Document:

Exhibit
10.1

 

EMPLOYEE
SERVICES AGREEMENT

 

This
Employee Services Agreement (this “Agreement”), effective as of September 1, 2021 (the “Effective Date”), is
entered into by and between ViaOne Services, LLC, a Texas limited liability company (“ViaOne”), and Good Gaming, Inc. (“Client”).

 

RECITALS:

 

WHEREAS,
Client is an independent online amateur and professional eSports tournaments operator that provides a safe, friendly, and competitive
environment for all gamers and promotes professional gaming with a healthy vision towards innovation and technology (“Client Business”);
and

 

WHEREAS,
ViaOne is in the business of providing certain outsourced accounting, finance, human resources, marketing, management, administrative,
inventory management and other related services (the “Employee Services”) to third parties; and

 

WHEREAS,
the parties originally entered into an Employee Services Agreement effective March 1, 2017, pursuant to which ViaOne has been providing
Employee Services to Client on a monthly basis, which agreement was amended on January 1, 2018 (the “Original Agreement”)
which shall terminate on August 31, 2021; and

 

WHEREAS,
the parties wish to allow the Original Agreement to expire and to enter into a new a Employee Services Agreement to replace and supersede
the Original Agreement pursuant to and in accordance with the terms and conditions as set forth herein;

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein contained, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, and on the terms and subject to the conditions herein set forth, the parties agree
as follows:

 

1. Engagement
by Client. Client hereby engages ViaOne, and ViaOne hereby accepts such engagement, to serve as Client’s provider of
Employee Services, as defined below. ViaOne shall have all necessary authority to perform, and hereby agrees to perform, the
Employee Services.

 

2. Independent
Contractors. ViaOne intends to act and perform as independent contractor under this Agreement, and the provisions hereof are not
intended to create any partnership, joint venture, agency or employment relationship between the parties. ViaOne shall not exercise
control or direction over the Client Business nor shall it interfere with the business and other relationships Client maintains with
its vendors, customers, employees and others.

 

    	 

    	 

    

 

 

3. Employee
Services. ViaOne shall provide or arrange for the provision to the Client of those certain Employee Services selected by the
Client as set forth on the Service Details attached hereto as Exhibit A. ViaOne is authorized to perform the Employee
Services hereunder as is necessary or appropriate for the efficient provision of such Employee Services to Client and to third
parties to whom ViaOne is providing similar services from time to time. Except as necessary to comply with applicable laws,
regulations or professional standards, Client will not act in a manner which would prevent ViaOne from performing its duties
hereunder and will provide such information and assistance to ViaOne as reasonably required by ViaOne to perform its Employee
Services hereunder. ViaOne shall cause its employees to comply with all applicable federal, state and local laws, rules and
regulations respecting the Employee Services.

 

4. Employees.

 

 a. ViaOne shall employ or retain all individuals who are to be employed or engaged in the provision of the Employee Services (the “Employee Services’ Employees”). The daily work, performance and activities of the Employee Services’ Employees shall be supervised by ViaOne. The Employee Services’ Employees shall be qualified to perform such duties and responsibilities as required by ViaOne and by applicable professional standards and federal, state, and local law, rules and regulations. ViaOne shall pay all wages, compensation, employee benefits, payroll taxes, worker’s compensation insurance premiums, unemployment insurance premiums and other costs of employment incurred in connection with the Employee Services’ Employees (the “Services Employees’ Expenses”).

 

b.
ViaOne also shall employ or retain all individuals who are to be engaged in daily business and operations of the Client Business (the
“Client Business Employees”) and shall hereby provide such Client Business Employees exclusively to the Client to perform
such daily business activities and other services in connection with the Client Business as required by the Client. The daily work, performance
and activities of the Client Business Employees shall be supervised by the Client. The Client Business Employees shall be qualified to
perform such duties and responsibilities as required by the Client any by applicable professional standards and federal, state, and local
law, rule and regulation. Notwithstanding that the Client Business Employees shall be exclusively assigned to and supervised by the Client,
ViaOne shall pay all wages, compensation, employee benefits, payroll taxes, worker’s compensation insurance premiums, unemployment
insurance premiums and other costs of employment incurred in connection with the Client Business Employees (the “Client Business
Employees Expenses”).

 

5.
Services Fee. In exchange for the Employee Services provided by ViaOne, Client shall pay ViaOne a monthly Management Fee as outlined
on the Service Schedule attached hereto as Exhibit A or as otherwise mutually agreed upon by Client and ViaOne from time to time. The
Management Fee shall be invoiced by ViaOne to Client on a monthly basis for Employee Services rendered in the prior month and shall be
payable by Client to ViaOne on or before the fifteenth (15th) day of each month. ViaOne shall have the right to convert its
Monthly Management Fee into Client’s Common Stock on the terms set forth in Exhibit A.

 

    	2

     

    

 

 

6.
Confidential Information. ViaOne and Client acknowledge and agree that any and all Confidential Information, as hereinafter defined,
of either party communicated to, learned of, developed or otherwise acquired by the other party during the term of this Agreement is
and shall remain the property of the disclosing party. ViaOne and Client further acknowledge and agree that their use or disclosure of
the other party’s Confidential Information other than as provided in this Agreement will result in irreparable injury and damage
to such other party. Therefore, ViaOne and the Client agree, during the term of this Agreement and at all times thereafter, to hold in
strictest confidence and not to use for itself or for any other individual or entity, and not to disclose to any person, firm or corporation,
the Confidential Information of the other party without the prior written consent of such other party. Upon termination of this Agreement
for any reason, each party (a) shall cease all use of any of the other party’s Confidential Information, (b) shall execute such
documents as may be reasonably necessary to evidence their abandonment of any claim thereto, and (c) shall will promptly deliver or cause
to be delivered to the other party all documents, data and other information in their possession that contains any of such other party’s
Confidential Information. As used herein, “Confidential Information” means all trade secrets and other confidential and/or
proprietary information of either party, including information derived from reports, investigations, research, work in progress, codes,
marketing and sales programs, billing and collection information, financial projections, cost summaries, pricing formula, contract analyses,
financial information, and all other confidential concepts, methods of doing business, ideas, materials or information. The provisions
of this Section 6 shall survive the termination or expiration of this Agreement.

 

7.
Remedies. The parties acknowledge and agree that a remedy at law for any breach or attempted breach of the provisions of Sections
6 above shall be inadequate, and therefore, each party shall be entitled to injunctive or other equitable relief in the event of any
such breach or attempted breach by the other party in addition to any other rights or remedies available at law or in equity. Each party
waives any requirement for the securing or posting any bond in connection with obtaining any such injunctive or other equitable relief.
The provisions of this Section 7 shall survive the termination or expiration of this Agreement for any reason.

 

8.
Term of Agreement. This Agreement shall commence on the Effective Date and shall continue for a period of one (1) year. Thereafter,
the term of this Agreement shall automatically renew for successive terms of one (1) year each unless either party provides the other
party with at least ninety (90) days advance written notice of its intent to not renew the term of this Agreement. This Agreement may
be modified periodically as agreed upon by mutual agreement.

 

    	3

     

    

 

 

9.
Termination. Either party may terminate this Agreement with or without cause upon ninety (90) days advance written notice to the
other party. In addition, one party may terminate this Agreement immediately upon written notice to the other party (after the giving
of any required notices and the expiration of any applicable waiting periods set forth below) upon the occurrence of any the following
events.

 

 a. The non-terminating party shall admit in writing its inability to generally pay its debts when due, apply for or consent to the appointment of a receiver, trustee or liquidator of all or substantially all of its assets, file a petition in bankruptcy or make an assignment for the benefit of creditors, or upon other action taken or suffered by the non-terminating party, voluntarily or involuntarily, under any federal or state law for the benefit of creditors, except for the filing of a petition in involuntary bankruptcy against the non-terminating party which is dismissed within ninety (90) days thereafter; or

 

b.
The non-terminating party shall default in the performance of any material duty or material obligation imposed upon it by this Agreement
and such default shall continue for a period of thirty (30) days after written notice thereof has been given to the non-terminating party
by the terminating party.

 

10.
Assignment. Neither party shall have the right to assign this Agreement or any of its rights or obligations hereunder without
the prior written consent of the other party.

 

11.
Amendments. This Agreement shall not be modified or amended except by a written document executed by all parties to this Agreement.

 

12.
Waiver. Any waiver of any terms and conditions hereof must be in writing, and signed by the parties hereto. The waiver of any
of the terms and conditions of this Agreement shall not be construed as a waiver of any other terms and conditions hereof.

 

13.
Entire Agreement. This Agreement constitutes the entire agreement of the parties regarding the subject matter hereof, and supersedes
all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

 

14.
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws
effective during the term hereof, such provision shall be fully severable and this Agreement shall be construed and enforced as if such
illegal, invalid or unenforceable provision never comprised a part hereof; and the remaining provisions hereof shall remain in full force
and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance therefrom.

 

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15.
Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH THE SUBSTANTIVE LAWS (BUT NOT THE RULE GOVERNING CONFLICTS OF LAWS) OF THE STATE OF TEXAS.

 

16.
No Waiver; Remedies Cumulative. No party hereto shall by any act, delay, indulgence, omission or otherwise be deemed to have waived
any right or remedy hereunder or to have acquiesced in any default in or breach of any of the terms and conditions hereof. Neither failure
to exercise, nor any delay in exercising, on the part of any party hereto, any right, power or privilege hereunder shall operate as a
waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. No remedy set forth in this Agreement or otherwise conferred upon or
reserved to any party shall be considered exclusive of any other remedy available to any party, but the same shall be distinct, separate
and cumulative and may be exercised from time to time as often as occasion may arise or as may be deemed expedient.

 

17.
Notice. Whenever this Agreement requires or permits any notice, request, or demand from one party to another, the notice, request,
or demand must be in writing to be effective and shall be deemed to be delivered and received (i) if personally delivered or if delivered
by telex, telegram, facsimile or courier service, when actually received by the party to whom notice is sent or (ii) if delivered by
mail (whether actually received or not), at the close of business on the third business day next following the day when placed in the
mail, postage prepaid, certified or registered, addressed to the appropriate party or parties, at the address of such party set forth
next to their signatures below (or at such other address as such party may designate by written notice to all other parties in accordance
herewith).

 

18.
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument.

 

    	5

     

    

 

 

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

 

	Notice
    Addresses:
	 	 	 
	ViaOne:
    	ViaOne Services, LLC
	 	 	 
	415
    McFarlan Road, Suite 108	By:	/s/
    Domenic Fontana
	Kennett
    Square, PA 19348	Name:	Domenic
    Fontana
	 	Title:	SVP,
    Finance
	 	Date:	 
	 	 	 
	Client:	 	
	 	Good Gaming, Inc.
		 	 
	415
    McFarlan Road, Suite 108	By:	/s/
    David B. Dorwart
	Kennett
    Square, PA 19348	Name:	David
    B. Dorwart
	 	Title:	CEO
	 	Date:	 

 

    	6

     

    

 

Exhibit
A - Service Schedule

 

Employee
Services Agreement Costs:

 

Services
to include:

 

		1.	HR/Payroll
                                            Services

 

		2.	Marketing
                                            & Advertising

 

		3.	Accounting/Finance

 

The
Monthly Management Fee due and payable to ViaOne is $42,000 per month which upon ViaOne’s written notice (“Conversion Notice”),
may be payable, in part or in full, by shares of Client’s Common Stock at the Conversion Rate as defined below.

 

The
Conversion Rate= Conversion Amount x Conversion Premium

 

Conversion
Price

 

“Conversion
Amount” means, with respect to the Management Fee, the dollar amount of the aggregate Management Fee that is being converted into
shares of the Client’s Common Stock.

 

“Conversion
Premium” means One Hundred Twenty-Five Percent (125%).

 

“Conversion
Price” means, with respect to Management Fee, eighty-five percent (100%) of the volume weighted average price (“VWAP”)
for the five (5) trading days immediately prior to the date of the notice of conversion, which price shall be indicated in the conversion
notice (in the form attached hereto as Exhibit B, the “Conversion Notice”)

 

    	7

     

    

 

 

Exhibit
A - Service Details

 

Accounting/Finance
Detail Description:

 

Financial
Services

 

	 	●	Create
    a QuickBooks company file to house this information which is the property of the company
	 	●	Reconcile
    Bank Account(s) Activity monthly
	 	●	Crypto
    Account Balance Management and reconciliation
	 	●	Accounts
    Payable processing
	 	●	Payroll
    services will be paid appropriately at $1000/month plus the cost of a payroll provider like ADP and their respective reporting services
    and costs. Our fee is strictly for the processing of payroll.
	 	●	Payroll
    processing will not include annual 1099 reporting which will be an extra charge at year-end.
	 	●	Budgeting
    will be prepared annually and presented to management.
	 	●	A
    budgeting best view will be updated quarterly and provided/presented to management.
	 	●	This
    agreement does not include any tax reporting and/or preparation services.
	 	●	Assistance
    with Financial Statement audits will be provided on an ongoing basis as Via One will be the provider of data. Any non-Financial Statement
    audit work will be billed separately.
	 	●	Preparation
    of all public financial reporting requirements 10k, 10Q and any other reports as required by law.

 

Financial
Reporting

 

	 	●	Balance
    Sheet with all balance sheet accounts reconciled quarterly.
	 	●	Income
    Statement prepared monthly and in accordance with GAAP.
	 	●	Statement
    of Cash Flows (Printed by QuickBooks) monthly or as needed.
	 	●	Cashflow
    Forecasting updated weekly and always a minimum of 90 days forecasted out (90 days of current month-end) - This will be prepared
    via a shared document.

 

Monthly
Financial Statements

 

	 	●	Balance
    Sheet as of Month End
	 	●	MTD,
    QTD & YTD Income Statement
	 	●	MTD,
    QTD & YTD Statement of Cash Flows

 

    	8

     

    

 

 

Year
End Financial Services

 

	 	●	YTD
    Balance Sheet
	 	●	YTD
    Income Statement
	 	●	YTD
    Statement of Owner’s Equity
	 	●	YTD
    Statement of Cash Flows

 

Marketing
& Advertising Detail Description:

 

Customer
Acquisition

 

	 	●	Online
    Acquisition Strategy Development
	 	●	Web
    Development & Design
	 	●	Social
    Media Management
	 	●	Content
    Writing
	 	●	Prospecting
    & List Services Research
	 	●	Automated
    Email & SMS Strategy
	 	●	Product
    Development Strategy
	 	●	Consumer
    Research & Study Groups
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Strategy
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Execution
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Analytics & Optimization
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing Budget Development & Maintenance
	 	●	SEM/PPC/Display/Video/Social
    Paid Marketing KPI Development Customer

 

Retention

 

	 	●	Overall
    Retention Strategy & Execution
	 	●	Automated
    Email & SMS Messaging Strategy
	 	●	Billing
    & Payment Strategies
	 	●	Retention
    Promotion Strategies
	 	●	Customer
    Exit Interviews & Surveys 

 

    	9

     

    

 

 

General
Marketing Services

 

	 	●	Ad
    Image/Voice Consistency & Standardization
	 	●	Consumer
    Targeting & Demographics
	 	●	Ad
    Related Graphic Design
	 	●	Ad
    Related Copywriting
	 	●	Ad
    & Web Analytics
	 	●	Partner
    / Vendor Management and Recruiting
	 	●	Partner
    & Affiliate Marketing Strategies
	 	●	Weekly
    Team Meeting
	 	●	Weekly
    1:1
	 	●	Monthly
    board meeting preparations/updates 
	 	 	 

Does
NOT Include:

 

	 	○	Royalty
    Free or Royalty Artwork/Graphics (Shutterstock, iStock, etc.)
	 	○	Production
    Costs
	 	○	Collateral
    Costs
	 	○	Advertising
    Costs
	 	○	PPC
    / SEM Costs
	 	○	Postage
	 	○	Third
    Party Supportive Software (surveys, analytics, etc.)
	 	○	Any
    other fees above and beyond hours described to perform the tasks above
	 	○	Projects
    outside the scope described above will be quoted separately

 

    	10Exhibit
10.2

 

REVOLVING
CONVERTIBLE PROMISSORY NOTE

(Revolving
Note)

 

	$1,000,000.00	September
    30, 2021

 

1. Promise
to Pay. At the times stated in this Note, for value received, Good Gaming, Inc., a Nevada corporation duly organized
and existing under the laws of the State of Nevada (“Borrower”), promises to pay to ViaOne
Services, LLC, a Texas limited liability Borrower (“Lender”) the principal sum of up to One Million
and 00/100 Dollars ($1,000,000.00) (the “Maximum Amount”) or such lesser amount as may be advanced by Lender under
the below-defined Revolving Loan Agreement, with interest, from the date of initial disbursement of all or any part of the principal
of this Note, on the unpaid principal at the interest rate or interest rates provided for in this Note.

 

2. Interest
Rate; Payment of Principal and Interest.

 

 2.1 Certain Definitions. For purposes of this Note, the following terms shall have the following definitions:

 

		(a)	Expiration
                                            Date. Expiration Date means the earlier of (i) on demand or (ii) the date that is three
                                            (3) years from the Original Issue Date.

 

(b) Note
Rate. This note will be subject to a simple interest rate of 8% per annum.

 

(c)
Original Issue Date. The date that this Note was issued to the Borrower hereunder.

 

(d) Payment
Date. The third anniversary of the Original Issue Date.

 

 2.2 Interest. Interest shall accrue at a rate equal to the Note Rate, subject always to Section 5 below.

 

2.3 Grant
of Security Interest. Payment of all obligations under this Note is secured by a security interest granted to the
Lender by the Borrower in all of the right, title and interest of the Borrower in, whether now existing or hereafter from time to
time acquired, all of the assets of the Borrower currently owned or acquired hereafter, including, but not limited to all
(i) accounts, (ii) chattel paper, (iii) documents, (iv) equipment, (v) general intangibles,
(vi) goods, (vii) instruments, (viii) insurance policies covering any or all of the Collateral, (ix) inventory,
(x) investment property and issued and outstanding equity interests (including shares of capital stock and interests in any
general partnership, limited partnership, limited liability partnership and limited liability company) that are directly owned by
the Borrower, (xi) letter of credit rights, (xii) money, (xiii) rights to payment, (xiv) commercial tort claims,
(xv) to the extent not otherwise included above, all other personal property of any kind and all books, records, ledger cards,
files, correspondence, customer lists, supplier lists, blueprints, technical specifications, manuals, computer software and related
documentation, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar
items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in
the collection thereof or realization thereupon, and to the extent not otherwise included above, (xvi) all proceeds, products,
accessions, rents and profits of or in respect of any of the foregoing, in each case as defined in the Uniform Commercial Code
(collectively, the “Collateral”). Notwithstanding the foregoing, the Collateral does not include any of
the following, whether now owned or hereafter acquired by the Borrower: any copyright rights, copyright applications, copyright
registrations and like protections in each work of authorship and derivative work, whether published or unpublished, any patents,
patent applications and like protections, including improvements, divisions, continuations, renewals, reissues, extensions, and
continuations-in-part of the same, trademarks, service marks and, to the extent permitted under applicable law, any applications
therefor, whether registered or not, and the goodwill of the business of the Borrower connected with and symbolized thereby,
know-how, operating manuals, trade secret rights, rights to unpatented inventions, and any claims for damage by way of any past,
present or future infringement of any of the foregoing; provided, however, the Collateral shall include all Accounts, license and
royalty fees and other revenues, proceeds, or income arising out of or relating to any of the foregoing (“Borrower
Intellectual Property”).

 

    	1

     

    

 

2.4 Payments. Principal
and interest shall be due and payable as follows:

 

(a) Payment
on Expiration Date; Payment in Full. The entire unpaid principal balance of this Note and all accrued and unpaid interest
thereon shall be due and payable on the Expiration Date or the date of any earlier acceleration of this Note. In any event, interest
shall be paid on the date of payment in full of principal of this Note if no further advances of the Revolving Loan may be made
under the Revolving Loan Agreement.

 

(b) Advances.
The Borrower may request advances of principal (each, an “Advance”) under this Note as provided herein.
Borrower may be entitled to make requests for Advances hereunder in an aggregate principal amount not to exceed the Maximum Amount
of this Note made by Borrower contemporaneously with this Note and held by the Lender, by delivering to the Lender at least [5]
business days in advance of the requested funding date a written request (an “Advance Request
Certificate”) substantially in the form of Exhibit A hereto. The Lender is authorized to, and so long as it holds this
Note shall, record the date and amount of each Advance made by the Lender on the schedule annexed hereto and consisting a part
hereof, and any such recordation shall constitute prima facie evidence of the accuracy of the information recorded, provided that
failure of the Lender to make such recordation (or any error in recordation) shall not affect the obligations of the Borrower under
this Note.

 

2. Interest
Computation. All payments under this Note shall be made in immediately available funds and shall be credited (except as
otherwise provided in the Revolving Loan Agreement) first to accrued interest then due, thereafter to unpaid principal, and then to
other charges, fees, costs, and expenses payable by Borrower under this Note or in connection with any advances of the Revolving
Loan in such order and amounts as Lender may determine in its sole and absolute discretion. If any payment of interest is not made
when due, at the option of Lender, such interest payment shall bear interest at the below-described Default Rate from and after the
due date of the interest payment. Principal and interest shall be payable only in lawful money of the United States of America. The
receipt of any check or other item of payment (a “Payable Item”) by Lender, at its option, shall not be
considered a payment until such payment item is honored when presented for payment at the drawee bank or institution, and Lender, at
its option, may delay the credit of such payment until such payment item is so honored. Notwithstanding anything to the contrary
contained in this Note, interest at the rates provided for in this Note shall be computed on the basis of a three hundred sixty
(360) day year for the actual number of days during which any principal of this Note is outstanding. Borrower acknowledges and
agrees that the calculation of interest on the basis described in the immediately preceding sentence may result in the accrual and
payment of interest in amounts greater than those which would be payable if interest were calculated on the basis of a three hundred
sixty-five (365) day year.

 

3.
Optional Prepayment. Borrower may prepay this Note in whole or in part at any time, without premium or penalty. Amounts
so prepaid are available for re-borrowing.

 

4. After
Maturity/Default Rate of Interest. From the earlier of (a) the occurrence of an Event of Default and during the continuance
thereof (whether or not Lender has elected to accelerate unpaid principal and interest under this Note as a result of such Event of
Default) after any required notice has been given and applicable period for cure has expired or (b) the maturity of this Note
(whether the Expiration Date or the maturity date resulting from Lender’s acceleration of unpaid principal and interest) and
thereafter until payment in full, interest on the unpaid principal balance of this Note shall continue to accrue at the Note Rate
until this Note has been paid in full.

 

    	2

     

    

 

5.
Conversion. This Note (and any unpaid interest or liquidated damages amount) may be converted into shares of the Borrower’s
common stock, par value $0.001 per share, at a conversion price of eighty-five percent (80%) of the volume weighted average price (“VWAP”)
for the five (5) trading days immediately prior to the date of the notice of conversion, which price shall be indicated in the conversion
notice (in the form attached hereto as Exhibit B, the “Conversion Notice”).

 

6.
Commitment Warrants. In consideration for the Lender’s commitments and agreements herein with respect to the Note, the
Borrower shall issue to the Lender warrants (the “Warrants”) to purchase One Million (1,000,000) shares of
Common Stock at an exercise price equal to a twenty percent (20%) premium of the closing bid price on the date prior to the execution
of this Note, and expiring within five (5) years of the issuance thereof.

 

7. Late
Charge. If any payment of interest, principal, or both principal and interest under this Note is not paid in full within ten
(10) days after the date on which it is due, Borrower shall immediately pay a late charge equal to 10 percent (10%) of the amount
due to Lender. Borrower agrees that the actual damages suffered by Lender because of any late payment are extremely difficult and
impracticable to ascertain, and the late charge described in this Section represents a reasonable attempt to fix such damages under
the circumstances existing at the time this Note is executed. Lender’s acceptance of any late charge shall not constitute a
waiver of any of the terms of this Note and shall not affect Lender’s right to enforce any of its rights and remedies against
any Person liable for payment of this Note.

 

8. Waivers.
Borrower and all sureties, guarantors, endorsers and other Persons liable for payment of this Note (a) waive presentment,
demand for payment, protest, notice of demand, dishonor, protest and nonpayment, and all other notices and demands in connection
with the delivery, acceptance, performance, default under, and enforcement of this Note; (b) waive the right to assert any
statute of limitations as a defense to the enforcement of this Note to the fullest extent permitted by law; (c) consent to all
extensions and renewals of the time of payment of this Note and to all modifications of this Note by Lender and Borrower without
notice to and without in any way affecting the liability of any Person for payment of this Note; and (d) consent to any
forbearance by Lender and to the release, addition, and substitution of any Person liable for payment of this Note and of any or all
of the security for this Note without notice to and without in any way affecting the liability of any Person for payment of this
Note.

 

9.
Default. The occurrence of any of the following events shall constitute an “Event of Default”: (a) the failure
of Borrower to pay all or any portion of the principal and interest due and payable under this Note and such failure continues for five
(5) business days after the Lender notifies Borrower in writing of such failure; (b) the filing against Borrower of an involuntary petition
or other pleading seeking the entry of a decree or order for relief under the United States Bankruptcy Code or any similar federal or
state insolvency or other similar law ordering: (a) the liquidation of Borrower, (b) a reorganization of Borrower or the business and
affairs of Borrower, or (c) the appointment of a receiver, liquidator, assignee, custodian, trustee or similar official for Borrower
or the property of Borrower, and the failure to have such petition or other pleading denied or dismissed within thirty (30) days from
the date of filing; (c) the commencement by Borrower of a voluntary case under the United States Bankruptcy Code or any similar federal
or state insolvency or other similar law, (a) the consent by Borrower to the appointment or taking possession by a receiver, liquidator,
assignee, trustee, custodian or similar official for Borrower or any of the property of Borrower, or (b) the making by Borrower of an
assignment for the benefit of creditors and (d) the breach of any term of any of the Note by the Borrower.              Lender, at its option and
without notice to or demand on Borrower or any other Person, may terminate any or all obligations which it may have to extend further
credit to Borrower and may declare the entire unpaid principal balance of this Note and all accrued interest thereon to be immediately
due and payable upon the occurrence of any Event of Default as defined in the Revolving Loan Agreement.

 

10.
Application of Payments. Upon the occurrence of any Event of Default, Lender, at its option, shall have the right to
apply all payments made under this Note to principal, interest, and other charges, fees, costs and expenses payable by Borrower under
this Note or in connection with any advance of the Revolving Loan in such order and amounts as Lender may determine in its sole and absolute
discretion.

 

    	3

     

    

 

11.
Modifications; Cumulative Remedies; Loss of Note; Time of Essence. No modification or waiver by Borrower of any of the terms
of this Note shall be valid or binding on Lender unless such modification or waiver is in writing and signed by Lender. Lender’s
rights and remedies under this Note are cumulative with and in addition to all other legal and equitable rights and remedies which Lender
may have in connection with the Revolving Loan. The headings to sections of this Note are for convenient reference only and shall not
be used in interpreting this Note. If this Note is lost, stolen, or destroyed, upon Borrower’s receipt of a reasonably satisfactory
indemnification agreement executed by Lender, or if this Note is mutilated, upon Lender’s surrender of the mutilated Note to Borrower,
Borrower shall execute and deliver to Lender a new promissory note which is identical in form and content to this Note to replace the
lost, stolen, destroyed or mutilated Note. Time is of the essence in the performance of each provision of this Note by Borrower.

 

12.
Attorneys’ Fees. If Borrower defaults under any of the terms of this Note, Borrower shall pay all costs and expenses,
including without limitation reasonable attorneys’ fees and costs, incurred by Lender in enforcing this Note immediately upon Lender’s
demand, whether or not any action or proceeding is commenced by Lender.

 

13.
Applicable Law; Successors. This Note shall be governed by and interpreted in accordance with the laws of the State of Nevada.
This Note shall be the joint and several obligation of all Persons executing this Note as Borrower and all sureties, guarantors, and
endorsers of this Note, and this Note shall be binding upon each of such Persons and their respective successors and assigns. This Note
shall inure to the benefit of Lender and its successors and assigns. Venue for any proceedings hereunder shall be as provided in the
Revolving Loan Agreement.

 

14.
Security. This Note is secured as provided by the security interest pursuant to Section 2.3 herein.

 

    	4

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Secured Convertible Promissory Note as of the day and year first written above.

 

	 	GOOD
    GAMING, INC.
	 	 	 
	 	By:	/s/
    Domenic Fontana
	 	Name:
    	Domenic
    Fontana
	 	Title:
    	Treasurer

 

AGREED
TO AND ACCEPTED:

 

VIAONE
SERVICES, LLC

 

	By:	/s/
    David B. Dorwart 	 
	Name:	 David
    B. Dorwart	 
	Title:
    	Chairman
    and CEO	 

 

    	5

     

    

 

Schedule
A

 

Schedule
of Advances

 

	Date	 	Amount
    of Advance	 	Principal
    Balance
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	6

     

    

 

Exhibit
A

 

Advance
Request Certificate

 

Revolving
Convertible Promissory Note

 

Pursuant
to the terms of the Revolving Convertible Promissory Note (the “Note”) dated as of [_______________, 2021] between
Good Gaming, Inc. (the “Borrower”) and ViaOne Services, LLC (the “Holder”), the undersigned hereby requests
that the Holder advance funds as follows:

 

Amount
of Advance: $_________________

 

Date
of Advance: _________________

 

Deposit
account to be credited: ________________________

 

To
the Note: $__________________________

 

Capitalized
terms used herein and not otherwise defined shall have the meanings therein defined in the Note.

 

To
induce the Holder to make the requested Advance the undersigned certifies as follows:

 

1.
The undersigned is in compliance with all of the terms, covenants and conditions of the Note.

 

2.
No Event of Default under the Note has occurred which has not been waived in writing by the Holder.

 

Good
Gaming, Inc.

 

	By:	 	 
	Name:	 	 
	Title:	 	 

 

    	7

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