Document:

EXHIBIT 10.16

                                            Revolving Credit Note and Agreement,
                                                   dated March 16, 2005, between
                                                   the Company and John Gronvall

                   REVOLVING LINE OF CREDIT NOTE AND AGREEMENT

                                                               Las Vegas, Nevada
$500,000.00                                                       March 16, 2005

      FOR VALUE  RECEIVED,  the  undersigned,  WIN WIN GAMING,  INC., a Delaware
corporation  with a mailing  address of 8687 West Sahara Avenue,  Suite 201, Las
Vegas, NV 89117, (the "Borrower")  promises to pay to the order of JOHN GRONVALL
with a principal  place of business  at and mailing  address of (the  "Lender"),
International  Renaissance  Companies,  237 East Front  Street,  Youngstown,  OH
44503,  or at such  other  place as the  holder  hereof  may  from  time to time
designate in writing,  the  principal  sum of Five  Hundred  Thousand and No/100
Dollars  ($500,000.00) (the "Loan") or so much as may be advanced and readvanced
by the Lender and remain unpaid from time to time, together with interest on the
principal  balance  of this  Note  outstanding  from  time to time from the date
hereof until this Note is paid in full, at the interest rate or rates and in the
manner hereinafter provided.

      The  principal  balance  of  the  indebtedness   evidenced  by  this  Note
outstanding  from time to time shall bear  interest,  from the date hereof until
said indebtedness shall have been paid in full, at a simple rate per annum equal
to twelve  percent  (12%).  Interest  shall be  calculated  on the daily  unpaid
principal  balance of the  indebtedness  evidenced by this Note based upon a 360
day year,  provided  that  interest  shall be due for the actual  number of days
elapsed during each period for which interest is charged.

      The payment of the principal sum then outstanding and all accrued interest
thereon shall be made at Maturity.  "Maturity" means the sooner of (a) the first
anniversary  of the date  hereof,  or (b) the date that the  Borrower is able to
consummate  an  equity  financing  transaction  in which the  Borrower  receives
aggregate gross proceeds of at least $1,000,000.

      On this date,  the Lender has advanced to the Borrower,  the sum of $0 and
agrees  to  advance  and  readvance  (each an  "Advance  and  collectively,  the
"Advances") to Borrower from time to time, up to the sum of $500,000.00.

      Lender's  agreement to make Advances shall terminate on the Maturity Date,
at which time, all principal,  interest and any other monies due under this Note
shall  become  due  and  payable,  unless  the  Maturity  Date is  extended,  as
hereinafter provided.

      The  Borrower  promises  to pay, in  addition  to said  principal  sum and
interest,  all taxes and assessments which may be levied against the Lender upon
this indebtedness, and all reasonable costs of collection and expenses including
reasonable  attorney's  fees incurred by the Lender to collect the  indebtedness
due hereunder.

      At the option of the  Lender,  the entire  principal  amount of this Note,
accrued interest thereon,  and all other amounts which the Borrower is obligated
to pay hereunder,  shall at once become due and payable  without notice upon the
occurrence  at any time of any of the following  events (each  referred to as an
"event of default" or a "default"):

      A. The failure to make any payment due hereunder; or
<PAGE>

      B. The filing by or against  the  Borrower of any  petition,  arrangement,
reorganization,  or the like under any applicable  insolvency or bankruptcy law,
or the  adjudication  of the  Borrower  as a  bankrupt  and if  such  filing  is
involuntary,  the failure to have the same dismissed within sixty (60) days from
the date of filing, or the making of an assignment for the benefit of creditors,
or the  appointment  of a  receiver  for any  part of  Borrower's  or any of the
Parties'  properties  or the  admission in writing by the Borrower or any of the
Parties of the inability to pay debts as they become due;

      Upon the occurrence of an event of default,  or upon Maturity hereof,  the
outstanding  principal balance of the indebtedness  evidenced by this Note shall
at the option of the Lender,  bear  interest from the date of occurrence of such
event of default or such Maturity until collection (including any period of time
occurring  after  judgment),  at the  "Default  Rate" being the lower of (a) the
highest  rate  allowed by law, or (b) a rate per annum equal to four  percentage
points  (4%)  above  the rate of  interest  that  would  otherwise  be in effect
hereunder, as the same may vary from time to time.

      The Lender may waive any right or remedy  hereunder.  No delay on the part
of the Lender in the  exercise  of any such right or remedy  shall  operate as a
waiver thereof. A waiver on one occasion shall not be construed as a bar to or a
waiver of any such right or remedy on any future occasion. No remedy reserved to
the Lender hereunder is intended to be exclusive of any other remedy,  including
those available at law or equity, and each shall be cumulative to others and may
be exercised singularly or concurrently.

      Borrower  may  prepay  this  Note in whole or in part at any time  without
penalty or premium.  All prepayments  shall be accompanied by payment of accrued
interest and any other charges  outstanding under this Note. Lender is obligated
to readvance  prepaid  amounts in accordance  with the fourth  paragraph of this
Note.

      Any  notice  or  demand to any party  hereto  shall be  delivered  by hand
delivery,  express mail, registered mail, return receipt requested,  first class
mail or by facsimile  transmission  addressed to each party at the addresses set
forth at the  beginning  of this Note or such other  address as either party may
hereafter  designate in writing in the manner  provided  herein and such service
shall be deemed complete on receipt or refusal to accept.

      The Borrower hereby represents,  covenants and agrees that the proceeds of
the Loan shall be used for general  commercial  purposes  and that the Loan is a
commercial transaction.

      All  references to the  "Lender",  the  "Borrower" or the "Parties"  shall
apply to their respective heirs, successors and assigns.

      Presentment, protest and notice are hereby waived.

      IN WITNESS  WHEREOF,  the  undersigned  Borrower and Lender have evidenced
this  Revolving  Line of Credit Note and Agreement by signing  their  respective
names in the spaces provided below as of the date first above written.

                                                 WIN WIN GAMING, INC.

                                                 By: /s/ Patrick O. Rogers
                                                    ----------------------------
                                                    Patrick O. Rogers, President

                                                    /s/ John Gronvall
                                                    ----------------------------
                                                    JOHN GRONVALLUnassociated Document

FIRST
AMENDMENT TO CREDIT AGREEMENT

and

PROMISSORY
NOTE

THIS
FIRST AMENDMENT TO CREDIT AGREEMENT AND PROMISSORY NOTE (the "Amendment"), dated
as of February 10, 2005, by and among ADAMS
GOLF, INC., a
Delaware corporation; ADAMS
GOLF HOLDING CORP, a
Delaware corporation; ADAMS
GOLF GP CORP, a
Delaware corporation; ADAMS
GOLF, LTD., a Texas
limited partnership; ADAMS
GOLF IP, LP, a
Delaware limited partnership; and ADAMS
GOLF MANAGEMENT CORP, a
Delaware corporation (the "Borrowers"), and
BANK
OF TEXAS, N.A.
("Lender").

 

RECITALS

 

A.  Borrowers
and Lender entered into that certain Credit Agreement dated as of February 13,
2004 (the "Credit
Agreement").

 

B.  In
connection with the Credit Agreement, Borrower executed and delivered to Lender
that certain Promissory Note dated February 13, 2004, in the original principal
amount of $2,000,000 (the "Note").

 

C.  Borrowers
and Lender desire to amend the Credit Agreement and the Note as hereinafter set
forth.

 

NOW,
THEREFORE, in consideration of the premises herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

 

ARTICLE
I  

 

Definitions

 

Section
1.1 Definitions.
Capitalized terms used in this Amendment, to the extent not otherwise defined
herein, shall have the same meaning as in the Credit Agreement, as amended
hereby.

 

ARTICLE
II  

 

Amendments

 

Section
2.1 Amendment
to Definition of "Termination Date" in the Credit Agreement. The
definition of "Termination Date" contained in Article
1 of the
Credit Agreement is hereby amended and restated in its entirety as
follows:

""Termination
Date" means April 13, 2005, unless sooner terminated pursuant to Section
6.2."

 

Section
2.2 Amendment
to Note. The
fourth paragraph of the Note beginning with "The principal" and ending with "in
full" is hereby amended and restated in its entirety as follows: 

The
principal of this Note is due and payable on April 13, 2005. Accrued interest
hereunder is due and payable in quarterly installments as it accrues on May 13,
2004, August 13, 2004, November 13, 2004, February 13, 2005 and April 13, 2005,
on which date the unpaid principal and all accrued unpaid interest thereon shall
be due and payable in full.

 

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Page 1

 

 

ARTICLE
III  

 

Conditions
Precedent

 

Section
3.1 Conditions. The
effectiveness of this Amendment is subject to the satisfaction of the following
conditions precedent, unless specifically waived by Lender:

 

(a)  Lender
shall have received this Amendment duly executed by Borrowers; 

 

(b)  The
representations and warranties contained herein, in the Credit Agreement, as
amended hereby, and in each other Loan Document shall be true and correct in all
material respects as of the date hereof, as if made on the date hereof (except
to the extent such representation or warranty relates specifically to an earlier
date); and

 

(c)  No Event
of Default shall have occurred and be continuing and no default shall exist
under the Credit Agreement or any other Loan Document.

 

ARTICLE
IV  

 

Ratifications,
Representations and Warranties

 

Section
4.1 Ratifications. The
terms and provisions set forth in this Amendment shall modify and supersede all
inconsistent terms and provisions set forth in the Credit Agreement and, except
as expressly modified and superseded by this Amendment, the terms and provisions
of the Credit Agreement and the other Loan Documents are ratified and confirmed
and shall continue in full force and effect. Borrowers and Lender agree that the
Credit Agreement, as amended hereby, and the other Loan Documents shall continue
to be legal, valid, binding and enforceable in accordance with their respective
terms.

 

Section
4.2 Representations
and Warranties. Each
Borrower hereby represents and warrants to Lender as follows:

 

(a)  The
execution, delivery and performance of this Amendment and any and all other Loan
Documents executed and delivered in connection herewith have been authorized by
all requisite corporate action on the part of Borrowers and do not and will not
conflict with or violate any provision of any applicable laws, rules,
regulations or decrees, the articles of incorporation or bylaws of the Borrowers
or any agreement, document, judgment, license, order or permit applicable to or
binding upon the Borrowers or their respective assets. No consent, approval,
authorization or order of, and no notice to or filing with, any court or
governmental authority or third person is required in connection with the
execution, delivery or performance of this Amendment or to consummate the
transactions contemplated hereby;

 

(b)  The
representations and warranties contained in the Credit Agreement, as amended
hereby, and the other Loan Documents are true and correct in all material
respects on and as of the date hereof as though made on and as of the date
hereof, except to the extent such representations and warranties relate to an
earlier date;

 

(c)  Borrowers
are in full compliance with all covenants and agreements contained in the Credit
Agreement, as amended hereby, and the other Loan Documents; and

 

(d)  Borrowers
have not amended their articles of incorporation or bylaws or any other
organizational documents since the date of the execution of the Credit
Agreement.

 

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Page 2

 

 

ARTICLE
V  

 

Miscellaneous

 

Section
5.1 Survival
of Representations and Warranties. All
representations and warranties made in the Credit Agreement and any other
document or documents relating thereto, including, without
limitation, any Loan Document furnished in connection therewith and with this
Amendment, shall survive the execution and delivery of this Amendment and the
other Loan Documents, and no investigation by Lender or any closing shall affect
the representations and warranties or the right of Lender to rely upon
them.

 

Section
5.2 Reference
to Credit Agreement and Note. Each of
the Loan Documents, including the Credit Agreement and the Note and any and all
other agreements, documents or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Credit
Agreement and the Note, as amended hereby, are hereby amended so that any
reference in such Loan Documents to the Credit Agreement and the Note shall mean
a reference to the Credit Agreement and the Note, as amended
hereby.

 

Section
5.3 Expenses
of Lender. As
provided in the Credit Agreement, each Borrower agrees to pay on demand all
reasonable costs and expenses incurred by Lender in connection with the
preparation, negotiation and execution of this Amendment and the other Loan
Documents executed pursuant hereto and any and all amendments, modifications,
and supplements hereto, including, without limitation, the reasonable costs and
fees of Lender's legal counsel, and all reasonable costs and expenses incurred
by Lender in connection with the enforcement or preservation of any rights under
the Credit Agreement, as amended hereby, and any other Loan Document, including,
without limitation, the reasonable costs and fees of Lender's legal
counsel.

 

Section
5.4 RELEASE.
EACH BORROWER HEREBY ACKNOWLEDGES THAT IT HAS NO DEFENSE, COUNTERCLAIM, OFFSET,
CROSS-COMPLAINT, CLAIM OR DEMAND OF ANY KIND OR NATURE WHATSOEVER THAT CAN BE
ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF ITS LIABILITY TO REPAY THE
OBLIGATIONS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM
THE LENDER. EACH BORROWER HEREBY VOLUNTARILY AND KNOWINGLY RELEASES AND FOREVER
DISCHARGES THE LENDER, ITS PREDECESSORS, AGENTS, ATTORNEYS, EMPLOYEES,
SUCCESSORS AND ASSIGNS, FROM ALL POSSIBLE CLAIMS, DEMANDS, ACTIONS, CAUSES OF
ACTION, DAMAGES, COSTS, EXPENSES, AND LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN,
ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR
CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE
THE DATE THIS AMENDMENT IS EXECUTED, WHICH THE BORROWERS MAY NOW OR HEREAFTER
HAVE AGAINST THE LENDER, ITS PREDECESSORS, AGENTS, ATTORNEYS, EMPLOYEES,
SUCCESSORS AND ASSIGNS, IF ANY, AND IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS
ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE, AND
ARISING FROM ANY OF THE OBLIGATIONS, INCLUDING, WITHOUT LIMITATION, ANY
CONTRACTING FOR, CHARGING, TAKING, RESERVING, COLLECTING OR RECEIVING INTEREST
IN EXCESS OF THE HIGHEST LAWFUL RATE APPLICABLE, THE EXERCISE OF ANY RIGHTS AND
REMEDIES UNDER THE CREDIT AGREEMENT OR OTHER LOAN DOCUMENTS, AND NEGOTIATION FOR
AND EXECUTION OF THIS AMENDMENT.

 

Section
5.5 Severability. Any
provision of this Amendment held by a court of competent jurisdiction to be
invalid or unenforceable shall not impair or invalidate the remainder of this
Amendment and the effect thereof shall be confined to the provision so held to
be invalid or unenforceable.

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Page 3

 

Section
5.6 APPLICABLE
LAW.
THIS AMENDMENT AND ALL OTHER LOAN DOCUMENTS EXECUTED PURSUANT HERETO SHALL BE
DEEMED TO HAVE BEEN MADE AND TO BE PERFORMABLE IN DALLAS, TEXAS, AND SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
TEXAS.

 

Section
5.7 Successors
and Assigns. This
Amendment is binding upon and shall inure to the benefit of Lender and Borrowers
and their respective successors and assigns, except the Borrowers may not assign
or transfer any of its rights or obligations hereunder without the prior written
consent of Lender.

 

Section
5.8 Counterparts. This
Amendment may be executed in one or more counterparts, each of which when so
executed shall be deemed to be an original, but all of which when taken together
shall constitute one and the same instrument. Delivery
of an executed counterpart of this Amendment by facsimile shall be equally as
effective as delivery of an executed original counterpart and shall constitute a
covenant to deliver an executed original counterpart, but the failure to do so
shall not affect the validity, enforceability and binding effect of this
Amendment.

 

Section
5.9 Effect
of Waiver. No
consent or waiver, express or implied, by Lender to or for any breach of or
deviation from any covenant or condition of the Credit Agreement shall be deemed
a consent or waiver to or of any other breach of the same or any other covenant,
condition or duty.

 

Section
5.10 Headings. The
headings, captions, and arrangements used in this Amendment are for convenience
only and shall not affect the interpretation of this Amendment.

 

Section
5.11 FINAL
AGREEMENT.
THE CREDIT AGREEMENT AND THE NOTE, AS AMENDED HEREBY, AND THE OTHER LOAN
DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES RELATED TO THE
SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

[The
remainder of this page intentionally left blank.]

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Page 4

IN
WITNESS WHEREOF, Borrowers and the Lender have caused this Amendment to be
executed on the date first written above by their duly authorized
officers.

 

 

 

	 	 	 
	 	LENDER:
	 
 	 
LENDER:
	 	 
	 	BANK
      OF TEXAS, N.A., a national banking association
	 	 	 
		By:  	/s/ ERIC
      L. KRAFT
	 	
      

      Name: ERIC L. KRAFT
	 	Title:
      Vice President

 

		 	 
	 	BORROWERS:
	 	 
	 	ADAMS
      GOLF, INC., a Delaware corporation
			
       

       

		By:  	/s/ ERIC
      LOGAN
	 	
      

      Name: Eric Logan
	 	Title:
      Chief Financial Officer

 

		 	 
	 	ADAMS
      GOLF HOLDING COPR., a delaware corporation
	 
 	 
 	 
 
		By:  	/s/ ERIC
      LOGAN
	 	
      

      Name: Eric Logal
	 	Title:
      Vice President

 

		 	 
	 	ADAMS
      GOLF GP CORP., a Delaware corporation
	 
 	 
 	 
 
		By:  	/s/ ERIC
      LOGAN
	 	
      

      Name: Eric Logan
	 	Title: President

 

 

		 	 
	 	ADAMS
      GOLF, LTD., a Texas limited partnership 
	 	 
	 
 	
       

      By:
      Adams Golf GP Corp, a Delaware corporation, its sole General
      Partner

	 	 
		By:  	/s/ ERIC
      LOGAN
	 	
      

      Name: Eric Logan
	 	Title: President

 

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Signature Page

 

 

		 	 
	 	ADAMS
      GOLF IP LP, a Delaware corporation
	 	 
	 
 	
       

      By:
      Adams Golf IP LP, a Delaware corporation, its sole General
      Partner

	 	 
		By:  	/s/ ERIC
      LOGAN
	 	
      

      Name: Eric Logan
	 	Title: President

 

 

		 	 
	 	ADAMS
      GOLF MANAGEMENT CORP., a Delaware corporation
	 
 	 
 	 
 
		By:  	/S/
      ERIC LOGAN
	 	
      

      Name: Eric Logan
	 	Title:
      Vice President

 

 

FIRST
AMENDMENT TO CREDIT AGREEMENT - Signature Page

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