Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 6, 2022, the compensation committee (the "Committee") of the board of directors of Motorsport Games Inc., a Delaware corporation (the "Company"), approved and authorized the grant of the following incentive options pursuant to the Motorsport Games Inc. 2021 Equity Incentive Plan (the "Plan"): (i) option to purchase 66,307 shares of the Company Class A common stock to Dmitry Kozko, the Chief Executive Officer of the Company, (ii) Option to purchase 76,143 shares of the Company Class A common stock to Jonathan New, the Chief Financial Officer of the Company and (iii) Option to purchase 29,593 shares of the Company Class A common stock to Stephen Hood, the President of the Company. Each of these options will vest in three equal annual installments beginning on January 6, 2023.

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