Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this 21st day of August, 2014,
by and between NTN Buzztime, Inc., a Delaware corporation (the “Company”), and Ram Krishnan, an individual (the
“Executive”).

 

RECITALS

 

THE PARTIES ENTER THIS AGREEMENT
on the basis of the following facts, understandings and intentions:

 

A. The Company desires that the Executive
be employed by the Company to carry out the duties and responsibilities described below, all on the terms and conditions hereinafter
set forth, effective as of September 15, 2014 (the “Effective Date”).

 

B. The Executive desires to accept
such employment on such terms and conditions.

 

C. This Agreement shall govern the
employment relationship between the Executive and the Company from and after the Effective Date and supersedes and negates all
previous agreements with respect to such relationship.

 

NOW, THEREFORE, in consideration
of the above recitals incorporated herein and the mutual covenants and promises contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby expressly acknowledged, the parties agree as follows:

 

	1.		Retention and Duties.

	1.1		Retention; Authorization to Work in the United States. Subject to the
terms and conditions expressly set forth in this Agreement, the Company does hereby hire, engage and employ the Executive and
the Executive does hereby accept and agree to such hiring, engagement and employment. Executive’s employment with the Company
is “at-will” and either the Company or Executive may terminate his employment with the Company at any time for any
or no reason, subject to the terms and conditions set forth in this Agreement. The period of time during which Executive remains
employed by the Company is referred to as the “Period of Employment.” Notwithstanding anything else set forth in this
Agreement, the Company's hiring of Executive is conditioned upon, prior to the Effective Date, Executive passing a background
check, negative alcohol/drug screen result and compliance with federal I-9 requirements.

	1.2		Duties. During the Period of Employment, the Executive shall serve the
Company as its Chief Executive Officer (the “CEO”) and shall have the powers, duties and obligations of management
typically vested in the office of the CEO, of a corporation, subject to the directives of the Company’s Board of Directors
(the “Board”) and the corporate policies of the Company as they are in effect and as amended from time to time
throughout the Period of Employment (including, without limitation, the Company’s business conduct and ethics policies).
Specifically, the CEO will work closely with the Board and senior management to launch and execute the overall strategic and operational
direction for the Company. The Executive will establish Company policies and objectives in accordance with board directives to
achieve sustainable and cumulative growth over time. Moreover, the CEO will establish responsibilities and procedures for attaining
objectives and reviews of operations and financial statements to evaluate achievement of those objectives. During the Period of
Employment, the Executive shall report to the Board.

 

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	1.3		No Other Employment. During the Period of Employment, the Executive
shall both (i) devote substantially all of the Executive’s business time, energy and skill to the performance of the Executive’s
duties for the Company, and (ii) hold no other employment. The Company shall have the right to request the Executive to resign
from any board or similar body on which he may then serve if the Board reasonably determines that the Executive’s business
related to such service is then in competition or conflicts with any business of the Company or any of its affiliates, successors
or assigns. Nothing in this Section 1.3 shall be construed as preventing Executive from engaging in the investment of his
personal assets.

	1.4		No Breach of Contract. The Executive hereby represents to the Company
that: (i) the execution and delivery of this Agreement by the Executive and the Company and the performance by the Executive
of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene, the terms of any other agreement
or policy to which the Executive is a party or otherwise bound; (ii) the Executive has no information (including, without
limitation, confidential information and trade secrets) relating to any other person or entity which would prevent, or be violated
by, the Executive entering into this Agreement or carrying out his duties hereunder; and (iii) except as set forth on Exhibit A
hereto, the Executive is not bound by any confidentiality, trade secret or similar agreement (other than this Agreement and
the Confidentiality and Work for Hire Agreement attached hereto as Exhibit B (the “Confidentiality and Work
for Hire Agreement”) with any other person or entity.

	1.5		Location. The Executive acknowledges that the Company’s principal
executive offices are currently located in Carlsbad, California. The Executive agrees that he will work from the Company’s
principal executive offices. The Executive acknowledges that he may be required to travel from time to time in the course of performing
his duties for the Company.

	1.6		Appointment to Board. The Executive will be appointed to the Board as
of the Effective Date. Upon the termination of the Executive’s employment for any reason and upon the request of the Board,
the Executive agrees to resign from the Board and any of its committees.

 

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	2.		Compensation.

	2.1		Base Salary. The Executive’s base salary (the “Base Salary”)
shall be paid in accordance with the Company’s regular payroll practices in effect from time to time, but not less frequently
than in monthly installments. The Executive’s initial Base Salary shall be at an annualized rate of Three Hundred Twenty
Five Thousand Dollars ($325,000). Subject to the Executive’s continued employment with the Company, the Executive’s
Base Salary shall be increased to an annualized rate of Three Hundred Fifty Thousand Dollars ($350,000) effective January 1, 2016.

	2.2		Incentive Bonus. During the Period of Employment the Executive shall
be eligible to receive an annual incentive bonus (“Incentive Bonus”) in an amount to be determined by the Board
(or its nominating and corporate governance/compensation committee) in its sole discretion, based on the achievement of performance
objectives established by the Board (or its nominating and corporate governance/compensation committee) for that particular period.
The Executive’s target potential Incentive Bonus amount for the 2015 calendar year shall be set at 70% of the Executive’s
Base Salary. The Executive’s target potential Incentive Bonus amount for the 2016 calendar year shall be set at 75% of the
Executive’s Base Salary. The Executive’s Incentive Bonus shall be pro-rated for any approved leaves of absence.

For
purposes of clarity, the Executive’s target potential Incentive Bonus for 2015 prior to any pro-rating shall be Two Hundred
Twenty Seven Thousand Five Hundred Dollars ($227,500), which is equal to seventy percent (70%) of his initial Base Salary. A portion
of the Incentive Bonus for 2015 will be guaranteed in the amount of Seventy Five Thousand Dollars ($75,000). A portion of the
Incentive Bonus for 2016 will be guaranteed in the amount of Fifty Thousand Dollars ($50,000).

The performance objectives for the Incentive Bonus for 2015
will be determined by no later than December 31, 2014 and the parties anticipate that the performance objectives will fall equally
into three categories: strategic, financial and operational.

The Incentive Bonus, if any, will be paid to the Executive within
thirty (30) days after receipt of the independent auditor’s report on the Company’s annual financial statements for
the year in question; provided that the Incentive Bonus will not be deemed earned and will not be paid to the Executive unless
the Executive is employed by the Company on such payment date. Payment of the Incentive Bonus, if any, will be subject to withholdings
in accordance with the Company’s standard payroll procedures.

 

	2.3		Stock Option Grants.

	(a)		Initial Option Grant. Subject to the other terms of this Section 2.3,
the Company will grant to the Executive an initial option (the “Initial Option”) to purchase 3,500,000 shares
of the Company’s common stock, $0.005 par value per share (“Common Stock”). The exercise price per share
for the Initial Option will be equal to the fair market value of a share of the Common Stock on the date the Initial Option is
granted. Subject to the Executive’s continued employment by the Company through the applicable vesting date, the Initial
Option will vest as follows: (a) 25% of the total number of shares of Common Stock subject to the Initial Option will vest on
the first anniversary of the grant date; and (b) the remaining 75% of the total number of shares of Common Stock subject to the
Initial Option will vest in 36 substantially equal monthly installments thereafter. The maximum term of the Initial Option will
be 10 years from the grant date, subject to earlier termination upon the termination of the Executive’s employment with
the Company, a change in control of the Company and similar events. The Initial Option will be evidenced by an option award agreement
to be entered into between the Company and the Executive.

 

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	(b)		Performance Option Grant. Subject to the other terms of this Section 2.3,
in addition to the Initial Option, the Company will grant to the Executive on or about January 1, 2015 an additional option (the
“Additional Option”) to purchase 750,000 shares of Common Stock. The exercise price per share for the Additional
Option will be equal to the fair market value of a share of the Common Stock on the date the Additional Option is granted. Subject
to the Executive’s continued employment by the Company through the applicable vesting date and subject to the achievement
of performance goals specific to the Company’s 2015 fiscal year and which will be determined by the Board (or its nominating
and corporate governance/compensation committee) in its sole discretion, the Additional Option will vest as follows: (a) 25% of
the total number of shares of Common Stock subject to the Additional Option will vest on the first anniversary of the grant date;
and (b) the remaining 75% of the total number of shares of Common Stock subject to the Additional Option will vest in 36 substantially
equal monthly installments thereafter. The maximum term of the Additional Option will be 10 years from the grant date, subject
to earlier termination upon the termination of the Executive’s employment with the Company, a change in control of the Company
and similar events. The Additional Option will be evidenced by an option award agreement to be entered into between the Company
and the Executive.

	(c)		2016 Option Grant. Subject to the Executive's continued employment with
the Company on the date the 2016 Option (as defined below) is granted and subject to approval by the nominating and corporate
governance/compensation committee of the Company's board of directors, the Company will grant to the Executive on or about January
1, 2016 an option to purchase 750,000 shares of Common Stock (the “2016 Option”). The exercise price per share
of the 2016 Option will be equal to the fair market value of a share of the Common Stock on the date the 2016 Option is granted.
Subject to the Executive’s continued employment by the Company through the applicable vesting date and subject to the achievement
of performance goals specific to the Company’s 2016 fiscal year and which will be determined by the Board (or its nominating
and corporate governance/compensation committee) in its sole discretion, the 2016 Option will vest as follows: (a) 25% of the
total number of shares of Common Stock subject to the 2016 Option will vest on the first anniversary of the grant date; and (b)
the remaining 75% of the total number of shares of Common Stock subject to the 2016 Option will vest in 36 substantially equal
monthly installments thereafter. The 2016 Option, if any, will be granted under the Company's equity incentive plan(s) as then
in effect, will be subject to the terms and conditions of such plan(s), will have a maximum term of 10 years from the grant date,
subject to earlier termination upon the termination of the Executive’s employment with the Company, a change in control
of the Company and similar events, will be intended to qualify as an “incentive stock option” within the meaning of
Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), to the maximum extent possible within
the limitations of the Code, and will be subject to such further terms and conditions as set forth in a written stock option agreement
to be entered into by the Company and the Executive to evidence such option.

 

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	(d)		Inducement Grants. The Initial Option and the Additional Option will
be awarded to the Executive as an inducement to the hiring by the Company of the Executive. Neither the Initial Option nor the
Additional Option will be granted pursuant to the NTN Buzztime, Inc. 2010 Performance Incentive Plan, and neither the Initial
Option nor the Additional Option will be intended to qualify as an “incentive stock option” within the meaning of
Section 422 of the Code. The Company’s obligation to grant the Initial Option and the Additional Option is subject
to the Company not receiving any objection thereto from the NYSE MKT.

	(e)		Change in Control. In the event that a Change in Control (as defined
in Section 4.4) occurs and there is no assumption or continuation of the options described in this Section 2.3 that are then outstanding,
and provided that the Executive is employed by the Company through the effective date of the Change in Control, 50% of the then
unvested portion of such options will vest and become exercisable as of immediately before such Change in Control.

 

	3.		Benefits.

	3.1		Retirement, Welfare and Fringe Benefits. During the Period of Employment,
the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit
plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility
and participation provisions of such plans and as such plans or programs may be in effect from time to time.

 

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	3.2		Reimbursement of Business Expenses. The Company will reimburse Executive
for all reasonable business expenses the Executive incurs during the Period of Employment in the course and scope of the Executive’s
duties, subject to the Company’s expense reimbursement policies in effect from time to time. Executive will be required
to provide substantiation of all of such expenses on Company approved expense report forms in accordance with Company policies.
These payments may be made as direct payments of the Executive’s invoices or bills or by reimbursement to the Executive
of costs that are incurred. The Executive will be responsible for all income and employment taxes due on such payments; the Company
will not provide a gross-up payment to cover such tax liabilities.

	3.3		Paid Time Off. During the Period of Employment, the Executive shall
accrue paid time off (“PTO”) and shall be permitted time off in accordance with the Company’s PTO policies
in effect from time to time. Executive shall accrue no less than three weeks of PTO per year. The Executive shall also be entitled
to all other holiday and leave pay generally available to other executives of the Company.

	4.		Termination.

	4.1		Termination of Employment. The Executive’s employment by the Company
may be terminated either by the Company or by Executive at any time for any or no reason and with or without Cause (in any case,
the date that the Executive’s employment by the Company terminates and which constitutes a "separation from service"
within the meaning of Section 409A of the Code is referred to as the “Separation Date”).

	4.2		Benefits Upon Termination. If the Executive’s employment with
the Company is terminated for any reason by the Company or by the Executive, the Company shall have no further obligation to make
or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments
or benefits except as follows:

	(a)		The Company shall pay the Executive (or, in the event of his death, the Executive’s
estate) any Accrued Obligations (as defined in Section 4.4) within 10 days following the Separation Date;

	(b)		In addition to the Accrued Obligations, if the Executive’s employment with the
Company is terminated by the Company without Cause (as defined in Section 4.4) or by the Executive for Good Reason (as defined
in Section 4.4) on or before December 31, 2015, subject to tax withholding and other authorized deductions and subject to the
requirements of Section 4.3, the Company shall: (i) pay the Executive as severance pay an amount equal to nine (9) months
of the Executive’s Base Salary rate in effect on the Separation Date, which shall be payable in substantially equal installments
on a bi-weekly basis over a period of nine (9) months; and (ii) provided that the Executive timely elects continued insurance
coverage pursuant to COBRA, reimburse the Executive for a period of nine (9) months an amount equal to the difference between
the amount of the COBRA premiums actually paid by the Executive each such month and the amount of the most recent premium paid
by the Executive immediately prior to the Separation Date for health insurance benefits offered by the Company. The first installment
of any severance pay payable under this Section 4.2(b) shall commence after the Executive executes the General Release (as defined
in Section 4.3) and it has become effective in accordance with its terms and is not revoked.

 

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	(c)		In addition to the Accrued Obligations, if the Executive’s employment with the
Company is terminated by the Company without Cause or by the Executive for Good Reason after December 31, 2015, subject to tax
withholding and other authorized deductions and subject to the requirements of Section 4.3, the Company shall: (i) pay the
Executive as severance pay an amount equal to six (6) months of the Executive’s Base Salary rate in effect on the Separation
Date, which shall be payable in substantially equal installments on a bi-weekly basis over a period of six (6) months; and (ii)
provided that the Executive timely elects continued insurance coverage pursuant to COBRA, reimburse the Executive for a period
of six (6) months an amount equal to the difference between the amount of the COBRA premiums actually paid by the Executive each
such month and the amount of the most recent premium paid by the Executive immediately prior to the Separation Date for health
insurance benefits offered by the Company. The first installment of any severance pay payable under this Section 4.2(c) shall
commence after the Executive executes the General Release and it has become effective in accordance with its terms and is not
revoked.

	(d)		If the Executive’s employment with the Company is terminated by the Company
without Cause or by the Executive for Good Reason, in each case, within six months prior to or within six months following the
effective date of a Change in Control, in addition to the Accrued Obligations and the benefits to which the Executive is entitled
under Sections 4.2(b) and 4.2(c), subject to tax withholding and other authorized deductions and subject to the requirements of
Section 4.3, (i) the Company shall pay the Executive the Incentive Bonus that has been earned and not previously paid (which
amount shall be paid to the Executive within thirty (30) days after receipt of the independent auditor’s report on the Company’s
annual financial statements for the year in question), and (ii) 100% of the then unvested portion of the options described in
Section 2.3 that are then outstanding will vest and become exercisable as of the later of the Separation Date and the date immediately
prior to the effective date of the Change in Control.

 

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	(e)		Notwithstanding the foregoing provisions of this Section 4.2, if the Executive
breaches his obligations under the Confidentiality and Work for Hire Agreement and/or Section 6, 7 or 8 of this Agreement
at any time, from and after the date of such breach, the Executive will no longer be entitled to, and the Company will no longer
be obligated to pay, any remaining unpaid portion of any benefits provided in Section 4.2(b) or Section 4.2(c).

 

The foregoing provisions of this Section 4.2
shall not affect: (i) the Executive’s receipt of benefits otherwise due terminated employees under group insurance coverage
consistent with the terms of the applicable Company welfare benefit plan; (ii) the Executive’s rights under COBRA to continue
participation in medical, dental, hospitalization and life insurance coverage; or (iii) the Executive’s receipt of benefits
otherwise due in accordance with the terms of the Company’s 401(k) plan (if any). In no event shall the Company’s obligations
to the Executive exceed the sum of the Accrued Obligations, the benefits provided in Section 4.2(b), Section 4.2(c) or Section
4.2(d), if applicable, and the benefits contemplated by this paragraph, regardless of the manner of the Executive’s termination.

 

	4.3		Release; Exclusive Remedy.

	(a)		This Section 4.3
                                         shall apply notwithstanding anything else contained in this Agreement or any stock option,
                                         restricted stock or other equity-based award agreement to the contrary. Notwithstanding
                                         any provision in this Agreement to the contrary, as a condition precedent to any Company
                                         obligation to the Executive pursuant to Section 4.2(b) and Section 4.2(c) or
                                         any agreement or obligation to accelerate vesting of any equity-based award in connection
                                         with the termination of the Executive’s employment, the Executive shall (i) upon
                                         or promptly following his Separation Date, sign and not revoke a general release agreement
                                         in a form prescribed by the Company (the “General Release”), and provided
                                         further that such general release agreement is executed and becomes effective no later
                                         than forty-five (45) days following the Executive's Separation Date and (ii) at the Board’s
                                         request, provide the Company with a written resignation from the Board and all of its
                                         committees. The Company shall have no obligation to make any payment to the Executive
                                         pursuant to Section 4.2(b) or Section 4.2(c) (or to accelerate the vesting of any
                                         equity-based award in the circumstances as may otherwise be contemplated by the applicable
                                         award agreement) unless and until the general release agreement contemplated by this
                                         Section 4.3 becomes irrevocable by the Executive in accordance with all applicable
                                         laws, rules and regulations and, at the Board’s discretion, the Executive shall
                                         have tendered the written resignation from the Board as contemplated by Section 1.2.

 

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	(b)		The Executive agrees that the General Release will include a complete release of all
known and unknown claims pursuant to California Civil Code Section 1542 and will require that the Executive acknowledge,
as a condition to the payment of any benefits under Section 4.2(b) or Section 4.2(c), as applicable, that the payments contemplated
by Section 4.2 (and any applicable acceleration of vesting of an equity-based award in accordance with the terms of such
award in connection with the termination of the Executive’s employment) shall constitute the exclusive and sole remedy for
any termination of his employment, and the Executive will be required to covenant, as a condition to receiving any such payment
(and any such accelerated vesting), not to assert or pursue any other remedies, at law or in equity, with respect to any termination
of employment. The Company and Executive acknowledge and agree that there is no duty of the Executive to mitigate damages under
this Agreement. All amounts paid to the Executive pursuant to Section 4.2 shall be paid without regard to whether the Executive
has taken or takes actions to mitigate damages.

 

	4.4		Certain Defined Terms.

	(a)		As used herein, “Accrued Obligations” means:

	(i)		any Base Salary that had accrued but had not been paid (including accrued and unpaid
personal time off) on or before the Separation Date;

	(ii)		to the extent not previously paid, a pro rata portion of the guaranteed portion of
the Incentive Bonus described in Section 2.2 for 2015 and 2016 based on the number of days that have elapsed in 2015 or 2016,
as the case may be, through the Separation Date; and

	(iii)		any reimbursement due to the Executive pursuant to Section 3.2 for expenses incurred
by the Executive on or before the Separation Date.

	(b)		As used herein, “Cause” shall mean, as reasonably determined by
the Board (excluding the Executive, if he is then a member of the Board), (i) any act of personal dishonesty taken by the
Executive in connection with his responsibilities as an employee of the Company which is intended to result in substantial personal
enrichment of the Executive and is reasonably likely to result in material harm to the Company, (ii) the Executive’s
conviction of a felony which the Board reasonably believes has had or will have a material detrimental effect on the Company’s
reputation or business, (iii) a willful act by the Executive which constitutes misconduct and is materially injurious to
the Company, (iv) continued willful violations by the Executive of the Executive’s obligations to the Company after
there has been delivered to the Executive a written demand for performance from the Company which describes the basis for the
Company’s belief that the Executive has willfully violated his obligations to the Company.

 

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	(c)		As used herein, “Change in Control” has the meaning given to such
term in the NTN Buzztime, Inc. 2010 Performance Incentive Plan attached hereto as Exhibit C.

	(d)		As used herein, “Good Reason” shall mean, as reasonably determined
by the Board (excluding the Executive, if he is then a member of the Board), (i) a change in the location of the Executive’s
place of employment or the principal offices of the Company, in each case, as of the Effective Date resulting in an increased
commuting distance of more than thirty (30) miles, (ii) a reduction in the amount of the Base Salary by 10% or more, (iii) a reduction
in the percentage of the Executive’s target potential Incentive Bonus amount from the percentage in effect for the immediately
preceding year or (iv) a change in the Executive’s position with the Company which materially reduces his duties and responsibilities;
provided and only if such change, reduction or relocation is effected by the Company without the Executive’s consent. Notwithstanding
the foregoing, a termination shall not be for Good Reason unless (A) the Executive provides written notice to the Company of his
intent to terminate for Good Reason within thirty (30) days following the first occurrence of the circumstance that he believes
constitute(s) Good Reason, which notice shall describe such circumstance, (B) the Company does not cure such circumstance within
twenty (20) days following its receipt of such notice, and (C) the Executive voluntarily terminates his employment with the Company
within thirty (30) days following the end of the twenty (20) day cure period.

	4.5		Limitation on Benefits.

	(a)		Notwithstanding anything contained in this Agreement to the contrary, to the extent
that the payments and benefits provided under this Agreement and benefits provided to, or for the benefit of, the Executive under
any other Company plan or agreement (such payments or benefits are collectively referred to as the “Benefits”)
would be subject to the excise tax (the “Excise Tax”) imposed under Section 4999 of the Internal Revenue
Code of 1986, as amended (the “Code”), the Benefits shall be reduced (but not below zero) if and to the extent
that a reduction in the Benefits would result in the Executive retaining a larger amount, on an after-tax basis (taking into account
federal, state and local income taxes and the Excise Tax), than if the Executive received all of the Benefits (such reduced amount
if referred to hereinafter as the “Limited Benefit Amount”). Unless the Executive shall have given prior written
notice specifying a different order to the Company to effectuate the Limited Benefit Amount, the Company shall reduce or eliminate
the Benefits by first reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or
eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest
in time from the Determination (as hereinafter defined). Any notice given by the Executive pursuant to the preceding sentence
shall take precedence over the provisions of any other plan, arrangement or agreement governing the Executive’s rights and
entitlements to any benefits or compensation.

 

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	(b)		A determination as to whether the Benefits shall be reduced to the Limited Benefit
Amount pursuant to this Agreement and the amount of such Limited Benefit Amount shall be made by the Company’s independent
public accountants or another certified public accounting firm of national reputation designated by the Company (the “Accounting
Firm”) at the Company’s expense. The Accounting Firm shall provide its determination (the “Determination”),
together with detailed supporting calculations and documentation to the Company and the Executive within five (5) days of
the date of termination of the Executive’s employment, if applicable, or such other time as requested by the Company or
the Executive (provided the Executive reasonably believes that any of the Benefits may be subject to the Excise Tax), and if the
Accounting Firm determines that no Excise Tax is payable by the Executive with respect to any Benefits, it shall furnish the Executive
with an opinion reasonably acceptable to the Executive that no Excise Tax will be imposed with respect to any such Benefits. Unless
the Executive provides written notice to the Company within ten (10) days of the delivery of the Determination to the Executive
that he disputes such Determination, the Determination shall be binding, final and conclusive upon the Company and the Executive.

 

	5.		Proprietary Information; Inventions and Developments. Concurrently with
entering into this Agreement, the Executive will execute the Confidentiality and Work for Hire Agreement.

	6.		Confidentiality. The Executive hereby agrees that the Executive shall
not at any time (whether during or after the Executive’s employment with the Company), directly or indirectly, other than
in the course of the Executive’s duties hereunder, disclose or make available to any person, firm, corporation, association
or other entity for any reason or purpose whatsoever, any Confidential Information (as defined below); provided, however, that
this Section 6 shall not apply when (i) disclosure is required by law or by any court, arbitrator, mediator or administrative
or legislative body (including any committee thereof) with apparent jurisdiction to order the Executive to disclose or make available
such information (provided, however, that the Executive shall promptly notify the Company in writing upon receiving a request
for such information), or (ii) with respect to any other litigation, arbitration or mediation involving this Agreement, including
but not limited to enforcement of this Agreement. The Executive agrees that, upon termination of the Executive’s employment
with the Company, all Confidential Information in the Executive’s possession that is in written, digital or other tangible
form (together with all copies or duplicates thereof, including computer files) shall be returned to the Company and shall not
be retained by the Executive or furnished to any third party, in any form except as provided herein; provided, however, that the
Executive shall not be obligated to treat as confidential, or return to the Company copies of any Confidential Information that
(a) was publicly known at the time of disclosure to the Executive, (b) becomes publicly known or available thereafter
other than by any means in violation of this Agreement or any other duty owed to the Company by any person or entity, or (c) is
lawfully disclosed to the Executive by a third party. As used in this Agreement, the term “Confidential Information”
means: information disclosed to the Executive or known by the Executive as a consequence of or through the Executive’s relationship
with the Company, about the customers, employees, business methods, public relations methods, organization, procedures or finances,
including, without limitation, information of or relating to customer lists, of the Company Group.

 

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	7.		Protective Covenant. The Executive acknowledges and agrees that should
he accept a position (other than an officer whose function substantially relates to financial matters) of any business or organization
where his duties, or those of others who report directly or indirectly to him, include any activities in the fields of electronically
simulated trivia and sports games or interactive television efforts in the hospitality industry, which in the reasonable judgment
of the Company is, or as a result of the Executive’s engagement or participation would become, directly competitive with
any aspect of the business of the Company Group (a “Covered Position”), that such position would inevitably
lead to a disclosure of Confidential Information in contravention of Section 6. Accordingly and without limiting the provisions
of Section 6, the Executive agrees that during the Period of Employment, the Executive shall not accept employment in a Covered
Position. The Executive expressly acknowledges and agrees that the foregoing restriction is reasonable and necessary in order
to protect the Confidential Information of the Company Group.

	8.		Anti-Solicitation.

	8.1		Business Relationships. The Executive promises and agrees that during
the Period of Employment, the Executive will not, directly or indirectly, individually or as a consultant to, or as an employee,
officer, stockholder, director or other owner or participant in any business, influence or attempt to influence customers, vendors,
suppliers, joint venturers, associates, consultants, agents, or partners of the Company or any of its affiliates (collectively,
the “Company Group”), either directly or indirectly, to divert their business away from the Company Group,
to any individual, partnership, firm, corporation or other entity then in competition with the business of any entity within the
Company Group, and he will not otherwise materially interfere with any business relationship of any entity within the Company
Group.

	8.2		Executives. The Executive promises and agrees that during the Period
of Employment and for a period of one (1) year thereafter, the Executive will not, directly or indirectly, individually or
as a consultant to, or as an employee, officer, stockholder, director or other owner of or participant in any business, solicit
(or assist in soliciting) any person who is then, or at any time within six (6) months prior thereto was, an employee of
an entity within the Company Group who earned annually $25,000 or more as an employee of such entity during the last six (6) months
of his or her own employment to work for (as an employee, consultant or otherwise) any business, individual, partnership, firm,
corporation, or other entity whether or not engaged in competitive business with any entity in the Company Group.

 

    	12

    	 

    

 

	9.		Withholding Taxes. Notwithstanding anything else herein to the contrary,
the Company may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or
pursuant to this Agreement such federal, state and local income, employment, or other taxes as may be required to be withheld
pursuant to any applicable law or regulation.

	10.		Assignment. This Agreement is personal in its nature and neither of
the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any rights or obligations hereunder;
provided, however, that in the event of a merger, consolidation, or transfer or sale of all or substantially all
of the assets of the Company with or to any other individual(s) or entity, this Agreement shall, subject to the provisions
hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge and perform all the promises,
covenants, duties, and obligations of the Company hereunder.

	11.		Number and Gender. Where the context requires, the singular shall include
the plural, the plural shall include the singular, and any gender shall include all other genders.

	12.		Section Headings. The section headings of, and titles of paragraphs and
subparagraphs contained in, this Agreement are for the purpose of convenience only, and they neither form a part of this
Agreement nor are they to be used in the construction or interpretation thereof.

	13.		Governing Law. This Agreement, and all questions relating to its validity,
interpretation, performance and enforcement, as well as the legal relations hereby created between the parties hereto, shall be
governed by and construed under, and interpreted and enforced in accordance with, the laws of the State of California, notwithstanding
any California or other conflict of law provision to the contrary.

	14.		Severability. If any provision of this Agreement or the application
thereof is held invalid, the invalidity shall not affect other provisions or applications of this Agreement which can be given
effect without the invalid provisions or applications and to this end the provisions of this Agreement are declared to be severable.

	15.		Entire Agreement. This Agreement, together with the Option Agreements
and the Exhibits contemplated hereby, including the Confidentiality and Work for Hire Agreement and Mutual Agreement to Arbitrate,
embodies the entire agreement of the parties hereto respecting the matters within its scope. This Agreement supersedes all prior
and contemporaneous agreements of the parties hereto that directly or indirectly bears upon the subject matter hereof. Any prior
negotiations, correspondence, agreements, proposals or understandings relating to the subject matter hereof shall be deemed to
have been merged into this Agreement, and to the extent inconsistent herewith, such negotiations, correspondence, agreements,
proposals, or understandings shall be deemed to be of no force or effect. There are no representations, warranties, or agreements,
whether express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth herein.

 

    	13

    	 

    

	16.		Modifications. This Agreement may not be amended, modified or changed
(in whole or in part), except by a formal, definitive written agreement expressly referring to this Agreement, which agreement
is executed by both of the parties hereto. Without limiting the foregoing, the at-will nature of Executive's employment by the
Company may only be modified in a writing approved by the Company's Board of Directors and executed by both the Company and the
Executive.

	17.		Waiver. Neither the failure nor any delay on the part of a party to
exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or
partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any right,
remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed
as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless
it is in writing and is signed by the party asserted to have granted such waiver.

	18.		Arbitration. Any controversy arising out of or relating to the Executive’s
employment (whether or not before or after the expiration of the Period of Employment), any termination of the Executive’s
employment, this Agreement, the Confidentiality and Work for Hire Agreement referred to in Section 5, the Option Agreement
or any other agreements relating to the grant to Executive of equity-based awards, including any Year Two Option, the enforcement
or interpretation of any of such agreements, or because of an alleged breach, default, or misrepresentation in connection with
any of the provisions of any such agreement, including (without limitation) any state or federal statutory claims, shall be submitted
to arbitration in accordance with the provisions set forth on Exhibit D hereto.

Nothing in this Agreement or the attached
Exhibit D shall prohibit or limit the parties from seeking provisional remedies under California Code of Civil Procedure
section 1281.8, including, but not limited to, injunctive relief from a California court of competent jurisdiction. Without limiting
the foregoing, the Executive and the Company acknowledge that any breach of any of the covenants or provisions contained in Section 6,
7 or 8 of this Agreement or in the Confidentiality and Work for Hire Agreement could result in irreparable injury to either of
the parties hereto for which there might be no adequate remedy at law, and that, in the event of such a breach or threat thereof,
the non-breaching party shall be entitled to obtain a temporary restraining order and/or a preliminary injunction and a permanent
injunction restraining the other party hereto from engaging in any activities prohibited by any covenant or provision in Section 6,
7 or 8 of this Agreement or in the Confidentiality and Work for Hire Agreement or such other equitable relief as may be required
to enforce specifically any of such covenants or provisions.

 

    	14

    	 

    

  

	19.		Insurance. The Company shall have the right at its own cost and expense
to apply for and to secure in its own name, or otherwise, life, health or accident insurance or any or all of them covering the
Executive, and the Executive agrees to submit to any usual and customary medical examination and otherwise cooperate with the
Company in connection with the procurement of any such insurance and any claims thereunder.

	20.		Notices.

	(a)		All notices, requests, demands and other communications required or permitted under
this Agreement shall be in writing and shall be deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise
delivered against receipt therefor, or (iii) sent by registered or certified mail, postage prepaid, return receipt requested.
Any notice shall be duly addressed to the parties as follows:

	(i)		if to the Company:

NTN Buzztime, Inc.

2231 Rutherford Road,
Suite 200

Carlsbad, CA 92008

Attn: Board of Directors

 

	(ii)		if to the Executive, the to address most recently on file in the payroll records of
the Company.

	(b)		Any party may alter the address to which communications or copies are to be sent by
giving notice of such change of address in conformity with the provisions of this Section 20 for the giving of notice. Any
communication shall be effective when delivered by hand, when otherwise delivered against receipt therefor, or five (5) business
days after being mailed in accordance with the foregoing.

	21.		Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed an original as against any party whose signature appears thereon, and all of which together shall
constitute one and the same instrument. This Agreement shall become binding when one or more counterparts hereof, individually
or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. Photographic copies of
such signed counterparts may be used in lieu of the originals for any purpose.

	22.		Legal Counsel; Mutual Drafting. Each party recognizes that this is a
legally binding contract and acknowledges and agrees that they have had the opportunity to consult with legal counsel of their
choice. Each party has cooperated in the drafting, negotiation and preparation of this Agreement. Hence, in any construction to
be made of this Agreement, the same shall not be construed against either party on the basis of that party being the drafter of
such language. The Executive agrees and acknowledges that he has read and understands this Agreement, is entering into it freely
and voluntarily, and has been advised to seek counsel prior to entering into this Agreement and has had ample opportunity to do
so.

 

    	15

    	 

    

 

	23.		Code Section 409A.

	(a)		It is intended that any amounts payable under this Agreement and the Company’s
exercise of authority or discretion hereunder shall comply with Section 409A of the Code (including the Treasury regulations
and other published guidance relating thereto) (“Code Section 409A”) so as not to subject the Executive
to any interest or additional tax imposed under Code Section 409A. To the extent that any amount payable under this Agreement
would trigger the additional tax imposed by Code Section 409A, the Agreement shall be modified to avoid such additional tax
yet preserve (to the nearest extent reasonably possible) the intended benefit payable to the Executive.

	(b)		Without limiting the generality of the foregoing, and notwithstanding any provision
in this Agreement to the contrary, any payments made from the date of the Executive's termination of employment through March
15th of the calendar year following such termination, are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2)
of the Treasury Regulations and thus payable pursuant to the "short-term deferral" rule set forth in Section 1.409A-1(b)(4)
of the Treasury Regulations; to the extent such payments are made following said March 15th, they are intended to constitute separate
payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations made upon an involuntary separation from service and
payable pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations, to the maximum extent permitted by said provision,
with any excess amount being regarded as subject to the distribution requirements of Section 409A(a)(2)(A) of the Code, including,
without limitation, the requirement of Section 409A(a)(2)(B)(i) of the Code. For purposes of the foregoing, if upon Executive's
separation from service he is then a "specified employee" (within the meaning of Code Section 409A), then to the extent
necessary to comply with Code Section 409A and avoid the imposition of taxes under Code Section 409A, the Company shall defer
payment of "nonqualified deferred compensation" subject to Code Section 409A payable as a result of and within six (6)
months following such separation from service under this Agreement until the earlier of (i) the first business day of the seventh
month following Executive's separation from service, or (ii) ten (10) days after the Company receives notification of Executive's
death. If the Company determines that any other payments hereunder fail to satisfy the distribution requirement of Section 409A(a)(2)(A)
of the Code, then the payment of such benefit shall be delayed to the minimum extent necessary so that such payments are not subject
to the provisions of Section 409A(a)(1) of the Code. Any payments that are delayed as a result of this Section 23(b) shall be
paid without interest.

 

    	16

    	 

    

 

 

IN WITNESS WHEREOF, the Company and
the Executive have executed this Agreement as of the first date set forth above.

 

	 	“COMPANY”
	 	NTN Buzztime, Inc., a Delaware corporation
	 	 
	 	By:      /s/ Jeffrey A. Berg
	 	Name:     Jeffrey A. Berg
	 	Title:     CEO
	 	 
	 	“EXECUTIVE”
	 	    /s/ Ram Krishnan
	 	Ram Krishnan

 

 

 

 

 

 

    	17

    	 

    

EXHIBIT A

 

CONFIDENTIALITY DISCLOSURE

 

 

 

None.

 

 

 

    	18

    	 

    

EXHIBIT B

 

NTN BUZZTIME, INC.

 

CONFIDENTIALITY AND
WORK FOR HIRE AGREEMENT

 

 

 

    	19

    	 

    

EXHIBIT C

 

 

 

NTN BUZZTIME, INC.

 

2010 PERFORMANCE INCENTIVE
PLAN

 

 

 

 

 

    	20

    	 

    

EXHIBIT D

 

MUTUAL AGREEMENT TO ARBITRATE

 

This Mutual Arbitration Agreement (“Arbitration Agreement”)
is entered into between NTN Buzztime, Inc. (“the Company”) and Ram Krishnan, an individual (the “Executive”).

 

Agreement to Arbitrate Certain Disputes and Claims

 

Executive and Company agree that they will submit any claim,
dispute, and/or controversy relating to or arising from Executive's employment with Company to final and binding arbitration. Arbitration
shall be the exclusive means of resolving the claim, dispute and/or controversy regardless of whether it is based on tort, contract,
statute, equity and/or other laws. This shall include, but not be limited to, claims of wrongful termination, discrimination, harassment,
conversion, theft of trade secrets, unfair competition, damage to person or property, breach of contract, defamation, violation
of any other non-criminal federal, state or other governmental common law, statute, regulation or ordinance. This Arbitration Agreement
shall apply to actions initiated by Executive or Company.

 

Company and Executive understand and agree that arbitration
of the disputes and claims covered by this Arbitration Agreement shall be the sole and exclusive mechanism for resolving any and
all existing and future disputes or claims arising out of Executive’s recruitment to or employment with the Company or the
termination thereof, except as specified below.

 

Claims Not Subject to Arbitration

 

Company and Executive further understand and agree that the
following disputes and claims are not covered by this Arbitration Agreement and shall therefore be resolved as required by the
law then in effect:

 

	•		Executive’s claims for workers’ compensation benefits, unemployment insurance,
or state or federal disability insurance.

	•		Either party's request for temporary injunctive relief prior to resolution of the
dispute on its merits in an arbitration proceeding.

	•		Any other dispute or claim that has been expressly excluded from arbitration by statute
or binding legal precedent.

	•		Any claims which, as a matter of law then in effect, cannot be the subject of a mandatory
arbitration agreement.

 

This Arbitration Agreement does not prevent Executive from filing
a charge with certain local, state or federal administrative agencies such as the United States Equal Employment Opportunity Commission
or the California Department of Fair Employment and Housing, or prevent Executive from filing for unemployment insurance or workers'
compensation benefits. Nothing in this Arbitration Agreement limits Executive's rights, or those of the Company, to seek provisional
relief pursuant to California Code of Civil Procedure section 1281.8 or any similar statute of applicable jurisdiction.

 

    	21

    	 

    

 

Final and Binding Arbitration; Waiver of Trial Before
Court, Jury or Government Agency

 

Company and Executive understand and agree that the arbitration
of disputes and claims under this Arbitration Agreement shall be instead of a trial before a court or jury or a hearing before
a government agency. Company and Executive understand and agree that, by signing this Arbitration Agreement, Company and Executive
are expressly waiving any and all rights to a trial before a court or jury or before a government agency regarding any disputes
and claims which Company and Executive now have or which Company and Executive may in the future have that are subject to arbitration
under this Arbitration Agreement, except as provided in the preceding section.

 

Arbitration Procedures

 

Any arbitration held under this Arbitration Agreement shall
be conducted before a single neutral arbitrator and shall be administered by the Judicial Arbitration and Mediation Service ("JAMS")
or its successor, unless the parties otherwise stipulate. The party initiating arbitration must provide written notice of the request
to arbitrate to the other party and to JAMS within the applicable statute(s) of limitations. Written notice to the Company is to
be directed to the Company's Human Resources Department. The arbitration shall be conducted in accordance with the JAMS Employment
Arbitration Rules and Procedures (the “JAMS Rules”), available for review at http://www.jamsadr.com, as those rules
are in effect at the time of the arbitration; provided, however, that the arbitrator shall allow the discovery authorized by California
Code of Civil Procedure section 1283.05 or any other discovery required by California law. The parties shall attempt to jointly
select the single neutral arbitrator. If they are unable to reach agreement, the procedures contained in the JAMS Rules shall apply,
or JAMS shall appoint the single arbitrator. The parties are entitled to be represented by counsel during the arbitration. To the
extent that any of the JAMS Rules or anything in this Arbitration Agreement conflicts with any arbitration procedures required
by California law, the arbitration procedures required by California law shall govern.

 

In the event JAMS is no longer able to supply the arbitrator,
such arbitrator shall be selected from the American Arbitration Association ("AAA") in accordance with AAA's employment
arbitration rules, available for review at http://www.adr.org, as those rules are in effect at the time of the arbitration, subject
to the same terms and conditions as arbitration with JAMS as referenced in the preceding paragraph.

 

Place of Arbitration

 

The arbitration shall take place in San Diego County, California,
or, at the Executive’s option, in the county in which the Executive works, or last worked, for the Company. The parties may
agree to hold the arbitration at any other place mutually agreeable to both of them.

 

Discovery

 

The arbitrator shall allow the discovery authorized by California
Code of Civil Procedure section 1283.05 or any other discovery required by California law.

 

Written Arbitration Award

 

In making an award, the Arbitrator shall have the authority
to make any finding and determine any remedy congruent with applicable law, including an award of compensatory or punitive damages.
In reaching a decision, the Arbitrator shall adhere to relevant law and applicable legal precedent, and shall have no power to
vary therefrom.

 

    	22

    	 

    

 

The Arbitrator shall issue a written award that sets forth the
essential findings and conclusions on which the award is based. The Arbitrator shall have the authority to award any relief authorized
by law in connection with the asserted claims or disputes. The Arbitrator’s award shall be final and binding on both the
Company and Executive and it shall provide the exclusive remedy(ies) for resolving any and all disputes and claims subject to arbitration
under this Arbitration Agreement. The Arbitrator’s award shall be subject to correction, confirmation, or vacation, by a
competent California court as provided by California Code of Civil Procedure Section 1285.8 et seq and any applicable California
case law setting forth the standard of judicial review of arbitration awards. The arbitrator shall not have the power to commit
errors of law or legal reasoning, and the award may be vacated or corrected on appeal to a court of competent jurisdiction for
any such error.

 

Governing Law

 

Company and Executive understand that this Arbitration Agreement
and its validity, construction and performance shall be governed by the laws of the State of California, without reference to rules
relating to conflicts of law. Any dispute(s) and claim(s) to be arbitrated under this Arbitration Agreement shall be governed by
the laws of the State of California, without reference to rules relating to conflicts of law.

 

Costs of Arbitration

 

The Company will bear the arbitrator’s fee and any other
type of expense or cost that the employee would not be required to bear if he or she were free to bring the dispute(s) or claim(s)
in court as well as any other expense or cost that is unique to arbitration. If the Executive is the party initiating arbitration,
he will be required to contribute to the administrative costs of the arbitration the same amount which he would have paid as a
filing fee in order to commence the action in a civil court of law. The Company and Executive shall each bear their own attorneys’
fees incurred in connection with the arbitration, and the arbitrator will not have authority to award attorneys’ fees unless
a statute or contract at issue in the dispute specifically authorizes the award of attorneys’ fees to the prevailing party,
in which case the arbitrator shall have the authority to make an award of attorneys’ fees as required or permitted by applicable
law. If there is a dispute as to whether the Company or Executive is the prevailing party in the arbitration, the Arbitrator will
decide this issue.

 

Severability

 

Company and Executive understand and agree that if any term
or portion of this Arbitration Agreement shall, for any reason, be held to be invalid or unenforceable or to be contrary to public
policy or any law, then the remainder of this Arbitration Agreement shall not be affected by such invalidity or unenforceability
but shall remain in full force and effect, as if the invalid or unenforceable term or portion thereof had not existed within this
Arbitration Agreement.

 

Complete Agreement

 

Company and Executive understand and agree that this Arbitration
Agreement and the Employment Agreement to which this agreement is attached contain the complete agreement between the Company and
Executive regarding the subjects covered hereby; that it supersedes any and all prior representations and agreements between us,
if any. This Arbitration Agreement may be modified only in a writing, expressly referencing this Arbitration Agreement and Executive
by full name, and signed by the Chief Executive Officer of the Company. Any such written modification must also expressly state
the intention of the parties to modify this Arbitration Agreement.

 

Knowing and Voluntary Agreement

 

The Executive is advised to consult with attorneys of his or
her own choosing before signing this Arbitration Agreement, and acknowledges that he or she has had an opportunity to do so. By
signing this Arbitration Agreement, Executive agrees that he or she has read this Arbitration Agreement carefully and understand
that by signing it, he or she is waiving all rights to a trial or hearing before a court or jury or government agency of any and
all disputes and claims regarding Executive’s employment with the Company or the recruitment to or termination thereof (except
as otherwise stated herein).

 

Consideration

 

The parties' mutual agreement to arbitrate the claims identified
herein, and the Company's agreement to pay most of the costs associated with the arbitration, provide good and sufficient consideration
for the mutual promises to arbitrate.

 

    	23

    	 

    

 

 

PLEASE READ CAREFULLY. BY SIGNING THIS AGREEMENT, EMPLOYEE
AND THE COMPANY ARE GIVING UP THEIR RIGHT TO FILE A LAWSUIT IN A COURT OF LAW AND TO HAVE THEIR CASE HEARD BY A JUDGE OR JURY AS
TO ANY CLAIMS COVERED BY THIS AGREEMENT TO ARBITRATE.

 

 

 

	
         

         

         

         

        Date: September 16, 2014

         
	
         

         

         

         

        /s/ Ram Krishnan

        

        Ram Krishnan

         

         

         

	Date:  September 16, 2014	
        NTN Buzztime, Inc.

         

         

         

        Jeffrey Berg

         

        By:

        Title: Chairman

         

 

 

 

    	24Exhibit 10.2

 

TRANSITION AGREEMENT

    

 This Transition Agreement (this “Agreement”)
is made and entered into this 5th day of September, 2014 (the “Effective Date”) by and between NTN Buzztime, Inc.,
a Delaware corporation (the “Company”) and Kendra S. Berger (“Ms. Berger”).

 

RECITALS

 

  WHEREAS, Ms. Berger has
served as Chief Financial Officer of the Company;

     

WHEREAS, Ms. Berger will be transitioning
from the Company; and

 

     WHEREAS,
the Company desires to secure Ms. Berger’s continued service until December 31, 2014 to allow for the timely completion
of her current assignments and to allow for an appropriate transition of duties.

         

NOW, THEREFORE, in consideration of the
foregoing and the mutual covenants contained herein, the parties agree as follows.

 

1. Continued Services. Ms. Berger agrees to provide
transition services from the Effective Date until December 31, 2014, or such later date as is mutually agreed upon in writing by
the Company and Ms. Berger. For her services during September 2014, the Company will pay Ms. Berger $20,000. For her
services during October, November and December 2014, the Company will pay Ms. Berger $15,000 per month. The foregoing payments
will be made in accordance with the Company’s regular payroll practices in effect from time to time, but not less frequently
than in monthly installments.

 

Additionally, provided that Ms. Berger elects continued insurance
coverage pursuant to COBRA in a timely manner, the Company will reimburse Ms. Berger for a period of four months an amount equal
to the difference between the amount of the COBRA premiums actually paid by Ms. Berger each such month and the amount of the most
recent premium paid by her immediately prior to the date her employment terminated for health insurance benefits that we offered.

 

2. Confidentiality and Work for Hire. Ms. Berger acknowledges
and reaffirms all of her obligations as set forth in the Confidentiality and Work for Hire Agreement executed on September 5, 2014
that are intended to continue to survive the termination of her employment with the Company, and agrees that such continuing obligations
will survive after execution of this Agreement.

          

3. Release of Claims and General Release.
In consideration of the benefits provided for in this Agreement, which Ms. Berger acknowledges she would not otherwise be
entitled to receive, Ms. Berger hereby releases the Company, as well as its affiliates, parents, subsidiaries, successors
and assigns, and each of their officers, directors, employees, agents and insurers (hereafter collectively, the "Released
Parties"), from any and all legal claims and causes of action whether accrued or unaccrued, whether known or unknown,
whether statutory, common law, or otherwise (“Claims”), arising at any time, up to and including, the Effective
Date, that Ms. Berger may have against any of the Released Parties, including, without limitation, all claims arising from or relating
to her employment with the Company, the terms and conditions of such employment, her separation of employment and the manner thereof,
or any restrictions, express or implied, on the right of the Company to terminate her employment, and any actions contemplated
or authorized by this Agreement. Such released claims shall include, without limitation, and only by way of example, all claims
of discrimination based upon any protected characteristic (e.g. age, race, sex, national origin, religion, disability, and
veteran’s status), including, without limitation, all claims arising under federal or state law, and all claims arising under
the California Labor Code, to the extent that the release of such claims is permissible by law. Ms. Berger further understands
that nothing in this Agreement affects her right to indemnification pursuant to California Labor Code section 2802, or her right
to file a claim or charge with a governmental agency as may be permitted by law.

 

Ms. Berger acknowledges and agrees: (a) that the foregoing release-of-claims
provision applies not only to claims covered by this provision that are presently known, suspected, or disclosed to Ms. Berger,
but also to claims covered by the provision that are presently unknown, unsuspected, or undisclosed to Ms. Berger; and (b) that
she is aware of the provisions of Section 1542 of the California Civil Code ("Code") regarding the effect of this
Agreement on the release of unknown, unsuspected, and undisclosed claims, and freely, voluntarily, and knowingly waive Section
1542 of the Code. Section 1542 of the Code provides:

    	1

    	 

    

 

 

A general release does not extend
to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which
if known by him or her must have materially affected his or her settlement with the debtor.

 

Notwithstanding anything to the contrary herein,
this release of claims excludes, and Ms. Berger does not waive, release or discharge, (i) any right to file an administrative charge
or complaint with the Equal Employment Opportunity Commission or other administrative agency, although Ms. Berger waives any right
to monetary relief related to such a charge or administrative complaint; (ii) claims which cannot be waived by law, such as claims
for unemployment benefit rights and workers' compensation (iii) indemnification rights Ms. Berger has against the Company; and
(iv) any rights to vested benefits, such as pension or retirement benefits.

 

(b) Specific Release of ADEA Claims.
In further consideration of the payments and benefits provided to the Ms. Berger in this Agreement, Ms. Berger hereby irrevocably
and unconditionally fully and forever waive, release and discharge the Released Parties from any and all Claims, whether known
or unknown, from the beginning of time to the date of Ms. Berger's execution of this Agreement arising under the Age Discrimination
in Employment Act (ADEA), as amended, and its implementing regulations. By signing this Agreement, Ms. Berger hereby acknowledges
and confirms that: (i) Ms. Berger has read this Agreement in its entirety and understands all of its terms; (ii) Ms. Berger has
been advised of and has availed herself of her right to consult with her attorney prior to executing this Agreement; (iii) Ms.
Berger knowingly, freely and voluntarily assents to all of the terms and conditions set out in this Agreement including, without
limitation, the waiver, release and covenants contained herein; (iv) Ms. Berger is executing this Agreement, including the waiver
and release, in exchange for good and valuable consideration in addition to anything of value to which she is otherwise entitled;
(v) Ms. Berger was given at least 21 days to consider the terms of this Agreement and consult with an attorney of her choice, although
she may sign it sooner if desired; (vi) Ms. Berger understands that she has seven days from the date she signs this Agreement to
revoke the release in this paragraph by delivering notice of revocation to the Chief Executive Officer of the Company by e-mail
or overnight delivery before the end of such seven-day period; and (vii) Ms. Berger understands that the release contained in this
paragraph does not apply to rights and claims that may arise after the date on which the Ms. Berger signs this Agreement.

 

4. Assignment. This Agreement is
personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement
or any rights or obligations hereunder; provided, however, that in the event of a merger, consolidation, or transfer
or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity, this Agreement
shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor shall discharge
and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

5. Number and Gender. Where the
context requires, the singular shall include the plural, the plural shall include the singular, and any gender shall include all
other genders.

 

6. Section Headings. The section
headings of, and titles of paragraphs and subparagraphs contained in, this Agreement are for the purpose of convenience
only, and they neither form a part of this Agreement nor are they to be used in the construction or interpretation thereof.

 

7. Governing Law. This Agreement,
and all questions relating to its validity, interpretation, performance and enforcement, as well as the legal relations hereby
created between the parties hereto, shall be governed by and construed under, and interpreted and enforced in accordance with,
the laws of the State of California, notwithstanding any California or other conflict of law provision to the contrary.

 

8. Severability. If any provision
of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications
of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this
Agreement are declared to be severable.

    	2

    	 

    

 

9. Entire Agreement. This Agreement
embodies the entire agreement of the parties hereto respecting the matters within its scope. This Agreement supersedes all prior
and contemporaneous agreements of the parties hereto that directly or indirectly bears upon the subject matter hereof. Any prior
negotiations, correspondence, agreements, proposals or understandings relating to the subject matter hereof shall be deemed to
have been merged into this Agreement, and to the extent inconsistent herewith, such negotiations, correspondence, agreements, proposals,
or understandings shall be deemed to be of no force or effect. There are no representations, warranties, or agreements, whether
express or implied, or oral or written, with respect to the subject matter hereof, except as expressly set forth herein.

 

10. Modifications. This Agreement
may not be amended, modified or changed (in whole or in part), except by a written agreement expressly referring to this Agreement,
which agreement is executed by both of the parties hereto.

 

11. Waiver. Neither the failure
nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege
with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

 

12. Acknowledgment of Full Understanding.
MS. BERGER ACKNOWLEDGES AND AGREES THAT SHE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY ENTERS INTO THIS AGREEMENT, AND THAT SHE
HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF HER CHOICE BEFORE SIGNING THIS AGREEMENT. MS. BERGER FURTHER
ACKNOWLEDGES THAT HER SIGNATURE BELOW IS AN AGREEMENT TO RELEASE THE RELEASED PARTIES FROM ANY AND ALL CLAIMS EXCEPT AS SET FORTH
HEREIN.

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be executed and delivered as of the date first written above.

 

	
        Kendra S. Berger

         

        /s/ Kendra Berger

         

        Date: September 5, 2014

         
	
        NTN Buzztime, Inc.

         

        By/s/ Jeff Berg

         

        TitleCEO

         

	 	 

 

 

    	3

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