Document:

March 13, 2014

 

CONFIDENTIAL

 

GemGroup Inc. 2925

N. 7 Highway

Blue Springs, Missouri 64014

 

Dear GemGroup Inc.:

 

Gaming Partners International
Corporation, 1700 Industrial Road, Las Vegas, NV 89102 ("GPIC") is pleased to submit this Binding Letter of Intent (the
"BLOI") to GemGroup, Inc., 2925 N. 7 Highway, Blue Springs, Missouri 64014 (together with its subsidiaries Gemaco Inc.,
GemAsia LLC, and GemTech LLC) (collectively, "GemGroup"), which sets forth the terms upon which GPIC or its designated
affiliates ("Buyer"} will purchase substantially all of the tangible and intangible assets (the "Assets") of
GemGroup, free and clear of all liens, claims and encumbrances (the "Transaction"). At the consummation of the Transaction
(the "Closing''), Buyer will assume the ordinary course liabilities of GemGroup reflected in the Closing Date Balance Sheet
(as defined below), and GemGroup's future obligations under contracts and permits transferred to Buyer as part of the Assets. Buyer
will not assume any liabilities in respect of outstanding indebtedness of GemGroup, which indebtedness will be satisfied from the
sales proceeds at the Closing, or any undisclosed, pre-Closing liabilities.

 

The Transaction is
subject to the terms and conditions contained herein. This BLOI is based upon, among other things, the preliminary investigation
undertaken by GPIC through the date hereof.

 

GPIC and GemGroup
agree as follows:

 

A.
         Buyer will continue the existing Gemaco manufacturing operations in Blue Springs, Missouri for at least five (5) years after the
date of Closing.

 

B.        
During due diligence, GPIC and Jason Fitzhugh will negotiate in good faith a three-year employment agreement with compensation
at least commensurate with GPIC employees at a similar level. The employment agreement shall include three-year post termination
non-competition and non-solicitation provisions acceptable to GPIC.

 

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

 

C.          At
the Closing, Danny Carpenter, Kaye Summers and Jason Fitzhugh will each enter into three-year agreements: (i) not to engage, directly
or indirectly, for themselves or on behalf of another, in the business of designing, manufacturing or selling to gaming, promotional
products and injection molding industries, playing cards, table game layouts and elements, gaming and promotional chips, table
accessories and injection molded parts (collectively, the "Products") anywhere in the world, (ii) not to solicit any
customers of GemGroup for the purposes of selling any Products on behalf of anyone other than Buyer, and (iii) not to solicit for
employment or hire any employees of GPIC or Buyer (including any former GemGroup employees).

 

D.         Promptly
following GemGroup's acceptance of this BLOI, GPIC will, with the assistance of GemGroup, apply for all necessary approvals from
gaming commissions and other regulatory agencies for consummation of the purchase and sale.

 

Section 1. PURCHASE
PRICE AND PAYMENT TERMS. At the Closing, and subject to the other conditions set forth herein and in any definitive Asset Purchase
Agreement (as discussed below), GPIC will pay GemGroup $22,500,000 for the Assets, plus or minus any working capital adjustment
as described below (the "Purchase Price"). Within two business days after GemGroup's acceptance of this BLOI, GPIC will
transfer a good faith deposit of $1,000,000 to BOKF, N.A. or another mutually agreeable escrow agent, which deposit shall be non-refundable
except as hereafter provided (together with any escrow earnings, the "Non-Refundable Deposit"). The Purchase Price assumes
that GemGroup will transfer working capital (calculated as provided below) at the Closing at least equal to the consolidated working
capital of GemGroup as of December 31, 2013, as determined from the balance sheet included in the Audited 2013 Financial Statements
(as defined in Section 10 below) (the "Target Working Capital"). For this purpose, working capital shall be determined
by subtracting current liabilities to be assumed (consisting of accounts payable and accrued expenses) from current assets to be
acquired (consisting of net accounts receivable, net inventory and pre-paid expenses the benefit of which will be received by Buyer).
The Purchase Price will be increased or decreased based upon the amount by which the working capital transferred at the Closing
exceeds or falls short of the Target Working Capital. For purposes of the Closing, the parties will estimate in good faith any
working capital adjustment based on the most recently available information. The working capital adjustment will be subject to
true-up within ninety (90) days following the Closing to reflect the actual working capital transferred, based on a closing date
balance sheet to be prepared by Buyer and reviewed by GemGroup (the "Closing Date Balance Sheet"). Buyer will prepare
the Closing Date Balance Sheet in accordance with GAAP, and as if the Closing date were the end of the fiscal year. Any disputes
regarding the working capital adjustment that the parties cannot amicably resolve will be referred for final resolution to a mutually
agreeable, independent CPA firm. Buyer and GemGroup will each pay one-half of any fees or expenses of such accounting firm.

 

It is agreed that the
Transaction will be structured as an asset purchase transaction. Buyer will pay the Purchase Price at the Closing (net of the Non-Refundable
Deposit). The net Purchase Price payable at Closing will be applied as follows: first, to satisfy any indebtedness encumbering
the Assets, and second, the balance will be payable to GemGroup by wire transfer of immediately available funds to an account
designated in writing by GemGroup at least two business days prior to the scheduled Closing (subject to either escrow or holdback
provisions in the following paragraph, if applicable).

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

At Closing, GemGroup
will transfer the sum of $2,000,000 to HSBC or another mutually agreeable escrow agent for a period of two years to provide security
for GemGroup's covenants and indemnities in this BLOI and in the Asset Purchase Agreement (defined below) under an Escrow Agreement
to be entered into at Closing. If any unresolved Buyer claims against GemGroup are pending as of five business days prior to the
expiration of the escrow, the Escrow Agreement will provide for a continuation of the escrow in an amount up to the maximum exposure
of the Buyer on the unresolved claims, but not to exceed $2,000,000.

 

Section 2. The
Assets of GemGroup to be transferred will be all of the assets of GemGroup (except as excluded below) and will include the following:

 

		(i)	All rights regarding any current and future manufacturing (including any licenses to use the
patents or technology utilized by GemGroup to manufacture its Products), and all other intellectual property (including without
limitation all trademarks, websites and URLs, know-how, trade secrets and other confidential information and the right to sue for
past infringement or misappropriation of any intellectual property) and information technology rights, including all business records
(the "Intellectual Property");

		(ii)	All rights to use all of GemGroup's requisite technology, and assignment of all vendor and supplier
agreements;

		(iii)	All raw materials, WIP, and finished goods inventory;

		(iv)	All existing customer lists and contracts;

		(v)	All permits and governmental authorizations, to the extent transferable;

		(vi)	All accounts receivable;

		(vii)	All land, buildings and fixed and mobile equipment;

		(viii)	All pre-paid expenses or other current assets;

		(ix)	All rights under any confidentiality agreements, invention or copyright assignments, and any
restrictive covenant agreements for the benefit of GemGroup;

		(x)	All goodwill of the GemGroup business or associated with the Assets; and

		(xi)	All claims or rights against third parties relating to the other Assets acquired.

 

GemGroup will retain
any cash or cash equivalents, along with the shares or LLC interests in its subsidiaries and their related corporate and tax records,
provided Buyer will be entitled to have access to such records post-Closing as reasonably necessary in connection with its operation
of the Assets or conduct of its business.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

At the Closing, as additional consideration
for the Assets, Buyer will assume all ordinary course trade accounts payable and accrued expenses of GemGroup (other than any amounts
due to GemGroup's shareholders, subsidiaries or affiliates). Buyer will also assume GemGroup's postClosing obligations under any
permits transferred to Buyer in the Assets and under all of GemGroup's executory contracts (other than any liabilities in respect
of pre-Closing breaches). Promptly following the execution of this BLOI, Buyer and GemGroup will cooperate in good faith to obtain
any required consents of third parties for assignment of all such contracts. Buyer will indemnify and hold harmless GemGroup from
all post-Closing obligations under such contracts (other than those arising from pre-Closing breaches), whether or not any required
consent of the other party or parties to the contracts is obtained. GemGroup will remain responsible for (and will indemnify and
hold harmless Buyer and its related parties against) all threatened or pending litigation matters based on or arising out of events
or omissions occurring prior to Closing, taxes due prior to Closing and other undisclosed liabilities, whether fixed or contingent,
of GemGroup.

 

Section 3.
DUE DILIGENCE: Subject to being provided prompt access to requested materials and personnel, GPIC expects that it will complete
its due diligence review of the Assets and the proposed Transaction from financial, accounting, operational, market, and competitive
perspectives within sixty (60) days after GemGroup has provided substantially all materials requested in GPIC's original due diligence
request list. In addition, during such period GPIC will perform confirmatory gaming, intellectual property, environmental, insurance,
benefits, labor, legal and tax reviews. GemGroup agrees to provide to GPIC, its agents, advisors, representatives, and prospective
lenders, full and complete access to such books, records, facilities, officers, employees and advisors as may be regarded as necessary
or desirable by GPIC and its agents in connection with their review. GPIC must complete each of the above reviews to its reasonable
satisfaction. GPIC is prepared to deliver an initial due diligence request list within ten days following the acceptance of this
BLOI. No investigation made by GPIC will limit or affect the representations, warranties, covenants and indemnities of GemGroup
under this BLOI or the Asset Purchase Agreement.

 

GemGroup has previously
delivered to GPIC the audited consolidated balance sheet and statements of income, shareholders' equity (or deficit), and cash
flows of GemGroup, as at and for the fiscal years ended December 31, 2009, 2010, 2011 and 2012 (the "Historical Financial
Statements"), and the unaudited consolidated statement of income of GemGroup for the fiscal year ended December 31, 2013 (the
"Unaudited 2013 Financial Statement''). In the Asset Purchase Agreement (defined below), GemGroup will represent and warrant
that the Historical Financial Statements and Unaudited 2013 Financial Statement: (a) are true and correct in all material respects;
(b) have been prepared in accordance with GAAP, consistently applied; (c) present fairly the financial condition and the results
of operations of GemGroup and its subsidiaries as of the date(s) and for the period(s) therein indicated; and (d) are consistent
with the books and records of GemGroup prepared in the ordinary course of business.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

Section 4. EXECUTION OF AGREEMENT;
CLOSING: The parties intend to negotiate an asset purchase agreement relating to the Transaction (the "Asset Purchase Agreement'')
consistent with the terms of this BLOI, which will be drafted by GPIC's attorneys and which will contain customary representations,
warranties and covenants (including indemnities) by GemGroup and by GPI, as well as any provisions to address matters discovered
in due diligence, certain of which would survive the Closing for the applicable timeframes outlined in the Asset Purchase Agreement.
A representative list of customary topics to be addressed by such representations and warranties is attached as Exhibit A. GPIC
will deliver an initial draft of the Asset Purchase Agreement to GemGroup within sixty (60) calendar days of acceptance of this
proposal. GPIC anticipates signing the Asset Purchase Agreement and closing the Transaction within 120 calendar days after acceptance
of this BLOI by GemGroup. The parties agree to negotiate in good faith, and use their reasonable commercial efforts to agree on
the form of the definitive Asset Purchase Agreement.

 

Unless otherwise provided
in the Asset Purchase Agreement, the Closing will take place on June 30, 2014, or such other date as the parties may agree in writing.
Buyer's obligation to proceed with the Closing is subject to receipt of necessary regulatory (if any) and third party approvals
for the transaction, and such other customary conditions precedent as may be set forth in the Asset Purchase Agreement except third
party approvals for the assignment of GemGroup's contracts. GemGroup's obligation to proceed with the Closing is subject to receipt
of necessary regulatory approvals for the transaction (if any) and such other customary conditions precedent as may be set forth
in the Asset Purchase Agreement.

 

Section 5. EXCLUSIVITY:
In consideration of GPIC's payment of the Non-Refundable Deposit and incurrence of costs in connection with the conduct of its
due diligence, the preparation and negotiation of the Asset Purchase Agreement, and seeking regulatory consents, GemGroup agrees
that, from their acceptance of this BLOI until the date that is four months after such acceptance, GemGroup will not, and will
cause its affiliates and their respective officers, directors, stockholders, employees and agents not to, initiate, encourage (including
by way of furnishing any non-public information concerning GemGroup, the Assets or business), solicit, conduct or continue any
negotiations or discussions with or enter into any agreement with any third party (other than GPIC or its affiliates), relating
to the acquisition of all or any portion of GemGroup of any of its subsidiaries, or any of their respective assets or business
(whether by merger, share purchase, asset purchase, lease, exclusive license, or otherwise), other than, in each case, the sale
of goods in accordance with past practices and other transactions in the ordinary course of business for the sale of products consistent
with past practices.

 

Section 6. PUBLIC
ANNOUNCEMENT. GPIC will provide a public announcement (the "Public Announcement") on behalf of both parties (which Public
Announcement shall include an appropriate filing with the Securities and Exchange Commission by GPIC) of the Transaction contemplated
by this BLOI. GemGroup will be given a reasonable opportunity to provide input on the Public Announcement as it relates to any
information or statements regarding GemGroup. GemGroup acknowledges that GPIC will be required to file a form 8-K regarding this
BLOI and the Transaction in accordance with applicable securities laws and SEC requirements.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x:
+1.702.384.1965 | gpigaming.com

 

    	 

    	 

    

 

Section 7.
CONFIDENTIALITY: Except as provided in Section 6 above, neither the parties to this BLOI nor any of their affiliates or their respective
officers, directors, stockholders, employees, or agents shall make any public announcement or issue any press release or other
publicity in respect of the Transaction without the prior written consent of the other party (except as such disclosures are required
in applications or by applicable securities or gaming laws or stock market rules). The parties agree that, except as provided in
Section 6 above, the Non-Disclosure Agreement dated February 5, 2014, the terms of which are hereby incorporated herein by this
reference, shall continue in full force and effect, until the Closing.

 

Section 8.
EXPENSES: Whether or not the Transaction is consummated, each party to this BLOI shall be responsible for its own fees and expenses
incurred in connection with its preparation and negotiation and of this BLOI, the Asset Purchase Agreement and the Transaction,
including the fees and disbursements of its respective counsel, advisors, finders, accountants or other experts. The parties shall
equally share the fees and other expenses of the escrow agents for the escrows provided in Section 1. Each party shall be solely
responsible for the fees of its respective broker or finder, if any.

 

Section 9.
TERMINATION: This BLOI may be terminated by either party, at any time and for any reason, by written notice to the other party
at any time prior to the execution of the Asset Purchase Agreement or the Closing, whichever occurs first. Upon any such termination,
this BLOI shall terminate and become void and of no further force and effect, except for the provisions related to the payment
of the Non-Refundable Deposit and Sections 7, 8 and 9 which shall survive in accordance with their respective terms.

 

In the event GPIC terminates
this BLOI due to:

 

		A.	A lack of regulatory approval by any of the States of California, Pennsylvania, Nevada, Missouri,
New Jersey, Washington, Michigan and Indiana in the United States or the Province of British Columbia in Canada or lack of regulatory
approval by any Native American gaming agency in Florida, Connecticut or California for a Native American casino customer from
which GemGroup received revenues of at least $50,000 in 2013; provided, however, that the Closing will be extended by up to one
hundred twenty (120) days if necessary to obtain any such regulatory approvals.

 

		B.	Lack of good faith negotiations by GemGroup in connection with the
Asset Purchase Agreement or intentional delays in the Closing by GemGroup;

 

		C.	Lack of good faith negotiations by Jason Fitzhugh in connection with
his employment agreement;

 

		D.	Any material inaccuracy in the Historical Financial Statements, any
failure to deliver the Audited 2013 Financial Statements, or any material discrepancy between the Unaudited 2013 Financial Statement
and the Audited 2013 Financial Statements other than the matter disclosed in item 2 of Exhibit B below;

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x:
+1.702.384.1965 | gpigaming.com

 

    	 

    	 

    

 

		E.	The occurrence since December 31, 2013, of any action, event, condition
or circumstance, that, individually or in the aggregate, has had or could reasonably be expected to have a material adverse effect
on, or a material adverse change in, the operations, condition (financial or otherwise), results of operations, prospects, assets,
liabilities or reserves of GemGroup, provided, however, that when determining whether there has been a Material Adverse Change,
any adverse change attributable to any of the following shall be disregarded: (i) general economic, business, industry or financial
market conditions (whether in the United States or otherwise), but that do not disproportionately affect GemGroup; (ii) the taking
of any action required by this BLOI or the Asset Purchase Agreement; (iii) the announcement of the transactions contemplated hereby;
(iv) the breach of this BLOI or the Asset Purchase Agreement by GPIC, (v) any changes in applicable laws, regulations or accounting
rules, including GAAP; (vi) any existing event, occurrence or circumstance set forth in the disclosure schedule to the Asset Purchase
Agreement; and (vii) any adverse change in or effect on the business of GemGroup that is cured by or on behalf of GemGroup to the
reasonable satisfaction of GPIC before the termination of this BLOI (a "Material Adverse Change");

 

		F.	Any material environmental condition at any owned real property in the Assets, or for which GPIC
might otherwise be held liable as a result of its ownership of the Assets or operation of the business;

 

		G.	Any material misrepresentation or breach of any covenant herein by GemGroup or GemGroup's refusal
to provide customary representations and warranties as reflected on Exhibit A to this BLOI in connection with any Asset Purchase
Agreement (which representations and warranties will be subject to disclosed exceptions, including those matters disclosed on Exhibit
B to this BLOI, provided that such disclosures do not include any material liabilities not reflected in the Historical Financial
Statements or the Unaudited Financial Statements, other than the matter disclosed in item 2 of Exhibit B below and ordinary course
trade accounts payable and accrued expenses);

 

then in any such case the escrow agent
will return the entire Non-Refundable Deposit to GPIC. Otherwise, the escrow agent will pay the entire Non-Refundable Deposit to
GemGroup as full liquidated damages, provided GemGroup executes and delivers to GPIC and its related parties a written release
of all claims.

 

This BLOI will terminate automatically
if the Asset Purchase Agreement has not been executed by the parties by June 30, 2014, and the escrow agent will pay the entire
Non-Refundable Deposit to GemGroup as full liquidated damages, provided GemGroup executes and delivers to GPIC and its related
parties a written release of all claims.

 

If this BLOI is terminated by GemGroup
for any reason other than material breach of this BLOI by GPIC, the escrow agent will return the entire Non-Refundable Deposit
to GPIC.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x:
+1.702.384.1965 | gpigaming.com

 

    	 

    	 

    

 

Upon any termination,
the parties agree promptly to execute written directions to the escrow agent to disburse the Non-Refundable Deposit in accordance
herewith.

 

In the event this BLOI
is terminated (other than by virtue of the Closing or the execution of the Asset Purchase Agreement), for a period of two years
from such termination, GPIC agrees not to, and to cause its subsidiaries not to, directly or indirectly, employ, attempt to employ
or solicit in any way any employee of GemGroup for other employment or to provide consulting or similar services (provided that
general advertising to the public through newspapers or similar means not directed at GemGroup or its employees will not constitute
a solicitation of employees of GemGroup).

 

Section 10. CONDUCT
OF BUSINESS: From the date GemGroup accepts this BLOI through the Closing or the termination of this BLOI, GemGroup will: (i) (a)
conduct its business in a reasonable and prudent manner in accordance with past practices, (b) use reasonable efforts to preserve
its existing business organizations and relations with its employees, customers, suppliers, landlords, regulators and others with
whom it has a business relationship, (c) use reasonable efforts to preserve and protect its properties, assets and rights (including
permits and other governmental approvals) and conduct its business in compliance with all applicable laws and regulations, and
(d) promptly notify GPIC of any Material Adverse Change, and (ii) not (a) enter into any contract or binding customer or vendor
commitment having an aggregate dollar value in excess of $250,000 or a duration greater than one year without giving prior written
notice to GPIC stating the customer or vendor name and the contract amount and duration, nor (b) intentionally take any action
which is reasonably likely to have a material adverse effect on the Assets and rights, of GemGroup to be purchased, without the
prior approval of GPIC. Without limiting the foregoing, GemGroup agrees that it will not make any material change in its accounting
methods or practices, other than as required by changes in GAAP or applicable law, in the manner of keeping its books and records,
or in its current practices with respect to customer contracts, sales, receivables, inventories, inventory valuation, payables
or accrued expenses. GemGroup will cause to be finalized as soon as reasonably practicable, but not later than March 31, 2014 (and
will deliver or cause to be delivered to GPIC promptly upon issuance by the third party accountants of GemGroup), the audited consolidated
balance sheet and statements of income, shareholder's equity (or deficit), and cash flows of GemGroup, as at and for the fiscal
year ended December 31, 2013 (the "Audited 2013 Financial Statements").

 

Following the Closing, GemGroup will provide
reasonable assistance in transferring the business to Buyer. In furtherance of the foregoing, GemGroup grants to Buyer, effective
as of the Closing, the power, right and authority, coupled with an interest, to receive, endorse, cash, deposit, and otherwise
deal with in GemGroup’s name, any checks, drafts, documents and instruments evidencing payment of any accounts receivable
or other payment rights included in the Assets and that are payable to or to the order of, or endorsed in favor of, GemGroup or
any agent thereof. GemGroup agrees promptly to endorse and pay over or cause to be endorsed and paid over to Buyer, without deduction
or offset, the full amount of any payment received by GemGroup or any of its agents after the Closing in respect of goods sold
or services rendered as part of the business, and shall hold any such amounts in trust for Buyer pending such payment.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x:
+1.702.384.1965 | gpigaming.com

 

    	 

    	 

    

 

Section 11.
GOVERNING LAW: This BLOI shall be governed by and construed in accordance with the laws of the State of Missouri, without giving
effect to the principles of conflict of laws thereof. The exclusive forum for the determination of any action relating to this
BLOI or the Asset Purchase Agreement shall be an appropriate court in the County of Jackson, State of Missouri.

 

Section 12.
ENTIRE AGREEMENT; COUNTERPARTS: This BLOI supersedes all prior understandings among the parties hereto except the Non-Disclosure
Agreement dated February 5, 2014. This BLOI may be executed in one or more counterparts, each of which shall be an original, but
all of which together shall constitute one and the same agreement.

 

Section 13. REPRESENTATIONS AND
COVENANTS:

 

		(i)	GemGroup hereby represents to GPIC that, as of the date of this BLOI and up to the date of Closing:
GemGroup has and will have good and marketable title to all Assets purported to be owned by it (including those reflected in the
Financial Statements) and a valid leasehold interest in all leased Assets, in each case free and clear of all liens, claims and
encumbrances of any kind (other than liens securing indebtedness to be satisfied at or prior to the Closing); the Assets constitute
all of the assets and properties necessary or desirable to conduct business as presently conducted by GemGroup, including without
limitation, the exclusive license, or non-exclusive licenses entered into in the ordinary course of business, to use the Intellectual
Property, and neither the BLOI nor the Transaction violates or breaches or will violate or breach any agreement or understanding
with any other person, except that GemGroup does not represent that the BLOI or the Transaction will not violate or breach any
contractual clause precluding assignment without the consent of the other party (but GemGroup does represent and warrant that not
more than five of Gemaco's contracts (not including customer issued purchase orders) with customers producing revenue for Gemaco
over $50,000 in 2013 require a consent of the other party in connection with the Transaction). GemGroup covenants and agrees that,
under no circumstances, shall it intentionally take any action that will harm or injure the rights or business relationship of
any other person as a result of this BLOI or GPIC's purchase of the Assets or otherwise. GemGroup covenants to have in place at
the Closing and maintain in place for three (3) years after Closing general and products liability insurance policy (or policies)
with aggregate limits of $8,000,000 (except the limit on a separate product liability policy covering aircraft will be $5,000,000),
and if requested by GPIC, GemGroup will use its best efforts to have GPIC named as an additional insured thereunder with any cost
of doing so to be paid by GPIC. GemGroup covenants and agrees to defend, indemnify and hold harmless GPIC, its affiliates and their
respective agents, employees, officers, directors, consultants, successors and assigns, from and against any and all liabilities
and claims, including, without limitation, future liabilities and claims by third parties, for demands, suits, actions, liabilities,
losses, damages, injuries, judgments, costs and expenses (including reasonable attorneys' fees and costs), directly or indirectly
arising from any untruth, inaccuracy or breach of any representations, covenants or agreements made by GemGroup in this BLOI or
in the Asset Purchase Agreement, any indebtedness or other obligations of GemGroup which GPIC has not agreed herein to assume,
and any other excluded liabilities, claims or losses, whether or not known at Closing, except that the foregoing indemnity shall
not apply in respect of any matter arising out of or related to (a) a breach of any representation, warranty or covenant of GPIC
in this BLOI or the Asset Purchase Agreement or (b) any pre-Closing act or omission by GPIC or any of its representatives.

 

 

···················································································································································

 

GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

		(ii)	GPIC represents and warrants that it has all necessary approvals and licenses to manufacture
and sell playing cards, gaming table coverings and gaming chips in all States of the United States and all Provinces of Canada
in which GemGroup's subsidiary, Gemaco Inc., is licensed by the relevant gaming authorities (as previously disclosed by GemGroup)
and in the country of Panama. GPIC covenants and agrees to defend, indemnify and hold harmless GemGroup, its affiliates and their
respective agents, employees, officers, directors, consultants, successors and assigns, from and against any and all liabilities
and claims, including, without limitation, future liabilities and claims by third parties, for demands, suits, actions, liabilities,
losses, damages, injuries, judgments, costs and expenses (including reasonable attorneys' fees and costs), directly or indirectly
arising from any untruth, inaccuracy or breach of any representations, covenants or agreements made by GPIC in this BLOI or in
the Asset Purchase Agreement and arising from post-Closing operations of the former businesses of GemGroup and from use of the
Assets post-Closing, except that the foregoing indemnity shall not apply in respect of any matter arising out of or related to
(a) a breach of any representation, warranty or covenant of GemGroup in this BLOI or the Asset Purchase Agreement, (b) any excluded
liability retained by GemGroup, or (c) any pre-Closing act or omission by GemGroup or any of its representatives.

 

		(iii)	The foregoing will be incorporated into the Asset Purchase Agreement.

 

		(iv)	Except in the case of fraud, GemGroup's maximum aggregate liability for breach of representations
and warranties (including indemnity obligations) will be $4,000,000. GemGroup will not have any liability for such breaches of
representations or warranties until the aggregate loss to all Buyer indemnities combined exceeds $100,000, except that the foregoing
basket will not apply to breaches of the representations and warranties relating to title to assets. The limitations of this subsection
do not apply to GemGroup's indemnity obligations in respect of any excluded liabilities (pending or threatened litigation, regulatory
actions, customer claims referenced on Exhibit B below or fraud). The representations, warranties and covenants referenced in this
subsection include those contained in this BLOI and in the Asset Purchase Agreement.

 

		(v)	By their execution below, the shareholders of GemGroup agree to be jointly and severally liable
with GemGroup in respect of its indemnification obligations under this BLOI and the Asset Purchase Agreement, provided that the
shareholders maximum aggregate liability hereunder will not exceed $2 million, provided that such limitation shall not apply (and
such obligation shall be unlimited) with respect to income taxes and existing or pending litigation.

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

[Remainder of Page Intentionally Blank]

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

If the foregoing correctly sets forth the understanding of the parties hereto,
please so indicate by executing both originals of this BLOI in the spaces provided below and returning one fully executed original
to us. GPI reserves the right to withdraw this BLOI at any time prior to GPI's receipt of such written acceptance by GemGroup and
its shareholders.

 

	 	Very truly yours,
	 	 
	 	GAMING PARTNERS INTERNATIONAL CORPORATION
	 	 	 
	 	By:	/s/ Gregory S. Gronau
	 	 	Name: Gregory S. Gronau
	 	 	Title: President and Chief Executive Officer

 

Agreed and accepted as of March 13, 2014

 

	By:	/s/ D. Kaye Summers	 
	 	Name: D. Kaye Summers	 
	 	Title: President and Chief Executive Officer	 

 

D. Kaye Summers and Danny
R. Carpenter agree to be bound by paragraph C and §13 (v) of this BLOI:

 

	By:	/s/ D. Kaye Summers	 
	 	Name: D. Kaye Summers	 
	 	 	 
	By:	/s/ Danny R. Carpenter	 
	 	Name: Danny R. Carpenter	 

 

Jason A. Fitzhugh agrees to be bound by paragraphs
B and C and §13 (v) of this BLOI:

 

	By:	/s/ Jason A. Fitzhugh	 
	 	Name: Jason A. Fitzhugh	 

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

Exhibit A

 

Customary Representations and Warranties
(subject to disclosed exceptions)

 

		·	GemGroup has good title to the Assets purported to be owned by it
(including those reflected in the Financial Statements) and a valid leasehold interest in all leased Assets, in each case, free
and clear of all claims, liens and encumbrances

		·	GemGroup DISC LLC has no assets used or held for use (tangible or
intangible) in connection with the business

		·	Audited financial statements are correct in all material respects,
in accordance with GAAP, consistently applied, fairly present the financial situation and results of operations as of their respective
dates, and are consistent with GemGroup's books and records maintained in the ordinary course

		·	Inventory is good and saleable, subject to applicable reserves reflected
in the Closing Date Balance Sheet

		·	Tangible Assets material to the operation of GemGroup's business
in the ordinary course are operational and in reasonable repair, ordinary wear and tear excepted

		·	Equipment maintenance has not been deferred with respect to equipment
that is material to the operation of GemGroup's business in the ordinary course.

		·	GemGroup has all required permits and licenses, and is and has been
in material compliance with all applicable laws, regulations and permits

		·	Complete copies of all material contracts and governmental/judicial
restrictions have been delivered; neither GemGroup nor, to GemGroup's knowledge, any counterparty is in default under any contract

		·	No customer that has purchased more than $50,000 worth of products
in the last twelve months has notified GemGroup that it intends to discontinue doing business with, or materially change the terms
on which it does business with, GemGroup

		·	All taxes have been correctly filed and paid when due

		·	All known liabilities are recorded in the books

		·	Disclosure of all pending and, to GemGroup's knowledge, threatened
litigation, claims, government investigations, audits, arbitrations or similar proceedings

		·	A reasonable insurance program is in effect; accurate disclosure of 3 years insurance loss

runs

		·	To GemGroup's knowledge, there has been no Material Adverse Change since 12/31113

		·	Employees are terminable at will (except as specifically disclosed)
and employee benefit programs are at reasonable levels given the location of the facilities and nature of the business; there are
no defined benefit or multi-employer pension plan obligations, none of the employees is represented by a union, and there are no
collective bargaining agreements in effect

 

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GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.com

 

    	 

    	 

    

 

Exhibit B

 

Disclosures Relating to Assets and Business
of GemGroup

 

		1.	New Jersey litigation-two lawsuits are pending related to use of
a pre-shuffled pack of eight decks by the Golden Nugget Casino.

 

		2.	Items covered by 2013 reserve for one time items in the amount of
approximately $170,000— customer issues involving claims of defective products.

 

		3.	Supplier issue involving claim made by Gemaco against supplier for
defective products provided to Gemaco customers.

 

		4.	The roof of Gemaco's building in Blue Springs, Missouri has had relatively
minor leaks from time to time for at least the last 11 years. We believe the issue relates to the original design of the building
and gutters. We have found that it is considerably more economical for the Gemaco maintenance department to deal with the leaks
than to make the major modifications that would be required to stop the leaks.

 

···················································································································································

 

GAMING PARTNERS INTERNATIONAL CORPORATION
| THE AMERICAS ∙ EUROPE ∙ ASIA

 

1700 INDUSTRIAL ROAD | LAS VEGAS, NEVADA
89102 | UNITED STATES OF AMERICA

tel: +1.702.384.2425 | f x: +1.702.384.1965
| gpigaming.comAMENDMENT

変更契約書

 

This AMENDMENT (“Amendment”) is made and entered
into as of April 11, 2014 between STAAR Surgical AG (“STAAR AG”), a Swiss corporation, having its principal place of
business at Hauptstrasse 104, 2560 Nidau, Switzerland, as assignee and 100% parent company of STAAR Japan, G.K., having its principal
place of business at NBF Shin-Urayasu-Tower 5F, 1-5-2, Irifune, Urayasu City, Chiba 279-0012, Japan (each a wholly owned subsidiary
of STAAR Surgical Company (“STAAR SURGICAL”), a Delaware corporation, having its principal place of business at 1911
Walker Avenue, Monrovia, California 91016 U.S.A), and NIDEK CO., LTD. (“NIDEK”), a Japanese corporation, having its
principal place of business at 34-14 Maehama, Hiroishi-cho, Gamagori, Aichi 443-0038, Japan.

本変更契約書(以下「本変更契約」という)は、2014年4月11日付で、スイス
ニーダウ 2560 ハウプト通り104に本店を有するスター
サージカル AG(以下「スターAG」という)と、日本愛知県蒲郡市拾石町前浜34番地14に本店を有する日本法人株式会社ニデック(以下「ニデック」という)との間で締結される。スターAGは、千葉県浦安市入船1-5-2NBF新浦安タワー5階に本店を有する日本法人スター・ジャパン合同会社からの契約承継者として、また、スター・ジャパン合同会社の100%親会社として、本変更契約を締結する。(なお、スター
サージカル AG、スター・ジャパン合同会社いずれも、米国91016カリフォルニア州モンロビア
ウォーカー通り1911に本店を有するデラウェア州法人スター
サージカル カンパニー(以下「スターサージカル」という)の完全所有下にある子会社である。)

 

RECITAL

前文

STAAR Japan, G.K. and NIDEK entered into several agreements,
including the following:

Basic Contract: Sales Transaction for Injector
Product, dated May 23, 2005;

  Basic Contract: Sales Transaction of Non-Sterilized Intraocular Lens, dated May 23, 2005;

Memorandum: Sales Transaction, dated January
28, 2009;

  Basic Contract: Second Generation of Acrylic Preset Basic Agreement, dated January 28, 2009;

Contract: Supply Agreement, dated January
28, 2009;

Memorandum: Sales Transaction for Injector,
dated May 1, 2011;

Memorandum: Sales Transaction of Non-Sterilized Intraocular
Lens, dated May 1, 2011; and

  Supplement and Amendment to Acrylic Preset Basic Agreements, dated August 24, 2012 (“2012 Agreement”). 

The above-referenced documents (with the exception of the 2012
Agreement) are collectively referred to as “the Original Contracts”. All of the above-reference agreements (including
the 2012 Agreement) are sometimes collectively referred to as “the Agreements.”

STAAR AG has assumed the rights and obligation under the Agreements
from STAAR Japan, G.K. by entering into the Assignment and Assumption Agreement, dated April 11, 2014.

STAAR AG and NIDEK are willing to amend the Agreements in accordance
with the terms of this Amendment, and in order to induce Nidek to enter into this Amendment, STAAR SURGICAL agrees to guarantee
to NIDEK performance of STAA AG under the Agreements and this Amendment.

NOW, THEREFORE, the parties agree as follows:

スター・ジャパン合同会社およびニデックは、次に掲げる契約を含む複数の契約を締結した。

 

    	 

    	 

    

 

2005年5月23日締結のインジェクター製品の売買取引基本契約書

2005年5月23日締結の未滅菌眼内レンズ製品の売買取引基本契約書

2009年1月28日締結の売買基本取引契約に係わる覚書

2009年1月28日締結の第二世代アクリル・プリセット基本契約書

2009年1月28日締結のアクリル・プリセット供給保証契約書

2011年5月 1日締結のインジェクター売買取引覚書

2011年5月 1日締結の未滅菌眼内レンズ売買取引覚書

2012年8月24日締結のアクリル・プリセット基本契約書に関する追加・変更契約書(以下「2012年契約」という)

上記の契約書(ただし、2012年契約を除く)を総称して、「原契約」というものとする。また、上記の契約書(2012年契約を含む)を総称して、「本件原契約」というものとする。

スターAGは、2014年4月11日付の債権譲渡および債務引受に関する契約書をもって、スター・ジャパン合同会社から、本件原契約における債権債務を継承している。

スターAGおよびニデックは、本変更契約の定めにしたがって、本件原契約を変更することを望んでいる。スター
サージカルは、ニデックの本契約締結を促すために、ニデックに対し、スターAGの本件原契約および本変更契約の履行を保証することに同意している。

したがって、本変更契約の当事者は、以下の通り合意する。

 

1. Extension of the Term

第1条(契約期間の変更)

1. The Section 6 of the 2012 Agreement shall be
changed as follows:

1.2012年契約第6条を、次のように変更する。

 

6. Duration. 

This Agreement shall become effective as of the date
first above written and shall terminate as of December 31, 2016; provided that this Agreement will be automatically extended for
subsequent one (1) year periods with identical terms and conditions as set forth in this Agreement unless either STAAR or NIDEK
gives the other party written notice one year prior to the end of the current term or any extended term.

第6条(有効期間)

本契約は、冒頭に記載された日付において発効し、2016年12月31日まで有効とする。なお、本契約は、期間満了の1年前までにスターまたはニデックのいずれからも書面による通知がないときは、同一条件で更に1年間継続するものとし、その後もこの例によるものとする。

 

 

2. The Section 9 b. of the 2012 Agreement shall
be changed as follows:

2.2012年契約第9条第2項を、次のように変更する。

 

9. Amendment to the Original
Contracts.

b. STAAR and NIDEK hereby agree to extend the termination
date of all of the agreements that are part of the Original Contracts to December 31, 2016; provided that such agreements that
are part of the Original Contracts will be automatically extended for subsequent one (1) year periods with identical terms and
conditions as set forth in the Original Contracts unless either STAAR or NIDEK gives the other party written notice not to renew
any of the agreements that are part of the Original Contracts one year prior to the end of the current term (December 31, 2016)
or any extended term. Notwithstanding the foregoing, STAAR or NIDEK may stop purchasing non-sterilized Lenses or Injectors (excluding
the purchase of Injectors necessary for the outsourcing of the Manufacturing) by giving the other party written notice two (2)
months prior to the end of the current term (December 31, 2016) or any extended term.

第9条(原契約の変更)

2.スターとニデックとは、本契約をもって、原契約の有効期間を、全て、2016年12月31日まで延長することに同意する。なお、原契約については、変更後の期間(2016年12月31日)満了の1年前までにスターまたはニデックのいずれからも契約を更新しない旨の書面による通知がないときは、同一条件で更に1年間継続するものとし、その後もこの例によるものとする。前記の定めにもかかわらず、未滅菌のレンズの購入、または、インジェクターの購入(製造委託に必要なインジェクターの購入は除く)に関しては、スターまたはニデックは、期間(2016年12月31日)満了の2ヶ月前までに書面により相手方に通知することにより期間満了日において取引を終了することができるものとする。

 

    	 

    	 

    

 

2. Minimum Purchase Quantity

第2条(最低購入数量)

1. The Section 9 d. shall be supplemented to the
2012 Agreement as follows:

1.2012年契約第9条に、次の第4項を追加する。

 

9 d. STAAR and NIDEK hereby agree
that the minimum purchase quantity of Injector for a period from January 1, 2014 to December 31, 2014 (“2014 Injector Minimum
Purchase Quantity”) shall be ***. STAAR shall supply NIDEK with the 2014 Injector Minimum Purchase Quantity and NIDEK shall
purchase the 2014 Injector Minimum Purchase Quantity from STAAR. STAAR and NIDEK shall mutually agree upon the monthly delivery
schedule of such Quantity and endeavor to follow the schedule.

STAAR and NIDEK shall mutually agree upon the minimum
purchase quantity of Injector for the year 2015 by December 31, 2014. STAAR and NIDEK shall mutually agree upon the minimum purchase
quantity of Injector for the year 2016 by December 31, 2015.

第9条(原契約の変更)

4.スターおよびニデックは、2014年1月1日より2014年12月31日までの期間におけるインジェクターの最低購入数量(以下「2014年インジェクター最低購入数量」という)を、***本とすることに同意する。スターは、2014年インジェクター最低購入数量を、ニデックに供給するものとし、ニデックは、2014年インジェクター最低購入数量を、スターから購入するものとする。スターおよびニデックは、両者間において、当該数量の月別納入計画表に合意し、鋭意これに従うものとする。

2015年のインジェクターの最低購入数量は、2014年12月31日までに、両者間において合意する。2016年のインジェクターの最低購入数量は、2015年12月31日までに、両者間において合意する。 

 

2. The Section 4.1 of the 2012 Agreement shall be
changed as follows:

2.2012年契約第4条第1項を、次のように変更する。

 

    	 

    	 

    

 

4. Minimum Purchase Quantity.

1. STAAR and NIDEK hereby agree that the minimum
purchase quantity of the Finished Product for a period from January 1, 2014 to December 31, 2014 (“2014 Finished Product
Minimum Purchase Quantity”) shall be ***. Subject to STAAR’s fulfillment of the supply of the minimum quantity of Injector,
NIDEK shall supply STAAR with the 2014 Finished Product Minimum Purchase Quantity and STAAR shall purchase the 2014 Finished Product
Minimum Purchase Quantity from NIDEK. STAAR and NIDEK shall mutually agree upon the monthly delivery schedule of such Quantity
and endeavor to follow the schedule.

STAAR and NIDEK shall mutually agree upon the minimum
purchase quantity of Finished Product for the year 2015 by December 31, 2014. STAAR and NIDEK shall mutually agree upon the minimum
purchase quantity of Finished Product for the year 2016 by December 31, 2015.

第4条(最低購入数量)

1.スターおよびニデックは、2014年1月1日より2014年12月31日までの期間における最終製品の最低購入数量(以下「2014年最終製品最低購入数量」という)を、***
個とすることに同意する。スターによりインジェクターの最低購入数量が供給されることを条件として、ニデックは、2014年最終製品最低購入数量を、スターに供給するものとし、スターは、2014年最終製品最低購入数量を、ニデックから購入するものとする。スターおよびニデックは、両者間において、当該数量の月別納入計画表に合意し、鋭意これに従うものとする。

2015年の最終製品の最低購入数量は、2014年12月31日までに、両者間において合意する。2016年の最終製品の最低購入数量は、2015年12月31日までに、両者間において合意する。

 

3. Allocation in Case of Supply Shortage

第3条(供給不足時の数量割当)

1. The Section 9 e. shall be supplemented to the
2012 Agreement as follows:

1.2012年契約第9条に、次の第5項を追加する。

 

9 e. If STAAR cannot supply NIDEK
with the 2014 Injector Minimum Purchase Quantity in accordance with the Section 9 d. (on a monthly basis) due to manufacturing
constraints, after using commercially reasonable efforts to supply the requested quantity, the Injector that is actually supplied
to NIDEK by STAAR during the year 2014 shall be allocated as follows; provided, however, that the quantity necessary for testing
or evaluation and the quantity of loss at the time of manufacturing shall be excluded from the allocated quantity before NIDEK
supplies Finished Product to STAAR:

(i) Allocation to STAAR

(The quantity of Injector that
is actually supplied to NIDEK by STAAR during the year 2014) x (***)

(ii) Allocation to NIDEK

(The quantity of Injector that
is actually supplied to NIDEK by STAAR during the year 2014) x (***)

The above method of calculation
shall apply to the year 2015 and 2016 in the same way.

 

(For the avoidance of doubt and
as an example, if the quantity of Injector actually supplied to NIDEK by STAAR during the year 2014 is ***, it will be allocated as
follows:

(i) Allocation to STAAR

x (***) = ***

(ii) Allocation to NIDEK

x (***) = ***.

 

    	 

    	 

    

 

The above-referenced allocation
is subject to revision for equitable purposes, as will be discussed by the parties.

 

第9条(原契約の変更)

5.ニデックの要求数量を供給するために、スターが商業的に見て合理的な努力を尽くしてもなお、製造上の制約により、スターが第9条第4項の定めにしたがって(月次ベースで)2014年インジェクター最低購入数量をニデックに供給できない場合、2014年にスターが実際にニデックに供給したインジェクターは、次の通りに割当てるものとする。ただし、ニデックがスターに最終製品を供給する際には、割当てられた数量から、試験・評価のために必要な数量および製造時にロスする数量を除外するものとする。

(1)スターへの割当数量

(2014年にスターがニデックに実際に供給したインジェクターの数量)

×(*** )

(2)ニデックへの割当数量

(2014年にスターがニデックに実際に供給したインジェクターの数量)

×(*** )

なお、2015年および2016年についても、同様の方法によるものとする。

 

(例えば、仮に2014年にスターが実際にニデックに供給したインジェクターの数量が
本であった場合、次の通りとなる。

(1)スターへの割当数量

  × ( *** ))=
*** 個

    (2)ニデックへの割当数量

  × (
*** )= *** 個 )

 

なお、前述の割当方法は、双方にとっての公平性を確保するために、両者協議に基づき、改訂する場合がある。

 

2 The Section 4.2 shall be supplemented to the 2012
Agreement as follows:

2.2012年契約第4条に、次の第2項を追加する。

 

4.2 If NIDEK cannot supply STAAR
with the 2014 Finished Product Minimum Purchase Quantity in accordance with the Section 4.1 (on a monthly basis) due to manufacturing
constraints, after using commercially reasonable efforts to supply the requested quantity, the Finished Product that is actually
manufactured by NIDEK during the year 2014 shall be allocated as follows; provided, however, that the quantity necessary for testing
or evaluation and the quantity of loss at the time of manufacturing shall be excluded from the allocated quantity before NIDEK
supplies Finished Product to STAAR:

(i) Allocation to STAAR

(The quantity of Finished Product
that is actually manufactured by NIDEK during the year 2014) x (***)

(ii) Allocation to NIDEK

(The quantity of Finished Product
that is actually manufactured by NIDEK during the year 2014) x (***)

The above method of calculation shall apply to the
year 2015 and 2016 in the same way.

 

    	 

    	 

    

 

The above-referenced allocation
is subject to revision for equitable purposes, as will be discussed by the parties.

 

第4条(最低購入数量)

2.スターの要求数量を供給するために、ニデックが商業的に見て合理的な努力を尽くしてもなお、製造上の制約により、ニデックが第4条第1項の定めにしたがって(月次ベースで)2014年最終製品最低購入数量をスターに供給できない場合、2014年にニデックが実際に製造した最終製品は、次の通りに割当てるものとする。ただし、ニデックがスターに最終製品を供給する際には、割当てられた数量から、試験・評価のために必要な数量および製造時にロスする数量を除外するものとする。

(1)スターへの割当数量

(2014年にニデックが実際に製造した最終製品の数量)

×(***)

(2)ニデックへの割当数量

(2014年にニデックが実際に製造した最終製品の数量)

×(*** )

なお、2015年および2016年についても、同様の方法によるものとする。

 

なお、前述の割当方法は、双方にとっての公平性を確保するために、両者協議に基づき、改訂する場合がある。

 

4. Governing Law and Jurisdiction

第4条(準拠法・裁判管轄)

1. This Amendment shall be governed by and construed
in accordance with the laws of Japan. Japanese text and English text in this Amendment shall have the same force and effect.

2. The parties hereby agree to submit to the exclusive
jurisdiction of the Tokyo District Court of Japan with respect to any matter arising out of or relating to this Amendment or the
Agreements.

1.本変更契約は、日本法に準拠し、日本法に従って解釈される。本変更契約における日本語および英語は、いずれも同等の効力を有する。

2.本変更契約または本件原契約に起因してまたは関連して紛争が生じたときは、東京地方裁判所をもって専属的合意管轄裁判所とする。

  

5. Others

第5条(その他)

1. STAAR SURGICAL jointly guarantees to NIDEK the
full payment, performance and observance by STAAR AG of the terms and conditions to be made, performed or observed by STAAR AG
under the Agreements and this Amendment.

2. Each party will use commercially reasonable efforts
to supply lenses, Injectors or other products ordered by the other party above the minimum purchase quantities set for in this
Amendment. Except as otherwise amended hereby, the Agreements remain unmodified and continue in full force and effect.

1.スター サージカルは、本件原契約および本変更契約に基づき、スターAGによって支払われ履行され遵守されるべき条件を、スターAGが完全に支払い履行し遵守することを、ニデックに対し、連帯して保証する。

2.いずれの契約当事者も、相手方から本変更契約に定める最低購入数量を超えるレンズ、インジェクターまたはその他の製品の注文を受けた場合、当該インジェクターまたは製品を供給するために、商業的に見て合理的な努力を尽くすものとする。本変更契約による定めを除き、本件原契約に変更はないものとし、本件原契約に定める通り、有効に存続するものとする。

 

    	 

    	 

    

 

 

IN WITNESS WHEREOF, the parties have caused this Amendment to
be executed on the date first above written.

以上、本変更契約の当事者は、本変更契約の冒頭に記載された日付において、本変更契約を締結し署名する。

 

	 	STAAR Surgical AG	 
	 	ー サージカル  AG	 

 

	 	By:	 	 
	 	Name:   	Hans Blickensdoerfer	 
	 	氏名: 	ハンス ブリッケンスドーファー	 
	 	Title: 	President Europe, Middle East, Latin America	 
	 	役職: 	欧州 中東 ラテンアメリカ 代表	 

 

	 	NIDEK CO., LTD.	 
	 	株式会社ニデック	 

 

	 	By:	 	 
	 	Name:  	Tsuneo Matsuhisa	 
	 	氏名: 	松久 恒夫 	 
	 	Title: 	Senior Managing Director and Executive Manager, Eye Care Division 	 
	 	役職: 	専務取締役 アイケア事業部長	 

  

Seen and accepted:

上記を確認し、同意します。

STAAR Surgical Company (STAA)

スター サージカル
カンパニー

 

	By: 		

Name: Barry Caldwell

氏名: バリー コールドウェル

Title: Chief Executive Officer

役職: 最高経営責任者

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