Authorization of Sale of the Securities Clause Samples

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has, or before the Closing (as defined below) will have, authorized the sale and issuance of up to 752,000 shares of its Common Stock (the "Common Stock"). The shares of Common Stock sold hereunder shall be referred to herein as the "Shares" or the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of (a) up to 2,000,000 shares of its Common Stock (the "Common Stock"), (b) Warrants, each in substantially the form attached hereto as Exhibit B (each a "Warrant" and collectively the "Warrants"), to purchase up to 400,000 shares the "Warrant Shares") of the Company's Common Stock. The shares of Common Stock sold hereunder and the Common Stock issuable upon exercise of the Warrants and the Placement Agent Warrants together shall be referred to herein as the "Shares." The Shares and the Warrants shall be referred to herein as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 3,973,510 shares (the “Securities”) of common stock, par value $.001 per share (the “Common Stock”), of the Company.

Authorization of Sale of the Securities. The Company and Buzztime have authorized the sale and issuance of certain units (the "Units"; each Unit consisting of one share of the Company's common stock, par value $.005 per share, and one-fourth of a warrant to purchase one share of Buzztime's common stock, par value $.001 per share). The shares of the Company's common stock sold hereunder shall be referred to herein as the "Shares," the Buzztime warrants sold hereunder shall be referred to herein as the "Warrants," and the shares of Buzztime common stock underlying the Warrants shall be referred to herein as the "Warrant Shares." A form of the Warrant is attached as Appendix I. At the Closing, the Company and the Investor will enter into the NTN Investor Rights Agreement and the Company, Buzztime and the Investor will enter into the Buzztime Investor Rights Agreement. The warrants exercisable for shares of the Company's common stock that are issuable upon the exchange of the Warrants pursuant to the Buzztime Investor Rights Agreement (subject to adjustment to reflect stock splits, combinations, stock dividends, mergers or reclassifications) shall be referred to herein as the "Exchange Warrants." The shares of the Company's common stock that are issuable upon the exchange of the Warrant Shares pursuant to the Buzztime Investor Rights Agreement at a fixed ratio of two shares of the Company's common stock for each Warrant Share (subject to adjustment to reflect stock splits, combinations, stock dividends, mergers or reclassifications), together with the shares of the Company's common stock that are issuable upon the exercise of the Exchange Warrants, shall be referred to herein as "Exchange Shares." In addition, the Company has authorized the issuance of 666,667 shares of the Company's common stock to the Investor as payment of the license fee for the initial term under Section 3.1 of the Licensing Agreement to be entered into by the Company, Buzztime and the Investor at the Closing (the "Licensing Agreement," and such shares to be issued to the Investor at the Closing pursuant thereto, the "License Fee Shares"). The Licensing Agreement further permits the issuance of additional shares of the Company's common stock or Buzztime's common stock as payment for subsequent periods after the initial term (the "Renewal License Fee Shares") at the election of the Investor. The Licensing Agreement, the Warrants, the NTN Investor Rights Agreement, and the Buzztime Investor Rights Agreement shall be collectively r...

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the senior convertible notes of the Company in the form attached hereto as Exhibit A (together with any senior convertible notes issued in replacement thereof in accordance with the terms thereof, the “Notes”), which Notes shall be convertible into shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”) (as converted, the “Conversion Shares”), in accordance with the terms of the Notes. The Notes and the Conversion Shares are hereinafter referred to as the “Securities.”

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has, or before the Closing (as defined below) will have, authorized the sale and issuance of up to $500,000 worth of shares of its Common Stock (the “Common Stock”), priced as set forth in Section 2.1 herein. The shares of Common Stock sold hereunder shall be referred to herein as the “Shares” or the “Securities.”

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of up to (i) 275,000 shares (the "Shares") of common stock, par value $0.001 per share (the "Common Stock"), of the Company and (ii) warrants (the "Warrants") to purchase up to 110,00 shares of common stock (the "Warrant Shares") at an initial exercise price of $5.40 per share, subject to adjustment. The Company reserves the right to increase or decrease the number of Shares or Warrant Shares sold in this private placement prior to the Closing Date. The Shares and the Warrants are hereinafter sometimes referred to together as the "Securities."

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the issuance and sale of eighteen (18) shares to the Purchaser of the Company’s Series B Convertible Preferred Stock (the “Convertible Preferred”) convertible into the Company’s common stock, par value $0.01 per share (the “Common Stock”), the terms and conditions of which are set forth in the Certificate of Designation of Series B Convertible Preferred Stock in the form attached hereto as Exhibit A and eighteen (18) Series B Warrants to purchase up to four hundred fifty thousand (450,000) shares of Common Stock (the “Warrant Shares”), with each Series B Warrant entitling the Purchaser to acquire twenty-five thousand (25,000) shares of the Company’s Common Stock, at the purchase price of one dollar and fifteen cents ($1.15) per share of Common Stock, subject to adjustment, exercisable for five (5) years, subject to the terms, conditions and adjustments, as set forth therein and evidenced by a warrant certificate in the form attached hereto as Exhibit B (the “Warrants”).

Authorization of Sale of the Securities. Subject to the terms and conditions of this Agreement, the Company has or before the Closing (as defined below) will have authorized the sale and issuance of up to 2,000,000 shares of the Company's Common Stock, $0.001 par value (the "Shares").