Document:

Exhibit 10.18

 

 

AMENDMENT SIX TO SOFTWARE DEVELOPMENT AGREEMENT

 

This
Amendment Six ("Amendment Six") to the Software Development Agreement is made as of this 7th day of September,
2017 (the "Effective Date"), by and between Pala Interactive Canada, Inc. (formerly RealTime Edge Software Inc.)
("PALA") and Club Services, Inc. as successor-in-interest to Centaurus Games, LLC ("CSI")
(collectively referred to as the "Parties").

 

WHEREAS,
the Parties hereto entered into a Software Development Agreement dated as of September 16, 2008 (the "Original Agreement"),
as amended by that certain Amendment One to the Software Development Agreement dated as of September 12, 2011, that certain
Amendment Two to the Software Development Agreement dated as of March 29, 2012, that certain Amendment Three to the Software Development
Agreement dated as of August 28, 2013, that certain Amendment Four to the Software Development Agreement dated as of April 24,
2014, that certain Amendment Five to the Software Development Agreement dated as of December 20, 2016 (collectively, the "Agreement");
 and

 

WHEREAS,
the Parties hereto desire to migrate CSI's subscription game model known as ClubWPT.com to PALA's HTML5 poker code base and extend
the Term of the Agreement.

 

NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

		1.	Capitalized Terms. Capitalized terms used but not
defined herein shall have the meanings set forth in the Agreement. In addition, the following terms will have the following meanings:

 

"HTML5 Code Base"
means the web and downloadable poker subscription product developed by Pala and built with:

 

		(a)	HTMLS poker use interface;

		(b)	Pala Java back office platform and related web services; and

		(c)	MySql database.

 

"Original Product"
means the online gaming software defined as the "Product" in the Agreement.

 

		2.	Term/Upon Termination. Section 8.1 of the Agreement
is hereby deleted in its entirety and replaced with the following:

 

"8.1
This Agreement shall expire three (3) years after the Effective Date of Amendment Five (i.e., on December 20, 2019). Upon
expiration of the Term, CSI may request extension of the Term for an additional one (1) year upon terms mutually agreed by
the Parties by serving written notice to PALA at least ninety (90) days prior to the expiration of the then-existing Term.
Such extension will require mutual agreement of the Parties. Upon expiration or any earlier termination of this Agreement,
upon CSI's election, PALA shall deliver or cause to be delivered to CSI the Source Code and Additional Codes for the Original
Product as described in Section 6 of the Agreement, as well as the HTMLS ClubWPT Source Code (as defined below). For greater
certainty, it is confirmed that neither the source code for the HTMLS Code Base nor the HTMLS ClubWPT Source Code are
required to be deposited in escrow pursuant to Section 6 of the Original Agreement, and the HTMLS Code Base will not be
delivered or caused to be delivered to CSI upon expiration or any earlier termination of the Agreement."

 

 

 

 

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		3.	HTMLS Development and Migration.

 

		(a)	Pursuant to Section 2.3 of the Agreement,
and subject to the following provisions of this section, the Parties acknowledge and agree that PALA shall develop source code
for the HTMLS poker table user interface for ClubWPT.com ("HTMLS ClubWPT Source Code") and thereafter migrate
CSl's ClubWPT.com game model to PALA's HTMLS Code Base (the "HTMLS Migration"). It is
understood and agreed that PALA owns the HTMLS Code Base and all intellectual property rights therein and all rights to any modifications,
improvements, upgrades, enhancements or other changes thereto, and CSI will own the HTMLS ClubWPT Source Code and all intellectual
property rights therein and all rights to any modifications, improvements, upgrades, enhancements or other changes thereto. During
the Term of the Agreement, PALA will license to CSI, on a non-exclusive, non-sublicenseable, non-transferrable (subject to Section
11.7 of the Original Agreement), royalty-free basis, the right to use the HTMLS Code Base to operate the ClubWPT.com game model.
PALA shall use commercially reasonable efforts to complete the HTMLS Migration by October 16, 2017.

 

		(b)	From and after completion of the HTMLS Migration, it is understood and
agreed that Section 2.2 of the Agreement (which, for greater certainty, was amended by Amendment Five described above) will apply
and will be deemed to apply to Maintenance and Reporting Support with respect to the HTMLS Code Base instead of the Original Product,
and CSI shall pay PALA a Monthly Fee totaling Six Thousand Six Hundred Sixty Six U.S. Dollars and Sixty Seven Cents ($6,666.67
USO) per month, payable as outlined by Section 2.2 of the Agreement.

 

		(c)	Upon completion of the HTMLS Migration, the second sentence of Section 2.2 of the Agreement will be
deleted and be of no further application.

 

		(d)	Pursuant to Section 2.3 of the Agreement, the Parties acknowledge and agree
that CSI shall pay PALA for the development of the HTMLS ClubWPT Source Code in the amount of Thirty Five Thousand U.S. Dollars
($35,000 USD) per month, payable in advance on the first day of each month within thirty (30) days after receipt of an invoice.

 

 

 

 

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		4.	Termination Rights. Sections 8.2 and 8.3 of the
Agreement are hereby deleted in their entirety and replaced with the following:

 

"8.2
Upon expiration or termination of the current Term for any reason, in the event this Agreement is extended thereafter (whether
through extension, amendment, renewal or otherwise) (an "Extended Term"), CSI will have the right, at any time during
such Extended Term, to terminate this Agreement for convenience upon six (6) months written notice to PALA for any reason or no
reason.

 

8.3
During any Extended Term, this Agreement may be terminated for convenience by PALA upon twelve (12) months written notice to CSL"

 

		5.	Counterparts. This Amendment Six may be executed
in one or more counterparts, each of which shall be deemed an original. Facsimile or electronic signatures shall be deemed originals.

 

		6.	No Other Changes. Except as otherwise set forth
herein, no other changes, amendments or modifications are made to the Agreement.

 

 

 

 

IN WITNESS WHEREOF, the
Parties hereto have duly executed this Amendment Six as of the date and year first written above.

 

 

	Pala Interactive Canada, Inc. (“PALA”)	 	Club Services, Inc. (“CSI”)
	 	 	 
	By: /s/ Jim Ryan                        	 	By: /s/ Adam Pliska                  
	Name: Jim Ryan	 	Name: Adam Pliska
	Its: President & CEO	 	Its: CEO/President

 

 

 

 

    	 	3Exhibit 10.19

 

JOINT CONTENT LICENSE AGREEMENT

 

This JOINT CONTENT LICENSE AGREEMENT (the
“Agreement”), dated February 1, 2018 (the “Effective Date”), is made by and between WPT Enterprises,
Inc., a Delaware corporation, with offices located at 1920 Main Street, Suite 1150, Irvine, CA 92614 (“WPT”),
and ZYNGA INC., a Delaware corporation with offices located at 699 8th Street, San Francisco CA, 94103 (“Zynga US”)
and ZYNGA GAME IRELAND LIMITED, a limited company organized under the laws of Ireland, resident in Ireland and having its registered
office located at The Oval, Building One, Third Floor 160 Shelbourne Road Ballsbridge 4 Co. Dublin Ireland (“Zynga Ireland,”
and together with Zynga US and their respective Affiliates, “Zynga”).

 

In addition to the Definitions set forth
in Section 1 of the Additional Provisions (attached and incorporated by reference), all capitalized terms used herein shall have
the meanings set forth below.

 

In consideration of the mutual promises
herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

 

BASIC PROVISIONS

 

	1.	Joint Content License Relationship. Among other games, Zynga produces and distributes the ZYNGA POKER® game on a
number of global platforms, including Apple iOS, Google Android, Facebook and the zynga.com website. The ZYNGA POKER® game
features a Zynga Poker Tournaments Mode that Zynga can customize. Among other things, WPT is the creator of the World Poker Tour,
WPT Tournaments and the WPT Invitational Tournaments. WPT Tournaments and WPT Invitational Tournaments are televised poker tournaments
where a partner can promote its brand. The parties desire to work cooperatively, but independently, to use commercially reasonable
efforts to engage in the marketing and promotional activities described in Exhibit A, including, but not limited to Zynga promoting
the WPT brand in a WPT-branded Zynga Poker Tournament Mode, and WPT promoting the Zynga brand in WPT Tournaments and WPT Invitational
Tournaments. This Agreement describes the terms of a content license and cooperative marketing relationship under which each party
will independently or cooperatively engage in mutually agreed activities to promote each other’s products and services throughout
the Territory (as defined below).

 

	2.	Territory. The Territory for this Agreement is worldwide, but not including Asian countries (including, but not limited
to, Bangladesh, Bhutan, Brunei, Cambodia, East Timor, Hong Kong, India, Indonesia, Japan, Laos, Macau, Malaysia, Maldives, Mongolia,
Myanmar, Nepal, North Korea, Pakistan, People’s Republic of China, Philippines, Singapore, South Korea, Sri Lanka, Taiwan,
Thailand, Vietnam). The parties acknowledge and agree that the rights granted hereunder by Zynga (a) with respect to the United
States are granted to, held and exercised by Zynga US and (b) with respect to all other parts of the Territory are granted to,
held and exercised by Zynga Ireland.

 

 

 

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	3.	Term. This Agreement will be in effect for three (3) years from the Effective Date (“Initial Term”)
unless terminated earlier in accordance with this Agreement. This Agreement shall automatically extend for an additional two (2)
years on the same terms herein (“Renewal Term”) provided WPT receives payments greater than twelve million U.S.
dollars ($12,000,000) within the Initial Term. The Initial Term and any such Renewal Term are collectively referred to as the “Term.”

 

	4.	Annual Minimum Guarantee. Zynga will pay WPT three million U.S. dollars ($3,000,000) per year according to the following
schedule (which the parties may alter upon mutual agreement) (the “Annual Minimum Guarantee”):

 

		a.	Within
thirty (30) days of executing this Agreement: $1.5M

		b.	July
1, 2018: $1.5M

		c.	January
1, 2019: $1.5M

		d.	July
1, 2019: $1.5M

		e.	January
1, 2020: $1.5M

		f.	July
1, 2020: $1.5M

 

	5.	Royalty. Zynga will pay to WPT ten percent (10%) of the cumulative Net Revenue (as defined in Section 3.b. of the Additional
Provisions) (“Royalty”) from the WPT-branded Zynga Poker Tournament Mode or other such use of the WPT brand
on the Zynga platform. Zynga shall not be required to pay the Royalty to the extent offset by the Annual Minimum Guarantee payments
previously paid to WPT during the Term. Conversely, Zynga shall not be required to make Annual Minimum Guarantee payments to the
extent offset by the Royalty previously paid to WPT during the Term.

 

The Additional Provisions and any attached Exhibits are incorporated
by reference.

 

 

Signature page to follow.

 

 

 

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IN WITNESS WHEREOF

 

	
        ZYNGA INC.

         

        Signature: ______________________

         

        Name: _________________________

         

        Title: __________________________
	
        WPT ENTERPRISES, INC.

         

        Signature: _________________________

         

        Name: ____________________________

         

        Title: _____________________________

	
         

         

        ZYNGA GAME IRELAND LIMITED

         

        Signature: ______________________

         

        Name: _________________________

         

        Title: __________________________
	 

 

 

 

 

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ADDITIONAL PROVISIONS

 

The following Additional Provisions form part of the Agreement
dated February 1, 2018 entered into by and between ZYNGA INC. and ZYNGA GAME IRELAND LIMITED and their respective affiliates (“Zynga”),
and WPT Enterprises, Inc. (“WPT”).

 

		1.	DEFINITIONS

		a.	“Affiliate” means an entity, directly or indirectly, controlled by, controlling of, or under common control
with a party, either now or in the future, and their respective successors and assigns.

		b.	“Artwork” means, without limitation, all pictorial, graphic, visual, audio, audio-visual, digital, literary,
animated, artistic, dramatic, sculptural, musical or any other type of creation or application, whether finished or not, including,
without limitation, animation, drawings, designs, sketches, images, illustrations, film, video, electronic, digitized or computerized
information, software, object code, source code, on-line elements, music, text, dialogue, stories, visuals, effects, scripts, voiceovers,
logos, one-sheets, promotional pieces, packaging, display materials, printed materials, photographs, interstitials, notes, shot
logs, character profiles and translations.

		c.	“Agreement” means the Basic Provisions, these Additional Provisions, and any and all attached Exhibits.

		d.	“Licensed Property” means those specific trademarks, service marks, publicity rights, copyrights, intellectual
property rights, and any other items set forth in this Agreement, which the parties may utilize in connection with the marketing
and promotional activities in Exhibit A. A list of the Licensed Property for each party is described in Exhibit B.

		e.	“Annual Minimum Guarantee” means the guaranteed minimum amount due to WPT by Zynga in consideration of the
rights granted herein, which amount may be recoupable from Royalties as set forth below and in the Basic Provisions.

		f.	“Royalty” means the amount(s) set forth in the Basic Provisions and calculated as described in the Additional
Provisions.

		g.	“Term” means the term of this Agreement as set forth in the Basic Provisions.

		h.	“Territory” means the territory throughout which the parties are authorized to engage in the marketing and
promotional activities as described in Exhibit A and in the Basic Provisions.

 

		2.	TRADEMARKS, APPROVALS, AND RESERVATION OF RIGHTS

		a.	Materials. To the extent indicated on Exhibit A, each party will provide the other party with electronic files containing
the Licensed Property of such party to be used under this Agreement, as specified in Exhibit B, if any.

		b.	License by Zynga. Subject to the terms and conditions of this Agreement, Zynga grants to WPT a non-exclusive, non-assignable,
non-sublicensable, royalty-free, paid up, limited worldwide license to use and display Zynga’s Licensed Property solely as
necessary to perform WPT’s obligations under this Agreement and as specifically described on Exhibit A, in any and all media
now known or hereafter devised, for the Term (subject to Section 7.e. of Additional Provisions).

		c.	License by WPT. Subject to the terms and conditions of this Agreement, WPT grants to Zynga a non-exclusive, non-assignable,
non-sublicensable, royalty-free, paid up, limited license in the Territory to use and display WPT’s Licensed Property solely
as necessary to perform Zynga’s obligations under this Agreement and as specifically described on Exhibit A, for the Term.

		d.	Trademark Guidelines. In its use of the Licensed Property of the other party (“Licensee”), each party
(“Licensor”) will comply with any trademark usage guidelines that Licensor may communicate to Licensee from
time to time. Each use of Licensor’s marks by Licensee will be accompanied by the appropriate trademark symbol (either “TM”
or “®”) and a legend specifying that such marks are trademarks of Licensor as specified on Exhibit B, and will
be in accordance with Licensor’s then-current trademark usage policies as provided in writing to Licensee from time to time.
Licensee will provide Licensor with copies of any materials bearing any of Licensor's marks as requested by Licensor from time
to time. If Licensee’s use of any of Licensor’s marks, or if any material bearing such marks, does not comply with
the then-current trademark usage policies provided in writing by Licensor, Licensee will promptly remedy such deficiencies upon
receipt of written notice of such deficiencies from Licensor. Other than the express licenses granted herein with respect to each
Licensor’s marks, nothing herein will grant to Licensee any other right, title or interest in Licensor’s marks. All
goodwill resulting from Licensee’s use of Licensor's marks will inure solely to Licensor. Each party recognizes the great
value of the publicity and good will associated with the Licensed Property and acknowledges that: (a) such good will is exclusively
that of Licensor or Licensee, as applicable; and (b) the Licensed Property have acquired a secondary meaning as trademarks and/or
identifications of Licensor or Licensee, as applicable, in the mind of the purchasing public. Licensee will not, at any time during
or after this Agreement, register, attempt to register, claim any interest in, contest the use of, or otherwise adversely affect
the validity of any of Licensor’s marks (including, without limitation, any act or assistance to any act, which may infringe
or lead to the infringement of any such marks).

 

 

 

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		e.	Approvals. The Licensed Property shall be displayed or used only in such form and in such manner as has been approved
in writing (which may be by email) by Licensor pursuant to this Section 2 and Licensee shall ensure its usage of the Licensed Property
solely as approved. Throughout the Term, including any renewals or extensions (if applicable), Licensee shall comply with reasonable
quality standards, style guides and clear specifications communicated to Licensee and rights of approval of Licensor set forth
in this Section 2 with respect to any and all of its usage of the Licensed Property. Subject to Licensor’s prior written
approval of any applicable Licensed Property (hereinafter the “Approved Content”), all Conforming Content will
be deemed approved by Licensor. “Conforming Content” means any and all elements of the Approved Content which
(i) do not represent deviations in quality, style, look-and-feel or other aspects of use from the Approved Content and (ii) are
consistent with the aesthetic style or tone of the Approved Content. The parties will come to agreement with respect to Exhibit
A as to whether prior written approval is needed in every instance or whether it is not needed after the first instance has been
approved in writing (e.g., given exigencies in television production business, it is reasonable that Zynga would approve the use
of its brand conceptually in elements of an episode but not need to re-approve the use in a similar manner for every episode the
brand is used in; and similarly, given exigencies in the social gaming business, it is reasonable that WPT would approve use of
its brand conceptually in elements of the Zynga platform but not need to re-approve the use in a similar manner for every poker
tournament the brand is used in).

		i.	Licensee
may use textual and/or pictorial matter pertaining to the Licensed Property on such promotional, display and advertising material
as may, in Licensee’s reasonable judgment, promote the awareness, consumption and sale of the Licensed Property. All final
advertising and promotional material using the Licensed Property must be submitted to Licensor for its prior written approval.
All press releases respecting this Agreement or the relationship of the parties herein shall require prior written approval by
the other party.

		ii.	Licensor
will use commercially reasonable efforts to provide approval and/or feedback within five (5) business days after its receipt of
a creative submission, or re-submission, with respect to the Licensed Property or marketing materials; provided that: (a) if Licensor
declines to approve any submission or re-submission, then it shall provide reasonably detailed feedback in order to enable Licensee
to modify the Licensed Property or marketing material accordingly in order to address Licensor’s concerns and obtain Licensor’s
approval, and (b) if Licensor fails to (1) approve or (2) disapprove and provide feedback within such timeframe, then such submission
or re-submission is deemed to have been approved. No approval may be unreasonably withdrawn by Licensor once delivered.

		iii.	Zynga
shall advise WPT to Zynga’s knowledge as to which jurisdictions where it may be illegal to advertise Zynga’s Licensed
Property (if any) given local laws or regulations.
	 	iv.	WPT or its affiliates shall not authorize a Zynga Competitor to commercially exploit the Licensed Property in connection with social poker gaming via a license similar to the license granted herein for the Term. A “Zynga Competitor” means: 1) Aristocrat Technologies Australia Pty Ltd. Or Big Fish Games, Inc.; 2) HUUUGE Inc.; 3) Activision Blizzard, Inc., King.com Ltd. Or King.com (US) LLC; 4) Scientific Games Corporation; 5) Tencent Holdings Limited; and 6) Murka Ltd. The parties agree to work together in good faith to amend the definition of a Zynga Competitor if that meaning for Zynga reasonably changes during the Term.

 

		f.	Reservation of Rights. The parties acknowledge and agree that, except for the rights and licenses expressly granted
by each party to the other party under this Agreement, each party will retain all right, title and interest in and to its products,
services, marks, copyrights or other intellectual property, and all content, information and other materials on its website(s),
and nothing contained in this Agreement will be construed as conferring upon such party, by implication, operation of law or otherwise,
any other license or other right.

 

	3.	PAYMENT

		a.	Annual Minimum Guarantee. Zynga will pay to WPT the Annual Minimum Guarantee as set forth in the Basic Provisions. The
Annual Minimum Guarantee shall be recoupable from such Royalties as are, or have become, paid to WPT. For clarification, the Annual
Minimum Guarantee will operate as an advance payment, such that when accrued Royalties exceed the Annual Minimum Guarantee payments
already paid, then the excess Royalties will be paid by Zynga to WPT.

		b.	Royalty. The Royalties to be paid by Zynga to WPT is the percentage of Net Revenue as set forth in Section 5 of the
Basic Provisions. “Net Revenue(s)” shall be defined as one hundred percent (100%) of gross revenues and all
other receivables of any kind whatsoever received by Zynga or any of Zynga’s affiliates attributable to the use of Paid Currency
or in connection with the sale of Virtual Digital Goods derived from use of the WPT-brand on the Zynga platform, less the following
actual and verifiable “Allowable Deductions”: (i) out-of-pocket, third-party payment processing and currency
system fees, commissions, and platform distribution fees (e.g., Apple, Google or Facebook platform fees); (ii) any governmental
taxes (e.g., VAT, excise or sales or use tax, etc.) arising in connection with related receipts, but excluding any taxes on Licensee’s
net income; and (iii) charge-backs/refunds/cancellations/fraud. “Paid Currency” means virtual currency purchased
using real money. “Virtual Digital Goods” means any virtual, digital representation of any actual or fictional
thing or item within Zynga Poker, which is capable of being made available for distribution, placement, download or other display
by electronic means. Any other deductions must be mutually agreed upon in advance and in writing by the parties.

 

 

 

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		c.	Payment. All amounts payable and due will be made in U.S. dollars. If withholding taxes are required, Zynga may account
for the required amount of such withholding taxes when calculating the Royalty or other payments payable prior to remittance to
WPT. Zynga shall provide WPT with an official receipt or other equivalent documentation issued by the appropriate taxing authority
or other evidence as is reasonably requested by WPT to establish that such taxes have been paid. Zynga shall pay all amounts accruing
under this Agreement for any reporting period to WPT by check or wire transfer to the account specified by WPT in writing, concurrently
with Zynga’s delivery of the applicable report under Section 3(d), provided that payments will only be paid if the amount
owed to WPT for any reporting period is greater than five hundred dollars ($500.00). An amount due of less than five hundred dollars
($500.00) will be accumulated to the next payment and will be included in the amount to be paid to WPT on the next payment date,
again provided that the amount owed to WPT in the subsequent month exceeds five hundred dollars ($500.00). Accumulated amounts
do not accrue any interest.

		d.	Reporting. Zynga will, within thirty (30) days of the end of each calendar quarter, commencing with the first full calendar
quarter following the Effective Date, furnish WPT with complete statements containing the following information with respect to
all Net Revenue from the use of the WPT-brand on the Zynga platform, during the preceding period covered by such statement: the
Territory; the amount due WPT (or the remaining unrecouped Annual Minimum Guarantee balance as applicable); Net Revenue; Royalties
rate; the distribution channels or portals, the platform, the territory(ies), and itemized Allowable Deductions (“Royalty
Statement(s)”). The amount shown to be payable to WPT shall be paid simultaneously with the rendition of the respective
Royalty Statement. The statements and payments remitted hereunder shall be delivered to WPT via email to the following email address:
Deborah.Frazzetta@wpt.com (ATTN: Deborah Frazzetta, VP, Finance.

		e.	Audit Rights. Zynga shall keep full, complete and accurate books of account and records (collectively “records”)
covering all transactions relating to the subject matter of this Agreement in sufficient detail to enable the Royalties payable
hereunder to be determined and verified. Zynga shall permit such records to be examined by authorized representatives of WPT, including
such independent auditors as WPT may designate, during usual business hours, with advance notice, to verify to the extent necessary
the Royalties paid hereunder, and WPT and its representatives shall use reasonable efforts to minimize disruptions to Zynga’s
business. Prompt adjustment shall be made by Zynga to compensate for any errors or omissions disclosed by such examination. If
the adjustment is more than $1,500 in favor, then out-of-pocket costs of such examination shall be borne by Zynga.

		f.	No Other Charges or Expenses. Neither party will be liable to pay the other party any other types of charges or expenses
not agreed to in this Agreement or any related amendment signed by the Parties.

 

		4.	REPRESENTATIONS AND WARRANTIES; LIMITATIONS OF LIABILITY

		a.	Each party represents and warrants to the other as follows: (i) it is duly authorized under applicable law and has the authority
to enter into and perform this Agreement; (ii) this Agreement constitutes a valid and binding obligation of such party enforceable
in accordance with its terms; (iii) the making of this Agreement by such party does not violate any agreement, right or obligation
existing between such party and any third party; (iv) the marketing and promotional activities in Exhibit A shall not infringe
or misappropriate third party rights, including, without limitation, any patent, trade name, trademark, copyright or other intellectual
property or proprietary right and shall not invade or violate any right of privacy, publicity, personal or proprietary right, or
other common law or statutory right, nor defame any person or entity in the United States and European Union (the “Principal
Territories”), and to the knowledge of such party, outside the Principal Territories; provided that such party makes
no representations regarding the Licensed Property or any other materials provided by Licensor as contemplated under this Agreement.

		b.	DISCLAIMER. EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, NEITHER PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY
KIND WITH RESPECT TO THE SUBJECT MATTER HEREOF, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE OR ANY LEVEL OF BUSINESS OR SERVICE THAT MAY RESULT FROM THIS AGREEMENT, OR ANY WARRANTY OR CONDITION
ARISING FROM ANY COURSE OF DEALING, COURSE OF PERFORMANCE OR USAGE IN THE INDUSTRY.

		c.	LIMITATIONS ON LIABILITY/NO INJUNCTIVE RELIEF. EXCEPT IN CASES OF GROSS NEGLIGENCE, WILLFUL MISCONDUCT OR FRAUD, INDEMNIFICATION
CLAIMS UNDER SECTION 5 OR BREACHES OF SECTION 2 (TRADEMARKS), 8 (CONFIDENTIALITY), or
9 (NO AGENCY RELATIONSHIP), IN NO EVENT SHALL EITHER PARTY OR ITS OFFICERS, DIRECTORS, OR EMPLOYEES BE LIABLE TO THE OTHER PARTY
IN CONNECTION WITH THE SUBJECT MATTER HEREOF, FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES OF ANY KIND, LOST PROFITS
OR LOST REVENUE, WHETHER ARISING IN CONTRACT, TORT, NEGLIGENCE, STATUTE, OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY THEREOF.
In no event shall the non-breaching party be entitled to equitable or injunctive relief of any kind.

 

 

 

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		5.	INDEMNIFICATION

		a.	WPT shall indemnify, defend, and hold harmless Zynga and its Affiliates, and the respective directors, officers and employees
of the foregoing (the “Zynga Indemnified Parties”) from and against any and all third party claims, actions, suits,
costs, liabilities, judgments, obligations, losses, penalties, expenses or damages (including, without limitation, reasonable legal
fees and expenses) of whatsoever kind and nature imposed on, incurred by or asserted against any of the Zynga Indemnified Parties
arising out of: (i) any breach or alleged breach by WPT of any representation, warranty or covenant made, by WPT pursuant to this
Agreement; or (ii) WPT’s non-compliance with any applicable federal, state or local laws or with any applicable regulations
in connection with its performance of this Agreement.

		b.	Zynga shall indemnify, defend, and hold harmless WPT and its Affiliates, and the respective directors, officers and employees
of the foregoing (the “WPT Indemnified Parties”) from and against any and all third party claims, actions, suits, costs,
liabilities, judgments, obligations, losses, penalties, expenses or damages (including, without limitation, reasonable legal fees
and expenses) of whatsoever kind and nature imposed on, incurred by or asserted against any of the WPT Indemnified Parties arising
out: (i) any breach or alleged breach by Zynga of any representation, warranty or covenant made by Zynga pursuant to this Agreement;
or (ii) Zynga’s non-compliance with any applicable federal, state or local laws or with any applicable regulations in connection
with its performance of this Agreement.

		c.	In order to seek or receive indemnification hereunder in cases involving third-party claims the party seeking indemnification
(the “Indemnified Party”) must have promptly notified the other (the “Indemnifying Party”) of any claim
or litigation of which the Indemnified Party is aware and to which the indemnification relates; and the Indemnified Party must
reasonably cooperate with Indemnifying Party in the defense or settlement of such claim or litigation. With regard to any claim
or litigation to which the Indemnifying Party itself is not a party, the Indemnifying Party must have afforded the Indemnified
Party the opportunity to participate in any compromise, settlement, litigation or other resolution or disposition of such claim
or litigation.

 

		6.	TERMINATION

		a.	Each party shall have the right at any time to terminate this Agreement without prejudice to any rights which it may have,
whether pursuant to the provisions of this Agreement or otherwise in law or in equity or otherwise, upon the occurrence of any
one or more of the following events:

		i.	The
other party breaches or fails to perform any of its material obligations provided for in this Agreement;

		ii.	The
other party is unable to pay its debts when due, or makes any assignment for the benefit of creditors, or files any petition under
the bankruptcy or insolvency laws of any jurisdiction, county or place, or has or suffers a receiver or trustee to be appointed
for its business or property, or is adjudicated a bankrupt or an insolvent; or

		iii.	The
other party asserts any rights in or to the terminating party’s intellectual property in violation of this Agreement.

		a.	In
the event that any of these events of default should occur and a party elects to exercise its right to terminate this Agreement,
such party shall give notice of termination in writing to the other party, which notice shall specify in reasonable detail the
event(s) of default that give rise to such termination. The other party shall have thirty (30) days from the effective date of
such notice in which to correct any such default(s) (except those which are not curable), and failing such correction by the end
of such thirty (30) day cure period, this Agreement shall thereupon immediately terminate.

 

		7.	RIGHTS AND OBLIGATIONS UPON TERMINATION OR EXPIRATION. Upon expiration or termination of this Agreement:

		a.	All rights granted to WPT by Zynga shall immediately revert to Zynga, and WPT shall promptly cease any and all marketing and
promotional activities using Zynga’s Licensed Property.

		b.	All rights granted to Zynga by WPT shall immediately revert to WPT, and Zynga shall promptly cease any and all marketing and
promotional activities using WPT’s Licensed Property.

		c.	Notwithstanding the foregoing, for each end user that previously downloaded a Zynga game that includes WPT’s Licensed
Property, and stored such Zynga game within such end user’s device, WPT grants a license and right to continue to use, activate,
operate, perform, store, use and display that game on the end user’s device in perpetuity at no additional charge; provided,
however, that Zynga shall use best efforts to offer end users updates to its games which no longer include WPT’s Licensed
Property after the Term.

		d.	Notwithstanding any termination of this Agreement, nothing herein will obligate Zynga, any users of a Zynga game that includes
WPT’s Licensed Property or any third party platform or distribution partners to remove from the publicly available content
regarding Zynga services or any user accounts with Zynga, any of the references to user interactions, experience points, achievements,
item purchases or other engagements or metrics in the Zynga game(s) that were generated prior to the expiration or termination
of this Agreement.

 

 

 

    	 	7	 

     

    

 

		e.	Notwithstanding any termination of this Agreement, any Approved Content that includes Zynga’s Licensed Property may remain
in perpetuity in any media in which such Licensed Property was integrated into during the Term (e.g., televised WPT Tournaments
or WPT Invitational Tournaments, social media posts, repurposed integrations for “best of” television programs) or
for historical purposes (e.g., reference on WPT’s website that Zynga-sponsored tour events took place as part of the tour).

		f.	Sections 1, 3-7, and 8-10 of the Additional Provisions shall survive termination or expiration of this Agreement.

 

		8.	CONFIDENTIALITY. The parties acknowledge and agree that the subject matter of this Agreement constitutes “Business
Purpose” and this Agreement and any Exhibits hereunder are “Confidential Information” of the parties
as defined as “Information” in the Non-Disclosure Agreement between the parties dated August 24, 2017, and accordingly
the restrictions relating to confidentiality and use thereof provided in the Non-Disclosure Agreement apply to any party’s
Confidential Information disclosed pursuant to this Agreement. In the event of a conflict between the Non-Disclosure Agreement
and this Agreement, the terms of this Agreement will govern.

 

		9.	INDEPENDENT CONTRACTORS. The parties are independent contractors with respect to each other and nothing herein shall
create any association, partnership, joint venture or agency relationship between them. Neither party shall have the right to obligate
or bind the other party in any manner whatsoever, and nothing herein contained shall give, or is intended to give, any rights of
any kind to any third persons.

 

		10.	MISCELLANEOUS

		a.	Insurance. Each party agrees to carry liability insurance sufficient to cover the risks posed under this Agreement.

		b.	Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original and all
of which shall constitute together but one and the same document.

		c.	Notices. All notices and other communications given hereunder shall be in writing and shall be sent by courier service,
express mail, personal delivery or mail to the respective addresses of the parties set forth above (or at such other address as
such party may designate by notice to the other party). A copy of any notice to WPT shall also be sent to WPT Enterprises, Inc.,
ATTN: Legal, 1920 Main Street, Suite 1150, Irvine, CA 92614. A copy of any notice to Zynga shall also be sent to Office of the
General Counsel, Zynga Inc., 699 8th Street, San Francisco, CA 94103 with a copy to legalnotices@zynga.com.
Notice shall be deemed given as follows: upon delivery if sent by courier service, express mail or personal delivery; and five
(5) days after the date of mailing, postage prepaid, certified or registered mail if sent by mail.

		d.	Entire Agreement. This Agreement contains the full and complete understanding between the parties hereto with respect
to the license granted hereunder and supersedes all prior agreements and understandings, whether written or oral, pertaining thereto.
This Agreement cannot be modified except by a written instrument signed by each party hereto.

		e.	Waiver. No waiver of any term or condition of this Agreement shall be construed as a waiver of any other term or condition
and no waiver of any default under this Agreement shall be construed as a waiver of any other default.

		f.	Force Majeure. In the event that either party is prevented from engaging in the marketing and promotional activities
in Exhibit A manufacturing, distributing or selling the Licensed Property because of any act of God; unavoidable accident; fire,
epidemic; strike, lockout, or other labor dispute; war, riot or civil commotion; act of public enemy; enactment of any rule, law,
order or act of government or governmental instrumentality (whether federal, state, local or foreign); or other cause beyond such
party’s control, and such condition continues for a period of two (2) months or more, either party hereto shall have the
right to terminate this Agreement effective at any time during the continuation of such condition by giving the other party at
least thirty (30) days’ notice to such effect. In such event, all payments made shall become immediately due and payable
and this Agreement shall be automatically terminated.

		g.	Governing Law and Forum. This Agreement will for all purposes be governed by and interpreted in accordance with the
laws of the State of California without giving effect to any conflict of laws principles that require the application of the laws
of a different state. Each of the parties hereto (i) irrevocably agrees that the federal and state courts in the Northern District
of California shall have sole and exclusive jurisdiction over any suit or other proceeding arising out of or based upon this Agreement,
(ii) submits to the venue and jurisdiction of such courts, and (iii) irrevocably consents to personal jurisdiction by such courts.

		h.	Assignment. This Agreement shall bind and inure to the benefit of each party, its successors and assigns. Without the
prior written consent of the other party, neither party shall assign or transfer any of its rights or obligations hereunder, in
whole or in part, to any third party, and any purported assignment without such prior written consent shall be null and void and
of no force and effect; except that notice, but no consent shall be required for such assignment or transfer in connection with
an internal reorganization or sale of the transferring party, including by merger or other business combination, or a sale of substantially
all of the assets of the transferring party. None of either party’s rights hereunder shall devolve by operation of law or
otherwise upon any receiver, liquidator, trustee or other party.

		i.	Severability. In case any one or more of the terms contained in this Agreement shall be invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining terms shall not in any way be affected or impaired thereby.
The parties shall endeavor in good faith negotiations to replace the invalid, illegal or unenforceable terms with valid terms the
economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable terms.

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT A

 

MARKETING AND PROMOTIONAL ACTIVITIES

(the parties mutually agree to provide
additional details and commitments)

 

BY WPT:

WPT shall promote the Zynga brand in the following activities:

		●	Prominent display of the Zynga or Zynga Poker brand in WPT Tournaments and WPT Invitational Tournaments, subject to venue approval,
network approval and inventory space given existing sponsorship deals

 

 

BY ZYNGA:

Zynga shall promote the WPT brand in the following activities:

		●	Creation of a WPT-branded Zynga Poker Tournament Mode playable in the Zynga Poker game or other such use of the WPT brand on
the Zynga platform as Zynga determines

 

 

 

 

 

 

 

 

    	 	9	 

     

    

 

EXHIBIT B

 

LICENSED PROPERTY

(the parties mutually agree to provide
additional details on allowable IP) 

 

WPT MARKS:

		●	WPT®

		●	WORLD POKER TOUR®

 

ZYNGA MARKS:

		●	ZYNGA®

		●	ZYNGA POKER®

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10

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