Document:

Exhibit 10.1

 

ESPORTS
ENTERTAINMENT GROUP, INC.

2017
STOCK INCENTIVE PLAN

 

1.
Purpose. This is intended to advance the interests of Esports Entertainment Group, Inc. (the “Company”) and its
shareholders, by encouraging and enabling selected officers, directors, consultants and key employees upon whose judgment, initiative
and effort the Company is largely dependent for the successful conduct of its business, to acquire and retain a proprietary interest
in the Company by ownership of its stock.

 

2.
Definitions.

 

(a)
“Board” means the Board of Directors of the Company.

 

(b)
“Bonus Shares” shall mean the shares of common stock of the Company issued to a Recipient pursuant to this Plan.

 

(c)
“Committee” means the directors duly appointed to administer the Plan.

 

(d)
“Common Stock” means the Company’s Common Stock.

 

(e)
“Date of Grant” means the date on which an Option or Stock Bonus is granted under the Plan.

 

(f)
“Option” means an Option granted under the Plan.

 

(g)
“Optionee” means a person to whom an Option, which has not expired, has been granted under the Plan.

 

(h)
“Recipient” shall mean any individual rendering services for the Company to whom shares are granted pursuant to this
Plan.

 

(i)
“Successor” means the legal representative of the estate of a deceased optionee or the person or persons who acquire
the right to exercise an Option by bequest or inheritance or by reason of the death of any Optionee.

 

3. Administration
of Plan. The Plan shall be administered by the Company’s Board of Directors or in the alternative, by a committee
of two or more directors appointed by the Board (the “Committee”). If a Committee should be appointed, the
Committee shall report all action taken by it to the Board. The Committee shall have full and final authority in its
discretion, subject to the provisions of the Plan, to determine the individuals to whom and the number of Options or Bonus
Shares which will be granted; to construe and interpret the Plan; to establish any vesting provisions for Options or Bonus
Shares, to determine the terms and provisions of each Option (which need not be identical), including, but without
limitation, terms covering the payment of the Option Price; and to make all other determinations and take all other actions
deemed necessary or advisable for the proper administration of the Plan. For purposes of this Plan, vesting means the period
during which the Recipient must remain an employee, provide services for the Company or otherwise satisfy any other
conditions specified by the Committee at the time of the grant of the Bonus Shares. All such actions and determinations shall
be conclusively binding for all purposes and upon all persons.

 

     

     

    

 

4.
Common Stock Subject to Plan. The aggregate number of shares of the Company’s Common Stock which may be issued pursuant
to the Plan shall not exceed 2,500,000 (Two Million Five Hundred Thousand) of which any number may be used for Incentive Stock
Options, Non-Qualified Stock Options or Stock Bonuses. The shares of Common Stock to be issued pursuant to the Plan may be authorized
but unissued shares, shares issued and reacquired by the Company or shares bought on the market for the purposes of the Plan.
In the event any Option shall, for any reason, terminate or expire or be surrendered without having been exercised in full, the
shares subject to such Option but not purchased thereunder shall again be available for Options to be granted under the Plan.
In the event any Bonus Shares shall be cancelled, due to any forfeiture or vesting provisions, the Bonus Shares subject to such
grant shall again be available for issuance under the Plan.

 

5.
Incentive Stock Options.

 

(a)
Participants. Options will be granted only to persons who are employees of the Company or subsidiaries of the Company and
only in connection with any such person’s employment. The term “employees” shall include officers as well as other employees,
and the officers and other employees who are directors of the Company. The Committee will determine the employees to be granted
options and the number of shares subject to each option.

 

(b)
Option Price. The purchase price of each option shall not be less than 100% of the fair market value of the Company’s common
stock at the time of the granting of the option provided, however, if the optionee, at the time the option is granted, owns stock
possessing more than 10% of the total combined voting power of all classes of stock of the Company, the purchase price of the
option shall not be less than 110% of the fair market value of the stock at the time of the granting of the option.

 

(c)
Period of Option. The maximum period for exercising an option shall be 10 years from the date upon which the option is
granted, provided, however, if the optionee, at the time the option is granted, owns stock possessing more than 10% of the total
combined voting power of all classes of stock of the Company, the maximum period for exercising an option shall be five years
from the date upon which the option is granted and provided further, however, that these periods may be shortened in accordance
with the provisions of Paragraph 7 below.

 

Subject
to the foregoing, the period during which each option may be exercised, and the expiration date of each Option shall be fixed
by the Committee.

 

If
an optionee shall cease to be employed by the Company due to disability, as defined in Section 22(e)(3) of the Code, he may, but
only within the one year next succeeding such cessation of employment, exercise his option to the extent that he was entitled
to exercise it on the date of such cessation. The Plan will not confer upon any optionee any right with respect to continuance
of employment by the Company, nor will it interfere in any way with his right, or his employer’s right, to terminate his employment
at any time.

 

    2

     

    

 

(d)
Vesting of Shareholder Rights. Neither an Optionee nor his successor shall have any rights as a shareholder of the Company
until the certificates evidencing the shares purchased are properly delivered to such Optionee or his successor.

 

(e)
Exercise of Option. Each Option shall be exercisable from time to time during a period (or periods) determined by the Committee
and ending upon the expiration or termination of the Option; provided, however, the Committee may, by the provisions of any Option
Agreement, limit the number of shares purchaseable thereunder in any period or periods of time during which the Option is exercisable.
An Option shall not be exercisable in whole or in part prior to the date of shareholder approval of the Plan.

 

(f)
Nontransferability of Option. No Option shall be transferable or assignable by an Optionee, otherwise than by will or the
laws of descent and distribution and each Option shall be exercisable, during the Optionee’s lifetime, only by him. No Option
shall be pledged or hypothecated in any way and no Option shall be subject to execution, attachment, or similar process except
with the express consent of the Committee.

 

(g)
Death of Optionee. In the event of the death of an optionee while in the employ of the Company, the option theretofore
granted to him shall be exercisable only within the three months succeeding such death and then only (i) by the person or persons
to whom the optionee’s rights under the option shall pass by the optionee’s will or by the laws of descent and distribution, and
(ii) if and to the extent that he was entitled to exercise the option at the date of his death.

 

(h)
Assumed Options. In connection with any transaction to which Section 424(a) of the Code is applicable, options may be granted
pursuant hereto in substitution of existing options or existing options may be assumed as prescribed by that Section and any regulations
issued thereunder. Notwithstanding anything to the contrary contained in this Plan, options granted pursuant to this Paragraph
shall be at prices and shall contain such terms, provisions, and conditions as may be determined by the Committee and shall include
such provisions and conditions as may be necessary to meet the requirements of Section 424(a) of the Code.

 

(i).
Certain Dispositions of Shares. Any options granted pursuant to this Plan shall be conditioned such that if, within the
earlier of (i) the two-year period beginning on the date of grant of an option or (ii) the one-year period beginning on the date
after which any share of stock is transferred to an individual pursuant to his exercise of an option, such an individual makes
a disposition of such share of stock by way of sale, exchange, gift, transfer of legal title, or otherwise, such individual shall
promptly report such disposition to the Company in writing and shall furnish to the Company such details concerning such disposition
as the Company may reasonably request.

 

6.
Non-Qualified Stock Options.

 

(a)
Participants. Options may be granted under the Plan to employees, directors and officers, and consultants or advisors to
the Company (or the Company’s subsidiaries), provided however that bona fide services shall be rendered by such consultants or
advisors and such services must not be in connection with the offer or sale of securities in a capital-raising transaction.

 

    3

     

    

 

(b)
Option Price. The Option Price per share with respect to each Option shall be determined by the Committee.

 

(c)
Period of Option. The period during which each option may be exercised, and the expiration date of each Option shall be
fixed by the Committee, but, notwithstanding any provision of the Plan to the contrary, such expiration date shall not be more
than ten years from the date of Grant.

 

(d)
Vesting of Shareholder Rights. Neither an Optionee nor his successor shall have any rights as a shareholder of the Company
until the certificates evidencing the shares purchased are properly delivered to such Optionee or his successor.

 

(e)
Exercise of Option. Each Option shall be exercisable from time to time during a period (or periods) determined by the Committee
and ending upon the expiration or termination of the Option; provided, however, the Committee may, by the provisions of any Option
Agreement, limit the number of shares purchasable thereunder in any period or periods of time during which the Option is exercisable.

 

(f)
Nontransferabilitv of Option. No Option shall be transferable or assignable by an Optionee, otherwise than by will or the
laws of descent and distribution and each Option shall be exercisable, during the Optionee’s lifetime, only by him. No Option
shall be pledged or hypothecated in any way and no Option shall be subject to execution, attachment, or similar process except
with the express consent of the Committee.

 

(g)
Death of Optionee. In the event of the death of an Optionee, an option theretofore granted to the Optionee shall be exercisable
only (i) by the person or persons to whom the Optionee’s rights under the option shall pass by the Optionee’s will or by the laws
of descent and distribution; and (ii) if and only to the extent that the Optionee was entitled to exercise the option at the date
of death.

 

7.
Stock Bonus Awards.

 

(a)
Participants. Bonus Shares may be granted under the Plan to the Company’s (or the Company’s subsidiaries) employees, directors
and officers, and consultants or advisors to the Company (or its subsidiaries), provided however that bona fide services shall
be rendered by such consultants or advisors and such services must not be in connection with the offer or sale of securities in
a capital-raising transaction.

 

(b)
Grants. The Committee, in its sole discretion, is empowered to grant to an eligible Participant a number of Bonus Shares
as it shall determine from time to time. Each grant of these Bonus Shares shall become vested according to a schedule to be established
by the Committee directors at the time of the grant.

 

    4

     

    

 

8.
Reclassification, Consolidation, or Merger. In the event the shares of common stock of the Company should, as a result
of a stock split or stock dividend, or combination of shares or any other change, or exchange for other securities by reclassification,
reorganization, merger, consolidation, recapitalization or otherwise, be increased or decreased or changed into or exchanged for,
a different number or kind of shares of stock or other securities of the Company or of another corporation, the number of shares
then remaining in the Plan shall be appropriately adjusted to reflect such action, and the number of shares subject to any Option
and the Option exercise price per share shall be proportionately adjusted by the Committee, whose determination shall be conclusive.
If the Corporation is reorganized or consolidated or merged with another corporation, an Optionee granted an Option hereunder
shall be entitled to receive Options covering shares of such reorganized, consolidated, or merged company in the same proportion,
at an equivalent price, and subject to the same conditions. The new Option or assumption of the old Option shall not give Optionee
additional benefits which he did not have under the old Option, or deprive him of benefits which he had under the old Option.

 

9.
Restrictions on Issuing Shares. The exercise of each Option or the grant of any Bonus Shares shall be subject to the condition
that if at any time the Company shall determine in its discretion that the satisfaction of withholdingtax or other withholding
liabilities, or that the listing, registration, or qualification of any shares otherwise deliverable upon any securities exchange
or under any state or federal law, or that the consent or approval of any regulatory body, is necessary or desirable as a condition
of, or in connection with, such exercise or the delivery or purchase of shares, then in any such event, such exercise or grant
shall not be effective unless such withholding, listing, registration, qualification, consent, or approval shall have been effected
or obtained free of any conditions not acceptable to the Company.

 

Unless
the shares of stock covered by the Plan have been registered with the Securities and Exchange Commission pursuant to Section 5
of the Securities Act of 1933, each Optionee or Recipient shall, represent and agree, for himself and his transferees by will
or the laws of descent and distribution, that all shares of stock purchased upon the exercise of the Option or received as Bonus
Shares will be acquired for investment and not for resale or distribution. Upon the exercise of option, the person entitled to
exercise the same shall, upon request of the Company, furnish evidence satisfactory to the Company (including a written and signed
representation) to the effect that the shares of stock are being acquired in good faith for investment and not for resale or distribution.
Furthermore, the Company may, if it deems appropriate, affix a legend to certificates representing shares of stock pursuant to
the Plan indicating that such shares have not been registered with the Securities and Exchange Commission and may so notify the
Company’s transfer agent. Such shares may be disposed of by an optionee in the following manner only: (1) pursuant to an effective
registration statement covering such resale or reoffer, (2) pursuant to an applicable exemption from registration as indicated
in a written opinion of counsel acceptable to the Company, or (3) in a transaction that meets all the requirements of Rule 144
of the Securities and Exchange Commission. If shares of stock covered by the Plan have been registered with the Securities and
Exchange Commission, no such restrictions on resale shall apply, except in the case of Optionees or Recipients who are directors,
officers, or principal shareholders of the Company. Such persons may dispose of shares only by one of the three aforesaid methods.

 

    5

     

    

 

10.
Amendment, Suspension, and Termination of Plan. The Board of Directors may alter, suspend, or discontinue the Plan, but
may not, without the approval of a majority of those holders of the Company’s common stock voting in person or by proxy, make
any alteration or amendment thereof which operates to make any material change in the class of eligible employees, extend the
term of the Plan or the maximum option periods provided, decrease the minimum option price provided, except as provided Section
8, or materially increase the benefits accruing to employees participating under this Plan.

 

Unless
the Plan shall theretofore have been terminated by the Board, the Plan shall terminate ten years after the adoption of the Plan.
No Option or Bonus Shares may be granted during any suspension or after the termination of the Plan. No amendment, suspension,
or termination of the Plan shall, without an Optionee’s consent, alter or impair any of the rights or obligations under any Option
theretofore granted to such Optionee under the Plan.

 

11.
Limitations. Every right of action by any person receiving options pursuant to this Plan against any past, present or future
member of the Board, or any officer or employee of the Company arising out of or in connection with this Plan shall, irrespective
of the place where such action may be brought and irrespective of the place of residence of any such director, officer or employee
cease and be barred by the expiration of one year from the date of the act or omission in respect of which such right of action
arises.

 

12.
Governing Law. The Plan shall be governed by the laws of the State of Nevada.

 

13.
Expenses of Administration. All costs and expenses incurred in the operation and administration of this Plan shall be borne
by the Company.

 

 6Exhibit 10.10

 

VGAMBLING INC.

 

CONSENT RESOLUTION OF THE DIRECTORS

 

WE, the undersigned being all the Directors of VGAMBLING INC.
(the “Company”), HEREBY RESOLVE THAT:

 

		1.	Notice
                                         of this meeting is hereby waived.

 

		2.	RESOLVED,
                                         that The base salary of Grant Johnson is to be increased form $5,000
                                         USD /month to $10,000 USD/ Month effect June
                                         1st 2017

 

		3.	RESOLVED
                                         FURTHER, that the Officers of this Corporation are
                                         authorized and directed to take any action necessary to effectuate the foregoing resolution.

 

Dated this 15th day of May, 2017.

 

For and on behalf of all the Directors of VGambling Inc.

 

Per: /s/ Grant Johnson

 

Per: /s/ Yan Rozum

 

Per: /s/ David George Atmore Watt

 

     

     

    

 

EMPLOYMENT AGREEMENT

 

This employment agreement (this “Agreement”) , dated
as of June 1, 2017 (the “Effective Date”), is made by and between Esports Entertainment Group, Inc., a Nevada corporation
(the “Company”), and Grant Johnson (the “Executive”) (each, a “Party” and together, the “Parties”).

 

WHEREAS, the Executive is currently employed as President and
Chief Executive Officer of the Company and all of its subsidiaries; and

 

WHEREAS, the Parties wish to establish the terms of the Executive’s
continued employment by the Company and all of its subsidiaries;

 

NOW, THEREFORE, in consideration of the
foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows:

 

1. POSITION/DUTIES.

 

(a) During the Employment Term (as defined
in Section 2 below) , the Executive shall serve as a Chief Executive Officer and President of the Company and all of its subsidiaries.
lo this capacity the 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 Board of Directors of the Company (the “Board”)
shall designate. The Executive shall report directly to the Board. The Executive shall obey the lawful directions of the Board
and shall use his diligent efforts to promote the interests of the Company and all of its subsidiaries and to maintain and promote
the reputation thereof.

 

(b) During the Employment Term, the Executive
shall use his best efforts to perform his duties under this Agreement and shall devote all of his business time, energy and skill
in the performance of bis duties with the Company. The Executive shall not during the Employment Term (except as a representative
of the Company and all of its subsidiaries or with consent in writing of the Board) be directly or indirectly engaged or concerned
in any other business activity. Notwithstanding the foregoing provisions, the Executive is not prohibited from (1) participating
in charitable, civic, educational, professional or community affairs or serving on the board of directors or advisory committees
of non-profit entities , and (2) managing his and his family’s personal investments, in each case, provided that such activities
in the aggregate do not materially interfere with his duties hereunder.

 

2. EMPLOYMENT TERM. Except for
earlier termination as provided in Section 6, the Executive’s employment under this Agreement shall be for a two-year term commencing
on the Effective Date and ending on May 31, 2019 (the “Initial Term”). Subject to Section 6, the Initial Term shall
be automatically extended for additional terms of successive one-year periods (the “Additional Term”) unless the Company
or the Executive gives written notice to the other of the termination of the Executive’s employment hereunder at least 90 days
prior to the expiration of the Initial Term or Additional Term. The initial Term and any Additional Term shall be referred to
herein as the “Employment Term.”

 

3. BASE
SALARY. The Company agrees to pay to the Executive a base salary at an annual rate of not less than US$120,000, payable
in accordance with the regular payroll
practices of the Company. The Executive’s Bas e Salary shall be subject to annual review by the Board (or a committee thereof).
The base salary as determined herein from time to time shall constitute “Base Salary” for purposes of this Agreement.

 

4. BONUS. With respect to each
full fiscal year during the Employment Term, the Executive shall be eligible to earn an annual bonus (the “Annual Bonus”)
in such amount, if any, as determined in the sole discretion of the Board of up to 50% of the Executive’s Base Salary. In addition,
the Executive shall be eligible to participate in the Company’s bonus and other incentive compensation plans and programs (if
any) for the Company’s senior executives at a level commensurate with his position and may be entitled to bonus payments in addition
to the amount set forth hereinabove.

 

    1

     

    

  

5. EMPLOYEE
BENEFITS.

 

(a) Benefit Plans. The Executive
shall be eligible to participate in any employee benefit plan of the Company and all of its subsidiaries , including, but not
limited to, equity, pension, thrift, profit sharing, medical coverage, education, or other retirement or welfare benefits that
the Company has adopted or may adopt, maintain or contribute to for the benefit of its senior executives , at a level commensurate
with his positions, subject to satisfying the applicable eligibility requirements. The Company may at any time or from time to
time amend, modify, suspend or terminate any employee benefit plan, program or arrangement for any reason in its sole discretion.

 

(b) Vacation. The Executive shall
be entitled to an annual paid vacation in accordance with the Company’s policy applicable to senior executives from time to time
in effect , but in no event less than four weeks per calendar year (as prorated for partial years), which vacation may be taken
at such times as the Executive elects with due regard to the needs of the Company. The carry-over of vacation days shall be in
accordance with the Company’s policy applicable to senior executives from time to time in effect.

 

(c) Business and Entertainment Expenses.
Upon presentation of appropriate documentation, the Executive shall be reimbursed for all reasonable and necessary business
and entertainment expenses incurred in connection with the performance
of his duties hereunder, all in accordance with the Company’s expense reimbursement policy applicable to senior executives from
time to time in effect.

 

6. TERMINATION. The Executive’s
employment and the Employment Term shall terminate on the first of the following to occur:

 

(a) Disability. The thirtieth (30th)
day following written notice by the Company to the Executive of termination due to Disability. For purposes of this Agreement,
“Disability” shall mean a determination by the Company in accordance with applicable law that due to a physical or mental
injury, infirmity or incapacity, the Executive is unable to perform the essential functions of his job with or without accommodation
for 180 days (whether or not consecutive) during any 12-month period.

 

(b) Death. Automatically on the
date of death of the Executive.

 

(c) Cause. Immediately upon written
notice by the Company to the Executive of a termination for Cause. “Cause” shall mean, as determined by the Board
(or its designee) (1) conduct by the Executive in connection with his employment duties or responsibilities that is fraudulent,
unlawful or grossly negligent; (2) the willful misconduct of the Executive; (3) the willful and continued failure of the Executive
to perform the Executive’s duties with the Company (other than any such failure resulting from incapacity due to physical
or mental illness) ; (4) the commission by the Executive of any felony (or the equivalent under the law of the People’s
Republic of China) (other than traffic-related offenses) or any crime involving moral turpitude; (5) violation of any material
policy of the Company or any material provision of the Company’s code of conduct, employee handbook or similar documents;
or (6) any material breach by the Executive of any provision of this Agreement or any other written agreement entered into by
the Executive with the Company.

 

(d) Without Cause. On the thirtieth
(30th) day following written notice by the Company to the Executive of an involuntary termination without Cause, other than for
death or Disability.

 

(e) Good Reason. On the sixtieth
(60th) day following written notice by the Executive to the Company of a termination for Good Reason. “Good Reason”
shall mean, without the express written consent of the Executive, the occurrence of any the following events unless such events
are cured (if curable) by the Company within fifteen days following receipt of written notification by the Executive to the Company
that he intends to terminate his employment hereunder for one of the reasons set forth below: any material reduction or diminution
(except temporarily during any period of incapacity due to physical or mental illness) in the Executive’s title, authorities,
duties or responsibilities or reporting requirements with the Company.

 

    2

     

    

  

7. CONSEQUENCES
OF TERMINATION.

 

(a) Disability. Upon termination
of the Employment Term because of the Executive’ s Disability, the Company shall pay or provide to the Executive (1) any unpaid
Base Salary and any accrued vacation through the date of termination; (2) any unpaid Annual Bonus accrued with respect to the
fiscal year ending on or preceding the date of termination; (3) reimbursement for any unreimbursed expenses properly incurred
through the date of termination; and (4) all other payments or benefits to which the Executive may be entitled under the terms
of any applicable employee benefit plan, program or arrangement (collectively, “Accrued Benefits”).

 

(b) Death. Upon the termination
of the Employment Term because of the Executive’s death, the Executive’s estate shall be entitled to any Accrued Benefits.

 

(c)
Termination for Cause. Upon the termination of the Employment Term by the Company for Cause or by either party in connection
with a failure to renew this Agreement, the Company shall pay to the Executive any Accrued Benefits.

 

(d) Termination without Cause
or for Good Reason. Upon the termination of the Employment Term by the Company without Cause or by the Executive with Good
Reason, the Company shall pay or provide to the Executive (I) the
Accrued Benefits, and (2) subject to the Executive’s execution (and non-revocation) of a general release of claims against the
Company and its affiliates in a form reasonably requested by the Company, (A) continued payment of his Base Salary for two (2)
months after termination, payable in accordance with the regular payroll practices of the Company, but off the payroll; and (8)
payment of the Executive’s cost of continued medical coverage for two (2) months after termination (subject to the Executive’s
co-payment of the costs in the same proportion as such costs were shared immediately prior to the date of termination).2 Payments
provided under this Section 7(d) shall be in lieu of any termination or severance payments or benefits for which the Executive
may be eligible under any of the plans, policies or programs of the Company.

 

8. NO ASSIGNMENT. This Agreement
is personal to each of the Parties. Except as provided below, no Party may assign or delegate any rights or obligations hereunder
without first obtaining the written consent of the other Party hereto: provided, however, that the Company may assign this
Agreement to any successor (whether direct or indirect , by purchase, merger, consolidation or otherwise) to all or substantially
all of the business or assets of the Company.

 

9. NOTICES. For the purpose of
this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to
have been duly given (1) on the date of delivery if delivered by hand, (2) on the date of transmission, if delivered by confirmed
facsimile, (3) on the first business day following the date of deposit if delivered by guaranteed overnight delivery service,
or (4) on the fourth business day following the date delivered or mailed by United States registered or certified mail, return
receipt requested, postage prepaid, addressed as follows:

 

If to the Executive:

 

At the address (or to the facsimile number) shown on the records
of the Company 

 

If to the Company:

 

Esports Entertainment Group, Inc. 

Commercial Centre , Jolly Harbour 

St. Mary’s,
Antigua

 

or to such other address as either Party may have furnished
to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.

 

    3

     

    

 

10. PROTECTION OF THE COMPANY’S BUSINESS.

 

(a) Confidentiality. The Executive
acknowledges that during the course of his employment by the Company (prior to and during the Employment Term) he has and will
occupy a position of trust and confidence. The Executive shall hold in a fiduciary capacity for the benefit of the Company and
shall not disclose to others or use, whether directly or indirectly, any Confidential Information regarding the Company, except
(i) as in good faith deemed necessary by the Executive to perform his duties hereunder, (ii) to enforce any rights or defend any
claims hereunder or under any other agreement to which the Executive is a party, provided that such disclosure is relevant
to the enforcement of such rights or defense of such claims and is only disclosed in the formal proceedings related thereto, (iii)
when required to do so by a court of law, by any governmental agency having supervisory authority over the business of the Company
or by any administrative or legislative body (including a committee thereof) with jurisdiction to order him to divulge , disclose
or make accessible such information , provided that the Executive shall give prompt written notice to the Company of such
requirement, disclose no more information than is so required, and cooperate with any attempts by the Company to obtain a protective
order or similar treatment , (iv) as to such Confidential Information that shall have become public or known in the Company’s
industry other than by the Executive’s unauthorized disclosure, or (v) to the Executive’s spouse, attorney and/or bis personal
tax and financial advisors as reasonably necessary or appropriate to advance the Executive’s tax, financial and other personal
planning (each an “Exempt Person”). provided, however, that any disclosure or use of Confidential Information
by an Exempt Person shall be deemed to be a breach of this Section 10(a) by the Executive. The Executive shall take all reasonable
steps to safeguard the Confidential Information and to protect it against disclosure, misuse, espionage, loss and theft. The Executive
understands and agrees that the Executive shall acquire no rights to any such Confidential Information. “Confidential Information”
shall mean information about the Company, its subsidiaries and affiliates, and their respective clients and customers that is
not disclosed by the Company and that was learned by the Executive in the course of his employment by the Company, including,
but not limited to, any proprietary knowledge, trade secrets, data and databases, formulae, sales, financial, marketing, training
and technical information, client, customer, supplier and vendor lists, competitive strategies, computer programs and all papers,
resumes, and records (including computer records) of the documents containing such Confidential Information.

 

(b) Non-Competition. During the
Employment Term and for the one-year period following the termination of the Executive’s employment for any reason (the “Restricted
Period”), the Executive shall not, directly or indirectly, without the prior written consent of the Company, provide employment
(including self-employment), directorship, consultative or other services to any business, individual, partner, firm, corporation,
or other entity that competes with any business conducted by the Company or any of its subsidiaries or affiliates on the date
of the Executive’s termination of employment or within one year of the Executive’s termination of employment in the geographic
locations where the Company and its subsidiaries or affiliates engage or propose to engage in such business (the “Business”).
Nothing herein shall prevent the Executive from having a passive ownership interest of not more than 2% of the outstanding securities
of any entity engaged in the Business whose securities are traded on a national securities exchange.

 

(c) Non-Solicitation
of Employees. The Executive recognizes that he possesses and will possess confidential information about other employees of
the Company and its subsidiaries and affiliates relating to their education, experience, skills, abilities, compensation
and benefits, and inter-personal relationships with customers of the Company and its subsidiaries and affiliates. The Executive
recognizes that the information be possesses and will possess about these other employees
is not generally known, is of substantial value to the Company and its subsidiaries and affiliates in developing their business
and in securing and retaining customers, and has been and will be acquired by him because of his business position with the Company.
The Executive agrees that, during the Restricted Period, he will not, directly or indirectly, (i) solicit or recruit any employee
of the Company or any of its subsidiaries or affiliates (a “Current Employee”) or any person who was an employee of
the Company or any of its subsidiaries or affiliates during the twelve (12) month period immediately prior to the date the Executive’s
employment terminates (a “Former Employee”) for the purpose of being employed by him or any other entity, or (ii) hire
any Current Employee or Former Employee.

 

(d) Non-Solicitation
of Customers. The Executive agrees that, during the Restricted Period, he will not, directly or indirectly, solicit or attempt
to solicit (i) any party who is a customer or client of the Company or its subsidiaries, who was a customer or client of
the Company or its subsidiaries at any time during the twelve (12) month period immediately prior to the date the Executive’s
employment terminates or who is a prospective customer or client that has been identified and targeted by the Company or its subsidiaries
for the purpose of marketing, selling or providing to any such party any services or products offered by or available from the
Company or its subsidiaries, or (ii) any supplier or vendor to the Company or any subsidiary to terminate, reduce or alter negatively
its relationship with the Company or any subsidiary or in any manner interfere with any agreement or contract between the Company
or any subsidiary and such supplier or vendor.

 

    4

     

    

 

(e) Property.
The Executive acknowledges that all originals and copies of materials, records and documents generated by him or coming into
his possession during his employment by the Company or its subsidiaries are the sole property of the Company and its subsidiaries
(“Company Property”). During the Employment Term, and at all times thereafter, the Executive shall not remove, or cause
to be removed, from the premises of the Company or its subsidiaries, copies of any record, file, memorandum, document,
computer related information or equipment, or any other item relating to the business of the Company or its subsidiaries, except
in furtherance of his duties under this Agreement. When the Executive’s employment with the Company terminates, or upon request
of the Company at any time, the Executive shall promptly deliver to the Company all copies of Company Property in his possession
or control.

 

(t) Non-Disparagement. Executive
shall not, and shall not induce others to, Disparage the Company or its subsidiaries or affiliates or their past and present officers,
directors, employees or product s. “Disparage” shall mean making comments or statements to the press, the Company’s
or its subsidiaries’ or affiliates’ employees or any individual or entity with whom the Company or its subsidiaries or affiliate
s has a business relationship which would adversely affect in any manner (1) the business of the Company or its subsidiaries or
affiliates (including any products or business plans or prospects), or (2) the business reputation of the Company or its subsidiaries
or affiliates, or any of their products, or their past or present officers, directors or employees.

 

(g) Cooperation. Subject to the
Executive’s other reasonable business commitments, following the Employment Term, the Executive shall be available to cooperate
with the Company and its outside counsel and provide information with regard to any past, present, or future legal matters which
relate to or arise out of the business the Executive conducted on behalf of the Company and its subsidiaries and affiliates, and,
upon presentation of appropriate documentation, the Company shall compensate the Executive for any out-of-pocket expenses reasonably
incurred by the Executive in connection therewith.

 

(h) Equitable
Relief and Other Remedies. The Executive acknowledges and agrees that the Company’s remedies at law for a breach or threatened
breach of any of the provisions of this Section IO would be inadequate and, in recognition of this fact, the Executive agrees
that, in the event of such a breach or threatened or attempted breach, in addition to any remedies at law , the Company,
without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, a temporary
restraining order, a temporary or permanent injunction or any other equitable remedy which may then be available. In
addition, without limiting the Company’s remedies for any breach of any restriction on the Executive set forth in this
Section I0, except as required by law, the Executive shall not be entitled to any payments set forth in Section 7(d) hereof if
the Executive has breached the covenants applicable to the Executive contained in this Section I0, the Executive will immediately
return to the Company any such payments previously received under Section 7(d) upon such a breach, and, in the event of such breach,
the Company will have no obligation to pay any of the amounts that remain payable by the Company wider Section 7(d).

 

(i) Reformation. If it is determined by a court of competent jurisdiction in any state that any restriction in this Section IO is
excess i ve in duration or scope or is unreasonable or unenforceable under the laws of that state, it is the intention of the
parties that such restriction may be modified or amended by the court to render it enforceable to the maximum extent permitted
by the law of that state. The Executive acknowledges that the restrictive covenants contained in this Section IO are a condition
of this Agreement and are reasonable and valid in temporal scope
and in all other respects.

 

(j)
Survival of Provisions. The obligations contained in
this Section 10 shall survive in accordance with their terms the termination or expiration of the Executive’s employment with
the Company and shall be fully enforceable thereafter.

 

    5

     

    

 

11. INDEMNIFICATION. The Executive
shall be indemnified to the extent permitted by the Company’s organizational documents and to the extent required by law.

 

12. SECTION HEADINGS AND INTERPRETATION.
The section headings used in this Agreement are included solely for convenience and shall not affect, or be used in connection
with, the interpretation of this Agreement. Expressions of inclusion used in this agreement are to be understood as being without
limitation.

 

13. SEVERABILITY.
The provisions of this Agreement shall be deemed severable and the invalidity of unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof

 

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

 

15. GOVERNING LAW AND VENUE. The
validity, interpretation, construction and performance of this Agreement shall be governed by the laws of Nevada without regard
to its conflicts of law principles. The Parties agree irrevocably to submit to the exclusive jurisdiction of the federal courts
or, if no federal jurisdiction exists, the state courts, located in the City of Las Vegas, Nevada, for the purposes of any suit,
action or other proceeding brought by any Party arising out of any breach of any of the provisions of this Agreement and hereby
waive, and agree not to assert by way of motion, as a defence or otherwise, in any such suit, action , or proceeding, any claim
that it is not personally subject to the jurisdiction of the above-named courts, that the suit, action or proceeding is brought
in an inconvenient forwn, that the venue of the suit, action or proceeding is improper, or that the provisions of this Agreement
may not be enforced in or by such courts. IN ADDITION, THE PARTIES AGREE TO WAIVE A TRIAL BY JURY.

 

16. ENTITLE AGREEMENT. This Agreement
contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements,
written or oral, with respect thereto. No agreements or representations, oral or otherwise, express or implied, with respect to
the subject matter hereof have been made by either party which are not expressly set forth in this Agreement.

 

I 7. WAIVER AND AMENDMENT.
No provision of this Agreement may be modified , amended, waived or discharged unless such waiver, modification, amendment
or discharge is agreed to in writing and signed by the Executive and such officer or director as may be designated by the Board.
No waiver by either Party at any time of any breach by the other Party hereto of, or compliance with, any condition or provision
of this Agreement to be performed by such other Party shall be deemed a waiver or similar or dissimilar provisions or conditions
at the same or at any prior or subsequent time.

 

18. WITHHOLDING. The Company may
withhold from any and all amounts payable under this Agreement such federal, state, local and foreign taxes as may be required
to be withheld pursuant to any applicable law or regulation.

 

19. AUTHORITY AND NON-CONTRAVENTION.
The Executive represents and warrants to the Company that he has the legal right to enter into this Agreement and to
perform all of the obligations on his part to be performed hereunder in accordance with its terms and that he is not a party to
any agreement or understanding, written or oral, which could prevent him
from entering into this Agreement or performing all of his obligations hereunder.

 

20. COUNTERPARTS. This Agreement
may be executed in counterparts, each of which shall be deemed an original but all of which shall constitute one and the same
instrument.

 

    6

     

    

 

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

 

	ESPORTS ENTERTAINMENT GROUP, INC.	 
	 	 
	/s/ Grant Johnson	 
	 	 
	EXECUTIVE	 
	 	 
	/s/ Grant Johnson	 

 

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]