SEC Contract Filing

Filing Date: 2019-12-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>tm1927286d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B><I>Execution Version</I></B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>SUBSCRIPTION
AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">This
SUBSCRIPTION AGREEMENT (this &ldquo;<U>Subscription Agreement</U>&rdquo;) is entered into on December 22, 2019, by and between
Diamond Eagle Acquisition Corp., a Delaware corporation that will be re-domiciled to Nevada in connection with the Transaction
(as defined below) (the &ldquo;<U>Company</U>&rdquo;), and the undersigned subscriber (&ldquo;<U>Subscriber</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">WHEREAS,
concurrently with the execution of this Subscription Agreement, the Company is entering into a Business Combination Agreement with
DraftKings Inc., a Delaware corporation (&ldquo;<U>DK</U>&rdquo;), SBTech (Global) Limited, a company limited by shares, incorporated
in Gibraltar and continued as a company under the Isle of Man Companies Act 2006, with registration number 014119V (&ldquo;<U>SBT</U>&rdquo;),
and the other parties thereto, providing for the combination of the Company, DK and SBT (the &ldquo;<U>Transaction Agreement</U>&rdquo;
and the transactions contemplated by the Transaction Agreement, the &ldquo;<U>Transaction</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">WHEREAS,
pursuant to the Transaction Agreement, prior to or substantially concurrently with the Closing (as defined below), the Company
will convert to a Nevada corporation (the &ldquo;<U>NV Conversion</U>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">WHEREAS,
in connection with the Transaction, Subscriber desires to subscribe for and purchase from the Company, immediately prior to the
NV Conversion and consummation of the Transaction, that number of shares of the Company&rsquo;s Class A common stock, par value
$0.0001 per share (the &ldquo;<U>Class A Shares</U>&rdquo;), set forth on the signature page hereto (the &ldquo;<U>Subscribed Shares</U>&rdquo;)
for a purchase price of $10.00 per share (the &ldquo;<U>Per Share Price</U>&rdquo; and the aggregate of such Per Share Price for
all Subscribed Shares being referred to herein as the &ldquo;<U>Purchase Price</U>&rdquo;), and the Company desires to issue and
sell to Subscriber the Subscribed Shares in consideration of the payment of the Purchase Price by or on behalf of Subscriber to
the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">WHEREAS,
concurrently with the execution of this Subscription Agreement, the Company is entering into subscription agreements (the &ldquo;<U>Other
Subscription Agreements</U>&rdquo; and together with the Subscription Agreement, the &ldquo;<U>Subscription Agreements</U>&rdquo;)
with certain other investors (the &ldquo;Other Subscribers&rdquo; and together with the Subscriber, the &ldquo;<U>Subscribers</U>&rdquo;),
pursuant to which such investors have agreed to purchase on the closing date of the Transaction (the &ldquo;<U>Closing Date</U>&rdquo;),
inclusive of the Subscribed Shares, an aggregate amount of up to 40,000,000 Class A Shares, at the Per Share Price (the &ldquo;<U>Other
Subscribed Shares</U>&rdquo; and together with the Subscribed Shares, the &ldquo;<U>Collective Subscribed Shares</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">NOW,
THEREFORE, in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions,
herein contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Subscription</U><I>. </I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; t