SEC Contract Filing

Filing Date: 2023-06-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ex_528635.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<p style="margin: 0pt; text-align: right; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: &quot;Times New Roman&quot;;"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt">&nbsp;</font></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>PLACEMENT AGENCY AGREEMENT</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 24, 2023</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Aegis Capital Corp.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">1345 Avenue of the Americas, 27<sup style="vertical-align:top;line-height:120%;font-size:pt">th</sup> Floor</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">New York, NY 10105</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;">Re:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Super League Gaming, Inc.</u></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Ladies and Gentlemen:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">This Placement Agency Agreement (&#8220;<b>Agreement</b>&#8221;) sets forth the terms upon which Aegis Capital Corp., a New York corporation (&#8220;<b>Aegis</b>&#8221; or &#8220;<b>Placement Agent</b>&#8221;), a registered broker-dealer and member of the Financial Industry Regulatory Authority (&#8220;<b>FINRA</b>&#8221;), shall be engaged by Super League Gaming, Inc., a Delaware corporation (the &#8220;<b>Company</b>&#8221;) to act as exclusive Placement Agent in connection with the private placement (the &#8220;<b>Offering</b>&#8221;) of shares (the &#8220;<b>Shares</b>&#8221;) of Series AA Convertible Preferred Stock, par value $0.001 per share (including all subseries of such stock, the &#8220;<b>Series AA Preferred Stock</b>&#8221;). The Offering will consist of a minimum of 3,500 Shares ($3,500,000) (&#8220;<b>Minimum Offering Amount</b>&#8221;) and up to a maximum of 20,000 Shares ($20,000,000) (&#8220;<b>Maximum Offering Amount</b>&#8221;) which shall be offered on a &#8220;reasonable efforts, all or none&#8221; basis as to the Minimum Offering Amount and a &#8220;reasonable efforts&#8221; basis for all amounts in excess of the Minimum Offering Amount. In the event the Offering is oversubscribed, the Company and Placement Agent may, in their mutual discretion, have Company sell up to 10,000 additional Shares for an additional aggregate purchase price of $10,000,000 (the &#8220;<b>Overallotment</b>&#8221;). For purposes hereof, this Agreement shall also cover, and the term &#8220;Shares&#8221; shall include, the potential issuance and sale of another series of convertible preferred stock of the Company, with identical rights and preferences as the Series A Preferred Stock being sold in the Offering (except for voting provisions) and which may be sold to certain persons due to concerns relating to beneficial ownership limitations.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The purchase price for the Shares will be $1,000 per Share (the &#8220;<b>Offering Price</b>&#8221;), with a minimum investment of $1,500,000; <i><u>provided</u></i>, <i><u>however</u></i>, that subscriptions for lesser amounts may be accepted in the Company&#8217;s and Placement Agent&#8217;s joint discretion. Additionally, such minimum investment amount shall not be applicable to individuals or entities that are existing owners of the Company&#8217;s Series A Preferred Stock (each a &#8220;<b>Series A Preferred Holder</b>&#8221; and collectively, &#8220;<b>Series A Preferred Holders</b>&#8221;).The Placement Agent shall accept subscriptions only from persons or entities who qualify as &#8220;accredited investors,&#8221; as such term is defined in Rule 501 of Regulation D (&#8220;<b>Regulation D</b>&#8221;) as promulgated by the United States Securities and Exchange Commission (the &#8220;<b>SEC</b>&#8221;) under Section 4(a)(2) of the Securities Act of 1933, as amended (the &#8220;<b>Securities Act</b>&#8221;).<b> </b>The Shares will be offered until the earlier of (i) the termination of the Offering as provided herein, (ii) the time that all Shares offered in the Offering are sold or (iii) May 19, 2023 (&#8220;<b>Initial Offering Period</b>&#8221;), which date may be extended by the Placement Agent and the Company in their joint discretion until July 19, 2023 (this additional period and the Initial Offering Period shall be referred to as the &#8220;<b>Offering Period</b>&#8221;). The date on which the Off