SEC Contract Filing

Filing Date: 2021-03-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>10
<FILENAME>tm219436d1_ex10-27.htm
<DESCRIPTION>EXHIBIT 10.27
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 122.45pt 0pt 78.6pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 78.6pt; text-align: right"><B>Exhibit
10.27&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 122.45pt 0pt 78.6pt; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 122.45pt 0pt 78.6pt; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 122.45pt 0pt 78.6pt; text-align: center"><B>CONFIDENTIALITY AND
RESTRICTIVE COVENANT AGREEMENT</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 6.2pt; text-align: justify; text-indent: 35.7pt">This
Confidentiality and Restrictive Covenant Agreement (&quot;CRC Agreement&quot;) is made and effective this 5th day of October, 2020,
by and between Rush Street Interactive L.P., a Delaware limited partnership (the &quot;Company&quot;), and Kyle L. Sauers (&quot;Executive&quot;).
Executive and the Company are collectively referred to as the &quot;Parties&quot; or each individually as a &quot;Party.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 6.2pt; text-align: justify; text-indent: 35.7pt">Executive
understands and acknowledges as follows: (a) the on-line gaming industry is highly competitive, operates internationally and, in
many instances, the success of the Company depends on hiring and training talented employees, effective financial and strategic
planning, highly developed and targeted marketing, superior operational knowledge and execution, and extraordinary client development
and relationship management; (b) the Company spends significant resources to be a market leader with respect to all of these foundations
to its business and, in doing so, creates and protects a great deal of Confidential Information (as defined below) about its methods,
operations and customers; and (c) as a result of Executive's employment with the Company, Executive has been and will continue
to be exposed to such confidential information and developed relationships and to use them to advance the Company's interests in
parallel with the Executive's interests while working for the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 6.2pt; text-align: justify; text-indent: 35.7pt">As
such, Executive acknowledges that Executive is executing this CRC Agreement in consideration for valuable consideration, including
without limitation, a significant sign-on award as set forth <FONT STYLE="font-size: 10pt">in</FONT> Executive's October 5, 2020
offer of employment the Company, Executive's opportunity to access and use the Company's resources, including its Confidential
Information in furtherance of the Executive's continued employment with the Company and Executive's opportunity to be considered
for salary increases, discretionary bonuses, and other benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 6.2pt; text-align: justify; text-indent: 35.7pt">Executive
acknowledges that, but for Executive's signing of this CRC Agreement, Executive would not receive the consideration set forth in
this CRC Agreement. Therefore, in consideration of the mutual promises and obligations set forth <FONT STYLE="font-size: 10pt">in
</FONT>this CRC Agreement, the Company and Executive, both intending to be legally bound, agree to protect the Company's Confidential
Information and acknowledged legitimate business interests as set forth in this CRC Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 43.35pt"></TD><TD STYLE="width: 16.55pt">l.</TD><TD STYLE="text-align: left"><U>Protection of Confidential Information.</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 6.2pt; text-align: justify; text-indent: 35.7pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>The
Parties acknowledge and agree that the Company is an online, social and land- based gaming platform supplier and operator
that is currently operating, supplying and developing regulated online gaming sites in multiple states and countries. In
addition, the Company works closely with affiliated land-based gaming companies and other gaming assets, including without
limitation gaming companies operating various ''Rivers&quot; branded casinos and entertainment complexes, including those in
operating as of the date of this CRC Agreement in Pittsburgh, Pennsylvania, Des Plaines, Illinois, Philadelphia, Pennsylvania
and Schenectady, New York. Executive acknowledges that during Executive's employment with the Company, Executive may be
exposed to confidential information not only from and about the Company, but also about any or all of these affiliated gaming
companies and