Form of Plan of Conversion of Motorsport Gaming US LLC

Exhibit 2.1

FORM OF PLAN OF CONVERSION

OF

MOTORSPORT GAMING US LLC

This Plan of Conversion (the “Plan of Conversion”) is adopted as of __________, 2020 to convert Motorsport Gaming US LLC, a Florida limited liability company (the “Converting Entity”), into Motorsport Games Inc., a Delaware corporation (the “Converted Entity”) by the Converting Entity and its sole member (the “Member”).

1. The Converting Entity is a limited liability company governed by the laws of the State of Florida.

2. The Converted Entity will be a Delaware corporation governed by the laws of the State of Delaware. The Converting Entity is continuing its existence in the organizational form of the Converted Entity.

3. The Manager shall file or cause to be filed with the Florida Department of State Division of Corporations the Articles of Conversion attached hereto as Exhibit A, and the date on which such document is filed by the Florida Department of State Division of Corporations shall be the “Effective Date.”

4. The Manager shall file or cause to be filed with the Delaware Secretary of State a Certificate of Conversion attached hereto as Exhibit B on the Effective Date.

5. The Converted Entity will be governed by the laws of the State of Delaware and the terms and conditions of the Certificate of Incorporation (the “Certificate”) attached hereto as Exhibit C; and in its internal organizational documents including its Bylaws (the “Bylaws”) attached hereto as Exhibit D.

6. On the effectiveness of the conversion [____] shares of Class B Common Stock (the “Class B Common Stock”) will be issued by the Converted Entity to the holders of outstanding ownership interest and each holder of outstanding ownership interest in the Converting Entity immediately prior to the conversion will receive Common Stock of the Converted Entity equivalent to the holder’s ownership interest in the Converting Entity, as set forth in Exhibit E attached hereto.

7. This Conversion Plan shall become effective upon the Effective Date.

[Signature page follows]

IN WITNESS WHEREOF, the undersigned party, on behalf on the Converting Entity, has executed this Conversion Plan as of the date first above written.

EXHIBIT A

FLORIDA ARTICLES OF CONVERSION

[See Exhibit 2.3 to the Registration Statement]

EXHIBIT B

DELAWARE CERTIFICATE OF CONVERSION

[See Exhibit 2.2 to the Registration Statement]

EXHIBIT C

Certificate of Incorporation

[See Exhibit 3.3 to the Registration Statement]

EXHIBIT D

Bylaws

[See Exhibit 3.4 to the Registration Statement]

EXHIBIT E

llc ownership interest to share conversion