Document:

Exhibit 10.1

 

EXECUTION VERSION

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS
AGREEMENT (this “Agreement”), dated as of December 23, 2016, is made and entered into by and among Hydra
Industries Acquisition Corp., a Delaware corporation (the “Purchaser”), and the undersigned parties listed
under Vendors on the signature page hereto (each such party a “Vendor” and collectively the “Vendors”).
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Purchase Agreement (as
defined below).

 

RECITALS

 

WHEREAS, the
parties hereto have entered into that certain Share Sale Agreement, dated as of July 13, 2016, by and among the Vendors, the Purchaser,
DMWSL 633 Limited (the “Company”) and Gaming Acquisitions Limited (the “Purchase Agreement”),
pursuant to which the Purchaser has agreed to purchase and the Vendors have agreed to sell the Sale Shares and the Shareholder
Loan Notes in exchange for the Purchase Price (the “Business Combination”); and

 

WHEREAS, the
Purchase Price shall be comprised of a combination of both shares of common stock of the Purchaser issued on the Completion Date
and pursuant to Schedule 5 of the Purchase Agreement (the “Consideration Shares”) and a cash payment;
and

 

WHEREAS, the
Purchaser and the Vendors desire to enter into this Agreement, pursuant to which the Purchaser shall grant the Vendors certain
registration rights with respect to certain securities of the Purchaser, as set forth in this Agreement;

 

NOW, THEREFORE,
in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

ARTICLE I

DEFINITIONS

 

1.1         Definitions.
The terms defined in this Article I shall, for all purposes of this Agreement, have the respective meanings set forth below:

 

“Adverse
Disclosure” shall mean any public disclosure of material non-public information, which disclosure, in the good faith
judgment of the Chief Executive Officer or principal financial officer of the Purchaser, after consultation with counsel to the
Purchaser, (i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration
Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make
the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances
under which they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were
not being filed, and (iii) the Purchaser has a bona fide business purpose for not making such information public.

 

“Agreement”
shall have the meaning given in the Preamble.

 

    	 	 	 

     

    

 

“Board”
shall mean the Board of Directors of the Purchaser.

 

“Business
Combination” shall mean the transaction contemplated by the Purchase Agreement.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Company”
shall have the meaning given in the Recitals hereto.

 

“Consideration
Shares” shall have the meaning given in the Recitals hereto.

 

“Demand
Registration” shall have the meaning given in subsection 2.1.1.

 

“Demanding
Vendor” shall have the meaning given in subsection 2.1.1.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Form S-1”
shall have the meaning given in subsection 2.1.1.

 

“Form S-3”
shall have the meaning given in subsection 2.3.

 

“Maximum
Number of Securities” shall have the meaning given in subsection 2.1.4.

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration
Statement or Prospectus or necessary to make the statements in a Registration Statement or Prospectus in the light of the circumstances
under which they were made not misleading.

 

“Permitted
Transferees” shall mean, with respect to any Vendor that is not a natural person, any Affiliate of such Vendor or
funds (or similar vehicles) managed by such Vendor’s Affiliates, or existing or future co-investors or limited partners in
such funds, or any other persons or entities to whom a Vendor holding Registrable Securities is permitted to transfer such Registrable
Securities under this Agreement and any letter agreement with the Purchaser.

 

“Piggyback
Registration” shall have the meaning given in subsection 2.2.1.

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as
amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Purchase
Agreement” shall have the meaning given in the Recitals hereto.

 

“Purchaser”
shall have the meaning given in the Preamble.

 

“Purchaser
Stock” shall mean the common stock of the Purchaser, par value $0.0001 per share.

 

    	 	- 2 -	 

     

    

 

“Registrable
Security” shall mean the Consideration Shares and any other equity security of the Purchaser issued or issuable with
respect to any of the Consideration Shares by way of a stock dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or reorganization; provided, however, that, as to any particular Registrable
Security, such securities shall cease to be Registrable Securities when: (A) a Registration Statement with respect to the sale
of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred,
disposed of or exchanged in accordance with such Registration Statement; (B) such securities shall have been otherwise transferred,
new certificates for such securities not bearing a legend restricting further transfer shall have been delivered by the Purchaser
and subsequent public distribution of such securities shall not require registration under the Securities Act; (C) such securities
shall have ceased to be outstanding; (D) such securities shall have been sold without registration pursuant Rule 144 promulgated
under the Securities Act; or (E) such securities have been sold to, or through, a broker, dealer or underwriter in a public
distribution or other public securities transaction.

 

“Registration”
shall mean a registration effected by preparing and filing a registration statement or similar document in compliance with the
requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement
becoming effective.

 

“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(A)         all
registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory
Authority) and any securities exchange on which the Purchaser Stock is then listed;

 

(B)         fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(C)         printing,
messenger, telephone and delivery expenses;

 

(D)         reasonable
fees and disbursements of counsel for the Purchaser;

 

(E)         reasonable
fees and disbursements of all independent registered public accountants of the Purchaser incurred specifically in connection with
such Registration; and

 

(F)         reasonable
fees and expenses of one (1) legal counsel selected by the majority-in-interest of the Demanding Vendors initiating a Demand Registration
to be registered for offer and sale in the applicable Registration.

 

“Registration
Statement” shall mean any registration statement that covers the Registrable Securities pursuant to the provisions
of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments)
and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration
statement.

 

    	 	- 3 -	 

     

    

 

“Requesting
Vendor” shall have the meaning given in subsection 2.1.1.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“Underwriter”
shall mean a securities dealer who purchases any Registrable Securities as principal in an Underwritten Offering and not as part
of such dealer’s market-making activities.

 

“Underwritten
Registration” or “Underwritten Offering” shall mean a Registration in which securities
of the Purchaser are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

 

“Vendors”
shall mean the undersigned parties listed under Vendors on the signature page hereto and any Permitted Transferee thereof who has
agreed to be bound by the provisions of this Agreement in accordance with Section 5.2.2.

 

ARTICLE II

REGISTRATIONS

 

2.1         Demand
Registration.

 

2.1.1         Request
for Registration. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, at any time and from
time to time on or after the date the Purchaser consummates the Business Combination, the Vendors holding at least a majority in
interest of the then outstanding number of Registrable Securities owned by all Vendors (the “Demanding Vendors”)
may make a written demand for Registration under the Securities Act of all or part of their Registrable Securities, which written
demand shall describe the amount and type of securities to be included in such Registration and the intended method(s) of distribution
thereof (such written demand a “Demand Registration”). The Purchaser shall, within ten (10) days of the
Purchaser’s receipt of the Demand Registration, notify, in writing, all other Vendors holding Registrable Securities of such
demand, and each Vendor holding Registrable Securities who thereafter wishes to include all or a portion of such Vendor’s
Registrable Securities in a Registration pursuant to a Demand Registration (each such Vendor that includes all or a portion of
such Vendor’s Registrable Securities in such Registration, a “Requesting Vendor”) shall so notify
the Purchaser, in writing, within five (5) days after the receipt by the Vendor of the notice from the Purchaser. Upon receipt
by the Purchaser of any such written notification from a Requesting Vendor(s) to the Purchaser, such Requesting Vendor(s) shall
be entitled to have their Registrable Securities included in a Registration pursuant to a Demand Registration and the Purchaser
shall effect, as soon thereafter as practicable, but not more than forty five (45) days immediately after the Purchaser’s
receipt of the Demand Registration (or, in the event the Commission reviews and has written comments to the Registration Statement,
not more than ninety (90) days immediately after the Purchaser’s receipt of the Demand Registration, provided that no shorter
time period is then applicable to any other Purchaser Stock that the Purchaser is obligated to register), the Registration of all
Registrable Securities requested by the Demanding Vendors and Requesting Vendors pursuant to such Demand Registration. Under no
circumstances shall the Purchaser be obligated to effect more than an aggregate of three (3) Registrations for each of the Demanding
Vendors pursuant to a Demand Registration under this subsection 2.1.1 with respect to any or all Registrable Securities;
provided, however, that a Registration shall not be counted for such purposes unless a Form S-1 or any similar long-form
registration statement that may be available at such time (“Form S-1”) has become effective and all of
the Registrable Securities requested by the Requesting Vendors to be registered on behalf of the Requesting Vendors in such Form
S-1 Registration have been sold, in accordance with Section 3.1 of this Agreement.

 

    	 	- 4 -	 

     

    

 

2.1.2         Effective
Registration. Notwithstanding the provisions of subsection 2.1.1 above or any other part of this Agreement, a Registration
pursuant to a Demand Registration shall not count as a Registration unless and until (i) the Registration Statement filed with
the Commission with respect to a Registration pursuant to a Demand Registration has been declared effective by the Commission and
(ii) the Purchaser has complied with all of its obligations under this Agreement with respect thereto; provided, further,
that if, after such Registration Statement has been declared effective, an offering of Registrable Securities in a Registration
pursuant to a Demand Registration is subsequently interfered with by any stop order or injunction of the Commission, federal or
state court or any other governmental agency the Registration Statement with respect to such Registration shall be deemed not to
have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated,
and (ii) a majority-in-interest of the Demanding Vendors initiating such Demand Registration thereafter affirmatively elect
to continue with such Registration and accordingly notify the Purchaser in writing, but in no event later than five (5) days, of
such election; provided, further, that the Purchaser shall not be obligated or required to file another Registration
Statement until the Registration Statement that has been previously filed with respect to a Registration pursuant to a Demand Registration
becomes effective or is subsequently terminated.

 

2.1.3         Underwritten
Offering. Subject to the provisions of subsection 2.1.4 and Section 2.4 hereof, if a majority-in-interest of
the Demanding Vendors so advise the Purchaser as part of their Demand Registration that the offering of the Registrable Securities
pursuant to such Demand Registration shall be in the form of an Underwritten Offering, then the right of such Demanding Vendor
or Requesting Vendor (if any) to include its Registrable Securities in such Registration shall be conditioned upon such Vendor’s
participation in such Underwritten Offering and the inclusion of such Vendor’s Registrable Securities in such Underwritten
Offering to the extent provided herein. All such Vendors proposing to distribute their Registrable Securities through an Underwritten
Offering under this subsection 2.1.3 shall enter into an underwriting agreement in customary form with the Underwriter(s)
selected for such Underwritten Offering by the majority-in-interest of the Demanding Vendors initiating the Demand Registration.

 

2.1.4         Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Registration pursuant to a Demand
Registration, in good faith, advises the Purchaser, the Demanding Vendors and the Requesting Vendors (if any) in writing that the
dollar amount or number of Registrable Securities that the Demanding Vendors and the Requesting Vendors (if any) desire to sell,
taken together with all other Purchaser Stock or other equity securities that the Purchaser desires to sell and the Purchaser Stock,
if any, as to which a Registration has been requested pursuant to separate written contractual piggy-back registration rights held
by any other stockholders who desire to sell, exceeds the maximum dollar amount or maximum number of equity securities that can
be sold in the Underwritten Offering without adversely affecting the proposed offering price, the timing, the distribution method,
or the probability of success of such offering (such maximum dollar amount or maximum number of such securities, as applicable,
the “Maximum Number of Securities”), then the Purchaser shall include in such Underwritten Offering,
as follows: (i) first, the Registrable Securities of the Demanding Vendors and the Requesting Vendors (if any) (pro rata based
on the respective number of Registrable Securities that each Demanding Vendor and Requesting Vendor (if any) has requested be included
in such Underwritten Registration and the aggregate number of Registrable Securities that the Demanding Vendors and Requesting
Vendors have requested be included in such Underwritten Registration (such proportion is referred to herein as “Pro
Rata”)) that can be sold without exceeding the Maximum Number of Securities; (ii) second, to the extent that the
Maximum Number of Securities has not been reached under the foregoing clause (i), the Purchaser Stock or other equity securities
that the Purchaser desires to sell, which can be sold, without exceeding the Maximum Number of Securities; and (iii) third, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Purchaser Stock
or other equity securities of other persons or entities that the Purchaser is obligated to register in a Registration pursuant
to separate written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of Securities.

 

    	 	- 5 -	 

     

    

 

2.1.5         Demand
Registration Withdrawal. A majority-in-interest of the Demanding Vendors initiating a Demand Registration or a majority-in-interest
of the Requesting Vendors (if any) pursuant to a Registration under subsection 2.1.1 shall have the right to withdraw from
a Registration pursuant to such Demand Registration for any or no reason whatsoever upon written notification to the Purchaser
and the Underwriter or Underwriters (if any) of their intention to withdraw from such Registration prior to the effectiveness of
the Registration Statement filed with the Commission with respect to the Registration of their Registrable Securities pursuant
to such Demand Registration. Notwithstanding anything to the contrary in this Agreement, the Purchaser shall be responsible for
the Registration Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal
under this subsection 2.1.5.

 

2.2         Piggyback
Registration.

 

2.2.1         Piggyback
Rights. If, at any time on or after the date the Purchaser consummates the Business Combination, the Purchaser proposes to
file a Registration Statement under the Securities Act with respect to an offering of equity securities, or securities or other
obligations exercisable or exchangeable for, or convertible into equity securities (“Offering Securities”),
for its own account or for the account of stockholders of the Purchaser (or by the Purchaser and by the stockholders of the Purchaser
including, without limitation, pursuant to Section 2.1 hereof), other than a Registration Statement (i) filed in connection
with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities solely to the Purchaser’s
existing stockholders, (iii) for an offering of debt that is convertible into equity securities of the Purchaser or (iv) for a
dividend reinvestment plan, then the Purchaser shall give written notice of such proposed filing to all of the Vendors holding
Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated filing date of such Registration
Statement, which notice shall (A) describe the amount and type of securities to be included in such offering, the intended method(s)
of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, in such offering, and (B) offer to
all of the Vendors holding Registrable Securities the opportunity to register the sale of such number of Registrable Securities
as such Vendors may request in writing within five (5) days after receipt of such written notice (such Registration a “Piggyback
Registration”). The Purchaser shall, in good faith, cause such Registrable Securities to be included in such Piggyback
Registration and shall use its best efforts to cause the managing Underwriter or Underwriters of a proposed Underwritten Offering
to permit the Registrable Securities requested by the Vendors pursuant to this subsection 2.2.1 to be included in a Piggyback
Registration on the same terms and conditions as any similar securities of the Purchaser included in such Registration and to permit
the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof.
All such Vendors proposing to distribute their Registrable Securities through an Underwritten Offering under this subsection
2.2.1 shall enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering
by the Purchaser.

 

    	 	- 6 -	 

     

    

 

2.2.2         Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Registration that is to be a Piggyback
Registration, in good faith, advises the Purchaser and the Vendors holding Registrable Securities participating in the Piggyback
Registration in writing that the dollar amount or number of the Offering Securities that the Purchaser desires to sell, taken together
with (i) Purchaser Stock, if any, as to which Registration has been demanded pursuant to separate written contractual arrangements
with persons or entities other than the Vendors holding Registrable Securities hereunder (ii) the Registrable Securities as to
which registration has been requested pursuant Section 2.2 hereof, and (iii) the Purchaser Stock, if any, as to which
Registration has been requested pursuant to separate written contractual piggy-back registration rights of other stockholders of
the Purchaser, exceeds the Maximum Number of Securities, then:

 

(a)         If
the Registration is undertaken for the Purchaser’s account, the Purchaser shall include in any such Registration (A) first,
the Offering Securities or other equity securities that the Purchaser desires to sell, which can be sold without exceeding the
Maximum Number of Securities; and (B) second, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clause (A), the Registrable Securities of Vendors exercising their rights to register their Registrable Securities pursuant
to subsection 2.2.1 hereof and the Purchaser Stock, if any, as to which Registration has been requested pursuant to written
contractual piggy-back registration rights of other stockholders of the Purchaser, Pro Rata, which can be sold without exceeding
the Maximum Number of Securities;

 

(b)         If
the Registration is pursuant to a request by persons or entities other than the Vendors holding Registrable Securities, then the
Purchaser shall include in any such Registration (A) first, the Purchaser Stock or other equity securities, if any, of such requesting
persons or entities, other than the Vendors holding Registrable Securities, which can be sold without exceeding the Maximum Number
of Securities; (B) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause
(A), the Registrable Securities of Vendors exercising their rights to register their Registrable Securities pursuant to subsection
2.2.1 and the Purchaser Stock or other equity securities for the account of other persons or entities that the Purchaser is
obligated to register pursuant to separate written contractual arrangements with such persons or entities, pro rata based on the
number of Registrable Securities that each Vendor has requested be included in such Underwritten Registration and the aggregate
number of Registrable Securities that the Vendors have requested to be included in such Underwritten Registration, which can be
sold without exceeding the Maximum Number of Securities; and (C) third, to the extent that the Maximum Number of Securities
has not been reached under the foregoing clauses (A) and (B), the Offering Securities or other equity securities that the Purchaser
desires to sell, which can be sold without exceeding the Maximum Number of Securities.

 

    	 	- 7 -	 

     

    

 

2.2.3         Piggyback
Registration Withdrawal. Any Vendor holding Registrable Securities shall have the right to withdraw from a Piggyback Registration
for any or no reason whatsoever upon written notification to the Purchaser and the Underwriter or Underwriters (if any) of his,
her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement filed
with the Commission with respect to such Piggyback Registration. The Purchaser (whether on its own good faith determination or
as the result of a request for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration
Statement filed with the Commission in connection with a Piggyback Registration at any time prior to the effectiveness of such
Registration Statement. Notwithstanding anything to the contrary in this Agreement, the Purchaser shall be responsible for the
Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under this subsection 2.2.3.

 

2.2.4         Unlimited
Piggyback Registration Rights. For purposes of clarity, any Registration effected pursuant to Section 2.2 hereof shall
not be counted as a Registration pursuant to a Demand Registration effected under Section 2.1 hereof.

 

2.3         Registrations
on Form S-3. The Vendors holding Registrable Securities may at any time, and from time to time, request in writing that the
Purchaser, pursuant to Rule 415 under the Securities Act (or any successor rule promulgated thereafter by the Commission), register
the resale of any or all of their Registrable Securities on Form S-3 or any similar short-form registration statement that may
be available at such time (“Form S-3”); provided, however, that the Purchaser shall not
be obligated to effect such request through an Underwritten Offering. Within five (5) days of the Purchaser’s receipt of
a written request from a Vendor(s) holding Registrable Securities for a Registration on Form S-3, the Purchaser shall promptly
give written notice of the proposed Registration on Form S-3 to all other Vendors holding Registrable Securities, and each Vendor
holding Registrable Securities who thereafter wishes to include all or a portion of such Vendor’s Registrable Securities
in such Registration on Form S-3 shall so notify the Purchaser, in writing, within ten (10) days after the receipt by the Vendor
of the notice from the Purchaser. As soon as practicable thereafter, but not more than twelve (12) days after the Purchaser’s
initial receipt of such written request for a Registration on Form S-3, the Purchaser shall register all or such portion of such
Vendor’s Registrable Securities as are specified in such written request, together with all or such portion of Registrable
Securities of any other Vendor(s) joining in such request as are specified in the written notification given by such Vendor(s);
provided, however, that the Purchaser shall not be obligated to effect any such Registration pursuant to Section
2.3 hereof if (i) a Form S-3 is not available for such offering; or (ii) the Vendors holding Registrable Securities,
together with the holders of any other equity securities of the Purchaser entitled to inclusion in such Registration, propose
to sell the Registrable Securities and such other equity securities (if any) at any aggregate price to the public of less than
$5,000,000.

 

    	 	- 8 -	 

     

    

 

2.4         Restrictions
on Registration Rights. If (A) during the period starting with the date sixty (60) days prior to the Purchaser’s
good faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date
of, a Purchaser initiated Registration and provided that the Purchaser has delivered written notice to the Vendors prior to receipt
of a Demand Registration pursuant to subsection 2.1.1 and it continues to actively employ, in good faith, all reasonable
efforts to cause the applicable Registration Statement to become effective; (B) the Vendors have requested an Underwritten Registration
and the Purchaser and the Vendors are unable to obtain the commitment of underwriters to firmly underwrite the offer; or (C) in
the good faith judgment of the Board such Registration would be seriously detrimental to the Purchaser and the Board concludes
as a result that it is essential to defer the filing of such Registration Statement at such time, then in each case the Purchaser
shall furnish to such Vendors a certificate signed by the Chairman of the Board stating that in the good faith judgment of the
Board it would be seriously detrimental to the Purchaser for such Registration Statement to be filed in the near future and that
it is therefore essential to defer the filing of such Registration Statement. In such event, the Purchaser shall have the right
to defer such filing for a period of not more than thirty (30) days; provided, however, that the Purchaser shall
not defer its obligation in this manner more than once in any 12-month period.

 

ARTICLE III

PURCHASER PROCEDURES

 

3.1         General
Procedures. If at any time on or after the date the Purchaser consummates the Business Combination the Purchaser is required
to effect the Registration of Registrable Securities, the Purchaser shall use its best efforts to effect such Registration to
permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof, and pursuant thereto
the Purchaser shall, as expeditiously as possible:

 

3.1.1         prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use
its reasonable best efforts to cause such Registration Statement to become effective and remain effective until all Registrable
Securities covered by such Registration Statement have been sold;

 

3.1.2         prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements
to the Prospectus, as may be requested by the Vendors or any Underwriter of Registrable Securities or as may be required by the
rules, regulations or instructions applicable to the registration form used by the Purchaser or by the Securities Act or rules
and regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration
Statement are sold in accordance with the intended plan of distribution set forth in such Registration Statement or supplement
to the Prospectus;

 

3.1.3         prior
to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriters,
if any, and the Vendors holding Registrable Securities included in such Registration, and such Vendors’ legal counsel, copies
of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case
including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement
(including each preliminary Prospectus), and such other documents as the Underwriters and the Vendors holding Registrable Securities
included in such Registration or the legal counsel for any such Vendors may request in order to facilitate the disposition of the
Registrable Securities owned by such Vendors;

 

    	 	- 9 -	 

     

    

 

3.1.4         prior
to any public offering of Registrable Securities, use its best efforts to (i) register or qualify the Registrable Securities
covered by the Registration Statement under such securities or “blue sky” laws of such jurisdictions in the United
States as the Vendors holding Registrable Securities included in such Registration Statement (in light of their intended plan of
distribution) may request and (ii) take such action necessary to cause such Registrable Securities covered by the Registration
Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business
and operations of the Purchaser and do any and all other acts and things that may be necessary or advisable to enable the Vendors
holding Registrable Securities included in such Registration Statement to consummate the disposition of such Registrable Securities
in such jurisdictions; provided, however, that the Purchaser shall not be required to qualify generally to do business
in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be subject to general
service of process or taxation in any such jurisdiction where it is not then otherwise so subject;

 

3.1.5         cause
all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities
issued by the Purchaser are then listed;

 

3.1.6         provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective
date of such Registration Statement;

 

3.1.7         advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance
of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening
of any proceeding for such purpose and promptly use its reasonable best efforts to prevent the issuance of any stop order or to
obtain its withdrawal if such stop order should be issued;

 

3.1.8         at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus or any document that is to be incorporated by reference into such Registration Statement or Prospectus,
furnish a copy thereof to each seller of such Registrable Securities or its counsel;

 

3.1.9         notify
the Vendors at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities
Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect,
includes a Misstatement, and then to correct such Misstatement as set forth in Section 3.4 hereof;

 

    	 	- 10 -	 

     

    

 

3.1.10         permit
a representative of the Vendors, the Underwriters, if any, and any attorney or accountant retained by such Vendors or Underwriter
to participate, at each such person’s own expense, in the preparation of the Registration Statement, and cause the Purchaser’s
officers, directors and employees to supply all information reasonably requested by any such representative, Underwriter, attorney
or accountant in connection with the Registration; provided, however, that such representatives or Underwriters enter
into a confidentiality agreement, in form and substance reasonably satisfactory to the Purchaser, prior to the release or disclosure
of any such information;

 

3.1.11         obtain
a “cold comfort” letter from the Purchaser’s independent registered public accountants in the event of an Underwritten
Registration, in customary form and covering such matters of the type customarily covered by “cold comfort” letters
as the managing Underwriter may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating
Vendors;

 

3.1.12         on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of
counsel representing the Purchaser for the purposes of such Registration, addressed to the Vendors, the placement agent or sales
agent, if any, and the Underwriters, if any, covering such legal matters with respect to the Registration in respect of which such
opinion is being given as the Vendors, placement agent, sales agent, or Underwriter may reasonably request and as are customarily
included in such opinions and negative assurances letters, and reasonably satisfactory to a majority in interest of the participating
Vendors;

 

3.1.13         in
the event of any Underwritten Offering, enter into and perform its obligations under an underwriting agreement, in usual and customary
form, with the managing Underwriter of such offering;

 

3.1.14         make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve
(12) months beginning with the first day of the Purchaser’s first full calendar quarter after the effective date of the Registration
Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;

 

3.1.15         if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $25,000,000, use its
reasonable efforts to make available senior executives of the Purchaser to participate in customary “road show” presentations
that may be reasonably requested by the Underwriter in any Underwritten Offering; and

 

3.1.16         otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by, the Vendors, in connection
with such Registration.

 

3.2         Registration
Expenses. The Registration Expenses of all Registrations shall be borne by the Purchaser. It is acknowledged by the Vendors
that the Vendors shall bear all incremental selling expenses relating to the sale of Registrable Securities, such as Underwriters’
commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set forth in the definition of “Registration
Expenses,” all reasonable fees and expenses of any legal counsel representing the Vendors.

 

    	 	- 11 -	 

     

    

 

3.3         Requirements
for Participation in Underwritten Offerings. No person may participate in any Underwritten Offering for equity securities
of the Purchaser pursuant to a Registration initiated by the Purchaser hereunder unless such person (i) agrees to sell such person’s
securities on the basis provided in any underwriting arrangements approved by the Purchaser and (ii) completes and executes all
customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements and other customary documents
as may be reasonably required under the terms of such underwriting arrangements.

 

3.4         Suspension
of Sales; Adverse Disclosure. Upon receipt of written notice from the Purchaser that a Registration Statement or Prospectus
contains a Misstatement, each of the Vendors shall forthwith discontinue disposition of Registrable Securities until it has received
copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Purchaser hereby covenants
to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised
in writing by the Purchaser that the use of the Prospectus may be resumed. If the filing, initial effectiveness or continued use
of a Registration Statement in respect of any Registration at any time would require the Purchaser to make an Adverse Disclosure
or would require the inclusion in such Registration Statement of financial statements that are unavailable to the Purchaser for
reasons beyond the Purchaser’s control, the Purchaser may, upon giving prompt written notice of such action to the Vendors,
delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for the shortest period of time,
but in no event more than thirty (30) days, determined in good faith by the Purchaser to be necessary for such purpose. In the
event the Purchaser exercises its rights under the preceding sentence, the Vendors agree to suspend, immediately upon their receipt
of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer
to sell Registrable Securities. The Purchaser shall immediately notify the Vendors of the expiration of any period during which
it exercised its rights under this Section 3.4.

 

3.5         Reporting
Obligations. As long as any Vendor shall own Registrable Securities, the Purchaser, at all times while it shall be reporting
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace
period) all reports required to be filed by the Purchaser after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange
Act and to promptly furnish the Vendors with true and complete copies of all such filings. The Purchaser further covenants that
it shall take such further action as any Vendor may reasonably request, all to the extent required from time to time to enable
such Vendor to sell the Purchaser Stock held by such Vendor without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144 promulgated under the Securities Act, including providing any legal opinions. Upon the
request of any Vendor, the Purchaser shall deliver to such Vendor a written certification of a duly authorized officer as to whether
it has complied with such requirements.

 

3.6         In-Kind
Distributions and Transfers. If any Vendor seeks to effectuate an in-kind distribution or other transfer of all or part of
its Registrable Securities to its Permitted Transferees, the Purchaser will reasonably cooperate with and assist such Vendor,
such Permitted Transferees and the Purchaser’s transfer agent to facilitate such in-kind distribution or other transfer
in the manner reasonably requested by such Vendor (including the delivery of instruction letters by the Purchaser or its counsel
to the Purchaser’s transfer agent, the delivery of customary legal opinions by counsel to the Purchaser and the delivery
of shares of Purchaser Stock without restrictive legends, to the extent no longer applicable).

 

    	 	- 12 -	 

     

    

 

ARTICLE IV

INDEMNIFICATION AND CONTRIBUTION

 

4.1         Indemnification.

 

4.1.1         The
Purchaser agrees to indemnify, to the extent permitted by law, each Vendor holding Registrable Securities, its officers and directors
and each person who controls such Vendor (within the meaning of the Securities Act) against all losses, claims, damages, liabilities
and expenses (including attorneys’ fees) caused by any untrue or alleged untrue statement of material fact contained in any
Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or
alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as the same are caused by or contained in any information furnished in writing to the Purchaser by such Vendor expressly
for use therein. The Purchaser shall indemnify the Underwriters, their officers and directors and each person who controls such
Underwriters (within the meaning of the Securities Act) to the same extent as provided in the foregoing with respect to the indemnification
of the Vendor.

 

4.1.2         In
connection with any Registration Statement in which a Vendor holding Registrable Securities is participating, such Vendor shall
furnish to the Purchaser in writing such information and affidavits as the Purchaser reasonably requests for use in connection
with any such Registration Statement or Prospectus and, to the extent permitted by law, shall indemnify the Purchaser, its directors
and officers and agents and each person who controls the Purchaser (within the meaning of the Securities Act) against any losses,
claims, damages, liabilities and expenses (including without limitation reasonable attorneys’ fees) resulting from any untrue
statement of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof
or supplement thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished
in writing by such Vendor expressly for use therein; provided, however, that the obligation to indemnify shall be
several, not joint and several, among such Vendors holding Registrable Securities, and the liability of each such Vendor holding
Registrable Securities shall be in proportion to and limited to the net proceeds received by such Vendor from the sale of Registrable
Securities pursuant to such Registration Statement. The Vendors holding Registrable Securities shall indemnify the Underwriters,
their officers, directors and each person who controls such Underwriters (within the meaning of the Securities Act) to the same
extent as provided in the foregoing with respect to indemnification of the Purchaser.

 

4.1.3         Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to
indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such
indemnified party’s reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist
with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory
to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement
made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party
who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of
more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable
judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified
parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party, consent to the entry
of any judgment or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is
so paid by the indemnifying party pursuant to the terms of such settlement) or which settlement does not include as an unconditional
term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such
claim or litigation.

 

    	 	- 13 -	 

     

    

 

4.1.4         The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by
or on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive
the transfer of securities. The Purchaser and each Vendor holding Registrable Securities participating in an offering also agrees
to make such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Purchaser’s
or such Vendor’s indemnification is unavailable for any reason.

 

4.1.5         If
the indemnification provided under Section 4.1 hereof from the indemnifying party is unavailable or insufficient to hold
harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the
indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified
party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the
relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The
relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether
any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission to
state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the
indemnifying party’s and indemnified party’s relative intent, knowledge, access to information and opportunity to correct
or prevent such action; provided, however, that the liability of any Vendor under this subsection 4.1.5 shall
be limited to the amount of the net proceeds received by such Vendor in such offering giving rise to such liability. The amount
paid or payable by a party as a result of the losses or other liabilities referred to above shall be deemed to include, subject
to the limitations set forth in subsections 4.1.1, 4.1.2 and 4.1.3 above, any legal or other fees, charges
or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that
it would not be just and equitable if contribution pursuant to this subsection 4.1.5 were determined by pro rata allocation
or by any other method of allocation, which does not take account of the equitable considerations referred to in this subsection
4.1.5. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution pursuant to this subsection 4.1.5 from any person who was not guilty of such fraudulent misrepresentation.

 

    	 	- 14 -	 

     

    

 

ARTICLE V

MISCELLANEOUS

 

5.1         Notices.
Any notice or communication under this Agreement must be in writing and given by (i) deposit in the United States mail, addressed
to the party to be notified, postage prepaid and registered or certified with return receipt requested, (ii) delivery in person
or by courier service providing evidence of delivery, or (iii) transmission by hand delivery, electronic mail or facsimile. Each
notice or communication that is mailed, delivered, or transmitted in the manner described above shall be deemed sufficiently given,
served, sent, and received, in the case of mailed notices, on the third business day following the date on which it is mailed
and, in the case of notices delivered by courier service, hand delivery, electronic mail or facsimile, at such time as it is delivered
to the addressee (with the delivery receipt or the affidavit of messenger) or at such time as delivery is refused by the addressee
upon presentation. Any notice or communication under this Agreement must be addressed to the Purchaser at 250 W. 57th Street,
Suite 2223, New York, New York 10107 and to the Vendor, at such Vendor’s address as found in the Purchaser’s books
and records. Any party may change its address for notice at any time and from time to time by written notice to the other parties
hereto, and such change of address shall become effective thirty (30) days after delivery of such notice as provided in this Section
5.1.

 

5.2         Assignment;
No Third Party Beneficiaries.

 

5.2.1         This
Agreement and the rights, duties and obligations of the Purchaser hereunder may not be assigned or delegated by the Purchaser in
whole or in part.

 

5.2.2         No
Vendor may assign or delegate such Vendor’s rights, duties or obligations under this Agreement, in whole or in part, except
in connection with a transfer of Registrable Securities by such Vendor to a Permitted Transferee, but only if such Permitted Transferee
agrees to become bound by the transfer restrictions and other provisions set forth in this Agreement and, in which case, such Permitted
Transferee shall be deemed a Vendor for all purposes hereunder.

 

5.2.3         This
Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors
and the permitted assigns of the Vendors.

 

5.2.4         This
Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth
in this Agreement and Section 5.2 hereof.

 

5.2.5         No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate
the Purchaser unless and until the Purchaser shall have received (i) written notice of such assignment as provided in Section
5.1 hereof and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Purchaser, to be bound
by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement).
Any transfer or assignment made other than as provided in this Section 5.2 shall be null and void.

 

    	 	- 15 -	 

     

    

 

5.3         Counterparts.
This Agreement may be executed in multiple counterparts (including facsimile or PDF counterparts), each of which shall be deemed
an original, and all of which together shall constitute the same instrument, but only one of which need be produced.

 

5.4         Governing
Law; Venue. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY
AGREE THAT THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF DELAWARE AS APPLIED TO AGREEMENTS
AMONG DELAWARE RESIDENTS ENTERED INTO AND TO BE PERFORMED ENTIRELY WITHIN DELAWARE, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS
OF SUCH JURISDICTION.

 

5.5         Amendments
and Modifications. Upon the written consent of the Purchaser and the Vendors holding at least a majority in interest of the
Registrable Securities at the time in question, compliance with any of the provisions, covenants and conditions set forth in this
Agreement may be waived, or any of such provisions, covenants or conditions may be amended or modified; provided, however,
that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Vendor, solely in its capacity
as a holder of the shares of capital stock of the Purchaser, in a manner that is materially different from the other Vendors (in
such capacity) shall require the consent of the Vendor so affected. No course of dealing between any Vendor or the Purchaser and
any other party hereto or any failure or delay on the part of a Vendor or the Purchaser in exercising any rights or remedies under
this Agreement shall operate as a waiver of any rights or remedies of any Vendor or the Purchaser. No single or partial exercise
of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights
or remedies hereunder or thereunder by such party.

 

5.6         Term.
This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement or (ii) the date as
of which (A) all of the Registrable Securities have been sold pursuant to a Registration Statement (but in no event prior to the
applicable period referred to in Section 4(3) of the Securities Act and Rule 174 thereunder) or (B) the Vendors holding all
Registrable Securities are permitted to sell the Registrable Securities under Rule 144 (or any similar provision) under the
Securities Act without limitation on the amount of securities sold or the manner of sale. The provisions of Section 3.5
and Article IV shall survive any termination.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	- 16 -	 

     

    

 

IN WITNESS WHEREOF,
the undersigned have caused this Agreement to be executed as of the date first written above.

 

	 	COMPANY:
	 	 
	 	HYDRA INDUSTRIES ACQUISITION CORP.,
	 	a Delaware corporation
	 	 	 
	 	By:	/s/ Martin E. Schloss
	 	 	Name: Martin E. Schloss
	 	 	Title: Executive Vice President and Secretary
	 	 	 
	 	VENDORS:
	 	 
	 	LANDGAME S.à.r.l.
	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	ARES CAPITAL EUROPE LIMITED
	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	TRIDENT PRIVATE EQUITY FUND III LP
	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:

 

[Signature Page to Registration Rights
Agreement]

 

    	 	 	 

     

    

 

	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT A)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT B)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT SC)

	 	 	 
	 	By: 	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT NS)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT C)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:

 

[Signature Page to Registration Rights
Agreement]

 

    	 	 	 

     

    

 

	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT D)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT E)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED

                    (CLIENT ACCOUNT H)

	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title:

 

[Signature Page to Registration Rights
Agreement].

Exhibit 10.2

 

EXECUTION VERSION

 

STOCKHOLDERS AGREEMENT

 

THIS STOCKHOLDERS
AGREEMENT (this “Agreement”) is entered into as of the  23rd day of December, 2016, by and among Inspired
Entertainment, Inc. (formerly known as Hydra Industries Acquisition Corp.), a Delaware corporation (the
“Company”), Hydra Industries Sponsor LLC, a Delaware limited liability company (the “Hydra
Sponsor”), MIHI LLC, a Delaware limited liability company (“MIHI”), and the undersigned parties
listed as Vendors on the signature pages hereto (the “Vendor Stockholders,” and collectively with the
Hydra Sponsor and Macquarie the “Stockholders” and each a “Stockholder”).

 

WHEREAS, the Stockholders
and the Company desire to enter into this Agreement to provide the Stockholders with certain rights relating to shares of common
stock, par value $0.0001 per share (“Common Stock”), of the Company, including shares of Common Stock issued
(a) to Landgame S.à.r.l., a Luxembourg limited company (“Vitruvian”), and other Vendors pursuant to that
certain Share Sale Agreement (the “Share Sale Agreement”), dated July 13, 2016, by and among the Company, the
Vendors, DMWSL 633 Limited, and Gaming Acquisitions Limited, providing for the purchase by the Company from the Vendors of the
Sale Shares and Shareholder Loan Notes as defined therein (the “Inspired Transaction”), upon the consummation
of the Inspired Transaction (the “Effective Date”), and (b) to Macquarie pursuant to that certain Contingent
Forward Purchase Contract (the “Macquarie Purchase Agreement”), dated October 24, 2014, by and between the Company
and Macquarie;

 

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

 

ARTICLE
I.

DEFINITIONS

 

1.1           Definitions.
As used in this Agreement, the following terms have the following meanings:

 

“Affiliate”
of any Person means any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by,
or is under common Control with such first Person; provided, however, that with respect to Vitruvian, Affiliates
shall not include any portfolio companies of Vitruvian or any of its affiliated funds.

 

“Agreement”
means this Stockholders Agreement, as it may be amended, modified, supplemented and/or restated from time to time in accordance
herewith.

 

“Business
Day” means any day except a Saturday, Sunday or a legal holiday on which banks in New York are authorized or obligated
by law to close.

 

“Cause”
shall exist with respect to any Director if (i) the Director is indicted for or convicted of a felony in any jurisdiction or (ii)
the receipt by the Company or any of its Subsidiaries of any gaming-related or similar license or approval (or the renewal thereof)
or the ability of the Company or any of its Subsidiaries to conduct business in a particular jurisdiction in compliance with applicable
gaming-related or other laws is jeopardized or called into question based on the written concerns of any applicable governmental
or regulatory authority with respect to such Director.

 

     

     

    

 

“Control”
means, with respect to a Person, the power, directly or indirectly, to direct or cause the direction of the management or policies
of such Person, whether through the ownership of voting securities, by contract, agreement, arrangement, commitment or otherwise
(and the terms “Controlling” and “Controlled” have meanings correlative to the foregoing).

 

“Founder Registration
Rights Agreement” means that certain Registration Rights Agreement, dated as of October 24, 2014, by and among the Company
and the Holders party thereto.

 

“Hydra Sponsor
Group” means, collectively, the Hydra Sponsor and any of its Affiliates.

 

“Independence
Qualification” means an individual is “independent” as defined in the listing standards of the Nasdaq Capital
Market (or other United States national securities exchange on which the Common Stock is listed, if any) and applicable law.

 

“MIHI Group”
means, collectively, MIHI and any of its Affiliates.

 

“Permitted
Transferee” means, with respect to any Person that is not a natural person, (i) any Affiliate of such Person or funds
(or similar vehicles) managed by such Person’s Affiliates, or existing or future co-investors in such funds (“Affiliated
Entities”), or (ii) any managing director, principal, member, shareholder, limited or general partner or retired partner
of such Person or its Affiliated Entities, the estates and immediate families of any such persons and of their spouses, and any
trusts for the benefit of any of the foregoing persons, and with respect to any natural person, the estate and immediate family
of such person and of such person’s spouse, and any trusts for the benefit of any of the foregoing persons.

 

“Person”
means an individual or a corporation, partnership, limited liability company, trust, estate, unincorporated organization, association
or other entity.

 

“Registration
Rights Agreements” means, collectively, the Founder Registration Rights Agreement and the Vendor Registration Rights
Agreement.

 

“Shares”
means shares of Common Stock, and any reference to “all Shares” shall mean the aggregate number of Shares then issued
and outstanding.

 

“Stockholder
Designees” means the Hydra Sponsor Designee, the MIHI/HS Designees and the Vitruvian Designees, and, with respect to
any Stockholder, the particular Director or Directors designated by such Stockholder.

 

“Subsidiary”
means, with respect to any Person (the “parent”) at any date, any other Person of which the parent, directly or indirectly,
owns Equity Interests that (i) represent more than 50% of the total number of outstanding common or other residual Equity Interests
(however denominated) of such Person, (ii) represent more than 50% of the total voting power of all outstanding Equity Interests
of such Person which are entitled to vote in the election of directors, managers or other Persons performing similar functions
for and on behalf of such Person, (iii) are entitled to more than 50% of the dividends paid and other distributions made by such
Person prior to liquidation or (iv) are entitled to more than 50% of the assets of such Person or proceeds from the sale thereof
upon liquidation.

 

     2

     

    

 

“Transaction
Agreements” means, collectively, this Agreement, the Share Sale Agreement, the other Transaction Documents (as defined
in the Share Sale Agreement), the Registration Rights Agreements, and the Macquarie Purchase Agreement, in each case, as amended,
modified or supplemented pursuant to their terms.

 

“Transfer”
means any direct or indirect sale, assignment, transfer, exchange, gift, pledge, grant of a security interest, conveyance or other
disposition, whether voluntary, by operation of law or otherwise, including in connection with any bankruptcy, insolvency or similar
proceeding, judicial order, legal process, execution or attachment or involuntary event, and “Transfer,” used
as a verb, has a corresponding meaning. For the avoidance of doubt, the Parties hereto acknowledge and agree that any Transfer
of Equity Interests of a Person, all or substantially of the assets of which are Common Stock, will be deemed a Transfer of Common
Stock for purposes of this Agreement.

 

“Vendor Registration
Rights Agreement” means that certain Registration Rights Agreement, dated as of the date hereof, by and among the Company
and the Vendors party thereto.

 

“Vitruvian
Group” means, collectively, Vitruvian and any of its Affiliates.

 

The following terms shall have the meanings set forth in the
Sections set forth below:

 

	“Board”	has the meaning set forth in Section 2.1(a).
	“Bylaws”	has the meaning set forth in Section 2.1(d).  
	“Certificate of Incorporation”	has the meaning set forth in Section 5.8.  
	“Chief Executive Officer Designee”	has the meaning set forth in Section 2.1(b)(ii).  
	“Common Stock”	has the meaning set forth in the Recitals.
	“Company Opportunity”	has the meaning set forth in Section 2.4.  
	“Company” 	has the meaning set forth in the Preamble.
	“Director”	has the meaning set forth in Section 2.1(b).  
	“Effective Date”	has the meaning set forth in the Recitals.
	“Fund Indemnitors”	has the meaning set forth in Section 5.11(b).
	“Governance Committee”	has the meaning set forth in Section 2.1(d).  
	“Inspired Transaction”	has the meaning set forth in the Recitals.
	“Hydra Sponsor”	has the meaning set forth in the Preamble.
	“Hydra Sponsor Designee” 	has the meaning set forth in Section 2.1(b)(iii).

 

     3

     

    

 

	“Indemnified Liabilities”	has the meaning set forth in Section 5.11(a).
	“Indemnified Parties”	has the meaning set forth in Section 5.11(a).
	“Macquarie Purchase Agreement”	has the meaning set forth in the Recitals.
	“MIHI” 	has the meaning set forth in the Preamble.
	“MIHI/HS Designees” 	has the meaning set forth in Section 2.1(b)(iii).
	“Observer”	has the meaning set forth in Section 2.1(g).  
	“Other Business”	has the meaning set forth in Section 2.4.  
	“Proceeding”	has the meaning set forth in Section 5.11(a).
	“Resigning Directors”	has the meaning set forth in Section 2.1(a).  
	“Share Sale Agreement”	has the meaning set forth in the Recitals.
	“Specified Directors”	has the meaning set forth in Section 5.11(b).
	“Stockholder”	has the meaning set forth in the Preamble.
	“Vendor Stockholders”	has the meaning set forth in the Preamble.
	“Vitruvian”	has the meaning set forth in the Recitals.
	“Vitruvian Designees” 	has the meaning set forth in Section 2.1(b)(i).

 

1.2           Construction

 

Whenever the context requires, (a) the
gender of all words used in this Agreement includes the masculine, feminine, and neuter, (b) words using the singular or plural
number also include the plural or singular number, respectively, and (c) the terms “hereof,” “herein,”
“hereby” and derivative or similar words refer to this Agreement. All references to Articles and Sections refer to
articles and sections of this Agreement, and all references to Exhibits are to exhibits attached hereto, each of which is incorporated
herein for all purposes. The use herein of the words “include” or “including,” shall mean “including
without limitation” (whether or not non-limiting language (such as “without limitation” or “but not limited
to” or words of similar import) is used with reference thereto). The term “or” is not exclusive. The parties
acknowledge that this Agreement has been negotiated by such parties with the benefit of counsel and, accordingly, any principle
of law that provides that any ambiguity in a contract or agreement shall be construed against the party that drafted such contract
or agreement shall be disregarded and is expressly waived by all of the parties hereto. References to agreements and other documents
shall be deemed to include all subsequent amendments and other modifications thereto. References to statutes shall include all
regulations promulgated thereunder and references to statutes or regulations shall be construed as including all statutory and
regulatory provisions consolidating, amending or replacing the statute or regulation. The words “employee” and “employment”
are sometimes used herein to describe the relationship between a Director who is providing service to the Company and its Subsidiaries
and who is receiving a salary and other benefits in exchange for such service, even though such Director may not be deemed an employee
for tax purposes. Unless the context indicates otherwise, when this Agreement refers to “employee” or “employment”,
such reference means the service relationship described in the immediately preceding sentence, and when this Agreement refers to
the termination of employment, such reference means the end of such service relationship.

 

     4

     

    

 

ARTICLE
II.

GOVERNANCE MATTERS

 

2.1           Board
Composition

 

(a)          Resignations.
Concurrently with the consummation of the Inspired Transaction, each member of the Board of Directors of the Company (the
“Board”) who is not identified in Section 2.1(c) below (the “Resigning Directors”)
shall resign from the Board, effective immediately, and immediately upon such resignations, the Board shall fill the resulting
vacancies so that the Board will consist of only the individuals identified in Section 2.1(c) below until such individual’s
earlier resignation, death or removal.

 

(b)          Generally.
Following consummation of the Inspired Transaction, the Board shall initially be comprised of seven (7) directors (each a “Director”
and collectively the “Directors”) designated by the Stockholders as follows:

 

(i)          Three
(3) Directors designated by Vitruvian (on behalf of the Vitruvian Group) (the “Vitruvian
Designees”); provided, that (A) the number of Vitruvian Designees to be designated by Vitruvian shall be reduced
to two (2) Directors at such time as the Vitruvian Group holds less than thirty percent (30%) but at least fifteen percent (15%)
or more of all Shares, (B) the number of Vitruvian Designees to be designated by Vitruvian shall be reduced to one (1) Director
at such time as the Vitruvian Group holds less than fifteen percent (15%) but at least five percent (5%) or more of all Shares,
and (C) Vitruvian shall have no right to designate any Director pursuant to this Section 2.1(b)(i) at such time as the Vitruvian
Group in the aggregate holds less than five percent (5%) of all Shares. At least two out of three Vitruvian Designees, or one out
of two Vitruvian Designees, must satisfy the Independence Qualification; for the avoidance of doubt, if the Vitruvian Group is
only entitled to one Vitruvian Designee, such Vitruvian Designee shall not be required to satisfy the Independence Qualification.

 

(ii)         One
(1) Director who shall be the then-current Chief Executive Officer of the Company (the “Chief Executive Officer Designee”)
for so long as such person is the Chief Executive Officer of the Company.

 

(iii)        One
(1) Director designated by the Hydra Sponsor (on behalf of the Hydra Sponsor Group) (the “Hydra Sponsor Designee”);
provided, that the Hydra Sponsor shall have no right to designate any Director pursuant to this Section 2.1(b)(iii)
at such time as the Hydra Sponsor Group in the aggregate holds less than five percent (5%) of all Shares.

 

     5

     

    

 

(iv)        The
remaining two (2) Directors designated jointly by MIHI and the Hydra Sponsor (the “MIHI/HS Designees”); provided,
that MIHI and the Hydra Sponsor shall have no right to designate the MIHI/HS Designees pursuant to this Section 2.1(b)(iv)
at such time as MIHI and the Hydra Sponsor in the aggregate hold less than five percent (5%) of all Shares. MIHI/HS Designees must
satisfy the Independence Qualification to the extent necessary to ensure that (provided that Vitruvian Designees satisfy the Independence
Qualification to the extent required by Section 2.1(b)(i)) a majority of all Directors satisfy the Independence Qualification.

 

In the event of any increase
in the size of the Board, vacancies so created shall be filled in proportion to the designation rights set forth above (with any
number of directors ending in a fraction of one-half (1/2) or greater being rounded up to the next whole number of directors).

 

(c)          Initial
Directors. The initial Vitruvian Designees pursuant to the provisions of Section 2.1(b)(i) shall be Nicholas Hagen,
Philip Russmeyer and John Vandemore. The initial Chief Executive Officer Designee shall be Luke Alvarez. The initial Hydra Sponsor
Designee pursuant to the provisions of Section 2.1(b)(iii) shall be A. Lorne Weil. The initial MIHI/HS Designees pursuant
to the provisions of Section 2.1(b)(iv) shall be Ira Raphaelson and Roger Withers.

 

(d)          Requirements.
The Company shall, at any annual or special meeting of stockholders of the Company at which Directors are to be elected, subject
to the fulfillment of the requirements set forth in this Section 2.1(d), nominate the Stockholder Designees for election
to the Board and use all commercially reasonable efforts to cause the Stockholder Designees to be elected as Directors of the Board.
Any Stockholder Designee shall be reasonably acceptable to the Board’s Nominating and Corporate Governance Committee (the
“Governance Committee”). The Company shall require that all Directors comply in all respects with applicable
law (including with respect to confidentiality) and the Company’s corporate governance guidelines, code of business conduct
and ethics and confidentiality and trading policies and guidelines as in effect from time to time. Each Stockholder shall notify
the Company of any proposed Stockholder Designee in writing no later than the latest date on which stockholders of the Company
may make nominations to the Board in accordance with the Bylaws of the Company (the “Bylaws”), together with
all information concerning such nominee required to be delivered to the Company by the Bylaws and such other information reasonably
requested by the Company; provided that in each such case, all such information is generally required to be delivered to
the Company by the other outside Directors of the Company.

 

     6

     

    

 

(e)          Removal;
Vacancies. No Director may be removed from the Board (for any reason) except at the written direction of the Stockholder or
Stockholders entitled to designate such Director, which Stockholder will thereupon be entitled to designate an alternative Director
to fill the vacancy; provided, however, that at least 50% of the Directors (excluding the Director subject to potential
removal) may (i) remove a Director for Cause and (ii) remove the Chief Executive Officer Designee at any time when such Person
is no longer serving as the Chief Executive Officer of the Company and elect the then-current Chief Executive Officer of the Company
as the new Chief Executive Officer Designee. A Director may resign at any time, such resignation to be made in writing and to take
effect immediately or on such later date as may be specified therein. In the event of any vacancy in the Board, whether created
by the removal, resignation, death, disability or retirement of a Director or otherwise, the Board shall promptly elect to the
Board a replacement Director designated by the Stockholder or Stockholders entitled to designate such Director in accordance with
Section 2.1(b), subject to the fulfillment of the requirements set forth in Section 2.1(d). If the number of Directors
that a Stockholder has the right to designate to the Board is decreased pursuant to Section 2.1(b), then such Stockholder
shall designate one of more of such Stockholder’s Designees to resign, or be removed, from the Board.

 

(f)          Committee
Membership. Subject to applicable law and the listing standards of the Nasdaq Capital Market (or other United States national
securities exchange on which the Common Stock is listed, if any) and applicable law, the Company will offer the Stockholder Designees
an opportunity to sit on each regular committee of the Board in relative proportion to the number of Stockholder Designees on the
Board. If a Stockholder Designee fails to satisfy the applicable qualifications under law or stock exchange listing standard to
sit on any committee of the Board, then the Board shall offer such Stockholder Designee the opportunity to attend (but not vote)
at the meetings of such committee as an observer.

 

(g)          Observer
Rights. MIHI, for so long as it holds at least five percent (5%) of all Shares, shall be entitled to designate one (1) person
(the “Observer”) to attend, as a non-voting observer, all meetings (including telephonic meetings) of the Board
and any committees thereof; provided, that, if MIHI ceases to hold at least five percent (5%) of all Shares, MIHI shall no longer
have the right to designate an Observer. The Observer shall be obligated to comply with any confidentiality provisions generally
applicable to Directors from time to time. The Company shall give the Observer notice of such meetings, by telecopy or by such
other means as such notices are delivered to Directors, not later than the same time notice is provided or delivered to the Directors;
provided, that a majority of the Board (or a majority of any committee thereof) may exclude the Observer from any meeting
of the Board (or of such committee) or any portion thereof in the event that a majority of the Board (or of such committee) reasonably
believes that such exclusion is reasonably necessary to preserve the attorney-client privilege, to protect confidential information
or to comply with law. To the fullest extent permitted by applicable law, any materials that are sent to the Directors in their
capacity as such, whether or not in connection with a meeting of the Board, including copies of all minutes, consents, correspondence
and other material, shall be sent to the Observer simultaneously by the Company by means reasonably designed to insure timely receipt
by the Observer; provided, that the Company may exclude from the materials sent to the Observer any materials that the Company
reasonably believes are or may be subject to the attorney-client privilege or to protect confidential information. So long as MIHI
is entitled to designate an Observer, MIHI shall be entitled to remove or replace an existing Observer or designate a new Observer,
as applicable, with or without cause at any time by sending a written notice to the Company. MIHI may also elect to leave its Observer
position vacant and decline its right to receive a copy of all such materials and information for so long as it shall so specify
in writing to the Company. Except as is reasonably necessary to preserve the attorney-client privilege, to protect confidential
information or to comply with law, the Observer shall have the right to share all materials and information received by the Observer
with the MIHI Group, subject to the same confidentiality provisions generally applicable to Directors from time to time.

 

     7

     

    

 

2.2           Quorum;
Vote Required.

 

(a)          Quorum.
The presence of a majority of the Directors (with at least one (1) Director designated by Vitruvian and one (1) Director designated
jointly by MIHI and the Hydra Sponsor present, for so long as Vitruvian or MIHI and the Hydra Sponsor jointly (as the case may
be) have the right to designate one (1) or more Directors in accordance with Section 2.1(b)) shall be necessary and sufficient
to constitute a quorum for the transaction of business at any meeting of the Board. If there is less than a quorum at any meeting
of the Board, such Directors present at the meeting shall adjourn the meeting from time to time and shall cause notice of such
adjournment to be delivered to all of the Directors who were absent from the adjourned meeting.

 

(b)          Voting.
On all matters requiring the vote or action of the Board, each Director shall be entitled to one (1) vote and, except as otherwise
contemplated hereby, all actions undertaken by the Board must be authorized (i) at any Board meeting at which a quorum is
present, by the affirmative vote of not less than a majority of the members present at such meeting or (ii) by unanimous
written consent.

 

(c)          Compensation
of Board Members, etc. Each Director shall be entitled to reimbursement from the Company for his or her reasonable out-of-pocket
expenses (including travel, lodging and other related expenses) incurred by such Director in attending any meeting of the Board
(or committee thereof). Reimbursement of such expenses shall be made by the Company in accordance with and in compliance with
the Company’s expense reimbursement policies. For so long as the Company maintains directors and officers liability insurance,
the Company shall include each Stockholder Designee as an “insured” for all purposes under such insurance policy for
so long as such Stockholder Designee is a Director of the Company and for the same period as for other former Directors of the
Company when such Stockholder Designee ceases to be a Director of the Company.

 

2.3           Voting
Agreement as to Certain Matters. Each Stockholder agrees, in person or by proxy, to cause all of its shares of Company capital
stock that are entitled to vote, whether now owned or hereafter acquired, to be voted so as to cause to be elected to the Board
those individuals designated in accordance with Section 2.1 and to otherwise effect the intent of this Agreement.

 

     8

     

    

 

2.4           Other
Business Activities. The parties hereto, including the Company, expressly acknowledge and agree that: (i) the members of the
Vitruvian Group are permitted to have, and may presently or in the future have, investments or other business or strategic relationships,
ventures, agreements or other arrangements with entities other than the Company or any Subsidiary of the Company that are engaged
in the business of the Company or any Subsidiary of the Company, or that are or may be competitive with the Company or any Subsidiary
of the Company (any such other investment or relationship, an “Other Business”); (ii) none of the members of
the Vitruvian Group will be prohibited by virtue of Vitruvian’s investment in the Company from pursuing and engaging in any
Other Business; (iii) the members of the Vitruvian Group will not be obligated to inform the Company or any other Stockholder of
any opportunity, relationship or investment in any Other Business (a “Company Opportunity”) or to present any
Company Opportunity to the Company, and the Company hereby renounces any interest in any Company Opportunity and any expectancy
that a Company Opportunity will be offered to it; and (iv) no other Stockholder will acquire, be provided with an option or opportunity
to acquire, or be entitled to any interest or participation in any Other Business as a result of the participation therein of any
of the members of the Vitruvian Group. The parties hereto expressly authorize and consent to the involvement of the members of
the Vitruvian Group in any Other Business; provided, that any transactions between the Company and/or the Company’s
Subsidiaries and an Other Business will be on terms no less favorable to the Company and/or the Subsidiaries of the Company than
would be obtainable in a comparable arm's-length transaction, and provided, further, that no Vitruvian Designee may
serve on the board of directors or other governing body or committee of any such Other Business without the prior approval of the
Board of the Company (excluding any Vitruvian Designee), such approval not to be unreasonably withheld. The parties hereto expressly
waive, to the fullest extent permitted by applicable law, any rights to assert any claim that such involvement breaches any fiduciary
or other duty or obligation owed to the Company or any Stockholder or to assert that such involvement constitutes a conflict of
interest by such Persons with respect to the Company any Stockholder.

 

2.5           Access
Rights. From and after the date hereof and for so long as the Vitruvian Group owns at least five percent (5%) of all Shares,
the Company will permit Vitruvian to visit and inspect any of the properties of the Company and its subsidiaries, to examine all
its books of account, records, reports and other papers, and to discuss its affairs, finances and accounts with its officers, directors,
key employees and independent public accountants or any of them, all at such reasonable times and as often as may be reasonably
requested, subject to reasonable confidentiality restrictions.

 

ARTICLE
III.

TRANSFERS

 

3.1           Transfer
Restrictions. Each Stockholder undertakes, to each other Stockholder and to the Company,
that for a period of one hundred and eighty (180) days after the Effective Date it shall not at any time Transfer any or all of
its Shares to any Person, except to a Permitted Transferee of such Stockholder.

 

ARTICLE
IV.

REPRESENTATIONS AND WARRANTIES; OTHER OBLIGATIONS OF THE STOCKHOLDERS

 

4.1           Representations,
Warranties and Covenants of the Stockholders. Each Stockholder hereby represents warrants and covenants to each other Stockholder
and to the Company as follows as of the Effective Date:

 

(a)          Such
Stockholder understands that its rights to Transfer all or any portion of its Shares is restricted by the terms and provisions
of this Agreement.

 

(b)          Such
Stockholder has full power and authority to enter into this Agreement and to perform its obligations hereunder.

 

     9

     

    

 

(c)          Except
for a change of law over which such Stockholder has no control, the foregoing representations, warranties and covenants shall
remain true and accurate during the term of this Agreement, and such Stockholder shall not take any action nor permit any action
to be taken which would cause any of the foregoing representations or warranties to become untrue or inaccurate.

 

ARTICLE
V.

GENERAL/MISCELLANEOUS PROVISIONS

 

5.1           Notices.
All notices, consents, waivers and other communications hereunder must be in writing and either (i) delivered personally, (ii)
sent by facsimile transmission (with written confirmation of a successful transmission), (iii) mailed by prepaid first class registered
or certified mail, return receipt requested, (iv) delivered by a nationally recognized prepaid overnight courier service (receipt
requested) or (v) sent by electronic mail, in each case to either the appropriate addresses or facsimile numbers set forth below
or to the address given for a Stockholder on Exhibit A. Any notice, request or consent to the Company or the Board must
be given to the Board or, if appointed, the secretary of the Company at the Company’s chief executive offices.

 

If to the Company:

 

Hydra Industries Acquisition Corp.

250 West 57th Street, Suite 2223

New York, NY 10107

Attention: Secretary

Email: marty@hydramgmt.com

 

All such notices, consents, waivers and
other communications will (i) if delivered personally in the manner and to the address provided in this section or as set forth
on Exhibit A, be deemed given upon delivery, (ii) if delivered by facsimile transmission in the manner and to the facsimile
number provided in this section or as set forth on Exhibit A, be deemed given on the earlier of receipt or the first Business
Day after transmission, (iii) if delivered by mail in the manner and to the address provided in this section or as set forth on
Exhibit A, be deemed given on the earlier of the fourth Business Day following mailing or upon receipt, and (iv) if delivered
by overnight courier in the manner and to the address provided in this section or as set forth on Exhibit A, be deemed given
on the earlier of receipt or the first Business Day following the date sent by such overnight courier.

 

5.2           Entire
Agreement. This Agreement and the Transaction Agreements constitute the entire agreement among the Stockholders relating to
matters contemplated hereby, and supersede all prior Contracts with respect to the matters contemplated hereby and thereby.

 

5.3           Effect
of Waiver or Consent. A waiver or consent, express or implied, of or to any breach or default by any Person in the performance
by that Person of its obligations hereunder or with respect to the Company is not a consent or waiver to or of any other breach
or default in the performance by that Person of the same or any other obligations of that Person hereunder or with respect to
the Company. Failure on the part of a Person to complain of any act of any Person or to declare any Person in default hereunder
or with respect to the Company, irrespective of how long that failure continues, does not constitute a waiver by that Person of
its rights with respect to that default until the applicable statute-of-limitations period has run.

 

     10

     

    

 

5.4           Amendment
or Modification. This Agreement may be amended, modified or supplemented, and any provision hereof may be waived, from time
to time only if approved by all of the Stockholders and the Company.

 

5.5           Binding
Effect. Subject to the restrictions on Transfers set forth in this Agreement, this Agreement is binding on and shall inure
to the benefit of the Stockholders and their respective successors and permitted assigns. The terms and provisions of this Agreement
are intended solely for the benefit of each Party hereto and their respective successors or permitted assigns and it is not the
intention of the Parties to confer third-party beneficiary rights upon any other.

 

5.6           Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under applicable law
or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other
jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein.

 

5.7           Governing
Law. This Agreement shall be construed in accordance with and governed by the internal laws of the State of Delaware, without
regard to the principles of conflicts of law (whether of the State of Delaware or otherwise) that would result in the application
of the laws of any other jurisdiction. In the event of a direct conflict between the provisions of this Agreement and any provision
of the certificate of incorporation of the Company (the “Certificate of Incorporation”) or any mandatory provision
of the Delaware General Corporation Law, the applicable provision of the Certificate of Incorporation or the Delaware General
Corporation Law shall control. In the event of a conflict between the provisions of this Agreement and any provision of the Bylaws
of the Company, the provisions of this Agreement shall control except to the extent, if any, prohibited by applicable law. Each
of the parties covenants and agrees to vote their shares of the Company’s capital stock and to take any other action reasonably
requested by the Company or any Stockholder to amend the Company’s Bylaws so as to avoid any conflict with the provisions
hereof.

 

5.8           Consent
to Jurisdiction and Service of Process. EACH PARTY TO THIS AGREEMENT HEREBY CONSENTS TO THE JURISDICTION OF ANY UNITED STATES
DISTRICT COURT OR DELAWARE STATE CHANCERY COURT LOCATED IN WILMINGTON, DELAWARE AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER SUCH ACTIONS OR PROCEEDINGS ARE
BASED IN STATUTE, TORT, CONTRACT OR OTHERWISE), SHALL BE LITIGATED IN SUCH COURTS. EACH PARTY (A) CONSENTS TO SUBMIT ITSELF
TO THE PERSONAL JURISDICTION OF SUCH COURTS FOR SUCH ACTIONS OR PROCEEDINGS, (B) AGREES THAT IT WILL NOT ATTEMPT TO DENY
OR DEFEAT SUCH PERSONAL JURISDICTION BY MOTION OR OTHER REQUEST FOR LEAVE FROM ANY SUCH COURT, AND (C) AGREES THAT IT WILL
NOT BRING ANY SUCH ACTION OR PROCEEDING IN ANY COURT OTHER THAN SUCH COURTS. EACH PARTY ACCEPTS FOR ITSELF AND IN CONNECTION WITH
ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE AND IRREVOCABLE JURISDICTION AND VENUE OF THE AFORESAID COURTS AND
WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY NON-APPEALABLE JUDGMENT RENDERED THEREBY
IN CONNECTION WITH SUCH ACTIONS OR PROCEEDINGS. A COPY OF ANY SERVICE OF PROCESS SERVED UPON THE PARTIES SHALL BE MAILED BY REGISTERED
MAIL TO THE RESPECTIVE PARTY EXCEPT THAT, UNLESS OTHERWISE PROVIDED BY APPLICABLE LAW, ANY FAILURE TO MAIL SUCH COPY SHALL NOT
AFFECT THE VALIDITY OF SERVICE OF PROCESS. IF ANY AGENT APPOINTED BY A PARTY REFUSES TO ACCEPT SERVICE, EACH PARTY AGREES THAT
SERVICE UPON THE APPROPRIATE PARTY BY REGISTERED MAIL SHALL CONSTITUTE SUFFICIENT SERVICE. NOTHING HEREIN SHALL AFFECT THE RIGHT
OF A PARTY TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

     11

     

    

 

5.9           Waiver
of Jury Trial. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES TO THIS AGREEMENT HEREBY WAIVES ITS
RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY DEALINGS
BETWEEN OR AMONG THEM RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT AND THE RELATIONSHIP THAT IS BEING ESTABLISHED. EACH PARTY
ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF ANY OF THE OTHER PARTIES.
THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE
TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW
AND STATUTORY CLAIMS. EACH PARTY ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP,
THAT EACH HAS ALREADY RELIED ON THE WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THE WAIVER IN
THEIR RELATED FUTURE DEALINGS. EACH PARTY FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL,
AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THE WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS,
RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE TRANSACTIONS
CONTEMPLATED HEREBY. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

     12

     

    

 

[5.10         Indemnification.

 

(a)          To
the fullest extent permitted by applicable law, the Company shall and does hereby agree to indemnify and hold harmless each Stockholder
and each of their respective partners, stockholders, members, directors, officers, fiduciaries, managers, controlling Persons,
employees and agents of each of the partners, stockholders, members, directors, officers fiduciaries, managers, controlling Persons,
employees and agents of each of the foregoing (collectively, the “Indemnified Parties”) from and against any
and all actions, causes of action, suits, claims, liabilities, losses, damages and costs and other out-of-pocket expenses in connection
therewith (including reasonable attorneys’ fees and expenses) incurred by the Indemnified Parties or any of them before or
after the date of this Agreement (collectively, the “Indemnified Liabilities”), arising out of any actual or
threatened action, cause of action, suit, or claim arising directly or indirectly out of such Stockholder’s or its other
Indemnified Party’s actual, alleged or deemed control or ability to influence the Company or any of its Subsidiaries by reason
of such Stockholder’s designation of Stockholder Designee(s) pursuant to this Agreement, or the actual or alleged act or
omission of any Stockholders’ Designee(s) (other than any such Indemnified Liabilities that arise out of any breach of this
Agreement by such Indemnified Party or other related Persons); provided that if and to the extent that the foregoing undertaking
may be unavailable or unenforceable for any reason, the Company hereby agrees to make the maximum contribution to the payment and
satisfaction of each of the Indemnified Liabilities which is permissible under applicable law. To the extent not prohibited by
applicable law, the Company shall pay the expenses (including reasonable attorneys’ fees) incurred by an Indemnified Party
in defending any action, suit or proceeding, whether civil, criminal, administrative or investigative (a “Proceeding”),
in advance of its final disposition; provided, however, that, to the extent required by applicable law, such payment
of expenses in advance of the final disposition of the Proceeding shall be made only upon receipt of an undertaking by the Indemnified
Party to repay all amounts advanced if it should be ultimately determined that the Indemnified Party is not entitled to be indemnified
under this Section 5.10(a) or otherwise. The rights of any Indemnified Party to indemnification hereunder will be in addition
to any other rights any such Person may have under any other agreement or instruction to which such Indemnified Party is or becomes
a party or is or otherwise becomes a beneficiary or under Law or regulation or under the Certificate of Incorporation or Bylaws
or any of its Subsidiaries and shall extend to such Indemnified Party’s successors and assigns. Each of the Indemnified Parties
shall be a third party beneficiary of the rights conferred to such Indemnified Party in this Section 5.10(a).

 

(b)          The
Company hereby acknowledges that some of its Directors (the “Specified Directors”) may have certain rights to
indemnification, advancement of expenses and insurance provided by other entities and/or organizations (collectively, the “Fund
Indemnitors”). The Company hereby agrees and acknowledges (i) that it is the indemnitor of first resort with respect
to the Specified Directors (i.e., its obligations to the Specified Directors are primary and any obligation of the Fund Indemnitors
to advance expenses or to provide indemnification for the same expenses or liabilities incurred by the Specified Directors are
secondary), (ii) that it shall be required to advance the full amount of expenses incurred by the Specified Directors and shall
be liable for the full amount of all expenses, judgments, penalties, fines and amounts paid in settlement to the extent not prohibited
by (and not merely to the extent affirmatively permitted by) applicable law and as required by this Agreement or the Certificate
of Incorporation or the Bylaws (or any other agreement between the Company and the Specified Directors), without regard to any
rights the Specified Directors may have against the Fund Indemnitors and (iii) that it irrevocably waives, relinquishes and releases
the Fund Indemnitors from any and all claims against the Fund Indemnitors for contribution, subrogation or any other recovery of
any kind in respect thereof. The Company further agrees and acknowledges that no advancement or payment by the Fund Indemnitors
on behalf of the Specified Directors with respect to any claim for which the Specified Directors have sought indemnification from
the Company shall affect the foregoing and the Fund Indemnitors shall have a right of contribution and/or be subrogated to the
extent of such advancement or payment to all of the rights of recovery of the Specified Directors against the Company.

 

     13

     

    

 

5.11         Counterparts.
This Agreement may be executed in one or more counterpart copies, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies
of this Agreement and of signature pages by electronic transmission shall constitute effective execution and delivery of this
Agreement as to the parties and may be used in lieu of the original Agreement for all purposes. Signatures of the parties transmitted
by facsimile or email shall be deemed to be their original signatures for all purposes.

 

[Remainder of Page Intentionally Left
Blank]

 

     14

     

    

 

IN WITNESS WHEREOF, the Company has executed
this Agreement as of the date first set forth above.

 

	 	HYDRA INDUSTRIES ACQUISITION CORP.
	 	 	 
	 	By:	/s/ Martin E. Schloss
	 	 	Name: Martin E. Schloss
	 	 	Title: Executive Vice President

 

[Stockholders Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the Stockholders have
executed this Agreement as of the date first set forth above.

 

	`	HYDRA INDUSTRIES SPONSOR LLC
	 	 
	 	By:	/s/ A. Lorne Weil
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	MIHI LLC
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	LANDGAME S.à.r.l.
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	ARES CAPITAL EUROPE LIMITED
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 

 

[Stockholders Agreement]

 

    

     

    

 

	 	TRIDENT PRIVATE EQUITY FUND III LP
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT A)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT B)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT SC)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT NS)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 

 

[Stockholders Agreement]

 

    

     

    

 

	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT C)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT D)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT E)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 
	 	 	 
	 	HARWOOD CAPITAL NOMINEES LIMITED (CLIENT ACCOUNT H)
	 	 
	 	By:	/s/
	 	 	Name:
	 	 	Title: 

 

[Stockholders Agreement]

 

    

     

    

 

Annex
A

VENDORS

 

	Vendor Name
	 
	Ares Capital Europe Limited
	Trident Private Equity Fund III L.P.
	Harwood Capital Nominees Limited (Account A)
	Harwood Capital Nominees Limited (Account B)
	Harwood Capital Nominees Limited (Account SC)
	Harwood Capital Nominees Limited (Account NS)
	Harwood Capital Nominees Limited (Account C)
	Harwood Capital Nominees Limited (Account D)
	Harwood Capital Nominees Limited (Account E)
	Harwood Capital Nominees Limited (Account H)

 

     

     

    

 

EXHIBIT
A

STOCKHOLDERS PARTY HERETO

 

As of December 23, 2016

 

	Stockholder	Address	Number of 

Shares
	MIHI LLC	MIHI LLC

125 West 55th Street

New York, NY 10019	3,023,750
	Hydra Industries Sponsor LLC	Hydra Industries Sponsor LLC

250 West 57th Street

Suite 2223

New York, NY 10107	476,308
	Landgame S.à.r.l.	1, rue Hildegard von Bingen, L-1282 Luxembourg	10,048,344
	Ares Capital Europe Limited	First Floor, Pellipar House, 9 Cloak Lane, London EC4R 2RU	565,493
	Trident Private Equity Fund III L.P.	Ground Floor, Ryder Court, 14 Ryder Street, London SW1Y 6QB	882,166
	Harwood Capital Nominees Limited (Account A)	6 Stratton Street, Mayfair, London W1J 8LD	164,411
	Harwood Capital Nominees Limited (Account B)	6 Stratton Street, Mayfair, London W1J 8LD	2,545
	Harwood Capital Nominees Limited (Account SC)	6 Stratton Street, Mayfair, London W1J 8LD	67,859
	Harwood Capital Nominees Limited (Account NS)	6 Stratton Street, Mayfair, London W1J 8LD	16,965
	Harwood Capital Nominees Limited (Account C)	6 Stratton Street, Mayfair, London W1J 8LD	49,514
	Harwood Capital Nominees Limited (Account D)	6 Stratton Street, Mayfair, London W1J 8LD	509
	Harwood Capital Nominees Limited (Account E)	6 Stratton Street, Mayfair, London W1J 8LD	2,545
	Harwood Capital Nominees Limited (Account H)	6 Stratton Street, Mayfair, London W1J 8LD	1,018
	Total 	 	15,301,427

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00265-of-00352.parquet"}]]