Document:

Exhibit
10.11

SECOND AMENDMENT TO LEASE

THIS
SECOND AMENDMENT TO LEASE (“Second Amendment”) is made this 17th day of May,
2007 (the “Effective Date”), between 125 CONSTITUTION ASSOCIATES, L.P., a
California limited partnership, herein referred to as “Landlord”, and XTENT,
INC., a Delaware corporation, herein referred to as “Tenant”.

WITNESSETH:

WHEREAS,
Landlord and Tenant entered into a Lease entitled “Business Park Lease” dated
September 15, 2003, for certain demised premises consisting of
approximately 14,551 rentable square feet located on the first floor of the
building located at 125-135 Constitution Drive, Menlo Park, California (the
“Building”), as more particularly described in said Lease, and

WHEREAS,
Landlord and Tenant entered into an Amendment to Lease dated November 22,
2005, wherein the demised premises was increased to include approximately 5,587
rentable square feet of space located on the second floor of the Building (the
demised premises as previously expanded may also be referred to herein as the
“Existing Premises”, and the Business Park Lease, as previously amended, is
herein referred to as the “Lease”); and

WHEREAS,
Landlord has remeasured the Building and all of the spaces therein and has
calculated different square footages of the Existing Premises and the Building
than those specified in the Lease, and the parties desire that the square
footages of the Existing Premises and the Building shall be as shown on the
Exhibits attached hereto and incorporated herein by reference.

WHEREAS,
Landlord and Tenant wish to further
increase the size of the demised premises subject to the Lease by adding to the Existing Premises the remaining
space on the first floor of the Building containing approximately 30,398
rentable square feet (the “Expansion Space”) as shown on Exhibit “X”
attached hereto, all as more particularly set out hereinbelow.

NOW,
THEREFORE, in consideration of the covenants and conditions contained herein,
Landlord and Tenant agree to amend the Lease as follows:

1.                                       Addition
of Expansion Space to Premises.  Landlord
shall deliver, and Tenant shall accept, possession of the Expansion Space on
May 21, 2007 (such date shall be the “Expansion Commencement Date”), and
the demised premises shall increase from approximately 20,138 rentable square
feet to approximately 50,536 rentable square feet of the approximately 64,413
rentable square feet in the Building, by adding the Expansion Space to the
Existing Premises, and all references in the Lease to the “demised premises”
shall, on and after the Expansion Commencement Date, be deemed to refer to both
the Existing Premises and the Expansion Space. 
Effective on the Expansion Commencement Date, Exhibits “A” and “B”
attached to the Lease are hereby deleted in their entirety and shall be
replaced with Exhibits “A” and “B” attached hereto.  Tenant shall include the Expansion Space in
all insurance 

 1
 

required in the Lease
to be carried by Tenant and shall provide Landlord evidence thereof as of the
Expansion Commencement Date.

2.                                       Condition of Expansion Space.  Landlord
shall not be required to perform any work in the Expansion Space, and Tenant
accepts the Expansion Space in an “as
is” condition.  Tenant shall perform
improvements in the Expansion Space at Tenant’s sole cost and expense pursuant
to plans and specifications approved in advance by Landlord.

3.                                       Extension of Lease Term; Surrender.  Effective
as of the Effective Date, the demised term of the Lease is hereby extended for
the period up to and including May 31, 2012 (the “Extended Term”).

4.                                       Adjustment
of Base Rent.  From the Effective
Date of this Second Amendment through May 31, 2007, there shall be no
change in the rent (except utilities for the Expansion Space which are payable
commencing May 1, 2007) payable under Article 2 of the Lease.  Commencing on June 1, 2007 (the
“Expansion Rent Commencement Date”) the base rent payable under Section 2.1
of the Lease shall be amended to be as set forth below:

	
  Period

  	
   

  	
  Monthly Base Rent

  	
   

  	
  Annual Base Rent

  	
   

  
	
  June 1, 2007 to
  and including November 30, 2007

  	
   

  	
   

  	
  $

  	
  22,500.00

  	
   

  	
  N/A

  	
   

  
	
  December 1, 2007
  to and including May 31, 2008

  	
   

  	
   

  	
  $

  	
  28,500.00

  	
   

  	
  N/A

  	
   

  
	
  June 1, 2008 to
  and including May 31, 2009

  	
   

  	
   

  	
  $

  	
  39,039.06

  	
   

  	
  $

  	
  468,468.72

  	
   

  
	
  June 1, 2009 to
  and including May 31,2010

  	
   

  	
   

  	
  $

  	
  40,210.23

  	
   

  	
  $

  	
  482,522.78

  	
   

  
	
  June 1, 2010 to
  and including May 31, 2011

  	
   

  	
   

  	
  $

  	
  41,416.54

  	
   

  	
  $

  	
  496,998.46

  	
   

  
	
  June 1, 2011 to and
  including May 31, 2012

  	
   

  	
   

  	
  $

  	
  42,659.03

  	
   

  	
  $

  	
  511,908.41

  	
   

  

 

5.                                       Increase
in Security Deposit.  The parties agree that upon execution and
delivery of this Second Amendment, Tenant shall pay to Landlord the amount of
$25,896.79 as an additional Security Deposit, for a total Security Deposit of
$45,000.00, 

 2
 

which shall be held by Landlord pursuant to the
terms of the Lease, as amended herein. 
The Security Deposit (less any application of the Security Deposit to
Tenant defaults under the terms of the Lease) shall be returned to Tenant
within sixty (60) days following the termination of the Lease and the delivery
of possession of the Premises from Tenant to Landlord.

6.                                       No
Right to Extend Term.  Effective as of the Effective Date, Tenant’s
option to extend the term of the Lease contained in Section 1.2. of the
Lease shall be null and void and of no further force or effect.

7.                                       Use.

(a)                                  Permitted
Use.  Effective as of the Effective Date, Tenant’s
use of the demised premises described in Section 8.1 of the Lease shall
be office, research and development, non-retail sales, light assembly and
storage, light manufacturing, including, without limitation, the manufacturing
of medical devices, and for no other purposes without Landlord’s written
consent, which consent shall not be unreasonably withheld.

(b)                                 Parking
& Signage.  At no additional cost, Tenant shall have the
non-exclusive use of all parking areas and all signage for the Building.  Without Tenant’s prior written consent,
Landlord shall not use and shall not grant to any third party the right to use
any of the parking spaces for the Building.

8.                                       Vacant
Space.

(a)                                  Tenant’s
Share of Expenses.  Tenant acknowledges that because Tenant is
leasing and occupying the entire first floor of the Building as of the
Expansion Commencement Date, it will be impossible for Landlord to lease the
remaining vacant space located on the second floor of the Building containing
approximately 13,877 rentable square feet as shown on the plan attached hereto
as Exhibit “X-1” (herein, the “Vacant Space”). 
Therefore, the parties agree that, as of the Expansion Rent Commencement
Date, Tenant shall pay one hundred percent (100%) of all additional rent items
payable pursuant to the Lease, as amended herein, and Tenant’s prorata share
referred to in Section 11.3 of the Lease shall be increased to 100%.

(b)                                 Use
of Vacant Space.  In addition, Tenant acknowledges and agrees
that in the event Tenant uses or occupies the Vacant Space at any time during
the demised term for any reason, including for storage (a “Vacant Space Use”)
without the prior written consent of Landlord, then commencing as of the date
of such use or occupancy Tenant shall be deemed to be leasing the entire Vacant
Space, the Vacant Space shall be deemed added to the demised premises, and
Tenant’s base rent shall be increased in the same manner as described in
paragraph 10(c) hereinbelow to include the square footage of the Vacant
Space.  Notwithstanding the foregoing to the
contrary, the following shall not be a Vacant Space Use: (i) temporary entry
into the Vacant Space for the purpose of repairing or improving the demised
premises, and (ii) use of the Vacant Space as a temporary meeting space for its
employees, officers, stockholders, directors and guests during the demised term
of the Lease, for not more than three (3) days in any one calendar month nor
more than twelve (12) days in any one (1) year period.

 3
 

9.                                       Repairs.  As of the Expansion Commencement Date, Section
11.6 of the Lease shall be amended to exclude from the provisions therein
all costs associated with the replacement of the roof membrane and underlayment
of the Building.  In lieu of such
provisions, the parties agree that commencing on the Expansion Commencement
Date and continuing during the Extended Term herein, Landlord shall be
responsible, at Landlord’s sole cost and expense, for maintaining the roof and
all costs associated with the repair, maintenance and/or replacement of the
roof and roof membrane of the Building and shall not pass-through any such
costs to Tenant.

10.                                 Right
to Lease Vacant Space.  Provided the Lease is in full force and
effect and so long as Tenant is not in default under any of the terms and
conditions of the Lease beyond the applicable notice and cure periods, at any
time during the Lease term, subject to the provisions of paragraph 8 above,
Tenant shall have the option to lease all or any portion of the Vacant Space
designated by Tenant in its exercise notice for that portion of the Lease term
designated by Tenant in its exercise notice, subject to the following terms and
conditions:

(a)                                  Delivery
of Leased Vacant Space.  Landlord shall deliver possession of the
Vacant Space so leased (the “Leased Vacant Space”) to Tenant within thirty (30)
days after Landlord receives Tenant’s written notice thereof.  The demised term of the Lease for the Leased
Vacant Space shall commence upon delivery of possession of the Vacant Space to
Tenant and shall expire on the date designated in Tenant’s written notice,
which date shall be no later than the expiration of the demised term for the
demised premises (i.e., May 31, 2012);

(b)                                 Addition
of Leased Vacant Space.  From and after delivery of possession of the
Leased Vacant Space to Tenant, the Leased Vacant Space shall be added to the
demised premises leased by Tenant hereunder;

(c)                                  Base
Rent Adjustment.  Effective as of the date Landlord delivers
possession of the Leased Vacant Space to Tenant and throughout the designated
term for the Leased Vacant Space, Tenant shall pay an additional monthly base
rent for the Leased Vacant Space in the amount equal to the rentable square
footage of the Leased Vacant Space times the following rates per square foot
for the applicable portion of the term as follows:

	
  Leased Vacant Space Rent Rate

  	
   

  	
  Rate

  	
   

  
	
  Commencing June 1, 2007, to and including May 31,
  2008

  	
   

  	
  $

  	
  0.75

  	
   

  
	
  Commencing June 1, 2008 to and including May 31,
  2009

  	
   

  	
  $

  	
  .0.7725

  	
   

  
	
  Commencing June 1 2009 to and including May 31, 2010

  	
   

  	
  $

  	
  0.795675

  	
   

  
	
  Commencing June 1 2010 to and including May 31, 2011

  	
   

  	
  $

  	
  0.819545

  	
   

  
	
  Commencing June 1, 2011 to and including May 31,
  2012

  	
   

  	
  $

  	
  0.844131

  	
   

  

 

 4
 

(d)                                 Condition
of Leased Vacant Space.  Landlord shall not be required to perform any
work in the Vacant Space, and Tenant accepts the Leased Vacant Space in an “as
is” condition.  Any work to be performed
in the Leased Vacant Space shall be performed by Tenant at Tenant’s sole cost
and expense pursuant to plans and specifications approved in advance by
Landlord.

(e)                                  Notice
of Exercise.  If Tenant wishes to exercise its option to
lease Vacant Space, Tenant shall notify Landlord in writing thereof and the
parties shall promptly thereafter execute an amendment to the Lease to add the
Leased Vacant Space to the demised premises under the terms and conditions
hereof.

11.                                 Landlord’s
Right to Terminate.  If at any time during the Extended Term
Landlord receives redevelopment entitlements or the like with definitive plans
to redevelop the parcel upon which the demised premises is a part, then
Landlord shall have the ongoing option to terminate the Lease with a
termination date any time on or after May 1, 2009, by giving written
notice thereof to Tenant of its election and the termination date (which date
shall be at least one hundred eighty (180) days after the date of Landlord’s
notice).  Tenant shall vacate the demised
premises on or before such date.  There
shall be no termination fee associated with an early termination of the Lease
pursuant to the provisions herein.

12.                                 Tenant’s
Right to Terminate.  Tenant shall have the ongoing option to
terminate the Lease with a termination date any time on or after May 1,
2009, by giving written notice thereof to Landlord of its election and the
termination date (which date shall be at least one hundred eighty (180) days
after the date of Tenant’s notice). 
Tenant shall vacate the demised premises on or before such date.  There shall be no termination fee associated
with an early termination of the Lease pursuant to the provisions herein.

13.                                 Restoration
of the Demised Premises.  If the
Lease is terminated by Landlord pursuant to the provisions of paragraph 11
hereinabove, then Tenant shall not be obligated to restore any alterations,
additions or improvements made by Tenant in the demised premises or repair any
damage to the demised premises at the termination of the demised term of the
Lease, subject to the provisions of paragraphs 14 and 15 hereinbelow.  However, if the Lease is terminated by Tenant
pursuant to the provisions of paragraph 12 hereinabove or if the Lease is
terminated pursuant to other provisions of the Lease (except by Landlord
pursuant to paragraph 11 hereinabove), or if the demised term of the Lease
expires by its own terms, then Tenant shall remain obligated, on or before the
termination or expiration of the demised term, to restore any alterations,
additions or improvements made by Tenant in the demised premises and to
surrender the demised premises without damage, injury or disturbance thereto,
pursuant to the provisions of the Lease.

14.                                 Tenant’s
Personal Property/Trade Fixtures. 
Notwithstanding the foregoing provisions of this Second Amendment, on or
before the expiration or earlier termination of the demised term of the Lease,
Tenant shall remain obligated to remove Tenant’s personal property and all of
Tenant’s trade fixtures, furnishings and equipment from the demised
premises.  The parties agree that any
modular clean-room or similar structures that Tenant may place within the demised
premises during the demised term shall be 

 5
 

treated as a
“trade fixture” and shall be Tenant’s sole property for all purposes of the
Lease.

15.                                 Hazardous
Materials.  Notwithstanding the
foregoing provisions of this Second Amendment, Tenant’s obligations and
indemnities under the Lease with respect to hazardous materials shall remain in
full force and effect.

16.                                 Brokers.  Tenant warrants that it has not had any
dealings with any realtor, broker or agent in connection with the negotiation
of this Second Amendment with the exception of the commissions payable to
Staubach Bay Area, Inc. and Cornish and Carey Commercial.  The parties acknowledge that the commission
payable by Landlord to Staubach Bay Area, Inc., for each year during the
Extended Term is 4% of the amount of the annual base rent payable under
paragraph 4 above that is allocable to the Expansion Space on the basis of
square footage, and if applicable, 4% of any base rent payable under paragraph
10 above.  Such commission shall be
payable with respect to the first twenty four (24) months of the Extended Term,
on the date hereof, with adjustment for any additional base rent paid under
paragraph 10 above, to be made at the end of such twenty four (24) month
period.  With respect to each additional
one year period or portion thereof during the Extended Term, commission
payments shall be due at the end of each such one year period or portion
thereof.  Except with respect to the
amounts owed to Staubach Bay Area and Cornish and Carey Commercial, Tenant
holds Landlord harmless from any cost, expense or liability for any
compensation, commissions or charges claimed by any realtor, broker, or agent
engaged or introduced by Tenant with respect to this Second Amendment and/or
the negotiation thereof.

17.                                 Conflict.  It is understood and agreed that all other
terms and conditions of the Lease shall be and remain the same.  If there is any conflict between the
provisions of this Second Amendment and the provisions of the Lease, the
provisions contained in this Second Amendment shall control.

18.                                 Interpretation.  This Second Amendment shall be construed
under the laws of the State of California. If any provision of this Second
Amendment, or portion thereof, or the application thereof to any person or
circumstances shall, to any extent, be invalid or unenforceable, the remainder
of this Second Amendment shall not be affected thereby and each provision of
this Second Amendment shall be valid and enforceable to the fullest extent
permitted by law.

 6
 

IN
WITNESS WHEREOF, the parties have executed this Second Amendment as of the date
first hereinabove written.

	
  TENANT:

  	
  LANDLORD:

  
	
   

  	
   

  
	
  XTENT, INC.,

  	
  125 CONSTITUTION ASSOCIATES, L.P.,

  
	
  a Delaware corporation

  	
   

  	
  a California partnership

  
	
   

  	
   

  
	
  By

  	
   

  	
  /s/ R.E. Campbell

  	
   

  	
  By:

  	
  BOHANNON DEVELOPMENT COMPANY,

  
	
  Name:

  	
   

  	
  R.E. Campbell

  	
   

  	
   

  	
  Managing Partner

  
	
  Title:

  	
   

  	
  CTO

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Scott
  Bohannon

  
	
  By

  	
   

  	
  /s/ Henry A. Plain Jr.

  	
   

  	
   

  	
   

  	
  Senior Vice
  President

  
	
  Name:

  	
   

  	
  Henry A. Plain Jr.

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
  Chairman

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ernest Lotti
  jr.

  
	
   

  	
   

  	
   

  	
  Secretary

  
													

 

 7EXHIBIT 10.1

September 12, 2007

CONFIDENTIAL

Gerard Charlier

 6 Rue de Mezières

75006
Paris, France

Dear
Mr. Charlier:

Subject
to your acceptance in the manner indicated below, Gaming Partners International
Corporation, a Nevada corporation (the “Company”), hereby offers to continue to
employ you on the terms and conditions hereinafter set forth.  You
have been employed by the Company as its President and Chief Executive Officer
pursuant to an agreement dated September 12, 2002 that expires today.

1.             Employment
- Duties.

The Company hereby agrees to continue
to employ you, and you hereby accept such continued employment by the Company,
as President and Chief Executive Officer of the Company and, to the extent
allowed by applicable laws, all its existing subsidiaries, Gaming Partners
International SAS, a French corporation (“GPI France”), Gaming Partners
International USA, Inc., a Nevada corporation (“GPI USA”), and GPI Mexicana,
S.A. de C.V., a Mexican corporation (“GPI Mexico”) (GPI France, GPI USA and GPI
Mexico are sometimes collectively referred to as the “Subsidiaries” and
individually as a “Subsidiary”). You shall report to and be under the direction
and control of the Board of Directors of the Company.  You shall have supervision and control over,
and responsibility for, the day-to-day operations of the Company and the
Subsidiaries and such other powers and duties as may from time to time be
prescribed by the Board of Directors. 
You agree to devote your best efforts and all of your business time and
attention to the business of the Company and its Subsidiaries and to the best
interests of the Company and its Subsidiaries, and during the term of this
Agreement, you shall not engage in any other business activity.

2.             Compensation;
Expenses.

(a)           While you are serving as President and Chief
Executive Officer of the Company and its Subsidiaries, you shall be paid the
following annual salaries (the “Salaries”), payable in accordance with the
executive payroll schedule in effect from time to time at the Company and GPI
France:

(i)            by GPI France:  One Hundred Fifteen Thousand Euros (E
115,000); and

(ii)           by the Company: Two Hundred
Thousand Dollars (US $200,000).

(b)           While
you are serving as President and Chief Executive Officer of the Company and its
Subsidiaries, the Company shall pay directly or pay to you a monthly housing
allowance (the “Housing Allowance”) not to exceed Three Thousand Five Hundred
Dollars ($3,500), payable in advance to provide you with housing in Las Vegas,
Nevada and Beaune, France.  Additionally,
the Company shall pay for the assistance of professional tax
consultants/accountants needed to prepare your tax filings in the United States
and France.  Additionally, you shall be
entitled to the use of two automobiles (one located in Las Vegas and the other
located in France) for your exclusive use on business and personal matters, and
the Company shall pay all operating expenses associated

therewith, including, without limitation, collision
and liability insurance. The Company agrees that, as soon as practicable after
the date of this Agreement, it will lease a new vehicle for your use in Las
Vegas comparable to the current Acura; provided that the total lease and
insurance payments shall not exceed $1,200 per month.  Upon acquisition of the new vehicle, the
Company agrees to sell the Acura to you for a cash purchase price equal to its
Kelly Blue Book private party value.

(c)           While
serving as President and Chief Executive Officer of the Company and its
Subsidiaries, you shall be reimbursed by the Company and B&G for reasonable
expenses incurred by you in connection with performing services hereunder in
accordance with the Company’s policy at the time. You shall submit to the
Company written, itemized expense accounts and such additional substantiation
and justification as the Company may reasonably request.  In this regard, the Company will reimburse
you for the cost of two (2) round-trip business class airfares for your wife
between France and Las Vegas for each year during the Term of this Agreement.

3.             Benefit
Plans, Vacations, etc.

(a)           During
the term of this Agreement, you shall be eligible to participate in any
medical, retirement, pension or other benefit plans or arrangements made
available by the Company to its employees.

(b)           You
shall be entitled to receive four (4)  weeks of
paid vacation during each year of the Term of this Agreement in accordance with
Company policy in effect from time to time. Vacation shall be taken at such
times as are mutually agreed upon by you and the Chairman of the Board of the
Company.

4.             Term.

Unless sooner terminated
as provided in Section 5 hereof , the term of your employment (the “Term”)
shall be for a period of two (2) years commencing on September 12, 2007 and
terminating on September 12, 2009.

5.             Termination.

(a)           Termination
By the Company Without Cause. The Company may terminate your employment
hereunder at any time, for any reason or for no reason; and upon any
termination all unaccrued payments of your Salaries and non-vested benefits
will cease, except as expressly provided herein.

(b)           Resignation.
You may voluntarily resign from the Company on not less than ninety (90) days written
notice of your intention to resign and your employment shall terminate on the
effective date of the resignation. If you resign or otherwise voluntarily leave
the Company’s employment, however, you shall forfeit all unaccrued rights to
Salaries and non-vested benefits, from and after the effective date of the
resignation.

(c)           Death,
Disability or Cause.  Upon your death, or
upon your “Permanent Disability” or termination for “Cause” (each as
hereinafter defined), all unaccrued payments of

 2
 

Salaries and non-vested benefits shall cease (but
benefits provided under any Company benefit plans or other provisions, as
applicable, shall be provided in accordance with the terms of those plans or
provisions).

(d)           Severance
Benefits.  If
your employment is terminated by the Company during the Term for any reason
other than death, Permanent Disability or Cause (each as hereinafter defined),
you shall be entitled to receive the following amounts and benefits:

(i)            the
sum of your full base Salaries through the date of termination of your
employment at the rate in effect at the time of termination, and an amount
equal to your accrued vacation time. These amounts shall be paid to you in a
lump sum within five (5) days following the date of termination;

(ii)           subject
to the provisions of Section 6(c), if the Company terminates your employment
hereunder pursuant to Section 5(a),  you
shall continue to receive your Salaries at the rate in effect on September 1,
2007 (US $100,000 and E 115,000) in accordance with the Company’s and GPI France’s
executive payroll schedule in effect on the date of termination for a period of
twenty-four (24) months from the date of termination   The payment of the amounts set forth in this
subsection 5(d) shall be your exclusive remedy in the event the Company
terminates your employment hereunder for any reason other than death, Permanent
Disability or Cause; and

(iii)          the medical and dental benefits provided to
you and your dependents on the date of termination shall be continued for the
period your Salaries are continued pursuant to Section 5(d)(ii) at no cost to
you or your dependents.  This may be
accomplished through payment by the Company of your premiums under the “continuation
coverage” provisions of the Consolidated Omnibus Budget Reconciliation Act of
1985, as amended (“COBRA”).

(e)           Certain Definitions

(i)            Permanent
Disability.  A termination by the
Company of your employment based on “Permanent Disability” shall mean
termination because of your absence from your duties with the Company and/or
any Subsidiary on a full-time basis for 90 consecutive calendar days, as a
result of your incapacity due to physical or mental illness, unless within
thirty (30) days after Notice of Termination (as hereinafter defined) is given
following such absence, you shall have returned to the full-time performance of
your duties.

(ii)           Cause.
Termination of your employment for “Cause” shall mean termination upon:  (A) your willful and continued failure to
substantially perform your duties with the Company and the Subsidiaries (other
than any such failure resulting from your incapacity due to physical or mental
illness) or (B) your willful engaging in misconduct which is materially
injurious to the Company, monetarily or otherwise, or (C) your conviction of,
or plea of nolo  contendere to, a felony, or (D) your breach of
Section 6 hereof. For purposes of this paragraph, no act, or failure to act, on
your part shall be considered “willful” unless done, or omitted to be done, by
you not in good faith and without reasonable belief that your action or
omission was in the best interest of the Company.

 3
 

(iii)          Notice of Termination.  Any purported termination of your employment
by you or the Company shall be communicated by written Notice of
Termination.  For purposes of this
Agreement, a “Notice of Termination” shall mean a notice that shall indicate
the specified termination provision in this Agreement relied upon and shall set
forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of your employment under the provision indicated.

6.             Confidentiality
and Restrictions.

(a)           You hereby recognize that the value of the Confidential Information, as
defined below, of the Company and its affiliates, and the Confidential
Information to be disclosed to you by the Company and its affiliates in the
course of your employment with the Company is attributable substantially to the
fact that such Confidential Information has been and continues to be maintained
by the Company, each Subsidiary and their respective affiliates and their
respective licensors, suppliers, contractors and customers in the strictest
confidentiality and secrecy and is unavailable to others without the
expenditure of substantial time, effort or money.  You, therefore, covenant and agree to keep
strictly secret and confidential the Confidential Information in accordance with
the following provisions of this Section 6(a). 
You covenant and agree that, while you are serving as President and
Chief Executive officer of the Company and its Subsidiaries, and at all times
thereafter, you shall safeguard the Confidential Information, and you shall
not, directly or indirectly, use or disclose any such Confidential Information
except as required in the course of your employment with the Company.  In implementation of the foregoing, you shall
not disclose any of the Confidential Information to any employee or consultant
except to the extent that such disclosure is necessary for the effective
performance of such employee’s or consultant’s responsibilities to the
Company.  The obligations undertaken by
you pursuant to this Section 6(a) shall not apply to any Confidential Information
which hereafter shall become published or otherwise generally available to the
public, except in consequence of an act or omission by you in contravention of
the obligations hereinabove set forth in this Section 6(a), and such
obligations shall, as so limited, survive expiration or termination of this
Agreement.  As used in this Section 6, “Confidential
Information” means all information not in the public domain relating to the
business of the Company, any Subsidiary, their respective affiliates, and their
respective customers, licensors, suppliers and contractors and the products and
programs developed and/or commercialized by any of the foregoing, including,
without limitation, information relating to inventions, ideas, discoveries,
know-how, methods, research, engineering, processes, data, databases,
operations, techniques, customer lists, and other trade secrets.
Notwithstanding anything to the contrary herein, you shall not be responsible
for any disclosure by a third person (including employees) so long as your
disclosure to that third party was not in violation of this Section 6.

(b)           On the termination of your employment with the Company for any reason,
you will deliver to the Company all correspondence, documents, papers and other
media containing information about the Confidential Information together with
all copies thereof in your possession or control.

(c)           While
you are serving as President and Chief Executive Officer of the Company and its
Subsidiaries and for a period of two (2) years after the termination of your
employment with the Company for any reason whatsoever (the “Post-Termination
Period”), you shall not engage (and

 4
 

shall assure that none of your agents or  affiliates engages and use your best efforts
to assure that none of your associates engages) in any Restricted Activity (as
hereinafter defined) anywhere in the world, nor directly or indirectly perform
services (as employee, manager, consultant, independent contractor, advisor or
otherwise) for any business, or own any equity interest in any business (other
than an aggregate of not more than one percent (1%) of the stock issued by any
publicly held corporation) that engages in any Restricted Activity.  In addition, during such period, you shall
not (and shall assure that none of your agents or affiliates shall and use your
best efforts to assure that none of your associates shall) directly or
indirectly solicit, raid or entice, or otherwise induce any customer or
supplier of the Company, any Subsidiary, or any of their respective affiliates
to cease doing business therewith or to do business with another business
engaged in any Restricted Activity.  As
used herein, “Restricted Activities” means engaging in the research,
development, manufacture, marketing, promotion, distribution or sale of any
product, process or service which competes with any product, process or service
offered by the Company, any Subsidiary or any of their respective
affiliates.  A product, process or
service “competes” with a product, process or service of the Company, a
Subsidiary or any of their respective affiliates if it can be substituted for
any product, process or service of the Company, a Subsidiary, or any of their
respective affiliates. The foregoing to the contrary notwithstanding, if
following termination of your employment by the Company without Cause, you
desire during the Post-Termination Period to accept employment with a business
that engages in any Restricted Activity or otherwise to engage in any
Restricted Activity, you may give the Company prior written notice of such
desire, describing the particulars of your prospective employment or activity
in detail.  The Company in its sole
discretion may consent in writing to your accepting such employment or engaging
in such activities.  If the Company so
consents, (i) you may accept such employment or engage in such activity and
(ii) all payments and benefits being provided to you pursuant to Section 5
shall immediately cease.

(d)           While you are serving
as President and Chief Executive Officer of the Company and its Subsidiaries
and during the Post-Termination Period, you
shall not (and shall assure that none of your agents or affiliates shall and
use your best efforts to assure that none of your associates shall), without
the Company’s prior written consent, directly or indirectly solicit for
employment, offer employment to, or employ for your or such agent’s, affiliate’s
or associate’s own account or for the account of another, any employee or
consultant of the Company, a Subsidiary or any of their respective affiliates.
As used in Sections 6(c) and 6(d), the terms “affiliates” and “associates”
shall have the meaning set forth in Rule 405 under the Securities Act of 1933,
as amended.

(e)           You
expressly agree that, in addition to any other rights or remedies which the
Company may have, the Company shall be entitled to injunctive and other
equitable relief to prevent a breach of this Section 6 by you, including a
temporary restraining order or temporary injunction from any court of competent
jurisdiction restraining any threatened or actual violation, and you consent to
the entry of such an order and injunctive relief and waive the making of a bond
or undertaking as a condition for obtaining such relief to the extent permitted
by law or consent to the posting of a bond or undertaking in the minimum amount
permitted by applicable law.

7.     Notices.   Any notice required
or pertained to be given hereunder shall be in writing and may be given by
prepaid and certified return receipt requested first class mail addressed:

(i)            if
to the Company, to the Chairman at the principal office of the Company;

 5
 

(ii)           if
to you, at your home mailing address on file with the Company; or

(iii)          to either party at such other address as the
party to which such notice is to be given shall have notified (in accordance
with the provisions of this Section 8) as its substitute address for the
purposes of this Agreement.

Any notice given as aforesaid shall be deemed
conclusively to have been received on the fifth business day after such mailing.

8.             Amendment.  It is agreed that no
change or modification of this Agreement shall be made except in a writing
signed by both parties.

9.             Severability.  If in any jurisdiction, any provision of this
Agreement or its application to any party or circumstance is restricted,
prohibited or unenforceable, such provision shall, as to such jurisdiction, be
ineffective only to the extent of such restriction, prohibition or
unenforceability without invalidating the remaining provisions hereof and
without affecting the validity or enforceability of such provision in any other
jurisdiction or its application to other parties or circumstances.  In addition, if any one or more of the
provisions contained in this Agreement shall for any reason in any jurisdiction
be held to be excessively broad as to time, duration, geographic scope,
activity or subject, it shall be construed, by limiting and reducing it, so as
to be enforceable to the extent compatible with the application law of such
jurisdiction as it shall then appear.

10.           Law Governing.
The validity, interpretation and effect of this Agreement shall be governed by
the laws of the State of Nevada without regard to any principles of conflict of
laws or choice of law, whether of the State of Nevada or any other jurisdiction
which would result in the application of the law of any jurisdiction other than
the State of Nevada.

11.           Exclusive
Jurisdiction.  The parties hereby
agree that the Nevada State and the U.S. Federal courts sitting in Nevada shall
have exclusive jurisdiction to enforce the terms of this Agreement, and the
parties hereby consent to that jurisdiction and agree that they will not
proceed in or before any other court, tribunal, or government agency or
official to seek enforcement of any of the terms of this Agreement, except that
any judgment entered by a court sitting in Nevada may be enforced by any court
of competent jurisdiction in any state or nation.

12.           Entire Agreement.  This Agreement constitutes the entire
agreement of the parties with respect to the subject matter hereof, and all
prior or contemporaneous agreements of the parties with respect to the subject
matter hereof, and all other prior or contemporaneous agreements of the parties
with respect to said subject matter, whether oral or written, are hereby merged
into and superseded by this Agreement. 
Without limiting the generality of the foregoing, the Employment
Agreement between you and the Company (then known as “Paulson Gaming
Corporation”) dated September 12, 2002 has terminated and is of no further
force or effect.

Please
indicate your acceptance of and agreement to the foregoing by signing where
indicated on the counterpart of this Agreement provided and returning it to the
undersigned.

 6
 

 

	
  

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  GAMING PARTNERS INTERNATIONAL 

  
	
   

  	
  CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
  ACCEPTED AND AGREED TO:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Gerard Charlier

  	
   

  
	
   

  	
   

  
	
  Dated: August 8, 2007

  	
   

  
					

 

 7

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