Document:

Exhibit
10.30

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	 	Right
    to Purchase 1,000,000 shares of Common Stock of Esports Entertainment Group, Inc. (subject to adjustment as provided herein)

 

COMMON
STOCK PURCHASE WARRANT

 

	No.
    	Issue
    Date: July 31,2020

 

ESPORTS
ENTERTAINMENT GROUP, INC., a corporation organized under the laws of the State of Nevada (the “Company”),
hereby certifies that, for value received, AHG Entertainment Associates, LLC, or its assigns (the “Holder”),
is entitled, subject to the terms set forth below, to purchase from the Company at any time after the Issue Date until 5:00 p.m.,
E.D.T. on the three (3) year anniversary of the Issue Date (the “Expiration Date”), up to one million (1,000,000)
fully paid and non-assessable shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”)
at a per share purchase price of $8.00. The purchase price per share, as adjusted from time to time as herein provided, is referred
to herein as the “Purchase Price.” The number and character of such shares of Common Stock and the Purchase
Price are subject to adjustment as provided herein. The Company may reduce the Purchase Price for some or all of the Warrants,
temporarily or permanently, provided such reduction is made as to all outstanding Warrants for all Holders of such Warrants.

 

As
used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

(a)
The term “Company” shall mean Esports Entertainment Group, Inc., a Nevada corporation.

 

(b)
The term “Common Stock” includes (i) the Company’s Common Stock, $0.001 par value per share and (ii)
any other securities into which or for which any of the securities described in (i) may be converted or exchanged pursuant to
a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

(c)
The term “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company
or any other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall
have received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable
or shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 5 hereof
or otherwise.

 

(d)
The term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this Warrant.

 

1.
Exercise of Warrant.

 

1.1.
Number of Shares Issuable upon Exercise. From and after the Issue Date through and including the Expiration Date, the Holder
shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of Section 1.2 hereof
or upon exercise of this Warrant in part in accordance with Section 1.3 hereof, shares of Common Stock of the Company,
subject to adjustment pursuant to Section 3 hereof.

 

    	 

     

    

 

1.2.
Full Exercise. This Warrant may be exercised in full by the Holder hereof by delivery to the Company of an original or
facsimile copy of the form of subscription attached as Exhibit A hereto (the “Subscription Form”) duly
executed by such Holder and delivered within two (2) business days thereafter of payment, in cash, wire transfer or by certified
or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common
Stock for which this Warrant is then exercisable by the Purchase Price then in effect. The original Warrant is not required to
be surrendered to the Company until it has been fully exercised.

 

1.3.
Partial Exercise. This Warrant may be exercised in part (but not for a fractional share) by delivery of a Subscription
Form in the manner and at the place provided in Section 1.2 hereof, except that the amount payable by the Holder on such
partial exercise shall be the amount obtained by multiplying (a) the number of whole shares of Common Stock designated by the
Holder in the Subscription Form by (b) the Purchase Price then in effect. On any such partial exercise, upon the written request
of the Holder, provided the Holder has surrendered the original Warrant, the Company, at its expense, will forthwith issue and
deliver to or upon the order of the Holder a new Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon
payment by such Holder of any applicable transfer taxes) may request, the whole number of shares of Common Stock for which such
Warrant may still be exercised.

 

1.4.
Fair Market Value. For purposes of this Warrant, the Fair Market Value of a share of Common Stock as of a particular
date (the “Determination Date”) shall mean:

 

(a)
If the Company’s Common Stock is traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the
NASDAQ Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, then the average of the closing sale prices of the
Common Stock for the five (5) trading days immediately prior to (but not including) the Determination Date;

 

(b)
If the Company’s Common Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market,
the NASDAQ Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, but is traded on the OTC Bulletin Board or in
the over-the-counter market or Pink Sheets, then the average of the closing bid and ask prices reported for the five (5) trading
days immediately prior to (but not including) the Determination Date;

 

(c)
Except as provided in clause (d) below and Section 3.1 hereof, if the Company’s Common Stock is not publicly traded,
then as the Holder and the Company shall mutually agree, or in the absence of such an agreement after good faith efforts of the
Company and the Holder to reach an agreement, by arbitration in accordance with the rules then standing of the American Arbitration
Association, before a single arbitrator to be chosen from a panel of persons qualified by education and training to pass on the
matter to be decided; or

 

(d)
If the Determination Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation, dissolution
or winding up pursuant to the Company’s charter, then all amounts to be payable per share to holders of the Common Stock
pursuant to the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per
share in respect of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all of
the shares of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.

 

1.5.
Company Acknowledgment. The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof,
acknowledge in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be
entitled after such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

 

    	 

     

    

 

1.6.
Delivery of Stock Certificates, etc. on Exercise. The Company agrees that, provided the purchase price listed in the Subscription
Form is received as specified in Section 2 hereof, the shares of Common Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder hereof as the record owner of such shares as of the close of business on the date on which
delivery of a Subscription Form shall have occurred and payment made for such shares as aforesaid. As soon as practicable after
the exercise of this Warrant in full or in part and the payment is made, and in any event within five (5) business days thereafter
(“Warrant Share Delivery Date”), the Company, at its expense (including the payment by it of any applicable
issue taxes), will cause to be issued in the name of, and delivered to, the Holder hereof, or as such Holder (upon payment by
such Holder of any applicable transfer taxes) may direct in compliance with applicable securities laws, a certificate or certificates
for the number of duly and validly issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which
such Holder shall be entitled on such exercise, plus, in lieu of any fractional share to which such Holder would otherwise be
entitled, cash equal to such fraction multiplied by the then Fair Market Value of one full share of Common Stock, together with
any other stock or other securities and property (including cash, where applicable) to which such Holder is entitled upon such
exercise pursuant to Section 1 hereof or otherwise. The Company understands that a delay in the delivery of the Warrant
Shares after the Warrant Share Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such
loss, the Company agrees to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant Shares
upon exercise of this Warrant the proportionate amount of $100 per business day after the Warrant Share Delivery Date for each
$10,000 of Purchase Price of Warrant Shares for which this Warrant is exercised which are not timely delivered. The Company shall
promptly pay any payments incurred under this Section in immediately available funds upon demand. Furthermore, in addition to
any other remedies which may be available to the Holder, in the event that the Company fails for any reason to effect delivery
of the Warrant Shares by the Warrant Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
delivery of a written notice to such effect to the Company, whereupon the Company and the Holder shall each be restored to their
respective positions immediately prior to the exercise of the relevant portion of this Warrant, except that the liquidated damages
described above shall be payable through the date notice of revocation or rescission is given to the Company.

 

1.7.
Buy-In. In addition to any other rights available to the Holder, if the Company fails to deliver to a Holder the Warrant
Shares as required pursuant to this Warrant, and the Holder or a broker on the Holder’s behalf, purchases (in an open market
transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by such Holder of the Warrant Shares which
the Holder was entitled to receive from the Company (a “Buy-In”), then the Company shall pay in cash to the
Holder (in addition to any remedies available to or elected by the Holder) the amount by which (A) the Holder’s total purchase
price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (B) the aggregate Purchase
Price of the Warrant Shares required to have been delivered together with interest thereon at a rate of 15% per annum, accruing
until such amount and any accrued interest thereon is paid in full (which amount shall be paid as liquidated damages and not as
a penalty). For purposes of illustration, if a Holder purchases shares of Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to $10,000 of Purchase Price of Warrant Shares to have been received upon exercise of this Warrant,
the Company shall be required to pay the Holder $1,000, plus interest. The Holder shall provide the Company written notice indicating
the amounts payable to the Holder in respect of the Buy-In, which shall include evidence of the price at which such Holder had
to purchase the Common Stock in an open-market transaction or otherwise.

 

2.
Payment of Purchase Price. Payment upon exercise may be made at the written option of the Holder in cash, wire transfer
or by certified or official bank check payable to the order of the Company equal to the applicable aggregate Purchase Price, in
each case accompanied by delivery of a properly endorsed Subscription Form, for the number of Common Stock specified in such form
(as such exercise number shall be adjusted to reflect any adjustment in the total number of shares of Common Stock issuable to
the Holder per the terms of this Warrant) and the Holder shall thereupon be entitled to receive the number of duly authorized,
validly issued, fully-paid and non-assessable shares of Common Stock (or Other Securities) determined as provided herein.

 

    	 

     

    

 

3.
Adjustment for Reorganization, Consolidation, Merger, etc.

 

3.1.
Fundamental Transaction. If, at any time while this Warrant is outstanding, (A) the Company effects any merger or consolidation
of the Company with or into another entity, (B) the Company effects any sale of all or substantially all of its assets in one
or a series of related transactions, (C) any tender offer or exchange offer (whether by the Company or another entity) is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property,
(D) the Company consummates a stock purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, or spin-off) with one or more persons or entities whereby such other persons or entities acquire more than the
50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by such other persons or entities
making or party to, or associated or affiliated with the other persons or entities making or party to, such stock purchase agreement
or other business combination), (E) any “person” or “group” (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934
Act), directly or indirectly, of 50% of the aggregate Common Stock of the Company, or (F) the Company effects any reclassification
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged
for other securities, cash or property (in any such case, a “Fundamental Transaction”), then, upon any subsequent
exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon
such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder, (a) upon exercise
of this Warrant, the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the
surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable upon or
as a result of such reorganization, reclassification, merger, consolidation or disposition of assets by a Holder of the number
of shares of Common Stock for which this Warrant is exercisable immediately prior to such event or (b) if the Company is acquired
in (1) a transaction where the consideration paid to the holders of the Common Stock consists solely of cash, (2) a “Rule
13e-3 transaction” as defined in Rule 13e-3 under the 1934 Act, or (3) a transaction involving a person or entity not traded
on a national securities exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market, cash
equal to the Black-Scholes Value (as defined herein). For purposes of any such exercise, the determination of the Purchase Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Purchase Price among
the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of
this Warrant following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor
to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the
foregoing provisions and evidencing the Holder’s right to exercise such warrant into Alternate Consideration. The terms
of any agreement pursuant to which a Fundamental Transaction is effected include terms requiring any such successor or surviving
entity to comply with the provisions of this Section 3.1 and insuring that this Warrant (or any such replacement security)
will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. “Black-Scholes Value”
shall be determined in accordance with the Black-Scholes Option Pricing Model obtained from the “OV” function on Bloomberg
L.P. using (i) a price per share of Common Stock equal to the Volume Weighted Average Price of the Common Stock for the Trading
Day immediately preceding the date of consummation of the applicable Fundamental Transaction, (ii) a risk-free interest rate corresponding
to the U.S. Treasury rate for a period equal to the remaining term of this Warrant as of the date of such request and (iii) an
expected volatility equal to the 100 day volatility obtained from the HVT function on Bloomberg L.P. determined as of the Trading
Day immediately following the public announcement of the applicable Fundamental Transaction.

 

3.2.
Continuation of Terms. Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer)
referred to in this Section 3 hereof, this Warrant shall continue in full force and effect and the terms hereof shall be
applicable to the Other Securities and property receivable on the exercise of this Warrant after the consummation of such reorganization,
consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding
upon the issuer of any Other Securities, including, in the case of any such transfer, the person acquiring all or substantially
all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Warrant
as provided in Section 5 hereof.

 

4.
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common
Stock as a dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or
(c) combine its outstanding shares of the Common Stock into a smaller number of shares of Common Stock, then, in each such event,
the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price
by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event
and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product
so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in
the same manner upon the happening of any successive event or events described in this Section 4. The number of shares
of Common Stock that the Holder of this Warrant shall thereafter, on the exercise hereof, be entitled to receive shall be adjusted
to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this
Section 4) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise
(but for the provisions of this Section 4) be in effect, and (b) the denominator is the Purchase Price in effect on the
date of such exercise.

 

    	 

     

    

 

5.
Reservation of Stock, etc. Issuable on Exercise of Warrant; Financial Statements. The Company will at all times reserve
and keep available, solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities)
from time to time issuable on the exercise of the Warrant. This Warrant entitles the Holder hereof, upon written request, to receive
copies of all financial and other information distributed or required to be distributed to the holders of the Company’s
Common Stock.

 

6.
Company Warrant Call. The Company shall have the right to cause the exercise of this Warrant (“Forced Exercise”).
The Company shall deliver prior written notice to the Holder at least two (2) business days (“Forced Exercise Notice”)
prior to the effective date (the “Forced Exercise Effective Date”) of such Forced Exercise. In order to effectuate
a Forced Exercise, the VWAP of the Common Stock shall equal or exceed 125% of the Purchase Price of the Common Stock for 20 consecutive
trading days. “VWAP” means, for any date, the price determined by the first of the following clauses that applies:
(a) if the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock
for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported
by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)) (or a similar
organization or agency succeeding to its functions of reporting prices), (b) if no volume weighted average price of the Common
Stock is reported for the Trading Market,, the most recent reported bid price per share of the Common Stock, or (c) in all other
cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by the
Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses
of which shall be paid by the Company.

 

7.
Assignment; Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced
hereby, may be transferred by any registered holder hereof (a “Transferor”). On the surrender for exchange
of this Warrant, with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor
Endorsement Form”) and together with an opinion of counsel reasonably satisfactory to the Company that the transfer
of this Warrant will be in compliance with applicable securities laws, the Company will issue and deliver to or on the order of
the Transferor thereof a new Warrant or Warrants of like tenor, in the name of the Transferor and/or the transferee(s) specified
in such Transferor Endorsement Form (each a “Transferee”), calling in the aggregate on the face or faces thereof
for the number of shares of Common Stock called for on the face or faces of the Warrant so surrendered by the Transferor.

 

8.
Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity
agreement or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant
of like tenor.

 

9.
Maximum Exercise. The Holder shall not be entitled to exercise this Warrant on an exercise date, in connection with that
number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially
owned by the Holder and its Affiliates on an exercise date, and (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this limitation is being made on an exercise date, which would result
in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the outstanding shares of Common Stock on such
date. For the purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the 1934 Act and Rule 13d-3 thereunder. Subject to the foregoing, the Holder shall not be limited to aggregate exercises
which would result in the issuance of more than 4.99%. The Holder may allocate which of the equity of the Company deemed beneficially
owned by the Holder shall be included in the 4.99% amount described above and which shall be allocated to the excess above 4.99%.
The restriction described in this paragraph may be waived, in whole or in part, upon sixty-one (61) days’ prior notice from
the Holder to the Company to increase such percentage.

 

10.
Transfer on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat
the registered holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

    	 

     

    

 

11.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received), or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be: (i) if to the Company, to Esports Entertainment Group, Inc., 170 Pater
House, Psaila Street, Birkirkara, Malta, BKR 9077, Attn: Grant Johnson, with a copy by fax only to (which shall not constitute
notice) Lucosky Brookman LLP, 101 Wood Avenue South, 5th Floor, Iselin, NJ 08830, Attn: Joseph M. Lucosky, Esq., facsimile: (732)
395-4401, and (ii) if to the Holder, to the address and facsimile number listed on the first paragraph of this Warrant.

 

12.
Law Governing This Warrant. This Warrant shall be governed by and construed in accordance with the laws of the State of
Nevada without regard to its principles of conflicts of laws or of any other State. Any action brought by either party hereto
against the other concerning the transactions contemplated by this Warrant shall be brought only in the state courts of Nevada
or in the federal courts located in the state of Nevada. The parties to this Warrant hereby irrevocably waive any objection to
jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue
or based upon forum non conveniens. The Company and the Holder waive trial by jury. The prevailing party shall be
entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of this
Warrant or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute or rule
of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified
to conform to, such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not
affect the validity or enforceability of any other provision of any agreement. Each party hereto hereby irrevocably waives personal
service of process and consents to process being served in any suit, action or proceeding in connection with this Warrant or any
other transaction document by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect for notices to it under this Warrant and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any other manner permitted by law.

 

13.
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company
and the Holder.

 

14.
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

15.
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant.

 

[-Signature
Page Follows-]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.

 

	 	ESPORTS
    ENTERTAINMENT GROUP, INC.
	 	 
	 	By:	 
	 	Name:
    	Grant
    Johnson
	 	Title:
    	Chief
    Executive Officer

 

    	 

     

    

 

Exhibit
A

 

FORM
OF EXERCISE

(to
be signed only on exercise of Warrant)

 

TO:
ESPORTS ENTERTAINMENT GROUP, INC.

 

The
undersigned herewith makes payment of the full purchase price for such shares at the price per share provided for in such Warrant,
which is $______. Such payment takes the form of ___ $__________ in lawful money of the United States

 

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to __________________________________________,
whose address is ___________________________. _______________________________________________________________________________________________.

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the
within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities
Act”), or pursuant to an exemption from registration under the Securities Act.

 

    	A-1

     

    

 

	Dated:___________________	 	 
	 	 	(Signature
                                         must conform to name of holder as

        specified
        on the face of the Warrant)

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	(Address)

 

    	A-2

     

    

 

Exhibit
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To
be signed only on transfer of Warrant)

 

For
value received, the undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees”
the right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of ESPORTS ENTERTAINMENT
GROUP, INC. to which the within Warrant relates specified under the headings “Percentage Transferred” and “Number
Transferred,” respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its
respective right on the books of ESPORTS ENTERTAINMENT GROUP, INC., with full power of substitution in the premises.

 

	Transferees	 	Percentage
    Transferred	 	Number
    Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	Dated:
    __________________, _______	 	 
	 	 	(Signature
                                         must conform to name of holder as specified

        on
        the face of the warrant)

	 	 	 
	Signed
    in the presence of: 	 	 
	 	 	 
	 	 	 
	(Name)	 	 
	 	 	(address)
	 	 	 
	ACCEPTED
    AND AGREED:	 	 
	[TRANSFEREE]	 	 
	 	 	(address)
	 	 	 
	 	 	 
	(Name)	 	 

 

    	B-1Exhibit
10.31

 

DATED:
1ST August 2020

 

 

ESPORT
ENTERTAINMENT (MALTA) LIMITED

 

and

 

RIVINGTON
LAW LIMITED

 

and

 

STUART
TILLY

 

 

 

CONSULTANCY
AGREEMENT

 

(provision
by a company of the

services
of an individual)

 

 

 

    	 

    	 

    

 

CONSULTANCY
AGREEMENT

 

date:
parties

 

	(1)	ESPORT
    ENTERTAINMENT GROUP INC, a Nevada registered company, having its registered office at 170 Pater House, Level 1, Psaila
    Street, Birkirkara BKR9077, Malta (the “Company”);
	 	 
	(2)	RIVINGTON
    LAW LIMITED, having its registered office at 4 Millbank Terrace, Shaw Mils, Harrogate, England HG3 3HT (the “Employer”);
    and
	 	 
	(3)	STUART
    TILLY whose address is 87 Luton Road, Harpenden, Herts, England AL5 3BA (the “Consultant”)

 

recitals

 

	(A)	The
    Employer has the right to the services of the Consultant together with the right to make him available to the Company.
	 	 
	(B)	The
    Employer has agreed to make the services of the Consultant available to the Company upon the terms and conditions hereinafter
    contained.

 

IT
IS AGREED as follows:

 

	1.	DEFINITIONS
    AND INTERPRETATION

 

	1.1	In
    this Agreement the following words and expressions shall have the following meanings save where the context provides or requires
    otherwise:

 

“Commencement
Date”

 

1st
August 2020

 

“Group”

 

The
Company and any of its Group Companies.

 

“Group
Company”

 

any
parent undertaking or subsidiary undertaking of the Company or any subsidiary or subsidiary undertaking of a parent undertaking
of the Company.

 

“Senior
Management”

 

the
senior management from time to time of the Company;

 

“Services”

 

the
services of the Consultant to the Company or any Group Company as described in schedule 1 and any other services as may be required
by the Company or any Group Company from time to time in accordance with the terms of this Agreement;

 

“Termination
Date”

 

the
date the Agreement terminates in accordance with the terms of this Agreement whenever arising and for whatever reason.

 

    	 

    	 

    

 

	1.2	References
    to Clauses and sub-Clauses are references to clauses and sub-clauses in this Agreement.
	 	 
	1.3	In
    this Agreement words importing the masculine gender include the feminine and words importing the singular include the plural.

 

	2.	APPOINTMENT
    OF CONSULTANT

 

	2.1	The
    Company hereby appoints the Consultant, the Employer hereby agrees to make available to the Company the services of the Consultant
    and the Consultant hereby accepts such appointment upon the terms and conditions contained in this Agreement to supply the
    Services.
	 	 
	2.2	Subject
    to termination in accordance with the terms of this Agreement, such appointment will take effect from the Commencement Date
    and continue thereafter unless and until terminated by the Company, the Employer or the Consultant in accordance with this
    Agreement. 
	 	 
	2.3	The
    Employer undertakes with the Company to the best of its ability to procure the performance and observance by the Consultant
    of all his obligations under this Agreement.
	 	 
	2.4	The
    Consultant undertakes to the Company that during the continuance of this Agreement he will remain contracted to the Employer
    upon such terms as shall entitle the Employer to make the Consultant available to the Company on the terms set out in this
    Agreement.
	 	 
	2.5	The
    Consultant will provide the Services under this Agreement personally and will not assign or sub-contract such Services to
    any other person, firm, company or organisation without the prior written consent of the Company.

 

	3.	FEE

 

	3.1	In
    consideration of the Services to be rendered by the Consultant under this Agreement the Company will pay to the Employer a
    fee each calendar month during the Term of £18,000 month (exclusive of any VAT as applicable) (the “Fee”).
	 	 
	3.2	Subject
    to the terms as set out in Schedule 2, the Employer may be eligible for a discretionary bonus. 
	 	 
	3.3	Subject
    to the terms as set out in Schedule 3, the Employer or the Consultant may be eligible to participate in such Group share award
    scheme (the “Share Scheme”) as may be in place from time to time and subject to its rules.
	 	 
	3.4	Neither
    the Employer or the Consultant will be entitled to any other fees or payments save as expressly stated in Clauses 3.1 to 3.3
    or Clause 4.1.
	 	 
	3.5	The
    Fee will be reviewed annually by the Company. In considering the Fee review, the Company shall take into consideration the
    performance of the Consultant, the overall performance of the business carried on by the Company and any other relevant commercial
    considerations. The Company does not guarantee an increase in any year. 

 

    	 

    	 

    

 

	4.	EXPENSES

 

	4.1	The
    Company will reimburse to the Consultant all reasonable travelling and other out-of-pocket expenses which the Consultant may
    from time to time reasonably and properly incur in connection with the provision of the Services provided that any expenses
    over £500 are approved in advance by the Company. Such expenses will be paid by the Company within 21 days of receipt
    of an appropriate invoice accompanied by the written statements referred to in Clause 4.2.
	 	 
	4.2	The
    Consultant must submit invoices in respect of expenses (accompanied by the relevant receipts and vouchers) to the Company
    as soon as practicable following the last working day of the month in which such expenses were incurred which will be payable
    by the Company within 21 days of receipt of such invoice.

 

	5.	STATUS

 

	5.1	The
    relationship of the Consultant to the Company will be that of independent contractor.
	 	 
	5.2	This
    Agreement constitutes a contract for the provision of services and not a contract of employment and accordingly the Employer
    and/or the Consultant will be fully responsible for any tax and any other liability, deduction, contribution, assessment or
    claim arising from or made in connection with the payment of the Fee.

 

	6.	CONSULTANT’S
    OBLIGATIONS

 

	6.1	The
    Consultant will during the term of this Agreement:

 

	6.1.1	devote
    as much of his working time, attention and abilities as necessary and the full benefit of his knowledge, expertise and skills
    in carrying out the Services;
	 	 
	6.1.2	render
    and perform the Services to the best of his skill and ability in a professional and competent manner and use his best endeavours
    to promote the interests of the Group and will promptly give to the Senior Management or to whomsoever the Senior Management
    may direct (in writing if so requested) all such information and reports as it may reasonably require in connection with matters
    relating to the provision of the Services or the business of the Group;
	 	 
	6.1.3	exercise
    only such powers and perform such services as may from time to time be vested in or assigned to him by the Senior Management
    whether for a specific purpose as determined by the Senior Management or to provide the Services generally and will not, except
    with the prior written consent of the Senior Management, commit the Company to any legally binding agreement or hold himself
    out as being able so to commit the Company or incur any liability on behalf of the Company or in any way pledge or purport
    to pledge the credit of the Company;

 

    	 

    	 

    

 

	6.1.4	at
    all times comply with all current statutory requirements and codes of professional practice relevant to the performance of
    the Services and with such reasonable instructions, rules, regulations, policies and procedures as the Company shall from
    time to time issue;
	 	 
	6.1.5	not
    at any time make or cause or permit to be made any untrue or misleading statement in relation to the provision of the Services
    or any business or customers of the Group;
	 	 
	6.1.6	must
    ensure that his personal interests do not in any circumstance whatsoever conflict with the interests of the Company, and in
    the eventuality that this occurs or there is a risk that this eventuality might occur, the Consultant shall inform the Company
    of the matter as soon as he has the knowledge;
	 	 
	6.1.7	not
    at any time make any secret or personal profits from his position without having the written consent of the Company and shall
    not make any gain from confidential Company information; and
	 	 
	6.1.8	immediately
    notify the Company in writing of any actions, suits, claims and/or proceedings that may be served upon him.

 

	6.2	Notwithstanding
    clause 6.1.1 to 6.1.8 above, neither the Employer nor the Consultant shall be held responsible or accountable towards the
    Company, any Group Company and/or any competent authority for any failure to carry out their duties under this Agreement where
    such failure is solely attributable to the fault of the Company or any Group Company or any trained staff of the Company or
    any Group Company in punctually providing the Employer or Consultant with all the accurate and update information, data and
    materials which the Employer or Consultant may reasonably require for the proper and punctual performance of his duties, and
    the Company shall fully indemnify the Employer or Consultant against any liabilities arising against the Employer or Consultant
    in such circumstances.

 

	7.	OBLIGATIONS
                                         OF THE COMPANY

 

	7.1	The
    Company will co-operate with the Consultant to such extent as shall be reasonably required to enable the Consultant to carry
    out the Services. 
	 	 
	7.2	The
    Company undertakes to keep the Consultant duly up to date with all material information and to provide any resources which
    the Consultant may reasonably require for the proper exercise of his functions, including but not limited to: appropriate
    technology, staff, records, unlimited access to its data, documentation, and other information.
	 	 
	7.3	The
    Company shall hold harmless and indemnify the Consultant in respect of any costs, expenses, actions, proceedings, damages,
    claims or other liability arising directly or indirectly by reason of his providing his Services in terms of the provisions
    of this Agreement and the Consultant shall be indemnified out of the assets and profits of the Company or any Group Company
    provided the same shall not be due to fraud or gross negligence on the part of the Consultant.
	 	 
	7.4	The
    Company agrees that neither the Consultant nor the Employer shall be liable for any losses suffered by the Company or any
    Group Company due to anything done or omitted to be done by the Consultant in connection with the affairs of the Company or
    any Group Company provided the Consultant acted in good faith and acted in the manner as required of him having regard to
    his position and appointment with the said Company and the terms contained in this Agreement.

 

    	 

    	 

    

 

	7.5	The
    Company and each Group Company shall hold harmless, indemnify and keep indemnified the Employer and the Consultant against
    any and all actions, suits, proceedings, claims, demands, pretensions, costs, fines, expenses, damages, losses and/or liabilities
    of any nature whatsoever which may be commenced, made, incurred, occur, arise or be sought from or taken against him in connection
    with his functions, or arising therefrom or from reliance upon any information or materials supplied by the Company or any
    Group Company, except for any fraudulent or grossly negligent act or omission on the part of the Consultant.
	 	 
	7.6	The
    Company shall also indemnify any legal fees and other costs and expenses reasonably incurred by the Employer and the Consultant
    in order to protect or defend the interests of the Company or any Group Company. In this respect, the Company undertakes to
    provide the Consultant with written notification of any material fact or circumstance which could have a bearing on any exposure
    or risk of increased exposure to claims for loss or damages or any other liability whatsoever against the Employer or Consultant
    in providing the Services and generally to give such information as the Employer or Consultant may from time to time require.

 

	8.	Restrictions

 

	8.1	The
    Consultant hereby covenants with the Company that he will not (whether directly or indirectly, or whether solely or jointly
    with or as promoter, agent, director, officer, partner, manager, employee, consultant, independent contractor, shareholder
    or participator of, in or to any other person, firm or company):
	 	 
	8.1.1	during
    the term of the Agreement and for the period of one year after the termination of this Agreement, solicit or endeavor to entice
    away from or discourage from dealing with the Group any person, firm or company who was at the date of such termination or
    at any time during the period of one year immediately preceding such termination a manufacturer for or supplier, customer,
    client, distributor, agent or independent contractor of or to the Group or had agreed to become such whether or not such person,
    firm or company would commit a breach of contract by reason of transferring business or leaving service provided that this
    restriction shall only apply to manufacturers, suppliers, customers, clients, distributors, agents and independent contractors
    with whom the Consultant shall have had personal contact while engaged by the Group;
	 	 
	8.1.2	at
    any time after the termination of this Agreement, represent himself as being in any way connected with or interested in any
    business of the Company or any Group Company;
	 	 
	8.1.3	at
    any time after the termination of this Agreement, in any way make use of any corporate, business, product or service name
    which is identical to or likely to be confused with the corporate name or any business, product or service name used by the
    Company or any Group Company at the date of such termination or which might suggest a connection with the Company or any Group
    Company;
	 	 
	8.1.4	during
    the term of the Agreement and at any time after the termination of this Agreement, cause or seek to cause to be terminated
    or adversely affected or otherwise interfere with any agreement or arrangement of any kind to which the Company or any Group
    Company is at the date of such termination party or from which it benefits.

 

    	 

    	 

    

 

	8.2	Each
    of clauses 8.1.1 to 8.1.4 above shall be treated as a separate obligation and shall be severally enforceable as such.
	 	 
	8.3	The
    Consultant considers the restrictions in clause 8.1 to be reasonable, but if a court of competent jurisdiction finds any of
    them to be unenforceable the Consultant agrees to accept any modification as to the area, extent or duration of the restriction
    concerned which the court sees fit to impose or, if it does not see fit, which is reasonably necessary to render the restriction
    enforceable.
	 	 
	8.4	The
    provisions of clause 8.1 shall remain in force and be fully applicable in all circumstances in accordance with their terms
    and in particular shall not be discharged or affected by any breach or repudiation of this Agreement or any of the terms of
    engagement of the Consultant whatever its nature or howsoever caused or arising or by any other matter, circumstance or thing
    whatsoever.

 

	9.	CONFIDENTIALITY

 

	9.1	Neither
    the Employer nor the Consultant will for his own purposes or that of a third party use or disclose in any way or form whether
    before or after the Termination Date to any person, firm, company or organisation any trade secrets or confidential information
    belonging to the Company, any Group Company or relating to any client, customer, supplier, agent, business connection or associate
    of the Company or any Group Company which are acquired either directly or indirectly by the Consultant as a result of the
    provision of the Services and the performance of his obligations under this Agreement provided that the Consultant may disclose
    or use such trade secrets or confidential information to the extent authorised by the Company or any Group Company in writing
    or as may be necessary in the performance of the Services or as required by law.
	 	 
	9.2	The
    Consultant shall deliver and return without delay any documents, papers or other Company property which might be in his possession
    upon the Company’s first request in writing to this effect.

 

	10.	DATA
    PROTECTION

 

	10.1	For
    the purposes of this Agreement and in terms of the General Data Protection Regulations, in the event that, as a result of
    the provision of services supplied to the Company, the Consultant would perform any operation as a result of which personal
    data would be processed on behalf of the Company, the Consultant as a Data Processor, shall:

 

	10.1.1	only
    process personal data on behalf of the Company upon the written instructions of the Company to the extent that, and for not
    longer than, is adequate, required and relevant to the provisions of this Agreement; and
	 	 
	10.1.2	shall
    afford the personal data being processed the levels of protection as expected for the categories and volumes of data being
    processed under this Agreement; and
	 	 
	10.1.3	not
    engage a sub-processor without the prior written authorisation of the Company, and in the event that a sub-processor is engaged
    by the Consultant the provisions of this Clause 10 shall be set out in a contract with such sub-processor. The Consultant
    shall remain fully liable to the Company for the performance of the sub-processor’s obligations; and 

 

    	 

    	 

    

 

	10.1.4	assist
    in the fulfilment of the Company’s obligation to respond to requests for exercising the data subject’s rights
    in terms of any applicable law; and
	 	 
	10.1.5	at
    the choice of the Company, delete or return all the personal data to the Company after the end of provision of goods and/or
    services subject of this Agreement relating to processing of personal data, and delete existing copies unless the Consultant
    is required to retain storage of personal data in terms of any applicable law; and
	 	 
	10.1.6	implement
    the appropriate technical and organizational measures required to protect the rights of the data subjects and to ensure a
    level of security appropriate to the risk of processing personal data; and
	 	 
	10.1.7	assist
    the Company with implementing a level of security appropriate to the risk of processing personal data; and
	 	 
	10.1.8	assist
    the Company with notifying the supervisory authority, without undue delay, in the event of a personal data breach which may
    result in a risk to the rights and freedoms of natural persons; and in such case assist the Company with informing the data
    subject of such breach without undue delay; and
	 	 
	10.1.9	assist
    the Company in carrying out an assessment of the impact the use of any new technologies used for the purpose of processing
    personal data may have on the protection of personal data, and where following such assessment, it is deemed that the processing
    would result in a high risk in the absence of measures taken by the Company to mitigate the Consultant shall assist the Company
    with consulting with the supervisory authority; and
	 	 
	10.1.10	make
    available to the Company all information necessary to demonstrate compliance with this Clause 10, and shall allow for and
    contribute to audits, including inspections, conducted by the Company or another auditor mandated by the Company.

 

	11.	TERMINATION

 

	11.1	Either
    party may terminate this Agreement without cause upon six month’s written notice. On the issuance of such notice by
    either party, at Company’s sole election, the Company shall either require the continued provision of Services until
    the effective date of termination, or may pay any or all amounts that would otherwise accrue due to the Consultant during
    the notice period and terminate the Agreement immediately. 
	 	 
	11.2	Notwithstanding
    any other provision in this Agreement, the Company will be entitled to terminate this Agreement with immediate effect if:

 

	11.2.1	the
    Consultant commits a serious breach of any of the provisions of this Agreement or fails for whatever reason to perform the
    Services adequately or at all; 
	 	 
	11.2.2	the
    Consultant is guilty of conduct tending to bring himself or the Company into disrepute or is convicted of a criminal offence
    or commits an act of dishonesty whether relating to the Company or otherwise; 

 

    	 

    	 

    

 

	11.2.3	directly
    or indirectly and whether on, his own behalf or otherwise solicits or attempts to solicit work from any of the Company’s
    clients or customers or other connections or, in breach of this Agreement, works for or provides services to any such clients,
    customers or connections.
	 	 
	11.2.4	Dies
    or is seriously injured so as not to be able to perform the Services.

 

	11.3	Upon
    termination of this Agreement for any reason, the Consultant will deliver up to the Company all letters, publications, papers,
    discs, tapes, reports, documents, keys, software, computer peripherals, communications equipment, electronic documents, data
    files and other items or property which may have been prepared by him or come into his possession by virtue of this Agreement
    and/or the performance of the Services or which relate to the business of the Company or any Group Company and all copies
    thereof regardless of the medium on which such copies are recorded or stored. In respect of any such items or information
    held on any computer software data files or other equipment belonging to the Consultant, he hereby undertakes to delete any
    such items and information and all copies forthwith on the termination of this Agreement.
	 	 
	11.4	On
    the termination of this Agreement howsoever arising, the Consultant will not have any claims for damages or compensation of
    any nature whatsoever and will merely be entitled to any outstanding fees or other consideration due to him up to the Termination
    Date pursuant to Clause 3. 

 

	12.	MISCELLANEOUS

 

	12.1	This
    Agreement constitutes the entire agreement between the parties with respect to its subject matter and shall have effect to
    the exclusion of any other memorandum, agreement or understanding of any kind between the parties preceding the date of this
    Agreement relating to the provision of the Consultant’s time or services in whatever manner.
	 	 
	12.2	This
    Agreement may only be amended, superseded, cancelled or any of its terms and conditions waived by written variation agreement
    signed by or on behalf of the Company, the Employer and the Consultant or, in the case of waiver, of the party waiving compliance.
	 	 
	12.3	The
    failure or the delay on the part of either party to exercise or enforce any right, power or privilege under this Agreement
    will not operate as a waiver, nor will the single or partial exercise of any right, power or privilege preclude any other
    or further exercise of that or any other right, power or privilege. If either party expressly waives any breach, such waiver
    will not operate as a waiver of a similar breach on another occasion or as a waiver of any other breach.
	 	 
	12.4	The
    parties will pay their own legal, professional and other costs in connection with the preparation and completion of this Agreement.
	 	 
	12.5	The
    headings contained in this Agreement are for the purpose of convenience only and do not form part of and shall not affect
    the construction of this Agreement or any part of it.
	 	 
	12.6	This
    Agreement shall be governed by and construed in accordance with the laws of Malta and the parties hereto submit to the exclusive
    jurisdiction of the Courts of Malta.
	 	 
	12.7	This
    Agreement may be executed in two or more counterparts (by original or facsimile signature), each of which shall be deemed
    to be an original but all of which together shall constitute one and the same Agreement. 

 

	13.	NOTICES

 

	13.1	Any
    notice required or authorised to be given by any party under the provisions of this Agreement will be in writing and any notice
    or document relating to this Agreement may be served or delivered or sent by mail or email to the party to be served at its
    address given in this Agreement or at such address as may be duly notified for such purpose from time to time. Any notice
    served personally will be deemed to have been served on the day of delivery, any notice sent by post will be deemed to have
    been served 48 hours after it was posted and if sent by email at noon on the business day following the day of transmission
    (and in proving such service it will be sufficient to produce a receipt for the notice signed by or on behalf of the addressee
    or to prove that the envelope containing the notice was properly addressed as a pre-paid first class recorded delivery letter
    or a computer print out indicating that the email message was sent to the recipient’s email address).

 

    	 	 	 

     

    

 

IN
WITNESS whereof this Agreement has been entered into and delivered the day and year first above written.

 

	SIGNED
    by a Grant Johnson	)
	for
    and on behalf of	)
	ESPORTS
    ENTERTAINMENT GROUP INC	)
	 	 
	SIGNED
    by a duly authorised officer	)
	for
    and on behalf of	)
	RIVINGTON
    LAW LTD	)
	 	 
	SIGNED
    by	)
	STUART
    TILLY	)
	in
    the presence of:	)

 

Signature:

Name:

Address:

 

    	 

    	 

    

 

SCHEDULE
1

 

SERVICES

 

Consultant
to provide legal and commercial advisory services in relation to the business interests of the Group including but not limited
to the following:

 

	●	Assume
    responsibility for the review of all corporate/commercial agreements related to the Group’s business and will provide
    support as required to internal stakeholders across the business;
	 	 
	●	Respond
    to internal and external inquiries regarding contractual interpretation, process and protocols
	 	 
	●	Develop
    and implement global structural and licensing strategies and undertake business and gaming licence/permit applications;
	 	 
	●	Advise
    on cross border legislation and regulatory systems across Asia, Europe, the Americas and other emerging markets; 
	 	 
	●	Assume
    responsibility for Internal policy drafting and review and regulatory compliance requirements;
	 	 
	●	Assume
    responsibility for company incorporations and other corporate filings, the upkeep of company books and board minutes;
	 	 
	●	Dispute
    arbitration and resolution; 
	 	 
	●	Intellectual
    property protection; and
	 	 
	●	HR,
    finance and other general advisory services.

 

    	 

    	 

    

 

SCHEDULE
2

Bonus
Payments

 

 Bonus

 

	1.
    	Subject
    as provided below, the Company may in its absolute discretion, pay the Employer a discretionary bonus in accordance with clause
    3.1 (the “Bonus”), such Bonus (if any) to be payable in such amounts, such time(s) and subject to such
    conditions as may from time to time be determined by the Company.
	 	 
	2.
    	The
    amount of any Bonus payment shall be purely discretionary and shall not form part of the Employer or the Consultant’s
    contractual remuneration under this agreement. If the Company makes a Bonus payment to the Employer in respect of a particular
    year, it shall not be obliged to make further payments and this shall not give the Employer or the Consultant a contractual
    entitlement to subsequent bonus payments in respect of subsequent years. 
	 	 
	3.
    	Entitlement
    to any Bonus is conditional upon the term of this Agreement being in force (which for the avoidance shall include any periods
    under notice) at the date when payment of the Bonus, if any, is made. The Employer and Consultant both acknowledge that the
    termination of this Agreement prior to the date of payment of any Bonus shall not in any circumstance give rise to a claim
    by the Employer or Consultant for compensation in lieu of such Bonus or compensation to cover the loss of opportunity to earn
    such Bonus.

 

    	 

    	 

    

 

SCHEDULE
3

Share
Scheme

 

	1.	Subject
    as provided below, the Employer or Consultant will be eligible to participate in the Company’s or any Group Company’s
    discretionary share award scheme (the “Share Scheme”) as may be in place from time to time and subject to its
    rules.
	 	 
	2.	The
    amount of any share award under the Share Scheme shall be purely discretionary and shall not form part of the Employer or
    the Consultant’s contractual remuneration under this agreement. Any share award shall be governed by the rules of the
    Share Scheme in place from time to time.
	 	 
	3.	 Entitlement
    to the vesting of any Share Award is conditional upon the term of this Agreement being in force (which for the avoidance of
    doubt shall include any periods under notice) on the date when the Share Award vests. The Employer and Consultant both acknowledge
    that the termination of this Agreement prior to the date of vesting of any Share Award shall not in any circumstance give
    rise to a claim by the Employer or the Consultant for compensation in lieu of such Share Award or compensation to cover the
    loss of opportunity to earn such Share Award.

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