3 of this Agreement (as applicable)) on fair and reasonable terms to be agreed or
in default of agreement within one month to be acquired at a price to be determined by a single expert to be nominated in default
of agreement, at the request of either the Company or the Executive, by the President for the time being of the Chartered Institute
of Patent Agents or in default by the Courts.

 

    	 	8	 

     

    

 

		14.6.	If the Executive (whether alone or with others) shall at any time during the term of his employment
generate any idea, method or information relating to the business, finances or affairs of the Company in which he is involved capable
of use by the Company or any Associated Companies which is not an Invention or Works (hereinafter called "Information")
the Executive shall promptly disclose to the Company full details of such Information and he acknowledges that such Information
belongs to the Company.

 

		14.7.	The Executive shall give notice in writing to the Company promptly on becoming aware of any infringement
or suspected infringement of any intellectual property rights in any Invention, Authorship Rights, Works or Information. The Executive
shall also notify the Company promptly on becoming aware of any infringement or suspected infringement of any other intellectual
property rights which the Executive should reasonably believe to be vested in or owned by the Company or any Associated Companies
or of any use by or disclosure to a third party (which he should reasonably believe to be unauthorised by the Company) of any Confidential
Information.

 

		14.8.	Save for Clause 14.7, rights and obligations under this Agreement shall continue in force after
the termination of this Agreement in respect of each or each set of Invention, Authorship Rights, Works and Information and shall
be binding upon the Executive's representatives.

 

		14.9.	The Executive irrevocably waives any rights he may have under Chapter IV (Moral Rights) of Part
I of the Copyright Designs and Patents Act 1988 and any foreign corresponding rights in respect of all Authorship Rights owned
by the Company, or acquired by the Company or to be acquired by the Company pursuant to Clause 14.5.

 

		14.10.	The Executive hereby irrevocably appoints the Company to be his Attorney in his name and on his
behalf to execute and do any such instrument or thing as may be required and generally to use the Executive's name for the purpose
of giving to the Company (or its nominee) the full benefit of the provisions of this Agreement (or of the Company's entitlement
under statute) and in favour of any third party a certificate in writing signed by any director or the secretary of the Company
that any instrument or act falls within the authority hereby confirmed shall be conclusive evidence that such is the case.

 

		15.	CONFIDENTIALITY

 

		15.1.	In addition to the Executive's common law obligations to keep confidential information secret,
he must not disclose to any person, firm or company, otherwise than in the proper course of his duties or with the written consent
of the Company, any trade secret or information of a confidential nature concerning the Company's business or the business of any
Associated Company, any client or prospective client including, but not limited to:

 

		15.1.1.	any trade secret or confidential or secret information concerning the business development, affairs,
future plans, business methods, connections, operations, accounts, finances, organisation, processes, policies or practices, designs,
dealings, trading, software, or know-how relating to or belonging to the Company and/or to any Associated Company or any of its
suppliers, agents, distributors, clients or customers;

 

    	 	9	 

     

    

 

		15.1.2.	confidential computer software, computer-related know-how, passwords, computer programmes, specifications,
object codes, network designs, business processes, business logic, inventions, improvements and/or modifications relating to or
belonging to the Company and/or any Associated Company;

 

		15.1.3.	details of the Company's or any Associated Company's financial projections or projects, prices
or pricing strategy, advertising, marketing or development plans, product development plans or strategies, fee levels, commissions
and commission structures, market share and pricing statistics, marketing surveys and research reports and their interpretation;

 

		15.1.4.	any confidential research, report or development undertaken by or for the Company or any Associated
Company;

 

		15.1.5.	details of relationships or arrangements with, or knowledge of the needs or the requirements of,
the Company's or any Associated Company's actual or potential clients or customers;

 

		15.1.6.	information supplied in confidence by customers, clients or any third party to which the Company
or any Associated Company owes an obligation of confidentiality;

 

		15.1.7.	lists and details of contracts with the Company's or any Associated Company's actual or potential
suppliers;

 

		15.1.8.	information of a personal or otherwise of a confidential nature relating to fellow employees, directors
or officers of and/or consultants to, the Company an/or any Associated Company for which the Executive may from time to time provide
services;

 

		15.1.9.	confidential information concerning, or details of, any competitive business pitches, and/or target
details;

 

		15.1.10.	any document or information marked as confidential on its face; or

 

		15.1.11.	any document or information which has been supplied to the Executive in confidence or which he
has been informed is confidential or which he might reasonably be aware is confidential.

 

Any information of the sort described
in this Clause 15.1 which the Executive obtains or becomes aware of during the course of his employment under this Agreement or
which, by virtue of the Executives position, it may reasonably be assumed he has obtained or become aware of shall be "Confidential
Information" for the purposes of this Agreement.

 

    	 	10	 

     

    

 

		15.2.	The Executive undertakes to use his best endeavours to prevent unauthorised publication or disclosure
to any third party of any Confidential Information (save as may be required by law or a duly authorised regulatory body).

 

		15.3.	The provisions in Clause 15.1 and 15.2 shall continue to apply after termination of employment,
howsoever arising, without any time limit but shall cease to apply to any information or knowledge which may at any tome come into
the public domain other than through unauthorised disclosure of the Executive.

 

		15.4.	Nothing in this Clause 15 shall be construed or interpreted as preventing the Executive from making
a "protected disclosure" within the meaning of the Public Interest Disclosure Act 1998. In circumstances where the Executive
feels it is necessary for him to make such a disclosure, he should first raise the issue with the Board, or if the Executive's
concerns relate to certain members of the Board, to an officer or officers of the Company whom he believes are not involved or
implicated in the relevant matter.

 

		16.	TERMINATION OF EMPLOYMENT

 

		16.1.	The employment of the Executive may be terminated by the Company immediately without notice or
payment in lieu of notice if the Executive:-

 

		16.1.1.	commits any serious or persistent material breach of the terms contained in this Agreement (after
receiving prior written warning of the nature of such breach and having been given a reasonable opportunity to rectify it); or

 

		16.1.2.	is guilty of any serious negligence or gross misconduct in connection with or affecting the business
or affairs of the Company or any Associated Company for which he is required to perform duties; or

 

		16.1.3.	is guilty of conduct which seriously damages (or which in the reasonable opinion of the Board is
likely to seriously damage) the interests of the Company or its shareholders or any Associated Company or which brings (or in the
reasonable opinion of the Board is likely to bring) himself or the Company or its shareholders or any Associated Company into material
disrepute or results in him failing or ceasing to be acceptable as a director or officer of any Group Company to any relevant regulatory
body governing the activities of any Group Company to any relevant regulatory body governing the activities of any Group Company;
or

 

		16.1.4.	is convicted of any arrestable criminal offence (other than an offence under road traffic legislation
in the United Kingdom or elsewhere for which a non-custodial penalty is imposed); or

 

		16.1.5.	is adjudged bankrupt or makes any arrangement or composition with his creditors or has an interim
order made against him pursuant to Section 252 of the Insolvency Act 1986; or

 

		16.1.6.	is or becomes prohibited by law from being a director; or

 

    	 	11	 

     

    

 

		16.1.7.	voluntarily resigns as a director of the Company; or

 

		16.1.8.	commits or has committed any material breach of the Articles of Association of the Company.

 

		16.2.	Upon the termination of his employment (for whatever reason and howsoever arising) and where the
Company exercises its rights pursuant to Clause 3.2 of this Agreement, the Executive:

 

		16.2.1.	shall not take away, conceal or destroy but shall immediately deliver up to the Company all documents
(which expression shall include but without limitation notes, memoranda, correspondence, drawings, sketches, plans, designs and
any other material upon which data or information is recorded or stored) produced during the course of his employment with the
Company relating to the business or affairs of the Company or any Associated Company or any of their clients, customers, shareholders,
employees, officers, suppliers, distributors and agents (and the Executive shall not be entitled to retain any copies or reproductions
of any such documents) together with any other property belonging to the Company or any Associated Company (including his car(s)
and its keys, but without prejudice to any claim for compensation for loss of its use for the duration of his notice period) which
may then be in his possession or under his control;

 

		16.2.2.	shall at the request of the Board immediately resign without claim for compensation from office
as a director of the Company and any Associated Company and from any other office held by him in the Company or any Associated
Company (but without prejudice to any claim he may have for damages for breach of this Agreement or otherwise) and in the event
of his failure to do so the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign
and deliver such resignations to the Board; and

 

		16.2.3.	shall not at any time after termination make any untrue or misleading oral or written statement
concerning the business and affairs of the Company or any Associated Company nor represent himself or permit himself to be held
out as being in any way connected with or interested in the business of the Company for any Associated Company (except as a former
employee for the purpose of communicating with prospective employers or complying with any applicable statutory requirements);
and

 

		16.2.4.	shall immediately repay all outstanding debts or loans due to the Company or any Associated Company
and the Company is hereby authorised to deduct from any wages (as defined by Section 27 of the Employment Rights Act 1996) of the
Executive a sum in repayment of all or any party of any such debts or loans.

 

    	 	12	 

     

    

 

		16.3.	If the employment of the Executive is terminated by reason of the liquidation of the Company for
the purpose of reconstruction or amalgamation or as part of any arrangement for the amalgamation or reconstruction of the company
not involving insolvency and the Executive is offered employment with any concern or undertaking resulting from the reconstruction
or amalgamation (and in such circumstances the continuity of the Executive's employment shall be unbroken) on terms and conditions
which taken as a whole are not less favourable that the terms of this Agreement then the Executive shall have no claim against
the Company in respect of such termination.

 

		17.	RETIREMENT

 

The Company may terminate the Executive’s
employment, on the grounds of retirement, on the Company’s normal retirement age, which for the time being is age 65 years.
This Clause 17 does not affect any statutory right the Executive may have to make a request to continue the employment beyond the
Company's normal retirement age but no agreement pursuant to such statutory right whereby the Executive will work beyond the Company's
normal retirement age will affect the Company's normal retirement age.

 

		18.	EXECUTIVE'S COVENANTS

 

		18.1.	The Executive acknowledges that during the course of his employment with the Company he will receive
and have access to Confidential Information and he will also receive and have access to detailed information relating to the operations
and business requirements of the Company and its Associated Companies and accordingly he is willing to enter into the covenants
described in Clause 18.2, 18.3 and 18.4 in order to provide the Company and its Associated Companies with what he considers to
be reasonable protection for those interests.

 

		18.2.	The Executive hereby covenants with the Company for itself and as trustee for its Associated Companies
that he will not for a period of three months after the Relevant Date (without prior written consent of the Company) either alone
or jointly with or on behalf of any person directly or indirectly carry on or set up or be employed or engaged by or otherwise
assist in or be interested in any capacity (including without limitation as a shareholder) in a business anywhere within the Relevant
Area which is in competition with the part of the business of the Group with which the Executive was involved or of which he had
significant knowledge or in relation to which he held Confidential Information during the 12 months prior to the Relevant Date,
save that the Executive shall not be in breach of this restriction by virtue of him carrying on, setting up or being employed or
engaged by or otherwise assisting in or being interested in any capacity in any business (the "Acquired Business") which
carries on a competing business if the turnover attributable to the competing part of the Acquired Business represents less than
20% of the total turnover attributable to the Acquired Business and the Executive is not employed or engaged in that part of the
Acquired Business which is in competition with the business of the Group.

 

		18.3.	The Executive hereby covenants with the Company for itself and as trustee for its Associated Companies
that he will not for a period of 6 months after the Relevant Date (without the prior written consent of the Company), either alone
or jointly with or on behalf of any person directly or indirectly:

 

    	 	13	 

     

    

 

		18.3.1.	in competition with the business carried on or any new business proposed to be carried on by any
member of the Group with which the Executive was involved during the 12 months prior to the Relevant Date, interfere with or seek
to interfere with the continuations of supplies, that are material to the continuation of the business or proposed business of
any Group member, from any person with whom the Executive has dealt with on behalf of any Group member during the period of 12
months prior to the Relevant Date;

 

		18.3.2.	solicit or entice away or endeavour to solicit or entice away from the Company or any Associated
Company for the purposes of employment or engagement any person who at the Relevant Date is employed or engaged by the Company
or any Associated Company in a senior management capacity and with whom the Executive worked closely during the period of 12 months
prior to the Relevant Date (whether or not such person would commit a breach of his contract of employment by so doing);

 

		18.3.3.	in competition with the business carried on or any new business proposed to be carried on by any
member of the Group, with which the Executive was involved during the 12 months prior to the Relevant Date, solicit or canvass
business from any person, firm or company who, within the period of 12 months prior to the Relevant Date, was a client of the Company
or an Associated Company and with whom the Executive had business dealings on behalf of the Company or any Associated Company during
the period of 12 months prior to the Relevant Date; and

 

		18.3.4.	in competition with the business carried on or any new business proposed to be carried on by any
member of the Group, with which the Executive was involved during the 12 months prior to the Relevant Date, solicit or canvas,
obtain business from or interfere in the Company's or any Associated Company's dealings with any person, firm or company with whom,
within a period of 12 months prior to the Relevant Date, the Executive was negotiating with a view to dealing with them as a client
of the Company or such Associated Company.

 

		18.4.	The Executive hereby covenants with the Company for itself and as trustee for its Associated Companies
that he shall not at any time make use of any corporate or business name, which is identical to or similar with or likely to be
confused with the corporate names and/or business name or names of the Company or of any Associated Company or in any way hold
yourself out as being connected with the Company or any Associated Company.

 

		18.5.	Nothing in this Clause 18 shall prevent the Executive and any person connect with him from being
interested in securities which are for the time being quoted on a recognised investment exchange (as defined by section 207(1)
Financial Services Act 1986) if the Executive's interest (or the interest in any person connected with him) in the securities does
not exceed 3% of the total amount of the securities in issue.

 

    	 	14	 

     

    

 

		18.6.	The Executive hereby agrees that he will at the cost of the Company, enter into a direct agreement
or undertaking with any Associated Company whereby he will accept restrictions and provisions corresponding to the restrictions
and provisions in Clause 18.2, 18.3 and 18.4 above (or such of them as may be appropriate in the circumstances) in relation to
such activities and such area and for such a period not exceeding 6 months as such Associated Company may reasonably require for
the protection of its legitimate business interests.

 

		18.7.	The covenants contained in this Clause 18 each constitute an entirely separate, severable and independent
restriction.

 

		18.8.	For the purposes of this Clause 18:

 

		18.8.1.	"Relevant Date" means the earlier of (a) the date of termination of the Executive's
employment and (b) the date on which the Company exercises its rights to suspend the Executive from his normal duties during his
notice period pursuant to Clause 3.2 above; and

 

		18.8.2.	"Relevant Area" shall mean England, Wales, Scotland, Northern Ireland, Ireland
and such other areas in which the Company or any Associated Company carries on business at the Relevant Date and in or in respect
of which the Executive shall have carried out duties or been engaged or concerned at any time during the period of 12 months prior
to the Relevant Date.

 

		18.9.	The Executive acknowledges that the duration, extent and application of each of the restrictions
in this Clause 18 are no greater than is necessary for the protection of the legitimate business interests of the Company and of
Associated Companies with whom he is involved in the course of his employment and that the restrictions are reasonable in the circumstances.

 

		18.10.	The Executive hereby undertakes that if he receives and accepts any offer of employment or any
other engagement or arrangement made to the Executive by any third party or parties which may give rise to a breach of one or more
of the covenants contained in this Clause 18, he will notify the Company immediately and further undertakes that on receipt of
any such offer but before his acceptance thereof he will immediately inform the third party or parties responsible for the notifiable
offer of the existence of these covenants.

 

		19.	GRIEVANCE AND DISCIPLINARY PROCEDURE

 

Details of the Company's current applicable
procedures are set out in the Company's Grievance and Disciplinary Procedures, which are available from the Group Personnel Director.
These procedures apply to the Executive's employment, but do not form part of his contract of employment.

 

    	 	15	 

     

    

 

		20.	DATA PROTECTION

 

		20.1.	In addition to the specific consent contained in Clause 13.4 relating to the processing of data
concerning the Executive's health, he agrees that by signing and dating this Agreement, he has given consent to the Company processing
personal data concerning the Executive in order to properly fulfil its obligations to him under this Agreement and as otherwise
required by law in relation to the Executive's employment in accordance with the Data Protection Act 1998 (the "DPA").
Such processing will principally be for personnel, administrative and payroll purposes.

 

		20.2.	The Executive accepts and acknowledges that, if he is required at any time to work on behalf of
the Company or an Associated Company overseas, the Company may need to pass his personal data to the person, firm or company with
whom he is working anywhere in the world and the Executive hereby expressly consents to the Company doing so.

 

		20.3.	Without prejudice to the Executive's undertaking in Clause 13.4, in the event that the Company
or any Associated Company needs to process any "sensitive personal data" (as defined by the DPA) in relation to the Executive
for its legitimate business needs, he undertakes to sign on request such express consents as may be required to enable it to do
so.

 

		21.	DIRECTORSHIP

 

The Executive shall not during his employment
voluntarily resign from his office as a director of the Company and he shall not do so or fail to do anything which causes or is
likely to cause him to be prohibited by law from continuing to act as a director.

 

		22.	NOTICES

 

		22.1.	Any notice to be given under this Agreement shall be given in writing and shall be deemed to be
sufficiently served by one party on the other if it is delivered personally or is sent by registered or recorded delivery pre-paid
post addressed to either the Company's registered office for the time being or the Executive's last known address as the case may
be.

 

		22.2.	Any notice sent by post shall be deemed (in the absence of evidence of earlier receipt) to be received
21 days after posting and in proving the time such notice was sent it shall be sufficient to show that the envelope containing
it was property addressed, stamped and posted.

 

		23.	MISCELLANEOUS

 

		23.1.	The Executive hereby confirms that by virtue of entering into this Agreement he will not be in
breach of any express or implied terms of any Court Order, contract or of any other obligation legally binding upon him.

 

		23.2.	Any benefits provided by the Company to the Executive or his family which are not expressly referred
to in this Agreement shall be regarded as ex-gratia benefits provided at the entire discretion of the Company and shall not form
part of the Executive's contract of employment.

 

    	 	16	 

     

    

 

		24.	DEFINITIONS AND INTERPRETATION

 

		24.1.	In this Agreement unless the context otherwise requires words and phrases defined in the Companies
Act 2006 have the same meanings thereby attributed to them and the following expressions have the following meanings:

 

"Associated Company"
means any company which is a holding company or a subsidiary of the Company or a subsidiary of the Company's holding company;

 

"the Board"
means the Board of Directors for the time being of the Company including any duly appointed committee thereof;

 

"Group" or "Group
Company" means the Company and the Associated Companies;

 

"Remuneration Committee"
means the committee of the Board constituted in accordance with the terms of reference adopted by the Company from time to time.

 

		24.2.	References in this Agreement to Clauses are to Clauses in this Agreement.

 

		24.3.	This Agreement contains the entire understanding between the parties and supersedes all (if any)
subsisting agreements, arrangements and understandings (written or oral) relating to the employment of the Executive which such
agreements, arrangements and understandings shall be deemed to have been terminated by mutual consent. The Executive acknowledges
that he has not entered into this Agreement in reliance on any warranty, representation or undertaking which is not contained in
or specifically incorporated in this Agreement.

 

		24.4.	The various Clauses and Sub-Clauses of this Agreement are severable and if any Clause or Sub-Clause
or identifiable part thereof is held to be invalid or unenforceable by any court or competent jurisdiction then such invalidity
or unenforceability shall not affect the validity or enforceability of the remaining Clauses or Sub-Clauses or identifiable parts
thereof in this Agreement.

 

		24.5.	This Agreement is governed by and shall be construed in accordance with English law and the parties
to this Agreement hereby submit to the exclusive jurisdiction of the English Courts.

 

		25.	COUNTERPARTS

 

This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.

 

    	 	17	 

     

    

 

IN WITNESS whereof this Agreement has been
executed as a deed by the parties hereto and is intended to be and is hereby delivered on the date firm above written.

 

	EXECUTED as a deed by	)	 
	INSPIRED GAMING UK LIMITED	)	 
	acting by	)	 
	a director in the presence of	)	/s/ Luke Alvarez

	 	 	Signature of Director
	 	 	 
	 	 	 
	 	 	Signature of Witness
	 	 	 
	 	 	 
	 	 	Name of Witness
	 	 	 
	 	 	 
	 	 	Address of Witness
	 	 	 
	 	 	 
	 	 	 
	 	 	 

  

	SIGNED as a deed by	)	 
	STEVEN HOLMES 	)	 
	/s/ Steven Holmes	)	 
	in the presence of:	)	 
	 	 	 
		 	 
	 	 	 
	 	 	Signature of Witness
	 	 	 
	 	 	 
	 	 	Name of Witness
	 	 	 
	 	 	 
	 	 	Address of Witness
	 	 	 
	 	 	 
	 	 	Witness Occupation

 

    	 	18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00270-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00270-of-00352.parquet"}]]