On March 1, 2019, the Company (i) issued 235,296 shares of Class A common stock with a fair value of $1.0 million, (ii) agreed to provide $1.0 million of media advertising over a three year period, and (iii) contributed $2.5 million in cash for an aggregate investment of $4.5

million in Renegades Holdings, Inc. (“Renegades”), an esports organization, in exchange for

3,750,000 shares or approximately 43%

of the outstanding shares of Renegades. The Company is considered to have the ability to exercise significant influence over the operating and financial policies of Renegades. Therefore, the investment will be accounted for using the equity method. The Company will recognize its share of the earnings or losses of Renegades in the periods for which they are reported by Renegades. Any loss in value of the investment that is other than a temporary decline will be recognized. The Company will acquire an additional

416,666 shares in the third quarter of 2019, an additional 416,666 shares in the fourth quarter of 2019, and an additional 416,668 shares in the first quarter of 2020 for an aggregate of $1.5 million in cash.