ELYS GAME TECHNOLOGY, CORP. : Change of directors or senior management, financial statements and supporting documents (form 8-K)

Item 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain agents.

At January 5, 2022, Elys Game Technology, Corp. (the “Company” or “Elys”) promoted Carlo Reali, 53, as Interim Financial Director and Senior Accounting Director. Mr. Reali joined the Company in january 2017 as CFO of Multigioco Srl, a 100% subsidiary, and on
October 15, 2020, was appointed and served as the company’s group financial controller based in the company’s administrative office in Frascati, Italy. Before joining the Company, Mr. Reali was Chairman and Chief Financial Officer of SISSrl from January 2001 until its acquisition in july 2015 by SNAI SpA, a leader in the Italian gaming market, and remained at SNAI as Executive Finance Manager until august 2016. Mr. Reali holds a science degree from Instituto S. Maria in Rome, Italy and a degree in economics and commerce from University of La Sapienza in Rome, Italy. There is no family relationship between Mr. Reali and any director or executive officer of the Company.

We do not have a formal employment or compensation agreement with Mr. Reali; yet, Mr. Reali will continue to receive the same compensation he currently receives, an annual base salary of $ 86,000.

At January 5, 2022, Mark Korb has resigned from his position as Chief Executive Officer of Elys. As part of his resignation, the Company entered into an amendment to that of Mr. Korb employment contract with the Company (the “Amendment”) to provide that he will be employed by the Company as a non-managerial employee with the title of “Head of Corporate Affairs”, reporting directly to the Executive Chairman and that As such, he is responsible, among other things, for various initiatives and corporate activities related to growth and capital strategies. All other conditions of the employment contract remain the same.

The foregoing description of the Amendment is qualified in its entirety by reference to the copy of the Amendment filed as an attachment.

10.1 to this current report on Form 8-K and is incorporated by reference in this Section 5.02.

Article 9.01. Financial statements and supporting documents.

(d) Exhibits.

Number     Exhibit Description

  10.1       Amendment, effective January 5, 2022, to Employment Agreement, dated
           July 5, 2021, by and between Elys Game Technology, Corp. and Mark J.
104        Cover Page Interactive Data File (embedded within the Inline XBRL

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