​Draw multiple text overlays using OnVideoFrameBuffer event

If video effect API to draw text overlay if not enough you can draw overlay manually in OnVideoFrameBuffer, using Bitmap and Graphics classes. Bitmap should be 32-bit (with alpha channel).

Version of code (simple) without update of text or font on-the-fly.

        // Image
        private Bitmap logoImage = null;

        // Image RGB32 buffer
        private IntPtr logoImageBuffer = IntPtr.Zero;
        private int logoImageBufferSize = 0;

        private string text1 = "Hello World";
        private string text2 = "Hey-hey";
        private string text3 = "Ocean of pancakes";

        private void VideoCapture1_OnVideoFrameBuffer(Object sender, VideoFrameBufferEventArgs e)
        {
            // draw text to image
            if (logoImage == null)
            {
                logoImage = new Bitmap(e.Frame.Width, e.Frame.Height, PixelFormat.Format32bppArgb);

                using (var grf = Graphics.FromImage(logoImage))
                {
                    // antialiasing mode
                    grf.TextRenderingHint = TextRenderingHint.AntiAlias;

                    // drawing mode
                    grf.InterpolationMode = InterpolationMode.HighQualityBicubic;

                    // smoothing mode
                    grf.SmoothingMode = SmoothingMode.HighQuality;

                    // text 1
                    var brush1 = new SolidBrush(Color.Blue);
                    var font1 = new Font("Arial", 30, FontStyle.Regular);
                    grf.DrawString(text1, font1, brush1, 100, 100);

                    // text 2
                    var brush2 = new SolidBrush(Color.Red);
                    var font2 = new Font("Times New Roman", 35, FontStyle.Strikeout);
                    grf.DrawString(text2, font2, brush2, e.Frame.Width / 2, e.Frame.Height / 2);

                    // text 3
                    var brush3 = new SolidBrush(Color.Green);
                    var font3 = new Font("Verdana", 40, FontStyle.Italic);
                    grf.DrawString(text3, font3, brush3, 200, 200);
                }
            }

            // create image buffer if not allocated or have zero size
            if (logoImageBuffer == IntPtr.Zero || logoImageBufferSize == 0)
            {
                if (logoImageBuffer == IntPtr.Zero)
                {
                        logoImageBufferSize = ImageHelper.GetStrideRGB32(logoImage.Width) * logoImage.Height;
                        logoImageBuffer = Marshal.AllocCoTaskMem(logoImageBufferSize);
                }
                else
                {
                        logoImageBufferSize = ImageHelper.GetStrideRGB32(logoImage.Width) * logoImage.Height;

                        Marshal.FreeCoTaskMem(logoImageBuffer);
                        logoImageBuffer = Marshal.AllocCoTaskMem(logoImageBufferSize);
                }

                ImageHelper.BitmapToIntPtr(logoImage, logoImageBuffer, logoImage.Width, logoImage.Height,
                        PixelFormat.Format32bppArgb);
            }

            // Draw image
            MFP.Draw_RGB32OnRGB24(logoImageBuffer, logoImage.Width, logoImage.Height, e.Frame.Data, e.Frame.Width, e.Frame.Height, 0, 0);

            e.UpdateData = true;
        }

Version of code with updating on-the-fly by button click.      

        // Image
        Bitmap logoImage = null;

        // Image RGB32 buffer
        IntPtr logoImageBuffer = IntPtr.Zero;
        int logoImageBufferSize = 0;

        // text settings
        string text1 = "Hello World";
        Font font1 = new Font("Arial", 30, FontStyle.Regular);
        SolidBrush brush1 = new SolidBrush(Color.Blue);

        string text2 = "Hey-hey";
        Font font2 = new Font("Times New Roman", 35, FontStyle.Strikeout);
        SolidBrush brush2 = new SolidBrush(Color.Red);

        string text3 = "Ocean of pancakes";
        Font font3 = new Font("Verdana", 40, FontStyle.Italic);
        SolidBrush brush3 = new SolidBrush(Color.Green);

        // update flag
        bool textUpdate = false;
        object textLock = new object();

        // Update text overlay, index is [1..3]
        void UpdateText(int index, string text, Font font, SolidBrush brush)
        {
            lock (textLock)
            {
                textUpdate = true;
            }

            switch (index)
            {
                case 1:
                    text1 = text;
                    font1 = font;
                    brush1 = brush;
                    break;
                case 2:
                    text2 = text;
                    font2 = font;
                    brush2 = brush;
                    break;
                case 3:
                    text3 = text;
                    font3 = font;
                    brush3 = brush;
                    break;
                default:
                    return;
            }
        }

        private void VideoCapture1_OnVideoFrameBuffer(Object sender, VideoFrameBufferEventArgs e)
        {
            lock (textLock)
            {
                if (textUpdate)
                {
                    logoImage.Dispose();
                    logoImage = null;
                }

                // draw text to image
                if (logoImage == null)
                {
                    logoImage = new Bitmap(e.Frame.Width, e.Frame.Height, PixelFormat.Format32bppArgb);

                    using (var grf = Graphics.FromImage(logoImage))
                    {
                        // antialiasing mode
                        grf.TextRenderingHint = TextRenderingHint.AntiAlias;

                        // drawing mode
                        grf.InterpolationMode = InterpolationMode.HighQualityBicubic;

                        // smoothing mode
                        grf.SmoothingMode = SmoothingMode.HighQuality;

                        // text 1
                        grf.DrawString(text1, font1, brush1, 100, 100);

                        // text 2
                        grf.DrawString(text2, font2, brush2, e.Frame.Width / 2, e.Frame.Height / 2);

                        // text 3
                        grf.DrawString(text3, font3, brush3, 200, 200);
                    }
                }

                // create image buffer if not allocated or have zero size
                if (logoImageBuffer == IntPtr.Zero || logoImageBufferSize == 0)
                {
                    if (logoImageBuffer == IntPtr.Zero)
                    {
                        logoImageBufferSize = ImageHelper.GetStrideRGB32(e.Frame.Width) * e.Frame.Height;
                        logoImageBuffer = Marshal.AllocCoTaskMem(logoImageBufferSize);
                    }
                    else
                    {
                        logoImageBufferSize = ImageHelper.GetStrideRGB32(e.Frame.Width) * e.Frame.Height;

                        Marshal.FreeCoTaskMem(logoImageBuffer);
                        logoImageBuffer = Marshal.AllocCoTaskMem(logoImageBufferSize);
                    }

                    ImageHelper.BitmapToIntPtr(logoImage, logoImageBuffer, logoImage.Width, logoImage.Height,
                        PixelFormat.Format32bppArgb);
                }

                if (textUpdate)
                {
                    textUpdate = false;
                    ImageHelper.BitmapToIntPtr(logoImage, logoImageBuffer, logoImage.Width, logoImage.Height,
                        PixelFormat.Format32bppArgb);
                }

                // Draw image
                MFP.Draw_RGB32OnRGB24(logoImageBuffer, logoImage.Width, logoImage.Height, e.Frame.Data, e.Frame.Width,
                e.Frame.Height, 0, 0);

                e.UpdateData = true;
            }
        }

        private void btUpdateText1_Click(object sender, EventArgs e)
        {
            UpdateText(1, "lalalalalalalala", new Font("Arial", 48, FontStyle.Underline),
                new SolidBrush(Color.Aquamarine));
        }