FORBEARANCE AGREEMENT among EBET, INC. F/K/A ESPORTS TECHNOLOGIES, INC. as the Borrower, the SUBSIDIARIES OF THE BORROWER, as Guarantors and CP BF LENDING, LLC, as Lender Dated as of June 30, 2023Forbearance Agreement • July 3rd, 2023 • EBET, Inc. • Services-amusement & recreation services • New York
This FORBEARANCE AGREEMENT (this “Agreement”) is entered into as of June 30, 2023 by and between EBET, INC. f/k/a ESPORTS TECHNOLOGIES, INC., a Nevada corporation (the “Borrower”), the Guarantors, and CP BF LENDING, LLC, a Delaware limited liability company (the “Lender”).
REVOLVING NOTE EBET, INC. F/K/A ESPORTS TECHNOLOGIES, INC.Revolving Note • July 3rd, 2023 • EBET, Inc. • Services-amusement & recreation services
FOR VALUE RECEIVED, the undersigned, EBET, Inc. f/k/a ESPORTS TECHNOLOGIES, INC., a Nevada corporation, as borrower under the Credit Agreement referenced below (the “Borrower”), promises to pay, on the earlier of the Termination Date (as defined in the Forbearance Agreement defined below) or the Maturity Date to the order of CP BF LENDING, LLC (hereinafter, together with its successors in title and assigns, called the “Lender”), the principal sum of TWO MILLION DOLLARS (US$2,000,000.00) (the “Revolving Loan Cap”), in immediately available funds or, if less, the aggregate unpaid principal amount of the Revolving Loan made by the Lender to the Borrower pursuant to the Credit Agreement to which reference is hereinafter made and to pay interest, in like money, on the unpaid principal amount owing hereunder from time to time from the date hereof until payment in full of such principal amount as provided in this Revolving Note (this “Revolving Note”) and in the Credit Agreement. Unless other
