NTN Buzztime, Inc. (AMEX:NTN) announced that it has entered into asset purchase agremeent for private placement of 8% promissory notes for gross proceeds of $1,000,000 on September 13, 2020. The transaction will include participation from eGames.com Holdings LLC. The note bears fixed interest rate of 8% per annum, compounded annually. The note is unsecured and pre-paid in full. The maturity date of note is December 31, 2020. The note and any accrued interest rate will become due and payable the earlier of (i) the termination of the asset purchase agreement (ii) the closing of a business combination and (iii) December 31, 2020.