Document:

Exhibit 10.13

 

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

 

THIS FIRST AMENDMENT
to EMPLOYMENT AGREEMENT (this “First Amendment”) is made as of February 21, 2020 (the “Effective Date”)
by and between Esports Entertainment (Malta), Ltd., a Malta corporation (the “Company”), and Christopher Malone,
(“Executive”).

 

WHEREAS, on
November 16, 2018, the Company and Executive entered into that certain Employment Agreement (the “Employment Agreement”),
pursuant to which Executive was employed as Chief Financial Officer of the Company; and

 

WHEREAS, the
parties wish to amend the Employment Agreement to modify Executive’s position from that of Chief Financial Officer to that
of Vice President of Finance; and

 

WHEREAS, the
parties wish to amend certain terms of the Employment Agreement.

 

NOW THEREFORE,
in consideration of the promises and mutual covenants contained herein for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby consent and agree as follows:

 

		1.	All capitalized terms used, and not otherwise defined, herein, shall have the meanings ascribed
to them in the Employment Agreement.

 

		2.	Company and Executive agree that the first whereas of the Employment Agreement is hereby amended
in its entirety to read as follows:

 

“WHEREAS,
Executive is to be employed as Vice President of Finance of the Company and its subsidiaries; and”

 

		3.	Company and Executive agree that Section 1(a) of the Employment Agreement is hereby amended in
its entirety to read as follows:

 

“(a)
During the Employment Term (as defined in Section 2 below), Executive shall serve as a Vice President of Finance of the Company
and its subsidiaries. In this capacity Executive shall have such duties, authorities and responsibilities commensurate with the
duties, authorities and responsibilities of persons in similar capacities in similarly sized companies and such other reasonable
duties and responsibilities as the Chief Executive of the Company (the “CEO”), and the Chief Financial Officer of the
Company (“CFO) shall designate. Executive shall report directly to the CFO. Executive shall obey the lawful directions of
the CFO and shall use his diligent efforts to promote the interests of the Company and to maintain and promote the reputation thereof.”

 

		4.	All other terms of the Employment Agreement shall remain unamended and in full force and effect.

 

		5.	This First Amendment constitutes the entire agreement among the parties, and supersedes all prior
and contemporaneous agreements and understandings of the parties, in connection with the subject matter of this First Amendment.
No changes, modifications, terminations or waivers of any of the provisions hereof shall be binding unless in writing and signed
by all of the parties thereto.

 

		6.	This First Amendment may be executed in separate counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one and the same agreement. This First Amendment may
also be executed by either party hereto by facsimile signature, which shall be deemed to be an original signature of such party
hereon.

 

[-signature page follows-]

 

     

     

    

 

IN WITNESS WHEREOF, the undersigned have
executed and delivered this First Amendment as of the date first written above.

 

	ESPORTS ENTERTAINMENT (Malta), Ltd. 	 
	 	 
	/s/ Grant Johnson	 
	By:	Grant Johnson 	 
	Title:  	Chief Executive Officer 	 
	 	 	 
	/s/ Christopher Malone	 
	By:	Christopher Malone 	 
	Title:	Vice President of FinanceExhibit 10.14

 

CFO CONSULTING AGREEMENT

 

CFO CONSULTING AGREEMENT
dated as of February 22 2020 (this “Agreement”), between Esports Entertainment Group, Inc, a Nevada Corporation,
(the “Company”), and James S. Cardwell (the “Consultant”).

 

WHEREAS, the Board
of Directors of the Company desires to engage Consultant to provide consulting services, upon the terms and subject to the conditions
hereinafter set forth; and

 

WHEREAS, the Consultant
has agreed to provide such consulting services, upon the terms and subject to the conditions hereinafter set forth;

 

WHEREAS, the Company
has agreed to and entered into a separate consulting service agreement for pre-audit services and SEC compliance services with
The CFO Squad LLC dated June 10, 2019 (the “CFO Squad Agreement”);

 

NOW, THEREFORE, in
consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of which hereby
are acknowledged, the parties hereto agree as follows:

 

	1.	Independent Consultant. The Company, through the action of its Board of Directors (the “Board”),
hereby engages the Consultant, and the Consultant will serve the Company, as a consultant. During the term of this Agreement, the
Consultant will serve as the non-employee chief financial officer (“CFO”) of the Company on a part-time basis. The
Company confirms that the Consultant has been duly appointed as the CFO of the Company and will remain as an executive officer
of the Company during the term of this Agreement.

 

	2.	Duties, Term, and Compensation. The Consultant’s duties, term of engagement, compensation
and provisions for payment thereof are detailed in the attached Exhibit A, which may be amended in writing from time to time by
the Consultant and agreed to by the Company, and which collectively are hereby incorporated by reference.

 

	3.	Expenses. During the term of this Agreement, the Consultant shall bill and the Company shall
reimburse the Consultant for all reasonable and approved out-of-pocket expenses which are incurred in connection with the performance
of the duties hereunder.

 

	4.	Confidentiality. The Consultant acknowledges that during the engagement he will have access
to and become acquainted with various trade secrets, inventions, innovations, processes, information, records and specifications
owned or licensed by the Company and/or used by the Company in connection with the operation of its business including, without
limitation, the Company’s business and product processes, methods, customer lists, accounts and procedures. The Consultant
agrees that he will not disclose any of the aforesaid, directly or indirectly, or use any of them in any manner, either during
the term of this Agreement or at any time thereafter, except as required in the course of this engagement with the Company. All
files, records, documents, blueprints, specifications, information, letters, notes, media lists, original artwork/creative, notebooks,
and similar items relating to the business of the Company, whether prepared by the Consultant or otherwise coming into his possession,
shall remain the exclusive property of the Company. The Consultant shall not retain any copies of the foregoing without the Company’s
prior written permission. Upon the expiration or earlier termination of this Agreement, or whenever requested by the Company, the
Consultant shall immediately deliver to the Company all such files, records, documents, specifications, information, and other
items in his possession or under his control.

 

	5.	Conflicts of Interest; Non-hire Provision. The Consultant represents that he is free to
enter into this Agreement, and that this engagement does not violate the terms of any agreement between the Consultant and any
third party. Further, the Consultant, in rendering his duties shall not utilize any invention, discovery, development, improvement,
innovation, or trade secret in which he does not have a proprietary interest. During the term of this agreement, the Consultant
shall devote as much of his productive time, energy and abilities to the performance of his duties hereunder as is necessary to
perform the required duties in a timely and productive manner. The Company acknowledges that this Agreement only obligates the
Consultant to serve a limited percent of his working time with the Company, that the Consultant has numerous other commitments.
The Consultant is expressly free to perform services for other parties while performing services for the Company and is permitted
to be employed by The CFO Squad LLC.

 

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	6.	Indemnification : The Company agrees to defend, indemnify (including, without limitation,
by providing for the advancement of expenses and reasonable attorneys’ fees) and hold harmless the Consultant for any and
all acts taken or omitted to be taken by the Consultant hereunder (except for bad faith, gross negligence or willful misconduct)
as if the Consultant was an officer of the Company as provided in the charter and bylaws of the Company in accordance with the
same terms, conditions, limitations, standards, duties, rights and obligations as an officer. The provisions of this Section shall
survive any termination of this Agreement.

 

	7.	Merger. This Agreement shall automatically terminate upon the merger or consolidation of
the Company into or with any other entity.

 

	8.	Termination. Either party may terminate this Agreement at any time by thirty (30) days written
notice by either party, but shall automatically terminate after thirty (30) days if for any reason the Company has terminated its
CFO Squad Agreement for Pre-Audit Services and SEC Compliance Services.

 

	9.	Independent Consultant. This Agreement shall not render the Consultant an employee, partner,
agent of, or joint venturer with the Company for any purpose. The Consultant is and will remain an independent Consultant in his
relationship to the Company. The Company shall not be responsible for withholding taxes with respect to the Consultant’s
compensation hereunder. The Consultant shall have no claim against the Company hereunder or otherwise for vacation pay, sick leave,
retirement benefits, social security, worker’s compensation, health or disability benefits, unemployment insurance benefits,
or employee benefits of any kind.

 

	10.	Successors and Assigns. All of the provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective heirs, if any, successors, and assigns.

 

	11.	Choice of Law. The laws of the state of New York shall govern the validity of this Agreement,
the construction of its terms and the interpretation of the rights and duties of the parties hereto.

 

	12.	Arbitration. Any controversies arising out of the terms of this Agreement or its interpretation
shall be settled in New York, New York in accordance with the rules of the American Arbitration Association, and the judgment upon
award may be entered in any court having jurisdiction thereof.

 

	13.	Headings.  Section headings are not to be considered a part of this Agreement and are not
intended to be a full and accurate description of the contents hereof.

 

	14.	Waiver. Waiver by one party hereto of breach of
any provision of this Agreement by the other shall not operate or be construed as a continuing waiver.

 

		15.	Assignment. The Consultant shall not assign any
of his rights under this Agreement, or delegate the performance of any of his duties hereunder, without the prior written consent
of the Company.

 

		16.	Notices. Any and all notices, demands, or other
communications required or desired to be given hereunder by any party shall be in writing and shall be validly given or made to
another party if personally served, or if deposited in the United States mail, certified or registered, postage prepaid, return
receipt requested. If such notice or demand is served personally, notice shall be deemed constructively made at the time of such
personal service. If such notice, demand or other communication is given by mail, such notice shall be conclusively deemed given
five days after deposit thereof in the United States mail addressed to the party to whom such notice, demand or other communication
is to be given as follows:

 

	If to the Consultant:	 James S. Cardwell
	 	3105 Peconic Lane, POB 312
	 	Peconic, NY 11958
	 	JCardwell@CFOSquad.com

 

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	With a courtesy copy to:	The CFO Squad LLP
	 	c/o Joseph Himy, Managing Member
	 	575 Lexington Ave, 4FL
	 	New York, NY 10025
	 	jhimy@cfosquad.com
	 	 
	If to the Company:	Esports Entertainment Group, Inc
	 	Grant Johnson, Chief Executive Officer
	 	grant@esportsentertainmentgroup.com

 

With a courtesy copy to:

 

Any party hereto may change its address for purposes of this
paragraph by written notice given in the manner provided above.

 

	17.	Modification or Amendment. No amendment, change
or modification of this Agreement shall be valid unless in writing signed by the parties hereto.

 

	18.	Entire Understanding. This document and any exhibit attached constitute the entire understanding and agreement of the
parties, and any and all prior agreements, understandings, and representations are hereby terminated and canceled in their entirety
and are of no further force and effect.

 

	19.	Unenforceability of Provisions. If any provision of this Agreement, or any portion thereof, is held to be invalid and
unenforceable, then the remainder of this Agreement shall nevertheless remain in full force and effect.

 

IN WITNESS WHEREOF the undersigned have executed this Agreement
as of the day and year first written above. The parties hereto agree that facsimile signatures shall be as effective as if originals.

 

	Esports Entertainment Group, Inc.	 	James S. Cardwell
	 	 	 	 	 
	By:	/s/ Grant Johnson	 	By:	/s/ James S. Cardwell
	 	Grant Johnson, Chief Executive Officer	 	 	 
	 	 	 	 	 
	Date:	February 22, 2020	 	Date:	February 22, 2020

 

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SCHEDULE A

 

DUTIES, TERM, AND COMPENSATION

 

		DUTIES:	The Consultant will perform all duties typically required of a Chief Financial Officer, including,
but not limited to accounting oversight for the preparation of quarterly and annual financial statements to be filed with the SEC,
filings required on Forms 8-K, 10-Q and 10-K and such other filings as may be required that are prepared by The CFO Squad LLC pursuant
to CFO Squad Agreement with NanoVibronix Inc’s independent public accountants with respect to quarterly reviews and annual
audits.

 

He will report directly to Grant
Johnson, CEO and to any other party designated by Grant Johnson in connection with the performance of the duties under this Agreement
and shall fulfill any other duties reasonably requested by the Company and agreed to by the Consultant.

 

The Company will accept and maintain
all responsibility for its day-to-day accounting and bookkeeping functions and the Company and its subsidiaries and further warrants
that it is in full compliance with any and all its corporate income taxes and/or payroll tax requirement and/or filings and will
continue to provide for and will timely make any and all future tax payments required by the Company and/or its subsidiaries.

 

		TERM:	This engagement shall commence upon execution of this Agreement and shall continue in full force
and effect for a period of one (1) year. The agreement may only be extended thereafter by mutual agreement, unless terminated earlier
by operation of and in accordance with this Agreement. This Agreement will automatically terminate if for any reason the CFO Squad
Agreement is terminated, or expires without renewal and/or upon termination, lapse or failure to obtain and/or maintain the Company’s
D&O insurance policy.

 

COMPENSATION:

 

As compensation for the services
rendered pursuant to this Agreement, Company shall pay Consultant a minimum of One Thousand Seven Hundred Fifty ($1,750) dollars
upon signing and for each every per month for up to seven (7) hours thereafter payable on the first business day
of each month provided the Company has engaged and continues to engage The CFO Squad LLC under the CFO Squad Agreement to provide
Pre-Audit Services and SEC Compliance services. Any additional hours in excess of seven (7) hours during any single month, if any,
shall be included, billed separately either 1) billed and paid pursuant to the CFO Squad Agreement if incurred on a weekday during
normal working business hours, or 2) billed separately by the Consultant if incurred during any other time of day or week.

 

 

 

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