Document:

Exhibit 10.1

 

AMENDMENT TO

SECURITIES PURCHASE AGREEMENTS

 

This Amendment to Securities Purchase Agreements
(this “Amendment”) is dated as of April 6, 2022, between Gaming Technologies, Inc. (f.k.a. Dito, Inc.), a Delaware
corporation (the “Company”), and _________________________ (the “Purchaser”).

 

WHEREAS, the Company and the Purchaser
entered into (a) a Securities Purchase Agreement dated as of December 1, 2020 (the “2020 SPA”), and (b) a Securities Purchase
Agreement dated as of February 3, 2021 (the “2021 SPA” and together with the 2020 SPA, the “SPAs”), each relating
to the purchase by the Purchaser of shares of the Company’s Common Stock (as defined therein) in the amounts and on the terms and
conditions provided therein and in the other Transaction Documents (as defined therein); and

 

WHEREAS, as of the date of this Amendment
the Company and the Purchaser are entering into (a) a Loan and Security Agreement and (b) a Promissory Note, pursuant to which the Purchaser
will make certain loans to the Company on the terms and conditions provided therein; and

 

WHEREAS, the Company and the Purchaser
desire to make certain amendments to each of the SPAs and to make certain other agreements as provided herein;

 

NOW, THEREFORE, in consideration of the
foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the
Purchaser agree as follows:

 

1.  A
new Section 4.14 is hereby added to the 2020 SPA to read as follows:

 

4.14        Adjustment
Due to Price Based Dilution. If, at any time until the earlier of (a) October 6, 2022, (b) the day after the date on which the Company
completes an underwritten public offing of shares of Common Stock, the Company issues or sells shares of Common Stock or Common Stock
Equivalents other than an Exempt Issuance, for no consideration or for a consideration per share (before deduction of reasonable expenses
or commissions or underwriting discounts or allowances in connection therewith) (the “Dilutive Issuance Price”) less than
the Per Share Purchase Price (a “Dilutive Issuance”), then immediately upon the Dilutive Issuance, the Company will deliver
to the Purchaser that number of restricted shares of Common Stock equal to the difference between the number of Shares purchased by the
Purchaser pursuant to this Agreement and the number of shares of Common Stock the Purchaser would have received for the Purchaser’s
Subscription Amount at the Dilutive Issuance Price. By way of example only, if the Purchaser purchased 600,000 shares at $2.50 per share
and the Company subsequently issued shares of Common Stock (other than in an Exempt Issuance) at $1.25 per share, then the Company would
deliver to the Purchaser an additional 1,000,000 shares of Common Stock, without restrictive legend. “Exempt Issuance”
means the issuance of (a) shares of Common Stock or options or other equity awards to employees, officers or directors of the Company
pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of Directors
or a majority of the members of a committee of non-employee directors established for such purpose for services rendered to the Company,
(b) securities upon the exercise or exchange of or conversion of any securities exercisable or exchangeable for or convertible into shares
of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been amended since the date
of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of
such securities (other than in connection with stock splits or combinations) or to extend the term of such securities, (c) shares of
Common Stock or Common Stock Equivalents issued directly to vendors or suppliers of the Company in satisfaction of amounts owed to such
vendors or suppliers (provided, however, that such vendors or suppliers shall represent that they do not have an arrangement to transfer,
sell or assign such securities prior to the issuance of such securities) and (d) securities issued pursuant to acquisitions or strategic
transactions approved by a majority of the disinterested directors of the Company, provided that such securities are issued as “restricted
securities” (as defined in Rule 144) and carry no registration rights that require or permit the filing of any registration statement
in connection therewith during the period set forth in the first sentence of this Section), and provided that any such issuance shall
only be to a Person (or to the equityholders of a Person) which is, itself or through its subsidiaries, an operating company or an owner
of an asset in a business synergistic with the business of the Company and shall provide to the Company additional benefits in addition
to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose
of raising capital or to an entity whose primary business is investing in securities.

 

	 	2.	Section 4.14 of each of the 2021 SPA is hereby amended to delete the words
  “during the 12 months following the sale of the Shares” in the first sentence and substituting therefor the words “until
  the earlier of (a) October 6, 2022, (b) the day after the date on which the Company completes an underwritten public offing of shares
  of Common Stock.”
	 	 	 
	 	3.	The Purchaser agrees to execute a lock-up or market standoff agreement covering
  the securities of the Company held or acquired by the Purchaser with the underwriter(s) of the Company’s first underwritten public
  offing of shares of its common stock (a “UPO”) after the date of this Amendment, in customary form reasonably acceptable
  to the underwriter(s), for a term specified by the underwriter(s), not to exceed 180 days after the closing of the UPO,
	 	 	 
	 	4.	All questions concerning the construction, validity, enforcement and interpretation
  of this Amendments shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without
  regard to the principles of conflicts of law thereof.
	 	 	 
	 	5.	This Amendment may be executed in two or more counterparts, all of which
  when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by
  each party and delivered to each other party, it being understood that the parties need not sign the same counterpart. In the event
  that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature
  shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force
  and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to be duly executed by their respective authorized signatories as of the date first indicated above.

 

	
    GAMING TECHNOLOGIES, INC.

     

     

    By: __________________________

    Name:

    Title:
	
    [PURCHASER]

     

     

    By: _____________________________

    Name:

    Title:Exhibit 10.2

 

NOTWITHSTANDING ANYTHING IN THIS NOTE TO
THE CONTRARY, THIS NOTE AND THE RIGHTS OF THE NOTEHOLDER HEREUNDER ARE SUBJECT TO, AND ARE MODIFIED TO THE EXTENT PROVIDED IN, THE SUBORDINATION
AGREEMENT OF EVEN DATE HEREWITH AMONG THE BORROWER, THE NOTEHOLDER AND PURITAN PARTNERS LLC.

 

10% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE

 

	$277,777.78	
    Las Vegas, Nevada

    April 7, 2022

 

FOR VALUE RECEIVED, Gaming Technologies, Inc.,
a Delaware corporation (the “Borrower”) hereby unconditionally promises to pay to the order of ______________________
(the “Noteholder”) the principal amount of TWO HUNDRED SEVENTY-SEVEN THOUSAND SEVEN HUNDRED SEVENTY-SEVEN AND 78/100
DOLLARS ($277,777.78) (the “Loan”), together with all accrued interest thereon, as provided in this Promissory Note
(this “Note”). This Note is being issued with an original issue discount of 10% (proceeds of the Loan to the Borrower
are $250,000.00).

 

	 	1.	Payment
Dates.

 

(a)             
Payment Date. The aggregate unpaid principal amount of the Loan, all accrued and unpaid interest, and all other amounts
payable under this Note shall be due and payable on the earlier of (i) April 7, 2023, or (ii) the closing of a Qualified Offering, subject
to earlier pre-payment as provided below.

 

(b)             
“Qualified Offering” means an (i) equity or equity-linked financing by the Borrower or any of its subsidiaries in which
shares of common stock, or securities, directly or indirectly, convertible into or exchangeable or exercisable for shares of common stock
are issued or (ii) debt financing (not otherwise covered in clause (i), ion either case which financing results in cumulative aggregate
proceeds to the Borrower of at least $8,000,000.

 

(c)             
Optional Prepayment. The Borrower may prepay the Loan in whole or in part at any time or from time to time without penalty
or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

 

	 	2.	Interest.

 

(a)             
Interest Rate. Except as provided in Section 2(b), principal amounts outstanding under this Note shall bear interest
at a rate per annum (the “Interest Rate”) equal to ten percent (10.0%).

 

(b)             
Default Interest. If any amount payable hereunder is not paid when due (without regard to any applicable grace period),
whether at stated maturity, by acceleration, or otherwise, such overdue amount shall bear interest at the Interest Rate plus two percent
(2.0%) (the “Default Rate”).

 

(c)             
Computation of Interest. All computations of interest hereunder shall be made on the basis of a year of 360 days, and the
actual number of days elapsed. Interest shall begin to accrue on the Loan on the date of this Note. On any portion of the Loan that is
repaid, interest shall not accrue on the date on which such payment is made.

 

(a)             
Interest Rate Limitation. If at any time the interest rate payable on the Loan shall exceed the maximum rate of interest
permitted under applicable law, such interest rate shall be reduced automatically to the maximum rate permitted.

 

	 	3.	Payment
Mechanics.

 

(a)             
Manner of Payment. All payments of principal and interest shall be made in US dollars no later than 4:00 PM Las Vegas
time on the date on which such payment is due. Such payments shall be made by cashier’s check, certified check or wire transfer
of immediately available funds to the Noteholder’s account at a bank specified by the Noteholder in writing to the Borrower from
time to time.

 

(b)             
Application of Payments. All payments shall be applied, first, to fees or charges outstanding under this Note, second,
to accrued interest, and, third, to principal outstanding under this Note.

 

 

 

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(c)             
Business Day. Whenever any payment hereunder is due on a day that is not a Business Day, such payment shall be made on the
next succeeding Business Day, and interest shall be calculated to include such extension. “Business Day” means a day
other than Saturday, Sunday, or other day on which commercial banks in Las Vegas, Nevada, are authorized or required by law to close.

 

(d)             
Evidence of Debt. The Borrower authorizes the Noteholder to record on the grid attached as Exhibit A the date and
amount of each payment or prepayment of the Loan. No failure to make any such record, nor any errors in making any such records, shall
affect the validity of the Borrower’s obligation to repay the unpaid principal of the Loan with interest in accordance with the
terms of this Note.

 

	 	4.	Representations
and Warranties. The Borrower represents and warrants to the Noteholder as follows:

 

(a)             
Existence. The Borrower is a corporation duly incorporated, validly existing, and in good standing under the laws of the
state of its organization. The Borrower has the requisite power and authority to own, lease, and operate its property, and to carry on
its business.

 

(b)             
Compliance with Law. The Borrower is in compliance with all laws, statutes, ordinances, rules, and regulations applicable
to or binding on the Borrower, its property, and business.

 

(c)             
Power and Authority. The Borrower has the requisite power and authority to execute, deliver, and perform its obligations
under this Note.

 

(d)             
Authorization; Execution and Delivery. The execution and delivery of this Note by the Borrower and the performance of its
obligations hereunder have been duly authorized by all necessary corporate action in accordance with applicable law. The Borrower has
duly executed and delivered this Note.

 

	 	5.	Events
of Default. The occurrence and continuance of any of the following shall constitute an “Event of Default”
hereunder:

 

(a)             
Failure to Pay. The Borrower fails to pay (i) any principal amount of the Loan when due; (ii) any interest on
the Loan within ten (10) days after the date such amount is due; or (iii) any other amount due hereunder within fifteen (15) days
after such amount is due.

 

(b)             
Breach of Representations and Warranties. Any representation or warranty made by the Borrower to the Noteholder herein contains
an untrue or misleading statement of a material fact as of the date made; provided, however, no Event of Default shall be
deemed to have occurred pursuant to this Section 5(b) if, within thirty (30) days
after the date on which the Borrower receives notice (from any source) of such untrue or misleading statement, Borrower shall have addressed
the adverse effects of such untrue or misleading statement to the reasonable satisfaction of the Noteholder.

 

(c)             
Bankruptcy; Insolvency.

 

(i)              
The Borrower institutes a voluntary case seeking relief under any law relating to bankruptcy, insolvency, reorganization, or other
relief for debtors.

 

(ii)             
An involuntary case is commenced seeking the liquidation or reorganization of the Borrower under any law relating to bankruptcy
or insolvency, and such case is not dismissed or vacated within sixty (60) days after its filing.

 

(iii)           
The Borrower makes a general assignment for the benefit of its creditors.

 

(iv)           
The Borrower is unable, or admits in writing its inability, to pay its debts as they become due.

 

(v)             
A case is commenced against the Borrower or its assets seeking attachment, execution, or similar process against all or a substantial
part of its assets, and such case is not dismissed or vacated within sixty (60) days after its filing.

 

 

 

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(d)             
Failure to Give Notice. The Borrower fails to give the
notice of Event of Default specified in Section 6.

 

6.               
Notice of Event of Default. As
soon as possible after it becomes aware that an Event of Default has occurred, and in any event within two (2) Business Days, the
Borrower shall notify the Noteholder in writing of the nature and extent of such Event of Default and the action, if any, it has taken
or proposes to take with respect to such Event of Default.

 

7.               
Remedies. Upon the occurrence
and during the continuance of an Event of Default, the Noteholder may, at its option, by written notice to the Borrower declare the outstanding
principal amount of the Loan, accrued and unpaid interest thereon, and all other amounts payable hereunder immediately due and payable;
provided, however, if an Event of Default described in Sections 5(c)(i), 5(c)(iii), or 5(c)(iv) shall occur, the outstanding
principal amount, accrued and unpaid interest, and all other amounts payable hereunder shall become immediately due and payable without
notice, declaration, or other act on the part of the Noteholder.

 

8.               
Expenses. The Borrower shall
reimburse the Noteholder on demand for all reasonable and documented out-of-pocket costs, expenses, and fees, including the reasonable
fees and expenses of counsel, incurred by the Noteholder in connection with the enforcement of the Noteholder’s rights hereunder.

 

9.               
Notices. All notices and other
communications relating to this Note shall be in writing and shall be deemed given upon the first to occur of (x) deposit with the United
States Postal Service or overnight courier service, properly addressed and postage prepaid; (y) transmittal by facsimile or e-mail
properly addressed (with written acknowledgment from the intended recipient such as “return receipt requested” function,
return e-mail, or other written acknowledgment); or (z) actual receipt by an employee or agent of the other party. Notices hereunder
shall be sent to the following addresses, or to such other address as such party shall specify in writing:

 

	 	(a)	If to the Borrower:
	 	 	 
	 	 	Gaming Technologies, Inc.

Two Summerlin

Las Vegas, NV 89135, USA

Attention: Jason Drummond

E-mail: jd@gametech.com

 

		(b)	If to the Noteholder:
	 	 	 
	 	 	Attention: 
	 	 	E-mail: 

 

10.            
Governing Law. This Note and
any claim, controversy, dispute, or cause of action (whether in contract, tort, or otherwise) based on, arising out of, or relating to
this Note and the transactions contemplated hereby shall be governed by and construed in accordance with the laws of the State of Nevada.

 

	 	11.	Disputes.

 

(a)             
Submission to Jurisdiction.

 

(i)              
The Borrower irrevocably and unconditionally (A) agrees that any action, suit, or proceeding arising from or relating to this
Note may be brought in the courts of the State of Nevada sitting in Clark County and in the United States District Court for the District
of Nevada sitting in Clark County, and (B) submits to the exclusive jurisdiction of such courts in any such action, suit, or proceeding.
Final judgment against the Borrower in any such action, suit, or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by law.

 

 

 

    	 	3	 

     

    

 

(ii)             
Nothing in this Section 11(a) shall affect the right of the Noteholder to bring any action, suit, or proceeding relating
to this Note against the Borrower or its properties in the courts of any other jurisdiction.

 

(iii)           
Nothing in this Section 11(a) shall affect the right of the Noteholder to serve process upon the Borrower in any manner authorized
by the laws of any such jurisdiction.

 

(b)             
Venue. The Borrower irrevocably and unconditionally
waives, to the fullest extent permitted by law, (i) any objection that it may now or hereafter have to the laying of venue in any
action, suit, or proceeding relating to this Note in any court referred to in Section 11(a), and (ii) the defense of inconvenient
forum to the maintenance of such action, suit, or proceeding in any such court.

 

(c)             
Waiver of Jury Trial. THE BORROWER HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY RELATING TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY, WHETHER BASED ON CONTRACT, TORT, OR ANY OTHER THEORY.

 

12.            
Successors and Assigns. This
Note may be assigned or transferred by the Noteholder to any individual, corporation, company, limited liability company, trust, joint
venture, association, partnership, unincorporated organization, governmental authority, or other entity.

 

13.            
Integration. This Note constitutes
the entire contract between the Borrower and the Noteholder with respect to the subject matter hereof and supersedes all previous agreements
and understandings, oral or written, with respect thereto.

 

14.            
Amendments and Waivers. No term
of this Note may be waived, modified, or amended, except by an instrument in writing signed by the Borrower and the Noteholder. Any waiver
of the terms hereof shall be effective only in the specific instance and for the specific purpose given.

 

15.            
No Waiver; Cumulative Remedies.
No failure by the Noteholder to exercise and no delay in exercising any right, remedy, or power hereunder shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, or power hereunder preclude any other or further exercise thereof or the
exercise of any other right, remedy, or power. The rights, remedies, and powers herein provided are cumulative and not exclusive of any
other rights, remedies, or powers provided by law.

 

16.            
Severability. If any term or
provision of this Note is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall
not affect any other term or provision of this Note or render such term or provision invalid or unenforceable in any other jurisdiction.

 

17.            
Counterparts. This Note and
any amendments, waivers, consents, or supplements hereto may be executed in counterparts, each of which shall constitute an original,
but all of which taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page to this Note
by facsimile or in electronic (“pdf” or “tif”) format shall be as effective as delivery of a manually executed
counterpart of this Note.

 

18.            
Electronic Execution. The words
“execution,” “signed,” “signature,” and words of similar import in this Note shall be deemed to include
electronic and digital signatures and the keeping of records in electronic form, each of which shall be of the same effect, validity,
and enforceability as manually executed signatures and paper-based recordkeeping systems, to the extent and as provided for under applicable
law, including the Electronic Signatures in Global and National Commerce Act of 2000 (15 U.S.C. § 7001 et seq.),
the Electronic Signatures and Records Act of 1999 (N.Y. State Tech. Law §§ 301-309), and any other similar state laws based
on the Uniform Electronic Transactions Act.

 

 

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the Borrower has executed
this Note as of [DATE].

 

	 	
    GAMING TECHNOLOGIES, INC.

     

     

     

    By /s/ Jason Drummond

    Name: Jason Drummond

    Title: Chief Executive Officer

     

	
     

    ACKNOWLEDGED AND ACCEPTED BY

    [NOTEHOLDER]

 

     

    By______________________________

    Name:

    Title:

     
	 

 

 

 

    	 	5	 

     

    

 

 

EXHIBIT A

PAYMENTS ON

 

 

THE LOAN

 

	Date	Principal Amount Paid	Unpaid Principal Balance	Name of Person Making Notation
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

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