Elys Game Technology, Corp. Annual report pursuant to Section 13 and 15(d)

4. Restricted Cash

12 Months Ended

Dec. 31, 2021

4. Restricted Cash

Restricted cash consists of the following:

	·	cash held in a segregated bank account at Intesa Sanpaolo Bank S.p.A. (“Intesa Sanpaolo Bank”) as collateral against a bank loan with Intesa Sanpaolo Bank for Multigioco. In the prior year we held funds at Wirecard Bank as a security deposit for Ulisse betting operations, this deposit was returned during the current year.
	·	In the prior year, the Company maintained a $500,000 security deposit at Metropolitan Commercial Bank as security against a $500,000 line of credit, refer note 10 below.