Notes

Concord Advisers USA Ltd., Newport Beach, has entered into a joint-venture agreement with NTN Communications, Carlsbad, under which Concord will provide up to $20 million of new financing to market NTN products and services through a California limited partnership, NTN Marketing. The $20 million will be in a combination of cash and guarantees of equipment financing and operational credit lines. The agreement is contingent upon approval of NTN’s stockholders and certain of NTN’s debt holders. NTN’s network broadcasts a mixture of sports and entertainment programming, news services and paid advertising to subscriber locations, primarily restaurants, hotels and other public places in the United States and Canada. Concord is owned by Concord Financial Advisers Ltd., whose home office is in London.