Document:

Exhibit 10.10

 

EXECUTION
COPY

 

SECOND AMENDED AND RESTATED SOFTWARE
LICENSE AGREEMENT

 

THIS
SECOND AMENDED AND RESTATED SOFTWARE LICENSE AGREEMENT is entered into as of [__] June 2018, by and between AG Software
Ltd., a company organised under the laws of Malta, with its registered office at 135 High Street, Sliema SLM 1549, Malta (“Licensor”),
Aspire Global Plc (formerly, Neo Point Technologies Limited), a company organised under the laws of Malta, and operating
by way of its Gibraltar branch with its registered office at Suites 7B & 8B, 50 Town Range, Gibraltar (“NeoPoint”),
Neogames S.à r.l., a company organized under the laws of Luxembourg, with registered office at 64, rue Principale,
L-5367 Schuttrange, Luxembourg (the “Licensee” or “NeoGames”) and William Hill Organization
Limited, a company incorporated in England and Wales (No. 278208) whose registered office is at Greenside House, 50 Station
Road, Wood Green, London N22 7TP (“WH”) (which is a signatory to this Agreement, subject to Section 22
below).

 

Each of Licensor, NeoPoint, Licensee and
WH shall hereafter be referred to as a “Party” and collectively referred to as the “Parties.”

 

WHEREAS:

 

		A.	The Licensor was granted by its parent company, NeoPoint, a right and license, with the right to
sub-license, to use a suite of online lottery software solution, including the Mixed-Use Software (as defined below);

 

		B.	NeoGames operates in the field of design, development and implementation of online lottery solutions
and provision of operational services in connection therewith to B2G Customers (as defined below) (the “iLottery Business”)
worldwide;

 

		C.	Pursuant to the Software License Agreement, dated April 24, 2015, as amended on August 6,
2015, between the Parties (the “Original Agreement”), attached hereto as Exhibit 1, the Licensor
licensed to the Licensee rights in and to the Mixed-Use Software and the Licensee obtained a license to use the Mixed-Use Software
for the purpose of conducting the Licensee’s Business worldwide, all subject to the terms and conditions therein; and

 

		D.	Pursuant to the Investment and Framework Shareholders’ Agreement, dated 6 August 2015,
between Licensee, WH and Aharon Aran, Barak Matalon, Eliyahu Azur, Oded Gottfried and Pinhas Zehavi (together, the “Individuals”,
and each an “Individual”), which Individuals are shareholders of NeoPoint (the “Shareholder Agreement”),
the parties thereto agreed to amend and restate the Original Agreement in order to provide for additional and revised terms and
conditions as set forth herein.

 

     

     

    

 

NOW THEREFORE, IN CONSIDERATION OF
THE MUTUAL COVENANTS AND PROMISES HEREINAFTER SET FORTH, THE PARTIES AGREE AS FOLLOWS:

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	In this Agreement, the following expressions shall have the respective meanings assigned to them:

 

		Affiliate	means, as applied to any person, any other person directly or indirectly Controlling, Controlled
by or under common Control with, such person, except that NeoGames (including any person under its control) and NeoPoint (together
with the Licensor and any person under their control) shall not be deemed Affiliates of each other and NeoPoint and its Affiliates
should be deemed a separate group from NeoGames and its Affiliates for the purpose of this Agreement;

 

		Agreement	means this Amended and Restated Software License Agreement, the preamble and all the appendices,
schedules and exhibits that may be attached hereto;

 

	 	Assignment Event	has the meaning ascribed thereto in
    Section 9.2;

 

	 	Authorized Users	means all officers, directors and employees of a Party and its Affiliates; and partners, sub-licensees, agents, contractors, consultants and their respective employees that the Party and its Affiliates retain or grant any sublicense to, in connection with the use of the Mixed-Use Software;

 

		B2C	has the meaning set out in the Shareholder Agreement;

 

	 	B2C Online Lottery Business	has the meaning set out in the Shareholder Agreement;
	 	 	 
	 	B2G Customers	has the meaning set out in the Shareholder Agreement;
	 	 	 
	 	Business Day	means a day (excluding Fridays, Saturdays and Sundays) on which banks generally are open in the City of London, Luxembourg and Tel Aviv for the transaction of normal banking business;
	 	 	 
	 	Change of Control	has the meaning ascribed thereto in Section 9.2;

 

		Control	means, including, with correlative meanings, the terms “Controlling”, “Controlled
by” and “under common Control with”) the power to manage or direct the affairs of a person or entity, whether
by ownership of voting securities, by contract or otherwise;

 

     

     

    

 

	 	DBG System	shall mean a proprietary dedicated central system enabling the distribution of draw-based games through multiple digital channels, including without limitation, web and mobile deployment;

 

		Disposal	means any of the following: (i) selling, assigning, transferring or otherwise disposing of
rights in and to the Mixed-Use Software, (ii) creating or allowing to create any Encumbrance over the Mixed-Use Software,
(iii) other than in connection with the permitted use hereunder (including under Section 2 below), entering into any
agreement, arrangement or understanding in respect of any rights in and to the Mixed-Use Software, or (iv) assigning any right
in and to the Mixed-Use Software to a third party;

 

		Documentation	means all operations manuals, service manuals and any other written procedures, instructions, specifications,
documents or materials, in any form or media, that describe the functionality, installation, testing, operation, use, maintenance,
support, technical or other components, features or requirements of the Mixed-Use Software necessary to operate the Mixed-Use Software,
as well as all Source Code-related flow charts and technical documentation, including a description of the procedure for generating
object code, all of a level sufficient to enable a programmer reasonably fluent in such programming language to understand, build,
operate, support, maintain and develop modifications, upgrades, updates, adaptations, enhancements, new versions and other derivative
works and improvements of, and to develop computer programs compatible with, the Mixed-Use Software;

 

	 	Effective Date	means April 30, 2014;

 

		Encumbrance	has the meaning set out in the Shareholder Agreement;

 

	 	Excluded Damages	has the meaning set out in the Shareholder Agreement;

 

     

     

    

 

	 	Games Content	means the games that are used in the operation of the iLottery Business and the NeoPoint Business, including scratch card, instant win, table and casino games)
	 	 	 
	 	Gaming Business	has the meaning set out in the Shareholder Agreement;

 

		Group	has them meaning set out in the Shareholder Agreement;

 

	 	iGaming Modifications	means all modifications, corrections, repairs, translations, enhancements, customization, scale-up and other improvements and derivative works of the Mixed-Use Software, Documentation or Intellectual Property made by a Party, or for a Party by any Authorized User thereof, which is developed for use solely and exclusively in the NeoPoint Business;
	 	 	 
	 	iLottery Business	has the meaning ascribed thereto in the Recitals hereof and any other business conducted through the Group as envisaged or permitted by or pursuant to the Shareholder Agreement;
	 	 	 
	 	iLottery Modifications	means all modifications, corrections, repairs, translations, enhancements, customization, scale-up and other improvements and derivative works of the Mixed-Use Software, Documentation or Intellectual Property made by the Licensee, or for the Licensee by any Authorized User thereof, which is developed, in whole or in part, for use in the iLottery Business;

 

		Individual	has the meaning ascribed thereto in the Recitals hereof;

 

	 	Intellectual Property	has the meaning set out in the Shareholder Agreement;

 

		Licensee	has the meaning ascribed thereto in the Preamble hereof;

 

		Licensor	has the meaning ascribed thereto in the Preamble hereof;

 

	 	Maintenance Release	means any bug fix, update, upgrade release or other adaptation or modification of the Mixed-Use Software, including any updated Documentation or Intellectual Property;

 

     

     

    

 

	 	Mixed-Use Software	means such components of the software platform and games as are required in the operation of the iLottery Business and the NeoPoint Business and any Maintenance Releases issued thereto, and all copies of the foregoing;
	 	 	 
	 	NeoGames Competitors	means each of IGT, NYX/Scientific Games (subject to the provisions of Section ‎2.3), Novomatic, Intralot and IWG, and other companies as shall be agreed by NeoGames and NeoPoint in writing on a quarterly basis;
	 	 	 
		NeoPoint	has the meaning ascribed thereto in the Preamble hereof;
	 	 	 
	 	NeoPoint Business	means the design, development and implementation of products and services worldwide in the: (i) B2C related business, including Sports Business or Gaming Business; and (ii) B2C Online Lottery Business, subject to the limitations set forth in Part I, Section 1.1(b) of Schedule 6 of the Shareholders Agreement;
	 	 	 
	 	NeoPoint Group	means NeoPoint and each of its subsidiary undertakings from time to time;
	 	 	 
	 	NeoPoint Exclusivity Period	means with regard to any iGaming Modifications developed by the dedicated Licensors' development teams a period of 8 month following from the date upon which such modification is made available to NeoPoint customers on a materially bug-free basis (with any period during which any such material bugs affect such modification being added to the 8 month period), unless otherwise is mutually agreed upon by the Parties;
	 	 	 
	 	Original Agreement	has the meaning ascribed thereto in the Recitals hereof;
	 	 	 
	 	Party and Parties	has the meaning ascribed thereto in the Preamble hereof;
	 	 	 
	 	Permitted Use	means the right to copy, make, have made, modify, create derivative works of, correct, repair, translate, enhance, sub-license, market and promote, sell and offer to sell the right to use, distribute, reproduce, import, perform (publicly or otherwise), display (publicly or otherwise) and use the Mixed-Use Software, Documentation and Intellectual Property, by the Licensee and any Authorized User thereof;

 

     

     

    

 

		Person	means an individual, corporation, partnership, joint venture, Limited Liability Company, governmental
authority, unincorporated organization, trust, association or other entity;

 

	 	Platform Provider	means competitors of NeoPoint or the Licensor, including, Gaming Innovation Group, EveryMatrix, XCaliber, SkillOnNet and other companies as shall be agreed by NeoGames and NeoPoint in writing on a quarterly basis;
	 	 	 
	 	Restricted Competitor	means the companies that own and operate each of the following brands: Bet365, GVC (including LadCor), Stars Group (including SkyBet), Paddy Betfair, Kindred, 888, Caliente, FanDuel, DraftKings and Churchill Downs; and any entity holding 25% or more of the share capital of any of the above, or any entity, of which 25% of the share capital is held by any of the above;
	 	 	 
	 	Source Code	means the human readable source code of the Mixed-Use Software, in the programming language in which the Mixed-Use Software was written;
	 	 	 
	 	Sports Business	has the meaning set out in the Shareholder Agreement;

 

		Term	has the meaning ascribed thereto in Section 8.1 hereof;

 

		Trademarks	shall mean the registered or unregistered trademarks, trade names, logos and brands owned or used
by the Licensor or its Affiliates in connection with the Mixed-Use Software which are the subject of the Amended and Restated Trademark
Agreement of even date hereof between the Parties to this Agreement;

 

     

     

    

 

		Updates	shall mean a new or a revised version of the Mixed-Use Software that contains bug fixes and/or
minor enhancements or improvements (Updates are designated by a change in the number to the right of the decimal point in the version
number);

 

		Upgrades	shall mean any new version of the Mixed-Use Software that contains major enhancements and new features
(Upgrades are designated by a change in the number to the left of the decimal point in the version number);

 

	 	WH Exclusivity Period	means with regard to the WH Modifications that are related to the Sports Business, a period of 8 month following from the date upon which such modification is made available to William Hill customers on a materially bug-free basis (with any period during which any such material bugs affect such modification being added to the 8 month period), unless otherwise is mutually agreed upon by the Parties;
	 	 	 
	 	WH Group	has the meaning set out in the Shareholder Agreement.
	 	 	 
	 	WH Modifications	means certain enhancements, customization, scale-up and other improvements and derivative works of the Mixed-Use Software, Documentation or Intellectual Property made by NeoGames or any Authorized User thereof for WH;

 

		1.2	The recitals contained in the preamble of this Agreement form part of this Agreement and shall
be taken into account in the interpretation and construction of this Agreement.

 

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

 

		1.4	In this Agreement, if the context so requires, references to the singular shall include the plural
and vice versa.

 

		1.5	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.

 

		1.6	If any provision in a definition is a substantive provision conferring rights or imposing obligations
on any Party, notwithstanding that it is only in the definition clause, effect shall be given to it as if it were a substantive
provision in the body of the Agreement.

 

     

     

    

 

		2.	GRANT OF LICENSE

 

		2.1	The Licensor hereby grants to the Licensee a prepaid, perpetual,
irrevocable, royalty-free, exclusive (subject to the terms of Section ‎2.3
below) license or sublicense, as applicable, with right to sub-license, to:

 

make
Permitted Use of the Mixed-Use Software, Documentation and Intellectual Property associated therewith, excluding Trademarks, for
the sole purpose of and to the extent required to: (i) facilitate the iLottery Business worldwide, (ii) design, develop
and implement online gaming, lottery or sports products and services for customers who are business-to-business corporate
customers ("B2B Customers") in the Gaming Business and Sports Business in the United States, (iii) grant
a sub-license to WH in the B2C Scenario (as defined below) in the Gaming Business and Sports Business, and (iv) design, develop
and implement the Games Content for customers worldwide, except for customers who are Platform Providers or white label companies
which are competitors of NeoPoint or the Licensor, using any and all media, and all in accordance with the terms and conditions
of this Agreement, provided that, NeoGames will not be permitted to design, develop and implement casino and slots content
to games aggregators. For the avoidance of doubt, NeoGames will be able to offer Games Content, subject to the limitation above,
directly to operators working on NYX platform, but will not be able to offer it to NYX for its OGS solution. For the sake of clarity
nothing shall prevent the Licensee from integrating third party gaming content providers or betting engine solutions into its player
account management system if requested to do so by its customers.

 

“B2C Scenario”
shall be defined as any instance where (i) WH is operating in under its own brand or brands, or (ii) in the United States,
with a limitation of up to three brands per State (the "Third Party Brands"); 1) where it has licensed a third
party brand, or, 2) where it has taken an equity stake in a business, or formed a joint venture, to operate in certain markets
under the Third Party Brand or brands, or (iii) in the rest of the world, where it has contracted to operate a Third Party
Brand, where WH is being fully responsible for new customer acquisition, or taken an equity stake in a business, with a limitation
to a single brand per country. For the first 24 months from 1 June 2018 the B2C Scenario shall only be applicable to the United
States, South America, Italy and Spain, but thereafter it shall apply globally.

 

     

     

    

 

		2.2	Within the scope of the licence granted under Section 2.1 above and, without in any
way limiting the licence granted under Section 2.1, the Licensee has the right and license to do each of the following
acts for or in connection with the Permitted Use:

 

		(i)	install, execute and run such number of copies of the Mixed-Use Software as may be necessary or
useful to facilitate the Permitted Use;

 

		(ii)	have Authorized Users access and use the Mixed-Use Software, including the Source Code thereof,
by any means whatsoever;

 

		(iii)	have Authorized Users deposit the Source Code of the Mixed-Used Software and any modification in
escrow with a third party escrow agent, which may be released to the third party licensees in the events of Change of Control in
NeoGames or the termination of the underlying sub-license agreement;

 

		(iv)	use the Mixed-Use Software in both Source Code and object code forms as needed;

 

		(v)	reverse engineer, adapt, develop, modify, enhance or otherwise prepare derivative works or improvements
of the Mixed-Use Software (in object code and Source Code form) and make any related modifications to the Documentation, and use
all resulting modifications as may be necessary or useful to facilitate the Permitted Use;

 

		(vi)	grant any and all such sublicenses as may be required to authorize any Authorized Users to perform
all necessary services in connection with the Permitted Use;

 

		(vii)	train Authorized Users in any and all uses of the Mixed-Use Software and Documentation; and

 

		(viii)	have Authorized Users perform any and all necessary acts in connection with the Mixed-Use Software
as contemplated in sub-Sections 2.2(i) through 2.2(vi) above, including the provision of any service that
is reasonably incidental to the operation of the Mixed-Use Software for the Permitted Use.

 

		2.3	The license granted to NeoGames under Section ‎2.1
shall not exclude the Licensor or NeoPoint from: (i) making Permitted Use (including all uses set out in Section ‎2.2)
of the Mixed-Use Software, Documentation and Intellectual Property associated therewith, and (ii) marketing and promoting
the Mixed-Use Software in any form of media, both online and offline, for the purpose of and to the extent required to: (a) facilitate
the NeoPoint Business worldwide, (b) design, develop and implement online gaming, lottery or sports products and services
for B2G Customers in the iLottery Business worldwide except for the United States, and (c) offer the Games Content to customers
worldwide except for B2G Customers in the United States and for customers who are providers of iLottery content which are NeoGames
Competitors, using any and all media, and all in accordance with the terms and conditions of this Agreement, and all in accordance
with the terms and conditions of this Agreement, provided that, NeoPoint and Licensor will not be permitted to design, develop
and implement scratch and instant content to games aggregators. For the avoidance of doubt, NeoPoint and Licensor will be able
to offer Games Content, subject to the limitation above, directly to operators working on NYX platform, but will not be able to
offer it to NYX for its OGS solution.

 

     

     

    

 

		3.	CONSIDERATION

 

The Parties acknowledge that
in consideration for fulfilment of the Licensor’s obligations hereunder, the Licensee has paid the Licensor an amount of
US$ 100,000, pursuant to the Framework Agreement by and between (inter alia) the Licensee and the Licensor, dated as of
April 24, 2015, which shall constitute the sole and exclusive consideration payable by the Licensee to the Licensor hereunder.

 

		4.	INTEGRATION

 

		4.1	The scope of the delivery of the Mixed-Use Software to the Licensee, including customization and
quality assurance, shall be detailed in Schedule “A” to the Original Agreement. The Mixed-Use Software shall be provided
as a service and solution hosted and installed on Licensee’s servers and integrated with the Licensee’s platform (“Integration”).

 

		4.2	The Licensor shall provide the Licensee with complete and accurate Documentation (in both hard
copy and electronic form) of the Mixed-Use Software prior to or concurrently with the Integration. The Documentation shall include
all technical and functional specifications and other such information as may be reasonably necessary or desirable for the effective
installation, testing and use of the Mixed-Use Software.

 

		5.	CONFIDENTIALITY

 

The confidentiality and announcement
obligations and provisions set out in the Shareholder Agreement in connection with the Shareholder Agreement shall apply mutatis
mutandis to the information and know how furnished by a signatory or its representatives to another, including the existence of
this Agreement and the terms and conditions hereof.

 

		6.	INTELLECTUAL PROPERTY

 

		6.1	Each Party shall retain the rights to any Intellectual Property owned by it or licensed to it as
of the Effective Date, subject to the licenses granted pursuant to this Agreement.

 

     

     

    

 

 

		6.2	All rights, title and interest of whatever nature in and to all Intellectual Property in any iLottery
Modification and WH Modifications (subject to the WH Modifications Restriction) shall be the sole and exclusive property of NeoGames.
The Licensor and NeoPoint for and on behalf of the wider NeoPoint Group acknowledge that, as between themselves and NeoGames, they
shall not acquire any right in and to any Intellectual Property in the iLottery Modifications or the WH Modifications.

 

		6.3	NeoGames hereby grants to NeoPoint and Licensor a prepaid, irrevocable,
royalty-free, exclusive (subject to Section ‎6.4
below) license or sublicense, as applicable, with right to sub-license, to:

 

make
Permitted Use of the iLottery Modifications, the WH Modifications except during the WH Exclusivity Period, and the Documentation
and Intellectual Property associated therewith, for the sole purpose of and to the extent required to: (a) facilitate the
NeoPoint Business worldwide, (b) design, develop and implement online gaming, lottery or sports products and services
for B2G Customers in the iLottery Business worldwide except for the United States, and (c) offer the Games Content to customers
worldwide except for B2G Customers in the United States and for customers who are providers of iLottery content which are NeoGames
Competitors, using any and all media, and all in accordance with the terms and conditions of this Agreement, and all in accordance
with the terms and conditions of this Agreement, provided that, NeoPoint and Licensor will not be permitted to design, develop
and implement scratch and instant content to games aggregators. For the avoidance of doubt, NeoPoint and Licensor will be able
to offer Games Content, subject to the limitation above, directly to operators working on NYX platform, but will not be able to
offer it to NYX for its OGS solution

 

Provided
always that, neither NeoGames, NeoPoint nor the Licensor shall make available the WH Modifications to any Restricted
Competitor (the "WH Modifications Restriction").

 

		6.4	The license granted to NeoPoint and Licensor under Section ‎6.3
shall be exclusive within the scope of NeoPoint Business and shall expire upon the consummation of an Assignment Event.

 

		6.5	For the avoidance of any doubt, no right is hereby granted to NeoPoint and the Licensor in and
to the DBG System, pertaining to which all rights, title and interest of whatever nature shall be the sole and exclusive property
of NeoGames.

 

		6.6	The Licensor hereby undertakes to and NeoPoint undertakes to procure that all members of the NeoPoint
Group will assign, and do hereby assign, to NeoGames, any rights, title or interest that Licensor or any member of the NeoPoint
Group may have in and to any iLottery Modification, to the extent that Licensor or any member of the NeoPoint Group may have such
right, title or interest, such that NeoGames shall be the owner of all rights, title and interest in any and all Intellectual Property
in the iLottery Modifications. Upon NeoGames’s request, the Licensor or any member of the NeoPoint Group shall execute all
documents and do all such acts as NeoGames may require to perfect the right, title and interest of NeoGames in and to the iLottery
Modifications.

 

    

     

    

 

		6.7	All rights, title and interest of whatever nature in and to all Intellectual Property in any iGaming
Modification shall be the sole and exclusive property of NeoPoint or the Licensor. NeoGames, including for and on behalf of its
Affiliates, acknowledges that, as between themselves and NeoPoint and the Licensor, they shall not acquire any right in and to
any Intellectual Property in the iGaming Modifications.

 

		6.8	The Licensor hereby grants to NeoGames a prepaid, perpetual, irrevocable,
royalty-free, exclusive (subject to Section ‎‎6.9
below) license or sublicense, as applicable, with right to sub-license, to:

 

make
Permitted Use of the iGaming Modifications, Documentation and Intellectual Property associated therewith, for the sole purpose
of and to the extent required to: (i) facilitate the iLottery Business worldwide, (ii) design, develop and implement
online gaming, lottery or sports products and services for customers who are B2B Customers in the Gaming Business and Sports
Business in the United States, (iii) except during the NeoPoint Exclusivity Period, grant a sub-license to WH in the B2C Scenario
in the Gaming Business and Sports Business, and (iv) design, develop and implement the Games Content for customers worldwide,
except for customers who are Platform Providers or white label companies which are NeoPoint Competitors, using any and all media,
and all in accordance with the terms and conditions of this Agreement, provided that, NeoGames will not be permitted to
design, develop and implement casino and slots content to games aggregators. For the avoidance of doubt, NeoGames will be able
to offer Games Content, subject to the limitation above, directly to operators working on NYX platform, but will not be able to
offer it to NYX for its OGS solution.

 

		6.9	The Parties acknowledge and agree that the license granted in this clause 6 will terminate upon
the consummation of either an Assignment Event or a Change of Control.

 

		7.	WARRANTIES, REPRESENTATIONS AND UNDERTAKINGS

 

		7.1	Each of the Parties warrant, represent and undertake to the other Parties as follows:

 

    

     

    

 

		(i)	It is duly incorporated, organized and validly existing under the laws of its jurisdiction of incorporation;

 

		(ii)	It has good and sufficient capacity, power, authority and right to enter into, execute and deliver
this Agreement, to complete the transactions contemplated hereby and to duly observe and perform the covenants and obligations
contained herein;

 

		(iii)	All necessary corporate action has been taken by Licensor to authorize and approve the execution
and delivery of this Agreement, the completion of the transactions contemplated hereby and the observance and performance of the
covenants and obligations contained herein; and

 

		(iv)	The rights granted herein are free and clear of any Encumbrance as of the Effective Date and shall
remain so throughout the Term and the Licensor shall not place any Encumbrance on its rights in and to the Mixed-Use Software and
any other rights licensed to the Licensee hereunder unless requested by the Licensee and or WH and or permitted by Clause 6 of
the Shareholder Agreement.

 

		7.2	Each of NeoPoint and the Licensor warrant, represent and undertake to the Licensee as follows:

 

		(i)	It is duly incorporated, organized and validly existing under the laws of Gibraltar and Malta,
respectively;

 

		(ii)	The Licensor is a wholly owned subsidiary undertaking of NeoPoint and no rights exist to allot
shares in the Licensor to a person other than NeoPoint;

 

		(iii)	It has good and sufficient capacity, power, authority and right to enter into, execute and deliver
this Agreement, to complete the transactions contemplated hereby and to duly observe and perform the covenants and obligations
contained herein;

 

		(iv)	All necessary corporate action has been taken by NeoPoint to authorize and approve the execution
and delivery of this Agreement, the completion of the transactions contemplated hereby and the observance and performance of the
covenants and obligations contained herein; and

 

		(v)	It has the right to grant the rights granted herein and the Mixed-Use Software and the Licensee’s
contemplated use thereof under this Agreement, to the actual knowledge of the Licensor, do not infringe any right of any third
party, including any Intellectual Property rights;

 

		(vi)	The rights granted herein are free and clear of any Encumbrance as of the Effective Date and shall
remain so throughout the Term and NeoPoint shall not place any Encumbrance on its rights in and to the Mixed-Use Software and any
other rights licensed to Licensee hereunder unless permitted by the terms of the Shareholder Agreement.

 

    

     

    

 

		7.3	The Licensee further warrants, represents and undertakes to NeoPoint and the Licensor that the
Licensee's use of the Mixed-Use Software pursuant to the terms of this Agreement, will be conducted in accordance with any applicable
legislation and will not infringe any right of third parties, including Intellectual Property rights.

 

		7.4	As
                                         between NeoGames, NeoPoint and the Licensor, each of them warrants, represents and undertakes
                                         to each other that it would avoid any sales and other solicitation activities with the
                                         existing portfolio of customers of each other, respectively.

 

		8.	TERM & TERMINATION

 

		8.1	Unless terminated in accordance with the provisions hereof, this Agreement shall be in effect from
the Effective Date in perpetuity (the “Term”).

 

		8.2	This Agreement shall not terminate other than by an agreement of
the signatories to this Agreement in writing. Subject to Section ‎11
below, a signatory to this Agreement’s sole remedy for breach of this Agreement by any other signatory is enforcement of
its rights under this Agreement via specific performance or other equitable remedy or by a damages claim, and no right of rescission
will apply.

 

		8.3	Termination of this Agreement shall not affect or terminate any accrued rights or liabilities of
any signatory to this Agreement.

 

		9.	Licensor COVENANTS

 

		9.1	Neither NeoPoint nor the Licensor shall, and each shall ensure that none of their Affiliates, license
or sublicense the Mixed-Use Software, Documentation or Intellectual Property associated therewith to a competitor of the Licensee
or otherwise permit a competitor of the Licensee to use or access the Mixed-Use Software, Documentation or Intellectual Property
associated therewith.

 

		9.2	In accordance with the Licensee's right under the "Mixed-Used Software" letter dated
April 24 2015 (with an irrevocable undertaking by NeoGames not to exercise any right under such letter other than in accordance
with this Agreement), NeoPoint and the Licensor hereby assigns to the Licensee all rights, title and interest in and to the Mixed-Use
Software, Documentation and Intellectual Property that are the subject of this Agreement and associated therewith, in the event
any of the following events occurs:

 

		(i)	any of the following events is completed, to the extent consummated prior to the WH Rights Change
Date (as defined in the Shareholders Agreement): (a) the sale, lease, assignment, transfer or other disposition of (1) all
or substantially all of the assets of NeoPoint or the Licensor or (2) any business unit or division of NeoPoint or the Licensor,
which includes the Mixed-Use Software, Documentation and Intellectual Property associated therewith, (b) a third party acquisition
or other disposition of the majority of the equity interests of NeoPoint or Licensor, whether directly or indirectly or (c) an
acquisition by a third party of control over NeoPoint or Licensor by consolidation, merger or other reorganization or any other
similar transaction (each, a “Change of Control”); or

 

    

     

    

 

		(ii)	the occurrence of any of Call Option One Completion or Call Option Two Completion, a Listing (to
the extent the underwriters require to assign the Mixed-Use Software for the purpose of such Listing), the consummation of an acquisition
by a member of the WH Group of all the shares in the Licensee not owned by WH (or another member of the WH Group) at the date hereof,
or if requested by such third party pursuant to the terms of a binding agreement with it the consummation of an acquisition of
all the shares of the Licensee by a third party pursuant to Schedule 8 of the Shareholder Agreement (each such terms are as
defined in the Shareholder Agreement and, are together with a Change of Control, an “Assignment Event”).

 

		9.3	Upon the occurrence of an Assignment Event:

 

		(i)	upon the Licensee’s request, the Licensor and NeoPoint shall execute all documents and do
all such acts as the Licensee may reasonably require to perfect and transfer in full the rights, title and interest of the Licensee
in and to the Mixed-Use Software, Documentation and Intellectual Property associated therewith;

 

		(ii)	the Licensee will provide a duplicate copy of the Mixed-Use Software, in both Source Code and object
code forms, to the Licensor including and incorporating the iGaming Modifications, iLottery Modifications and WH Modifications
(excluding within the WH Exclusivity Period and subject always to the WH Modifications Restriction) (developed up to the occurrence
of the Assignment Event), Documentation and Intellectual Property (the “Copy”); and

 

		(iii)	NeoPoint and the Licensor shall each become the owner of the Copy and the Licensee will grant NeoPoint
and the Licensor with the following right and license in respect thereof:

 

		(a)	a prepaid, perpetual, irrevocable, royalty-free, worldwide, exclusive license or sublicense, as
applicable, with right to sub-license, to:

 

    

     

    

 

make
Permitted Use of the Copy, for the sole purpose of and to the extent required: (i) to facilitate the NeoPoint Business
worldwide, (ii) design, develop and implement online gaming, lottery or sports products and services for B2G Customers in
the iLottery Business worldwide except for the United States, and (iii) offer the Games Content to customers worldwide, except
for B2G Customers in the United States and for customers who are providers of iLottery content which are NeoGames Competitors,
using any and all media, and all in accordance with the terms and conditions of this Agreement, and all in accordance with the
terms and conditions of this Agreement, provided that, NeoPoint and Licensor will not be permitted to design, develop and
implement scratch and instant content to games aggregators. For the avoidance of doubt, NeoPoint and Licensor will be able to offer
Games Content, subject to the limitation above, directly to operators working on NYX platform, but will not be able to offer it
to NYX for its OGS solution.

 

		(b)	within the scope of the licence granted under Section 9.3 above and, without in any way limiting
the licence granted under Section 9.3, each of the Licensor and NeoPoint has the right and license to do each of the following
acts for or in connection with the use:

 

		I.	install, execute and run such number of copies of the Mixed-Use Software as may be necessary or
useful to facilitate the Permitted Use;

 

		II.	have Authorized Users access and use the Mixed-Use Software, including the Source Code thereof,
by any means whatsoever;

 

		III.	have Authorized Users deposit the Source Code of the Mixed-Used Software and any modification in
escrow with a third party escrow agent, which may be released upon the occurrence of customary release events;

 

		IV.	use the Mixed-Use Software in both Source Code and object code forms as needed;

 

		V.	reverse engineer, adapt, develop, modify, enhance or otherwise prepare derivative works or improvements
of the Mixed-Use Software (in object code and Source Code form) and make any related modifications to the Documentation, and use
all resulting modifications as may be necessary or useful to facilitate the Permitted Use;

 

		VI.	grant any and all such sublicenses as may be required to authorize any Authorized Users to perform
all necessary services in connection with the Permitted Use;

 

		VII.	train Authorized Users in any and all uses of the Mixed-Use Software and Documentation; and

 

    

     

    

 

		VIII.	have Authorized Users perform any and all necessary acts in connection with the Mixed-Use Software
as contemplated in sub-Sections 9.3(ii)(b)I. through 9.3(ii)(b)VII. above, including the provision of any service that is reasonably
incidental to the operation of the Mixed-Use Software for the use.

 

		(c)	NeoPoint and the Licensor further warrant, represent and undertake to the Licensee that the use
of the Copy pursuant to the terms of this Agreement, will be conducted in accordance with any applicable legislation and will not
infringe any right of third parties, including Intellectual Property rights.

 

		(d)	The Licensee undertakes to the Licensor and NeoPoint that there will be no Disposal or assignment
intra-group or otherwise of all or any part of the Licensee’s rights in and to the Copy.

 

		9.4	As of the Effective Date and until the end of the twelfth (12th) month as of the consummation
of an Assignment Event, NeoGames shall provide to NeoPoint and the Licensor support and maintenance services with regard to the
Copy, which services shall include, without limitation, provision of bug fixes, Updates and Upgrades whenever such are provided
to NeoGames’ other customers or with regard to bug fixes, whenever so requested by NeoPoint or the Licensor (“Support
Services”). NeoGames shall be entitled to receive a reimbursement for costs and expenses it incurs in connection with
the Support Services (including a certain mark-up) as shall be agreed upon by the Parties in writing from time to time.

 

		9.5	Following the consummation of an Assignment Event, the allocation of the rights, including Intellectual
Property rights, in and to any modifications, corrections, repairs, translations, enhancements, customization, scale-up and other
improvements and derivative works of the Mixed-Use Software, Documentation or Intellectual Property, shall be regulated in accordance
with the Amended and Restated Transition Services Agreement signed by NeoGames, NeoPoint and WH as of 6 August 2015.

 

		9.6	NeoPoint and the Licensor each undertakes to and NeoPoint undertakes to procure that each member
of the NeoPoint Group adhere to the terms of and acknowledge and agree with WH from the date hereto that the restrictive covenants
set forth in Part 1 of Schedule 6 to the Shareholder Agreement (other than clauses 3, 5 and 6 thereof) which apply to
the Individual Shareholders shall apply to each of them and each member of the NeoPoint Group mutatis mutandis until the earlier
of: (a) the applicable period set out clause 2 Part 1 of Schedule 6 to the Shareholder Agreement; or (b)  an
Assignment Event, as if the provisions were repeated in full in this Agreement.

 

    

     

    

 

		10.	NO DISPOSAL

 

During the Term, prior to the
WH Rights Change Date, the Licensor and NeoPoint each undertakes to the Licensee that there will be no Disposal or assignment intra-group
or otherwise of all or any part of Licensee’s rights in and to the Mixed-Use Software, other than in compliance with Section 9.2.

 

		11.	INDEMNIFICATION AND LIMITATION OF LIABILITY

 

		11.1	The Licensor will defend at its own expense and indemnify the Licensee against direct costs and
damages finally imposed by a court of law and incurred by the Licensee in excess of any sums the Licensee is entitled to receive
under any insurance policy, arising out of any claim or action brought against the Licensee by a third party to the extent that
such action is based on a claim or allegation that the Mixed-Use Software or the permitted use thereof by the Licensee infringe
such third party’s Intellectual Property. The abovementioned indemnification obligations shall also apply to NeoGames in
respect of the iLottery Modifications and WH Modifications as if NeoGames is the Licensor and the Mixed Use Software is the iLottery
Modifications and WH Modifications.

 

		11.2	The Licensor’s indemnification obligations under this Section 11 are conditional
upon the Licensee promptly notifying the Licensor in writing of any relevant claim or allegation made against the Licensee (provided,
however, that the failure to provide such notice shall not relieve the Licensor of its indemnification obligations hereunder, except
to the extent of any material prejudice to the Licensor as a direct result of such failure), allowing the Licensor to take over
conduct of any such claim on the Licensee’s behalf, cooperating with all reasonable requests from the Licensor relating to
the defence and resolution of such claim and not settling or disposing of such claim without the Licensor’s prior written
consent, such not to be unreasonably withheld or delayed.

 

		11.3	Should the Licensee become the subject of a claim for infringement of any Intellectual Property
Right in relation to the Mixed-Use Software, or if the Licensor or the Licensee reasonably believe that the Licensee may become
the subject of such a claim, the Licensor may, at its own discretion on the basis of reasonable commercial considerations, select
one of the following two remedies:

 

		(i)	procure for the Licensee at no additional cost to the Licensee the right to continue using the
allegedly infringing component of the Mixed-Use Software on terms reasonably similar to the terms set out in this Agreement;

 

		(ii)	replace or modify the allegedly infringing component of the Mixed-Use Software in a manner which
makes the use thereof non infringing without compromising the functionality or performance of the Mixed-Use Software; or

 

    

     

    

 

		(iii)	remove the allegedly infringing component of the Mixed-Use Software, provided that such removal
does not lead to an adverse impact on the Licensee’s use of the Mixed-Used License as contemplated in this Agreement.

 

		11.4	The indemnity set out in this Section 11 does not cover claims to the extent arising
from:

 

		(i)	the combination of any component of the allegedly infringing component of the Mixed-Use Software
with products, software, data or services not provided by the Licensor to be used by the Licensee with the Mixed-Use Software;

 

		(ii)	the unauthorised modification, in any way or form, of any component of the Mixed-Use Software by
any person;

 

		(iii)	use of the allegedly infringing component of the Mixed-Use Software, if the alleged infringement
could have been avoided by the use of a different version (which does not lead to an adverse impact on the quality thereof) made
available to the Licensee by the Licensor pursuant to Section 11.3, at no additional cost to the Licensee, by the Licensor
in a timely manner and Licensee has unreasonably refused to use the non-infringing version;

 

		(iv)	components of the allegedly infringing component of the Mixed-Use Software complying with or are
based upon specifications or other information provided solely by or at the Licensee’s direction; or

 

		(v)	the misuse of the allegedly infringing component of the Mixed-Use Software in a manner not permitted
or contemplated by this Agreement.

 

		11.5	Subject to Section 11.6 (Limitation of Liability), this Section 11 states
the entire liability of Licensor with respect to infringement of any third-party Intellectual Property and Licensor shall have
no additional liability under contract, tort, warranty or any other legal theory with respect to any alleged or proven infringement.

 

		11.6	TO THE EXTENT PERMITTED UNDER APPLICABLE LAW AND EXCEPT FOR ANY LIABILITY IN CONNECTION WITH: (I) INFRINGEMENT
OF INTELLECTUAL PROPERTY, (II) BREACH OF CONFIDENTIALITY OR (III) FRAUD, BODILY INJURY OR DEATH, IN NO EVENT SHALL
EITHER PARTY BE LIABLE TO THE OTHER FOR ANY EXCLUDED DAMANGES.

 

    

     

    

 

		12.	GOVERNING
                                         LAW AND JURISDICTION

 

		12.1	This
                                         agreement (and any dispute, controversy, proceedings or claim of whatever nature arising
                                         out of or in any way relating to this Agreement or its formation) shall be governed by
                                         and construed in accordance with English law.

 

		12.2	Save
                                         where expressly provided in this Agreement, each signatory to this Agreement irrevocably
                                         agrees that the courts of London, England shall have exclusive jurisdiction to hear and
                                         decide any suit, action or proceedings, and/or to settle any disputes, which may arise
                                         out of or in any way relate to this Agreement (respectively, “Proceedings”
                                         and “Disputes”) and, for these purposes, each signatory to this Agreement
                                         irrevocably submits to the jurisdiction of the courts of London, England.

 

		12.3	Each
                                         signatory to this Agreement irrevocably waives any objection which it might at any time
                                         have to the courts of England being nominated as the forum to hear and decide any Proceedings
                                         and to settle any Disputes and agrees not to claim that the courts of England are not
                                         a convenient or appropriate forum for any such Proceedings or Disputes and further irrevocably
                                         agrees that a judgment in any Proceedings or Disputes brought in any court referred to
                                         in this Section 12 shall be conclusive and binding upon the signatories to
                                         this Agreement and may be enforced in the courts of any other jurisdiction.

 

		12.4	Without
                                         prejudice to any other permitted mode of service the signatories to this Agreement agree
                                         that service of any claim form, notice or other document (“Documents”)
                                         for the purpose of any Proceedings begun in England shall be duly served upon it if delivered
                                         personally or sent by recorded or special delivery post (or any substantially similar
                                         form of mail), in the case of:

 

		(i)	the
                                         Licensor to [Ÿ] (marked for the attention
                                         of [Ÿ]);

 

		(ii)	NeoPoint
                                         to [Ÿ] (marked for the attention of
                                         [Ÿ]);

 

		(iii)	the
                                         Licensee to [Ÿ] (marked for the attention
                                         of [Ÿ]); and

 

		(iv)	WH
                                         to William Hill PLC, Greenside House, 50 Station Road, Wood Green, London N22 7TP (marked
                                         for the attention of [General Counsel]),

 

or such other person and address
in England and/or Wales as any signatory to this Agreement shall notify the other signatories in writing from time to time.

 

    

     

    

 

		13.	ASSIGNMENT

 

The Licensor and Neopoint may
not assign this Agreement in whole or in part, without the Licensee’s prior written consent. Notwithstanding the forgoing,
following the earlier of an WH Rights Change Date or an Assignment Event, Licensor and Neopoint may assign its rights in and to
the Copy to a third party, including an Affiliate, and shall use commercially reasonable endeavours to notify the Licensee of
such assignment as promptly as practical after such assignment. The Licensee may assign this Agreement to a third party, including
an Affiliate, and shall use commercially reasonable endeavours to notify the Licensor and NeoPoint of such assignment as promptly
as practical after such assignment.

 

		14.	FORCE
                                         MAJEURE

 

The term “Force Majeure”
in respect of a Party means an event beyond the reasonable control of that Party without the fault or negligence of that Party,
including acts of God, acts of government, fire, flood or storm damage, earthquakes, labour disputes, war or riot.

 

		14.1	Neither
                                         Party shall be responsible for delay in performing any obligation under this Agreement
                                         within the time limit required for such performance, due to Force Majeure affecting that
                                         Party, provided that notice thereof is given to the other Party within ten (10) days
                                         after such event has occurred.

 

		14.2	Upon
                                         the occurrence of a Force Majeure event, and with proper notice as set forth above, such
                                         schedule or time-limit for performance shall be extended accordingly, provided that the
                                         Party wishing to rely upon the Force Majeure event makes commercially reasonable efforts
                                         to minimize such delay.

 

		15.	WAIVER

 

		15.1	There
                                         shall be no waiver of any term, provision or condition of this Agreement unless such
                                         waiver is evidenced in writing and signed by the waiving party.

 

		15.2	No
                                         omission or delay on the part of any party hereto in exercising any right, power or privilege
                                         hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
                                         of any such right, power or privilege preclude any other or further exercise thereof
                                         or the exercise of any other right, power or privilege. The rights and remedies herein
                                         provided are cumulative with and not exclusive of any rights or remedies provided by
                                         law, unless the context dictates otherwise (including as set out in Section 11 above).

 

    

     

    

 

		16.	NOTICES

 

		16.1	Any
                                         notice, demand, communication or other document requiring to be given or served under
                                         or in connection with the matters contemplated by this Agreement shall be in English
                                         in writing and shall be, in the case of the following signatories delivered personally
                                         or prepaid first class recorded delivery post recorded delivery post (air mail if posted
                                         to or from a place outside the United Kingdom) or by email:

 

In the case of the Licensor
to:

 

		Address:	High Street 135 Sliema, Malta,
                                         SLM1549

 

		Attention:	Tsachi Maimon

 

		Email:	tsachi@aspireglobal.com

 

In the
case of NeoPoint to:

 

		Address:	High
                                         Street 135 Sliema, Malta, SLM1549

 

		Attention:	Tsachi Maimon

 

		Email:	tsachi@aspireglobal.com

 

In the
case of the Licensee to:

 

		Address:	Habarzel St 10, Tel Aviv

 

		Attention:	Ilan Rosen

 

		Email:	ilan@neogames.com

 

In the
case of WH to:

 

		Address:	1
                                         Bedford Ave, Fitzrovia, London WC1B 3AU, UK Attention: Crispin Nieboer and Harry Willits

 

Email:
cnieboer@williamhill.co.uk and hwillits@williamhill.co.uk

 

		16.2	Any
                                         signatory to this Agreement may (or will, if the person set out above leaves their respective
                                         employment with the Licensor, NeoGames, the Licensee or WH) notify the other signatories
                                         to this Agreement of a change to its name, relevant addressee, address or email address
                                         for the purposes of Section 16.1 provided that such notification shall only
                                         be effective on:

 

		(i)	the
                                         date specified in the notification as the date on which the change is to take place;
                                         or

 

		(ii)	if
                                         no date is specified or the date specified is less than five Business Days after the
                                         date on which notice is deemed to have been given pursuant to Section 16.4,
                                         the date falling five Business Days after notice of any such change has been given.

 

		16.3	The
                                         signatories to this Agreement will procure that a copy of any notice, demand, communication
                                         or other document served is also delivered to Gibson, Dunn & Crutcher LLP FAO:
                                         Jonathan Earle (JEarle@gibsondunn.com), Telephone House, 2-4 Temple Avenue, London
                                         EC4Y 0HB and Herzog Fox Neeman, FAO: Gil White (white@hfn.co.il) or Ran Hai (hair@hfn.co.il)
                                         Asia House, 4 Weizman Street, Tel Aviv, Israel 64239 at the same time and in the
                                         same manner as delivered pursuant to Section 16.1. Such copies shall not
                                         constitute a notice.

 

    

     

    

 

		16.4	Notice
                                         will be deemed served:

 

		(i)	if
                                         sent by first class post, the second Business Day after posting;

 

		(ii)	if
                                         sent by airmail, the fifth Business Day after posting; and

 

		(iii)	if
                                         sent by e-mail, the date the e-mail is sent, provided that the e-mail is sent correctly
                                         to the relevant e-mail address.

 

		17.	SURVIVAL

 

Any provisions hereof which
expressly or by their nature are required to survive termination or expiration of this Agreement in order to achieve their purpose
shall so survive until it shall no longer be necessary for them to survive in order to achieve that purpose.

 

		18.	SEVERABLITY

 

If any provision of this agreement
is or becomes invalid, illegal or unenforceable in any respect under the law of any jurisdiction:

 

		18.1	the
                                         validity, legality and enforceability under the law of that jurisdiction of any other
                                         provision; and

 

		18.2	the
                                         validity, legality and enforceability under the law of any other jurisdiction of that
                                         or any other provision,

 

shall not be affected or impaired
in any way.

 

		19.	AMENDMENTS

 

No modification or other amendment
to this Agreement shall be valid unless reduced to writing and signed by all signatories to this Agreement.

 

		20.	COUNTERPARTS

 

		20.1	This
                                         Agreement may be executed in any number of counterparts which together shall constitute
                                         one agreement. Any signatory may enter into this Agreement by executing a counterpart
                                         and this Agreement shall not take effect until it has been executed by all signatories.

 

		20.2	Delivery
                                         of an executed signature page of a counterpart by facsimile transmission or in AdobeTM
                                         Portable Document Format (PDF) sent by electronic mail shall take effect as delivery
                                         of an executed counterpart of this Agreement.

 

    

     

    

 

		21.	MERGER

 

This Agreement, together with
any documents referred to herein, including the Shareholder Agreement, constitute the whole agreement between the Parties relating
to the subject matter hereof and thereof and supersede and extinguish any prior drafts, agreements (including the Original Agreement
but excluding "Mixed-Used Software" letter dated April 24 2015 (subject to the undertaking not to use such letter
not in accordance with this Agreement as set out in Section 9.2 above)), undertakings, representations, warranties and arrangements
of any nature, whether in writing or oral, relating to such subject matter.

 

		22.	RELATED
                                         PARTY

 

The signatories agree that this
Agreement is a Related Party Agreement for the purposes of the Shareholder Agreement and that the enforcement or variation of
it and the rights granted to the Licensee will be subject to the involvement of WH in accordance with the terms of the Shareholders
Agreement. Notwithstanding anything herein to the contrary, upon the expiry of WH's rights with respect to this agreement under
clause 5.4 or clause 9.1.18 of the Shareholders Agreement, WH shall not be deemed a signatory to this Agreement and any rights
granted to it hereunder (including pursuant to Section 9 and in respect of the amendment of this Agreement) shall simultaneously
expire and be of no longer force and effect.

 

		23.	GUARANTEE

 

		23.1	NeoPoint:

 

		(i)	irrevocably
                                         and unconditionally guarantees to the Licensee and WH the due and punctual performance
                                         and observance by the Licensor of all of its obligations under the Agreement; and

 

		(ii)	agrees
                                         to pay as debt obligation all loss, liabilities, costs and expenses incurred arising
                                         from any failure of the Licensor to performing and/or observing any of its obligations
                                         under the Agreement to the extent such are owed by the Licensor pursuant to the terms
                                         of this Agreement (the “Guarantee”).

 

		23.2	Continuing
                                         Security

 

This Guarantee is to be continuing
security which shall remain in full force and effect until all of the obligations of the Licensor under this Agreement shall have
been fulfilled or shall have expired in accordance with the terms of this Agreement and this Guarantee is to be in addition, and
without prejudice to, and shall not merge with any other right, remedy, guarantee, indemnity or security which a party may now
or hereafter hold in respect of all or any of the obligations of the Licensor under the Agreement.

 

    

     

    

 

		23.3	Protections

 

The liability of NeoPoint under
this Guarantee shall not be affected, impaired or discharged by reason of any act, omission, matter or thing which but for this
provision might operate to release or otherwise exonerate NeoPoint from its obligations hereunder including, without limitation:

 

		(i)	any
                                         amendment, variation or modification to, or replacement of the Agreement or any document
                                         referred to therein;

 

		(ii)	the
                                         taking, variation, comprise, renewal, release, refusal or neglect to perfect or enforce
                                         any rights, remedies or securities against the Licensor or any other person;

 

		(iii)	any
                                         time or indulgence or waiver given, or composition made with, the Licensor or any other
                                         person;

 

		(iv)	the
                                         Licensor becoming insolvent, going into receivership or liquidation or having an examiner
                                         appointed; or

 

		(v)	by
                                         any circumstances affecting the obligation of the Licensor to meet its liability.

 

		23.4	Further
                                         Protection

 

This Guarantee shall continue
in full force and effect notwithstanding that any purported obligation of the Licensor or any other person becomes wholly or partly
void, invalid or unenforceable for any reason whether or not known.

 

		23.5	Primary
                                         Obligations

 

This Guarantee shall constitute
the primary obligations of NeoPoint and a party shall not be obliged to make any demand on the Licensor or any other person before
enforcing its rights against NeoPoint under this Guarantee.

 

		23.6	Waiver

 

No delay or omission of the
a party in exercising any right, power or privilege under this Guarantee shall impair such right, power or privilege or be construed
as a waiver of such right, power or privilege nor shall any single or partial exercise of any such right, power or privilege preclude
any further exercise thereof or the exercise of any other right, power or privilege.

 

		23.7	WH
                                         Guarantee

 

Upon Call Option One Completion
or Call Option Two Completion, this Section 23 shall also apply, mutatis mutandis, to WH, thereby rendering WH the
guarantor of NeoGames' obligations.

 

    

     

    

 

Remainder
of page intentionally left blank; signature page follows.

 

    

     

    

 

EXECUTION COPY

 

IN WITNESS WHEREOF, the Parties hereto
have executed this Agreement as of the date first written above with effect as of the Effective Date.

 

	AG Software Ltd.	Neogames S.à r.l.
	 	 
	By:	By:
	 	 
	Name:	Name:
	 	 
	Title:	Title:
	 	 
	Aspire Global Plc	William Hill Organization Limited
	 	 
	By:	By:
	 	 
	Name:	Name:
	 	 
	Title:	Title:

 

Signature Page to Amended and Restated
Software License Agreement

 

    

     

    

 

EXECUTION COPY

 

Exhibit 1

Original Agreement

 

 

 

    

     

    

 

EXECUTION COPY

 

Exhibit 2

Original AgreementExhibit 4.1

 

THIS WARRANT AND THE
SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 ("FEDERAL ACT")
OR THE SECURITIES LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS CONTAINED THEREIN, AND IN PARTICULAR PARAGRAPH (13) OF SECTION
10-5-9 OF THE GEORGIA SECURITIES LAW. THIS WARRANT AND ANY SHARES ISSUED UPON EXERCISE OF THIS WARRANT MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES
LAWS OR THE COMPANY IS SATISFIED THAT SUCH REGISTRATION IS NOT REQUIRED.

 

IN MAKING AN INVESTMENT
DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED.

 

INVESTORS SHOULD BE
AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISK OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

 

	
         

        Class A Warrant to Purchase for __________ Shares of Common
        Stock
	 

 

 

 

SANDY SPRINGS
HOLDINGS, INC.______________

CLASS A WARRANT CERTIFICATE(date)

 

1.       Issuance
of Warrant; Term.

 

		(a)	For and in consideration of good and valuable consideration,
the receipt and sufficiency of all of which are hereby acknowledged, Sandy Springs Holdings, Inc.. (the "Company")
hereby grants to                           
("Holder") the right to purchase              
shares of the Company's Common Stock, $.001 par value per share (the "Common Stock").

 

		(b)	The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as
the "Shares." This Warrant shall be exercisable at any time and from time to time from the date hereof until this
Warrant expires at 5:00 P.M. Eastern time on August 5th, 2024.

 

		(c)	In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings
defined in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid Price”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date) on the
Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted
average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common
Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported on the Pink
Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent bid price per
share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined
by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then outstanding and
reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

 

 

    	 	1	 

     

    

 

“Business Day”
means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which
banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Common Stock”
means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities
may hereafter be reclassified or changed.

 

“Common Stock Equivalents”
means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Stock,
including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible
into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Person” means
an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Registration Statement”
means

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary” 
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company
formed or acquired after the date hereof.

 

“Trading Day”
means a day on which the Common Stock is traded on a Trading Market.

 

“Trading Market”
means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question:
the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange
(or any successors to any of the foregoing).

 

“Transfer Agent”
means Madison Stock Transfer, 2500 Coney Island Avenue, Sub Level, Brooklyn, NY. 11223 and any successor transfer agent of the
Company.

 

“VWAP” means,
for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed or
quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding
date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the
volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then
reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants
then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

 

 

 

    	 	2	 

     

    

 

“Warrant Agent Agreement”
means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company and the Warrant
Agent.

 

“Warrant Agent”
means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants” means
this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Promissory Note or Subscription Agreement.

 

		2.	Exercise. Exercise of Warrant. Subject to the provisions of Section 2(e) herein,
exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after
the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or
PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice of
Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement
Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate
Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on
a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice
of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee
or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be
required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant Shares available
hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to the Company for
cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the Company. Partial
exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have
the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number
of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and
the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1) Business Day of receipt
of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions
of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available
for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

For the avoidance of doubt, and
without limiting the rights of a Holder to utilize a cashless exercise pursuant to Section 2(c) and receive unrestricted shares,
at any time during which there is no effective registration statement for the issuance or resale of the Warrant Shares, the Company
may settle a cash exercise of the Warrant with unregistered common stock.

 

Notwithstanding the foregoing
in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant
held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect exercises
made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate instruction
form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation,
as applicable), subject to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of the
Warrant Agent Agreement, in which case this sentence shall not apply.

 

 

 

 

    	 	3	 

     

    

 

		b)	Exercise Price. The exercise price per share of Common Stock under this Warrant shall
be Zero Dollars and 1/1000th ($0.001), subject to adjustment hereunder (the “Exercise Price”).

 

		c)	Cashless Exercise. If at any time after the Initial Issuance Date, there is no effective
registration statement registering, or the prospectus contained therein is not available for, the issuance of the Warrant Shares
to the Holder, then this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise”
in which the Holder shall be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)]
by (A), where:

 

(A) = as applicable: (i) the VWAP
on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) both executed
and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to
Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(64)
of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the Holder, either
(y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the Bid Price of the
Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the
applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a Trading Day
and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours”
on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date
of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a)
hereof after the close of “regular trading hours” on such Trading Day;

 

(B) = the Exercise
Price of this Warrant, as adjusted hereunder; and

 

(X) = the number
of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise
were by means of a cash exercise rather than a cashless exercise.

 

If Warrant
Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees
not to take any position contrary to this Section 2(c).

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant
to this Section 2(c).

 

 

 

 

 

 

    	 	4	 

     

    

 

d)        Mechanics
of Exercise.

 

		i.	Delivery of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased
hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account of the Holder’s or its designee’s
balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if
the Company is then a participant in such system and either (A) there is an effective registration statement permitting the issuance
of the Warrant Shares to or resale of the Warrant Shares by the Holder or (B) this Warrant is being exercised via cashless exercise,
and otherwise by physical delivery of a certificate, registered in the Company’s share register in the name of the Holder
or its designee, for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified
by the Holder in the Notice of Exercise by the date that is the earliest of (i) two (2) Trading Days after the delivery to the
Company or the Warrant Agent of the Notice of Exercise, (ii) one (1) Trading Day after delivery of the aggregate Exercise Price
to the Company and (iii) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company
or the Warrant Agent of the Notice of Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the
Notice of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares
with respect to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, and for purposes
of Regulation SHO, a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant
held in book-entry form through DTC shall be deemed to have exercised its interest in this Warrant upon instructing its broker
that is a DTC participant to exercise its interest in this Warrant, provided that in such case payment of the aggregate Exercise
Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and (ii) the number
of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the Company fails for
any reason to deliver or cause the delivery to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share
Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant
Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per
Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each
Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The
Company agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding
and exercisable. As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a
number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date
of delivery of the Notice of Exercise.

 

		ii.	Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part,
the Company shall, at the request of a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant
Shares, deliver or cause the Warrant Agent to deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase
the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this
Warrant.

 

		iii.	Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder
the Warrant Shares pursuant to Section 2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind
such exercise.

 

 

 

 

    	 	5	 

     

    

 

		iv.	Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition
to any other rights available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant
Shares in accordance with the provisions of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery
Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the
Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of
the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A)
pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions,
if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares
that the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the
sell order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall
be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company
timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having
a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate
sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company
shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable
to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares
of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

		v.	No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares
shall be issued upon the exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to
purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction
in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

 

		vi.	Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to
the Holder for any issue or transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of
which taxes and expenses shall be paid by the Company, and such Warrant Shares shall be issued in the name of the Holder or in
such name or names as may be directed by the Holder; provided, however, that in the event that Warrant Shares are to be issued
in a name other than the name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment
Form attached hereto duly executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient
to reimburse it for any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing
of any Notice of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing
similar functions) required for same-day electronic delivery of the Warrant Shares.

 

		vii.	Closing of Books. The Company will not close its stockholder books or records in any manner
which prevents the timely exercise of this Warrant, pursuant to the terms hereof.

 

 

 

 

    	 	6	 

     

    

 

		e)	Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant,
and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent
that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together
with the Holder’s Affiliates, and any other Persons acting as a group together with the Holder or any of the Holder’s
Affiliates (such Persons, “Attribution Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation
(as defined below). For purposes of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder
and its Affiliates and Attribution Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant
with respect to which such determination is being made, but shall exclude the number of shares of Common Stock which would be issuable
upon (i) exercise of the remaining, nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates
or Attribution Parties and (ii) exercise or conversion of the unexercised or nonconverted portion of any other securities of the
Company (including, without limitation, any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous
to the limitation contained herein beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as
set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance
with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder
that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act
and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation
contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other securities
owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall
be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination
of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution
Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and
the Company shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to
any group status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and
regulations promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common
Stock, a Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent
periodic or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or
(C) a more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
Upon the written or oral request of a Holder, the Company shall within one (1) Trading Day confirm orally and in writing to the
Holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall
be determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants,
9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common
Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease the Beneficial Ownership
Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the
number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock upon
exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply. Any increase in the
Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Company. The provisions
of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this Section
2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership
Limitation herein contained or to make changes or supplements necessary or desirable to properly give effect to such limitation.
The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

 

 

 

 

    	 	7	 

     

    

 

		4.	Covenants and Conditions. The above provisions are subject to the following:

 

		(a)	Neither this Warrant nor the Shares have been registered under the Securities Act of 1933, as amended
("Securities Act"), or any state securities laws ("Blue Sky Laws"). This Warrant has been acquired
for investment purposes and not with a view to distribution or resale and may not be pledged, hypothecated, sold, made subject
to a security interest, or otherwise transferred without (i) an effective registration statement for the Warrant under the Securities
Act and all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion and counsel shall be reasonably satisfactory
to the Company and its counsel, that registration is not required under the Securities Act or under any applicable Blue Sky Laws
(the Company hereby acknowledges that Investment Law Group LLP is acceptable counsel). Transfer of Shares issued upon the exercise
of this Warrant shall be restricted in the same manner and to the same extent as the Warrant, and the certificates representing
the Shares shall, subject to Section 6 hereof, bear substantially the following legend:

 

The securities represented
by this certificate have been issued in reliance upon the representation of the Holder that they have been acquired for investment
and not with a view toward the resale or other distribution thereof, and have not been registered under the Securities Act of 1933
(the "Securities Act") or the securities laws of any state in reliance upon the exemptions from registration contained
therein, and may not be offered, sold, transferred, encumbered or otherwise disposed of unless there is an effective registration
statement under the Federal Act and applicable state securities laws relating thereto or the Company is satisfied registration
is not required.

 

The Holder hereof and the Company
agree to execute all other documents and instruments as counsel for the Company reasonably deems necessary to effect the compliance
of the issuance of this Warrant and any shares of Common Stock issued upon exercise hereof with applicable federal and state securities
laws.

 

		(b)	The Company covenants and agrees that all Shares which may be issued upon exercise of this Warrant
will, upon issuance and payment therefor, be legally and validly issued and outstanding, fully paid and nonassessable, free from
all taxes, liens, charges and preemptive rights, if any, with respect thereto or to the issuance thereof. The Company shall at
all times reserve and keep available for issuance upon the exercise of this Warrant that number of authorized but unissued shares
of Common Stock as will be sufficient to permit the exercise in full of this Warrant.

 

		5.	Adjustment of Exercise Price and Number of Shares Issuable. The Exercise Price and
the number of Shares (or other securities or property) issuable upon exercise of this Warrant shall be subject to adjustment from
time to time upon the occurrence of any of the events enumerated in this Section 5.

 

		(a)	Common Stock Reorganization. If the Company shall (i) subdivide or consolidate its
outstanding shares of Common Stock (or any class thereof) into a greater or smaller number of shares, (ii) pay a dividend or make
a distribution on its Common Stock (or any class thereof) in shares of its capital stock, or (iii) issue by reclassification of
its Common Stock (or any class thereof) any shares of its capital stock (any event described in clauses (i), (ii) or (iii) being
called a "Common Stock Reorganization"), then the Exercise Price and the type of securities for which this Warrant is
exercisable shall be adjusted immediately so that the Holder thereafter shall be entitled to receive upon exercise of this Warrant
the aggregate number and type of securities that it would have received if this Warrant had been exercised immediately prior to
the Common Stock Reorganization.

 

 

 

 

    	 	8	 

     

    

 

		(b)	Adjustment in Number of Shares. Upon each adjustment to the Exercise Price pursuant
to subsections (a) of this Section 5, this Warrant shall thereafter evidence the right to receive upon payment of the adjusted
Exercise Price that number of Shares obtained by multiplying the number of Shares previously issuable upon exercise of this Warrant
by a fraction, the numerator of which is the Exercise Price prior to adjustment and the denominator of which is the adjusted Exercise
Price.

 

		(c)	Capital Reorganizations. If there shall be any consolidation, merger or amalgamation
of the Company with another person or entity or any acquisition of capital stock of the Company by means of a share exchange, other
than a consolidation, merger or share exchange in which the Company is the continuing corporation or any sale or conveyance of
the property of the Company as an entirety or substantially as an entirety, or any reorganization or recapitalization of the Company
(a "Capital Reorganization"), then the Holder of this Warrant shall no longer have the right to purchase Common Stock,
but shall have instead the right to purchase, upon exercise of this Warrant, the kind and amount of shares of stock and other securities
and property (including cash) which the Holder would have owned or have been entitled to receive pursuant to the Capital Reorganization
if this Warrant had been exercised immediately prior to the effective date of the Capital Reorganization. As a condition to effecting
any Capital Reorganization, the Company or the successor or surviving corporation, as the case may be, shall assume by a supplemental
agreement, satisfactory in form, scope and substance to the Holder (which shall be mailed or delivered to the Holder of this Warrant
at the last address of the Holder appearing on the books of the Company) the obligation to deliver to the Holder shares of stock,
securities, cash or property as, in accordance with the foregoing provisions, the Holder may be entitled to purchase, and all other
obligations of the Company set forth in this Warrant.

 

		(d)	Determination of Fair Market Value. Subject to the provisions set forth below, the
fair market value of the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution shall
be determined in good faith by the Board of Directors of the Company. Upon each determination, the Company shall promptly give
notice thereof to the Holder, setting forth in reasonable detail the calculation of the fair market value and the method and basis
of determination thereof (the "Company Determination"). If the Holder shall disagree with the Company Determination and
shall, by notice to the Company given within thirty (30) days after the Company's notice of the Company Determination, elect to
dispute the Company Determination, the Company shall, within thirty (30) days after receipt of the notice, engage an investment
bank or other qualified appraisal firm acceptable to the Holder to make an independent determination of the fair market value of
the Company or of any non-cash consideration received by the Company upon any Common Stock Distribution (the "Appraiser Determination").
The Appraiser Determination shall be final and binding on the Company and the Holder. The cost of the Appraiser Determination shall
be borne by the Company.

 

		(e)	Adjustment Rules. Any adjustments pursuant to this Section 5 shall be made successively
whenever an event referred to herein shall occur. No adjustment shall be made pursuant to this Section 5 in respect of the issuance
from time to time of shares of Common Stock upon the exercise of this Warrant or upon the exercise or conversion of any other Option
Securities or Convertible Securities.

 

		(f)	Proceedings Prior to Any Action Requiring Adjustment. As a condition precedent to
the taking of any action which would require an adjustment pursuant to this Section 5, the Company shall take any action which
may be necessary, including obtaining regulatory approvals or exemptions, in order that the Company may thereafter validly and
legally issue as fully paid and nonassessable all shares of Common Stock which the Holder of this Warrant is entitled to receive
upon exercise thereof.

 

 

 

 

    	 	9	 

     

    

 

		(g)	Notice of Adjustment. Not less than ten (10) days prior to the record date or effective
date, as the case may be, of any action which requires or might require an adjustment or readjustment pursuant to this Section
5, the Company shall give notice to the Holder of the event, describing the event in reasonable detail and specifying the record
date or effective date, as the case may be, and, if determinable, the required adjustment and the computation hereof. If the required
adjustment is not determinable at the time of the notice, the Company shall give notice to the Holder of the adjustment and computation
promptly after the adjustment becomes determinable.

 

		6.	Transfer of Warrant. Subject to the provisions of Section 4 hereof, this Warrant
may be transferred, in whole or in part, to any person or business entity, by presentation of the Warrant to the Company with written
instructions for the transfer. Upon the presentation for transfer, the Company shall promptly execute and deliver a new Warrant
or Warrants in the form hereof in the name of the assignee or assignees and in the denominations specified in the instructions.
The Company shall pay all expenses incurred by it in connection with the preparation, issuance and delivery of Warrants under this
Section. Any transferee of this Warrant by acceptance thereof, agrees to be bound by all of the terms and conditions of this Warrant.

 

		7.	Warrant Holder Not Shareholder; Rights Offering; Preemptive Rights. Except as otherwise
provided herein, this Warrant does not confer upon the Holder any right whatsoever as a shareholder of the Company. Notwithstanding
the foregoing, if the Company should offer to all of the Company's shareholders the right to purchase any securities of the Company,
then all shares of Common Stock that are subject to this Warrant shall be deemed to be outstanding and owned by the Holder and
the Holder shall be entitled to participate in the offer. The Company shall not grant any preemptive rights with respect to any
of its capital stock if the preemptive rights are exercisable upon exercise of this Warrant.

 

		8.	Basic Financial Information. The Company
will deliver to Holder:

 

		(a)	As soon as practicable after the end of each fiscal year of the Company, and in any event within
ninety (90) days thereafter, a consolidated balance sheet of the Company as at the end of such fiscal year, and consolidated statements
of operations, cash flow and changes in equity of the Company for such year, prepared in accordance with GAAP consistently applied
and setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and audited
and reported on by independent public accountants of recognized national standing selected by the Company.

 

		(b)	From the date the Company becomes subject to the reporting requirements of the Exchange Act, and
in lieu of the financial information required pursuant to Section 8(a), copies of its annual reports and all exhibits thereto and
its quarterly reports, if any, respectively,

 

		(c)	As soon as practicable after transmission or occurrence and in any event within ten (10) days thereof,
copies of any financial reports or communications (exclusive of reports or communications relating to the practice of medicine)
delivered to any class of the Company's security Holders or broadly to the financial community, including any filings by the Company
with any securities exchange, the Commission or the National Association of Securities Dealers.

 

		(d)	with reasonable promptness, any other financial data as the Holder may reasonably request.

 

 

 

 

    	 	10	 

     

    

 

		9.	Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated
or destroyed, the Company may, on such terms as to indemnity or otherwise as it may in its discretion reasonably impose (which
shall, in the case of a mutilated Warrant, include the surrender thereof), issue a new Warrant of like denomination and tenor as
the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall represent the original contractual obligation of
the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone.

 

		10.	Piggy Back Registration Rights: In the event that the Company files a registration
statement with the SEC, the Investor may make a written request (the “Piggy-Back Request”) that the Company
include in the proposed Registration all, or a portion, of the Warrants owned by the Investor, and the shares issuable upon the
exercise of the warrants. The Company will use its commercially reasonable efforts to include in any Registration all Registrable
Securities which the Company has been requested to register pursuant to any timely Piggy-Back Request to the extent required to
permit the disposition (in accordance with the intended methods thereof as aforesaid) of the Registrable Securities so to be registered.
The expenses of the registration shall be paid by the Company.

 

		11.	Demand Registration Rights: The Company hereby agrees that the Investor shall have
the right to demand that the Company file with the Securities and Exchange Commission a registration statement covering the Securities
as well as any common shares created as a result of the exercise of the Class A and Class B warrants. The Company agrees that the
registration statement shall be filed no later than Ten (10) days following the Company’s next quarterly or annual report
with the SEC, provided that the Investor provides the Company with such demand for registration at least a Thirty (30) days prior
to the end the nearest fiscal quarter. The expenses of the registration shall be paid by the Company.

 

		(a)	Failure to File Registration Statement: The Company hereby agrees that in the event it either
refuses to file or fails to file the registration statement specified in this Section 6, then the Investor shall be due liquidated
damages in the amount of the greater of i) One Million Dollars ($1,000,000) or ii) the combined market value of the common shares
held by the Investor, plus the market value of the shares from the unexercised warrants minus the value of the exercise price.

 

Certain
Notices. In case at any time the Company shall propose to:

 

		(a)	declare any cash dividend upon its Common Stock;

 

		(b)	declare any dividend upon its Common Stock payable in stock or make any special dividend or other
distribution to the Holders of its Common Stock;

 

		(c)	offer for subscription to the Holders of any of its Common Stock any additional shares of stock
in any class or other rights;

 

		(d)	reorganize, or reclassify the capital stock of the Company, or consolidate, merge or otherwise
combine with, or sell all or substantially all of its assets to, another corporation; or

 

 

 

 

 

    	 	11	 

     

    

 

		(e)	voluntarily or involuntarily dissolve, liquidate or wind up of the affairs of the Company; then
in any one or more of these events, the Company shall give to the Holder, by certified or registered mail, (i) at least twenty
(20) days' prior written notice of the date on which the books of the Company shall close or a record shall be taken for the dividend,
distribution or subscription rights or for determining rights to vote in respect of any reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up, and (ii) in the case of the reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up, at least twenty (20) days' prior written notice of the date when the same
shall take place. Any notice required by clause (i) shall also specify, in the case of any dividend, distribution or subscription
rights, the date on which the Holders of Common Stock shall be entitled thereto, and any notice required by clause (ii) shall specify
the date on which the Holders of Common Stock shall be entitled to exchange their Common Stock for securities or other property
deliverable upon the reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up, as
the case may be.

 

		12.	Redemption. This Warrant shall be redeemable by the Company at $0.01 per share remaining
subject hereto after 20 business days' written notice if the price of the Common Stock closes above $.02 for 20 consecutive trading
days and provided that the Company then has in effect an effective registration statement with respect to the shares of Common
Stock issuable upon exercises of this Warrant.

 

IN WITNESS WHEREOF,
the parties hereto have executed this Warrant as of the date first above written.

 

 

	 	Sandy Springs Holdings,
Inc..
	 	 
	 	By: ________________________
	 	Name: Erik S. Nelson
	 	Title: President

 

 

 

 

 

 

 

 

 

 

 

    	 	12

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