Document:

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (this “Agreement”)
is made and entered into this 19th day of March, 2018, by and between NTN Buzztime, Inc., a Delaware corporation (the
“Company”), and Allen Wolff, an individual (the “Executive”).

 

RECITALS

 

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

 

A.
The Executive commenced employment with the Company as of December 29, 2014.

 

B.
The Company desires that the Executive continue to be employed by the Company to carry out the duties and responsibilities
described below, all on the terms and conditions set forth in this Agreement, effective as of the date set forth in the first
paragraph (the “Effective Date”).

 

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

 

D.
The Nominating and Corporate Governance/Compensation Committee (the “Committee”) of the Board of Directors
of the Company has determined and approved the terms of Executive’s continued employment on the terms and conditions set
forth in this Agreement.

 

E.
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 agree to continue the employment of the Executive and the Executive does hereby accept and agree to
    this 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 continued
    employment of Executive is conditioned upon, prior to the Effective Date, Executive passing a background check and maintaining
    compliance with federal I-9 requirements. 

 

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	 	1.2	Duties.
    During the Period of Employment, the Executive shall serve the Company as its Chief Financial Officer (the “CFO”)
    and shall have the powers, duties and obligations of management typically vested in the office of the CFO of a corporation,
    subject to the directives of the Company’s Board of Directors (the “Board”) and to 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 CFO will work closely with
    the Board, the CEO and senior management to manage administrative, financial and risk management operations of the Company,
    including the financial and operational strategy and the metrics tied to that strategy, as well as the ongoing monitoring
    of the controls designed to preserve company assets and report accurate financial results. The Executive will assist in the
    development of Company policies and objectives in accordance with Board directives to achieve sustainable and cumulative growth
    over time. Moreover, the Executive, in conjunction with 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 CEO.
	 	 	 
	 	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 entered into by the Executive as of December 16, 2014 and which is 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.

 

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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 Base Salary shall be at an annualized rate of Two Hundred Sixty Five Thousand Dollars ($265,000) and,
    subject to the Executive’s continued employment with the Company, the Executive’s Base Salary shall remain at
    the annualized rate of Two Hundred Sixty Five Thousand Dollars ($265,000). 
	 	 	 
	 	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 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 50%
    of the Executive’s Base Salary. The Executive’s Incentive Bonus shall be pro-rated for any Company-approved leaves
    of absence. 
	 	 	 
	 	 	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). The
    parties anticipate that the performance objectives will fall 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.
	 	 	 
	 	 	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.

 

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	 	2.3	Stock
    Units 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 Fifteen Thousand (15,000) 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.
	 	 	 
	 	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 all stock options granted to the Executive prior to the date hereof that are then outstanding
    will vest and, if applicable, become exercisable as of immediately before such effective date.

 

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. 
	 	 	 
	 	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 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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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 with
    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 or by the Executive for Good Reason, 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(b) shall commence after the Executive executes the General Release and it has
    become effective in accordance with its terms and is not revoked.
	 	 	 
	 	(c)	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).

 

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),
if applicable, and the benefits contemplated by this paragraph, regardless of the manner of the Executive’s termination
of employment.

 

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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), 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) 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), that the payments contemplated by Section 4.2 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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4.4
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; 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.

 

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

 

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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. 
	 	 	 
	 	(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. 

 

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	5.	Proprietary
    Information; Inventions and Developments. The Executive acknowledges having entered into the Confidentiality and Work
    for Hire Agreement, that he has abided by and not breached, and intends to continue to abide by and not breach, the terms,
    conditions and restrictions contained in it, and he hereby reaffirms the terms, conditions and restrictions and that as it
    relates to him, it remains in full force and effect.
	 	 
	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.
	 	 
	7.	Protective
    Covenant. The Executive acknowledges and agrees that should he accept a position 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, sports games or other interactive experiences (e.g., advertising, single player arcade games), or tableside
    order and payment 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.

 

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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.

 

	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.

 

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	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 Stock Unit Agreement 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.
	 	 
	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.

 

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	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 Stock Unit Agreement or any other agreements relating to the grant to
    Executive of equity-based awards, 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. 
	 	 
	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.

 

    	12

    	 

    

 

	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.

 

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.

 

    	13

    	 

    

 

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/
    Ram Krishnan
	 	Name:
    	Ram
    Krishnan 
	 	Title:
    	CEO

 

	 	“EXECUTIVE”
	 	 
	 	/s/
    Allen Wolff
	 	Allen
    Wolff

 

    	14

    	 

    

 

EXHIBIT
A

 

CONFIDENTIALITY
DISCLOSURE

 

None.

 

    	15

    	 

    

 

EXHIBIT
B

 

NTN
BUZZTIME, INC.

CONFIDENTIALITY
AND WORK FOR HIRE AGREEMENT

 

    	16

    	 

    

 

EXHIBIT
C

 

NTN
BUZZTIME, INC.

2010
PERFORMANCE INCENTIVE PLAN

 

    	17

    	 

    

 

EXHIBIT
D

 

MUTUAL
AGREEMENT TO ARBITRATE

 

This
Mutual Arbitration Agreement (“Arbitration Agreement”) is entered into between NTN Buzztime, Inc. (“the Company”)
and Allen Wolff, 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.

 

    	18

    	 

    

 

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.

 

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.

 

    	19

    	 

    

 

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.

 

    	20

    	 

    

 

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.

 

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:	March
    19, 2018	 	 	/s/
    Allen Wolff
	 	 	 	 	Allen
    Wolff
	 	 	 	 	 
	Date:	March
    19, 2018	 	NTN
    Buzztime, Inc.
	 	 	 	 	 
	 	 	 	 	/s/
    Ram Krishnan
	 	 	 	By:	Ram
    Krishnan
	 	 	 	Title:	CEO

 

    	21NTN
BUZZTIME, INC.

AMENDED
2010 PERFORMANCE INCENTIVE PLAN

STOCK UNIT AGREEMENT 

 

THIS
STOCK UNIT AGREEMENT (the “Agreement”), dated March 19, 2018 (the “Grant Date”) between NTN Buzztime,
Inc., a Delaware corporation (the “Corporation”), and Ram Krishnan (the “Recipient”), is entered into
as follows:

 

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

 

WHEREAS,
in order to give the Recipient an incentive to continue in the employ or service of the Corporation and to assure his or her continued
commitment to the success of the Corporation, the Nominating and Corporate Governance/Compensation Committee of the Board
of Directors of the Corporation or its delegates (the “Committee”) has determined that the Recipient shall be granted
units (“Stock Units”) representing hypothetical shares of the Corporation’s Common Stock, with each Stock Unit
equal in value to one share of the Corporation’s Common Stock, subject to the restrictions stated below and in accordance
with the terms and conditions of the NTN Buzztime, Inc. Amended 2010 Performance Incentive Plan (the “Plan”), a copy
of which can be obtained by written or telephonic request to the Stock Plan Administrator.

 

THEREFORE,
the parties agree as follows:

 

1.
Grant of Stock Units. Subject to the terms and conditions of this Agreement and of the Plan, the Corporation hereby
grants to the Recipient Stock Units covering Twenty Five Thousand (25,000) shares of Common Stock (the “Shares”).

 

2.
Vesting Schedule. Subject to the Recipient’s not experiencing a termination or reduction of employment or
service during the following vesting period, the interest of the Recipient in the Stock Units shall vest as follows: 16.67% of
the total shares shall vest on the six month anniversary of the Grant Date. The remaining 83.33% of the total shares shall vest
in (30) substantially equal monthly installments, with the first installment vesting on the seven month anniversary of the Grant
Date and each additional installment vesting on the same day of each of the remaining (29) months thereafter.

 

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

 

    	1

    	 

    

 

3.
Benefit Upon Vesting. Upon the vesting of the Stock Units and subject to any limitations set forth in this Agreement,
the Recipient shall be entitled to receive, and the Corporation shall as soon as reasonably practicable (but in any event, within
the period ending on the later to occur of the date that is two and one half (21⁄2) months after the end of (a) the Recipient’s
tax year that includes the applicable vesting date, or (b) the Corporation’s tax year that includes the applicable vesting
date) issue to the Recipient, a number of Shares equal to the number of Stock Units that have vested on the applicable vesting
date subject to Section 7 below.

 

4.
Restrictions. 

 

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

 

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

 

5.
Change in Control; Acceleration. In the event of a Change in Control, and provided that the Recipient is employed
by the Corporation through the effective date of the Change of Control, 100% of the then unvested portion of the Stock Units shall
vest as of immediately prior to the effective date of such Change in Control.

 

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

 

7.
Taxes. To meet the obligations of the Corporation (or a Subsidiary if the Recipient is employed by an entity other
than the Corporation) and the Recipient with respect to any income or employment withholding taxes, FICA contributions, or the
like under any federal, state, local or foreign statute, ordinance, rule, or regulation in or connection with the award grant,
vesting or settlement of the Stock Units, the Corporation may, at its sole discretion, either require the Recipient to deposit
with the Corporation an amount of cash sufficient to meet such obligations and/or, withhold the required amounts from the Recipient’s
pay during the pay periods immediately preceding the date on which any such applicable withholding tax or similar obligation otherwise
arises. The Corporation may also in lieu of or in addition to the foregoing, at its sole discretion, withhold a number of shares
of Common Stock otherwise deliverable under this award having a fair market value sufficient to satisfy the statutory minimum
(or such higher amount as is allowable without adverse accounting consequences) of the Recipient’s estimated total federal,
state, local and/or foreign tax obligations associated with the grant, vesting or settlement of the Stock Units. The Corporation
shall not deliver any of the Shares until and unless the Recipient has made the deposit required herein or proper provision for
all applicable tax withholding and similar obligations has been made. The Recipient hereby consents to any action reasonably taken
by the Corporation to meet all or any of such obligations.

 

    	2

    	 

    

 

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

 

9.
Plan Information. The Recipient acknowledges that the Recipient has received copies of the Plan and the Plan prospectus
from the Corporation and agrees to receive stockholder information, including copies of any annual report, proxy statement and
periodic report, from the SEC Filings section in the Investor Relations section of the Corporation’s website at www.buzztime.com.
The Recipient acknowledges that copies of the Plan, Plan prospectus, Plan information and stockholder information are also available
upon written or telephonic request to the Stock Plan Administrator.

 

    	3

    	 

    

 

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

 

11.
Code Section 409A Matters. The Company has attempted in good faith to structure the Stock Units in a manner that
conforms to the requirements of Code Section 409A(a)(2), (3) and (4), and any ambiguities herein will be interpreted to so comply
with these requirements to the maximum extent permissible. To the extent the IRS challenges whether the Stock Units in fact comply
with Code Section 409A(a)(2), (3) and (4), the Recipient shall be fully responsible for any additional taxes, penalties and/or
interest that might apply as a result of any adverse determination resulting from such challenge. To the extent the Stock Units
contemplate multiple distribution dates, each amount to be paid (Shares to be distributed) hereunder on any particular distribution
date is designated as a separate payment and such payments will not collectively be treated as a single payment. Notwithstanding
anything else to the contrary in this Agreement or the Plan, the Company may accelerate distribution of Shares under this Agreement
only in accordance with Treas. Reg. §1.409A-3(j)(4).

 

12.
Miscellaneous. 

 

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

 

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

 

    	4

    	 

    

 

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

 

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

 

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

 

	Accepted by RECIPIENT:	 	NTN BUZZTIME, INC.
	 	 	 	 	 
	Signature:
    	/s/
Ram Krishnan	 	By:
    	/s/
    Sandra Gurrola
	Print
    Name:	Ram
    Krishnan	 	Name:	Sandra
    Gurrola
	 	 	 	Title:	Vice
    President, Finance

 

RETAIN
THIS AGREEMENT FOR YOUR RECORDS

 

    	5

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