Document:

Exhibit
10.10

 

[***]
Certain information in this document has been excluded pursuant to Regulation S-K, Item (601)(b)(10). Such excluded information
is not material and would likely cause competitive harm to the registrant if publicly disclosed.

 

DISTRIBUTION
AGREEMENT

 

This
Distribution Agreement (this “Agreement”) is dated as of 18th April, 2016, by and between U&I Entertainment,
LLC (“U&I”), a Minnesota limited liability company located at 5850 Opus Parkway, Suite 250, Minnetonka, MN 55343,
and 704Games Company LLC (“Publisher/Manufacturer”,) a Delaware Company located at 550 S.Caldwell Street, 17th Floor,
Charlotte, NC 28202.

 

RECITALS:

 

	 	A.	U&I
    and Publisher/Manufacturer have agreed for U&I to distribute Publisher/Manufacturer’s Titles and Products throughout
    the Territory in accordance with the terms and conditions of this Agreement.

 

NOW,
THEREFORE, in consideration of the premises, mutual promises, agreements, terms, and conditions set forth in this Agreement,
and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree
as follows:

 

1.
Definitions.

 

“Customers”
means any individual or entity to whom Units are or may be distributed by U&I, including, without limitation, distributors,
resellers and retailers.

 

“Customer
Specific Programs” means the costs associated with marketing and merchandising programs that are either required by Customer
or mutually agreed to between U&I and Customer.

 

“Customer
Event Fees” means the costs associated with attending or exhibiting at Customer specific events.

 

“Defective
Returns” means any returns from Customers in accordance with their defective return policy.

 

“Distribution
Fee” means an amount equal to the Net Proceeds multiplied by the applicable [***].

 

“End
Users” means those persons who purchase for use one or more Units from Customers.

 

“Future
Authorized Deductions” means all price protection and returns that have been offered to retail customers but not yet deducted
from receipts.

 

“Imminent
Deductions Hold Back” means a hold back from Gross Receipts based on potential deductions from retail.

 

“NASCAR
Royalty” shall be an amount equal to [***] of the Wholesale Price minus the Cost of Goods.

 

“Marketing
Development Fund” or “MDF” means the costs associated with the marketing and merchandising of each Version at
Customer locations.

 

“Net
Proceeds” means total Payments received in any given calendar month, minus the following paid in such calendar
month: (i) Cost of Goods, (ii) MDF, (iii) Defective Returns and Pre-Approved Returns, (iv) Customer Specific Programs, (v) Customer
Event Fees, (vi) Placement Fees, (vii) Price Protection, (viii) Future Authorized Deductions, (ix) Imminent Deductions Hold Back,
(x) NASCAR Royalty, and the (xi) Reserve.

 

    	 

     

    

 

“Payments”
means wholesale proceeds actually received by U&I from the distribution of the product in any given calendar month.

 

“Placement
Fees” means the costs associated with securing retail shelf placement at Customer. 

 

“Price
Protection” means price reductions granted to Customers after order and delivery of Units to the Customer to facilitate
retail sale efforts. U&I shall be entitled to Price Protection for the Title or Product to ensure it remains on the shelf
with Customers and continues to sell through to End Users at a satisfactory rate.

 

“Pre-Approved
Returns” means Units of any Version of the Title or Product returned by a Customer that are pre-approved for return by Publisher/Manufacturer.
To the extent that there are Returns of any Units, fifty percent (50%) of the Distribution Fee attributable to said Returns shall
be credited to Publisher/Manufacturer and fifty percent (50%) of the Distribution Fee attributable to said Returns shall be retained
by U&I as a restocking fee.

 

“Reserve”
means an amount equal to the invoice value of Units still held and not yet sold through by Customers to End Users.

 

“Term”
means the period during which this Agreement shall be in effect, as set forth in Section 6 below.

 

“Territory”
shall be set forth in the attached Exhibit A, as may be amended from time to time.

 

“Title
or Product “ means each software or accessory product published or manufactured by Publisher/Manufacturer and listed in
the attached Exhibit A, as may be amended from time to time, together with all printed artwork, booklets, manuals, pamphlets or
other materials, prepared by or on behalf of Publisher/Manufacturer, which refer to or relate to each respective Title or Product
..

 

“Unit”
means one copy of one Version embodied on any storage device embodied on CD-ROM, DVD, cartridge, or any other tangible medium
now known or later devised, fully packaged as a finished good and ready for shipment to Customers.

 

“Version”
means the Title or Product as designed to operate with software, console or accessory or other interactive media environment or
platform now known or later devised. Examples of Versions include software or accessory products developed for: the IBM PC platform
utilizing the Windows XP operating system; the Apple Macintosh platform; and console platform versions such as Sony Playstation
products, Sony Playstation 4, PSP, DSi, 3DS, Microsoft Xbox One, Microsoft Xbox 360, and Nintendo Wii.

 

2.
Grant of Rights.

 

2.1
Rights Granted. With respect to each Title or Product, Publisher/Manufacturer hereby grants to U&I throughout the Territory,
during the Term:

 

a)
the exclusive, royalty-bearing, non-transferable right to sell and distribute Units to Customers.

 

b)
the non-exclusive, non-transferable right to advertise, publicize and promote, in a manner reasonably acceptable to Publisher/Manufacture,
reach Version by any means and in all media now known or later devised, subject to Publisher/Manufacturer’s prior written
approval.

 

    	 	2	 

    	 	 	 

    

 

c)
the non-exclusive , non-transferable right to use, publish and permit others to use and publish Publisher/Manufacturer ‘s
trademarks, logos and other proprietary markings in conjunction with the advertising and promotion of Units, with Publisher/Manufacturer’s
prior written approval.

 

2.2
Limitations. It is agreed and understood that the licenses granted to U&I hereunder are subject to the terms and conditions
upon which the rights to each Title or Product are owned or controlled by Publisher/Manufacturer or its licensors.

 

3.
Obligations of U&I.

 

3.1
Distribution.

 

At
the publishers discretion, U&I agrees to pay for the following associated with the Product: all costs associated with manufacturing
and any associated shipping and handling fees and all licensing royalties or other costs due the applicable console manufacturer
(Sony or Microsoft) for the distribution of the Title. Collectively, such costs will be referred to as the “Cost of Goods”
for purposes of this Agreement.

 

b)
U&I shall use commercially reasonable efforts to distribute Units to Customers.

 

c)
U&I shall be responsible for distributing and shipping Units to Customers (i.e., pick, pack and ship services).

 

d)
U&I shall provide adequate and secure warehousing facilities for all Units in inventory.

 

e)
U&I shall be responsible for all billing, invoicing, credit and collections, invoice reconciliation and related administrative
procedures associated with order taking, distribution and shipping of the Units.

 

e)
U&I will provide vendor managed inventory (VMI) services in connection with the distribution of Units to Customers.

 

f)
U&I will promptly notify Publisher/Manufacturer in writing of any known infringement of Publisher/Manufacturer’s proprietary
rights which comes to U&l’s attention. U&I agrees to cooperate, at Publisher/Manufacturer’s expense, in connection
with Publisher/Manufacturer’s reasonable efforts to protect its proprietary rights in the Title or Products.

 

3.3
Marketing.

 

a)
U&I shall use commercially reasonable efforts to market the Units to the Customers.

 

b)
U&I shall provide recommendations and assist Publisher/Manufacturer in developing strategies to be implemented by Publisher/Manufacturer
to help stimulate the sale of the Units to the Customers, provided that U&I shall not be obligated to incur any costs associated
with retaining or employing third parties.

 

c)
U&I will provide Publisher/Manufacturer with regular reports which shall include the following information, if available;
a summary of the number of Units distributed to each Customer, sold through, and the number of Units returned since the last report
issued.

 

d)
U&I shall advise Publisher/Manufacturer on matters relating to marketing, placement, promotion and sell through of Title or
Product by each Customer.

 

    	 	3	 

    	 	 	 

    

 

f)
U&I shall coordinate and arrange for in-store merchandising of the Units at the Customers.

 

g)
U&I shall obtain approval from Publisher/Manufacturer prior to authorizing MDF or Price Protection for a Customer.

 

4.
Obligations of Publisher/Manufacturer.

 

4.1
Software or Accessory. Publisher/Manufacturer shall provide U&I with either (i) finished goods of the Title or Product
in each Version; or, (ii) the gold master, plus box artwork and manuals, where U&I will create the boxed Product.

 

4.2
Technical Support. Publisher/Manufacturer will provide technical support for each Version in the Territory to U&I,
Customers and End Users in a manner consistent with the technical support that Publisher/Manufacturer provide for all of its products.
During the Term of the Agreement, each party agrees to inform the other promptly of know defects or operational errors affecting
any Version.

 

4.3
Testing. Prior to the delivery of Title or Product to U&I, Publisher/Manufacturer agrees to use commercially reasonable
efforts to test each Version to assure that each Version, to the best of Publisher/Manufacturer’s knowledge, is bug-free
and fully functional in the different configurations in which the Version is designated to run and for all peripherals with which
each Version is designated to work.

 

4.4
Changes. Publisher/Manufacturer will give U&I notice at least ninety (90) days prior to any material modification to
a Title or Product or any Version, including without limitation, Publisher/Manufacturer’s decisions to discontinue or materially
enhance any Title or Product or Version. Publisher/Manufacturer shall use commercially reasonable efforts to promptly provide
U&I with master disks embodying all updates and enhancements

 

4.5
Distribution. Publisher/Manufacturer will be responsible for all third party fees associated with shipping Units including
handling, storage and freight. U&I will use best efforts in minimizing fees associated with shipping units.

 

4.6
Marketing.

 

a)
Notwithstanding U&l’s rights set forth in Section 2.1, throughout the Term, Publisher/Manufacturer will use its commercially
reasonable efforts to advertise, market and promote the Title or Product throughout the Territory to the Customers.

 

b)
Publisher/Manufacturer shall provide to U&I ninety (90) days prior to the street date of each Version and upon reasonable
request thereafter, at no cost to U&I, copies of each of the following materials for purposes of facilitating the promotion
of that Version by U&I: the master disk, demonstration copies, specification sheets, sell sheets and any other available promotional
material to the extent that Publisher/Manufacturer has these available.

 

5.
Compensation.

 

5.1
If U&I has paid the Cost of Goods, then U&I shall pay Publisher/Manufacturer [***] of Net Proceeds within thirty (30)
days after the end of each calendar month; U&I shall retain [***] of Net Proceeds as its Distribution Fee and full and complete
compensation to U&I hereunder.

 

    	 	4	 

    	 	 	 

    

 

5.2
Within five business days, Publisher /Manufacturer agrees to credit or reimburse U&I for any deductions authorized by Publisher/Manufacturer
and deducted from U&I by Customers outlined herein and by Exhibit A within five business days of the date the deduction is
taken by Customer. To be clear, credits may be applied against amounts owed to Publisher/Manufacturer by U&I but if nothing
is Publisher/Manufacturer, Publisher/Manufacturer must reimburse U&I via check, ACH or wire transfer the amount authorized
by Publisher/Manufacturer and deducted by Customers for the prior calendar month to Publisher/Manufacturer.

 

5.3
Accounting.

 

a)
Along with any Net Proceeds due, U&I shall submit a report to Publisher/Manufacturer showing Payments, Manufacturing Costs
(where applicable), Price Protection, MDF, Returns, the Distribution Fee and any other deductions, fees and costs permitted to
be deducted under the terms of this Agreement.

 

b)
Publisher/Manufacturer will have the right, exercisable not more than once every twelve (12) months, at Publisher/Manufacturer’s
expense, to examine or have its agents examine, such books, records and accounts during U&l’s normal business hours
to verify the payments due by U&I to Publisher/Manufacturer hereunder.

 

c)
On a quarterly basis, U&I and Publisher/Manufacturer will discuss the Reserve and Imminent Deduction Hold Back amounts from
the previous quarter and shall mutually agree upon reconciliations of same, as and if appropriate.

 

6.
Term.

 

Subject
to Section 7 below, the term of this Agreement shall commence as of the date hereof and shall continue for twelve (12) months,
and shall automatically renew for additional renewal terms of twelve (12) months unless notice of termination is received by any
party at least thirty (30) days prior to the expiration of the initial term or any renewal term. This Agreement shall automatically
renew for a minimum of 12 months on the release of a new Title or Product.

 

7.
Termination.

 

7.1
Termination for Breach. In the event of a material breach by either party, which breach is not cured within thirty (30)
days after written notice by the nonbreaching party, the nonbreaching party may, upon written notice to the breaching party, terminate
this Agreement in its entirety or only in respect to the Version to which the breach relates. Upon termination, the nonbreaching
party will have the right to pursue any remedies it may have at law or in equity.

 

7.2
Immediate Termination. Either party may immediately terminate this agreement if (i) a receiver is appointed for the other
party or its property; (ii) the other party becomes insolvent or is unable to pay its debts as they mature, or makes an assignment
for the benefit of its creditors; (iii) the other party seeks relief or if proceedings are commenced against the other party or
on its behalf under any bankruptcy, insolvency or debtor’s relief law, and those proceedings have not been vacated or set
aside within sixty (60) days from the date of their commencement; or (iv) if the other party is liquidated or dissolved.

 

7.3
Effect of Termination. Upon termination of this agreement:

 

a)
Upon termination, Publisher/Manufacturer and U&I will establish a mutually agreeable payment plan based on historic sell through
patterns.and any anticipated, imminent or potential exposure at retail.

 

    	 	5	 

    	 	 	 

    

 

b)
U&I may return all unsold units of product to Publisher/Manufacturer and/or sell remaining inventory with Publisher/Manufacturer’s
prior written approval.

 

(c)
Sections 1, 5, 8, 9, 10, 11, 12.1, 12.2, 12.6, and 12.9 shall survive termination of this Agreement.

 

8.
Freedom to Compete.

 

Subject
to the rights granted to U&I herein, each party agrees that nothing in this Agreement will be construed as restricting or
prohibiting either party from lawfully competing with the other party in any other aspects of its business, including, without
limitation, development of and/or distribution of other software or Accessory products and services; including the rights to sell
and distribute the Game in bundled format with other products to any of its customers including but not limited to Walmart, Best
Buy and Target. Without limiting the generality of the foregoing, each party acknowledges that the other party is in the business
of creating and publishing software or Accessory products for a variety of hardware platforms and related hardware products, that
the other party maintains and continually seeks relationships with other parties, and that the other party maintains and continually
seeks licensing or similar arrangements with other parties. Each party agrees that nothing in this Agreement will be construed
as restricting or prohibiting the other party from continuing its business in any lawful manner and without limitation the other
party may at its sole discretion at any time during or after the term of this Agreement (a) create, publish, manufacture, market
and distribute any other products, even if such products are competitive and similar to the Title or Product; and (b) enter into
and maintain relationships with any other party, even if such parties are competitors, or licensors of the other party.

 

9.
Representations and Warranties.

 

a)
Publisher/Manufacturer represents and warrants to U&I that:

 

(i)
It has the full right, power and authority to enter into this Agreement, to carry out its terms and to grant the rights, licenses
and privileges granted under this Agreement;

 

(ii)
Publisher/Manufacturer has all necessary rights, title and interest in and to the Title or Product and the Versions and all other
materials furnished to U&I under this Agreement to grant U&I the rights granted hereunder;

 

(iii)
The Title or Product and other materials furnished to U&I by and on behalf of Publisher/Manufacturer, under this Agreement
do not infringe upon, or misappropriate, any copyright, trade secret or any other proprietary rights of any third party;

 

(iv)
Each Version will perform substantially in accordance with Publisher/Manufacturer’s specifications and express warranties
for each respective Version;

 

(v)
Publisher/Manufacturer has not and shall not assign, transfer, lease, convey or grant a security interest or otherwise similarly
dispose of the Title or Product to a third party unless such third party agrees to be bound by the terms of this Agreement; and

 

(vi)
Prior to delivery of master disks or finished goods to U&I, Publisher/Manufacturer will obtain all necessary rights from any
and all hardware Manufacturers (e.g. Microsoft, Sony and Nintendo) to perform its obligations with respect to any Title or Product
or Version.

 

b)
U&I represents and warrants to Publisher/Manufacturer that:

 

(i)
It has the full right, power and authority to enter into this Agreement, to carry out its terms and to grant the rights, licenses
and privileges granted in this Agreement.

 

    	 	6	 

    	 	 	 

    

 

(ii)
It has all necessary rights, title and interest in and to the materials furnished by it and incorporated into the Units;

 

(iii)
Materials furnished by U&I under this Agreement do not infringe upon or misappropriate any copyright, trade secret or any
other proprietary rights of any third party.

 

10.
Indemnification.

 

10.1
Publisher/Manufacturer Indemnity. Publisher/Manufacturer agrees to indemnify, hold harmless and defend U&I, its subsidiaries,
affiliates and their respective officers, directors and employees from and against all claims, losses, defense costs (including
reasonable attorneys’ fees), judgments and other expenses related to or arising out of: (a) the breach of its representations,
warranties and covenants hereunder; (b) any product liability with respect to any Title or Product ; (c) the alleged infringement
or violation of any trademark, copyright, trade secret, patent or other proprietary right with respect to any Title or Product
; and (d) any unfair trade practice, trade libel or misrepresentation based on any promotional material, packaging, documentation
or other materials provided by Publisher/Manufacturer with respect to any Title or Product, provided that Publisher/Manufacturer
shall have no indemnification obligations hereunder to the extent any such claims, losses or costs relate to or arise out of U&l’s
gross negligence, willful misconduct or breach of this agreement. Publisher/Manufacturer’s obligation to indemnify is conditioned
on (i) U&I notifying Publisher/Manufacturer of any such claim as to which indemnification will be sought promptly after U&I
learns of such claim and (ii) providing Publisher/Manufacturer reasonable cooperation in the defense and settlement thereof. Publisher/Manufacturer
shall have the right to control the defense and settlement of any such claim at Publisher/Manufacturer’s expense and to
choose counsel for such purpose, provided that (other than with respect to claims for money damages for which U&I is indemnified
hereunder) Publisher/Manufacturer may not settle any such claim without U&l’s prior written consent, which consent shall
not be unreasonably withheld or delayed. U&I may retain counsel (at U&l’s sole option and expense) with respect
to any such claim, and Publisher/Manufacturer shall ensure that its counsel reasonably cooperates with U&l’s counsel
in the course of such defense. If Publisher/Manufacturer does not fulfill its indemnification obligations in good faith, U&I
will have the right to defend and settle any claim for which it was entitled to indemnification under this agreement and to receive
reimbursement from Publisher/Manufacturer for all of its reasonable costs (including attorneys fees and costs) in defending and
settling such claim.

 

10.2
U&I Indemnification. U&I agrees to indemnify, hold harmless and defend Publisher/Manufacturer, its subsidiaries,
affiliates and their respective officers, directors and employees from and against all claims, losses, defense costs (including
reasonable attorneys’ fees), judgments and other expenses arising out of: (a) the breach of its representations, warranties
and covenants hereunder and (b) any unfair trade practice, trade libel of misrepresentation based on any promotional material,
packaging documentation or other materials provided by U&I with respect to any Title or Product , provided that U&I shall
have no indemnification obligations hereunder to the extent any such claims, losses or costs relate to or arise out of Publisher/Manufacturer’s
gross negligence, willful misconduct, breach of this agreement or any materials provided by Publisher/Manufacturer pursuant to
this agreement. U&l’s obligation to indemnify is conditioned on Publisher/Manufacturer notifying U&I of any such
claim as to which indemnification will be sought promptly after Publisher/Manufacturer learns of such claim, and providing U&I
reasonable cooperation in the defense and settlement thereof. Provided that U&I is fulfilling its indemnification obligations
hereunder in good faith, U&I shall have the right to control the defense and settlement of any such claim at U&l’s
expense and to choose counsel for such purpose, provided that U&I may not settle any such claim without Publisher/Manufacturer’s
prior written consent, which consent shall not be unreasonably withheld or delayed. Publisher/Manufacturer may retain counsel
(as Publisher/Manufacturer’s sole option and expense) with respect to any such claim, and U&I shall ensure that its
counsel reasonably cooperates with Publisher/Manufacturer’s counsel in the course of such defense. If U&I does not fulfill
its indemnification obligations in good faith, Publisher/Manufacturer will have the right to defend and settle any claim for which
it was entitled to indemnification and to receive reimbursement from U&I for all of its reasonable costs (including attorneys
fees and costs) in defending and settling this claim.

 

    	 	7	 

    	 	 	 

    

 

10.3
LIMITATION OF LIABILITY. BOTH PARTIES AGREE THAT TO THE EXTENT PERMISSIBLE BY APPLICABLE LAW, UNDER NO CIRCUMSTANCES SHALL
EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY CONSEQUENTIAL, INCIDENTAL, SPECIAL DAMAGES OR LOST PROFITS, ARISING IN CONNECTION
WITH THIS AGREEMENT, OR, ON ACCOUNT OF ITS TERMINATION, EVEN IF APPRAISED OF THE LIKELIHOOD OF SUCH DAMAGES OCCURRING.

 

11.
Confidentiality.

 

11.1
Confidential Information. During the Term of this agreement, Publisher/Manufacturer and U&I may be exposed to certain
information that is confidential to the other party and is not generally known to the public, including without limitation (a)
quantities, dollar volumes, and revenue of Units, (b) the terms of this agreement including Payments, marketing funds and like
information, and (c) business and marketing plans, future products, research and development. Each party agrees respectively,
that for a period of three (3) years after its initial receipt of the other party’s confidential information it will not,
and will cause its employees, agents, contractors, and like entities to not, use in any way for its own account or the account
of any third party, nor disclose to any third party, any such confidential information without the prior written consent of the
other party, except to employees, agents, contractors and like entities solely as required to fulfill the purposes of this Agreement,
provided any such third parties agree in writing to be bound by the confidentiality obligations under this agreement. Publisher/Manufacturer
and U&I agree that they will safeguard the confidential information which each party may receive from the other party for
the period set forth above with the same degree of care used to protect its own information of a like nature but in no circumstances
less than reasonable care.

 

11.2
Non-Confidential Information. Section 11.1 above shall not be applicable to any information: (a) which is in the public
domain or which becomes part of the public domain through no fault on the part of the receiving party; (b) which is known to the
receiving party prior to the disclosure thereof by the disclosing party, as established by documentary evidence; (c) which is
lawfully received by the receiving party from a third party who provided, such information without breach of any separate confidentiality
obligation owed to the disclosing party; (d) which is disclosed by the disclosing party to any third party without restriction
on further disclosure; (e) which is independently developed by personnel having no access to the disclosing party’s confidential
information as established by documentary evidence, or (f) which is required to be disclosed pursuant to any governmental, judicial
or administrative order, subpoena or discovery request (in which case, receiving party shall promptly notify disclosing party
of such order and reasonably cooperate with the disclosing party in seeking to enjoin the disclosure of such information).

 

12.
Miscellaneous.

 

12.1
Notices. Any notice required or permitted to be given or sent under this agreement will be deemed delivered if hand delivered
or if mailed, postage prepaid, by registered, express or certified mail, return receipt requested, or by any nationally-recognized
private express courier, to either party at the address listed below, or to such other address of which either party may so notify
the other, as of the date such notice is received.

 

	If
    to Publisher/Manufacturer:	 
	 	Attn:
	 	Phone:
	 	Fax:
	 	 
	If
    to U&I:	U&I
    Entertainment, LLC
	 	5850
    Opus Parkway, Suite 250
	 	Minnetonka,
    MN 55343 Attn: Chief Executive Officer Phone: (612) 713-9100
	 	Fax:
    (612) 208-0740

 

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12.2
Governing Law/Forum. This agreement will be deemed entered into in Minnesota, and will be governed by and interpreted in
accordance with the substantive laws of the State of Minnesota. The parties agree that any and all disputes between the parties
arising from or related to this Agreement shall be heard and determined by binding arbitration before a single arbitrator, and
judgment upon the award(s) rendered by the arbitrator may be entered in any court of competent jurisdiction. The arbitrator shall
be named by the American Arbitration Association (“AAA”). Arbitration proceedings will be held in Minneapolis, Minnesota
under the Rules of Commercial Arbitration and under the institutional supervision of the AAA, and the parties irrevocably submit
to the jurisdiction of the Federal and State courts located in Minnesota incident to any such arbitral proceeding. Witnesses residing
outside of the State of Minnesota may testify telephonically or via such other audio/visual means as the arbitrator approves.
The prevailing party shall be entitled to an award of its attorneys’ fees and costs. A final arbitral award against either
party in any proceeding arising out of or relating to this Agreement shall be conclusive. The foregoing provisions shall not limit
the right of either party to commence any action or proceeding to compel arbitration, to obtain injunctive relief pending the
appointment of an arbitrator, or to obtain execution of any award rendered in any such action or proceeding, in any other appropriate
jurisdiction or in any other manner. The Parties agree to accept service of process by mail and waive any jurisdictional or venue
defenses available to them.

 

12.3
Force Majeure . Neither party will be deemed in default of this agreement to the extent that performance of its obligations,
or attempts to cure any breach is delayed or prevented by reason of any act of God, fire, natural disaster, accident, act of government,
shortages of material or supplies or any other cause not being under the control of such party (“Force Majeure”),
provided that such party gives the other party prompt written notice thereof promptly and uses its good faith effort to continue
to cure any breach. In the event that either party’s performance is delayed for more than thirty (30) days from the date
such Force Majeure arose, the party whose performance is not affected may terminate this Agreement without further liability (but
subject to either party’s obligation to pay the other party any amounts which have or will become due) upon notice to the
affected party if the Force Majeure is continuing.

 

12.4
Amendment. No amendment or modification of this agreement will be made except by an instrument in writing signed by both
parties. The failure of either party to prosecute its right with respect to any single or continued breach of this agreement will
not act as a waiver of the right of that party to later exercise any right or remedy with respect to that breach or any other
breach of this agreement by the other party.

 

12.5
Relationship. The relationship between U&I and Publisher/Manufacturer will be that of independent contractors. Each
party is not and shall not be deemed to be an employee, agent, partner or legal representative of the other for any purpose and
shall not have any right, power or authority to create any obligation or responsibility on behalf of the other.

 

12.6
Severability. If any provision of this agreement is found invalid or unenforceable pursuant to judicial decree, such provision
will be enforced to the maximum extent permissible and the remainder of this agreement will remain in full force and effect
according to its terms.

 

12.7
Assignment. Neither party may assign any of its rights hereunder without the prior written consent of the non-assigning
party, which will not be unreasonably withheld, provided that either party may assign this agreement, without the other party’s
consent, (a) to a parent company, a subsidiary of a parent company or a subsidiary provided that such entity has similar capabilities
to perform the obligations to those of the assigning party or (b) to a third party which acquires the assigning party, merges
with the assigning party or acquires all or substantially all of the assigning party’s assets.

 

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12.8
Modifications to Exhibit A. The parties may modify the terms of Exhibit A to reflect the addition, deletion or substitution
of Title or Product and/or Versions, by notice sent in writing via fax, email, regular or overnight mail, provided that any such
notification is sent by an authorized party and an acknowledgment of receipt and agreement to its terms are evidenced in writing
by a person authorized by the other party to accept and respond to such notices. U&I hereby authorizes its Chief Executive
Officer to send and respond to such notices. Publisher/Manufacturer hereby authorizes _ _ _ _ _ _ _ _ _ to send and respond to
such notices. All such notices that are received, acknowledged and agreed to in writing by the other party as provided in this
Section 12.8 shall be deemed incorporated into Exhibit A by reference and made a part of this agreement. Any product added to
Exhibit A will extend the Term of this agreement by 12 months.

 

12.9
Ownership and Goodwill. All uses of any Title or Product, and any derivative thereof shall inure to the benefit of Publisher/Manufacturer
and its licensors. All ownership, copyrights trademarks and other rights in and to each Title and Product and any derivative thereof,
and related materials, including, without limitation, related copy, source code, object code, literary text, advertising materials,
promotional materials and instruction materials, of any sort utilizing a Title or Product and any derivative thereof, shall vest
with Publisher/Manufacturer or its licensors. U&I or Publisher/Manufacturer shall not at any time acquire or claim any right,
title or interest in the other’s trademarks or service marks other than those rights expressly granted. All right or interest
in either party’s trademarks and service marks which come into existence as a result, or during the term of, the exercise
by U&I or Publisher/Manufacturer of any right granted to it hereunder shall immediately vest in the applicable party.

 

12.10
Entire Agreement. This agreement and the Exhibits attached hereto state the entire agreement between the parties relating
to the subject matter of this agreement and supersede any and all prior agreements and communications, written or oral. This agreement
may be executed by facsimile and in counterparts and shall constitute a valid, binding agreement.

 

IN
WITNESS WHEREOF, the parties hereto have executed the agreement by their duly authorized representatives as set forth below.

 

	U&I
    Entertainment, LLC	 	704Games
    Company LLC
	 	 	 
	By:	/s/
    Marty Hawk          	 	By:	/s/
    Michelle Baker Dillon
	Name:	Marty
    Hawk	 	Name:	Michelle
    Baker Dillon
	Title:	CEO	 	Title:	VP
    Finance & Operations

 

    	 	10	 

    	 	 	 

    

 

EXHIBIT
A

 

Title/Product:
The computer game known as “NASCAR Heat 2”

 

Format:
Playstation 4, Xbox One and PC

 

Customers::
All cusstomers except GameStop

 

Territory:
United States of America and South AmericaExhibit
10.11

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into to be effective as of January 1, 2020 (the
“Effective Date”), by and between MOTORSPORT GAMING US LLC, a
Florida limited liability company (“Employer”), and DMITRY KOZKO, an individual residing in the State of Florida
(“Executive”).

 

R
E C I T A L S

 

WHEREAS,
Employer and Executive desire to enter into this Agreement in order to set forth their full and complete understanding of the
terms and conditions pursuant to which Executive will be employed by Employer.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants and agreements set forth herein, Employer and Executive,
intending to be legally bound, hereby agree as follows.

 

A
G R E E M E N T

 

1.
Recitals. The recitals set forth above
are true and correct and are incorporated herein by this reference.

 

2.
Employment. Employer shall employ Executive as its Chief Executive Officer, reporting, prior to establishment of the Board
(as hereinafter defined), to the Manager of Employer, and, after the establishment of the Board, to any future board of managers
or directors, as applicable, of Employer (the “Board”), and Executive accepts such employment and shall devote
all of his business time, efforts and skills to diligently performing the duties described herein for the benefit of Employer.
If Employer forms a board of managers or directors, Executive will serve as a member of such board upon formation of such board.
Upon termination of the Executive’s employment by Employer or Executive for any reason, the Executive shall resign from
such board.

 

3.
Term. The term of Executive’s employment
hereunder shall commence on the Effective Date and shall terminate on December 31, 2024 (the “Term”). During
the Term, this Agreement shall be subject to termination as hereafter specified. After the Term expires, it is contemplated that
Executive will be employed as employee “at will.”

 

4.
Authorities and Duties.

 

4.1
Service with Employer. During the Term,
Executive agrees to perform the duties of Chief Executive Officer of Employer and such other duties and on such basis as shall
be assigned to him from time to time by, prior to the establishment of the Board, the Manager of Employer and, after the establishment
of the Board, the Board, in each case consistent with CEO position.

 

4.2
No Conflicting Duties. During the Term,
Executive shall not serve as an officer, director or executive of any other business enterprise of any kind or nature unless the
Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment of the Board), approves such
other service in writing. Executive hereby confirms that he is under no contractual commitments inconsistent with his obligations
set forth in this Agreement, and agrees that during the Term he will not render or perform services, or enter into any contract
to do so, for any other corporation, firm, entity or person, which are inconsistent with the provisions of this Agreement. Notwithstanding
the foregoing, nothing in this Agreement shall be construed as preventing Executive from (a) investing Executive’s assets
in any company or other entity, in a manner as shall not (i) impair Executive’s ability to fulfill Executive’s duties
and responsibilities under this Agreement, or (ii) require any material activities on Executive’s part in connection with
the operations or affairs of the companies or other entities in which such investments are made; or (b) engaging in religious,
charitable or other community or non-profit activities that do not impair Executive’s ability to fulfill Executive’s
duties and responsibilities under this Agreement.

 

4.3
Location. During the Term, Executive shall work at Employer’s offices in Miami, Florida.

 

    	1

     

    

 

5.
Compensation.

 

5.1
Salary. As compensation for all services
to be rendered by Executive under this Agreement, Employer shall pay to Executive for calendar year 2020 an annual salary of Five
Hundred Thousand Dollars ($500,000) (the “Salary”), which shall be paid during the Term on a regular basis
in accordance with Employer’s generally applicable payroll procedures and policies, as established from time to time (currently,
semi-monthly), and subject to applicable payroll deductions. The Salary will be increased annually by Employer on each January
1 occurring during the Term, to 103% of the Salary paid to Executive in the prior calendar year. The term “Salary”
as used in this Agreement will refer to the Salary as it may be so increased.

 

5.2
Participation in Benefit Plans and Equity Incentive Plans.

 

(a)
Executive shall be entitled to participate in all benefit plans (medical (PPO), dental, vision, life, disability insurance) or
programs generally available to executive officers of Employer, to the extent that Executive’s position, title, tenure,
salary, age, health and other qualifications make him eligible to participate therein. Executive’s participation in any
such plan or program shall be subject to the provisions, rules and regulations thereof that are generally applicable to all participants
therein. Executive understands that any such benefit plans may be terminated or amended from time to time by Employer in its discretion;
provided, however, that Executive’s medical PPO plan, to the extent terminated, will be replaced with substantially similar
plan. In the event that sickness or disability payments under any insurance programs of Employer or otherwise shall become payable
to Executive in respect of any period of Executive’s employment under this Agreement, the salary installment payable to
Executive hereunder on the next succeeding salary installment payment date shall be an amount computed by subtracting (a) the
amount of such sickness or disability payments that shall have become payable during the period between such date and the immediately
preceding salary installment date from (b) the salary installment otherwise payable to Executive hereunder on such date.

 

(b)
Executive shall be entitled to participate (in addition to the incentive compensation pursuant to Section 5.3 below) in all equity
incentive plans generally available to executive officers of Employer, subject to the Manager of Employer, or the board of directors
of Employer or the compensation committee of the board of directors of Employer determining any awards and performance metrics
for such awards under any such plans.

 

5.3
Additional Incentive Compensation. Employer shall provide the following additional incentive compensation to Executive
on the following terms and conditions:

 

(a)
Subject to and contingent upon both (i) an occurrence, pursuant to the applicable loan documents, of the triggering event for
repayment by Employer to Motorsport Group, LLC, Motorsport Network, LLC and/or their affiliates in Employer and/or its subsidiaries
the actual aggregate amount of investment by such parties in Employer and/or its subsidiaries, whether in the form of equity,
debt or services through the date of consummation and closing of such Liquidity Event (as defined below) and (ii) a Liquidity
Event resulting in Employer’s valuation (based on the valuation of Employer, if non-IPO (as defined below) on the cash-free,
debt-free basis established by the Liquidity Event or, if IPO, on the IPO price multiplied by the shares of Class A common stock
issued and outstanding at consummation of the IPO) of at least One Hundred Million ($100,000,000) has occurred and closed, Employer
shall issue as promptly as practicable to Executive (A) such number of shares of Class A common stock of Employer (after Employer’s
conversion into a Delaware corporation and authorization of such Class A common stock) that would constitute, as of the closing
of the initial Liquidity Event, one percent (1%) of the total shares of Employer’s Class A common stock issued and outstanding
(on a fully diluted basis) immediately upon the consummation of the initial Liquidity Event (the “Initial Shares Award”)
and (B) a stock option award (exercisable for 10 years from the date of the grant) for such number of shares of Class A common
stock of Employer that would constitute, as of the consummation of the initial Liquidity Event, two percent (2%) of the total
shares of Employer’s Class A common stock issued and outstanding (on a fully diluted basis) immediately upon the consummation
of the initial Liquidity Event (together with the Initial Shares Award, the “Initial Award”); provided,
however, that Executive shall have an option, in Executive’s discretion, to replace all or a portion of the Initial
Shares Award with the cash payment of up to One Million Dollars ($1,000,000). By way of example only: if Executive opts to replace
one-half of the Initial Shares Award with cash payment, the cash amount would be $500,000; if Executive opts to replace the entire
Initial Shares Award with cash payment, the cash amount would be $1,000,000. The Company shall gross up the amount of such cash
payment by increasing the gross amount of such cash payment to Mr. Kozko to account for the taxes withheld from or attributable
to such payment.

 

    	2

     

    

 

(b)
Subject to satisfaction of the conditions set forth in Section 5.3(a) above, the amount of the stock options (exercisable for
10 years from the date of the grant) for the shares of Class A common stock of Employer to be issued to Executive shall be increased
from time to time in the percentage increments set forth in the chart below if either, (1) in the event of a Liquidity Event that
is an initial public offering that results in listing of Employer’s Class A common stock on a major stock exchange such
as Nasdaq of NYSE (“IPO”) and at all times after the IPO so long as Employer’s Class A common stock is
traded on a major stock exchange such as Nasdaq of NYSE, Employer’s market cap targets set forth in the chart below are
achieved from time to time by Employer (such targets shall be deemed achieved if any 60 consecutive calendar days average closing
trading price of the Class A common stock of Employer corresponds to the market cap targets set forth in the chart below), or
(2) in the event of a Liquidity Event that is not an IPO and so long as Employer’s Class A common stock is not traded on
a major stock exchange such as Nasdaq of NYSE, Employer’s valuation (based on the valuation of Employer on the cash-free,
debt-free basis used for the Liquidity Event) targets set forth in the chart below are achieved by Employer. For the avoidance
of doubt, the percentage increments set forth in the chart below shall be the percentage of the total shares of Employer’s
Class A common stock issued and outstanding (on a fully diluted basis) on the date of the applicable issuance.

 

	Employer’s Market Cap Target or Employer’s
 Valuation Target (as applicable)
	 	 	Percentage of increase in the number of stock
 options for the shares of Class A common
 stock to be issued to Executive
	 
	$	150,000,000	 	 	 	0.200	%
	$	200,000,000	 	 	 	0.200	%
	$	250,000,000	 	 	 	0.200	%
	$	300,000,000	 	 	 	0.200	%
	$	350,000,000	 	 	 	0.200	%
	$	400,000,000	 	 	 	0.200	%
	$	450,000,000	 	 	 	0.200	%
	$	500,000,000	 	 	 	0.200	%
	$	550,000,000	 	 	 	0.200	%
	$	600,000,000	 	 	 	0.200	%
	$	650,000,000	 	 	 	0.200	%
	$	700,000,000	 	 	 	0.200	%
	$	750,000,000	 	 	 	0.200	%
	$	800,000,000	 	 	 	0.200	%
	$	850,000,000	 	 	 	0.200	%
	$	900,000,000	 	 	 	0.200	%
	$	950,000,000	 	 	 	0.200	%
	$	1,000,000,000	 	 	 	1.500	%

 

    	3

     

    

 

(c)
Other than the Initial Award that shall vest immediately upon issuance, all other stock options issuable to Executive pursuant
to this Section 5.3 shall be subject to vesting in three (3) equal installments during the 3-year period after the day of issuance
of the applicable stock options (i.e., 1/3rd vesting on the date that is 12 months after the issuance of the applicable
stock options, 1/3rd vesting on the date that is 24 months after the issuance of the applicable stock options and 1/3rd
vesting on the date that is 36 months after the issuance of the applicable stock options) but only so long as Executive
continues to be employed by Employer as of each such vesting date; provided, however, that

 

(x)
in the event Executive’s employment with Employer is terminated at any time during the Term by Executive for Good Reason
(as defined below) or by Employer for any reason (including in the event of the death of Executive or upon Executive becoming
Disabled (as defined below)) other than Cause (as defined below) or in the event of a Change in Control (as defined below) during
Executive’s employment with Employer, then (1) all earned pursuant to Sections 5.3(a) and 5.3(b)) but not yet vested stock
options (as applicable) issued under this Section 5.3 shall be vested upon such termination or the effective date of such Change
in Control (as applicable) and (2) the vested shares and/or stock options (as applicable) issued under this Section 5.3 shall
not be forfeited by Executive; and

 

(y)
in the event Executive’s employment with Employer is terminated at any time during the Term either (1) by Executive for
any reason (other than Good Reason) or (2) by Employer for Cause, all unvested at the time of such termination stock options issued
under this Section 5.3 shall be forfeited by Executive.

 

(d)
Executive understands and acknowledges that, the issuance of the Company securities pursuant to this Section 5.3 shall be unregistered
in reliance on the applicable exemption under the U.S. securities laws, and any dispositions of such securities (including, without
limitation, the shares of Class A common stock issued as the Initial Shares Award and the shares of Class A common stock underlying
the stock options pursuant to this Section 5.3) shall be subject to Rule 144 under the Securities Act of 1933, as amended. In
connection with each unregistered issuance of such securities and as a condition precedent to such issuance, Executive shall deliver
to Employer not later than the date of each such issuance a filled out and signed by Executive accredited investors questionnaire
and standard subscription agreement containing investor’s representations and warranties acceptable to Employer and its
counsel.

 

“Change
in Control” means the sale of all or substantially all the assets of Employer to a party that is unrelated to Employer,
any merger, consolidation or acquisition of Employer with, by or into another entity or person or any change in the ownership
of more than fifty percent (50%) of both the economic and voting equity interests in Employer, in each case (whether it is a sale
of assets, merger, consolidation, acquisition or change in ownership, or other) resulting in the current controlling person(s)
of Employer cease having controlling voting capital in Employer in one or more related transactions.

 

“Liquidity
Event” means a disposition of Employer in any one transaction or series or combination of transactions whereby equity
interests of Employer (together with its subsidiaries) are acquired for consideration (cash or non-cash), including, without limitation,
a sale or exchange of capital stock, a merger or consolidation, a recapitalization, a tender or exchange offer, a leveraged buy-out,
in each case to an unaffiliated purchaser or Employer or its parent causing a sale by Employer and its subsidiaries of substantially
all of Employer and its subsidiaries consolidated assets to an unaffiliated purchaser, an initial public offering of Employer
equity securities, or any monetization event of Employer (together with its subsidiaries), but only so long as in each such transaction,
sale, reorganization, merger, recapitalization, tender or exchange offer, buy-out, monetization event or IPO, Motorsport Group,
LLC, Motorsport Network, LLC and/or their affiliates receive return in full of the aggregate amount of investment by such entities
and/or persons in Employer and/or its subsidiaries whether in the form of equity, debt or services through the date of consummation
and closing of the Liquidity Event. For the avoidance of doubt, any financing or contribution (whether of money, equity, any assets
or otherwise) by Motorsport Group, LLC, Motorsport Network, LLC and/or their affiliates and/or member(s) to Employer and/or any
of its subsidiaries or affiliates shall not be deemed a Liquidity Event.

 

    	4

     

    

 

5.4
Vacation and Sick Days. Subject to the last sentence of this Section 5.4, Executive shall be entitled to accrued vacation
and sick days in accordance with Employer’s procedures and policies applicable to senior executives, as established from
time to time (currently, 21 vacation days annually plus standard observed holidays and 7 sick days annually). The cash value (pro-rated,
based on Executive’s base Salary) of Executive’s accrued vacation and sick days that are not used by Executive in
any calendar year shall be payable to Executive promptly after the end of the calendar year in which such unused vacation and
sick days accrued.

 

5.5
Expenses. Employer will pay or reimburse
Executive for all personal documented, reasonable and necessary (in line with Employer’s policies) out-of-pocket expenses
related to business travel and meetings incurred by Executive during the Term in the performance of Executive’s duties hereunder.

 

5.6
Perquisites. During the Employment Period, (a) Executive will travel Business Class on flights that are business related
and (b) Executive shall be reimbursed for executive training subject to the Manager of Employer (prior to the establishment of
the Board) or the Board (after the establishment of the Board) prior written approval of the cost of such training.

 

6.
Termination.

 

6.1
Termination by Employer for “Cause.”
Any of the following acts or omissions shall constitute grounds for Employer to terminate Executive’s employment pursuant
to this Agreement for “Cause”:

 

(a)
The refusal or failure, for more than five (5)
days from the date of notice by Employer to Executive, by Executive to perform any duties required of him by this Agreement or
lawful instructions of the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment
of the Board) (other than due to Disability (as defined below));

 

(b)
The commission by Executive of any fraud, misappropriation
or misconduct that causes demonstrable material injury to Employer or any of its subsidiaries;

 

(c)
Conduct on the part of Executive which constitutes the breach of any statutory or common law duty of loyalty to Employer;

 

(d)
Any material breach by Executive of any provisions
of Sections 7, 8 or 9 of this Agreement;

 

(e)
Any illegal act by Executive that affects the business of Employer; conviction of, or a plea of guilty or nolo contendere to,
a misdemeanor involving moral turpitude, dishonesty, fraud, deceit, theft, unethical business conduct or conduct that impairs
the reputation of Employer or any of its subsidiaries or affiliates, or a felony (or the equivalent thereof in a jurisdiction
other than the United States);

 

(f)
Executive’s failure to comply in any material respect with this Agreement or any other written agreement between Executive,
on the one hand, and Employer or any of its subsidiaries, on the other, if such failure causes demonstrable material injury to
Employer or any of its subsidiaries; or

 

(f)
Gross negligence, malfeasance, dishonesty or willful misconduct in connection with Executive’s duties hereunder (either
by an act of commission or omission).

 

    	5

     

    

 

Termination
by Employer for Cause shall be accomplished by written notice to Executive of the decision to terminate Executive’s employment
for Cause specifying the particular act(s) or failure(s) to act serving as the basis for such decision. Any such termination shall
be without prejudice to any other remedy to which Employer may be entitled either at law, in equity or under this Agreement. Notwithstanding
anything contained herein to the contrary, Executive’s employment may not be terminated for Cause pursuant to clause (a),
(b) or (f) above unless Executive and his counsel had an opportunity to be heard on at least 10 days’ prior written notice
from Executive to the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment of the
Board) and (B) if such act or failure to act is capable of being cured, Executive fails to cure any such act or failure to act
to the reasonable satisfaction of the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment
of the Board) within 10 days after such notice.

 

Upon
the occurrence of an event that would constitute a Cause for Employer to terminate Executive’s employment pursuant to this
Section 6.1, Employer may, at its discretion, elect to continue Executive’s employment and reserve any and all rights
and remedies with respect to such event to which Employer may be entitled either at law, in equity or under this Agreement.

 

6.2
Termination for Death or Disability. Executive’s
employment pursuant to this Agreement shall be immediately terminated by Employer (i) upon the death of Executive or (ii) upon
Executive becoming Disabled. For purposes of this Agreement, the term “Disabled” means an inability of Executive,
due to a physical or mental illness, injury or impairment, to perform a substantial portion of his duties for a period of sixty
(60) or more consecutive days or one hundred and eighty (180) or more days (whether or not consecutive) out of any three hundred
and sixty (360) days period, as reasonably determined by the Manager of Employer (prior to the establishment of the Board) or
the Board (after the establishment of the Board).

 

6.3
Termination Without Cause or by Executive
for Good Reason.

 

(a)
Employer may terminate this Agreement, and the employment of Executive under this Agreement, without Cause at any time upon written
notice to Executive.

 

(b)
Upon 30 days’ prior written notice to Employer, Executive may terminate his employment with Employer for Good Reason. “Good
Reason” means the occurrence of any of the following events:

 

(i)
the failure of Employer to appoint Executive to, or to permit him to remain in, the positions set forth in Section 2, if that
failure is not cured within 10 business days after written notice from Executive to the Manager of Employer (prior to the establishment
of the Board) or the Board (after the establishment of the Board);

 

(ii)
the assignment by Employer to Executive of duties materially inconsistent with his status as the chief executive officer of a
similarly-situated company or any material diminution in Executive’s duties and/or responsibilities, reporting obligations,
titles or authority, as set forth in Section 2, if that inconsistency or diminution is not cured within 10 business days after
written notice from Executive to the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment
of the Board);

 

(iii)
a reduction by Employer of Executive’s Salary if such reduction is not cured within 10 business days after written notice
from Executive to the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment of the
Board);

 

(iv)
Employer’s failure to provide employee benefits required to be provided to Executive under Section 5.2 hereof and continuation
of that failure for 10 business days after written notice from Executive to the Manager of Employer (prior to the establishment
of the Board) or the Board (after the establishment of the Board); or

 

(v)
any material breach of this Agreement by Employer if not cured within 10 business days after written notice from Executive to
the Manager of Employer (prior to the establishment of the Board) or the Board (after the establishment of the Board).

 

    	6

     

    

 

Notwithstanding
the foregoing, Good Reason will not be deemed to exist unless Executive gives the Manager of Employer (prior to the establishment
of the Board) or the Board (after the establishment of the Board) notice within 30 days (or such shorter period specified above)
after the occurrence of the event which Executive believes constitutes the basis for Good Reason, specifying the particular act
or failure to act which Executive believes constitutes the basis for Good Reason.

 

6.4
Payments Upon Termination.

 

(a)
If during the Term of this Agreement, Employer terminates Executive without Cause pursuant to Section 6.3(a) or Executive
terminates his employment with Employer for Good Reason pursuant to Section 6.3(b), then Executive shall be entitled to
(i) continuation of payment of unpaid Salary from the effective date of such termination to the earlier of (1) expiration of twelve
(12) months after the date of such termination and (2) to the end of the Term (the “Severance”), payable, subject
to the provisions set forth in the next sentence of this Section 6.4(a), on a regular basis in accordance with Employer’s
normal payroll procedures and policies, and subject to applicable payroll deductions, (ii) any payments for reimbursement expenses,
which are due, accrued or payable at the effective date of Executive’s termination and (iii) all (if any) unvested stock
awards or stock option awards by Employer to Executive pursuant to Employer’s equity incentive plan shall be deemed vested
on the effective date of such termination (for the avoidance of doubt, this Section 6.4 does not affect or modify the vesting
schedule of the shares and stock options issued to Executive pursuant to Section 5.3 above, and the vesting of the shares and
stock options issued to Executive pursuant to Section 5.3 above shall continue to be at all times be governed by the terms set
forth in Section 5.3(c) above). Executive’s right to receive, and the Company’s obligation to pay and provide, any
of the payments of Severance (other than payment of unpaid Salary (if any) earned and accrued prior to the effective date of such
termination) shall be subject to (1) Executive’s compliance with, and observance of, all of Executive’s obligations
under this Agreement that continue beyond such termination, and (2) Executive’s execution, delivery and non-revocation of,
and performance under, a release in favor of Employer and its affiliates in the form of Exhibit A attached hereto (as such
form may be modified so as to comply with all applicable laws as then in effect) (the “Release”) within forty-five
(45) days of the termination of Executive’s employment. For the avoidance of doubt, in the event of a Change in Control
(as defined below) during Executive’s employment with Employer, all (if any) unvested stock awards or stock option awards
by Employer to Executive pursuant to Employer’s equity incentive plan shall be deemed vested on the effective date of such
Change in Control.

 

(b)
If Employer terminates Executive for Cause pursuant to Section 6.1, or if Executive resigns or otherwise terminates his
employment with Employer for any reason, other than Good Reason, then Executive shall be entitled to the following compensation:
(i) the portion of the Salary which has accrued through the effective date of termination, and (ii) any payments for reimbursement
expenses, which are due, accrued or payable at the effective date of Executive’s termination. All payments required to be
made by Employer to Executive pursuant to this Section 6.4(b) shall be paid when such payments are due and payable.

 

(c)
If Employer terminates Executive pursuant to Section 6.2, then Executive shall be entitled to the following compensation:
(i) the portion of the Salary which has accrued through the effective date of termination, and (ii) any payments for reimbursement
expenses, which are due, accrued or payable at the effective date of Executive’s termination. All payments required to be
made by Employer to Executive pursuant to this Section 6.4(c) shall be paid when such payments are due and payable.

 

(d)
In all events, subsequent to the termination of Executive’s employment (other than a termination because of Executive’s
death), Executive shall be entitled to continuation of group health plan benefits to the extent authorized by and consistent with
29 U.S.C. §1161 et seq. (commonly known as “COBRA”), with the cost of the regular premium for such
benefits paid exclusively by Executive.

 

    	7

     

    

 

(e)
The amounts payable under this Section 6.4 are intended to be, and are, exclusive and in lieu of any other rights or remedies
to which Executive may otherwise be entitled, including under common, tort or contract law, under policies of Employer and its
affiliates in effect from time to time, under this Agreement or otherwise, as a result of Executive’s termination of employment
hereunder. Employer shall not be obligated to (i) commence such payments (other than payment of (1) unpaid Salary (if any) earned
and accrued prior to the effective date of such termination and reimbursement (subject to the terms and conditions of Section
5.5 above) of Executive’s business expenses incurred by Executive prior to the effective date of such termination) until
such time as Executive has provided an irrevocable general release in favor of Employer and its subsidiaries and affiliates, and
their respective shareholders, partners, members, managers, directors, officers, Executives, agents and representatives in form
and substance reasonably acceptable to Employer, or (ii) continue such payments at any time following a breach of the provisions
of Section 7 through 9 of this Agreement.

 

6.5
Board Resignation. Upon termination of Executive’s employment for any reason, Executive agrees to resign, as of the
date of such termination and to the extent applicable, as an officer of Employer and its affiliates and from any other board or
managers, board of directors, and any and all other managing body of Employer or other affiliates and their respective committees
if and to the extent he is serving in any such capacity.

 

7.
Confidential Information. Executive will
hold at all times, including following the termination of Executive’s employment under this Agreement, in strict confidence
and not disclose or use any Confidential Information (as defined below). “Confidential Information” shall mean
information about Employer and its affiliates, clients and customers and others with which any of Employer and/or its affiliates
has business relationships and other information, documents or materials disclosed to Executive or known by Executive as a consequence
of or through his employment by Employer that is not disclosed publicly by Employer, including for financial reporting purposes
or otherwise in the public domain and that was or will be learned by Executive in the course of providing services to Employer
or its affiliates, including (without limitation) all information and materials relating to (i) the financial condition, operations,
business and interests of Employer or its affiliates, (ii) the systems, technology, data, formulae, know-how, records, marketing
and sales techniques and/or programs, methods, methodologies, manuals, lists and other trade secrets from time to time acquired,
sold, developed, maintained and/or used by Employer, (iii) the nature, terms and history of Employer’s or its affiliates’
relationships with their respective clients, customers, suppliers, underwriters, lenders, vendors, consultants, independent contractors,
attorneys, accountants and employees, (iv) Employer’s or its affiliates’ employees, officers and/or managers, and
(v) all papers, resumes, and records (including computer records) of the documents containing such information. Upon termination
of employment, Executive shall deliver to Employer all documents, records, notebooks, work papers, electronic media and any other
repositories of any source, including, without limitation, paper, electronic, etc., containing any information concerning Employer
and/or its affiliates, whether prepared by Executive, Employer or anyone else. Notwithstanding the immediately preceding sentence,
upon termination of employment, Executive may destroy (and certify such destruction in writing to Employer) any duplicates of
the materials or documents referred to in the immediately preceding sentence, provided that, for the avoidance of doubt, Executive
shall and not destroy but rather return to Employer all Employer’s property (including, without limitation, all property,
equipment, computers, laptops, smartphones, documents, media and materials that are in Executive’s possession or control
relating to Employer, its affiliates and their respective business). The foregoing restrictions shall not apply to (i) information
which is or becomes, other than as a result of a breach of this Agreement, generally available to the public, (ii) information
which is obtained from a source other than Employer or its affiliates and other than by breach of an obligation of confidentiality
owed to Employer or (iii) the disclosure of information required pursuant to a subpoena or other legal process; provided
that Executive shall notify Employer, in writing, of the receipt of any such subpoena or other legal process requiring such disclosure
immediately after receipt thereof and Executive shall make reasonable best efforts to allow Employer to have a reasonable opportunity
to quash such subpoena or other legal process prior to any disclosure by Executive.

 

8.
Proprietary Rights. Executive acknowledges
and agrees that all work performed by Executive and all materials and products developed or prepared for either Employer or its
affiliates or their respective customers, clients, agents or affiliates by Executive before and after the Effective Date are the
property of Employer, and all title and interest therein shall vest in Employer and shall be deemed to be a work made for hire
in the course of the services rendered hereunder. Executive shall also execute any Executive proprietary rights or invention assignment
agreement reasonably requested by Employer.

 

    	8

     

    

 

9.
Non-Solicitation. Executive agrees that during his employment with Employer and for two (2) years thereafter, he will not,
directly or indirectly induce or solicit, or aid or assist any person or entity to induce or solicit, any members, managers, officers,
employees or affiliates of Employer and/or its affiliates, or any customers or clients of Employer and/or its affiliates to terminate,
curtail or otherwise limit its, his or her employment by or business relationship with Employer and/or its affiliates. The parties
hereto agree that the provisions of this Section 9 are reasonable. If a court determines, however, that any provision of
this Section 9 is unreasonable, either in period of time, geographical area or otherwise, then the parties hereto agree
that the provisions of this Section 9 should be interpreted and enforced to the maximum extent which such court deems reasonable.

 

10.
Assignment. This Agreement shall not be
assignable, in whole or in part, by Executive. This Agreement shall be assignable by Employer to Employer’s successors and/or,
in the event of any Liquidity Event, to Employer’s assigns.

 

11.
Successors. This Agreement shall inure
to the benefit of and be enforceable by Executive’s personal and legal representatives, executors, administrators, successors,
heirs, distributees, devisees and legatees. If Executive should die while any amounts are still payable to him hereunder, all
such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Executive’s
devisee, legatee, or other designee or, if there be no such designee, to Executive’s estate.

 

12.
Employer’s Interest; Consideration to
Executive; Injunctive Relief; Notification.

 

12.1
Employer’s Interest. Executive acknowledges that Employer has expended and will expend substantial amounts of time,
money and effort to develop business strategies, customer relationships, employee relationships, trade secrets and goodwill and
to build an effective organization and that Employer has a legitimate business interest and right in protecting those assets as
well as any similar assets that Employer may develop or obtain. Executive acknowledges that Employer is entitled to protect and
preserve the going concern value of Employer and its business and trade secrets to the extent permitted by law. Executive acknowledges
and agrees that the restrictions imposed upon Executive under this Agreement are reasonable and necessary for the protection of
Employer’s goodwill, confidential information, trade secrets and customer relationships and that the restrictions set forth
in this Agreement will not prevent Executive from earning a livelihood without violating any provision of this Agreement.

 

12.2
Consideration to Executive. In consideration of Employer’s entering into this Agreement and Employer’s obligations
hereunder and other good and valuable consideration, the receipt of which is hereby acknowledged, and acknowledging hereby that
Employer would not have entered into this Agreement without the covenants contained in Section 7 through 9 of this
Agreement, Executive hereby agrees to be bound by the provisions and covenants contained in Section 7 through 9
of this Agreement.

 

12.3
Injunctive Relief. Executive agrees that it would be difficult to compensate Employer fully for damages for any violation
of the provisions of Section 7 through 9 of this Agreement. Accordingly, Executive specifically agrees that Employer
shall be entitled to temporary and permanent injunctive relief to enforce the provisions of this Agreement. This provision with
respect to injunctive relief shall not, however, diminish the right of Employer to claim and recover damages in addition to injunctive
relief.

 

12.4
Notification of Subsequent Employer. Prior to accepting employment with any other person or entity during any period during
which Executive remains subject to any of the covenants set forth in Section 7 through 9 of this Agreement, Executive
shall provide such prospective employer with written notice of the provisions set forth in Section 7 through 9 of
this Agreement, with a copy of such notice delivered simultaneously to Employer.

 

    	9

     

    

 

13.
Miscellaneous.

 

13.1
Governing Law; Venue. This Agreement is
made under and shall be governed by and construed in accordance with the laws of the State of Florida, without reference to its
conflicts of law principles. Each party irrevocably agrees that any legal action, suit or proceeding against them arising out
of or in connection with this Agreement or the transactions contemplated by this Agreement or disputes relating hereto (whether
for breach of contract, tortuous conduct or otherwise) shall be brought exclusively in the federal or state courts located in
Miami-Dade County, Florida and hereby irrevocably accepts and submits to the exclusive jurisdiction and venue of the aforesaid
courts in personam, with respect to any such action, suit or proceeding. The prevailing party in any dispute or legal action arising
under this Agreement shall be entitled to recover its reasonable expenses, attorneys’ fees and costs from the non-prevailing
party.

 

13.2
Waiver of Jury Trial. Each
party hereby waives, to the fullest extent permitted by applicable law, any right it may have to a trial by jury in respect to
any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each party (i) certifies that
no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would not,
in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that it and the other parties hereto have
been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 13.2.

 

13.3
Prior Agreements. This Agreement contains
the entire agreement of the parties relating to the subject matter hereto and supersede all prior agreements and understanding
with respect to such subject matter and the parties hereto have made no agreements, representations or warranties relating to
the subject matter of this Agreement which are not set forth herein.

 

13.4
Withholding Taxes. Employer may withhold
from any salary and benefits payable under this Agreement all federal, state, city or other taxes or amounts as shall be required
to be withheld pursuant to any law or governmental regulation or ruling.

 

13.5
Amendments. No amendment or modification
of this Agreement shall be deemed effective unless made in writing signed by the parties hereto.

 

13.6
No Waiver. No term or condition of this
Agreement shall be deemed to have been waived nor shall there be any estoppel to enforce any provisions of this Agreement, except
by a statement in writing signed by the party against whom enforcement of the waiver or estoppel is sought. Any written waiver
shall not be deemed a continuing waiver unless specifically stated, shall operate only as to the specific term or condition waived
and shall not constitute a waiver of such term or condition for the future or as to any act other than that specifically waived.

 

13.7
Severability. To the extent any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted
herefrom and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

 

13.8
Survival. The rights and obligations of Employer and Executive under the provisions of this Agreement shall survive and
remain binding and enforceable, notwithstanding any termination of Executive’s employment with Employer, to the extent necessary
to preserve the intended benefits of such provisions.

 

13.9
Executive Representation.
Executive hereby represents to Employer that the execution and delivery of this Agreement
by Executive and Employer and the performance by Executive of Executive’s duties
hereunder shall not constitute a breach of, or otherwise contravene, or be prevented, interfered with or hindered by, the terms
of any employment agreement, non-competition agreement, confidentiality agreement, non-disclosure agreement, non-circumvention
agreement, consulting agreement, services agreement, or other agreement or policy to which Executive is a party or otherwise bound.

 

13.10
Set Off.
Employer’s obligation to pay Executive the amounts provided and to make the arrangements
provided hereunder shall be subject to set-off, counterclaim or recoupment of amounts owed by Executive to Employer or
its affiliates.

 

13.12
No Construction Against Draftsmen. The
parties acknowledge that this is a negotiated agreement, and that in no event shall the terms of this Agreement be construed against
either party on the basis that such party, or its counsel, drafted this Agreement.

 

13.13
Counterpart Execution. This Agreement may be executed by facsimile and in counterparts, each of which shall be deemed an
original and all of which when taken together shall constitute but one and the same instrument.

 

[SIGNATURES
ARE ON NEXT PAGE.]

 

    	10

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year set forth above.

 

	 	“Employer”:
	 	 	 
	 	MOTORSPORT
    gaming us llc
	 	 	 
	 	By:
    	/s/
    Mike Zoi
	 	Name:
    	Mike
    Zoi
	 	Title:	Manager
	 	 	 
	 	“Executive”:
	 	 	 
	 	/s/
    Dmitry Kozko
	 	Print
    Name: DMITRY KOZKO

 

    	11

     

    

 

EXHIBIT
A

 

FORM
OF

SEPARATION
AGREEMENT AND GENERAL RELEASE

 

This
Separation Agreement and General Release (this “Agreement”), dated _____________ is by and between MOTORSPORT
GAMING US llc, a Florida limited liability company (the “Company”), and DMITRY KOZKO (“you”).
For all purposes in this Agreement, the Company shall also include its affiliates, subsidiaries, parents, and their respective
present and former shareholders, officers, directors, members, employees, representatives and agents.

 

1.
Termination of Employment. You acknowledge that you were an employee of the Company pursuant to that certain Employment
Agreement between the Company and you, effective as of January 1, 2020 (the “Employment Agreement”), that your
employment with the Company has been terminated without Cause (as such term is defined in the Employment Agreement) effective
_______________ (the “Termination Date”).

 

2.
Severance.

 

(a)
In consideration of your acceptance of this Agreement, and in full satisfaction of all owed salary and benefits through the last
date of your employment, after you sign this Agreement and all other conditions of payment have been met, the Company shall provide
you with the Severance, as such term is defined in, and subject to the terms set forth in the Employment Agreement, payable as
set forth in Section 6.4(a) of the Employment Agreement, but in any event not earlier than (i) you sign and deliver this Agreement
to the Company and (ii) the expiration of the seven (7) day revocation period set forth paragraph 12 below. You acknowledge and
agree that the Severance constitutes good and sufficient consideration for this Agreement. You acknowledge and agree that the
Severance constitutes good and sufficient consideration for this Agreement.

 

(b)
The Company will issue a W-2 form at the appropriate time for payment. You will receive a separate written notice, known as COBRA
notice, regarding your ability to continue at your expense your health and dental coverage under the Company’s group plans.

 

(c)
You represent that you will not make any claim for any additional wages (including overtime), paid time off, bonuses, and other
benefits and compensation to which you were or may have been entitled by virtue of your employment with the Company or termination
thereof except for those expressly described in this Agreement. You will not receive the payments described in this paragraph
2 if you (i) do not sign this Agreement, (ii) rescind this Agreement after signing it, or (iii) violate any of the terms and conditions
set forth in this Agreement.

 

3.
General Release. In exchange for the consideration set forth in paragraph 2 above, you agree unconditionally to waive,
release, forever discharge, covenant not to sue with respect to, and to hold each of the Company, and its affiliates, subsidiaries,
parents, present and former shareholders, partners, members, managers, officers, directors, employees, representatives and agents
(each, a “Released Party” and, collectively, the “Released Parties”) harmless against, the
assertion of each and every action, claim, right, or demand of any kind or nature, known or unknown, in law or equity, contract
or tort and however originating or existing which you have or may have against any of the Released Parties up until the date of
this execution of this Agreement with respect to your employment or the termination of your employment. This includes, without
limitation, any and all claims, rights, actions, liabilities or demands of whatsoever nature which might be raised pursuant to
any constitution, law, regulation, ordinance, statute, or common law theory or other authority, whether in tort, contract, equity
or otherwise, including, but not limited to, Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. Section 1981, the
Employee Retirement Income Security Act of 1974, as amended, the Family and Medical Leave Act, the Americans with Disabilities
Act of 1990, Fair Labor Standards Act, the Florida Civil Rights Act, the Florida Whistle-Blower’s Act, Fla. Stat. Section
440.205, the Age Discrimination in Employment Act, the Older Worker Benefit Protection Act, the National Labor Relations Act,
the Fair Credit Reporting Act, the Immigration Reform Control Act, Executive Order 11246; the Occupational Safety and Health Act,
the Equal Pay Act, the Uniformed Services Employment and Reemployment Rights Act, the Worker Adjustment and Retraining Notification
Act, the Employee Polygraph Protection Act, the United States Constitution, the Florida Constitution, any state or federal anti-discrimination,
consumer protection and/or trade practices act, and any local laws, including any local ordinances, together with any expenses,
costs and attorney’s fees which might be raised pursuant to the above stated laws. You expressly intend this release to
reach to the maximum extent provided by law.

 

    	12

     

    

 

4.
Legal Proceedings. You warrant that you have not filed any legal proceeding, whether in court or with an administrative
agency, and you have not made any assignment to anyone of any claims against any of the Released Parties. This Agreement is intended
to be a full and complete release of all claims against each Released Party. If you nevertheless initiate a lawsuit against any
of the Released Parties in violation of this Agreement and receive monies therefrom, the Company shall be entitled to a set off
in the amounts you have received or are entitled to receive under this Agreement.

 

5.
Prospective Employers. The parties agree that any prospective employers who contact the Company for a reference will be
advised of your dates of employment, your job title and your Salary. You agree that you will advise prospective employers to contact
hr@motorsport.com for any reference.

 

6.
Non-Admission. The parties further acknowledge that nothing in this Agreement constitutes an admission by the parties of
any improper or unlawful act(s) or of any (a) violation of any statute, regulation, or other provision of statutory, regulatory,
or common law, (b) breach of contract, or (c) commission of any tort. The parties forever waive all rights to assert that this
Agreement was the result of a mistake in law or in facts.

 

7.
Non-Disparagement; Confidentiality.

 

(a)
From the time of your execution of this Agreement, (i) you agree to refrain from making any negative or disparaging comments about
any of the Released Parties to anyone and (ii) the Company agrees to refrain from making any negative or disparaging comments
about you to anyone.

 

(b)
From the time of your execution of this Agreement, the Company, on the one hand, and you or anyone else acting on your behalf,
on the other hand, shall not disclose, either directly or indirectly, any information whatsoever regarding any of the terms of,
or the existence of this Agreement, or the fact that the Company is paying any Severance to you, or the amount of said payment.
This confidentiality provision shall not apply to any disclosure of this Agreement by (i) the Company to its representatives and
advisors on a need to know basis and (ii) you to your attorneys, accountant, or other bona fide tax adviser, or any bona fide
financial planner you have employed, but you shall inform each of them of the confidentiality of this Agreement, and they shall
be similarly bound.

 

8.
Information. By signing this Agreement, you acknowledge and agree that you have had access in your employment with the
Company to confidential and proprietary information, and further acknowledge and agree that the release or disclosure of any confidential
or proprietary information will cause the Company or any other Released Party irreparable injury. By signing this Agreement, you
acknowledge that you have not directly or indirectly used or disclosed, and agree that you will not at any time directly or indirectly
use or disclose, to any other entity or person, directly or indirectly, any confidential or proprietary information of the Company
or any of its affiliates and/or subsidiaries. For purposes of this Agreement, the term “confidential or proprietary information”
shall include, but not be limited to, trade secrets, customer and contact lists and information pertaining to such lists, computer
software designed for or by the Company or its affiliates, the Company’s or its affiliates’ proprietary applications
and programs, databases, technology and know-how. However, you may disclose Confidential Information only to the extent you are
required to disclose such Confidential Information by law.

 

    	13

     

    

 

9.
Return of Property. As of the Termination Date, you shall return all property, equipment, computers, laptops, smartphones,
documents and materials that were in your possession or control relating to the business of, or the services provided by, the
Company or its affiliates. By signing this Agreement, you acknowledge and agree that all documents and materials relating to the
business of, or the services provided by, the Company or its affiliates are the sole property of the Company or its affiliates.
By signing this Agreement, you further agree and represent that you have returned and/or shall return by the Termination Date
to the Company all of its property, including but not limited to, all customer records and other documents and materials, whether
on computer disc, hard drive or other form, and all copies thereof, within your possession or control, which in any manner relate
to the business of or the duties and services you performed.

 

10.
Remedies. You agree that any breach by you of any of the provisions of paragraphs 7 or 8 of this Agreement will cause irreparable
harm to the Company or its affiliates that could not be made whole by monetary damages and that, in the event of such a breach,
you will waive the defense in any action for specific performance that a remedy at law would be adequate, and the Company or its
affiliates will be entitled to specifically enforce the terms and provisions of paragraphs 7 or 8 of this Agreement without the
necessity of proving actual damages or posting any bond or providing prior notice, in addition to any other remedy to which the
Company or its affiliates may be entitled at law or in equity.

 

11.
Notice of Right to Consult Attorney and Twenty-One (21) Day Consideration Period. By signing this Agreement, you agree
and certify that (i) you have carefully read and fully understand all of the provisions of this Agreement, (ii) you understand
and agree that you are and have been allowed a reasonable period of time (up to 21 days) from receipt of this Agreement to consider
the terms hereof before signing it; (ii) you have been encouraged and you are advised in writing, by this Agreement, to consider
the terms of this Agreement and consult with an attorney of your choice before signing this Agreement and you have done so, or
chosen not to do so of your own accord; and (iii) you agree to the terms of this Agreement knowingly, voluntarily, and without
intimidation, coercion, or pressure, and intend to be legally bound by this Agreement.

 

12.
Revocation Period. You may revoke this Agreement within the seven (7) day period following its execution by you. Any revocation
must be submitted, in writing, to legal@motorsport.com and must state, “I hereby revoke my acceptance of my Agreement.”
If the last day of either revocation period is a Saturday, Sunday or legal holiday recognized by the State of Florida, then such
revocation period shall not expire until the next following day which is not a Saturday, Sunday or legal holiday. You acknowledge
and agree that the general release in this Agreement includes a WAIVER OF ALL RIGHTS AND CLAIMS you may have under the
Age Discrimination in Employment Act of 1967 (29 U.S.C. §621 et seq.), as amended by the Older Workers’ Benefit Protection
Act, and that this waiver is knowing and voluntary. You further acknowledge that you have been advised in writing by this Agreement
that you have a maximum of seven (7) days following the execution of this Agreement to revoke this Agreement and that this Agreement
shall not become effective until the revocation period has expired.

 

13.
Expiration of Offer. The offer contained in this Agreement shall expire at 5:00 p.m. on the twenty-second (22nd)
day after you receive it, not counting the date of receipt. If the Company has not received a signed original of this Agreement
from you by that time, this offer will be automatically revoked.

 

14.
Entire Agreement; Modifications. This Agreement constitutes the entire agreement and understanding between the parties
with respect to the subject matter hereof and all prior negotiations regarding any wages or compensation are merged into this
Agreement. This Agreement may not be modified except as may be set forth in writing and executed by the parties hereto. The parties
acknowledge that there are no other promises, agreements, condition, undertakings, warranties, or representation, oral or written,
express or implied, between them other than as set forth herein and in the Employment Agreement.

 

    	14

     

    

 

15.
Governing Law and Venue. This Agreement shall be construed, enforced and interpreted in accordance with the laws of the
State of Florida and venue for any action to enforce or construe the Agreement shall be in Miami-Dade County, Florida. Should
any action be brought regarding the enforceability of the Agreement, the prevailing party shall be entitled to recover its reasonable
attorney’s fees and costs, including any fees and costs of appeal.

 

16.
Enforceability. If one or more paragraph(s) of this Agreement shall be ruled unenforceable, the Company may elect to enforce
the remainder of the Agreement. This Agreement may be executed in two or more counterparts, each of which will take effect as
an original and all of which shall evidence one and the same agreement.

 

17.
Counterparts. This Agreement may be executed and delivered (including by facsimile transmission) in one or more counterparts,
and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be
an original but all of which taken together shall constitute one and the same agreement. Copies of executed counterparts transmitted
by telecopy or other electronic transmission service shall be considered original executed counterparts.

 

After
you have reviewed this Agreement and obtained whatever advice and counsel you consider appropriate regarding it, please evidence
your agreement to the provisions set forth in this Agreement by dating and signing this Agreement in the presence of a witness.
The witness should also date and sign in the spaces provided for the witness. You should keep a copy of this Agreement for your
records.

 

Motorsport
GAMING US llc

 

	By:	 	 
	Name:	 	 
	Title:
    	 	 

 

    	15

     

    

 

ACKNOWLEDGMENT
AND SIGNATURE

 

By
signing below, I acknowledge and agree that I have read this Agreement carefully. I understand all of its terms. In signing this
Agreement, I have not relied on any statements or explanations except as specifically set forth in this Agreement. I have had
adequate time to consider whether to sign this Agreement and am voluntarily and knowingly releasing my claims against the Released
Parties (as defined in paragraph 3 of this Agreement) as set forth herein. I intend this Agreement to be legally binding.

 

Date
I received this Agreement:                              ,
20 .

 

Accepted
this ___ day of __________, 20__.

 

	 	 	 
	DMITRY
KOZKO	 	 

 

	Witness:
    	 	 
	 	 	 
	(Print
    Name):	 	 

 

    	16

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