Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On January 22, 2021, the board of directors (the "Board") of Elys Game
Technology, Corp. ("the "Company") pursuant to the Company's employment
agreement with Michele Ciavarella, dated December 31, 2018, as amended July 5,
2019 and December 30, 2020, in lieu of $140,000 of base salary payable to him in
respect of calendar year ending December 31, 2021, issued Mr. Ciavarella a
restricted stock grant ("RSUs") under its 2018 Equity Incentive Plan, as amended
(the "Plan"), vesting upon issuance, to purchase 24,476 shares of the Company's
common stock.
In addition, on January 22, 2021, in lieu of $1,003,265.12 of accrued salary
payable to him, the Board issued Mr. Ciavarella RSUs under its Plan, vesting
upon issuance, to purchase 175,396 shares of the Company's common stock.
On January 22, 2021, as a performance bonus award, the Board issued Alessandro
Marcelli, Beniamino Gianfelici, Luca Pasquini, Gabriele Peroni and Franco
Salvagni RSUs under its Plan, vesting upon issuance, to purchase 34,002, 63,278,
44,968, 74,294 and 70,807 shares of the Company's common stock, respectively.
On January 22, 2021, in lieu of $30,000 of accrued director fees payable to him,
the Board issued Steve Shallcross RSUs under its Plan, vesting upon issuance, to
purchase 5,245 shares of the Company's common stock.
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ELYS BMG GROUP, INC. 
