Exhibit 10.18

NTN BUZZTIME, INC.

2004 PERFORMANCE INCENTIVE PLAN

STOCK UNIT AGREEMENT

THIS STOCK UNIT AGREEMENT (the “Agreement”), dated                     , 20    
(the “Grant Date”) between NTN Buzztime, Inc., a Delaware corporation (the
“Corporation”), and                                          (the “Recipient”),
is entered into as follows:

WHEREAS, the continued commitment of the Recipient is considered by the
Corporation to be important for the Corporation’s continued growth; and

WHEREAS, in order to give the Recipient an incentive to continue in the employ
or service of the Corporation and to assure his or her continued commitment to
the success of the Corporation, the Compensation Committee of the Board of
Directors of the Corporation or its delegates (the “Committee”) has determined
that the Recipient shall be granted units (“Stock Units”) representing
hypothetical shares of the Corporation’s Common Stock, with each Stock Unit
equal in value to one share of the Corporation’s Common Stock, subject to the
restrictions stated below and in accordance with the terms and conditions of the
NTN Buzztime, Inc. 2004 Performance Incentive Plan (the “Plan”), a copy of which
can be obtained by written or telephonic request to the Stock Plan
Administrator.

THEREFORE, the parties agree as follows:

1. Grant of Stock Units. Subject to the terms and conditions of this Agreement
and of the Plan, the Corporation hereby grants to the Recipient Stock Units
covering                                          shares of Stock (the
“Shares”).

2. Vesting Schedule. Subject to the Recipient’s not experiencing a termination
of employment or service during the following vesting period, the interest of
the Recipient in the Stock Units shall vest as follows: 100% of the Shares shall
vest on the fourth anniversary of the Grant Date; provided that in the event the
Corporation achieves one or all of the revenue targets set forth below, a
portion of the Stock Units shall immediately vest on the applicable date set
forth below:

 

Date

  

Revenue Target

   % Acceleration   March 15, 2010    5% revenue growth over 2008 revenue    10
% March 15, 2011    17% revenue growth over 2008 revenue    40 % March 15, 2012
   30% revenue growth over 2008 revenue    50 %

The vesting schedule requires continued employment or service through each
applicable vesting date as a condition to the vesting and the rights and
benefits under this Agreement. Partial employment or service, even if
substantial, during any vesting period will not entitle the Recipient to any
proportionate vesting or avoid or mitigate a termination of rights and benefits
upon or following a termination of employment or service as provided in
Section 4(b) below or under the Plan.

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Additional vesting may apply under the circumstances specified in Section 5
below.

3. Benefit Upon Vesting. Upon the vesting of the Stock Units and subject to any
limitations set forth in this Agreement, the Recipient shall be entitled to
receive, and the Corporation shall as soon as reasonably practicable (but in any
event, within the period ending on the later to occur of the date that is two
and one half (2 1/2) months after the end of (a) the Recipient’s tax year that
includes the applicable vesting date, or (b) the Corporation’s tax year that
includes the applicable vesting date) issue to the Recipient, a number of Shares
equal to the number of Stock Units that have vested on the applicable vesting
date subject to Section 7 below.

 

4. Restrictions.

(a) Except as otherwise provided for in this Agreement, the Plan or applicable
law, the Stock Units or any related rights granted hereunder may not be sold,
pledged or otherwise transferred until the Stock Units become vested in
accordance with Section 2 and the Shares are issued under Section 3. The period
of time between the date hereof and the date the Stock Units become fully vested
is referred to as the “Restriction Period.”

(b) Except as otherwise provided for in this Agreement, if the Recipient’s
employment or service with the Corporation is terminated at any time for any
reason, prior to the lapse of the Restriction Period, all Stock Units granted
hereunder that have not vested by such termination date and that are held by the
Recipient as of such date shall be forfeited by, and no further rights shall
accrue to, the Recipient, without payment of any consideration by the
Corporation and without any other action by the Recipient or the Recipient’s
beneficiary or personal representative, as the case may be. If the Recipient is
employed or engaged by a Subsidiary and that entity ceases to be a Subsidiary,
such event shall be deemed to be a termination of employment or service of the
Recipient for purposes of this Agreement, unless the Recipient otherwise
continues to be employed or engaged by the Corporation or another of its
Subsidiaries following such event.

5. Change in Control. Notwithstanding any contrary vesting period or other
limitation or restriction in this Agreement or the Plan, in the event of a
Change in Control Event (as defined in Section 7.3 of the Plan), the Stock Units
shall become fully vested (and any Shares subject hereto shall be issued and
settled and the Stock Units shall terminate) effective as of immediately prior
to and contingent upon consummation of the Change in Control Event.

6. No Stockholder Rights. Stock Units represent hypothetical shares of Common
Stock. During the Restriction Period, and except as otherwise provided for under
the Plan or this Agreement, the Recipient shall not be entitled to any of the
rights or benefits (including without limitation any voting or dividend rights)
generally accorded to stockholders.

7. Taxes. To meet the obligations of the Corporation (or a Subsidiary if the
Recipient is employed by an entity other than the Corporation) and the Recipient
with respect to any income or employment withholding taxes, FICA contributions,
or the like under any federal, state, local or foreign statute, ordinance, rule,
or regulation in or connection with the award grant, vesting or settlement of
the Stock Units, the Corporation may, at its sole discretion, either require the

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Recipient to deposit with the Corporation an amount of cash sufficient to meet
such obligations and/or, withhold the required amounts from the Recipient’s pay
during the pay periods immediately preceding the date on which any such
applicable withholding tax or similar obligation otherwise arises. The
Corporation may also in lieu of or in addition to the foregoing, at its sole
discretion, withhold a number of shares of Common Stock otherwise deliverable
under this award having a fair market value sufficient to satisfy the statutory
minimum (or such higher amount as is allowable without adverse accounting
consequences) of the Recipient’s estimated total federal, state, local and/or
foreign tax obligations associated with the grant, vesting or settlement of the
Stock Units. The Corporation shall not deliver any of the Shares until and
unless the Recipient has made the deposit required herein or proper provision
for all applicable tax withholding and similar obligations has been made. The
Recipient hereby consents to any action reasonably taken by the Corporation to
meet all or any of such obligations.

8. Data Privacy Consent. The Recipient hereby explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of
the Recipient’s personal data as described in this document by the Corporation
for the exclusive purpose of implementing, administering and managing the
Recipient’s participation in the Plan. The Recipient understands that the
Corporation holds certain personal information about the Recipient, including,
but not limited to, name, home address and telephone number, date of birth,
social security or insurance number or other identification number, salary,
nationality, job title, any shares of stock or directorships held in the
Corporation, details of all options or any other entitlement to shares of stock
awarded, canceled, purchased, exercised, vested, unvested or outstanding in the
Recipient’s favor for the purpose of implementing, managing and administering
the Plan (“Data”). The Recipient understands that the Data may be transferred to
any third parties assisting in the implementation, administration and management
of the Plan, that these recipients may be located in the Recipient’s country or
elsewhere and that the recipient country may have different data privacy laws
and protections than the Recipient’s country. The Recipient understands that the
Recipient may request a list with the names and addresses of any potential
recipients of the Data by contacting the Stock Plan Administrator. The Recipient
authorizes the recipients to receive, possess, use, retain and transfer the
Data, in electronic or other form, for the purposes of implementing,
administering and managing the Recipient’s participation in the Plan, including
any requisite transfer of such Data, as may be required to a broker or other
third party with whom the Recipient may elect to deposit any Stock acquired
under the Plan. The Recipient understands that Data will be held only as long as
is necessary to implement, administer and manage participation in the Plan. The
Recipient understands that the Recipient may, at any time, view Data, request
additional information about the storage and processing of the Data, require any
necessary amendments to the Data or refuse or withdraw the consents herein, in
any case without cost, by contacting the Stock Plan Administrator in writing.
The Recipient understands that refusing or withdrawing consent may affect the
Recipient’s ability to participate in the Plan. For more information on the
consequences of refusing to consent or withdrawing consent, the Recipient
understands that he or she may contact the Stock Plan Administrator at the
Corporation.

9. Plan Information. The Recipient acknowledges that the Recipient has received
copies of the Plan and the Plan prospectus from the Corporation and agrees to
receive stockholder information, including copies of any annual report, proxy
statement and periodic report, from the

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SEC Filings section in the Investor Relations section of the Corporation’s
website at www.ntnbuzztime.com. The Recipient acknowledges that copies of the
Plan, Plan prospectus, Plan information and stockholder information are also
available upon written or telephonic request to the Stock Plan Administrator.

10. Recipient Acknowledgments. By accepting this grant of Stock Units, the
Recipient acknowledges and agrees that the Plan is established voluntarily by
the Corporation, it is discretionary in nature and may be modified, amended,
suspended or terminated by the Corporation at any time unless otherwise provided
in the Plan or this Agreement. The Recipient acknowledges that all decisions
with respect to future grants, if any, will be at the sole discretion of the
Corporation. The Recipient’s participation in the Plan shall not create a right
to further employment or service with the Corporation and shall not interfere
with the ability of the Corporation to terminate the Recipient’s employment or
service relationship at any time with or without cause and it is expressly
agreed and understood that employment or service is terminable at the will of
either party, insofar as permitted by law. The Recipient agrees that stock
units, stock unit grants and resulting benefits are an extraordinary item that
do not constitute compensation of any kind for services of any kind rendered to
the Corporation and are outside the scope of the Recipient’s employment or
service contract, if any. Stock units, stock unit grants and resulting benefits
are not part of normal or expected compensation or salary for any purposes,
including, but not limited to calculating any severance, resignation,
termination, redundancy, end of service payments, bonuses, long-service awards,
pension or retirement benefits or similar payments insofar as permitted by law.
In the event that the Recipient is not an employee of the Corporation, this
grant of Stock Units will not be interpreted to form an employment contract or
relationship with the Corporation or any Subsidiary of the Corporation. The
Recipient acknowledges that the future value of the Shares is unknown, may
increase or decrease from the date of grant or vesting of the Stock Unit and
cannot be predicted with certainty. In consideration of this grant of Stock
Units, no claim or entitlement to compensation or damages shall arise from
termination of this grant of Stock Units or diminution in value of this grant of
Stock Units resulting from the Recipient’s termination of employment or service
by the Corporation (for any reason whatsoever and whether or not in breach of
applicable laws).

10. Code Section 409A Matters. The Company has attempted in good faith to
structure the Stock Units in a manner that conforms to the requirements of Code
Section 409A(a)(2), (3) and (4), and any ambiguities herein will be interpreted
to so comply with these requirements to the maximum extent permissible. To the
extent the IRS challenges whether the Stock Units in fact comply with Code
Section 409A(a)(2), (3) and (4), the Recipient shall be fully responsible for
any additional taxes, penalties and/or interest that might apply as a result of
any adverse determination resulting from such challenge. To the extent the Stock
Units contemplate multiple distribution dates, each amount to be paid (Shares to
be distributed) hereunder on any particular distribution date is designated as a
separate payment and such payments will not collectively be treated as a single
payment. Notwithstanding anything else to the contrary in this Agreement or the
Plan, the Company may accelerate distribution of Shares under this Agreement
only in accordance with Treas. Reg. §1.409A-3(j)(4).

11. Miscellaneous.

(a) The Corporation shall not be required to treat as the owner of Stock Units,
and associated benefits hereunder, any transferee to whom such Stock Units or
benefits shall have been so transferred in violation of this Agreement.

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(b) The parties agree to execute such further instruments and to take such
action as may reasonably be necessary to carry out the intent of this Agreement.

(c) Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon delivery to the Recipient at the
Recipient’s address then on file with the Corporation.

(d) The Plan is incorporated herein by reference. The Plan and this Agreement
constitute the entire agreement of the parties with respect to the subject
matter hereof and supersede in their entirety all prior undertakings and
agreements of the Corporation and the Recipient with respect to the subject
matter hereof, and may not be modified adversely to the Recipient’s interest
except by means of a writing signed by the Corporation and the Recipient. This
Agreement is governed by the laws of the state of Delaware. In the event of any
conflict between the terms and provisions of the Plan and this Agreement, the
Plan terms and provisions shall govern. Capitalized terms used but not defined
in this Agreement have the meanings assigned to them in the Plan. Certain other
important terms governing this contract are contained in the Plan.

(e) The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or
in part, the remaining provisions shall nevertheless be binding and enforceable.

 

Accepted by Recipient:       NTN BUZZTIME, INC.

 

    By:  

 

[Recipient Name]     Name:  

 

    Title:  

 

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