Document:

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EXHIBIT 10.4

                         SUBORDINATED SECURED DEBENTURE

THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND ARE BEING OFFERED AND SOLD
IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF SUCH LAWS. THE
SECURITIES ARE SUBJECT TO RESTRICTIONS OF TRANSFERABILITY AND RESALE AND MAY NOT
BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER SUCH LAWS PURSUANT TO
REGISTRATION OR AN EXEMPTION THEREFROM. THE SECURITIES HAVE NOT BEEN APPROVED OR
DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY OTHER REGULATORY
AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE
MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THE OFFERING MATERIALS.
ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

ISSUANCE DATE                                               April 1, 2003
DEBENTURE DUE                                               December 31, 2007
AMOUNT                                                      up to $2,500,000.00

         WHEREAS, this Subordinated Secured Debenture (the "Debenture") is
entered into by and among WinWin, Inc., a Nevada corporation ("WinWin"), WinWin
Acquisition Corp., a Nevada corporation ("Acquisition"), WinWin Gaming, Inc., a
Delaware corporation ("Gaming" or the "Company") and Arthur Petrie.

         FOR VALUE RECEIVED, WinWin Gaming, Inc. (the "Company"), hereby
promises to pay ARTHUR PETRIE, on December 31, 2006 (the "Maturity Date"), a
principal amount equal to up to Two Million Five Hundred Thousand Dollars
($2,500,000), and to pay interest on the principal amount hereof, in such
amounts, at such times and on such terms and conditions as are specified herein.
The principal amount of this Debenture shall be evidenced by written addendums,
signed by the Company, to be issued upon receipt of advances made from time to
time by Arthur Petrie. WinWin and Acquisition hereby guarantee full payment and
performance of the obligations of the Company hereunder.

Article 1. INTEREST

         The Debenture shall accrue interest at the rate of Ten Percent (10%)
per annum, payable at maturity, until the principal amount hereof is paid in
full or has been converted.

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Article 2. METHOD OF PAYMENT

         The Company may draw a check for the payment of interest to the order
of the Holder of this Debenture and mail it to the Holder's address as shown on
the Register (as defined in Section 7.2 below).

Article 3.  CONVERSION

         Section 3.1.  CONVERSION PRIVILEGE

         (a) The Holder of this Debenture shall have the right, at its option,
to convert this Debenture into shares of the common stock of WinWin Gaming,
Inc., the Company's parent corporation, $0.01 par value (the "Common Stock") at
any time following June 30, 2004, and then only after not less than ninety (90)
days prior notice to the Company, unless such notice period is waived by the
Company. The number of shares of Common Stock issuable upon the conversion of
this Debenture is determined pursuant to Section 3.2 and rounding the result to
the nearest whole share.

         (b) Less than all of the principal amount of this Debenture may be
converted into Common Stock if the portion converted is $1,000 or a whole
multiple of $1,000 and the provisions of this Article 3 that apply to the
conversion of all of the Debenture shall also apply to the conversion of a
portion of it. This Debenture may not be converted, whether in whole or in part,
except in accordance with Article 3.

         Section 3.2.  CONVERSION PROCEDURE.

         (a) DEBENTURES. Subject to Section 3.2(I), after having received not
less than ninety (90) days prior notice of Holder's intent to purchase (which
notice shall not in any event obligate the Holder to convert any portion of this
Debenture), upon the Company's receipt of a facsimile or original of Holder's
duly completed and signed Notice of Conversion (a copy of which is attached
hereto as Exhibit A), the Company shall instruct its transfer agent to issue one
or more Certificates representing that number of shares of Common Stock into
which the Debentures are convertible in accordance with the provisions regarding
conversion. The Company's transfer agent or attorney shall act as Registrar and
shall maintain an appropriate ledger containing the necessary information with
respect to each Debenture.

         (b) CONVERSION DATE. Such conversion shall be effectuated by
surrendering to the Company, or its attorney, the Debentures (or a copy thereof
if the Holder certifies that the original has been lost or destroyed) to be
converted together with a facsimile or original of the signed Notice of
Conversion. The date on which the Notice of Conversion is effective ("Conversion
Date") shall be deemed to be the date on which the Holder has delivered to the
Company a facsimile or original of the signed Notice of Conversion, as long as
the original Debentures to be converted are received by the Company or its
designated attorney within 3 business days thereafter, and so long as the time
limitations set forth in Section 3.1(a) have been satisfied. As long as the
Debentures to be converted are received by the Company within 3 business days
after it receives a facsimile or original of the signed Notice of Conversion,
the Company shall deliver to the Holder, or per the Holder's instructions, the
shares of Common Stock within 5 business days of receipt of the Debentures to be
converted.

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         (c) COMMON STOCK TO BE ISSUED. Subject to the time limitations set
forth in Section 3.2(a) above, upon the conversion of any Debentures and upon
receipt by the Company or its attorney of a facsimile or original of Holder's
signed Notice of Conversion, Company shall instruct Company's transfer agent to
issue Stock Certificates in the name of Holder (or its nominee) and in such
denominations to be specified at conversion representing the number of shares of
Common Stock issuable upon such conversion, as applicable. Company warrants that
no instructions, other than these instructions, have been given or will be given
to the transfer agent and that the Common Stock shall otherwise be freely
transferable on the books and records of Company.

         (d) CONVERSION RATE. Subject to the time limitations set forth in
Section 3.1(a), Holder is entitled to convert this Debenture, plus accrued
interest, into Common Stock of the Company at 100% of the averaged closing
prices for the Company's Common Stock for the twenty (20) trading days
immediately preceding the Conversion Date (each being referred to as the
"Conversion Price"). No fractional shares or scrip representing fractions of
shares will be issued on conversion, but the number of shares issuable shall be
rounded up or down, as the case may be, to the nearest whole share.

         (e) Nothing contained in this Debenture shall be deemed to establish or
require the payment of interest to the Holder at a rate in excess of the maximum
rate permitted by governing law. In the event that the rate of interest required
to be paid exceeds the maximum rate permitted by governing law, the rate of
interest required to be paid thereunder shall be automatically reduced to the
maximum rate permitted under the governing law and such excess shall be returned
with reasonable promptness by the Holder to the Company.

         (f) It shall be the Company's responsibility to take all necessary
actions and to bear all such costs to issue certificates for the Common Stock as
provided herein, including the responsibility and cost for delivery of an
opinion letter to the transfer agent, if so required. The person in whose name
the certificate of Common Stock is to be registered shall be treated as a
shareholder of record on and after the conversion date. Upon surrender of any
Debentures that are to be converted in part, the Company shall issue to the
Holder new Debentures representing the unconverted amount, if so requested by
Holder.

         Section 3.3. COMPANY TO RESERVE STOCK. The Company shall reserve the
number of shares of Common Stock required pursuant to and upon the terms set
forth in the Subscription Agreement, to permit the conversion of this Debenture.
All shares of Common Stock which may be issued upon the conversion hereof shall
upon issuance be validly issued, fully paid and nonassessable and free from all
taxes, liens and charges with respect to the issuance thereof.

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         Section 3.4. RESTRICTIONS ON TRANSFER. This Debenture has not been
registered under the Securities Act of 1933, as amended, (the "Act") and is
being issued under Section 4(2) of the Act and Rule 506 of Regulation D
promulgated under the Act. This Debenture and the Common Stock issuable upon the
conversion thereof may only be offered or sold pursuant to registration under or
an exemption from the Act.

         Section 3.5. MERGERS, ETC. If the Company merges or consolidates with
another corporation or sells or transfers all or substantially all of its assets
to another person and the holders of the Common Stock are entitled to receive
stock, securities or property in respect of or in exchange for Common Stock,
then as a condition of such merger, consolidation, sale or transfer, the Company
and any such successor, purchaser or transferee shall amend this Debenture to
provide that it may thereafter be converted on the terms and subject to the
conditions set forth above into the kind and amount of stock, securities or
property receivable upon such merger, consolidation, sale or transfer by a
holder of the number of shares of Common Stock into which this Debenture might
have been converted immediately before such merger, consolidation, sale or
transfer, subject to adjustments which shall be as nearly equivalent as may be
practicable to adjustments provided for in this Article 3.

Article 4.  MERGERS

         The Company shall not consolidate or merge into, or transfer all or
substantially all of its assets to, any person, unless such person assumes in
writing the obligations of the Company under this Debenture and immediately
after such transaction no Event of Default exists. Any reference herein to the
Company shall refer to such surviving or transferee corporation and the
obligations of the Company shall terminate upon such written assumption.

Article 5.  REPORTS

         The Company will maintain its status as a public company listed on the
Nasdaq OTC Bulletin Board, or such other exchange as may be deemed advisable by
the Board of Directors, and shall timely file any and all annual, quarterly or
other report or proxy statement that required under applicable federal
securities laws with the United States Securities and Exchange Commission.

Article 6.  DEFAULTS AND REMEDIES

         Section 6.1. EVENTS OF DEFAULT. An "Event of Default" occurs if (a) the
Company does not make the payment of the principal of this Debenture when the
same becomes due and payable at maturity, upon redemption or otherwise, (b) the
Company does not make a payment, other than a payment of principal, for a period
of five (5) business days thereafter, (c) any of the Company's representations
or warranties contained in this Debenture or in the related Security Agreement
dated the date hereof were false when made or the Company fails to comply with
any of its other agreements in this Debenture and such failure continues for the
period and after the notice specified below, (d) the Company's parent
corporation, WinWin Gaming, Inc., shall have its common stock suspended or

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delisted from any exchange or the over-the-counter market from trading for in
excess of five (5) consecutive trading days, (e) the Company or its parent
corporation, WinWin Gaming, Inc., pursuant to or within the meaning of any
Bankruptcy Law (as hereinafter defined): (i) commences a voluntary case; (ii)
consents to the entry of an order for relief against it in an involuntary case;
(iii) consents to the appointment of a Custodian (as hereinafter defined) of it
or for all or substantially all of its property or (iv) makes a general
assignment for the benefit of its creditors or (v) a court of competent
jurisdiction enters an order or decree under any Bankruptcy Law that: (A) is for
relief against the Company in an involuntary case; (B) appoints a Custodian of
the Company or for all or substantially all of its property or (C) orders the
liquidation of the Company, and the order or decree remains unstayed and in
effect for 60 days, (f) the Common Stock is no longer listed on any recognized
exchange including electronic over-the-counter bulletin board, or (g) any
creditor of WinWin Gaming, Inc, or any of its subsidiaries or affiliates
existing prior to the date hereof, seeks to attach the capital stock of WinWin,
Inc. which is part of the collateral that secures performance of this Debenture,
or the capital stock of WinWin Acquisition Corp., which is also a part of the
collateral that secures performance of this Debenture, or any of their
respective assets, and the Holder determines that there is a reasonable
likelihood that such creditor will be successful. As used in this Section 6.1,
the term "Bankruptcy Law" means Title 11 of the United States Code or any
similar federal or state law for the relief of debtors. The term "Custodian"
means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law. A default under clause (c) above is not an Event of Default
until the holders of at least 25% of the aggregate principal amount of the
Debentures outstanding notify the Company of such default and the Company does
not cure it within five (5) business days after the receipt of such notice,
which must specify the default, demand that it be remedied and state that it is
a "Notice of Default".

         Section 6.2. ACCELERATION. If an Event of Default occurs and is
continuing, the Holder hereof by notice to the Company, may declare the
remaining principal amount of this Debenture, together with all accrued interest
and any liquidated damages, to be due and payable. Upon such declaration, the
remaining principal amount shall be due and payable immediately. In such event,
if the Company is unable to pay such amount, or fails to pay such amount within
five days, the Holders shall have the right to foreclose on the collateral and
retain forever possession and ownership of all of the Company's assets,
including without limitation 100% of the capital stock of WinWin, Inc., as well
as all assets of WinWin and Acquisition, subject to any prior security interests
properly perfected.

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Article 7.  REGISTER OF OWNERSHIP OF DEBENTURES

         Section 7.1. RECORD OWNERSHIP. The Company, or its attorney, shall
maintain a register of the holders of the Debentures (the "Register") showing
their names and addresses and the principal amounts of Debentures issued to or
transferred of record by them from time to time. The Register may be maintained
in electronic, magnetic or other computerized form. The Company may treat the
person named as the Holder of this Debenture in the Register as the sole owner
of this Debenture. The Holder of this Debenture is the person exclusively
entitled to receive payments of interest on this Debenture, receive
notifications with respect to this Debenture, convert it into Common Stock and
otherwise exercise all of the rights and powers as the absolute owner hereof.
Unless and until notified to the contrary by the Representatives, the
Representatives shall have full power and authority to act on behalf of all of
the beneficial owners of the Debenture, including all of the Exchanging
Shareholders and any of their respective transferees, and shall have the right
to agree with the Company to modify, amend or waive any provision or this
Debenture, and to exercise any right permitted to be exercised by the Holders
hereof, including the right to convert the Debenture into common stock of WinWin
Gaming, Inc.

         Section 7.2. REGISTRATION OF TRANSFER. Transfers of this Debenture may
be registered on the books of the Company maintained for such purpose pursuant
to Section 7.1 above (i.e., the Register), but only so long as such transfer is
in compliance with all applicable federal and state securities laws, it being
understood that the sale of this Debenture has not been registered under the
Securities Act of 1933, as amended. Transfers shall be registered when this
Debenture is presented to the Company with a request to register the transfer
hereof and the Debenture is duly endorsed by the appropriate person, reasonable
assurances are given that the endorsements are genuine and effective, and the
Company has received evidence satisfactory to it that such transfer is rightful
and in compliance with all applicable laws, including tax laws and state and
federal securities laws. When this Debenture is presented for transfer and duly
transferred hereunder, it shall be canceled and a new Debenture showing the name
of the transferee as the record holder thereof shall be issued in lieu hereof.
When this Debenture is presented to the Company with a reasonable request to
exchange it for an equal principal amount of Debentures of other denominations,
the Company shall make such exchange and shall cancel this Debenture and issue
in lieu thereof Debentures having a total principal amount equal to this
Debenture in such denominations as agreed to by the Company and Holder.

         Section 7.3. LOST DEBENTURES. If this Debenture becomes defaced or
mutilated but is still substantially intact and recognizable, the Company or its
agent may issue a new Debenture in lieu hereof upon its surrender. Where the
Holder of this Debenture claims that the Debenture has been lost, destroyed or
wrongfully taken, the Company shall issue a new Debenture in place of the
original Debenture if the Holder so requests by written notice to the Company
actually received by the Company before it is notified that the Debenture has
been acquired by a bona fide purchaser and the Holder has delivered to the
Company an indemnity bond in such amount and issued by such surety as the
Company deems satisfactory together with an affidavit of the Holder setting
forth the facts concerning such loss, destruction or wrongful taking and such
other information in such form with such proof or verification as the Company
may request.

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Article 9.  NOTICES

         Any notice which is required or convenient under the terms of this
Debenture shall be duly given if it is in writing and delivered in person or
mailed by first class mail, postage prepaid and directed to the Holder of the
Debenture at its address as it appears on the Register or if to the Company to
its principal executive offices. The time when such notice is sent shall be the
time of the giving of the notice.

Article 10.  TIME

         Where this Debenture authorizes or requires the payment of money or the
performance of a condition or obligation on a Saturday or Sunday or a public
holiday, or authorizes or requires the payment of money or the performance of a
condition or obligation within, before or after a period of time computed from a
certain date, and such period of time ends on a Saturday or a Sunday or a public
holiday, such payment may be made or condition or obligation performed on the
next succeeding business day, and if the period ends at a specified hour, such
payment may be made or condition performed, at or before the same hour of such
next succeeding business day, with the same force and effect as if made or
performed in accordance with the terms of this Debenture. A "business day" shall
mean a day on which the banks in California are not required or allowed to be
closed.

Article 11.  WAIVERS

         The Representatives, or either Representative alone, may waive a
default or rescind the declaration of an Event of Default and its consequences.

Article 12.  RULES OF CONSTRUCTION

         In this Debenture, unless the context otherwise requires, words in the
singular number include the plural, and in the plural include the singular, and
words of the masculine gender include the feminine and the neuter, and when the
sense so indicates, words of the neuter gender may refer to any gender. The
numbers and titles of sections contained in the Debenture are inserted for
convenience of reference only, and they neither form a part of this Debenture
nor are they to be used in the construction or interpretation hereof. Wherever,
in this Debenture, a determination of the Company is required or allowed, such
determination shall be made by a majority of the Board of Directors of the
Company and if it is made in good faith, it shall be conclusive and binding upon
the Company and the Holder of this Debenture.

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Article 13.  GOVERNING LAW

         The validity, terms, performance and enforcement of this Debenture
shall be governed and construed by the provisions hereof and in accordance with
the laws of the State of California applicable to agreements that are
negotiated, executed, delivered and performed solely in the State of California.
The prevailing party in any dispute arising hereunder shall be entitled to
recover all of its reasonable attorney's fees and costs of defense, prosecution
or litigation.

Article 14. LITIGATION

         (a) FORUM SELECTION AND CONSENT TO JURISDICTION. Any litigation based
thereon, or arising out of, under, or in connection with, this agreement or any
course of conduct, course of dealing, statements (whether oral or written) or
actions of the Company or Holder shall be brought and maintained exclusively in
the state or federal courts of the State of California, city of Los Angeles. The
Company hereby expressly and irrevocably submits to the jurisdiction of the
state and federal courts of the State of California, city of Los Angeles, for
the purpose of any such litigation as set forth above and irrevocably agrees to
be bound by any final judgment rendered thereby in connection with such
litigation. The Company further irrevocably consents to the service of process
by registered mail, postage prepaid, or by personal service within or without
the State of California. The Company hereby expressly and irrevocably waives, to
the fullest extent permitted by law, any objection which it may have or
hereafter may have to the laying of venue of any such litigation brought in any
such court referred to above and any claim that any such litigation has been
brought in any inconvenient forum. To the extent that the Company has or
hereafter may acquire any immunity from jurisdiction of any court or from any
legal process (whether through service or notice, attachment prior to judgment,
attachment in aid of execution or otherwise) with respect to itself or its
property, the Company hereby irrevocably waives such immunity in respect of its
obligations under this agreement and the other loan documents.

         (b) WAIVER OF JURY TRIAL. The Holder and the Company hereby knowingly,
voluntarily and intentionally waive any rights they may have to a trial by jury
in respect of any litigation based hereon, or arising out of, under, or in
connection with, this agreement, or any course of conduct, course of dealing,
statements (whether oral or written) or actions of the Holder or the Company.
The Company acknowledges and agrees that it has received full and sufficient
consideration for this provision and that this provision is a material
inducement for the Holder entering into this agreement.

         (c) SUBMISSION TO JURISDICTION. Any legal action or proceeding in
connection with this Debenture or the performance hereof must be brought in the
federal courts located in the State of California and the parties hereby
irrevocably submit to the exclusive jurisdiction of such courts for the purpose
of any such action or proceeding.

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         IN WITNESS WHEREOF, the Company has duly executed this Debenture as of
the date first written above.

WinWin Gaming, Inc.                         WinWin Acquisition Corp.,
a Delaware corporation                      a Nevada corporation

By /s/ Benjamin Perry                       By: /s/ Benjamin Perry
   -----------------------------                --------------------------------
   Benjamin Perry, President                    Benjamin Perry, President

By /s/ Patrick Rogers                       By: /s/ Patrick Rogers
   -----------------------------                --------------------------------
   Patrick Rogers, Secretary                    Patrick Rogers, Secretary

WinWin, Inc.
a Nevada corporation

By /s/ Benjamin Perry
   -----------------------------
Benjamin Perry, President

By /s/ Patrick Rogers
   -----------------------------
Patrick Rogers, Secretary

Arthur Petrie

/s/ Arthur Petrie
--------------------------------
Arthur Petrie

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                                    Exhibit A

                              NOTICE OF CONVERSION
                              --------------------

                   (To be Executed by the Registered Holder in order to Convert
the Debentures.)

         The undersigned hereby irrevocably elects, as of ______________, 200 to
convert $_________________ of the Debentures into Shares of Common Stock (the
"Shares") of JUNUM INCORPORATED (the "Company").

Date of Conversion__________________________________________

Applicable Conversion Price_________________________________

Number of Shares Issuable upon this conversion______________

Signature___________________________________________________
                           [Name]
Address_____________________________________________________

____________________________________________________________

Phone______________________   Fax___________________________

                             Assignment of Debenture

The undersigned hereby sell(s) and assign(s) and transfer(s) unto

                  (name, address and SSN or EIN of assignee)

                                                   DOLLARS ($                )
                                                            -------------------
(principal amount of Debenture, $1,000 or integral multiples of $1,000)

of principal amount of this Debenture together with all accrued and unpaid
interest hereon.

Date: _______________ Signed: __________________________________________________
                                        (Signature must conform in all
                                        respects to name of Holder shown
                                        of face of Debenture)

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EXHIBIT 10.5

                         SUBORDINATED SECURITY AGREEMENT

                  THIS SUBORDINATED SECURITY AGREEMENT is dated as of April 1,
2003, by and between WinWin Gaming, Inc., a Delaware corporation ("Borrower" and
sometimes referred to herein as the "Grantor"), WinWin Acquisition Corp., a
Nevada corporation (the "First GUARANTOR"), WinWin, Inc., a Nevada corporation
(the "Second Guarantor," and, together with the First Guarantor, the
"Guarantor") and Arthur Petrie (the "Lender"). This Subordinated Security
Agreement (the "Security Agreement") is entered into and delivered pursuant to
that certain Subordinated Secured Debenture of Borrower dated as of the date
hereof (the "Debenture"), as such Debenture may be amended, modified or
supplemented from time to time, between the Grantor and the Lender
(collectively, the "Loans").

                  The parties acknowledge the following facts and circumstances:

                  The Lender, at the request of the Guarantor and Borrower, has
agreed to advance funds to the Borrower through the purchase of the Debenture.
The Lender has required, to induce him to enter into the transactions set forth
in herein and in the Debenture, that Borrower and the Guarantor secure their
respective obligations to the Lender under the Debenture and this Security
Agreement (together, the "Loan Documents"), by granting to the Lender a first
priority, perfected security interest in and to all of the assets of Borrower
and Guarantor, as well as a subordinated perfected security interest in all
assets that are presently secured pursuant to that certain Senior Secured
Debenture dated as of March 31, 2003, including, without limitation, all of the
capital stock of WinWin Acquisition Corp. and WinWin, Inc.

                  Accordingly, the Grantor and the Lender hereby agree as
follows:

1. DEFINITIONS OF TERMS USED HEREIN. As used herein, the following terms shall
have the following meanings:

         (a) "CASH" means any cash on hand, cash in bank or other accounts,
readily marketable securities, and other cash-equivalent liquid assets of any
nature.

         (b) "COLLATERAL" means all (i) Cash, (ii) Accounts Receivable, (iii)
Documents, (iv) Equipment, (v) General Intangibles, (vi) Inventory, (vii) all
right, title and interest in any and all assets, (viii) all Intellectual
Property Rights, (viii) all capital stock of WinWin, Inc. and WinWin Acquisition
Corp., and (ix) Proceeds.

         (c) "CONTRACT" means any written or oral contract, agreement,
instrument, order, arrangement, commitment or understanding of any nature,
including sales orders, purchase orders, leases, subleases, data processing
agreements, maintenance agreements, license agreements, sublicense agreements,
loan agreements, promissory notes, security agreements, pledge agreements,
deeds, mortgages, guaranties, indemnities, warranties, employment agreements,
consulting agreements, sales representative agreements, joint venture
agreements, buy-sell agreements, options or warrants, and any license or permit
to operate any particular business or conduct any specified activity.

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         (d) "DOCUMENTS" means all instruments, files, records, ledger sheets
and documents covering or relating to any of the Collateral.

         (e) "EQUIPMENT" means all of the Grantor's machinery, equipment,
vehicles, furniture and fixtures and all attachments, accessories and equipment
now or hereafter owned or acquired in the Grantor's business or used in
connection therewith, and all substitutions and replacements thereof, wherever
located, whether now owned or hereafter acquired by the Grantor.

         (f) "FINANCIAL OBLIGATIONS" means any debt, liability or obligation of
any nature, whether secured, unsecured, recourse, no recourse, liquidated,
unliquidated, accrued, absolute, fixed, contingent, ascertained, unascertained,
known, unknown or otherwise.

         (g) "GENERAL INTANGIBLES" means all of the Grantor's present and future
general intangibles of every kind and description, including (without
limitation) Intellectual Property Rights, patents, patent applications, trade
names and trademarks and the goodwill of the business symbolized thereby,
Federal, State and local tax refund claims of all kinds; and all contract rights
of the Grantor, including, without limitation, the Contracts.

         (h) "INTELLECTUAL PROPERTY RIGHTS" shall mean all rights and interests
(throughout the universe, in all media, now existing or created in the future,
and for the entire duration of such rights) arising under statutory or common
law, contract, or otherwise, and whether or not perfected, including, without
limitation all: (i) copyrights, and all registrations, applications for
registration and licenses therefore, together with ancillary rights thereto;
(ii) trademarks, trade names, service marks, service names, domain names,
published telephone numbers, logos, slogans and any abbreviations or variations
thereto, and all registrations, applications for registration and licenses
therefore, and any attendant goodwill together with all ancillary rights
thereto; (iii) issued or pending patents and all registrations, applications for
registration, reissues, divisions, continuations, continuations-in-part,
renewals and extensions thereof and licenses therefore, together with all
ancillary rights thereto; (iv) trade secrets and know-how, designs,
improvements, formulae, discoveries, inventions, concepts, ideas, scientific or
other technical information and procedures, legal, financial or business
affairs, markets, products, key personnel, suppliers, customers, prospective
customers, policies or operational methods, plans for future development, other
information possessed which is not readily available to the public, and all
copies of the foregoing, regardless of form; (v) the Software, except for third
party Software linked to or accessible through a website or located on third
party websites; and (vi) all contracts with government or commercial agencies
and all licenses, permits, filings, authorizations, approvals, or indicia of
authority issued by any government branch, department, commission, board,
bureau, agency or other instrumentality of the United States, any foreign
government or any state of political subdivision thereof.

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         (i) "INVENTORY" means all of the Grantor's raw materials, work in
process, finished goods and all other inventory (as such term is defined in the
Uniform Commercial Code), whether now owned or hereafter acquired, and all
wrapping, packaging, advertising and shipping materials, and any documents
relating thereto.

         (j) "OBLIGATIONS" mean all obligations of Borrower to Lender,
including, without limitation, (a) the due and punctual payment of the principal
of and interest on the Loans, when and as due, whether at maturity, by
acceleration, upon one or more dates set for prepayment or otherwise and (b) the
due and punctual performance of all obligations of the Grantor at any time and
from time to time under any of the Loan Documents.

         (k) "PROCEEDS" means any consideration received from the sale,
exchange, lease or other disposition of any asset or property which constitutes
Collateral, any other value received as a consequence of the possession of any
Collateral and any payment received from any insurer or other person or entity
as a result of the destruction, loss, theft or other involuntary conversion of
whatever nature of any asset or property that constitutes Collateral, and shall
include, without limitation, all cash and negotiable instruments received or
held by the Lender pursuant to any lockbox or similar arrangement relating to
the payment of Accounts Receivable.

         (l) "SOFTWARE" means any computer program, operating system,
applications system, firmware or software of any nature, whether operational,
under development or inactive, including all HTML code, CGI scripts, Java
applets, digital content, programming, documentation, network configurations, a
reasonably detailed description of the process required to build such computer
software, any proprietary tools or files owned that are required to build such
computer software, as well as a description of all tools and files not owned
that are required to build such computer software and any modifications,
enhancements, improvements, updates, upgrades, new releases, revisions,
refinements or revisions thereto, whether in analog, digital, source code,
object code, or other form, in each case to the extent required for or used in
the performance of the business as conducted in the past or as currently
conducted, object code, source code, databases, technical manuals, user manuals
and other documentation therefore, whether in machine-readable form, programming
language or any other language or symbols, and whether stored, encoded, recorded
or written on disk, tape, film, memory device, paper or other media of any
nature.

2. SECURITY INTERESTS. As security for the payment or performance, as the case
may be, of the Obligations, each of the Borrower and the Guarantors, jointly and
severally, hereby creates and grants to the Lender, its successors and its
assigns, a security interest in the Collateral (the "SECURITY INTEREST").
Without limiting the foregoing, the Lender is hereby authorized to file one or
more financing statements, continuation statements or other documents for the
purpose of perfecting, confirming, continuing, enforcing or protecting its
Security Interest in the Collateral, naming the Grantor, and each Guarantor, as
debtor and the Lender as secured party. The Grantor agrees at all times to keep
in all material respects accurate and complete accounting records with respect
to the Collateral, including, but not limited to, a record of all payments and
Proceeds received. This Security Interest shall be subordinated only to those
Secured Creditors with properly perfected secured liens against the Collateral,
or any portion of the Collateral but only to the extent of such portion of the
Collateral, so long as such liens were properly perfected prior to the date
hereof. For purposes hereof, the security interest created pursuant to that
certain Amended and Restated Security Agreement dated as of March 31, 2003 shall
be deemed to be senior to the Security Interest, so long as such security
interest shall not be determined by a court of competent jurisdiction to be
invalid or not properly perfected.

                                       3
<PAGE>

3. Each Guarantor represents and warrants to Lender as of the date of this
Agreement, and covenants with Lender, that it shall pay any liability of
Borrower to Lender. Any breach or failure of any of the representations,
warranties and covenants contained in this Agreement shall be a breach of this
Security Agreement and the Loan Documents.

4. FURTHER ASSURANCES. The Grantor agrees, at its expense, to execute,
acknowledge, deliver and cause to be duly filed all such further instruments and
documents and take all such actions as the Lender may from time to time
reasonably request for the assuring and preserving of the Security Interest and
the rights and remedies created hereby, including, without limitation, the
payment of any fees and taxes required in connection with the execution and
delivery of this Agreement, the granting of the Security Interest and the filing
of any financing statements or other documents in connection herewith. If any
amount payable under or in connection with any of the Collateral shall be or
become evidenced by any promissory note or other instrument, such note or
instrument shall be promptly pledged and delivered to the Lender, duly endorsed
in a manner satisfactory to the Lender. The Grantor agrees to notify promptly
the Lender of any change in its corporate name or in the location of its chief
executive office, its chief place of business or the office where it keeps its
records relating to the Accounts Receivable owned by it and the location of any
Equipment. The Grantor agrees promptly to notify the Lender if any material
portion of the Collateral is damaged or destroyed.

5. INSPECTION AND VERIFICATION. The Lender and such persons as the Lender may
designate shall have the right, at any reasonable time or times during the
Grantor's usual business hours, and upon reasonable notice (which may be
telephonic), to inspect the Collateral owned by the Grantor, all records related
thereto (and to make extracts and copies from such records), and the premises
upon which any such Collateral is located, to discuss the Grantor's affairs with
the officers of the Grantor and its independent accountants and to verify under
reasonable procedures the validity, amount, quality, quantity, value, and
condition of or any other matter relating to, such Collateral, including, in the
case of Accounts Receivable or Collateral in the possession of a third person,
contacting account debtors and upon the occurrence of an Event of Default or a
third person possessing such Collateral for the purpose of making such a
verification.

6. TAXES; ENCUMBRANCES. At its option, the Lender may discharge past due taxes,
liens, security interests or other encumbrances at any time levied or placed on
the Collateral and not permitted under the Loan Documents, and may pay for the
maintenance and preservation of the Collateral to the extent a Grantor fails to
do so as required by the Loan Documents, and the Grantor agrees to reimburse the
Lender on demand for any payment made or any expense incurred by it pursuant to
the foregoing authorization; PROVIDED, HOWEVER, that nothing in this Section 6
shall be interpreted as excusing the Grantor from the performance of any
covenants or other promises with respect to taxes, liens, Security Interests or
other encumbrances and maintenance as set forth herein or in the Loan Documents.

                                       4
<PAGE>

7. ASSIGNMENT OF SECURITY INTEREST. If at any time the Grantor shall take and
perfect a security interest in any property of an account debtor or any other
person to secure payment and performance of an Account Receivable, the Grantor
shall promptly assign such security interest to the Lender. Such assignment need
not be filed of public record unless necessary to continue the perfected status
of the security interest against creditors of and transferees from the account
debtor or other person granting the security interest.

8. REPRESENTATIONS AND WARRANTIES. The Grantor represents and warrants to the
Lender that:

         (a) TITLE AND AUTHORITY. It has (i) rights, interest in and to the
Collateral in which it is granting a security interest hereunder and (ii) the
requisite power and authority to grant to the Lender the Security Interest in
such Collateral pursuant hereto and to execute, deliver and perform its
obligations in accordance with the terms of this Agreement, without the consent
or approval of any other person other than any consent or approval which has
been obtained.

         (b) FILING. Fully executed Uniform Commercial Code financing statements
and other such documents as may be necessary containing a description of the
Collateral shall have been, or shall be delivered to the Lender in a form such
that they can be, filed of record in every governmental, municipal or other
office in every jurisdiction in which any portion of the Collateral is located
necessary to publish notice of and protect the validity of and to establish a
valid, legal and perfected security interest in favor of the Lender in respect
of the Collateral in which a security interest may be perfected by filing in the
United States and its territories and possessions, and no further or subsequent
filing, refiling, recording, rerecording, registration or reregistration is
necessary in any such jurisdiction, except as provided under applicable law with
respect to the filing of Uniform Commercial Code continuation statements.

         (c) VALIDITY OF SECURITY INTEREST. The Security Interest constitutes a
valid, legal and perfected first priority security interest in all of the
Collateral for payment and performance of the Obligations.

         (d) INFORMATION REGARDING NAMES. It has disclosed in writing to the
Lender any trade names used to identify it in its business or in the ownership
of its properties.

         (e) SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations and
warranties of the Grantor contained in this Agreement shall survive the
execution, delivery and performance of this Agreement until the termination of
this Agreement.

9. CONTINUING OBLIGATIONS OF THE GRANTOR. The Grantor shall remain liable to
observe and perform all the conditions and obligations to be observed and
performed by it under each contract, agreement, interest or obligation relating
to the Collateral, all in accordance with the terms and conditions thereof, and
shall indemnify and hold harmless the Lender from any and all such liabilities.

                                       5
<PAGE>

10. USE AND DISPOSITION OF COLLATERAL. Without the prior written consent of
Lender, the Grantor shall not make nor permit to be made any sale, transfer,
assignment, pledge or hypothecation of the Collateral, or grant any security
interest in the Collateral except for the Security Interest granted herein. The
Grantor shall not make nor permit to be made any transfer of any Collateral, and
the Lender shall remain at all times in possession of the Collateral.

11. REMEDIES UPON DEFAULT. Upon the occurrence and during the continuance of an
Event of Default, the Grantor agrees to deliver each item of Collateral to the
Lender on demand, and it is agreed that the Lender shall have the right to take
any or all of the following actions at the same or different times: with or
without legal process and with or without previous notice or demand for
performance, to take possession of the Collateral and without liability for
trespass (except for actual damage caused by the Lender's gross negligence or
willful misconduct) to enter any premises where the Collateral may be located
for the purpose of taking possession of or removing the Collateral and,
generally, to exercise any and all rights afforded to a secured party under, and
subject to its obligations contained in, the Uniform Commercial Code as in
effect in any state or other applicable law. Without limiting the generality of
the foregoing, the Grantor agrees that the Lender shall have the right, subject
to the mandatory requirements of applicable law, to sell or otherwise dispose of
all or any part of the Collateral, at public or private sale or at any broker's
board or on any securities exchange, for cash, upon credit or for future
delivery as the Lender shall deem appropriate. Each such purchaser at any such
sale shall hold the property sold absolutely free from any claim or right on the
part of the Grantor, and the Grantor hereby waives (to the extent permitted by
law) all rights of redemption, stay and appraisal which the Grantor now has or
may at any time in the future have under any rule of law or statute now existing
or hereafter enacted. Without limiting the foregoing, upon the occurrence and
during the continuance of an Event of Default, immediately upon Lender's demand
Grantor shall transfer all Collateral in its possession, including but not
limited to all proceeds of Collateral, to Lender, and shall execute all
documents reasonably requested by Lender to effectuate the transfer of such
Collateral to Lender.

12. The Lender shall give the Grantor ten (10) days' written notice (which the
Grantor agrees is reasonable notice) of the Lender's intention to make any sale
of Collateral. Such notice, in the case of a public sale, shall state the time
and place for such sale and, in the case of a sale at a broker's board or on a
securities exchange, shall state the board or exchange at which such sale is to
be made and the day on which the Collateral, or portion thereof, will first be
offered for sale at such board or exchange. Any such public sale shall be held
at such time or times within ordinary business hours and at such place or places
as the Lender may fix and state in the notice (if any) of such sale. At any such
sale, the Collateral, or portion thereof, to be sold may be sold in one lot as
an entirety or in separate parcels, as the Lender may (in its sole and absolute
discretion) determine. The Lender shall not be obligated to make any sale of any
Collateral if it shall determine not to do so, regardless of the fact that
notice of sale of such Collateral shall have been given. The Lender may, without
notice or publication, adjourn any public or private sale or cause the same to
be adjourned from time to time by announcement at the time and place fixed for
sale, and such sale may, without further notice, be made at the time and place
to which the same was so adjourned. In case any sale of all or any part of the
Collateral is made on credit or for future delivery, the Collateral so sold may
be retained by the Lender until the sale price is paid by the purchaser or

                                       6
<PAGE>

purchasers thereof, but the Lender shall not incur any liability in case any
such purchaser or purchasers shall fail to take up and pay for the Collateral so
sold and, in case of any such failure, such Collateral may be sold again upon
like notice. At any public sale made pursuant to this Section 12, the Lender may
bid for or purchase, free (to the extent permitted by law) from any right of
redemption, stay or appraisal on the part of the Grantor (all said rights being
also hereby waived and released to the extent permitted by law), with respect to
the Collateral or any part thereof offered for sale and the Lender may make
payment on account thereof by using any claim then due and payable to the Lender
from the Grantor as a credit against the purchase price, and the Lender may,
upon compliance with the terms of sale, hold, retain and dispose of such
property without further accountability to the Grantor therefore. For purposes
hereof, a written agreement to purchase the Collateral or any portion thereof
shall be treated as a sale thereof; the Lender shall be free to carry out such
sale and purchase pursuant to such agreement, and the Grantor shall not be
entitled to the return of the Collateral or any portion thereof subject thereto,
notwithstanding the fact that after the Lender shall have entered into such an
agreement all Events of Default shall have been remedied and the Obligations
paid in full. As an alternative to exercising the power of sale herein conferred
upon it, the Lender may proceed by a suit or suits at law or in equity to
foreclose this Agreement and to sell the Collateral or any portion thereof
pursuant to a judgment or decree of a court or courts having competent
jurisdiction or pursuant to a proceeding by a court-appointed receiver. In
addition, if permitted by law, Lender shall have the right to accept the
Collateral as full payment of the Obligations, and shall not have any obligation
to sell the Collateral at public or private sale, so long as no deficiency
judgment is sought by Lender.

13. APPLICATION OF PROCEEDS. The proceeds of any collection or sale of
Collateral, as well as any Collateral consisting of cash, shall be applied by
the Lender as follows:

         (a) FIRST, to the payment of all reasonable costs and expenses incurred
by the Lender in connection with such collection or sale or otherwise in
connection with this Agreement or any of the Obligations, including, but not
limited to, all court costs and the reasonable fees and expenses of its agents
and legal counsel, the repayment of all advances made by the Lender hereunder on
behalf of the Grantor and any other reasonable costs or expenses incurred in
connection with the exercise of any right or remedy hereunder;

         (b) SECOND, to the payment in full of principal and interest in respect
of the Loan then outstanding;

         (c) THIRD, to the payment in full of all Obligations (other than those
referred to above) owed to the Lender; and

         (d) FOURTH, to the Grantor, its successors and assigns, or as a court
of competent jurisdiction may otherwise direct.

14. Upon any sale of the Collateral by the Lender (including, without
limitation, pursuant to a power of sale granted by statute or under a judicial
proceeding), the receipt of the Lender or of the officer making the sale shall
be a sufficient discharge to the purchaser or purchasers of the Collateral so
sold and such purchaser or purchasers shall not be obligated to see to the
application of any part of the purchase money paid over to the Lender or such
officer or be answerable in any way for the misapplication thereof.

                                       7
<PAGE>

15. LOCATIONS OF COLLATERAL; PLACE OF BUSINESS.

         (a) The Grantor hereby represents and warrants that all the Collateral
is located in Nevada. The Grantor agrees not to establish, or permit to be
established, any other location for Collateral unless all filings under the
Uniform Commercial Code as in effect in any state or otherwise which are
required by this Agreement or the Loan Documents to be made with respect to the
Collateral have been made and the Lender has a valid, legal and perfected first
priority security interest in the Collateral.

         (b) The Grantor agrees not to change, or permit to be changed, the
location of its chief executive office unless all filings under the Uniform
Commercial Code or otherwise which are required by this Agreement or the Loan
Documents to be made have been made and the Lender has a valid, legal and
perfected first priority security interest.

16. SECURITY INTEREST ABSOLUTE. All rights of the Lender hereunder, the Security
Interest, and all obligations of the Grantor hereunder, shall be absolute and
unconditional irrespective of (i) any lack of validity or enforceability of the
Loan Documents, any other agreement with respect to any of the Obligations or
any other agreement or instrument relating to any of the foregoing, (ii) any
change in the time, manner or place of payment of, or in any other term of, all
or any of the Obligations, or any other amendment or waiver of or consent to any
departure from the Loan Documents, or any other agreement or instrument, (iii)
any exchange, release or nonperfection of any other Collateral, or any release
or amendment or waiver of or consent to or departure from any guarantee, for all
or any of the Obligations, or (iv) any other circumstance which might otherwise
constitute a defense available to, or discharge of, the Grantor or any other
obligor in respect of the Obligations or in respect of this Agreement.

17. NO WAIVER. No failure on the part of the Lender to exercise, and no delay in
exercising, any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or
remedy by the Lender preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. All remedies hereunder are
cumulative and are not exclusive of any other remedies provided by law. The
Lender shall not be deemed to have waived any rights hereunder or under any
other agreement or instrument unless such waiver shall be in writing and signed
by such parties.

18. LENDER APPOINTED ATTORNEY-IN-FACT. The Grantor hereby appoints the Lender
its attorney-in-fact solely for the purpose of carrying out the provisions of
this Agreement and taking any action and executing any instrument which the
Lender may deem necessary or advisable to accomplish the purposes hereof, which
appointment is irrevocable and coupled with an interest.

                                       8
<PAGE>

19. LENDER'S FEES AND EXPENSES. The Grantor shall be obligated to, upon demand,
pay to the Lender the amount of any and all reasonable expenses, including the
reasonable fees and expenses of its counsel and of any experts or agents which
the Lender may incur in connection with (i) the administration of this
Agreement, (ii) the custody or preservation of, or the sale of, collection from,
or other realization upon, any of the Collateral, (iii) the exercise or
enforcement of any of the rights of the Lender hereunder, or (iv) the failure by
the Grantor to perform or observe any of the provisions hereof. In addition, the
Grantor indemnifies and holds the Lender harmless from and against any and all
liability incurred by the Lender hereunder or in connection herewith, unless
such liability shall be due to the gross negligence or willful misconduct of the
Lender. Any such amounts payable as provided hereunder or thereunder shall be
additional Obligations secured hereby and by the other Security Documents.

20. BINDING AGREEMENT; ASSIGNMENTS. This Agreement, and the terms, covenants and
conditions hereof, shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns, except that the Grantor
shall not be permitted to assign this Agreement or any interest herein or in the
Collateral, or any part thereof, or any cash or property held by the Lender as
Collateral under this Agreement, except as contemplated by this Agreement or the
Loan Documents.

21. GOVERNING LAW. (a) This Agreement shall be construed in accordance with and
governed by the laws of the state of California, except to the extent that the
validity or perfection of the security interest hereunder, or remedies
hereunder, which shall be governed by the appropriate jurisdiction relating to
the specific Collateral itself. Venue for any action under this Agreement or any
of the Loan Documents shall be in the Superior Court located in Los Angeles,
California. The prevailing party in any dispute arising hereunder shall be
entitled to recover all of its reasonable attorney's fees and costs of defense,
prosecution or litigation. The Grantor hereby expressly and irrevocably submits
to the jurisdiction of the state and federal courts of the State of California,
city of Los Angeles, for the purpose of any such litigation as set forth above
and irrevocably agrees to be bound by any final judgment rendered thereby in
connection with such litigation. The Grantor further irrevocably consents to the
service of process by registered mail, postage prepaid, or by personal service
within or without the State of California. The Grantor hereby expressly and
irrevocably waives, to the fullest extent permitted by law, any objection which
it may have or hereafter may have to the laying of venue of any such litigation
brought in any such court referred to above and any claim that any such
litigation has been brought in any inconvenient forum. To the extent that the
Grantor has or hereafter may acquire any immunity from jurisdiction of any court
or from any legal process (whether through service or notice, attachment prior
to judgment, attachment in aid of execution or otherwise) with respect to itself
or its property, the Grantor hereby irrevocably waives such immunity in respect
of its obligations under this agreement and the other Loan Documents.

         (b) WAIVER OF JURY TRIAL. The parties hereby knowingly, voluntarily and
intentionally waive any rights they may have to a trial by jury in respect of
any litigation based hereon, or arising out of, under, or in connection with,
this agreement, or any course of conduct, course of dealing, statements (whether
oral or written) or actions of any of the parties hereto.

22. NOTICES. All communications and notices hereunder shall be in writing and
given as provided in the Loan Documents.

                                       9
<PAGE>

23. SEVERABILITY. In case any one or more of the provisions contained in this
Agreement should be invalid, illegal or unenforceable the remaining provisions
contained herein shall not in any way be affected or impaired.

24. SECTION HEADINGS. Section headings used herein are for convenience only and
are not to affect the construction of, or to be taken into consideration in
interpreting, this Agreement.

25. COUNTERPARTS. This Agreement may be executed in two or more counterparts,
each of which shall constitute an original, but all of which, when taken
together, shall constitute but one instrument. This Agreement shall be effective
when a counterpart which bears the signature of the Grantor shall have been
delivered to the Lender.

26. TERMINATION. This Agreement and the Security Interest shall terminate when
all the Obligations have been fully and indefeasibly paid in cash, at which time
the Lender shall execute and deliver to the Grantor all Uniform Commercial Code
termination statements and similar documents which the Grantor shall reasonably
request to evidence such termination; PROVIDED, HOWEVER, that all indemnities of
the Grantor contained in this Agreement shall survive, and remain operative and
in full force and effect regardless of, the termination of this Agreement.

                                       10
<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Security Agreement as of the day and year first above written.

                                        WINWIN GAMING, INC.,
                                        A Delaware corporation

                                        By: /s/ Benjamin Perry
                                            --------------------------
                                            Benjamin Perry
                                            President

                                        By: /s/ Patrick Rogers
                                            --------------------------
                                            Patrick Rogers
                                            Secretary

                                        WINWIN ACQUISITION CORP.,
                                        A Nevada Corporation

                                        By: /s/ Benjamin Perry
                                            --------------------------
                                            Benjamin Perry
                                            President

                                        By: /s/ Patrick Rogers
                                            --------------------------
                                            Patrick Rogers
                                            Secretary

                                        ARTHUR PETRIE

                                        By: /s/ Arthur Petrie
                                            --------------------------
                                            Arthur Petrie

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