Document:

ACCRUED
COMPENSATION CONVERSION AGREEMENT

This Accrued
Compensation Conversion Agreement (the “Agreement”) is made and entered into this 25th day of April, 2018 (the
“Effective Date”) by and between Trevor Allen, Chief Executive Officer of Lans Holdings, Inc. (the “Executive”),
and Lans Holdings, Inc., a Nevada corporation (the “Company”).

WHEREAS,
the Company acknowledges that as of the Effective Date it owes the Executive Accrued Compensation (as defined below); and,

WHEREAS,
the Company’s Board of Directors (the “Board”) has determined it to be in the best interest of the Company
to allow the Executive to convert up to one hundred percent (100%) of the Accrued Compensation into 6,000 shares of Series C Preferred
Stock of the Company (the “Shares”); and

WHEREAS,
the Executive agrees to accept in lieu of the Accrued Compensation the Shares, understands that the Shares may be deemed compensation
for federal income tax purposes and that the Company may have a withholding obligation with respect to such compensation.

NOW, THEREFORE,
in consideration of the foregoing and the mutual agreements contained herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereby agree as
follows:

1. “Accrued Compensation”
shall mean $150,000.00, which represents all monies earned or accrued by the Executive, from November 15, 2016 through April 25th,
2018 but not paid to the Executive by the Company as of the Effective Date.

 

2. The Shares. The Executive
agrees to convert the Accrued Compensation into the Shares, by delivering an executed copy of this Agreement to the Company pursuant
to Section 5.

3. Consideration and Payment
of Taxes.

3.1 The Executive and the Company
shall each seek legal and accounting advice regarding all federal tax consequences of the Executive’s conversion of the Accrued
Compensation to Shares.

3.2 Prior to or contemporaneously
with the actual conversion of the Accrued Compensation to Shares, the Company shall pay directly to the Internal Revenue Service
on behalf of the Executive any and all amounts owed to it as a result of the conversion, including Executive’s portion of
withholding, payroll and social security taxes, as additional compensation.

4. Acceptance and Waiver.
The Executive acknowledges that (a) he is accepting the Shares in lieu of payment by the Company of the Accrued Compensation in
immediately available funds, (b) he waives all right to receive the Accrued Compensation in immediately available funds, and (c)
upon receipt of the Shares, he has received all amounts owed to him/her by the Company as of April 25, 2018, except any outstanding
expenses still to be submitted.

 

    	 		 

    	 

    

 

5. Notices and Addresses.  All
notices, acceptance and any other acts under this Agreement shall be in writing, and shall be sufficiently given if delivered to
the addresses in person, by Federal Express or similar courier delivery or by facsimile delivery, as follows:

Executive:

At the address designated
on the signature page of this Agreement.

 

The Company:

Lans Holdings, Inc.

Attn: Legal

 

or to such other address as either
of them, by notice to the others may designate from time to time. The transmission confirmation receipt from the sender's facsimile
machine shall be conclusive evidence of successful facsimile delivery. Time shall be counted to, or from, as the case may be, the
delivery in person or by mailing.

6. Entire Agreement.
 This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes
all prior oral and written agreements between the parties hereto with respect to the subject matter hereof. This Agreement may
not be changed, waived, discharged, or terminated orally but, rather, only by a statement in writing signed by the party or parties
against which enforcement or the change, waiver, discharge or termination is sought.

 

7. Section Headings.  Section
headings herein have been inserted for reference only and shall not be deemed to limit or otherwise affect, in any matter, or be
deemed to interpret in whole or in part, any of the terms or provisions of this Agreement.

 

8. Severability.  In the
event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding
with the same effect as though the void parts were deleted.

 

9. Choice of Law and Jurisdiction.
 This Agreement shall be governed by the laws of the State of Nevada. Each of the parties consents to the jurisdiction of
the applicable State or Federal Court located in Clark County, Nevada in connection with any dispute arising under this Agreement
and hereby waives, to the maximum extent permitted by law, any objection, including any objection based on forum nonconveniens
to the bringing of any such proceeding in such jurisdictions.

 

10. Counterparts.  This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature.

 

11. Benefit.  This Agreement
shall be binding upon and inure to the benefit of the parties hereto.

 

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IN WITNESS WHEREOF, this
Agreement is entered into as of the date first set forth above.

	 	 	 
	 	LANS HOLDINGS, INC.
	 	 	 
	 	 	 
	 	By:  	/s/ Anthony Ribas
	 	 	
        Anthony Ribas

        Title:  President

	 	 

 

	 	 	 
	 	EXECUTIVE
	 	 	 
	 	 	 
	 	By:  	/s/ Trevor Allen
	 	 	
        Trevor Allen

        Address:

        City:

Postal: 

	 	 

    	 	3AMENDMENT
TO EMPLOYMENT AGREEMENT

 

THIS
AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”)
is made and entered into this 19th day of March, 2018 (the “Amendment Effective Date”) by and between
NTN Buzztime, Inc., a Delaware corporation (the “Company”), and Ram Krishnan, an individual (the “Executive”
and together with the Company, the “Parties”).

 

RECITALS

 

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

 

A.
The Company and the Executive entered into that certain Employment Agreement (the “Agreement”) dated as
of August 21, 2014.

 

B.
The Parties desire to amend certain provisions of the Agreement in the manner reflected herein, effective as of the Amendment
Effective Date.

 

C.
The Executive desires to continue employment on the terms and conditions set forth in the Agreement as amended by this Amendment.

 

D.
The Nominating and Corporate Governance/Compensation Committee (the “of the Board of Directors of the Company (the “Board”)
has determined and approved the amendment of the Agreement in the manner reflected herein.

 

E.
Capitalized terms not defined in this Amendment have the meanings given to them in the Agreement.

 

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, effective as of the Amendment Effective Date:

 

	1.	Compensation.
                                         

 

		1.1	Section
                                         2.1 of the Agreement is hereby amended by adding that for the calendar years 2018, 2019
                                         and 2020, the Executive’s Base Salary shall be at the annualized rate of Three
                                         Hundred Fifty Thousand Dollars ($350,000).
	 	 	 
		1.2	Section
                                         2.2 of the Agreement is hereby amended by adding the following at the end of the first
                                         paragraph of Section 2.2: “The level of achievement of performance metrics will
                                         be determined and approved by Board (or its nominating and corporate governance/compensation
                                         committee) in its sole discretion. The Executive’s target potential Incentive Bonus
                                         amount for the 2018, 2019 and 2020 calendar years shall be set at 75% of the Executive’s
                                         Base Salary. The performance objectives for the Incentive Bonus for each calendar year
                                         will be determined by no later than March 31 of the current year (e.g., the Incentive
                                         Bonus for the calendar year 2018 shall be determined no later than March 31, 2018).”

 

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		1.3	Section
                                         2.2 of the Agreement is hereby further amended by adding the following as a new paragraph
                                         at the end of Section 2.2: “In lieu of the Incentive Bonus, if the Company’s
                                         CEO and CFO and the nominating and corporate governance/compensation committee of the
                                         Board agree, the Executive shall instead be eligible to receive a spot bonus in an amount
                                         to be determined by the Board (or its nominating and corporate governance/compensation
                                         committee) in its sole discretion.”
	 	 	 
		1.4	Section
                                         2.3(e) of the Agreement is hereby deleted in its entirety and replaced with the following:

 

(e)
“Intentionally Omitted”

 

		1.5	Section
                                         2.3 of the Agreement is hereby amended by inserting the following provision as a new
                                         section 2.3(f):

 

(f)
Stock Unit Grant. Subject to the other terms of this Section 2.3 and to the terms and conditions set forth in the
Amended 2010 Performance Incentive Plan, a copy of which is attached hereto as Exhibit C (the “Amended 2010 Performance
Incentive Plan”), the Company will grant to the Executive stock units representing Twenty-Five Thousand (25,000) shares
of the Company’s common stock (the “Stock Units Grant”). The Stock Units Grant will vest in accordance with,
and otherwise be subject to, the terms of an Amended 2010 Performance Incentive Plan Stock Unit Agreement (the “Stock Unit
Agreement”) to be entered into by the Company and the Executive on or about the date hereof, a form of which has been provided
to the Executive.

 

		1.6	The
                                         following section shall be added as new section 2.4 to the Agreement:

 

	 	2.4	Change
in Control Incentive. In the event of a Change in Control (as defined in Section 4.4) and provided that the Executive
is employed by the Company through the effective date of the Change in Control, then 100% of the then unvested portion of the
Stock Units Grant and of the options described in Section 2.3 that are then outstanding will vest and, if applicable, become exercisable
as of immediately before such effective date.

 

	2.	Benefits.
                                         Section 3.3 of the Agreement is hereby deleted in its entirety and replaced with
                                         the following:

 

	 	3.3	Paid
Time Off. During the Period of Employment, the Executive shall be permitted time off in accordance with the Company’s
PTO policies in effect from time to time. The Executive shall also be entitled to all other holiday and leave pay generally available
to other executives of the Company.

 

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	3.	Termination.
                                         

 

		3.1	Section
                                         4.2 of the Agreement is hereby amended as follows:

 

		(a)	Section
                                         4.2(c) is hereby amended by deleting each occurrence (3 occurrences in total) of the
                                         phrase “six (6) months” and replacing each with the phrase “nine (9)
                                         months”.
	 	 	 
		(b)	Section
                                         4.2(d) is hereby deleted in its entirety and replaced with the following: “Intentionally
                                         Omitted.”

 

		3.2	Section
                                         4.3 of the Agreement is hereby deleted in its entirety and replaced with the following:

 

		(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) 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
                                         and its committees as contemplated above.
	 	 	 
		(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), that the payments contemplated by Section 4.2 and Section 4.2(c)
                                         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, 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.

 

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	4.	Certain
                                         Defined Terms.

 

		4.1	Section
                                         4.4(a) of the Agreement is hereby amended in its entirety to read as follows:

 

		(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; and

 

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

 

		4.2	Section
                                         4.4(c) of the Agreement is hereby amended in its entirety to read as follows: “As
                                         used herein, “Change in Control” (i) has the meaning given to such term in
                                         the NTN Buzztime, Inc. 2010 Performance Incentive Plan attached hereto as Exhibit C with
                                         respect to the options described in Section 2.3; and (ii) has the meaning given to such
                                         term in the Amended 2010 Performance Incentive Plan with respect to the Stock Units Grant.”

 

	5.	Protective
                                         Covenant. Section 7 of the Agreement is hereby amended by deleting the phrase
                                         “include any activities in the fields of electronically simulated trivia and sports
                                         games or interactive television efforts in the hospitality industry,” and replacing
                                         it with the phrase “include any activities in the fields of electronically simulated
                                         trivia, sports games or other interactive experiences (e.g., advertising, single player
                                         arcade games), or tableside order and payment in the hospitality industry,”.
	 	 
	6.	Counterparts.
                                         This Amendment may be executed in any number of electronic or original counterparts,
                                         each of which shall be deemed an original, and all of which together shall constitute
                                         one and the same instrument.
	 	 
	7.	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 Amendment. Hence, in any construction to be made of this Amendment,
                                         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 Amendment, is entering into it freely and voluntarily, and has been
                                         advised to seek counsel prior to entering into this Amendment and has had ample opportunity
                                         to do so.
	 	 
	8.	Ratification.
                                         All terms and provisions of the Agreement not amended hereby, either expressly or
                                         by necessary implication, shall remain in full force and effect. From and after the date
                                         of this Amendment, all references to the term “Agreement” in this Amendment
                                         or in the original Agreement shall include the terms contained in this Amendment.

 

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

 

	 	“COMPANY”
	 	 
	 	NTN
    Buzztime, Inc., a Delaware corporation
	 	 	 
	 	By:
    	/s/
    Steve Mitgang
	 	Name:
    	Steve
    Mitgang
	 	Title:
    	Chairman,
    Nominating and Corporate
	 	 	Governance/Compensation
    Committee
	 	 
	 	 “EXECUTIVE” 
	 	 	 
	 	 	/s/
    Ram Krishnan
	 	 	Ram
    Krishnan

 

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