Exhibit 10.13

Dated June 21, 2021

Servicios de Juego Online S.A.U.

as Company

and

Codere Newco, S.A.U.

as Parent

RELATIONSHIP AND LICENSE AGREEMENT

This Relationship and License Agreement (the “Agreement”) is made as of the 21^st day of June 2021, by and among:

(1) Servicios de Juego Online S.A.U., a company organized under the laws of the Kingdom of Spain (the “Company”); and

(2) Codere Newco, S.A.U., a company organized under the laws of the Kingdom of Spain (the “Parent”).

This Agreement shall become effective at the Merger Effective Time on the Closing Date, as such terms are defined in the Business Combination Agreement the (“Effective Date”)

RECITALS

(A) Prior to the Effective Date, Parent was, indirectly through certain of its Subsidiaries, including the Company, engaged in the business of online gaming, gambling, casino, slots, poker, bingo, sports betting, betting exchanges, lottery operations, racing and pari-mutuel activities (such business, at any time, the “Online Gaming Business”).

(B) Pursuant to the Transaction Documents, as defined in the Business Combination Agreement (as defined below), Codere Online Luxembourg, S.A., a public limited liability company (société anonyme) governed by the laws of the Grand Duchy of Luxembourg (“Holdco”), will at, or prior to, the Effective Date, acquire all of the issued and outstanding equity interests in the Company and the Company’s Subsidiaries.

(C) Parent recognizes and acknowledges that, as a controlling person of Holdco, Parent will indirectly receive significant and substantial consideration in connection with the transactions contemplated by the Business Combination Agreement and this Agreement.

(D) Parent is the owner of certain trademarks (including logos and designs), domain names and related applications and registrations in a number of jurisdictions around the world, which are currently used in connection with the Online Gaming Business, and the Company desires to obtain, and Parent is willing to grant, certain rights to enable the Company to use the Licensed Marks (as defined below).

(E) In connection with the closing of the transactions contemplated by the Business Combination Agreement, Parent and the Company deem it to be appropriate and in their mutual best interests that the parties hereto enter into this Relationship and License Agreement pursuant to the terms and conditions set forth herein.

Now, therefore, in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:

1. Interpretation

1.1. Definitions

In this Agreement, except where the context otherwise requires, the following terms will have the following meanings:

“Affiliate” means, with respect to a Person, any other Person that, now or in the future, directly or indirectly, through one or more intermediaries, controls or is controlled by such Person, or is under common control of a third Person. For the avoidance of doubt, a Person shall be deemed to control another Person if such first Person possesses, directly or indirectly, the power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise, all the foregoing in accordance with, as and further set out in, Article 42 of the Spanish Commercial Code;

“Applicable Percentage” shall mean the amount, expressed as a percentage of Net Win, which reflects at all times the minimum consideration permitted pursuant to applicable transfer pricing requirements for the license granted by Parent to the Company and its Sublicensees in Section ‎2.1 and ‎2.2, as determined in good faith and agreed to by Parent and the Company in writing from time to time, and which, for the avoidance of doubt, will be 0% of Net Win as of the Effective Date;

“Beneficial Owner” shall mean any Person who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise has or shares (i) voting power which includes the power to vote, or to direct the voting of, such security, and/or (ii) investment power which includes the power to dispose, or to direct the disposition of, such security, and/or (iii) the right to become the beneficial owner of such securities as set forth in (i) or (ii) above (whether such right is exercisable immediately or only after the passage of time or the occurrence of conditions) pursuant to any agreement, arrangement or understanding, or upon the exercise of conversion rights, exchange rights, rights, warrants or options, or otherwise. The term “Beneficially Own” shall have a correlative meaning;

“Business Combination Agreement” means the Business Combination Agreement, dated June 21, 2021, among Parent, the Company and the other parties thereto, regulating a series of related transactions whereby, among other things, Holdco will acquire the Company and its Subsidiaries;

“Business Day” means every day except a Saturday or Sunday, or a legal holiday in the City of New York, the Grand Duchy of Luxembourg or Madrid on which banking institutions are authorized or required by Law to close;

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“Consented Potential Opportunity” has the meaning assigned thereto in Section ‎5.1.4 hereof;

“Company” has the meaning assigned thereto in the preamble;

“Company’s Executive Management” means, with respect to the Company, the senior managers of the Company;

“Company Group” means Holdco, the Company and their direct and indirect Subsidiaries, including any Subsidiary of the Company formed or acquired after the Effective Date, as described in Section ‎2.2;

“Company Indemnified Party” has the meaning assigned thereto in Section ‎10.1 hereof;

“Current Territory” means any jurisdiction in which any member of the Company Group conducts the Company Group’s Online Gaming Business as of the Effective Date;

“Designated Territory” has the meaning assigned thereto in Section ‎2.1 hereof;

“Effective Date” has the meaning assigned thereto in the preamble;

“Existing Domain Names” has the meaning assigned thereto in Section ‎2.7 hereof;

“Existing Licensed Marks” has the meaning assigned thereto in Section ‎2.1 hereof;

“Fees” has the meaning assigned thereto in Section ‎8.1 hereof;

“Governing Body” means (i) with respect to a corporation, the board of directors of such corporation, (ii) with respect to a limited liability company, the manager(s) or managing member(s) of such limited liability company, (iii) with respect to a limited partnership, the board, committee or other body of the general partner of such partnership that serves a similar function or the general partner itself (or if any such general partner is itself a limited partnership, the board, committee or other body of such general partner’s general partner that serves a similar function or such general partner’s partner) and (iv) with respect to any other Person, the body of such Person that serves a similar function, and in the case of each of (i) through (iv) includes any committee or other subdivision of such body and any Person to whom such body has delegated any power or authority, including any officer and managing director;

“Governing Instruments” means (i) the certificate of incorporation and bylaws in the case of a corporation, (ii) the articles of formation and operating agreement in the case of a limited liability company, (iii) the partnership agreement in the case of a partnership, and (iv) any other similar governing document under which an entity was organized, formed or created and/or operates;

“Governmental Authority” means any (i) international, national, supra-national (including the European Union), multinational, federal, state, regional, municipal, local or other government, governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau, agency or instrumentality, domestic or foreign (ii) self-regulatory organization or stock exchange, (iii) subdivision, agent, commission, board, or authority of any of the foregoing, or (iv) quasi-governmental or private body exercising any regulatory, expropriation or taxing authority under or for the account of any of the foregoing;

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“Holdco” has the meaning assigned thereto in the preamble;

“Indemnified Party” has the meaning assigned thereto in Section ‎10.3.1 hereof;

“Indemnifying Party” has the meaning assigned thereto in Section ‎10.3.1 hereof;

“Laws” means any and all applicable (i) laws, constitutions, treaties, statutes, codes, ordinances, principles of common law and equity, rules, regulations and municipal bylaws whether domestic, foreign or international, (ii) judicial, arbitral, administrative, ministerial, departmental and regulatory judgments, orders, writs, injunctions, decisions, and awards of any Governmental Authority, and (iii) policies, practices and guidelines of any Governmental Authority which, although not actually having the force of law, are considered by such Governmental Authority as requiring compliance as if having the force of law, and the term “applicable,” with respect to such Laws and in the context that refers to one or more Persons, means such Laws that apply to such Person or Persons or its or their business, undertaking, property or securities at the relevant time and that emanate from a Governmental Authority having jurisdiction over the Person or Persons or its or their business, undertaking, property or securities;

“Lien” means any lien, security interest, mortgage, deeds of trust, pledge, adverse claim, reservation, lease, sublease, exclusive license, covenants, easements, usufruct, right-of-way, servitudes, collateral assignments, conditional sale or other sale agreements, title retention agreements, hypothecations, pre-emptive right, community property interest, collateral assignment, charge, option, warrant, rights of first offer, rights of first refusal, proxies, voting trusts or similar agreements, or title or transfer restrictions under any equity holder or similar agreement (including, without limitation, any restriction on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the possession, exercise or transfer or any other restriction attributable of ownership of any asset);

“Licensed Marks” has the meaning assigned thereto in Section ‎2.1 hereof;

“Loss” has the meaning assigned thereto in Section ‎10.1 hereof;

“Net Win” means all gross amounts wagered of the Company and each Sublicensee (for only such periods of time that the Company and each of such Sublicensees has used the Licensed Marks in any capacity), less: (i) player wins, (ii) player bonuses, (iii) promotional bets and (iv) applicable gaming taxes;

“Online Gaming Business” has the meaning assigned thereto in the recitals;

“Parent” has the meaning assigned thereto in the preamble;

“Parent Group” means Parent and its direct and indirect Subsidiaries at any time (other than any member of the Company Group);

“Parent Indemnified Party” has the meaning assigned thereto in Section ‎10.2 hereof;

“Permit” means any consent, license, approval, registration, permit, authorizations, registrations, findings of suitability, franchises, entitlements, communications, waivers and exemptions granted by a Governmental Authority;

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“Permitted Activity” means (i) any business of regulated gambling and gaming and related services accessible exclusively through physical retail or other offline channel; (ii) any Restricted Activity, which (a) is accessory to any business of regulated gambling and gaming and related services accessible exclusively through physical retail or other offline channel or any analogous business that the Parent Group acquires (collectively, an “Accessory Activity”), and (b) generates, or is reasonably expected to generate, an annual turnover of less than 5% of the turnover of the Company Group in the same fiscal year in each of the jurisdictions were the Accessory Activity will be conducted; and (iii) any Potential Opportunity, which (a) is an Accessory Activity, and (b) generates, or is reasonably expected to generate, an annual turnover of less than 5% of the turnover of the Company Group globally in the same fiscal year;

“Permitted Domain Name” has the meaning assigned thereto in Section ‎2.7 hereof;

“Person” means any natural person, partnership, limited partnership, limited liability partnership, joint venture, syndicate, sole proprietorship, company or corporation (with or without share capital), limited liability corporation, unlimited liability company, joint stock company, unincorporated association or entity, business entity, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, government or Governmental Authority however designated or constituted and pronouns have a similarly extended meaning;

“Potential Opportunity” has the meaning assigned thereto in Section ‎5.1.4 hereof;

“Promotional Material” means all material used in the promotion of, or otherwise in connection with, the Company Group’s Online Gaming Business (whether written or recorded in any other medium) and includes artwork, advertising materials, display materials, packaging materials, brochures, posters and internal and external signage;

“Quarter” means a calendar quarter ending on the last day of March, June, September or December;

“Rejected Potential Opportunity” has the meaning assigned thereto in Section ‎5.1.4 hereof;

“Request” has the meaning assigned thereto in Section ‎5.1.4 hereof;

“Restricted Activity” has the meaning assigned thereto in Section ‎5.1.1 hereof;

“Sublicensee” has the meaning assigned thereto in Section ‎2.2 hereof;

“Subsidiary” means, with respect to any Person, any other Person that, now or in the future, is directly or indirectly controlled by such Person, including (i) any trust in which such Person holds all of the beneficial interests and (ii) any partnership, limited liability company or similar entity in which such Person holds all of the interests other than the interests of any general partner, managing member or similar Person. For the avoidance of doubt, a Person shall be deemed to control another Person if such first Person possesses, directly or indirectly, the power to direct, or cause the direction of, the management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise, all the foregoing in accordance with, as and further set out in, Article 42 of the Spanish Commercial Code;

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“Term” has the meaning assigned thereto in Section ‎11.1 hereof;

“Territory” means any jurisdiction in which (i) any member of the Company Group conducts the Company Group’s Online Gaming Business from time to time, (ii) the Governing Body of Holdco has expressly decided to expand Company Group’s Online Gaming Business, or (iii) the Company Group has taken actual formal steps towards obtaining the required Permits to conduct the Online Gaming Business in such jurisdiction. For the avoidance of doubt, as at the date of this Agreement, the “Territory” means Spain, Italy, Mexico, Brazil, United States of America, Colombia, Panama, Argentina, Malta and Israel.

“Third Party Claim” has the meaning assigned thereto in Section ‎10.3.2 hereof;

“URL” means universal resource locator, the computer internet address of a website; and

“World Wide Information Distribution Medium” is a means of simultaneously (or nearly simultaneously) distributing information in an electronic format to all or most countries in the world and which permits contemporaneous (or nearly contemporaneous) access to that information in those countries, and includes the internet.

1.2. Headings

The inclusion of headings in this Agreement are for convenience of reference only and will not affect the construction or interpretation hereof.

1.3. Interpretation

Unless otherwise expressly provided for herein, this Agreement shall be interpreted in accordance with (i) the general interpretation and construction provisions included in Sections 1,281, 1,282, 1,283, 1,284, 1,285 and 1,286 of the Spanish Civil Code (Código Civil); and (ii) the specific rules of construction set forth below:

1.3.1. words importing the singular shall include the plural and vice versa, words importing gender shall include all genders or the neuter, and words importing the neuter shall include all genders;

1.3.2. the words “include”, “includes”, “including”, or any variations thereof, when following any general term or statement, are not to be construed as limiting the general term or statement to the specific items or matters set forth or to similar items or matters, but rather as referring to all other items or matters that could reasonably fall within the broadest possible scope of the general term or statement;

1.3.3. references to any Person include such Person’s successors and permitted assigns;

1.3.4. any reference to a statute, regulation, policy, rule or instrument shall include, and shall be deemed to be a reference also to, all amendments made to such statute, regulation, policy, rule or instrument and to any statute, regulation, policy, rule or instrument that may be passed which has the effect of supplementing or superseding the statute, regulation, policy, rule or instrument so referred to;

1.3.5. any reference to this Agreement or any other agreement, document or instrument shall be construed as a reference to this Agreement or, as the case may be, such other agreement, document or instrument as the same may have been, or may from time to time be, amended, varied, replaced, amended and restated, supplemented or otherwise modified;

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1.3.6. in the event that any day on which any amount is to be determined or any action is required to be taken hereunder is not a Business Day, then such amount shall be determined or such action shall be required to be taken at or before the requisite time on the next succeeding day that is a Business Day; and

1.3.7. except where otherwise expressly provided, all amounts in this Agreement are stated and shall be paid in euro.

2. Grant of License

2.1. License

Subject to the terms and conditions of this Agreement, Parent hereby grants to the Company, and the Company hereby accepts, during the Term, an exclusive (except as otherwise set forth herein and without prejudice to Parent’s right to engage in any Permitted Activity), sublicensable (solely as set forth in Section 2.2), and non-transferable (except as set forth in Section 12.2.2) license and authority to use any and all marks set forth in Schedule A (the “Existing Licensed Marks” and such other marks of Parent that Parent shall have specifically authorized the Company in writing to use pursuant to a written notice acknowledged by the Company in the form of Exhibit A hereto, together with the Existing Licensed Marks, the “Licensed Marks”) within the Territory (provided that such license is only granted with respect to jurisdictions outside the Current Territory to the extent that the Licensed Marks are registered in jurisdictions outside of the Current Territory), in connection with the operation of the Company Group’s Online Gaming Business.

In the event that the Company notifies Parent in writing, during the Term, that it or any member of the Company Group intends to carry out the Online Gaming Business in a jurisdiction which is outside the Current Territory but within the Territory, Parent shall cause the Licensed Mark to be registered, at Parent’s sole cost and expense, in such jurisdiction (each such jurisdiction, a “Designated Territory”), provided that, if registration of any of the Licensed Marks in any Designated Territory is not legal or otherwise permitted under the Law of the Designated Territory or cannot be performed by Parent without unreasonable or unusual efforts, Parent and the Company shall reasonably cooperate in good faith to reach a satisfactory solution to the failure to register any Licensed Marks in such Designated Jurisdiction.

During the Term, neither Parent nor any member of the Parent Group shall market, promote, sell or provide any product or service bearing the Licensed Marks or grant any license to any member of the Parent Group or any other Person to use the Licensed Marks, except to the extent such actions are not prohibited by Section ‎5 or are a Permitted Activity.

2.2. Sublicensing

The Company shall have no right to sublicense the Licensed Marks without Parent’s prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed, except that the Company may sublicense the Licensed Marks to a member of the Company Group (each, a “Sublicensee”) without requiring Parent’s prior written approval. Any Sublicensee shall have no right to further sublicense such right except to another member of the Company Group. The Company shall (i) be responsible for ensuring that each Sublicensee shall be in strict compliance with the terms and conditions of this Agreement, and (ii) assume all responsibilities for any breach of any terms or conditions of this Agreement by each Sublicensee and for any acts and omissions of each Sublicensee relating to the Licensed Marks. Any sublicense granted to any entity that ceases to be a member of the Company Group during the Term of this Agreement shall terminate immediately upon such cessation unless Parent and the Company agree otherwise.

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The parties hereto acknowledge that, for the avoidance of doubt, any Subsidiary of the Company formed or acquired after the Effective Date that is not a Subsidiary of the Company on the Effective Date may become a Sublicensee of the Company under this Agreement. In the event that such Subsidiary has a contract with an Affiliate of Parent for the licensing of certain or all of the Licensed Marks and such contract is not terminated at the time of the acquisition of the Subsidiary by the Company Group, (i) the parties to such contract shall terminate such contract with respect to the Licensed Marks and (ii) the Subsidiary shall automatically become a Sublicensee with respect to the Licensed Marks that are expressly covered by the scope of such contract.

2.3. Use of Licensed Marks

The Company undertakes to Parent during the Term, and without limiting its other obligations under this Agreement (i) not to use the Licensed Marks in any manner which may prejudice or would be likely to prejudice the rights of Parent in and to the Licensed Marks, (ii) to give any information as to its use of the Licensed Marks which Parent may reasonably require, and (iii) to protect the reputation and goodwill of the Licensed Marks and not conduct the Company Group’s Online Gaming Business in any way that may adversely reflect upon such reputation or be contrary to good business practice or any applicable Law.

The Company shall use, and permit the use by its Sublicensees of, the Licensed Marks only in form stipulated by Parent and shall conform to and observe, and shall procure that such Sublicensees conform to and observe, such standards as Parent from time to time prescribes, including standards relative to the quality, design, identity, size, position, appearance, marking and color of the Licensed Marks, and the manner, disposition and use of the Licensed Marks and accompanying designations, on any document or other media including, without limitation, any Promotional Material. The standards, directions and specifications set or given by Parent pursuant to this Section ‎2.3 shall be reasonable having regard to the Company’s or any Sublicensees’ use of the Licensed Marks and must not be changed capriciously or without giving the Company prior written notice as set forth in Section ‎2.6.

2.4. Use with Other Marks, Etc.

The Company shall not use and shall cause its Sublicensees not to use any of the Licensed Marks with any other trademarks or in any company name, trade name, URL or domain names in any manner likely to jeopardize the exclusiveness or distinctiveness of any of the Licensed Marks or have an adverse effect on the goodwill, or the value of, any of the Licensed Marks; it being understood that the use of the Licensed Mark “Codere” in the Company’s company name, trade name URL and domain name shall be deemed not to deceive or cause confusion in trade or jeopardize the exclusiveness or distinctiveness of any of the Licensed Marks.

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2.5. Internet Usage

Parent acknowledges and agrees that if the Company publishes, disseminates or otherwise uses any of the Licensed Marks by means of a World Wide Information Distribution Medium, including in the Company’s company name, such conduct may have the effect of causing those Licensed Marks to be published outside the Territory. In such cases only, and subject to the Company not being in breach of this Agreement or it otherwise infringing the rights in the Licensed Marks, Parent waives its right to make any claim against the Company in respect of such use of the Licensed Marks during the Term.

2.6. Licensed Marks

In the event that Parent changes, or intends to change, the use of any Licensed Mark in connection with the operation of Parent’s business, Parent shall notify the Company in writing. Upon the Company’s receipt of such notice, the Company shall, and shall cause each Sublicensee to, at its own cost and expense, within ninety (90) days (or six (6) months, if in the reasonable judgment of the Company such change of any Licensed Mark is unreasonable or unnecessary) after the date of such notice, change such Licensed Mark to the applicable new Licensed Mark, in all instances where the Company or any Sublicensee is using such Licensed Mark and in the Company’s or Sublicensee’s company name accordingly, provided that the Company and each Sublicensee shall be entitled to exhaust their existing supply of printed Promotional Materials before implementing such changes to the use of such Licensed Mark in any printed Promotional Materials.

In the event that Parent ceases, or intends to cease, the use of any Licensed Mark in connection with the operation of Parent’s business, Parent shall notify the Company in writing. Upon the Company’s receipt of such notice, the Company may, at its discretion, continue the use of such Licensed Mark during the Term of this Agreement as such Licensed Mark was used immediately prior to the notification date.

2.7. Website Links; Domain Names

2.7.1. The Company shall maintain a website for its business and shall include a link on the homepage of such website to Parent’s website (as identified by Parent), which link shall be comparable in prominence to other links included on such homepage. Parent has registered, or caused the registration of, the domain names set forth on Schedule B (the “Existing Domain Names”) and hereby assigns all of Parent’s right, title and interest in and to Parent’s Existing Domain Names to the Company and undertakes to use its best efforts to assign the rights, title and interest in and to any Existing Domain Names identified on Schedule B as not being owned by Parent to the Company promptly following the Effective Date. Parent grants the Company the right to register, maintain and use at Company’s sole cost and expense any domain name comprising any Licensed Marks or similar to the Existing Domain Names (to the extent assigned to the Company as specifically set forth in the preceding sentence) in connection with the operation of the Company Group’s Online Gaming Business (a “Permitted Domain Name”). Parent will defend the Company against any allegations, claims or demands (actual or threatened) against the Company or any of its Sublicensees for infringement of any rights of third parties by reason of the Company or Sublicensees use of Existing Domain Names (to the extent assigned to the Company as specifically set forth in this Section ‎2.7.1) or Permitted Domain Names.

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2.7.2. The Company will assign the Existing Domain Names and Permitted Domain Names registered by the Company pursuant to Section ‎2.7.1 back to Parent in less than one (1) year in case of expiration or termination of this Agreement.

2.8. Reservation of Rights; No Implied Licenses

All rights to the Licensed Marks not expressly granted by Parent to the Company in this Agreement are hereby expressly reserved to Parent. Except as expressly provided in this Agreement, neither party grants to the other party any right, title or interest in, or a license to use, any intellectual property belonging to such party, whether by implication, estoppel or otherwise.

2.9. Quality Supervision

2.9.1. All services performed under the Licensed Marks and all products to which the Licensed Marks are applied shall at all times be in compliance with applicable Laws, and such services performed or products supplied shall in each case be effected in a manner so as not to harm the reputation and goodwill of the Licensed Marks.

2.9.2. Parent shall have the right to inspect any designation, document or other media including any Promotional Material, and any facilities or records, used or maintained by the Company in connection with the performance of any services or supply of goods under one or more of the Licensed Marks upon providing the Company with one (1) week prior written notice. Such inspection shall only be permitted during the Company’s normal business hours. If at any time Parent should find that the use by the Company or any Sublicensees of one or more of the Licensed Marks is not in full compliance with Parent’s quality standards or other specifications as set forth herein or established in connection herewith, Parent shall promptly notify the Company in writing, describing in detail the non-compliance, and as soon as practicable, but in no event later than thirty (30) days thereafter, the Company will take the necessary steps to correct any such deficiencies and to fully comply with Parent’s quality standards and other specifications.

2.9.3. Without limiting any of its other obligations under this Agreement, the Company must, if requested in writing by Parent, ensure that there appears on all written Promotional Material in which any Licensed Mark is being used, a written statement to the effect that the relevant Licensed Mark is a registered trademark of Parent and is used by the Company or any Sublicensees under license.

3. Ownership of Intellectual Property

3.1. Parent’s Ownership Acknowledged

The Company acknowledges and agrees that: (i) all right, title and interest in and to the Licensed Marks is and shall be owned solely and exclusively by Parent; (ii) all use of the Licensed Marks by the Company, and all goodwill arising therefrom, shall inure to the exclusive benefit of Parent; and (iii) the Company shall not at any time acquire any rights in the Licensed Marks, or associated goodwill, by virtue of any use it may make thereof.

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3.2. No Adverse Actions

The Company shall not: (i) attack, challenge, oppose, petition to cancel, or initiate legal action or proceedings in connection with any of the Licensed Marks; (ii) apply for or seek to register any of the Licensed Marks or any trademarks, service marks, trade names, domain names, or other designations that incorporate, or are confusingly similar to, any of the Licensed Marks (except as expressly permitted in Section 2.7.1 with respect to Permitted Domain Names), unless approved in writing by Parent; (iii) use any of the Licensed Marks in any manner in breach of this Agreement; (iv) file any document with any Governmental Authority or take any other action that would reasonably be expected to adversely affect Parent’s ownership of any of the Licensed Marks; (v) do, or allow to be done, any action or omission in derogation of any of the rights of Parent in or to any of the Licensed Marks; or (vi) use any of the Licensed Marks in any manner, or take or allow any action, that might diminish, dilute or adversely affect the reputation of any of the Licensed Marks, the goodwill associated with any of the Licensed Marks or Parent.

3.3. Filing, Prosecution and Maintenance

3.3.1. Parent shall file, prosecute, defend and maintain applications and registrations for the Licensed Marks in good standing (which, for the avoidance of doubt, includes, without limitation, the payment of applicable maintenance fees, filing of all required filings, including renewals, declarations of use, responses to office actions and/or disclosure of any required information where required pursuant to the applicable Laws or by any Governmental Authority). The Company shall reasonably cooperate with and assist Parent in filing, prosecuting and maintaining applications and registrations for, and Parent’s rights in, the Licensed Marks, provided that Parent shall reimburse the Company for any out of pocket expenses incurred by the Company in connection with providing such cooperation within thirty (30) days after the Company’s delivery of an invoice to Parent documenting such expenses, subject to Section ‎3.3.3 with respect to any expenses in connection with new or additional registrations requested by the Company.

3.3.2. Parent shall endeavor in good faith to inform the Company of its intention to abandon or cease (including by intentional failure to pay renewal or other maintenance fees or actively informing any relevant trademark registry of an intention to abandon, cease or surrender) any application or registration for the Licensed Marks in the Territory. In such event, the Company may opt to pay the renewal or other maintenance fees or take any other action required to maintain such application or registration with respect to the Licensed Marks on Parent’s behalf. Parent shall retain ownership of all right, title and interest in such application or registration.

3.3.3. If the Company believes that new or additional registrations for the Licensed Marks are required in any jurisdictions within the Territory or would otherwise be beneficial to the Company in the Territory, it shall notify Parent in writing and request that Parent file such new or additional applications. Upon receipt of such written request, Parent shall file such applications within a reasonable period of time, unless, in the reasonable judgment of Parent, such new or additional registrations are not registrable or such applications are otherwise not legally permitted, in which case Parent shall notify the Company of that decision. All costs incurred by Parent in connection with the filing, prosecution and maintenance of such new or additional application or registration shall be at the Company’s sole cost and expense. Parent shall retain ownership of all right, title and interest in any such application or registration.

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4. Infringement of Proprietary Rights

4.1. Infringement of Proprietary Rights

Each party hereto shall immediately notify the other party hereto of any unauthorized or improper use by any Person in the Territory of any Licensed Mark that is reasonably expected, directly or indirectly, to have a material adverse effect on the Licensed Mark or on such other party’s rights over such Licensed Mark, and all particulars relating to such infringement, upon the notifying party having knowledge of same.

4.2. Action by Parent

Parent may, and shall at the Company’s reasonable request, take any action, legal or otherwise, to halt or otherwise in connection with any infringement of Parent’s or the Company’s rights to the Licensed Marks. Parent may require the Company to lend its name to such proceedings and provide reasonable assistance. The Company may, with the prior written consent of Parent (or without the prior written consent of Parent if Parent does not initiate proceedings or otherwise take action within ninety (90) days after the Company’s written request to Parent), initiate proceedings or otherwise take action with respect to any unauthorized use of the Licensed Marks (at Parent’s cost); provided that the Company keeps Parent fully and promptly informed of the conduct and progress of such action or proceedings; and provided, further, that the Company shall not conduct any settlement negotiations or take any step to terminate such proceedings without Parent’s prior written consent. Any damages or settlement amounts recovered for the Licensed Marks in any such action or proceeding shall first be used to reimburse each party hereto for their respective costs incurred in the enforcement action, and then shall belong solely and exclusively to the party that initiated such enforcement action, provided that any amounts recovered with respect to an action initiated by Parent at the Company’s request with respect to the Territory shall belong to the Company.

5. Relationship between Parent and the Company Group

5.1. Other Activities

5.1.1. Within the Territory, Parent shall not, and shall cause any other member of the Parent Group not to, and shall not grant any right to any third party to, individually or as a principal, owner, officer, director, manager, employee, shareholder, promoter, consultant, contractor, partner, member, joint venturer, agent, equity owner, lender or in any other capacity whatsoever, directly or indirectly:

(i) engage or invest in, operate, control, fund, assist, participate in the operation, control or funding, or render services or advice to any Person (other than the Company Group) that owns or operates, any Online Gaming Business;

(ii) advise, request, induce, attempt to induce or otherwise divert any customer, supplier, licensee or other business relation of any member of the Company Group to curtail, limit or cease doing business with any member of the Company Group or in any way interfere with the relationship between any such customer, supplier, joint venture partner, licensee or business relation and any member of the Company Group;

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(iii) directly or indirectly own, acquire, attempt to acquire or solicit the acquisition, or participate in the ownership, acquisition, attempt to acquire or solicitation of the acquisition, of (A) any direct or indirect interests in any Online Gaming Business (other than the Company Group) or (B) any interest in any Person (other than the Company Group) with direct or indirect interests in any Online Gaming Business;

(iv) interfere with any of the direct or indirect interests in the Online Gaming Business or any other business of any members of the Company Group;

(v) license, sublicense, sell or otherwise transfer or confer rights with respect to the Licensed Marks and/or other similar or identical marks to any Person (other than the Company Group) operating the Online Gaming Business; and/or

(vi) in any way attempt to do any of the foregoing or assist any other Person to do or attempt to do any of the foregoing.

(any of the foregoing, a “Restricted Activity”).

5.1.2. Parent acknowledges and agrees that (i) the geographic, activity and time limitations of the provisions contained in this Agreement are fair, reasonable, necessary and properly required for the adequate and legitimate protection of the business interests of the Company Group and (ii) Parent fully understands the nature and purpose of such restrictions and expressly accepts them.

5.1.3. Parent also acknowledges and agrees that, in the event that any geographic, activity or time limitation set forth in this Agreement is deemed to be unreasonable or excessively broad by a court of competent jurisdiction, Parent shall submit to the reduction of either said geographic, activity or time limitation to such geographic, activity or period as the court shall deem reasonable and such offending provision will be construed by limiting or reducing it, so as to be valid and enforceable to the extent compatible with applicable Laws or the determination by a court of competent jurisdiction.

5.1.4. Parent shall submit a written request (a “Request”) to the Governing Body of the Company regarding any action or activity the Parent Group proposes to take in a jurisdiction that is outside the Territory that would be a Restricted Activity, but for the fact that such activity is not conducted within the Territory (a “Potential Opportunity”), other than a Permitted Activity. Each Request shall describe the Potential Opportunity in reasonable detail, including the parties and jurisdictions involved, the proposed action or activity and the related economic and other terms thereof. The Governing Body of the Company shall refer the Request to the Governing Body of Holdco, which shall adopt and submit to the Company a resolution either consenting to Parent’s undertaking of the Potential Opportunity, in which case Parent shall not be prohibited from taking the action or activity to the extent set forth in the Request (a “Consented Potential Opportunity”), or prohibiting Parent’s undertaking of the Potential Opportunity because such Potential Opportunity will instead be undertaken by the Company (a “Rejected Potential Opportunity”), in compliance with Holdco’s conflict of interest, related-party transaction or similar internal policies and procedures in effect from time to time, which, in any case, for the avoidance of doubt, shall require the affirmative vote of the majority of members of the Governing Body of Holdco, excluding non-independent directors of Holdco appointed by Parent. Holdco’s Governing Body’s resolution shall be binding on the Company, which shall promptly inform Parent of Holdco’s Governing Body’s determination; provided, however, that if the Company does not inform Parent of a determination within sixty (60) Business Days following receipt of a Request, such Potential Opportunity shall thereafter be deemed a Consented Potential Opportunity; provided further that any Rejected Potential Opportunity which is not consummated or materially undertaken by the Company within six (6) months of Holdco’s Governing Body’s determination shall thereafter be deemed a Consented Potential Opportunity. Any Consented Potential Opportunity (including, for the avoidance of doubt, any Potential Opportunity that is deemed a Consented Potential Opportunity) shall thereafter be deemed a Permitted Activity for the purposes of this Agreement.

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5.1.5. Notwithstanding anything to the contrary set forth in Sections ‎5.1.1, the members of the Parent Group may at any time engage in any Permitted Activity.

6. Cooperation

The parties hereto agree to use their best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or desirable under applicable Laws to consummate or implement expeditiously the transactions contemplated by this Agreement, including filings with appropriate Governmental Authorities and the receipt of any necessary governmental approvals in respect of the transactions contemplated hereby.

7. Independent Contractor, No Partnership or Joint Venture

Nothing in this Agreement shall be construed to establish a joint venture, partnership, agency, employment or other business relationship between the parties hereto. Neither party is authorized or empowered to act for or represent the other party. Each party hereto agrees not to do or authorize any act which would imply apparent authority to act for any other party.

8. Fees and Expenses

8.1. Fees

As consideration for the license granted by Parent to the Company and its Sublicensees in Section ‎2.1, the Company shall pay to Parent in the manner hereinafter provided for the duration of the Term a royalty equal to the Applicable Percentage of the Net Win (the “Fees”). If the Company and Parent are unable to reach an agreement on the applicable transfer pricing requirements in connection with the Applicable Percentage, the then-applicable Applicable Percentage shall remain in effect until the earlier of (i) the Company terminates the Agreement pursuant to Section ‎11.3 or (ii) Parent and the Company reach an agreement on the Applicable Percentage or fee arrangement and provided, in each case, that the Company shall thereafter indemnify and hold harmless, and cause each other Sublicensee to indemnify and hold harmless, the Parent Group for, and up to, the amount of any tax liabilities incurred by, or imposed on, the Parent Group by a court or tax authority of competent jurisdiction pursuant to a final and non-appealable judgement for any tax periods ending thereafter as a result of any failure of the Applicable Percentage to reflect the minimum applicable transfer pricing requirements.

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8.2. Computation and Payment of Quarterly Fees Amount

The Company shall deliver to Parent each Quarter a detailed written statement of the Fees due to Parent for the prior Quarter (or, in the case of the first completed Quarter after the Effective Date, partial Quarter) based on the Net Win for such Quarter (or partial Quarter). The Company will compute the Fees for each Quarter as soon as practicable following the end of the Quarter with respect to which such payment is due, but in any event no later than forty-five (45) Business Days following the end of such Quarter and will send the corresponding detailed written statement of the Fees due to the Parent. The Company Group shall remit the corresponding payment within fifteen (15) days after the statement date. Any dispute relating to the computation of the Fees for any Quarter shall be resolved in accordance with Section ‎12.4 hereof. Parent shall have the right at its sole cost and expense to cause an independent certified public accountant firm reasonably acceptable to the Company to examine and inspect the books and records of the Company and any Sublicensees for the purpose of determining the accuracy of statements rendered by the Company. Such inspection shall only be permitted during the Company’s normal business hours.

8.3. Expenses

Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement shall be paid by the party incurring such cost or expense.

9. Representations and Warranties of Parent and the Company

9.1. Representations and Warranties of Parent

Parent hereby represents and warrants to the Company that, as of the date hereof and as of the Effective Date:

9.1.1. it is validly organized and existing under the Laws of the Kingdom of Spain;

9.1.2. Schedule A contains a true, correct and complete list of the Licensed Marks;

9.1.3. (i) it is the sole, exclusive and lawful owner of all Licensed Marks, free and clear of all Liens, (ii) it has the full right, ability and authority to license to the Company and any Sublicensees all of the rights granted to Company hereunder, and (iii) the Company has the ability to use and exploit the Licensed Marks as set forth hereunder, without breaching any agreement to which Parent is a party;

9.1.4. the Licensed Marks (i) have not been abandoned, cancelled or adjudged invalid or unenforceable in whole or in part, (ii) have been maintained effective by all requisite filings, renewals and payments and (iii) are subsisting and in full force and effect and, to the Company’s knowledge, valid and enforceable;

9.1.5. there is no other existing license, and Parent has not granted any such license, to any member of the Parent Group or any Person, to use during the Term hereof the Licensed Marks, except to the extent such license is not prohibited by Section ‎5 or is a Permitted Activity;

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9.1.6. there are no actions, claims, suits, legal proceedings or formal investigations pending, or, to the knowledge of Parent, threatened, against or affecting Parent before any court, arbitrator or Governmental Authority (i) contesting the validity, use, ownership, enforceability or registrability of any Licensed Marks; or (ii) alleging that the Licensed Marks infringe, misappropriate or conflict with any marks or intellectual property of any Person;

9.1.7. to the knowledge of Parent, the use of the Licensed Marks by the Company and its Sublicensees in accordance with this Agreement shall not infringe or otherwise violate any third-party intellectual property rights;

9.1.8. it holds, and shall hold, such Permits as are necessary to perform its obligations hereunder and is not aware of, or shall inform the Company promptly upon knowledge of, any reason why such Permits might be cancelled;

9.1.9. it has the power, capacity and authority to enter into this Agreement and to perform its obligations hereunder;

9.1.10. it has taken all necessary action to authorize the execution, delivery and performance of this Agreement;

9.1.11. the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder do not and will not contravene, breach or result in any default under its Governing Instruments, or under any mortgage, lease, agreement or other legally binding instrument, Permit or applicable Law to which it is a party or by which it or any of its properties or assets may be bound, except for any such contravention, breach or default which would not have a material adverse effect on the business, assets, financial condition or results of operations of Parent;

9.1.12. no authorization, consent or approval, or filing with or notice to any Person is required in connection with the execution, delivery or performance by it of this Agreement;

9.1.13. this Agreement constitutes a valid and legally binding obligation, enforceable against it in accordance with its terms, subject to (i) applicable bankruptcy, insolvency, moratorium, fraudulent conveyance, reorganization and other Laws of general application limiting the enforcement of creditors’ rights and remedies generally and (ii) general principles of equity, including standards of materiality, good faith, fair dealing and reasonableness, equitable defenses and limits as to the availability of equitable remedies, whether such principles are considered in a proceeding at law or in equity;

9.1.14. all Licensed Marks are duly registered in the jurisdictions set out in Schedule A. Parent has taken all actions necessary to be taken prior to the date hereof to prosecute and maintain the registration and registration applications of the Licensed Marks, including payment of applicable maintenance fees, filing of all required filings, including renewals, declarations of use, responses to office actions and disclosure of any required information and recording assignments where required pursuant to the applicable Laws or by any Governmental Authority. All registrations of Licensed Marks are subsisting and in good standing and are valid and enforceable;

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9.1.15. the Licensed Marks, along with the Company-Owned IP specified in the Business Combination Agreement constitutes all material Intellectual Property (as this term is defined in the Business Combination Agreement) right used in and necessary for the operation of the Online Gaming Business, and is sufficient for the conduct of such Online Gaming Business as currently conducted and contemplated to be conducted as of the date hereof; and

9.1.16. no loss or expiration of any of the Licensed Marks is expected or threatened in writing, or other than upon expiration of its statutory term in the ordinary course, pending.

9.2. Representations and Warranties of the Company

The Company hereby represents and warrants, on its behalf and on behalf of each of the other Sublicensees, to Parent that, as of the date hereof and as of the Effective Date:

9.2.1. it is validly organized and existing under the Laws of the Kingdom of Spain;

9.2.2. it, or the relevant Sublicensees, holds such Permits necessary to use the Licensed Marks granted to Company hereunder from time to time and is not aware of any reason why such Permits might be cancelled;

9.2.3. it has the power, capacity and authority to enter into this Agreement and to perform its duties and obligations hereunder;

9.2.4. it has taken all necessary action to authorize the execution, delivery and performance of this Agreement;

9.2.5. the execution and delivery of this Agreement by it and the performance by it of its obligations hereunder do not and will not contravene, breach or result in any default under its Governing Instruments, or under any mortgage, lease, agreement or other legally binding instrument, Permit or applicable Law to which it is a party or by which any of its properties or assets may be bound, except for any such contravention, breach or default which would not have a material adverse effect on the business, assets, financial condition or results of operations of the Company and the Sublicensees as a whole;

9.2.6. no authorization, consent or approval, or filing with or notice to any Person is required in connection with the execution, delivery or performance by it of this Agreement; and

9.2.7. this Agreement constitutes a valid and legally binding obligation, enforceable against it in accordance with its terms, subject to: (i) applicable bankruptcy, insolvency, moratorium, fraudulent conveyance, reorganization and other Laws of general application limiting the enforcement of creditors’ rights and remedies generally; and (ii) general principles of equity, including standards of materiality, good faith, fair dealing and reasonableness, equitable defenses and limits as to the availability of equitable remedies, whether such principles are considered in a proceeding at law or in equity.

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10. Liability and Indemnification

10.1. Parent Indemnity

Parent agrees, to the fullest extent permitted by applicable Laws, to indemnify and hold harmless the Company and each Sublicensee, as applicable, and any of their respective directors, officers, agents, members, partners, stockholders and employees and other representatives of the Company Group (each, a “Company Indemnified Party”), on demand, and on an after-tax basis without any withholding or deduction, from and against any claims, liabilities, losses, damages, costs or expenses (including legal fees) payable to third parties (each, a “Loss”) incurred by any Company Indemnified Party in connection with (i) any falsehood, breach or inaccuracy of any representations and warranties included in Section ‎9.1, and/or (ii) any breach by Parent of any of its obligations, undertakings and covenants under this Agreement; provided that no Company Indemnified Party shall be so indemnified with respect to any Loss (i) arising as a result of breach by the Company of any of its representations and warranties in Section ‎9.2, (ii) arising as a result of the exercise of Parent’s rights and obligations under this Agreement, (iii) that is finally determined by a final and non-appealable judgment entered by a court of competent jurisdiction, or pursuant to a settlement agreement agreed to by such Company Indemnified Party, to have resulted from such Company Indemnified Party’s bad faith, fraud, willful misconduct or gross negligence or, in the case of a criminal matter, conduct undertaken with knowledge that the conduct was unlawful, or (iv) that involves a claim for which Parent is entitled to indemnification from the Company pursuant to Section ‎10.2.

10.2. Company Indemnity

The Company agrees, to the fullest extent permitted by applicable Laws, to indemnify and hold harmless, and to cause each other Sublicensee to indemnify and hold harmless, each member of the Parent Group and any directors, officers, agents, members, partners, stockholders and employees and other representatives of the Parent Group (each, a “Parent Indemnified Party”), on demand, and on an after-tax basis without any withholding or deduction, from and against any Losses incurred by any Parent Indemnified Party in connection with (i) any falsehood, breach or inaccuracy of any representations and warranties included in Section ‎9.2, (ii) any breach by the Company of any of its obligations, undertakings and covenants under this Agreement, and/or (iii) any and all actions, suits, investigations, proceedings or claims, whether arising under statute or action of a Governmental Authority or otherwise and in connection with the business, investments and activities of the Company and any Sublicensees or in respect of or arising from this Agreement or the use by the Company and any of its Sublicensees of the Licensed Marks by Company and any Sublicensees; provided that no Parent Indemnified Party shall be so indemnified with respect to any Loss (i) arising as a result of breach by Parent of any of its representations and warranties in Section ‎9.1, (ii) arising as a result of the exercise of the Company’s rights and obligations under this Agreement, (iii) that is finally determined by a final and non-appealable judgment entered by a court of competent jurisdiction, or pursuant to a settlement agreement agreed to by such Parent Indemnified Party, to have resulted from such Parent Indemnified Party’s bad faith, fraud, willful misconduct or gross negligence or, in the case of a criminal matter, conduct undertaken with knowledge that the conduct was unlawful, or (iv) that involves a claim for which the Company is entitled to indemnification from Parent pursuant to Section ‎10.1.

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10.3. Indemnification Procedure

10.3.1. Any party entitled to indemnification under Section ‎10.1 or Section ‎10.2 (an “Indemnified Party”) shall promptly provide written notice to the party obliged to provide indemnification (the “Indemnifying Party”) of any facts or circumstances that, in its reasonable opinion, give rise to an indemnifiable Loss, provided that the failure to notify such Indemnifying Party shall not relieve such Indemnifying Party from any Loss that it may have hereunder except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure. Each notification shall state, with respect to such particular claim: (i) the obligations, covenants or undertakings set forth in this Agreement which have been breached; (ii) a description of the claim; (iii) the nature and to the extent reasonably practicable, the amount of the Loss; and (iv) to the extent already available to an Indemnified Party, any supporting documentation to its claim. The Indemnifying Party shall have ten (10) Business Days from the date of receipt of notification of such claim to respond to the Indemnified Party, indicating whether it accepts or rejects, totally or partially, such indemnification claim. If the Indemnifying Party does not provide a response within such ten (10) Business Days, it shall be understood that the Indemnifying Party accepts such claim. If the Indemnifying Party accepts such claim, it shall become final and binding and the Indemnifying Party shall pay to the Indemnified Party the amount determined in the relevant notification of claim within five (5) Business Days, by means of a wire transfer of immediately available funds without any withholding, deductions or commissions. If the Indemnifying Party rejects such claim, the parties shall resolve the dispute in the Courts set forth in Section ‎12.8.

10.3.2. If Parent, the Company, any Parent Indemnified Parties, any Company Indemnified Parties or any of their respective Affiliates receives notice of any pending or threatened claims, actions, proceedings or investigations asserted by a third party (a “Third Party Claim”) which may give rise to indemnification as an Indemnified Party under this Agreement, the following rules shall apply:

(i) Such Indemnified Party shall submit a notice of claim to the Indemnifying Party within ten (10) Business Days from the receipt of the Third Party Claim (and in any event, to the extent possible, before the expiration of the first one-third (1/3) of the term resulting from the applicable Laws to respond, appeal or oppose such Third Party Claim). Such notice of claim shall include (a) a copy of the Third Party Claim; (b) if available, the value or an estimation of the Third Party Claim (as identified therein); (c) any deadline to reply to the Third Party Claim. Upon the Indemnifying Party´s written request the Indemnified Party shall furnish any other documentation which may be deemed reasonably necessary in order to enable the Indemnifying Party’s defense against such Third Party Claim and that may be available to the Indemnified Party. If the Indemnified Party is Parent, Parent shall also indicate whether it desires to assume the defense of such Third Party Claim (subject to paragraph (ii) below);

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(ii) Parent may, but shall not be obligated to, assume the defense of such Third Party Claim (for the avoidance of doubt, whether Parent is the Indemnified Party or the Indemnifying Party), by providing written notice to the Company within the earlier of (a) ten (10) days of receiving written notice of such Third Party Claim; or (b) before the expiration of the first two-thirds (2/3) of the term resulting from the applicable Laws to respond, appeal or oppose such Third Party Claim. Notwithstanding the foregoing, if Parent does not expressly elect to assume the defense of a Third Party Claim within such deadline, the Company shall have the right to assume the defense of such Third Party Claim. However, in the event of any Third Party Claim against a Company Indemnified Party for equitable or injunctive relief or with respect to potential criminal liability of a Company Indemnified Party, Parent shall not be entitled to assume the defense of such Third Party Claim with respect to the Company Indemnified Party, and the Company shall have the right to assume such defense with respect to the Company Indemnified Party.

(iii) If Parent assumes the defense of any Third Party Claim under the terms of the paragraph (ii) above, it shall not, without the prior written consent of the Company, enter into any settlement or compromise or consent to the entry of any judgment with respect to such Third Party Claim if such settlement, compromise or judgment (a) involves a finding or admission of wrongdoing, fault, culpability or a failure to act by a Company Indemnified Party, (b) does not include an unconditional written release by the claimant or plaintiff from all liability in respect of such Third Party Claim or (c) imposes equitable remedies or any obligation on any Company Indemnified Party other than solely for the payment of monetary damages for which such Company Indemnified Party will be indemnified hereunder. If the Company assumes the defense of any Third Party Claim, the Company shall not, without the prior written consent of Parent (which consent shall not be unreasonably withheld, conditioned or delayed), settle or compromise any action or consent to the entry of any judgment.

(iv) Without prejudice to the foregoing, any Indemnified Party shall retain the right to employ its own counsel and to participate in the defense of any Third Party Claim (regardless of which party leads the defense pursuant to paragraph (iii) above), but such Indemnified Party shall bear and shall be solely responsible for the costs and expenses in connection with such participation, unless (x) the Indemnified Party receives the written opinion of counsel that representation of such Indemnified Party and the Indemnifying Party by the same counsel presents a conflict of interest under applicable standards of professional conduct or (y) the Indemnified Party receives the written opinion of counsel that there may be legal defenses available to such Indemnified Party which are different from or in addition to the defenses available to the Indemnifying Party, and in the reasonable judgment of such counsel it is advisable for such Indemnified Party to employ separate counsel.

10.3.3. The parties agree that payments in respect of Losses shall be made by wire transfer of immediately available funds to one or more accounts designated for such purposes by the Indemnified Party. Consequently, in the event that any amounts are due and payable by the Indemnifying Party to one or more Indemnified Parties under the terms of this Section ‎10, the Indemnifying Party shall pay to each Indemnified Party a sum equal to the amount which, if received by such Indemnified Party, would be necessary to put such Indemnified Party into the financial position it would have had if no such Losses had been incurred or suffered by such Indemnified Party (including legal expenses). The Company shall have the right to set off any amounts for which the Company is entitled to indemnification hereunder against any amounts payable by the Company or any member of the Company Group to Parent under Section ‎8.

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10.3.4. Furthermore, if any indemnification payments pursuant to this Section ‎10 are taxable, the Indemnifying Party shall pay to the Indemnified Party such additional amounts to ensure that the amount received by each Indemnified Party, as applicable, less taxes, is equal to the full amount of indemnification that would otherwise be payable pursuant to this Section ‎10.

10.3.5. The parties hereto expressly acknowledge and agree that the right to indemnity provided in this Section ‎10 shall be in addition to and not in derogation of any other liability which any Indemnifying Party in any particular case may have or of any other right to indemnity or contribution which any Indemnified Party may have by statute or otherwise at Law.

10.3.6. The indemnity provided in this Section ‎10 shall survive for a period of five (5) years following the termination or purported termination of, this Agreement.

10.3.7. Parent and the Company hereby acknowledge and agree that (i) Parent shall be responsible for any breaches of this Agreement by any member of the Parent Group, and (ii) the Company shall be responsible for any breaches of this Agreement by any member of the Company Group, including any Sublicensee. Parent and the Company hereby acknowledge and agree that (i) Parent may enforce any of the covenants in this Section ‎10 on behalf of itself and/or any of the Parent Indemnified Parties, and (ii) the Company may enforce any of the covenants in this Section ‎10 on behalf of itself and/or any member of the Company Group, including any Sublicensee.

11. Term and Termination

11.1. Term

This Agreement shall become effective on the Effective Date and shall continue in effect indefinitely, unless (i) terminated under Section ‎11.2 or ‎11.3 or (ii) the parties hereto otherwise mutually agree in writing (the “Term”).

11.2. Termination by either party

Either party to this Agreement may terminate this Agreement at any time without payment of any termination fee (but without prejudice to any liability that it may have incurred pursuant to the terms and conditions of this Agreement):

(i) if the other party defaults in the performance or observance of any material term, condition or agreement contained in this Agreement in a manner that results in material harm to the non-defaulting party or its group, and such default continues uncured or unremedied for a period of ninety (90) days after written notice thereof specifying such default and requesting that the same be remedied in such 90-day period;

(ii) if a non-affiliated third party or a group of non-affiliated third parties acting in concert with each other, directly or indirectly, acquires in one transaction or a series of related transactions or otherwise becomes the Beneficial Owner of more than fifty percent (50)% of the share capital of Holdco or the Company at the time of such transaction (or series of related transactions); or

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(iii) if the Company Group, directly or indirectly sells, transfers, or conveys to a non-affiliated third party or a group of non-affiliated third parties acting in concert with each other, directly or indirectly, all or substantially all of the assets of (including shares owned by) the Company Group, on a consolidated basis;

provided however that neither Holdco, Parent, and/or one or more of Parent’s future or current Affiliates, successors, assigns or any entity acquiring all or substantially all of the assets and/or businesses of Parent, whether by operation of law or otherwise, shall be deemed to be “non-affiliated third parties” for purposes of Sections ‎11.2(ii) or ‎11.2(iii).

For the avoidance of doubt, Parent’s mere failure to control or own, directly or indirectly, a majority of the share capital of Holdco or the Company will not satisfy the condition in Section ‎11.2(ii) unless a non-affiliated third party or a group of non-affiliated third parties acting in concert with each other, directly or indirectly, acquires in one transaction or a series of related transactions or otherwise becomes the Beneficial Owner of more than fifty percent (50)% of the share capital of Holdco or the Company at the time of such transaction (or series of related transactions).

11.3. Termination by the Company

The Company may terminate this Agreement at any time, upon prior written notice of termination to Parent.

11.4. Effect of Termination and Survival Upon Termination

Termination of this Agreement shall be effective:

(i) in case that the Company terminates this Agreement pursuant to Section ‎11.3, on the date which is ninety (90) days after the date of the written notice submitted by the terminating party pursuant to Section ‎12.10;

(ii) in case of termination as a consequence of a default pursuant to Section ‎11.2(i) above, on the date which is ninety (90) days after the date of the written notice submitted by the terminating party pursuant to Section ‎12.10, unless the default is cured within such 90-day period;

(iii) in case that either Party terminates this Agreement pursuant to either Sections ‎11.2(ii) or ‎11.2(iii), on the date which is two (2) years after the date of the written notice submitted by the terminating party pursuant to Section ‎12.10;

and all of the foregoing dates, shall be deemed to be an effective date of termination of this Agreement as per and for the purposes of Section ‎11.5 below.

If this Agreement is terminated pursuant to this Section ‎11 (but other than as per Section ‎11.2(i)), such termination will be without any further liability or obligation of any party hereto, except as provided in Section ‎1, Section ‎2.7.2, Section ‎5, Section ‎10, Section ‎11.5 and Section ‎11.6 hereof and except for any liabilities incurred by the parties prior to the termination date.

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11.5. Action Upon Termination

11.5.1. From and after the effective date of the termination of this Agreement, Parent shall not be entitled to receive the Fees under this Agreement, but will be paid all Fees accruing to and including the date of termination (including such day).

11.5.2. On the effective date of the termination of this Agreement, the Company shall and shall cause each of its Sublicensees to (i) cease using the Licensed Marks or any derivation thereof in any form and (ii) remove the Licensed Marks or any derivation thereof or any other words associated therewith from its company name including the translation of the Licensed Marks or any derivation thereof in English or any other languages and whether written in Roman script or any other script. The Company shall and shall cause each of its Sublicensees to take such actions as are necessary and appropriate to (i) change its company name to a name that does not include the Licensed Marks, (ii) amend its Governing Instruments accordingly and (iii) have, or cause to have, such name change and such amended Governing Instruments approved by all necessary government, regulatory, securities exchange and other officials. If under the Law of the Territory such a meeting cannot be convened immediately, the meeting shall be convened as soon as such Law permits. Any costs associated with the change of name and logo of the Company and its Sublicensees shall be for the account of the Company. Should the Company or any of its Sublicensees fail to cease using the Licensed Marks or change its company name in accordance with this Section ‎11.5.2, the Company agrees and hereby specifically consents to Parent obtaining a decree of a court having jurisdiction over the Company and/or such Sublicensee ordering the Company and/or such Sublicensee to stop the use of the Licensed Marks in any form. Said consent is based on a recognition by the Company that a monetary payment would be inadequate remedy for Parent. Nevertheless, it is understood between the parties hereto that, in addition to the injunctive relief mentioned above, Parent shall be entitled to any other relief which may be deemed proper and customary, whether at law or equity, as of the time such relief is sought.

11.5.3. On the effective date of the termination of this Agreement, (i) Parent shall forthwith deliver to the Company’s Executive Management all property and documents of the Company or any Sublicensees then in the custody of the Parent Group and (ii) the Company shall forthwith deliver to Parent all property and documents of Parent then in the custody of the Company Group.

11.5.4. If Parent terminates this Agreement pursuant to either Sections ‎11.2(ii) or ‎11.2(iii), for a period of five (5) years after the effective date of the termination of this Agreement, the Parent Group shall not use the Licensed Marks, or otherwise license, sublicense, sell or otherwise transfer or confer rights with respect to the Licensed Marks to any Person, in connection with the operation of any Online Gaming Business (either by Parent or any third party) within any of the jurisdictions that comprise the Territory as of the effective date of the termination of this Agreement.

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11.6. Preservation of Remedies

Termination of this Agreement is without prejudice to the rights of either party with regard to a breach by the other party of this Agreement, or any obligation surviving termination or expiration of this Agreement. Full legal remedies remain available for any such breach or continuing obligation, including the right to recover damages or to secure other appropriate relief.

12. General Provisions

12.1. Amendment, Waiver

12.1.1. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement, or in the case of a waiver, by the party against whom the waiver is to be effective.

12.1.2. No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by Law.

12.2. Assignment

12.2.1. This Agreement shall not be assigned by Parent without the prior written consent of the Company, except pursuant to Section ‎2.2 or in the case of assignment to a Person that is Parent’s successor by merger, consolidation or purchase of assets, in which case the successor shall be bound under this Agreement and by the terms of the assignment in the same manner as Parent is bound under this Agreement. In addition, provided that Parent provides prior written notice to the Company for informational purposes only, nothing contained in this Agreement shall preclude any pledge, hypothecation or other transfer or assignment of Parent’ rights under this Agreement, including any amounts payable to Parent under this Agreement, to a bona fide lender as security.

12.2.2. This Agreement shall not be assigned by the Company without the prior written consent of Parent, except in the case of assignment by the Company to a Person that is its successor by merger, consolidation or purchase of assets, in which case the successor shall be bound under this Agreement and by the terms of the assignment in the same manner as the Company is bound under this Agreement.

12.2.3. Any purported assignment of this Agreement in violation of this Section ‎12.2 shall be null and void.

12.3. Failure to Pay When Due

If payment in full in respect of any statement of the Fees due to Parent is not received by the Parent Group from the Company Group as provided in Section ‎8.2 (except for any amount in good faith disputed as provided in Section ‎12.4), Parent shall have the right, after giving sixty (60) days’ prior written notice thereof to the Company, to suspend the use of all or any portion of the Licensed Marks until such time as the Company Group has paid in full all amounts then overdue.

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12.4. Disputes and Resolution

Within sixty (60) days following the receipt of the applicable statement of the Fees due to Parent in accordance with Section ‎8.2, Parent shall notify the Company in writing of any amounts paid by the Company Group (or required to be paid by the Company Group) that are in dispute and reasonably detail the basis therefor. Upon receipt of such notice, the Company will research the items in question in a reasonably prompt manner and cooperate with Parent to resolve any such dispute. The disputed Fees shall be paid to Parent within fifteen (15) days after settlement of such dispute to the extent owed to Parent.

12.5. Invalidity of Provisions

Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable Law, the parties hereto waive any provision of Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties hereto will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

12.6. Entire Agreement

This Agreement constitutes the entire agreement between the parties hereto pertaining to the subject matter of this Agreement. There are no warranties, conditions, or representations (including any that may be implied by statute) and there are no agreements in connection with such subject matter except as specifically set forth or referred to in this Agreement. No reliance is placed on any warranty, representation, opinion, advice or assertion of fact made either prior to, contemporaneous with, or after entering into this Agreement, by any party to this Agreement or its directors, officers, employees or agents, to any other party to this Agreement or its directors, officers, employees or agents, except to the extent that the same has been reduced to writing and included as a term of this Agreement, and none of the parties to this Agreement has been induced to enter into this Agreement by reason of any such warranty, representation, opinion, advice or assertion of fact. Accordingly, there will be no liability, either in tort or in contract, assessed in relation to any such warranty, representation, opinion, advice or assertion of fact, except to the extent contemplated above.

12.7. Limitation of Liability

NOTWITHSTANDING ANYTHING ELSE SET OUT HEREIN, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY OR ANY THIRD PARTY FOR ANY SPECIAL, CONSEQUENTIAL, EXEMPLARY OR INCIDENTAL DAMAGES (INCLUDING LOST PROFITS) ARISING FROM ANY CLAIM RELATING TO THIS AGREEMENT, WHETHER THE CLAIM FOR SUCH DAMAGES IS BASED ON WARRANTY, CONTRACT, TORT (INCLUDING NEGLIGENCE OR STRICT LIABILITY) OR OTHERWISE, EVEN IF SUCH PARTY IS ADVISED OF, KNOWS OF OR SHOULD KNOW OF THE POSSIBILITY OR LIKELIHOOD OF SAME.

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12.8. Governing Law and Choice of Court

This Agreement shall be governed by and construed in accordance with the internal Laws of the Kingdom of Spain (Derecho común español). This Agreement, and any disputes arising out of or in connection with it, its subject matter, existence, negotiation, validity, termination or enforceability (including non-contractual disputes or claims) and including all matters of constructions, interpretation, validity and performance will in all respects be finally settled by the Courts of the City of Madrid.

12.9. Enurement

This Agreement will enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.

12.10. Notices

Any notice, demand or other communication to be given under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given (i) when delivered personally to the recipient, (ii) when sent by confirmed electronic mail if sent during normal business hours of the recipient; but if not, then on the next Business Day, or (iii) one Business Day after it is sent to the recipient by overnight courier service (charges prepaid). Such notices, demands and other communications shall be sent to the addresses specified below, or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party. Any party may change such party’s address for receipt of notice by giving prior written notice of the change to the sending party as provided herein. Notices and other communications will be addressed as follows:

If to the Company:

Servicios de Juego Online S.A.U.
Oscar Iglesias Sánchez
Oscar.iglesias@codere.com
Avenida de Bruselas 26, 28108, Alcobendas, Madrid
+34 913 542 836

With a copy to:

DD3 Acquisition Corp. II
Pedregal 24, Piso 3, Colonia Molino del Rey
Delegación Miguel Hidalgo
México C.P. 11040
Attn: Martín Werner and Daniel Salim
Email: martin.werner@dd3.mx and daniel.salim@dd3.mx

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If to Parent:

Codere Newco, S.A.U.
Attn: Ángel Corzo Uceda
Avenida de Bruselas 26, 28108, Alcobendas, Madrid
Ángel.corzo@codere.com
Tel: +34 913 542 836

12.11. Further Assurances

Each of the parties hereto will promptly do, make, execute or deliver, or cause to be done, made, executed or delivered, all such further acts, documents and things as the other party hereto may reasonably require from time to time for the purpose of giving effect to this Agreement and will use reasonable efforts and take all such steps as may be reasonably within its power to implement to their full extent the provisions of this Agreement.

12.12. Counterparts

This Agreement may be signed in counterparts and each of such counterparts will constitute an original document and such counterparts, taken together, will constitute one and the same instrument.

(Signature pages follow)

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In witness whereof, the parties have executed this Agreement as of the date first written above.

Servicios de Juego Online S.A.U. as Company
By:	/s/ Óscar Iglesias Sánchez
	Name:	Óscar Iglesias Sánchez
	Title:	Director
By:	/s/ Ángel Corzo Uceda
	Name:	Ángel Corzo Uceda
	Title:	Director

Codere Newco, S.A.U. as Parent
By:	/s/ Vicente Di Loreto
	Name:	Vicente Di Loreto
	Title:	Authorized Signatory

[Signature page to Relationship and License Agreement]

Exhibit A

NEW MARK NOTICE

[Date]

Servicios de Juego Online S.A.U.
[Address of Company]

Re: Relationship and License Agreement dated June 21, 2021

Pursuant to the captioned Agreement, you are hereby notified that effective as of the date hereof the undersigned consents to the inclusion of the proprietary [service name] [logo] [insert or attach an exhibit] (the “New Mark”), as a “Licensed Mark” for the purposes of the Agreement. You may only use the New Mark subject to and in accordance with the Agreement.

In connection herewith, the undersigned hereby repeats and restates, as of the date hereof, the representation appearing in Section ‎2.3 of the Agreement with respect to the New Mark.

Sincerely,
[NAME OF LICENSOR]
By:
	Name:
	Title:

ACKNOWLEDGED AND AGREED:

[NAME OF LICENSEE]
By:
	Name:
	Title:

Schedule B

EXISTING DOMAIN NAMES

Domain Name	Owner/Holder
codere.co	Codere Newco, S.A.U.
codere.com.co	Codere Colombia. S.A.
codere.es	Codere S.A.
codere.mx	Codere Newco, S.A.U.
codere.pa	Codere Newco, S.A.U.
coderescommesse.eu	Codere Newco, S.A.U.
coderescommesse.it	Codere Newco, S.A.U.
coderescommesse.net	Codere Newco, S.A.U.
coderescommesse.org	Codere Newco, S.A.U.
codereslots.com	Codere Newco, S.A.U.
codereslots.es	Miguel Angel de la Calle Sanz
greenplay.co	Codere Newco, S.A.U.
greenplay.com	Codere Newco, S.A.U.
greenplay.com.co	Codere Newco, S.A.U.
greenplay.com.mx	Codere Newco, S.A.U.
greenplay.it	Codere S.A.
greenplay.mx	Codere Newco, S.A.U.