Document:

Unassociated Document

    Exhibit
      10.3

    
       

      THE
        SECURITIES REPRESENTED BY THIS AGREEMENT AND ISSUABLE UPON THE EXERCISE OF
        THE
        OPTION EVIDENCED HEREBY (COLLECTIVELY, THE “SECURITIES”) HAVE NOT BEEN
        REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE
        STATE SECURITIES LAWS AND THE SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED
        OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION
        FROM REGISTRATION UNDER SUCH ACT AND THE RULES AND REGULATIONS THEREUNDER
        AND AN
        OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS
        NOT
        REQUIRED AND IN THE ABSENCE OF REGISTRATION OR AN EXEMPTION FROM REGISTRATION
        UNDER ANY APPLICABLE STATE SECURITIES LAWS WITH AN OPINION OF COUNSEL
        SATISFACTORY TO THE COMPANY REGARDING COMPLIANCE WITH AND THE AVAILABILITY
        OF
        ANY SUCH STATE SECURITIES LAWS.

       

       

      INVESTMENT
        OPTION AGREEMENT

       

       

      This
        INVESTMENT OPTION AGREEMENT, dated as of August 31, 2006, by and between
        SOLIDUS
        NETWORKS, INC., a Delaware corporation (the “Optionee”)
        and
        WINWIN GAMING, INC., a Delaware corporation (the “Company”).
        Capitalized terms used, but not otherwise defined, herein have the meanings
        ascribed to those terms in the JV Agreement (as defined below).

       

       

      BACKGROUND

       

       

      The
        Optionee and the Company are parties to a Second Amended and Restated Joint
        Venture Agreement, dated August 31, 2006 (the “JV
        Agreement”).
        It is
        a condition precedent of the Initial Closing that the Company grant to the
        Optionee this option to acquire an additional number of shares of the Company’s
        Series A-1 Preferred Stock, prior to the Filing Date (as defined below),
        or
        Series A Preferred Stock, from and after the Filing Date, such that upon
        exercise of this option, the Optionee will be the beneficial owner of a
        percentage of the Company’s outstanding common stock on a Fully Diluted Basis
        (as defined below) indicated by the Optionee on the Option Notice (as defined
        below) after giving effect to the exercise of this Option (the “Election
        Percentage”),
        which
        Election Percentage may not be greater than eighty percent (80%). 

       

       

      The
        Company is issuing shares of its Series A-1 Preferred Stock to the Optionee
        at
        the Initial Closing and is seeking stockholder approval of the adoption and
        filing of the Restated Charter under which, among other things, its Series
        A
        Preferred Stock will be authorized, each outstanding share of Series A-1
        Preferred Stock will be automatically converted into one tenth of a share
        of
        Series A Preferred Stock and additional shares of common stock will be
        authorized such that there will be sufficient authorized common stock for
        issuance upon the conversion of the Series A Preferred Stock. The date of
        the
        filing of the Restated Charter is referred to herein as the “Filing
        Date”.

       

       

      NOW,
        THEREFORE, in consideration of the premises, mutual covenants herein set
        forth
        and other good and valuable consideration, subject to the terms and conditions
        herein, the Company and the Optionee hereby agree as follows:

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      1.  Grant
        of Option; Term; Exercise Price.
        

       

      (a)  Subject
        to the terms and conditions herein, the Company hereby grants to the Optionee
        an
        option (the “Option”),
        prior
        to the Filing Date, to acquire a number of shares of the Company’s Series A-1
        Preferred Stock, and from and after the Filing Date, to purchase a number
        of
        shares of the Company’s Series A Preferred Stock (such shares of Series A-1
        Preferred Stock or Series A Preferred Stock, as applicable, being referred
        to
        herein as the “Option
        Shares”)
        that,
        together with other securities of the Company held by the Optionee at the
        time
        of exercise, constitute a percentage of the common stock of the Company on
        a
        Fully Diluted Basis after giving effect to the exercise of the Option equal
        to
        the Election Percentage. For purposes of this Agreement, “Fully
        Diluted Basis”
means
        the number of shares of the Company’s Common Stock outstanding assuming, for
        such purpose, the exercise, exchange, or conversion into Common Stock of
        the
        Company of all options, warrants and other securities of the Company that
        are
        exercisable or exchangeable for, or convertible into, Common Stock at the
        time
        of the exercise of the Option.

       

      (b)  The
        Option is exercisable by Optionee’s delivery to the Company of an Exercise
        Notice at any time from the date of this Investment Option Agreement until
        Midnight Pacific Time on the date that is third anniversary of the date of
        this
        Investment Option Agreement (the “Exercise
        Period”);
        provided, however, that the Option shall automatically terminate upon the
        closing of the sale of all or substantially all of the assets of the Optionee,
        or upon the closing of a merger, consolidation or similar transaction in
        which
        the stockholders of the Optionee as of immediately prior to the transaction
        do
        not own a majority of the voting power of the surviving company as of
        immediately following such transaction. 

       

      (c)  The
        exercise price per Option Share (the “Exercise
        Price”)
        shall
        be equal to the fair market value of a share of the Company’s Series A-1
        Preferred Stock or Series A Preferred Stock, as applicable, as of the date
        of
        exercise as determined by an Appraisal (as defined below). Whenever this
        Option
        calls for an “Appraisal,”
the
        fair market value of the Option Shares will be determined on the basis of
        the
        value of the percentage of the entire Company represented by the Option Shares
        at the time of determination in accordance with the following mechanism.
        A
        representative of the Optionee and a representative of the Company shall
        attempt
        to negotiate a mutually agreeable fair market value within thirty (30) days
        of
        the date that the Company receives an Exercise Notice from the Optionee.
        If the
        representatives are unable to reach an agreement within such time period,
        each
        of the Optionee and the Company will at its own cost appoint a nationally
        recognized investment banking firm as an appraiser of the value of the Option
        Shares. Each of the investment banking firms shall separately determine,
        within
        forty-five (45) days of the end of such thirty (30) day period, the fair
        market
        value of the shares taking into account the fact that the exercise of the
        Option
        may involve the acquisition of a controlling interest in the Company by the
        Optionee to the extent that the Optionee does not already own a controlling
        interest in the Company. Each of the investment banking firms shall express
        its
        valuation as a single number in US dollars. The mid-point of the valuations
        (the
“Mid-Point”)
        will
        then be calculated by dividing the sum of the separate valuations by two
        (2). To
        the extent that each valuation is within the range which is 10% above or
        10%
        below the Mid-Point (the “Range”),
        the
        Mid-Point shall be used. If either or both of the valuations falls outside
        of
        the Range, then the parties shall jointly choose (or if the parties are unable
        to so jointly choose within three (3) business days, the two appraisers shall
        choose) a disinterested nationally recognized investment banking firm as
        a third
        appraiser, at a cost to be shared on an equal basis between the parties,
        to
        complete an appraisal within an additional forty-five (45) days, which appraisal
        shall be equal to or somewhere between the two prior appraisals and such
        third
        appraisal shall be the final and binding determination of the fair market
        value.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      (d)  The
        Exercise Price shall be payable in cash; provided, however, that if at the
        time
        the Option is exercised there is a public trading market for the Optionee’s
        common stock, then, at the option of the Optionee, the Optionee may pay the
        Exercise Price in cash or registered (“free-trading”)
        shares
        of the Optionee’s common stock, or a combination thereof. If the Optionee elects
        to pay the Exercise Price, in whole or in part, by delivery of registered
        shares
        of the Optionee’s common stock, then such shares shall be valued at the average
        closing price of the Optionee’s common stock over a period of twenty (20)
        trading days prior to the exercise of the Option.

       

      (e)  this
        Investment Option Agreement shall terminate and cease to be effective on
        the
        date on which the JV Agreement is validly terminated in accordance with Section
        13 thereof.

       

      2.  Exercise
        Procedure.

       

      (a)  Procedure.

       

      (i)  The
        Optionee may exercise the Option, in whole, but not in part, at any time
        during
        the Exercise Period, by delivering to the Company a written notice duly signed
        by the Optionee indicating that the Optionee is exercising the Option and
        the
        Election Percentage (the “Exercise
        Notice’).
        The
        Option shall not be deemed exercised, however, until full payment in an amount
        equal to the full purchase price for the Option Shares has been made. Optionee
        may withdraw the Exercise Notice and elect not to exercise the Option at
        any
        time before making full payment.

       

      (ii)  Following
        receipt by the Company of such Exercise Notice and full payment of the Exercise
        Price, the Company shall issue, as soon as practicable, a stock certificate
        for
        the Option Shares in the name as designated by the Optionee and deliver the
        certificate to the Optionee.

       

      (b)  Other
        Terms.
        Other
        than the terms regarding pricing and consideration set forth in Section 1
        of
        this Investment Option Agreement, the issuance and sale of the Option Shares
        shall be subject to the same conditions of and on the same terms as the issuance
        and sale of the Second Closing WinWin Shares in the Second Closing.

       

      (c)  Legend.
        If the
        Option Shares are not then covered by a registration statement, each certificate
        for the Option Shares shall bear a legend that is substantially similar to
        the
        following:

       

      “THESE
        SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED. SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED
        UNLESS THE REGISTRATION PROVISIONS OF SAID ACT HAVE BEEN COMPLIED WITH OR
        UNLESS
        THE COMPANY HAS RECEIVED AN OPINION OF ITS COUNSEL THAT SUCH REGISTRATION
        IS NOT
        REQUIRED.”

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      3.  Rights
        of Optionee.
        The
        Optionee shall not have any rights to dividends or any other rights of a
        stockholder with respect to any Option Shares until such Option Shares shall
        have been issued to Optionee (as evidenced by the appropriate entry on the
        transfer books of the Company). 

       

      4.  Notices.
        Any
        notices and other communications required or permitted under this Agreement
        shall be in writing and shall be delivered (i) personally by hand or by courier,
        (ii) mailed by United States first-class mail, postage prepaid or (iii) sent
        by
        facsimile, to a Party's address or facsimile number as follows:

       

      if
        to
        WinWin: WinWin
        Gaming, Inc.

       

      8687
        West
        Sahara, Suite 201

      Las
        Vegas, NV 89117

      Tel:
        (702) 212-4530

      Fax:
        (702) 212-4553

      Attention:
        Patrick Rogers

      

      with
        a
        copy to:

      Thelen
        Reid & Priest LLP

      701
        Eighth Street, N.W.

      Washington,
        D.C.  20001

      Tel:
        202.508.4281

      Fax:
        202.654.1804

      Attention:
        Louis
        A.
        Bevilacqua

      

      if
        to
        PBT: Solidus
        Networks, Inc.

       

      101
        Second Street, Suite 1100

      San
        Francisco, California 94105

      Tel:
        (415) 281-2200

      Fax:
        (415) 281-2202

      Attention:
        Gus Spanos

      

      with
        a
        copy to:

      Cooley
        Godward
        llp

      101
        California Street, 5th
        Floor

      San
        Francisco, CA 94111-5800

      Tel:
        (415) 693-2000

      Fax:
        (415) 693-2222

      Attention:
        Kenneth L. Guernsey

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      or
        at
        such other address or facsimile number as a Party may designate by giving
        at
        least ten days' advance written notice to the other Party. All such notices
        and
        other communications shall be deemed given upon (I) receipt or refusal of
        receipt, if delivered personally, (II) three days after being placed in the
        mail, if mailed, or (III) confirmation of facsimile transfer, if
        faxed.

       

      5.  Binding;
        Assignment.
        Optionee shall not assign this Agreement, or any rights hereunder, without
        the
        Company's prior written consent. This Agreement shall be binding upon and
        inure
        to the benefit of the parties hereto, and their successors and permitted
        assigns, if any.

       

      6.  Dispute
        Resolution.
        Any
        unresolved controversy or claim arising out of or relating to this Agreement,
        except as (i) otherwise provided in this Agreement, or (ii) any such
        controversies or claims arising out of either party’s intellectual property
        rights for which a provisional remedy or equitable relief is sought, shall
        be
        submitted to arbitration by one arbitrator mutually agreed upon by the parties,
        and if no agreement can be reached within 30 days after names of potential
        arbitrators have been proposed by the American Arbitration Association (the
        “AAA”),
        then
        by one arbitrator having reasonable experience in corporate finance transactions
        of the type provided for in this Agreement and who is chosen by the AAA.
        The
        arbitration shall take place in San Francisco, California, in accordance
        with
        the AAA rules then in effect, and judgment upon any award rendered in such
        arbitration will be binding and may be entered in any court having jurisdiction
        thereof. There shall be limited discovery prior to the arbitration hearing
        as
        follows: (a) exchange of witness lists and copies of documentary evidence
        and
        documents relating to or arising out of the issues to be arbitrated, (b)
        depositions of all party witnesses and (c) such other depositions as may
        be
        allowed by the arbitrators upon a showing of good cause. Depositions shall
        be
        conducted in accordance with the California Code of Civil Procedure, the
        arbitrator shall be required to provide in writing to the parties the basis
        for
        the award or order of such arbitrator, and a court reporter shall record
        all
        hearings, with such record constituting the official transcript of such
        proceedings. The prevailing party shall be entitled to reasonable attorney’s
        fees, costs, and necessary disbursements in addition to any other relief
        to
        which such party may be entitled. 

       

      7.  Entire
        Agreement.
        This
        Agreement constitutes the entire agreement between the parties hereto with
        respect to the matters herein, and cannot be amended, modified or terminated
        except by an agreement in writing executed by the parties hereto.

       

      8.  Governing
        Law.
        This
        Agreement shall be construed in accordance with and governed by the laws
        of the
        State of Delaware without regard to the conflicts of law principles
        thereof.

       

      [Signature
        page follows]

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have executed this Investment Option
        Agreement as of the date first set forth above.

       

      

      
        	 	
                Solidus
                  Networks, Inc.

                 

                By:_______________________

                Name:

                Title:

              
	 	
                 

                WinWin
                  Gaming, Inc.

                 

                By:
                  /s/
                  Patrick O.
                  Rogers                 
                  

                Name:
                  Patrick O. Rogers

                Title:
                  President/CEO

              
	 	 

      

      
 

        [Signature
          page to Investment Option Agreement]

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the parties hereto have executed this Investment Option
        Agreement as of the date first set forth above.

       

      

      
        	 	
                Solidus
                  Networks, Inc.

                 

                By:
                  /s/
                  Steve
                  Zelinger                   
                  

                Name:
                  Steve Zelinger

                Title:
                  EVP & GC

              
	 	
                 

                WinWin
                  Gaming, Inc.

                 

                By:______________________

                Name:
                  

                Title:

              
	 	 

      

      

      [Signature
        page to Investment Option
        Agreement]

      
        
          
          

        

        
          7Unassociated Document

    Exhibit
      10.4

     

    

      AMENDED
        AND RESTATED VOTING AGREEMENT, IRREVOCABLE PROXY

       

      AND
        FORM OF STOCKHOLDERS’ WRITTEN CONSENT

       

      This
        Amended and Restated Voting Agreement, Irrevocable Proxy and Form of
        Stockholders’ Written Consent,
        dated
        as of August 31, 2006 (this “Agreement”),
        is by
        and among Solidus
        Networks, Inc.,
        a
        Delaware corporation (“Solidus”),
        WinWin
        Gaming, Inc.,
        a
        Delaware corporation (“WinWin”),
        and
        the Stockholder listed on the signature page hereto (the “Stockholder”).
        Capitalized terms used herein, except as otherwise defined herein, shall
        have
        the meanings assigned to them in the Joint Venture Agreement (defined
        below).

       

      Recitals

       

      A. As
        of the
        date hereof, the Stockholder owns of record the number of shares of common
        stock
        (“Common
        Stock”)
        of
        WinWin set forth opposite the Stockholder’s name on Annex I hereto (such Common
        Stock, together with any and all shares of WinWin capital stock acquired
        by the
        Stockholder during the term of this Agreement, being referred to herein as
        the
“Shares”);
        

       

      B. Solidus
        and WinWin have entered into an Amended and Restated Joint Venture Agreement,
        dated April 14, 2006 (the “Prior
        Joint Venture Agreement”),
        that
        provides, among other things, for the adoption and filing of an amendment
        and
        restatement of WinWin’s certificate of incorporation, as amended (the
“Prior
        Restated Charter”);
        

       

      C. In
        connection with the execution and delivery of the Prior Joint Venture Agreement,
        each Stockholder, Solidus and WinWin have entered into a Voting Agreement,
        dated
        as of April 14, 2006 (the “Original
        Voting Agreement”),
        pursuant to which, among other things, the parties made certain agreements
        with
        respect to the adoption of the Prior Restated Charter;

       

      D. Concurrently
        herewith, Solidus and WinWin are entering into a Second Amended and Restated
        Joint Venture Agreement, dated as of the date hereof (the “Joint
        Venture Agreement”),
        that
        provides, among other things, for the adoption and filing of an amendment
        and
        restatement of WinWin’s certificate of incorporation, as amended, in
        substantially the form attached as Annex III hereto, that differs from the
        Prior
        Restated Charter in significant respects (the “Restated
        Charter”);
        

       

      E. As
        a
        condition to the willingness of Solidus to enter into the Joint Venture
        Agreement, WinWin has requested that the Stockholder enter into this Agreement,
        and, in order to induce Solidus to enter into the Joint Venture Agreement,
        the
        Stockholder has agreed to enter into this Agreement, amending and restating
        the
        Original Voting Agreement.

       

      Now,
        Therefore,
        in
        consideration of the premises and of the mutual agreements and covenants
        set
        forth herein, and intending to be legally bound hereby, the parties hereto
        agree
        as follows:

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      Agreement

       

      1.  Transfer
        and Voting of Shares

       

      (a)  Transfer
        of Shares.
        The
        Stockholder shall not, directly or indirectly, (i) sell, convey, transfer,
        pledge or otherwise encumber or dispose of any or all of the Stockholder’s
        Shares or any interest therein, (ii) deposit any Shares into a voting trust
        or
        enter into a voting agreement or arrangement with respect to any Shares or
        grant
        any proxy with respect thereto (other than as contemplated hereunder) or
        (iii)
        enter into any contract, option or other arrangement or undertaking (other
        than
        as contemplated hereunder) with respect to the direct or indirect acquisition
        or
        sale, assignment, transfer or other disposition of any Shares. 

       

      (b)  Vote
        in Favor of Restated Charter.
        The
        Stockholder, solely in Stockholder’s capacity as a stockholder of WinWin, agrees
        to vote (or cause to be voted) all Shares at any meeting of the Stockholders
        of
        WinWin or any adjournment thereof, and in any action proposed to be taken
        by
        written consent of the Stockholders of WinWin, (i) in favor of the adoption
        of
        the Restated Charter in the form attached hereto, (ii) against any merger,
        consolidation, sale of assets, recapitalization or other business combination
        involving WinWin (other than as contemplated in the Joint Venture Agreement
        or
        Restated Charter) or any other action or agreement that could reasonably
        be
        expected to result in a material breach of any covenant, representation or
        warranty or any other obligation or agreement of WinWin under the Joint Venture
        Agreement or that could reasonably be expected to result in any of the
        conditions to Solidus’ obligations under the Joint Venture Agreement not being
        fulfilled, (iii) against any revocation of the consent attached hereto as
        Annex
        II and (iv) in favor of any other matter intended to facilitate the consummation
        of the transactions contemplated by the Joint Venture Agreement.

       

      (c)  Grant
        of Proxy; Execution of Consent; Further Assurances. 

       

      (i)  The
        Stockholder, by this Agreement, with respect to the Shares, does hereby
        irrevocably constitute and appoint Solidus, or any nominee of Solidus, with
        full
        power of substitution, as the Stockholder’s true and lawful attorney and proxy,
        for and in the Stockholder’s name, place and stead, to vote, at any time prior
        to the Expiration Date (as defined below), the Shares as the Stockholder’s
        proxy, both at every annual, special or adjourned meeting of the stockholders
        of
        WinWin and including the right to sign the Stockholder’s name (as Stockholder)
        to any written consent, certificate or other document relating to the Shares
        that may be permitted or required by applicable law (A) in favor of the
        adoption of the Restated Charter in the form attached hereto, (B) against
        any merger, consolidation, sale of assets, recapitalization or other business
        combination involving WinWin (other than as contemplated in the Joint Venture
        Agreement or Restated Charter) or any other action or agreement that could
        reasonably be expected to result in a material breach of any covenant,
        representation or warranty or any other obligation or agreement of WinWin
        under
        the Joint Venture Agreement or that could reasonably be expected to result
        in
        any of the conditions to Solidus’ obligations under the Joint Venture Agreement
        not being fulfilled, (C) against any revocation of the consent attached
        hereto as Annex II and (D) in favor of any other matter intended to
        facilitate the consummation of the transactions contemplated by the Joint
        Venture Agreement. This proxy is coupled with an interest and is irrevocable.
        As
        used herein, the term “Expiration
        Date”
shall
        mean the earlier to occur of (I) such date as the Joint Venture Agreement
        shall have been validly terminated in accordance with Section 13 thereof
        or
        (II) such date and time as the Second Closing (as defined in the Joint
        Venture Agreement) shall have occurred.

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      (ii)  As
        contemplated by this Agreement and the Joint Venture Agreement, the Stockholder
        has irrevocably executed the written consent attached hereto as Annex II,
        pursuant to which the Stockholder has approved the adoption and filing of
        the
        Restated Charter. 

       

      (iii)  The
        Stockholder shall perform such further acts and execute such further documents
        and instruments as may reasonably be required to vest in Solidus the power
        to
        carry out the provisions of this Agreement. 

       

      (d)  Termination.
        This
        Agreement and the proxy granted hereunder shall terminate and cease to be
        effective upon the Expiration Date. This proxy revokes all prior proxies
        granted
        by the Stockholder and is irrevocable, until such time as this Agreement
        terminates pursuant to this Section 1(d). 

       

      2.  Representation
        and Warranties; Covenants of the Stockholder. The
        Stockholder hereby represents and warrants and covenants to Solidus as
        follows:

       

      (a)  Organization;
        Authorization.
        The
        Stockholder has all requisite capacity and authority to execute and deliver
        this
        Agreement, to perform his, her or its obligations hereunder and to consummate
        the transactions contemplated hereby. This Agreement, including the consent
        attached hereto as Annex II, has been duly executed and delivered by or on
        behalf of the Stockholder and, assuming the due authorization, execution
        and
        delivery of this Agreement by Solidus, constitutes a legal, valid and binding
        obligation of the Stockholder, enforceable against the Stockholder in accordance
        with its terms, subject to bankruptcy, insolvency, fraudulent transfer,
        reorganization, moratorium and similar laws of general applicability relating
        to
        or affecting creditors’ rights and to general equity principles.

       

      (b)  No
        Conflict; Required Filings and Consents.

       

      (i)  The
        execution and delivery of this Agreement by the Stockholder does not, and
        the
        performance of this Agreement by the Stockholder and the consummation of
        the
        transactions contemplated hereby will not, (A) conflict with or violate any
        law,
        rule, regulation, order, judgment or decree applicable to the Stockholder
        or by
        which the Stockholder or any of the Stockholder’s assets or properties is bound
        or affected or (B) result in any breach of or constitute a default (or an
        event
        that with notice or lapse of time or both would become a default) under,
        or give
        to another party any right of termination, amendment, acceleration or
        cancellation of, or result in the creation of any lien or encumbrance on
        any of
        the property or assets of the Stockholder, including, without limitation,
        the
        Shares, pursuant to any note, bond, mortgage, indenture, contract, agreement,
        lease, license, permit, franchise or other instrument or obligation to which
        the
        Stockholder is a party or by which the Stockholder or any of the Stockholder’s
        assets or properties is bound or affected. There is no beneficiary or holder
        of
        a voting trust certificate or other interest of any trust of which the
        Stockholder is a trustee or any party to a voting agreement whose consent
        is
        required for the execution and delivery of this Agreement or the consummation
        by
        the Stockholder of the transactions contemplated by this Agreement.

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      (ii)  The
        execution and delivery of this Agreement by the Stockholder does not, and
        the
        performance of the Agreement by the Stockholder will not, require any consent,
        approval, authorization or permit of, or filing with or notification to,
        any
        governmental or regulatory authority, domestic or foreign, except where the
        failure to obtain such consents, approvals authorizations or permits, or
        to make
        such filings or notifications, could not prevent, delay or impair the
        Stockholder’s ability to consummate the transactions contemplated by this
        Agreement. The Stockholder does not have any understanding in effect with
        respect to the voting or transfer of any Shares. The Stockholder is not required
        to make any filing with or notify any governmental or regulatory authority in
        connection with this Agreement, the Joint Venture Agreement or the transactions
        contemplated hereby or thereby.

       

      (c)  Litigation.
        There is
        no private or governmental action, suit, proceeding, claim, arbitration or
        investigation pending before any agency, court or tribunal, foreign or domestic,
        or, to the knowledge of the Stockholder or any of the Stockholder’s affiliates,
        threatened against the Stockholder or any of the Stockholder’s affiliates or any
        of their respective properties or any of their respective officers or directors,
        in the case of a corporate entity (in their capacities as such) that,
        individually or in the aggregate, would reasonably be expected to prevent,
        delay
        or impair the Stockholder’s ability to consummate the transactions contemplated
        by this Agreement. There is no judgment, decree or order against the Stockholder
        or any of the Stockholder’s affiliates, or, to the knowledge of the Stockholder,
        any of their respective directors or officers, in the case of a corporate
        entity
        (in their capacities as such), or any of their respective partners (in the
        case
        of a partnership), that could reasonably be expected to prevent, enjoin,
        alter
        or delay any of the transactions contemplated by this Agreement, or that
        could
        reasonably be expected to have a material adverse affect on the Stockholder’s
        ability to consummate the transactions contemplated by this
        Agreement.

       

      (d)  Title
        to Shares.
        Annex I
        hereto correctly sets forth, as of the date of this Agreement, the number
        of
        Shares owned beneficially and of record by the Stockholder, divided between
        those Shares owned both of record and beneficially and those Shares for which
        the Stockholder solely has voting power or the power to direct the voting
        thereof. The Shares constitute the Stockholder’s entire interest in the
        outstanding capital stock of WinWin. The Stockholder has good title to all
        of
        the Shares indicated as owned by the Stockholder in the capacity set forth
        on
        Annex I as of the date hereof, and all such Shares are so owned free and
        clear
        of any liens, security interests, charges or other encumbrances or restrictions
        of any kind, except for the cap on sales, loans, disposition, pledges or
        transfers referenced in Section 4(g) of that certain Securities Purchase
        Agreement, dated as of February 25, 2005, among WinWin and the other parties
        thereto, in the form as filed with the Securities and Exchange Commission
        as
        Exhibit 10.1 to WinWin's Current Report on Form 8-K dated February 25, 2005
        and
        as in effect as of the date of this Agreement. 

       

      (e)  Public
        Announcements.
        The
        Stockholder shall not issue any press release or otherwise make any public
        statement with respect to this Agreement, the Joint Venture Agreement or
        the
        Restated Charter without the prior written consent of Solidus.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

       

      3.  General
        Provisions

       

      (a)  Company
        Stop Transfer Agreement.
        WinWin
        hereby acknowledges the restrictions on transfer of Shares contained in Section
        1(a) hereof. WinWin agrees not to register the transfer (book-entry or
        otherwise) of any certificate or uncertificated interest representing any
        Shares, unless such transfer is made pursuant to and in compliance with this
        Agreement. WinWin further agrees to instruct its transfer agent, if any,
        not to
        transfer any certificate or uncertificated interest representing any Shares
        until (i) the transfer agent has received Solidus’ consent to such a transfer or
        (ii) this Agreement has been terminated pursuant to Section 1(d) hereof.
        

       

      (b)  Further
        Instruments and Actions.
        The
        Stockholder and WinWin agree to execute such further instruments and to take
        such further action as may reasonably be necessary or desirable to carry
        out the
        intent of this Agreement. The Stockholder and WinWin agree to cooperate
        affirmatively with Solidus, to the extent reasonably requested by Solidus,
        to
        enforce the rights and obligations of the parties under this
        Agreement.

       

      (c)  Notices.
        Any
        notice, request, instruction or other document to be given hereunder by any
        party to the others shall be in writing and delivered personally or sent
        by
        express mail or equivalent over-night courier service, prepaid, or by
        facsimile:

       

      if
        to
        WinWin:

       

      WinWin
        Gaming, Inc.

      8687
        West
        Sahara, Suite 201

      Las
        Vegas, NV 89117

      Tel:
        (702) 212-4530

      Fax:
        (702) 212-4553

      Attention:
        Patrick Rogers

       

      with
        a
        copy to:

       

      Thelen
        Reid & Priest LLP

      701
        Eighth Street, N.W.

      Washington,
        D.C. 20001

      Tel:
        202.508.4281

      Fax:
        202.654.1804

      Attention:
        Louis A. Bevilacqua

       

      if
        to
        Solidus:

       

      Solidus
        Networks, Inc.

      101
        Second Street, Suite 1100

      San
        Francisco, California 94105

      Tel:
        (415) 281-2200

      Fax:
        (415) 281-2202

      Attention:
        Gus Spanos

       

      with
        a
        copy to:

       

      Cooley
        Godward llp

      101
        California Street, 5th Floor

      San
        Francisco, CA 94111

      Tel:
        (415) 693-2000

      Fax:
        (415) 693-2222

      Attention:
        Kenneth L. Guernsey

       

      if
        to a
        Stockholder:

       

      To
        the
        address of Stockholder on file with WinWin

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

       

      or
        at
        such other address or facsimile number as a Party may designate by giving
        at
        least ten days’ advance written notice to the other Party. All such notices and
        other communications shall be deemed given upon (I) receipt or refusal of
        receipt, if delivered personally, (II) three days after being placed in the
        mail, if mailed, or (III) confirmation of facsimile transfer, if
        faxed.

       

      (d)  Headings.
        The
        underlined headings contained in the Agreement are for convenience of reference
        only, shall not be deemed to be a part of the Agreement and shall not be
        referred to in connection with the construction or interpretation of the
        Agreement.

       

      (e)  Confidentiality.
        The
        parties agree that the terms and conditions of this Agreement shall remain
        confidential and shall not be disclosed to any third parties, except as may
        be
        required to enforce the parties’ rights and obligations hereunder.

       

      (f)  Severability.
        The
        provisions of this Agreement shall be deemed severable and the invalidity
        or
        unenforceability of any provision shall not affect the validity or
        enforceability of the other provisions hereof. If any provision of this
        Agreement, or the application thereof to any Person or any circumstance,
        is
        invalid or unenforceable, (i) a suitable and equitable provision shall be
        substituted therefor in order to carry out, so far as may be valid and
        enforceable, the intent and purpose of such invalid or unenforceable provision
        and (ii) the remainder of this Agreement and the application of such provision
        to other Persons or circumstances shall not be affected by such invalidity
        or
        unenforceability, nor shall such invalidity or unenforceability affect the
        validity or enforceability of such provision, or the application thereof,
        in any
        other jurisdiction. Subject to the preceding sentence, this Agreement shall
        be
        binding upon and shall inure to the benefit of the parties hereto and their
        respective successors and assigns.

       

      (g)  Entire
        Agreement.
        This
        Agreement constitutes the entire agreement, and supersedes all other prior
        agreements, understandings, representations and warranties, both written
        and
        oral, among the parties with respect to the subject matter hereof. From and
        after the date hereof, the Original Voting Agreement shall be amended and
        restated in its entirety hereby.

       

      (h)  Amendments.
        Subject
        to the provisions of applicable law, at any time prior to the Effective Time,
        the parties hereto may modify or amend this Agreement, by a written agreement
        specifically referring to this Agreement executed and delivered by the
        Stockholder and Solidus.

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      (i)  Assignment.
        This
        Agreement shall not be assignable by operation of law or otherwise; provided,
        however,
        that
        Solidus may assign this Agreement to any direct or indirect wholly owned
        subsidiary of Solidus, provided that no such assignment shall relieve Solidus
        of
        its obligations hereunder.

       

      (j)  Fees
        and Expenses.
        Except
        as otherwise provided herein or in the Joint Venture Agreement, all costs
        and
        expenses (including, without limitation, all fees and disbursements of counsel,
        accountants, investment bankers, experts and consultants to a party) incurred
        in
        connection with this Agreement and the transactions contemplated hereby shall
        be
        paid by the party incurring such costs and expenses.

       

      (k)  Remedies
        Cumulative; Specific Performance.
        The
        rights and remedies of the parties hereto shall be cumulative (and not
        alternative). The parties to the Agreement agree that, in the event of any
        breach or threatened breach by any party to the Agreement of any covenant,
        obligation or other provision set forth in the Agreement for the benefit
        of any
        other party to the Agreement, such other party shall be entitled (in addition
        to
        any other remedy that may be available to it) to (i) a decree or order of
        specific performance or mandamus to enforce the observance and performance
        of
        such covenant, obligation or other provision and (ii) an injunction restraining
        such breach or threatened breach. 

       

      (l)  Applicable
        Law; Jurisdiction.
        The
        Agreement shall be construed in accordance with, and governed in all respects
        by, the internal laws of the State of Delaware (without giving effect to
        principles of conflicts of laws). In any action between the parties arising
        out
        of or relating to this Agreement or any of the transactions contemplated
        by this
        Agreement, (i) each of the parties irrevocably and unconditionally consents
        and
        submits to the exclusive jurisdiction and venue of the state and federal
        courts
        located in the State of California and (ii) each of the parties irrevocably
        consents to service of process by first class certified mail, return receipt
        requested, postage prepaid, to the address at which such party is to receive
        notice in accordance with Section 3(c).

       

      (m)  No
        Third Party Beneficiaries.
        None of
        the provisions of the Agreement is intended to provide any rights or remedies
        to
        any Person other than the parties hereto and their respective successors
        and
        assigns (if any).

       

      (n)  No
        Waiver.

       

      (i)  No
        failure on the part of any Person to exercise any power, right, privilege
        or
        remedy under the Agreement, and no delay on the part of any Person in exercising
        any power, right, privilege or remedy under the Agreement, shall operate
        as a
        waiver of such power, right, privilege or remedy; and no single or partial
        exercise of any such power, right, privilege or remedy shall preclude any
        other
        or further exercise thereof or of any other power, right, privilege or
        remedy.

       

      (ii)  No
        Person
        shall be deemed to have waived any claim arising out of the Agreement, or
        any
        power, right, privilege or remedy under the Agreement, unless the waiver
        of such
        claim, power, right, privilege or remedy is expressly set forth in a written
        instrument duly executed and delivered on behalf of such Person; and any
        such
        waiver shall not be applicable or have any effect except in the specific
        instance in which it is given.

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      (o)  Counterparts.
        The
        Agreement may be executed in several counterparts, each of which shall
        constitute an original and all of which, when taken together, shall constitute
        one agreement.

       

      [Signature
        page follows]

       

      

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      Each
        of
        Solidus, WinWin and Stockholder has executed or has caused this Agreement
        to be
        executed by their respective officers thereunto duly authorized as of the
        date
        first written above.

       

      Solidus
        Networks, Inc.

       

      By:
        ________________________

      Name:

      Title:

      

      

      WinWin
        Gaming, Inc.

       

      By:
        ________________________

      Name:

      Title:

       

      ________________________

      Stockholder

       

      ________________________

      Signature
        of Stockholder

       

      ________________________

      Printed
        Name of Stockholder

       

                                       ________________________

      Name
        of
        Person Signing for the Stockholder (If signing in a representative capacity
        for
        a corporation, trust, partnership and other entity)

       

      _________________________

      Title
        of
        Person Signing for the Stockholder (If signing in a representative capacity
        for
        a corporation, trust, partnership and other entity) 

       

      [Signature
        page to Amended and Restated Voting Agreement, Irrevocable
        Proxy

      and
        Form of Stockholders’ Written Consent]

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      ANNEX
        I

       

      Total
        number of shares owned of record by _____________________ [insert name of
        Stockholder] as of the date of this Agreement, all of which are shares of
        common
        stock: _____________.

       

      

       

       

       

      

       

      
        
          
          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

      ANNEX
        II

       

      WRITTEN
        CONSENT IN LIEU OF SPECIAL

       

      MEETING
        OF THE STOCKHOLDERS OF

       

      WINWIN
        GAMING, INC.

       

      The
        undersigned, being the record holder of the shares of capital stock of WinWin
        Gaming, Inc., a Delaware corporation (the “Company”),
        set
        below the undersigned’s signature, acting by written consent in lieu of a
        meeting pursuant to the provisions of Section 228 of the General Corporation
        Law
        of the State of Delaware and the bylaws of the Company, hereby waives all
        notice
        of time, place and purpose of meeting and adopts and consents to the adoption
        of
        the following actions with the same effect as if taken by a vote of the
        stockholders of the Company at a duly called meeting of the
        stockholders:

       

      Adoption
        of Restated Charter

       

      Whereas,
        the
        Board of Directors of the Company has approved and adopted an amendment and
        restatement of the Company’s currently effective Certificate of Incorporation,
        as amended to date (the “Current
        Certificate”),
        in
        order (i) to designate a series of preferred stock as "Series A Preferred
        Stock," (ii) to authorize an aggregate of 60,000,000 shares of Series A
        Preferred Stock, (iii) to set forth the rights, preferences and privileges
        of
        the Series A Preferred Stock, (iv) to increase the number of authorized shares
        of Company common stock to 750,000,000 and (v) to make certain additional
        modifications;

       

      Now,
        Therefore, Be It Resolved,
        that the
        Current Certificate be, and it hereby is, amended and restated to read in
        the
        form attached hereto as Exhibit A (the “Restated
        Certificate”)
        and
        the Restated Certificate be and hereby is approved; and

       

      Resolved
        Further,
        that the
        approved officers of the Company be, and they hereby are, authorized and
        directed to take or cause to be taken, any such actions, to execute such
        agreements, documents and instruments and to make such filings as may be
        necessary or appropriate to file the Restated Certificate with the Secretary
        of
        State of the State of Delaware and to carry out the intent and accomplish
        the
        purpose of the foregoing resolution, and all such actions heretofore taken
        by
        the officers in connection therewith are hereby ratified and
        approved.

       

      [Signature
        page follows]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      The
        undersigned has signed this written consent on the date appearing next to
        the
        undersigned’s name.

       

      Dated:
        ____________, 2006 

      _________________________

      Signature
        of Stockholder

       

      _________________________

      Printed
        Name of Stockholder

       

      __________________________

      Name
        of
        Person Signing for the Stockholder (If signing in a representative capacity
        for
        a corporation, trust, partnership and other entity)

       

      __________________________

      Title
        of
        Person Signing for the Stockholder (If signing in a representative capacity
        for
        a corporation, trust, partnership and other entity)

       

      Total
        number of shares owned of record as of the above date:

       

      Common
        Stock ____________________

       

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      ANNEX
        III

       

      FORM
        OF RESTATED CHARTER

       

      (See
        Attached)

       

      

       

      
        
          
            

          

           

        

        
           

          
            

          

        

        
           

          
          

        

      

      Schedule
        of Signatories

       

      
        	 	 
	
                Stockholder

              	
                Shares

              
	
                China
                  Sue Trust

              	
                500,000
                  

              
	
                Rogers
                  Living Trust

              	
                8,500,000
                  

              
	
                Arthur
                  Petrie

              	
                4,709,678
                  

              
	
                Arthur
                  Petrie

              	
                69,000
                  

              
	
                Cook
                  Family Trust, dated 9/10/91

              	
                1,942,647
                  

              
	
                Calico
                  Capital Management, LLC

              	
                500,000
                  

              
	
                John
                  Lawrence Clofine

              	
                150,000
                  

              
	
                Ella
                  Jane Clofine

              	
                150,000
                  

              
	
                Angela
                  Jane Clofine

              	
                200,000
                  

              
	
                Van
                  Wagoner Crossover Fund LP

              	
                2,000,000
                  

              
	
                John
                  Gronvall

              	
                7,750
                  

              
	
                John
                  M. Gronvall Revocable Trust

              	
                3,931,175
                  

              
	
                Players
                  Club Partners, LLC

              	
                156,000
                  

              
	
                Dwight
                  N. Call

              	
                72,000
                  

              
	
                Galt
                  Funding, LLC

              	
                2,430,773
                  

              
	
                IPO
                  Pang P.C.

              	
                2,279,357

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