Robert Siqveland resigned from his position as Chief Operating Officer and Secretary of Table Trac, Inc., effective March 31, 2023. In connection with his resignation, the Company entered into a letter agreement with Mr. Siqveland, agreeing to provide Mr. Siqveland with the following payments and benefits: (i) a severance payment equal to 12 months of his current salary (exclusive of any bonus), payable 75% on April 15, 2023 and 25% on January 15, 2024, subject to continued compliance with Company policies; (ii) accelerated vesting of unvested stock options to purchase 20,000 shares of the Company's common stock that were awarded to Mr. Siqveland on May 14, 2021, vesting 100% as of December 15, 2022, and extension of the period during which such options remain exercisable to 12 months from March 31, 2023; and (iii) accelerated vesting of 12,500 unvested restricted stock shares that were awarded to Mr. Siqveland on March 25, 2022, vesting 100% as of December 15, 2022.