Document:

Exhibit 4.2

 

THE REGISTERED HOLDER
OF THIS PURCHASE WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE WARRANT EXCEPT
AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR
HYPOTHECATE THIS PURCHASE WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING [●] (THE “EFFECTIVE DATE”)
TO ANYONE OTHER THAN (I) BOUSTEAD SECURITIES, LLC OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING FOR WHICH THIS PURCHASE
WARRANT WAS ISSUED TO THE UNDERWRITER AS CONSIDERATION (THE “OFFERING”), OR (II) AN OFFICER, PARTNER, REGISTERED PERSON
OR AFFILIATE OF BOUSTEAD SECURITIES, LLC.

 

THIS PURCHASE WARRANT
IS NOT EXERCISABLE PRIOR TO [●]. VOID AFTER 5:00 P.M., EASTERN TIME, [●].

 

 

FORM OF COMMON STOCK PURCHASE WARRANT

 

 

For the Purchase of [●] Shares of
Common Stock

of

Esports Technologies, Inc.

 

1.             Purchase
Warrant. THIS CERTIFIES THAT, in consideration of funds duly paid by or on behalf of [●] (“Holder”),
as registered owner of this Purchase Warrant, to Esports Technologies, Inc., a Nevada corporation (the “Company”),
Holder is entitled, at any time or from time to time beginning [●], 2021 (the “Commencement Date”), and
at or before 5:00 p.m., Eastern time, [●], 20261
(the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in
part, up to [●] shares of common stock of the Company, par value $0.001 per share (the “Shares”),
subject to adjustment as provided in Section 6 hereof. If the Expiration Date is a day on which banking institutions are authorized
by law to close, then this Purchase Warrant may be exercised on the next succeeding day which is not such a day in accordance with
the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate
this Purchase Warrant. This Purchase Warrant is initially exercisable at $[●] per Share; provided, however,
that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Warrant, including
the exercise price per Share and the number of Shares to be received upon such exercise, shall be adjusted as therein specified.
The term “Exercise Price” shall mean the initial exercise price or the adjusted exercise price, depending on
the context.

 

2.             Exercise.

 

2.1           Exercise
Form. In order to exercise this Purchase Warrant, the exercise form attached hereto must be duly executed and completed and
delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for the Shares being purchased
payable in cash by wire transfer of immediately available funds to an account designated by the Company or by certified check or
official bank check. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time,
on the Expiration Date, this Purchase Warrant shall become and be void without further force or effect, and all rights represented
hereby shall cease and expire. Each exercise hereof shall be irrevocable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

___________________________________

 

1
[To be five years from the commencement of sales in the offering, or the effective date of the Form S-1 for the offering.]

 

 

 

    	 	1	 

     

    

 

2.2           Cashless
Exercise. In lieu of exercising this Purchase Warrant by payment of cash or check payable to the order of the Company
pursuant to Section 2.1 above, Holder may elect to receive the number of Shares equal to the value of this Purchase Warrant (or
the portion thereof being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached
hereto, in which event the Company will issue to Holder Shares in accordance with the following formula:

 

	X	=	Y(A-B)	 
	A	 
	Where,	 	 	 
	 	X	=	The number of Shares to be issued to Holder;
	 	Y	=	The number of Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Share; and
	 	B	=	The Exercise Price.
	 	 	 	 	 

For purposes of this
Section 2.2, the fair market value of a Share is defined as follows:

 

		(i)	if the Company’s common stock is traded on a national securities exchange, the OTCQB or OTCQX,
the value shall be deemed to be the closing price on such exchange, the OTCQB or OTCQX, as the case may be, on the Business Day
immediately preceding the date that the exercise form is delivered pursuant to Section 8.4 in connection with the exercise of the
Purchase Warrant; or

 

		(ii)	if the Company’s common stock is not then traded on a securities exchange, the OTCQB or OTCQX,
and if prices for the Company’s common stock are then reported on the “Pink Sheets” published by OTC Markets
Group, Inc., the value shall be deemed to be the closing bid prior to the exercise form being submitted in connection with the
exercise of the Purchase Warrant so reported; provided, however, if there is no active public market, the value shall be the fair
market value thereof, as determined in good faith by the Company’s Board of Directors.

 

2.3           Legend.
Each certificate for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities
have been registered under the Securities Act of 1933, as amended (the “Act”):

 

“The securities
represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Act”),
or applicable state law. Neither the securities nor any interest therein may be offered for sale, sold or otherwise transferred
except pursuant to an effective registration statement under the Act, or pursuant to an exemption from registration under the Act
and applicable state law which, in the opinion of counsel to the Company, is available.”

 

 

 

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2.4           Resale
of Shares. Holder and the Company acknowledge that as of the date hereof the Staff of the Division of Corporation Finance of
the SEC has published Compliance & Disclosure Interpretation 528.04 in the Securities Act Rules section thereof, stating that
the holder of securities issued in connection with a public offering may not rely upon Rule 144 promulgated under the Act to establish
an exemption from registration requirements under Section 4(a)(1) under the Act, but may nonetheless apply Rule 144 constructively
for the resale of such shares in the following manner: (a) provided that six months has elapsed since the last sale under the registration
statement, an underwriter or finder may resell the securities in accordance with the provisions of Rule 144(c), (e), and (f), except
for the notice requirement; (b) a purchaser of the shares from an underwriter receives restricted securities unless the sale is
made with an appropriate, current prospectus, or unless the sale is made pursuant to the conditions contained in (a) above; (c)
a purchaser of the shares from an underwriter who receives restricted securities may include the underwriter’s holding period,
provided that the underwriter or finder is not an affiliate of the issuer; and (d) if an underwriter transfers the shares to its
employees, the employees may tack the firm’s holding period for purposes of Rule 144(d), but they must aggregate sales of
the distributed shares with those of other employees, as well as those of the underwriter or finder, for a six-month period from
the date of the transfer to the employees. Holder and the Company also acknowledge that the Staff of the Division of Corporation
Finance of the SEC has advised in various no-action letters that the holding period associated with securities issued without registration
to a service provider commences upon the completion of the services, which the Company agrees and acknowledges shall be the final
closing of the Offering, and that Rule 144(d)(3)(ii) provides that securities acquired from the issuer solely in exchange for other
securities of the same issuer shall be deemed to have been acquired at the same time as the securities surrendered for conversion
(which the Company agrees is the date of the initial issuance of this Purchase Warrant). In the event that following a reasonably-timed
written request by Holder to transfer the Shares in accordance with Compliance & Disclosure Interpretation 528.04 counsel for
the Company in good faith concludes that Compliance & Disclosure Interpretation 528.04 no longer may be relied upon as a result
of changes in applicable laws, regulations, or interpretations of the SEC Division of Corporation Finance, or as a result of judicial
interpretations not known by the Company or its counsel on the date hereof (either, a “Registration Trigger Event”),
then the Company shall promptly, and in any event within five (5) business days following the request, provide written notice to
Holder of such determination. As a condition to giving such notice, the parties shall negotiate in good faith a single demand registration
right pursuant to an agreement in customary form reasonably acceptable to the parties; provided that notwithstanding anything to
the contrary, the obligations of the Company pursuant to this Section 2 shall terminate on the fifth anniversary of the Effective
Date. In the absence of such conclusion by counsel for the Company, the Company shall, upon such a request of Holder given no earlier
than six months after the final closing of the Offering, instruct its transfer agent to permit the transfer of such shares in accordance
with Compliance & Disclosure Interpretation 528.04, provided that Holder has provided such documentation as shall be reasonably
be requested by the Company to establish compliance with the conditions of Compliance & Disclosure Interpretation 528.04. Notwithstanding
anything to the contrary, pursuant to FINRA Rule 5110(g)(8)(B)-(D), the Holder shall not be entitled to more than one demand registration
right hereunder and the duration of the registration rights hereunder shall not exceed five years from the Effective Date.

 

3.             Transfer.

 

3.1           General
Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder
will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days
following the Effective Date to anyone other than: (i) Boustead Securities LLC (“Boustead”) or an underwriter,
placement agent, or a selected dealer participating in the Offering, or (ii) an officer, partner, registered person or affiliate
of Boustead or of any such underwriter, placement agent or selected dealer, in each case in accordance with FINRA Conduct Rule
5110(e)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale,
derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities
hereunder, except as provided for in FINRA Rule 5110(e)(2). After 180 days after the Effective Date, transfers to others may be
made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder
must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Warrant
and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer
this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of
like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable
hereunder or such portion of such number as shall be contemplated by any such assignment.

 

3.2           Restrictions
Imposed by the Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until: (i) if required
by applicable law, the Company has received the opinion of counsel for the Company that the securities may be transferred pursuant
to an exemption from registration under the Act and applicable state securities laws, or (ii) a registration statement or a post-effective
amendment to the Registration Statement relating to the offer and sale of such securities has been filed by the Company and declared
effective by the U.S. Securities and Exchange Commission (the ”Commission”) and compliance with applicable
state securities law has been established.

 

 

 

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4.             Piggyback
Registration Rights.

 

4.1           Grant
of Right. Whenever the Company proposes to register any shares of its common stock under the Act (other than (i) a registration
effected solely to implement an employee benefit plan or a transaction to which Rule 145 of the Act is applicable, or (ii) a registration
statement on Form S-4, S-8 or any successor form thereto or another form not available for registering the Shares issuable upon
exercise of this Purchase Warrant for sale to the public, whether for its own account or for the account of one or more stockholders
of the Company (a “Piggyback Registration”), the Company shall give prompt written notice (in any event no later
than ten (10) Business Days prior to the filing of such registration statement) to the Holder of the Company’s intention
to effect such a registration and, subject to the remaining provisions of this Section 4.1, shall include in such registration
such number of Shares underlying this Purchase Warrant (the “Registrable Securities”) that the Holders have
(within ten (10) Business Days of the respective Holder’s receipt of such notice) requested in writing (including such number)
to be included within such registration. If a Piggyback Registration is an underwritten offering and the managing underwriter advises
the Company that it has determined in good faith that marketing factors require a limit on the number of shares of common stock
to be included in such registration, including all Shares issuable upon exercise of this Purchase Warrant (if the Holder has elected
to include such shares in such Piggyback Registration) and all other shares of common stock proposed to be included in such underwritten
offering, the Company shall include in such registration (i) first, the number of shares of common stock that the Company proposes
to sell and (ii) second, the number of shares of common stock, if any, requested to be included therein by selling stockholders
(including the Holder) allocated pro rata among all such persons on the basis of the number of shares of common stock then owned
by each such person. If any Piggyback Registration is initiated as a primary underwritten offering on behalf of the Company, the
Company shall select the investment banking firm or firms to act as the managing underwriter or underwriters in connection with
such offering. Notwithstanding anything to the contrary, the obligations of the Company pursuant to this Section 4.1 shall terminate
on the earlier of (i) the fifth anniversary of the Effective Date and (ii) the date that Rule 144 would allow the Holder to sell
its Registrable Securities during any ninety (90) day period.

 

4.2           Indemnification.
The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder
and each person, if any, who controls such Holders within the meaning of Section 15 of the Act or Section 20 (a) of the Securities
Exchange Act of 1934, as amended (“Exchange Act”), against all loss, claim, damage, expense or liability (including
all reasonable attorneys’ fees and other out-of-pocket expenses reasonably incurred in investigating, preparing or defending
against any claim whatsoever) to which any of them may become subject under the Act, the Exchange Act or otherwise, arising from
such registration statement but only to the same extent and with the same effect as the provisions pursuant to which the Company
has agreed to indemnify Boustead contained in the Underwriting Agreement between Boustead and the Company, dated as of [●],
2021. The Holder(s) of the Registrable Securities to be sold pursuant to such registration statement, and their successors and
assigns, shall severally, and not jointly, indemnify the Company, against all loss, claim, damage, expense or liability (including
all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against any
claim whatsoever) to which they may become subject under the Act, the Exchange Act or otherwise, arising from information furnished
by or on behalf of such Holders, or their successors or assigns, in writing, for specific inclusion in such registration statement
to the same extent and with the same effect as the provisions contained in the Underwriting Agreement pursuant to which Boustead
has agreed to indemnify the Company.

 

4.3           Exercise
of Purchase Warrants. Nothing contained in this Purchase Warrant shall be construed as requiring the Holder(s) to exercise
their Purchase Warrants prior to or after the initial filing of any registration statement or the effectiveness thereof.

 

4.4           Documents
Delivered to Holders. The Company shall deliver promptly to each Holder participating in the offering requesting the correspondence
and memoranda described below, copies of all correspondence between the Commission and the Company, its counsel or auditors and
all memoranda relating to discussions with the Commission or its staff with respect to the registration statement and permit each
Holder and underwriter to do such investigation, upon reasonable advance notice, with respect to information contained in or omitted
from the registration statement as it deems reasonably necessary to comply with applicable securities laws or rules of FINRA. Such
investigation shall include access to books, records and properties and opportunities to discuss the business of the Company with
its officers and independent auditors, all to such reasonable extent and at such reasonable times, during normal business hours,
as any such Holder shall reasonably request.

 

4.5           Underwriting
Agreement. The Holders shall be parties to any underwriting agreement relating to a Piggyback Registration. Such Holders shall
not be required to make any representations or warranties to or agreements with the Company or the underwriters except as they
may relate to such Holders, their Shares and the amount and nature of their ownership thereof and their intended methods of distribution.

 

 

 

    	 	4	 

     

    

 

4.6           Documents
to be Delivered by Holder(s). Each of the Holder(s) participating in any of the foregoing offerings shall furnish to the Company
a completed and executed questionnaire provided by the Company requesting information customarily sought of selling security holders.

 

4.7           Damages.
Should the Company fail to comply with such provisions, the Holder(s) shall, in addition to any other legal or other relief available
to the Holder(s), be entitled to obtain specific performance or other equitable (including injunctive) relief against the threatened
breach of such provisions or the continuation of any such breach, without the necessity of proving actual damages and without the
necessity of posting bond or other security.

 

5.             New
Purchase Warrants to be Issued.

 

5.1           Partial
Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised or assigned in
whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Warrant for cancellation,
together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer tax
if exercised pursuant to Section 2.1 hereto, the Company shall cause to be delivered to the Holder without charge a new Purchase
Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing the right of the Holder to purchase the number
of Shares purchasable hereunder as to which this Purchase Warrant has not been exercised or assigned.

 

5.2           Lost
Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, determined in the sole discretion of
the Company, the Company shall execute and deliver a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant
executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation
on the part of the Company.

 

6.             Adjustments.

 

6.1           Adjustments
to Exercise Price and Number of Securities. The Exercise Price and the number of Shares underlying the Purchase Warrant shall
be subject to adjustment from time to time as hereinafter set forth:

 

6.1.1        Share
Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding
Shares is increased by a stock dividend payable in Shares or by a split up of Shares or other similar event, then, on the effective
day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding Shares,
and the Exercise Price shall be proportionately decreased.

 

6.1.2        Aggregation
of Shares. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding Shares
is decreased by a consolidation, combination or reclassification of Shares or other similar event, then, on the effective date
thereof, the number of Shares purchasable hereunder shall be decreased in proportion to such decrease in outstanding Shares, and
the Exercise Price shall be proportionately increased.

 

6.1.3        Replacement
of Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding Shares other than
a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects the par value of such Shares, or in the case of any share
reconstruction or amalgamation or consolidation or merger of the Company with or into another corporation (other than a consolidation
or share reconstruction or amalgamation or merger in which the Company is the continuing corporation and that does not result in
any reclassification or reorganization of the outstanding Shares), or in the case of any sale or conveyance to another corporation
or entity of the property of the Company as an entirety or substantially as an entirety in connection with which the Company is
dissolved, the Holder of this Purchase Warrant shall have the right thereafter (until the expiration of the right of exercise of
this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate Exercise Price payable hereunder immediately
prior to such event, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such
reclassification, reorganization, share reconstruction or amalgamation, or consolidation, or upon a dissolution following any such
sale or transfer, by a Holder of the number of Shares of the Company obtainable upon exercise of this Purchase Warrant immediately
prior to such event; and if any reclassification also results in a change in Shares covered by Section 6.1.1 or 6.1.2, then such
adjustment shall be made pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly
apply to successive reclassifications, reorganizations, share reconstructions or amalgamations, or consolidations, sales or other
transfers.

 

 

 

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6.1.4        Changes
in Form of Purchase Warrant. This form of Purchase Warrant need not be changed because of any change pursuant to this Section
6.1, and Purchase Warrants issued after such change may state the same Exercise Price and the same number of Shares as are stated
in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Purchase
Warrants reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the
Commencement Date or the computation thereof.

 

6.2           Substitute
Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation or merger of the
Company with or into, another corporation (other than a consolidation or share reconstruction or amalgamation or merger which does
not result in any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or share
reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the holder
of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of
such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of stock and other securities
and property receivable upon such consolidation or share reconstruction or amalgamation, by a holder of the number of Shares of
the Company for which such Purchase Warrant might have been exercised immediately prior to such consolidation, share reconstruction
or amalgamation or merger, sale or transfer. Such supplemental Purchase Warrant shall provide for adjustments which shall be identical
to the adjustments provided for in this Section 6. The above provision of this Section shall similarly apply to successive consolidations
or share reconstructions or amalgamations or mergers.

 

6.3           Elimination
of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Shares upon the
exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being
the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may
be, to the nearest whole number of Shares or other securities, properties or rights.

 

7.             Reservation.
The Company shall at all times reserve and keep available out of its authorized Shares, solely for the purpose of issuance upon
exercise of the Purchase Warrants, such number of Shares or other securities, properties or rights as shall be issuable upon the
exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase Warrants and payment of the Exercise Price
therefor, in accordance with the terms hereby, all Shares and other securities issuable upon such exercise shall be duly and validly
issued, fully paid and non-assessable and not subject to preemptive rights of any shareholder.

 

8.             Certain
Notice Requirements.

 

8.1           Holder’s
Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or to
receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a shareholder
of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any of the events
described in Section 8.2 shall occur, then, in one or more of said events, the Company shall deliver to each Holder a copy of each
notice relating to such events given to the other shareholders of the Company at the same time and in the same manner that such
notice is given to the shareholders.

 

8.2           Events
Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or more of the following
events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them to receive a dividend
or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings,
as indicated by the accounting treatment of such dividend or distribution on the books of the Company, or (ii) the Company shall
offer to all the holders of its Shares any additional shares of capital stock of the Company or securities convertible into or
exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor.

 

8.3           Notice
of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to
Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall
describe the event causing the change and the method of calculating same.

 

 

 

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8.4           Transmittal
of Notices. All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and shall
be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (i) if to the registered
Holder of the Purchase Warrant, to the address of such Holder as shown on the books of the Company, or (ii) if to the Company,
to following address or to such other address as the Company may designate by notice to the Holders:

 

If to the Holder:

 

Boustead Securities, LLC

6 Venture, Suite 265

Irvine, CA 92618

Attention: Chief Executive Officer

 

with a copy (which shall not constitute notice) to:

 

If to the Company:

 

 

 

Attention: Chief Executive Officer

 

with a copy (which shall not constitute
notice) to:

9.             Miscellaneous.

 

9.1           Amendments.
The Company and Boustead may from time to time supplement or amend this Purchase Warrant without the approval of any of the Holders
in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent with
any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the Company
and Boustead may deem necessary or desirable and that the Company and Boustead deem shall not adversely affect the interest of
the Holders. All other modifications or amendments shall require the written consent of and be signed by (i) the Company and (ii)
the Holder(s) of Purchase Warrants then-exercisable for at least a majority of the Shares then-exercisable pursuant to all then-outstanding
Purchase Warrants.

 

9.2           Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Purchase Warrant.

 

9.3.          Entire
Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection
with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

9.4           Binding
Effect. This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and
their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed
to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant or any provisions
herein contained.

 

 

 

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9.5           Governing
Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and enforced in accordance
with the laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees
that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought and
enforced in the courts located in Los Angeles, California, or in the United States District Court located in Los Angeles, California,
and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such
exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or summons to be served upon the Company may
be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it
at the address set forth in Section 8 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company
in any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled
to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or
incurred in connection with the preparation therefor. The Company (on its behalf and, to the extent permitted by applicable law, on behalf
of its stockholders and affiliates) and the Holder hereby irrevocably waive, to the fullest extent permitted by applicable law, any and
all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

 

9.6           Waiver,
etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall not
be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Warrant or
any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase
Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Warrant shall be
effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver
is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any
other or subsequent breach, non-compliance or non-fulfillment.

 

9.7           Exchange
Agreement. As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at any
time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and Boustead enter into an agreement (“Exchange
Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash
or a combination of both, then Holder shall agree to such exchange and become a party to the Exchange Agreement.

 

[Signature Page Follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the Company has caused
this Purchase Warrant to be signed by its duly authorized officer as of the ________ day of ______, 2021.

 

 

Esports Technologies,
Inc.

 

 

By: _________________________________

Name:

Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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[Form to be used to exercise Purchase
Warrant]

 

 

 

Date: __________, 20___

 

 

 

The undersigned
hereby elects irrevocably to exercise the Purchase Warrant for ______ shares of common stock, par value $0.001 per share (the “Shares”),
of Esports Technologies, Inc., a Nevada corporation (the “Company”), and hereby makes payment of $____ (at the
rate of $____ per Share) in payment of the Exercise Price pursuant thereto. Please issue the Shares as to which this Purchase Warrant
is exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number
of Shares for which this Purchase Warrant has not been exercised.

 

or

 

The undersigned
hereby elects irrevocably to convert its right to purchase ___ Shares of the Company under the Purchase Warrant for ______ Shares,
as determined in accordance with the following formula:

 

	 	X	=	Y(A-B)	 
	A	 
	Where,	 	 	 
	 	X	=	The number of Shares to be issued to Holder;
	 	Y	=	The number of Shares for which the Purchase Warrant is being exercised;
	 	A	=	The fair market value of one Share which is equal to $_____; and
	 	B	=	The Exercise Price which is equal to $______ per share
	 	 	 	 	 	 	 

 

The undersigned
agrees and acknowledges that the calculation set forth above is subject to confirmation by the Company.

 

Please issue
the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a
new Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been converted.

 

 

Signature________________________________________________

 

 

 

Signature Guaranteed
______________________________________

 

 

 

 

 

 

    	 	10	 

     

    

 

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

 

 

Name: ______________________________________

(Print in Block Letters)

 

Address: ___________________________________

 

 

___________________________________

 

 

___________________________________

 

 

 

 

NOTICE: The signature
to this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement or
any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership
on a registered national securities exchange.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

[Form to be used to assign Purchase Warrant]

 

 

ASSIGNMENT

 

(To be executed by the registered Holder
to effect a transfer of the within Purchase Warrant):

 

 

 

FOR VALUE RECEIVED, __________________
does hereby sell, assign and transfer unto the right to purchase shares of Common Stock, par value $0.001 per share, of Esports
Technologies, Inc., a Nevada corporation (the “Company”), evidenced by the Purchase Warrant and does hereby
authorize the Company to transfer such right on the books of the Company.

 

 

 

Dated: __________, 20__

 

 

 

 

Signature ______________________________________________________

 

 

 

Signature Guaranteed_____________________________________________

 

 

 

 

NOTICE: The signature to this form must correspond with the
name as written upon the face of the within Purchase Warrant without alteration or enlargement or any change whatsoever, and must
be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having membership on a registered national
securities exchange.

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	12EXHIBIT 10.12

 

White Label Agreement

 

This White Label Agreement is made by and between

 

	(1)	Splash Technology Limited, incorporated and registered
in [***] with company number [***] whose registered office is at [***] (the “Supplier”); and

 

	(2)	Esports Technologies, Inc., incorporated and registered
in Nevada, USA with company number B202009251100333 whose place of business is at 720 South 7th Street, 3rd Floor, Las Vegas, Nevada 89101
(“EST”).

 

Recitals

 

	(A)	The Supplier has developed a proprietary digital
platform that can be used to provide free-to-play predictor games published in customized native applications.

 

	(B)	The Supplier shall make accessible the Product to
End Users located in the Territories in accordance with the terms of this Agreement.

 

	(C)	EST wishes to take a license of the platform, product
and games for the purposes of creating an EST branded App, to be fully managed by the Supplier.

 

	1.	Definitions

 

	1.1	The words below shall be afforded the following meanings:

 

	 	Agreement	means this White Label Agreement, the preamble and all the appendices, schedules and exhibits that are attached hereto;
	 	 	 
	 	
    Additional Development
	
    any additional development of bespoke functionality to the Product
if agreed to by the parties in writing;

	 	 	 
	 	Additional Development Costs	means the charges for any Additional Development undertaken by the Supplier on either a time and materials basis (as set out in Schedule 2) or on an agreed fixed cost basis as more particularly detailed in the relevant Variation Notice;
	 	 	 
	 	App	shall mean an application which includes the Material which is available for downloading and installing on a mobile and/or tablet device through the App Store and which is branded with the EST Branding;
	 	 	 
	 	App Store	shall mean the digital distribution service and/or platform developed and maintained by Apple or Google where applications for mobile and tablets can be accessed and downloaded and installed by individuals;
	 	 	 
	 	Applicable Law	all applicable laws, directives,
    statutes, regulations and/or codes from time to time in force including without limitation the Data Protection Legislation and for the avoidance of doubt those in the Territories; 

 

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL
IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS [***]

    	 	1	 

     

    

 

	 	EST Group	EST, any/or any member of it’s Group;
	 	 	 
	 	EST IP	all Intellectual Property Rights owned by or licenced to the EST Group from time to time including without limitation the Branding (but excluding the App, the Games, and the Trade Marks);
	 	 	 
	 	EST Brand	means Esportsgames or otherwise agreed by the parties, initially
	 	 	 
	 	Branding	means the EST Group’s content, materials, trademarks (whether registered or unregistered) which includes without limitation the EST Brand, trade names, service marks as well as other information, documentation or resources, and any other deliverables received by the Supplier from EST;
	 	 	 
	 	Business Day	a day other than a Saturday, Sunday or public holiday in England when banks are open for banking business;
	 	 	 
	 	Commencement Date	the date of execution of this Agreement by both parties;
	 	 	 
	 	
    Data
    Protection Legislation
	the General Data Protection Regulation ((EU) 2016/679) and any national implementing laws, regulations and secondary legislation, as amended or updated from time to time, the Privacy and Electronic Communications (EC Directive) Regulations 2003 and all laws and regulations relating to processing of personal data and privacy applicable to the parties;
	 	 	 
	 	Domain Name	Esportsgames.com
	 	 	 
	 	
    End User
	
    

    an individual who is located in
    the Territories, who is aged 18 or greater who downloads and installs the Product onto a mobile or tablet device, who then registers with
    the Product and agrees to the Terms and Conditions;

	 	 	 
	 	End User Data	means the name, address, email address, player ID, telephone numbers, playing history, passwords, and account history IP address of the End User and any other Personal Data (as this term is defined under the Data Protection Legislation) collected from time to time about the End User by the Supplier with respect to the Product;

 

	 	End User Support	means the handling of any requests, questions or complaints made by an End User;
	 	 	 
	 	Fees	as more particular detailed in Schedule 2;
	 	 	 
	 	Games	the free to play quiz predictor and trivia games which are made available to play on the App
	 	 	 
	 	Guidelines	means all documents, information, policies and/or instructions provided by EST to the Supplier;

 

 

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL
IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS [***]

    	 	2	 

     

    

 

	 	Group	means in respect of a party, that party, any subsidiaries or holding companies from time to time to of that party and any subsidiaries from time to time to of a holding company of that party as such expressions are defined in Section 1162 of the Companies Act 2006;

 

	 	Insolvency Event	the occurrence of any of the following events:

	 	 	 	 
	 	 	(a)	 
	 	 	 	the relevant party suspends, or threatens to suspend, payment of its debts or is unable to pay its
debts as they fall due or admits inability to pay its debts, or a liquidator being appointed, or a receiver or manager being appointed
in respect of any of its assets;
	 	 	 	 
	 	 	(b)	a resolution being passed for the winding up of the company of the relevant party;
	 	 	 	 
	 	 	(c)	a judgment being entered against the relevant party requiring the payment of monies and such judgment
    remaining unsatisfied for thirty (30) days;
	 	 	 	 
	 	 	the relevant party commences negotiations with all or any class of its creditors with a view to rescheduling any of its debts, or makes a proposal for or enters into any compromise or arrangement with any of its creditors other than (being a company) for the sole purpose of a scheme for a solvent amalgamation of that party with one or more other companies or the solvent reconstruction of that party; or any event occurs, or proceeding is taken, with respect to the other party, in any jurisdiction to which it is subject, that has an effect equivalent or similar to any of the events specified above in this definition;

 

	 	Intellectual Property Rights	
    shall mean, without limitation,
all intellectual property rights, whether or not patentable, including without limitation, rights in algorithms, binary code, brands,
business methods, business plans, computer programs, computer software, concepts, confidential information, databases, developments,
firmware, composition of matter or materials, certification marks, collective marks, copyright, customer lists, data, designs (whether registered or unregistered), derivative works, discoveries, distributor lists, documents, domain names, file layouts, formulae, goodwill, ideas, improvements, industrial designs, information, innovations, inventions, integrated circuits, know-how, logos, manufacturing information, mask works, materials, methods, moral rights, object code, original works of authorship, patents, patent applications, patent rights, including but not limited to any and all continuations, divisions, reissues, re-examinations or extensions, plans, processes, proprietary technology, reputation, research data, research results, research records, semiconductor chips, service marks, software, source code, specifications, statistical models, supplier lists, systems, techniques, technology, trade secrets, trademarks, trade dress, trade names, trade styles, technical information, utility models, and any rights analogous to the foregoing;

 

	 	Landing Page	shall mean the website located at url esportsgames.com
	 	 	 
	 	Launch Date	shall have the meaning set out in clause 6.1;.

 

	 	Loss	(a) 	any and all claims, liabilities, losses, fines, suits, judgements, damages, costs and/or expenses (including legal expenses) and Losses will be construed accordingly;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	3	 

     

    

 

	 	
    Material
	
    shall mean, except for any EST IP any and all materials of any
nature whether comprising text, images, whether visual or subliminal internal or external, whether a graphics interchange format or joint
photographics export group or portable network graphics, photographs, drawings, plans, sketches, electronically-generated material, sounds,
sound effects, music, logos, trademarks, design rights, background, banners, bookmarks, borders, tables, captions, characters, clip art,
cartoons, computer- generated art, maps, image map links, common gateway interface script, data, domain names, footnotes, headings, hypertext,
video and the combination of any or all such elements, software and information used on the Product;

	 	 	 
	 	Month	a calendar month;
	 	 	 
	 	Monthly Active Users	means in any Month an End User who completes in full and successfully submits at least one completed Game on the Product;
	 	 	 
	 	Monthly Fee	shall have the meaning set out in Schedule 2;
	 	 	 
	 	Personal Data	as defined in the General Data Protection Regulation (EU 2016/679);
	 	 	 
	 	Platform	the Supplier’s Software, infrastructure and cloud computing platform and runtime environment by means of which the Supplier hosts, maintains and runs the Product;
	 	 	 
	 	Prizes	Means any prizes, be they monetary, tangible or virtual, that are awarded or won by end users in the App.
	 	 	 
	 	Product	means the App and/or the Games;
	 	 	 
	 	Product Specification	the detailed technical and commercial requirements of EST in respect of the Product as set out in the Proposal agreed between the parties pursuant to Error! Reference source not found. and/or as further specified under Schedule 1 to this Agreement and such term shall include any later versions agreed pursuant to any Variation Notice;
	 	 	 
	 	Software	means the proprietary software owned by the Supplier by which the Product is made accessible to End Users;
	 	 	 
	 	
    Terms and Conditions
	
    

    shall mean the terms and conditions
    adopted by the Supplier governing and regulating the relationship between the Supplier and each End User with respect to the use of the
    Product which shall include without limitation a Privacy Policy;

	 	 	 
	 	Questions	sets of questions for the following esports; LOL, DOTA2, CS:GO, Overwatch, COD, FIFA, NBA2K, StarCraft, Rocket League, Fortnite, PUBG, Clash Royale and Hearthstone together with such other esports or topics as agreed between the parties from time to time;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	4	 

     

    

 

	 	Privacy Policy	a policy that discloses all of the ways the Supplier gathers, uses, discloses, and manages the End Users data;
	 	 	 
	 	Territories	shall mean Global, unless otherwise specified.
	 	 	 
	 	Third Party Technical Specification	shall mean all manner of dedicated and tailored software programming
    specifications as are needed by third parties including but not limited to an Android Application
    Packaging File (APK) for Google and Software Development Kit (SDK) for Apple to enable the App to function in any App Store;
	 	 	 
	 	Trademarks	any registered or unregistered trademark of the Supplier or any member of its Group; and

 

	1.2	A person includes a corporate or unincorporated body
(whether or not having separate legal personality) and that person’s successors and permitted assigns.

 

	1.3	References to clauses and the Schedules are to the
clauses and the Schedules of this Agreement and references to paragraphs are to paragraphs of the Schedules.

 

	1.4	This Agreement will be binding on, and ensure to the
benefit of, the parties to this Agreement and their respective successors and permitted assigns, and references to any party will include
that party’s successors and permitted assigns.

 

	1.5	A reference to a statute or statutory provision is
a reference to it as amended, extended or re-enacted from time to time.

 

	1.6	A reference to a statute or statutory provision will
include all subordinate legislation made from time to time.

 

	1.7	A reference to writing or written includes email
other than with respect to termination of the Agreement.

 

	1.8	Any obligation on a party not to do something includes
an obligation not to allow that thing to be done.

 

	1.9	Any reference to an English legal term for any action,
remedy, method of judicial proceeding, legal document, legal status, court, official or any legal concept or thing will, in respect of
any jurisdiction other than England and Wales, be deemed to include a reference to that which most nearly approximates the legal term
in the relevant jurisdiction.

 

	1.10	Words importing the singular will include the plural and vice versa.

 

	1.11	The headings in this Agreement are for ease of reference
only and shall not affect its construction.

 

	1.12	Any phrase introduced by the terms "including",
"include", "in particular" or any similar expression shall be construed as illustrative and shall not limit the sense
of the words preceding those terms.

 

	2.	Grant of Licences

 

	2.1	The Supplier hereby grants EST and its Affiliates
an exclusive, non-transferable, non-sub- licensable (unless explicitly agreed by both parties) right as an esports licensee in the Territories
during the term of this Agreement:

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	5	 

     

    

 

		2.1.1	to market and promote the App in any form of media
whether online or offline including without limitation on social media;

 

		2.1.2	to market and promote the Games in any form of media
whether online or offline including without limitation on social media; and/or

 

		2.1.3	to use the Trade Marks in connection with the marketing
and the promotion of the App and/or the Games including without limitation on social media.

 

		2.2	Other than as may be mutually approved in writing
(email consent shall constitute a “writing” EST will not represent itself as an agent of the Supplier for any purpose, nor
pledge the Supplier’s credit or give any condition or warranty or make any representation on the Supplier’s behalf or commit
the Supplier to any contracts.

 

		2.3	The Supplier only grants to EST the licences as specified
in clause 2.1, and does not transfer any other right, title or interest to the App and any Games to EST.

 

		2.4	EST represents, warrants and undertakes, except as
expressly permitted by this Agreement or authorised in writing by the Supplier, that EST will not, nor permit others, directly or indirectly
to:

 

		2.4.1	copy, modify, translate, convert or create derivative
works from the App or any Game, any part of it, or any adaptation, transcription, or merged portion of it except with the prior written
consent of the Supplier;

 

		2.4.2	reverse engineer, disassemble, decompile or in any
other manner decode the App or any Game or any part of it, except to the extent that the foregoing acts are permitted by Applicable Law;
or

 

		2.4.3	remove any copyright, proprietary or similar notices
from the App or any Game or any part thereof (or any copies thereof).

 

		2.5	During the term of this Agreement, EST hereby grants
the Supplier a revocable, non- exclusive, non-transferable license without the right of sublicense, to use the Branding to brand the Product
subject to the Guidelines and clause 2.6.

 

		2.6	the Supplier agrees to use the Branding to brand
the Product, subject to the following terms and conditions;

 

		2.6.1	the Supplier recognizes ownership by the EST Group
of the Branding and shall not at any time do or suffer to be done any act or thing which will in any way impair such proprietary rights
in and to the Branding;

 

		2.6.2	the Supplier shall not acquire, and shall not claim,
any right, title, or interest to the Branding adverse to the EST Group by virtue of the license granted to the Supplier under clause 2.5,
or through the Supplier’s use of the Branding;

 

		2.6.3	all use of the Branding by the Supplier shall at all
times inure to the benefit of the EST Group;

 

		2.6.4	EST shall be entitled to exercise such quality control
over the use of the Branding as is customary in the trade;

 

		2.6.5	the Supplier shall use its reasonable endeavors to assist EST in protecting
the Branding;

 

		2.6.6	the Supplier shall not knowingly do, or cause or
permit anything to be done, which may prejudice or harm or has the potential to prejudice or harm the Branding or the EST Group’s
title to the Branding;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	6	 

     

    

 

		2.6.7	the Supplier shall notify EST of any suspected infringement
of the Branding but shall not take any steps or action whatsoever in relation to that suspected infringement unless requested to do so
by EST; and/or

 

		2.6.8	if so required by EST, fully co-operate with EST in
making applications to the Registrar of the Branding or equivalent officials or bodies for either the registration of this Agreement as
a licence or the registration of EST as a registered user of the EST Branding.

 

		3.	Sub-License and Third Party Branding

 

		3.1	EST shall not be entitled to grant sublicences to
any member of the EST Group or any of with respect to the licenses granted in clause 2.1 unless otherwise agreed by both parties.

 

		4.	The Supplier’s Services with respect to the App and Games

 

		4.1	The Supplier will provide the Product to End Users
through the Platform so as to enable End Users to access, download and install the Product through the App Store and will be solely responsible
for procuring, hosting, maintaining and securing its network connections and telecommunications links from its systems to the relevant
data centres with respect to the Product.

 

		4.2	The Supplier will design and develop the Product.

 

		4.3	The Supplier will provide the Product to End Users
solely in the English language, but has the facility to provide other languages so long as the required translations files are provided
by EST

 

		4.4	The Supplier shall be responsible for uploading and
submitting the Product to the Google and Apple App Store and receiving each of the App Store’s approval for the Product to be listed
on the respective App Store(s).

 

		4.5	The Supplier shall procure the acceptance by each
End User of the Terms and Conditions in a click-through, downloadable format prior to the End User downloading and installing the Product
and the Supplier shall ensure that each End User's acceptance of the Terms and Conditions, as amended, is recorded and stored, by app
version The Supplier shall ensure that each End User who rejects the Terms and Conditions shall not be able to download and install the
Product.

 

		4.6	The Supplier will provide to EST the Terms and Conditions
in English for EST to translate for use in the Product (the “Translated Terms and Conditions”).

 

		4.7	The Supplier shall ensure that the Terms and Conditions
include protection of the EST IP, an obligation on each End User to comply with the rules of the Product and limitations of liability
of the EST Group.

 

		4.8	The Supplier shall deal with any technical requirements
with regard to the functionality, layout and look and feel of the Product including the Third Party Technical Specifications.

 

		4.9	The Supplier shall manage, administer and control
the Product and/or the Platform at its own cost.

 

		4.10	The App shall have at least [***] new games added
per day and settlement of games and contests shall occur no less than [***] times per [***].

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	7	 

     

    

 

		4.11	The Supplier will provide EST with daily reports
from the Supplier’s internal back office with respect to the Product (“Back Office”) and provide access to its Firebase
or other database location account to EST with respect to the Product (“Firebase Account”), where EST shall be able to view
all available data including but not limited to, the total number of End Users who have completed in full and successfully submitted at
least one completed Game on the Product the day before, the number of End Users who for the first time have completed in full and successfully
submitted at least one completed Game on the Product the day before and the total Prizes granted to End Users the day beforehand.

 

		4.12	Subject to appraising the integration of ESTs preferred
business intelligence tools, the Supplier agrees to the integration of said products at the Supplier’s cost so long as the integration
requirements are reasonable.

 

		4.13	The Supplier shall be responsible for capturing and
recording, processing and storing all End User Data;

 

		4.14	The Supplier will provide the Product with technical
back-up and support in respect of the Product as set out in the service level agreement attached as Schedule 3 (Maintenance Services).

 

		4.15	The Maintenance Services will include the Supplier
supplying such updates, upgrades, bug fixes and new releases to the App and/or Games.

 

		4.16	The Supplier agrees to undertake Additional Development
from time to time where agreed between the parties in accordance with the items set out in Schedule 1 and 2.

 

		4.17	Supplier will provide a single point of contact or
PM/Account Manager, assigned to optimize and support EST as part of integration and ongoing product operations

 

		5.	Supplier’s Warranties, Representations and Undertakings

 

		5.1	The Supplier warrants, represents and undertakes to EST that:

 

		5.1.1	the Supplier shall perform its obligations under this
Agreement including without limitation the Maintenance Services to the best skill and ability using competent and suitably experienced
staff and shall maintain such high standards as are reasonably expected by EST to create a fully functional Product on or before the Launch
Date;

 

		5.1.2	the Product shall only be available to End Users
to download and install the Product and that no person under the age of 18 (eighteen), shall be permitted and/or able to download and
install the Product;

 

		5.1.3	the Product, Platform, the Maintenance Services and/or
the Terms and Conditions will at all times comply with the terms and conditions of the App Store including without limitation any terms
of service, guidelines and/or policies and anything analogous to the foregoing issued by the operators and/or owners of the App Store;

 

		5.1.4	the Product, Platform, the Terms and Conditions and/or
the Maintenance Services shall comply with all Applicable Law;

 

		5.1.5	its collection, retention and use of End User Data
shall comply with the Privacy Policy and all Applicable Law;

 

		5.1.6	the Product shall be free to End Users to register,
download and install subject to respective app store terms and conditions EST reserves the right to create a paid version for the Product;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	8	 

     

    

 

		5.1.7	the Supplier shall at all times comply with the Guidelines;

 

		5.1.8	the Supplier confirms and undertakes that it will
not directly or indirectly seek to register or exploit the Branding as a registered domain name or trademark;

 

		5.1.9	it has full power and authority to enter into this
Agreement and is not bound by any previous agreement which may adversely affects this Agreement;

 

		5.1.10	it is the owner free of any third party rights of
the App, the Games, Platform and/or the Trade Marks and/or Materials and has the full right to provide the licences herein;

 

		5.1.11	the Product shall be developed by the Supplier in a
form which is fully compliant and consistent with the Product Specification and EST's Guidelines;

 

		5.1.12	the Product and/or Platform shall be free of viruses,
material errors and material defects and the Product will perform in accordance with the Product Specification;

 

		5.1.13	the Product, Platform, the Terms and Conditions,
and/or the Maintenance Services and/or EST’s marketing and promotion using the of the App, Games and/or, Trade Marks in accordance
with the terms of this Agreement shall not infringe the Intellectual Property Rights of any person, or constitute any libel or slander
of any person;

 

		5.1.14	it has the relevant and up-to-date systems for prevention
and protection against cyber- attacks, including without limitation, DDoS attacks, all in accordance with the best industry-standards.
Further, it establishes and maintains appropriate security protocols and systems to manage and mitigate such attacks, including swift
identification thereof, appropriate notification of affected parties and resolution of any defects as quickly as possible;

 

		5.1.15	the Supplier shall provide the Maintenance Services
in accordance with the response times as set out in Schedule 3 attached hereto;

 

		5.1.16	It shall possess at all times during this Agreement
a fiscal code and/or fiscal representative as required by Applicable Law;

 

		6.	Launch of the Product

 

		6.1	The date of when the Product shall be made available
to End Users to download, install and register with the Product shall be agreed by the parties acting reasonably and the launch date shall
occur when the Product is first made available in the App Store to End Users to download, install and register with the Product (“Launch
Date”).

 

		6.2	Formal load balancing and stress testing shall be
performed by both parties in advance of and prior to any material marketing efforts hereunder and such load balancing and stress testing
shall be mutually confirmed in writing at each occurrence.

 

		7.	Hosting

 

		7.1	The Product will be hosted by the Supplier

 

		7.2	The Supplier shall procure;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	9	 

     

    

 

		7.2.1	appropriate and sufficient data storage and data
processing capacity adequate to host the Product;

 

		7.2.2	reasonably sufficient bandwidth capacity to allow
End Users to access and use the Product

 

		7.2.3	The actual Supplier cost of any and all hosting required
hereunder shall be paid without markup or increase by EST upon presentation of actual invoices regarding same The parties shall mutually
approve in writing a maximum amount of said hosting costs in advance of incurrence of same.

 

		8.	Fees

 

		8.1	EST shall pay the Initial Development Fees in accordance
with Schedule 2 within 30 days of receiving a valid invoice for said fees.

 

		8.2	All payments will be due in the currency set out
in Schedule 2 or as is agreed in writing by and between the parties.

 

		8.3	The Supplier will issue an invoice to EST for the
provision of the previous month’s services within 5 days after the previous month end.

 

		8.4	Unless otherwise specified, EST will make any payments
under this agreement to the Supplier within 30 days of the date of a valid invoice for such sums.

 

		8.5	EST acknowledges that Additional Development Costs
are incurred at either the Supplier’s time and material rates set out in Schedule 2 or at a fixed cost agreed by both parties in
writing

 

		8.6	Additional Development Costs (if any) shall be levied
and paid as agreed by the parties in writing.

 

		8.7	All payments under this Agreement made by EST shall
be made to the Supplier’s bank account the details of which are as follows:

 

		 	Account Holder Name
		 	 
		 	Bank Name
		 	 
		 	Bank Address:
		 	 
		 	Bank Account Number:
		 	 
		 	IBAN:
		 	 
		 	BIC (Swift):
		 	 
		 	The Supplier shall provide applicable
confirmation from the abovementioned bank, if requested by EST. Furthermore, in the event of any change to the above-mentioned details,
the Supplier shall provide EST with a notice signed by the Supplier’s authorised signatory and confirmation from local counsel that
such notice was sent in accordance with Applicable Law and the company's documents of incorporation and it binds the Supplier for all
intents and purposes.

 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	10	 

     

    

 

		8.8	All fees in this Agreement are considered exclusive
of VAT or any country or state required taxes, which will be added as additional costs where applicable.

 

		8.9	Hosting Charges as set out in Clause 7 and Additional
Charges (if any) as set out in Schedule 2 shall be levied by the Supplier monthly in arrears with sufficient detail of the underlying
charges.

 

		8.10	The Supplier acknowledges that the consideration
payable under this clause 8 constitutes the full and final amount payable in connection with this Agreement, and that it shall not be
entitled to receive any payment, benefit or right except for such consideration, including, without limitation, any reimbursement for
costs and expenses it may incur in connection with this Agreement.

 

		8.11	Without prejudice to any other right or remedy that
it may have, if EST fails to pay the Supplier any undisputed sums within 15 days due date EST will pay interest on the overdue amount
at the rate of one per cent (1%) per annum above Barclays Bank PLC’s base rate from time to time. Such interest will accrue on a
monthly basis from the due date until actual payment of the overdue amount, whether before or after judgment.

 

		8.12	During the term of this Agreement and for a period
of 1 (one) year thereafter, EST and/or any third party acting on its behalf (the “Auditor”) shall be able examine the books
and records of the Supplier in order to confirm that Monthly Fee paid the deductions of the Advertising Deduction are correct. Such audits
may take place remotely or at the Supplier’s premises. The Supplier shall fully co-operate with the EST and/or the Auditor. In the
event such inspection or audit shall disclose any overpayment by EST, EST shall invoice the Supplier for the overpayment and the Supplier
shall pay such invoice within 30 days of the Supplier’s receipt of such. Further, in the event such inspection or audit is made
necessary such overpayment is greater than 5% as related to any period covered by audit, then the Supplier shall reimburse EST for the
actual and reasonable fees and costs of such audit or inspection.

 

		9.	Confidentiality and Publicity

 

		9.1	The parties shall execute a Non-Disclosure Agreement attached hereto.

 

		9.2	The parties agree that no announcement will be made
concerning the existence of, or matters covered by, this Agreement until a mutually agreed joint announcement is prepared and released
(which shall be at each party’s sole discretion whether to agree to such).

 

		10.	Indemnification
		 	 
		 	The Supplier & ESG will
mutually indemnify and hold harmless the EST Group from any and all Losses of any nature whatsoever incurred or suffered by the EST Group
in any way arising from third party claims relating to: (i) the Product, the Platform, the Trade Marks and/or the Materials; (ii) breach
of any Applicable Law; (iii) any claim brought by an End User; (iv) any claim from any regulator, any regulatory authority and/or governmental
authority; and/or (v) any claim from the owner and/or operator of the App Store.

 

		11.	Limits of Liability

 

		11.1	Subject to clause 11.3, neither party will in any
circumstances have any liability for any Losses which may be suffered by the other party (or any person claiming under or through such
party), whether the same arise in contract, tort (including negligence) or otherwise howsoever, which are special, indirect or consequential
loss (even if the other party was aware of the circumstances in which such special, indirect or consequential losses could arise).

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	11	 

     

    

 

		11.2	Subject to clauses 11.1 and 11.3, the total aggregate
liability of each party to the other party, whether in contract, tort (including negligence) or otherwise and whether in connection with
this Agreement or any collateral contract, will in no circumstances exceed a sum equal to the amounts actually paid or payable to the
Supplier in the twenty- four (24) months preceding the date on which the claim arose.

 

		11.3	The exclusions in clause 11.1 and 11.3 will apply
to the fullest extent permissible at law, but neither party excludes liability for (as applicable):

 

		11.3.1	death or personal injury caused by its own negligence,
its officers, employees, contractors or agents;

 

		11.3.2	gross negligence fraud or fraudulent misrepresentation;

 

		11.3.3	the indemnity in clause 12.5 and/or 11;

 

		11.3.4	any breach of the Supplier of clauses 5.1.2, 5.1.3, 5.1.4, 5.1.5, 5.1.6, 5.1.7,
  5.1.9, 5.1.11 and/or 5.1.14;

 

		11.3.5	any breach of the NDA; and/or

 

		11.3.6	any other liability which may not be excluded by Applicable Law.

 

		12.	Intellectual Property Rights

 

		12.1	EST acknowledges that other than with respect to
any EST IP and subject to clause 7.3, Intellectual Property Rights in relation to the App and each of the Games and any Materials and
any part thereof belong and will belong to or be licenced to the Supplier, and EST will have no rights in or to the App or any Game or
any Materials subject to the foregoing and/or other than as provided in this Agreement. Without limiting the foregoing, all developments,
additions, enhancements, improvements or derivatives of the App and/or Games (as relevant) will be deemed to constitute part of the App
and/or Games (as relevant) and will be the sole and exclusive property of the Supplier, subject to the licences set out herein.

 

		12.2	The Supplier acknowledges that EST Group owns all
rights, title and interest in the EST IP and all other proprietary and Confidential Information of EST which the Supplier may have access
to through this Agreement. The Supplier acknowledges that it will not acquire any interest in the EST IP by virtue of this Agreement or
the activities of either party under it.

 

		12.3	Neither party will undertake any action that interferes
with or diminishes the other party’s right, title and/or interest in its Intellectual Property Rights, trademarks trade names or
names nor use any name or trade mark confusingly similar to the other party’s trademarks, trade names and/or product names.

 

		12.4	EST will promptly give notice in writing to the Supplier
in the event that it becomes aware of:

 

		12.4.1	any infringement or suspected infringement of the
App or any of the Games or the Materials of Applicable Law; or

 

		12.4.2	any claim that the use of or access to the App and/or
any Game (and any component thereof) or the Materials infringes the rights of any third party.

 

		12.5	The Supplier undertakes to indemnify and keep fully
and effectively indemnified from and against any Losses which the EST Group may suffer or incur in connection with any allegation or claim
that the App, any Game, the Platform, the Landing Page, the Trade Marks and/or the Materials (or any part thereof) infringes the Intellectual
Property Rights of a third party (Claim).

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	12	 

     

    

 

		12.6	If any third party makes a Claim, or notifies an
intention to make a Claim against EST, EST shall:

 

		12.6.1	as soon as reasonably practicable, giving written
notice of the Claim to the Supplier, specifying the nature of the Claim in reasonable detail;

 

		12.6.2	not making any admission of liability, agreement or
compromise in relation to the Claim without the prior written consent of the Supplier (such consent not to be unreasonably conditioned,
withheld or delayed); and

 

		12.6.3	give the Supplier and its professional advisers reasonable
assistance in defending the Claim at the Supplier’s cost and expense.

 

		12.7	If any Claim is made, or in the Supplier’s reasonable
opinion is likely to be made, against the EST Group, the Supplier may at its sole option and expense:

 

		12.7.1	procure the right to continue to use the App, Materials
and Games (or any part thereof) in accordance with the terms of this Agreement; modify the App, Materials and/or the Game so that it ceases
to be infringing but without adversely affecting the performance of the App and/or Game;

 

		12.7.2	replace the App, Materials and/or Game with a non-infringing
equivalent App, Materials and/or Game; or

 

		12.7.3	terminate the Agreement if Supplier deems it necessary
to do so to avoid further harm to it’s to it or its business.

 

		13.	Term and Termination

 

		13.1	Unless terminated earlier in accordance with the
early termination provisions in this Agreement, this Agreement will commence on the Commencement Date and will continue in force for [***]
months from the Launch Date (the “Initial Period”). The Agreement shall automatically be extended for additional periods of
[***] months each (the Renewal Period) unless either party provides the other party with written notice of termination at least [***]
calendar days prior to the expiry of the Initial Period or any Renewal Period.

 

		13.2	Without affecting any other right or remedy available
to it, either party may terminate this Agreement with immediate effect by giving written notice to the other party if:

 

		13.2.1	the other party commits a material breach of any
term of this Agreement which breach is irremediable or (if such breach is remediable) fails to remedy that breach within a period of ten
(10) days after being notified in writing to do so (for the avoidance of doubt the Supplier’s breach of clauses 5.1.2, 5.1.3, 5.1.4,
5.1.5, 5.1.6, 5.1.7, 5.1.9, 5.1.11, 5.1.14 and/or 5.1.19 shall be a breach
which is irremediable);

 

		13.2.2	the other party suffers an Insolvency Event; or

 

		13.2.3	the other party suspends or ceases, or threatens to
suspend or cease, carrying on all or a substantial part of its business.

 

		13.3	In addition, either party shall be entitled to terminate
this Agreement at any time and for any reason by providing the Supplier with 30 (thirty) days' prior written notice, without thereby incurring
any liability towards either party.

 

		13.4	EST shall also be entitled to terminate the Agreement
with immediate effect on written notice to the Supplier if:

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	13	 

     

    

 

		13.4.1	the Supplier carries out any action or omission which
EST reasonably believes will expose the EST Group to the risk of adverse legal, regulatory or economic repercussions in any jurisdiction;

 

		13.4.2	the EST Group is ordered or required by an applicable
regulatory authority in a jurisdiction to which it is subject, to terminate its relationship with the Supplier; or

 

		13.4.3	the relationship between EST and the Supplier, the
Product and/or this Agreement results in EST being of the opinion that any of the EST Group’s gaming licenses is or will be placed
in jeopardy.

 

		13.5	In the event this Agreement is terminated by either party in accordance
with clause 13.3, 13.4 or 13.6 or either party
in accordance with clause 26, if the effective date of termination of the Agreement falls: (i) EST will pay the a pro rata amount of the
Monthly Fee for the days which have elapsed in Month in which the effective date of termination of the Agreement falls; (ii) EST will
pay the Monthly Fee which is applicable to the Month in which the effective date of termination of the Agreement.

 

		13.6	On termination or expiry (as applicable) of this Agreement for any reason:

 

		13.6.1	each party must promptly, and in any event no later
than fourteen (14) days after termination, return to the other party all property and confidential information belonging to the other
and relating to this Agreement, in all forms, or to the extent such return is not reasonably practical, destroy or delete completely the
foregoing and certify in writing to the other party that it has been destroyed;

 

		13.6.2	all licenses granted under this Agreement will cease
including, in particular, the licence granted under clause 2.1;

 

		13.6.3	any provision of this Agreement which expressly or
by implication is intended to come into or continue in force on or after termination or expiry (as applicable) of this Agreement will
remain in full force and effect (including, without limitation, the NDA, clauses, 2.6.8, 7.3.2-7.3.6 (inclusive), 8.2, 9.11, 10, 11, 12
, 13.1-13.6 (inclusive), 14 , 20, 21, 24, and 25-27 (inclusive).

 

		13.7	Notwithstanding anything to the contrary in this
Agreement, EST following the termination of the Agreement for any reason whatsoever or expiry of the Agreement (as applicable), EST shall
have 30 days (the “Take Down Period”) to: (i) remove all marketing and promotional materials produced a as result of the licenses
granted in section 2.1 (the “Licensed Materials”) from EST’s marketing and promotional channels which are under its
direct control (the "EST Channels") (for example any website operated by EST and EST’s social media accounts); and (ii)
make commercially reasonable efforts to cause the removal of the Licensed Materials from any third party platform, social media accounts
websites and advertising materials to which EST provided them to them to.
		 	 
		 	In the event that following
the Take Down Period the Supplier becomes aware that any of the Licensed Materials are still being used, in spite of EST’s compliance
with the provisions of this paragraph above, then the Supplier shall notify EST in writing and EST shall have seven days from receipt
of such notice to remove the applicable Licensed Materials from the EST Channels and such circumstances shall not be considered to be
a breach of the Agreement. However, if the marketing channels that use the Licensed Materials are not EST Channels and are not under EST’s
direct control (such as for example the third party platforms and websites), EST shall not be liable if the applicable Licensed Materials
are not removed from such channel despite its request. In such case, the Supplier’s sole remedy is to take direct action against
the applicable third party, and EST shall reasonably cooperate with the Supplier, if so requested.

 

		13.8	Termination or expiry (as applicable) of this Agreement
will not affect any rights, remedies, obligations or liabilities of the parties that have accrued up to the date of termination or expiry
(as applicable), including the right to claim damages in respect of any breach of this Agreement which existed at or before the date of
termination or expiry (as applicable).

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	14	 

     

    

 

		14.	Exclusivity
		 	 
		 	Subject to the payment set forth
in Schedule 3 addended hereto, Supplier hereby grants EST the exclusive worldwide rights to the [***] as defined herein and any and all
[***] of same in connection with [***] and as such the Supplier may not enter into any agreements for the purposes of [***] any party
operating in the field of [***]. The terms and conditions of this Section 14 and the Schedule 3 associated therewith shall continue and
remain in force regardless of termination of the Agreement for so long as EST makes all payments required as identified in Schedule 3.

 

		15.	Costs
		 	 
		 	Except as otherwise stated in
this Agreement, each party will pay its own costs and expenses in relation to the negotiation, preparation, and execution and carrying
into effect of this Agreement.

 

		16.	Waiver
		 	 
		 	No failure or delay by a party
to exercise any right or remedy provided under this Agreement or by law will constitute a waiver of that or any other right or remedy,
nor will it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right
or remedy will prevent or restrict the further exercise of that or any other right or remedy.

 

		17.	Remedies
		 	 
		 	Except as expressly provided
in this Agreement, the rights, powers and remedies provided in this Agreement are cumulative and not exclusive of any rights, powers and
remedies provided by law. The exercise or partial exercise of any right, power or remedy provided by law or under this Agreement will
not preclude any other or further exercise of it or the exercise of any other right power or remedy.

 

		18.	Entire Agreement

 

		18.1	This Agreement and the documents referred to in it
constitute the entire agreement between the parties and supersede all other agreements or arrangements, whether written or oral, express
or implied, between the parties or any of them.

 

		18.2	Each party agrees that, in entering into this Agreement,
either it did not rely on any representations (whether written or oral) of any kind or of any person other than those expressly set out
in this Agreement or (if it did rely on any representations, whether written or oral, not expressly set out in this Agreement) that it
will have no remedy in respect of such representations and (in either case) neither party will have liability in any circumstances otherwise
than in accordance with the express terms of this Agreement.

 

		19.	Variation
		 	 
		 	No variation of this Agreement
will be effective unless made in writing and signed by both parties (or their authorised representatives).

 

		20.	Severance
		 	 
		 	If any
provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it will be deemed modified to the minimum
extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part-provision
will be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause will not affect the validity
and enforceability of the rest of this Agreement.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	15	 

     

    

 

		21.	Authority

 

		21.1	Each party warrants and represents that the individual
executing this Agreement on behalf of such party is empowered by that party to execute it and that all necessary action to authorise its
execution by that individual has been taken.

 

		21.2	Each party represents and warrants to the other party
that it is a corporation validly organised and existing under laws of the place of its organisation.

 

		22.	Counterparts
		 	 
		 	This Agreement may be executed
in any number of counterparts and by attachment to electronic mail, but will not take effect until each party has executed at least one
counterpart. Each counterpart will constitute an original, but all the counterparts together will constitute a single agreement.

 

		23.	Third Party Rights

 

		23.1	Except as stated elsewhere in this Agreement, no person
who is not a party to this Agreement will have any right to enforce it.

 

		23.2	Any member of EST Group shall be entitled to enforce the terms of this Agreement.

 

		23.3	The rights of the parties to terminate, rescind or
agree any variation, waiver or settlement under this Agreement are not subject to the consent of any other person.

 

		24.	No Partnership or Agency

 

		24.1	Nothing in this Agreement creates a joint venture
or partnership or establishes a relationship of principal and agent or any other fiduciary relationship between the parties.

 

		24.2	Neither party will represent itself as agent of the
other party and neither party will have authority or power to bind the other party or to contract in the name of or create a liability
against the other party.

 

		24.3	Each party confirms it is acting on its own behalf and
not for the benefit of any other person.

 

		25.	Force Majeure

 

		25.1	Neither party is to be liable to the other for delay
or failure to perform any obligation under this Agreement to the extent that the delay or failure results from events, circumstances or
causes beyond its reasonable control (such event being Force Majeure), which will include without limitation, act of God, war, riot, civil
commotion, malicious damage, compliance with any law or governmental order, rule, regulation or direction, fire, flood, storm.

 

		25.2	In such circumstances the affected party will be
entitled to a reasonable extension of the time for performing such obligations.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	16	 

     

    

 

		25.3	A party becoming aware of any Force Majeure must promptly
notify the other party in writing of the relevant facts and any likely delay or other effect, and both parties will to the extent within
their control use their reasonable endeavours to mitigate the effects of the Force Majeure.

 

		25.4	If Force Majeure continues for twelve (12) successive
weeks, either party may terminate this Agreement by giving fourteen (14) days’ written notice to the affected party.

 

		26.	Notices

 

		26.1	Any notice given to a party under or in connection
with this Agreement will be in writing and will be:

 

		26.1.1	delivered by hand or by prepaid first class post or
other next working day delivery service at its registered office (if a company) or its principal place of business (in any other case);

 

		26.1.2	sent by prepaid airmail providing proof of delivery; or

 

		26.1.3	other than in relation to termination of the Agreement
sent by email to Supplier: [***] or EST: [***].

 

		26.2	Any notice will be deemed to have been received:

 

		26.2.1	if delivered by hand, on signature of a delivery receipt
or at the time the notice is left at the proper address;

 

		26.2.2	if sent by prepaid first class post or other next
working day delivery service, at 9.00 a.m. on the second Business Day after posting or at the time recorded by the delivery service;

 

		26.2.3	if sent by prepaid airmail providing proof of delivery,
at the time recorded by the delivery service; or

 

		26.2.4	if sent by email, at 9.00 a.m. on the next Business
Day after transmission, provided that the sender has not received a response that delivery was unsuccessful or an “out of office”
response.

 

		27.	Governing Law and Jurisdiction

 

		27.1	This Agreement and any dispute, disagreement or claim
arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) will be governed
by and construed in accordance with English Law.

 

		27.2	Each party irrevocably
agrees that the courts of England and Wales will have exclusive jurisdiction to settle any , disagreement or claim arising out of or
in connection with this Agreement or its subject matter or formation (including non-contractual Disputes or claims).

 

	
    Signed by Splash Technology Limited
	
    Director: 
	/s/
	2/5/2021	 	 
	 	Print name: 	 
	 	 	 
	
    Signed by Esports Technologies, Inc.
	
    Director:
	/s/ Bart Barden
	2/5/2021	 	 
		Print name:	Bart Barden
	 	 	 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

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Schedule
1 Schedule App & Game Specification and Requirements v1

 

Version 1 Specifications

 

		1.	App use through [***].

 

		2.	App to have [***]

 

		3.	App to have [***].

 

		4.	App to include [***]

 

		5.	Full Reporting integration with [***]

 

 

Version 2 Specifications

 

		6.	[***] (at Suppliers cost).

 

		7.	[***] (at Suppliers cost)

 

		8.	[***]

 

		9.	[***]

 

		10.	[***]

 

 

*It is noted that all Version
2 Specifications must be agreed to by both parties with detailed product specifications provided by the Supplier. Development of the features
won’t begin until the specifications are approved by ESG.

 

All Version 2 features, unless
otherwise stated, are considered as Additional Development and therefore subject to the Additional Development fees set out in Schedule
2.

 

The Supplier shall endeavour
to have Version 2 features launched by July 31st 2021 but is in no way liable should this delivery date be missed for any reason whatsoever.

 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

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Schedule 2 - The Fees

 

		1.	Initial Development Fees

 

		1.1	The Initial Development Fees are $[***] payable as follows:

 

		1.1.1	$[***] following EST’s receipt of an invoice
(which shall be submitted by the Supplier following signature of this Agreement); and

 

		1.1.2	$[***] within 30 days of the Launch Date.

 

		2.	Monthly Fees

 

		2.1	A monthly fee of $[***] per month will be payable
commencing upon the Launch Date and due thereafter for each month until the Agreement is terminated. All monthly fees are due within 30
days of invoicing by Supplier.

 

		3.	Exclusivity Fee. Supplier grants EST the exclusive
rights for each annual period of the Agreement and as set forth in Section 14 of the Agreement, subject to payment as set forth below:
		 	 
		 	

Year 1 - $[***] total cash value
consideration due upon execution of the Agreement with $[***] of said consideration paid in cash and $[***] paid in the form of a grant
of a warrant to purchase [***] common stock shares of EST exercisable at any time within five (5) years of the date of grant at an exercise
price of $[***] per share.

		 	 
		 	Year 2 - $[***] total cash value
consideration due on the first year anniversary of the execution date of the Agreement, with $[***] of said consideration paid in cash
and
		 	 
		 	$[***] paid in the form of a
grant of a warrant to purchase [***] common stock shares of EST exercisable at any time within five (5) years of the date of grant at
an exercise price equal to the fair market value of EST common stock shares as determined as of the first year anniversary of the execution
date of the Agreement.
		 	 
		 	Year 3, $[***] total cash value
consideration due on the second year anniversary of the execution date of the Agreement, with $[***] of said consideration paid in cash
and $[***] paid in the form of a grant of a warrant to purchase [***] common stock shares of EST exercisable at any time within five (5)
years of the date of grant at an exercise price equal to the fair market value of EST common stock shares as determined as of the second
year anniversary of the execution date of the Agreement.

 

Thereafter Year 3 of this Agreement
and for each annual period subsequent to the end of Year 3 hereof, EST shall have the right but not the obligation to continue to make
payments of $[***] in cash per each annual period thereafter and extend the exclusive rights set forth in Section 14 of the Agreement.
For the avoidance of doubt, should EST continue to make payments of $[***] per year for each successive year commencing at the start of
Year 4 of this Agreement and thereafter then the parties agree that the rights conferred to EST in Section 14 hereof shall continue and
remain.

 

SUPPLIER IS SOLELY RESPONSIBLE
FOR ANY AND ALL TAX CONSEQUENCES ARISING FROM THIS AGREEMENT INCLUDING THE WARRANTS AND REPRESENTS AND WARRANTS THAT IT HAS CONSULTED
WITH TAX PROFESSIONALS IN THIS REGARD AS MAY BE REQUIRED.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

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		4.	Game Prizes

 

		4.1	EST is solely responsible for the payment of any
jackpots or prizes won by End Users in the Games. The Supplier will inform EST of any End User that has won any prize, providing all End
User account information with 24 hours of the settlement of the Game.

 

		5.	Additional Development

 

		51.	Development that falls outside of the scope of the Version 1 and into version 2
will be charged at an hourly rate of $[***] per hour per engineer. Where possible, the parties will agree upon a fixed fee per feature
or project so as to reduce or cap the costs of development.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	20	 

     

    

 

Schedule 3 – Service Level Agreement

 

		1.	General

 

		1.1	The Supplier shall host and maintain the Product
in accordance with the Service Levels set out in this Schedule.

 

		1.2	If the Product is not available in accordance with
the relevant Service Levels, EST shall become entitled to the Service Credits set out in this Schedule.

 

		1.3	In this Schedule the following expressions shall
have the following meanings unless the context requires otherwise:

 

	Availability Service Level	
    means the uptime commitment set out in paragraph 2.1
of this Schedule and is calculated as the Resolution Time for Priority 1 Faults;

	 	 
	Available	means available to be accessed and utilised without delay by End Users and not subject to a Priority 1 Fault (and Availability shall be construed accordingly);
	 	 
	Fault	means a Priority 1 Fault, Priority 2 Fault or Priority 3 Fault (as applicable);
	 	 
	Planned Downtime	means a period of Unavailability outside of 8am – 2am GMT during which all or part of the Product (or any component thereof) shall be Unavailable, to enable the Supplier to carry out required maintenance or install patches or Updates to the Product (or any part thereof);
	 	 
	Priority 1 Fault	means a total or significant failure in the functionality or performance of the Product (or any part thereof), and this Defect affects 50% of End User revenue for the Product;
	 	 
	Priority 2 Fault	means a failure of moderate impact causing moderate/low disruption or reduction in the functionality or performance of the Product (or any part thereof) and this Defect affects 25% of End User revenue for the Product;
	 	 
	Priority 3 Fault	means a minor fault with minimal (if any) impact on the functionality or performance of the Product (or part thereof);
	 	 
	
    Resolution Time Service Levels
	
    means the target timeframe for Resolving a Fault as set out in the table in paragraph 3.6 of this Schedule;

 

	Resolve	means in relation to a Fault, to restore the functionality and performance of the Product (or any part thereof) and to restore operation of such Product (or any part thereof) to its normal operating level (which level may be set out in the specification), whether through the implementation of a Workaround or permanent solution and Resolution, Resolving and Resolved shall be construed accordingly;
	 	 
	
    Response and Resolution Service Levels
	
    means the Response Time Service Levels and the Resolution Time
Service Levels;

	 	 
	Response Time Service Levels	means the target timeframe for Responding to a Fault as set out in the table in paragraph 3.5 of this Schedule;

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	21	 

     

    

 

	Service Credit shall	mean a credit due to EST where the Supplier fail to: (i) meet its Availability target; (ii) fails to Respond to Fault notifications within the Fault Response Time Service Level targets; as such credit is calculated in accordance with this Schedule;
	 	 
	Service Levels	means the Availability Service Level and the Response and Resolution Service Levels;
	 	 
	Unavailability	means not Available (and Unavailability shall be construed accordingly); and
	 	 
	Workaround	means a method of restoring the Product to its normal operating level, without Resolving the underlying Fault.

 

		2.	Availability Service Level and Service Credits

 

		2.1	The Supplier shall ensure that the Product shall
be Available, excluding Planned Downtime, 99.9% of the time in any given calendar month during the term of the Agreement (Availability
Service Level). If the Supplier fail to meet this target in any calendar month, EST shall be entitled to Service Credits calculated as
follows:
		 	 
		 	Service Provider will ensure
that Uptime of the System will equal or exceed 97.5%. In case the Uptime falls below the committed 97.5%, Client shall have the option
to terminate the Agreement.

 

	Availability of Product	Service Credit (as a percentage of the average of the Monthly Fees payable in the relevant Month and the Month prior to the relevant Month)
	< 99.9% but greater than or equal to 99.0%	[***]%
	< 99.0% but greater than or equal to 98.0%	[***]%
	< 98.0% but greater than or equal to 96.0%	[***]%
	< 96.0% but greater than or equal to 93.0%	[***]%
	< 93.0% but greater than or equal to 85%	[***]%
	<85%	[***]% and shall be considered a material breach incapable of remedy (without prejudice to your other rights and remedies hereunder).

 

		3.	Response and Resolution Service Levels and Service Credits

 

		3.1	The Supplier shall at all times employ appropriately
skilled and trained personnel who possess communication skills in accordance with best industry practice, are administratively competent
and who are suitably qualified and experienced with the App and Games.

 

		3.2	Telephone Support is available 24 hours a day, 7 days
a week for all Priority 1 and Priority 2 Faults and during normal business hours for Priority 3 Faults. Also a Slack Channel to be determined
post agreement signing will be made available and escalations sent to the contacts below

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	22	 

     

    

 

		3.2.1	EST Escalation Contacts

 

		(a)	[***]

 

		(b)	[***]

 

		3.2.2	Response and Resolution Service Levels: The Supplier
shall Respond to Fault notifications or as soon as it becomes aware of a Fault within the Fault Response Time Service Levels and Resolve
all Faults within the Resolution Time Service Levels applicable to the Priority Level of the Fault set out in the table below. The Resolution
Time Service Level period shall commence when the Fault is reported to the Supplier or as soon as the Supplier becomes aware of a Fault
and end when the Supplier have Resolved the Fault. An issue is considered Resolved if it no longer meets the Fault definitions

 

		4.	Nature of Service Credits

 

		4.1	The Supplier will provide EST with a monthly service
performance report within 7 days of the end of each calendar month .

 

		4.2	Service Credits will be reconciled and accrue on a quarterly basis.

 

		4.3	Service Credits shall, at the discretion of EST,
be either: (i) payable as a debt due by the Supplier to EST within 30 days of the date on which they accrue; or (ii) set off against any
sum payable by EST to the Supplier in the following Month(s).

 

		4.4	The Service Credits are a reduction of the amounts
payable in respect of the Monthly Fees.

 

		4.5	Except as expressly provided in this Agreement, the
payment of Service Credits shall not relieve the Supplier from any other obligation under this Agreement.

 

		4.6	Nothing in this Schedule shall restrict EST right
to claim damages or any other remedy or to terminate the Agreement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN
EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED
TERMS HAVE BEEN MARKED WITH THREE ASTERISKS [***]

    	 	23	 

     

    

 

EXHIBIT E

 

DATA PROTECTION ADDENDUM

 

This Data Processing Addendum (“Addendum”) forms an integral part of the License Agreement
(“Agreement”) between (a) Esports Technologies ("LICENSEE") and (b) (i) SOFTWARE PROVIDER and applies to the extent
that SOFTWARE PROVIDER processes Personal Data, or has access to Personal Data, on behalf of the LICENSEE, in the course of its performance
under the Agreement.

 

LICENSEE shall qualify as the Data Controller, as this
term is defined under Data Protection Legislation. SOFTWARE PROVIDER shall qualify as the Data Processor, as this term is defined under
Data Protection Legislation.

 

All capitalized terms not defined herein shall have the
meaning set forth in the Agreement.

 

Definitions

 

1.1.                  
"Approved Jurisdiction" means a member state of the EEA, or other jurisdiction as may be approved pursuant to the applicable
Data Protection Legislation as having adequate legal protections for data by the European Commission

 

1.2.                  
"Breach Incident" means a breach of security leading to the accidental or unlawful destruction, loss, alteration, unauthorized
disclosure of, or access to, Personal Data transmitted, stored or otherwise processed.

 

1.3.                  
"Data Protection Legislation" means any and/or all applicable domestic and foreign laws, rules, directives and regulations,
on any local, provincial, state or deferral or national level, pertaining to data privacy, data security and/or the protection of Personal
Data, including the Data Protection Directive 95/46/EC and the Privacy and Electronic Communications Directive 2002/58/EC (and
respective local implementing laws) concerning the processing of personal data and the protection of privacy in the electronic communications
sector (Directive on privacy and electronic communications), including any amendments or replacements to them, including the Regulation
(EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the
processing of personal data and on the free movement of such data ("GDPR").

 

1.4.                  
“Data Controller”, “Data Processor”, “Data Subject”, "Personal Data", “Process”
and “Processing” shall have the meanings ascribed to them in the Data Protection Legislation.

 

 

 1.5.                  
  "EEA" means those countries that are member of the European Economic Area.

 

1.6.                  
“Security Measures” mean commercially reasonable security-related policies, standards, and practices commensurate with the
size and complexity of SOFTWARE PROVIDER’s business, the level of sensitivity of the data collected, handled and stored, and the
nature of SOFTWARE PROVIDER’s business activities.

 

1.7.                  
"Standard Contractual Clauses" mean the standard contractual clauses for the transfer of personal data to data processors established
in third countries adopted by the European Commission Decision C(2010)593.

 

1.8.                  
“Sub-Processors” mean any Affiliate, agent or assignee of SOFTWARE PROVIDER that may process Personal Data pursuant to the
terms of the Agreement, and any unaffiliated processor engaged by SOFTWARE PROVIDER.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	24	 

     

    

 

Compliance
with Laws

 

 1.9.              
Each Party shall comply with its respective obligations under the Data Protection Legislation.

 

1.10.           
SOFTWARE PROVIDER shall provide reasonable cooperation and assistance to LICENSEE in relation to SOFTWARE PROVIDER’s processing
of Personal Data in order to allow LICENSEE to comply with its obligations as a Data Controller under the Data Protection Legislation.

 

 

1.11.           
SOFTWARE PROVIDER agrees to notify LICENSEE promptly in writing if it becomes unable to comply with the terms of this Addendum and take
reasonable and appropriate (but in no event less than industry- standard) measures to remedy such non-compliance.

 

 

1.12.           
Throughout the duration of the Addendum, LICENSEE agrees and warrants that:

 

(a)              
Personal Data has been and will continue to be collected, processed and transferred by LICENSEE in accordance with the Data Protection
Legislation;

 

(b)              
the processing of Personal Data by LICENSEE, as well as any instruction to SOFTWARE PROVIDER in connection with the processing of the
Personal Data (“Processing Instructions”), has been and will continue to be carried out in accordance with the relevant provisions
of the Data Protection Legislation;

 

(c)               
the LICENSEE has provided the Data Subjects with an adequate and accessible notice, in accordance with Articles 13 and 14 of the GDPR,
with respect to the processing of Personal Data and transfer of Personal Data pursuant to the Addendum;

 

 

(d)               
the LICENSEE has obtained the relevant consents and permissions as necessary under Data Protection Legislations, or otherwise relives
on other lawful grounds under Data Protection Legislations (including without limitation any lawful grounds required in order to comply
with the Processing Instructions and those purposes detailed herein); and that

 

(e)               
the LICENSEE is solely responsible to exercise any and all rights of Data Subjects, in accordance with Articles 13-22 of the GDPR.

 

 

Processing
Purpose and Instructions

 

1.13.            
The duration of the processing under the Agreement is determined by the parties, as set forth in the Agreement.

 

1.14.            
SOFTWARE PROVIDER shall process Personal Data only to deliver the Services in accordance with the LICENSEE’s written Processing
Instructions (unless waived in a written requirement), the Agreement, the Data Protection Legislation and Exhibit A, which is attached
herein and incorporated herein by reference. Unless permitted under the Agreement or this Addendum, SOFTWARE PROVIDER shall not otherwise
modify, amend, disclose or permit the disclosure of any Personal Data to any third party unless authorized or directed to do so by LICENSEE.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	25	 

     

    

 

1.15.            
SOFTWARE PROVIDER will not use Personal Data for any use other than as expressly provided in the Agreement or this Addendum. Processing
any Personal Data outside the scope of the Agreement will require prior written agreement between SOFTWARE PROVIDER and LICENSEE by way
of written agreement, and will include any additional fees that may be payable by LICENSEE to SOFTWARE PROVIDER for carrying out such
instructions.

 

1.16.            
Notwithstanding the foregoing, SOFTWARE PROVIDER shall be entitled to use the Personal Data for statistical and financial purposes provided
however that any personal attributes shall be removed from such Personal Data or otherwise if such Personal Data is maintained on an aggregated
basis. The use will be disclosed to Licensee.

 

 

Reasonable Security and Safeguards

 

1.17.            
SOFTWARE PROVIDER represents, warrants, and agrees to use Security Measures (i) to protect the availability, confidentiality, and integrity
of any Personal Data collected, accessed, used, stored or transmitted by SOFTWARE PROVIDER in connection with this Agreement, and (ii)
to protect such data from Breach Incidents.

 

1.18.            
The Security Measures are subject to technical progress and development and SOFTWARE PROVIDER may update or modify the Security Measures
from time to time provided that such updates and modifications do not result in the degradation of the overall security of the Services
purchased by LICENSEE.

 

1.19.            
SOFTWARE PROVIDER shall take reasonable steps to ensure the reliability of its staff and any other person acting under its supervision
which has access to and processes Personal Data. SOFTWARE PROVIDER shall ensure that persons authorized to process Personal Data have
committed themselves to be bound by obligations of confidentiality or are under an appropriate statutory obligation of confidentiality.

 

1.20.            
LICENSEE is responsible for using and configuring the Services in a manner which enables LICENSEE to comply with Data Protection Legislation,
including implementing appropriate technical and organizational safeguards and measures.

 

 

Breach Incidents

 

1.21.            
Upon becoming aware of a Breach Incident, SOFTWARE PROVIDER will notify LICENSEE without undue delay. SOFTWARE PROVIDER will use reasonable
endeavors to assist LICENSEE in mitigating, where possible, the adverse effects of any Breach Incident.

 

 

Cooperation and Assistance

 

1.22.            
If SOFTWARE PROVIDER receives any requests from individuals or applicable data protection authorities relating to the processing of Personal
Data under the Agreement, including requests from individuals seeking to exercise their rights under EU Data Protection Law, SOFTWARE
PROVIDER will promptly redirect the request to LICENSEE, but in no event more than five (5) Business Days from receipt of said request.
SOFTWARE PROVIDER will not respond to such communication directly without LICENSEE's prior authorization, unless legally compelled to
do so. If SOFTWARE PROVIDER is required to respond to such a request, SOFTWARE PROVIDER will promptly notify LICENSEE and provide LICENSEE
with a copy of the request, unless legally prohibited from doing so.

 

1.23.            
If SOFTWARE PROVIDER receives a legally binding request for the disclosure of Personal Data which is subject to this Addendum, SOFTWARE
PROVIDER shall (to the extent legally permitted) promptly notify LICENSEE upon receipt of such order, demand, or request, but in no event
more than two (2) Business Days from receipt of such order, demand, or request. It is hereby clarified however that if no such response
is received from LICENSEE within three (3) Business Days (or otherwise any shorter period as dictated by the relevant law or authority),
SOFTWARE PROVIDER shall be entitled to provide such information.

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	26	 

     

    

 

1.24.            
Notwithstanding the foregoing, SOFTWARE PROVIDER will reasonably cooperate with LICENSEE with respect to any action taken by it pursuant
to such order, demand or request, including ensuring that confidential treatment will be accorded to such disclosed Personal Data.

 

1.25.            
Upon reasonable notice, SOFTWARE PROVIDER shall provide reasonable assistance to LICENSEE in:

 

(i)                 
allowing Data Subjects to exercise their rights under the Data Protection Legislation, including the right of access, right to rectification,
erasure (“right to be forgotten”), data portability or object to the processing;

 

(ii)                
ensuring compliance with any notification obligations of Breach Incidents to the supervisory authority and communication obligations to
Data Subjects, as required under Data Protection Legislation;

 

(iii)                
ensuring LICENSEE’s compliance with its obligation to carry out Data Protection Impact Assessments (“DPIA”) or prior
consultations with data protection authorities with respect to the processing of Personal Data. Any assistance to LICENSEE with regard
to DPIA or prior consultations will be solely at LICENSEE's expense.

 

 

Use of Sub-Processors

 

1.26.            
LICENSEE provides a general consent to SOFTWARE PROVIDER to engage with onward Sub- Processors, provided that SOFTWARE PROVIDER has entered
into an agreement with the Sub-Processor containing data protection obligations that are at least as restrictive as the obligations under
this Addendum (to the extent applicable to the services provided by the Sub-processor).

 

 

1.27.            
SOFTWARE PROVIDER will be responsible for any acts, errors or omissions by its Sub-Processors, that may cause SOFTWARE PROVIDER to breach
any of its obligations under this Addendum.

 

 

Transfer of EEA resident Personal Data outside the EEA

 

1.28.           
SOFTWARE PROVIDER may transfer and process Personal Data of residents of the EEA or Switzerland outside the EEA ("Transfer"),
only subject to the following:

 

(i)                
The Transfer is necessary for the purpose of SOFTWARE PROVIDER carrying out its obligations under the Agreement;

 

And

 

(ii)                
One (or more) of the following applies:

 

1.             
The Transfer is to an Approved Jurisdiction;

 

2.             
The Transfer is subject to appropriate safeguards (for example, the Privacy Shield as referred to in the COMMISSION IMPLEMENTING DECISION
(EU) 2016/1250 of 12 July 2016 pursuant to Directive 95/46/EC of the European Parliament and of the Council on the adequacy of the protection
provided by the EU-U.S. Privacy Shield, or other applicable frameworks);

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

    	 	27	 

     

    

 

 3.            
LICENSEE and SOFTWARE PROVIDER will sign the Standard Contractual Clauses.

 

4.             
The Transfer is in accordance with any of the exceptions listed in the Data Protection Legislation. SOFTWARE PROVIDER will inform LICENSEE
which exception applies to each Transfer and will assume complete and sole liability to ensure that the exception applies.

 

 

Data Retention and Destruction

 

1.29.          
SOFTWARE PROVIDER will only retain Personal Data for as long as Services are provided to LICENSEE in accordance with this Agreement. Following
expiration or termination of the Agreement, SOFTWARE PROVIDER will delete or return to LICENSEE all Personal Data in its possession as
provided in the Agreement except to the extent SOFTWARE PROVIDER is required by applicable law to retain some or all of the Personal Data
(in which case SOFTWARE PROVIDER will implement reasonable measures to prevent the Personal Data from any further processing). The terms
of this Addendum will continue to apply to such Personal Data in perpetuity.

 

1.30.          
Notwithstanding the foregoing, SOFTWARE PROVIDER shall be entitled to maintain Personal Data following the termination of this Agreement
for statistical and/or financial purposes provided always that SOFTWARE PROVIDER maintains such Personal Data only on an aggregated basis
or otherwise after having removed all personally identifiable attributes from such Personal data.

 

 

General

 

1.31.          
Any claims brought under this Addendum will be subject to the terms and conditions of the Agreement, including the exclusions and limitations
set forth in the Agreement.

 

1.32.          
In the event of a conflict between the Agreement (or any document referred to therein) and this Addendum, the provisions of this Addendum
shall prevail.

 

1.33.          
SOFTWARE PROVIDER may modify the terms of this Addendum in circumstances such as (i) if required to do so by a supervisory authority or
other government or regulatory entity, (ii) if necessary to comply with Data Protection Legislation, or (iii) to implement or adhere to
standard contractual clauses, approved codes of conduct or certifications, binding corporate rules, or other compliance mechanisms, which
may be permitted under Data Protection Legislation. SOFTWARE PROVIDER will promptly provide notice of such changes to LICENSEE in writing,
and the modified Addendum will become effective, in accordance with the terms of the Agreement.

 

1.34.          
LICENSEE may audit SOFTWARE PROVIDER’s compliance with this Addendum. For such audit, as reasonably requested by the LICENSEE, SOFTWARE
PROVIDER shall grant the LICENSEE access toto its premises, to documents, and to personnel working at such premises, provided always that
(a) any such audits are performed no more than once every twelve month period; (b) any such audits are coordinated with SOFTWARE PROVIDER
at least thirty (30) days in advance; (c) the LICENSEE shall assume all costs related to such audits (including the cost of time spent
and materials of any member of SOFTWARE PROVIDER personnel assigned to monitor such audit); (d) the LICENSEE shall procure that any person
or entity conducting such audit shall at all times comply with the confidentiality obligations as detailed in the Agreement and this Addendum,
and with the security policies and measures of SOFTWARE PROVIDER; and (e) the LICENSEE shall be fully liable for any breach of such confidentiality
undertakings or security policies and measures. SOFTWARE PROVIDER shall reasonably cooperate with the LICENSEE’s audits contemplated
in this Section 10.4 of this Addendum.

 

 

 

 

 

 

 

 

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. THE REDACTED TERMS HAVE BEEN MARKED WITH THREE ASTERISKS
[***]

 

    	 	28

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