Document:

Exhibit 4.1

 

Transfer
of Loan Agreement

(Unofficial
Summary English Translation Solely for Convenience)

 

Party
A: Shandong SNTON Optical Materials Technology Co., Ltd. (the “Shandong SNTON”)

Legal Representative:
Zengyong Wang

 

Party
B: Shandong Shengjia Industrial Park Operation and Management (“Shandong Shengjia”)

Legal Representative:
Yawen Zhang

 

Considering:

 

In
April 2014, Fuwei Films (Shandong) Co., Ltd. (the “Fuwei Shandong”) entered into one Use of Capital
Agreement with Shandong SNTON pursuant to which Fuwei Shandong obtained a loan for a total amount of RMB105.0 million from Shandong
SNTON to pay off certain short-term loans due to Bank of Communications Co., Ltd. The interest shall be calculated at the
benchmark rate, plus an additional 20% of the said benchmark rate, for the loan of the same term announced by the People’s
Bank of China. The interest must be paid quarterly and settled in full at the end of the year. As of December 31, 2014, the
principal of this loan and the interest have not been paid. In March 2015, the Fuwei Shandong entered into a supplemental
agreement with Shandong SNTON pursuant to which the parties agreed that Fuwei Shandong will pay off the principal of this loan
plus interest upon availability of new loans from banks or other financial institutions. To date, Fuwei Shandong paid back part
of the loan.

 

Shandong SNTON and Shandong Shengjia have
agreed on terms and conditions set forth as below:

 

		1.	Shandong SNTON transferred the remaining principal of this loan together with the related interest
to Shandong Shengjia.

 

		2.	The consideration of this transfer is 87.02 million and payment has been made on June 4, 2020.

 

Any dispute arising from this Agreement
shall be settled through arbitration. If no agreement can be reached through arbitration, both parties shall have the right to
bring an action against the other party with the court where the agreement is signed.

 

This agreement is in duplicates and each
party holds one copy.

 

Shandong SNTON Optical Materials Technology
Co., Ltd. (chop)

 

Shandong
Shengjia Industrial Park Operation and Management (chop)

 

Date:
June 10, 2020.Exhibit 4.2

 

Transfer
of Loan Agreement

(Unofficial
Summary English Translation Solely for Convenience)

 

Party
A: Shandong Shengjia Industrial Park Operation and Management (“Shandong Shengjia”)

Legal Representative:
Yawen Zhang

 

Party
B: Shanghai Meicheng Enterprise Management Co., Ltd., (“Shanghai Meicheng”)

Legal Representative:
Miaomiao Yan

 

Considering:

 

Shandong
SNTON and Shandong Shengjia have entered into a transfer of loan agreement pursuant to which Shandong SNTON transferred
the remaining principal of its loan to Fuwei Shandong together with the related interest to Shandong Shengjia.

 

Shandong
Shengjia and Shanghai Meicheng have agreed on terms and conditions set forth as below:

 

		1.	Shandong Shengjia transferred the remaining principal of its loan to Fuwei Shandong and the related
interest to Shanghai Meicheng.

 

		2.	After this transfer of the loan, Shandong Shengjia shall no longer have the right to this loan.

 

Any dispute arising from this Agreement
shall be settled through arbitration. If no agreement can be reached through arbitration, both parties shall have the right to
bring an action against the other party with the court where the agreement is signed.

 

This agreement is in duplicates and each
party holds one copy.

 

Shandong
Shengjia Industrial Park Operation and Management (chop)

 

Shanghai
Meicheng Enterprise Management Co., Ltd. (chop)

 

Date:
June 16, 2020.Exhibit
    10.1	CONFIDENTIAL

 

OMNIBUS
AMENDMENT AND AGREEMENT

 

This
OMNIBUS AMENDMENT AND AGREEMENT (this “Amendment”) is entered into as of November 19, 2020 (the “Effective
Date”) by and among eGames.com Holdings LLC, a Nevada limited liability company (“Purchaser”), NTN
Buzztime, Inc., a Delaware corporation (the “Company”) and Fertilemind Management, LLC, a Delaware limited
liability company (“Fertilemind”). Capitalized terms used in this Amendment and not defined in this Amendment
have the meanings give to them in the APA (as defined below).

 

WHEREAS,
Purchaser and the Company are parties to that certain asset purchase agreement made as of September 18, 2020 (the “APA”).

 

WHEREAS,
in connection with entering into the APA, the Company received the Bridge Loan from Fertilemind, on behalf of Purchaser, and the
Company issued the Bridge Note evidencing the Bridge Loan to Fertilemind.

 

WHEREAS,
the Company desires to obtain an additional $500,000 loan from or on behalf of Purchaser, and Purchaser is willing to make such
additional loan, or cause Fertilemind to make such additional loan, to the Company, on the terms set forth herein and on the terms
set forth in the promissory note the Company will issue evidencing such loan.

 

WHEREAS,
Section 10.1 of the APA states the APA may not be amended or modified except by a writing executed by all of the parties thereto.

 

WHEREAS,
Section 10 of the Bridge Note states that any provision thereof may be amended, waived or modified (either generally or in a particular
instance and either retroactively or prospectively) only with the written consent of the Company and the holder thereof.

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.
Second Bridge Loan.

 

(a)
On December 1, 2020, Purchaser shall loan, or shall cause Fertilemind, on behalf of Purchaser, to loan, $500,000 to the Company
(the “Second Bridge Loan”) by wire transfer of immediately available funds to an account designated by the
Company in writing delivered to Purchaser on or before December 1, 2020.

 

(b)
On December 1, 2020, the Company shall issue a promissory note evidencing the Second Bridge Loan, substantially in the form attached
hereto as Exhibit A (the “Second Bridge Note”), to Purchaser or Fertilemind, as the case may be.

 

2.
Amendments to the APA. Effective as of December 1, 2020, and subject to the Company receiving the Second Bridge Loan as
contemplated herein, the APA is hereby amended as set forth in this Section 2.

 

(a)
The following new defined terms are added to Article I of the APA:

 

“Bridge
Loans” has the meaning set for the in Section 2.6.

 

    	 

     

    

 

CONFIDENTIAL

 

“Bridge
Notes” has the meaning set for the in Section 2.6.

 

“Second
Bridge Loan” has the meaning set for the in Section 2.6.

 

“Second
Bridge Note” has the meaning set for the in Section 2.6.

 

(b)
The defined term “Purchase Price Balance” in Article I of the APA is amended in its entirety to read as follows:

 

“Purchase
Price Balance” means the amount of cash equal to the Purchase Price minus the sum of (i) principal amount plus accrued
and unpaid interest of each of the Bridge Loans and (ii) an amount equal to the Indemnification Fund.

 

(c)
Section 2.5 of the APA is amended in its entirety to read as follows:

 

2.5
Purchase Price. In consideration of the transfer of the Purchased Assets to Purchaser, subject to the terms and conditions
hereof and in consideration of the representations, warranties, covenants and other agreements set forth in this Agreement, Purchaser
hereby agrees to pay the Purchase Price to the Company on the Closing Date; provided, however, the parties agree and acknowledge
that the portion of the Purchase Price equal to the principal amount plus accrued and unpaid interest of each of the Bridge Loans
will be paid at the Closing through the cancellation of each of the Bridge Notes as contemplated in Section 2.6 and a portion
of the Purchase Price equal to the Indemnification Fund will be deposited into the Indemnification Escrow Account as contemplated
by the Indemnification Escrow Agreement.

 

(d)
Section 2.6 of the APA is amended in its entirety to read as follows:

 

2.6
Bridge Loans. Concurrently with the execution of this Agreement, the Company is issuing to Fertilemind Management, LLC,
an affiliate of Purchaser, a promissory note (the “Bridge Note”) evidencing a $1,000,000 loan made by Fertilemind
Management, LLC, on behalf of Purchaser, to the Company (the “Bridge Loan”) on the date hereof by wire transfer
of immediately available funds to an account designated by the Company in writing delivered to Purchaser. On December 1, 2020,
the Company will issue to Fertilemind Management, LLC, an affiliate of Purchaser, a promissory note (the “Second Bridge
Note” and together with the Bridge Note, the “Bridge Notes”) evidencing a $500,000 loan made by Fertilemind
Management, LLC, on behalf of Purchaser, to the Company (the “Second Bridge Loan” and together with the Bridge
Loan, the “Bridge Loans”) on December 1, 2020 by wire transfer of immediately available funds to an account
designated by the Company in writing delivered to Purchaser. At the Closing, all amounts outstanding under the Bridge Notes, including
all accrued and unpaid interest, will be applied toward the Purchase Price at the Closing, and the Bridge Notes will be deemed
paid in full, marked as cancelled and returned to the Company. The Company acknowledges and agrees that the proceeds of the Bridge
Loans shall be used solely for payment of obligations owed under the Company’s term loan, obligations related to the transactions
contemplated hereby and the Company Merger, and other general working capital purposes.

 

    	2

     

    

 

CONFIDENTIAL

 

3.
Amendments to the Bridge Note. Effective as of December 1, 2020, and subject to the Company receiving the Second Bridge
Loan as contemplated herein, the Bridge Note is hereby amended as set forth in this Section 3.

 

(a)
The initial paragraph of the Bridge Note is amended in its entirety to read as follows:

 

FOR
VALUE RECEIVED, NTN Buzztime, Inc., a Delaware corporation (the “Company”), promises to pay to the order of Fertilemind
Management, LLC, a Delaware limited liability company (“Fertilemind”), and its successors and permitted assigns (the
“Holder”), the principal sum of $1,000,000.00, in accordance with the terms hereof, and to pay interest on the principal
sum outstanding, at the rate of eight percent (8%) per annum beginning on the date the Company receives such $1,000,000.00 from
Fertilemind and through and including November 30, 2020, and at the rate of ten percent (10%) per annum beginning on December
1, 2020, compounded annually. This Note is unsecured. The Company hereby acknowledges receipt of such principal sum.

 

(b)
The “December 31, 2020” in clause (iii) of Section 1(a) of the Bridge Note is replaced with “March 1, 2021.”

 

(c)
Section 2 of the Bridge Note is amended in its entirety to read as follows:

 

2.
INTEREST. The Holder of this Note is entitled to receive interest at an annual interest rate of eight percent (8%) beginning on
the date the Company receives the principal amount of this Note from Fertilemind and through and including November 30, 2020,
and at an annual interest rate of ten percent (10%) beginning on December 1, 2020, compounded annually, of the outstanding principal
amount of this Note; provided, however, that during any Event of Default (as defined below) under this Note the interest rate
shall increase to fifteen percent (15%) per annum, compounded annually. Interest on the outstanding principal balance of this
Note shall be computed on the basis of the actual number of days elapsed and a 365-day year. Accrual of the interest on the outstanding
principal amount shall commence on the date the Company receives the principal amount of this Note and shall continue until the
earlier of (a) the date on which all of the obligations of this Note have been paid in full and (b) the Closing. Subject to the
proviso in Section 1(a), all accrued and unpaid interest on the outstanding balance of this Note shall be paid on the Maturity
Date.

 

4.
Representations and Warranties. Each party hereby represents and warrants to the other party that:

 

(a)
It has the full right, corporate power, and authority to enter into this Amendment and to perform its obligations hereunder.

 

    	3

     

    

 

CONFIDENTIAL

 

(b)
The execution of this Amendment by the individual whose signature is set out at the end of this Amendment on behalf of such Party,
and the delivery of this Amendment by such Party, have been duly authorized by all necessary corporate action on the part of such
Party.

 

(c)
This Amendment has been executed and delivered by such Party and (assuming due authorization, execution, and delivery by the other
Party hereto) constitutes the legal, valid, and binding obligation of such Party, enforceable against such Party in accordance
with its terms.

 

In
addition, Fertilemind hereby represents and warrants to the Company that it is the sole holder of the Bridge Note and it has not
assigned, conveyed or otherwise transferred any right or interest, in whole or in part, it has or it may have under the Bridge
Note in its capacity as the holder thereof.

 

5.
Miscellaneous. To the extent of in any inconsistency between the terms of this Amendment, on the one hand, and the APA
and the Bridge Note, on the other, the terms of this Amendment shall govern, and this Amendment shall be deemed to be, and construed
as, an amendment to the APA and the Bridge Note. Except as specifically provided in this Amendment, no other amendments, revisions
or changes are made to the APA or the Bridge Note. This Amendment, and the rights and obligations of the Parties under this Amendment
shall be governed, construed and enforced in accordance with the laws of the State of Delaware, without giving effect to any choice
or conflict of laws provision or rule. In any action or proceeding between any of the Parties arising out of or relating to this
Amendment, each of the Parties: (a) irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue
of the Court of Chancery of the State of Delaware or, to the extent such court does not have subject matter jurisdiction, the
United States District Court for the District of Delaware or, to the extent that neither of the foregoing courts has jurisdiction,
the Superior Court of the State of Delaware; (b) agrees that all claims in respect of such action or proceeding shall be heard
and determined exclusively in accordance with the preceding clause (a); (c) waives any objection to laying venue in any such action
or proceeding in such courts; (d) waives any objection that such courts are an inconvenient forum or do not have jurisdiction
over any party; and (e) irrevocably and unconditionally waives the right to trial by jury. This Amendment may be executed in counterparts,
each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument. Delivery
of an executed counterpart of a signature page to this Amendment by facsimile or in electronic format (e.g., “pdf”)
or by other electronic means shall be effective as delivery of a manually executed counterpart of this Amendment. This Amendment
will be binding upon and inure to the benefit of the Parties and their respective heirs, executors, personal representatives,
successors and permitted assigns.

 

[Signature
page follows]

 

    	4

     

    

 

		CONFIDENTIAL

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

 

	 	NTN
    Buzztime, Inc.
	 	 
	 	By:	/s/
    Sandra Gurrola
	 	Name:	Sandra
    Gurrola
	 	Title:	Sr.
    Vice President of Finance
	 	 
	 	eGames.com
    Holdings LLC
	 	 
	 	By:	/s/
    Aram Fuchs
	 	Name:	Aram
    Fuchs
	 	Title:	Managing
    Member
	 	 
	 	Fertilemind
    Management, LLC
	 	 
	 	By:	/s/
    Aram Fuchs
	 	Name:	Aram
    Fuchs
	 	Title:	Managing
    Member

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