Document:

Exhibit 10.2

 

 

 

April 12, 2013

 

Kirk Nagamine

1710 N. Filbert Avenue

Clovis, CA 93619

 

Re: Offer of Employment

 

 

Dear Kirk:

 

NTN Buzztime, Inc. ("Buzztime")
is pleased to offer you the position of Chief Revenue Officer, reporting to Jeff Berg, Interim Chief Executive Officer. Your anticipated
start date will be Monday, April 15, 2013. This offer and your employment relationship will be subject to the terms and conditions
of this letter.

 

Your initial salary will be $8,653.85 per
pay period ($225,000.00 annualized), less applicable withholdings, paid bi-weekly in accordance with Buzztime's normal payroll
practices. Future adjustments in compensation, if any, will be made by Buzztime in its sole and absolute discretion. This position
is exempt therefore you will not receive overtime pay if you work more than (8) hours in a workday or (40) hours in a workweek.

 

You will be eligible to participate in
Buzztime’s Corporate Incentive Plan ("the Incentive Plan"). The intention of the Incentive Plan is to motivate
its participants to focus on and maximize their efforts to achieve Buzztime's corporate goals.

 

Subject to Buzztime's Board of Directors'
approval, you will be granted incentive stock options (to the fullest extent allowed under current legal limitations) to purchase
300,000 shares of Buzztime's common stock in accordance with the NTN Buzztime, Inc. 2010 Employee Stock Option Plan (the "Plan")
and related option documents. The option will vest over a period of four (4) years and expire at the end of ten (10) years in accordance
with the terms of the Plan.

 

Upon commencement of your employment, the
company shall reimburse you for your actual and reasonable commuting and relocation costs from Clovis, CA to San Diego, CA metropolitan
area. The total amount of reimbursement for commuting and relocation expenses will be the lesser of actual expenses or $25,000.
It is expected that your relocation to the San Diego area will be complete no later than July 15, 2013. Portions or possibly all
of the commuting and relocation payments may be subject to withholding taxes such as federal, state and local income or other taxes
as may be required pursuant to any applicable law or regulation.

 

You will also be eligible for all benefits
available to other full-time Buzztime employees, in accordance with Buzztime's benefit plan documents. Such benefits include participation
in Buzztime's medical, dental, vision, life and other group insurance programs on the first of the month following your hire date
and participation in Buzztime's 401(k) Program with enrollment occurring quarterly on 1/1, 4/1, 7/1 and 10/1. Buzztime reserves
the right to change or eliminate these benefits on a prospective basis at any time.

 

    	 

    	 

    

 

If you accept our offer, your employment
with Buzztime will be "at-will." This means your employment is not for any specific period of time and can be terminated
by you at any time for any reason. Likewise, Buzztime may terminate the employment relationship at any time, with or without cause
or advance notice. In addition, Buzztime reserves the right to modify your position, duties or reporting relationship to meet business
needs and impose appropriate discipline. Any change to the at-will employment relationship must be by a specific, written agreement
signed by you and Buzztime's Chief Executive Officer.

 

This offer is contingent upon the following:

 

- Signing Buzztime's Ethics Policy (See
enclosed);

 

- Compliance with federal I-9 requirements
(please bring suitable documentation with you on your first day of work verifying your identity and legal authorization to work
in the United States);

 

- Satisfactory completion of a background
investigation to include criminal, credit, education verification and reference checks;

 

- Signing Buzztime's Arbitration Agreement;

 

This letter, including the enclosed Ethics
Policy, constitutes the entire agreement between you and Buzztime relating to this subject matter and supersedes all prior or contemporaneous
agreements, understandings, negotiations or representations, whether oral or written, express or implied, on this subject. This
letter may not be modified or amended except by a specific, written agreement signed by you and Buzztime's Chief Executive Officer.

 

This offer will expire on April 14, 2013.
To indicate your acceptance of Buzztime's offer on the terms and conditions set forth in this letter, please sign and date this
letter in the space provided below and return it to Human Resources no later than 4/14/13.

 

We hope your employment with Buzztime will
prove mutually rewarding, and I look forward to having you join us.

 

Sincerely,

 

/s/ Jeff Berg

 

Jeff Berg

Interim Chief Executive Officer

 

 

I have read this offer letter in its entirety
and agree to the terms and conditions of employment. I understand and agree that my employment with Buzztime is at-will, which
means either you or Buzztime may terminate the employment relationship at any time with or without cause or advance notice.

 

	 	 	 	 	 
	April 14, 2103	 	 	/s/ Kirk Nagamine	 
	Date	 	 	Kirk Nagamine	 

 

 

 

    	2Exhibit 10.1

  

SEPARATION AGREEMENT AND RELEASE

 

This Separation Agreement
and Release (this “Agreement”) is made and entered as of June 11, 2013 by and between Michael Levinsohn an individual
(“Employee”) and Lenco Mobile, Inc., a Delaware corporation (the “Company”).

 

RECITALS

 

A.          Employee has
been employed by the Company as its Chief Executive Officer and is currently employed by the Company as its Executive Chairman
pursuant to that certain Employment Agreement dated September 1, 2009 (the “Employment Agreement”).

 

B.          Employee currently
serves on the Company’s Board of Directors.

 

C.          Employee and
the Company wish to enter into this Agreement to provide for the termination of Employee’s employment relationship with the
Company and to resolve any claims that Employee may have or claim to have against the Company and certain claims that the Company
may have or claim to have against Employee.

 

AGREEMENTS

 

In consideration of
the foregoing recitals and the mutual promises contained below, it is agreed as follows:

 

		1.	Employment Termination

 

(a)          The Employment
Agreement and Employee's employment relationship with the Company and any other entities controlling, controlled by or under common
control with the Company (“Affiliates”) will terminate as of the Closing Date (as that term is defined below). Employee
acknowledges that as of the Effective Date he has been paid all compensation owed to him by Company and any Affiliates, except
as set forth in this Agreement.

 

(b)          As Employee
is no longer an employee of the Company he will cease to hold the title of “Executive Chairman” but this Agreement
does not terminate Employee’s position on the Company’s Board of Directors.

 

		2.	Agreements and Closing

 

2.1         Undertakings
of the Company. Subject to the condition precedent set forth in section 2.4, below, the Company will:

 

(a)          within five (5) business days after the date first set forth above, pay to Employee $70,069.43 representing the amount owed
for unpaid salary as of the Effective Date;

 

(b)          within five (5) business days after the date first set forth above, pay to Employee $18,140.71 representing the amount owed
for unreimbursed business expenses;

 

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(c)          on the Closing Date, pay to Employee $34,904.00 representing accrued vacation time;

 

(d)          on the Closing Date, enter into a Referral Agreement with Employee in the form attached hereto as Exhibit A;

 

(e)          between the Effective Date and the Closing Date, delete all email records of Employee from any Company servers or systems;
provided that the Company may make and deposit with Company’s law firm one copy of such records; and

 

(f)          reasonably cooperate with Employee and diligently endeavor to assist Employee, at no out-of-pocket expense to the Company,
in connection with any applications for temporary or permanent citizenship, residency or work permissions that Employee may submit
or file with the relevant United States governmental authorities.

 

2.2         Undertakings
of Employee. Employee will:

 

(a)          on the Closing
Date, enter into a Referral Agreement with Company in the form attached hereto as Exhibit A;

 

(b)          on the Closing
Date, sign and deliver to the Company the notice of Employee’s resignation of employment in the form attached as Exhibit
B;

 

(c)          on the Closing
Date, without prejudice to or limiting the scope of any waivers or releases provided herein, sign and deliver to the Company a
waiver and release in the form attached as Exhibit C; and

 

(d)          reasonably cooperate
with the Company, at no out-of-pocket expense to Employee, in investigating, responding to questions, litigating, mediating and
otherwise resolving any and all outstanding or new litigation matters or disputes that relate to the period of time during which
Employee was employed by the Company or any Affiliate, or any acts or omissions of the Company or any Affiliate during such time.

 

2.3         Closing;
Closing Date. “Closing” is the consummation of the obligations set forth in Section 2.1(a) through 2.1(e) and Section
2.2(a) through 2.2(b). The parties intend that the date on which Closing shall occur (the “Closing Date”) shall be
as soon as practicable after the Effective Date with a target date of June 30, 2013. If Closing has not occurred by August 11th,
2013 then this Agreement shall terminate and be of no further force or effect.

 

2.4         Condition
Precedent to Obligations to Close. Neither party shall have any obligation to perform any of its covenants or obligations under
this Agreement or obligation to close unless the other party has performed each of its covenants hereunder to be performed on or
at the Closing Date. Employee shall have no obligation to perform any of its covenants or obligations under this Agreement and
shall have no obligation to close if at any time between the Effective Date and Closing Date, Employee provides written notice
to the Company that Employee wishes to cancel this Agreement. Company shall have no obligation to perform any of its covenants
or obligations under this Agreement and shall have no obligation to close unless all Series A Preferred Stock, other than any shares
of Series A Preferred Stock owned by Sterling Capital Partners Inc., have been redeemed or otherwise cancelled such that there
are no shares of Series A Preferred Stock issued and outstanding on the Closing Date, other than any shares of Series A Preferred
Stock owned by Sterling Capital Partners Inc. or shares that may have been acquired by a third party from Sterling Capital Partners
Inc. prior to the Closing.

 

    	2

    	 

    

  

		3.	Salary
and Benefits; Stock and Stock Options

  

3.1         Salary
and Benefits. During the period between the Effective Date and the Closing Date, Employee will not be paid or accrue any salary,
vacation time or other monetary benefits. Employee will continue to be covered under the Company health insurance policies and
plan as well as the Company’s dental, vision and any insurance policies and plans in the same manner as Employee is covered
and enrolled on the Effective Date. Company will advise its health insurance provider that that Employee’s employment is
governed by California law and should be subject to a post-termination COBRA coverage period of 36 months.

 

3.2         Stock.
Nothing herein shall affect any of Employee’s stock ownership or rights.

 

3.3         Stock Options.
Between the Effective Date and the Closing Date, Employee’s stock option grants will remain in effect and vesting under those
grants will continue. As of the Closing Date, Employee’s employment relationship with the Company will terminate. Because
Employee will remain a director of the Company, Employee shall not be deemed to have entered the post-termination exercise period
with respect to vested rights to purchase shares of stock under outstanding stock options until such time as Employee ceases to
be a director of the Company. Employee and Company agree that any shares subject to outstanding stock option grants that are unvested
as of the Closing Date will be and are hereby cancelled; provided that (i) Employee’s option rights with respect to 3,250,000
of the 6,500,000 shares of the option award dated as of April 11, 2012, all of which are unvested as of the Effective Date, shall
vest on the Closing Date; and (ii) Employee shall receive a stock option grant of 1,200,000 shares on terms equivalent to the terms
of the grants made to other non-executive directors over the past 12 months.

 

		4.	Acknowledgment of Other Agreements

 

Employee expressly
acknowledges his and the Company’s post-employment obligations under the Employment Agreement and all other agreements between
himself and the Company, including, without limitation, any agreements regarding confidentiality, inventions and other intellectual
property assignments or transfers, stock option agreements and indemnification agreements (collectively, the "Other Agreements"),
all of which obligations shall remain in full force and effect.

 

		5.	General Release of Claims

 

5.1         By Employee.
Effective as of the Closing Date:

 

(a)          Employee expressly
waives any claims against the Company (including, for purposes of this paragraph 5, all parents, affiliates, subsidiaries, officers,
directors, stockholders, managers, employees, agents, investors, and representatives) and releases the Company from any claims,
whether known or unknown, which existed or may have existed at any time up to the Closing Date, including claims related in any
way to Employee's employment with the Company or the ending of that relationship. This waiver and release includes, but is not
limited to, any claims for wages, bonuses, employment benefits, stock options or restricted stock, or damages of any kind whatsoever,
arising out of any common law torts, arising out of any contracts, express or implied, any covenant of good faith and fair dealing,
express or implied, any theory of wrongful discharge, any theory of negligence, any theory of retaliation, any theory of discrimination
or harassment in any form, any legal restriction on the Company's right to terminate employees, or any federal, state, or other
governmental statute, executive order, or ordinance, including, without limitation, Title VII of the Civil Rights Act of 1964 as
amended, the Civil Rights Act of 1991, the Civil Rights Act of 1866, 42 U.S.C. § 1981, the Americans with Disabilities
Act, the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Family and Medical Leave Act, the
Employee Retirement Income Security Act, the Unruh Civil Rights Act, the California Fair Employment and Housing Act, or any other
legal limitation on or regulation of the employment relationship.

 

    	3

    	 

    

 

(b)          This waiver
and release is intended to be construed as broadly and comprehensively as the law permits. However, this waiver and release shall
not be construed as waiving or releasing any claim that as a matter of law cannot be waived or released.

 

(c)          Employee and
the Company intend this Agreement to be a general release which shall bar to each and every claim, demand, or cause of action released
in the Agreement. Employee recognizes that s/he may have some claim, demand, or cause of action against the Company of which Employee
is totally unaware and unsuspecting or about which Employee has limited information. Employee understands and intends, in executing
this Agreement, that the Agreement will deprive Employee of each such claim, demand or cause of action and prevent Employee from
asserting it against the Company, even if Employee later learns information that might have affected Employee’s decision
to enter into this Agreement. In furtherance of this intention, Employee expressly waives any rights or benefits conferred by the
provisions of section 1542 of the Civil Code of the State of California, or any similar state law, which provides as follows:

 

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.

 

(d)          Employee represents
that Employee has not filed any complaints, charges or lawsuits against the Company with any governmental agency or any court,
and agrees that Employee will not initiate any complaints or lawsuits in the future. Employee does not hereby waive his right to
file a charge with the Equal Employment Opportunity Commission (“EEOC”) of similar government agency, but Employee
does hereby waive his right to recover monetary relief as the result of any EEOC or other charge or complaint.

 

(e)          Employee represents
and warrants that he is the sole owner of the actual or alleged claims, rights, causes of action, and other matters which are released
herein, that the same have not been assigned, transferred, or disposed of in fact, by operation of law, or in any manner, and that
he has the full right and power to grant, execute and deliver the releases, undertakings, and agreements contained herein.

 

(f)          The foregoing
waivers and releases in this Section 5 shall not preclude Employee from pursuing claims relating to enforcing Employee’s
rights under this Agreement.

 

5.2        By Company.
Effective as of the Closing Date, the Company expressly waives and releases any claims against the Employee that existed at any
time up to the Effective Date and that the Company now knows to exist.

 

		6.	Nonsolicitation and Nondisclosure

 

(a)          For one (1)
year from the Closing Date, Employee will not induce, or attempt to induce, directly or indirectly, any employee, consultant, or
independent contractor of the Company to leave such employment or relationship or to engage in, be employed by, perform services
for, participate in or otherwise be connected with, either directly or indirectly, me or any enterprise with which Employee may
in any way be associated.

 

    	4

    	 

    

 

(b)          For one (1)
year from the Closing Date, Employee will not induce, or attempt to induce, directly or indirectly, any customer or prospective
customer of the Company to do business with any person or entity that offers products or services that compete with products or
services then offered by the Company. The foregoing prohibition regarding prospective customers shall apply to prospective customers
that (i) as of the Effective Date, Company has held discussions with regarding provision of products and/or services by the Company,
or (ii) Employee knows or has reason to know prior to Employee contacting such customer that Company has held discussions or has
plans, appointments or meetings set up to discuss with such customer the provision of products or services by Company.

 

(c)          Employee will
not use or disclose for any reason any confidential information that he acquired during his employment with the Company, whether
belonging to the Company or to any third party.

 

		7.	No Admission of Wrongdoing

 

This Agreement shall
not be construed as an admission by either party of any wrongful or unlawful act or breach of contract.

 

		8.	Nondisparagement

 

Employee agrees to
refrain from making any derogatory or disparaging comments to the press or any individual or entity regarding the Company, its
business, directors, employees, affiliates or related activities, or the relationship between the parties. The Company agrees to
refrain from making any derogatory or disparaging comments to the press or any individual or entity regarding Employee or the relationship
between the parties.

 

		9.	Return of Property

 

Employee confirms that
Employee has returned to the Company, or will return to the Company within five (5) business days following the Closing, all files,
memoranda, records, credit cards, pagers, computers, computer files, passwords and pass keys, card keys, or related physical or
electronic access devices, and any and all other property received from the Company or any of its current or former employees or
generated by Employee in the course of employment.

 

		10.	Entire Agreement

 

This Agreement sets
forth the entire understanding and agreement between Employee and the Company with respect to the subject matter hereof, and supersedes
any prior agreements or understandings, express or implied, pertaining to the terms of Employee's employment with the Company,
the employment relationship and/or the termination of the employment relationship and benefits to be provided in connection therewith,
except for the post-employment provisions of the Other Agreements. Each party acknowledges that in executing this Agreement, they
are not relying upon any representation or statement by the other concerning the subject matter of this Agreement, except as expressly
set forth in the text of the Agreement. No modification or waiver of this Agreement will be effective unless evidenced in a writing
signed by both parties. Nothing in this paragraph or in this Agreement shall be deemed to modify or supersede any of Employee’s
post-employment obligations under the Other Agreements, all of which shall remain in full force and effect.

 

    	5

    	 

    

 

		11.	Governing Law; Venue; Fees and Costs

 

(a)          This Agreement
will be governed by and construed exclusively in accordance with the laws of the State of California without reference to its choice
of law principles. The exclusive venue for any legal proceeding relating to this Agreement shall be in the state and federal courts
located in King County, Washington, and each party irrevocably consents to the jurisdiction of such courts for purposes of any
such action. The prevailing party in any legal action relating to this Agreement shall be entitled to costs, expenses and reasonable
attorneys' fees except as prohibited by applicable law.

 

		12.	Knowing and Voluntary Agreement; Consideration and Revocation Periods

 

Employee agrees
that Employee has carefully read and fully understands all aspects of this Agreement, including the fact that this Agreement releases
any claims that Employee might have against the Company, including, without limitation, claims under the federal Age Discrimination
in Employment Act. Employee agrees that Employee has not relied upon any representations or statements not set forth herein or
made by the Company's agents or representatives. Employee is advised to consult with an attorney prior to executing the Agreement.
Employee has either done so or knowingly waived the right to do so, and now enters into this Agreement without duress or coercion
from any source. Employee agrees that he has been provided the opportunity to consider for twenty-one (21) days whether to enter
into this Agreement, and has voluntarily chosen to enter into it on this date. Employee may revoke this Agreement for a period
of seven (7) days following his execution of this Agreement. The “Effective Date” of this Agreement shall be the day
after the revocation period expires without revocation by Employee. 

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the dates indicated below.

 

	
        COMPANY

         

        

        

        

        Lenco Mobile, Inc.

        

        ____________________________

        By:__________________________

        Title:________________________
	
        EMPLOYEE

        

        

        

        

        

        

        _______________________________

        Michael Levinsohn

 

 

 

 

 

 

 

 

 

 

    	6

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